CERAMAGLASS TRADEMARK & INTELLECTUAL PROPERTY AGREEMENT
This TRADEMARK & INTELLECTUAL PROPERTY AGREEMENT executed and delivered as of
May 8, 1998 by and between CONVERSION TECHNOLOGIES INTERNATIONAL, INC., A
Delaware corporation ("CIT"), and VANGKOE INDUSTRIES INC., a Florida corporation
("VANGKOE");
WITNESSETH:
WHEREAS, CTI and VANGKOE enter into a Trademark & Intellectual Property
Agreement ("TIPA") dated as of May 8, 1998 and
WHEREAS, VANGKOE warrants that it has unencumbered ownership and rights to
transfer the United States government issued Trademark for CERAMAGLASS, and that
it is free and clear from liens, suits of any kind, attachments, or any other
known action and or challenge and
WHEREAS, VANGKOE Warrants that it has unencumbered ownership and rights to
transfer all the Intellectual Property concerning CERAMAGLASS, and that it is
free and clear from liens, suits of any kind, attachments, or any known action
and or challenge and
NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS:
1. ASSIGNMENT. VANGKOE will take all necessary actions as required by law to
transfer all its ownership, rights, privileges and use, in the Trademark
CERAMAGLASS to CTI as of May 8, 1998.
VANGKOE will take all necessary actions as required by law to transfer
all its ownership, rights, privileges and use, in all the Intellectual Property
for CERAMAGLASS to CTI as of May 8, 1998.
2. COMPENSATION. CTI agrees to compensate VANGKOE the sum of twenty-five
thousand dollars ($25,000.) for the CERAMAGLASS Trademark and Intellectual
Property. VANGKOE agrees to have any sums owed under this agreement to be offset
by amounts owed to and outstanding, if any, to APT before any sums will be paid
to VANGKOE.
3. TERMS.
(a) CTI will at its expense and cost seek to obtain the Registered Trademark
for CERAMAGLASS. Should CTI be unable to obtain a registered Trademark for
CERAMAGLASS within one year from this agreement, the twenty-five thousand
dollars paid to VANGKOE will be returned to CTI by offsetting and
deducting an equivalent amount against any royalties owed to VANGKOE until
the full $25,000 is paid back to CTI.
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(b) CTI will have all rights to use the name CERAMAGLASS and any and all
Intellectual Property associated with its name, to include but not to be
limited to advertising literature, promotional materials, samples,
formulas, price sheets, media pieces
and any and all other pertinent data relating to the product and Trademark
CERAMAGLASS whether or not a Trademark has been obtained by VANGKOE.
(c) This Trademark & Intellectual Property Agreement for CERAMAGLASS shall be
governed by and construed in and all of which together shall constitute
one and the same document.
(d) If any provision of this Agreement is invalidated by a Court of competent
jurisdiction, then all of the remaining provisions of this Agreement shall
remain in full force and effect.
(e) This Agreement constitutes the entire agreement between the parties hereto
with respect to the matters set forth herein and supersedes in its
entirety any and all agreements or communications, whether written or
oral, previously made in connection with the matters herein. Any agreement
to amend or modify the terms and conditions of this Agreement must be in
writing and executed by both parties hereto.
IN WITNESS WHEREOF, THE PARTIES HERETO HAVE CAUSED THEIR DULY AUTHORIZED
OFFICERS TO EXECUTE AND DELIVER THIS TRADEMARK AND INTELLECTUAL PROPERTY
AGREEMENT FOR CERAMAGLASS AS OF THE DATE FIRST WRITTEN ABOVE.
CONVERSION TECHNOLOGIES INTERNATIONAL, INC.
By: /s/ Xxxxxxx Amt
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Name: Xxxxxxx Amt
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Title: President
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VANGKOE INDUSTRIES, INC. WITNESS
By: /s/ Xxxx Xxxxxxxx By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx Xxxxxxxx Name: Xxxx X. Xxxxxxx
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Title: President
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