Software License Agreement

 Alkemist™ by RunSafe Security, Inc.

IMPORTANT: PLEASE READ THIS SOFTWARE LICENSE AGREEMENT CAREFULLY.  DOWNLOADING, INSTALLING OR USING THE ACCOMPANYING SOFTWARE CONSTITUTES ACCEPTANCE OF THIS SOFTWARE LICENSE AGREEMENT.

RUNSAFE SECURITY, INC. (“RUNSAFE” OR “LICENSOR”) IS WILLING TO LICENSE THE LICENSED SOFTWARE ONLY IF YOU ACCEPT ALL OF THE TERMS CONTAINED IN THIS SOFTWARE LICENSE AGREEMENT (THE “AGREEMENT”).

BY DOWNLOADING, INSTALLING OR USING THE SOFTWARE OR OTHERWISE EXPRESSING YOUR AGREEMENT TO THE TERMS CONTAINED IN THIS AGREEMENT, YOU CONSENT TO BE BOUND BY THIS AGREEMENT. IF YOU DO NOT OR CANNOT AGREE TO THE TERMS CONTAINED IN THIS AGREEMENT, THEN DO NOT DOWNLOAD, INSTALL OR USE THE LICENSED SOFTWARE.

IF YOU ARE ENTERING INTO THIS AGREEMENT ON BEHALF OF A COMPANY OR OTHER LEGAL ENTITY, YOU REPRESENT THAT YOU HAVE THE AUTHORITY TO BIND SUCH ENTITY TO THESE TERMS AND CONDITIONS, IN WHICH CASE THE TERMS “YOU” OR “YOUR” SHALL REFER TO SUCH ENTITY. IF YOU DO NOT HAVE SUCH AUTHORITY, YOU MUST NOT ACCEPT THIS AGREEMENT AND MAY NOT DOWNLOAD, INSTALL OR USE THE LICENSED SOFTWARE.

1.              OVERVIEW.  This Agreement governs the use by Licensee (as defined below) of the version of the RunSafe “Alkemist” software program for which a license is being purchased in connection with entry into this Agreement on RunSafe’s website (the “Licensed Software”) and any associated documentation provided by RunSafe (the “Documentation”).  Licensee agrees and acknowledges that all Licensed Software is licensed and not sold, and that all use of “purchase” or “sell” in connection with any Licensed Software shall be deemed to mean “license”.  Any term in any document purporting to require or provide for the sale of Licensed Software instead of the license thereof is hereby rejected by RunSafe and is not part of the Agreement.  No rights are granted with respect to the Licensed Software other than as set forth in Section 3 below.

2.              DEFINITIONS

Terms used in this Agreement which are capitalized shall have the definitions set forth below or elsewhere in this Agreement.

2.1.          “Affiliate” means, with respect to any person or entity, any other person or entity that directly or indirectly controls, is controlled by or is under common control with such person or entity.  For purposes of this definition, “control” means: (a) the ownership, directly or indirectly, of at least 50% of the issued voting securities of an entity or (b) the possession, directly or indirectly, of the legal power to direct or cause the direction of the general management of an entity or the power to elect or appoint at least 50% or more of the members of the governing body of the entity.

2.2.          “Annual Fee” has the meaning set forth in Section 5.1.

2.3.          “Claim” has the meaning set forth in Section 7.1.

2.4.          “Confidential Information” has the meaning set forth in Section 9.1.

2.5.          “Disclosing Party” has the meaning set forth in Section 9.1.

2.6.          “Documentation” means all on-line via RunSafe’s website help files or written instruction manuals regarding the use of the Licensed Software.

2.7.          “ECI” means the employment cost index for private employees for the previous twelve (12) months, not seasonally adjusted, prepared by the United States Bureau of Labor Statistics.

2.8.          “Effective Date” means the date upon which the Licensee submits the Order Form to Licensor and agrees to be bound by this Agreement.

2.9.          “Force Majeure Event” has the meaning set forth in Section 11.1.

2.10.       “Initial Term” has the meaning set forth in Section 8.1.

2.11.       “Intellectual Property” means (a) trade secrets, know-how, and confidential information of any nature; (b) copyrights, works of authorship and derivative works; (c) patents, ideas, inventions and improvements, (d) trademarks, trade dress, service marks, and logos; (d) mask works; (e) governmental applications or registrations for any of the foregoing items; (f) any other form of rights or property now or hereafter recognized as intellectual property rights or intellectual property under the laws of any governmental jurisdiction; and (g) any tangible instances or copies of any of the foregoing items.

2.12.       “Licensee” means the person or entity submitting the Order Form and entering into this Agreement.

2.13.       “Licensee Product” means an individual copy of a software code base or an individual copy of a software product, as described on the Order Form and/or in connection with which Licensee uses the Licensed Software.

2.14.       “Object Code” means machine readable binary code.

2.15.       “Order Form” means the order form on RunSafe’s website that Licensee is submitting to RunSafe in connection with entry into this Agreement that specifies, among other things, the pricing plan for the Licensed Software selected by Licensee.

2.16.       “Party” means either Licensor or Licensee and “Parties” shall mean both Licensor and Licensee.

2.17.       “Pricing Plan” means the pricing plan selected by Licensee on the Order Form, which pricing plan specifies the maximum number of units of Licensee Products with which the Licensed Software can be used.

2.18.       “Receiving Party” has the meaning set forth in Section 9.1.

2.19.       “Renewal Term” has the meaning set forth in Section 8.1.

2.20.       “Source Code” means human readable source code.

2.21.       “Specifications” means the specifications for the Licensed Software set forth in Licensor’s standard documentation for the Licensed Software made available on the RunSafe website.

2.22.       “Term” has the meaning set forth in Section 8.1 hereof.

2.23.       “Transformations” means the markers or other adjustments which can be made to the software in Licensee Products by the Licensed Software, as described in Schedule A attached hereto.

2.24.       “Update” means an update or upgrade to the Licensed Software provided by Licensor to Licensee in connection with the support services contemplated in Section 4.2.

2.25.       “User” means an individual able to use or gain access to any Licensed Software functionality.

3.              LICENSE

3.1.          Grant of License.  Licensor grants to Licensee a non-exclusive, non-transferable, non-sublicensable, fee-bearing license to (a) access and use the Licensed Software to implement the Transformations in the software of Licensee Products and (b) distribute such Licensee Products incorporating or reflecting such Transformations, solely up to the number of Licensee Products specified in the Pricing Plan.

3.2.          Restrictions on Use. Licensee shall not use the Licensed Software with a number of Licensee Products in excess of the number of Licensee Products specified in the Pricing Plan.  For purposes of clarity, each individual copy of a Licensee Product, even if identical to another individual copy of a Licensee Product, constitutes a separate Licensee Product for purposes of determining whether the maximum number of Licensee Products applicable to the Pricing Plan has been reached, provided that a copy of a Licensee Product maintained solely for disaster recovery purposes shall not be counted for such purpose.  Except as set forth in this Agreement, Licensee shall not directly or indirectly: (i) use the Licensed Software on a service bureau, time sharing or any similar basis, or for the benefit of any other person or entity; (ii) alter or make derivative works of the Licensed Software other than modifications or creations that occur as part of the expected operation of the Licensed Software; (iii) reverse engineer, reverse assemble or decompile, or otherwise attempt to derive source code from, the Licensed Software or any software component of the Licensed Software; (iv) use, or allow the use of, the Licensed Software for any unfair or deceptive practices or in contravention of any federal, state, local, foreign, or other applicable law, or rules and regulations of regulatory or administrative organizations; (v) act in a fraudulent, or tortious malicious manner when using the Licensed Software; (vi) circumvent or attempt to circumvent any license key information or any other element of the License Software designed to limit unauthorized use of the Licensed Software; and/or (vii) use the Licensed Software, or any functionality therein, except as expressly authorized by this Agreement.  Any breach of this Section 3.2 shall constitute a material breach of this Agreement.

3.3.          Ownership.  Licensor or its third party licensors own and will retain all right, title and interest in and to the Licensed Software, Documentation and all intellectual property rights therein. Licensee acknowledges and agrees that Licensee shall not obtain or claim any ownership interest in the Transformations, Licensed Software or Documentation, or any portion thereof, or any intellectual property rights therein. All Transformations, Licensed Software and Documentation shall be and remain the property of Licensor. Licensee agrees and acknowledges that the Transformations, Licensed Software and Documentation contain the valuable trade secrets and proprietary information of Licensor.  Licensee shall not, at any time during or after the Term, dispute or contest, directly or indirectly, Licensor’s exclusive rights and title in and to the Transformations, Licensed Software, Documentation and/or the intellectual property rights and trade secrets therein.   To the extent Licensee has or obtains any right, title or interest in any of the Licensed Software, Documentation or Transformations, Licensee hereby assigns all such right, title and interest to Licensor.

4.              DELIVERY AND SUPPORT

4.1.          Delivery; Implementation. Licensor will deliver the Licensed Software on the Effective Date and related user documentation on or promptly after the Effective Date.  Licensor will provide Licensee’s product deployment employees with its standard implementation support upon the delivery of the Licensed Software.

4.2.          Support Services.  Licensor will provide its standard support and maintenance for the Licensed Software during the Term at no additional charge.  Such support services will be provided to Licensee’s product deployment employees and not, for the avoidance of doubt and without limitation, to any customers of Licensee.

5.              FEES AND PAYMENTS

5.1.          Fees. Licensee shall pay to Licensor the fees applicable to the Pricing Plan (the “Fees”).  Licensee agrees that the credit card or other payment instrument specified by Licensee in the Order Form will be automatically charged the Fees as they become due.  Licensee’s license to use the Licensed Software shall be deemed immediately suspended if RunSafe is unable to charge such payment instrument for any reason.  Recurring fees shall be charged on each applicable anniversary (e.g., monthly, quarterly, etc.) of the Effective Date.  The fees applicable to the Pricing Plan may be subject to modification from time to time pursuant to notice provided by Licensor at least fifteen (15) days in advance of the payment date for which the modification would be effective, provided that any fee increase shall be limited to the greater of (i) the most recently reported ECI, and (ii) ten percent (10%).  Licensee’s failure to terminate this Agreement and cease use of the Licensed Software following such notice and through the payment date constitutes Licensee’s agreement to such modified Pricing Plan.  All Fees must be paid in U.S. dollars and are non-refundable.

5.2.          Reports; Audit.

a.              Reports.  Within thirty (30) days of the end of the each calendar month, Licensee shall provide Licensor with a written report of the use of the Licensed Software in the preceding month, containing detail as reasonably necessary to confirm that the number of Licensee Products with which the Licensed Software has been used during such month.

b.              Records.  To ensure compliance with Licensee’s obligations hereunder with respect to the maximum number of Licensee Products that can be used with the Licensed Software, Licensee shall maintain accurate, complete and reliable business and accounting records in reasonable detail so as to substantiate adequately the number of Licensee Products with which the Licensed Software has been used.  Up to once per annum, Licensor and/or its duly authorized representatives shall have the right, upon thirty (30) days’ advance written notice, during normal business hours, to review and inspect records and facilities to such extent as shall be reasonably necessary to verify Licensee’s compliance with the terms of this Agreement  Such review and inspection shall be at the sole cost and expense of Licensor; provided however that in the event that any such review and inspection shall reveal an undercharge or underpayment of five percent (5%) or greater, Licensee shall reimburse Licensor for the reasonable out-of-pocket costs of the review and inspection.

5.3.          Taxes.  Licensee shall pay all sales, use, VAT and other taxes and governmental charges on all amounts due under this Agreement, except for taxes on Licensor’s income.

5.4.          Maximum Usage.  Without derogation to any of Licensor’s other rights and remedies, Licensee agrees that, in the event of any usage of the Licensed Software for more than the maximum number of Licensee Products applicable to the Pricing Plan, Licensee shall promptly notify Licensor and shall be deemed to have selected the pricing plan for the Licensed Software applicable to such increased usage effective as of the first date of such excess usage and continuing for the remainder of the Term and shall be liable to pay all Fees applicable thereto.

6.              WARRANTIES

6.1.          Limited Licensed Software Warranty. Licensor warrants to Licensee that the Licensed Software will perform substantially in accordance with the Documentation for a period of ninety (90) days from the date Licensor provides notice to Licensee of completion of the installation of the Licensed Software hereunder (“Warranty Period”).  If, during the Warranty Period, Licensee believes that the Licensed Software does not materially conform with the above limited warranty, Licensee shall promptly notify Licensor in writing and provide Licensor with sufficient documentation of such nonconformity to enable Licensor to reproduce and verify the same (“Warranty Notice”).  Licensor’s sole obligation with respect to any claims of nonconformance with the above limited warranty shall be (i) to provide Licensee with instructions for curing such nonconformity, (ii) to provide Licensee with an updated version of such item which is free of such nonconformity, (iii) to provide Licensee with a functionally equivalent software package which is free of such nonconformity and which, following delivery, will be regarded as an item of Licensed Software under this Agreement, or (iv) in the event Licensor is unable to accomplish any of the above after using its commercially reasonable efforts, it will accept a return of all such nonconforming Licensed Software and refund to Licensee the prorated amount of the License Fees paid by Licensee prior to such termination.  The limited warranty set forth in this Section 6.1 shall not be applicable in the event that any nonconformity arises from (i) any modification to the Licensed Software not made by Licensor, (ii) use of the Licensed Software in a manner not described in the Documentation or this Agreement, (iii) any modification to the Licensed Software or Documentation not made by Licensor, (iv) use of the Licensed Software or Documentation in any unlawful, improper or inappropriate manner or for any unlawful, improper or inappropriate purpose, (v) failure by Licensee to incorporate and use all Updates to the Licensed Software available from Licensor within one hundred and eighty (180) days from the date that they are made available; (vi) hardware, software or services not provided by Licensor or (vii) as a result of the negligence or intentional misconduct of any user of the Licensed Software.

6.2.          Compliance with Laws. Each Party shall be exclusively responsible for its compliance with all laws and regulations applicable to its business.

6.3.          Disclaimer.  EXCEPT AS PROVIDED IN THIS SECTION 6 AND ELSEWHERE IN THIS AGREEMENT, LICENSOR AND ITS SUPPLIERS MAKE AND GIVE NO REPRESENTATIONS OR WARRANTIES WHATSOEVER, AND EXPRESSLY DISCLAIM ALL WARRANTIES, REPRESENTATIONS, CONDITIONS AND GUARANTIES, WHETHER ORAL OR WRITTEN, IMPLIED OR STATUTORY, WITH REGARD TO THE LICENSED SOFTWARE AND ANY COMPONENTS THEREOF AND ANY SERVICES, INCLUDING WITHOUT LIMITATION ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, NON-INTERFERENCE, AND WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

7.              Indemnification.

7.1.          Infringement Indemnity.  Licensor, at its own expense, shall indemnify Licensee (for purposes of this Section 7.1, “Licensee” shall include  Licensee’s affiliates, directors, officers, employees, agents, and advisors) from and against any action brought against Licensee by a third party to the extent that such action is solely based on a claim (each a “Claim”) that the Licensed Software as delivered by Licensor, when used in accordance with this Agreement, infringes any intellectual property rights of any third party and Licensor shall pay all resulting costs, settlements and damages finally awarded against Licensee by a court of applicable jurisdiction or in a settlement approved by Licensor in such Claim, provided: (a) Licensor shall have sole control of the defense and/or settlement of such claim or suit; (b) Licensee will notify Licensor promptly in writing of each such claim or suit and shall give Licensor all information known to Licensee relating thereto; and (c) Licensee will cooperate with any reasonable request of Licensor in the settlement or defense of any such claim or suit.  Licensee shall be reimbursed for all reasonable out of pocket expenses incurred in providing any cooperation requested by Licensor.  If all or any part of the Licensed Software is, or in the opinion of Licensor may become, the subject of any Claim or suit for infringement of any third party rights, Licensor may, at its expense and discretion, do one of the following things: (i) procure for Licensee the right to use the Licensed Software or the affected part of the Licensed Software; (ii) replace the Licensed Software or the affected part of the Licensed Software with other Licensed Software providing substantially similar functionality; (iii) modify the Licensed Software or the affected part of the Licensed Software to make it non-infringing; or (iv) terminate this Agreement.  Notwithstanding the foregoing, Licensor shall have no obligations under this Article to the extent that a Claim is based upon:  (A) a modification of the Licensed Software made by Licensee, which but for such modification, the Claim would not have arisen,  (B) Licensee’s failure to install an Update that was delivered by Licensor and received by Licensee at least ninety (90) days in advance of the Claim, if such infringement would have been avoided by use of such Update; (C) a combination of the Licensed Software with other software, hardware and other products not provided by Licensor; (D) use of the Licensed Software in any unlawful, improper or inappropriate manner or for any unlawful, improper or inappropriate purpose, or (E) any Claim of infringement of any patent or copyright or misappropriation of any trade secret in which Licensee or any affiliate of Licensee has a pecuniary or other material interest. The indemnification remedies set forth in this Section 7.1 shall constitute Licensee’s exclusive remedies, and Licensor’s exclusive liability with respect to the claims described in this Section 7.1.

7.2.          Indemnity for Licensee’s Use.  Licensee, at its own expense, shall indemnify Licensor (for purposes of this Section 7.2, “Licensor” shall include  Licensor’s affiliates, directors, officers, employees, agents, and advisors) from and against any action brought against Licensor by a third party to the extent that such action is based on a claim arising from Licensee’s or its customers’ use of the Licensed Software or Licensee Products, excluding any claims arising from Licensor’s gross negligence or willful misconduct, and Licensee shall pay all resulting costs, settlements and damages finally awarded against Licensor by a court of applicable jurisdiction or in a settlement approved by Licensee in such Claim, provided: (a) Licensee shall have sole control of the defense and/or settlement of such claim or suit; (b) Licensor will notify Licensee promptly in writing of each such claim or suit and shall give Licensee all information known to Licensor relating thereto; and (c) Licensor will cooperate with any reasonable request of Licensee in the settlement or defense of any such claim or suit.  Licensor shall be reimbursed for all reasonable out of pocket expenses incurred in providing any cooperation requested by Licensee.

8.              TERM

8.1.          Term. This Agreement shall commence on the Effective Date and continue for one (1) year (“Initial Term”), and thereafter shall renew for successive additional one (1) year renewal terms (each a “Renewal Term”), unless either Party notifies the other in writing at least ninety (90) days prior to the end of the then-current term that it does not wish to so renew. The Initial Term and any Renewal Terms are collectively referred to herein as the “Term.”

8.2.          Termination for Breach. Either Party may terminate this Agreement for cause upon written notice to the other in the event of a material breach of this Agreement provided that (a) the non-breaching Party shall first have sent written notice to the breaching Party describing the breach in reasonable detail and demanding that it be cured, and (b) the breaching Party does not cure the breach within thirty (30) days following its receipt of such notice.  The non-breaching Party agrees to respond to questions and/or request(s) for clarification(s) from the breaching Party in writing (electronic mail is acceptable) within two (2) business days of receipt.

8.3.          Termination for Insolvency/Bankruptcy/Liquidation.  Either Party may terminate this Agreement by written notice to the other Party if the other Party: (a) becomes insolvent or admits inability to pay its debts generally as they become due; (b) becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy or insolvency law, which is not dismissed or vacated within sixty (60) days after filing; (c) is dissolved or liquidated or takes any corporate action for such purpose with no permitted successor or assignee having assumed and given the other Party adequate written assurance of the continued full performance of this Agreement; (d) makes a general assignment for the benefit of creditors; or (e) has a receiver, trustee, custodian or similar agent appointed by order of any court of competent jurisdiction to take charge of or sell any material portion of its property or business.

8.4.          Termination of Software License During Trial Period.  If the Order Form specifies that a free trial period is applicable, then: (i) if Licensee has provided valid payment instrument information (e.g., a credit card number), then Licensee may freely terminate this Agreement within thirty (30) days after the Effective Date upon written notice to Licensor, in which case no Fees will be due or payable hereunder; and (ii) if Licensee did not provide payment instrument information in the Order Form and does not do so prior to the thirty (30) day anniversary of the Effective Date, then (1) Licensee’s right to use the Licensed Software under Section 3.1 shall be deemed suspended (and the Licensed Software may cease to function) until and unless Licensee pays all applicable Fees and (2) either party may terminate this Agreement prior to such Fees being paid. Notwithstanding the foregoing, Licensee’s obligations set forth in Section 8.5 shall continue to apply.

8.5.          Effect of Termination. Upon the termination of this Agreement, the licenses granted in Section 3 shall terminate and Licensee shall promptly destroy all copies of the Licensed Software and Documentation and, upon Licensor’s request, Licensee shall provide a written certification signed by an authorized officer attesting to such destruction. Upon termination of this Agreement, any unpaid portion of the License Fee that accrued prior to such termination shall be accelerated and immediately due and payable to Licensor. Licensee may sell any Licensee Products upon which Transformations were implemented prior to the termination of this Agreement, subject in all respects to the License Fees due hereunder.

8.6.          Survival. Upon expiration or termination of this Agreement, all terms of this Agreement shall terminate, except that Sections 2, 5, 6.3, 7, 8.5, 8.6, 9, 10 and 11 shall survive expiration or termination of this Agreement according to their respective terms.

9.              Confidentiality.

9.1.          General. During the Term, each Party (the “Receiving Party”) may have access to information that the other Party (the “Disclosing Party”) considers to be confidential and/or a trade secret; this includes but is not limited information that is not generally available to the public, whether of a technical, business, or other nature and that: (a) the Receiving Party knows or has reason to know is confidential, proprietary, or trade secret information of the Disclosing Party; and/or (b) is of such a nature that the Receiving Party should reasonably understand that the Disclosing Party desires to protect such information against unrestricted disclosure (“Confidential Information”). The Parties acknowledge that the Licensed Software shall be the Confidential Information of Licensor. In addition to any other remedies available to either Party at law or equity, both Parties shall have the right to injunctive relief enjoining any action that results in a breach of this Section 9 and in order to prevent any irreparable harm that will occur to as a result of such breach. Confidential Information does not include information which (i) is rightfully known to the Receiving Party prior to the time of disclosure as evidenced by the written records of the Receiving Party, (ii) has become publicly known and made generally available to the public by the Disclosing Party, (iii) has been rightfully received by the Receiving Party from a third party who is authorized to make such disclosure and such party is not under any obligation of confidentiality to the Disclosing Party, or (iv) was independently developed without use of or reference to any Confidential Information of the Disclosing Party and by employees of the Receiving Party who have had no access to such information.

9.2.          Non-Disclosure. The Receiving Party will use Confidential Information only to perform its obligations under, and for the purposes of, this Agreement. The Receiving Party will not use Confidential Information for the benefit of a third party, excluding the Disclosing Party’s affiliates. The Receiving Party will maintain the confidentiality of Confidential Information in the same manner in which it protects its own information of like kind, but in no event will either Party take less than reasonable precautions to prevent the unauthorized use or disclosure of the Confidential Information. The Receiving Party is permitted to disclose Confidential Information to its employees and authorized subcontractors on a need to know basis only, provided that all such subcontractors have written confidentiality obligations to the Receiving Party which are at least as restrictive as those set forth in this Agreement. The Receiving Party will be responsible for any damages arising from any unauthorized disclosure of Confidential Information. Nothing in this Agreement will be deemed to prevent the Receiving Party from disclosing any Confidential Information received hereunder pursuant to any regulatory, self-regulatory or supervisory authority having appropriate jurisdiction, any applicable law, regulation or court order, including, without limitation, the Securities Act of 1933 and the Securities Exchange Act of 1934, provided that (i) such disclosure will be limited to the minimum acceptable level of disclosure; (ii) that the Receiving Party, unless prohibited by such regulatory, self-regulatory or supervisory authority, or such law, regulation or court order, will notify the Disclosing Party of such imminent disclosure as soon as is practicable and in all events with sufficient prior notice to allow the Disclosing Party to seek a protective order or otherwise to object; and (iii) that the Receiving Party will minimize or prevent such disclosure to the maximum extent allowed under applicable law, regulation or court order. The Receiving Party will promptly inform the Disclosing Party of any actual or suspected breach of the confidentiality obligations set forth in this Agreement upon becoming aware of such actual or suspected breach and agrees to reasonably cooperate with the Disclosing Party in the incident response process. Immediately upon the earlier of a Party’s request or the termination or expiration of this Agreement for any reason, the Receiving Party will: (x) stop using all of Disclosing Party’s Confidential Information then in its possession not under a valid license; (y) erase or destroy all such Confidential Information residing in any computer memory or data storage apparatus; and (z) destroy or return to the Disclosing Party (in the Disclosing Party’s discretion) all such Confidential Information in tangible form.

10.           LIMITATION OF LIABILITY

10.1.       Liability for Certain Damages. EXCEPT WITH RESPECT TO EACH PARTY’S INDEMNIFICATION OBLIGATIONS SET FORTH IN SECTION 8 OR DAMAGES FOR BREACH OF THE CONFIDENTIALITY OBLIGATIONS IN SECTION 9, IN NO EVENT SHALL EITHER PARTY OR ANY AFFILIATE OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, USERS, EMPLOYEES, AGENTS OR REPRESENTATIVES BE LIABLE TO THE OTHER OR TO ANY PERSONNEL, SUBCONTRACTOR OR OTHER PERSON OR ENTITY CLAIMING THROUGH SUCH PARTY IN CONNECTION WITH THE SERVICES OR THIS AGREEMENT UNDER ANY EQUITY, COMMON LAW, CONTRACT, ESTOPPEL, NEGLIGENCE, TORT, STRICT LIABILITY OR ANY OTHER THEORY (REGARDLESS OF THE FORM OF ACTION) FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, PUNITIVE OR SPECIAL DAMAGES, OR FOR LOST PROFITS, LOSS OF BUSINESS OR LOSS OF GOODWILL, ARISING OUT OF, RESULTING FROM, OR RELATING TO THE SERVICES OR THIS AGREEMENT EVEN IF SAID PARTY OR ANY AFFILIATE(S) HAS/HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

10.2.       Amount of Damages. IN NO EVENT SHALL LICENSOR’S AGGREGATE CUMULATIVE LIABILITY TO LICENSEE ARISING OUT OF, RESULTING FROM OR RELATING TO THE AGREEMENT OR THE LICENSED SOFTWARE EXCEED THE AMOUNT OF FEES PAID BY LICENSEE HEREUNDER FOR THE TWELVE (12) MONTH PERIOD IMMEDIATELY PRECEDING THE CLAIM.

11.           MISCELLANEOUS

11.1.       Force Majeure. Neither Party shall be liable to the other Party, nor be deemed to have defaulted under or breached this Agreement, for any failure or delay in fulfilling or performing any term of this Agreement, when and to the extent such failure or delay is caused by: (a) acts of God; (b) flood, fire or explosion; (c) war, terrorism, invasion, riot or other civil unrest; (d) embargoes or blockades in effect on or after the date of this Agreement; or (e) national or regional emergency; or (f) strikes, labor stoppages or slowdowns (each of the foregoing, a “Force Majeure Event”), in each case provided that: (i) such event is outside the reasonable control of the affected Party; (ii) the affected Party provides prompt notice to the other Party, stating the period of time the occurrence is expected to continue; and (iii) the affected Party uses diligent efforts to end the failure or delay and minimize the effects of such Force Majeure Event.

11.2.       Notice. Whenever, under the terms of or in connection with this Agreement, any notice, consent, approval, authorization or other information is proper or required to be given by either Party, such notice, consent, approval, authorization or other information shall be in writing and shall be given or made by reputable overnight courier with documentation of receipt to the intended recipient thereof or by registered or certified mail, return receipt requested, and with all postage prepaid, to the address set forth below (in the case of Licensor) or to the address set forth in the Order Form (in the case of Licensee) or to such other address for either Party as may be supplied by notice given in accordance herewith.

a.              If to RunSafe:

RunSafe Security, Inc.

Attention CEO

1775 Tysons Blvd, Fifth Floor

McLean, VA 22102

11.3.       Entire Agreement. This Agreement contains all of the understandings and agreements of the parties hereto in respect of the subject matter hereof as of the Effective Date, and any and all prior understandings and agreements, expressed or implied, between the Parties hereto in respect of the subject matter hereof are superseded hereby.  Any additional or different terms appearing on any invoice or other document including terms and conditions in standard or preprinted documents or on Licensor’s web site that are inconsistent with this Agreement shall be void and have no force or effect.  An amendment of this Agreement shall be binding upon the parties so long as it is either in writing and executed by both parties or is presented by Licensor electronically and accepted by Licensee by clicking on “Accept” or similar language.

11.4.       Assignment; Successors. Neither this Agreement nor any rights, obligations or licenses granted hereunder may be assigned or delegated by either Party without the prior written consent of the other Party, except that (a) Licensee may, without the consent of Licensor, delegate any obligations under this Agreement or assign this Agreement in whole or in part to an Affiliate of Licensee capable of performing the Licensee obligations hereunder and (b) either Party may assign this Agreement without consent to an acquirer or successor in connection with a reorganization, consolidation, merger, acquisition or sale of all or substantially all assets of such Party. Any attempted assignment by Licensee in violation of this Section 11.4 shall be void and of no force or effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their permitted successors and assigns.

11.5.       Headings. Captions and section headings hereof are for reference purposes only and shall not control or alter the meaning of this Agreement as set forth in the text.

11.6.       Severability. In the event any one or more of the terms or provisions contained in this Agreement or any application thereof finally shall be declared by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of Agreement or any application thereof shall not in any way be affected or impaired, except that, in such an event, the Parties agree to negotiate in good faith to revise this Agreement in order to give effect to the benefit of the bargain with respect to this Agreement.

11.7.       No Waiver. No waiver of any breach of this Agreement shall (a) be effective unless it is in a writing which is executed by the Party charged with the waiver, or (b) constitute a waiver of a subsequent breach, whether or not of the same nature.  All waivers shall be strictly construed.  No delay in enforcing any right or remedy as a result of a breach of this Agreement shall constitute a waiver thereof.

11.8.       Governing Law; Venue.  This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the Commonwealth of Virginia, without regard to its conflicts of laws principles.    The Federal and State courts located in the Eastern District of Virginia shall have exclusive jurisdiction over all proceedings related to this Agreement and the Parties hereby submit to personal jurisdiction of, and waive any objection they may now or hereafter have to the laying of venue in such courts.  THE PARTIES WAIVE ANY RIGHT TO A JURY TRIAL AND REPRESENT TO EACH OTHER THAT THIS WAIVER IS MADE KNOWINGLY AND VOLUNTARILY AFTER CONSULTATION WITH AND UPON ADVICE OF COUNSEL.

 

SCHEDULE A

Available Transformations

The Licensed Product may include any of the following transformation technique(s):