Transfer Agreement of Patent Application Right, January 10, 2009, by and among Guangzhou Organic Region Agriculture Ltd., Mr. Xiong Luo and Mr. Anson Yiu Ming Fong (English Translation)
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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