RESELLER AGREEMENT
This International Telecommunications Reseller Services Agreement "the
Agreement", is entered into between Swiftnet Limited "Swiftnet" registered
office situate at Xxxxxxxxx Xxxxx 000/000 Xxxx Xxxx Xxxxxx X00 0XX and
XxXxxxxXX.xxx Limited "the reseller" registered office situated at Xxx Xxxxxxxx
Xxxxxx, Xxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxxxxx X00 0XX
on 25th day of April 2000.
1 Definitions
In this agreement the subsequent terms words and phrases shall have the
following meaning:
"Act" shall mean the Telecommunications Xxx 0000.
"Carrier" shall mean either Swiftnet and or any other telephone company that is
capable of carrying the traffic volume over the relevant telephone networks in
order to accomplish the services as described in Schedule 1 to this agreement.
"Commencement Date" shall mean the date on which the customer accepts/receives
supply of the services from the Reseller
"Commencement" shall mean the start of the service from the reseller
"Contract Date" shall mean the date on which the Reseller accepts supply of the
service from Swiftnet
"Customer" shall mean any individual and or corporate body limited and or
unlimited and or partnership and or joint venture and or any other association
of individuals with or without corporate bodies to whom the Reseller shall
supply the services
"Relevant Service Order" shall mean that order submitted to Swiftnet by the
reseller indicating the services required by the customer in accordance with
clause 6
"Reseller Contract" shall mean the agreement for supply of services between the
reseller and the any customers
"Services" shall mean the specified telecommunications services supplied by
Swiftnet as described in the relevant service order.
"Termination" shall mean the cessation of the services supplied by Swiftnet to
the Reseller.
"Traffic Volume" shall mean the expected volume of chargeable minutes that
Swiftnet and or any other carrier will carry over the network of the relevant
carriers for the Reseller.
1.2 Unless otherwise specified in this agreement the singular includes the
plural and vice versa.
1.3 All references to the male gender shall include and be applicable to the
female gender
2 Services
2.1 The reseller is and will be entitled to sell to the customers the services
from the date of this agreement until termination thereof in accordance with the
terms of this agreement
2.2 The services to be sold to a customer are to be submitted to Swiftnet on a
service order which is to be signed by both Swiftnet and the reseller
2.3 Swiftnet reserves the right to reject any customer.
2.4 Swiftnet reserves the right to use any carrier and or subcontractor to
perform some or all of its obligations and or duties hereunder
3 Term
3.1 This agreement shall commence from the date of signature of both Swiftnet
and the reseller of this agreement or the commencement date whichever is the
earlier and shall be for an initial period of no less than 90 days
3.2 This agreement will continue unless and until either Swiftnet or the
reseller terminates this agreement in accordance with clause 9 and its
subsections
4 Swiftnet Responsibilities
4.1 Swiftnet agrees to provide the reseller with such technical information that
will enable the reseller to promote the services.
4.2 Provide the Reseller with the following:
i. Monthly billing for reseller's own account (total),
ii. Monthly billing for reseller's customers.
4.3 Swiftnet will not deliberately contact the reseller's customers directly or
indirectly.
4.4 Swiftnet will adapt its capability according to the traffic volumes
presented to it by the reseller and the actual growth of traffic.
5 Reseller's Responsibilities
5.1 The reseller will use its best endeavors to promote the services of Swiftnet
5.2 The reseller will not refer directly or indirectly to Swiftnet or use any of
Swiftnet's trade names or literature or hold it out to be in any way connected
to Swiftnet
5.3 The reseller will use its best endeavors to adhere to the traffic volumes
presented to Swiftnet by the reseller
6 Service Orders
6.1 The reseller must ensure that prior to the submission of a relevant service
order that the customer is situated in a geographical location where services
can be both supplied and received
6.2 The reseller is to submit all relevant service orders to Swiftnet either by
email or facsimile or such other method as agreed between Swiftnet and the
reseller
6.3 Swiftnet will process the relevant service orders in accordance with its
usual operating procedures and will inform the reseller within seventy-two hours
if there is any reason why it cannot supply the relevant service order, in
accordance with clause 2.3.
6.4 If either Swiftnet and or the reseller can determine that the services are
being used for fraudulent purposes, then either Swiftnet enable termination of
the service to the customer and or the reseller may request that Swiftnet ensure
termination of the services
7 Payment
7.1 The reseller must pay Swiftnet all owed monies up to 21 days after billing.
7.2 All sums referred to in this agreement and schedules thereto are exclusive
of Value Added Tax which will added at the ruling rate together with any other
taxes that from time to time may be introduced
7.3 If the reseller wishes to dispute any invoice from Swiftnet then the
following will apply:
a. The Reseller must contact Swiftnet in writing within 3 days of the
invoice date and the reseller must pay any undisputed amount by the
relevant due date
b. Swiftnet will use its best endeavours to resolve any invoice dispute
within 7 days of the reseller contacting Swiftnet
c. On resolution of any invoice dispute either a credit note will be
issued by Swiftnet if the reseller's dispute is proved or full payment
of the outstanding sum to be made to Swiftnet within 3 days of
resolution
8 Service Charges
8.1 Swiftnet may at any time decrease charges without notice but will notify the
reseller of any decrease as soon as reasonably practicable
8.2 Swiftnet may increase the charges by giving the reseller 30 days written
notice If any prospective change in service charges would have resulted in the
majority of the reseller's customers paying more for the services during the
preceding 90 days the reseller may terminate this agreement by giving Swiftnet
90 days written notice however if the increased charges are occasioned by
changes in regulatory rules that would affect all carriers and or
telecommunications operators the reseller may not terminate this agreement
9 Termination
9.1 Swiftnet may either under this agreement or at law and without prejudice to
any other rights or remedies terminate this agreement immediately by serving
written notice on the reseller if:
a. The reseller becomes Insolvent; or
b. The reseller fails to make any payment when due under this agreement
after having received 7 days written notice so to do from Swiftnet.
9.2 The reseller may terminate this agreement immediately by serving written
notice on Switnet if:
a. Swiftnet becomes Insolvent; or
b. Swiftnet's license is revoked or altered so that it is not permitted
by law to provide the services
10 Force Majeure
10.1 Notwithstanding anything herein to the contrary neither Party shall be
liable for any delay or failure in performance of any part of this agreement
(other than the payment obligations as set out in clause 7 and subsections
thereof) to the extent that such delay or failure is attributable to a Force
Majeure Event. Any such delay or failure shall suspend the agreement until the
Force Majeure Event ceases and the contract term of any service affected by such
Force Majeure Event shall be extended by the length of the said suspension
11 Notices
11.1 All notices required or authorized to be delivered by one Party to the
other under this agreement shall be delivered by prepaid first class post or by
facsimile to the registered office of the relevant Party
11.2 Notice given in accordance with clause 11.1 will have deemed to be received
in the absence of evidence of earlier receipt:
a. if sent by prepaid first class post three days after the date of
posting
b. if sent by facsimile on the next working day following transmission
12 Relationship
12.1 Nothing in this agreement creates a relationship of employer and employee
principal and agent partnership or joint venture between Swiftnet and the
reseller
13 Exclusivity
13.1 The reseller will have exclusive rights to sell the fax broadcast services
in the United Kingdom (Including northern Ireland). Swiftnet will keep its own
customers that registered prior to this agreement and refer all prospective
customers of Fax Broadcast to the reseller. All clients referred by Swiftnet
must be connected to Swiftnet services and not to any other competitive
services.
13.2 The exclusivity rights will be revoked in case the reseller does not attain
certain revenues to Swiftnet (actual monthly payments) as listed below:
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Month Minimum payment to Swiftnet (UK Pounds)
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May 2000 At least 0
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June 2000 At least 5000
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July 2000 At least 10000
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August 2000 At least 15000
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September 2000 At least 20000
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October 2000 At least 20000
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November 2000 At least 20000
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December 2000 At least 25000
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January 2001 At least 25000
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February 2001 At least 25000
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March 2001 At least 30000
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April 2001 At least 30000
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May 2001 At least 30000
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June 2001 At least 35000
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July 2001 - December 2001 (inclusive) At least 35000 per month
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January 2002 - June 2002 (inclusive) At least 40000 per month
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July 2002 - December 2002 (inclusive) At least 45000 per month
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January 2003 onwards At least 50000 per month and a minimum
growth of ten percent per annum.
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13.3 The reseller could pay Swiftnet the difference between its actual payment
and the minimum payment in order to keep the exclusivity.
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This agreement sets out the whole agreement between the parties in relation to
the sale of services by Swiftnet to XxXxxxxXX.xxx Ltd. and may only be varied in
writing signed by each party. A separate guarantee agreement will be signed with
the reseller's principals.
Signed for and on behalf of Swiftnet.....................date...................
Signed for and on behalf of the Reseller.................date...................
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Mashpee, State of
Connecticut, on October 24, 2000.
Adar Alternative Two, INC.
By: /s/ Xxxxxx X. Xxxxx
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President and Treasurer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
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SIGNATURE TITLE DATE
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President and Treasurer
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