SEC Contract Filing

Filing Date: 2021-05-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>ex10-3.htm
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit
10.3</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INTELLECTUAL
PROPERTY LICENSE AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
<B>INTELLECTUAL PROPERTY LICENSE AGREEMENT</B> (this &ldquo;<B>Agreement</B>&rdquo;) is made and entered into as of May _____, 2021 (the
&ldquo;<B>Effective Date</B>&rdquo;), by and between <B>SALADCO Holdings, LLC</B>, a Connecticut limited liability company having its
address at 652 Center Street, Manchester, CT 06040 (&ldquo;<B>Licensor</B>&rdquo;), and <B>POKE CO HOLDINGS, LLC</B>, a Connecticut limited
liability company having its address at 240 Galveston St., #1565, League City, Texas 77574 (&ldquo;<B>Licensee</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
Licensor is the owner of the Licensed IP (as defined in Section 1) and uses and licenses others the right to use the Licensed
IP in connection with the preparation and of Saladcraft<SUP>&reg;</SUP>-branded fruit and vegetable salads and related items
(the &ldquo;<B>Saladcraft Products</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
Licensee grants franchises and licenses to third parties, including Licensee&rsquo;s affiliates, for the development and
operation of restaurants that operate under the Pok&eacute;moto<SUP>&reg;</SUP> trademark and that feature sushi grade fish,
rice bowls and a variety of toppings and other complementary products, smoothies and beverages (each a
&ldquo;<B>Pok&eacute;moto Restaurant</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C.
Licensor and Licensee desire to enter into an arrangement pursuant to which Licensee will be authorized to sublicense the use
of the Licensed IP in in connection with the offer and sale of Saladcraft Products in Pok&eacute;moto Restaurants.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IN
CONSIDERATION </B>of the foregoing Recitals, which are incorporated in and made a part hereof, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. <B><U>Grant
of License</U></B>. Subject to the conditions set forth herein, Licensor hereby grants to Licensee, and Licensee accepts,
during the Term (defined below), a license to use and, subject to the conditions contained herein,