Document:

Exhibit 10.6

 

 

Professional
Service Agreement

 

This Professional Services Agreement (“Agreement”)
is made on June 1, 2016 (the “Effective Date”) by and between:

 

Party
A: 360 Mobile Security Limited

 

with
the address of UNIT 806 TOWER 2  8/F ,CHENG SHA WAN PLAZA,833 CHEUNG SHA WAN ROAD, KL, HongKong.

 

Party
B: Opera Software AS

 

with the address of Gjerdrums
vei 19, NO-0484 Oslo, Norway.

 

Party A and Party B are collectively
referred to herein as the “Parties”, and each individually as a “Party”.

 

The two sides in the principle of voluntary
and equality agree to come into the following agreement.

 

		1.	APPOINTMENT

 

		1.1	Party B hereby appoints Party A as its advertising service provider entitled to provide services
related to promoting Party B’s digital products and services worldwide. In furtherance of the foregoing, Party A shall engage
with media owners/sales houses, for the negotiation of terms of sale, signature of the commercial agreement, advertising space
booking, advertising space buying, signature of the order form, management and follow-up of the order form, management and supervision
of the invoicing and payment for the media owners or beneficiaries.

 

		1.2	Party A shall provide Party B with view access to its Facebook and Google advertising accounts
used to perform paid user acquisition campaigns related to the promotion of Party B’s products. Party A shall comply with
Party B’s instructions and applicable law with respect to the content of user acquisition campaigns. Party A shall share,
upon request, any running and/or planned ad creatives with Party B. Party B shall be entitled to stop any creatives that are deemed
inappropriate or in violation of Party B’s policies.

 

		1.3	The Parties are independent contractors. Nothing in this Agreement will be deemed to create an
agency, employment, partnership, fiduciary or joint venture relationship between the Parties. Party A shall engage with its suppliers
in its own name. Party A will not have, and will not represent to any third party that Party A has, any authority to act on behalf
of Party B.

 

		2.	ADVERTISING SPEND BUDGETS

 

		2.1	Once per calendar quarter, Party B shall provide Party A with a maximum spend amount (the “Quarterly
Spend Cap”). Party B shall specify such Quarterly Spend Cap in a Purchase Order issued to Party A.

 

		2.2	Party A shall, on a weekly basis, seek approval from Jorgen Arnesen (or such other Party B employee
as Party B may designate in writing) on behalf of Party B in writing (email being sufficient) of Party A’s expected weekly
costs and the expected CPI rates by product and market and on which networks (e.g., Google, Facebook, 3rd parties). Party B shall
provide feedback on the budget level approved for such week. The weekly budget approved by Party B as described in this Section
2.2 shall be the “Weekly Budget.”

 

     

     

    

 

		2.3	Party A shall use reasonable efforts not to exceed the Weekly Budget in any calendar week. Party
A shall not exceed the Quarterly Spend Cap in any calendar quarter and the amount payable by Party B pursuant to this Agreement
for any calendar quarter shall not exceed the relevant Quarterly Spend Cap.

 

		3.	PAYMENT

 

		3.1	In return for the services that Party A performed under the scope of this Agreement and with respect
to the promotion of Party B’s products, Party B shall pay to Party A a service fee equal to Party A’s total expenses
incurred in providing the services (including expenses paid to publishers/ad agencies/sales houses, all sorts of production costs,
research costs/expenses, communication costs/expenses, marketing costs/expenses, etc.). The amount payable by Party B for any calendar
quarter shall not exceed the Quarterly Spend Cap specified by Party B in its Purchase Order.

 

		3.2	Party A shall send Party B invoices on a monthly basis for services performed in the previous month.
Party A’s invoices shall be submitted along with a report of costs and installs broken down
by product. 

 

		3.3	Payments shall be executed by Party B
                                         via bank transfer within forty-five days of Party B’s receipt of Party A’s
                                         true and accurate invoice. Party A shall submit its invoice by email to opera.software@bscs.basware.com,
                                         other communications: ap-help@opera.com

 

		3.4	Party B shall pay Party A the following amount for Party A’s services provided between June
1, 2016 and October 31, 2016:

 

		a.	For user acquisition services: $3,280,104 United States Dollars; and

 

		b.	For creative services in producing a television commercial: $938,488 United States Dollars.

 

Party A shall issue an invoice
for the foregoing amounts and Party B shall pay such amount as specified in Section 3.3 above. The foregoing amount shall be in
full satisfaction of any amounts owed to Party A for its services provided or performed on or prior to October 31, 2016.

 

		4.	3.5Party B shall pay amounts owed under this agreement to the bank account specified in Party
A’s invoice. Any payments under this Agreement shall be made in USD.TERM

 

The term of this Agreement shall
commence on the Effective Date and continue until May 31, 2017 (the “Term”). The Term may be renewed by mutual
written agreement of the Parties hereto made at least 10 days prior to the expiration of the Term. This Agreement may be terminated
at any time by either Party on thirty (30) days advance, written notice to the other Party.

 

		5.	LICENSES

 

		5.1	Party A is hereby granted a revocable, non-sublicensable, non-exclusive license to use the the
trademarks and logos placed on the promoted products and associated marketing materials by Party B (“Opera Marks”)
solely in connection with the marketing and promotional activities described in this Agreement. Party A’s use of the Opera
Marks shall be subject to Party B’s Trademark Guidelines available at http://brand.opera.com/brandbook. Party A acknowledges
that it shall acquire no proprietary rights whatsoever in and to the Opera Marks, which shall remain Party B’s sole and exclusive
property for its unlimited exploitation and all use and acquired goodwill shall inure to Party B’s sole benefit.

 

		5.2	Party A hereby grants to Party B a perpetual, irrevocable, worldwide, non-exclusive, limited license
to all creatives created by Party A for Party B’s use in promoting its products through its own channels.

 

     

     

    

 

		6.	CONFIDENTIALITY

 

6.1“Confidential
Information” means non-public information that a Party or its affiliates (“disclosing Party”) discloses to the
other Party or its affiliates (“receiving Party”) which is designated as being ‘proprietary’ or ‘confidential’
or which by its nature or the circumstances reasonably ought to be treated as confidential. Confidential Information includes the
disclosing Party’s software and prototypes and information relating to the disclosing Party’s business affairs, including
business methods, marketing strategies, pricing, competitor information, product development strategies, and financial results.
Confidential Information does not include information which (a) is known by the receiving Party, free of any obligation to keep
it confidential; (b) is at the time of disclosure, or thereafter becomes, publicly available through no wrongful act of the receiving
Party; (c) is independently developed by the receiving Party, without relying on or referring to the Confidential Information of
disclosing Party; or (d) is approved for release by prior written authorization of the disclosing Party.

 

		6.2	Neither Party shall disclose the other Party’s Confidential Information to any third party
or use Confidential Information for any purpose other than for the proper fulfillment of this Agreement. Each Party undertakes
to safeguard the Confidential Information of the other Party with the same degree of care as it would apply to its own Confidential
Information and, in any case, with no less than reasonable care. Such obligations will survive the expiration of this Agreement
for a period of five (5) years.

 

		7.	DATA PRIVACY

 

Any access by Part A to any
personal data of Party B or its users shall be treated in accordance with the Standard Contractual Clauses data transfer agreement
previously entered into by and between Party A and Party B on May 19, 2016, which agreement is incorporated herein by this reference.

 

		8.	GENERAL

 

		8.1	Neither Party shall be responsible for any failure to perform due to unforeseen circumstances or
to causes beyond that Party’s control, including but not limited to acts of God, war, riot, embargoes, acts of civil or military
authorities, fire, floods, accidents, strikes, or shortages of energy, labor or materials. In the event of any such circumstances,
the defaulting Party shall be excused for a period equal to the time of the delay caused thereby.

 

		8.2	This Agreement may not be assigned or transferred by either Party without the other Party’s
written consent, which shall not be unreasonably withheld.

 

		8.3	If any provision of this Agreement is held to be invalid or unenforceable for any reason, the remaining
provisions will continue in full force and effect. The waiver by either Party of a breach of any provision of this Agreement will
not operate or be interpreted as a waiver of any other or subsequent breach.

 

		8.4	This Agreement, together with the SOWs executed hereunder, constitute the entire agreement between
the Parties and supersedes all other agreements or arrangements between the Parties in relation to the subject matter of this Agreement.

 

     

     

    

 

		8.5	This Agreement (and any question about its subsistence, effect or termination) is to be interpreted
in accordance with the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong
Kong”), except that body of laws controlling conflict of laws. In the event of a dispute arising out of or relating to this
Agreement (including non-contractual disputes or claims), the Parties shall first seek settlement of the dispute by negotiation
between senior executives of the parties. If they are unable to settle the dispute within thirty (30) days, or such other period
as the Parties shall agree in writing, the dispute including any question regarding the subject matter of this Agreement, its existence,
its validity or termination, and any non-contractual disputes or claims relating thereto shall exclusively be referred to and be
settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre under the Hong Kong International Arbitration
Centre Administered Arbitration Rules (the “Rules”) in force when the Notice of Arbitration is submitted in accordance
with these Rules. The number of arbitrators shall be three. The arbitration proceedings shall be conducted in English.

 

This agreement is in duplicate, each party
has one original copy. This Agreement shall come into force from the date on which the parties sign and affix their seals.

 

Party A

 

Signature:

 

Date:

Seal : 360 Mobile
Security Limited

 

 

Party B
     Opera Software AS

	Signature:		/s/ Joakim Kasbohm/VP Global FP&A

 

	Date:		November 3, 2016

	Seal:		Opera Software AS Registration No. 916368127

 

     

     

    
 

SF 7381

Renewal Agreement to the Professional
Service Agreement

To Whom It May Concern:

As you are aware, on November 3rd 2016, Opera Software AS
and 360 Mobile Security Limited entered into a Professional Services Agreement (the "Agreement"). The purpose of this
letter is to confirm that the Parties agree to amend §4 of the Agreement, extending the Term thereof from May 31st,
2017 to December 31st, 2018.

To confirm this renewal, please sign and affix the appropriate
seal in the space provided below and return this letter to us at your earliest convenience.

Best,

 

Colin Keith Thomsen | Legal Counsel

Opera Software AS

 

 

Signatures

 

360 Mobile Security Ltd

Signature: 360 Mobile Security Limited

Date:

Seal:

Opera Software AS

	Signature:		/s/ Joakim Kasbohm - VP Finance

 

	Date:		November 13, 2017

 

Seal:Exhibit 10.7

 

SERVICE AGREEMENT

  

This Service Agreement (“Agreement”)
is effective November 01, 2017 (“Effective Date”) and entered into by and between:

 

OPAY DIGITAL SERVICES LIMITED, a company
incorporated under the laws of Hong Kong with address at Suite 3201, Jardine House, 1 Connaught Place, Central, Hong Kong (“Company”);
and

 

OPERA SOFTWARE AS, a company incorporated
under the laws of the Kingdom of Norway with its principal place of business at Gjerdrums vei 19, NO-0484 Oslo, Norway (“Contractor”).

 

Company and Contractor are individually
referred to herein each as a “Party” and collectively as the “Parties.”

 

In consideration of their mutual promises,
the Parties hereby agree as follows:

 

		1.	DEFINITIONS

 

		1.1	“Affiliate” means, with respect to each Party, any entity which directly or
indirectly controls, is controlled by or is under common control with, such Party; where “controls”, “controlled”
or “control” means the power to direct or cause the direction of the management or policies of an entity whether through
the ownership of securities, by contract or otherwise, including but not limited to ownership of or control over more than 50%
(fifty percent) of the voting power in a legal entity.

 

		1.2	“Amendment” means an additional agreement to be entered into by the Parties
further clarifying Intellectual Property Rights ownership and other issues related to the Parties’ cooperation.

 

		1.3	“Confidential Information” means non-public information that a Party or its
Affiliates (“disclosing Party”) discloses to the other Party or its Affiliates (“receiving Party”) which
is designated as being ‘proprietary’ or ‘confidential’ or which by its nature or the circumstances reasonably
ought to be treated as confidential. Confidential Information includes the disclosing Party’s software and prototypes and
information relating to the disclosing Party’s business affairs, including business methods, marketing strategies, pricing,
competitor information, product development strategies, and financial results. Confidential Information does not include information
which (a) is known by the receiving Party, free of any obligation to keep it confidential; (b) is at the time of disclosure, or
thereafter becomes, publicly available through no wrongful act of the receiving Party; (c) is independently developed by the receiving
Party, without relying on or referring to the Confidential Information of disclosing Party; or (d) is approved for release by prior
written authorization of the disclosing Party.

 

		1.4	“Contractor Products” means Contractor’s web browsing and news aggregation
software applications and related services, as well as any other or additional products or services developed by Contractor, but
expressly excluding the Company Products.

 

		1.5	“Labor Costs” means the sum of all direct and indirect labor costs utilized
in providing the Services, including social security and payroll taxes.

 

		1.6	“Other Costs” means the sum of: (a) the cost of all supplies, materials, consumables,
and components utilized by Contractor in rendering the Services; plus (b) an appropriate proportion of indirect overheads including,
but not limited to, building and equipment depreciation, engineering overhead; quality control and assurance; administration and
finance.

 

		1.7	“Intellectual Property Rights” means any copyrights, trademarks, service marks,
trade names and domain names, rights to goodwill or to sue for passing off or unfair competition, rights in confidential information
(including know-how and trade secrets), patents, patent applications, other patent rights, moral rights, design rights, rights
in computer software, database rights, contractual rights of non-disclosure or any other intellectual property or proprietary rights,
in each case whether registered or unregistered and including all applications (or rights to apply) for, and renewals or extensions
of, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future
in any part of the world.

 

    1 

     

    

 

		1.8	“Corporate Services” means management, marketing and support services including:
(a) accounting and financial services, such as payroll, reporting, budgeting, tax and treasury services; (b) legal services, such
as contract management and negotiation, record keeping and procuring of legal advice; (c) information technology services, including
the provision of IT support, procurement, hosting, and archiving; (d) human resource management, including specifying procedures
and recruiting; (e) business operation services, including identification of opportunities, marketing and support.

 

		1.9	“Company Products” means: (a) the “O-Pay” payment facilitation platform,
including all websites and software applications associated therewith; (b) the “O-Kash” lending platform, including
all websites and software applications associated therewith; and (c) other similar financial technology products as may be developed
by or for Company now or in the future.

 

		1.10	“Services” means the Technology Services and Corporate Services performed by
Contractor under this Agreement.

 

		1.11	“Technology Services” means the technology services provided by Contractor hereunder,
including but not limited to: (a) research and development; (b) non-recurring engineering, including customization or other modifications
of software or any other related products based on customer requests; (c) technical support, installation or configuration; and
(d) such other services as may be requested by Company from time to time.

 

		1.12	“Work Product” means all Intellectual Property Rights, in any stage of development
that a Contractor conceives, creates, develops, or reduces to practice in connection with performance of the Technology Services,
and all tangible embodiments (including models, presentations, prototypes, reports, samples, and summaries) of such Intellectual
Property Rights, but in all case excluding Intellectual Property Rights in the Contractor Products.

  

		2.	THE CONSULTANCY SERVICES 

  

		2.1	Company hereby engages Contractor to provide Services to Company on a work-for-hire basis, and
Contractor hereby accepts such engagement. Contractor shall be entitled to subcontract or otherwise delegate its obligations under
this Agreement to Contractor’s affiliates.

  

		2.2	The Company shall provide Contractors with the assistance necessary in order for Contractors to
provide the Services in the intended manner. Such assistance shall be provided by the Company upon the reasonable request of Contractors.

  

		2.3	Company shall be entitled to assign or novate this Agreement and all of Company’s rights
and obligations hereunder to its Affiliate OneSpot Technology Investment Limited.

  

		3.	COMPENSATION 

  

		3.1	Subject to the terms and conditions of
this Agreement, Company will pay Contractor a service fee calculated as: 

		(a)	Labor Costs incurred in providing the Technology Services,
plus a mark-up of eight percent (8%); PLUS 

		(b)	(b) Labor Costs incurred in providing the Corporate Services,
plus a mark-up of five percent (5%); PLUS 

		(c)	(c) all Other Costs incurred in providing the Services, plus
a mark-up of five percent (5%) 

 

    2 

     

    

 

(collectively,
the “Service Fee”). The Service Fee shall be Contractor’s sole and complete compensation for all Services performed
by Contractor under this Agreement.

  

		3.2	Contract shall provide Company with a report and invoice on a quarterly
or monthly basis as may be agreed by the Parties. Payments to Contractor will be due thirty (30) days following Company’s
receipt of Contractor’s true and accurate invoice. Upon late payment of any remuneration under this Agreement, the Contractors
shall be entitled to interest on overdue payment according to applicable legislation.

  

		4.	INTELLECTUAL PROPERTY RIGHTS

  

		4.1	All Intellectual Property Rights in and to the Company Products shall be and remain the sole and
exclusive Property of Company. Contractor agrees that all Work Product created in the course of providing the Technology Services
will be the sole and exclusive property of Company. Contractor irrevocably assigns to Company all right, title and interest worldwide
in and to the Work Product and all applicable Intellectual Property Rights related to the Work Product. Contractor understands
and agrees that it has no right to use the Work Product, except as necessary to perform the Services for Company.

  

		4.2	Notwithstanding the foregoing, all Intellectual Property Rights in and to the Contractor Products
shall be and remain the sole and exclusive property of Contractor. Nothing in this Agreement shall be deemed or construed as an
assignment by Contractor of any of its Intellectual Property Rights in or to the Contractor Products.

  

		4.3	Following the Initial Term (as defined below) the Parties will use commercially reasonable efforts
to conclude an Amendment further clarifying their Intellectual Property Rights in their respective products.

  

		5.	WARRANTIES

  

		5.1	Each Party represents and warrants that it has, and will retain during the Term hereof, all right,
title and authority to enter into this Agreement, and to perform all of its obligations under this Agreement.

 

		5.2	Contractor represents and warrants that Contractor is not subject to any contract or duty that
would be breached by Contractor’s entering into or performing Contractor’s obligations under this Agreement or that
is otherwise inconsistent with this Agreement.

  

		6.	TERM AND TERMINATION 

  

		6.1	This Agreement shall commence on the Effective Date and continue until March 31, 2018 (“Initial
Term”). Following the Initial Term, the Parties may enter into an Amendment extending this Agreement for an additional
period of time (an “Additional Term”). The Initial Term and any Additional Term shall constitute the “Term”
of this Agreement.

 

		6.2	A Party may terminate this Agreement at any time with or without cause for its convenience, effective
upon sixty (60) calendar days notice to the other Party.

 

		6.3	A Party may terminate this Agreement immediately upon written notice to the other Party if such
other Party breaches the Agreement or the Statement of Work, as the case may be, and does not fully cure such breach within ten
(10) calendar days after receiving written notice of the breach from the non-breaching Party.

  

		7.	CONFIDENTIALITY

  

Neither Party shall disclose the
other Party’s Confidential Information to any third party or use Confidential Information for any purpose other than for
the proper fulfillment of this Agreement. Each Party undertakes to safeguard the Confidential Information of the other Party with
the same degree of care as it would apply to its own Confidential Information and, in any case, with no less than reasonable care.
Such obligations will survive the expiration of this Agreement for a period of five (5) years.

 

    3 

     

    

 

		8.	MISCELLANEOUS

  

		8.1	Contractor’s relation to Company under this Agreement is that of an independent contractor.
Nothing in this Agreement is intended or should be construed to create a partnership, joint venture, or employer-employee relationship
between Company and Contractor. Neither Party will take any position with respect to or on any tax return or application for benefits,
or in any proceeding directly or indirectly involving this Agreement, that is inconsistent with Contractor being an independent
contractor (and not an employee) of Company.

  

		8.2	IN NO EVENT WILL EITHER PARTY BE LIABLE FOR ANY CONSEQUENTIAL, INDIRECT, EXEMPLARY, SPECIAL, OR
INCIDENTAL DAMAGES ARISING FROM OR RELATING TO THIS AGREEMENT. NEITHER PARTY’S TOTAL CUMULATIVE LIABILITY IN CONNECTION WITH
THIS AGREEMENT, WHETHER IN CONTRACT OR TORT OR OTHERWISE, WILL EXCEED THE AGGREGATE AMOUNT OF FEES AND EXPENSES PAID BY COMPANY
TO CONTRACTOR FOR SERVICES PERFORMED UNDER THIS AGREEMENT DURING THE TWLEVE MONTH PERIOD IMMEDIATELY PRECEDING THE EVENTS GIVING
RISE TO THE CLAIM.

  

		8.3	This Agreement (and any question about its subsistence, effect or termination) is to be interpreted
in accordance with the laws of Norway, save for that body of law which governs the conflict of laws. The courts of Norway shall
have exclusive jurisdiction to settle any dispute between the Parties whether arising in connection with this agreement or otherwise.
Any suit shall be brought before the courts of Oslo, Norway. The United Nations Convention on Contracts for the International Sale
of Goods does not apply to this Agreement.

  

		8.4	If any provision of this Agreement is, for any reason, held to be invalid or unenforceable, the
other provisions of this Agreement will be unimpaired and the invalid or unenforceable provision will be deemed modified so that
it is valid and enforceable to the maximum extent permitted by law.

  

		8.5	All waivers must be in writing and signed by the Party to be charged. Any waiver or failure to
enforce any provision of this Agreement on one occasion will not be deemed a waiver of any other provision or of such provision
on any other occasion.

  

		8.6	This Agreement is the final, complete, and exclusive agreement of the Parties with respect to the
subject matter hereof and supersedes and merges all prior or contemporaneous communications and understandings between the Parties.
No modification of or amendment to this Agreement will be effective unless in writing and signed by the Party to be charged.

  

In
Witness Whereof, the Parties have executed this Agreement as of the Effective Date.

 

	Company	 	Contractor
	 	 	 	 	 
	Signed:  	/s/ Rian Philip Cochran	 	Signed:  	/s/ Joakim Kasbohm 
	 	 	 	 	 
	Name:	Rian Philip Cochran	 	Name:	Joakim Kasbohm
	 	 	 	 	 
	Title:	Director	 	Title:	VP Finance

 

 

    4

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