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EXHIBIT 6.10
SOLUTIONNET
SUPPLY AGREEMENT
THIS AGREEMENT made on 31st August, 2000, between:
M/s. SolutionNet Asia Pacific Pte Ltd. ("SolutionNet")
0 Xxxxxxx Xxx
Xxxxxxxxx 000000, Represented by Xx. X X Xxxxxxxxxxxx
Manager - Eservices
M/s. GVMS Online Pte Ltd. ("GVMS")
0 Xxxxxxx Xxx
Xxxxxxxxx 000000 Represented by Mr. TRV Rajan
India Director
WHEREAS:
GVMS wishes to buy the software and the IPR of GVMS Project from SolutionNET.
Now this agreement bears witnesseth to and is hereby agreed between the parties
as follows:
1. SUBJECT OF CONTRACT
SolutionNet shall supply and transfer the ownership of the software produced
under GVMS Product Development at the agreed rates as below:
TYPE OF PRODUCT AMOUNT IN SINGAPORE $
GVMS Software S$177,500-00
(Global Voice Mail System-Software)
2. ITERATIONS:
1. GVMS HAS CONFIRMED THAT IT HAS TESTED THE SOFTWARE AND HAS NO
COMMERCIAL SUBSCRIPTION PAYING CUSTOMERS USING THE SERVICES.
2. THE REVENUE MODEL FOR GVMS IS FRANCHISE FEE AND THE CUSTOMER
SUBSCRIPTIONS AND THE CASH FLOW IS EXPECTED OVER MEDIUM TERM
FROM ITS REVENUE.
3. SOLUTIONNET WILL PROVIDE THE TECHNICAL SUPPORT FOR THE PERIOD
OF 1 YEAR AS PART OF THE CONTRACT.
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3. PAYMENT TERMS:
1. In consideration for the supply of the products, GVMS shall
pay SolutionNet the sums of money as agreed above within a
period of 2 years from the date the Invoice raised.
2. The payment will be done on quarterly basis based on the cash
flow position of GVMS and will be completed within the 2 years
from the date of the invoice.
3. Payment by GVMS shall be without prejudice to any claims or
rights which GVMS may have against SolutionNet.
4. TERMINATION:
This agreement shall terminate automatically on full payment of the
consideration by GVMS for the supply of the above License rights by SolutionNet.
5. APPLICABILITY OF LAW AND JURISDICTION:
This agreement shall be construed and governed in accordance with the laws of
Republic of Singapore.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed on the day and the year first above written.
Signed by:
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X X Xxxxxxxxxxxx RV Rajan
Manager -Eservices Director
SolutionNet (AP Pte Ltd GVMS Online Pte Ltd
Date: 31st August, 2000