Standard License Agreement 5.0

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This agreement (hereinafter referred to as ”Agreement”) is made between Highsoft AS, a Norwegian Company with organization no. NO996840506MVA, doing business from Elvegata 1, 6893 Vik i Sogn, NORWAY (hereinafter referred to as “Highsoft”), and Licensee (hereinafter referred to as “Licensee”).

WHEREAS, Highsoft is the owner of software products developed by Torstein Hønsi. WHEREAS, the software product is Highslide JS.

WHEREAS, Licensee is a commercial business that wishes to utilize these software products bundled or integrated with their own software products.

NOW THEREFORE, in consideration of the mutual covenants herein, Highsoft and Licensee hereby agree to be legally bound as follows:

1. Definitions

Agreement shall mean the standard terms and conditions in this document;

Confidential Information shall mean any and all written, verbal or demonstrated information provided by a Disclosing Party in connection with this Agreement;

Confidential information includes, without limitation, information relating to inventions, trade secrets, know- how, methods, processes, creations, conceptions, technologies, algorithms, other intellectual property, products, improvements, product formulae, services, finances, business plans, marketing plans, legal affairs, supplier lists, customers, customer lists and related data, potential customers, business prospects, business opportunities and the like, which relate in any manner to a Party’s actual or anticipated business, its affiliates, subsidiaries, or divisions, or to it’s actual or anticipated areas of research and development;

Delivery Date Shall mean the invoice issue date;

Disclosing Party shall mean a Party that discloses information to a Receiving Party;

Highsoft shall mean Highsoft AS, a Norwegian corporation with organization no. NO996840506MVA; Highsoft’ s Website shall mean www.highslide.com

License shall mean the license granted by Highsoft as set forth in this document including its appendices; Licensee shall mean the company / person holding a license and contracting party to this Agreement;

License Fee shall mean the fee payable to Highsoft for utilization of the Software in accordance with the License;

Party shall mean Licensee or Highsoft individually; Parties shall mean Licensee and Highsoft jointly;

Receiving Party shall mean a Party that receives information from a Disclosing Party;

Single Website shall mean a collection of web pages that all have the same domain name (organizational level) and that serve and are operated by one single entity or Licensee;

Software shall mean Highslide JS

Working Days shall mean any day (other than Saturday, Sunday or legal holiday) on which legal business can be conducted.

2. Copyright

The Software is the property of Highsoft and is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties.

3. Grant of License

  1. Subject to this Agreement, Licensee is granted a perpetual, non-exclusive and non-transferable License to install and utilize the Software, within Licensee’s geographical marketplace, under Licensee’s License terms and conditions.
  2. Licensee may produce copies of the Software necessary for lawful backup and archival purposes. Any copy of the Software made by Licensee in accordance with the License shall contain all the proprietary notices contained in the original copy.
  3. Licensee may download the source code from GitHub, make own edits and keep its own repositories with the modified source code.
  4. Licensee undertakes not to use the Software in any way that would compete with the Software during the term of this Agreement and for a period of three (3) years after termination.
  5. Licensee undertakes not to remove the license- and copyright header from the software, or in any other way declare or give the impression that the Software in any way endorses Licensee’s own work. Furthermore Licensee declares not to use any titles, trademarks, labels or logos, found in the Software, in Licensee’s own titles, products names, service names, or domain names.
  6. Licensee shall not modify, delete or obscure any notices of proprietary rights or any Software identification or restrictions on or in the Software found in the license-header of the code files.
  7. Highsoft reserves all rights not expressly granted to Licensee in this Agreement. Without limiting the generality of the foregoing, Licensee acknowledges and agrees that: (i) except as specifically set forth in this Agreement, Highsoft retains all rights, title and interest in and to the Software and Licensee does not acquire any right, title, or interest to the Software except as set forth herein; (ii) any configuration or deployment of the Software shall not affect or diminish Highsoft’s rights, title, and interest in and to the Software. Nothing in this Agreement shall limit in any way Highsoft's right to develop, use, license, create derivative works of, or otherwise exploit the Software.

4. Marketing

Licensee may use Licensee’s own descriptions of the functionality provided by the Software for the purposes of marketing Licensee Product(s) insofar the descriptions are not misleading.

Licensee shall not do anything that might misrepresent the ownership of the Software.

5. License Type

5.1. Highslide Commercial License

A Commercial License allows Licensee to use Highslide for one or unlimited number of websites or software products.

6. License Fee

The License Fee shall is set forth on Highsoft’s website.

Licensee shall purchase the license through Highsoft’s website, and will receive an invoice by email. Each Party is responsible to pay any local taxes imposed by law of the Party's home country related to the purchase of ordered Items. Invoices from Highsoft do not include taxes, and a Party cannot withhold any parts of the invoice amounts as payment of taxes.

7. Term and Termination

The term of the License is perpetual.

Without prejudice to any other rights either party may terminate this agreement in the event of a material breach with the terms and conditions of this agreement.

On termination of this agreement each Party must remove, delete or otherwise destroy any of other Party‘s material that it has received, copied or otherwise obtained, including but not limited to Confidential Information cf. clause 13.

8. Delivery

The Software is made available and Licensee is legally authorized to download the Software via Highsoft’s website.

9. Maintenance and Support

During the term of this agreement, Licensee shall have full access to Highsoft’s online support forum.

Licensee shall have the right to receive one (1) hour of technical support. Technical support is limited to e-mail support during business hours in Central European Time.

Highsoft shall commence the work as soon as possible, but not later than one week after such request is received.

Licensee may at an additional fee opt for additional support hours.

Licensee shall be allowed to deploy any new, corrected or enhanced version of the Software.

Highsoft will provide guidance and advice on implementing Highslide with any third party systems and platforms. It does not include actual coding work.

Maintenance and Support for Highslide Commercial License is free of charge for all subsequent years.

10. Warranties and representation

10.1. Scope

Highsoft's warranties and representations in this clause 9 are limited to the Software provided to Licensee under this Agreement and warranties and representation shall under no circumstances be deemed to cover any map data which are made available to Licensee by Highsoft.

10.2. Highsoft's warranties and representations

Highsoft warrants and represents that:

  1. For a period of ninety (90) days following delivery date of the Software (the “Warranty Period”), Highsoft warrants that the Software will perform substantially in accordance with Highsoft’s written specifications, provided that it has been used in accordance with documentation and specifications in accordance with documentation and specification, which is made available to Licensee on Highsoft's Website.
  2. Highsoft will perform its obligations under this Agreement in accordance with all applicable laws and regulations;
  3. Highsoft has the full and unconditional ownership of the Software;
  4. This Agreement does not infringe intellectual property rights of any Third Party;
  5. Licensee may make full use of the License granted to it in full knowledge of the above.
  6. Highsoft has the requisite knowledge, personnel, resources and know-how to fully perform and deliver the Software and associated services as contemplated by this Agreement in a professional manner in accordance with Licensee’s requirements and specifications as set forth herein;
  7. Highsoft has not intentionally placed and will use its best efforts to avoid the placement of any Harmful Codes into the Software provided under this Agreement. For the purpose of this clause 9.2 "Harmful Codes" is defined as any program that infects, damages and/or impairs another program or data, disables hardware or software, or permits or assists in the breach of data.

10.3. Licensee' s remedies

In the event of breach or alleged breach of any of the warranties in clause 9.2, Licensee shall promptly notify Highsoft and return the Software to Highsoft at Licensee’s own expense. Licensee’s sole remedy in such an event shall be that Highsoft shall correct the Software so that it operates according to the warranties set out in clause 9.2. The warranties shall not apply to Software that has been modified or used improperly or on an operating environment not approved by Highsoft. Licensee is not entitled to any damages, including but not limited to consequential damages, if the Software does not meet the limited warranties.

11. Limitation of Liability

The Software and its support services are provided ‘as is’ and may have errors or omissions. Thus remedies are only available to the Licensee in the event of any breach of the warranties set out in clause 10.

UNDER NO CIRCUMSTANCES, AND EVEN IF INFORMED THEREOF BY LICENSEE, SHALL HIGHSOFT BE LIABLE FOR

(i) LOSS OF, OR DAMAGE TO, DATA; (ii) SPECIAL, INCIDENTAL, CONSEQUENTIAL OR INDIRECT DAMAGES, OR (iii) LOST PROFITS, BUSINESS, REVENUE, GOODWILL, OR ANTICIPATED SAVINGS.

Either Party’s liability for damages to the other Party for any cause whatsoever related to this Agreement, shall be limited to the License Fees paid or due by Licensee under this Agreement.

12. Intellectual Property Infringement

Highsoft will defend, indemnify and hold the Licensee harmless against any claim stating that the Software is violating any Third Party copyright provided that:

  1. The Licensee promptly notifies Highsoft of the claim;
  2. A hardcopy of the notices of copyright infringement is sent to: Highsoft AS, Elvegata 1, 6893 Vik i Sogn, Norway.
  3. The Licensee use best effort to stop any claim that is unfound;
  4. Notwithstanding the above Highsoft shall have sole control of the defense and all related settlement negotiation in the case of legal proceedings;
  5. The Licensee provides Highsoft with all necessary assistance, information and authority to perform the above.

If the Software is held by a final court ruling to be infringing any Third Party intellectual property rights Highsoft will at its option: (i) obtain the right for Licensee to continue to use the Software consistent with this Agreement;

(ii) modify the Software so that it is non-infringing; or solely in the event that (i) and (ii) are not feasible, (iii) refund

any and all invoiced amounts to Licensee and all of Highsoft’s obligations under this Agreement shall terminate upon written notice.

Notwithstanding the foregoing, Highsoft's indemnity obligations under this clause 12 shall under any circumstances be limited to the total amount invoiced to Licensee by Highsoft under this Agreement during the last twelve (12) months prior to the day when Company raised the indemnity claim.

13. Confidentiality

Each Party acknowledges that Confidential Information is proprietary and valuable to Disclosing Party and that any disclosure or unauthorized use thereof will cause irreparable harm and loss to Disclosing Party.

Confidential Information shall not include information that (i) is generally known to the public at the time of disclosure; (ii) is legally received by Receiving Party from a Third Party, which Third Party is in rightful possession of Confidential Information, (iii) becomes generally known to the public subsequent to the time of such disclosure, but not as a result of disclosure by Receiving Party, or (iv) prior to signing of this Agreement, is already in the possession of Receiving Party.

Obligations of Receiving Party in Regards to Confidential Information:

  1. In consideration of the disclosure to Receiving Party of Confidential Information, Receiving Party agrees to receive and to treat Confidential Information on a confidential and restricted basis and to undertake the following additional obligations with respect thereto;
  2. To use Confidential Information for the sole purpose of fulfilling this Agreement unless otherwise agreed to in express writing by the Parties.
  3. Not to duplicate, in whole or in part, any Confidential Information.
  4. Not to disclose Confidential Information to its members, officers, employees, affiliates, counsel or consultants except on a need-to-know basis and each such person receiving Confidential Information shall be notified of and required to abide by the terms and conditions of this Agreement.
  5. Not to disclose Confidential Information to any Third Party entity or individual, corporation, partnership, sole proprietorship, customer, advisor or client without the prior express written consent of Disclosing Party.

This confidentiality clause (clause 13) shall survive any termination of the Agreement however occasioned.

14. Relationship Between the Parties

The Parties are independent contractors and this Agreement will not be construed as constituting either Party as partner, joint venture or fiduciary of the other, as creating any other form of legal association that would impose liability on one Party for the act or failure to act of the other or as providing either Party with the right, power, or authority (express or implied) to create any duty or obligation of the other. Neither Party shall directly or indirectly represent to the public that it has the right or the authority to create or accept obligations on behalf of the other Party. Except as otherwise expressly provided in this Agreement, each Party has the sole right and obligation to supervise, manage, contract, direct, procure, perform or cause to be performed all work to be performed by it under this Agreement.

15. Severability

In the event any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions of this Agreement will remain in full force.

16. Waiver

The waiver by either Highsoft or Licensee of any default or breach of this Agreement shall not constitute a waiver of any other or subsequent default or breach. Except for actions for non-payment or breach of Highsoft’s proprietary rights in the Software, no action, regardless of form, arising out of this Agreement may be brought by either Party more than one (1) year after the cause of action has accrued.

17. Non-assignment

Neither Party shall assign or transfer all or any part of its rights under this Agreement without the other Party’s prior written consent. Notwithstanding the foregoing, either party may assign this Agreement in its entirety to its affiliate or in connection with a merger, acquisition, corporate reorganization, or sale of all or substantially all of its assets. Subject to the foregoing, Licensee must notify Highsoft in writing and unless otherwise agreed upon, this Agreement shall bind and inure to the benefit of the Parties, their respective successors and permitted assigns.

18. Applicable Law and Legal Venue

This Agreement shall be governed by and construed in accordance with the laws of Norway.

Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination or invalidity thereof, the Parties shall seek to solve amicably through negotiations. If the Parties do not reach an amicable solution within two (2) weeks, any dispute, controversy or claim shall be finally settled by arbitration

before the Oslo Chamber of Commerce (OCC) (Oslo Handelskammer) that shall have exclusive jurisdiction over all disputes arising in connection with this Agreement. Arbitration shall be conducted in Oslo, before one arbitrator appointed in accordance with the OCC Rules. All arbitration shall be conducted in English. Judgment upon any arbitral award rendered in any such arbitration is confidential and may be entered in any court having jurisdiction thereof or application may be made to such court for a judicial acceptance of award and an order of enforcement, as the case may be.