COPYRIGHT ACQUISITION AGREEMENT

Exhibit 99.1

This COPYRIGHT ACQUISITION AGREEMENT (“Agreement”), dated as of December 17, 2023, is made by and between Nine Star Parties and Entertainment LLC, an Ohio limited liability company (“Seller”), Color Star DMCC, a United Arab Emirates Corporation with offices located at Unit No. 3376 DMCC Business Center Level No. 1 Jewelry & Gemplex 3 Dubai (“Buyer”), and Color Star Technology Co., Ltd. (“ADD”), a Cayman Islands exempt company with offices located at 0 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000, Xxx Xxxx, XX 00000.

WHEREAS, Buyer is a wholly owned subsidiary of ADD.

WHEREAS, Seller wishes to sell to Buyer, and Xxxxx wishes to purchase from Seller, all of Seller’s right, title, and interest in and to certain Works (as defined below), including all copyrights and related rights in the Works, subject to the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Purchase and Sale of Copyrights. Subject to the terms and conditions set forth herein, Seller hereby irrevocably sells, assigns, transfers, and conveys to Buyer, and Buyer hereby accepts, all of Seller’s right, title, and interest in and to the following (collectively, “Acquired Rights”):

(a) all copyrights in the 24 pieces of music works made by Seller (“Works”) listed in Schedule 1, whether registered or unregistered, arising under any applicable law of any jurisdiction throughout the world or any treaty or other international convention, including but not limited to, the right (i) to reproduce the Works in copies or phonorecords; (ii) to prepare derivative works based upon the Works; (iii) to distribute copies or phonorecords of the Works to the public by sale or other transfer of ownership, or by rental, lease, or lending; (iv) to perform the Works publicly; and (v) to display the Works publicly (collectively, “Acquired Copyrights”);

(b) all claims and causes of action with respect to any of the foregoing arising under any applicable law, treaty, or other international convention throughout the world, whether accruing before, on, or after the date hereof including all rights to and claims for damages, restitution, and injunctive and other legal and equitable relief for past, present, and future infringement, misappropriation, violation, breach, or default; and

(c) all other rights, privileges, and protections of any kind whatsoever of Seller accruing under any of the foregoing provided by any applicable law, treaty, or other international convention throughout the world.

2. No Liabilities. Buyer neither assumes nor is otherwise liable for any obligations, claims, or liabilities of Seller of any kind, whether known or unknown, contingent, matured, or otherwise, whether currently existing or hereafter arising (collectively, “Excluded Liabilities”).

3. Purchase Price.

(a) The aggregate purchase price for the Acquired Rights shall be $7,200,000 USD (the “Purchase Price”).

(b) Xxxxxx agrees and acknowledges that the Purchase Price may be paid through the issuance of 24,000,000 restricted ordinary shares, par value $0.04 per share (“Ordinary Shares”), issued by Color Star Technology Co., Ltd. (NASDAQ symbol of ADD) (the “Restricted Shares” or “Payment”) as substitute consideration for the payment of $7,200,000 USD calculated at a price of $0.3 USD per share. Seller shall be entitled to appoint any agent (“Agent”) to receive such Restricted Shares.

(c) Within ten (10) business days from parties’ full execution of this Agreement, Buyer shall deliver or cause to be delivered to the Seller, mutually agreed upon by the parties, the Restricted Shares.

(d) ADD and the Buyer shall consent to remove the restriction on 24,000,000 Restricted Shares after the recordation of the Works in the name of Buyer or any party designated by Buyer, in the records of the United States Copyright Office (“US Copyright Office”), provided that a minimum of six (6) months has elapsed since the Restricted Shares have been held by Rich America so as to satisfy the holding period requirement set forth in paragraph (d) of Rule 144 of the Securities Act of 1933.

4. Deliverables. Upon execution of this Agreement, Seller shall deliver to Buyer the following:

(a) an assignment in the form set out in Exhibit A (the “Assignment”) and duly executed by Xxxxxx, transferring all of Seller’s right, title, and interest in and to the Acquired Rights to Buyer; and

(b) the complete prosecution files, if any, for all Acquired Copyrights in such form and medium as requested by Xxxxx and all such other documents, correspondence, and information as are reasonably requested by Buyer to register, own, or otherwise use the Acquired Rights.

5. Moral Rights. Seller shall have provided to Buyer, on or before execution of this Agreement, a written, absolute, irrevocable waiver, in favor of Xxxxx, from each individual who is an author (sole or joint) of any of the Works, in relation to all rights of paternity, integrity, attribution, disclosure, withdrawal, and any other rights that may be known as “moral rights” (“Moral Rights”) vested in such author in relation to the Works.

6. Further Assurances; Recordation.

(a) From and after the date hereof, each of the parties hereto shall execute and deliver such additional documents, instruments, conveyances, and assurances, and take such further actions, as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement and the documents to be delivered hereunder.

(b) Without limiting the foregoing, and without limiting Section 4(a), Seller shall execute and deliver to Buyer, such assignments and other documents, certificates, and instruments of conveyance in a form satisfactory to Buyer and suitable for filing with the US Copyright Office and the registries and other recording governmental authorities in all applicable jurisdictions (including with respect to legalization, notarization, apostille, certification, and other authentication) as necessary to record and perfect the Assignment, and to vest in Buyer all right, title, and interest in and to the Acquired Rights in accordance with applicable law. As between Seller and Buyer, Buyer shall be responsible, at Xxxxx’s expense, for filing the Assignment and other documents, certificates, and instruments of conveyance with the applicable governmental authorities; provided that, upon Buyer’s request, Seller shall take such steps and actions, and provide such cooperation and assistance, to Buyer and its successors, assigns, and legal representatives, including the execution and delivery of any affidavits, declarations, oaths, exhibits, assignments, powers of attorney, or other documents, as may be necessary to effect, evidence, or perfect the registration and assignment of the Acquired Rights to Buyer, or any of Buyer’s successors or assigns.

7. Representations and Warranties of Seller. Seller represents and warrants to Buyer that the statements contained in this Section 7 are true and correct as of the date hereof.

(a) Authority of Seller; Enforceability. Seller is duly organized, validly existing, and in good standing as a limited liability company as represented herein under the laws of its jurisdiction of organization. Seller has the full right, power, and authority to enter into this Agreement and perform its obligations hereunder. The execution, delivery, and performance of this Agreement by Seller’s representative whose signature is set forth herein has been duly authorized by all necessary organizational action of Seller and, when executed and delivered by both parties, this Agreement will constitute a legal, valid, and binding obligation of Seller, enforceable against Seller in accordance with its terms and conditions.

(b) No Conflicts; Consents. The execution, delivery, and performance by Seller of this Agreement, and the consummation of the transactions contemplated hereby, do not and will not: (i) violate or conflict with the by-laws, or other organizational documents of Seller; (ii) violate or conflict with any judgment, order, decree, statute, law, ordinance, rule, or regulation; (iii) conflict with, or result in (with or without notice or lapse of time or both), any violation of or default under, or give rise to a right of termination, acceleration, or modification of any obligation or loss of any benefit under, any contract or other instrument to which this Agreement or any of the Acquired Rights are subject; or (iv) result in the creation or imposition of any encumbrances on the Acquired Rights. No consent, approval, waiver, or authorization is required to be obtained by Seller from any person or entity (including any governmental authority) in connection with the execution, delivery, and performance by Seller of this Agreement, or to enable Buyer to register, own, and use the Acquired Rights.

(c) Ownership. Seller owns all right, title, and interest in and to the Acquired Rights, free and clear of liens, security interests, and other encumbrances. Seller is in full compliance with all legal requirements applicable to the Acquired Rights and Seller’s ownership and use thereof.

(d) Status of the Works. The Works are original except for (i) material in the public domain, and (ii) those excerpts from other works as maybe included with the written permission of the copyright owners. The Works (i) are unpublished and no applications to register the copyrights therein have been made to date; (ii) have not been publicly performed in any manner; (iii) do not contain any defamatory material or injurious instructions; (iv) do not violate any right of privacy or any other right of any other person; and (v) are not in the public domain.

(e) Validity and Enforceability. The Acquired Rights are valid, subsisting, and enforceable in all applicable jurisdictions.

(f) Non-Infringement. The registration, ownership, and/or exercise of the Acquired Rights did not, do not, and will not infringe, misappropriate, or otherwise violate the intellectual property or other rights of any third party or violate any applicable regulation or law. No person has infringed, misappropriated, or otherwise violated, or is currently infringing, misappropriating, or otherwise violating, any of the Acquired Rights.

(g) Legal Actions. There are no actions settled, pending, or threatened (including in the form of offers to obtain a license): (i) alleging any infringement, misappropriation, or other violation of the intellectual property rights of any third party based on the use or exploitation of any Acquired Rights; (ii) challenging the validity, enforceability, registrability, or ownership of any Acquired Rights or Seller’s rights with respect thereto; or (iii) by Seller alleging any infringement, misappropriation, or other violation by any third party of any Acquired Rights.

(h) Licenses. The Seller has not licensed or authorized the publication or performance of the Works in any manner and has not entered into any agreements or granted any rights, the performance of which would in any way prevent, limit or restrict the performance of any of the terms of this Agreement.

8. Indemnification.

(a) Survival. All representations, warranties, covenants, and agreements contained herein and all related rights to indemnification shall continue in full force and effect following the date hereof regardless of the expiration or termination of this Agreement.

(b) Seller shall defend, indemnify, and hold harmless Buyer, Xxxxx’s affiliates, and their respective shareholders, directors, officers, employees, agents, licensees, successors, and assigns (each, a “Buyer Indemnified Party”) from and against all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, fees, costs, or expenses of whatever kind, including attorneys’ fees, the cost of enforcing any right to indemnification hereunder, and the cost of pursuing any insurance providers (collectively, “Losses”) arising out of or in connection with any third-party claim, suit, action, or proceeding (each, a “Third-Party Claim”) related to any: (i) actual or alleged inaccuracy in or breach or non-fulfillment of any representation, warranty, covenant, agreement, or obligation of Seller contained in this Agreement or any document to be delivered hereunder; (ii) Excluded Liabilities; or (iii) Seller’s breach of any of its obligations hereunder.

(c) A Buyer Indemnified Party shall promptly notify the Seller upon becoming aware of a Third-Party Claim with respect to which Seller is obligated to provide indemnification under this Section 8 (“Indemnified Claim”). Seller shall promptly assume control of the defense and investigation of the Indemnified Claim, with counsel reasonably acceptable to the Buyer Indemnified Party, and the Buyer Indemnified Party shall reasonably cooperate with Seller in connection therewith, in each case at Seller’s sole cost and expense. The Buyer Indemnified Party may participate in the defense of such Indemnified Claim, with counsel of its own choosing and at its own cost and expense. Seller shall not settle any Indemnified Claim on any terms or in any manner that adversely affects the rights of any Buyer Indemnified Party without the Buyer Indemnified Party’s prior written consent. If Seller fails or refuses to assume control of the defense of such Indemnified Claim, the Buyer Indemnified Party shall have the right, but no obligation, to defend against such Indemnified Claim, including settling such Indemnified Claim after giving notice to Seller, in each case in such manner and on such terms as the Buyer Indemnified Party may deem appropriate. Neither the Buyer Indemnified Party’s failure to perform any obligation under this Section 8(c) nor any act or omission of the Buyer Indemnified Party in the defense or settlement of any Indemnified Claim shall relieve Seller of its obligations under this Section 8, including with respect to any costs incurred by the Buyer Indemnified Party in defending such Indemnified Claim and any other Losses.

9. Equitable Remedies. Seller acknowledges that: (a) a breach or threatened breach by Seller of any of its obligations under this Agreement would give rise to irreparable harm to Buyer for which monetary damages would not be an adequate remedy; and (b) if a breach or a threatened breach by Seller of any such obligations occurs, Buyer will, in addition to any and all other rights and remedies that may be available to such party at law, at equity, or otherwise in respect of such breach, be entitled to equitable relief, including a restraining order, an injunction, specific performance, and any other relief that may be available from a court of competent jurisdiction, without any requirement to: (i) post a bond or other security; or (ii) prove actual damages or that monetary damages will not afford an adequate remedy.

10. Confidentiality. The parties shall have keep the monetary payment provided in this Agreement confidential.

11. Miscellaneous.

(a) Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability will not affect the enforceability of any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.

(b) Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

(c) Governing Law and Arbitration. This Agreement and all matters arising out of or relating to this Agreement, including tort and statutory claims, are governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any conflict of laws provisions thereof that would result in the application of the laws of a different jurisdiction. Given the international nature of this Agreement, any and all disputes arising out of or related to this Agreement shall be resolved by binding arbitration to be conducted in the English language in New York, New York under the administration of the International Centre for Dispute Resolution (ICDR) pursuant to the ICDR International Arbitration Rules. Any award resulting from the arbitration shall be binding and enforceable in courts of applicable jurisdiction. The parties further agree that any court proceedings with respect to this Agreement shall be held in the United States District Court for the Southern District of New York or, if federal jurisdiction is not available, in a state court located in New York County, New York and the parties consent to the jurisdiction of the federal and state courts in and for the State of New York, New York County.

(d) Entire Agreement. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous written or oral understandings, agreements, representations, and warranties with respect to such subject matter. There are no restrictions, promises, representations, warranties, covenants or undertakings, other than those expressly set forth or referred to herein or the documents or instruments referred to herein, which collectively supersede all prior agreements and the understandings among the parties with respect to the subject matter contained herein.

(e) Severability. The invalidity, illegality, or unenforceability of any provision herein does not affect any other provision herein or the validity, legality, or enforceability of such provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties will substitute for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

(f) Amendment. The parties may not amend this Agreement except by written instrument signed by the parties.

(g) Waiver. No waiver of any right, remedy, power, or privilege under this Agreement (“Right(s)”) is effective unless contained in a writing signed by the party charged with such waiver. No failure to exercise, or delay in exercising, any Right operates as a waiver thereof. No single or partial exercise of any Right precludes any other or further exercise thereof or the exercise of any other Right. The Rights under this Agreement are cumulative and are in addition to any other rights and remedies available at law or in equity or otherwise. This Agreement is binding upon and inures to the benefit of the parties and their respective successors and permitted assigns. Except for the parties, their successors and permitted assigns, there are no third-party beneficiaries under this Agreement.

(h) Counterparts. The parties may execute this Agreement in counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument. Delivery of an executed counterpart’s signature page of this Agreement by facsimile, email in portable document format (.pdf), or by any other electronic means (including DocuSign) intended to preserve the original graphic and pictorial appearance of a document has the same effect as delivery of an executed original of this Agreement.

[signature page follows]

IN WITNESS WHEREOF, Xxxxxx and Xxxxx have caused this Agreement to be executed as of the date first written above by their respective duly authorized officers.

	Nine Star Parties and Entertainment LLC

	By:	/s/ Xxxxxx Xxxxxxx
	Name:	Xxxxxx Xxxxxxx
	Title:	CEO

	Color Star DMCC

	By:	/s/ Xx Xx
	Name:	Xx Xx
	Title:	CEO

	Color Star Technology Co., Ltd.

	By :	/s/ Xxxxxxxx Xxx
	Name:	Xxxxxxxx Xxx
	Title:	CEO

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COPYRIGHT ACQUISITION AGREEMENT

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