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Terms of Advisory Plan

Terms of advisory plan as of 01 July 2023

This is a contract between us, InProved Pte Ltd. (“InProved”) and you, (the “primary member”), for the Holding Company Plans described below, (sometimes described as Advisory Services and collectively referred to as the “holding company plans”). In addition to the InProved Pte Ltd. (“InProved”) Terms of Use, that govern your use of the InProved website, this contract (the “Agreement”) constitutes a legal agreement between you and InProved detailing the terms of your use of the Holding company plans. This Agreement is effective as of the date you accept its terms by purchasing an Holding Company Plan membership (the “Effective Date”). If you sign up for an Holding Company Plan, you accept these terms, conditions, limitations, and requirements. Please read this Agreement carefully.

1. Paid service Generally, our paid service refers to any paid plan or service which the primary member has paid for, including procurement of a company plan and one-off services. We would have discussed or communicated with you on any of our websites and digital platforms, or through meetings and/or through our other correspondences with you how our professional fees will be charged, and this will be set out from time to time to be communicated via means of communication to you.

2. Primary member Primary member refers to the person who is or will be paying for a plan and/or a service provided by InProved, and also includes the person who is or will be paying paid-up capital in a company created by InProved and/or corporate taxes liable to a company managed by InProved.

3. Obligation by primary member Generally we will send payment instructions only to the primary member unless you authorize us otherwise. While our invoice or advice may be addressed to a company, it is a condition of this engagement that the primary member is personally responsible for the amount mentioned in InProved’s advice or invoices fees, in the event that that company is not able to make payment of this amount.

4. Advisory service specific to provision of paid company plans A paid company plan refers to provision of a company which the primary member or his/her associates would own, incorporated in an advanced economy like Singapore, generally including compliance and governance functions, such as appointment of corporate secretary and resident directors. The overall compliance management of this company would typically be covered under such a paid company plan. The rates for such a company plan would have been discussed or communicated with you, via any of InProved’s website or digital platforms, or through other correspondences and meetings, and these would be set out from time to time and be communicated to you.

4.1. Paid-up capital Paid-up capital refers to the amount of capital that will be deposited into a company account, in return for the company providing ownership to the person paying the capital. InProved RESERVES THE RIGHT TO COLLECT PAID-UP CAPITAL FOR ANY COMPANY MANAGED BY InProved.

4.2. Corporate income tax (“CIT”) payable CIT payable refers to an amount that a company managed by InProved must pay to the income tax authority of Singapore. InProved RESERVES THE RIGHT TO COLLECT CIT FOR ANY COMPANY MANAGED BY InProved.

4.3. Default of an advisory service specific to provision of a paid company plan A default situation to your advisory service specific to provision of a paid company plan occurs if any of the below situation occurs, whichever the earlier;

the primary member does not send payment by agreed payment means after (1) month anniversary of your Billing Date of the paid company plan;
the primary member does not respond to 3x payment requests, sent by email communication, private message, mobile or livechat calls, or any communication method on-file specific to the paid company plan

IF ANY OF THE DEFAULT CLAUSES MENTIONED ABOVE IS ACTIVATED. THE PRIMARY MEMBER IS ENTERING INTO A DEFAULT SITUATION, FOR WHICH:

INPROVED RESERVES THE RIGHT TO APPLY FOR A STRIKING OFF OR WINDING DOWN OF THE COMPANY MANAGED BY InProved

THE PRIMARY MEMBER MAY HAVE HIS/HER DIRECTORSHIP REMOVED BY RESIGNATION AND HIS/HER COMPANY STRUCK OFF THE CORPORATE REGISTRAR

SUCH ACTIONS ARE CARRIED OUT UNDER THE CAPACITY OF THE REGISTERED FILING AGENT WHO INPROVED ENGAGES WITH

INPROVED, ITS EMPLOYEES, AGENTS, ASSOCIATES AND STAKEHOLDERS, WOULD BE FULLY INDEMNIFIED AGAINST ALL FINANCIAL LOSSES INCURRED BY THE PRIMARY MEMBER, ITS EMPLOYEES, AGENTS, ASSOCIATES AND STAKEHOLDERS IN SUCH A SITUATION

5. By agreeing to this terms of advisory, you further acknowledge and agree that: –

5.1. The provision of any paid plan or service provided by InProved, may be terminated upon service of 3 days’ notice for any reasons or for professional conduct reasons set out in the company act, corporate secretary bill, government statutes and/or constitution of a company, and this includes where you have been in breach of our agreement on the payment of fees as described in clause 4.1 and 4.2.

5.2. If the Bill of Costs and disbursements of this firm are not paid within 30 days, InProved reserves the right to withdraw representation on your behalf. Upon InProved discharging themselves from representation, InProved shall have the right of lien over the monies held and the documents that are in the possession of the primary member and/or company managed by InProved until such time when the professional costs and disbursements of the firm are fully paid.

5.3. InProved shall be entitled to charge interest of 1% per month on any outstanding invoices from the date of invoice.

5.4. That any monies paid to any company account managed by InProved shall be used by InProved to setoff against any outstanding invoiced amount owing to InProved without prior notice.

5.5. For services or plans of a recurring nature, we reserve the right to automatically invoice or automatically debit the amount. InProved will send a reminder email to the email address of record for your account approximately one week before the service or plan expiry date. You acknowledge and agree that this notice is provided as a courtesy only, and we are not obligated or required to provide such notice. You acknowledge and agree that (i) your failure to read, (ii) inability to receive, or (iii) the failure of InProved to send the email does not create any liability on the part of InProved or any third-party service provider.

5.6. These Terms, as well as other terms, conditions, and policies, are provided for convenience only. In the event of any ambiguity or conflict between other languages or translations, the English version is authoritative and controls.

5.7. That InProved reserves the right to change these general practices and limits at any time, in its sole discretion, with or without notice. However, you have the right to cancel your plan or service.

5.8. That InProved may establish general practises and limits concerning provision of paid services and/or plans, including without limitation to the maximum number of free consultations to you on any topic or subject.