Software License Agreement

This Software License Agreement ("Agreement") is entered into by and between Serviks LTD ("Company", "Licensor") and the user ("Licensee", "You") who downloads and uses the ServX software ("Software"). By installing or using the Software, you agree to the terms of this Agreement.

1. Grant of License
   1. License: The Licensor grants the Licensee a non-exclusive, non-transferable, revocable right to install and use the Software on supported mobile devices solely for participation in the ServX grid computing network.
   2. License Term: The License is granted for a term of 3, 6, or 12 months, based on the purchased License Package. License renewal requires a new agreement upon expiration.
   3. License Scope: The Software is intended solely for lawful and authorized purposes. Licensee agrees not to use the Software for any prohibited activities, including but not limited to cryptocurrency mining, hacking, or creating botnets.
2. Licensee Responsibilities
   1. Device Requirements: The Licensee agrees to provide an adequate device, including battery life and network connectivity, as per the technical requirements of the Software (see Section 10 for minimum device specifications).
   2. Compliance with Terms: The Licensee shall comply with all terms of the License Agreement and maintain the device’s proper functionality to ensure uninterrupted participation in the ServX grid network.
   3. User Data: By using the Software, the Licensee agrees that performance metrics, including device usage and task completion data, will be collected and stored by ServX for monitoring, analysis, and compensation purposes (see Section 5 for data privacy terms).
3. Use Restrictions
   1. Prohibited Activities:
      The Licensee shall not:
      • Reverse-engineer, decompile, or attempt to extract source code from the Software.
      • Lease, sublicense, or distribute the Software to any third parties.
      • Use the Software to perform activities that could harm the Software, the Company’s network, or any third-party networks.
   2. Limitation on Use: Use of the Software without a License will limit the resources provided (up to 5GB of device storage and minimal computational power), and the Licensee will not receive compensation for usage.
4. Compensation
   1. Compensation Structure: The Licensee is eligible for compensation based on computational tasks completed, measured by active participation in the ServX grid network. The Licensee will receive daily returns equivalent to a fraction of the License value and additional rewards based on the resources provided.
   2. Payment: Compensation will be credited daily to the Licensee’s personal account within the Software. The payment system will reflect completed computational tasks and the device's performance.
   3. Penalty for Non-Compliance: If the Licensee fails to meet the usage terms (e.g., less than 2 hours of active participation per day), ServX reserves the right to reduce or withhold compensation.
5. Privacy and Data Processing
   1. Data Collection: ServX collects performance data, including CPU and memory usage, storage availability, and network conditions. All collected data is anonymized and used to optimize network performance and distribute tasks.
   2. Data Protection: The Company processes all personal data in compliance with the UK Data Protection Act and the General Data Protection Regulation (GDPR). The Licensee’s personal information will never be shared with third parties without explicit consent.
   3. Security: The Company employs security measures to protect the integrity and confidentiality of user data but does not guarantee the absolute security of data transmission over the internet.
6. Updates and Modifications
   1. Automatic Updates: The Software may automatically install updates, patches, or modifications to ensure optimal performance. You agree to receive such updates as part of your usage of the Software.
   2. Feature Modifications: The Company reserves the right to add or remove features at any time to improve service quality.
7. Intellectual Property
   1. Ownership: The Software, including all intellectual property rights, remains the sole property of the Company. No ownership rights are transferred to the Licensee.
   2. Third-Party IP: The Software may include licensed components owned by third parties. Any use of third-party IP must comply with their respective licenses.
8. Limitation of Liability
   1. No Warranty: The Software is provided "as is," with no guarantees or warranties of any kind. The Company disclaims all implied warranties, including fitness for a particular purpose.
   2. Limitation of Liability: In no event will the Company be liable for damages exceeding the total compensation owed to the Licensee during the term of this Agreement. This limitation applies to direct, indirect, or incidental damages.
   3. Force Majeure: The Company is not responsible for failure to perform under this Agreement due to unforeseeable circumstances beyond its control, including, but not limited to, natural disasters, cyber-attacks, or changes in legislation.
9. Termination
   1. Termination by Licensee: The Licensee may terminate this Agreement by uninstalling the Software. Termination will not result in a refund or further compensation.
   2. Termination by Company: The Company may terminate the License if the Licensee fails to comply with the Agreement or engages in prohibited activities. The Company may also suspend services due to network integrity concerns.
10. Governing Law
    This Agreement is governed by and construed in accordance with the laws of England and Wales. Any disputes arising from this Agreement shall be resolved in the courts of London, England.
11. Dispute Resolution
    1. Negotiation: In the event of a dispute, the parties agree to first attempt to resolve the issue amicably through negotiation.
    2. Mediation/Arbitration: If negotiations fail, disputes will be submitted to binding arbitration in accordance with the rules of the London Court of International Arbitration (LCIA).
12. Miscellaneous
    1. Entire Agreement: This Agreement constitutes the entire agreement between the parties concerning the Software and supersedes all prior agreements, oral or written.
    2. Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will continue to be valid and enforceable.