50 of the Top 250 law firms use our Products every day
Intellectual Property Rights Sales
Agreement
Eiwa Kokudo Kankyo, Inc. (hereafter, "Eiwa") is
selling the Intellectual Property of the Aqua-make system to Aspire
Japan, Inc. (hereafter, "Aspire") with following
conditions.
(Sales of Intellectual
Property)
|
1.
|
Eiwa is selling the Intellectual
Property of the Aqua-make system defined below to
Aspire.
|
Definition of the selling Intellectual Property:
All registered patent, work-in-progress patent, and business and
operation know-how of the Aqua-make system defined in the
Intellectual Property valuation report produced by IP Trading
Japan.
|
2.
|
Aspire must pay Japanese 600 Million
YEN (When Japanese Yen is 110 Yen to a US$1, 600 Million Japanese
Yen is US$5,454,545) (excluding applicable sales tax) to Eiwa for
the above described Intellectual Property with the following
payment schedule.
|
|
(1)
|
August 29. 2008
|
50 million Japanese Yen (Approx.
US$454,545)
|
|
|
|
|
|
(2)
|
September 12, 2008
|
50 million Japanese Yen (Approx.
US$454,545)
|
|
|
|
|
|
(3)
|
September 30, 2008
|
200 million Japanese Yen (Approx.
US$1,818,182)
|
|
|
|
|
|
(4)
|
October 31, 2008/08/07
|
300 million Japanese Yen (Approx.
US$2,727,273)
|
|
|
(Approximate figure calculate with
US$1=110 Japanese Yen)
|
(Registration transfer
documents)
|
3.
|
Eiwa agrees to transfer the
registered holder of the official patent to Aspire after receiving
all payments described above from Aspire. Aspire agrees to pay for
the direct expense to transfer the registered holder of the patent
to Aspire from Eiwa.
|
(The timing of the bill of rights
transfer)
|
