4. Term

This Agreement shall commence from the date of the last signature (“Effective Date”) and shall continue for a period of twelve (12) months (“Initial Term”) unless any Party terminates the Agreement in accordance with this Agreement.

Upon expiry of the initial term, this Agreement shall automatically renew for successive one (1) year periods until terminated in accordance with this Agreement.

5. NewLife Technologies Sarl’s Obligations

NewLife Technologies Sarl hereby agrees to:

1. 1. Work with Acquiring Bank to ensure that settlements of all monies collected by the Merchant are handled in a timely manner in accordance with Applicable Law and Payment Scheme Rules;
2. 2. Grant to the Merchant and the Merchant hereby accepts from NewLife Technologies Sarl limited, non-exclusive, non-transferable license and right to the NewLife Technologies Sarl API and accompanying integration technical specification in respect of this Agreement subject to the Merchant’s acceptance of the NewLife Technologies Sarl Terms and Conditions;
3. 3. Work with the Merchant to provide the requisite integration technical specification and APIs in respect of the Payment Gateway subject to the Merchant’s acceptance of NewLife Technologies Sarl Terms and Conditions;
4. 4. Work with the Merchant to provide fraud protection and compliance support to the Merchant subject to the Merchant’s acceptance of the NewLife Technologies Sarl Terms and Conditions;
5. 5. Set-up the Merchant on NewLife Technologies Sarl Payment Gateway;
6. 6. Develop and provide card & token processing API's for all NewLife Technologies Sarl Payment Scheme and tokens in the market of scope;
7. 7. Provide technology support to the Merchant on a discretionary basis;
8. 8. Provide post-implementation support to the Merchant and its customers;
9. 9. To maintain an open communication channel with the Merchant to discuss future joint product designs for future initiatives that both Parties can benefit from, and to discuss joint press announcements;
10. 10. Handle settlement of all monies collected by Merchants to Merchant’s bank account in Merchant’s preferred bank;
11. 11. advise Merchant by email on the start date, upon successful completion of the pre-go live UAT, to carry out a controlled end to end test in the live environment with selected internal users only within Merchant’s organization for a period of one or two weeks in order to certify that the entire project implementation is successful and satisfactory with sign off by Merchant;
12. 12. Provide adequate technical support for the test duration where applicable during the implementation of the task stated in clause 5.11 above.

6. The Merchant’s Obligations

6.1. The Merchant hereby agrees:

1. 1. to offer the NewLife Technologies Sarl infrastructure as method to route supported cards, payment methods & tokens originated transactions through the provided APIs in supported countries as mutually agreed upon;
2. 2. to respond to all fraud enquiries not later than one (1) Business Day of receipt of such enquiry,
3. 3. to respond to all Chargebacks enquiries with sufficient proof and evidence of value/service delivery within one (1) Business Day of receipt of such enquiry;
4. 4. that for any undisputed Chargebacks, the Merchant will be liable and would have to provide an equivalent sum for Chargebacks;
5. 5. that for all disputed Chargebacks for which 3D-Secure was used, the Chargebacks shall be subject to arbitration with the Payment Scheme;
6. 6. to promptly notify NewLife Technologies Sarl of any security breach, misuse, irregularity, suspected fraudulent transaction or suspicious activities that may be connected with attempts to commit fraud or other illegal activity through the use of Merchant’s site and the corrective action the Merchant has taken;
7. 7. to authorise NewLife Technologies Sarl to debit the nominated bank settlement account for the full value plus other lawful charges in respect of all lawful transaction where the Cardholder is adjudged by the Payment Scheme to be entitled to a refund;
8. 8. to ensure adequate fraud protection and compliance to regulatory and Payment Scheme rules and requirements;
9. 9. to notify NewLife Technologies Sarl of any change in the Merchant’s registered office address, Merchant’s activities and/or line of business prior to such change.
10. 10. to provide a full scope of future plans and use cases of the provided NewLife Technologies Sarl APIs;
11. 11. to maintain an open communication with NewLife Technologies Sarl to discuss potential future joint product designs for future initiatives that both parties can benefit from, and to discuss joint press announcements;
12. 12. to put in place appropriate security measures to monitor, control and prevent fraud on Merchant SoftPay Products;
13. 13. be fully responsible for its employees’ actions while in the Merchant’s employ;
14. 14. to ensure that at all times, the following information is displayed on its SoftPay Products;
16. - Return, Refund and cancellation Policy
17. - Description of the service (s) being offered for sale
18. - Delivery policy for the service(s) offered for sale
19. - Commitment to process orders promptly (stating in clear terms delivery timelines where applicable)
20. - An undertaking to ensure the security of Cardholders’ information and not to violate the privacy of Cardholders who transact on its site.
21. - Phone number(s) and e-mail address(es) for customer service contact.
22. - An undertaking to respond to all customer enquiries/issues within one (1) Business Day;
23. 15. to promote the Payment Gateway services to its Customers;
24. 16. to utilize the integration specification document and APIs in respect of the Payment Gateway provided by NewLife Technologies Sarl in the prescribed manner;
25. 17. fully comply with all applicable payment scheme rules and government regulations in relations to the transaction entered herein.
26. 18. ensure that the provided APIs will be used across all of its applicable digital Merchant assets in the prescribed manner;
27. 19. to carry out an end to end UAT in the live environment with selected internal users only within the Merchant’s organization and not the general public to certify:
28. - that integration process was successful;
29. - account settlement; and
30. - account statement narration is satisfactory etc.

as applicable for a period of one (1) or two (2) weeks in conjunction with NewLife Technologies Sarl;

31. 20. to close the project, following successful implementation of the UAT, by signing off a project Go-Live document provided by NewLife Technologies Sarl, for this purpose, before exposing Merchant’s project (service) to the general public;
32. 21. to provide immediate notice of (i) any unauthorised third-party use of the Services or any third party that may have access to cardholder data; and/or (ii) any event which might lead to such unauthorised use;
33. 22. to immediately notify NewLife Technologies Sarl of any act, omission or error which does or may adversely affect the Merchant's ability to perform their obligations under this Agreement or cause loss or damage to NewLife Technologies Sarl (including but not limited to any material change in the nature or extent of the Merchant's business).
34. 23. The Merchant shall comply with any additional security, authentication, risk control or other requirements imposed by NewLife Technologies Sarl or a Payment Scheme, including but not limited to where that Merchant is, in the opinion of NewLife Technologies Sarl and / or the Payment Scheme, engaged in high risk activities.
35. 24. to comply with Applicable law and any relevant Payment Scheme Rules to which the Merchant is subject. The Merchant shall not act in contravention of or cause NewLife Technologies Sarl to act in contravention of any Payment Scheme Rules to which NewLife Technologies Sarl is subject.

6.2. In order to ensure continued compliance with the requirements of the BEAC, the Merchant understands and accepts that NewLife Technologies Sarl provides its Services subject to the written approvals, directives, notices or authorisations as may be issued by the BEAC from time to time and the Payment Scheme Rules. The Merchant further accepts that NewLife Technologies Sarl may make any such changes to the Services or this Agreement as are strictly necessary to ensure compliance with the BEAC and the Payment Scheme Rules and the continuous provision of the Services to the Merchant.

6.3. The Merchant acknowledges that the Cards created on the SoftPay Platform are the property of NewLife Technologies Sarl, and will be subject to cancellation at any time by NewLife Technologies Sarl or the Issuing Bank, as required by Applicable Law, or, on a case-by-case basis, where NewLife Technologies Sarl and/or the Issuing Bank believes that the Card is being used for fraudulent or illegal purposes provided that NewLife Technologies Sarl shall immediately notify the Merchant of such cancellation.

6.4. The Merchant agrees that it will be responsible for and liable to NewLife Technologies Sarl and Issuing Bank for all reasonable expenses associated with and any losses from over limit processing or reasonable expenses incurred by NewLife Technologies Sarl or Issuing Bank in seeking fraud or unauthorized transaction recovery under Applicable Law that was a result of the Merchant’s action or inaction including actions of the Merchant’s employees.

7. Set Off

1. NewLife Technologies Sarl may, without notice, set off any debts or liabilities due from the Merchant to NewLife Technologies Sarl under this Agreement against any debts or liabilities owed by NewLife Technologies Sarl to the Merchant, regardless of the place of payment or currency of either obligation. If the obligations are in different currencies, NewLife Technologies Sarl may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.

2. NewLife Technologies Sarl is entitled to defer any settlement or any other sum due to the Merchant to the extent that NewLife Technologies Sarl considers necessary or appropriate to protect their ability to recover the Fees and/or the sums or any other liability (actual or anticipated) of the Merchant in connection with this Agreement.

3. If NewLife Technologies Sarl has reasonable suspicion that a transaction may be fraudulent or involve other criminal activity, NewLife Technologies Sarl may suspend the processing of that transaction and any connected, transaction, or withhold settlement until the satisfactory completion of any investigation. The Merchant shall not be entitled to any interest or other compensation whatsoever in respect of suspension or delay in receiving Payment.

4. The exercise by NewLife Technologies Sarl of any of its rights under this clause shall be without prejudice to any other rights or remedies (including but not limited to set-off) to which NewLife Technologies Sarl is otherwise entitled (by operation of law, contract, or otherwise).

8. Fees & Revenue Share

1. under this Agreement is structured in Annexure 1 and as may be updated from time to time on esoftpay.com

2. direct processors fees from Payment Scheme which are already contained in the fees contained in clause 8.1 above.

3. reduce/waive its transaction fees provided in Annexure 1 from time to time without recourse to the Merchant but shall notify the Merchant of such increase/reduction/waiver immediately upon its implementation.

4. NewLife Technologies Sarl is entitled to recover and withhold:

1. any Refunds; and

2. any Chargebacks and any Fines Visa, MasterCard, American Express and any Affiliates thereof or any other card payment network.

5. The Merchant may markup fees to its Customers without recourse to NewLife Technologies Sarl.

6. The Merchant hereby gives NewLife Technologies Sarl full permission and authorization to receive all settlements and collections on its behalf, from the Acquiring Bank, and to liaise with the Acquiring Bank, in order to make all due settlements to it, and on its behalf, through the NewLife Technologies Sarl platform.

9. Warranties

1. The Merchant warrants that it has never had an agreement with a payment scheme provider which was terminated upon request and/or demand by the payment scheme provider or any regulatory authority.

2. The Merchant warrants that it shall not submit any transaction that the Merchant knows is illegal, fraudulent or restricted for authorization, or not authorized by the cardholder.

3. The Merchant warrants it will conduct appropriate due diligence on all Customers.

4. The Merchant warrants that it shall fully cooperate where any forensic investigation is being conducted on the Merchant until such time the investigation is completed.

5. The Merchant warrants it will use the Services in good faith, in accordance with the terms of this Agreement and in accordance with all Applicable Law and Payment Scheme Rules. In particular, the Merchant will not use the Services in a manner that that could result in a violation of anti-money laundering, counter terrorist financing and similar legal and regulatory obligations.

6. The Merchant warrants that the Merchant has not been subject to the following:

1. Criminal conviction (except minor traffic offenses and other petty offenses) in Cameroon or in any other foreign country;

2. Federal or state tax lien, or any foreign tax lien;

3. Administrative or enforcement proceedings commenced by the Securities and Exchange Commission, any Regulatory Authority, in Cameroon, or in any other country; or

4. Restraining order, decree, injunction, or judgment in any proceeding or lawsuit, alleging fraud or deceptive practice on the part of the Merchant.

7. The Parties warrants that they are duly registered and licensed (where applicable), and have the full capacity, regulatory approvals and corporate authorisation to enter into this Agreement and discharge the obligations and responsibilities created herein.

8. The Parties further warrant that no element of this transaction constitutes a breach of any existing law, regulation, patent, copyright, or other intellectual property in its country or countries of domicile and operation.

9. The Parties warrant that in the case of any third-party software used in respect of this Agreement, that they have the required licence and the right to grant a sub-licence to use such thirdparty software.

10. Each Party warrants to the other that this Agreement constitutes a legal, valid and binding obligation, enforceable against it in accordance with the terms and obligations therein and no provision of this Agreement is in conflict with any of the Party’s obligations under its constitutional documents, Applicable Law or any other document, charter or agreement to which the Party is subject,

11. The Parties shall keep each other indemnified against all actions, claims, proceedings and all legal cost or other expenses arising out of any breach of the above warranties or out of any claim by a third party based on any facts which if substantiated would constitute such a breach or a breach of other relevant legal or contractual duty.

12. NewLife Technologies Sarl neither warrants that the use of the Payment Gateway or the operation thereof will be uninterrupted nor error free, however, NewLife Technologies Sarl warrants that it shall use its best endeavours to ensure that the Payment Gateway functions optimally at all times and within generally accepted industry standards during the term of this Agreement.

13. Except as set forth in this clause 10, NewLife Technologies Sarl makes no express or implied representations or warranties with respect to the Payment Gateway and related services or their condition, merchantability, fitness for any particular purpose or use by the Merchant or the Merchant’s customers.

14. Disclaimer. EXCEPT FOR THE WARRANTIES SPECIFICALLY SET FORTH IN THIS AGREEMENT, EACH PARTY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, ARISING OUT OF OR RELATED TO THIS AGREEMENT, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MARKETABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON- INFRINGEMENT, AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE, EACH OF WHICH IS HEREBY EXCLUDED BY AGREEMENT OF THE PARTIES.

10. Indemnity

Either Party shall indemnify and hold the other Party, its Affiliates, employees and agents harmless from and against any damage, loss, expense, claims or liability that Party may incur:

1. With respect to any negligent act or omission by, or wilful misconduct of, the Party’s employees or agents to the extent however that such negligent act can be situated in the normal course of employment or appointment;

2. The violation of any applicable law, statute or regulation by the Parties or their personnel;

3. In connection with any third party claims, actions, demands and/or losses to the extent that such losses result from any breach of this Agreement by such indemnifying Party. The Merchant shall indemnify and hold NewLife Technologies Sarl harmless from and against any damage, loss or liability that NewLife Technologies Sarl may incur as a result of:

1. Merchant wilfully or carelessly exposing the process/product/service to the general public during the process of carrying out tests in the controlled Live environment as stated in clauses 6.1.18 and 6.1.19 above.

2. Negligent or wilful misconduct of the Merchant and/or its employees, Affiliates, employees and agents.

3. Any modification or amendment of the prescribed terms of use communicated by NewLife Technologies Sarl, that NewLife Technologies Sarl did not specifically approve in writing.;

4. Any warranty, condition, representation, indemnity or guarantee granted by the Merchant with respect to the Payment Gateway with respect to the limited warranties specified in clause 10;

5. Any omission or inaccuracy in the Merchant’s advertisements or promotional materials that relate to the Payment Gateway,

6. Any modification of or addition to the Payment Gateway not provided or approved by NewLife Technologies Sarl or;

7. The Merchant’s failure to comply with the terms and conditions of this Agreement or any part thereof.

8. This section will not be construed to limit or exclude any other claims or remedies to which NewLife Technologies Sarl may be entitled hereunder or in law or equity.

11. Fraudulent Transactions

1. Fraudulent transactions shall include but not be limited to:

- Any purchase of goods and services and/or transaction arising from the use of a card by a person other than the authorized cardholder.

- Use of a card that is not authorised in terms of the rules governing the issuance and use of cards.

2. In the event that fraudulent transactions account for more than 0.10% of the Merchant’s sales turnover in any one (1) month, NewLife Technologies Sarl may, in addition to any other remedy available to it, be entitled to unilaterally terminate this Agreement forthwith and/or request the Merchant to delist the affected customer from the use of the platform and terminate the Merchant Agreement with the affected Customer.

3. Merchant agrees that it will always be responsible for the actions of;

- the Merchant’s customers; and

- The Merchant’s employees

- including fraudulent acts or omission not traceable to the contributory negligence of NewLife Technologies Sarl.

12. Security/Deposit

1. Where applicable, NewLife Technologies Sarl reserves the right to require that the Merchant provides (or procures the provision of security in such form as to be agreed by the Parties to secure the performance of the Merchant's actual, contingent or potential obligations under this Agreement or otherwise in connection with the Services. Such security may take the form of a deposit, a rolling reserve, a guarantee or indemnity. NewLife Technologies Sarl reserves the right to unilaterally call for an increase to the level of security held.

2. NewLife Technologies Sarl may require that any security provided be supplemented or replaced at any time.

3. At the time of termination, NewLife Technologies Sarl may retain such amount from the security (if any) and settlement payable to the Merchant as may be determined by NewLife Technologies Sarl to cover Chargeback risk, Refund risk or any potential loss, damages, penalties, cost that may be incurred by NewLife Technologies Sarl for a period of one hundred and eighty days (180) Business Days. In the event that such retained amount is not sufficient to cover all outstanding amounts of the Merchant post termination, the Merchant shall ensure that it pays NewLife Technologies Sarl all pending amounts within ten (10) Business Days of receiving the demand notice and shall at all times keep NewLife Technologies Sarl indemnified in this respect.

13. Limitation of Liability

1. The liability of NewLife Technologies Sarl to the Merchant, whether in contract, negligence, and other tort, by way of indemnity or otherwise arising out of or in connection with this Agreement shall be subject to the financial limits set out below:

1. In no event shall NewLife Technologies Sarl be liable to the Merchant in excess of any amount that has accrued to NewLife Technologies Sarl from transactions emanating by virtue of this Agreement, in the month immediately preceding the date the first such claim arises.

2. No liability shall be raised against NewLife Technologies Sarl more than two (2) years after the accrual of the cause of such liability, therefore. It is further agreed that the limitations on liability, expressed herein, shall inure to the benefit of and apply to all parents (both direct and indirect), subsidiaries and Affiliates of NewLife Technologies Sarl.

3. NewLife Technologies Sarl will not be liable for the actions or inactions of any third party not acting on the instructions of NewLife Technologies Sarl; neither will NewLife Technologies Sarl be liable for the actions or inactions not directly traceable to it.

14. Termination

1. Either Party may terminate this Agreement forthwith by giving’ notice in writing to the other Party if:

1. the other Party takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (whether voluntarily or by order of the court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of its assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction; or

2. the other Party suspends, or threatens to suspend, or ceases or threatens to cease to carry on all or a substantial part of its business.

2. This Agreement may also be terminated forthwith by any of the Parties on giving written notice to the other, if the other Party is in material breach of the terms of this Agreement and has failed to rectify such breach (in the case of a breach capable of being remedied) within ten (10) Business Days of receiving a written notice requiring it to do so.

3. NewLife Technologies Sarl may terminate this Agreement and delist the Merchant where the Merchant is identified as a source of fraudulent activity or causes damage to NewLife Technologies Sarl’s brand or the Acquiring Bank and Payment Schemes or upon instruction from the Acquiring Bank and Payment Schemes whether financial or otherwise.

4. Either Party may terminate this Agreement at any time on giving one (1) month’s written notice to the other Party.

5. On Termination, the Parties shall be discharged from any liability for further performance of its obligations under this Agreement and shall entitle either Party to be paid the accrued sum for any successful transaction prior to such termination.

6. Any termination of this Agreement (however occasioned) shall not affect any accrued rights or liabilities of any of the Parties nor shall it affect the coming into force or the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such termination.

7. Upon termination of this Agreement the Merchant’s right to use the Payment Gateway shall automatically be revoked and NewLife Technologies Sarl shall retain the merchant records for a period of five (5) years after such termination.

15. Confidentiality

1. In order to implement this Agreement, Both Parties may receive and have access to certain information belonging to the other Party which the other Party may designate as Confidential Information, provided, the Parties recognize that they will not have access to, or share, non-public personal information regarding consumers under this Agreement. Both Parties agree that all Confidential Information is and shall remain the property of the Party providing the information and the Party receiving or gaining access to the information shall use all reasonable and prudent means to safeguard such Confidential Information, including all means required by law. Furthermore, neither Party shall copy, publish, disclose to others, or use such Confidential Information for any purpose other than the fulfilment of its obligations under this Agreement or where required by law.

2. Each of the Parties on behalf of itself and its employees, officers, directors, Affiliates, and agents, hereby agrees that Confidential Information made available to it will not be disclosed or made available to any third party, agent or employee for any reason whatsoever, other than with respect to: (i) its employees on a “need to know” basis, (ii) Affiliates on a “need to know” basis, provided that they are subject to a confidentiality agreement which shall be no less restrictive than the provisions of this Section 17; and (iii) as required by Applicable Law or as otherwise permitted by this Agreement, either during the term of this Agreement or after the termination of this Agreement, provided that prior to any disclosure of any party’s Confidential Information as required by law, the party subject to the requirement shall (iv) notify the other parties of all, if any, actual or threatened legal compulsion of disclosure, and any actual legal obligation of disclosure immediately upon becoming so obligated and (v) cooperate with the other parties’ reasonable, lawful efforts to resist, limit, or delay disclosure.

3. Upon Termination of this Agreement, or at any time upon the request of the other party, each party shall return all Confidential Information in the possession of such Party or in the possession of a third party (over which such party has or may exercise control).

4. In the event of any breach of the obligations under this Section 17, each Party acknowledges that the other Party may have no adequate remedy at law, in addition to such other remedies as may be available to the other Party, the other Party may obtain injunctive relief.

5. This Section shall survive any termination or expiration of this Agreement.

16. Force Majeure

1. If any of the Parties hereto is prevented from fulfilling its obligations under this Agreement by reason of any supervening event beyond its control (including but not limited to an Act of God, Natural Disaster, or Civil Disorder) the Party unable to fulfil its obligations shall immediately give notice in writing of this to the other Party and shall do everything in its power, including but not limited to accepting assistance from third parties or the other Party, to resume full performance.

2. If the period of incapacity exceeds two (2) months, then this Agreement shall automatically terminate unless Parties expressly agree otherwise in writing

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All access requests, questions, comments, complaints and other requests regarding the privacy policy should be sent to info@newlife-technologies.com, support@esoftpay.com.

We may request additional details from you regarding your complaints and keep records of your requests and resolution.

17. Relationship Between Parties

1. The relationship between the Parties hereto shall be one of collaboration for the single purpose of the business relationship herein created.

2. This Agreement shall not in any way constitute a partnership or joint venture between the Parties or constitute either Party an agent of the other.

3. This Agreement is not intended to confer on any person other than NewLife Technologies Sarl and the Merchant, any express or implied benefit or burden.

18. Intellectual Property

1. Nothing set forth in this Agreement shall constitute a transfer or assignment by one Party to another Party of any Intellectual Property Rights owned or otherwise controlled by such Party, and each Party hereby retains all of its rights, title and interest in such Intellectual Property Rights.

2. All Intellectual Property Rights in or related to the Payment gateway are and will remain the exclusive property of NewLife Technologies Sarl, whether or not specifically recognized or perfected under the laws of the jurisdiction in which the Payment gateway is used or licensed. The Merchant shall not take any action that jeopardizes NewLife Technologies Sarl's proprietary rights or acquire any right in the Payment gateway, or the Confidential Information, as defined herein. Unless otherwise agreed on a case-by-case basis, NewLife Technologies Sarl will own all rights in any copy, translation, modification, adaptation or derivation of the Payment gateway or other items of Confidential Information, including any improvement or development thereof.

19. No Assignment

1. The, rights benefits or obligations under this Agreement may not be assigned or otherwise transferred in whole or in part without the prior written consent of all the Parties but shall be binding upon and inure to the benefit of each of the Parties and, where so permitted, their assigns or other transferees.

2. NewLife Technologies Sarl may sub-contract or delegate the performance of its obligations under this Agreement to third parties including any of its Affiliates; however, the Merchant shall remain responsible for the performance of its duties under this Agreement.

20. Modifications

This Agreement may not be modified except by an instrument in writing signed by duly authorized representatives of each of the Parties.

21. Waiver

The respective rights of the Parties (whether arising under this Agreement or under the applicable law) shall not be capable of being waived or varied otherwise than by an express waiver or variation in writing; and in particular any failure to exercise or any delay in exercising any of such rights shall not operate as a waiver or variation of that or any other such right; any defective or partial exercise of any of such right shall not preclude any other or further exercise of that or any other such right; and no act or course of conduct or negotiation on the part of either Party shall preclude them from exercising any such right or constitute a suspension or variation of such right.

22. Severance

In the event that any provision of this Agreement is declared by any applicable law, judicial or other competent authority to be void, voidable, illegal or otherwise unenforceable or irrelevant It shall to the extent required by such law or authority, be severed from this Agreement and rendered ineffective so far as is possible without modifying the remaining provisions of this Agreement.

23. Further Assurances

At all times after the date hereof the Parties shall at their own expense execute all such documents and do such acts and things as may be reasonably required for the purpose of giving full effect to this Agreement.

24. Whole Agreement

Save for NewLife Technologies Sarl Terms and Conditions and Payment Scheme Rules of this Agreement, this Agreement contains the whole agreement between the Parties with respect to the subject matter hereof and supersedes any prior written or oral agreement between them in relation to its subject matter and the Parties confirm that they have not entered into this Agreement upon the basis of any representation that are not expressly incorporated herein and the NewLife Technologies Sarl Terms and Conditions.

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1. NewLife Technologies Sarl shall not be involved in any disputes that may arise between the Merchant and any of its Customers, unless such dispute specifically relates to transaction settlement.

2. In the event of a dispute between Parties with respect to any issue arising out of or relating to this Agreement in any manner, including but not limited to the breach thereof, resolution of which cannot be resolved amicably by the Parties through negotiation within thirty (30) days shall be resolved by arbitration at the Lagos Court of Arbitration (LCA) before a single arbitrator in accordance with the Arbitration and Conciliation Act, Cap A18, Laws of the Federation of Cameroon.

3. The Parties shall be entitled to require the appointment of an arbitrator by the Chairperson of Chartered Institute of Arbitrators (UK), Cameroon Branch, where the Parties fail to reach an amicable decision of the arbitrator.

4. The arbitration shall be held in Lagos, Cameroon and conducted in English language.

5. The decision of the arbitrator shall be final and binding on the Parties and Parties agree to be bound by it. Such decision shall be rendered within thirty (30) days of the closing of the hearing record.

6. The cost of arbitration shall be borne equally by the Parties.

7. The Arbitral award rendered by the arbitrator shall be entered in any court of competent jurisdiction as judgment. No award of punitive damages by the arbitrator may be enforced.

26. Governing Law

This Agreement shall be governed by the Laws of the Republic of Cameroon.

27. Notices

1. Any notice required or permitted by this Agreement to be given to either Party by the other shall be given by personal delivery to such Party or by registered or certified mail, electronic mail, postage prepaid, return receipt requested, and addressed to:

NEWLIFE TECHNOLOGIES SARL

Address: Odza Borne dix, Yaounde, Cameroon

Email: contact@newlife-technologies.com, info@newlife-technologies.com,

support@esoftpay.com

Attention: Managing Director

30. Anti-Corruption

1. Each Party hereby undertakes that, at the date of this Agreement, itself, its directors, officers, employees or Affiliates have not offered, promised, given, authorized, solicited or accepted any undue pecuniary or other advantage of any kind (or implied that they will or might do any such thing at any time in the future) in any way connected with this Agreement and that it has taken reasonable measures to prevent subcontractors, agents or any other third parties, subject to its control or determining influence, from doing so.

2. Each Party shall comply with all applicable anti-bribery and anti-corruption Laws in Cameroon (including the Economic and Financial Crimes commission laws and the Foreign Corrupt Practice Act of the United States of America and the Bribery Act 2010 of the United Kingdom) and all applicable anti-bribery and anti-corruption regulations and codes of practice.

3. The Merchant shall ensure that this clause 30 is observed in all relationship with its customers.

Where you negotiate a Merchant Services Agreement before or after accepting the terms of this EAgreement, the executed Agreement will take precedence over this E-Agreement The NewLife Technologies Sarl Payment Protection Promise.

Whenever you shop online and see the NewLife Technologies Sarl or SoftPay logo, we want you to feel confident and secure in your choice.

That’s why we are providing you with a guarantee that ensures that you are protected every time you spend with NewLife Technologies Sarl. We guaranty that you will be protected if the item or service you paid for didn’t arrive, is faulty or damaged or doesn’t match what was listed.

Safety and security guaranteed At NewLife Technologies Sarl, we take security seriously so every payment made on our platform is 100% secure, even exceeding industry standard.

Blacklist fraudulent merchants If a merchant is found to be repeatedly fraudulently charging you and other users, we will ensure that they are unable to continue perpetrating such services through NewLife Technologies Sarl’s technology, and report them to the appropriate authorities. What is covered.

All payments and SoftPay initiated transfers made to merchants for the provision of goods and services are covered by the NewLife Technologies Sarl Consumer protection promise. • Payments for items that adhere our terms of service.

• Payments for items to SoftPay merchants that were processed via the SoftPay gateway.

• Payments for transactions within 60 days after the transaction date.

• This policy is only in effect for SoftPay businesses in Cameroon, i.e businesses transacting in FCFA.

What is not covered.

As much as we want to protect you and your money, there are scenarios that our promise will not be able to provide cover for.

• Payments for items that violate our terms of service. See here

• Payments for items to SoftPay merchants that were not processed via the SoftPay gateway.

• Payments for transactions processed over 60 days after the transaction date.

• Payments for items delivered exactly as described by the seller- you changed your mind after a purchase and after the merchant’s refund promise has elapsed.

• Payments for transactions that have previously been disputed by your bank’s chargeback process.

• Payments for damage or loss that occurs to goods after they are delivered to the destination you provided to your seller (including a freight forwarder). Our refund guarantee.

You can get a refund for a product or service you paid for if:

• You can file a claim against a merchant if you did not authorize the transaction.

• You can file a claim against a merchant if you did authorize the transaction, but didn’t receive what you were expecting.

Filing a claim

You can file a claim against a merchant if you have reached out to the merchant regarding a dispute and provided them with 24 hours to respond and any of the following scenarios apply:

• The merchant failed to deliver the items within the maximum estimated delivery date communicated to you.

• You received the item, but the item was defective, damaged, or not the item depicted in the merchant’s description.

• The merchant did not accept the return of the item despite you being in accordance with the return policy or on their own SoftPay Products/page/app.

• The merchant has charged an amount greater than the amount you authorized for your purchase.

• You returned the item to the merchant per an agreement between you both and the merchant has not provided the agreed upon reimbursement after receiving the item (You have provided the merchant with 14 days to issue a refund from their receipt of the returned item). If you refuse a delivery, your claim may not be covered. Timeframes to keep in mind when making a claim.

• You are obliged to wait 1 day from the expected delivery date to submit a claim. If your claim is for the delivery of an instant service like Airtime, you must wait 12 hours.

• From that point, you have 60 days to submit the claim.

• If you receive your item and it is damaged, defective, or materially different, you must contact the merchant within 1 day of receipt to request return information.

How to log a claim.

You can let any of our agents know whenever you reach out to us through our email contact@ newlife-technologies.com.

Support channels

1. Send us a message through any of our support channels - Twitter, Facebook, Email, Live chat.

2. Provide us with as much detail as possible.

3. Let us know you want to log a claim against the merchant.

4. Look out for the correspondence from us through the process via email and SMS. What happens if we can’t pay up?

In circumstances that are not covered by our payment protection promise, or if after investigation, we find that there is no validity to the claim that has been raised, and you still believe that you should be refunded, our arbitration process will kick in and we will attempt to mediate between you and the merchant.

If after the arbitration process, you still believe that you should be refunded, we encourage you to seek redress in a civil court against the merchant in question. NewLife Technologies Sarl will continue to do our best to ensure that all complaints come to a natural and logical conclusion