Legal
information

4. Fees and Payment Terms.

4.1. Fees and Invoicing.

As consideration for Teleport Global providing Company with the Teleport Media Solution and the services set forth herein, Teleport Global will invoice Company for, and Company will pay Teleport Global the fees for the applicable Teleport Media Solution, Teleport Media Solution License, and any other fees payable as set forth in each applicable under an Order Form (collectively the "Fees").

Commencing on the Effective Date of each applicable Order Form, Teleport Global will invoice Company for the Fees on a monthly or annual basis.

If Company exceeds the Usage Limit as specified in the applicable Order Form, each additional Billable Minute or Impression, as applicable, over the Usage Limit will be charged at the Overage Fee amount listed in the applicable Order Form. Teleport Global will invoice Company for the accrued Overage Fees at the end of each month during the Term, as applicable.

Unless otherwise agreed upon in an Order Form, Company will: (i) pay all invoices in accordance with the Payment Terms set forth of the applicable Order Form, and (ii) make all payments hereunder in the currency specified in the applicable Order Form. Any amounts not paid when due shall bear interest at the rate of one and one-half percent (1.5%) per month, or the maximum legal rate, if less.

4.2. Taxes.

The Fees are exclusive of all taxes, levies or duties imposed by taxing authorities. As between Company and Teleport Global, Company accepts sole responsibility for the payment of any taxes, charges or assessments imposed on Teleport Media Service, or the fees to be paid by Teleport Global to any foreign or domestic national, state, or local government bodies, or subdivisions thereof, and any penalties or interest.

4.3. No Deductions or Setoffs.

All payment obligations under the Agreement are non-cancellable, and other than as provided in the Agreement, all amounts paid are non-refundable and shall be paid by Company to Teleport Global in full without any setoff, deduction, or withholding for any reason.

4.4. Increases.

The Fees are valid for the Initial Term of the Order Form. Teleport Global reserves the right to modify the Fees in its reasonable discretion at any time after one (1) year from the Effective Date, upon at least sixty (60) days prior notice to Company.

5. Term and Termination.

5.1. Term.

The Agreement begins on the Effective Date and continues in full force and effect until terminated pursuant to the Agreement (the "Term").

5.2. Term of Order Form; Renewal.

The Initial Term for the provision of the Teleport Media Solution will be as set forth in each applicable Order Form and will commence on the Order Form Effective Date. The term of each Order Form will automatically renew for additional terms after the Initial Term (each, a "Renewal Term" and with the Initial Term, the "Order Form Term"), unless: (i) either party gives the other party written notice of its intent not to renew the applicable Order Form at least ninety (90) days prior to the end of the then-current term, or (ii) the Order Form is terminated as provided for in the Agreement. Unless otherwise provided for, in the event the Agreement is terminated prior to the end of an Order Form Term, all of the terms and conditions of the Agreement will survive and continue to apply to such Order Form until the termination or expiration of such Order Form.

5.3. Termination.

Either party may terminate the Agreement or any Order Form with immediate effect, in whole or in part, by giving the other party prior written notice, if the other party: (i) commits a material breach of any of its obligations under the Agreement or an Order Form (as applicable), which breach is not cured within thirty (30) days following receipt of written notice, or that cannot be cured within thirty (30) days, (ii) becomes insolvent or is generally unable to pay, or fails to pay, its debts as they become due, (iii) files or has filed against it, a petition for voluntary or involuntary bankruptcy or otherwise becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy or insolvency laws, (iv) makes or seeks to make a general assignment for the benefit of its creditors, or (v) applies for or has appointed a receiver, trustee, custodian or similar agent appointed by order of any court of competent jurisdiction to take charge of or sell any material portion of its property or business.

5.4. Suspension of Teleport Media Solution.

Teleport Global may, directly or indirectly, suspend or otherwise deny Company’s or any other third party’s access to or use of all or any part of the Teleport Media Solution or Teleport Media Technologies, without incurring any resulting obligation or liability, if: (i) Teleport Global receives a judicial or other governmental demand or order, subpoena or law enforcement request that expressly or by reasonable implication requires Teleport Global to do so, or (ii) Teleport Global believes, in its good faith and reasonable discretion, that: (a) Company has failed to comply with, any material term of the Agreement, or accessed or used the Teleport Media Solution beyond the scope of the rights granted or for a purpose not authorized under the Agreement or in any manner that does not comply with any material instruction or requirement of the Documentation, (b) Company is, has been, or is likely to be involved in any fraudulent, misleading or unlawful activities, or © in order to maintain the integrity of the Teleport Media Solution or Teleport Media Technologies until a threat to such integrity has been resolved. This Section 5.4 does not limit any of Teleport Global’s other rights or remedies, whether at law, in equity or under the Agreement.

5.5. Effect of Termination; Survival.

When the Agreement or any Order Form terminates or expires: (i) Company will no longer have the right to use the Teleport Media Solution referenced in each terminated or expired Order Form, and any licenses grants to Company in the Agreement with respect to each terminated or expired Order Form will immediately cease to exist as of the date of termination or expiration, (ii) if Company owes Teleport Global any Fees prior to such termination/expiration, Company will be invoiced for those Fees immediately and will pay them in accordance with Section 4, and (iii) Company will destroy all copies of the applicable Teleport Media Solution in its possession or control. Sections 1 (Definitions), 3 (Proprietary Materials and Data Usage; Rights and Restrictions), 4 (Fees and Payment Terms) (with respect to payment obligations incurred during the Term) 5.5 (Effect of Termination; Survival), 6 (Confidential Information), 8 (Limitation of Liability), 9 (Indemnity), and 10 (General), including, without limitation, all Order Forms, exhibits and other attachments hereto, that may be reasonably interpreted as surviving termination or expiration of the Agreement, will survive the termination or expiration of the Agreement.

6. Confidential Information.

6.1. Definition of Confidential Information and Obligations.

Each party (the "Receiving Party") acknowledges that by reason of its relationship to the other party (the "Disclosing Party") under the Agreement, the Receiving Party will have access to certain information and materials, including the terms of the Agreement and each Order Form, concerning the Disclosing Party’s business, plans, technology, products and services that are confidential and of substantial value to the Disclosing Party, which value would be impaired if such information were disclosed to third parties ("Confidential Information"). The Receiving Party will use the same degree of care as the Receiving Party uses to protect its own confidential or proprietary information of like kind, but with no less than reasonable care, to: (i) not use any Confidential Information of the Disclosing Party for any purpose outside the scope of this Agreement, and (ii) except as otherwise authorized by the Disclosing Party in writing, limit access to Confidential Information of the Disclosing Party to those of its employees and contractors who need access for purposes consistent with this Agreement and have signed confidentiality agreements containing terms not materially less protective of Confidential Information than the terms set forth herein. Upon request by the Receiving Party, the Disclosing Party shall advise whether or not it considers any particular information to be Confidential Information. The Receiving Party shall not publish any technical description of the Disclosing Party’s Confidential Information beyond any descriptions published by the Disclosing Party. In the event of expiration or termination of the Agreement, there shall be no use or disclosure by the Receiving Party of any Confidential Information of the Disclosing Party, and the Receiving Party shall not develop any software, devices, components or assemblies utilizing the Disclosing Party’s Confidential Information. If the parties have signed a non-disclosure agreement in contemplation of the Agreement such non-disclosure agreement shall be automatically terminated and replaced by the confidentiality provisions of the Agreement as of the Effective Date.

6.2. Exclusions.

Confidential Information does not include any information that the Receiving Party can demonstrate by written records: (i) was known to the Receiving Party prior to its disclosure under the Agreement by the Disclosing Party, (ii) is independently developed by the Receiving Party, (iii) is or becomes publicly known through no wrongful act of the Receiving Party, (iv) has been rightfully received from a third party whom the Receiving Party has reasonable grounds to believe is authorized to make such disclosure without restriction, (v) has been approved for public release by the Disclosing Party’s prior written authorization, or (vi) must be produced or disclosed pursuant to applicable law, regulation or court order, or upon request by an examiner, auditor or regulator provided that the Receiving Party provides prompt advance notice thereof to enable the Disclosing Party to seek a protective order or otherwise prevent such disclosure. In addition, either party may disclose the existence and terms of the Agreement in connection with a potential acquisition of substantially the entire business of such party or a private or public offering of such party’s securities.

6.3. Return.

Upon the earlier of the Disclosing Party’s request or the termination or expiration of the Agreement and/or Order Form (s), the Receiving Party shall, at the Disclosing party’s option, promptly return to the Disclosing Party or destroy all Confidential Information including all copies thereof, in whatever medium in its possession or control; and in either event, will certify in writing to the Disclosing Party that such actions have all been completed. Notwithstanding the foregoing, copies of the Confidential Information can be retained on a confidential basis if they are electronically archived in accordance with Teleport Global’s archival and deletion policies, and the obligations of confidentiality set out herein shall survive with respect to, and continue to apply to, such Confidential Information.

7. Warranties.

7.1. Mutual Warranties.

Each party represents and warrants to the other that it has the right, power, and authority to enter into the Agreement and perform its obligations hereunder.

7.2. Limited Warranty.

During the Term, Teleport Global warrants solely to Company that the Teleport Media Solution will materially conform to Teleport Global’s then-current Documentation under normal use and circumstances. Further, Teleport Global warrants solely to Company that Teleport Global maintains security practices designed to guard against the introduction of Harmful Code into the Teleport Media Technology. If Company notifies Teleport Global of a breach of the foregoing warranties, Teleport Global will, at its option, either: (a) correct the nonconformity in the Teleport Media Solution or Teleport Media Technology, or (b) issue Company a credit or refund of a portion of the Fees paid by Company for the nonconforming Teleport Media Solution that fairly reflects (at Teleport Global’s reasonable determination) the diminished value of the nonconforming component of the Teleport Media Solution. The foregoing constitutes Company’s sole and exclusive remedy for any breach of this limited warranty.

7.3. Disclaimer of Warranties.

EXCEPT AS OTHERWISE SET FORTH IN THE AGREEMENT, THE TELEPORT MEDIA SOLUTION IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, AND, TO THE MAXIMUM EXTENT PERMITTED BY MANDATORY LAW, TELEPORT GLOBAL EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

8. Limitation of Liability.

IN NO EVENT WILL TELEPORT GLOBAL BE LIABLE TO COMPANY OR ANY THIRD PARTY FOR ANY DAMAGES WHATSOEVER WITH RESPECT TO COMPANY’S OR SUCH THIRD PARTY’S USE OF THE TELEPORT MEDIA SOLUTION, INCLUDING WITHOUT LIMITATION ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR SPECIAL DAMAGES EVEN IF ADVISED OF THE POSSIBILITY OF THE SAME. TELEPORT GLOBAL HAS NO OBLIGATION OR LIABILITY FOR ANY LOSS, ALTERATION, DESTRUCTION, DAMAGE, CORRUPTION OR RECOVERY OF COMPANY DATA OR COMPANY CONTENT. IN ALL EVENTS, TELEPORT GLOBAL’S LIABILITY TO COMPANY FOR CLAIMS OR DAMAGES RELATED TO THE AGREEMENT OR THE TELEPORT MEDIA SOLUTION WILL IN NO EVENT EXCEED THE TOTAL AMOUNT OF FEES ACTUALLY PAID BY COMPANY TO TELEPORT GLOBAL UNDER THE AGREEMENT IN THE PRECEDING TWELVE MONTHS FROM THE DATE OF THE CLAIM OR EVENT THAT GAVE RISE TO THE LIABILITY. TO THE EXTENT THAT IN A PARTICULAR CIRCUMSTANCE ANY DISCLAIMER OR LIMITATION ON DAMAGES OR LIABILITY SET FORTH HEREIN IS PROHIBITED BY APPLICABLE LAW, THEN, INSTEAD OF THE PROVISIONS HEREOF IN SUCH PARTICULAR CIRCUMSTANCE, TELEPORT GLOBAL WILL BE ENTITLED TO THE MAXIMUM DISCLAIMERS AND/OR LIMITATIONS ON DAMAGES AND LIABILITY AVAILABLE BY SUCH APPLICABLE LAW IN SUCH PARTICULAR CIRCUMSTANCE AS PROVIDED ABOVE, AND TO THE MAXIMUM EXTENT PERMITTED BY MANDATORY LAW.

9. Indemnity.

9.1. Teleport Global Indemnification.

Teleport Global shall defend Company and Company’s officers, directors, employees, and agents (each, a "Company Indemnitee") from and against any claim, suit, action or proceeding brought against a Company Indemnitee by a third party alleging that the Teleport Media Solution (excluding Company Content and Open Source Components) infringes an Intellectual Property Rights of such third party (a "Claim Against Company"), and will indemnify Company Indemnitee from any damages, attorney fees and costs finally awarded against Customer Indemnitee as a result of, or amounts actually paid by Customer Indemnitee under settlements approved in advance by Teleport Global of, a Claim Against Company. The foregoing obligation does not apply to any Claim Against Company arising out of or relating to any: (a) access to or use of the Teleport Media Solution not in accordance with the Agreement, (b) modification of Teleport Media Solution other than: (1) by or on behalf of Teleport Global, or (2) with Teleport Global’s written approval in accordance with Teleport Global’s written specification or Documentation, © the use or combination of the Teleport Media Solution or any part thereof with software, hardware, data, or processes not provided by Teleport Global, if the Teleport Media Solution or Company’s use thereof would not infringe without such use or combination, (d) failure to timely implement any modifications, upgrades, replacements, enhancements, Upgrades made available to Company by or on behalf of Teleport Global, or (e) act, omission or other matter described in Section 9.2, whether or not thTeleport Globalesults in any Claim Against Teleport Global.

9.2. Company Indemnification.

Company shall defend Teleport Global and each of its officers, directors, employees, and agents (each, a "Teleport Global Indemnitee") from and against any claim, suit, action or proceeding brought against a Teleport Global Indemnitee by a third party alleging: that: (i) any Company Content, including any processing of Company Content by or on behalf of Teleport Global in accordance with the Agreement, or (ii) any other materials or information (including any documents, data, specifications, software, content or technology) provided by or on behalf of Company, and any customer of Company or End User, including Teleport Global’s compliance with any specifications or directions provided by or on behalf of Company to the extent prepared without any contribution by Teleport Global, infringes or misappropriates such third party’s Intellectual Property Rights, or arising from Company’s use of the Teleport Media Solution in an unlawful manner or in violation of the Agreement, the Documentation, or an Order Form (each, a "Claim Against Teleport Global"), and will indemnify Teleport Global Indemnitee from any damages, attorney fees and costs finally awarded against Teleport Global Indemnitee as a result of, or amounts actually paid by Teleport Global Indemnitee under settlements approved in advance by Company of, a Claim Against Teleport Global.

9.3. Indemnification Procedure.

Each party shall promptly notify the other party in writing of any Action for which such party believes it is entitled to be indemnified pursuant to Section 9.1 or 9.2, as the case may be. The party seeking indemnification (the "Indemnitee") shall cooperate with the other party (the "Indemnitor") at the Indemnitor’s sole cost and expense. The Indemnitor shall immediately take control of the defense and investigation of such Action and shall employ counsel reasonably acceptable to the Indemnitee to handle and defend the same, at the Indemnitor’s sole cost and expense. The Indemnitee’s failure to perform any obligations under this Section 9.3 will not relieve the Indemnitor of its obligations under this Section 8 except to the extent that the Indemnitor can demonstrate that it has been materially prejudiced as a result of such failure. The Indemnitee may participate in and observe the proceedings at its own cost and expense with counsel of its own choosing.

9.4. Mitigation.

If the Teleport Media Solution, or any component thereof, is, or in Teleport Global’s opinion is likely to be, claimed to infringe, misappropriate or otherwise violate any third-party Intellectual Property Right then, Teleport Global may, at its option and expense: (i) obtain the right for Company to continue to use the Teleport Media Solution materially as contemplated by the Agreement, (ii) modify or replace the Teleport Media Solution, in whole or in part, to seek to make the Teleport Media Solution (as so modified or replaced) non-infringing, while providing materially equivalent features and functionality, in which case such modifications or replacements will constitute Teleport Media Solution, as applicable, under the Agreement, or (iii) by written notice to Company, terminate the Agreement and require Company to immediately cease any use of the Teleport Media Solution, and will provide to Company a refund of any fees pre-paid by Company as of such termination.

9.5. Losses.

For the purposes of this Section 9, "Losses" means any and all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

9.6. LIMITATION.

THIS SECTION 9 SETS FORTH COMPANY’S SOLE REMEDIES AND TELEPORT GLOBAL’S SOLE LIABILITY AND OBLIGATION FOR ANY ACTUAL, THREATENED OR ALLEGED ACTIONS THAT THE AGREEMENT OR ANY SUBJECT MATTER HEREOF (INCLUDING THE TELEPORT MEDIA SOLUTION) INFRINGES, MISAPPROPRIATES OR OTHERWISE VIOLATES ANY THIRD PARTY INTELLECTUAL PROPERTY RIGHT.

10. General.

10.1. Governing Law, Jurisdiction.

The Agreement and all rights and obligations of the parties will be exclusively governed by, and construed and interpreted in accordance with the laws of Switzerland. Each party irrevocably and unconditionally submits to the exclusive jurisdiction of the cantonal court of Zug, Switzerland, and any appellate court of such court, solely for the purpose of any suit, action or proceeding brought to enforce its obligations under the Agreement or in any way relating to the Agreement.

10.2. Remedies.

The parties acknowledge that any actual or threatened breach of Sections 2 (Grant of Rights, License Grant, and Restrictions; Teleport Media Solution) or 6 (Confidential Information) will constitute immediate, irreparable harm to the non-breaching party, for which monetary damages may be an inadequate remedy, and that injunctive relief is an appropriate remedy for such breach. If any legal action is brought to enforce the Agreement, the prevailing party will be entitled to receive its attorneys' fees, court costs, and other collection expenses from the non-prevailing party, in addition to any other relief the prevailing party may receive.

10.3. Entire Agreement.

The Agreement, together with all Order Forms, and documents, which are incorporated into and made a part of the Agreement, contain the entire understanding of the parties relating its subject matter and supersedes any prior written or oral agreement or understandings between the parties with respect to its subject matter of the Agreement. Except as otherwise set forth in the Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from the Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

10.4. Trademarks.

Except as expressly permitted in the Agreement, Teleport Global shall not use any trademark, service mark, trade name, or other name or logo of Company in any advertising or publicity and shall not issue any public statement concerning the Agreement or the products and services rendered hereunder without the prior written consent of Company.

10.5. Severability.

If any provision of the Agreement shall be held to be invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect. To the extent any express or implied restrictions are not permitted by applicable laws, these express or implied restrictions shall remain in force and effect to the maximum extent permitted by such applicable laws. The parties will work in a spirit of partnership to find an arrangement that approximates as nearly as possible the inoperative terms. Without limiting the generality of the foregoing, Company agrees that Section 8 (Limitation of Liability) will remain in effect notwithstanding the unenforceability of any provision in Section 7 (Warranties and Disclaimers).

10.6. Assignment.

Neither party is allowed to assign or transfer any of its rights or obligations in the Agreement, in whole or in part, by operation of law or otherwise, without the other party’s prior written consent, and any attempt by Company to do so without Teleport Global’s consent will be null and void. Notwithstanding the foregoing, either party may assign the Agreement in its entirety, upon notice to the other party but without the requirement to obtain consent, in connection with a merger, acquisition, corporate reorganization, or sale of the party’s equity or assets.

10.7. Force Majeure.

Except with respect to obligations to make payments under the Agreement, neither party shall be deemed in default under the Agreement, nor shall it hold the other party responsible for, any cessation, interruption or delay in the performance of its obligations under the Agreement due to causes beyond its reasonable control including, but not limited to: earthquake, flood, fire, storm or other natural disaster, act of God, labor controversy or threat thereof, civil disturbance or commotion, disruption of the public markets, war or armed conflict or any change in or the adoption of any law, ordinance, rule, regulation, order, judgment or decree.

10.8. Relationship of the Parties.

Teleport Global is an independent contractor of Company. The Agreement shall not be construed to and does not create a relationship of agency, partnership, employment or joint venture. Neither party has the authority to bind the other or create any legal obligation or responsibility for the other without the other party’s prior written consent. The inclusion of portions of the Agreement in Teleport Global’s arrangements with its consultants or subcontractors shall not create a contractual relationship between a consultant or subcontractor of Teleport Global and Company.

10.9. Notice.

Any legal notice, request, demand or other communication required or permitted under the Agreement should be in writing, should reference the Agreement, and will be deemed to be properly given: (i) upon receipt, if delivered personally; (ii) upon confirmation of receipt by the intended recipient, if by e-mail; (iii) five (5) business days after it is sent by registered or certified mail, with written confirmation of receipt; or (iv) three (3) business days after deposit with an internationally recognized express courier, with written confirmation of receipt. Notices should be sent to the address (es) set forth in the Order Form, unless the parties have notified each other in writing that those addresses have changed.

10.10. Amendments.

Alterations or modifications of the Agreement will be valid only if made in a writing signed by both parties and such writing makes clear the terms to be changed. For purposes of clarity, the Additional Terms and Conditions section of a valid Order Form, may vary certain provisions of this Teleport Global Master Service Terms and Conditions should such Order Form make clear the terms to be modified. This Agreement may incorporate by reference certain terms and schedules via links to webpages (the "Online Schedules"). Teleport Global may not materially alter the Schedules and any such changes will have no force or effect unless modified in a manner consistent with this Section ‎10.10. Notwithstanding the foregoing, Teleport Global may amend the Online Schedules and the Teleport Global Master Service Terms and Conditions to accommodate new products and new features not offered by Teleport Globalas of any given Order Form Effective Date (the "Permissible Modifications"). The Permissible Modifications shall only apply prospectively to such new products and new features when purchased by Company subject to a valid Order Form or when Company utilizes such new features where applicable.

10.11. Headings for Convenience Only.

The division of the Agreement into sections is for convenience of reference only and shall not affect the interpretation or construction of the Agreement.

End of Teleport Global Master Service Agreement

DATE: March 1, 2022