Game Cooperation with G-bits Background of the transactions Sample Clauses

Game Cooperation with G-bits Background of the transactions. On October 17, 2023 (after trading hours), the Company and G-bits entered into the 2023 Game Cooperation Framework Agreement, pursuant to which, the Group agreed to continue to (i) license games of G-bits Group to the Group for publishing and operating on the Company’s platforms in designated regions on an exclusive basis (expense-based); and (ii) license the games of the Group to G-bits Group for publishing and operating such games on G-bits’ platforms in designated regions on an exclusive basis (revenue-based), for a term of three financial years commencing from January 1, 2024 to December 31, 2026. The Group and G-bits Group also agreed to (i) continue to participate in marketing games licensed to the exclusive publication and operation of the other party in designated regions and (ii) jointly promote and develop games for a term of three financial years ending December 31, 2026. The Group and G-bits Group shall pay fees to each other (as the case may be). The precise scope of cooperation, the calculation of fees and other details of the cooperation shall be agreed between the relevant parties separately. Fee Arrangement The fees payable by the Group or G-bits Group (as the case may be) for publishing and operating of the Group’s or G-bits Group’s games on the other’s platform shall be calculated on any of the following basis: • Fixed distribution fees and/or license fees; • Revenue/profit sharing between the parties; • Prepaid revenue/profit sharing between the parties; • Game performance bonus; and/or • Use of certain intellectual property rights by the Group or G-bits Group for game cooperation promotion. Historical Amounts For the years ended For the six months ended December 31, June 30, 2021 2022 2023 (in thousand RMB) –(1) –(1) –(1) 35,374 25,367 11,317 The aggregate amounts of fees paid by the Group to G-bits Group and the fees paid by G-bits Group to the Group under the 2021 Game Cooperation Framework Agreement for the two years ended December 31, 2021 and 2022 and the six months ended June 30, 2023 are as set out in the table below: Fees incurred by the Group payable to G-bits Group (Expense-based) Fees incurred by G-bits Group payable to the Group (Revenue- based) Note:
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Related to Game Cooperation with G-bits Background of the transactions

  • Confirmation of Agreement Except as amended hereby, the Custody Agreement is in full force and effect and as so amended is hereby ratified, approved and confirmed by the Customer and the Bank in all respects.

  • EFFECT ON FUND ACCOUNTING AGREEMENT In the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force and effect.

  • Dispute Resolution All or any disputes arising out or touching upon or in relation to the terms and conditions of this Agreement, including the interpretation and validity of the terms thereof and the respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be settled through the adjudicating officer appointed under the Act.

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as hereinafter provided, but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. Choice of Law The Agreement between the Vendor and TIPS/ESC Region 8 and any addenda or other additions resulting from this procurement process, however described, shall be governed by, construed and enforced in accordance with the laws of the State of Texas, regardless of any conflict of laws principles. Venue, Jurisdiction and Service of Process Any Proceeding arising out of or relating to this procurement process or any contract issued by TIPS resulting from or any contemplated transaction shall be brought in a court of competent jurisdiction in Camp County, Texas and each of the parties irrevocably submits to the exclusive jurisdiction of said court in any such proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the Proceeding shall be heard and determined only in any such court, and agrees not to bring any proceeding arising out of or relating to this procurement process or any contract resulting from or any contemplated transaction in any other court. The parties agree that either or both of them may file a copy of this paragraph with any court as written evidence of the knowing, voluntary and freely bargained for agreement between the parties irrevocably to waive any objections to venue or to convenience of forum. Process in any Proceeding referred to in the first sentence of this Section may be served on any party anywhere in the world. Venue for any dispute resolution process, other than litigation, between TIPS and the Vendor shall be located in Camp or Xxxxx County, Texas.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Representations and Warranties Borrower represents and warrants as follows:

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Further Assurances Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

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