SEC Contract Filing

Filing Date: 2018-11-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>6
<FILENAME>tnavex10279301810q.htm
<DESCRIPTION>EXHIBIT 10.27
<TEXT>
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<div><a name="s6C8A8FE5D6761A15E157F53D84AE9A59"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EXHIBIT 10.27+</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SERVICES AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Services Agreement (&#8220;Agreement&#8221;), effective as of February 1, 2017 (&#8220;Effective Date&#8221;) is entered into by and between:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">General Motors Holdings LLC (Customer or GM)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">and</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Telenav, Inc. (Supplier)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">GM and Supplier are parties to a purchase order dated December 19, 2013 and amendments thereto (&#8220;Product 1 Terms&#8221;) for the purchase and sale of products and services described in the </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibits</font><font style="font-family:inherit;font-size:12pt;">&#32;thereto. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The parties wish to modify the Product 1 Terms by incorporating this Agreement therein to cover additional Services as described in the Exhibits to this Agreement. In the event of any conflict between the Product 1 Terms and those of this Agreement, the terms of this Agreement shall control with respect to the subject matter of the Services described in this Agreement.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1. Statement of Work; Service Levels</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Supplier agrees to provide the services (the &#8220;Services&#8221;) described in the Statement of Work at the service levels described in the</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;Service Levels Exhibit</font><font style="font-family:inherit;font-size:12pt;">, and in accordance with the terms of this Agreement. Services will be performed by competent, properly trained and licensed personnel, and will be of professional quality, consistent with generally accepted industry standards for the performance of such services. Supplier shall ensure that it has all necessary resources to provide the Services at the Service Levels. Supplier agrees that Customer is entitled to obtain and use the Services for Customer benefit and for the benefit of Customer&#8217;s Affiliates. Customer&#8217;s Affiliates and their respective employees are entitled to use the Services in accordance with this Agreement and have and are entitled to all rights, benefits, and protections granted to Customer pursuant to this Agreement with respect to such Services. Customer is responsible for compliance by Customer Affiliates with the terms and conditions set forth in this Agreement. &#8220;Customer Affiliates&#8221; as used herein means any company or entity in which Customer owns (directly or indirectly) at least five percent (5%) of the voting stock. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2. Deliverables; Rights</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Deliverables shall mean any works created for or on behalf of Customer or any written work product and other materials that Supplier delivers to Customer (the &#8220;Deliverables&#8221;). Customer shall be the owner of all rights in Deliverables, including, but not limited to, domain names