Subscription License Agreement

SUBSCRIPTION SOFTWARE AND SERVICE LICENSE AGREEMENT

This End User License Agreement (this "Agreement") is between the legal entity or entities that accept(s) this Agreement by physical or electronic signature, or by a click-through acceptance ("Licensee" or "Customer"), and Paul Trotman of TROTMAN'S ACCOUNTING SERVICES. This Agreement is effective as of the earlier of the date set forth on the signature page hereto or the date on which this Agreement is accepted through an accompanying Order Form, as applicable (such date, the "Effective Date").
This Agreement applies to all Software licensed from or any Service provided by TROTMAN'S ACCOUNTING SERVICES, including any pre-release or beta versions of the Software, any Support Services or Professional Services performed by TROTMAN'S ACCOUNTING SERVICES, any demonstration or trial versions of the Software, and the Documentation. If Licensee is bound to more than one agreement with TROTMAN'S ACCOUNTING SERVICES with respect to the Software or the Service(s), and if those agreements terms vary, then the order of precedence of those agreements is as follows: an agreement executed by TROTMAN'S ACCOUNTING SERVICES and Licensee that expressly supersedes all other agreements, an electronic version of an agreement accepted pursuant to an Order Form or formal written quote, and any other electronic agreement provided with the Software.

1. Definitions. The terms in this section shall have the meanings described below, and other terms may be defined within the context of this Agreement.

1.1. "Confidential Information" means information that is designated in writing as "confidential" at the time of disclosure, or which constitutes the trade secrets of a party under the governing law of this Agreement. Confidential Information also includes the Object Code of the Software and any other proprietary information owned by TROTMAN'S ACCOUNTING SERVICES and which is provided or disclosed to Licensee at any time. Notwithstanding the foregoing, Confidential Information does not include information that the receiving party can demonstrate: (a) is in the public domain or is generally publicly known through no improper action by the receiving party; (b) was rightfully in the receiving party's possession or known by it, prior to receipt from the disclosing party; (c) is rightfully disclosed without restriction to the receiving party by a third party without violation of any confidentiality covenant by such third party; or (d) is independently developed by the receiving party without use of the Confidential Information of the disclosing party.

1.2. "Customer Data" means all of Licensee's and its User's data, information, and materials that are uploaded by or on behalf of Licensee or that are accessed by TROTMAN'S ACCOUNTING SERVICES in connection with Licensee's or its User's use of the Software.

1.3. "Documentation" means any documentation distributed by TROTMAN'S ACCOUNTING SERVICES or its authorized resellers pertaining to the Software, including without limitation any accompanying or online user guides, technical information relating to the Software, user documentation, and technical data sheets in effect on the Effective Date, in each case, as may be updated or amended by or on behalf of TROTMAN'S ACCOUNTING SERVICES from time to time. Documentation also includes any applicable Order Form.

1.4. "Fees" means the subscription and other fees set forth in this Agreement or any Order Form for the purchase of Software licenses or Services.

1.5. "Licensee's Customers" has the meaning set forth in Section 2.

1.6. "Object Code" means computer programming code in the form not readily perceivable by humans and suitable for machine execution without the intervening steps of interpretation or compilation.

1.7. "Order Form" means any TROTMAN'S ACCOUNTING SERVICES form detailing an order which is incorporated into and becomes a part of this Agreement. Depending on the Software ordered, the Order Form may be completed online or may take the form of a written order form, invoice, quote, or billing statement. In the event of any discrepancy between this Agreement and an Order Form, this Agreement shall govern.

1.8. "Professional Services" means implementation and other services requested by Licensee with respect to the Software or the Service.

1.9. "Service" means the use of the Software as offered by TROTMAN'S ACCOUNTING SERVICES on a hosted basis.

1.10. "Software" means the Object Code form of the TROTMAN'S ACCOUNTING SERVICES software licensed under this Agreement, including any updates, upgrades, or other modifications thereof delivered or made accessible to Licensee as part of the Services or otherwise pursuant to this Agreement.

1.11. "Term" has the meaning set forth in Section 10.1.

1.12. "Third Party Materials" means software, interfaces, and firmware, licensed by TROTMAN'S ACCOUNTING SERVICES from third parties and which are incorporated into and/or distributed as part of the Software.

1.13. "User" means an individual who is authorized by Licensee to use the Software within its organization or, if applicable, within a multi-tenant or managed services environment, and to whom Licensee has supplied a user identification and password. Users may include, for example, Licensee's employees, consultants, and contractors.

2.Grant of Limited License (the "License"). Subject to the terms of this Agreement, including any restrictions set forth
in the applicable Order Form and the payment of Fees in accordance with the applicable Order From, TROTMAN'S ACCOUNTING SERVICES grants Licensee during the Term, a non-sublicensable, nonexclusive, revocable, nontransferable right to use the Software in Object Code as provided by TROTMAN'S ACCOUNTING SERVICES or the Service as made available by TROTMAN'S ACCOUNTING SERVICES, for the number of authorized Users (or "Seats") as specified on the applicable Order Form. Such use shall be limited to authorized Users, shall not exceed the number of purchased Seats, and shall be used for Licensee's internal business purposes only. If the Software is authorized to be used in a multi-tenant environment or as part of a managed services solution (a "Managed Service"), then Licensee hereby agrees that the Software will be used solely in furtherance of Licensee's provision of the Managed Service and not for any other purpose by any unauthorized third party and, if required by TROTMAN'S ACCOUNTING SERVICES from time to time in TROTMAN'S ACCOUNTING SERVICES' sole discretion, each User shall accept the terms of an end user license agreement for the Software.
Except for one copy made solely for back-up purposes with respect to on-premises Licenses, Licensee may deploy or possess only the number of copies of the Software as expressly specified on the Order Form, and only in accordance with the applicable Documentation; otherwise, Licensee shall not copy or distribute the Software, the Documentation or any other written materials accompanying the Software. Licensee will be responsible for ensuring that all use of the Software by its Users, MSPs and customers is permitted by this Agreement. The Software licensed or the Service provided hereunder is licensed or provided, as applicable, solely for use in connection with Licensee's internal business requirements, or the provision of any permitted MSP services provided by Licensee to its customers (the "Licensee's Customers") and may not be used for any other purpose, and all such uses shall be subject to all the terms and conditions of this Agreement applicable to Licensee.

3.Restrictions. Licensee will not remove, alter, or obscure proprietary notices that appear on or in the Software and Documentation, and will reproduce them on or in any copies. Licensee will not (and will not allow any User or other third party, including Licensee's Customers, to)
(i) decompile, disassemble, reverse compile, or reverse engineer or attempt to discover any source code or underlying ideas or algorithms of any Software (except to the extent that applicable law prohibits such restrictions).
(ii) modify, or create derivative works based on the Software.
(iii) provide, sell, give, rent, lease, lend, loan, distribute, transfer, use for timesharing or service bureau purposes or otherwise use or allow others to use the Software for the benefit of any third party (except to the extent that the Software forms part of the services being provided by Licensee to Licensee's Customers).
(iv) use any Software or allow the transfer or transmission of any Software or portion thereof, in violation of any St Kitts and Nevis or any other applicable laws or regulations.
(v) develop keys or license codes other than license keys provided by TROTMAN'S ACCOUNTING SERVICES for the Software or attempt to defeat or circumvent any such keys or any other access restrictions included in the Software or determine how any such keys are developed.
(vi) use or copy the Software except as expressly permitted in Section 2. All the limitations and restrictions on Software in this Agreement also apply to Documentation.

4.Usage Limits. Licensee's usage of the Software is subject to usage limits, including, for example, the quantities specified in an Order Form. Unless otherwise specified, (a) a quantity in an Order Form may refer to sets, users, devices, storage or other metrics as applicable to the Software or Service, and such usage of the Software or Service may not exceed the applicable usage metric, (b) a User's password may not be shared with any other User or person, or used simultaneously with multiple instances of the Software, and (c) a User identification may be reassigned to a new individual replacing one who no longer requires use of the Software or Service. If Licensee exceeds a contractual usage limit ("Excessive Use"), TROTMAN'S ACCOUNTING SERVICES shall give notice to Licensee of any Excessive Use by Licensee ("Excessive Use Notice"). If Licensee fails to cure any Excessive Use within five (5) days of the date of receipt of an Excessive Use Notice, Licensee shall promptly execute an Order Form and pay for additional quantities of the applicable Software promptly upon TROTMAN'S ACCOUNTING SERVICES' request, and/or pay any invoice for excess usage in accordance with the payment terms and pricing set forth in this Agreement and any Order Form. Notwithstanding the foregoing, in any event TROTMAN'S ACCOUNTING SERVICES reserves the right to suspend the Services for any Excessive Use by Licensee.

5.Responsibilities. Licensee will (a) be responsible for its Users' compliance with this Agreement, (b) be responsible for the accuracy, quality and legality of Customer Data and the means by which Licensee acquires and uses any Customer Data, (c) use commercially reasonable efforts to prevent unauthorized access to or use of the Software, Services and Customer Data, and notify TROTMAN'S ACCOUNTING SERVICES promptly of any such unauthorized access or use, (d) use the Software only in accordance with its Documentation and applicable laws and government regulations, and (e) comply with terms of service of TROTMAN'S ACCOUNTING SERVICES as published from time to time on TROTMAN'S ACCOUNTING SERVICES' website(s), which are hereby incorporated into this Agreement by reference.

6.Third Party Materials. Some Third-Party Materials may be subject to other terms and conditions, which may be found in a "Read Me" or "About" or similar file in the Software or Software documentation. If Licensee does not agree to such terms, Licensee agrees not to use the Software or any Third-Party Materials.

7.Support and Maintenance. While the license for Software remains effective and the applicable fees have been paid in accordance with this Agreement, TROTMAN'S ACCOUNTING SERVICES will use commercially reasonable efforts to provide the Licensee with the support and maintenance services for the Software or the Service as described in TROTMAN'S ACCOUNTING SERVICES' then-current support and maintenance program, a copy of which is located on TROTMAN'S ACCOUNTING SERVICES' web site ("Support Services"). TROTMAN'S ACCOUNTING SERVICES may elect to change the fees for and the terms of its Support Services or terminate Support Services for the Software or the Service.

8.Proprietary Rights. The Software is licensed, not sold, to Licensee. Similarly, the Services are provided on a subscription basis only, and are not sold to Licensee. TROTMAN'S ACCOUNTING SERVICES, suppliers and licensors own and retain all right, title, and interest in and to: (a) the Software, Service, and Documentation (including all copies, components thereof and all upgrades, modifications, enhancements, and derivative works thereof); and (b) all copyrights, patent rights, trade secret rights, trademark and other intellectual property and other proprietary rights embodied in or relating to the Software, Service or Documentation. Licensee acknowledges and agrees that it shall have no rights with respect to any of the foregoing other than the limited rights expressly set forth in this Agreement. TROTMAN'S ACCOUNTING SERVICES expressly reserves all rights in the Software, Service and Documentation not specifically granted to Licensee. It is acknowledged that all right, title, and interest in and to the Software, Service and Documentation will remain vested exclusively with TROTMAN'S ACCOUNTING SERVICES.

9.Fees and Payment.

9.1. Payment Terms. Licensee shall pay to TROTMAN'S ACCOUNTING SERVICES the Fees due for the Software in accordance with terms of this Agreement and any applicable Order Form. Except as otherwise specified herein or in an Order Form, (a) fees are based on Software licensed and Services purchased and not actual usage, (b) all payment obligations under this Agreement are non-cancelable and non-refundable, and (c) quantities purchased cannot be decreased during the relevant subscription term. All amounts payable by Licensee are exclusive of any taxes, fees, or other charges, however designated, now, or hereafter levied. Licensee will be responsible for all taxes (other than TROTMAN'S ACCOUNTING SERVICES income taxes), fees or other such charges under this Agreement. Licensee agrees to be responsible for payment for all activity by third parties who access or use the Software through Licensee's account regardless of whether such activity was authorized by Licensee or not. Licensee is responsible for all incidental charges related to using the Software such as charges for Internet access, third party software licenses, text messaging, or other data transmission.

9.2. Payment method; Credit Card Authorization. Until all amounts due have been paid in full, Licensee agrees to always keep its payment information current and authorizes TROTMAN'S ACCOUNTING SERVICES to charge such payment method (including but not limited to credit card, debit card, wire transfer and/or automated clearing house) provided by Licensee, all amounts due under this Agreement, including without limitation, usage beyond the amount specified in the applicable Order Form. All prices are given and must be paid in the currency listed on the applicable Order Form.

9.3. Invoicing. TROTMAN'S ACCOUNTING SERVICES may invoice Licensee electronically or by paper invoice. Licensee must notify TROTMAN'S ACCOUNTING SERVICES within ninety (90) days of the receipt of the invoice of any billing errors thereon. If Licensee does not notify TROTMAN'S ACCOUNTING SERVICES within this time, TROTMAN'S ACCOUNTING SERVICES will not be required to correct the error and/or adjust Licensee's account and Licensee hereby waives any claim, allegation, or contention with respect to such invoice.

10.Term; Termination; Suspension.

10.1. Term. Licensee is bound for the entire Term of this Agreement. "Term" is defined as the period beginning on the Effective Date and ending on the date set forth in the Order Form. Except as otherwise specified in an Order Form, at the end of any Term, subscriptions will automatically renew for additional Terms equal to the length of the expiring Term unless either party gives the other party notice of non-renewal at least 30 days before the end of the relevant Term. Except as otherwise specified in an Order Form, pricing during any automatic renewal Term will be the same as that during the immediately preceding Term plus an increase not to exceed five percent (5%).

10.2. Termination; Suspension. This Agreement and all rights and licenses granted hereunder will automatically terminate upon the earlier of (a) the date that is thirty (30) days following a party's receipt of written notice of any material breach delivered by either party to the other party provided that any such breach remains uncured at the end of such notice period or immediately in the case of any breach of Sections 2 or 3 by Licensee and (b) the end of a Term that is not renewed. Furthermore, and without derogating from any rights or remedies of TROTMAN'S ACCOUNTING SERVICES, TROTMAN'S ACCOUNTING SERVICES shall be entitled to suspend any Service and the use of the Software by Licensee should Licensee breach any term of this Agreement, including without limitation failing to pay any amounts due in a timely manner, or if continued provision of Services poses a risk to TROTMAN'S ACCOUNTING SERVICES in its sole discretion. Upon termination of this Agreement, or if the license ceases to be effective, Licensee shall immediately cease all use of all Software and Documentation and return or (upon TROTMAN'S ACCOUNTING SERVICES' request) destroy all copies of all Software and Documentation and all portions thereof and so certify in writing to TROTMAN'S ACCOUNTING SERVICES and immediately pay all amounts due to TROTMAN'S ACCOUNTING SERVICES hereunder. Except as otherwise expressly provided herein, the terms of Sections 2, 9, 11, 13 and 14 shall survive any termination or non-renewal of this Agreement. Termination is not an exclusive remedy and all other remedies available under applicable law or in equity will be available to TROTMAN'S ACCOUNTING SERVICES whether termination occurs.

11.Indemnification.

11.1. TROTMAN'S ACCOUNTING SERVICES Indemnification.
TROTMAN'S ACCOUNTING SERVICES shall defend Licensee against any third-party claims that the Software infringes any St. Kitts and Nevis patent or St. Kitts and Nevis copyright or misappropriates any trade secret (to the extent it qualifies as a trade secret under St. Kitts and Nevis law), and pay any costs and damages finally awarded by a court of competent jurisdiction or agreed upon in settlement with respect to such claims, provided TROTMAN'S ACCOUNTING SERVICES is promptly notified of any and all threats, claims and proceedings related thereto and given reasonable assistance and sole control over defense and settlement. TROTMAN'S ACCOUNTING SERVICES will not be responsible for any settlement it does not approve in writing. The foregoing obligations do not apply with respect to Software or portions or components thereof (a) not supplied by TROTMAN'S ACCOUNTING SERVICES, (b) made in whole or in part in accordance to Licensee's specifications, (c) that are modified after delivery by TROTMAN'S ACCOUNTING SERVICES, (d) combined with other products, processes or materials where the alleged infringement relates to such combination, (e) where Licensee continues allegedly infringing activity after being notified thereof or after being informed of modifications that would have avoided the alleged infringement, or (f) where Licensee's use of the Software is not strictly in accordance with this Agreement or with the Documentation.

11.2. Licensee Indemnification. Licensee agrees to defend, indemnify, and hold harmless each of TROTMAN'S ACCOUNTING SERVICES, its affiliates and respective officers, employees, consultants, shareholders and representative from and against any and all claims, liabilities, damages, and/or costs (including attorneys' and expert witness fees, costs and other expenses) arising out of or related to: (a) any actual or alleged violation of this Agreement or applicable law, rule or regulation by Licensee or any person accessing or using the Software or services by or through Licensee; (b) any actual or alleged infringement or misappropriation by Licensee, or any person accessing or using the Software by or through Licensee, of any intellectual property or privacy or other right of any person or entity (except claims of infringement or misappropriation arising solely from use of the Software as provided under this Agreement); (c) any claims by any of Licensee Customers (except claims of infringement or misappropriation arising solely from use of the Software as provided under this Agreement), or arising out of or relating to Licensee's relationship with any of Licensee Customers; or (d) Customer Data.

12.Limited Warranty and Disclaimer. TROTMAN'S ACCOUNTING SERVICES warrants to Licensee for a period of thirty (30) days from Licensee's first use of the Software (the "Warranty Period") that the Software will operate substantially pursuant to the Documentation for the Software. This warranty covers only problems reported to TROTMAN'S ACCOUNTING SERVICES in writing during the Warranty Period, and which are capable of being observed or reproduced by TROTMAN'S ACCOUNTING SERVICES. SOFTWARE OR ANY PART THEREOF WHICH HAS BEEN SUBJECT TO ABUSE, MISUSE, ACCIDENT, ALTERATION, MODIFICATION, NEGLECT, OR UNAUTHORIZED REPAIR OR INSTALLATION IS NOT COVERED BY THIS WARRANTY. ANY LIABILITY OF TROTMAN'S ACCOUNTING SERVICES UNDER THIS WARRANTY WILL BE LIMITED EXCLUSIVELY TO REPAIR OR REPLACEMENT OF THE SOFTWARE OR, IF REPAIR OR REPLACEMENT IS INADEQUATE AS A REMEDY OR, AT TROTMAN'S ACCOUNTING SERVICES' DETERMINATION, IMPRACTICAL, TO REFUND OF THE LICENSE FEE PAID FOR SUCH SOFTWARE. EXCEPT FOR THE FOREGOING, ALL SOFTWARE IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, OR NONINFRINGEMENT. FURTHER, TROTMAN'S ACCOUNTING SERVICES DOES NOT WARRANT RESULTS OF USE, THAT THE SOFTWARE IS BUG FREE OR THAT THE SOFTWARE WILL PROVIDE ANY PROTECTION AGAINST VIRUSES OR ANY NETWORK INTRUSION OR SECURITY BREACH, OR THAT THE USE OF SOFTWARE WILL BE UNINTERRUPTED OR ERROR FREE. THE SOFTWARE AND/OR SERVICE ARE NOT FAULT TOLERANT AND ARE NOT DESIGNED, MANUFACTURED, OR INTENDED FOR USE IN LIFE-DEPENDENT OR HAZARDOUS ENVIRONMENTS REQUIRING FAIL-SAFE PERFORMANCE, SUCH AS IN THE OPERATION OF NUCLEAR FACILITIES, AIRCRAFT NAVIGATION OR COMMUNICATIONS SYSTEMS, AIR TRAFFIC CONTROL, DIRECT LIFE SUPPORT MACHINES, OR WEAPONS SYSTEMS, IN WHICH THE FAILURE OF THE SOFTWARE OR SERVICE COULD LEAD TO DEATH, PERSONAL INJURY OR PHYSICAL OR ENVIRONMENTAL DAMAGE. TO THE EXTENT LICENSEE USES THE SOFTWARE OR SERVICE IN SUCH ENVIRONMENT, IT EXPRESSLY ASSUMES ALL RISK THEREFOR.

13.Limitation of Liability. NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT OR OTHERWISE, AND EXCEPT FOR BODILY INJURY CAUSED BY GROSS NEGLIGENCE OR WILLFUL MISCONDUCT BY TROTMAN'S ACCOUNTING SERVICES' EMPLOYEES, AND TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, TROTMAN'S ACCOUNTING SERVICES AND ITS SUPPLIERS AND LICENSORS SHALL NOT BE LIABLE OR OBLIGATED WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT (INCLUDING WITHOUT LIMITATION INDEMNIFICATION OBLIGATIONS) OR UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL OR EQUITABLE THEORY (I) FOR ANY AMOUNTS IN EXCESS IN THE AGGREGATE OF THE FEES PAID TO IT BY LICENSEE FOR THE SOFTWARE LICENSED HEREUNDER DURING THE SIX MONTH PERIOD PRIOR TO THE CAUSE OF ACTION, (II) FOR ANY COST OF PROCUREMENT OF SUBSTITUTE GOODS, TECHNOLOGY, SERVICES OR RIGHTS, OR (III) FOR ANY INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS, LOSS OF USE OR DATA, DAMAGE TO SYSTEMS OR EQUIPMENT, BUSINESS INTERRUPTION OR COST OF COVER) IN CONNECTION WITH OR ARISING OUT OF THE DELIVERY, PERFORMANCE OR USE OF THE SOFTWARE, DOCUMENTATION, ANY OTHER MATERIALS PROVIDED BY TROTMAN'S ACCOUNTING SERVICES OR OTHER SERVICES PERFORMED BY TROTMAN'S ACCOUNTING SERVICES, WHETHER ALLEGED AS A BREACH OF CONTRACT OR TORTIOUS CONDUCT, INCLUDING NEGLIGENCE AND STRICT LIABILITY, EVEN IF TROTMAN'S ACCOUNTING SERVICES HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES). YOU ACKNOWLEDGE AND AGREE THAT TROTMAN'S ACCOUNTING SERVICES WOULD NOT ENTER INTO THIS AGREEMENT UNLESS IT COULD RELY ON THE LIMITATIONS DESCRIBED IN THIS PARAGRAPH.

14. Miscellaneous.

14.1. Licensee Representations. Licensee represents and warrants that: (a) the individual accepting this Agreement has all necessary corporate or other authority to bind the entity that it purports to make party hereto, (b) Licensee has all necessary corporate or other authority or licenses to perform its obligations hereunder.

14.2. Confidentiality. Each party agrees to hold the other party's Confidential Information in confidence and not to use it for any purpose other than the purposes permitted under this Agreement. Each party agrees to use the same standard of care to protect Confidential Information as it uses to protect its own similar confidential and proprietary information, but not less than a reasonable standard of care. The terms of this Agreement constitute Confidential Information. Confidential Information of the other party may only be disclosed to those Affiliates, employees, contractors and advisors of Company or of TROTMAN'S ACCOUNTING SERVICES, as applicable, on a need-to-know basis and who agree to be bound by confidentiality restrictions at least as restrictive as those contained in this Agreement; provided, that nothing shall prevent or prohibit a party from using or disclosing Confidential Information as may be required by law, rule, regulation or legal process. Confidential Information always remains the property of the disclosing party. Unless otherwise explicitly set forth herein, no licenses or rights under any patent, copyright, trademark, or trade secret are granted or are to be implied with respect to Confidential Information. TROTMAN'S ACCOUNTING SERVICES may identify Licensee as a customer when referring to lists of customers. Furthermore, TROTMAN'S ACCOUNTING SERVICES may automatically extract and use Licensee's data and information internally for the limited use of its research and analysis as may be necessary to enhance and improve the software and services it provides to its customers, provided always that any such retained data or information of Licensee shall be for internal use only and shall be used in a de-identified manner only.

14.3. Monitoring; Auditing. Licensee understands that the Software is programmed to track the number of deployed copies of the Software, authorized devices, users and other usage related data, and Licensee consents to such operations and shall not engage in any activity designed to circumvent or obstruct, or which has the effect of circumventing or obstructing, the Software's tracking capabilities. Licensee grants to TROTMAN'S ACCOUNTING SERVICES the right to monitor usage by all its users and to audit its books, records, and accounts, at TROTMAN'S ACCOUNTING SERVICES' expense, during Licensee's normal business hours to verify compliance with this Agreement, and Licensee agrees to make available to TROTMAN'S ACCOUNTING SERVICES or its representatives any records pertaining to this Agreement. If any audit reveals that any additional amounts are owed more than five percent (5%) of the total Fees paid during the audited period, then such owed amounts will be paid immediately, and the cost of such audit shall be reimbursed by Licensee. Furthermore, if Licensee uses any Software other than as licensed under this Agreement (or under another agreement executed by the parties), in addition to any other remedies available to TROTMAN'S ACCOUNTING SERVICES, Licensee agrees to pay TROTMAN'S ACCOUNTING SERVICES the then current subscription Fees and any related Service fees for such unauthorized use.

14.4. Assignment. Neither this Agreement nor the rights and licenses granted hereunder are assignable or transferable by Licensee without the prior written consent of TROTMAN'S ACCOUNTING SERVICES; any attempt to do so shall be null and void ab initio. TROTMAN'S ACCOUNTING SERVICES may assign this Agreement in whole or in part.

14.5. Notices and Electronic Communications. TROTMAN'S ACCOUNTING SERVICES may give notice by means of a general notice on the Software, electronic mail to Licensee's e-mail address on record in TROTMAN'S ACCOUNTING SERVICES' account information, or by written communication sent by first class mail or pre-paid post to Licensee's address on record in TROTMAN'S ACCOUNTING SERVICES' account information. Such notice shall be deemed to have been given 48 hours after delivery by first class mail or pre-paid post or 12 hours after sending by email. Licensee shall give notice to TROTMAN'S ACCOUNTING SERVICES (such notice shall be deemed given when received by TROTMAN'S ACCOUNTING SERVICES) by confirmed mail delivery to its office at PO Box 1587, Bird Rock Extension Development, Basseterre, St. Kitts, Attn: PAUL TROTMAN.

14.6. Governing Law; Jurisdiction. This Agreement shall be governed by the laws of the Federation of St. Kitts and Nevis, without regard to the choice or conflicts of law provisions of any jurisdiction, and any disputes, actions, claims, or causes of action arising out of or in connection with this Agreement or the Software shall be subject to the exclusive jurisdiction of the Courts of the Federation of St. Kitts and Nevis.

14.7. Remedies. Licensee acknowledges that the Software contains valuable trade secrets and proprietary information of TROTMAN'S ACCOUNTING SERVICES and are protected by applicable intellectual property laws and treaties and by international copyright law and that any actual or threatened breach of the licenses granted herein will (a) constitute infringement or misappropriation of TROTMAN'S ACCOUNTING SERVICES' intellectual property rights and (b) cause immediate, irreparable harm to TROTMAN'S ACCOUNTING SERVICES for which monetary damages would be an inadequate remedy and for which injunctive relief is an appropriate remedy, in addition to any other remedy available to TROTMAN'S ACCOUNTING SERVICES.

14.8. Entire Agreement; Severability. Subject to the other terms and conditions of this Agreement, this Agreement
is the entire agreement between TROTMAN'S ACCOUNTING SERVICES and Licensee regarding Licensee's use of the Software, and supersedes and replaces any previous communications, representations, or agreements, or Licensee's additional or inconsistent terms, whether oral or written. In the event any provision of this Agreement is held invalid or unenforceable the remainder of the Agreement will remain enforceable and unaffected thereby. This Agreement may not be modified nor any rights under it waived, in whole or in part, except in writing, signed by both parties.

14.9. Force Majeure. Each party's obligation (other than Licensee's obligation to pay Fees when due) shall be suspended during any period that the party is rendered incapable of performing by virtue of any criminal acts of third parties, war, viruses, acts of public enemies, severe weather conditions, utility failures, strikes or other labor disturbances, fires, floods, other natural disasters, other acts of God, unforeseeable acts of employees, telecommunication or interruption of Internet service, or any causes of like or different kind beyond any reasonable control of the party.

14.10. Waiver. The failure of either party to insist in any instance upon any payment or performance when due by the other party, shall not relieve such other party of any of its obligations with respect to such performance, or constitute a waiver of such party's right to insist upon the full and timely performance in the future of any of the other party's obligations under this Agreement.

14.11. Acceptance. Installation of the software or subscription to the service is at the Licensee's risk and is deemed acceptance of these terms.