Document:

landmark8kex102092310.htm

 

Form 8-K, Exhibit 10.2

PATENT AND ASSETS TRANSFER AGREEMENT

This Patent and Assets Transfer Agreement (“Agreement”) is entered on this September 15, 2010 among and between大连朗马克能源科技有限公司Dalian Landmark Energy Technology Co, Ltd (“Dalian Landmark”), a limited liability company formed under the laws of the People’s Republic of China, and大连美商安科瑞能源科技有限公司Dalian Aquarius Energy Technology U.S.A..Co., Ltd (“Dalian Aquarius”), a limited liability company formed under the laws of the People’s Republic of China; Dalian Landmark and Dalian Aquarius are hereinafter collectively referred to “Parties”.

WHEREAS, Dalian Aquarius has developed one or more patents for the generation of hydrogen through proprietary designed machines (“Machines”) and owns  certain assets related to Machines;

WHEREAS, Dalian Landmark desires  to acquire the said patents and certain assets related to Machines;

NOW, THEREFORE, in consideration of the premises and the agreements set forth herein, Parties agree as follows:

SECTION 1: TRANSFER OF PATENTS AND ASSETS

Dalian Aquarius agrees to transfer and assign to Dalian Landmark the patents (“Patents”) and the assets (“Assets”) related to the Machines, which are set forth in the Exhibit A attached hereto. Dalian Aquarius will promptly assist Dalian Landmark to complete all the regulatory and administrative filing and registering procedures to effectuate the transfer of the Patents and Assets.

SECTION 2: PROMISSORY NOTE AND WORKING CAPITAL

In exchange for the Patents and Assets described in Section 1, Dalian Landmark  shall execute and deliver to  Dalian Aquarius a Promissory Note, the form of which is attached hereto as Exhibit B, to pay US $ 2,780,000.00 (or RMB 18,848,400.00 Yuan)  (“Transfer Price”) to Dalian Aquarius. At the option of Dalian Aquarius and its assigns or successors, the said Promissory Note may be converted into 1,000,000 shares of common stock of Landmark Energy Enterprise Inc (“LNDG”), at the conversion price of $ 2.78 per share, subject to the consent of LNDG.

SECTION 3: CONFIDENTIALITY

 

	
(1).

	
Except to the extent expressly authorized by this Agreement or otherwise agreed in writing, the Parties agree that the receiving Party shall keep confidential and shall not publish or otherwise disclose or use for any purpose other than as provided for in this Agreement any Confidential Information of the other Party.  As used herein, “Confidential Information” means any information and materials other than the Patents furnished to a Party by the other Party pursuant to this Agreement that (a) the disclosing Party has marked as confidential or proprietary, or (b) the disclosing Party identifies as confidential at the time of oral disclosure to the receiving Party, except to the extent that it can be established by the receiving Party that such Confidential Information was already known to the receiving Party, other than under an obligation of confidentiality, at the time of disclosure by the other Party, as evidenced by written records maintained by the receiving Party in the ordinary course of business; or was generally available to the public or otherwise part of the public domain at the time of its disclosure to the receiving Party; or became generally available to the public or otherwise part of the public domain after its disclosure and other than through any act or omission of the receiving Party in breach of this Agreement; or was disclosed to the receiving Party, other than under an obligation of confidentiality, by a Third Party who had no obligation to the disclosing Party not to disclose such information to others.

 

 

 

  

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(2)

	
Each Party may disclose Confidential Information hereunder to the extent such disclosure is reasonably necessary to comply with applicable governmental laws, rules and regulations or orders issued by a court of competent jurisdiction. If a Party is required by law or regulation or court order to make any such disclosure of the other Party’s Confidential Information it will give reasonable advance notice to the other Party of such disclosure requirement and shall permit the other Party to intervene therein to protect its interests in its Confidential Information, and provide full cooperation and assistance to other Party in seeking to obtain such protection.

SECTION 4: REPRESENTATIONS AND WARRANTIES; LIMITATION

 

	
(1)  

	
Each of the Parties represents and warrants to the other Party that (a) it has full right, power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby, (b) this Agreement is a legal and valid obligation binding upon such Party and enforceable in accordance with its terms, and (c) the execution, delivery and performance of the Agreement by such Party does not conflict with any agreement, instrument or understanding, oral or written, to which it is a Party or by which it is bound, nor to such Party’s knowledge, violate any law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it.

	
(2)  

	
Dalian Aquarius hereby represents and warrants to Dalian Landmark that

	
  

	
 

	
  

	
(a)     Dalian Aquarius is the rightful and exclusive owner of all right, title and interest in and to the Patents and Assets;

	
  

	
 

	
  

	
(b)     the Patents and Assets are free and clear of any liens, license rights, security interests, encumbrances or rights to repurchase;

	
  

	
 

	
  

	
(c)     each of the Patents is properly filed or issued, as applicable, currently in compliance with formal legal requirements (including, without limitation, payment of filing, examination and governmental taxes and maintenance fees) and enforceable and, to the knowledge of Dalian Aquarius, valid.

	
  

	
 

	
  

	
(d)     there are no pending, or, to the knowledge of Dalian Aquarius, threatened claims against Dalian Aquarius claiming that the making, using, selling, offering for sale or importing of products or services which are covered by the subject matter of the claims of the Patents infringe on or violate any patent or other intellectual property right of a person or entity or that any of the Patents is invalid or unenforceable and Dalian Aquarius is not aware of any facts or circumstances that would form the basis for a determination that any of such Patents are invalid or unenforceable.

 

 

 

  

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SECTION 5: MISCELLANEOUS

(1) Governing Law; Successors and Assigns.  This Agreement shall be governed and construed in accordance with the law of the People’s Republic of China and shall be binding upon the heirs, personal representatives, executors, administrators, successors and assigns of the parties.

(2) Indemnification. (a) Dalian Aquarius shall fully indemnify, defend, and hold harmless Dalian Landmark from and against any and all claims, losses, damages, expenses, and liability arising from this Agreement, provided that such claim, loss, damage, expense, or liability does not arise from the negligence of Dalian Landmark; (b) Dalian Landmark shall fully indemnify, defend, and hold harmless Dalian Aquarius from and against any and all claims, losses, damages, expenses and liability arising from this Agreement, provided that such claim, loss, damage, expense, or liability does not arise from the negligence of Dalian Aquarius.

(3) Entire Agreement.  This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes and replaces any prior agreement or understanding.

(4) Headings.  The headings of the Sections of this Agreement are for convenience and shall not by themselves determine the interpretation of this Agreement.

(5) Counterparts.  This Agreement may be executed in any number of counterpart copies, all of which copies shall constitute one and the same instrument.

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

大连朗马克能源科技有限公司

Dalian Landmark Energy Technology Co, Ltd

By: /s/ Yidian Dong

Yidian Dong

Director

大连美商安科瑞能源科技有限公司

Dalian Aquarius Energy Technology U.S.A..Co., Ltd

By:/s/ Te-Hung Chou

Te-Hung Chou

Director

 

 

 

  

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Exhibit A

Patents:

Patent No. 200820218700.8

Other Assets:

Trademark

Work in Progress

Technical drawings and specifications

Instruction and operating manuals

Tools, dies and equipment necessary for the construction or testing of the machine

Any and all designs, drawings, manuals, technical descriptions, quality control manuals

Or other documents (whether in electronic or written form) necessary or related to

The manufacture, operation or testing of the machines

Any other document, file, tool, equipment, drawing, manual and material necessary for the further development, improvement and application of the technology underlying the Patents.

 

 

 

  

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Exhibit B

PROMISSORY NOTE

 

1. Promise to Pay. For value received, Dalian Landmark Energy Technology Co, Ltd (“Dalian Landmark”) promises to pay Dalian Aquarius Energy Technology U.S.A..Co., Ltd (“Dalian Aquarius”) US $ 2,780,000.00 (or RMB 18,848,400.00 Yuan)

 

2. Application of Payments. Payments will be applied first to interest and then to principal.

 

3. Prepayment. Dalian Landmark may prepay all or any part of the principal without penalty.

 

4. Security. This is an unsecured note.

 

5. Conversion into Stock. Subject to the consent of Landmark Energy Enterprise Inc, the total amount of this Promissory Note may be converted into 1,000,000 shares of common stock of Landmark Energy Enterprise Inc, at the conversion price of $ 2.78 per share, at the option of Dalian Aquarius and its assigns or successors.

 

The undersigned and all other parties to this note, whether as endorsers, guarantors or sureties, agree to remain fully bound until this note shall be fully paid and waive demand, presentment and protest and all notices hereto and further agree to remain bound notwithstanding any extension, modification, waiver, or other indulgence or discharge or release of any obligor hereunder or exchange, substitution, or release of any collateral granted as security for this note. No modification or indulgence by any holder hereof shall be binding unless in writing; and any indulgence on any one occasion shall not be an indulgence for any other or future occasion. Any modification or change in terms, hereunder granted by any holder hereof, shall be valid and binding upon each of the undersigned, notwithstanding the acknowledgement of any of the undersigned, and each of the undersigned does hereby irrevocably grant to each of the others a power of attorney to enter into any such modification on their behalf. The rights of any holder hereof shall be cumulative and not necessarily successive. This note shall take effect as a sealed instrument and shall be construed, governed and enforced in accordance with the laws of the People’s Republic of China.

 

大连朗马克能源科技有限公司

Dalian Landmark Energy Technology Co, Ltd

By:_________________________

Yidian Dong

Director

大连美商安科瑞能源科技有限公司

Dalian Aquarius Energy Technology U.S.A..Co., Ltd

By:_________________________

Te-Hung Chou

Director

 

 

 

  

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Consent of Landmark Energy Enterprise Inc

 

As the Chief Financial Officer and Director of Landmark Energy Enterprise Inc, a Nevada corporation (“Company”), I hereby fully consent to and approve that the Promissory Note between Dalian Landmark Energy Technology Co, Ltd and Dalian Aquarius Energy Technology U.S.A..Co., Ltd, in the amount of US $ 2,780,000.00 (or RMB 18,848,400.00 Yuan) and dated _____________, 2010, may be converted into 1,000,000 shares of common stock of Company, at the conversion price of $ 2.78 per share, at the option of Dalian Aquarius and its assigns or successors.

 

 

 

Landmark Energy Enterprise Inc

 

 

By:_________________________

Yidian Dong

Director, Chief Financial Officer

 

Date: ____________, 2010

 

 

  

6landmark8kex103092310.htm

 

Form 8-K, Exhibit 10.3

LICENSE AND MANUFACTURE AGREEMENT

This License and Manufacture Agreement (the "Agreement") is entered into on this September 15, 2010 by and between 大连朗马克能源科技有限公司 Dalian Landmark Energy Technology Co., Ltd, a limited liability company formed under the laws of the People’s Republic of China ("Dalian Landmark") and 大连美商安科瑞能源科技有限公司 Dalian Aquarius Energy Technology U.S.A..Co., Ltd (“Dalian Aquarius”), a limited liability company formed under the laws of the People’s Republic of China.

WHEREAS

A. Dalian Landmark owns all right, title and interest in and to the patent rights and the related documents and material (“Patent Rights”) for the generation of hydrogen through proprietary designed machines (“Machines”), the details  of which are s set forth in the Exhibit A attached hereinafter;

B. Dalian Landmark is willing to grant and Dalian Aquarius accepts a non-exclusive license to use the  Patent Rights in accordance with the terms and conditions set forth in this Agreement; and

C. Dalian Landmark and Dalian Aquarius also desire to enter agreement on the manufacturing, leasing, marketing and sales of the Machines;

NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and agreements hereinafter set forth and other good and valuable consideration, as set forth herein, Dalian Landmark and Dalian Aquarius agree as follows:

Section 1. Grant of License

1.1           Dalian Landmark hereby grants to Dalian Aquarius, in accordance with the terms and conditions of this Agreement, a non-exclusive and non-transferrable license to use Patent Rights to manufacture the Machines in the People’s Republic of China. Dalian Aquarius shall not permit and allow any third party to use the Patents Rights without the prior written approval of Dalian Landmark.

1.2           Dalian Aquarius acknowledges that Dalian Landmark is the sole and exclusive owner of Patent Rights and of all associated governmental registrations and pending registrations, and Dalian Aquarius shall do nothing inconsistent with such ownership. Dalian Aquarius further agrees that it will not claim ownership rights to Patent Rights, or any derivative, compilation, sequel or series, or related Patent Rights owned by or used by Dalian Landmark. Dalian Aquarius agrees that nothing in this Agreement shall give Dalian Aquarius any right, title, or interest in Patent Rights other than the right to use the same in accordance with this Agreement.

 

 

  

  

  

1.3           Dalian Aquarius hereby accepts such license and agrees that Dalian Aquarius shall not use Patent Rights except in accordance with the terms and conditions of this Agreement. Dalian Aquarius acknowledges and agrees that the license granted herein is non-exclusive and that Dalian Landmark may license others to use Patent Rights subject to any limitations set forth herein.

1.4           Dalian Aquarius agrees that Dalian Landmark may appoint one representative to the Board of Directors or the equivalent governing body of Dalian Aquarius and Dalian Aquarius shall execute or cause to be executed necessary corporate documents to effectuate such appointment.

1.5           Dalian Landmark agrees that Dalian Aquarius may appoint one representative to the Board of Directors or the equivalent governing body of Dalian Landmark and Dalian Landmark shall execute or cause to be executed the necessary corporate documents to effectuate such appointment.

Section 2. Manufacturing and Sales of Machines

2.1              Dalian Aquarius agrees to manufacture, test, deliver Machines to Dalian Landmark and provide technical support to Dalian Landmark for the Machines.

2.2     Dalian Aquarius shall sell the manufactured Machines to Dalian Landmark at cost and Dalian Aquarius shall not make profits from the sales of the Machines to Dalian Landmark.

2.3              In the event that Dalian Aquarius sell the Machines to any other third party, Dalian Aquarius shall pay a license fee equal to 6% of the total sales price to Dalian Landmark.

2.4              Dalian Landmark shall provide the working capital for Dalian Aquarius to launch the manufacturing of the Machines and the provided working capital shall be used solely for the purpose of the production of the Machines and the related administrative expenses, with all provided working capital to be properly accounted for and managed pursuant to a financial oversight committee consisting of two (2) representatives each of Dalian Landmark and Dalian Aquarius.

Section 3. Term and Termination

3.1           This Agreement shall commence as of the Effective Date and shall continue in full force and effect for a period of 3 years, and shall automatically renew for additional 3 years periods, unless either party provides written notice of non-renewal to the other party, not less than sixty (60) days prior to the expiration of any one (1) year term.

3.2           In the event that Dalian Aquarius fails to maintain its good corporate standing in the People’s Republic of China, Dalian Landmark, at its sole discretion may immediately terminate this Agreement.

3.3           In the event that Dalian Aquarius seeks bankruptcy, either voluntarily or involuntarily, Dalian Landmark may, at its sole discretion, terminate this Agreement. Upon filing for, or being subjected to bankruptcy, Dalian Aquarius shall name Dalian Landmark as a creditor for all royalties which are due, or may become due, under the terms of this Agreement.

 

 

  

  

  

3.4           In the event that Dalian Aquarius sells all of its assets to a third party, or otherwise cease to exist in its current form, Dalian Landmark, at its discretion, may immediately terminate this Agreement.

3.5           In the event that Dalian Aquarius violates any term of this Agreement, Dalian Landmark, at its discretion, may terminate this Agreement by delivering to Dalian Aquarius a 10 days advance written notice.

3.6           Upon termination or expiration of the license granted under this Agreement by operation of law or otherwise, all rights (including the right to use Patent Rights) privileges and obligations arising from this Agreement shall cease to exist.

3.7            Upon termination of this Agreement, Dalian Landmark agrees to allow Dalian Aquarius One (1) month to deplete existing inventories of goods bearing Patent Rights. Dalian Aquarius agrees to discontinue use of Patent Rights, upon termination of this Agreement, as quickly as practicable, and in no event longer than the time specified herein.

3.8           Within 10 days of termination of this Agreement, Dalian Aquarius shall promptly return to Dalian Landmark all the documents, file, drawings, manuals, instruction, technical specifications and any other material related to Patent Rights, as defined in Exhibit A attached hereto.

Section 4. Use of Patent Rights

4.1           Dalian Landmark shall have control over the quality of use of Patent Rights and the quality of Machines manufactured under Patent Rights. At the option of Dalian Landmark, for all advertisements and packaging of the Machines, Dalian Aquarius shall (i) display with all units of the Machines an approved symbol notifying the consumer of the patent and/or trademark rights owned by and licensed within this Agreement. Dalian Landmark will provide to Dalian Aquarius an approved patent notice to be prominently displayed on each unit of Machines. Dalian Aquarius agrees to (ii) mark all Patent Rights with any reasonable patent and/or trademark notices provided by Dalian Landmark and (iii) comply with any reasonable standards promulgated by Dalian Landmark that relate to the use of Patent Rights by Dalian Aquarius.

Section 5. Indemnification

5.1            Dalian Aquarius shall fully indemnify, defend, and hold harmless Dalian Landmark from and against any and all claims, losses, damages, expenses, and liability arising from the use by Dalian Aquarius, or any of its authorized sublicenses, of Patent Rights, whether or not such use conforms to standards set by Dalian Landmark, provided that such claim, loss, damage, expense, or liability does not arise from the negligence of Dalian Landmark.

5.2           Dalian Landmark shall fully indemnify, defend, and hold harmless Dalian Aquarius from and against any and all claims, losses, damages, expenses and liability arising from Dalian Aquarius’s authorized use of Patent Rights, provided that such claim, loss, damage, expense, or liability does not arise from the negligence of Dalian Aquarius.

 

 

  

  

  

5.3            Dalian Landmark shall maintain all governmental registration of Patent Rights. In the event that Dalian Aquarius becomes aware of any claimed or alleged infringement of Patent Rights by a third party, Dalian Aquarius shall promptly advise Dalian Landmark in writing of the nature and extent of such infringement or dilution. In the event Dalian Landmark sues or takes other action, legal, equitable, administrative, or otherwise, to stop an infringement or dilution of Patent Rights, Dalian Aquarius shall cooperate fully with Dalian Landmark, but Dalian Aquarius shall not be obligated to pay any costs or expenses. Dalian Aquarius has no right to enforce Patent Rights through litigation without prior written authorization of Dalian Landmark. In any legal action arising from use, or ownership rights of Patent Rights, where both Dalian Landmark and Dalian Aquarius are co-parties, Dalian Landmark retains the right to control the litigation, including any and all settlement negotiations.

Section 6. Assignment

6.1           This Agreement (including, without limitation, the license granted hereunder) is personal to Dalian Aquarius and shall not be assigned or transferred by Dalian Aquarius, including, without limitation, by operation of law, except that, with prompt written notice to Dalian Landmark, the Agreement maybe transferred to a purchaser of all or substantially all of the assets of Dalian Aquarius. Any attempt on the part of Dalian Aquarius to assign, sub-license, or transfer Dalian Aquarius’s rights under this Agreement except as provided herein shall be invalid and void. Dalian Landmark shall have the right to assign its rights and obligations under this Agreement and all its right, title and interest in Patent Rights without the consent of Dalian Aquarius.

Section 7. Notices

7.1           Any notice, demand or request required or permitted to be given under the provisions of this Agreement shall be in writing and delivered personally or by registered or certified mail, return receipt requested, with postage prepaid and addressed to other such party. Any such notice shall be effective when received.

Section 8. Arbitration

8.1           All disputes arising from the terms of this Agreement may be subjected to binding arbitration upon consent of both parties, with one arbitrator selected by each party, and a third arbitrator selected by the two chosen arbitrators. This Agreement shall be governed by and construed in accordance with, the laws of the People’s Republic of China and any arbitration shall be brought in Dalian, Liaoning Province, the People’s Republic of China.

 

 

  

  

  

Section 9. Miscellaneous

9.1           This Agreement constitutes the entire agreement and understanding of the parties with respect to the subject matter hereof, superseding any and all prior agreements, understandings, negotiations, and discussions. No amendment, alteration, modification, or waiver of this Agreement shall be binding unless evidenced by an instrument in writing signed by the party against whom enforcement thereof is sought.

9.2           In the event it becomes necessary for either party to file a suit to enforce this Agreement or any provisions contained herein, and either party prevails in such action, then such prevailing party shall be entitled to recover, in addition to all other remedies or damages, reasonable attorney’s fees and court costs incurred in such suit.

9.3           If any provision of this Agreement, or the application of such provision to any person or circumstance shall be held invalid, the remainder of this Agreement, or the application of such provisions to any other persons or circumstances, shall not be affected thereby.

9.4           This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same document.

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

DALIAN AQUARIUS:

/s/ Te-Hung Chou

By: Te-Hung Chou

DALIAN LANDMARK:

/s/ Yidian Dong

By: Yidian Dong

 

 

 

  

  

  

 

Exhibit A

Patent No. 200820218700.8

Other patent related information:

Technical drawings and specifications

Instruction and operating manuals

Any and all designs, drawings, manuals, technical descriptions, quality control manuals

Or other documents (whether in electronic or written form) necessary or related to the manufacture, operation or testing of the machines

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