TRADEMARK ASSIGNMENT AGREEMENT
Exhibit 10.1
THIS ASSIGNMENT AGREEMENT is made between Nova Furniture Limited., a company incorporated in Samoa (the “Assignor”) and Kuka Design Limited, a company incorporated in Hong Kong and having its principal office at Xxxx 000, 0/X, Xxxxx Xxxxxxxxxx Xxxx., 000-000 Xxxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx, (xxx “Assignee”).
WHEREAS, the Assignor is the owner of the Chinese trademark registration(s) and/or application(s) listed on Schedule A hereto, (the “Trademark(s)”).
WHEREAS, the Assignor has agreed to assign the Trademark(s) to the Assignee, and the Assignee has agreed to accept said assignment.
NOW THEREFORE, for good and valuable consideration in the sum of $6,000,000 USD, the sufficiency of which is hereby acknowledged, the Assignor hereby assigns to the Assignee, its successors and assigns, all its full right to and title in the Trademark(s), together with the goodwill of the business in the goods to which the Trademark(s) pertain. Assignee shall pay the agreed upon consideration in two installments as follows: $1,000,000 USD on or before November 30, 2016, and $5,000,000 USD on or before December 31, 2016.
IN WITNESS WHEREOF, the Assignor and Assignee have caused this Agreement to be executed by their duly authorized officers.
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ASSIGNOR,
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Dated this 10th date of November 2016
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By: |
/s/ Xxxxx X. Xxx
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Xxxxx X. Xxx
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Director
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Nova Furniture Limited
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ASSIGNEE,
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Dated this 10th date of November 2016
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By:
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/s/ Gu Jiangsheng
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GU Jiangsheng
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Director
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Kuka Design Limited
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Schedule A
Assigned Xxxx(s)
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Xxxx
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Registration No.
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Registration Date
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Country
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NOVA
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441900400004342
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24 March, 2011
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China
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GSB:8243373.10
