Trademark License AgreementAddress:Number of Business License:Legal Representative:The Licensee:Address:Number of Business License:Legal Representative:Whereas:1. The Licensor is the author of the trademark, Rocketbay & Toro, which can be adjusted and/or altered within various countries and corresponding to varying situations, has the legal right and entitlement to the forementioned trademark(the Trademarkthereinafter).2. The Licesnor shall have the exclusive legal right of the Trademark in all applicable jurisdictions.3. The Licensee commits to a business undertaking under the Trademark within the Peoples Republic of China.4. Based on mutual friendly negotiation, both parties agree to conclude the Trademark License Agreement as follows to facilitate the business development under the Trademark in China.Article 1 Preamble1) The Licensor,as the author of the Trademark, hereby agrees to authorize the Licensee the exclusive business right in the territory of the Peoples Republic of China to develop market of, produce by itself or with outsourcing arrangement, put to sell all legitimate commodities under the Trademark, and conduct other permitted business. The Agreement shall be concluded to clarify the rights and obligations of both parties, which the Licensor and Licensee shall honor at all times.2) Both parties shall use their best efforts to obtain a successful business undertaking in PRC.Article 2 Parties to the Agreement1) The licensor is duly organized by and exiting under the laws and regulations of the Republic ofKorea, with its principal address at , and with Mras its legal representative, andbusiness license number of2) The licensee is duly organized by and exiting under the laws and regulations of the PeoplesRepublic of China, with its principal address at, and with Mras its legalrepresentative and business license number ofArticle 3 Summary of Terms and Conditions1) The Licensor hereby agrees to authorize the Licensee the exclusive business right in the territory of the Peoples Republic of China to develop market of, produce by itself or with outsourcing arrangement, put to sell all legitimate commodities under the Trademark, and for that purpose to conclude relevant commercial agreement, which substantializes the business value in the Trademark.Nevertheless, the Licensee shall notify the Licensor in written all details of commercial agreement and obtain written approval from the Licensor before formal execution of such commercial agreement under which the Licensee shall be an agent of the Licensor. A copy of each and all commercial agreements shall be provided to the Licensor.2) The copyright of the Trademark shall be solely attributed to the Licensor at any time and within any jurisdiction, whether the Trademark is or will be registered in any jurisdiction or not.3) The Licensee may, upon the written consent from the Licensor, apply for the registration of the Trademark with the Trademark Office of PRC. Nevertheless,the licensee has the business right only even after the registration of the Trademark in China and the copyright of the Trademark shall remain in the hand of the Licensor.4) The Licensee has the right to import commodities under the Trademark for its operations to resell in PRC after the written consent from the Licensor. Without advanced approval from the Licensor, no sale can be made by the Licensee outside the designated territory, PRC.5) The Licensee,as the agent of the Licensor, shall have been vested all entitlement to any and all legitimate remedies under the law of PRC with regard to its right granted hereunder in respect of the Trademark, against any individual and business entity who has infringed the Trademark right hereunder.Article 4 Terms and Conditions1) The Licensee shall have the exclusive right to undertaking the permitted business under the Trademark in the territory of PRC.2) Notwithstanding section 1) of this article, the Licensor shall have the right to terminate the Agreement immediately and at its sole discretion, provided that the Licensee has committed any violation to applicable laws and regulations or has taken any action damaging or threatening to damage the reputation of the Trademark. Termination in such situation shall not exempt the Licensee from full compensation to the Licensor.3) The Agreement shall be terminated provided that the Licensee fails in achieving the business objectives subsequently stipulated by both party with regard to Chinese market within 2 years. After termination, the Licensor shall be free to license any third party the business right in respect of the Trademark in PRC.Article 5 Product Recognition1) During the product development by the Licensee alongwith any third party, products designation and color resolution shall be reviewed and recognized by the Licensor.2) Written response shall be made by the Licensor in respect of the sample product