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ARB IOT Group Ltd. – IPO: ‘F-1’ on 9/30/22 – ‘EX-10.6’

On:  Friday, 9/30/22, at 5:27pm ET   ·   Accession #:  1213900-22-60785   ·   File #:  333-267697

Previous ‘F-1’:  None   ·   Next:  ‘F-1/A’ on 11/2/22   ·   Latest:  ‘F-1/A’ on 1/23/24   ·   7 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/30/22  ARB IOT Group Ltd.                F-1                   28:4.8M                                   EdgarAgents LLC/FA

Initial Public Offering (IPO):  Registration Statement by a Foreign Issuer   —   Form F-1

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-1         Registration Statement by a Foreign Issuer          HTML   1.91M 
 2: EX-3.1      Amended and Restated Memorandum of Association and  HTML    284K 
                Articles of Association of the Registrant                        
                (Currently in Effect)                                            
 3: EX-3.2      Form of Amended and Restated Articles of            HTML    349K 
                Association of the Registrant (To Be Effective                   
                Immediately Prior to the Completion of This                      
                Offering)                                                        
11: EX-10.10    Service Agreement Between Arb Big Data Sdn Bhd and  HTML     33K 
                Arb Axflix Sdn. Bhd., Dated 23 June 2021, for                    
                System Development Services                                      
12: EX-10.11    Service Agreement Between Arb Axflix Sdn Bhd and    HTML     30K 
                Arb Agro Technology Sdn Bhd (Formerly Known as                   
                Digital Agrophonic Sdn. Bhd)., Dated 28 May 2021,                
                for Implementation of System Development                         
13: EX-10.12    Service Agreement Between Arbiot Sdn Bhd and Arb    HTML     30K 
                Axflix Sdn. Bhd Dated 24 September 2021 for                      
                Implementation of Project Commissioning                          
14: EX-10.13    Service Agreement Between Arb Big Data Sdn Bhd and  HTML     30K 
                Arb Axflix Sdn. Bhd Dated 8 October 2021 for                     
                Implementation of System Development                             
15: EX-10.14    Service Agreement Between Arb Axflix Sdn Bhd and    HTML     30K 
                Arb Wms Technologies Sdn. Bhd (Formerly Known as                 
                Bluewave Wms Technologies Sdn Bhd) Dated 7 July                  
                2021 for Implementation of System Development                    
16: EX-10.15    Service Agreement Between Arb Innovation Sdn Bhd    HTML     32K 
                (Formerly Known as Aberys Innovation Sdn Bhd) and                
                Arb Axflix Sdn. Bhd Dated 20 July 2021 for                       
                Implementation of System Development                             
17: EX-10.16    Service Agreement Between Arb Axflix Sdn Bhd and    HTML     29K 
                Arb Intelligence Sdn. Bhd Dated 22 September 2021                
                for Implementation of System Development                         
18: EX-10.17    Service Agreement Between Arb System Sdn Bhd and    HTML     31K 
                Arb Distribution Sdn. Bhd Dated 2 July 2021 System               
                Development Services                                             
19: EX-10.18    Supply Agreement Between Arb Innovation Sdn Bhd     HTML    136K 
                (Formerly Known as Aberys Innovation Sdn Bhd)                    
                Dated 5 August 2021 and Ageson Industrial Sdn.                   
                Bhd.(Formerly Known as Ab5 Sdn Bhd), Dated 5                     
                August 2021 to Procure and Supply Ibs System                     
 4: EX-10.3     Tenancy Agreement Between Arb Intelligence Sdn.     HTML     93K 
                Bhd. and Vnh One Sdn. Bhd., Dated March 3, 2021                  
 5: EX-10.4     Management Services Agreement Among Arb Berhad,     HTML     24K 
                Arbiot Sdn. Bhd. and Arb Development Sdn. Bhd.,                  
                Dated September 15, 2020                                         
 6: EX-10.5     Service Agreement Between Arbiot Sdn Bhd and        HTML     40K 
                Baritech Sdn. Bhd., Dated 27 March 2019, for                     
                Project Commissioning Services                                   
 7: EX-10.6     Service Agreement Between Arbiot Sdn Bhd and        HTML     28K 
                Baritech Sdn. Bhd., Dated 30 April 2019, for                     
                Project Management and Business Application                      
                Services                                                         
 8: EX-10.7     Service Agreement Between Arbiot Sdn Bhd and        HTML     44K 
                Baritech Sdn. Bhd., Dated 25 May 2020, for Project               
                Commissioning Services                                           
 9: EX-10.8     Service Agreement Between Baritech Sdn Bhd and Arb  HTML     31K 
                Distribution Sdn. Bhd., Dated 1 October 2020, for                
                Project Management for Upgrade System Modules                    
10: EX-10.9     Service Agreement Between Arb Cloud Sdn Bhd and     HTML     29K 
                Arb Big Data Sdn. Bhd., Dated 23 June 2021, for                  
                System Development Services                                      
20: EX-21.1     List of Subsidiaries of the Registrant              HTML     17K 
21: EX-23.1     Consent of Bf Borgers CPA Pc                        HTML     12K 
22: EX-23.6     Consent of Smith Zander International               HTML     15K 
28: EX-FILING FEES  Filing Fee Table                                HTML     31K 
23: EX-99.1     Code of Ethics of the Registrant                    HTML     28K 
24: EX-99.3     Consent of Independent Director (Kevin) Khor Chin   HTML     13K 
                Meng                                                             
25: EX-99.4     Consent of Independent Director (Julia) Yuen Ya     HTML     13K 
                Ting                                                             
26: EX-99.5     Consent of Independent Director Khor Ben Jin        HTML     13K 
27: EX-99.6     Consent of (Addy) Ng Kok Wah                        HTML     13K 


‘EX-10.6’   —   Service Agreement Between Arbiot Sdn Bhd and Baritech Sdn. Bhd., Dated 30 April 2019, for Project Management and Business Application Services


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 10.6

 

30th April 2019

 

Baritech Sdn. Bhd
No. 17-02, Q Sentral

2A, Jalan Stesen Sentral 2
KL Sentral

50470 Kuala Lumpur

 

Dear Sirs,

 

LETTER OF ENGAGEMENT

 

ARBIOT Sdn Bhd (“ARBIOT”, “we”, “us”) are pleased to assist Baritech Sdn Bhd (“Baritech”, “Company”) for Project Management and Business Applications by providing the asset for the projects.

 

1. Engagement and Services

 

Baritech is hereby engages ARBIOT to provide the assets essential to the services rendered, and Baritech hereby accepts this Engagement.

 

2. Subscription Fees

 

In consideration of assets provided, the Company shall pay subscription fee for RM 68,299.19 per month, for the period of April 2019 to November 2019. The subscription fee will be adjusted to RM 120,432.52 per month starting December 2019. This Engagement will be automatically renewed every month.

 

3. Termination

 

This Engagement may be terminated by the Company, without cause and without liability, by giving THIRTY (30) calendar days written notice of such termination to ARBIOT. This Engagement may be terminated by either party by giving THIRTY (30) calendar days written notice of such termination to the other party in the event of material breach by the other party.

 

4. Confidential Information

 

(a)Defined. In this Engagement the term “Confidential Information” shall mean the Work Product and any and all information relating to the Company’s business, including, but not limited to, research, developments, product plans, products, services, diagrams, formulae, processes, techniques, technology, firmware, software, know-how, designs, ideas, discoveries, inventions, improvements, copyrights, trademarks, trade secrets, customers, suppliers, markets, marketing, finances disclosed by Company either directly or indirectly in writing, orally or visually, to ARBIOT. Confidential Information does not include information which:

 

i)is in or comes into the public domain without breach of this Engagement by ARBIOT,
ii)was in the possession of ARBIOT prior to receipt from the Company and was not acquired by ARBIOT from the Company under an obligation of confidentiality or non use,
iii)is acquired by ARBIOT from a third party not under an obligation of confidentiality or non-use to the Company, or

 

 C: 

 

 

 

iv)is independently developed by ARBIOT without use of any Confidential Information of the Company.

 

(b)Obligations of Non-Disclosure and Non-Use. Unless otherwise agreed to in advance and in writing by the Company, ARBIOT will not, except as required by law or court order, use the Confidential Information for any purpose whatsoever other than the performance of the Services or disclose the Confidential Information to any third party.

 

ARBIOT may disclose the Confidential Information only to those of its employees who need to know such information. In addition, prior to any disclosure of such Confidential Information to any such employee, such employee shall be made aware of the confidential nature of the Confidential Information and shall execute, or shall already be bound by, a non-disclosure agreement containing terms and conditions consistent with the terms and conditions of this Engagement. In any event, ARBIOT shall be responsible for any breach of the terms and conditions of this Engagement by any of its employees. ARBIOT shall use the same degree of care to avoid disclosure of the Confidential Information as it employs with respect to its own Confidential Information of like importance, but not less than a reasonable degree of care.

 

5. Other Terms and Conditions.

 

The General Conditions and any Special Conditions are attached hereto as and made a part of this Engagement. In the event of a conflict between the General Conditions and the Special Condition, the Special Conditions shall control.

 

6. Interference with Business

 

(a)Non-Competition. During the term of this Engagement, ARBIOT will engage in no business or other activities which are, directly or indirectly, competitive with the business activities of the Company without obtaining the prior written consent of the Company.

 

(b)Non-Solicitation. ARBIOT agrees that for a period of one (1) year after termination of this Engagement, Consultant shall not:

 

i)divert or attempt to divert from the Company any business of any kind in which it is engaged, including, without limitation, the solicitation of or interference with any of its suppliers or customers, or
ii)employ, solicit for employment, or recommend for employment any person employed by the Company, during the Consultancy Period and for a period of one (1) year thereafter.

 

7. Force Majeure

 

Either party shall be excused from any delay or failure in performance required hereunder if caused by reason of any occurrence or contingency beyond its reasonable control, including, but not limited to, acts of God, acts of war, fire, insurrection, strikes, lock-outs or other serious labour disputes, riots, earthquakes, floods, explosions or other acts of nature.

 

The obligations and rights of the party so excused shall be extended on a day-to-day basis for the time period equal to the period of such excusable interruption. When such events have abated, the parties’ respective obligations hereunder shall resume.

 

 C: 

 C: 2

 

 

8. Non-Publicity

 

The Company and ARBIOT agree not to disclose the existence or contents of this Engagement to any third party without the prior written consent of the other party except:

 

i.to its advisors, attorneys or auditors who have a need to know such information,
ii.as required by law or court order,
iii.as required in connection with the reorganization of a party, or its merger into any other corporation, or the sale by a party of all or substantially all of its properties or assets, or
iv.as may be required in connection with the enforcement of this Engagement.

 

9. Assignment

 

The Services to be performed by ARBIOT hereunder are business in nature, and Company has engaged ARBIOT as a result of our expertise relating to such Services. We, therefore, agrees that it will not assign, sell, transfer, delegate or otherwise dispose of this Engagement or any right, duty or obligation under this Engagement without the Company’s prior written consent. Nothing in this Engagement shall prevent the assignment by the Company of this Engagement or any right, duty or obligation hereunder to any third party.

 

10. General Provisions

 

(a)Complete engagement. This engagement letter together with all exhibits which are incorporated herein by reference is the sole and entire arrangement between the parties. This engagement letter supersedes all prior understandings, arrangements and documentation relating to such subject matter. In the event of a conflict between the provisions of the main body of the engagement letter and any attached exhibits, the engagement letter shall take precedence.

 

(b)Modifications to engagement. Modifications and amendments to this engagement letter, including any exhibit hereto, shall be enforceable only if they are in writing and are signed by authorized representatives of both parties.

 

(c)Notices. All notices and other communications given in connection with this Engagement shall be in writing.

 

11. Signatures

 

(a)Each party represents and warrants that on this date they are duly authorized to bind their respective principals by their signatures.

 

 C: 

3

 

 

This letter constitutes the entire understanding of the parties. Any changes or modification thereto must be in writing and signed by both parties.

 

The undersigned agreed to the terms of this letter on behalf of his or her organization or business.

 

Baritech has right to terminate this Engagement and cease to pay the remaining fees if the software is not meeting the Company expectations according to the agreed stages ..

 

ARBIOT Sdn. Bhd.   Company Stamp:
     
(Authorised signature)    
     
/s/ Chong Hwa Siong    
Name: Chong Hwa Siong    
I/C No .: 740503-04-5379    
     
Baritech Sdn. Bhd.   Company Stamp:
     
(Authorised signature)    
     
/s/ Choong Voon Kwong    
Name: Choong Voon Kwong    
     
I/C No.: 760210-10-5567    

 

 

4

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘F-1’ Filing    Date    Other Filings
Filed on:9/30/22None on these Dates
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/23/24  ARB IOT Group Ltd.                F-1/A                  3:711K                                   EdgarAgents LLC/FA
10/31/23  ARB IOT Group Ltd.                F-1                    4:768K                                   EdgarAgents LLC/FA
10/30/23  ARB IOT Group Ltd.                20-F        6/30/23  116:9.1M                                   EdgarAgents LLC 2/FA
 3/27/23  ARB IOT Group Ltd.                F-1/A                  2:55K                                    EdgarAgents LLC/FA
12/22/22  ARB IOT Group Ltd.                F-1/A                  7:3.3M                                   EdgarAgents LLC/FA
12/05/22  ARB IOT Group Ltd.                F-1/A                  6:3.6M                                   EdgarAgents LLC/FA
11/02/22  ARB IOT Group Ltd.                F-1/A      11/01/22    2:2.8M                                   EdgarAgents LLC/FA
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Filing Submission 0001213900-22-060785   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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