EX-10.5 10 v426657_ex10-5.htm EXHIBIT 10.5

 

Exhibit 10.5

 

Use of Intellectual Property without Compensation Agreement

 

Party A: Wenzhou Xibolun Fluid Equipment Co., Limited

 

Party B: Anyuan Sun

 

According to People’s Republic of China Intellectual Property Law and relevant regulations, Party B agrees to let Party A use his legally gained patents and trademarks without compensation during its valid period of time. The coverage is as follows:

 

1. Utility Model

 

No.   Name   Patent Number   Application Date   Validation
1   A type of angle seat valve   ZL 2011 2
 0510956.8
  2011-12-9   10 years since the
 application date
2   A type of Diaphragm valve   ZL 2012 2
0315506.8
  2012-6-28   10 years since the
application date
3   A type of process control
diaphragm valve
  ZL 2012 2
0315498.7
  2012-6-28   10 years since the
 application date

 

2. Trademark

 

No.   Name   Registration Number   Registration Valid Period
1   [Xibolun]   3903979   10 years; from 2005-12-28 till 2015-12-27
2   [Xibolun]   5610464   10 years; from 2009-12-07 till 2019-12-06

 

Party A: /s/ Wenzhou Xibolun Fluid Equipment Co., Limited

 

Party B: /s/ Anyuan Sun

 

The contract was signed on 2011-07-01.