English Translation of
English
Translation of
This
Termination of the Letter of Patent Use Authorization is entered into on March
11, 2008 by and among Beijing Huiyuan Duoyuan Digital Printing Technology
Research Institute ("Huiyuan")
and
Duoyuan Digital Printing Technology Industries (China) Co. Ltd ("Duoyuan
China";
together with Huiyuan, the "Parties").
WHEREAS,
Huiyuan signed a letter of patent use authorization on June 30, 2001
("Patent
Use Authorization Letter")
under
which Duoyuan China may permanently use on a free-of-charge basis the patent
for
a device for quick automatic cleaning of oil lines of offset printing machines
(the "Patent"),
which
was granted the patent number of ZL 00254747.3 by the State Intellectual
Property Office of China ("SIPO")
on
September 12, 2001;
WHEREAS,
Huiyuan has, pursuant to a Patent Assignment Agreement dated December 26, 2002,
assigned all its rights in the Patent to Duoyuan China; and the procedure for
the assignment has been completed at the SIPO.
NOW,
THEREFORE, both Parties hereby agree as follows:
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1.
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No
Claim.
Duoyuan China represents to Huiyuan that there is no pending or potential
claim, demand or cause of action
against Duoyuan China in respect of the Patent, and Huiyuan represents
to
Duoyuan China that there
is no pending or potential claim, demand or cause of action
against Huiyuan in respect of the
Patent.
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2.
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Termination.
The Patent Use Authorization Letter shall be terminated immediately
and
entirely, and shall cease to have any legal effect whatsoever in
respect
of the Patent. Effective immediately upon the execution of this agreement,
Duoyuan China shall have all the rights and interests in the Patent
to the
extent permitted under the laws and regulations of the People's Republic
of China.
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3.
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Entire
Agreement.
This agreement contains the entire understanding of the Parties with
respect to the subject matter hereof and supersedes all prior agreement
and understanding with respect to such matters which the Parties
acknowledge have been merged into this
agreement.
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IN
WITNESS WHEREOF, both Parties have executed and delivered this agreement as
of
the dated first above written.
Beijing
Huiyuan Duoyuan Digital Printing Technology Institute
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By:
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/s/ Xxxxxx Xxx |
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Name:
Xxxxxx Xxx
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Title:
Chairman
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Duoyuan
Digital Printing Technology Industries (China) Co. Ltd
| /s/ Xxxxxx Xxx | |
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Name:
Xxxxxx Xxx
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