AGREEMENT FOR CONVEYANCE OF MARKS, TELEPHONE NUMBERS, AND DOMAIN NAMES

Exhibit 10.50

AGREEMENT FOR CONVEYANCE

OF MARKS, TELEPHONE NUMBERS, AND DOMAIN NAMES

This AGREEMENT FOR CONVEYANCE OF MARKS, TELEPHONE NUMBERS, AND DOMAIN NAMES (“CONVEYANCE AGREEMENT”) between AJG SOLUTIONS, INC., (“AJG”), a Florida Corporation, and AMERICAN ADDICTION CENTERS, INC., (“AAC”), f/k/a Forterus, Inc., a Nevada corporation, is made this 15th day of August, 2014.

WHEREAS, AJG is the owner of certain Marks, Telephone Numbers, and Domain Names formerly used in the business of Treatment Solutions Network; and

WHEREAS, those Marks, Telephone Numbers, and Domain Names are set out in Exhibits A and B to a License Agreement of August 31, 2012, which are attached and incorporated herein by reference; and

WHEREAS, AAC acquired the assets and business of Treatment Solutions Network via an Asset and Equity Purchase Agreement dated August 31, 2012; and

WHEREAS, pursuant to an accompanying License Agreement between AJG and AAC of Xxxxxx 00, 0000, XXX licensed those Marks, Telephone Numbers, and Domain Names to AAC for a period of three years, subject to a full assignment and conveyance in fee upon satisfaction of certain obligations under the Asset and Equity Purchase Agreement, a Promissory Note, and a related Employment Agreement with Xxxxx X. Xxxxxx; and

WHEREAS, disputes arose between AAC and Xx. Xxxxxx under the Asset and Equity Purchase Agreement, Promissory Note, the Employment Agreement, and the License Agreement, and otherwise; and

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WHEREAS, AAC, Xx. Xxxxxx, and AJG have entered into a State Settlement Agreement and Federal Settlement Agreement to effect a full, final, and global settlement of those disputes; and

WHEREAS, AJG wishes to convey all its rights, title, and interest in and to the Marks, Telephone Numbers, and Domain Names previously covered by the License Agreement to AAC in fee;

NOW, THEREFORE, in consideration of these premises, the mutual promises set out below, the Federal Settlement Agreement, the State Settlement Agreement, the sum of $10.00, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows.

1. By this Conveyance Agreement, AJG conveys all its right, title, and interest in and to the Marks, Telephone Numbers, and Domain Names (as defined in the License Agreement of August 31, 2012, and set out in the attached Exhibits A and B) to AAC, in fee simple, to have and to hold, forever. This conveyance shall include all right, title and interest in and to the Marks, Telephone Numbers, and Domain Names, together with all registered and common law trademark or service xxxx rights, whether direct or derived from them, together with the goodwill of the business symbolized by any such Marks, Telephone Numbers, or Domain Names, as well as all copyright, data, programming code, customer lists and other intellectual property or other proprietary rights based on or related to the Marks, Telephone Numbers, or Domain Names. Furthermore, this conveyance shall include all rights, interests, claims and demands recoverable in law or in equity, that AJG has or may have in profits and damages for any past, present and future infringements thereof, including but not limited to the right to compromise, xxx for and collect said profits and damages.

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2. AJG warrants that it is the current and full owner, in fee, of all right, title, and interest in the Marks, Telephone Numbers, and Domain Names being conveyed to AAC and that it has the full and exclusive right to transfer those assets.

3. AJG will take such other steps, and execute such other instruments of conveyance, title, registration, assignment, cancellation, transfer, assurance, explanation, or security as may be necessary or convenient to further effect or document the transfer of all its right, title, and interest in the Marks, Telephone Numbers, and Domain Names to AAC.

4. Capitalized terms in this Conveyance Agreement shall have the same meaning as set out in the License Agreement of August 31, 2012.

5. This Conveyance Agreement shall be governed in all respects by the substantive laws of the state of Tennessee. No application of any principle of the conflicts of laws shall result in the application of the law of any other state.

6. The exclusive venue for any action between AJG and ACC arising out of this Conveyance Agreement or otherwise related to the Marks, Telephone Numbers, and Domain Names shall be the state or federal courts in or for Xxxxxxxxxx County, Tennessee. The parties consent to the jurisdiction of such courts over their persons and over the subject matter of any such action.

7. This Conveyance Agreement shall supersede the License Agreement of August 31, 2012, which shall be of no further force and effect from this date forward.

8. The representatives signing below on behalf of the parties are fully authorized to bind their principals to this Conveyance Agreement.

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9. The parties agree that this Conveyance Agreement or a related instrument may be recorded in the registries of any Trademark Office or internet domain registrar as may be deemed necessary or convenient by AAC.

Done on the date first written above at Brentwood, Tennessee.

AJG SOLUTIONS, INC.
By:		/s/ Xxxxx X. Xxxxxx, Xx.
		Xxxxx X. Xxxxxx, Xx.

State of FLORIDA

County of BROWARD

On this 15 day of August, 2014, before me, Xxxxxx X. Xxxxxxx, personally appeared XXXXX XXXXXX of AJG Solutions, Inc., personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity and that by his signature on the instrument the person, or the entity on behalf of which the person acted, executed the instrument.

Witness my hand and official seal.

Notary Public

      

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AMERICAN ADDICTION CENTERS, INC.
By:		/s/ Xxxxxxx Xxxxxx Xxxxxxxx
		Xxxxxxx Xxxxxx Xxxxxxxx
		General Counsel and Secretary

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