TRADEMARK LICENSE AGREEMENT
EXHIBIT 10.1
This Trademark License Agreement (the "Agreement") is entered into as of December 11, 2015 between the following two parties.
| The Licensor: | Xxxxxxx Puzi Bin Khalid |
| Legal Address: | Xxx. 000, Xxxxx Xxxxx, Xx. Xxxxxxx Xxxxxx, 00000, Xxxxxxx Xxxxxxxx, Xxxxx, Xxxxxxxx |
| The Licensee: | Median Group Inc. (formerly known as Clixster Mobile Group Inc.) |
| Legal Address: | Xxxxx 0, Xxxxx0, Xxxxxx 5, The Horizon Bangsar South, Xx. 0 Xxxxx Xxxxxxxx, 00000, Xxxxx Xxxxxx, Xxxxxxxx |
WHEREAS, the Licensor, a Malaysian resident ID 640210-08-7075, owns the rights to the “Clixster” brand worldwide as defined in Appendix 1 pursuant to a sale and purchase agreement between the parties dated July 28, 2015.
WHEREAS, the Licensee, a company incorporated in Texas USA, is engaged in telecommunication services through Mobile Virtual Network Operator in Malaysia.
WHEREAS, the Licensor agrees to license the trademarks to the Licensee in accordance with the terms and conditions set forth herein and the Licensee agrees to accept the license on the terms and conditions set forth herein;
NOW, THEREFORE, the parties through mutual negotiations agree as follows:
1. Grant of License
1.1 Trademark license
Upon the terms and conditions hereinafter set forth, the Licensor hereby grants a general license to the Licensee for part of or all of its trademark as defined in Appendix 1, and the Licensee hereby accepts the general license to use the trademark as defined in Appendix 1, including all the trademarks, any part of the trademark, and any design, character, symbol, and visual representation of the trademark (collectively the "Trademarks"). The license hereunder is non-exclusive.
1.2 Territory
1.2.1 The use of the Trademarks granted by Licensor to Licensee extends only to the scope of the business of value added telecommunication services operated by the Licensee. The Licensee agrees that it will not make, or authorize any use, direct or indirect, of the Trademarks by any other means, unless there are opposite stipulations in this Agreement.
1.2.2 The license hereby granted extends only to China, the PRC. The Licensee agrees that it will not make, or authorize any use, direct or indirect of the Trademarks in any other area.
2. Terms of Payment
The Licensee agrees to pay to the Licensor a license fee and the details of license fee and the form of payment are set forth in Appendix 2.
3. Goodwill
The Licensee recognizes the goodwill associated with the Trademarks, and acknowledges that the Trademarks and all intellectual property rights therein and goodwill pertaining thereto shall be the sole and exclusive property of the Licensor, and that the Trademarks have a secondary meaning in the mind of the public.
4. Confidentiality
4.1 The Licensee shall protect and maintain the confidentiality of any and all confidential data and information acknowledged or received by the Licensee by accepting licensing of the Trademarks from the Licensor (collectively the "Confidential Information"). Upon termination or expiration of this Agreement, the Licensee shall, at the Licensor's option, return all and any documents, information or software contained any of such Confidential Information to the Licensor or destroy it and delete the Confidential Information from any electronic devices and cease to use them. The Licensee shall not disclose, grant or transfer any Confidential Information to any third party without the Licensor's prior written consent.
4.2 The parties agree that Section 4.1 shall survive any amendment expiration or termination of this Agreement.
5. Representations and Warranties
5.1 The Licensor represents and warrants as follows:
5.1.1 the Licensor has full right, power, authority and capacity and all necessary consents and approvals of any other third party and government to execute and perform this Agreement, which shall not be against any enforceable and effective laws or contracts;
5.1.2 the Agreement will constitute a legal, valid and binding agreement of the Licensor and will be enforceable against the Licensor in accordance with its terms upon its execution;
5.1.3 the Licensor has the exclusive ownership of the Trademarks.
5.2 The Licensee represents and warrants as follows:
5.2.1 the Licensee, subject to its business scope, is a company duly registered and validly existing under the laws of Texas, USA;
5.2.2 the Licensee has full right, power, authority and capacity and all necessary consents and approvals of any other third party and government to execute and perform this Agreement, which shall not be against any enforceable and effective laws or contracts;
5.2.3 the Agreement will constitute a legal, valid and binding agreement of the Licensee and will be enforceable against the Licensee in accordance with its terms upon its execution.
6. The Licensor's Right of Licensing and Protection of the Licensor's Rights
6.1 The Licensee agrees that it will not during the term of this Agreement, or thereafter, attack the right of licensing or any rights of the Licensor in and to the Trademarks or attack the validity of this license or otherwise take or fail to take any action that impairs such rights or license.
6.2 The Licensee agrees to assist the Licensor to the extent necessary in the procurement of any protection or to protect any of the Licensor's rights to the Trademark. In the event any third party lodges a claim concerning the Trademarks, the Licensor, if it so desires may commence or prosecute any claims or suits in its own name or in the name of the Licensee or join the Licensee as a party thereto. In the event any third party infringes on the above mentioned Trademarks, the Licensee shall notify the Licensor in writing of any infringements or imitations by others of the Trademarks which may come to the Licensee's attention, and the Licensor shall have the sole right to determine whether or not any action shall be taken on account of any such infringements.
6.3 The Licensee further agrees to use the Trademarks only in accordance with this Agreement and shall not use such Trademarks in any way, which, in the opinion of the Licensor, is deceptive, misleading or in any way damages such Trademarks or the reputation of the Licensor.
7. Quality
The Licensee shall use its reasonable best efforts to improve the quality of Trademarks, so to protect and enhance the reputation of the Trademarks.
8. Promotion
In all cases where the Licensee makes promotion material involving the Trademarks, the production cost of such material thereof shall be borne by the Licensee. All copyrights or other intellectual property rights of such material concerning the Trademarks thereto shall be the sole and exclusive property of the Licensor whether developed by the Licensor or the Licensee. The Licensee agrees not to advertise or publicize any of the Trademarks on radio, television, papers, magazines, Internet or otherwise without prior written consent of the Licensor.
9. Effective Date and Term
9.1 This Agreement has been duly executed by their authorized representatives of the parties as of the date first set forth above and shall be effective simultaneously. The term of this Agreement is one (2) years unless earlier terminated as set forth below.
9.2 This Agreement may be extended for an additional year if the Licensor gives the Licensee its written consent of the extension of this Agreement before the expiration of this Agreement. However, the Licensee has no right to confirm such extension.
10. Termination
10.1 Termination on Expiration.
This Agreement shall expire on the earlier date of the date due or the date when the Licensor's right of licensing attached in Appendix I expires, unless this Agreement is extended as set forth above.
10.2 Early Termination
Without prejudice to any legal or other rights or remedies of the party who asks for termination of this Agreement, any party has the right to terminate this Agreement immediately with written notice to the other party in the event the other party materially breaches this Agreement including without limitation Section 6.1, 6.2 and 6.3 of this Agreement and fails to cure its breach within 30 days from the date it receives written notice of its breach from the non-breaching party.
During the term of this Agreement, the Licensor or the Licensee may terminate this Agreement at any time with a written notice to the Licensee 30 days before such termination.
10.3 Survival.
Articles 3, 4, 6, 13, and 14 shall survive after the termination or expiration of this Agreement.
11. Force Majeure
11.1 Force Majeure, which includes acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning, war, means any event that is beyond the party's reasonable control and cannot be prevented with reasonable care. However, any shortage of credit, capital or finance shall not be regarded as an event of Force Majeure. The party affected by Force Majeure shall notify the other party without delay.
11.2 In the event that the affected party is delayed in or prevented from performing its obligations under this Agreement by Force Majeure, only within the scope of such delay or prevention, the affected party will not be responsible for any damage by reason of such a failure or delay of performance. The affected party shall take appropriate means to minimize or remove the effects of Force Majeure and attempt to resume performance of the obligations delayed or prevented by the event of Force Majeure. After the event of Force Majeure is removed, both parties agree to resume performance of this Agreement with their best efforts.
12. Notices
Notices or other communications required to be given by any party pursuant to this Agreement shall be deemed to be duly given when it is delivered personally or sent by registered mail or postage prepaid mail or by a recognized courier service or by facsimile transmission to the address of the relevant party or parties set forth below.
| Licensor: | Xxxxxxx Puzi Bin Khalid |
| Address: | Xxx. 000, Xxxxx Xxxxx, Xx. Xxxxxxx Xxxxxx, 00000, Xxxxxxx Xxxxxxxx, Xxxxx, Xxxxxxxx |
| Licensee: | Median Group Inc. (formerly known as Clixster Mobile Group Inc.) |
| Address: | Xxxxx 0, Xxxxx0, Xxxxxx 5, The Horizon Bangsar South, Xx. 0 Xxxxx Xxxxxxxx, 00000, Xxxxx Xxxxxx, Xxxxxxxx |
13. No Assignment or Sublicense by the Licensee
This Agreement and all the rights and duties hereunder are personal to the Licensee. The Licensee agrees that it will not assign, lease, pledge, sublicense, or in any other way transfer the economic benefits of the license granted hereby or any portion of the rights included therein to any third party without the prior written consent of the Licensor.
14. Applicable Law
The validity, interpretation and implementation of this Agreement shall be governed by the laws of Malaysia.
15. Amendment and Supplement
Any amendment and supplement of this Agreement shall come into force only after a written agreement is signed by both parties. The amendment and supplement duly executed by both parties shall be part of this Agreement and shall have the same legal effect as this Agreement.
16. Severability
Any provision of this Agreement which is invalid or unenforceable because of violating the relevant laws in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability, without affecting in any way the remaining provisions hereof.
17. Appendices
The Appendices referred to in this Agreement are an integral part of this Agreement and have the same legal effect as this Agreement.
IN WITNESS THEREOF the parties hereto have caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the date first set forth above.
SIGNED by Xxxxxxx Puzi Bin Khalid in the presence of: |
) ) By: /s/ Xxxxxxx Puzi Bin Khalid ) |
SIGNED by for and on behalf of Median Group Inc. in the presence of: |
) ) ) By: /s/ Xxxxxx Xxxx Xxx ) |
Appendix 1
Trademark
Appendix 2
Licensee should pay for USD 5,000 to Licensor as a license fee at the commencement of the second year provided that this Agreement has not been terminated.
