Document:

fs1a1ex10iv_apextalk.htm

     

     

    
EXHIBIT
10.4

     

    Consulting
Agreement

     

    This
Consulting Agreement, dated effective December 29, 2007 (this “Agreement”), is
made and entered into by and among Apextalk Holdings, Inc. a Delaware
corporation, with business address at 637 Howard Street, San Francisco, CA (the
“Company”) and Links International Ltd. a Hong Kong SAR corporation with
business address at Rm A, 5/F., Hang Seng Center, 95 Tung Chau Street, Tal Kok
Taui, Kowloon, Hang Kong (the “Consultant”).

     

    1.
Scope of Work

     

    1.1   Services - The Company has engaged Consultant to provide
services in connection with the Company’s soft switch and Personal Number
switch.  Consultant will develop the programming to allow call
forwarding and such other services as described at Exhibit A.

     

    1.2   Confidentiality - Except for
its employees, agents and independent contractors, Consultant shall not divulge
to others, any trade secret or confidential information, knowledge, or data
concerning or pertaining to the business and affairs of Company, obtained by
Consultant as a result of its engagement hereunder,
unless authorized, in writing by the Company.

     

    l.3   Standard of Conduct - In
rendering consulting services under this Agreement, Consultant shall conform to
high professional standards of work and business ethics.  Consultant
shall not use time, materials or equipment of the Company without the prior
written consent of the Company.

     

    1.4   Outside Services - Consultant
shall not use the service of any other person, entity or organization in the
performance of Consultant’s duties without the prior written consent of the
Company.  Should the Company consent to the use by Consultant of the
services of any other
person, entity or organization, no information regarding the services to be
performed under this Agreement shall be disclosed to that person, entity or
organization until such person, entity or organization has executed an agreement
to protect the confidentiality of the Company’s Confidential Information and the
Company’s absolute and complete ownership of all right, title and interest in
the work performed under this Agreement.

     

    2.
Independent Contractor

     

    2.1   Independent Contractor -
Consultant shall be and in all aspects be deemed to be, an independent contractor and is
not an employee, partner, or co-venture of, or in any other service relationship
with the Company.  The manner in which Consultant’s services are
rendered shall be within Consultant’s sole control and
discretion.  Consultant is not authorized to speak for, represent, or have no
power to enter any agreement on behalf of or otherwise
bind the Company.

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    2.2   Taxes - Consultant
shall be responsible for all taxes arising from compensation and other amounts
paid under this Agreement, and shall be responsible for all payroll taxes and
fringe benefits of Consultant’s employees.

     

    3.
Compensation for Consulting Services

     

    3.1   Compensation - The Company
shall pay to Consultant $30,000 for its services rendered to the Company under
this Agreement.  The initial payment shall be $15,000 upon signing
of this Agreement, the other half of the payment shall be paid when Company
accepts and approves the delivery of work preformed according to this
Agreement.

     

    3.2   Reimbursement - The Company
agrees to reimburse Consultant for all actual reasonable and necessary
expenditures, which are directly related to the consulting
services.  These expenditures include, but are not limited to, expenses related to travel
(i.e. airfare, hotel temporary housing,
meals, parking. taxis, mileage, etc.), telephone cells, and postal
expenditure.  Expenses incurred by Consultant will be reimbursed by
the Company within 15 days of Consultant’s proper written request for
reimbursement.

     

    4.
Term and Termination

     

    4.1   Term - This Agreement shall be
effective as of Dec. 29, 2007, and shall continue in full force and effect for three (3)
consecutive months.  The Company and Consultant may negotiate to
extend the term of this Agreement and the terms and conditions under which the
relationship shall continue.

     

    4.2   Termination - The Company shall
have the right to terminate this Agreement hereunder by furnishing Consultant
with written notice thirty (30) days in advance of such termination.
However, no termination of this
Agreement by Company shall in anyway affect the right of Consultant to receive
as a result of the Services rendered
hereunder:

     

    1. any
unpaid consultant fee

     

    2.
reimbursement for billed, accrued and/or unbilled disbursements and expenses
which both parties
agreed and consent is absolute;

     

    4.3   Survival - The provisions of
Articles 5 and 6 of this Agreement shall survive the termination of this
Agreement and remain in full force and effect thereafter.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    5.
Confidential Information

     

    5.1   Obligation of Confidentiality -
In performing consulting services under this Agreement, Consultant may be
exposed to and will be required to use certain “Confidential Information” of the
Company.  Consultant agrees that Consultant and consultant’s
employees, agents or representatives will not use directly or indirectly such
Confidential, Information for the benefit of any person, entity or organization
other than the Company, or disclose such Confidential Information without the
written authorization of the CEO of the Company,
either during or after the term of this Agreement for as long as such
information retains the characteristics of Confidential Information

     

    5.2   Property of the Company -
Consultant agrees that all plans, manuals and specific materials
developed by the Consultant on behalf of the
Company in connection with services rendered under this Agreement, are and shall
remain the exclusive property of the Company. Promptly upon the expiration or
termination of this Agreement, or upon the request of the Company, Consultant
shall return to the Company all documents and tangible items, including samples,
provided to Consultant or created by Consultant for use in connection with
services to be rendered hereunder, including without limitation all Confidential
Information, together with all copies and abstracts thereof.

     

    5.3   Data - All drawings,
models, designs, formulas, methods, documents and tangible items prepared for
and submitted to the Company by Consultant in connection with the services
rendered under this Agreement shall belong exclusively to the
Company.

     

    6.
General Provisions

     

    6.1   Construction of terms - If any
provision of this Agreement is held unenforceable by a court of competent
jurisdiction, that provision shall be severed and shall not affect the validity or
enforceability of the remaining previsions.

     

    6.2   Governing Law - This Agreement
shall be governed by and construed in
accordance with the laws of the Hong Kong SAR.

     

    6.3   Complete Agreement - This
Agreement constitutes the complete agreement and sets forth the entire
understanding and agreement of the parties as to the subject matter of this
Agreement and supersedes all prior discussions and understandings in respect to the subject
of this Agreement, whether written or oral.

     

    6.4   Modification - No modification,
termination or attempted waiver of this Agreement, or any provision thereof,
shall be valid unless in writing signed by the
party against whom the same is sought to be enforced.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    6.5   Waiver of Breach - The
waiver by a party
of a breach of any provision of this Agreement by the other party shall not
operate or be construed as a waiver of any other or subsequent breach by
the party in
breach.

     

    6.6   Successors and Assigns - This
Agreement may not be assigned by either
party without the prior written consent of the other party; provided, however,
that the Agreement shall be assignable by the Company without Consultant’s
consent in the event the Company is acquired by or merged into another
corporation or business entity.  The benefits and obligations of this
Agreement shall be binding upon and inure to the parties hereto, their
successors and assigns.

     

    6.7   No Conflict - Consultant
warrants that Consultant has not previously assumed any obligations inconsistent
with those undertaken by consultant under this Agreement.

     

    IN
WITNESS WHEREOF, this Agreement is executed as of the
date set forth above.

     

    
      	
              Apextalk
      Holdings, Inc.

            	 	
              Links
      International Company Limited

            
	 	 	 
	
              By:

            	/s/ Tony Lee	 	
              By:

            	/s/
      Lo Sui Kong
	
              Its:

            	
              Tony
      Lee

              CEO

            	 	
              Its:

            	
              Lo
      Sui Kong

              General
      Manager

            

    

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    Exhibit
A

     

    Upon
execute of this Consultant Agreement Consultant will further develop a
soft-switch based on existing proprietary programming and coding that the
Company has already developed. The newer version of the soft-switch will be able
to support Company’s various products and services, such as:

     

    
      	
              1.

            	
              Personal
      Number

            
	
              2.

            	
              Follow-me
      Pro

            
	
              3.

            	
              Promotional
      Minutes

            
	
              4.

            	
              Red
      Pocket Mobile - US prepaid cell phone
services

            

    

     

    The total
development cost of the soft-switch will be including software and
hardware developed and provided by Consultant.

     

     

     

     

    -5-fs1a1ex10v_apextalk.htm

     

     

    EXHIBIT
10.5

     

    Master Service
Agreement

     

    This
Master Service Agreement (“Agreement”) is made this 1 day of July, 2008, between
APEX Telecom Inc. (“APEX”) and ApexTalk Inc. (“Customer”).
This Agreement provides the general terms and conditions applicable to Customer
to lease the space at Apex data center and purchase of communications services
(“Service”) from APEX.

     

    ARTICLE 1. ORDERS FOR AND
DELIVERY OF SERVICE

     

    1.1           Submission
and Acceptance of Customer Order(s). Customer may submit requests
for Service in a form designated by APEX (“Customer
Order”). The Customer Order shall contain the duration for which Service is
ordered (“Service Term”) and pricing for Service.

     

    1.2           Location. 200 Paul Ave. San Francisco,
CA

     

    1.3           Term. The term of the use of the
Service shall be 12 months, Service will continue on a month to month basis at
the expiration of the Service Term.

     

    1.4           Monthly
fee. The monthly
fee will be $200 per month ($150 for co-location; $50 for 8 lines / bandwidth)
until further negotiation between the parties.

     

    1.5           Credit
Approval.
Customer will provide APEX with credit information as requested. APEX may
require Customer to make a deposit as a condition of APEX’s acceptance of any
Customer Order or continuation of: a) any usage-based Service; or b) any
non-usage based Service where Customer fails to timely make any payment due
hereunder or APEX reasonably determines that Customer has had an adverse change
in financial condition. Deposits will not exceed 2 months’ estimated charges for
Service and will be due upon APEX’s written request. When Service is
discontinued, the deposit will be credited to Customer’s account and the balance
refunded.

     

    1.6           Scheduled
Maintenance and Local Access. Scheduled maintenance will
not normally result in Service interruption. If scheduled maintenance requires
Service interruption, APEX will (i) provide Customer 7 days’ prior written
notice, (ii) work with Customer to try to minimize Service interruptions and
(iii) use commercially reasonable efforts to perform such maintenance between
midnight and 6:00 a.m. local time. If third party provided local access services
are obtained by Customer, Customer will: (i) provide APEX with circuit facility
information, firm order commitment information and necessary design layout
records to enable cross-connects to APEX Service(s) (such cross connects being
provided by APEX subject to applicable charges), (ii) cooperate with APEX in
connection with APEX circuit grooming, and (iii) where a related Service is
disconnected or terminated, promptly provide APEX a written disconnection firm
order commitment from the relevant third party provider.

     

    ARTICLE 2. BILLING AND
PAYMENT

     

    2.1           Commencement
of Billing. APEX
will deliver written or electronic notice (a “Connection Notice”) to Customer
upon installation of Service, at which time billing will commence (“Service
Commencement Date”), regardless of whether Customer is prepared to accept
delivery of Service. If Customer notifies APEX within 3 days after delivery of
the Connection Notice that Service is not functioning properly (and such Service
is not functioning properly), APEX will correct any deficiencies and, upon
Customer’s request, credit Customer’s account in the amount of 1/30 of the
applicable MRC for each day the Service did not function properly.

     

    2.2           Payment
of Invoices and Disputes. Invoices are delivered
monthly and due 30 days after the date of invoice. Fixed charges are billed in
advance and usage-based charges are billed in arrears. Billing for partial
months is prorated. Past due amounts bear interest at 1.5% per month or the
highest rate allowed by law (whichever is less). Customer is responsible for all
charges respecting the Service, even if incurred as the result of unauthorized
use. If Customer reasonably disputes an invoice, Customer must pay the
undisputed amount and submit written notice of the disputed amount (with details
of the nature of the dispute and the Services and invoice(s) disputed). Disputes
must be submitted in writing within 90 days from the date of the invoice. If the
dispute is resolved against Customer, Customer shall pay such amounts plus
interest from the date originally due.

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

     

    2.3           Taxes and
Fees. Except for
taxes based on APEX’s net income, Customer will be responsible for all taxes and
fees that arise in any jurisdiction, including value added, consumption, sales,
use, gross receipts, foreign withholding (which will be grossed up), excise,
access, bypass, franchise or other taxes, fees, duties, charges or surcharges
imposed on or incident to the provision, sale or use of Service (whether imposed
on APEX or any affiliate of APEX). Such charges may be shown on invoices as cost
recovery fees. Charges for Service are exclusive of taxes. Customer may present
APEX a valid exemption certificate and APEX will give effect thereto
prospectively.

     

    2.4           Regulatory
and Legal Changes. If any change in applicable law,
regulation, rule or order materially affects delivery of Service, the parties
will negotiate appropriate changes to this Agreement. If the parties are unable
to reach agreement within 30 days after APEX’s delivery of written notice
requesting renegotiation: (a) APEX may pass any increased costs relating to
delivery of Service through to Customer and (b) if APEX does so, Customer may
terminate the affected Service without termination liability by delivering
written notice to APEX within 30 days.

     

    2.5           Cancellation
and Termination Charges.

     

    (A)           Customer
may cancel a Customer Order (or portion thereof) prior to delivery of the
Connection Notice upon written notice to APEX identifying the affected Customer
Order and Service. If Customer does so, Customer shall pay APEX a cancellation
charge equal to the sum of: (i) for “off-net” Service, third party termination
charges for the cancelled Service, (ii) for “on-net” Service, 1 month’s monthly
recurring charges for the cancelled Service; (iii) the non-recurring charges for
the cancelled Service; and (iv) APEX’s out of pocket costs (if any) incurred in
constructing facilities necessary for Service delivery.

     

    (B)           Customer
may terminate Service after delivery of the Connection Notice upon 30 days’
written notice to APEX identifying the terminated Service. If Customer does so,
or if Service is terminated by APEX as the result of an uncured default by
Customer, Customer shall pay APEX a termination charge equal to the sum of: (i)
all unpaid amounts for Service provided through the date of termination; (ii)
100% of the remaining monthly recurring charges for months 1-12 of the Service
Term; and (iii) 50% of the remaining monthly recurring charges for month 13
through the end of the Service Term. The parties agree that the charges in this
Section are a genuine estimate of APEX’s actual damages and are not a
penalty.

     

    ARTICLE 3.
DEFAULT

     

    If (A)
Customer fails to make any payment when due and such failure continues for 5
business days after written notice from APEX, or (B) either party fails to
observe or perform any other material term of this Agreement and such failure
continues for 30 days after written notice from the other party, then the
non-defaulting party may: (i) terminate this Agreement and/or any Customer
Order, in whole or in part, and/or (ii) subject to Section 4.1, pursue any
remedies it may have at law or in equity.

     

    ARTICLE 4. LIABILITIES AND
SERVICE LEVELS

     

    4.1           No
Special Damages.
Neither party shall be liable for any damages for lost profits, lost
revenues, loss of goodwill, loss of anticipated savings, loss of data or cost of
purchasing replacement services, or any indirect, incidental, special,
consequential, exemplary or punitive damages arising out of the performance or
failure to perform under this Agreement or any Customer Order.

     

    4.2           Disclaimer
of Warranties.
APEX MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, EITHER
IN FACT OR BY OPERATION OF LAW, STATUTORY OR OTHERWISE, INCLUDING WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE, EXCEPT THOSE EXPRESSLY SET
FORTH IN THIS AGREEMENT OR ANY APPLICABLE SERVICE SCHEDULE.

     

    4.3           Service
Levels. The
“Service Level” commitments applicable to the Services are found in APEX’s
Service Schedules for each Service. If APEX does not achieve a Service Level, a
credit will be issued to Customer as set forth in the applicable Service
Schedule upon Customer’s request. APEX’s maintenance log and trouble ticketing
systems will be used for calculating any Service Level events. To request a
credit, Customer must contact APEX Customer Service (contact information can be
found at  www.apextelecom.com) or deliver a
written request (with sufficient detail necessary to identify the affected
Service) within 60 days after the end of the month in which the credit was
earned. In no event shall the total credits issued to Customer per month exceed
the non-recurring and monthly recurring charges for the affected Service for
that month. Customer’s
sole remedies for any outages, failures to deliver or defects in Service are
contained in the Service Levels applicable to the affected
Service.

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

     4.4           Right of
Termination for Installation Delay. In lieu of any Service Level
credits for installation delays, if APEX’s installation of Service is delayed
for more than 30 business days beyond the Customer Commit Date, Customer may
terminate the affected Service upon written notice to APEX and without payment
of any applicable termination charge, provided such written notice is delivered
prior to APEX delivering a Connection Notice for the affected Service. This
Section shall not apply to any Service where APEX has agreed to construct
network facilities in or to a new location not previously served by
APEX.

     

    ARTICLE 5. GENERAL
TERMS

     

    5.1           Force
Majeure. Neither
party shall be liable, nor shall any credit allowance or other remedy be
extended, for any failure of performance or equipment due to causes beyond such
party’s reasonable control (“force majeure event’). In the event APEX is unable
to deliver Service as a result of a force majeure event, Customer shall not be
obligated to pay APEX for the affected Service for so long as APEX is unable to
deliver the affected Service. Force majeure events along with scheduled
maintenance under section 1.4 shall be considered “Excused
Outages.”

     

    5.2           Assignment
and Resale.
Customer may not assign its rights or obligations under this Agreement or
any Customer Order without the prior written consent of APEX, which will not be
unreasonably withheld. This Agreement shall apply to any permitted transferees
or assignees. Customer may resell or otherwise provide the Service to third
parties, provided that Customer shall indemnify, defend and hold APEX and its
affiliates harmless from any claims arising from any Services resold or
otherwise provided by Customer. If Customer resells telecommunications services,
Customer certifies that it has filed all required documentation and will at all
relevant times have the requisite authority with appropriate regulatory agencies
respecting the same. Nothing in this Agreement, express or implied, is intended
to or shall confer upon any third party any right, benefit or remedy of any
nature whatsoever under or by reason of this Agreement.

     

    5.3           Affiliates. Service may be provided to
Customer pursuant to this Agreement by an affiliate of APEX, but APEX shall
remain responsible to Customer for the delivery and performance of the Service.
Customer’s affiliates may purchase Service pursuant to this Agreement. Customer
shall be jointly and severally liable for all claims and liabilities related to
Service ordered by any Customer affiliate, and any default under this Agreement
by any Customer affiliate shall also be a default by Customer.

     

    
      5.4           Notices.
All notices shall be in writing and sufficient and received
if delivered in person, or when sent via facsimile, pre-paid overnight courier,
electronic mail (if an e-mail address is provided below) or sent by U.S. Postal
Service (or First Class International Post (as applicable)), addressed as
follows:

    

    
    

     

    
      	 	 IF TO
      APEX:  	 IF TO
  CUSTOMER:
	 	 	 	 
	 	 For
      all notices	 
	 	 	 
	 	 
      	
              APEX
      Telecom Inc

            	
              Apextalk,
      Inc.

            
	 	 
      	 
      	 
      
	 	 
      	
              113
      10th
      Street.

              Oakland,
      CA 94607

              Facsimile:
      (510) 251-2442

            	
              637
      Howard Street

              San
      Francisco, CA 94105

              fax:
      415 777 3646

            
	 	 
      	 
      	 
      

    

     

    Either
party may change its notice address upon notice to the other party. All notices
shall be deemed to have been given on (i) the date delivered if delivered
personally, by facsimile or e-mail (one business day after delivery if delivered
on a weekend or legal holiday), (ii) the business day after dispatch if sent by
overnight courier, or (iii) the third business day after posting if sent by U.S.
Postal Service (or other applicable postal delivery service).

     

    5.5           Acceptable
Use Policy; Data Protection. Customer’s use of Service
shall comply with APEX’s Acceptable Use Policy and Privacy Policy, as
communicated in writing to Customer from time to time and which are also
available through APEX’s web site at www.apextelecom.com. APEX may transfer,
process and store billing and utilization data and other data necessary for
APEX’s operation of its network and for the performance of its obligations under
this Agreement to or from the United States. Customer consents that

     

    APEX may
(i) transfer, store and process such data in the United States; and (ii) use
such data for its own internal purposes and as allowed by law. This data will
not be disclosed to third parties.

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    5.6           Marks and Publicity; Non-Disclosure. Neither party shall have the right to use the other party’s or
its affiliates’ trademarks, service marks or trade names without the prior
written consent of the other party. Neither party shall issue any press release
or other public statement relating to this Agreement, except as may be required
by law or agreed between the parties in writing. Any information or
documentation disclosed between the parties during the performance of this
Agreement (including this Agreement) shall be subject to the terms and
conditions of the applicable non-disclosure agreement then in effect between the
parties.

     

    5.7           Governing
Law; Amendment. This
Agreement shall be governed and construed in accordance with the laws of the
State of California, without regard to its choice of law rules. This Agreement,
including any Service Schedule(s) and Customer Order(s) executed hereunder,
constitutes the entire and final agreement and understanding between the parties
with respect to the Service and supersedes all prior agreements relating to the
Service. This Agreement may only be modified or supplemented by an instrument
executed by an authorized representative of each party. No failure by either
party to enforce any right(s) hereunder shall constitute a waiver of such
right(s).

     

    
      	
              5.8

            	
              Relationship
      of the Parties.
      The relationship between Customer and APEX shall not be that of
      partners, agents, or joint venturers for one another, and nothing
      contained in this Agreement shall be deemed to constitute a partnership or
      agency agreement between them for any
purposes.

            

    

     

    
      	
              5.9

            	
              Counterparts. This Agreement may be
      executed in one or more counterparts, all of which taken together shall
      constitute one and the same instrument. Facsimile signatures shall be
      sufficient to bind the parties to this Agreement.

               

            

    

    
      	
              APEX
      Telecom Inc (“APEX”)

            	 	
              Apextalk,
      Inc.

            
	 
      	 
      	 	 
      	 
      
	
              By

            	
              /s/ Hong Wory

            	 	
              By

            	
              /s/
      Tony Lee

            
	 	 	 	 	 
	 Name
      	Hong
      Wory	 	 Name	 Tony
      Lee
	 	 	 	 	 
	 Title	 CEO	 	 Title	 CEO

    

     

     

     

    -4-

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