Exhibit 10.16
TRADEMARK LICENSE AGREEMENT
Licensor: Shenzhen Neptunus Pharmaceutical Co., Ltd. (hereinafter referred to as
"Party A")
Licensee: Shenzhen Nepstar Pharmaceutical Co., Ltd. (hereinafter referred to as
"Party B")
In accordance with relevant provisions of Trademark Law of the People's
Republic of China, under the principles of free will and faithfulness, through
discussion, Party A and Party B enter into this Trademark License Agreement.
1. Party A is the legal trademark registrant of 42 trademarks as listed
in the annex attached hereto (the "Licensed Trademarks") (please refer to the
annex for the specific trademarks and ownership of the registrant).
2. Party A hereby licenses Party B to use for its own business or to
authorize its manufacturers to use the Licensed Trademarks on the products
supplied to Party B. This license is a non-exclusive license. Party B may only
use the Licensed Trademarks within the scope permitted by Party A and in the way
as authorized hereunder.
If any national law or regulation restricts joint use of the Licensed
Trademark, Party B shall have the priority right to use such trademark and Party
A shall ensure that under all circumstances, Party B is able to use the Licensed
Trademark that it has already used.
3. The provision of the Licensed Trademarks logo: in writing (please refer
to the Trademark Registration Application/ Trademark Registration Application
Acceptance Notice/ photocopy of the Trademark Registration Certificate).
4. Term of license and Fees: the term of license shall be the whole legally
existing period of the Licensed Trademarks from the effective date of this
Agreement, including the trademark registration term and the renewed term from
expiry of the trademark registration term; within the term of license, Party A
will not charge any fee from Party B.
5. When using the Licensed Trademarks, Party B may not take any action in
violation of any national laws or regulations; otherwise, it shall bear the
liability of breach of contract in accordance with laws of the People's Republic
of China.
a. Party B may not change any character, figure or the combination of the
forgoing on the Licensed Trademarks without permission;
b. Party B may not, in any way, create or use any trademark logo that is
similar to or transformed from the Licensed Trademarks hereunder; and
c. Party B may not apply for registration of the Licensed Trademarks in any
other
country in any way and in any name.
6. To protect the reputation of the Licensed Trademarks, Party B promises
to use the Licensed Trademarks in a reasonable way and guarantees to maintain
the reputation of all products bearing the Licensed Trademarks at final retail
session. Party A shall have the right to supervise the quality of Party B's
products bearing the Licensed Trademarks, while Party B guarantees the quality
of the products bearing such Licensed Trademarks.
a. Party B must indicate the name of the producer and place of production
on the products bearing the Licensed Trademarks; and
b. Party B may not take any action that may have adverse effect on such
trademark within and after the term of this Agreement;
7. This Trademark License Agreement shall become legally binding once upon
execution. Party A has no right to revoke this Agreement under any circumstance.
Otherwise, Party A shall be responsible for all legal and economic liability
arising therefrom.
8. Miscellaneous: this Agreement is executed with four originals, two of
which shall be kept by each of Party A and Party B respectively. This Agreement
shall become effective after signed by legal (authorized) representatives of
both parties and attached with official stamps by both parties.
Annex:
[X] List of Trademarks
[ ] Trademark Registration Application
[ ] Trademark Registration Application Acceptance Notice
[ ] Trademark Registration Certificate
Licensor (Party A): /s/ Shenzhen Neptunus Pharmaceutical Co., Ltd.
Legal (authorized) representative: /s/ Xxxxx Xxxxx
Licensee (Party B): /s/ Shenzhen Nepstar Pharmaceutical Co., Ltd.
Legal (authorized) representative:
This Agreement is entered into on July 7, 2006.
Annex I:
Registered Trademarks
No. Trademark Name Registration No. Registrant Category
--- --------------- ---------------- ----------------------- --------
1 [logo] 825097 Neptunus Pharmaceutical 32
2 [logo] 842178 Neptunus Pharmaceutical 5
3 [logo] 842970 Xxxxxxxx Xxxxxxxxxxxxxx 00
0 XXXXXXXX Xxxxxx 000000 Neptunus Pharmaceutical 33
5 Guipai TOATOISE 969651 Neptunus Pharmaceutical 33
6 Qianlong 1395464 Neptunus Pharmaceutical 6
7 Xiongshi 1395462 Neptunus Pharmaceutical 5
8 Nuoshaxin 1616834 Neptunus Pharmaceutical 5
9 Shumo Xiling 1616828 Neptunus Pharmaceutical 5
10 Yishuang 1636559 Neptunus Pharmaceutical 5
11 Junkexin 1636558 Neptunus Pharmaceutical 5
12 Baishun 1656429 Neptunus Pharmaceutical 5
13 Xxxxx Xxxxxxxx 1750500 Neptunus Pharmaceutical 5
14 Haizhinai 1750499 Neptunus Pharmaceutical 5
15 Yinzun 1957722 Neptunus Pharmaceutical 30
16 Yinzun 1951528 Neptunus Pharmaceutical 32
17 Yinzun 2022727 Neptunus Pharmaceutical 33
18 Xiaoyin 3054944 Neptunus Pharmaceutical 5
19 Liujialing 3278138 Neptunus Pharmaceutical 5
20 Jinfu 3248137 Neptunus Pharmaceutical 5
21 Bojue 3383591 Neptunus Pharmaceutical 5
22 Hongbaihei 3394091 Neptunus Pharmaceutical 5
23 Ganguo Ningxin 3450210 Neptunus Pharmaceutical 5
24 Yinzun 1952972 Neptunus Pharmaceutical 34
25 Naolitong 3435744 Neptunus Pharmaceutical 5
26 Shuangning 1616831 Neptunus Pharmaceutical 5
27 Yiting 1616832 Neptunus Pharmaceutical 5
Annex II:
Trademarks in Application
Category
Code. Trademark Name App. No. Registrant App. Date Approved
----- -------------- -------- ----------------------- --------- --------
Hafo Kang
1 HARVARD-Kang 3971129 Neptunus Pharmaceutical 20040322 29
Hafo Kang
2 HARVARD-Kang 3971128 Neptunus Pharmaceutical 20040322 30
3 Kang Jiaoshou 3971127 Neptunus Pharmaceutical 20040322 5
4 Kang Jiaoshou 3971126 Neptunus Pharmaceutical 20040322 29
5 Kang Jiaoshou 3971125 Neptunus Pharmaceutical 20040322 30
6 Haishengwei 4026357 Neptunus Pharmaceutical 20040420 29
7 Haishengwei 4026356 Neptunus Pharmaceutical 20040420 30
8 Weishi Kangxin 4026355 Neptunus Pharmaceutical 20040420 29
9 Weishi Kangxin 4026354 Neptunus Pharmaceutical 20040420 30
10 Nuozhi 4040432 Neptunus Pharmaceutical 20040427 5
11 Yinzun 4165041 Neptunus Pharmaceutical 20040427 29
12 Yinluozhi 4040431 Neptunus Pharmaceutical 20040427 5
13 Shu'er 4291323 Neptunus Pharmaceutical 20040928 5
14 Cuomei 4291324 Neptunus Pharmaceutical 20040928 5
15 Lipugan 435592 Neptunus Pharmaceutical 20041110 5
