Patent Application Transfer Agreement between Xiong LUO, Yaoming FANG, and Guangzhou Organic Region Agriculture Ltd.
This agreement transfers the rights to a patent application for a method and equipment for cleaning, sterilizing, and preserving fruits and vegetables from Xiong LUO and Yaoming FANG (Party A) to Guangzhou Organic Region Agriculture Ltd. (Party B). Party B will pay Party A the agreed price, take responsibility for maintaining the patent, and own any future improvements. Party A will provide the original patent application receipt. Party B must also submit the agreement to the State Intellectual Property Office to complete the transfer.
Exhibit 10.17
(English Translation)
TRANSFER AGREEMENT OF PATENT APPLICATION RIGHT
Party A: Xiong LUO and Yaoming FANG
Address: 6th Floor, Guang Lv Mansion, No.947, Qiaoxing Road, Fanyu District, Guangzhou
Party B: Guangzhou Organic Region Agriculture Ltd.
Address: No.1, Lane No.1, Changtan Cun, Shiji County, Fanyu District, Guangzhou
Based on the voluntary principle, Party A hereby transfers to Party B the patent application right to the invention with the name of Method and Equipment for Cleaning, Sterilizing and Retaining Freshness of the Fruits and Vegetables (Patent Application Number: CN200510088865).
Article 1 The Parties agree that the transfer price for the abovementioned patent application right is _____0______, and shall be paid to Party A by Party B within three days after this agreement takes effective.
Article 2 After the transfer of the abovementioned patent application right, Party B will be responsible for maintaining the effectiveness of the patent, such as pay for the certificate fee, annual fee for the patent.
Article 3 Any rights to the improvement to the patent thereafter shall belong to Party B.
Article 4 Party A shall deliver to Party B the original receipt of the patent application.
Article 5 This agreement shall be made in three copies, each party holding one copy.
After the execution of this agreement, Party B will, at its own costs, submit one copy of this agreement to the State Intellectual Property Office for the purpose of transferring the patent application right.
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