Examples of Trademark Transfer Agreement in a sentence
Accordingly, the Trademark Transfer Agreement, the Licensing Agreement and the transactions contemplated respectively thereunder constitute a connected transaction of the Company under Chapter 14A of the Listing Rules.
In connection with the Share Purchase Agreement, on 18 June 2020 (after trading hours), Nanjing Mayflower (a member of the Target Group) and certain members of the Remaining Group also entered into the Obligations and Debts Framework Agreement and the Trademark Transfer Agreement.
Pursuant to the Trademark Transfer Agreement, Nanjing Mayflower agreed to transfer to the Company all property, rights, title and interest in respect of the Shoe Trademarks, together with the goodwill associated with the business that had used the Shoe Trademarks, for a consideration of RMB1 within 3 Business Days from the date of the Trademark Transfer Agreement.
The principal terms of the Share Purchase Agreement, the Obligations and Debts Framework Agreement and the Trademark Transfer Agreement are set forth below.
No Party shall issue any press release or make any public announcement (“Public Statement”) regarding this Trademark Transfer Agreement, or the negotiation thereof, or the amendments or agreements contemplated thereby without the prior written consent of the other party, except as required by law or regulation (including any stock exchange regulation) binding on or applicable to any of the Parties or their respective Affiliates.
On the same date as the Trademark Transfer Agreement was entered into, Sky-well New Energy entered into the Licensing Agreement with Skyworth Automobile, pursuant to which Sky-well New Energy grants a perpetual license at no charge in favour of Skyworth Automobile in respect of Skyworth Automobile’s use of the Subject Trademarks and other associated trademarks in certain specified products in its ordinary course of business.
As the applicable percentage ratio(s) (as defined in the Listing Rules) in respect of the Trademark Transfer Agreement and Licensing Agreement exceed 0.1% but are less than 5%, the Trademark Transfer Agreement, the Licensing Agreement and the transactions contemplated respectively thereunder are subject to the reporting and announcement requirements, but are exempted from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.