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SHARE PURCHASE AGREEMENT 

THIS SHARE PURCHASE AGREEMENT dated effective the 29th day of April, 2013

BETWEEN:

CRAIG MCKENZIE

(the "Vendor")

AND:

ALEXANDRE FRIGON

(the "Purchaser")

 

WHEREAS:

 

A. The Vendor is the holder of common shares ("Shares") in the capital of Xumanii, Inc., a Nevada corporation (the "Company");

 

B. The Purchaser wishes to acquire 192,500,000 of the Shares (the "Purchased Shares") held by the Vendor and the Vendor agrees to sell the Purchased Shares to the Purchaser; and

 

C. The parties wish to enter into this Agreement in order to provide for the acquisition by the Purchaser of the Purchased Shares.

 

NOW THEREFORE THIS AGREEMENT WITNESSES that for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and of the premises, covenants and agreements herein set forth, the parties hereto covenant and agree each with the other as follows:

 

1. PURCHASE AND SALE

 

1.1 The Purchaser hereby agrees to acquire, subject to the terms and conditions in this Agreement, from the Vendor, and the Vendor agrees to sell to the Purchaser on the Closing Date (as hereinafter defined), all right, title and interest of the Vendor in and to the Purchased Shares.

 

1.2 In consideration for the Purchased Shares, the Purchaser shall pay the aggregate sum of USD $20,000 (the "Purchase Price") which prior to the date hereof has been paid by the Purchaser to the Vendor.

 

2. REPRESENTATIONS AND WARRANTIES OF THE VENDOR

 

2.1 To induce the Purchaser to enter into and complete the transactions contemplated hereby and to purchase the Purchased Shares, the Vendor, with the knowledge and intent that the Purchaser is relying on such representations and warranties in entering into this Agreement (which representations and warranties, other than those set forth in Section 2.1(c) hereof, shall not survive the Closing), hereby warrants and represents to the Purchaser as follows:

 

			
	  

	(a)

	the Vendor has full right, power and authority to enter into this Agreement and any agreement or instrument referred to or contemplated by this Agreement;

			
	

	(b)

	The execution, delivery and performance by the Vendor of this Agreement, the performance of his obligations hereunder, and the consummation of the transactions contemplated hereby are within the Vendor’s powers. This Agreement has been duly and validly executed and delivered by the Vendor and is a legal, valid and binding obligation of the Vendor, enforceable against him in accordance with its terms. The execution, delivery and performance by the Vendor of this Agreement does not violate any contractual restriction contained in any agreement that binds or affects or purports to bind or affect the Vendor.  Vendor is not a party to any agreement, written or oral, creating rights in respect of any of such Shares in any third party or relating to the voting of the Purchased Shares.  Vendor is the lawful owner of the Shares, free and clear of all security interests, liens, encumbrances, equities and other charges.  Vendor further represents that he does not beneficially own any options or warrants or other rights to purchase shares of Common Stock. At the Closing there will be  no outstanding or authorized options, warrants, rights, calls, commitments, conversion rights, rights of exchange or other agreements of any character, contingent or otherwise, providing for the purchase, issuance or sale of any of the Shares, or any arrangements that require or permit any of the Shares to be voted by or at the discretion of anyone other than the Vendor, and there are no restrictions of any kind on the transfer of any of the Shares other than restrictions on transfer imposed by applicable securities laws or the Company’s Articles.

 

			
	  

	(c)

	there are no outstanding obligations, contingent or otherwise, of the Company to redeem, purchase or otherwise acquire any capital stock or other securities of the Company.

 

			
	  

	(d)

	There are no shareholder agreements, voting trusts or other agreements or understandings to which Vendor is a party or by which the Vendor is bound relating to the voting of any shares of the capital stock of the Company.

 

			
	  

	(e)

	The Shares shall be duly authorized for issuance, when delivered in accordance with the terms of this Agreement, and shall be validly issued, fully paid and nonassessable and the transfer of said Shares shall not be subject to any preemptive or other similar right

 

			
	  

	(f)

	the Vendor is not indebted to the Company;

 

			
	  

	(g)

	the Vendor is the registered and beneficial owner of the Purchased Shares;

 

			
	  

	(h)

	the Vendor has good and sufficient right and authority to enter into this Agreement on the terms and conditions herein set forth and to transfer all legal and beneficial right, title, interest and ownership in and to the Purchased Shares to the Purchaser without the consent of any other person, free and clear of any pre-emptive rights, rights of first refusal or liens, charges or encumbrances whatsoever, in accordance with the terms hereof and this Agreement is a legal, valid and binding obligation of such Vendor enforceable against such Vendor in accordance with its terms; and

 

			
	  

	(i)

	no Person has any agreement, option, understanding or commitment, or any right or privilege (whether by law, pre-emptive or contractual right), capable of becoming an agreement, option or commitment for the purchase from it of any of, or the realization of a security interest over, the Purchased Shares.

 

3. COVENANTS OF THE VENDOR

 

3.1 The Vendor covenants and agrees that it will, from the execution of this Agreement until the Closing Date, in respect of the Purchased Shares:

  

			
	  

	(a)

	not permit the transfer, assignment, sale, encumbrance, hypothecation of the Purchased Shares;

 

			
	  

	(b)

	not take or permit to be taken or suffer any action which would in any way impair or derogate from the right of the Purchaser to acquire on the Closing Date all right, title and interest, both real and beneficial, in and to the Purchased Shares, free and clear of all liens, changes and encumbrances whatsoever; and

 

			
	  

	(c)

	execute all stock Powers of Attorney, undertakings and any and all other documents which may be required in order to transfer the Purchased Shares to the Purchaser on the Closing Date, and will comply with all requirements of all applicable regulatory authorities which may be reasonably necessary to obtain the approvals of such regulatory authorities to the transfer of the Purchased Shares to the Purchaser.

 

4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PURCHASER

 

4.1 The Purchaser hereby represents, warrants and covenants to the Company and the Vendor as follows, and acknowledges that the Company and the Vendor are relying on such representations, warranties and covenants (which representations, warranties and covenants shall survive the Closing):

 

			
	  

	(a)

	the Purchaser is aware that the Purchased Shares will be subject to restrictions on resale imposed under the constating documents of the Company and by the applicable stock exchange policies and securities legislation and the Purchaser agrees to be bound by and to comply with such restrictions;

 

			
	  

	(b)

	the Purchaser's offer to purchase the Purchased Shares has not been induced by any representations with regard to the present or future worth of the Purchased Shares;

 

			
	  

	(c)

	the Purchaser is acquiring the Purchased Shares for investment purposes only, and not with a view to resale or distribution;

 

			
	  

	(d)

	the Purchaser is purchasing the Purchased Shares hereunder as principal, and no Purchaser is acting as nominee for any person or company and the Purchaser will be the sole beneficial owner of the Purchased Shares;

 

			
	  

	(e)

	the Purchaser, either alone or together with its financial advisors, has sufficient financial knowledge and experience to evaluate the merit and risks of an investment in the Purchased Shares on the basis of information presented to the Purchaser;

 

			
	  

	(f)

	the Purchaser and its representatives have been given an opportunity to examine all relevant documents and all necessary information concerning the terms and conditions of the Purchased Shares, the Company and its business and any other matters concerning an investment in the Company;

 

			
	  

	(g)

	the Purchased Shares have not been brought to the attention of the Purchaser through, nor were they accompanied by, any advertisement or offering memorandum;

 

			
	  

	(h)

	the Purchaser is capable of bearing the economic risks of an investment in the Purchased Shares and the Purchaser's present financial condition is such that it is under no present or contemplated future need to dispose of any of the Purchased Shares to satisfy any existing or contemplated undertaking, need or indebtedness;

  

			
	  

	(i)

	the Purchaser will not resell the Purchased Shares except in accordance with the provisions of the constating documents of the Company and the applicable the securities legislation; and

 

			
	  

	(j)

	the entering into of this Agreement and the transactions contemplated hereby will not result in a violation of any of the terms and provisions of any law applicable to the Purchaser, or of any agreement to which the Purchaser is a party or by which it is bound.

 

4.2 The Purchaser hereby acknowledges and agrees that:

 

			
	  

	(a)

	the Company, the Vendor and their respective counsel may rely on the representations and warranties made by the Purchaser above in completing the sale of the Purchased Shares to the Purchaser; and

 

			
	  

	(b)

	in the event that any of the Purchased Shares are subject to a hold period or any other restriction on resale and transferability, the Company may place a legend on the certificates representing such Purchased Shares as may be required by the applicable law or as it may otherwise deem necessary or advisable.

 

4.3 No representation or warranty made by the Purchaser herein or in any document executed by the Purchaser contains any untrue statement of a material fact or omits or will omit to state a material fact necessary in order to make the statements therein not misleading.

 

5. CLOSING CONDITIONS

 

5.1 The obligation of the Purchaser to carry out the terms of this Agreement and to complete the purchase of the Purchased Shares is subject to the fulfillment, on or before the Closing Date, of each of the following conditions, each of which is for the exclusive benefit of the Purchaser:

 

			
	  

	(a)

	the warranties and representations of the Vendor as set forth in section 2.1 of this Agreement shall be true and correct in every material aspect on the Closing Date as if such warranties and representations had been made by the Vendor on the Closing Date;

 

			
	  

	(b)

	any required approvals to the transfer of the Purchased Shares shall have been received; and

 

			
	  

	(c)

	there shall not have occurred prior to the Closing Date, any material adverse change in the position (business, financial or otherwise) or condition or assets of the Company.

 

5.2 The conditions set forth in section 5.1 are for the exclusive benefit of the Purchaser and may be waived by the Purchaser in writing in whole or in part at any time on or before the Closing Date.

 

6. CLOSING DATE

 

6.1 Unless otherwise agreed, the Closing Date is, and the Closing of the acquisition of the Purchased Shares contemplated by this Agreement will take place no later than January _____, 2013.

 

7. DELIVERIES ON CLOSING

 

7.1 On closing, the Vendor will deliver or cause to be delivered to the Purchaser on behalf of the Purchaser or their assigns all required documentation, as acceptable to the Purchaser, representing the Purchased Shares as registered in the name of the Vendor together with duly completed, executed and guaranteed Stock Power of Attorneys, or such other documentation as may be required and as acceptable to the Purchaser, in order to duly transfer the Purchased Shares to the Purchaser or its assigns.

 

 8. GENERAL PROVISIONS

 

8.1 Time is and will be of the essence of each and every provision of this Agreement.

 

 8.2 Each party will, at its own expense, execute and deliver all such further documents and instruments, given all such further assurances, and do all such acts and things as the other parties may, either before or after the Closing Date, reasonably require to carry out the full intent and meaning of this Agreement, but without payment of any consideration therefore.

 

8.3 This Agreement contains the whole agreement between the Vendor and the Purchaser in respect of the subject matter hereof and supersedes and replaces all prior negotiations, communications and correspondence.  There are no warranties, representations, terms conditions or collateral agreements, express or implied, statutory or otherwise, other than as expressly set forth in this Agreement.

 

8.4 This Agreement will enure to the benefit of and be binding upon the Vendor and their respective heirs successors liquidators, executors and assigns and upon the Purchaser and their respective heirs, successors, liquidators, executors and assigns.  No Vendor may assign any of its right, title or interest in, to or under this Agreement.  The Purchaser or any of their assigns, may assign their rights and obligations under this Agreement upon written notice to any other party.

 

8.5 This Agreement is being delivered in and is intended to be performed in Nevada, and shall be construed and interpreted in accordance with the laws of Nevada applicable therein.  The parties irrevocably attorn to the jurisdiction of the courts of Nevada and the venue for any actions or arbitrations arising out of this Agreement will be a Nevada court of suitable jurisdiction.

 

8.6 Any notices, required or permitted to be given under this Agreement will be in writing and will be duly and properly given and received if delivered or telecopied, in each case addressed to the intended recipient at its respective address appearing in the recitals of this Agreement for the Purchaser and the Vendor, (or at such other address as a party may from time to time designate by notice in writing to the other parties in accordance with this subsection), and any such notice will be deemed to have been given 

and received, if delivered, when delivered to such address, and if telecopied, on the next business day after the telecopying of the same.

 

8.7 If any provision of this Agreement shall be determined by an arbitrator or any court of competent jurisdiction to be illegal, invalid or unenforceable, that provision shall be severed from this Agreement and the remaining provisions shall continue in full force and effect.

 

8.8 This Agreement may at any time and from time to time not later than the Closing Date, be amended by mutual agreement of the Vendor and the Purchaser.  The parties agree that if the Vendor or the Purchaser, as the case may be, proposes any amendments to this Agreement, the other will act reasonably in considering such amendments and if the other is not prejudiced by reason of any such amendments, the other will co-operate in a reasonable fashion with the Vendor or the Purchaser, as the case may be, so that such amendments can be effected subject to applicable laws.

9. COUNTERPARTS

 

9.1 This Agreement and any certificates or other writing delivered in connection herewith, may be executed in any number of counterparts with the same effect as if all parties had all signed the same documents, and all such counterparts and adopting instruments will be construed together and will constitute one and the same instrument.  The execution of this Agreement and any other writing by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

 

IN WITNESS WHEREOF the parties have executed and delivered this Agreement as of the day and year first above written.

 

				
	  

	  

	 

VENDOR: CRAIG MCKENZIE

 

 

_/s/_ Craig McKenzie_

Craig McKenzie

	 

	  

	  

	  

	 

	 

	 

	 

	 

	  

	  

	PURCHASER: ALEXANDRE FRIGON

 /s/Alexandre Frigon__

Alexandre FrigonINTELLECTUAL PROPERTY LICENSE AGREEMENT

IP License Agreement

INTELLECTUAL PROPERTY LICENSE AGREEMENT

THIS AGREEMENT is made effective the day of  April 25, 2013 (the “Effective Date”)

BETWEEN: 

Xumanii Inc. (Cayman)

 (the “Licensor”)  

-AND-

Xumanii, Inc. (Nevada)

(the “Licensee”)

(collectively, the “Parties”)

WHEREAS:

The Licensor  owns trademarks  "Xumanii" and Live is Beautiful"  to the following United States and Canada Trademarks represented by files: "Xumanii" (file 1 404 779) and for the phrase "Live is Beautiful" (file 1 407 369) and in the United States "Xumanii" (file 77581679) and for the phrase "Live is Beautiful" (file 77581665).

A.

B.

The Licensee desires a license to use and commercially exploit the Licensor’s Trademarks for use in the furtherance of the Licensee's business plan.    .

C.

The Licensor has agreed to grant an exclusive worldwide license to the Licensee for the use and commercial exploitation of the Trademarks, upon terms and conditions. 

NOW THEREFORE, IN CONSIDERATION of entering into this Agreement, the mutual covenants, conditions and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties covenant and agree as follows:

1

DEFINITIONS

Wherever used in this Agreement, the following words and terms shall have the respective meanings ascribed to them as follows:

“Accounting Period” means the period commencing on the 1st day of the previous month and the last day of the previous month.

“Accrued” means when payment is received by the Licensee or is to accrue on record pursuant to is accounting system.

“Agreement” means this Intellectual Property License Agreement, and includes authorized amendments and schedules, if any;

“Certification” means a sworn or affirmed statement under oath in the form of Schedule A to this Agreement.

“Confidential Information” means all information, in whatever form, that is not generally available to third parties or the public, including without limitation, all research, data, specifications, technical information, devices, concepts, compilations, programs, designs, tooling, plans, drawings, prototypes, models, documents, recordings, instructions, manuals, papers, business practices and strategies, financial information, business plans, know-how including, but not limited to the Know-How, inventions (whether trademarksable or not), techniques, processes, methods of doing business, software, personnel data, contracts, purchase requirements, forecasts and market strategies, data on equipment sold and serviced, plans production processes, product specifications and formulas, methods, technical and product bulletins, surveys, research and development programs, sales reports, or other materials, of any nature or embodiment whatsoever written or otherwise, relating to same, as well as the existence of this Agreement and its terms and conditions.

Confidential Information does not include any information which is publicly available at the time of disclosure or subsequently becomes publicly available through no fault of the recipient party, or is rightfully acquired by the recipient party from a third party who is not in breach of an agreement to keep such information confidential;

“Effective Date” means:   Date of signing

“Improvements” means improvements, modifications and developments relating to the subject matter of the Trademarks including trademarkable inventions including, but not limited to, Trademarks“Know-How” means the information, knowledge, the plans and drawings, and the Trade-Secrets of the Licensor relating to the Trademarks.

“Net Sales Price” means Licensee’s invoice price for all Licensee’s Products.

“Trademarks Rights” means trademarks and trademark applications in any country in respect of an invention owned by the Licensor relating to the Trademarks, including provisions, continuations-in-part, continuations, divisions, Improvements, re-issues and extensions of those trademarks and trademark applications, including inventions covered by United States Trademark Application Numbers.

“Licensed Use” means the right to use and commercially exploit the Trademarks for the Licensee’s Products.

“Licensee’s Products” means any product or service made, used, sold, offered for sale, or otherwise distributed by the Licensee that includes the Trademarks.

“Royalty” means Sales Revenue for the Accounting Period which has Accrued to the Licensee. 

“Sale” means every disposition or provision of goods or services to a person at arm’s length from the seller for any consideration, including renting, leasing, lending and bartering of any product or service involving the use of the Trademarks.

“Sales Revenue” means the total income or value, whichever is higher, net of trade discounts, excise and sales taxes, returns and allowances, in accordance with generally accepted accounting principles, earned from normal bona fide arm’s length transaction from the Sale or use of the Trademarks irrespective of collection of any debt.  If a product or service is sold or disposed other than at arm’s length, or is bartered for other goods, then the Sales Revenue is deemed to be a typical recent price or reasonable price of such a product or service, or their equivalent, whichever is higher.

“Exclusive” means that the right granted solely to the Licensee for the Licensed Use, and that the Licensor will not, subject to the conditions specified in this Agreement, grant to any third party, any rights which would overlap the rights granted to the Licensee.  The Licensor however reserves the full right to use the Trademarks and its Improvements for its purposes and exploitation.

“Trademarks” the Confidential Information, the Trademarks Rights, the Know-How, and the Trade-Secrets. 

 “Territory” means worldwide. 

“Trade-Secrets” means written or oral information, including formulae, patterns, compilations, programs, devices, methods, know-how including, but not limited to Know-How, techniques, process or business information that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.   

2

GRANT AND TERM OF THE LICENSE

GRANT 

Subject to the terms of this Agreement, the Licensor hereby grants to the Licensee the Sole Right to the Trademarks for the Licensed Use in the Territory and the Sole Right to improve, modify and develop the Trademarks for the Licensed Use in the Territory.

2.1

The Licensee shall promptly disclose to the Licensor the improvements or modifications it may discover or acquire during the term of this Agreement.

2.2

The Licensee understands and agrees to assign to the Licensor all the improvements or modifications it discovers or acquires during the term of this Agreement.

2.3

The Licensee agrees to incorporate into all contracts, with all of its employees and contractors, with a provision that all the improvements or modifications discovered or acquired during the term of this Agreement be assigned to the Licensee.  The Licensee understands and agrees that upon the request of the Licensor the Licensee shall provide to the Licensor the Certification that they have complied with this obligation.

2.4

The Licensor shall grant to the Licensee a right to use the  or modifications

2.5

improvements in respect of the Licensed Use in the Territory. 

 

2.6

The Licensee agrees to execute all necessary documents and provide assistance during and subsequent to the term of this Agreement to enable the Licensor to perfect and maintain its right, title and interest in and to all the Improvements, including the preparation, filing and prosecution of any trademarkable invention.

2.7

The Licensee shall make best efforts to use, promote, market, sell, improve, development, modify and otherwise commercially exploit the Trademarks and the Licensees’ Products. 

         TERM

 This Agreement shall become effective on the Effective Date, and shall extend for an 

 initial term of twenty five (25) years (the “Term”) with an additional option for successive twenty-five years or other longer  period that is mutually agreed upon by both parties and shall automatically be renewed on  successive Terms unless either of the Parties by notice in writing at least thirty (30) days before the expiration of the initial term or any renewal hereof, shall advise the other party of its desire to terminate.

3

INSPECTION AND QUALITY STANDARDS

3.1

The quality of the Licensees’ Products shall meet a standard of reasonable quality and service, which shall be determined in the sole discretion of the Licensor (the “Reasonable Quality and Service”).

3.2

The Licensor may request a sample of the Licensees’ Products, at the Licensor’s sole expense, to determine whether they meet the Reasonable Quality and Service.  If the Licensor requests a sample of the Licensees’ Products, the Licensee shall promptly provide the sample.

3.3

In the event that the Licensor determines that the Licensees’ Products do not meet the Reasonable Quality and Service, the Licensor shall give the Licensee notice, within seven (7) days of receiving the sample of the Licensees’ Products pursuant to clause 3.2 of this Agreement.  The notice shall outline the deficiencies and provide that within seven (7) days from the date that the Licensee receives the notice the Licensee shall remedy the deficiencies outlined in the notice.  If the deficiencies are not cured within this seven (7) day period, the Licensor may deliver written notice to the Licensee terminating this Agreement.  

3.4

The Licensee shall, at their own cost, provide a proprietary notice on the Licensees’ Products, and the Licensees’ Products promotional material and product catalogues.  The proprietary notice shall be determined, from time to time set out in written notice to the Licensee by the Licensor acting reasonably.   

4

SUB-LICENSE

4.1

The Licensee shall be entitled to grant sub-licenses to any person at the Licensees  upon written notice and reasonable approval to Licensor.  Licensee shall require the sub-Licensee to (a) execute an agreement with identical terms and conditions to this Agreement and (b) provide an definitive copy of the sub-license agreement with the Sub-Licensee to Licensor, as a pre-condition to such sub-license.  Licensor shall be included as a party of interest and beneficiary of any sub-license agreement.

5

USE OF THE TRADEMARKS

5.1

The Licensee shall comply with all laws applying to the Trademarks, the improvements or modifications and the Licensees’ Products. 

6

OWNERSHIP OF THE TRADEMARKS

6.1

The Licensee acknowledges that all right, title, interest, ownership and any goodwill in and to the Trademarks, the Confidential Information, the Improvements, inventions and other intellectual property shall at all times remain with the Licensor and nothing herein conveys any of such rights to the Licensee.

7

CONSIDERATION AND PERFORMANCE MILESTONES

a)

Licensee shall pay to Licensor  the sum of five thousand dollars $5,000 per annum through the term of the Agreement, post audit.

                      The Licensee shall make such payments to Licensor within thirty (30) days after  

                       the end of each one year period referred to above.

b)

On request by Licensor from time to time, Licensee shall provide to Licensor complete information, particulars, documents and records of or related to Licensee’s use of the Trademarks, its manufacturing, selling, licencing and other dispositions of Licensee’s Products, and of its Net Sales Price.

a.1

The Licensee shall provide to the Licensor sixty (60) days prior to the Effective Date each year that this Agreement is in effect, the Sales Revenue for the Accounting Period.

a.2

The Licensee agrees to keep and maintain records in sufficient detail for the purpose of determining the Sales Revenue for the Accounting Period  The Licensee shall keep and preserve the Sales Revenue Records for the duration of this Agreement and for a period of seven (7) years thereafter.  If the Licensor fails to keep and preserve the Sales Revenue Records for this period of time the Licensor may deliver written notice to the Licensee terminating this Agreement.  

a.3

The Licensor may request inspection of the Sales Revenue Records, at the sole expense of the Licensor.  If the Licensor requests inspection of the Sales Revenue Records, the Licensee shall promptly provide reasonable access to the books and records by an independent auditor to verify payment made by the Licensee to the Licensor according to clause 7 of this Agreement, or any other clause in this Agreement.  

a.4

If the Licensee refuses to provide to the Licensor the Sales Revenue Records, fails to keep and maintain the Sale Revenue Records, or refuses access to the Licensee’s  premises to inspect and commission audits the Licensor may deliver written notice to the Licensee terminating this Agreement.  

a.5

The Licensee shall be liable for interest at a rate of two (2%) percent per month (24% annually) compounded annually on any overdue payment under clause 7 of this Agreement, or any other payment payable under this Agreement, commencing on the date that the payment becomes dues.

a.6

The Licensor may terminate this Agreement upon delivery of written notice to the Licensee if the Licensee has not fulfilled its obligations under clause 7.1 or 7.2 of this Agreement, and such obligations are not fulfilled within thirty (30) days following delivery to the Licensee by the Licensor of written notice identifying the non-fulfilment and stating its intention to terminate this Agreement if the obligations are not fulfilled within the thirty (30) days.

a.7

The Licensee’s obligation to pay the Licensor pursuant to clause 7 of this Agreement, or payment pursuant to any other clause in this Agreement, shall continue to remain after the termination of this Agreement.

2

LICENSOR REPRESENTATIONS AND WARRANTIES

2.1

The Licensor represents and warrants that the Licensor has the power, authority, and capacity to enter into this Agreement and other agreements and instruments to be executed by the Licensor as contemplated by this Agreement and to grant the rights intended to be granted to the Licensee under this Agreement and to perform the Licensor’s obligations under this Agreement.

3

LICENSEE REPRESENTATIONS AND WARRANTIES

3.1

The Licensee represents and warrants that:

a)

the Licensee has the power, authority, and capacity to enter into this Agreement and other agreements and instruments to be executed by the Licensor as contemplated by this Agreement and to grant the rights intended to be granted to the Licensee under this Agreement and to perform the Licensor’s obligations under this Agreement;

b)

the Licensee has the ability and authority to use and commercially exploit the Trademarks in the Territory;

c)

the Licensee has the ability and authority to distribute, sell, sub-license and market the Licensees’ Products in the Territory;

d)

the execution of this Agreement is duly and validly authorized by all necessary authorities and all necessary approvals have been sought;

e)

the execution of this Agreement is not inconsistent with, restricted by or in breach or violation of any other contract, instrument or obligation of the Licensee; 

f)

this Agreement constitutes a legal, valid and binding obligation of the Licensor enforceable against the Licensee;

g)

the Licensee is not an insolvent person within the meaning of applicable bankruptcy, reorganization, insolvency or fraudulent conveyance law and will not become an insolvent person as a result of the transactions contemplated by this Agreement or any of the other agreements or instruments to be executed by the Licensee as contemplated by this Agreement; and  

h)

the Licensee shall not dispute or contest, directly or indirectly, the validity, ownership or enforceability of the Licensor’s right, title and interest in and to the Trademarks, and shall not take any other steps to the detriment of the validity of the Trademarks during the term of this Agreement.

1

CONFIDENTIAL INFORMATION AND TRADE-SECRETS

1.1

The Parties agree to keep the Confidential Information and the Trade-Secrets provided to each other under this Agreement confidential and not to disclose to any person or to use it for any purpose, except as may be necessary in the proper discharge of their obligations under this Agreement. 

1.2

 Prior to disclosing any Confidential Information to any person, Licensee shall first obtain or cause to be obtained, written confidentiality agreements incorporating all of the terms of part 10 of this Agreement with necessary changes, from each and every person to whom such Confidential Information is to be disclosed, including without limitation all directors, officers, employees and contractors of Licensee, and all directors, officers and employees of contractors of Licensee to whom any Confidential Information is to be disclosed.  Without limiting the foregoing, the Licensee agrees to incorporate into all contracts, with all of its employees and contractors, the obligation to keep the Confidential Information and the Trade-Secrets provided to it by the Licensor confidential.

1.3

The Licensee agrees and understands that if the Licensee discloses the Confidential Information or Trade-Secrets, pursuant to clause 10.1 or 10.2 of this Agreement, the Licensee shall be responsible for:

a)

ensuring that the recipient party of this information understands and maintains its confidentiality; and

b)

keeping a list of all persons to whom this information is disclosed to.

a.1

Upon request of the Licensor, the Licensee shall provide the Licensor with the list referred to in clause 10.2(b) of this Agreement, and the Certification that this is a complete and accurate list.

a.2

 Upon request of the Licensor, the Licensee shall provide to the Licensor the Certification that they have complied with the obligation contained in clause 10.2(a) of this Agreement.

a.3

The Confidential Information and the Trade-Secrets may only be disclosed as is required to comply with binding orders of governmental entities or courts of law that have jurisdiction over it, provided that the receiving party:

a)

gives the disclosing party reasonable written notice to allow the disclosing party to seek a protective order or other appropriate remedy;

b)

discloses only such information as is required by the governmental entity or the court of law; and

c)

uses commercially reasonable efforts, at the disclosing party’s cost and expense, to obtain confidential treatment for any of the disclosing party’s Confidential Information and the Trade-Secrets so disclosed.

a.1

The Licensor may terminate this Agreement immediately upon delivery of written notice to the Licensee if the Licensee breaches the confidentiality obligations contained in this Agreement, or does not provide the Certification when requested to do so.

a.2

The Licensee shall use the same or greater degree to prevent any unauthorized disclosure or use of the Confidential Information and the Trade-Secrets as it uses to protect its own confidential information of a like nature.

a.3

The Licensee’s obligation not to disclose and to prevent the disclosure of the Confidential Information and the Trade-Secrets shall continue to remain after the termination of this Agreement.

a.4

Upon termination of this Agreement, the Licensee shall return to the Licensor all the Confidential Information and the Trade-Secrets, in its possession, custody or control.  The Licensee shall also provide the Licensor with the Certification that the Licensee has complied with this obligation.

2

PROTECTION AND PRESERVATION OF THE TRADEMARKS

2.1

The Licensor and the Licensee mutually covenant that they will at all times use their best efforts to preserve the value and validity of the Trademarks.

2.2

The Licensee shall promptly give notice to the Licensor of any conflicting use, act of infringement, appropriation, and any action or threatened action by any person alleging that the use of the Trademarks infringes the rights of a third person (the “Unauthorized Use”).

2.3

If, after three (3) months from the time the Licensor has knowledge of the Unauthorized Use, the Licensor declines or fails to defend or protect the Trademarks, the Licensee may provide the Licensor with an opinion as to the substantial likelihood of success from an independent competent counsel in the field of intellectual property (the “Opinion”).

2.4

If, after three (3) months from the time the Licensor receives the Opinion, the Licensor declines or fails to defend or protect the Trademarks, the Licensee shall have the right, at its own cost, to prosecute, defend or assume conduct of the prosecution or defence of the Trademarks provided that the Licensee:

a)

retains the legal counsel approved by the Licensor; and

b)

regularly consults the Licensor’s designated Attorney in privilege communication in order to: 

i.

keep the Licensor fully informed of the progress of the proceedings;

ii.

consult the Licensor on all legal matters pertaining to the proceedings; and

iii.

provide the Licensor with copies of all pleadings and correspondence pertaining to the proceedings.

The Licensee and Licensor agree that the proceeds and any damages awarded in these proceedings shall be considered the Royalty after the Licensee’s legal and attorney costs have for such action have been deducted from such proceeds or damages awarded. 

a.1

In all such proceedings, each of the Parties shall cooperate and assist the other to the fullest extent possible on any such negotiations and proceedings.

a.2

If the Licensor is a party to proceedings, referred to in clause 11 of this Agreement, the Licensor may in its sole discretion settle any dispute with any third party at any time without notice or compensation to the Licensee.

1

TERMINATION 

1.1

The Licensor may terminate this Agreement:

a)

For cause immediately upon delivery of written notice to the Licensee if the Licensee breaches this Agreement, and such breach is not cured within thirty (30) days following delivery to the Licensee by the Licensor of written notice identifying the breach and stating its intention to terminate this Agreement if the breach is not cured within the thirty (30) days or some other mutually agreed upon time frame;

b)

Immediately upon delivery of written notice to the Licensee in the event the Licensor has an agreement (or memorandum of understanding) to sell the Licensor’s Trademarks, subject to Licensee’s and or it’s company or companies’ right of first refusal.

c)

immediately upon delivery of written notice to the Licensee if bankruptcy or insolvency proceedings have been initiated for the distribution of the assets of the Licensee;

d)

immediately upon delivery of written notice to the Licensee if there is a Change of Control (subsequently defined) in respect of the Licensee without the prior written consent of the Licensor;

e)

immediately upon delivery of written notice to the Licensee if the Licensee assigns or attempts to assign this Agreement or any rights granted hereunder without the prior written consent of the Licensor; and

f)

immediately upon delivery of written notice to the Licensee if the Licensor notifies the Licensee that the Licensee has received from the Licensor during a consecutive twelve (12) month period three (3) or more notices relating to a default under this Agreement, whether or not such defaults have been cured.

g)

The Licensee and or its company or companies shall have the right of first refusal to purchase all or part of the Licensor’s Trademarks of the Licensee should they come up for sale for any reason.

a.1

Upon the termination of this Agreement the Licensee shall deliver to the Licensor all the Licensees’ Products, and cease using the Trademarks.

2

NOTICES

2.1

Any notice, consent, or other communication required or authorized under this Agreement to be given by either party to the other party shall be in writing, shall be deemed to be properly given when actually transmitted or delivered, and shall be delivered to the Parties at their respective addresses as set out below or at such other address as may be designated by written notice of the Party:

a)

in the case of the Licensor to:

and 

b)

in the case of the Licensee to:

1

RIGHT TO PURCHASE

14.1

 Upon the request of the Licensee, the Licensor shall sell within Licensor’s Trademarks to Licensee for a purchase price to be negotiated at that time, subject to Licensor providing its shareholders with dissenters rights pursuant to the General Corporation Law of the State of Delaware.  

2

GUARANTEE AND INDEMNITY

2.1

The Licensee shall indemnify and undertake to defend the Licensor and its affiliates, shareholders, directors, officers, employees and agents and hold them harmless against all claims, suits, proceedings, demands, actions of any nature or kind whatsoever, damages, judgments, costs, expenses and fees (including, but without limitation, reasonable legal expenses) arising out of or in any way connected with the manufacture, use marketing or sale of the Licensee’s Products and the Trademarks.

2.2

The Licensee agrees to cooperate fully with and assist the Licensor in the defence of such claim and execute such documents and does such acts and things as in the opinion of the Licensor may be reasonably necessary.

3

FURTHER ASSURANCES

3.1

The Parties shall from time to time, at its own expense, execute and deliver all such other and further deeds, documents, instruments and assurances as may be necessary or required to carry out and to put into effect the purpose and intent of this Agreement.

4

RELATIONSHIP OF PARTIES

4.1

Nothing in this Agreement is intended, nor shall it be deemed, to confer on or constitute either party as the agent of the other or to create a partnership, subsidiary, joint venture, franchise or similar relationship between the parties.  

4.2

Neither party shall have the power to obligate or bind the other party in contract, tort or otherwise howsoever except as provided in this Agreement.

5

SURVIVAL

5.1

All obligations of the Licensor and the Licensee which expressly or by their nature survive the termination or expiration of this Agreement shall continue in full force and effect. 

6

FORCE MAJEURE

6.1

Neither party shall be responsible to the other for the non-performance or delay in performance (other than the payment of money) occasioned by any causes beyond its control including, without limitation, acts of civil or military authority, strikes, lockouts, embargoes, insurrections, acts of God or acts of terrorism.

6.2

If any such delay occurs, any applicable time period shall be extended for a period equal to the time lost, provided that the party affected makes reasonable efforts to mitigate the consequences of such an event and gives the other party prompt notice of any such delay.

7

ASSIGNMENT AND CHANGE OF CONTROL

7.1

This Agreement and the license rights granted hereunder, or any part thereof, may not be assigned or transferred by the Licensee without the prior written consent of the Licensor.

7.2

Any change in the control or identity of the Licensee, be it direct or indirect, including without limitation, by sale of all or a substantial portion of the assets of the Licensee, any shareholder selling or transferring any of the shares in the Licensee, share issuance of the Licensee, merger, material change in control and management of the Licensee or otherwise, shall be deemed to be an assignment (“Change of Control”). 

8

AGREEMENT BINDING ON SUCCESSORS AND ASSIGNS

8.1

This Agreement shall enure to the benefit of and is binding upon the Parties and their respective affiliates, successors and permitted assigns.

9

ENTIRE AGREEMENT AND NO WAIVER OF RIGHTS

9.1

This Agreement constitutes the entire Agreement between the Parties with respect to the subject matter herein and supersedes all prior agreements, understandings, negotiations, discussions, and representations, written or oral, between the Parties with respect thereto.  

9.2

There are no representations, promises, warranties, covenants or undertakings other than those contained in this Agreement, which together represent the entire understanding of the Parties.  

9.3

This Agreement may not be released, amended or modified by the Parties in any matter except by written instrument signed on behalf of each of the Parties by their duly authorized officers or representatives.

9.4

The failure of or delay on the part of any party hereto to enforce any of its rights under this Agreement shall not be deemed to be a continuing waiver or a modification by such party of any of its rights under this Agreement, and any party, within the time provided by the applicable law, may commence appropriate legal proceedings to enforce any or all of its rights under this Agreement, and any prior failure to enforce or delay in enforcement shall not constitute a defence.

9.5

This Agreement may not be amended except by written agreement between the Parties.

10

COUNTERPARTS

10.1

This agreement may be executed in any number of counterparts, and may be delivered by facsimile.  All of these counterparts shall for all purposes constitute one agreement, binding on the parties, notwithstanding that all parties are not signatory to the same counterpart.

11

HEADINGS, CONSTRUCTION AND INTERPRETATION

11.1

The headings in this Agreement are for convenience of reference only and shall have no legal effect in the interpretation of the terms hereof.

11.2

The Parties acknowledge that this Agreement has been the subject of full opportunity for negotiation and amendment and that the party who has taken the role of drafter shall not suffer any adverse construction of any terms or language of this Agreement because of such role.

12

SEVERABILITY

12.1

In the event that any part, section, article, clause, paragraph or subparagraph of this Agreement shall be held to be indefinite, invalid, illegal or otherwise voidable or unenforceable (the “Invalid Provision”), the entire Agreement shall not fail on account thereof, and the balance of this Agreement shall continue in full force and effect.  

12.2

The Parties agree to negotiate to replace the Invalid Provision with a valid provision which follows the original intent of the Invalid Provision as closely as possible.

13

GOVERNING LAW

13.1

This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada in force therein without regard to its conflict of law rules.  

13.2

The Parties agree that by executing this Agreement they have submitted to the exclusive jurisdiction of a court of competent jurisdiction within the State of Nevada.  Nothing in this Agreement excludes the Parties from seeking injunctive and equitable relief in a court of competent jurisdiction.

IN WITNESS WHEREOF the Parties have executed this Agreement with effect as of the Effective Date. 

 /s/ Alexandre Frigon_____

Xumanii, Inc. (Nevada)

Name: Alenandre Frigon 

Title: President, CEO

/s/ Alexandre Frigon_____

Xumanii, Inc. (Cayman)

Name: Alenandre Frigon 

Title: President, CEO

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