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Company Information 1 MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN BRILTIME LTD. registered in HONG KONG having its office at 603, Hung Hom Commercial Centre, Tower A, 37-39 Ma Tau Wai Rd, Hung Hom, Kowloon, Hong Kong, hereinafter called ‘Team Briltime’ of the One Part AND _______________________<Name of Company> registered in _______________________<Name of City>, _______________________<COUNTRY> having its office at ______________________________________________<Register Office Address> hereinafter called “Business Owners” of the Other Part: WHERE AS: The Team Briltime is providing a Social Media Software Application ‘SMAZING’, available worldwide at Apple App store and Google Play store for a free download. The Business Owners want to market their Products/Services offerings on Smazing Software Application to reach out to users Worldwide for a defined period of time. The Business Owners will extend exciting offers on the Products in exchange on Smazing Loyalty Points that the users earn via the Use of the Software Application. The details of the process are attached in the Annexures. The terms and conditions of this MoU shall apply to the attached Exhibits, and to subsequent replacements for the attached Exhibits that are entered into between the Parties from time to time during the term of this MoU. NOW IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS: — 1. Team Briltime has published a Social Media Software Application ‘Smazing’, available for a free download on the Apple App Store and Google Play Store, Globally. Users enjoy an authentic and safe place to share and express their thoughts, experiences, life events, etc. and communicate with other users on the Platform. Software Application ‘Smazing’ is available for users globally at No Cost.

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Page 1: MEMORANDUM OF UNDERSTANDING (MoU) · Company Information 1 MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN BRILTIME LTD. registered in HONG KONG having its office at 603, Hung Hom Commercial

CompanyInformation 1

MEMORANDUMOFUNDERSTANDING(MoU)

BETWEEN

BRILTIMELTD.registeredinHONGKONGhavingitsofficeat603,HungHomCommercialCentre,

TowerA,37-39MaTauWaiRd,HungHom,Kowloon,HongKong,hereinaftercalled‘TeamBriltime’

oftheOnePart

AND

_______________________<NameofCompany>registeredin_______________________<Nameof

City>, _______________________<COUNTRY> having its office at

______________________________________________<RegisterOfficeAddress>hereinaftercalled

“BusinessOwners”ofthe

OtherPart:

WHEREAS:

• The Team Briltime is providing a Social Media Software Application ‘SMAZING’, available

worldwideatAppleAppstoreandGooglePlaystoreforafreedownload.

• The Business Owners want to market their Products/Services offerings on Smazing Software

ApplicationtoreachouttousersWorldwideforadefinedperiodof time.TheBusinessOwners

willextendexcitingoffersontheProducts inexchangeonSmazingLoyaltyPointsthattheusers

earn via the Use of the Software Application. The details of the process are attached in the

Annexures.

• The terms and conditions of thisMoU shall apply to the attached Exhibits, and to subsequent

replacements for theattachedExhibits that areentered intobetween theParties from time to

timeduringthetermofthisMoU.

NOWITISAGREEDBETWEENTHEPARTIESHERETOASFOLLOWS:—

1. TeamBriltimehaspublishedaSocialMediaSoftwareApplication ‘Smazing’, available fora free

downloadontheAppleAppStoreandGooglePlayStore,Globally.Usersenjoyanauthenticand

safe place to share and express their thoughts, experiences, life events, etc. and communicate

withotherusersonthePlatform.SoftwareApplication‘Smazing’isavailableforusersgloballyat

NoCost.

Page 2: MEMORANDUM OF UNDERSTANDING (MoU) · Company Information 1 MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN BRILTIME LTD. registered in HONG KONG having its office at 603, Hung Hom Commercial

CompanyInformation 2

2. RightstoLicense.TeamBriltimewarrantsandrepresentsthatithastherightsnecessarytoenter

intothisMoU,includingallrightsnecessaryfromthirdpartieswhoseintellectualpropertymaybe

incorporatedintheSoftwarebyTeamBriltime.

3. On attaining a Business Owners profile, users can create Promotional Campaigns of the

Product/ServiceOfferings.CreationofCampaignfunctionalityisavailableandlimitedtoBusiness

Owner profile users only. Process reference is available in Annexure. Once the respective

Campaignissetup,thePromotionalVideoisfeaturedundertheFeaturedSectionoftheTimeline

Pageof theSoftwareApplicationand isavailable tousersacross theglobeora selectivesetof

users,chosenaspertheBusinessOwner.

4. TheViewershipofsuchPromotionalVideoswillincentivizetheuserbasetoearnSmazingLoyalty

Points(SLPs)thatcanbetradedfortheofferings.BusinessOwnerswillaccepttheSmazingLoyalty

PointsinexchangeoftheOfferingpostedontheSmazingSoftwareApplication.

5. SubjecttothetermsandconditionsofthisMoUandanyadditionalconditionsdefinedinExhibits

attached, Team Briltime hereby grants the Business Owner, a limited, nonexclusive, non-

assignable, non-revocable, license to use the Software subject to the terms and additional

restrictionsdefinedunderthisExhibitA(togetherthe“License”).TotheextenttheSoftwaremay

contain or incorporate third-party software, Business Owner agrees to use the third-party

softwareproductsormodulesprovidedbyTeamBriltimesolelyinconjunctionwiththeSoftware

andinaccordancewiththetermsofthisMoU.

6. Except as authorized in Exhibit A, BusinessOwner agrees that itwill not itself, or through any

Affiliate or other party: (a) Distribute, resell, rent, lease, license or sublicense or otherwise

provide to any third party any portion of the Software, the Documentation. (b) Copy or

reproducetheSoftwaretoanyserverorlocationotherthanaserverorlocationauthorizedbythe

terms of Exhibit A. (c) Decompile, disassemble, modify, or reverse engineer the Software, in

wholeorinpart,orattempttodoanyoftheforegoing.

7. BusinessOwnerisusingandoperatingSmazingSoftwareApplicationandtheplatformhasproven

its functionality for theBusinessOwner. Apart from this, in the event that the platform shows

unexpected behaviour in service critical functionality already provided, which is caused by a

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CompanyInformation 3

platform fault,TeamBriltimewillmaintain itsbesteffort to repair this fault.TeamBriltimewill

prioritiesthefaultaccordingtoitscriticality.TeamBriltimeshalluseitsbestendeavorstoimprove

and add-in additional Features on the Software Application, improve the user experience and

maintaintheappforacontinuousandun-interrupteduse.

8. Team Briltime warrants and represents that: The MoU between Team Briltime and Business

Owner isnotdependentonanyotheragreementdone inthepastortobedone in future.The

present agreement/ understanding / contract shall be totally immune from all kind of past

/present and/or future legal/financial/operation disputes or otherwise between Team Briltime

andthirdpartyincludesthestatutoryauthority.Theyshallexpresslyinform/intimate/makenote

to all its associates including legal / accounts / auditors / advisors/planners/operational /

administrationaboutsigningandorexpressobligationofsuppliertowardstheCustomers.

9. Disclaimer.EXCEPTASEXPRESSLYSETFORTHABOVE,TEAMBRILTIMEMAKESNOWARRANTIES,

WHETHEREXPRESS, IMPLIED,ORSTATUTORYREGARDINGORRELATINGTOTHESOFTWAREOR

THE DOCUMENTATION, OR ANY MATERIALS OR SERVICES FURNISHED OR PROVIDED TO THE

BUSINESS OWNER UNDER THIS MOU INCLUDING, WITHOUT LIMITATION, MAINTENANCE,

TECHNICAL SUPPORT AND PROFESSIONAL SERVICES. TEAM BRITIME FURTHER SPECIFICALLY

DISCLAIMSALLWARRANTIESOFFITNESSFORAPARTICULARPURPOSEANDMERCHANTABILITY.

10. LIMITATIONOF LIABILITY. IN NO EVENTWILL TEAM BRILTIME OR ITS SUPPLIERS, IF ANY, BE

LIABLE FORANY LOSSOF PROFITS, LOSSOFUSE, BUSINESS INTERRUPTION, LOSSOFDATA,OR

INDIRECT, SPECIAL, INCIDENTALOR CONSEQUENTIALDAMAGESOFANY KINDARISINGOUTOF

THISMOU,WHETHER INCONTRACTORTORT, EVEN IF TEAMBRILTIMEHASBEENADVISEDOF

THEPOSSIBILITYOFSUCHDAMAGES.

11. CONFIDENTIAL INFORMATION. During the Term of thisMoU, and for five (5) years after the

dateofexpirationorterminationofthisMoU,bothPartiesshalltreatthisMoU,theSoftware,and

allconfidential information, including,butnot limitedto,confidentialdata,confidential reports,

Registered User lists, and other confidential records that are received from the other Party as

secret,confidential,andproprietary(collectively“ConfidentialInformation”),andshallholdsuch

Confidential Information in strict confidence, and shall not disclose or use such Confidential

Informationwithout thepriorwrittenconsentof thedisclosingPartyexceptasprovided in this

Page 4: MEMORANDUM OF UNDERSTANDING (MoU) · Company Information 1 MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN BRILTIME LTD. registered in HONG KONG having its office at 603, Hung Hom Commercial

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MoU.BothPartiesshalldevelopandimplementsuchproceduresasmayberequiredtoprevent

theintentionalornegligentdisclosuretothirdpartiesofConfidentialInformationcommunicated

toeitherPartyand itsemployees,contractorsandagentsbytheotherParty, including,without

limitation, requiring each of its employees, contractors and agents having access to such

Confidential Information received under this MoU to enter into an appropriate nondisclosure

agreementwiththereceivingPartythatrequiresthelevelofcaredefinedinthisMoU.

12. Limited Exceptions. Nothing in this MoU shall prevent the disclosure by either Party or its

employees,contractors,andagentsofConfidential Informationthat: (a)priortothetransmittal

thereoftothereceivingPartywasofgeneralpublicknowledge;(b)becomes,subsequenttothe

timeoftransmittaltothereceivingParty,amatterofgeneralpublicknowledgeotherthanasa

consequence of a breach by the receiving Party, its employees, contractors or agents of any

obligationunderthisMoU;(c)ismadepublicbythedisclosingParty;(d)wasinthepossessionof

thereceivingPartyindocumentaryformpriortothetimeofdisclosurethereof,andisheldbythe

receivingPartyfreeofanyobligationofconfidencetothedisclosingPartyoranythirdparty;or(e)

isreceivedingoodfaithfromathirdpartyhavingtherighttodiscloseit,whodidnotobtainsuch

informationfromthedisclosingPartyandwhoimposesnoobligationofsecrecyonthereceiving

Partywithrespecttosuchinformation.

13. Compelled Disclosure. In the event that either Party is required by law to disclose any

Confidential Information,thereceivingPartyagreestoprovidethedisclosingPartywithprompt

noticeof such request(s) so that thedisclosingPartymay seekanappropriateprotectiveorder

and/orwaivethereceivingParty’sorsuchperson’scompliancewiththeprovisionshereof.Inthe

absence of a protective order or the receipt of a waiver hereunder, if the receiving Party is

nonetheless, in thewrittenopinionof the receivingParty’s legal counsel, compelled todisclose

any Confidential Information, the receiving Party may disclose such information as is legally

requiredtobedisclosedwithoutliabilityhereunder,providedthatthereceivingPartyusesitsbest

efforts to obtain assurances that confidential treatment will be afforded to such Confidential

InformationbythepersonstowhomsuchConfidentialInformationisdisclosed.

14. TERM. THISMASTERAGREEMENTWILLTAKEEFFECTONTHEEFFECTIVEDATEANDPROVIDES

ANIRREVOCABLERIGHTTOUSETHESOFTWAREUNDERTERMSSPECIFIEDINEXHIBITA

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CompanyInformation 5

15. TeamBriltime is committed to distribute the SoftwareApplication across various geographies

through using conventional and onlinemodes ofMarketing. Team Briltimewill hire or employ

expertsmanagingtheappcommunicationtousersglobally.

16. TeamBriltimewillworktowardsanEcosystemwhereinSmazingLoyaltyPointsareacceptedon

other E-Commerce platforms &/or Loyalty Programs &/or Blockchain Netwroks, etc., Globally.

BusinessOwnerswillbeabletoexchangeortradetheSLPsaccumulatedontheSmazingSoftware

AppinexchangeofGoods/Products/ServicesavailableonsuchPlatforms.TermsandConditionsof

otherPlatformswillbedefinedinaSeparateAgreement.

17. Ifaparty isprevented,hinderedordelayed inorfromperforminganyof itsobligationsunder

thisMoUbyaForceMajeureEvent(“AffectedParty”),theAffectedPartyshallnotbeinbreachof

thisMoUorotherwiseliableforanysuchfailureordelayintheperformanceofsuchobligations.

Thetimeforperformanceofsuchobligationsshallbeextendedaccordingly.

18. The Business Owners will supply the Listed Offering to the End Customers directly. All the

Purchase transactions, if any, will be invoiced to the Customer by the Business Owner. The

BusinessOwners are responsible to collect thepayments from theEndCustomer, if any. Team

Briltime is not responsible for any transactionsoccurringbetween theBusinessOwner and the

EndCustomer.

19. DisputeResolution.Anydispute,claimorcontroversyarisingoutoforrelatingtothisMoUor

the breach, termination, enforcement, interpretation or validity thereof shall be subject to the

lawsandcourtsofHongKong.

20. Anypartywillbeentitledtocancelthisarrangementbygivingpriornoticeofatleastonemonth

totheotherpartyinanyofthefollowingevents–

(a) IftheotherpartycommitsbreachofanytermofthisUnderstanding.

(b) Iftheeitherofthepartiesgoesintovoluntaryliquidationorisorderedtobewoundupbya

courtoflaw.

(c) If any event happens which makes the performance of this arrangement impossible by

reasonofanyforcemajeureorotherwise.

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CompanyInformation 6

(d) IftheBusinessOwnerisguiltyofanyconductwhichTeamBriltimefeelsprejudicialtothe

interestoftheCompany.

21. WAIVER.AnywaiveroftheprovisionsofthisMoUorofaparty’srightsorremediesunderthis

MoU must be in writing to be effective. Failure, neglect, or delay by a party to enforce the

provisionsofthisMoUoritsrightsorremediesatanytime,willnotbeconstruedordeemedtobe

awaiverof theparty’s rightsunder thisMoUandwill not in anywayaffect the validityof the

wholeoranypartofthisMoUorprejudicetheparty’srighttotakesubsequentaction.

22. TheMoUisexecuted induplicateandTeamBriltimeandtheBusinessOwnerhereofwillkeep

onecopy.

INWITNESSWHEREOFthepartieshaveputtheirrespectivehandsthedayandyearfirsthereinabovewritten.

SIGNATUREBLOCK

BriltimeLtd.

DevWadhwani

Founder&Partner

SIGNATUREBLOCK

_______________________<NameofCompany>

_______________________<SigningAuthority>

_______________________<Designation>

(Date) (Date)

Page 7: MEMORANDUM OF UNDERSTANDING (MoU) · Company Information 1 MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN BRILTIME LTD. registered in HONG KONG having its office at 603, Hung Hom Commercial

CompanyInformation 7

Page 8: MEMORANDUM OF UNDERSTANDING (MoU) · Company Information 1 MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN BRILTIME LTD. registered in HONG KONG having its office at 603, Hung Hom Commercial

CompanyInformation 8

EXHIBITA

LICENSESCHEDULE

ThisLicenseSchedule(“LicenseSchedule”or“ExhibitA”)iseffectiveasof

_______________________<INSERTDATE>(the“ExhibitDate”)andisattachedtoandmadeapart

oftheMemorandumofUnderstandingdated_______________________<INSERTDATE>between

TEAMBRILTIMEandBUSINESSOWNER.ExceptasstatedotherwiseinthisLicenseSchedule,the

definedtermsusedbelowwillhavethesamemeaningsasthedefinedtermsintheMoU.Theterms

andconditionsofthisExhibitAwillgoverniftheyconflictwithanytermorconditionintheMoU,and

thisExhibitAiseffectiveontheExhibitDateabovewhenithasbeensignedbybothPartiesand

supersedesandreplacesanypriorExhibitsAintheirentirety.

1.DESCRIPTIONOFSOFTWARE.TheSmazingSoftwarePlatform(the“Software”orthe“Platform”)is

server-basedsoftwarethatenablesmobiledeviceuserstoViewanduploadvideos,broadcasts,

featuredcontent,useindividualandgroupaudioandvideochat,low-costphonecalls,andSMS

servicesandvariousotherfeatures.

Inadditiontotheserver-basedsoftware,SmazingSoftwarePlatformprovides2SDKs(Software

DevelopmentKit),oneforAndroidPlatformandoneforiOSPlatform,whichenablethesoftware

functionalityprovidedbySmazingSoftwarePlatformonmobiledeviceswithiOSorAndroid

operatingsystem.ThissoftwarelicenseoftheSDKswillbenamedtheSDKLicense

ThesoftwareisdescribedfullyintheWhite-PaperandisavailabletotheBusinessOwnerupon

requesttoacquiretheWhite-Paper.Morespecifically,BusinessOwnerisusingtheSmazingSoftware

ApplicationforMarketingandPromotionoftheProductsorServicesithastooffer.TheTermLicense

coversallSmazingSoftwarecomponentsonclient(mobiledevice)andserversiderequiredtorun

SmazingSoftwareApplicationinitscurrentdevelopedfunctionality.

2.LICENSERESTRICTIONS.BusinessOwnerisauthorizedtoprovideitscustomerswithaccesstothe

SoftwareatNOCOST.BusinessOwnerisauthorizedtouseandrunthesoftwareattheirendontheir

preferredMobileDevices.

3.DataCenterLocation.ThecurrentdatacenterlocationisAmazonWebServicesRegionSingapore.

OneAmazonWebServicesRegionwillbeconsideredasonedatacenterlocation.AnAmazon

WebServicesRegioncancontainmultipleavailabilityzones.ThetermsLicensecoversthe“Server

License”andthe„SDKLicense“.

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CompanyInformation 9

ANNEXUREA

CREATEABUSINESSOWNERACCOUNT

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CompanyInformation 10

ANNEXUREB

SETUPCAMPAIGN

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CompanyInformation 11

ANNEXUREC

REWARDINGSYSTEM

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ANNEXURED

EARNANDEXCHANGE