Exhibit 10.7
AGREEMENT OF TRANSFER OF TRADEMARK APPLICATION RIGHTS
between
SU HONG
and
CEC TELECOM CO. LTD.
(Translation)
Date: December 12, 2006
AGREEMENT OF TRANSFER OF TRADEMARK APPLICATION RIGHTS
This Agreement is entered into by and between the following parties on December
11, 2006 in Beijing:
A. Su Hong ("Transferor")
Address: Room 1502, Building ▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇,
Beijing
ID No.: 370202198109142621
B. CEC Telecom Co. Ltd. ("Transferee")
Address: ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, Haidian District, Beijing
Legal Representative: ▇▇ ▇▇▇▇▇▇▇
WHEREAS:
1. The Transferor signed an Agreement of Transfer of Trademark Application
Rights with Beijing Zhongzhengweiye Economic & Trade Co. Ltd. (hereinafter
referred to as "Zhongzhengweiye") on December 6, 2006, and has obtained the
application right of the three (3) "CECT" trademarks (as defined below)
listed in Annex 1 after completing the relevant registration procedures.
2. The Transferee is a limited liability company duly organized and validly
existing under the laws of the People's Republic of China.
3. At the request of the Transferee, the Transferor intends to transfer the
application right of the 3 "CECT" trademarks owned by it to the Transferee,
and the Transferee agrees to accept such transfer from the transferor in
accordance with the terms and conditions herein.
Through friendly consultations, the Parties have reached the following agreement
with regard to the transfer of the application right of the above-mentioned
trademarks:
1. DEFINITIONS
Unless the context otherwise requires, the following terms shall have the
meanings ascribed thereto below:
1.1 "PRC" shall mean the People's Republic of China for the purpose of this
Agreement, which does not include the Hong Kong Special Administrative
Region, the Macau Special Administrative Region and the Taiwan region.
1.2 "Trademarks" shall mean the three (3) trademarks consisted of letters
"CECT" (Application Numbers: 3756040, 3756041 and 3756042) listed in Annex
1 that had been registered with the Trademark Office of the State
Administration for Industry & Commerce of the PRC (hereinafter referred to
as the "Trademark Office"), and were announced in the No. 977 Announcement
after Initial Review on May 28, 2005 by the Trademark Office.
1
1.3 "Trademark Application Right" shall mean all the rights and benefits the
Transferor, as an applicant, is entitled to during the whole application
and approval process for trademark registration with the Trademark Office,
including without limitation the application right for the registration of
the trademarks and other rights the Transferor is entitled to before
obtaining the registered trademarks, such as the right to license the use
right to others, copyright and derivative works right etc..
1.4 "Transfer" shall mean that the Transferor enters into this Agreement with
the Transferee and expressly agrees to transfer the application right of
the above-mentioned trademarks to the Transferee, including without
limitation a series of actions, from the Transferor and the Transferee's
handling of relevant procedures with the Trademark Office in accordance
with this Agreement, till the Trademark Office's verification/announcement
of the transfer between the Parties and the completion of the registration
procedures of the trademarks with the Trademark Office.
1.5 "Force Majeure" shall mean any event that is unforeseeable, unavoidable or
the consequences whereof is insurmountable which renders the performance of
all or part of the obligations of either Party under this Agreement to be
virtually impossible or economically impracticable, including without
limitation floods, fires, droughts and other Acts of God, strikes,
insurrections, turmoil and wars etc.
2. TRANSFER OF TRADEMARK APPLICATION RIGHT
2.1 The Transferor agrees to transfer the trademark application right to the
Transferee unreservedly and irrevocably, and the Transferee shall have all
rights of the trademarks that rightly belong to the proprietor of the
application right after accepting such transfer.
2.2 The Transferor agrees to stop using such trademarks and not to claim any
right over the application right of such trademarks (and the trademarks)
after this Agreement takes effect.
2.3 The Transferor agrees that upon the Trademark Office's
verification/announcement of the Transferor as the proprietary holder of
the application right of the trademarks, the Transferee shall have the
right to apply to the Trademark office for the handling of the transfer
procedures to transfer the application right of the trademarks from the
Transferor to the Transferee in accordance with the agreement herein, and
submit a Transfer Application/Application for Registered Trademarks (as
shown in Annex 2) signed by the Transferor directly to the Trademark
Office, and upon verification/announcement by the Trademark Office, become
the proprietor of the application right of such trademarks, and further
complete the registration procedures of the trademarks.
2.4 The Parties agree that since the Transferor had received the application
right of the trademarks from Zhongzhengweiye and submitted the Transfer
Application/Application or Registered Trademarks to the Trademark Office on
December 10, 2006, for the period since the Transferor's receipt of the
Trademark Office's Acceptance Notice of the above-mentioned application
till the Transferee is announced by the Trademark Office to be the
proprietor of the application right of such trademarks, the Transferor
shall pledge the application right of such trademarks to the Transferee to
the extent as permitted by the laws and regulations, until the
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Trademark Office verifies/announces the Transferee to be the proprietor of
the application right of such trademarks.
2.5 Once the Transferee completes the registration of the trademarks at the
Trademark Office and obtains a Trademark Registration Certificate, it shall
become the proprietary owner of such registered trademarks and have
independent and full right over such registered trademarks. At all times
during the above-mentioned process and after the obtaining of the Trademark
Registration Certificate, the Transferor shall not raise any disputes or
objections in relation to the trademark application right (and the
trademarks) for any reason.
2.6 If the above-mentioned transfer of the trademark application right is
suspended, terminated or not fulfilled for causes attributable to the
Transferor, the Transferor shall compensate the Transferee for any loss
arising thereof.
3. REPRESENTATIONS, WARRANTIES AND COVENANTS
3.1 The Transferor and the Transferee represent and warrant to each other as
follows:
(a) it has all the powers and capacities that are necessary for the execution
of this Agreement, the performance of its obligations and the exercise of
its rights under this Agreement;
(b) the signatory to this Agreement, whether a natural or legal person, has
been authorized for the execution of this Agreement based on his full
capacity or a Board resolution;
(c) once the Agreement is executed, the Parties shall be bound by this
Agreement and its annexes.
3.2 The Transferor warrants that its application for the trademarks referred to
in this Agreement does not violate any applicable laws; it has obtained
consent or approval from a third party and it has not violated the
legitimate interest of the third party; and it lawfully and flawlessly owns
the application right of the trademarks as listed in Annex 1. The
Transferor has the right to transfer the application right of such
trademarks to the Transferee at its own discretion.
3.3 The Transferee warrants that after the transfer, it will continue to take
necessary and proactive measures for the protection of the trademarks.
3.4 The Parties agree that upon effectiveness of this Agreement, the Parties
shall sign any legal documents and take any lawful actions that are
necessary for the realization of the transfer under this Agreement,
including without limitation that the Transferor shall unconditionally sign
all necessary documents including the Transfer Application/Application for
Registered Trademarks and cooperate with the Transferee in the handling of
all the procedures.
4. PRICE FOR TRANSFER OF THE TRADEMARK APPLICATION RIGHT
4.1 The Parties agree that the Transferor shall transfer the application right
of the trademarks to the Transferee free of charge.
3
5. DAMAGES AND INDEMNIFICATION
5.1 Where either Party breaches any representations, warranties or undertakings
provided in this Agreement, the other Party shall have the right to
terminate this Agreement, and request the breaching Party to pay damages to
the other party or to indemnify the other party for any losses.
5.2 If in any event a third party claims that the Transferor does not have the
right to transfer the application right of such trademarks, or it claims
for compensation on the ground that the transfer of the trademark
application right as provided in this Agreement infringes on its rights,
all reasonable expenses for the defense of such claim incurred by the
Transferee and the liabilities shall be borne by the Transferor.
5.3 If either Party fails to perform or timely perform any of its obligations
under this Agreement due to force majeure, the Party shall not be liable.
6. EFFECTIVENESS
6.1 This Agreement shall immediately come into effect upon execution by both
Parties.
6.2 All notices in connection with this Agreement shall be in writing and shall
be given or made by delivery in person by one Party to the other Party.
The addresses of the Parties for the delivery of notices are as follows:
Transferor: Su Hong
Mailing Address: Room 1502, ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇,
▇▇▇▇▇▇▇
Tel.: ▇▇▇-▇▇▇▇▇▇▇▇
Fax: ▇▇▇-▇▇▇▇▇▇▇▇
Transferee: CEC Telecom Co. Ltd.
Mailing Address: ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
Tel.: ▇▇▇-▇▇▇▇▇▇▇▇
Fax: ▇▇▇-▇▇▇▇▇▇▇▇
7. GOVERNING LAWS AND DISPUTE RESOLUTION
7.1 This Agreement shall be governed by and construed and enforced under and in
accordance with the laws of the PRC.
7.2 In case the Parties have any dispute over the validity, interpretations or
performance of the Agreement, they shall try to resolve it through friendly
consultations. Where the dispute can not be resolved through consultations
within thirty days from the date the dispute arises, either Party may file
a suit in the People's Court having jurisdiction over such dispute.
8. MISCELLANEOUS
8.1 This Agreement is severable, which means any term in this Agreement that
has been defined as unlawful or unenforceable shall not affect the validity
and enforceability of any other terms in this Agreement.
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8.2 This Agreement shall constitute the entire agreement reached between the
Parties with regard to the transfer of the trademark application right, and
supersede all previous understandings or arrangements between the Parties.
8.3 Unless otherwise provided by laws, the failure or deferred exercise of any
right under this Agreement by either Party shall not be deemed a waiver of
such right, and any partial exercise of a right shall not affect the future
exercise of such right.
8.4 This Agreement is executed in four originals, each of which shall have the
same legal force, and each Party shall hold 2 originals of this Agreement
for record.
5
(Signature page. No text.)
-------------------------------
Transferor: Su Hong (Signature)
Date:
-------------------------------
(MM/DD/YYYY)
Transferee: CEC Telecom Co. Ltd. (Seal)
Authorized Representative:
-------------------------------
Date:
-------------------------------
(MM/DD/YYYY)
Annex 1: List of Trademarks and Trademark Announcement after Initial Review
Annex 2: Transfer Application/Application for Registered Trademarks
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TRADEMARK OFFICE OF THE STATE ADMINISTRATION
FOR INDUSTRY & COMMERCE
Address: ▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Post Code: 100820
Post Code: 101500 (Bar Code: *ZC3756040 SL*) Date of Issuance:
November 24, 2003
Beijing Zhongzhengweiye Economic & Trade Co. Ltd. Doc No.: ZC3756040SL
Zhenlongyuan Industrial Zone
Shilibao, Miyun County Agency Doc. No.: ____
Beijing
Date of Application: November 17, 2003 Application No.: 3756040 Category: 9
Applicant: Beijing Zhongzhengweiye Economic & Trade Co. Ltd.
REGISTRATION APPLICATION ACCEPTANCE NOTICE
Beijing Zhongzhengweiye Economic & Trade Co. Ltd.,
In accordance with relevant provisions of the Trademark Law and the Regulations
for the Implementation of the Trademark Law, we have accepted the registration
application of this trademark.
(CECT LOGO)
Trademark Office of the State Administration for Industry & Commerce
of the People's Republic of China (Seal)
Date: November 24, 2003
7
TRADEMARK OFFICE OF THE STATE ADMINISTRATION
FOR INDUSTRY & COMMERCE
Address: ▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Post Code: 100820
Post Code: 101500 (Bar Code: *ZC3756041 SL*) Date of Issuance:
November 24, 2003
Beijing Zhongzhengweiye Economic & Trade Co. Ltd.
Doc No.: ZC3756041SL
Zhenlongyuan Industrial Zone
Shilibao, Miyun County Agency Doc. No.: ____
Beijing
Date of Application: November 17, 2003 Application No.: 3756041 Category: 9
Applicant: Beijing Zhongzhengweiye Economic & Trade Co. Ltd.
REGISTRATION APPLICATION ACCEPTANCE NOTICE
Beijing Zhongzhengweiye Economic & Trade Co. Ltd.,
In accordance with relevant provisions of the Trademark Law and the Regulations
for the Implementation of the Trademark Law, we have accepted the registration
application of this trademark.
(CECT LOGO)
Trademark Office of the State Administration for Industry & Commerce
of the People's Republic of China (Seal)
Date: November 24, 2003
8
TRADEMARK OFFICE OF THE STATE ADMINISTRATION
FOR INDUSTRY & COMMERCE
Address: ▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Post Code: 100820
Post Code: 101500 (Bar Code: *▇▇▇▇▇▇▇▇▇ SL*) Date of Issuance:
November 24, 2003
Beijing Zhongzhengweiye Economic & Trade Co. Ltd.
Doc No.: ZC3756042SL
Zhenlongyuan Industrial Zone
Shilibao, Miyun County Agency Doc. No.: ____
Beijing
Date of Application: November 17, 2003 Application No.: 3756042 Category: 9
Applicant: Beijing Zhongzhengweiye Economic & Trade Co. Ltd.
REGISTRATION APPLICATION ACCEPTANCE NOTICE
Beijing Zhongzhengweiye Economic & Trade Co. Ltd.,
In accordance with relevant provisions of the Trademark Law and the Regulations
for the Implementation of the Trademark Law, we have accepted the registration
application of this trademark.
(CECT LOGO)
Trademark Office of the State Administration for Industry & Commerce
of the People's Republic of China (Seal)
Date: November 24, 2003
9
TRANSFER APPLICATION/APPLICATION FOR REGISTERED TRADEMARKS
Name of Transferor (Chinese): Beijing Zhongzhengweiye Economic &
Trade Co. Ltd.
(English):
Address of Transferor (Chinese): Zhenlongyuan Industrial Zone,
Shilibao, Miyun County, Beijing
(English):
Name of Transferor (Chinese): Su Hong ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
(English):
Address of Transferor (Chinese): ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
(English):
Is the trademark jointly held? [ ] Yes [ ] No
Post Code: 100045
Contact Person: Du Qian
Tel. (incl. area code): ▇▇▇-▇▇▇▇▇▇▇▇
Fax (incl. area code): 010-68081370
Name of Agency: BTA Trademark & Patent Law Office
Trademark Application/Registration No.: 3756040
Category: 9
Transferor's Seal Transferee's Seal Agency's Seal:
------------------------ -------------------- ------------------------------
(Signature): Beijing (Signature): Su Hong Agency's Signature:
Zhongzhengweiye Economic
& Trade Co. Ltd.
10
TRANSFER APPLICATION/APPLICATION FOR REGISTERED TRADEMARKS
Name of Transferor (Chinese): Beijing Zhongzhengweiye Economic &
Trade Co. Ltd.
(English):
Address of Transferor (Chinese): Zhenlongyuan Industrial Zone,
Shilibao, Miyun County, Beijing
(English):
Name of Transferor (Chinese): Su Hong ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
(English):
Address of Transferor (Chinese): ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
(English):
Is the trademark jointly held? [ ] Yes [ ] No
Post Code: 100045
Contact Person: Du Qian
Tel. (incl. area code): ▇▇▇-▇▇▇▇▇▇▇▇
Fax (incl. area code): 010-68081370
Name of Agency: BTA Trademark & Patent Law Office
Trademark Application/Registration No.: 3756041
Category: 9
Transferor's Seal Transferee's Seal Agency's Seal:
------------------------ -------------------- ------------------------------
(Signature): Beijing (Signature): Su Hong Agency's Signature:
Zhongzhengweiye Economic
& Trade Co. Ltd.
11
TRANSFER APPLICATION/APPLICATION FOR REGISTERED TRADEMARKS
Name of Transferor (Chinese): Beijing Zhongzhengweiye Economic &
Trade Co. Ltd.
(English):
Address of Transferor (Chinese): Zhenlongyuan Industrial Zone,
Shilibao, Miyun County, Beijing
(English):
Name of Transferor (Chinese): Su Hong ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
(English):
Address of Transferor (Chinese): ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
(English):
Is the trademark jointly held? [ ] Yes [ ] No
Post Code: 100045
Contact Person: Du Qian
Tel. (incl. area code): ▇▇▇-▇▇▇▇▇▇▇▇
Fax (incl. area code): 010-68081370
Name of Agency: BTA Trademark & Patent Law Office
Trademark Application/Registration No.: 3756042
Category: 9
Transferor's Seal Transferee's Seal Agency's Seal:
------------------------ -------------------- ------------------------------
(Signature): Beijing (Signature): Su Hong Agency's Signature:
Zhongzhengweiye Economic
& Trade Co. Ltd.
12