This Comodo Software Distributor Agreement (this “Agreement”) is made and entered into on this _____ day of ________________, 20___ (the “Effective Date”) by and between Comodo Security Solutions, Inc., a Delaware corporation, located at 1255 Broad Street, Clifton, New Jersey 07013 (“Comodo”) and INT Distribution Co., Ltd, a Thailand private limited company, located at 320 Tang Hua Pug Building, 5th Floor, Unit 5B, Rama 4 Road, Mahapreuktharam, Bangrak, Bangkok 10500 (“Distributor”).
WHEREAS, Comodo designs, develops, and markets desktop consumer products along with the relevant documentation, and
WHEREAS, Distributor desires to distribute the Products listed in Schedule 1 pursuant to the terms and conditions herein.
NOW THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement and the Schedules attached hereto and incorporated herein, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows:
1. License
1.1. Appointment as Distributor. For the term of the Agreement and subject to the terms and conditions herein, Comodo appoints Distributor to be a nonexclusive distributor of the products and services (“Products”) listed in Schedule 1. Schedule 1 may be amended by Comodo in its sole discretion.
1.2. No Right to Create Derivative Works. Distributor may not create derivative works or make modifications to the Products. No other licenses, rights or interests are granted to Distributor. All rights not expressly granted to Distributor herein are reserved to Comodo.
1.3. Non-Exclusive. The rights granted to Distributor are non-exclusive. Comodo may appoint additional distributors or sales representatives for the Products or sell or offer the Products directly without incurring any obligation for commission or compensation to Distributor. .
2. Distribution
2.1. Delivery. Upon acceptance of an order from Distributor and upon full payment by Distributor, Comodo shall ship the ordered Products to Distributor. All orders shall be shipped F.O.B. place of shipping. Comodo will use reasonable commercial efforts to fill non-conforming orders for Products or will provide a refund of the amount paid for the non-conforming order.
2.2. Governmental Approval. Distributor is responsible for obtaining any governmental approvals, consents, licenses, authorizations, declarations, filings and registrations to distribute the Products.
3. Marketing
3.1. Distributor Marketing.
(i) Distributor shall use its best efforts to market and promote the Products.
(ii) Upon request, Distributor shall submit copies of all written promotional materials using a Comodo trademark to Comodo. Distributor shall include the appropriate trademark notices on all marketing material promoting Comodo’s Products and may not rebrand the Products. If Comodo reasonably determines that any promotional material of Distributor may adversely affect Comodo’s reputation or trademarks, then Distributor must stop using and distributing such promotional material within five (5) days of receiving written notice from Comodo.
(iii) If Distributor acquires any rights to a Comodo trademark by operation of law or otherwise, Distributor will immediately, at no expense to Comodo, assign such rights to Comodo along with any associated goodwill, applications, and/or registrations.
INT Distribution Co 03242015 v02032014 2
3.2. Trademarks. Each party hereby grants the other a non-exclusive, non-transferable, nonsublicensable, royalty-free worldwide license for the term of the Agreement to use Distributor’s trademarks, service marks, logos, graphics, buttons, banners, and business names for the purpose of promoting the Products. The goodwill associated with the use of the same shall inure solely to the benefit of the owner of the mark.
3.3. Comodo Ownership. Comodo is the sole and exclusive owners of all rights, title, and interest, including all trademarks, copyrights, patents, trade names, trade secrets, and other intellectual property rights to the Products. Except for the rights expressly enumerated herein, Distributor is not granted any rights to patents, copyrights, trade secrets, trade names, trademarks (whether or not registered), or any other rights, franchises or licenses with respect to the Products.
4. Payment
4.1. Product Prices and Payment. The prices to be charged to for each Product ordered shall initially be as indicated in Schedule 1. Comodo may amend these prices upon twenty (20) days’ notice to Distributor. Distributor may establish all prices to be charged to its customers. Distributor shall remit payment to Comodo within thirty (30) days of the date of the Comodo invoice.
4.2. Taxes. Distributor is solely responsible for payment of any taxes resulting from Distributor’s activities under this Agreement. Distributor agrees to hold harmless Comodo from all claims and liability arising from Distributor’s failure to report or pay such taxes.
5. Term and Termination
5.1. Term. This Agreement shall commence on the Effective Date and continue in effect for a period of one (1) year (the "Initial Term"), whereupon this Agreement shall automatically renew for successive one (1) year periods (each a "Renewal Term"), unless either party gives the other written notice of termination at least ten (10) days prior to the end of the Initial Term or then-current Renewal Term.
5.2. Termination. Without prejudice to any rights or remedies at law, equity, or otherwise, either party may terminate the Agreement:
(i) if the other party commits a material breach of this Agreement and fails to remedy such material breach within ten (10) days after receiving notice of the breach;
(ii) immediately, if Distributor is engaged in illegal or fraudulent activity or an activity that could harm Comodo’s business practices; or
(iii) upon ten (10) days’ notice by Comodo in its sole discretion.
5.3. Events Upon Termination. Upon termination of this Agreement, all rights and licenses granted herein to Distributor shall terminate and revert to Comodo. Neither party shall have any claim or damages as a result of the natural or rightful termination of this Agreement Within ten (10) days of termination of this Agreement, Distributor shall:
(i) cease all use of Comodo’s trademarks and make any transfers that may be requested by Comodo to ensure that all rights in such trademarks remain with Comodo;
(ii) pay to Comodo any fees owed as of the date of termination;
(iii) continue to comply with the confidentiality requirements set forth in this Agreement; and
(iv) discontinue all representations or statements that could infer that a relationship exists between Comodo and Distributor.
INT Distribution Co 03242015 v02032014 3
6. Indemnification
6.1. Distributor shall defend, indemnify and hold harmless Comodo and its officers, directors, employees, and agents from and against all claims, costs, damages, expenses, losses or other liabilities (including out of pocket expenses and reasonable attorneys' fees) finally awarded against or finally settled with Comodo arising out of (i) Distributor’s negligence or willful misconduct in the performance of this Agreement, (ii) Distributor’s marketing activities, or (iii) Distributor’s breach of the terms of this Agreement.
7. Disclaimer, Limitation of Liability, and Remedies
7.1. Warranty. COMODO EXPRESSLY DISCLAIMS ALL WARRANTIES WHETHER EXPRESS OR IMPLIED AND AT LAW OR IN EQUITY. COMODO EXPRESSLY DISCLAIMS THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. DISTRIBUTOR WILL MAKE NO WARRANTY, EXPRESS OR IMPLIED, ON BEHALF OF COMODO. THIS DISCLAIMER IS EFFECTIVE TO THE MAXIMUM AMOUNT ALLOWED UNDER ANY APPLICABLE LAW.
7.2. Damage Waiver. EACH PARTY WAIVES LIABILITY FOR SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES THAT MIGHT OCCUR UNDER THIS AGREEMENT OR THROUGH THE USE OF THE PRODUCTS. THIS WAIVER INCLUDES ANY DAMAGES FOR LOST PROFITS, REVENUE, USE, OR DATA. THIS LIMITATION SHALL APPLY EVEN IF A PARTY IS AWARE OF THE POSSIBILITY OF SUCH DAMAGES. COMODO DOES NOT GUARANTEE THAT ITS PRODUCTS WILL MEET DISTRIBUTOR’S REQUIREMENTS OR EXPECTATIONS OR THAT ACCESS TO ITS PRODUCTS WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE.
7.3. Limitation on Liability. COMODO’S ENTIRE LIABILITY ARISING OUT OF THIS AGREEMENT AND/OR SALE OF THE PRODUCTS SHALL BE LIMITED IN THE AGGREGATE TO THE AMOUNT PAID TO COMODO BY DISTRIBUTOR FOR THE PRODUCTS. IN NO EVENT SHALL COMODO BE LIABLE FOR LOST PROFITS OR ANY COSTS OF PROCUREMENT OF SUBSTITUTE GOODS. THESE LIMITS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF A PRODUCT’S ESSENTIAL PURPOSE.
7.4. Limitation on Actions. Except for indemnification and confidentiality obligations, neither party may bring any action relating to this Agreement more than one (1) year after the cause of action has accrued.
8. Confidentiality
8.1. Confidential Information. Except where required by law, neither party shall disclose or use any confidential information furnished by a party or its agents (the “Disclosing Party”) to the other party or its agents (the “Receiving Party”). The Receiving Party shall take all reasonable measures to prevent any unauthorized disclosure by its representatives. The Receiving Party shall notify the Disclosing Party if disclosure of Confidential Information is necessary to comply with the requirements of any law, government order, regulation or legal process prior to such disclosure. “Confidential Information” means all data and information of a party that is not accessible or known to the general public.
9. Miscellaneous
9.1. Notices. All notices shall be in writing and in English and sent by first class mail to the address set forth below the signature of each party.
9.2. Entire Agreement. This Agreement, along with all of the documents referred to here, sha