Document:

vemanti_ex107.htm

EXHIBIT 10.7
  
 August 05, 2019
   
 Vemanti Group, Inc.
    
 AND
   
 Fvndit, Inc.
   
 LOAN AGREEMENT
   
 	 
	Page 1 of 14
	

	 

 
    
 LOAN AGREEMENT No [LA-050820192VG]
    
 This Loan Agreement (“Agreement”) is made and executed on 9 August 2019 by and between:
  
 	 1. 
	Vemanti Group, Inc., a company duly established and existing under the laws of the State of Nevada with the company registration number NV20141233800, having its registered address at 7545 Irvine Center Dr., Ste. 200, Irvine, CA 92618, USA (hereinafter referred to as “Lender”); and
	  
	  

	 2. 
	Fvndit, Inc, a company duly established and existing under the laws of the State of Nevada with the company registration number NV20181371588, having its registered address at 7545 Irvine Center Dr., Ste. 200, Irvine, CA 92618, USA (hereinafter referred to as “Borrower”);

 
   
 each of the above referred to as a “Party” and collectively as the “Parties”.
   
 RECITALS:
     
 	 A. 
	The Lender agrees to provide the Loan (as defined below) to support the Project (as defined below) and the Borrower accepts the Loan from the Lender and agrees to use it to solely for the purposes of supporting the Project.
	  
	  

	 B. 
	The Parties have agreed to enter into this Agreement to set out the terms regarding the Loan.

 
    
 IT IS AGREED as follows:
    
 1 DEFINITION AND INTERPRETATION
  
 	 1.1 
	In this Agreement, the following expressions shall have the following meanings:

 
     
 	  
	 “Agreement”
	 means this document including the attachments hereto;

	  
	  
	  

	  
	 “Borrower”
	 means Fvndit Inc., as specified in the preamble of this Agreement;

	  
	  
	  

	  
	 “Business Day”
	 means any day other than Saturday, Sunday or any national holiday in the US;

	  
	  
	  

	  
	 “Confidential Information”
	 has the meaning given to that term in Article 7.1 of this Agreement;

	  
	  
	  

	  
	 “eLoan”
	 means the trade name of the Borrower’s wholly-owned subsidiary, eLoan, JSC, in Vietnam;

	  
	  
	  

	  
	 “Defaulting Party”
	 has the meaning given to that term in Article 9.3 of this Agreement;

	  
	  
	  

	  
	 “Drawdown Notification”
	 has the meaning given to that term in Article 3.3 of this Agreement;

 
   
 	 
	Page 2 of 14
	

	 

 
   
 	  
	 “Drawdown Procedure” 
	 has the meaning given to that term in Article 3.4 of this Agreement;

	  
	  
	  

	  
	 “Effective Date”
	 has the meaning given to that term in Article 2 of this Agreement;

	  
	  
	  

	  
	 “Event of Default”
	 has the meaning given to that term in Article 9.1 of this Agreement;

	  
	  
	  

	  
	 “Interest”
	 has the meaning given to that term in Article 4.1 of this Agreement;

	  
	  
	  

	  
	 “Lender”
	 means Vemanti Group as specified in the preamble of this Agreement;

	  
	  
	  

	  
	 “Loan”
	 means the aggregate of all amounts disbursed to the Borrower under this Agreement, minus the aggregate amount of repayments of principal made by the Borrower to the Lender in accordance with the terms of this Agreement;

	  
	  
	  

	  
	 “Non-Defaulting Party”
	 has the meaning given to that term in Article 9.3 of this Agreement;

	  
	  
	  

	  
	 “Notice”
	 has the meaning given to that term in Article 8.1 of this Agreement;

	  
	  
	  

	  
	 “Outstanding Amount”
	 means the Loan together with any Interest, fees, costs and charges being payable by the Borrower to the Lender in the manner as set out under Article 5 of this Agreement;

	  
	  
	  

	  
	 “Period”
	 has the meaning given to that term in Article 2 of this Agreement;

	  
	  
	  

	  
	 “Principal Amount”
	 means the sum in the amount of up to USD 200,000.00 (Two Hundred Thousand United States Dollar) disbursed by the Lender to the Borrower to be used by the Borrower solely for the Project;

	  
	  
	  

	  
	 “Project”
	 means the peer-to-peer business lending platform operating in Vietnam to be carried out by eLoan;

	  
	  
	  

	  
	 “Remedial Period”
	 has the meaning given to that term in Article 9.3 of this Agreement;

	  
	  
	  

	  
	 “Tax” or “Taxation”
	 includes all forms of taxation, estate duties, deductions, withholdings, duties, imposts, levies, fees, charges, VAT and rates imposed, levied, collected, withheld or assessed by any local, municipal, regional, provincial, urban, governmental, state, national or other body in the US or elsewhere and any interest, additional taxation, penalty, surcharge or fine in connection therewith;

	  
	  
	  

	  
	 “USD”
	 means United States Dollar, the lawful currency of the United States of America and its territories .

 
     
 	 
	Page 3 of 14
	

	 

 
     
 	 1.2 
	In this Agreement:

 
  
 	  
	 1.2.1 
	reference to any gender includes all genders, references to the singular include the plural (and vice versa), and references to persons or parties include bodies corporate, unincorporated associations and partnerships (whether or not any of the same have a separate legal personality);
	  
	  
	  

	  
	 1.2.2 
	reference to a statutory provision includes reference to:

 
  
 	  
	 1.2.2.1 
	any order, regulation, statutory instrument or other subsidiary legislation at any time made under it for the time being in force (whenever made);
	  
	  
	  

	  
	 1.2.2.2 
	any modification, amendment, consolidation, re-enactment or replacement of it or provision of which it is a modification, amendment, consolidation, re-enactment or replacement;

 
    
 	  
	 1.2.3 
	reference to a clause or schedule is to a clause of, or schedule to, this Agreement, and reference to a paragraph is to a paragraph of a schedule to this Agreement;
	  
	  
	  

	  
	 1.2.4 
	reference to the Parties to this Agreement includes their respective successors, permitted assigns and personal representatives;
	  
	  
	  

	  
	 1.2.5 
	the contents list, headings, and any descriptive notes are for ease of reference only and shall not affect the construction or interpretation of this Agreement; and
	  
	  
	  

	  
	 1.2.6 
	any phrase introduced by the terms “including”, “include”, “in particular” or any other similar expression shall be construed as illustrative and shall not limit the sense of the words preceding these terms.

 
    
 2 EFFECTIVENESS OF THIS AGREEMENT
   
 The Agreement and the provisions hereof shall take effect and be in force on the signing date of this Agreement as indicated in the preamble of this Agreement (“Effective Date”) until twelve (12) months (“Period”) has elapsed from the said signing date, unless otherwise terminated in accordance to Article 10 of this Agreement
    
 3 LOAN
   
 	 3.1 
	Subject to the terms and conditions of this Agreement, the Lender agrees to make available to the Borrower and the Borrower agrees to accept the Principal Amount.
	  
	  

	 3.2 
	The Parties agreed that the Principal Amount shall be used by the Borrower solely for the purposes of supporting the Project.

 
    
 	 
	Page 4 of 14
	

	 

 
    
 	 3.3 
	The Borrower may drawdown an amount of the Principal Amount on one or more occasions during the Period by giving a written notification to the Lender (“Drawdown Notification”) in the form of utilisation request as provided in Appendix 2 of this Agreement prior to the Drawdown Procedure or upon the execution of this Agreement.
	  
	  

	 3.4 
	The Lender shall advance the funds to the Borrower under the following manners (“Drawdown Procedure”):

 
   
 	  
	 3.4.1 
	Referring to Article 3.3, the Borrower shall send the Drawdown Notification to the Lender in the form of utilisation request as provided in Appendix 2 of this Agreement.
	  
	  
	  

	  
	 3.4.2 
	5 (five) Business Days upon the sending of the Drawdown Notification, the Lender shall send the approval or dismissal to the Borrower in the written form. For the avoidance of doubt, any dismissal of the Drawdown Notification by the Lender shall be followed by the reason of the dismissal.
	  
	  
	  

	  
	 3.4.3 
	Within 5 (five) Business Days upon the execution of this Agreement or approval of the Lender on the Drawdown Notification, the requested amount shall be transferred as the case may be to the bank account of the Borrower which detail is provided under the Appendix 1 of this Agreement;
	  
	  
	  

	  
	 3.4.4 
	referring to Article 3.4.1, the proof of transfer shall be provided to the Lender by any written notification to the Borrower.

 
    
 4 INTEREST
    
 	 4.1 
	The Borrower and the Lender agree to an interest rate of 10.5% (ten and a half percent) per annum, based upon the 30/360 convent, which shall apply to the outstanding amount of the Loan (“Interest”).
	  
	  

	 4.2 
	The Interest shall be deemed to start accruing from the first drawdown of the Loan by the Lender to the Borrower which will be paid monthly by the Borrower, on the date the monies is present in the Borrower’s nominated bank account and shall cease on the day of the Loan repayment in full in accordance with the terms of this Agreement.

 
   
 5 REPAYMENT
    
 	 5.1 
	The accrued interest shall be paid by the Borrower to the Lender on a monthly basis, which calculation is provided under Appendix 3 of this Agreement and will be updated from time to time as drawdowns take place in which any alteration will be agreed by the Parties.
	  
	  

	 5.2 
	The Principal Amount will be repaid in full on the final date of the Period, which will be 12 months from the signing of this Agreement.
	  
	  

	 5.3 
	In the event of any delay in repayment of any Outstanding Amount, the penalty of 0.042% (zero point zero four two per cent) rate of the Outstanding Amount shall apply and accrue per day.

 
   
 	 
	Page 5 of 14
	

	 

 
  
 	 5.4 
	All payments shall be made by the Borrower hereunder shall be paid in full without deduction of Tax and any kind of other payments and shall be paid in USD by telex transfer to such bank or other bank account as the Lender shall from time to time designate in writing. The Outstanding Amount shall be deemed to be repaid by the Borrower to the Lender on the day the funds in full amount are credited into the Lender’s bank account.
	  
	  

	 5.5 
	Each party shall be liable for their own Taxes, levies and duties or otherwise in connection with the performance and implementation of this Agreement, pursuant to the applicable tax regulations.

 
   
 6 REPRESENTATION AND WARRANTIES
  
 	 6.1 
	Each Party represent and warrant that each Party:

 
  
 	  
	 a. 
	is a company duly incorporated and validly existing in all respects under their respective laws and jurisdiction;
	  
	  
	  

	  
	 b. 
	has no litigation, insolvency, administrative or arbitration proceeding is taking place, pending or threatened against it or against any of its assets;
	  
	  
	  

	  
	 c. 
	is not insolvent or in liquidation and no resolution has been passed or proposed, and no proceedings have been brought or threatened against it, for the purpose of liquidating it;
	  
	  
	  

	  
	 d. 
	is not subject to any bankruptcy petition.

 
   
 7 CONFIDENTIALITY
    
 	 7.1 
	Each Party shall:

 
  
 	  
	 a. 
	keep confidential the existence and contents of this Agreement and all information created or exchanged in relation to this Agreement and its negotiation confidential (“Confidential Information”);
	  
	  
	  

	  
	 b. 
	not use any Confidential Information in any manner which may cause or be calculated to cause loss to the other Party; or
	  
	  
	  

	  
	 c. 
	not make any public announcement or issue any press release regarding the contents of this Agreement or matters contemplated by it.

 
   
 	 7.2 
	Each Party must use its reasonable endeavours to ensure that it and none of its auditors, officers, employees, advisors or agents:

 
  
 	  
	 a. 
	disclose any Confidential Information;
	  
	  
	  

	  
	 b. 
	use any Confidential Information in any manner which may cause or be calculated to cause loss to the other Party; or
	  
	  
	  

	  
	 c. 
	make any public announcement or issue any press release regarding the contents of this Agreement or matters contemplated by it.

 
    
 	 
	Page 6 of 14
	

	 

 
   
 	 7.3 
	In the case of the public announcement and press release only, to the extent possible, a Party must consult with the other Party before making the disclosure and use reasonable endeavours to agree on the form and content of the disclosure. A Party may not make any public announcement or issue any press release regarding the contents of this Agreement without other Party’s written approval.

 
    
 8 NOTICES
    
 	 8.1 
	A notice or other communication connected with this Agreement (“Notice”) has no legal effect unless it is in writing.
	  
	  

	 8.2 
	In addition to any other method of service provided by law, a Notice may be: (i) sent by email to the email address below, or (ii) hand delivered or by registered post delivered at the address for service of the addressee.
	  
	  

	 8.3 
	The email addresses and addresses of the Parties for the purpose of Notices shall be:

 
    
 	  
	 FVNDIT, INC:
	  

	  
	  
	  

	  
	 Address
	 : 7545 Irvine Center Dr., Ste. 200, Irvine, CA 92618, USA 

	  
	 E-mail
	 : legal@fvndit.com

	  
	 Phone
	 : +1.866.638.6348

 
      
 	  
	 VEMANTI GROUP, INC:

	  
	  
	  

	  
	 Address
	: 7545 Irvine Center Dr., Ste. 200, Irvine, CA 92618, USA
	  
	 E-mail
	: legal@vemanti.com
	  
	 Phone
	: +1.949.559.7200

 
  
 	 8.4 
	Any Notice so given shall be deemed to have been given:

 
  
 	  
	 a. 
	if delivered by email, upon the message is transmitted.
	  
	  
	  

	  
	 b. 
	if delivered by hand or registered post before 5:00 pm on a Business Day at the place of delivery, upon delivery, and otherwise on the next Business Day at the place of delivery.

 
   
 	 8.5 
	A Party may change its email address, address for service or facsimile number by giving Notice of such change to the other Party.

 
   
 9 EVENTS OF DEFAULT
  
 	 9.1 
	Upon the occurrence of any of the following events (each of such events being hereinafter individually referred to as an “Event of Default”):

 
    
 	 
	Page 7 of 14
	

	 

 
  
 	  
	 a. 
	in the case of the Borrower, the Borrower fails to perform any of its obligation under this Agreement or the taking of any action by the Borrower that in Lender’s reasonable opinion materially jeopardize or infringes upon Lender’s rights under this Agreement;
	  
	  
	  

	  
	 b. 
	in the case of Borrower, the Borrower submitted to the Lender unreliable or misleading information about its financial standing and/or accountancy data of the Borrower;
	  
	  
	  

	  
	 c. 
	in the case of the Lender, the Lender fails to perform any of its obligation under this Agreement or the taking of any action by the Lender that in Borrower’s reasonable opinion materially jeopardize or infringes upon Borrower’s rights under this Agreement;
	  
	  
	  

	  
	 d. 
	any agreement or statement made or agreed has been made under this Agreement, instrument or other document between the Borrower and the Lender has been proved to be false or misleading when created or has been made;
	  
	  
	  

	  
	 e. 
	in the case of the Borrower, the Borrower commits an act of bankruptcy, or any bankruptcy, reorganization, debt arrangement, or other proceeding under any bankruptcy or insolvency law, or any dissolution or liquidation proceeding is instituted by or against it and, if instituted, is consented to or acquiesced in by it or remains undismissed for more than thirty (30) days;
	  
	  
	  

	  
	 f. 
	In the case of the Borrower, the Borrower does not notify the Lender within 7 (seven) Business Days at the latest of the events influencing the performance of the terms of this Agreement by the Borrower.

 
  
 	 9.2 
	in the Event of Default specified in Paragraph a, b, c, d, and f of Article 9.1 above the Lender shall be entitled by notice in writing to the Borrower to declare that the Principal Amount and any accrued interest in which calculation based on the Article 5.1 of the Agreement is immediately due and payable without further written demand or notice of any kind and Lender shall be entitled to take whatever action it deems necessary pursuant to this Agreement, in accordance with applicable laws and regulations, to secure the repayment of the Outstanding Amount.
	  
	  

	 9.3 
	In the event that one of the Parties is unable to fulfill its obligations and the Event of Default has been occurred (“Defaulting Party”), the other Party (“Non-Defaulting Party”) may allow the period for 14 (fourteen) days to allow the Defaulting Party to rectify the situation or exercise its obligations (“Remedial Period”) by giving the written notice to the Defaulting Party in regard to the approval of Remedial Period.
	  
	  

	 9.4 
	Upon the Remedial Period, if the written notice as stipulated under Article 9.3 of this Agreement has been sent and the Defaulting Party is unable to rectify the situation or exercise its obligations, the Non-Defaulting Party is entitled to terminate this Agreement unilaterally.
	  
	  

	 9.5 
	Setting aside Events of Default by a Party does not imply a waiver of any other default unless expressly set forth in the waiver.

 
    
 10 TERMINATION
    
 	 10.1 
	This Agreement shall terminate, upon written notice from the Borrower or the Lender, whichever may be the case, in the event that:

 
     
 	 
	Page 8 of 14
	

	 

 
  
 	  
	 a. 
	upon the Borrower having repaid to the Lender the full Principal Amount including any accrued interest in which calculation based on the Article 5.1 of the Agreement;
	  
	  
	  

	  
	 b. 
	upon any occurrence of any Events of Default which default is unable to be remedied within the Remedial Period;
	  
	  
	  

	  
	 c. 
	upon any occurrence of any Events of Default if a Non-Defaulting Party does not grant Remedial Period to a Defaulting Party.

 
  
 	 10.2 
	This Agreement may be terminated earlier, other than the procedures as stipulated or caused by the event under Article 9, with a 90 (ninety) calendar days’ written notice from a Party to another Party provided that the rights and obligations of each Party under this Agreement has been fulfilled.
	  
	  

	 10.3 
	For the avoidance of doubt, the consequence termination under Article 10.1 and 10.2 shall be the payment from the Borrower to the Lender as follows:

 
  
 	  
	 a. 
	the Principal Amount; and
	  
	  
	  

	  
	 b. 
	the Interest in which the calculation shall be in accordance with Article 4 of this Agreement.

 
   
 	 10.4 
	Without prejudice to any other rights that may be provided under the law, in the event that this Agreement is terminated, outstanding repayment of Principal Amount, accrued Interest and penalty (if any) shall remain until such amount have been repaid.

 
   
 11 APPLICABLE LAW AND JURISDICTION
  
 	 11.1 
	This Agreement shall be governed by and construed in all respects in accordance with the laws of the State of California.
	  
	  

	 11.2 
	The Parties shall initially attempt to settle all disputes pertaining to this Agreement, amicably and with due respect to one to another through good faith negotiation.
	  
	  

	 11.3 
	If a dispute arises in connection with this Agreement and is not resolved within 30 (thirty) Business Days after one Party to the other Party notifies it, then either Party may submit the dispute to arbitration in California (“Arbitration”).
	  
	  

	 11.4 
	With respect to the Arbitration the Parties agree that:

 
    
 	  
	 a. 
	any arbitration hearings pursuant to this Agreement shall take place at a mutually convenient location within Orange County, California.
	  
	  
	  

	  
	 b. 
	the Arbitration will be conducted with the Arbitration Rules of the American Arbitration Association (“AAA”) for the time being in force, which rules are deemed to be incorporated by reference into this article;
	  
	  
	  

	  
	 c. 
	the Arbitration panel will consist of three arbitrators, one chosen by the complainant, one chosen by the respondent and a chairperson to be appointed by AAA. In the event that either party fails to appoint an arbitrator, then AAA shall make such appointment;
	  
	  
	  

	  
	 d. 
	the nomination of arbitrators shall be conducted with due observance of the prevailing AAA rules;
	  
	  
	  

	  
	 e. 
	the award of the arbitration panel is final and binding upon them;
	  
	  
	  

	  
	 f. 
	the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards applies to awards made under this Agreement;
	  
	  
	  

	  
	 g. 
	the award must include an order for payment of costs;
	  
	  
	  

	  
	 h. 
	the arbitration tribunal will decide the matter as expeditiously as possible, however no time limits will be imposed;
	  
	  
	  

	  
	 i. 
	pending the submission to arbitration and until the arbitration tribunal issues its decision, each Party must, except in the event of expiration, termination or failure by the other Party to obey or comply with a specific order or decision of the arbitration tribunal, continue to perform all its obligation under this Agreement without prejudice to a final adjustment in accordance with the award.

 
    
 	 
	Page 9 of 14
	

	 

 
    
 12 GENERAL
   
 	 12.1 
	Every amendment or variation of this Agreement shall not be applicable unless made in written and signed by the parties.
	  
	  

	 12.2 
	If one of the provisions in this Agreement could not be executed, not in accordance to the law and not legal, hence that matters shall be separated and the other provision in this Agreement shall be applicable.
	  
	  

	 12.3 
	The Borrower and Lender are prohibited to transfer, assign or make a deal with this Agreement without prior written consent from the other Party.
	  
	  

	 12.4 
	Failure or delay of one of the Party to execute the authority or rights shall not apply as setting aside of the authority or that particular rights. Execution of authority or rights shall not prevent the execution of authority or rights in the future or execution of other authority or rights. This waiver is not effective unless made in written. Setting aside the authority or rights shall be effective only for certain purpose which that matters relates and for certain purpose in which it is provided
	  
	  

	 12.5 
	Unless stipulated in this Agreement, each Party shall pay its own costs and expenses arising from the negotiation, preparation and signing of this Agreement.
	  
	  

	 12.6 
	This Agreement contains the full agreement and understanding between the parties regarding any matters related to the subject of this Agreement from the date of the signing of this agreement.
	  
	  

	 12.7 
	This Agreement shall be sign in several copies. Each copy is original however all copies are unity and constitutes the same Agreement.

 
  
 	 
	Page 10 of 14
	

	 

 
    
 IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first mentioned above.
  
 	Borrower	 	Lender	 
	  
	  
	  
	  

	 FVNDIT, INC. 
	  
	 VEMANTI GROUP, INC.
	  

	  
	  
	  
	  

	 
	 	 
	 
	 Name: Tan Tran
	 	 Name: Tan Tran
	 
	 Title: CEO
	 	 Title: CEO
	 

 
   
 	 
	Page 11 of 14
	

	 

 
    
 APPENDIX I
  
 DETAILS OF THE BANK ACCOUNT OF THE PARTIES 
   
 	 Borrower
	  
	  

	  
	  
	  

	 FVNDIT, INC:
	  
	  

	  
	  
	  

	 Bank Name
	  
	  

	 Account Name
	  
	  

	 Account Number
	  
	  

	 Routing Number
	  
	  

	 Swift Code
	  
	  

 
  
 	 Lender
	  
	  

		  
	  

	 VEMANTI GROUP, INC.

	  
	  
	  

	 Bank Name
	  
	  

	 Account Name
	  
	
	 Account Number
	  
	
	 Routing Number
	  
	  

	 Swift Code
	  
	  

 
  
 	 
	Page 12 of 14
	

	 

 
      
 APPENDIX 2 
 DRAWDOWN NOTIFICATION
   
 Dear Sirs,
  
 	 From
	  
	 : Fvndit, Inc.

	  
	  
	  

	 To
	  
	 : Vemanti Group, Inc. 

	  
	  
	  

	 Dated
	  
	 : August 09, 2019

 
     
 RE: The Agreement dated August 04, 2019
   
 	 1. 
	We refer to the Article 3.3 of the Agreement in which this letter shall be constituted as the Utilization Request of the Principal Amount of from the Lender to Borrower.
	  
	  

	 2. 
	Terms used in this Drawdown Notification shall have the same meaning as that given under the Agreement unless stated otherwise in this letter.
	  
	  

	 3. 
	The Lender agrees to make available to the Borrower and the Borrower agrees to accept the Principal Amount on the following terms:

 
    
 	  
	 a.
	 Proposed Utilization Date 
	  
	 : August 13, 2019

	  
	  
	  
	  
	  

	  
	 b. 
	 Amount of the Loan
	  
	 : USD 200,000

 
    
 	 4. 
	The Principal Amount shall be transferred from the Lender to the Borrower approximately within 5 (five) Business Days upon the execution of this Drawdown Notification in which the detail is provided at the Appendix 1 of the Agreement.
	  
	  

	 5. 
	This Drawdown Notification is irrevocable.

 
    
 Yours faithfully,
   
 Borrower
 FVNDIT, INC.
  
  
 Tan Tran
  
 	 
	Page 13 of 14
	

	 

 
    
 APPENDIX 3 
 CALCULATION OF THE REPAYMENT
  
  
 Referring to Article 5 of this Agreement, the calculation of the monthly repayment is based on the following formula:
  
 	 USD 200,000.00 x (10.5% p.a / 12) x 1 month = USD 1,750.00 based on 30/360 convent

 
   
 	 
	Page 14 of 14vemanti_ex108.htm

EXHIBIT 10.8
  
  
 
  
 SERVICE AGREEMENT
  
 This Service Agreement (“Agreement”) is made this _______ day of _______________, 20____ between VOICESTEP TELECOM, LLC (“VoiceStep”), a California corporation, with offices at 7545 Irvine Center Drive Suite 200, CA 92618, and _________________________________________ (“Customer”). This document constitute the agreement (“Agreement”) between VoiceStep Telecom, LLC (“we,” “us” or “VoiceStep”) and the user (“you,” “user” or “Customer”) of VoiceStep’s VoIP communications services and any related products or services (“Service”). VoiceStep and Customer may be collectively referred to as the “Parties”. This Agreement governs both the Service and any devices, such as a Gateway, IP phone, Analog Telephone Adapter or any other IP connection device, (“Device” or “Equipment”) used in conjunction with the Service. By activating the Service, you acknowledge that you have read and understood, and you agree, to the terms and conditions of this Agreement, and you represent that you are of legal age to enter this Agreement and become bound by its terms. 
  
 1) CUSTOMER INFORMATION
  
 	 Customer Name: 

	 Business Name: 

	 SERVICE ADDRESS
  
	 BILLING ADDRESS
 (leave blank if same as Service Address)

	 Street: 
  
	 Street:

	 Unit:
  
	 Unit:
  

	 City: 
  
	 City: 
  

	 State:
  
	 State:
  

	 Zip Code:
  
	 Zip Code:
  

 
  
 2) CONTACT INFORMATION
  
 	 BILLING CONTACT
	 TECHNICAL CONTACT
 (leave blank if same as Billing Contact)

	 Name: 
	 Name:

	 Phone: 
	 Phone:

	 FAX: 
	 FAX: 

	 Cell: 
	 Cell:

	 E-mail: 
	 E-mail:

 
   
 	 
	Page 1 of 7
	

	 

 
    
 3) SERVICE SELECTIONS
  
 Customer hereby agrees to purchase Services described below (the “Initial Order”), subject to the terms and conditions of this Agreement, and such additional terms and conditions as may be set forth in executed attachments. Customer may place additional orders from time to time during the term of this Agreement by submission of service orders either orally or in writing. Service orders shall be deemed as executed under this agreement (1) when received from Customer by VoiceStep and accepted and confirmed via either email or paper confirmation delivery by VoiceStep to Customer and/or (2) when the requested services have been provided and invoiced and Customer has paid invoice for such services. The Initial Order and any additional service orders are subject to credit approval and are effective only upon acceptance by VoiceStep.
   
 Please select your products and services below and indicate the number of users, phone numbers, and fax lines.
   
 	 
	Page 2 of 7
	

	 

 
   
 A)    PHONE SERVICE
  
  
 	 ·     Unlimited Local & Long Distance 
	 ·     Group Paging

	 ·     Voicemail to Email (VM2Email)
	 ·     Dial by Name Directory

	 ·     SMS to Email (SMS2Email)
	 ·     Intercom

	 ·     Multi-Tiered Auto Attendants
	 ·     Shared Line Appearance

	 ·     Multiple Call Schedules
	 ·     Unlimited Hunt Groups

	 ·     Ring Groups and Queues
	 ·     Call Parking

	 ·     Call Forwarding, Waiting, ID, Three-Way, Transfer
	 ·     User Friendly Web Interface

	 ·     HD Voice
	 ·     Free Number Porting

	 ·     Conference Bridge
	 ·     Secure Online Admin Controls

	 ·     Custom Hold Music
	 ·     No Set Up or Activation Fees

	 ·     Call Recording
	 ·     100% US Based Customer Support

 
    
 	  
 LINES
 (Specify How Many Are Needed For Your Business. Price Is Per Line Per Month)
  

	  
 Term 
	 1-4 
 Lines
	 5-9 
 Lines
	 10-24 
 Lines
	 25-49 
 Lines
	 50-99
 Lines
	 100+
 Lines
	  
 Qty.

	 Monthly
 (Billed Monthly)
	 $24.99
 ☐
	 $22.99
 ☐
	 $20.99
 ☐
	 $18.99
 ☐
	 $16.99
 ☐
	 $14.99
 ☐
	  
  

	 Annual
 (Billed Monthly)
	 $22.99
 ☐
	 $20.99
 ☐
	 $18.99
 ☐
	 $16.99
 ☐
	 $14.99
 ☐
	 $12.99
 ☐
	  
  

 
   
 	 USERS / EXTENSIONS
 (Specify How Many Are Needed For Your Business. Price Is Per User Per Month)
  

	 DESCRIPTION
	 NRC
	 MRC
	 Qty.

	 USERS / EXTENSIONS ON VOIP PHONE SYSTEMS
	  
	  
	  

 
   
 	 PHONE NUMBERS
 (Specify How Many Are Needed For Your Business. Price Is Per Number Per Month)
  

	 DESCRIPTION
	 NRC
	 MRC
	 Must Keep
 Existing Number(s)
	 Qty.

	 LOCAL NUMBER
	  
	  
	 ☐
	  

 
     
 NOTE: 
   
 	  
	 ·
	 If you are porting phone numbers from your current service provider (i.e. you want to keep your existing numbers), please fill out the Local or TF Port Request form and attach a copy of your current bill. 

 
    
 	 
	Page 3 of 7
	

	 

 
    
 B)    FAX SERVICE
    
 	 ·     Amazing Savings
	 ·     Privacy Ensured

	 ·     Send & Receive by E-mail
	 ·     Access Faxes Anywhere

	 ·     Send & Receive by Cell Phone
	 ·     More Reliable Than Fax Machine

	 ·     No More Busy Signals
	 ·     Keep Your Current Number

	 ·     No Lost or Missed Faxes
	 ·     Works with PC Turned Off

 
   
 	 PLANS
	 NRC
	 Monthly 
 MRC
	 Annual
  MRC
	 Must Keep Existing Number(s)
	 Qty.

	 VFAX – Unlimited
 - Send/receive by email, portal, and PC
 - Unlimited inbound/outbound faxing
	 $0.00
 ☐
	 $24.99
 ☐
  
	 $19.99 
 ☐
	 ☐
	  

	 VFAX – Premium
 - Send/receive by email, portal, and PC
 - 1,000 inbound/outbound pages per month
 - $0.05 per additional page
	 $0.00
 ☐ 

	 $14.99
 ☐
	 $11.99
 ☐ 
	 ☐
	  

	 VFAX – Basic
 - Send/receive by email, portal, and PC
 - 500 inbound/outbound pages per month
 - $0.05 per additional page
	 $0.00
  ☐
	 $9.99
 ☐
	 $7.99
 ☐
	 ☐
	  

	 VFAX – Device
 - Send/receive by a FAX device
 - Unlimited inbound/outbound faxing
	 $149.99 
 ☐
	 $24.99 
 ☐
	 $19.99 
 ☐
	 ☐
	  

 
      
 NOTE: 
   
 	  
	 ·
	If you are porting FAX numbers from your current service provider (i.e. you want to keep your existing FAX numbers), please fill out the Local or TF Port Request form and attach a copy of your current bill. 

 
    
 	 
	Page 4 of 7
	

	 

 
    
  C)    ADDITIONAL SERVICES
    
 	 Selection
	 Description
	 NRC
	 MRC
	 Billing
 Method
	 Qty.

	 ☐
	 “SMART” LOCAL NUMBER
 (Email2SMS, 411 Directory Assistance Listing, White/Yellow Pages, CNAM Listing)
	 $0.00
  
	 $4.99 
  
	 Per Number
	  

	 ☐
	 INT’L LOCAL NUMBER
 - International Telephone Numbers in 50+ countries.
 - Each number has 2 channels. 
	 $0.00
	 $14.99
	 Per Number
	  
  

	 ☐
	 INTER-COMPANY LINK
 (Direct Dialing Between Companies)
	 $49.99
	 $49.99 
	 Per Company
	  

	 ☐
	 INTERNATIONAL CALLING
	 $0.00
	 $0.00
	 Per Minute
	  

	 ☐
	 DIRECTORY ASSISTANCE (411)
	 $1.00
	 $0.00
	 Per Call
	  

	 ☐
	 TOLL FREE (8XX)
 -        Lower 48 States
 -        Hawaii
 -        Alaska
 -        Puerto Rico 
 -        US Virgin Islands
 -        Canada
	 $0.00
  
	 $4.99
  
	 Per Minute
 $0.02/min
 $0.05/min
 $0.10/min
 $0.05/min
 $0.05/min
 $0.05/min
	  

	 ☐
	 INT’L TOLL-FREE NUMBER
 - International TF Numbers in 50+ countries.
	 $0.00
  
	 $0.00
  
	 Per Minute
 Based On Country
	  

	 Notes / Comments: (Please indicate specific or additional requirements here)
  
  
  
  
  
  
  

 
   
 	 
	Page 5 of 7
	

	 

 
     
 4) EMERGENCY (911) INFORMATION – THIS SECTION IS REQUIRED
  
 	 First Name:
	  
  

	 Last Name:
  
	  
  

	 Street #: *                            
  
	  

	 Street Name: *
  
	  

	 Address Type:
	 ☐  None 
 ☐ Department
 ☐ Key
 ☐ Office
 ☐ Room
 ☐ Stop
 ☐ Upper
	 ☐ Apartment 
 ☐ Floor
 ☐ Lobby
 ☐ Penthouse
 ☐ Side
 ☐ Suite
	 ☐ Basement 
 ☐ Front
 ☐ Lot
 ☐ Pier
 ☐ Slip
 ☐ Trailer
	 ☐ Building 
 ☐ Hanger
 ☐ Lower
 ☐ Rear
 ☐ Space
 ☐ Unit

	  Address Type #:
	  
  

	  City: *
	  
  

	  State: *
	  
  

	  Zip Code: *
	  
  

 
   
 	 
	Page 6 of 7
	

	 

 
      
 5) BILLING INFORMATION
  
 	  
 You authorize VoiceStep to automatically charge your credit card on monthly basis for services provided to you in the amount described in the sections you’ve selected above. In addition, you authorize VoiceStep to charge your credit card for any additional charges as needed.
  

	 Name on Credit Card:
	  

	 Card Type:
	 ☐ VISA    ☐  MC    ☐ AMERICAN EXPRESS     ☐ DISCOVER

	 Card Number: 
	  

	 Verification Number:
	  

	 Expiration Date:
	  

	 Statement Billing Address:
	  

	  
  
	  

	 City:
	  

	 State:
	  

	 Zip:
	  

 
  
 By signing below, Customer personally certifies that he or she is an Authorized Agent of the Company, and has read and agrees to be bound by the entirety of VoiceStep’s Terms and Conditions, located at
  
 http://www.voicestep.com/ws/virtual-pbx.html including details regarding E911, and 30-day guarantee policies. Customer agrees to pay for the items selected as “non-recurring charges” upon signing this agreement. Customer agrees that any prior verbal or written communication regarding services and/or pricing from VoiceStep Telecom is superseded by VoiceStep’s Terms and Conditions and this Initial Order. 
  
 Customer understands that the amount identified as “monthly recurring charges (MRC)” is the base amount that will be charged each month. Additional monthly usage fees may apply, including but not limited to international calling charges and local, state, and federal taxes. Future changes to nature or quantity of services on the account may cause changes in monthly charges.
  
 AGREED and ACCEPTED BY: 
   
 	  
	  
	  
	
	  
	  
	 (“CUSTOMER”)

	  
	  
	  
	  

	  
	 By
	  
	  

	  
	  
	  
	  

	  
	 Name
	  
	  

	  
	  
	  
	  

	  
	 Title
	  
	  

	  
	  
	  
	  

	  
	 Company
	  
	  

	  
	  
	  
	  

 
  
 	 
	Page 7 of 7

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