Document:

Exhibit 10.1

TRADEMARK ASSIGNMENT AGREEMENT

THIS ASSIGNMENT AGREEMENT is made between Nova Furniture Limited., a company incorporated in Samoa (the “Assignor”) and Kuka Design Limited, a company incorporated in Hong Kong and having its principal office at Room 901, 9/F, Easey Commercial Bldg., 253-261 Hennessy Road, Wanchai, Hong Kong, (the “Assignee”).

WHEREAS, the Assignor is the owner of the Chinese trademark registration(s) and/or application(s) listed on Schedule A hereto, (the “Trademark(s)”).

WHEREAS, the Assignor has agreed to assign the Trademark(s) to the Assignee, and the Assignee has agreed to accept said assignment.

NOW THEREFORE, for good and valuable consideration in the sum of $6,000,000 USD, the sufficiency of which is hereby acknowledged, the Assignor hereby assigns to the Assignee, its successors and assigns, all its full right to and title in the Trademark(s), together with the goodwill of the business in the goods to which the Trademark(s) pertain. Assignee shall pay the agreed upon consideration in two installments as follows: $1,000,000 USD on or before November 30, 2016, and $5,000,000 USD on or before December 31, 2016.

IN WITNESS WHEREOF, the Assignor and Assignee have caused this Agreement to be executed by their duly authorized officers.

 

 

	
ASSIGNOR,

	 
	 	 	 	 
	
Dated this 10th date of November 2016

	By:	
/s/ Thanh L. Lam                                                            

	 
		 	
   Thanh H. Lam

	 
		 	
   Director

	 
		 	
   Nova Furniture Limited

	 
	 	 	 	 
	 	 	 	 
	
   ASSIGNEE,

	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
Dated this 10th date of November 2016

	
By:

	
/s/ Gu Jiangsheng                                                          

	 
	 	 	
   GU Jiangsheng

	 
	 	 	
   Director

	 
	 	 	
   Kuka Design Limited

	 

Schedule A

Assigned Mark(s)

	
Mark

	
Registration No.

	
Registration Date

	
Country

	
NOVA

	
441900400004342

	
24 March, 2011

	
China

 

 

 

 

 

 

 

 

 

 

 

 

GSB:8243373.10Blueprint

 

	

November 10, 2016

SOVEREIGN BANK

Mr.
Jonathan Carroll

Lazarus
Energy LLC and Lazarus Refining & Marketing, LLC

801
Travis Street, Suite 2100

Houston,
TX 77002

Lazarus Energy LLC ("LE") and Lazarus Refining
& Marketing, LLC ("LRM", and collectively, with LE,
"Lazarus")
have three outstanding loans
(collectively, the "Loans") from Sovereign Bank ("Bank"). The Loans
are evidenced by, among other documents, (i) three Loan Agreements
(collectively, the "Loan
Agreements") dated May 2, 2014,
June 22, 2015, and December 4, 2015, respectively. As of the
quarter ending September 30, 2016, Lazarus is in breach of the
following covenants specified in the Loan Agreements, as specified
below (collectively, the "Covenant
Default"):

1.
Loan Agreement dated June 22, 2015 between Bank and
LE:

a. Section
4.2 (c) combined Current Ratio of not less than 1.0 to
1.0;

b. Section
4.2 (e) combined Debt Service Coverage Ratio of not less than 1 50
to 1.0;

2.
Loan Agreement dated December 4, 2015 between Bank and
LRM:

a. Section
4.2 (c) combined Current Ratio of not less than 1.0 to
1.0;

b. Section
4.2 (e) combined Debt Service Coverage Ratio of not less than 1.50
to 1.0;

Subject to the agreement and concurrence of the
United States Department of Agriculture ("USDA") that Bank's waiver
of the Covenant Default shall not impair or void any of the USDA
agreements and guarantees relating to the Loans, Bank hereby waives
(the "Waiver")
the Covenant Default as to only the
quarter ending September 30, 2016. Except for the foregoing, Bank
hereby expressly reserves and preserves all of Bank's rights,
remedies and recourses under the Loan Agreements and all of the
other documents evidencing, governing, guaranteeing and/or securing
the loans (all such documents, collectively, with the Loan
Agreements, the "Loan
Documents"), including, without
limitation, Bank's rights with respect to any other breaches or
defaults under the Loan Documents which may be now existing, or
which hereafter occur.

This
Waiver is made as a courtesy to Lazarus, and shall not constitute a
course of dealing or entitle Lazarus to any further waivers or
forbearances. Bank hereby demands strict performance with all terms
and conditions of the Loan Documents.

 SOVEREIGN
BANK

 

By:/s/ KATHRYN WALKER

Name:
Kathryn Walker

Title:
Senior Vice President

Page
1 of 1

	
 17950 Preston
Road

	
 Suite
500

	
 Dallas, Texas
75252

	
 ph.
214.242.1900

	
 www.banksovereign.comBlueprint

Exhibit
10.6

NOTE

 

September
30, 2016

 

            FOR
VALUE RECEIVED, BLUE DOLPHIN ENERGY COMPANY (the "Borrower"), hereby promises to pay to the order of
LAZARUS ENERGY
HOLDINGS, LLC ("Payee"), the principal sum of $1,797,171.61
pursuant to the terms and conditions
set forth herein.

            PAYMENT
OF PRINCIPAL.  The
principal amount of this Promissory Note (the "Note") and any
accrued but unpaid interest shall be due and payable on January 1,
2018. 

            INTEREST. 
This Note shall bear interest, compounded annually, at eight
percent.

PREPAYMENT.  The Borrower shall have the right at any
time and from time to time to prepay this Note in whole or in part
without premium or penalty.

            REMEDIES. 
No delay or omission on part of the holder of this Note in
exercising any right hereunder shall operate as a waiver of any
such right or of any other right of such holder, nor shall any
delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. 
The rights and remedies of the Payee shall be cumulative and may be
pursued singly, successively, or together, in the sole discretion
of the Payee.

            SUBORDINATION. 
The Borrower's obligations under this Note are subordinated to all
indebtedness of Borrower to any unrelated third party lender to the
extent such indebtedness is outstanding on the date of this Note
and such subordination is required under the loan documents
providing for such indebtedness.

            EXPENSES. 
In the event any payment under this Note is not paid when due, the
Borrower agrees to pay, in addition to the principal and interest
hereunder, reasonable attorneys' fees not exceeding a sum equal to
15% of the then outstanding balance owing on the Note, plus all
other reasonable expenses incurred by Payee in exercising any of
its rights and remedies upon default.

            GOVERNING
LAW.  This Note shall be
governed by, and construed in accordance with, the laws of the
State of Texas.

            IN
WITNESS WHEREOF, Borrower
has executed this Note as of the day and year first above
written.

 

____/s/ JONATHAN P.
CARROLL__ (LENDER SIGNATURE)

LAZARUS ENERGY HOLDINGS,
LLC                                                                                                                                           
September 30, 2016

____/s/ TOMMY L.
BYRD___ (BORROWER SIGNATURE)

BLUE DOLPHIN ENERGY
COMPANY                                                                                                            
                              
September
30, 2016Blueprint

Exhibit
10.7

NOTE

 September 30,
2016

 

            FOR
VALUE RECEIVED, BLUE DOLPHIN ENERGY COMPANY (the "Borrower"), hereby promises to pay to the order of
INGLESIDE CRUDE,
LLC ("Payee"), the principal sum of $679,385.69 pursuant to
the terms and conditions set forth herein.

            PAYMENT
OF PRINCIPAL.  The
principal amount of this Promissory Note (the "Note") and any
accrued but unpaid interest shall be due and payable on January 1,
2018. 

            INTEREST. 
This Note shall bear interest, compounded annually, at eight
percent.

PREPAYMENT.  The Borrower shall have the right at any
time and from time to time to prepay this Note in whole or in part
without premium or penalty.

            REMEDIES. 
No delay or omission on part of the holder of this Note in
exercising any right hereunder shall operate as a waiver of any
such right or of any other right of such holder, nor shall any
delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. 
The rights and remedies of the Payee shall be cumulative and may be
pursued singly, successively, or together, in the sole discretion
of the Payee.

            SUBORDINATION. 
The Borrower's obligations under this Note are subordinated to all
indebtedness of Borrower to any unrelated third party lender to the
extent such indebtedness is outstanding on the date of this Note
and such subordination is required under the loan documents
providing for such indebtedness.

            EXPENSES. 
In the event any payment under this Note is not paid when due, the
Borrower agrees to pay, in addition to the principal and interest
hereunder, reasonable attorneys' fees not exceeding a sum equal to
15% of the then outstanding balance owing on the Note, plus all
other reasonable expenses incurred by Payee in exercising any of
its rights and remedies upon default.

            GOVERNING
LAW.  This Note shall be
governed by, and construed in accordance with, the laws of the
State of Texas.

            IN
WITNESS WHEREOF, Borrower
has executed this Note as of the day and year first above
written.

 

___/s/ JONATHAN P.
CARROLL__ (LENDER SIGNATURE)

INGLESIDE CRUDE,
LLC                                                                                                                                 
September 30, 2016

 

__/s/ TOMMY L.
BYRD__ (BORROWER SIGNATURE)

BLUE DOLPHIN ENERGY
COMPANY                                                                                                           
September 30, 2016Blueprint

Exhibit
10.8

NOTE

 

September
30, 2016

 

            FOR
VALUE RECEIVED, BLUE DOLPHIN ENERGY COMPANY (the "Borrower"), hereby promises to pay to the order of
LAZARUS CAPITAL,
LLC ("Payee"), the principal sum of $422,373.79
pursuant to the terms and conditions
set forth herein.

            PAYMENT
OF PRINCIPAL.  The
principal amount of this Promissory Note (the "Note") and any
accrued but unpaid interest shall be due and payable on January 1,
2018. 

            INTEREST. 
This Note shall bear interest, compounded annually, at eight
percent.

PREPAYMENT.  The Borrower shall have the right at any
time and from time to time to prepay this Note in whole or in part
without premium or penalty.

            REMEDIES. 
No delay or omission on part of the holder of this Note in
exercising any right hereunder shall operate as a waiver of any
such right or of any other right of such holder, nor shall any
delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. 
The rights and remedies of the Payee shall be cumulative and may be
pursued singly, successively, or together, in the sole discretion
of the Payee.

            SUBORDINATION. 
The Borrower's obligations under this Note are subordinated to all
indebtedness of Borrower to any unrelated third party lender to the
extent such indebtedness is outstanding on the date of this Note
and such subordination is required under the loan documents
providing for such indebtedness.

            EXPENSES. 
In the event any payment under this Note is not paid when due, the
Borrower agrees to pay, in addition to the principal and interest
hereunder, reasonable attorneys' fees not exceeding a sum equal to
15% of the then outstanding balance owing on the Note, plus all
other reasonable expenses incurred by Payee in exercising any of
its rights and remedies upon default.

            GOVERNING
LAW.  This Note shall be
governed by, and construed in accordance with, the laws of the
State of Texas.

            IN
WITNESS WHEREOF, Borrower
has executed this Note as of the day and year first above
written.

 

___/s/ JONATHAN P.
CARROLL____ (LENDER SIGNATURE)

LAZARUS CAPITAL,
LLC                                                                                                                      
September 30, 2016

 

__/s/ TOMMY L.
BYRD___ (BORROWER SIGNATURE)

BLUE DOLPHIN ENERGY
COMPANY                                                                                                
September 30, 2016

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