Service Agreement

SERVICE AGREEMENT

THIS AGREEMENT ("Agreement") is made and effective as of the date of acceptance, by and between you ("Client") and

WHEREAS, Seedboxes.cc, a registered company under the name Modern Industries Limited, owns, distributes and provides various products and services for conducting business on the Internet

WHEREAS, Client desires to utilize some or all of the Services to develop, enhance or maintain Client's business and/or presence on the Internet.

NOW THEREFORE, in consideration of the mutual promises set forth herein, the parties hereto agree as follows:

1. Seedboxes.cc SERVICES

Seedboxes.cc agrees to provide to Client the Services agreed upon between Seedboxes.cc and Client as selected by Client in Seedboxes.cc's customer database that is specified at www.Seedboxes.cc

Modern Industries Ltd (known as 'Seedboxes.cc').

2. PAYMENT AND INVOICING

2.1 In consideration of the performance of the Services, Client shall pay Seedboxes.cc monthly in advance the amount set forth in Seedboxes.cc's customer database as such records are amended from time to time for the Services during the term of this Agreement.

2.2 Client shall receive a confirmation letter via e-mail at the time Client contracts for the Services, which shall confirm the fees payable to Seedboxes.cc. Thereafter, Client shall receive a monthly billing statement for the upcoming month. The monthly billing statement shall indicate any changes in fees, which fees shall become effective upon ten (10) days' notice as set forth in Section 2.4 herein.

2.3 Client is responsible for all activities and charges resulting from Client's use of the Services. Client agrees to pay all fees, bandwidth charges, connect time charges, surcharges, and other charges incurred by Client and set forth in the monthly billing statement. Client acknowledges that no refunds will be given by Seedboxes.cc in the event that Client's account is terminated by Seedboxes.cc or Client mid-term with the exception of Seedboxes.cc's 7 day money back guarantee. In the event of a breach of security, Client will remain liable for any unauthorized use of the Services until Client notifies Seedboxes.cc by sending an e-mail with account information to [email protected]

2.4 Current rates for using the Services may be obtained on our web site at www.seedboxes.cc

3. RESPONSIBILITIES AND RIGHTS OF Seedboxes.cc

3.1 Means of Performance. Seedboxes.cc shall provide Client with the Seedboxes.cc hosting services, as described at www.seedboxes.cc

3.2 Support. Seedboxes.cc shall provide a reasonable level of technical support to Client via email or Web page for the term of this Agreement.

3.3 Other Work. Seedboxes.cc has the right to perform and license products to others during the term of this Agreement. Seedboxes.cc may elect to electronically monitor the host services and may disclose any content or records to satisfy any law, regulation, or other governmental request or to properly operate host services and protect its Clients. Seedboxes.cc reserves the right to block any site hosted by Seedboxes.cc that contains any content that Seedboxes.cc deems in its sole discretion to be unacceptable or undesirable.

4. RESPONSIBILITIES AND RIGHTS OF CLIENT

4.1 Client. Client represents and warrants that (i) Client is at least eighteen (18) years of age, (ii) Client possesses the legal right and ability to enter into this Agreement, and (iii) the performance of Client's obligations and use of the Services by Client, its customers and users, will not violate any applicable laws, regulations or the rules and regulations or cause a breach of any agreement with any third parties or unreasonably interfere with other Seedboxes.cc Clients' use of Services. Client assumes all risks related to processing of transactions related to electronic commerce. Client agrees to provide Seedboxes.cc with accurate, complete and updated information required by the registration of the Seedboxes.cc host service (Client Registration Data), including Client's legal name, address, telephone number(s), and applicable payment data (e.g., credit card number and expiration date). Client agrees to notify Seedboxes.cc within thirty (30) days of any changes in Client's Registration Data.

4.2 Breach of Warranties. In the event of the breach of any of the foregoing warranties, in addition to any other remedies available at law or in equity, Seedboxes.cc will have the right, in its sole discretion, to suspend or terminate immediately any Services.

4.3 Fees and Expenses. Client shall be responsible for payment of all costs, fees and expenses assessed by third parties in the course of being provided Services. Such costs include, but are not limited to, the fees required to register and maintain domain names, which is governed by a separate agreement between Client and a third-party domain name registrar.

4.4 Third-Party Software. Third-party software available through the Services may be governed by separate end user licenses. By using the Services and the third-party software, Client agrees to be bound by the terms of such end user licenses regarding the applicable third-party software. Client consents and authorizes Seedboxes.cc to delegate the authorizations Client provides to Seedboxes.cc to its third party service provider(s) as Seedboxes.cc deems necessary or desirable to provide the applicable Services. Client agrees that the terms and conditions of this Agreement, including any of the other terms, conditions, warranty disclaimers and liability disclaimers incorporated into this Agreement, inure to the benefit of such third party service providers and such third party service providers are deemed to be third party beneficiaries of the Agreement, including any other terms, conditions, warranty disclaimers and liability disclaimers incorporated into this Agreement. Client also agrees that all reference to "Seedboxes.cc" within this Agreement and any incorporated terms are also deemed to include, where applicable, Seedboxes.cc agents, such as the third party service providers.

4.5 Advertising, Solicitation, and Client Name Harvesting. Client may not use the Services to send unsolicited advertising, promotional materials, or other forms of solicitation to the Seedboxes.cc clients or other Internet users unless Client receives the express permission of such individuals. Client may not use the means of unsolicited advertising to advertise a site hosted on the Seedboxes.cc network. Client may not use the Services to collect or "harvest" user-names of Seedboxes.cc clients or other Internet users without the expressed prior permission of the member. Seedboxes.cc reserves the right to block or filter mass email solicitations sent from sites hosted on the Seedboxes.cc network.

4.6 Management of Site. Client shall be solely responsible for all content available on or through its site, and shall at all times be subject to the terms of this Agreement, Seedboxes.cc then-standard Terms of Service ("TOS") and any generally applicable guidelines and service standards published by Seedboxes.cc. Client warrants that its site hosted on the Seedboxes.cc network (i) will conform to the Seedboxes.cc TOS attached hereto as Exhibit A; (ii) will not infringe and will not contain any content that infringes on or violates any copyright, U.S. patent or any other third-party right; and (iii) will not contain any content which violates any applicable law, rule or regulation. Seedboxes.cc shall have no obligations with respect to the content available on or through any site hosted on the Seedboxes.cc network, including, but not limited to, any duty to review or monitor any such content. Seedboxes.cc reserves the right to block any site that violates any of the above-stated terms, or which in Seedboxes.cc sole discretion, Seedboxes.cc deems objectionable or offensive, or otherwise violates a law or Seedboxes.cc policy, or, in the alternative, to terminate this Agreement in accordance with Section 7.3 herein.

4.7 Compliance Laws. Client agrees that it will use the Services only for lawful purposes and in accordance with this Agreement. Client will comply at all times with all applicable laws and regulations and the TOS, as updated by Seedboxes.cc from time to time. The TOS are incorporated herein and made a part hereof by this reference. Seedboxes.cc may change the TOS, with notice, which notice may be provided by posting such new TOS at the Seedboxes.cc Site. Client may request a current copy of the TOS by sending or faxing a request to Seedboxes.cc. Client agrees that it has received, read and understands the current version of the TOS.

4.8 Proprietary Rights. Unless otherwise specified, all work performed hereunder by Seedboxes.cc, is the property of Seedboxes.cc, and all title and interest therein shall vest in Seedboxes.cc. To the extent that title to any such works may not, by operation of law, vest in Seedboxes.cc all rights, title and interest therein are hereby irrevocably assigned to Seedboxes.cc. All such materials shall belong exclusively to Seedboxes.cc, and Seedboxes.cc shall have the right to obtain and to hold in its own name, copyrights, trademarks, registrations, or such other protection as may be appropriate to the subject matter; and any extensions and renewals thereof. Client agrees to give Seedboxes.cc and any person designated by Seedboxes.cc such reasonable assistance, at Seedboxes.cc expense, as is required to perfect the rights defined in this paragraph.

4.9 Marketing Rights. Client agrees that Seedboxes.cc may refer to Client, or Client's business in Seedboxes.cc marketing materials, the Seedboxes.cc website, and communication to Seedboxes.cc current and prospective clients. Client grants Seedboxes.cc a limited license and permission to use any Client trade name and/or trademark for such, and only for such, purposes.

5. LIMITATION OF LIABILITY, NO OTHER WARRANTY AND DISCLAIMER

5.1 Limitation. In the event that any limited guarantees are provided by Seedboxes.cc, such limited guarantees are null and void if Client fails to follow Seedboxes.cc's TOS and other policies or otherwise breaches this Agreement in any respect.

5.2 No Other Warranty. Seedboxes.cc does not monitor or exercise control over the content of the information transmitted through its facilities. Use of the Services or any information that may be obtained there from is at Client's own risk. The Services are provided on an "as is" basis, and Client's use of the Services is at its own risk. Except as provided in the order form(s), Seedboxes.cc does not make, and hereby disclaims, any and all other express and/or implied warranties, including, but not limited to, warranties of merchantability, fitness for a particular purpose, non-infringement and title, and any warranties arising from a course of dealing, usage, or trade practice. Seedboxes.cc does not represent or warrant that the Services will be uninterrupted, error-free, or completely secure.

5.3 Disclaimer of Actions Caused by and/or Under the Control of Third Parties. Seedboxes.cc does not and cannot control the flow of information to or from Seedboxes.cc's network and other portions of the Internet. Such flow depends in large part on the performance of the Internet services provided or controlled by third parties. At times, actions or inactions of such third parties may impair or disrupt Client's connections to the Internet (or portions thereof). Seedboxes.cc cannot guarantee that such events will not occur. Accordingly, Seedboxes.cc disclaims any and all liability resulting from or related to such events.

6. INDEMNIFICATION

Client agrees to indemnify, defend and hold Seedboxes.cc and its affiliates, agents, employees, and licensors (including the third party service providers) harmless from any and all claim, demand, loss, costs or expense, including attorneys' fees, made by any person arising out of Client's violation of this Agreement, State or Federal Securities laws or regulations, or any other person's rights including but not limited to infringement of any copyright or violation of any proprietary or privacy right.

Under no circumstances, including but not limited to a negligent act, will Seedboxes.cc or its affiliates, agents, employees, or licensors (including third party service providers) be liable for any damages of any kind that result from the use of, or the inability to use, Services, even if any such party has been advised of the possibility of such damages.

In no event will Seedboxes.cc or its third party service providers be liable to Client or any third Party for any tort, contract or any other liability arising in connection with the use of the Services, or reliance on any information or services provided by Seedboxes.cc. Seedboxes.cc and its third party service providers will under no circumstances be liable to Client and/or any third party, regardless of the form of action, for any loss of profits, goodwill, use, data or other intangible losses, or any direct, indirect, special, consequential, incidental or punitive damages whatsoever, even if Seedboxes.cc or its third party service providers has been advised of the possibility of such damages, resulting from: (i) the use of the inability to use the Services; (ii) the timeliness, deletion, misdelivery, or failure to store any user date, communications or personalization settings; (iii) the cost of getting substitute goods and services resulting from any products, data, information or services purchases or obtained or messages received or transactions entered into, through or from the Services; (iv) statements or conduct of anyone on the Services; (vi) the use, inability to use, unauthorized use, performance or non-performance of any third party, even if the third party has been advised previously of the possibility of such damages; or (vii) any other matter relating to the Services. Client agrees that Client will not in any way hold Seedboxes.cc responsible for any selection or retention of, or the acts or omissions of, third parties (including third party service providers) in connection with the Client Services.

Because some states prohibit the limitation of liability for consequential or incidental damages, in such states the limitation of liability only with respect to consequential or incidental damages may not apply to Client, and the respective liability of Seedboxes.cc and its third party service providers, employees, distributors and agents is limited to the greatest extent allowable under applicable law in those states.

In the event that a court or arbitration panel, as the case may be, should hold that the limitations of liability or remedies available as set forth in this Agreement, or any portions thereof, are unenforceable for any reason, or that any of Client's remedies under this Agreement fail, then Client expressly agrees that under no circumstances will the total, aggregate liability of Seedboxes.cc and its third party service providers, employees, distributors, agents or affiliates, to Client or any party claiming by or through Client for any cause whatsoever exceed $100 (U.S.), regardless of the form of action and whether in contract, statute, tort or otherwise.

7. TERMINATION

7.1 Without Cause. This Agreement may be terminated by either party at any time during any Renewal Term for any or no reason upon either party giving to the other no less than five (5) days' prior written notice of termination. No matter which party terminates the Agreement pursuant to this Section 7.1, any and all payment obligations of Client under this Agreement for Service(s) provided through the date of termination will immediately become due, and Client shall be required to prepay for any portion of the Services that have not been paid for and are to be rendered during such five (5) day period.

7.2 For Cause. In addition to any other rights it may have under this Agreement or applicable law, Seedboxes.cc may immediately terminate this Agreement or suspend service, effective without notice, in the event of (i) a default in payment, or (ii) Client's breach or failure to comply with the TOS or other policies of Seedboxes.cc. Client may terminate this Agreement if Seedboxes.cc breaches any material term or written notice of same. If this Agreement is terminated by Seedboxes.cc under this Section 7.2, all balance of the then current term shall immediately become due and payable. In addition to the foregoing, Seedboxes.cc reserves the right to prohibit any conduct or to remove any materials or content in violation of the TOS or which Seedboxes.cc believes in its sole discretion to be illegal or potentially harmful to others or may expose Seedboxes.cc to harm or liability.

7.3 No Liability for Termination. Neither party will be liable to the other for any termination or expiration of any Services of this Agreement in accordance with its terms.

7.4 Survival. The following provisions will survive any expiration or termination of the Agreement: Section 4, 5, 6, 7, and 8.

7.5 IP Address. Upon expiration, cancellation or termination of this Agreement, Client shall relinquish any Internet protocol ("IP") numbers, address or address blocks assigned to Client by Seedboxes.cc or its network services supplier (but not the URL or top level domain connected therewith). Seedboxes.cc reserves, in its sole discretion, the right to change or remove any and all such IP numbers, addresses or address blocks.

8. GENERAL

8.1 Assignment. Client may not assign this Agreement or any of Client's rights or obligations hereunder without the prior written consent of Seedboxes.cc, and any such attempted assignment shall be void. This Agreement shall be binding upon the parties' respective successors and permitted assigns.

8.2 Notices. Any notices or communication under this Agreement shall be in writing and shall be deemed delivered to the party receiving such communication at the address specified below (1) on the delivery date if delivered personally to the party, or a representative of the party; (2) one business day after deposit with a commercial overnight carrier, with written verification of receipt; (3) five business days after the mailing date, whether or not received; (4) on the delivery date if transmitted by confirmed facsimile.

If to Seedboxes.cc:

Seedboxes.cc reserves the right to change fees, surcharges, monthly membership fees or to institute new fees at any time. In addition, Seedboxes.cc may institute special trial offers, from time to time, that shall be reflected in the confirmation letter sent to Client upon sign up. If Seedboxes.cc does not receive the full amount of Client's Service account balance within three (3) days of invoice date, a late charge equal to 1.5% per month or highest amount allowed by law per month will be added to Client's bill and shall be due and payable. Client shall also be responsible for all attorney and collection fees arising from Seedboxes.cc's efforts to collect any unpaid balance of Client's account(s), and Seedboxes.cc may terminate Client's account immediately without further notice to Client. Seedboxes.cc has the right to control and direct the means, manner, and method by which the host services are performed.

If to Client:

To Client address provided at account set-up.

8.3 Governing Law. This Agreement, and all future agreements Client may enter into with Seedboxes.cc, unless otherwise indicated on such other agreement, will be governed by the laws of Cyprus.

8.4 Modifications. No modifications, amendment, supplement to or waiver of this Agreement or any exhibit hereunder, or any of their provisions shall be binding upon the parties hereto unless made in writing and duly signed by both parties.

8.5 Waiver. A failure of either party to exercise any right provided for herein shall not be deemed to be a waiver of any right hereunder.

8.6 Severability. In the event any one or more of the provisions of the Agreement or any exhibit is invalid or otherwise unenforceable, the enforceability of remaining provisions shall be unimpaired.

8.7 Force Majeure. Seedboxes.cc and its affiliates, agents, employees, or licensors (including third party service providers) shall not be liable for failure to perform any obligation under this Agreement if such failure is caused by the occurrence of any contingency beyond the reasonable control of such party, including without limitation, fire, flood, strike, and other industrial disturbance, failure to transport, accident, ware, riot, insurrection, act of God or order of governmental agency. Performance shall be resumed as soon as possible after cessation of such cause. However, if such inability to perform continues for fifteen (15) days, the other party may terminate this Agreement without penalty and without further notice.

8.8 Independent Contractors. The parties to this Agreement are independent contractors. Neither party is an agent, representative, or partner of the other party. Neither party shall have any right, power or authority to enter into any agreement for or on behalf of, or incur any obligation or liability of, or to otherwise bind, the other party. This Agreement shall not be interpreted or construed to create an association, agency, joint venture or partnership between the parties or to impose any liability attributable to such a relationship upon either party.

8.9 Terms of Services. Client agrees to be bound by Seedboxes.cc's TOS for all Services and products used by Client. The current TOS can be found on Seedboxes.cc's website at www.seedboxes.cc

8.10 Implied Agreement. CONTINUED USE OF THE SERVICES AND/OR PRODUCTS CONSTITUTES IMPLIED AGREEMENT WITH THIS AGREEMENT AND Seedboxes.cc's TOS IN THEIR ENTIRETY. BY USING THE SERVICES, CLIENT AGREES TO BE BOUND BY ALL TERMS ASSOCIATED WITH SAID SERVICES, INCLUDING THIS AGREMEENT AND THE TOS.

CLIENT'S ONLY RECOURSE IN THE EVENT OF A DISAGREEMENT IS TO TERMINATE THIS CONTRACT IMMEDIATELY IN ACCORDANCE WITH SECTION 7 HEREIN.

8.11 Entire Agreement. This Agreement, and the exhibits reference herein, sets forth the entire agreement, and supersedes any and all prior agreements of the parties with respect to the transactions set forth herein. Neither party shall be bound by, and each party specifically objects to, any term, conditions or other provisions which are different from or in which is proffered by the other party in any correspondence or other document, unless the party to be bound thereby specifically agrees to such provision in writing.

8.12 No Party Deemed Drafter. In the event that any provision hereof is construed by a court of law or equity or an arbitrator, no provision herein shall be construed more harshly against either party as drafter.

Republic of Cyprus, without regard to conflicts of law principles thereof. This is the case regardless of whether you reside or transact business with Seedboxes.cc in Cyprus or elsewhere. Unless a dispute would be governed by an applicable arbitration clause, Client agrees to submit to the personal and exclusive jurisdiction of the courts located within the City of Nicosia, Cyprus. If any part of the Agreement is unlawful, void or unenforceable, that part will be deemed severable and will not affect the validity and enforceability of any remaining provisions. Seedboxes.cc. Should Client disagree with any updates to Seedboxes.cc's TOS, it is Client's responsibility to notify Seedboxes.cc of Client's desire to terminate their Services immediately.