Service Agreement
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For iBill Complete(TM)
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This Service Agreement for iBill Complete is made by and between Internet
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Billing Company, Ltd. ("iBill") and Adult Mergers, Inc. ("Client").
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In consideration of the mutual covenants herein contained and intending to be
legally bound by the provisions of this Agreement, the parties agree as follows:
1. Description of Services:
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iBill will provide to Client and Client will purchase from iBill the iBill
Complete service (the "Service"). iBill Complete service is an electronic
billing and payment service provided by iBill which allows Client to accept
payment for their services over the internet via credit cards, checking accounts
and telephone billing. As part of the Service iBill also provides the Client
with access to the Commerce Management Interface ("CMI") which allows the Client
to track sales and make certain administrative changes to its account(s)
on-line.
2. Definitions:
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The following terms are defined for use in this Agreement:
"Agreement" means this Service Agreement for iBill Complete.
"Authorized Agent" means an individual duly authorized by the Client to bind the
Client and to act as the primary representative of the Client in order to make
changes to the Client's iBill account.
"Client" means the individual or business entity that agrees to these terms and
conditions and intends to use iBill Complete to sell access to its services.
"Customer" means any person desiring to purchase access to the Client's services
via iBill Complete.
"Customer Charge" means the amount to be charged to the Customer's account for
the purchase of access.
"Chargeback" or "Revoke" means a Customer Charge which the credit card service
company, or Customer's bank or telephone services provider and iBill identify as
being invalid or non-collectible after initial acceptance on account of fraud,
lost, canceled, unissued, invalid account identification, an unresolved customer
complaint, or other cause which results in the deduction of the Customer Charge
from moneys otherwise payable to iBill.
"iBill" means Internet Billing Co., Ltd.
"Proof of Purchase" means an authentication provided to Customer by iBill for
use as an access device to Client's services.
"Reserve" means funds withheld from client sales in order to cover Chargebacks,
Revokes and refunds.
"Service" means iBill's electronic billing and payment services and any related
products and services.
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"Software" means Software and related documentation provided by iBill to Client
in connection with the Service.
"Total Revenue" means Client's revenues for the applicable service (Credit Card,
Telephone Billing, or iBill Checks) before the deduction of applicable Reserve,
Service Fees, and any other charges or obligations.
3. Fees and Reserves:
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3.1 Fees for Credit Card Services. Service fees for iBill's credit card
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billing and payment services are a percentage of the Client's Total
Revenues based on the Client's Total Revenues during the relevant
billing period (billing periods are from the 1st of each month to the
15th of that month, and from the 15th to the 1st of the following
month).
Total Revenues for billing Service Fee If less than 2% total
period adjustments*
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$0-$9,999 15% 15.0%
$10,000-$24,999 14% 13.5%
$25,000-$49,999 13% 12.5%
$50,000-$99,999 12% 11.5%
$100,000- negotiable negotiable
* Clients qualify for an automated service fee reduction of 0.5%
if their total 'adjustments' (Chargebacks and refunds) during a
billing period are less than 2% of Total Revenue.
3.2 Fees for iBill Telephone Billing Service. iBill's Telephone Billing
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service allows the Client to charge for access to their services via a
900 number. iBill's service fees for Telephone Billing are based upon
the retail amount charged for the Client's services as follows:
Charge per call Service Fee
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$2.00 - $3.49 35%
$3.50 - $5.00 30%
$5.01 - $8.00 25%
$8.01 - $35.00 20%
Client may use iBill's shared 900 phone lines for charges of
predefined amounts.
3.3 Fees for iBill Checks. iBill Checks allows the client to charge
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Customers' checking accounts for access to services. The service fee
for iBill Checks is 15% of the Client's Total Revenue.
3.4 Fees for Credit Card Services Chargebacks. Should Client's Chargebacks
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exceed 2.5% of Client's Total Revenue (prior to any reductions for
Chargebacks) in any month of the term of the Agreement, Client will be
charged a $15 fee for each Chargeback in excess of 2.5% of Client's
Total Revenue (prior to any reductions for Chargebacks) in the
applicable month. This Chargeback threshold shall be subject to change
at iBill's sole discretion based on changes in card association
regulations regarding allowable Chargeback levels.
3.5 Reserve. Reserve for Chargebacks, Revokes and refunds for all iBill
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services is 10% of Client's Total Revenues held for a period of six
months. iBill shall have the right, in its sole discretion, to adjust
the amount held and holdback period as is deemed necessary as security
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against future Customer Chargebacks, Revokes and refunds after
notification to the Client.
4. Advertising:
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When advertising the use of iBill Services, the ad or screen must state:
(i) The customer's cost for the service offered (or cost of the call for
Telephone Billing).
(ii) A description of the product.
(iii) That iBill Complete is a service of Internet Billing Company, Ltd. with a
link to: xxxx://xxx.xXxxx.xxx.
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(iv) For iBill Telephone Billing services, anytime the 900 number is
displayed, the charges for the call and all other requirements listed
above must also be displayed, at the same time and for the same duration.
5. Payment:
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5.1 Credit Card and iBill Checks Services. Client sales will be processed
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on the 1st and 15th of each month for the payment period ending 15
days prior. Company will deliver its payments to Client as promptly
after these dates as is practicable. The payment due the Client is
equal to the sum of Client's Total Revenues during the specified time
period LESS (i) the sum of all Customer Charges denied, refused, or
charged back by the credit card service company during the period,
(ii) all refunds processed on account of Client's Customer Charges
during the period, (iii) the Reserve as described above, (iv) the
Service Fee as described above, and (v) all taxes, penalties, charges
and other items reimbursable hereunder or otherwise occurring during
the period including but not limited to any indemnification
obligations. The Service Fee shall be determined by first computing
the amount due Client without regard to the Service Fee and the items
described under (v) and by then applying the appropriate Service Fee
percentage to the result. Client shall be responsible for all charges
associated with requests to stop payment on any checks issued by
iBill. Client payments shall only be made at the end of a payment
period where the payment due to the Client is in excess of $50. If the
payment due to the Client at the end of a payment period is less than
$50, then payment to the Client shall be held over to end of the
succeeding payment periods until such time as the accumulation of
Client's payments equal or exceed $50. Should iBill's payment to
Client never equal or exceed $50 at any point in the twelve month
period beginning on the Client's activation of service, the payment
shall be forfeit to iBill to cover administrative charges.
5.2 iBill Telephone Billing Service. Payments are calculated on the 27th
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day of each month. Payments due the Client are processed on the 15th
of each month two months in arrears, for example, payments calculated
from December 27th through January 27th will be processed on March
15th. Company will deliver its payments to Client as promptly after
the 15th of the month as is practicable. The payment due the Client is
equal to the sum of Client's Total Revenues during the specified time
period LESS (i) the sum of all Customer Charges denied, refused, or
charged back by the credit card service company during the period,
(ii) all refunds processed on account of Client's Customer Charges
during the period, (iii) the Reserve as described above, (iv) the
Service Fee as described above, and (v) all taxes, penalties, charges
and other items reimbursable hereunder or otherwise occurring during
the period including but not limited to any indemnification
obligations. The Service Fee shall be determined by first computing
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the Client's Total Revenue without regard to the Service Fee and the
items described under (v) and by then applying the appropriate Service
Fee percentage to the result. Client shall be responsible for all
charges associated with requests to stop payment on any checks issued
by iBill.Client payments shall only be made at the end of a payment
period where the payment due to the Client is in excess of $50. If the
payment due to the Client at the end of a payment period is less than
$50, then payment to the Client shall be held over to end of the
succeeding payment periods until such time as the accumulation of
Client's payments equal or exceed $50.
5.3 Payment via U.S. Mail. There is no charge for payments made via U.S.
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Mail. Should Client's payment be returned to iBill as undeliverable,
iBill will attempt to contact the Client via e-mail. If iBill is
unable to contact the Client via e-mail and a second consecutive
payment is returned as undeliverable, Client's payment shall be
forfeit to iBill to cover administrative charges.
5.4 Payment by ACH Direct Deposit (U.S. Bank Accounts only). There will be
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a charge of $5.00 for each payment made to Client via ACH. The
Client's bank may charge an additional fee for accepting ACH deposits.
There is a 20 day pre-note verification period before the first ACH
deposit can be made. Deposits will not be made if the amount due is
less than $10.00. The authorization to use ACH Direct Deposit shall
remain in force until such time as iBill and Client's bank have
received written notice from Client of its termination, in such a time
and manner as to afford iBill and Client's bank reasonable opportunity
to act on such notice. Any outstanding balances not credited to Client
shall roll over to Client's next billing cycle. By participating in
ACH Direct Deposit Client authorizes iBill to deposit amounts owed
Client by initiating credit entries to Client's account at the
financial institution indicated on the form submitted to iBill. Client
further authorizes Bank to accept and to credit any credit entries
indicated by iBill to Client's account. In the event that iBill
deposits funds erroneously into Client's account, Client authorizes
iBill to debit Client's account for an amount not to exceed the
original amount of the erroneous credit, and Client shall be
personally liable for any amounts that are not available for debit.
5.5 Payment by Wire Transfer. There will be a charge of $37.00 for each
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wire transfer made. Deposits will not be made if the amount due is
less than $150. Any outstanding balances not credited to Client shall
roll over to Client's next billing cycle. Client authorizes iBill to
deposit amounts owed Client by initiating credit entries to Client's
financial institution indicated on the form submitted to iBill. Client
further authorizes Client's financial institution to accept and credit
any entries indicated by iBill to Client's account. In the event that
iBill deposits funds erroneously into Client's account, Client
authorizes iBill to debit Client's account for an amount not to exceed
the original amount of the erroneous credit, and Client shall be
personally liable for any amounts that are not available for debit.
This authorization is to remain in full force and effect until iBill
and Client's financial institution have received written notice from
Client of its termination, in such time and manner as to afford iBill
and Client's financial institution reasonable opportunity to act on
such notice.
6. Spam:
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"Spam" generally involves the sending of unsolicited commercial e-mail. While
iBill cannot monitor the manner in which clients advertise, upon receipt of a
complaint, iBill shall notice the Client. Upon the second complaint of Spam sent
to the same recipient, iBill reserves the right to suspend the Client's account,
until such time as iBill receives assurances that the Client shall refrain from
engaging in Spam.
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7. RevShare Program:
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Clients participating in the RevShare program, authorize iBill to pay any
RevSharer(s) included in the RevShare Application submitted to iBill on Client's
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behalf. Further, Client authorizes iBill to first deduct any amounts due to be
paid on Client's behalf to RevSharer(s) from any funds that are due Client
during each processing period. Funds withheld for RevSharers are paid by iBill
twice per month on the 8th and 22nd of each month. Client understands that
RevSharers will be responsible for their portion of Chargebacks and refunds,
however, when funds are not available for the RevSharer to cover these
adjustments, any shortage will be adjusted from Client's Master Account(s).
Client understands that any requests made by Client to modify, suspend, or
terminate payment to RevSharer(s) will not be honored once RevSharer(s) have
processed any transaction on behalf of Client, unless payment to RevSharer(s)
would be unlawful. iBill reserves the right to modify, suspend, or terminate any
RevSharer ID for any reason, without prior notice.
8. Loyalty Discount Program:
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Clients participating in the Loyalty Discount program agree that they understand
the manner in which the system works. The Client agrees that iBill is in no way
guaranteeing increased revenues, longer retention, nor any other additional
economic benefits, but merely providing an additional service that may or may
not help Client's business. Client understands and acknowledges that once there
are subscribers to Clients Loyalty Discount program, such subscriber payment
schedules cannot be changed. iBill shall not be responsible for any Client
errors in selecting pricing schedules, the only available remedy is to cancel
the subscriber.
9. End User Information:
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Client understands that any information accepted by iBill from end users is the
property of iBill, and shall remain the property of iBill upon cancellation of
this Agreement.
10. Transaction Limits:
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iBill may impose limits on the amount or number of purchases which may be
charged to an individual credit card account during any time period, or refuse
to accept orders from Customers with a prior history of questionable charges.
iBill may impose transaction limits on Client either temporarily or permanently
which are more restrictive than limits placed on other clients in order to
reduce iBill's reasonable apprehension of risk of loss under varying
circumstances. iBill is in no way responsible for any losses sustained by
Client, including claims for lost profits, on account of the imposition of
transaction limits for any reason.
11. Refund Policy:
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iBill will use commercially reasonable efforts to direct inquiring and
complaining Customers to utilize the customer support services offered by Client
in order to resolve all disputes and complaints, however, iBill reserves the
right to issue a refund without the knowledge or consent of Client in any case
that it deems appropriate.
12. Customer Support:
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Client shall at all times have the ability to respond to inquiries from its
Customers promptly and shall endeavor to resolve disputes with Customers
amicably. The occurrence of complaints from Customers and/or inquiries or
Chargebacks regarding Client's services may be cause for termination of this
Agreement if such events occur with unacceptable frequency as determined in the
sole discretion of iBill. In addition, iBill reserves the right to charge Client
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reasonable fees and recover its expenses on account of excessive customer
inquiries, refunds, or Chargebacks. Prior to imposing such fees and attempting
to recover its costs, iBill shall notify Client of the details and nature of the
problems and attempt to find mutually acceptable solutions. If iBill and Client
are unable to achieve mutually acceptable solutions, Client shall have the
option of continuing this Agreement subject to the additional fees and costs
imposed by iBill or of terminating this Agreement.
13. Passwords:
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Client is wholly responsible for maintaining the confidentiality of Client's
password and account and for any and all activities that occur under Client's
account
14. Proofs of Purchase:
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Client shall accept iBill Proofs of Purchase only as payment for access to its
services. Client may not accept Proofs of Purchase as payment for the sale or
use of goods or property of any kind under this Agreement. Client may under no
condition utilize Telephone Billing as a payment mechanism to accept Proofs of
Purchase as payment for goods or property.
15. Regulation Authorization, Client Representations:
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Client represents and warrants that it is legally authorized and has obtained
all necessary regulatory approvals and certificates to provide any services it
intends to offer. Client further represents and warrants that it will comply at
all times with all applicable federal, state/provincial, or local laws, rules
and regulations including any applicable card association or Automated Clearing
House rules.
Client is fully responsible for the content of its Web site and for the
advertising and promotion of all of Client's products or offerings. Client
represents and warrants to iBill that it is the owner or that it has full right
and authority to use and disseminate all information, data, graphics, text,
video, music or other intellectual property which either forms a part of its Web
site, which is provided by Client to Customers, or which is used by Client in
its advertising and promotion to Customers. The Client agrees to accept any
valid Proof Purchase provided by iBill as payment for access to the Client's
services.
16. Confidentiality, Intellectual Property.
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IBill's services and all information and documentation relating thereto shall be
held in confidence by Client and may not be used by Client (other than for the
furtherance of the purposes of the Agreement) nor disclosed to third parties
without iBill's prior written consent. This includes the discovery of any errors
or omissions in the services. The terms and conditions of this Agreement may not
be disclosed or made available by either party hereto to third parties without
the prior written consent of the other party. Notwithstanding anything in this
Agreement to the contrary, either party may disclose to third parties the fact
that Client is using iBill's services.
Client recognizes that the services and documentation are and contain the
valuable, confidential and trade secret information of iBill.
17. Software:
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In consideration for payment of any applicable fees, Client is granted a
personal, non-exclusive, non-transferable license to use the Software, in object
code form only, solely in connection with the Service (the "License"). Client
shall not: (i) attempt to reverse engineer, decompile, disassemble or otherwise
translate or modify the Software in any manner; or (ii) sell, assign, license,
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sublicense or otherwise transfer, transmit or convey Software, or any copies or
modifications thereof, or any interest therein, to any third party. All rights
in the Software, including without limitation any patents, copyrights and any
other intellectual property rights therein, shall remain the exclusive property
of iBill and/or its licensors. Client agrees that the Software is the
proprietary and confidential information of iBill and/or its licensors subject
to the provisions of Section 14 ("Confidential Information") above. The License
shall immediately terminate upon the earlier of: (i) termination or expiration
of this Agreement; (ii) termination of the Service(s) with which the Software is
intended for use; or (iii) failure of Client to comply with any provisions of
this Section.
18. Taxes:
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The Client is fully responsible for and agrees to pay all taxes and other
charges imposed by any government authority on the services provided under this
Agreement and on any transactions processed pursuant to this Agreement.
19. Limitations of Liability:
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IBILL ASSUMES NO LIABILITY FOR DISRUPTIONS OR IMPROPER OPERATION OF THE SERVICE
FOR ANY REASON, INCLUDING, BUT NOT LIMITED TO, VANDALISM, THEFT, PHONE SERVICE
OUTAGES, INTERNET DISRUPTIONS, EXTREME OR SEVERE WEATHER CONDITIONS OR ANY OTHER
CAUSES IN THE NATURE OF "ACTS OF GOD" OR FORCE MAJEURE. IBILL SHALL NOT BE
RESPONSIBLE FOR CONSEQUENTIAL DAMAGES OR PUNITIVE OR EXEMPLARY DAMAGES UNDER ANY
CIRCUMSTANCES. IN NO CASE SHALL CLIENT BE ENTITLED TO RECOVER DAMAGES FROM IBILL
WHICH EXCEED THE SUM OF THE AMOUNTS OF FEES RETAINED BY IBILL UNDER THIS
AGREEMENT DURING THE ONE MONTH PRIOR TO THE EVENT GIVING RISE TO THE CLAIM FOR
DAMAGES.
20. Disclaimer of Warranties:
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EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT, IBILL MAKES NO WARRANTIES,
EXPRESS OR IMPLIED, AS TO ANY IBILL SERVICES, RELATED PRODUCTS, SOFTWARE OR
DOCUMENTATION. IBILL SPECIFICALLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES,
INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE.
21. Indemnification:
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Client agrees to indemnify and hold harmless iBill, its employees, officers,
agents, and directors from any and all fines, penalties, losses, claims,
expenses (including attorney fees), or other liabilities resulting from or in
connection with this Agreement. iBill assumes no liability of Client for failure
to comply with this Agreement and any results caused by the acts, omissions or
negligence of Client, sub-contractor or an agent of Client or an employee of any
one to them, including, but not limited to, claims of third parties arising out
of or resulting from or in connection with Client's products or services,
messages, programs, caller contracts, promotions, advertising, infringement or
any claim for libel or slander or for violation of copyright, trademark or other
intellectual property rights. iBill may deduct the above described fines,
penalties, losses, claims, expenses (including attorney fees), or other
liabilities from the proceeds of Client's sales.
22. Term:
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The term of this Service Agreement shall be for 12 months beginning upon
execution of this document by Client and subsequent acceptance by iBill, and
shall automatically renew at the end of each consecutive 12 month period unless
iBill receives written notice of non-renewal from Client no less than 30 days
prior to the expiration of such 12 month period. iBill reserves the right to
terminate this Agreement without cause upon 30 days prior notification to
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Client. iBill may further terminate this Agreement immediately without notice at
any time Client breaches any part of this Agreement. Upon termination, notice of
non-renewal or cancellation of this Agreement payment shall be made in
accordance with the Section entitled "Payment", above.
23. Survival of Claims:
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Any claim arising out of or related to this Agreement must be brought no later
than one (1) year after it has accrued.
24. Invalid or Non-enforceable Provisions:
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The invalidity or non-enforceability of any provision of this Agreement, as so
determined by a court of competent jurisdiction, shall not affect the other
provisions hereof, and in any such occasion this Agreement shall be construed in
all respects as if such invalid or non-enforceable provision were omitted.
25. Account Claims and Disputes:
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If another person or entity makes a claim against funds in Client's account, or
if iBill has reason to believe there is or may be a dispute over matters such as
ownership of the account or the authority to receive payment, or make changes to
the account, iBill may, in its sole discretion, (1) continue to rely upon
current iBill documents; (2) honor the competing claim upon receipt of evidence
iBill deem satisfactory to justify such claim; (3) freeze all or part of the
funds until the dispute is resolved to iBill's satisfaction; or (4) pay the
funds to an appropriate court of law for resolution.
26. Choice of Law/Venue:
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This Agreement shall be construed and enforced in accordance with the laws of
the State of Florida and the venue for any action, dispute or proceeding with
respect to this Agreement shall be Broward County, Florida.
27. Captions:
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The captions in this Agreement are for convenience only and shall not be used in
interpreting, construing, performing or enforcing this Agreement.
28. Amendments and Modifications:
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No Amendment or modification of this Agreement shall be valid unless same is in
writing and signed by all parties hereto. iBill may amend this Agreement to take
into account changes in law or regulations or industry mandates and to
accommodate changes imposed on iBill, and to make other changes deemed necessary
by iBill, provided that such changes do not materially alter the ongoing
obligations of the parties, by sending Client a specimen of the changed
Agreement, or making a specimen of the changed agreement available upon a web
page located on the internet. Unless Client rejects the changed Agreement and
terminates this Agreement by notice to iBill in writing within fifteen (15) days
after iBill sends the changed Agreement, or makes said changed agreement
available on the internet, the changed Agreement shall replace this Agreement
and be in full force and effect.
29. Authorized Agent, Account Changes:
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Account changes of any type may only be made via the Client's designated
Authorized Agent. In order to change the Authorized Agent, the iBill Statement
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of Change of Authorized Agent form must be filled out, signed, and submitted to
iBill. The Statement of Change of Authorized Agent form is the only notice
recognized by iBill that the current Authorized Agent is no longer permitted to
make changes to the account. Any change in the authority of Authorized Agents
will not be effective until three (3) business days after iBill's receipt of the
Statement of Change of Authorized Agent form, provided that iBill may recognize
such change earlier at its discretion. The Client agrees that in instances where
iBill has relied upon the implied, apparent, and/or express authority of the
Authorized Agent, iBill shall be held harmless for any damages incurred by the
Client or any third party, due to changes made to the Agreement or Client
account by such Authorized Agent. Client must provide a valid, working e-mail
address on enrollment. Any changes to Client's account via e-mail must be made
via the e-mail address provided on enrollment. iBill shall not be responsible
for any unauthorized changes made to Client's account via this e-mail address.
30. Notices:
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Unless otherwise specified herein, any notices or other communications required
or permitted hereunder shall be sufficiently given if in writing and delivered
personally or sent by facsimile transmission, internationally recognized
overnight courier, registered or certified mail (postage prepaid with return
receipt requested), to the address or facsimile number of Client or iBill as set
forth below. Such notices or other communications shall be deemed received (i)
on the date delivered, if delivered personally, (ii) on the date that return
confirmation is received, if sent by facsimile, (iii) on the business day after
being sent by an internationally recognized overnight air courier or (iv) five
days after being sent, if sent by first class registered mail, return receipt
requested.
Internet Billing Company, Ltd. Adult Mergers, Inc.
0000 Xxxx Xxxxxx Xxxx, Xxxxx 000 0000 Xxxxxx Xxxxxx
Xx. Xxxxxxxxxx, XX 00000 Xxxxxxxxx, XX X0X 0X0 Xxxxxx
Attn: Legal Department Attn: Xxxxxxx Xxxxx, President
Fax: 000-000-0000 Fax: x(000) 000-0000
31. Survival of Obligations:
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The rights and obligations of the parties hereunder which by their nature would
continue beyond the termination or cancellation of this Agreement (including,
without limitation, those relating to confidentiality, payment of charges and
limitations of liability) shall survive any termination or cancellation of this
Agreement.
32. Transfer and Assignment:
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Client may not sell, assign or transfer any of its rights or obligations under
this Agreement without the prior written consent of iBill (which consent may not
be unreasonably withheld).
33. Authorization; Entire Agreement:
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The persons signing or otherwise accepting this Agreement on behalf of the
Client represent and warrant that they have the authority to enter into this
Agreement on behalf of the Client. This Agreement contains the entire agreement
of the parties and supercedes any other agreements (written or oral),
instruments or writings as to its subject matter.
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IN WITNESS WHEREOF, the parties, intending to be legally bound, have duly
executed this Agreement affected as of the date set forth.
iBill: Adult Mergers, Inc.:
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By: By:
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Name: Name:
--------------------------------- ---------------------------------
Title: Title:
-------------------------------- ---------------------------------
Date: Date:
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