Exhibit 10.14
WANGZ BUSINESS CENTRE
0 Xxxxxxx Xxxxxxxxx
Xxx Xxxxxxxxx
#00-00 Xxxxxx Xxxxx Xxx
Xxxxxxxxx 000000
Tel (00) 000-0000
Fax (00) 000-0000
E-mail: xxxxx@xxxxxxx.xxx.xx
Website: xxx.xxx-xxxx.xxx
BUSINESS IDENTITY PLAN IV AGREEMENT
Company/or person (the "Subscriber") Avesta Technologies
Registered Address 0 Xxxxxxx Xxxxxxxxx, Xxx Xxxxxxxxx, #00-00 Xxxxxx
Xxxxx Xxx, Xxxxxxxxx 000000
Business Registration Number -
Nature of Business IT
Name of Person to sign/I.D. No. Xx. Xxxx Xxxxxxx
Contact Number(s) 733 7968/001 61 412449922
Billing Address As above
Service (the "Service") Full Communication Package (FCP)
Monthly Fee S$350.00 per month + 3% GST, i.c. $360.50
(payable quarterly in advance)
Deposit (the "Deposit") S$700.00
Commencement Date 1 June 1999 - 31 Aug. 1999
Telephone Number Assigned 00 0000 000/Fax 0000 000
Voicemail Number 786, Mailbox No: M16
The Service includes the use of Xxxxx's address as a mailing and registered
address; one direct commercial telephone line with telephone answering under
Subscriber's name or Subscriber's company name; convey of messages via
voicemail; and access to (not applicable for Suite 5 or Suite 29) Xxxxx's fax
number. Three hours (min. one hour count) non-cumulative complimentary use of
office/meeting space per month. Charges on fax, secretarial and other business
services and facilities are applicable based on in-house client rates.
The Subscriber hereby applies to Wangz for the Service and agrees that upon
his/her execution hereof, he/she accepts and agrees to the terms and conditions
specified in the Second Schedule overleaf which shall be deemed to be part of
this Agreement.
In consideration of the payment of the Deposit and the first quarter's Retainer
Fee by the Subscriber to Wangz on signing this Agreement in the amount and
manner, and subject to the terms and conditions as specified in the Second
Schedule, Xxxxx hereby agrees to render the Service to the Subscriber.
Approved by Confirmed & Agreed by
WANGZ BUSINESS CENTRE Avesta Technologies
OPERATED BY
Soroti Pte Ltd AVESTA TECHNOLOGIES PTE LTD.
/s/illegible 1 JUNE 99 /s/ XXXX XXXXXXX 1/6/99
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WANGZ BUSINESS CENTRE Director
OPERATED BY
SOROTI PTE LTD
SECOND SCHEDULE
TERMS AND CONDITIONS
1) SUBSCRIBER COMMITMENT
The Subscriber shall, in good faith, subscribe to the Service for a
minimum period of 3 months. Subscriber shall forfeit the Deposit should
he/she terminate the Service prior to the said period and termination
of service in accordance to paragraph (4) shall not apply.
2) ENGAGEMENT OF EMPLOYMENT
To acknowledge that all employees of the Company have entered into an
agreement with the Company not to accept any offer of employment with
any Subscriber or its subsidiary or affiliated companies within six
months from the date of termination of this agreement. If the Company
should agree to release an employee from his agreement and such
employee shall subsequently accept employment with a Subscriber or its
subsidiary or affiliated companies within six months of termination of
his Agreement, the Subscriber agrees with the Company that a staff
placement fee will be due and repayable to the Company which shall be
calculated at 15% of the last annual salary of the employee or $6,000
whichever is the greater. Notwithstanding this, the Company does not
permit any current or formal employee, even after six months of their
termination of employment with the Company, to enter into any form of
employment with the Licensee while the Licensee is still housed in the
Premises of the Company.
3 PAYMENT
The Subscriber shall pay to Wangz, in advance, the quarterly Retainer
Fee and accrued service and facilities charges, if any, prescribed by
Xxxxx periodically. All payments must be paid within 7 days from the
debit note issue date and no reminder will be issued. Payments made to
Wangz shall only be valid and acceptable if made either by cheque or by
direct deposit to Xxxxx's bank account and evidenced by presentation of
the pay-in slip to Wangz and or by other means approved and agreed by
Xxxxx.
4. SUSPENSION OR TERMINATION FOR SERVICES BY WANGZ
Suspension or termination and forfeit of Deposit will be at Xxxxx's
discretion on non-payment and breach of the terms of this Agreement.
Suspension of Service shall be imposed should Wangz fail to receive
payment from the Subscriber within 15 days of the debit note issue date
stated. Full amount of Deposit shall be forfeited as payment for the
respective month. Xxxxx reserves the right to terminate the Service for
any reason which in Xxxxx's opinion has an adverse effect on Xxxxx's
business.
5. TERMINATION OF SERVICE BY THE SUBSCRIBER
Termination of Service by the Subscriber must be served on Wangz at its
registered office in written form giving at least one month's notice
and the Deposit after deducting all costs and expenses of Xxxxx and all
accrued charges, if any, will be refunded 45 days after the date of
termination. Otherwise, the full amount of Deposit shall be forfeited
in lieu of notice.
6. LIMITATION OF SERVICE
i) An additional charge of S$200 per month will be imposed for
each additional company name used but Wangz reserves the right
to limit the Service to one company name per Agreement at its
discretion.
ii) Wangz will only allow each Subscriber a maximum of three
persons to use the Service. A S$50 fee will be applied to each
additional name.
iii) For Subscribers of the Service, only mail, fax and telephone
messages would be conveyed. The Service does not include the
following:
(a) The use of the assigned direct line at Wangz premises
by Subscriber.
(b) The use of Xxxxx's reception area as a meeting or
waiting place.
(c) Handling of parcels. Any parcel received will be
subject to storage charges at the discretion of Wangz
but not less than S$30.00 per parcel on a per day
basis.
7) AMENDMENT OF CONDITIONS
Wangz shall be entitled to vary, add to or modify any of the provisions
of this Agreement and/or alter the amount of the Retainer Fee or any
other fee payable in connection with the Service at any time and from
time to time. Xxxxx will make every reasonable effort to inform the
subscribers by written notification.
8) ADDITIONAL DEPOSIT
An additional deposit will be required should Wangz's costs and
expenses in connection with the Service amount to more than or an
equivalent of 70% of the Subscriber's existing deposit with Wangz.
9) SUPPLY OF CORRECT INFORMATION
At the time of application for the Service, the Subscriber shall supply
to Wangz his/her correct and complete information (including name,
address, telephone number, Business Registration License, identity card
number and Certificate of Incorporation, if any) for completing the
Agreement and shall inform Xxxxx of any change or alteration thereof
immediately. All notices and documents to be given to the Subscriber in
relation to the Service will be sent by ordinary post to the Subscriber
at the latest address supplied by the Subscriber.
10) SUBSCRIBER'S RISK
The Subscriber agrees to subscribe the Service at his/her own risks.
Wangz will not be liable for any losses or damages caused hereof.
/s/ illegible 1 JUNE 99
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WANGZ BUSINESS CENTRE
OPERATED BY
SOROTI PTE LTD
