Patent Licensing Agreement between Zhide Jiang and Shandong Longkang Juice Co., Ltd.

Contract Categories: Intellectual Property › License Agreements
Summary

This agreement is between Zhide Jiang and Shandong Longkang Juice Co., Ltd. Zhide Jiang applied for a patent in China for a method of producing biological feed from fruit and vegetable waste. Under this agreement, Zhide Jiang transfers the right to use the patent to Shandong Longkang Juice Co., Ltd. at no cost. The use right will last for the full term of the patent once it is approved. The agreement is signed by both parties and filed with the Chinese patent office.

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EX-10.27 8 v189364_ex10-27.htm Unassociated Document
Patent Licensing Agreement

Party A:   Zhide Jiang
Party B:   Shandong Longkang Juice Co., Ltd.


            On May 25, 2009, Party A filed the below application to the State Intellectual Property Office of the People’s Republic of China (“SIPO”):

            “Biological feed produced by fermenting waste residues of fruits and vegetables and production method thereof” (Patent Application No.: 200910015442.2 )

            During the SIPO examination of the pending application, Party A voluntarily transferred the use right of the above patent to Party B at no cost. After the application is approved by the SIPO, the patent use right shall endure for the full term of the patent.

            This agreement is executed in three (3) copies with each party holding a copy and the SIPO holding another for the record.

           
Party A:  
/s/ Zhide Jiang
   Party B:  
Shandong Longkang Juce Co., Ltd.
  
       
Date:   
June 11, 2010   
   Date:   
June 11, 2010