Document:

zmtp_ex104.htm

EXHIBIT10.4

 

 

 

 

 

TRADEMARK PURCHASE AND ASSIGNMENT AGREEMENT

BY AND BETWEEN

ZOOM TELEPHONICS, INC.

AND

JIANGSU LEIMONE ELECTRONICS CO., LTD.

OF ZOOM MARKS IN THE PRC

 

Dated:  October 18, 2010

 

 

 

 

 

 

 

 

  

 

AGREEMENT

 

This TRADEMARK PURCHASE AND ASSIGNMENT AGREEMENT OF ZOOM MARKS IN THE PRC (“Agreement”) is made as of this 18th day of October, 2010 (“Effective Date”) by and between ZOOM TELEPHONICS, INC., a corporation organized under the laws of  Delaware, USA (“Assignor”) and JIANGSU LEIMONE ELECTRONICS CO., LTD., a company organized under the laws of the People’s Republic of China that is a wholly-owned subsidiary of Zoom Technologies, Inc. (“Assignee”). Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”

WHEREAS, Assignor is the owner of certain rights, title and interest in and to the ZOOM Marks in the PRC as defined hereafter;

 

WHEREAS, on January 28, 2009, Assignor entered a License Agreement (the “Original License”) with Tianjin Tong Guang Group Digital Communication Co., Ltd., a company organized under the laws of the People’s Republic of China (“Tianjin Tong Guang ”) to grant Tianjin Tong Guang a limited right, license and privilege to use the ZOOM Marks (“Tianjin Tong Guang”License”);

 

WHEREAS, on October 18, 2010, Tianjin Tong Guang, Assignor and Assignee entered into a Binding Letter Agreement (“Binding Letter Agreement”) in which Tianjin Tong Guang agreed to the termination of the Tianjin Tong Guang License and relinquishment of all rights to the Zoom Marks thereunder;

 

WHEREAS, the Binding Letter Agreement further provided that the Assignor would assign its trademark rights in the ZOOM Marks in the PRC to the Assignee, and the Assignee would accept such assignment on the terms set forth herein.

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants, mutual promises and agreements set forth herein and in the Binding Letter Agreement, and intending to be legally bound hereby, the Parties agree as follows.

 

ARTICLE  1

INTERPRETATION

 

In this Agreement unless the context otherwise requires:-

 

	
(1)

	The following words and expressions have the following meanings respectively:-

 

	
 

	
Applicable Laws means all applicable laws of the USA, State of Delaware, including applicable related laws, rules, statutes and regulations and any rules, consents, approvals, authorizations, guidelines, orders, ordinances, bylaws, requirements and policies of any local authority;

 

Business Day means any day from Monday through Friday (both dates inclusive) which is not a public holiday in Dover, Delaware;

 

Person means any individual or legal entity;

 

Trademark Office means Trademark Office of the state Administration for Industry & Commerce of the PRC.

 

USA means the United States of America.

 

ZOOM Marks means the trademarks, servicemarks, trade names, logos and designs set forth in Exhibit A in the PRC attached hereto and made a part hereof by reference, in the style and print set forth therein, and any Chinese registrations or applications for registrations thereof.

PRC means 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.

Force Majeure means 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.

 

  

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(2)

	
References to Articles and Section are references to Articles and Sections of this Agreement, unless specified otherwise.

 

	
(3)

	
Headings or captions to Articles and Sections are for convenience only and shall not affect the interpretation hereof.

 

	
(4)

	
All Exhibits attached to this Agreement are incorporated in, and made a part of, this Agreement.

 

	
(5)

	
All of the parties to this Agreement have participated fully in the negotiation and preparation hereof, and, accordingly, this Agreement shall not be more strictly construed against any one of the parties hereto.

 

	
(6)

	
If the date for performance of an obligation falls on a day which is not a Business Day then the date for the performance of that obligation shall be the next Business Day.

 

ARTICLE  2

ASSIGNMENT OF TRADEMARK RIGHTS

 2.1 The Assignor hereby irrevocably assigns, grants and transfers to the Assignee, all of the Assignor’s right, title, and interest in and to the ZOOM Marks in the PRC including all common law rights, and any trademark registrations and applications, along with the goodwill of the business symbolized therewith.

2.2  The Assignor hereby authorizes the Assignee and/or its designated agent to record this Assignment with the trademark office of the PRC. The Assignor shall execute any and all additional instruments, writings and other documents and take any additional steps as may be necessary or proper as determined by the Assignee, at the sole expense of the Assignee, in order to effect the assignment of the ZOOM Marks, and shall otherwise cooperate with the Assignee to accomplish the purpose of this Agreement.

 

2.3  [Deleted intentionally.]

2.4  [Deleted intentionally.]

 

  

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2.5  The Assignor agrees that upon the Chinese Trademark Office's verification/announcement of the Assignor as the proprietary holder of the application right of the trademarks, the Assignee shall have the exclusive right to apply to the Chinese Trademark office for the handling of the transfer procedures to transfer the application right of the trademarks from the Assignor to the Assignee in accordance with the agreement herein, and submit a Transfer Application/Application for Registered Trademarks (as shown in EXHIBIT B) signed by the Assignor 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.

2.6  Once the Assignee completes the registration of the ZOOM Marks at the Trademark Office and obtains a Trademark Registration Certificate, it shall become the proprietary owner of the ZOOM Marks.. At all times during the above-mentioned process, the Assignor shall make best efforts to assist the Assignee in order to satisfactorily complete the transfer of the ownership of the ZOOM Marks to the Assignee.

ARTICLE  3

ASSIGNOR’S REPRESENTATIONS AND WARRANTIES

The Assignor hereby represents and warrants as follows:

3.1   the Assignor is a company duly registered and validly existing under the laws of Delaware.

3.2   to the extent that the Assignor is aware of the status of its ownership of the ZOOM Marks and the laws of the PRC, the Assignor warrants and represents that it has title to the Zoom Marks; the Assignor has not granted any liens, mortgages, encumbrances, licenses, or other agreement thereon or there to the Zoom Marks; that it has the full right, power and authority to grant all of the rights, title and interests granted in this Agreement; and that no dispute exists which challenges the legality, validity, or enforceability of the Zoom Marks to the best knowledge of the Assignor.

3.3   to the extend that the Assignor is aware of the status of its ownership of the ZOOM Marks and the laws of the PRC, and to the best knowledge of the Assignor, the Assignor has full right, power, authority and capacity and all consents and approvals of any other third party and government necessary to execute and perform this Agreement.

3.4   once this Agreement has been duly executed by both parties, it will constitute a legal, valid and binding agreement of the Assignor enforceable against it in accordance with its terms upon its execution.

 

3.5  the Assignor will not engage in any action that will be of detriment to the validity of the ZOOM Marks after the completion of the assignment.

 

  

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ARTICLE  4

ASSIGNEE’S REPRESENTATIONS AND WARRANTIES

 

The Assignee hereby represents and warrants as follows:

4.1   The Assignee is a company duly registered and validly existing under the laws of the PRC.

4.2   The Assignee has full right, power, authority and capacity and all consents and approvals of any other third party and governmental necessary to execute and perform this Agreement, which shall not be against any enforceable and effective laws or contracts.

4.3   Once this Agreement has been duly executed by both parties, it will constitute a legal, valid and binding agreement of the Assignee enforceable against it in accordance with its terms upon its execution.

 

ARTICLE  5

[Deleted intentionally.]

 

 

ARTICLE  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.

 

6.3 This Agreement shall benefit and be binding upon the Parties hereto and their respective successors and assigns.

 

ARTICLE 7

GOVERNING LAWS AND DISPUTE RESOLUTION

7.1  This Agreement shall be construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to its rules regarding conflicts of law.

 

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 Court having jurisdiction over such dispute. Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts in the State of Delaware.

 

  

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ARTICLE  8

MISCELLANEOUS

 

8.1  Any amendment or modification of this Agreement or any waiver of any breach of any term or condition of this Agreement must be in a writing signed by both parties in order to be effective.

 

8.2  The failure of either party to insist upon a strict performance of any of the terms or provisions of this Agreement by the other party shall not be construed as a waiver of such rights or of its right to require future performance of that term or condition.

 

8.3  If any portion of this Agreement shall be declared invalid by order, decree or judgment of a court of competent jurisdiction, this Agreement shall be construed as if such portion had not been inserted herein except when such construction would constitute a substantial deviation from the general intent and purpose of the Parties as reflected in this Agreement.

8.4  Upon execution by both parties, this Agreement shall constitute the entire agreement between the parties with respect to the subject matter hereof and supersedes all discussions, negotiations, agreements and past dealings, either oral or written, between or among the parties relating to the subject matter hereof. Any change, modification or amendment of this Agreement shall be in writing and signed by the Party against whom enforcement is sought.

ARTICLE  9

NOTICES

 

All notices, statements, demands, requirements or other communications and documents required or permitted to be given, served or delivered to any Party under this Agreement (a “Communication”) shall be in writing in the English language and shall be either (1) delivered by hand (including, without limitation, delivery by courier) or sent by prepaid certified or registered mail (airmail in the case of all international Communications), with return receipt requested, to that Party at its address stated below, or (2) sent by electronic mail to the Person and email address identified below (and in all cases under this subparagraph (2) a copy shall also be dispatched immediately by prepaid certified or registered mail or by courier or by hand delivery to the addressee), or to such other Person and address as that Party may from time-to-time have notified the other Party as being its representative Person and address for the purposes of this Agreement to the exclusion of all previously applicable Persons and/or addresses.  A Communication once given, served or delivered shall be irrevocable without the consent of the recipient which may be given or withheld in its absolute discretion.  A Communication shall be deemed to have been given served or delivered:

 

(i)    if delivered by hand, upon delivery (including, without limitation, delivery by courier) on the date of the delivery (and in the case of delivery by courier as evidenced by the signed receipt obtained by the courier service upon delivery);

 

(ii)   if sent by mail, upon proof of receipt or refusal; and

 

(iii)  if sent by electronic mail, the date of transmission if during business hours in the place of its receipt or, if it is not, the next succeeding Business Day in the place of its receipt, subject to its having in fact been received; if the electronic mail is not received, then the date of receipt of the paper copy transmitted to the recipient shall control.

 

  

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The addresses of the parties are as follows, until changed by notice:

 

	
Assignee:

	
JIANGSU LEIMONE ELECTRONICS CO., LTD.

Zongyi Digital City,

Tushannan village, Tongzhou City,

Jiangsu Province 226376

Peoples Republic of China

	 	 
	
with a copy to:

	  
	 	 
	
Assignor:

	
Zoom Telephonics, Inc.

207 South Street

Boston, Massachusetts 02111

Attn:  Frank Manning

Email:  frankm@zoom.com

 

	
with a copy to:

	
John L. DuPre’ 

Hamilton, Brook, Smith & Reynolds, P.C.

530 Virginia Road, P.O. Box 9133

Concord, Massachusetts 01742

Email: john.dupre@hbsr.com

ARTICLE  10

MULTIPLE COUNTERPARTS

 

This Agreement may be executed in any number of counterparts, each of which when so executed and delivered to the other Party shall be deemed an original. The executed page(s) from each original may be joined together and attached to one such original and shall thereupon constitute one and the same instrument.

  

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

	
ASSIGNOR:  ZOOM TELEPHONICS, INC.

	 
	 	 	 
	
By: 

	/s/ Frank B. Manning   	 
	 	Frank Manning	 
	 	Chairman and President	 
	 	Address:  207 South Street, Boston, Massachusetts 02111, USA	 

 

	

ASSIGNEE:  JIANGSU LEIMONE ELECTRONICS COMPANY, LTD.

	 	 
	 	 	 	 
	
By: 

	/s/ Lei Gu	 	Date:10/18/2010
	 	 Lei Gu	 	 
	 	Chairman	 	 
	 	
Address: 

Zongyi Digital City, Tushannan village, Tongzhou City, Jiangsu Province 226376 

People’s Republic of China

	 	 

  

8

  

 

 

EXHIBIT A

LIST OF ZOOM MARKS

 

	
China (PRC)

	
ZOOM

	
9

	
9900048553 / 1550074

	
Registered

	
China (PRC)

	
ZOOM

	
35

	
9900048554 / 1451717

	
Registered

	
China (PRC)

	
ZOOM

	
38

	
990004855 / 1427684

	
Registered

	
China (PRC)

	
ZOOM (Chinese Characters) 瞩目

	
9

	
2000098504 / 1777799

	
Registered

	
China (PRC)

	
ZOOM (Chinese Characters) 瞩目

	
35

	
2000098505 / 1749269

	
Registered

	
China (PRC)

	
ZOOM (Chinese Characters) 瞩目

	
38

	
2000098506 / 1707903

	
Registered

	
China (PRC)

	
H LOGO & HAYES

	
9

	
- / 264789

	
Registered

 

 

  

9

  

 

Exhibit B

Transfer Application/Application for Registered Trademarks

 

 

10zmtp_ex105.htm

EXHIBIT 10.5

 

  

 

License Back Agreement in the People’s Republic of China

BY AND BETWEEN

 

JIANGSU LEIMONE ELECTRONICS CO., LTD.

 

AND

 

ZOOM TELEPHONICS, INC.

 

 

 

 

Dated:  October 18, 2010 

 

  

 

  

 

  

 

License Back Agreement in the People’s Republic of China

This License Agreement (“Agreement”) is made as of this 18th day of October, 2010 (“Effective Date”) by and between Jiangsu Leimone Electronics Co., Ltd., a company organized under the laws of the People’s Republic of China (PRC), and Zoom Telephonics, Inc., a corporation organized under the laws of Delaware, USA.  Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”

WHEREAS, Zoom Telephonics, Inc. was the owner of certain rights, title and interest in and to certain Zoom Marks (as defined hereafter) in the PRC;

WHEREAS, on January 28,  2009, Zoom Telephonics, Inc. entered into a license agreement with Tianjin Tong Guang Group Digital Communication Co., Ltd., a company organized under the laws of the PRC (“Tianjin Tong Guang”) granting Tianjin Tong Guang a license to use the Zoom Marks (the “Tianjin Tong Guang License”) worldwide;

WHEREAS, on October 18, 2010, Zoom Telephonics, Inc., Jiangsu Leimone Electronics Co., Ltd. and Tianjin Tong Guang entered into a Binding Letter Agreement (“Binding Letter Agreement”) providing that the Tianjin Tong Guang License was terminated as of the Effective Date of the Binding Letter Agreement;

WHEREAS, on the Binding Letter Agreement further provided that Zoom Telephonics, Inc. would assign its rights, title and interest to the Zoom Marks to Jiangsu Leimone Electronics Co., Ltd.;

WHEREAS, the Binding Letter Agreement further provided that Jiangsu Leimone Electronics Co., Ltd. (the “Licensor”) would grant Zoom Telephonics, Inc. (the “Licensee”) a license back to the Zoom Marks on the terms set forth herein.

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth herein and in the Binding Letter Agreement, and intending to be legally bound hereby, the Parties agree as follows:

1.  The Licensor hereby grants a royalty-free non-exclusive right to the Licensee to use the Zoom trademarks listed on Schedule A (“Zoom Marks”) in connection with the goods and services listed on Schedule B ("Licensed Goods and Services") in the PRC, not including Hong Kong SAR, Macao SAR and Taiwan (“Territory”) in accordance with the terms set forth in this Agreement.

 

a.  Licensor represents to Licensee that (i) Licensor has registered the ZOOM Marks as shown on Schedule A; and (ii) to Licensor’s knowledge, no Person is contesting the registrations as of the date hereof.

 

b.  As of the date hereof, Licensor is not engaged in the defense of any intellectual property infringement claim brought by any Person alleging that any of the ZOOM Marks infringe upon another’s intellectual property.

 

c.  Licensee acknowledges and agrees that the rights granted herein are subject to the provisions contained in Article 8, “Effect of Termination” of the Tianjin Tong Guang License, which is attached hereto as Exhibit C.  Licensee acknowledges and agrees that any and all acts taken by Tianjin Tong Guang in accordance with Article 8 of the Tianjin Tong Guang License shall not constitute a breach of this Agreement.

  

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2.  Licensor reserves the right to use, and to grant to any other licensee the right to use, the ZOOM Marks in connection with items other than the Licensed Goods and Services within the Territory.

3.  Licensor shall have the right to review and approve of the use of the ZOOM Marks by Licensee for its products in the PRC. Licensee’s current use of the ZOOM Marks in the PRC and Licensee’s uses to date are expressly approved. Licensee’s future use of the ZOOM marks in the areas listed in schedule B are expressly approved.

4.  The name of the Licensee and the original place of manufacture of goods shall be marked on the Licensed Goods.

5.  Licensee’s current use of the Zoom Marks and the Licensee’s uses to date in compliance with this Agreement shall be deemed expressly approved by Licensor.

6.  Licensee agrees to cooperate with Licensor in facilitating control by Licensor or its designee of the nature and quality of the services rendered and goods sold or used by Licensee in connection with the ZOOM Marks and the Licensed Goods and Services, and to supply Licensor or its designee with specimens of representative uses of the ZOOM Marks upon request. Licensee shall comply with all Applicable Laws and regulations and obtain all appropriate governmental approvals relating to the sale or manufacture of goods and the sale or rendering of services by Licensee under the ZOOM Marks. Licensor shall reasonably cooperate with Licensee where appropriate and as requested to facilitate Licensee’s compliance with all applicable laws relating to the sale or manufacture of goods and the sale or rendering of services by Licensee under the ZOOM Marks.

7.  Until otherwise terminated by the parties in writing, the term of this Agreement shall be perpetual.

8.  Licensee acknowledges that the ZOOM Marks have acquired valuable goodwill in the minds of the trade and the public and those services and products bearing the ZOOM Marks have acquired a desirable reputation.  Within the Territory, Licensee acknowledges that it has no claim to any right, title and interest in and to the ZOOM Marks or any and all forms or embodiments thereof nor to the goodwill attached to the ZOOM Marks in connection with the business, operations and goods in relation to which the same have been and may be used by Licensee or by Licensor, except as expressly set forth in this Agreement.

9.  Within the Territory, Licensee acknowledges that only Licensor may file and prosecute a trademark, service mark, copyright or other application or applications to register the ZOOM Marks or any other proprietary rights related thereto in any jurisdiction.  Licensee shall (at Licensor’s expense) do such commercially reasonable things as Licensor or its designee may reasonably request in connection with the registration or protection of the ZOOM Marks or any other proprietary rights related thereto including, without limitation, entering into and filing with the relevant authority a registered user agreement.

  

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10. Licensee agrees and undertakes to use the ZOOM Marks strictly in compliance with and observance of any and all trademark and copyright laws and to use such markings in connection with the ZOOM Marks as may commercially reasonably be requested by Licensor.

11. All use of the Zoom Marks by Licensee in the Territory inures to and shall be for the benefit of  Licensor.

12. Licensee shall never (i) challenge the validity or ownership of any of the ZOOM Marks by Licensor or any application for registration thereof or any registrations thereof in the Territory by Licensor or (ii) contest the fact that Licensee’s rights under this Agreement shall terminate upon termination of this Agreement within the Territory.

13. Licensee accepts that it shall have no remedies against Licensor in the event that Licensee is prevented from using the ZOOM Marks or any part of them.

14. The conduct of any legal or other action, including any proceeding before any court or governmental authority, arising from any dispute with any third party concerning use of any of the ZOOM Marks or any confusingly similar name or mark (a “Relevant Action”) shall, within the Territory, at Licensor’s option (exercisable by written notice given by Licensor to Licensee at any time), be under the absolute control of Licensor.

In particular, without limitation, upon Licensor exercising its option Licensor shall have the sole power to conduct any Relevant Action and to determine whether and when any settlement or compromise should be made or paid in respect of any Relevant Action and Licensee shall not be entitled to conduct any Relevant Action or to make or pay any such settlement or compromise without the consent of Licensor.  Licensor shall have the sole power and absolute discretion to determine what action, if any, will be taken with respect to any unauthorized use, infringement or act of unfair competition by third parties to stop such use, infringement or act or otherwise to protect any of the ZOOM Marks. Licensee shall, at Licensor’s expense, cooperate with Licensor with respect to any Relevant Action, and if requested by Licensor, Licensee will join with Licensor as a party to any action brought by Licensor for such purpose at Licensor’s expense. Any recovery as a result of such action shall belong solely to Licensor and Licensee shall account to Licensor in respect of any amounts received by it as a result thereof, except to the extent necessary for Licensee to reimburse itself for actual, reasonably incurred out-of-pocket expenses and fees incurred by Licensee in the conduct of such action at Licensor’s request and substantiated by written evidence provided to Licensor.

15.  Termination by Licensor:

 

If at any time:

 

	
1.     

	
Licensee breaches any material provision of this Agreement and, in the case of a breach which is capable of remedy, such breach is not remedied within ninety (90) days of the date of service upon Licensee of a notice given by Licensor requiring that it be remedied, or if such breach is capable of remedy but cannot reasonably be remedied or cured within such ninety (90)-day period, and Licensee fails to commence such remedy or cure within such ninety (90)-day period or at any time thereafter fails diligently to prosecute such remedy or cure to completion;

 

	
2.     

	
the performance by Licensor or Licensee of any of their respective material obligations under this Agreement shall be illegal under Applicable Laws or under the laws of the jurisdiction in which Licensor and Licensee are incorporated or formed or the laws of any jurisdiction where Licensor carries on business or holds assets; or

 

  

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3.     

	
an effective resolution is passed, or an effective order made by a court of competent jurisdiction, for the dissolution, liquidation or winding up of Licensee or any event having similar consequences occurs in any jurisdiction in which a material part of its assets is held;

 

such occurrences shall be defaults under this Agreement (other than clause (ii) above) and Licensor may, by not less than ninety (90) days’ notice, terminate this Agreement with effect from the expiration of such notice.

16.  Termination by Licensee:

 

If at any time:

 

	
1.     

	
Licensor breaches any material provision of this Agreement and, in the case of a breach which is capable of remedy, such breach is not remedied within ninety (90) days of the date of service upon Licensor of a notice given by Licensee, or if such breach cannot reasonably be remedied or cured within such ninety (90)-day period, Licensor fails to commence such remedy or cure within such ninety (90)-day period or at any time thereafter fails diligently to prosecute such remedy or cure to completion;

 

	
2.     

	
the performance by Licensor or by Licensee of any of their respective obligations shall be illegal under Applicable Laws; or

 

	
3.     

	
an effective resolution shall be passed, or an effective order made by a court of competent jurisdiction, for the dissolution, liquidation or winding up of Licensor or any event having similar consequences occurs in any jurisdiction in which a material part of its assets is held, or a receiver or similar officer is appointed of any material part of its assets, or Licensor becomes insolvent or is unable to pay its debts as they fall due or suspends payment of its debts or enters into any composition or arrangement for the benefit of its creditors;

such occurrences shall be defaults under this Agreement (other than clause (ii) above) and Licensee may, by ninety (90) days’ notice in writing (or immediately in the case of clause (iii) where Licensor is insolvent or unable to pay its debts or suspends payment of its debts), terminate this Agreement with effect from the expiration of such notice.

17.  Upon the termination of this Agreement, Licensee shall forthwith discontinue all use of any of the ZOOM Marks and any variation or simulation thereof, or any mark, name, logo or design similar to any of the ZOOM Marks, or any other proprietary rights related thereto and shall forthwith cease to use (and shall upon request deliver up to Licensor or destroy on oath) any business materials, advertising or promotional materials, operating supplies or equipment bearing any of the ZOOM Marks, any variation or simulation thereof, or any mark, name logo or design similar to any of the ZOOM Marks in the Territory.  Upon such termination, Licensee hereby irrevocably releases and disclaims any right or interest in or to any and all of the ZOOM Marks in the Territory and proprietary rights related thereto, and Licensee agrees that all rights in the ZOOM Marks in the Territory, proprietary rights related thereto and goodwill connected therewith remain the property of Licensor. Licensee shall be permitted for a period of ninety (90) days from the date of termination to use or sell inventory, operating supplies or equipment bearing any of the ZOOM Marks, any variation or simulation thereof, or any mark, name, logo or design similar to any of the ZOOM Marks, only in connection with the Licensed Goods and Services, but not otherwise or thereafter and provided that such use is at all times consistent with Paragraph 6.

  

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18.  The provisions of Paragraphs 17, , 22, 23, 24, 25, 26, 28, and 29  hereof shall survive any termination of this Agreement.

19.  The license granted herein by Licensor is strictly personal to Licensee and none of the rights granted to Licensee hereunder may be assigned, transferred or sub-licensed by Licensee to any Person without the prior written consent of Licensor, although such consent should not be unreasonably withheld.  In the event that the assignment or transfer by Licensee is part of the sale of the company of Zoom Telephonics or as part of a sale of Zoom Telephonics product rights assets, such as ADSL product rights assets or all Zoom Telephonics product rights assets, then Licensor’s written consent is not required provided that Zoom Telephonics shall cause the purchaser of the company of Zoom Telephonics, or its product rights assets, to agree in writing not to hinder, damage or infringe upon Licensor’s existing rights to and benefits from the Zoom Marks.

20.  [Deleted intentionally.]

21.  [Deleted intentionally.]

22.  The failure of either party to insist upon a strict performance of any of the terms or provisions of this Agreement, or to exercise any option, right or remedy herein contained, shall not be construed as a waiver or as a relinquishment of such term, provision, option, right or remedy, but the same shall continue and remain in full force and effect.  No waiver by either party of any term or provision hereof shall be deemed to have been made unless expressed in writing and signed by such Party.

23. If any portion of this Agreement shall be declared invalid by order, decree or judgment of a court of competent jurisdiction, this Agreement shall be construed as if such portion had not been inserted herein except when such construction would constitute a substantial deviation from the general intent and purpose of the Parties as reflected in this Agreement.

24.  The Parties shall take any actions including, without limitation, execute any further documentation necessary to make this Agreement, or to confirm that this Agreement is, fully and legally effective, binding and enforceable as between them and as against third parties, and to enable the Parties to perfect their rights.

25.  This Agreement and the Exhibits referred to herein constitute the entire agreement between the Parties relating to the subject matter hereof, superseding all prior agreements or undertakings, oral or written. Each Party confirms to the other Party that in entering into this Agreement it has not relied on any statement, warranty or other representation made or information supplied, by or on behalf of the other Party. Any change, modification or amendment of this Agreement shall be in writing and signed by the Party against whom enforcement is sought.

 

  

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26. All notices, statements, demands, requirements or other communications and documents required or permitted to be given, served or delivered to any Party under this Agreement (a “Communication”) shall be in writing in the English language and shall be either (1) delivered by hand (including, without limitation, delivery by courier) or sent by prepaid certified or registered mail (airmail in the case of all international Communications), with return receipt requested, to that Party at its address stated below, or (2) sent by electronic mail to the Person and email address identified below (and in all cases under this subparagraph (2) a copy shall also be dispatched immediately by prepaid certified or registered mail or by courier or by hand delivery to the addressee), or to such other Person and address as that Party may from time-to-time have notified the other Party as being its representative Person and address for the purposes of this Agreement to the exclusion of all previously applicable Persons and/or addresses. A Communication once given, served or delivered shall be irrevocable without the consent of the recipient which may be given or withheld in its absolute discretion. A Communication shall be deemed to have been given served or delivered:

	
1.     

	
if delivered by hand, upon delivery (including, without limitation, delivery by courier) on the date of the delivery (and in the case of delivery by courier as evidenced by the signed receipt obtained by the courier service upon delivery);

 

	
2.     

	
if sent by mail, upon proof of receipt or refusal; and

 

	
3.     

	
if sent by electronic mail, the date of transmission if during business hours in the place of its receipt or, if it is not, the next succeeding Business Day in the place of its receipt, subject to its having in fact been received; if the electronic mail is not received, then the date of receipt of the paper copy transmitted to the recipient shall control.

27.   This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one (1) and the same agreement.  This Agreement may be executed using signature pages sent by electronic mail where the Party using such signature pages represents that the electronically transmitted page is a true and accurate copy of an original execution page.

28.  This Agreement shall benefit and be binding upon the Parties hereto and their respective successors and assigns.

29.  This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.  Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts in the State of Delaware.

  

7

  

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

 

	FOR:  JIANGSU LEIMONE ELECTRONICS COMPANY LTD.	 
	 	 	 
	
By: 

	/s/ Lei Gu 	 
	 	Name: Lei Gu	 
	 	Title: Chairman	 
	 	 	 

	FOR:  ZOOM TELEPHONICS, INC.	 
	 	 	 
	
By: 

	/s/ Frank B. Manning    	 
	 	Name: Frank Manning	 
	 	Title: Chairman & President	 
	 	 	 

 

  

8

  

 

Schedule A

LICENSED MARKS

 

	
China (PRC)

	
ZOOM

	
9

	
9900048553 / 1550074

	
Registered

	
China (PRC)

	
ZOOM

	
35

	
9900048554 / 1451717

	
Registered

	
China (PRC)

	
ZOOM

	
38

	
990004855 / 1427684

	
Registered

	
China (PRC)

	
ZOOM (Chinese Characters) 瞩目

	
9

	
2000098504 / 1777799

	
Registered

	
China (PRC)

	
ZOOM (Chinese Characters) 瞩目

	
35

	
2000098505 / 1749269

	
Registered

	
China (PRC)

	
ZOOM (Chinese Characters) 瞩目

	
38

	
2000098506 / 1707903

	
Registered

	
China (PRC)

	
H LOGO & HAYES

	
9

	
- / 264789

	
Registered

 

  

9

  

 

Schedule B

 

LICENSED GOODS AND SERVICES

 

 

  

10

  

LICENSED GOODS AND SERVICES

GOODS:  Telecommunications and computer peripheral products, including, modems, routers, dial-up modems, ADSL modems and routers, cable modems and routers, cellular data-only modems and routers, Wi-Fi adapters and routers, keyboards, keyboards for use with computers that use a high-definition television as a monitor, computers that use a high-definition television as a monitor, and parts and accessories for such goods;

SERVICES:  All retail sales, repair and maintenance of the above-mentioned goods; internet services, including, provision of mobile broadband access to data on the Internet, providing electronic texting services, and providing email services; web services, including, web conferencing services; voice services, including, voice of internet protocol (VoIP) services, transmission of voice by data networks, and transmission of voice by switched voice data networks.

 

  

11

  

Exhibit C

Tianjin Tong Guang License

 

 

 

 

 

 

 

12

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