Exclusive Services Agreement
Exhibit 4.19
This Exclusive Services Agreement (this “Agreement”) is concluded in Beijing on January 11, 2021 by and between:
Party A: Abitcool (China) Broadband Inc.
Registered address: Xxxx 00, 0/X, Xxxxxxxxxxxxxx Xxxxxxx Xxxxxxxx, Xx.0 Zhongxing Road, Hongmei Town, Dongguan
Party B: WiFire Network Technology (Beijing) Co., Ltd.
Registered address: Xxxx 000, Information Building, Xx. 00, Xxxxxx Xxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxx
Upon equal and voluntary negotiation, both Parties reach a consensus on the provision of Internet technical services and management consulting services under the Exclusive Technical Consulting and Service Agreement entered into by and between Party A and Party B on January 11, 2021, and hereby agree as follows:
1. | During the term of this Agreement, Party A shall provide Party B with, and Party B agrees to receive from Party A, the management consulting and Internet technical services. |
2. | During the term of this Agreement, without the prior consent of Party A, Party B shall not seek any entity or individual other than Party A to provide management consulting and Internet technologies or such other similar services. |
3. | Service fees shall be calculated and paid as per RMB1,000/hour, which may be adjusted by Party A at any time at its sole discretion and decision. Service fees shall be paid on a monthly basis. Every month, Party B shall pay the Service Fees within 5 days after examining and verifying the invoice issued and provided by Party A. |
4. | All intellectual property rights generated in Party A providing services hereunder shall belong to Party A; provided, however, that if compulsory legal provisions have provided otherwise, such compulsory legal provisions shall apply with respect to the determination of the ownership of the intellectual property rights. |
5. | The Parties shall each ensure that they have all rights, qualifications and capacity necessary for negotiation, execution and performance of this Agreement. |
6. | The Parties shall each keep confidential the confidential information obtained from the other signing party in the process of negotiation, execution and performance of this Agreement. |
7. | This Agreement shall terminate when a new agreement has been entered into between the Parties in connection with service matters set out hereunder. |
8. | This Agreement shall be executed in two counterparts, with each party holding one copy. |
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[Signature Page to Exclusive Services Agreement]
Party A: /s/ Abitcool (China) Broadband Inc.
Party B: /s/ WiFire Network Technology (Beijing) Co., Ltd.
