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1. The Defendant’s KRW 23,636,491 as well as 6% per annum from June 1, 2014 to July 14, 2015 to the Plaintiff.
Reasons
1. Recognizing the facts of recognition, Article 1 (Purpose of Contract) The purpose of this Agreement is to determine the specific contents and all necessary matters as well as the rights and obligations between C and the Defendant, as C, in accordance with C’s intention to acquire by transfer all the trademark rights and operating rights (in tangible or intangible assets belonging thereto) under sale using the brand operated by the Defendant in the Republic of Korea and its trademark.
Provided, That the intellectual property rights related thereto (patents, utility models, design rights, etc.) shall be owned jointly by C and the defendant.
The effective date of this contract shall be determined on June 1, 2013.
Article 2 (Procedure of Acquisition by Transfer) C shall take precedence over the acquisition by transfer under this Agreement through the following procedures:
2. Inspection of major books, computer systems, and assets by the defendant who is the object of business rights;
4. Transfer of contracts with domestic business entities (distributors) - Subject to the same contract terms and conditions as the Defendant’s business entities (all domestic business entities whose transactions are in progress by the Defendant, such as this brid, New World Subdivision, Agriculture-Samdo, Emba, Embry, Ambry, NC department store, NC department store, and ion range)
1. All trademarks in the Republic of Korea owned by the defendant or the representative director of the defendant;
2. All goods and related fixtures in the Republic of Korea on which the above trademark is affixed and sold.
3. As of the date of the conclusion of this Agreement, all of the above stores within the Defendant’s Logistics Center and the Republic of Korea (as of the end of April 2013)
(d)The collection and installation of the above trademark on the date of this contract at national stores in which the above trademark is affixed and sold to the Republic of Korea, and all the interior of the trademark.
5.Article 3 (Conditions of Acquisition by Transfer) C of all the intellectual property rights (other than raw materials) related to the above 1-4 amounts to a total of 425,00,000 won and 30 per cent of the shares of a newly incorporated entity (A) in accordance with the formation of this Agreement, shall be fulfilled and deposited into the following accounts:
Attachment) Payment of acquisition tax (for example, regardless of payment of acquisition tax, all domestic distribution sales by the defendant are made on June 1, 2013.