DEED OF NOVATION, ASSIGNMENT AND ASSUMPTIONMGO Global Inc. • March 26th, 2024 • Apparel & other finishd prods of fabrics & similar matl
MGOTEAM 1 LLC, a Delaware limited liability company, with an office at 1515 SE 17th Street, Suite 121/#460596, Ft. Lauderdale, Florida 33346 (“Retiring Party”);
TERM SHEETTerm Sheet • March 26th, 2024 • MGO Global Inc. • Apparel & other finishd prods of fabrics & similar matl
This Term Sheet (this “Term Sheet”) dated as March 20, 2024 is the mutual and binding agreement of Centric Brands LLC (“Centric”) and MGOTEAM 1 (“Licensee” and, together with MGO Global Inc., “MGO”) to enter into an agreement for MGO to assign and Centric to assume the existing Trademark License Agreement, dated November 20, 2021 between Leo Messi Management SL (“Licensor”) and Licensee (the “License Agreement”). Such assignment and assumption transaction shall be referred to as the “Transaction”.
