Patent Application Right Transfer Agreement
This Patent Application Right Transfer Agreement (hereinafter referred to as the “ Agreement ”) is entered into on August 1,
2005 between the following two parties:
Transferee: Acorn Information Technology (Shanghai) Co., Ltd. (“ Party A ”)
Domicile: 888 Yishan Road, Room 1206 Xinyin Plaza, Shanghai
Legal Representative: Yang Dongjie
Contact Person: Lin Man
Transferor: Tianjin BABAKA Technology Development Co., Ltd. (“ Party B ”)
Legal Representative: Chen Yuhua
Contact Person: Su Wei
Party B owns the invention of a posture correction belt, and Party A desires to acquire the patent application right in
connection therewith. Party A and Party B, adhering to the principle of free will and mutual benefit, and after a full exchange of
views and desires relating to the patent application right hereof on equal basis, have arrived at the following Agreement, as a
true expression of their intentions and for compliance by both of them.
The patent application of the posture correction belt
Before entering into this Agreement, Party B has only used the invention to produce a small quantity of the posture correction
belts for a trial production, and has not licensed the invention to any other party for exploitation.
Within seven business days after this Agreement comes into effect, Party B shall provide to Party A all the materials relating to
the patent application, including but not limited to the following:
After this Agreement comes into effect, Party A shall ensure the performance of the original technology transfer contract. The
rights and obligations of Party B under the original technology transfer contract shall be assumed by Party A after the effective
date of this Agreement.
Party B warrants that its rights under the patent application do not infri