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This
Subscriber's Licence Agreement ("Agreement") between ITP
Technologies (Malaysia) Sdn Bhd (Company No. 606574-P) (formerly
known as Feltwell Corporation Sdn. Bhd.) ("ITPM"), a company incorporated
in Malaysia and having its business address at 25-30, 3rd Floor,
IOI Business Park, No. 1 Persiaran Puchong Jaya Selatan, 47100
Puchong, Selangor, Malaysia, its e-mail address at itp.support
@afoofa.com and fax number at 03-8064 8219 and the party identified
in Appendix A herein ("Subscriber") and is made on the date described
therein ("Effective Date").
RECITALS
A.
ITPM is authorized to Licence an internet booking engine software
solution(s) known as Netmyne e-Travel Reservation Service ("Solution(s)")
more specifically described in Appendix B herein, which facilitates
and enables online reservations of flights and hotel accommodation
as may be available from time to time supplied by third party
suppliers via the Internet.
B.
Subject to the terms and conditions set forth in this Agreement,
Subscriber desires to apply for the Licence to use the Solution(s)
and access the Reservation Service.
NOW
THEREFORE, in consideration of the mutual promises and covenants
contained herein and intending to be legally bound, the Subscriber
agrees to the terms and conditions as follows:
TERM
& CONDITIONS
1
Definitions
For
the purposes of this Agreement, the definitions set forth in this
Clause shall apply to the respective capitalized terms:
1.1.
"Affiliates" shall mean the related companies of ITPM and/or
its licensors, holding companies, subsidiaries and partners.
1.2.
"Authorized Administrators" persons duly authorized by
the Subscriber to access the administration module of the Solution(s).
1.3.
"Billing Partner" shall mean TM NET SDN. BHD. (Formerly
known as Multimedia Management Sdn. Bhd., Company No. 451011-M)
a company incorporated under the laws of Malaysia and having its
Principal Place of Business at TMIT Complex, 3300 Lingkaran Usahawan
1 Timur, 63000 Cyberjaya, Selangor Darul Ehsan, which is the duly
appointed by ITPM to bill and collect such fees payable by the
Subscriber under this Agreement.
1.4.
"Content" shall mean Information Content and Inventory
Content collectively.
1.5.
"Customer Support Services" shall mean all customer support
services which are required by a User / an end-purchaser of the
Travel Products, i.e. using e-mails, telephone or otherwise, including
but not limited to queries, cancellations or change of requests
and liaising with the Suppliers or their respective agents providing
the Travel Products.
1.6.
"Database" means any data in respect of Flight Data and
Hotel Data and any data inserted by the Subscriber and the Users¹
information maintained and hosted by ITPM and/or Affiliates including
but not limited to Reservations, cancellation and refund policies,
mark-ups or personal contact information of the Users. For avoidance
of doubt, all information and/or date in the Database shall belong
to ITPM.
1.7.
"Fares" include such negotiated fares, promotional fares
and seasonal fares, as and when available, of air transportation/
flights provided by Suppliers from time to time.
1.8.
"FlightPlatform" shall mean that part of the Solution(s)
that enables its subscribers to utilize a series of hosted web
pages from a specific URL whereby reservations of flights based
on the Flight Data on the designated global distribution system
can be made.
1.9.
"Flight Data" shall mean the air transportation / flight
itineraries with the relevant Fares displayed in the Reservation
Service.
1.10.
"Fulfilment Services" shall mean the services to arrange the
issuance of airline tickets and hotel vouchers (if applicable)
to the Users upon each successful Transaction.
1.11.
"Government" shall mean the government of Malaysia.
1.12.
"Hotel Data" shall mean the information or description
in respect of a Hotel including but not limited to room type,
room rate, and cancellation and refund policies (if any) maintained
and/or hosted by ITPM and/or its Affiliates in a digital database
based on the information provided by the Suppliers.
1.13.
"HotelPlatform" shall mean that part of the Solution(s)
that enables its subscribers to utilize a series of hosted web
pages from a specific URL whereby reservations for Hotel accommodation
based on the Hotel Data in the Reservation Service.
1.14.
"Information Content" includes all information other than
Inventory Content displayed in the ITP Hosted Pages, provided
by ITPM and/or its third party suppliers.
1.15.
"Inventory Content" includes "Flight Data" and "Hotel Data"
displayed in the Reservation Service.
1.16.
"ITPM Hosted Pages" shall mean the web pages hosted by
ITPM for the Subscriber to access the Solution(s) and use the
Reservation Service.
1.17.
"Reservation" shall mean any booking or reservation of
flights and/or hotel accommodation made using the Reservation
Service.
1.18.
"Reservation Service" means the online travel reservation
system powered by the Solution(s) that displays the Inventory
Content.
1.19.
"Suppliers" shall mean third party providers of the inventory
for the flights and hotel accommodation in the Reservation Service
and such other independent supplier(s), which includes travel
agents, the relevant airlines and hotels.
1.20
"Subscriber's ID" means the login identity(ies) and password(s)
("Passwords") issued to the Subscriber to identify the Subscriber's
account for the use of the Reservation Service and for the purpose
of enabling the Subscriber and persons authorized by Subscriber
(Authorised Administrators) to access the administration module
of the Solution(s).
1.21.
"Transaction" means a confirmed Reservation via the Subscriber's
ID account and evidenced by a Passenger Name Record ("PNR") and/or
an e-mail confirming a hotel reservation subject to the relevant
Supplier¹s terms and conditions.
1.22.
"Users" shall mean the consumers or purchasers of flights
and/or hotel accommodation using the Reservation Service.
1.23.
Words importing the masculine gender shall include the feminine
and neuter genders. Words importing the singular shall include
the plural and vice versa. Headings are for convenience of reference
only.

2
Consideration
2.1
In consideration of the Subscriber's payment of the relevant fees
to ITPM described in Appendix C herein and SUBJECT TO the terms
and conditions set out in herein this Agreement, ITPM hereby agrees
to:
(a)
Subscriber's ID Upon the receipt of ITPM of the Set Up Fee described
in Appendix C, ITPM shall issue the Subscriber with a Subscriber's
ID and Passwords for the purpose of enabling the Authorized Administrators
of the Subscriber to access the administration module to the Solution(s).
(b)
Grant of Licence to use Solution(s) & Reservation Service Grant
the Subscriber a non-exclusive, non-transferable, limited right
to access and use the Solution(s) ("Licence") more particularly
described in Part 1 of Appendix B, for the duration of this Agreement,
PROVIDED ALWAYS THAT the Subscriber shall adhere to the terms
and conditions herein and pay the Monthly Licence Fee as described
in Appendix C.
3.
Conditions of Licence and Use of Reservation Service
The
Subscriber acknowledges and agrees that the Licence granted herein
are subject to the following terms and conditions:
3.1 The Subscriber hereby irrevocably grants ITPM the absolute
right to appoint, on behalf of the Subscriber, the persons / bodies
to provide Fulfilment Services and/or Customer Support Services
to Users to complete and fulfil the Transactions (where applicable)
in accordance with the standard operating procedures and service
levels as may be determined by ITPM from time to time. ITPM reserves
the right to require the Subscriber to enter into an agreement
with such ITPM¹s nominated persons / bodies directly, to provide
the Fulfilment Services and/or Customer Support Services, failing
which, ITPM reserves the right to immediately terminate this Agreement.
For the avoidance of doubt, the continued use of the Solutions(s)
and/or the Reservation Service by the Subscriber shall mean the
Subscriber's acceptance of the terms of appointment of such persons
/ bodies nominated by ITPM. ITPM reserves the right to change
the appointed persons / bodies at ITPM¹s discretion by notifying
the Subscriber in due course.
3.2
The Subscriber shall not contravene any law, regulations, legislations,
guidelines wherever applicable and in whichever jurisdiction,
in relation to the use of the Solutions and Reservation Service
under this Agreement. In the event of any amendments or changes
in the law, regulations, legislations and guidelines that may
affect the Subscriber under this Agreement, the Subscriber agrees
to comply accordingly including application of permits and licences
required by the Government (if any).
3.3
ITPM may add, replace and/or remove any Supplier to / from the
Reservation Service at anytime without prior notice to the Subscriber.
3.4
ITPM may add, replace, remove, amend, delete and/or modify the
Information Content and/or the Inventory Content in the Reservation
Service at anytime without prior notice to the Subscriber.
3.5 The Subscriber shall not be entitled to seek any damages and/or
compensation howsoever from ITPM and/or its Affiliates and/or
any of the Suppliers in the event of such modification of the
Inventory Content or cessation of the participation of any supplier
to provide any of the Inventory Content.
3.6
ITPM may alter, replace, remove, modify and/or enhance the provision
of any part or all of the Solution(s) and/or the Reservation Service
at its absolute discretion without prior notice to the Subscriber.
3.7
The Subscriber consents to receive any marketing information from
ITPM and/or its Affiliates by any manner whatsoever, from time
to time.
3.8
The Subscriber shall keep confidential and bear full responsibility
for ensuring that all reasonable steps are taken to safeguard
the proper use, security and confidentiality of the Subscriber's
ID and Passwords. ITPM and/or Affiliates shall assume and deem
that any person accessing or using the Solution(s) using those
Subscriber's ID and Passwords are the Subscriber's Authorized
Administrators.
3.9
The Subscriber further agrees to keep confidential and bear full
responsibility for the Database and all electronic information,
including Users' information, email and financial, accounting,
cancellation and refund policies (if any) and other data entered
through or under the authorized Subscriber's ID or passwords into
the Solution(s). In the event of any conflict between the information
provided by the Subscriber in the Reservation Service via the
Solution(s) and the Flight Data and/or Hotel Data, the Flight
Data and the Hotel Data shall take precedence.
3.10
The Subscriber agrees to comply and to ensure that all Authorized
Administrators comply with all advice and instructions given by
ITPM and/or Affiliates from time to time with regard to the access
to the Solution(s) and all matters in connection with this Agreement.
3.11
The Subscriber agrees not to:
(a)
act in any manner which is inconsistent with the intellectual
property rights of ITPM, its licensors and Affiliates and the
terms and conditions governing the Licence set out in this Agreement
and/or all advice and instructions given by ITPM from time to
time with regard to access and use of the Solution(s) and/or
the Reservation Service;
(b)
cause or permit the disclosure, copying, renting, selling, assigning,
transferring, conveying, licensing, sublicense, leasing, dissemination,
distribution or the access to the Solution(s) or propagate the
Solution(s) by creating its own links to the Solution(s) or
any part thereof and/or the Reservation Service hereof by any
means (whether by operation of law or otherwise) or in any form
to any distributor or reseller or any other third party whatsoever
without the prior written consent of ITPM unless otherwise permitted
pursuant to the terms of this Agreement;
(c)
reverse engineer, hack, alter, tamper, modify, replicate the
Solution(s) or in any way exploit for the Subscriber's own commercial
benefit or for the benefit of another, or do or allow to be
done anything whatsoever which is contrary to the purpose for
which the Solution(s) is provided in accordance with this Agreement;
(d)
permit any form of shared use of the Solution(s) for any purposes
whatsoever except strictly in accordance with the provisions
of this Agreement;
(e)
not to alter, tamper with or modify the Information Content
and the Inventory Content.

4.
Suspension Of Solution(s)
4.1 ITPM may, at any time, at ITPM's sole and absolute discretion,
disable, discontinue, temporarily suspend or restrict the Subscriber
and/or the Users access, to any part or all of the Solution(s)
and/or the provision of the Content Services and/or the Reservation
Service (as the case may be) or to any module/component of any
or all of the Solution(s) and/or the Reservation Service and/or
the provision of the Content Services:
(a)
for the purpose for repair, maintenance or improvement, upgrading
or for any reason whatsoever, without being required to give
any reasons therefore or advance notice to the Subscriber for
such duration as shall be determined by ITPM and
(b)
in instances where the performance of the Solution(s) and/or
the provision of any Services is adversely affected due to the
Subscriber's and/or the Users (if applicable) actions or inactions
("Disabling Events"), such suspension or restriction shall continue
until such time that the Disabling Events are rectified or corrected
by the Subscriber and/or the Users (if applicable), as the case
may be, to ITPM's full satisfaction.
The
Subscriber agree that the Subscriber shall not be entitled to
any damages, setoff, discount, refund or other credit from ITPM
in the event of any of the above-mentioned disconnection or service
outage.
5. Term and Termination
5.1 This Agreement shall commence from the date of this Agreement
for a minimum term of ONE (1) year ("Initial Term") and shall
continue indefinitely subject to yearly review of the Monthly
Licence Fee (if any) at ITPM's discretion, which shall be notified
by ITPM to the Subscriber. The continued access to the Solution(s)
and use of the Reservation Service by the Subscriber shall be
deemed acceptance of the review Monthly Licence Fee (if any).
In the event that the Subscriber wishes to terminate after the
Initial Term, the Subscriber shall submit a sixty (60)- day-prior-written
notice to ITPM.
5.2
Notwithstanding ITPM's right to terminate under Clause 3.1 above,
ITPM shall be entitled to terminate this Agreement at any time
by giving the Subscriber a thirty (30)-day written notice which
shall be deemed as served if sent to the Subscriber's designated
contact e-mail address or in any other manner as indicated herein.
5.3
In the event of any failure by the Subscriber to pay any fees
or charges due to ITPM or breach of any of the terms and/or conditions
of this Agreement, ITPM shall be entitled to immediately disconnect
or disable the Subscriber's access to the Solution(s) and Reservation
Service or terminate this Agreement forthwith without any further
notice to the Subscriber and strictly without prejudice to any
of ITPM¹s legal remedies. In the event that the Subscriber shall
remedy its breach(es) and request for a re-connection to the Solution(s)
and the Reservation Service, ITPM may re-connect the same upon
ITPM's receipt of a re-connection fee of RM50-00 or such sum as
may be determined by ITPM from time to time.
5.4
Upon the expiration or termination of the entire Agreement for
any reason whatsoever:
(a)
all rights granted herein shall immediately be revoked and ITPM
shall be entitled to disconnect or disable the Subscriber¹s
access to the Solution(s) and Reservation Service;
b)
the Subscriber shall return to all copyrighted materials provided
in connection to the Solution(s) and/or Licence granted herein;
(c)
all fees and charges owing to ITPM (if any and remains unpaid)
by the Subscriber shall immediately become due and payable;
and
(d)
in the event of any advance payment made by the Subscriber to
ITPM under this Agreement, there shall be no refund of such
payments.
5.5
Notwithstanding the termination of this Agreement, the provisions
of this Agreement, which by their nature and intent should survive
any termination of this Agreement, shall so survive.

6.
Systems Requirement
6.1
The Subscriber shall be solely responsible, at its own cost and
expense, obtain and maintain the equipment and all necessary telecommunications
equipment, hardware, software and other equipment necessary to
obtain and maintain the access to the Solution(s) and/or the Reservation
Service.
6.2 Notwithstanding anything contained herein, ITPM makes no representations,
warranties or assurances that the Subscriber's equipment mentioned
above will be compatible with the Solution(s) and/or the Reservation
Service.
6.3
The Subscriber acknowledges that it is possible that data may
be accessed by unauthorized third parties when transmitted electronically
via the Internet, other network communications facilities, telephone
or any other electronic means and ITPM and/or its Affiliates shall
not be held responsible for any compromise in security of data
transmissions.
7.
Intellectual Property Rights
7.1 The Subscriber hereby acknowledges and agrees that ownership
and all intellectual property rights in and to the Solution(s)
or any part thereof and/or the Reservation Service and/or the
Information Content and/or the Inventory Content together with
any changes, corrections, enhancements and modifications thereto
shall at all times remain exclusively with ITPM and/or its Affiliates
or the party credited as the provider of such Content and nothing
in this Agreement shall be construed as granting any transfer,
assignment of, or conferring any such intellectual property rights
to the Subscriber.
7.2
The Subscriber agrees not to take nor allow any action that would
be inconsistent with ITPM's rights and/or of its Affiliates. The
Subscriber agrees that the Subscriber does not acquire by virtue
of this Agreement or by any use of the Solution(s) and/or the
Reservation Service and/or the Content Services, any rights, interest
or title in the same.
7.3
Any materials relation to the Solution(s) and/or the Reservation
Service and/or Content Services including but not limited to application
programming interface documents, operating guides, user guides,
administration guides ("Documentation") is provided in any form
whatsoever, shall at all times remain the sole and exclusive property
of ITPM and/or its Affiliates and shall be subject to the terms
and conditions governing our Intellectual Property as provided
above.
7.4
The Subscriber further acknowledges and agrees that the copyright
in the Documentation vests in ITPM and/or its Affiliates and will
not take and hereby undertake not to make any copies thereof,
publish, reproduce or distribute the Documentation.
8.
Subscriber's Representations
8.1
The Subscriber represents, warrant and covenants that the Subscriber
has sufficient authority to enter into this Agreement. Save and
except as has been expessly disclosed in writing to ITPM prior
to the execution of this Agreement, there are no bankruptcy actions
or winding up petitions or legal actions taken against the Subscriber.

9.
Disclaimer & Limitation of Liability
9.1 To the extent permitted by law, the parties hereto agree that
the Solution(s), Reservation Service and the Content Services
provided by ITPM hereunder, and associated web sites, content,
information and technology are provided "as is" and without warranty
of any kind, express or implied, including without limitation
any warranty of merchantability, fitness for a particular purpose,
non-infringement, non-interference, accuracy, uninterrupted service,
error-free services or security of any information transmitted
through the internet. Except as required by applicable law, in
no event will ITPM be liable for any consequential, incidental,
special or exemplary damages in connection with this Agreement
or its subject matter, regardless of the legal or equitable theory
giving rise to such damages.
9.2
The Subscriber agrees that ITPM and/or its Affiliates shall not
be liable for any loss or damage whatsoever incurred by the Subscriber
and/or Users as a result of utilization or non-utilization or
non-fulfilment by any Supplier of any flights and/or hotel accommodation
in any manner whatsoever.
9.3
Except as required by applicable law, the parties hereto agree
that in no event will ITPM's cumulative liability under this Agreement
or in connection with its subject matter exceed the monies received
by ITPM from the Subscriber from the date of this Agreement or
Ringgit Malaysia One Thousand (RM1,000-00) Only, whichever shall
be the lesser.
9.4
The Subscriber agrees that the foregoing disclaimers and limitations
of liability form an essential element of this Agreement and that
the consideration and other terms set forth herein would have
been materially different in the absence of such provisions.
10
Indemnity
10.1
The Subscriber shall fully indemnify and keep indemnified at all
times ITPM and hold ITPM and its employees, agents, officers and
directors harmless from and against all loss, damage or liability
incurred and will defend or settle at the Subscriber's expense
any action, claim, demand, liability or other proceeding brought
against ITPM (including legal fees and disbursements incurred
by ITPM), directly or indirectly arising out of or in connection
with any breach by the Subscriber of any of the Subscriber's obligations
herein and/or as a result of the use of the Solution(s), Reservation
Service and the Content Services by the Subscriber and/or the
Users and any wilful, unlawful or negligent act of omission of
the Subscriber.
11
Variation
11.1
The Subscriber agrees that ITPM shall have the right to change,
alter, subtract, add to and/or otherwise vary ("Variation") any
of the terms and conditions of this Agreement at our sole and
absolute discretion at any time with reasonable notice to the
Subscriber. For the purposes of this clause, "reasonable notice"
shall mean notice given by ITPM to the Subscriber by any means,
fourteen (14) days ("Notice Period") prior to the implementation
of such alteration, subtraction, addition and/or variation.
11.2
In the event that the Subscriber is not agreeable to any of Variation,
the Subscriber may elect to terminate this Agreement by giving
ITPM written notice prior to the expiration of the Notice Period.
The continued use and access of the Solutions and/or the Reservation
Service and/or Content Services after the Notice Period shall
be deemed as acceptance of the Variation.

12.
Miscellaneous
12.1
The Subscriber agrees that ITPM shall have the right from time
to time, to include the Subscriber in ITPM¹s customer listings
and may use the Subscriber's name and logo on ITPM¹s marketing
materials relating to the Solution(s).
12.2
A waiver of any breach of this Agreement must be in writing and
signed by an authorized person on behalf of the party granting
the waiver. No failure to exercise or a delay in exercising any
right, power or remedy under this Agreement shall operate as a
waiver, nor shall any single or partial exercise of any right,
power or remedy preclude any other or further exercise of that
or any other right, power or remedy.
12.3
Except for any payment obligations, neither party shall be deemed
to be in breach of this Agreement nor liable for any delays or
failure in the performance of any of its obligations under this
Agreement, in the event and to the extent that performance thereof
was delayed or prevented due to a cause beyond the reasonable
control of that party, including but not limited to action, inaction
of any governmental or local authority, civil unrest, war, acts
of God, industrial disputes, strikes, lock-outs, power failure,
computer, electronic or electrical system failure, malfunction
or breakdown, failure of internet transmission or links, hacking,
contamination or corruption or malfunction of the Solution(s),
the Reservation Service and/or the Content.
12.4
All notices, agreements, requests, instructions, permissions,
approvals, demands and other communications shall be in writing
and may be served by personal delivery, ordinary post or electronic
mail or facsimile transmission to the address, e-mail address
and fax provided in this Agreement and shall be deemed to be effectively
served on such party if served by personal delivery on the day
of delivery, if served by ordinary post on the day immediately
after the date of posting, or if served by electronic mail or
facsimile, on the date of transmission.
12.5
Nothing in this Agreement shall create any partnership, agency,
joint venture or any other relationship between the parties.
12.6
This Agreement shall be governed by and construed in accordance
with the laws of Malaysia without regard to any of its conflict
of laws provisions and the parties hereto agree to submit to the
exclusive jurisdiction of the Malaysian courts.
12.7
This Agreement and all ITPM's rights hereunder may be freely assigned,
novated, transferred or otherwise dealt with by ITPM without the
Subscriber's prior consent. The Subscriber's rights and obligations
under this Agreement may not be assigned without ITPM's prior
written consent.
12.8
This Agreement shall be binding upon and shall inure to the benefit
of the permitted assigns and successors-in-title of each party.
12.9
In the event any provision of this Agreement is found to be invalid
or unenforceable in any jurisdiction, such provision shall be
severed from this Agreement to the extent of such invalidity or
unenforceability without invalidating the remaining provisions
of this Agreement that shall continue in full force and effect
notwithstanding such severance.

IN
WITNESS WHEREOF, the parties have executed this Agreement as of
the date first above written and do each hereby warrant and represent
that their respective signatory appearing herein below has been
and is on the date of this Agreement duly authorized by all necessary
corporate action to so execute this Agreement.
| SIGNED
by LEE CHOON LOONG for and on behalf of ITP Technologies (Malaysia)
Sdn Bhd (Company No. 606574-P) in the presence of |
)
)
)
) |
|
|
|
....................................................... |
Witness
Name:
Designation:
|
LEE
CHOON LOONG
Chief Executive Officer
|
|
|
| SIGNED
by |
) |
| for
and on behalf of |
) |
| in
the presence of |
) |
|
|
|
|
Witness
Name:
Designation: |
|
Appendix
A
Description
of the Subscriber:
|
Name
of Subscriber:
(Business /Co. Reg No.):
Address:
|
|
| Name
of Sole Proprietor / Partner/ Director : |
|
|
Contact Person: |
|
Telephone:
|
|
| Fax: |
|
| Email
address: |
|
| Effective
Date: |
|
Appendix
B
Description
of the Solution(s)
| Subscriber's
ID account: |
(provided
by ITPM for activation) |
The
Solution(s) - consists of 2 main modules:
(a)
FlightPlatform; and
(b) HotelPlatform.
And
7 interdependent modules:
-
Admin
- Customer
Profile
- General
Mark up
- Reports
- Look
& Feel
-
B2C Reservation (Internet Booking Engine)
The
usage of each ITP module is described as below:
|
Module
|
Purpose
/ Usage
|
| Admin
|
Allow
Authorized Administrator(s) to set up and define Subscriber's
organizational structure. |
| General
Mark up |
Allow
Authorized Administrator(s) to set a general mark-up on
the flights and hotel accommodation in the Reservation Service.
|
| Look
& Feel |
Allow
Authorized Administrator(s) to administer the design and layout
of Subscriber's B2C Reservation Service pages. The chosen
design will be the ultimate interface that Users will be seeing
when making online booking. |
| Customer
Profile |
Allow
Subscriber to view Users' profiles and Reservation.. |
| Reports |
Allow
Authorized Administrator(s) the ability to generate various
sales and revenue statistics for business analysis. |
| B2C
Reservation Service |
Allow
Users to check real-time fares and availability, as well as
to make online reservation with instant confirmation. |
Appendix
C
1.
The Subscriber shall make the following payments:
One
Time Set Up Fee - RM50-00
Monthly
Licence Fee (payable at the end of each month) - RM100 per month
Activation
Date
2. The Subscriber shall pay the pro-rated Monthly Licence Fee
at the end of the first calendar month from the Activation Date
and thereafter the Subscriber shall pay the Monthly Licence Fee
on or before the due date of the invoice received from ITPM's
authorised Billing Partner. ITPM reserves the right to charge
interest on the sum that remains unpaid as aforesaid at the rate
to be specified in the Billing Partner's invoice.
3. The Subscriber hereby acknowledges that non-receipt of statement
of account, bill, statement or any correspondence in relation
to the Licence granted herein this Agreement shall not be a valid
reason for the Subscriber to hold back or delay any outstanding
payment due to ITPM.
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