DEED OF ASSIGNMENTS OF
PATENTS and TRADE MARKS
BETWEEN
ASIAN LINK ENGINEERING LTD
AND
CVS TRAVELHOST INTERNATIONAL PTY. LTD,
Re'. GuestNet Internet: TV Product
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THIS DEED OF ASSIGNMENT is made the 1st day or November, 2000
BETWEEN: ASIAN LINK ENGINEERING LTD of 10/F, Flat 5, Xxx Xxxx Ind. Centre, 00
Xxxx Xxx Xxx Xxxxxx, Xxxxx Xxx, X .X. Xxxx Kong ("the Assignor") of
the first part
AND: CVS TRAVELHOST INTERNATIONAL PTY. LTD., 000 Xxxxx Xxxx, Xxxx Xxxxxx,
Xxxxxxx x, Xxxxx: Xxxxxx, PO Box 6911, Halfway House, Midrand, South
Africa, 1685 ("the Assignee") of the other part
BACKGROUND
A. The Assignor is the proprietor of the registered and pending patents ("the
Patents") and registered trade marks ("the Trade Marks" particulars of
which are set out in the Schedule.
B. The Assignor and the Assignee have entered into a sale and purchase
agreement dated November 1, 2000 ("the Xxx-. and Fu chase -Agreement")
whereby inter alia the Assignor has agreed with :he Assignee for certain
valuable consideration to assign and transfer to the Assignee all of the
Assignee's intellectual property rights to specified products and systems
within certain specified territories
OPERATIVE PROVISIONS
1. Pursuant to tie Sale anti Purchase Agreement and the abovementioned
consideration paid by the Assignee to the Assignor for the goodwill
attaching to the Assets and intellectual property rights is transferred
(the receipt of which the Assignor acknowledges) the Assignor sells assigns
transfers and sets over to the Assignee the Patents and Trademarks
specified in the Schedule to hold the same for the Assignee absolutely. The
Assignee has full power sole right and authority to apply for and obtain
entry of its name in the Register of Patents and Register of Trademarks
respectively.
2. The Assignor and the Assignee mutually covenant and agree that the Assignor
shall execute any and all documents which it may be called upon to execute
whether before or after completion of the Sale and Purchase Agreement in
order to give full effect to this assignment,
3. The Assignor assigns and transfers to the Assignee any and all of the
Assignors rights and remedies against others in relation to all and all
past present and future infringements of any and all of the rights in the
Patents and Trademarks.
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THE SCHEDULE
"THE PATENTS"
South Africa Patent No. 97/10365
Short title: "A Telecommunications Method and System" Issued already
claiming priority on the Australian Provisional Patent
Application: No. PO 3792, filed on 22 November, 1996
"THE TRADEMARKS"
The Assignor has no registered trademarks in the territories of Mexico or the
African continent.
The Assignee may have already made trademark applications or other arrangements
for the GuestNet name/mark in the territories.
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IN WITNESS WHEREOF the parties hereto have hereunto set their hands and seals
the day and year first hereinbefore written ________________________,
[ASSIGNOR]
/s/ [ILLEGIBLE] [SEAL]
THE COMMON SEAL of ASIAN LINK
ENGINEERING LTD, was affixed in accord a
with its Constitution in the
Presence of:
---------------------------------------- Director
/s/ [ILLEGIBLE] Director | Secretary
----------------------------------------
[ASSIGNEE]
THE COMMON SEAL of CVS )
TRAVELHOST ITERNATIONAL PTY. )
LTD. was affixed in accordance with its )
Constitution in the presence of; ) ...
Director
Director | Secretary
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