LICENSE AGREEMENT
Exhibit 6.35
THIS LICENSE AGREEMENT
(“Agreement”) is made and
entered into as of this 29th day of April, 2017, by and between
I|M1, LLC, a California limited liability company
(“Licensor”), and Xxxxx Xxxxxxxx, Inc., a Texas
corporation (“Licensee”).
RECITALS
A.
Licensor has the right and authority to license
certain trademarks and rights to the name, likeness, and visual
representation of “I’M1” and other marks and has
developed and used intellectual property (collectively, the
“I’M1 IP”) and is engaged in the licensing of the
property identified in the attached Exhibit
A, as well as multiple names,
likeness, and visual representations being known and recognized by
the public and associated in the public mind with Licensor
(hereinafter, with the I’M1 IP, collectively referred to as
the “Licensed Marks”, the “Licensed
Property” or the “Brand”).
B.
Licensor
is the owner, by assignment, of the name, nick name, image,
likeness, initials, xxxx, appearance, signature (including
reproduced signature), autograph, endorsement, voice, and
biographical material (including history, video and motion picture
film portrayals, and still photography), Internet domain names and
online social media user/screen names of the Licensed
Marks.
C.
Ms.
Xxxxx Xxxxxxx ("Ms. Ireland"), an internationally famous person and
designer with a highly favorable public image and strong, favorable
identity for branding; and a strong portfolio of multiple brands
and ambassadors, also with a highly favorable public image and
strong brand identities serves as Chief Brand Advisor of
Licensor.
D.
Licensee is an importer, manufacturer, distributor
and/or seller of products and desires to use the Licensed Marks in
the Channels of Distribution as contemplated in Exhibit
B.
AGREEMENT
In
consideration of the mutual promises herein contained, it is hereby
agreed:
1. DEFINITIONS
2.
The term
"Affiliate" of an individual or entity means any other individual
or entity that directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common
control with, such individual or entity.
3.
The term "Brand"
shall mean only the Licensed Products offered under the Licensed
Marks set forth in Exhibit
A.
4.
The term
“Channels of Distribution” shall mean only those
channels, which are listed and mutually agreed on Exhibit B attached hereto
and incorporated by reference herein. Exhibit B may only be modified,
supplemented, and/or amended by written agreement of the Parties as
provided herein.
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5.
The term
“Code of Conduct” shall refer to the Licensor’s
Human Rights – Code of Conduct, incorporated by this
reference as set forth in Exhibit C, with respect to
which Licensee agrees to fully comply in such form attached and as
it may be amended or updated by the Licensor from time to time upon
written notice to Licensee of such changes.
6.
The term
“Earned Royalty” or “Earned Royalties”
shall have that meaning set out in Section 5.2 below.
7.
The term
“Effective Date” shall mean the date this Agreement is
executed by Licensor as set forth above.
8.
The term
“Gross Sales” shall mean the gross amount billed (less
any and all sales, use or value added tax (VAT), Promotional
Products, rebates, Returns or discounts). No other costs incurred
in the manufacturing, selling, advertising, and/or distribution of
the Licensed Products shall be deducted.
9.
The term
“Initial Term” shall have the meaning set forth in
Section 4.
10.
The term
“Licensed Marks” shall mean the Brand and Licensed
Products set forth in Exhibit B, including, without
limitation, their likeness, visual representation and/or each of
the individual components thereof, and those trademarks, service
marks, logos, designs, and/or any other symbols/devices, which are
set forth in Exhibit
A attached hereto and incorporated by reference
herein.
11.
The term
“Licensed Products” shall mean only those items, which
are listed in Exhibit
B attached hereto. Exhibit B may only be modified,
supplemented, and/or amended by written agreement of the Parties as
provided herein.
12.
The Term
“Licensing Fee” shall have that meaning set out in
Section 5.1 below.
13.
The term
“Manufacturing Territory” shall mean the United States
(for clarity this excludes the sourcing of supplies and materials
used in the manufacturing process).
14.
The Term
“Millennium Development Goals” shall refer to the
Millennium Development Goals, incorporated by this reference as set
forth in Exhibit F,
with respect to which Licensee agrees to fully adopt, as well as
meaningfully contribute to, one or more of such goals either
economically or through other Licensee resources.
15.
The term
“Minimum Guaranteed Royalties” shall have the meaning
set forth in Section 5.5.
16.
The term
“Parties” (or “Party”) shall mean the
parties entering into this Agreement.
17.
The term
“Promotional Products” shall have the meaning set forth
in Section 7.6.
18.
The term
“Returns” shall mean any Licensed Product, which
Licensee accepts back from any customer after purchase and delivery
thereof and for which Licensee refunds the actual purchase price,
or issues a credit memo.
19.
The term
“Term” shall mean the Initial Term plus any extensions,
renewals of this Agreement or modifications thereof.
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20.
The term
“Termination Date” shall mean the date, whichever is
earliest, that (i) this Agreement (subject to any renewals or
extensions) expires by its own terms; (ii) is thirty (30) days
after receipt of notice of termination under Section 21; or
(iii) any other event occurs which terminates this Agreement
where no notice is required.
21.
The term
“Territory” shall mean United States of
America.
22.
The term
“Trade Discounts” shall mean any reductions or charge
backs in the wholesale sales price of any Licensed Product, and
actually granted by Licensee in writing to any customer prior to
delivery.
23. GRANT OF LICENSE
24.
Upon the terms and
conditions set forth herein, Licensor hereby grants to Licensee the
non-transferable right, license, and privilege, of using the
Licensed Marks solely for the sale, marketing and distribution of
the Licensed Products through the Channels of Distribution in the
Territory during the Term (with the exceptions as stated on
Exhibit B), and the
non-exclusive, non-transferable right, license, and privilege
of using the
Licensed Marks solely upon and in connection with the manufacture
of Licensed Products in the Manufacturing Territory.
25.
All proposed
Channels of Distribution and distribution outlets in Exhibit B shall be deemed
approved and any others shall be submitted in advance to Licensor
and shall be subject to Licensor’s prior written
approval.
26.
Licensee shall not
assign or sub-license the use of the Licensed Marks to any third
party without prior written approval by Licensor, and such right is
expressly withheld from this Agreement. In the event that Licensor
approves a sub-license to a third party, the Parties shall mutually
agree upon the terms and conditions of said sub-license, including
without limitation the royalty rate, in a separate writing signed
by the Parties.
27.
Licensee will not
be permitted to enter into any other branded relationship that
competes with Licensor’s Brand program under this Agreement
without the express prior written approval of
Licensor.
28. BRAND DEVELOPMENT
29.
Licensee will begin
shipping of Licensed Products no later than June 30th,
2017.
30.
Licensee agrees
that all names of Licensed Products are proprietary to
Licensor. More specifically, Licensor shall own all intellectual
property rights in the names used in the Licensed Products and
related materials and in all sketches, artwork and/or designs for
the Licensed Products and the related materials, at no cost to
Licensor, and to the extent Licensee has any rights in such
intellectual property, Licensee agrees to assign and does hereby
assign to Licensor (or any person or entity designated by Licensor)
all its right, title and interest as set forth above.
31.
Licensee agrees to
become a member and utilize (a) Send Out Cards, a customer contact
communication service, (b) Xxxxxxxxxx.xxx, (c) Dependable
Solutions, a product approval and royalty reports services, (d)
ireland pay, a merchant agreement service, and (e) any similar web
platform as may be utilized by Licensor from time to time as a
means of conducting Brand business and coordinating with Licensor
and other licensees.
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32. TERM
The
initial term (“Initial Term”) of the license hereby
granted shall commence on the Effective Date and shall be effective
through the fifth anniversary of the Effective Date, unless terminated sooner in accordance
with the provisions hereof.
33. LICENSING, ROYALTY AND OTHER FEES
34.
Licensing Fee. The licensing
fee (“Licensing Fee”) shall be payable as follows, upon
execution hereof, Licensee shall pay Licensor an amount equal to
Twelve Thousand Dollars (US $12,000), which shall be the Contract
Year 1 Minimum Guaranteed Royalty for Contract Year 1, as set forth
in Section 5.5. The Licensing Fee is an advance against any Earned
Royalty in Contract Year 1.
35.
Royalty. In consideration of
the grant hereunder, Licensee shall pay Licensor royalties in U.S.
dollars at a rate of four percent (4%) of 100% the Gross Sales for
all Licensed Products (excluding Promotional Products) sold under
the Licensed Marks (the “Earned Royalty”). Within
fifteen (15) days after the end of each month, Licensee shall
furnish to Licensor a complete sales and royalty report certified
to be accurate by the Chief Financial Officer of Licensee or by
some other authorized designee of Licensee showing the number,
description, and Gross Sales Price of the Licensed Products
distributed and/or sold by Licensee during the preceding month, as
well as the number of Licensed Products in inventory at the
beginning and end of the month along with payment of the royalties
due which shall be sent by wire transfer to the following
account:
Licensor:
I|M1, LLC
0000 Xxxxxx Xxxx, Xxx 000
Xxxxxxxxx, XX 00000
Domestic Wire:
ABA Bank Routing
Account Name: IM1, LLC
Account No.:
|
36.
Earned Royalty Report. For this
purpose, Licensee shall use the approved report form attached
hereto as Exhibit D
and incorporated by reference herein ("Earned Royalty Report").
Such report shall be furnished to Licensor whether or not any of
the Licensed Products have been sold during the preceding month.
Licensee shall tender both hard copy and Excel spreadsheet formats
of the Earned Royalty Report to Licensor. The number of Licensed
Products sold or distributed and Earned Royalty will be furnished
separately for each brand listed in Exhibit A in Excel spreadsheet
format to the Licensor and sent to the addresses set forth in
Section 21. The receipt or acceptance by Licensor of any of the
reports furnished by Licensee pursuant to this Agreement or of any
royalties paid by Licensee hereunder (or the cashing of any royalty
checks paid by Licensee hereunder) shall not preclude Licensor from
questioning the accuracy thereof at any time, and in the event that
any inconsistencies or mistakes are discovered in such reports or
payments, any inconsistency, mistake, or inaccuracy shall
immediately be rectified, and any appropriate payment due and owing
shall immediately be paid by Licensee to Licensor.
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37.
Late Payment. Any amount (i.e.,
Royalties, Minimum Guaranteed Royalties, marketing fees, brand
participation fee, etc.) not paid to Licensor when due under this
Agreement shall bear a late payment charge on the unpaid balance at
the rate of 1.5% per month, or the maximum amount permitted by law,
whichever is less.
38.
Minimum Guaranteed Royalties.
If the Earned Royalty for any month during a Contract Year is less
than the following minimum guaranteed royalties (“Minimum
Guaranteed Royalties”) on the schedule set out below (for
purposes hereof, a Contract Year shall be based on the annual
anniversary of the first day of the month immediately preceding the
Effective Date), then Licensee shall also pay Licensor the
difference between the Minimum Guaranteed Royalty and the Earned
Royalty on a monthly basis, as adjusted for the Licensing Fee in
Contract Year 1:
Contract
Year Number
|
Monthly
Minimum Guaranteed Royalty Payment
|
Payment
Due Date
|
Contract Year
1
|
$12,000
Licensing Fee
|
Effective
Date
|
Contract
Year 2
|
$2,000.00
|
on the
15th day of each month
|
Contract
Year 3
|
$4,000.00
|
on the
15th day of each month
|
Contract
Year 4
|
$6,000.00
|
on the
15th day of each month
|
Contract
Year 5
|
$8,000.00
|
on the
15th day of each month
|
39.
Minimum Guaranteed Royalties:
Application and Credit Carryover. Minimum Guaranteed Royalty
payments shall be only credited towards Earned Royalties in each
month of the Contract Year for which they apply (i.e., Licensee
receives credit towards Royalties for the Minimum Guaranteed
Royalty monthly payment made in that Contract Year). Credits for
Minimum Guaranteed Royalty payments do not carry over into future
months or Contract Years. The Parties understand and agree that
each payment, whether it is an Earned Royalty or the Minimum
Guaranteed Royalty amounts as set forth above, is a separate and
independent obligation.
40. ACCOUNTING
41.
Licensee agrees to
keep accurate books of account and records covering all
transactions relating to the license hereby granted, and Licensor
and its duly authorized representatives shall have the right, but
no more than twice a year, after giving reasonable notice at all
reasonable hours of the day to an examination of said books of
account and records relating to Licensee’s performance under
the Agreement, and of all other documents and materials in the
possession or under the control of Licensee or any of its
affiliated, associated, or subsidiary companies or agents, which is
the subject matter of the Earned Royalty Report and this Agreement
and make extracts therefrom. All books of account and records shall
be kept available for no less than Seven (7) years, or, as
long as required by the Internal Revenue Service, if longer than 7
years.
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42.
Each calendar year
in which this Agreement is in effect, and after expiration or
termination of this Agreement, Licensor shall be entitled to an
independent audit of and be given access to Licensee’s
account books, records, invoices and other pertinent data by a
certified public accountant or qualified auditor designated by
Licensor. The audit shall be conducted to determine
Licensee’s sales of Licensed Products, as well as all Returns
and trade discounts, and shall be conducted during normal business
hours at Licensee’s business office or location of such files
and records. The information provided in the audit shall be limited
to information concerning the results of the actual amount of the
royalty due and the amount of any royalty underpayment. The cost of
the audit shall be borne by Licensor unless the audit reveals that
Licensee understated sales and or royalties of Licensed Products by
more than five percent (5%), in which case Licensee shall be
required to pay all of Licensor’s costs of the audit. All
information and materials made available to or otherwise obtained
or prepared by or for the auditor in connection with such audit
shall be Licensee's confidential information, and Licensor shall
treat all such information in accordance with the confidentiality
provisions of this Agreement. If any such audit shows that any
payment made by Licensee is deficient, then Licensee shall pay
Licensor the deficient amount within five (5) business days after
Licensee's receipt of the audit report. If any such audit shows
that payments made by Licensee are in excess of the required
payment, the parties shall mutually agree on the form of such over
payment and, if no such agreement is reached, such amount may be
credited against future royalty payments due to
Licensor.
43. QUALITY ASSURANCE
44.
The quality of the
Licensed Products shall be consistent with or exceed the average of
similar products manufactured, distributed, and/or sold by
Licensee, shall serve to enhance Brand recognition of the Licensed
Products to the mutual benefit of the Parties, and shall be
suitable for the use for which they are intended.
45.
All Licensed
Products developed, manufactured and sold hereunder, and all
labels, hang tags, packaging, catalogs, brochures, publications,
printed matter, advertising, signs, promotional displays, websites,
webpages, video and sound recordings, online social media pages
(hereinafter the "Promotional Materials") and other forms of
publicity material for the Licensed Products, shall be subject to
Licensor’s written approval in advance of use, distribution,
marketing or sale
46.
All materials
submitted for approval to Licensor in a language other than English
will be accompanied by a complete and accurate English
translation.
47.
If any retail
customer of Licensee notifies Licensee or claims to Licensee that
there is a significant quality issue with any Licensed Products
sold to it by Licensee, Licensee shall notify Licensor in writing
of any such alleged quality issues within five (5) business days of
being notified by the retailer customer involved.
48.
Licensor shall
notify Licensee of consumer quality issues received by Licensor by
Licensor’s website. Licensee shall reply to applicable
consumers within forty-eight (48) hours of its receipt of the
issues from Licensor’s website.
49.
Licensor will have
the right to purchase products from the Licensee at best available
pricing, for personal use, Social Media Contests, giveaways, and
other promotional uses ("Promotional Products"). Products purchased
hereunder shall not be for commercial resale.
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50. DISPLAY OF MERCHANDISE
51.
If Licensee has a
showroom, Licensee agrees to maintain space in its showroom located
in various high traffic locations and dedicated to display of the
Licensed Products under the Brand. Licensee further agrees that the
Licensed Products shall be displayed at Licensee’s showroom
in a commercially reasonable manner that will enhance the
recognition of the Brand and the Licensed Products to the mutual
benefit of the Parties. The display of the Licensed Products shall
be subject to the written approval of Licensor prior to any display
thereof
52.
Licensee may
display and offer the Licensed Products on its own company or
business web page/site in a manner, which makes the Licensed
Products distinctive and enhances the recognition of the Brand and
the Licensed Products to the mutual benefit of the Parties.
Products other than Licensed Products bearing the Licensed Marks
may be displayed on the web page/site only with the written
approval of Licensor. Licensee shall provide a link from its web
page/site to Licensor’s web page/site. Licensor shall approve
any display of the Licensed Products bearing the Licensed Marks on
Licensee’s web page/site in writing prior to any display or
use thereof. Licensee shall establish its web page/site within
forty-five (45) days of the Effective Date of this Agreement and
shall update its web page/site as reasonably necessary to operate
its business. Licensee shall also provide institutional signage in
all warehouse locations.
53. LABELING
54.
Licensee agrees
that it will cause to appear on or within each Licensed Product
manufactured, sold, and/or distributed under this Agreement and on
or within all advertising, marketing, promotional, or display
material bearing the Licensed Marks, the appropriate trademark and
copyright notices, markings, and/or designations, and/or any other
notice requested by Licensor. In the event that any Licensed
Product is distributed and/or sold in a carton, container, packing
and/or wrapping material bearing the Licensed Marks, such notices
shall also appear upon the said carton, container, packing, and/or
wrapping material.
55.
The Parties further
agree that should any of the Licensed Products be distributed, or
sold without the appropriate or requested trademark and copyright
notices, markings, and/or designations, in addition to any other
rights it may have, Licensor may demand the removal of the
offending product from distribution and sale, and may remove that
product from the list of Licensed Products and may also terminate
this Agreement.
56. PROMOTIONAL MATERIAL
57.
To the extent that
Licensee advertises in trade publications to ensure retail
recognition for the Brand in the marketplace, Licensee agrees to
run full-page advertisements. Licensee will use its best efforts to
convey to the market that it is a licensee of the Brand, including
but not limited to placing signage depicting the Brand prominently
at Licensee's corporate offices and showrooms, and on Licensee's
corporate stationery, point of sale, marketing and other materials.
No advertising, marketing, promotional, and display materials, or
other artwork shall be used without prior written approval by
Licensor. The Parties further agree that all artwork and designs
involving the Licensed Marks shall be produced under appropriate
“work for hire” provisions, or are hereby assigned to
and shall remain the property of Licensor, notwithstanding their
creation by Licensee or others. Licensee shall ensure that, prior
to its utilizing any non-employees to create advertising,
marketing, promotional, and display materials or other artwork,
advertising copy, and/or other copyrightable materials related to
the Licensed Marks, such persons or entities shall have executed
the necessary valid agreements to convey the ownership and
copyrights to these items to Licensor.
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58. CONSULTATION
59.
Licensor and
Licensee agree to have meaningful consultation with each other
regularly throughout the Term of this Agreement and any renewal or
extension thereof.
60.
Ms. Ireland is the
Chief Brand Advisor of the Brand and Xxxxxx Xxxxxxx is the
Co-Founder of the Brand. In addition to the services provided by
the Brand Advisor and Co-Founder, Licensor hereby designates
Xxxxxxx Xxxxxxxxx, Xxxxx Xxxxxxx, Xxx Xxxxxxxx and Xxxxx Xxxxxx to
serve as liaisons with Licensee. Licensor may designate additional
members of the Licensor’s team to serve as its liaison with
Licensee. Licensor reserves the right to change, modify,
supplement, and/or alter this designation in any way and at any
time in its sole and unfettered discretion.
61. PROFESSIONAL CALENDAR
Licensee agrees to
provide Licensor with a professional calendar of all trade shows
and material sales promotions regarding the Licensed Products,
including but not limited to, acceptances and rejections of the
products, in order to allow the Parties the finest mutual
cooperation for sale of merchandise and public relations,
including, but not limited to any social media
strategy.
62. RECORDING AND FILMING – EE1
63.
Except as provided
herein, under no circumstance shall any recording be made by
Licensee or anyone acting on behalf of Licensee in any manner
whatsoever, whether on video or audio tape, film, celluloid, and/or
by any other means possible, of Ms. Ireland or Xx. Xxxxxxx in
connection with any appearance provided under this Agreement,
including without limitation all personal appearances and photo
sessions, without the express prior written approval of Licensor.
The creation of any content to be exploited in any media, now or
hereafter existing, pursuant to this Agreement shall be exclusively
provided by Encore Endeavor 1 LLC, a California limited liability
basis, on a “work for hire” basis with Licensor as the
sole owner of the results and proceeds of such
services.
64.
Ms. Ireland and
Xxxxx Xxxxxxx are union members of Guild/Union Requirements
(SAG-AFTRA) and Licensee will make payments accordingly for any
audio or visual recordings.
65. LICENSOR’S RIGHTS
66.
Nothing in this
Agreement shall be construed to prevent Licensor from granting any
other license for the use of the Licensed Marks or from utilizing
the Licensed Marks in any manner whatsoever.
67.
Licensee agrees
that rights not specifically granted to Licensee are reserved by
Licensor and may be freely exploited by Licensor without
limitation.
68. PROTECTION OF LICENSOR’S RIGHTS
69.
Licensee agrees
that during the term of this Agreement, or thereafter, it will not
register or attempt to register any of the Licensed Marks, nor will
Licensee form or incorporate any entity under a name that includes
the Licensed Marks. Licensee will not attack the title or any
rights of Licensor in and to the Licensed Marks or the Licensed
Products or attack the validity of this Agreement.
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70.
Licensee further
agrees to cooperate fully and in good faith with Licensor for the
purpose of securing and preserving Licensor’s rights in and
to the Licensed Marks.
71.
Licensee also
agrees to assist Licensor, at Licensor's sole expense, to the
extent necessary in the procurement of any protection or to protect
any of Licensor’s rights to the Licensed Marks.
72.
Licensee
acknowledges that Licensor has sole and exclusive ownership of all
right, title, and interest in and to the Licensed Marks and any
registrations that have been issued or may be issued
thereon.
73.
Nothing contained
in this Agreement shall give Licensee any right, title or interest
in or to the Licensed Marks except for the rights expressly
licensed by this Agreement, and subject to its terms and
conditions.
74.
Adaptations and
modifications of Licensed Marks prepared under this Agreement shall
be included as part of the Licensed Marks, including, without
limitation, Licensor’s ownership thereof.
75.
All registrations
for intellectual property, Internet domain names and social media
user/screen names in the Licensed Marks are to be applied for and
obtained exclusively in Licensor’s name. Licensee shall not
file or register any intellectual property applications or seek any
Internet domain name and/or social media user/screen name
registration in the Licensed Marks, Licensed Products or any
derivations, improvements, variations or modification thereof,
without Licensor’s prior written approval.
76.
Licensee shall
notify Licensor, or its designated representative, prior to
entering into any agreement with any individual, company or
business, for sales outside the United States of any Licensed
Product, to permit the timely filing of foreign and/or
international trademark and copyright applications, or other
intellectual property protection, covering the Licensed Marks, in
Licensor’s sole discretion.
77.
Licensee agrees to
cooperate fully and in good faith with Licensor for the purpose of
securing and preserving Licensor’s rights in and to the
Licensed Marks. In the event there has not been a previous
registration of any Licensed Xxxx and/or any material relating
thereto for a particular Licensed Product, Licensor may register
and maintain, at Licensee's expense, trademarks and/or service
marks in the appropriate class(es) and/or copyrights in the name of
Licensor. Licensee is not permitted to register any copyright,
trademark, and/or service xxxx on behalf of Licensor. It is further
agreed that nothing contained in this Agreement, and no act or
omission by Licensor and/or by Licensee shall be construed as an
assignment or grant to Licensee of any right, title, or interest in
or to the Licensed Marks, it being understood that all rights
relating thereto are reserved by Licensor, except for the license
hereunder to Licensee of the right to use and utilize the Licensed
Marks only as specifically and expressly provided in this
Agreement.
78. WARRANTIES AND INDEMNIFICATION
79.
Licensor hereby
indemnifies Licensee and its officers, directors, employees, agents
successors and assigns ("Licensee Indemnified Party") and
undertakes to defend, hold it harmless against any claims or suits,
demands, losses, injuries, liabilities costs, judgments,
arbitration awards, license fees, settlement, damages and expenses
(including reasonable attorneys’ fees and costs, whether or
not any legal proceeding is commenced) (“Losses”)
arising out of or in connection with any third-party claim suit
action, or proceeding ("Third-Party Claim") relating to any actual
or alleged, trademark infringement, dilution, or other violation of
any intellectual property or other rights of any individual or
entity resulting from the use of the Licensed Marks by Licensee in
accordance with this Agreement.
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80.
Licensee shall
defend, indemnify, and hold Licensor and its officers, directors,
employees, agents successors and assigns (each, a "Licensor
Indemnified Party") (Licensee Indemnified Party and Licensor
Indemnified Party, collectively, “Indemnified Party”)
harmless against any and all Losses arising out of any Third-Party
Claim relating to any actual or alleged design, manufacture, sale,
purchase, use, advertising, marketing, and/or distribution of any
Licensed Product, whether for personal injury, product liability,
intellectual property infringement, dilution, misappropriation or
otherwise.
81.
An Indemnified
Party shall promptly notify the party from whom it is seeking
indemnification ("Indemnifying Party") upon becoming aware of a
Third-Party Claim under this Section 16 ("Indemnified Claim"). The
Indemnifying Party shall promptly assume control of the defense and
investigation of the Indemnified Claim, with counsel of its own,
and the Indemnified Party shall reasonably cooperate with the
Indemnifying Party in connection therewith, in each case at the
Indemnifying Party's sole cost and expense. The Indemnified Party
may participate in the defense of such Indemnified Claim, with
counsel of its own choosing and at its own cost and expense. The
Indemnifying Party shall not settle any Indemnified Claim without
such Indemnified Party's prior written consent (which consent shall
not be unreasonably withheld, conditioned, or delayed). If the
Indemnifying Party fails or refuses to assume control of the
defense of such Indemnified Claim, the Indemnified Party shall have
the right, but no obligation, to defend against such Indemnified
Claim, including settling such Indemnified Claim after giving
notice to the Indemnifying Party, in each case in such manner and
on such terms as the Indemnified Party may deem appropriate.
Neither the Indemnified Party's failure to perform any obligation
under this Section 16.3 nor any act or omission of the Indemnified
Party in the defense or settlement of any Indemnified Claim shall
relieve the Indemnifying Party of its obligations under this
Section 16.3, including with respect to any Losses, except to the
extent that the Indemnifying Party can demonstrate that it has been
materially prejudiced as a result thereof.
82.
Licensor makes no
representations or warranties with respect to the design,
manufacture, sale, purchase, use, marketing, and/or distribution of
any Licensed Product manufactured, sold, and/or distributed by
Licensee and disclaims any liability arising out of the design,
manufacture, sale, purchase, use, marketing, and/or distribution of
any Licensed Product, and any such express or implied warranties
are hereby disclaimed and Section 16.2 shall apply.
83.
Licensee represents
and warrants to Licensor that: (i) Licensee has the full power and
authority to enter into this Agreement on behalf of Licensee and to
perform all of Licensee’s material obligations pursuant to
this Agreement, and that the Licensed Products manufactured, sold,
and/or distributed by Licensee under this Agreement shall be
suitable for the purpose for which they are intended to be used and
shall comply with all applicable Federal, State, and local laws,
and industry standards, (ii)
Licensee will not harm or misuse the Licensed Property or bring the
Licensed Marks into disrepute, (iii) except as specifically
provided in this Agreement, Licensee will not create any expenses
chargeable to Licensor or Ms. Ireland without the express
prior written approval of Licensor, (iv) all Licensed Products (and
the content contained or used in the Licensed Products) designed,
developed, marketed, distributed, published, performed or sold by
Licensee pursuant to this Agreement do not, and will not, infringe
any intellectual property right or any personal right of any third
party, and (v) Licensee will not knowingly permit, do or commit any
act or thing that would degrade, tarnish or deprecate or disparage
the Licensed Property or Licensor’s or Ms. Ireland’s
public image in society or standing in the community, or prejudice
Licensor or Ms. Ireland and that it will terminate such activities
promptly upon written notice, and failure to do so constitutes a
material breach of this Agreement. Licensee acknowledges and agrees
that there are no warranties, guarantees, conditions, covenants, or
representations by Licensor as to marketability, fitness for a
particular purpose, or other attributes of the Licensed Products,
whether express or implied (in law or in fact), oral or
written.
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84.
Licensee shall
provide Licensor with prompt written notice of any lawsuits or
threatened lawsuits, or other significant developments,
investigations, claims, or final refusals in which Licensee is or
may be named as a party or for which Licensee is obligated or has
agreed to indemnify any party, and Licensee shall thereafter
provide Licensor with periodic written updates concerning relevant
developments in any such lawsuits as they arise.
85.
For purposes of
this Section 16, the term “Licensor” shall mean
Licensor and, without limitation, any of its agents, employees,
servants, representatives, parents, subsidiaries, Affiliates,
officials, directors, officers, shareholders, owners, attorneys,
divisions, branches, units, affiliated organizations, successors,
predecessors, contractors, assigns, and all persons acting by,
through, under, or in concert with them, past or
present.
86. INSURANCE
87.
Licensee represents that it has
obtained, and agrees to maintain, at its own expense, in full force
and effect at all times during which the Licensed Products are
being manufactured, sold, and distributed, insurance for bodily
injury, advertising injury, property damage, and product liability
from a recognized insurance company approved by Licensor, which is
qualified to do business in the State of California, providing
protection at least in the amount of $5,000,000 per
occurrence and $5,000,000 in the aggregate for Licensor and for
Licensee against any actions, claims, demands, lawsuits, loss,
costs, attorneys’ fees, damages, judgments, and liabilities
of any nature whatsoever relating to the Licensed Products. As
proof of such insurance, a fully paid certificate of insurance
naming Licensor (as defined above) as Licensee shall submit an
insured party to Licensor for Licensor’s prior written
approval before any Licensed Product is manufactured, sold, or
distributed. Any proposed change in certificates of insurance shall
be submitted to Licensor for its prior written approval. Licensor
shall be entitled to a copy of the prevailing certificate of
insurance, which shall be furnished to Licensor by Licensee. The
certificate(s) shall conform to the language requirements set out
in Exhibit E
attached hereto.
88.
For purposes of
this Section 17, the term “Licensor” shall mean
Licensor and, without limitation, any of its agents, employees,
servants, representatives, parents, subsidiaries, Affiliates,
officials, directors, officers, shareholders, owners, attorneys,
divisions, branches, units, affiliated organizations, successors,
predecessors, contractors, assigns, and all persons acting by,
through, under, or in concert with them, past or
present.
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89. INSOLVENCY; CHANGE OF CONTROL
90.
If Licensee files a
petition in bankruptcy or is adjudicated a bankrupt or if a
petition in bankruptcy is filed against Licensee, or if it becomes
dissolved, or becomes insolvent or unable to pay or discharge its
liabilities in the ordinary course of business, or if Licensee
assigns the whole or any substantial part of its assets or
undertakings for the benefit of creditors or makes an assignment
for the benefit of its creditors or any similar arrangement
pursuant to any federal or state law, compulsory or voluntarily, or
if a receiver or other similar officer is appointed for the whole
or any part of the assets or undertakings of Licensee or its
business, or if Licensee stops payment to its creditors generally,
or ceases or threatens to cease to carry on its business or any
substantial part thereof, or if Licensee merges or consolidates
with or into any other corporation, or directly or indirectly sells
or otherwise transfers, sells, or disposes of all or a substantial
portion of its business or assets, or if a third party who does not
own stock acquires a majority of the voting stock of Licensee,
Licensor may terminate this Agreement by giving notice to Licensee
of its intention to terminate and such termination shall be
effective immediately. In the event this Agreement is so
terminated, Licensee, its receivers, representatives, trustees,
agents, administrators, successors, and/or assigns shall have no
right to sell, exploit, or in any way deal with or in any Licensed
Products covered by this Agreement or any related advertising,
marketing, promotional, and display materials, including without
limitation cartons, containers, packing, and wrapping materials,
except with and under the special consent and instructions of
Licensor in writing, which they shall be obligated to
follow.
91.
In the event this
Agreement is so terminated under this Section 18, Licensee, its
receivers, representatives, trustees, agents, administrators,
successors, and/or assigns shall have no right to sell, exploit, or
in any way deal with or in any Licensed Products covered by this
Agreement or any related advertising, marketing, promotional, and
display materials, including without limitation cartons,
containers, packing, and wrapping materials, except with and under
the special consent and instructions of Licensor in writing, which
they shall be obligated to follow.
92. TERMINATION
93.
Except as otherwise
provided herein, in the event either party breaches or fails to
perform any of its material duties and obligations pursuant to the
terms of this Agreement, the non-breaching party shall have the
right to terminate this Agreement upon thirty (30) days’
notice in writing, and such notice of termination shall become
effective unless the breaching party shall remedy the breach within
the thirty (30) day period to the reasonable satisfaction of the
non-breaching party. The Parties agree to make a reasonable effort
to resolve any disputes or breaches prior to exercising the right
of termination.
94.
Termination of this
Agreement shall be without prejudice to any rights, which Licensor
may otherwise have against Licensee. Upon the termination of this
Agreement, notwithstanding anything to the contrary herein, all
royalties on sales theretofore made and any other monies owed,
shall become immediately due and payable, and all rights and
licenses granted hereunder shall cease and revert to Licensor.
Further, Licensee will withdraw or cancel any governmental filings
made on its behalf that include the Licensed Marks. Licensee shall
immediately cease and desist from using the Licensed Marks in any
way. Unless otherwise stated in this Agreement, Licensee shall have
no right to sell, exploit, or in any way deal with or in any
Licensed Products covered by this Agreement or any related
advertising, marketing, promotional, and display materials,
including without limitation cartons, containers, packing, and
wrapping materials, except with and under the special consent and
instructions of Licensor in writing, which they shall be obligated
to follow. Licensee shall immediately return any and all
Confidential Information of Licensor to Licensor, as well as
marketing and advertising materials bearing the Licensed Marks.
Upon expiration or termination of this Agreement, Licensee shall
have the right to dispose of all stocks of Licensed Products
bearing the Licensed Marks in its possession or in the course of
manufacture or production as of the date of expiration or
termination for a period of ninety days after the date of
expiration or termination (the "Sell-Off Period"), in each case, in
accordance with the terms and conditions of this Agreement. Any
royalty payment accruing during the Sell-Off shall be paid to
Licensor within thirty (30) business days after the expiration of
the Sell-Off Period.
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95.
Upon the natural
expiration or termination of this Agreement, neither Party shall
make any publicly disparaging comments regarding the other or its
business, whether written, oral, or electronic. This provision
shall survive the expiration or termination of this Agreement.
However, nothing herein shall limit either Party’s right to
arbitration or other judicial remedies as set out in this
Agreement.
96.
Licensee
acknowledges that a failure (except as otherwise expressly provided
herein) to cease the manufacture, sale, transmission, broadcast or
distribution of the Licensed Products upon the terminations or
expiration of this Agreement, except for the continuation of the
foregoing during the Sell-Off Period, will result in immediate and
irreparable damage to Licensor. Licensee further acknowledges that
there is no adequate remedy at law for such failure to cease
manufacture, sale or distribution, and in the event of such
failure, Licensor shall be entitled to equitable relief and such
further relief as a court or agency with jurisdiction may deem just
and proper.
97.
Upon termination or
expiration of this Agreement, all of the rights granted hereunder
to Licensee, and all rights, title and interest in and to the
Licensed Marks, including but not limited to, patent, industrial
design, copyright, trademark, service xxxx, trade dress and all
improvements, additions and changes thereto, trade secret rights,
and goodwill relating to the Licensed Marks, shall revert to
Licensor. Licensee agrees to promptly execute all documents that
may be reasonably necessary to effect the foregoing. This right and
obligation shall survive the terminations or expiration of this
Agreement.
98.
The rights and
obligations of the parties set forth in Section 16 (Warranties and
Indemnification), Section 25 (Governing Law), Section 26
(Confidentiality), Section 30 (Attorney's Fees) and Section 32
(Equitable Relief) and any right, obligation, or required
performance of the parties in this Agreement which, by its express
terms or nature and context is intended to survive termination or
expiration of this Agreement, will survive any such termination or
expiration.
99. FORCE MAJEURE
The
Parties shall be released from their obligations hereunder, and
this Agreement shall terminate in the event that governmental
regulations or other causes arising out of a state or national
emergency or war or causes beyond the control of the Parties render
performance impossible, and one Party so informs the other in
writing of such causes and its desire to be so released. In such
event, all royalties on sales and all other monies due, theretofore
made shall become immediately due and payable to
Licensor.
100. NOTICES
Any
notice, communication, statement, payment, or legal service of
process required or permitted under this Agreement shall be in
writing and shall be effective when hand delivered; or on the date
when the notice, communication, statement, payment, or legal
service of process is transmitted by confirmed electronic facsimile
(with a confirmation copy sent by mail); or the day after the
notice, communication, statement, payment, or legal service of
process is sent by reputable overnight air courier service (e.g.,
Federal Express). All such communications shall be sent to the
Parties at the notice addresses listed below or to such other
persons and the Parties to each other may designate notice
addresses as in writing.
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If to Licensor:
|
I|M1, LLC
0000 Xxxxxx Xxxx, Xxxxx 000
Xxxxxxxxx, XX 00000
704.490.7705 – C
704.362.6270 - O
Attention: Xxxx Xxxxxx - Secretary
and Xxxx Xxxxxxx - CFO
Email: xxxxxxx@xxxxxxxxxx.xxx
and xxxx@xxxxxxxxxxx.xxx
|
With a copy to:
|
Xxxx Xxxxxxxx
POB #1410
Xxxxxx Xxxxxx, XX 00000
Email: xxxxxxxxx@xxxxxxxxxxxxxxx.xxx
|
If to Licensee:
|
Xxxxx Xxxxxxxx, Inc.
0000 Xxx Xxxxxxx Xx.
Xxxxxx Xxxxx, 00000
Attention: Xxxxx X. van den Broeck
Email: xxxxxxx@xxxxxxxxxxxxx.xxx
|
With a copy to:
|
Xxxxxxxx Xxxxxxxx Xxxxxx Xxxxxxx PC
0000 Xxxxxx Xxxxxxx, Xxxxx 000
Xxxxx, Xxxxx 00000
Email: xxxxxxxxx@xxxxxxxxxxxxxxxxx.xxx
Attention: L. Xxxx Xxxxxxxx
|
101. NEGATION OF AGENCY
Licensee is an
independent contractor with respect to Licensor. Nothing contained
herein shall be deemed to create an agency, joint venture,
franchise, or partnership relation between the Parties, and neither
Party shall so hold itself out. Licensee shall have no right to
obligate or bind Licensor in any manner whatsoever, and nothing
contained in this Agreement shall give, or is intended to give, any
rights of any kind to any third person(s).
102. ASSIGNABILITY
103.
This Agreement
shall inure to the benefit of Licensor, its successors, and
assigns, but will be personal to Licensee, and shall be assignable
by Licensee only with the prior written consent of Licensor.
Licensee shall not mortgage, assign, sub-license, or otherwise
encumber this Agreement without the prior written consent of
Licensor. Licensor shall be entitled to assign this Agreement to
any third party with notice to Licensee, including any such
assignment in connection with the sale or transfer of
Licensor’s business, provided, however, that Licensor shall
have the option to terminate this Agreement in lieu of assignment
to any successor of Licensor’s business in connection with
any such sale or transfer.
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104.
Notwithstanding the
Sell-Off Period, in the event Licensor terminates this Agreement in
connection with a sale of its business, Licensee shall have a
period of six (6) months from the effective date of termination in
which to sell off its inventory of Licensed Products, subject to
the terms and conditions of this Agreement, including paying
royalties.
105. MODIFICATION AND WAIVER
106.
Except as otherwise
provided herein, no agreement or understanding purporting to add to
or to modify the terms and conditions of this Agreement shall be
binding unless agreed to by the Parties in writing. Any terms and
conditions set forth in any forms used by the Parties, which are in
conflict with the terms and conditions of this Agreement, shall be
void and have no effect. The Parties further agree that the
Exhibits to this Agreement may be modified, amended, altered,
and/or supplemented from time to time in writing signed by
authorized representatives of the Parties.
107.
It is agreed that
no waiver by either Party hereto or any breach or default of any of
the provisions set forth herein shall be deemed a waiver as to any
subsequent and/or similar breach or default.
108. GOVERNING LAW
109.
This Agreement
shall be construed in accordance with and the laws of the State of
California which shall govern all disputes relating hereto without
giving effect to any conflicts of law provisions. The Parties agree
that any and all disputes, controversies or claims arising out of,
regarding, or in any way relating to the interpretation,
application, or enforcement of this Agreement, or any matter
reasonably related thereto, shall be handled by way or arbitration
and administered by and in accordance with the JAMS streamlined
Arbitration Rules and Regulations (the ''JAMS Rules '') of the
Judicial Arbitration and Mediation Service in effect at the time of
any such proceedings. Such arbitration shall be the sole,
exclusive, and final remedy for resolving any such claims and
disputes. Judgment on the final award rendered by the arbitrator
may be entered into in any court of competent jurisdiction and
shall be final and binding upon the Parties.
110.
Notwithstanding the
foregoing, the Parties may seek provisional relief, including a
preliminary injunction or temporary restraining order, in any
federal or state court of competent jurisdiction located in Los
Angeles, California, without prejudice to the above described
arbitration procedures, if in that Parties sole judgment such
provisional relief is necessary to avoid an irreparable injury or
to preserve the status quo. Never the less, the arbitration
procedure set forth in this Section 25 is intended to be the sole
and exclusive method of resolving any claims arising out of,
relating to, or regarding this Agreement.
111. CONFIDENTIALITY
112.
The Parties agree
that the terms, conditions, and subject matter of this Agreement
constitute confidential and proprietary information belonging to
Licensor. Licensee agrees not to divulge any confidential and
proprietary information pertaining to Licensor or this Agreement to
any third party without prior written consent of Licensor;
provided, however Licensee may share the existence of this
Agreement. Licensor agrees not to divulge any confidential and
proprietary information pertaining to Licensee or this Agreement to
any third party without prior written consent of Licensee;
provided, however Licensor may share the existence of this
Agreement. Each Party shall take commercially reasonable measures
to prevent the unauthorized use and/or disclosure of such
confidential information, and to prevent unauthorized persons or
entities from obtaining or using such information. Each Party
further agrees to refrain from directly or indirectly taking any
action, which would constitute or facilitate the unauthorized use
or disclosure of such confidential information. Each Party may
disclose such confidential and proprietary information to its
officers, directors, employees, agents, and authorized
representatives to the extent necessary to enable such Party to
perform its obligations under this Agreement, provided that said
officers, directors, employees, agents, and/or authorized
representatives execute an appropriate confidentiality agreement
approved by the other Party, which by its terms shall be
enforceable by injunctive relief. The receiving Party of
confidential information shall be liable for any unauthorized use
and disclosure of such confidential information by its officers,
directors, employees, agents, and authorized representatives,
including without limitation its attorneys and accountants. The
Parties further agree that any breach or threatened breach of this
Section 26.1 would cause irreparable harm to Licensor, that a
remedy at law or in damages would be inadequate, and that the
provisions of this Section 26.1 may be enforced by way of
injunctive relief in addition to any other rights available to
Licensor in law or in equity.
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113.
For purposes of
this Agreement, “confidential and proprietary
information” includes, but is not limited to, the terms,
conditions, and subject matter of this Agreement, and
Licensor’s business, including any financial, cost, pricing,
and royalty information; product development, business, marketing,
promotion, distribution, sales, sales plans, and strategies;
information concerning Licensor’s product development and
intellectual property; information concerning manufacturing
processes relating to the Licensed Products, or trade secrets. The
foregoing confidentiality obligations shall not apply to
information that: (1) was previously known to the recipient
free of any obligation to keep it confidential; (2) was
independently developed by recipient; or (3) is or becomes
publicly available by means other than the unauthorized disclosure
by recipient.
114.
In the event that
any judicial or regulatory authority requests or requires
disclosure of any Confidential Information of the other party, the
receiving party shall promptly notify the disclosing party of the
requested or required disclosure and shall cooperate with the
disclosing party in any effort to avoid or limit such
disclosure.
115. ENTIRE AGREEMENT AND ADMISSIBILITY
This
Agreement constitutes the complete understanding between the
Parties and supersedes any and makes void any and all prior
agreements, promises, representations, or inducements, no matter
their form, concerning the subject matter of this Agreement. The
Parties desire that this Agreement represent a single and
completely integrated contract expressing the entire agreement of
the Parties with respect to the subject matter of this Agreement.
No promises, agreements, or modifications to this Agreement made
subsequent to the execution of this Agreement by the Parties shall
be binding unless reduced to writing and signed by authorized
representatives of the Parties. The Parties to this Agreement agree
that this Agreement may be used as evidence in any subsequent
proceeding in which any Party alleges a breach of this Agreement or
seeks to enforce its terms, provisions, or
obligations.
116. SEVERABILITY
Whenever possible,
each provision of this Agreement shall be interpreted in such a
manner to be effective and valid under applicable law. Should any
of the provisions or terms of this Agreement be determined illegal,
invalid, or unenforceable by any court of competent jurisdiction,
validity of the remaining parts, terms, or provisions shall not be
affected thereby, and said illegal, invalid, or unenforceable part,
term, or provision shall be deemed not to be a part of this
Agreement.
117. RECITALS AND HEADINGS
The
terms of this Agreement are contractual, not a mere recital, and
are the result of joint negotiations between, and joint drafting
by, the Parties, and are therefore not to be construed in favor of
or against either Party. All recitals are incorporated by reference
into this Agreement. Caption and Section headings are used for
convenience and reference only, are no part of this Agreement, and
shall not be used in interpreting, construing, defining, limiting,
extending, or describing the scope of this Agreement, or any
provision hereof, in any way.
118. ATTORNEY FEES AND COSTS
Should
any action be necessary to enforce the terms of this Agreement, the
prevailing Party will be entitled to recover reasonable
attorneys’ fees and costs.
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119. EXECUTION OF COUNTERPARTS
This
Agreement may be executed in two or more duplicate bond or
facsimile counterparts, each of which shall be considered an
original, but all of which together shall constitute one and the
same instrument, and in pleading or proving any provision of the
Agreement, it shall not be necessary to produce more than one such
counterpart.
120. EQUITABLE RELIEF
The
Parties acknowledge that the subject matter of this Agreement
(including, without limitation, the Confidentiality section)
relates to services and rights, which are extraordinary and unique
and which cannot be replaced or adequately compensated in money
damages, and any breach by Licensee of this Agreement will cause
irreparable injury to Licensor.
[signature page
follows]
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IN
WITNESS WHEREOF, the Parties hereto have caused this instrument to
be duly executed as of the day and year first above
written.
Licensor:
I|M1, LLC
/s/
Xxxxxxx Xxxxxxxxx
Name:
Xxxxxxx Xxxxxxxxx
Title:
President
Licensee:
Xxxxx Xxxxxxxx, Inc.
/s/
Xxxxx X. van den Broeck 3.29.2017
Name:
Xxxxx X. van den Broeck
Title:
Chief Executive Officer
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EXHIBIT A
LICENSED XXXX
1.
Only for the Licensed Products specified in
Exhibit B
to this Agreement and only as shown in
the following specimen(s):
●
I’M1
●
I|M1
2.
Examples
on Brand Partner Resource link; upon your signature a password will
be provided.
3.
Licensed
Products to include styles with each of the following supporting
categories will be provided by Licensor upon further discussion
with Licensee.
Licensor may designate other supporting brands or categories, in
writing from time to time.
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EXHIBIT B
LICENSED PRODUCTS AND CHANNELS OF DISTRIBUTION
●
The
following list sets forth the Licensed Products:
Men’s
Suits
●
Licensee may only use those channels of
distribution approved, in advance, by Licensor. Licensor
anticipates the channels of distribution to be approved to include
Macy’s and above. Except for Home Love Affair (which is
pre-approved), any mass market and low tier department stores
(i.e., Wal-Mart, K-Mart, Target, and Sears), as well as club stores
(i.e. Sam’s), are specifically excluded from
the approved Channels of Distribution under this
Agreement.
●
Licensor
shall have prior approval rights relating to any internet retailers
not belonging to retailers in the approved Channels of Distribution
set forth above, which will be reviewed on an individual basis by
Licensor.
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EXHIBIT C
CODE OF CONDUCT
行为守则
1.
PURPOSE:
Licensee is committed to using only manufacturers to strive to
conduct business in a highly professional and ethical manner. This
document outlines those commitments each facility makes in respect
to its compliance with applicable law and tis personal practices
and policies.
目的:[被许可人]承诺只使用了力争在一个高度专业和道德的方式开展业务的厂家。本文概述了这些各设施使得在尊重其遵守适用的法律和个人的做法和政策的承诺。
2.
CHILD
LABOR: The facility agrees not to use child labor in the
manufacturing, or distribution of the Goods. The term
“child” refers to a person younger than the local legal
minimum age for employment or the age for completing compulsory
education; provided, however, in no event shall the Facility use
any person below the age of (15) fifteen. The Facility also agrees
to comply with all other laws applicable to employees, regardless
of the age of an employee.
童工:该中心同意不使用童工在制造,或货物配送。
“童工”是指一个人年龄低于当地法定最低就业年龄或年龄在完成义务教育;
提供的,但是,在任何情况下,基金使用任何人(15)15岁以下。该基金还同意遵守适用于所有员工的其他法律,不论雇员的年龄。
3.
FORCED
LABOR: The Facility agrees to employ only persons whose presence is
voluntary. The Facility agrees not to use any forced or involuntary
labor, whether prison, bonded, indentured or
otherwise.
强迫劳动:该基金同意只雇用人员,其存在是自愿的。该基金同意不使用任何强迫或非自愿劳动,无论是监狱,保税,契约或其他方面。
4.
ABUSE
OF LABOR: The Facility agrees to treat each employee with dignity
and respect and not to use corporal punishment, threats of
violence, or other forms of physical, sexual, psychological or
verbal harassment or abuse.
滥用劳动:该基金同意把每个员工的尊严和尊重,不使用体罚,暴力威胁或其他形式的身体,性,心理或言语上的骚扰或虐待。
5.
NON-DISCRIMINATION:
The Facility agrees not to discriminate in hiring and employment
practices, including salary, benefits, advancement, discipline,
termination, or retirement on the basis of race, religion, age,
nationality, social or ethnic origin, sexual orientation, gender,
political opinion or disability.
不歧视:该基金同意不会在雇佣和招聘活动,包括工资,福利,晋升,纪律,终止或退休种族,宗教,年龄,国籍,社会或民族,性取向,性别的基础上歧视,政治观点或残疾。
6.
ASSOCIATION:
The Facility agrees to follow employees to organize and bargain
collectively without penalty or interference in accordance with
local laws.
关联关系:该基金同意遵守雇员组织和集体谈判不受处罚或干预按照当地的法律。
7.
WAGES,
DENEFITS AND WORKING HOURS: The facility recognizes that wages are
essential to meeting employee’s basic needs. The Facility
agrees to comply, at a minimum, with all applicable wages and hour
Laws, including minimum wage, overtime hours, maximum hours, piece
rates and other elements of compensation and shall provide legally
mandated benefits.
工资,福利和工作时间:该厂认识到,工资是必要的,以满足员工的基本需求。该基金同意遵守,至少,所有适用的工资和工时的法律,包括最低工资,加班,最长工时,计件工资和补偿等内容,并应提供法定福利。
8.
HEALTH
AND SAFETY: The Facility agrees to provide employees with a safe
and healthy workplace environment in accordance with all applicable
laws, ensuring at a minimum, reasonable access to potable water and
sanitary facilities, fine safety and adequate lighting and
ventilation. The Facility also agrees to ensure that the same
standards of health and safety are applied to any housing it
provides for employees.
健康和安全:该基金同意为员工提供一个安全和健康的工作环境符合所有适用法律,确保在最低限度,合理获得饮用水和卫生设施,精美的安全性和足够的照明和通风。该基金也同意,以确保健康和安全的相同标准适用于它提供了雇员的住房
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9.
COMPLIANCE:
The Facility agrees to take appropriate steps to ensure that the
provisions of the COC are communicated to its employees, including
by prominent posting a copy of this COC in the local language on
one or more bulletin boards in places readily accessible to
employees at all times.
合规性:本基金同意采取适当措施,以确保奥委会的规定传达给员工,其中包括由著名张贴在当地语言的一个或多个电子公告板的名额该行为准则的副本容易获得员工的所有次。
10.
ENVIRONMENT:
Business partners should share our concern for the environment and
adhere to their local and national laws regarding the protection
and preservation of the environment.
环境:业务合作伙伴应该分享我们对环境的关注,并坚持对环境的保护和维护当地和国家法律。
11.
LEGAL
REQUIREMENTS: Business partners should be in compliance with all
legal requirements involved in conducting the
business.
法律要求:业务合作伙伴应符合参与开展业务的所有法律要求。
12.
Our Business
Partners are required to provide full access to their facilities
and those of their manufacturers, vendors and subcontractors, and
to release records relating to employment practices. We may conduct
on-site inspections of facilities to monitor the standards and
assure the quality of our products.
我们的业务合作伙伴必须提供完全访问他们的设备和那些他们的制造商,供应商和分包商,并发布有关用工行为记录。我们可以进行现场视察设施,以监控标准,确保了产品的质量。
Please report Violations Anonymously by emailing to:
xxxxxxxxx@xxxxxxxxxxxxxxx.xxx
xxxxxxxxx@xxxxxxxxxxxxxxx.xxx;
请通过电子邮件以匿名方式举报违规行为
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Xxxxx
Xxxxxxxx
EXHIBIT D
Approved Royalty Report Form
●
Example
Royalty Reports are set forth on the Brand Partner Resource link,
upon your signature a password will be provided
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Xxxxx
Xxxxxxxx
EXHIBIT E
REQUIRED INSURANCE CERTIFICATE
Under Description of Operations state the
following:
“Certificate Holder I|M1, LLC, I|M1 Holdings, LLC, Level
Brands, Inc., Encore Endeavor 1, LLC, Xxxxx
Xxxxxxx, Xxxxx Xxxxxxx, xxxxx xxxxxxx
Worldwide, Inc., xxxxx xxxxxxx LLC, The Sterling/Xxxxxxx Company,
and their partners, owners, subsidiaries, affiliates,
directors, officers, managers and employees are named additional
insured with regards to liability arising out of operations of the
named insured.”
The Certificate Holder should be listed as:
I|M1, LLC
4521 Xxxxxx Xxxx, Xxx 000
Xxxxxxxxx, XX 00000
Send copies of Certificate to:
I|M1, LLC
Xxxx Xxxxxxxx
XxxxxxxxxXxxxxxxxx@xxxxxxxxxxxxxxx.xxx;
I|M1, LLC
Xxxx Xxxxxxx
xxxx@xxxxxxxxxxx.xxx;
and
Mitchka Lyonnais
xxxxxxxxx@xxxxx.xxx
Momentous Insurance Brokerage, Inc.
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Xxxxx
Xxxxxxxx
EXHIBIT F
Millennium Development Goals
1. We
must eradicate extreme poverty and hunger!
2.
Achieve universal primary education.
3.
Promote gender equality and empower women.
4.
Reduce child mortality.
5.
Improve maternal health.
6.
Combat HIV/AIDS, Malaria, and other diseases.
7.
Ensure environmental sustainability.
8. Build global
partnerships for development.
9.
Bring opportunities of financial stability and healthcare to
American Veterans and their families.
10.
Stop Human Trafficking.
- END OF CONTRACT-
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