SETTLEMENT AGREEMENT

This Agreement is made this day of 27 December 2024

BETWEEN

(1) PARTY_1_NAME, a company incorporated under the laws of with its registered office at PARTY_1_ADDRESS_SINGLE_LINE ("Owner"); and

(2) PARTY_2_NAME, a company organised and existed under the laws of with its registered office at PARTY_2_ADDRESS_SINGLE_LINE ("Applicant").

RECITALS

(A) Owner is a COMPANY1_DESCRIPTION.

(B) Owner has registered the trade marks "REGISTERED_COMPANY1" in class(es) TRADEMARK_CLASS1 in JURISDICTION_STATE under registration no(s). REGIST_NO_REG, as set out in Schedule 1 hereto ("Registered Trade Marks").

(D) Applicant has applied for registration of the trade marks "OTHER_REGISTERED" in class(es) CLASS_OTHER in JURISDICTION_STATE under registration no(s). OTHER_REG, as set out in Schedule 3 hereto ("Applicant's Trade Marks"), in respect of in Applicant's Trade Marks applications.

(E) Owner and Applicant agree that their respective trademarks can co-exist in JURISDICTION_STATE in their respective principal areas of business and have agreed to settle the Proceedings and the Oppositions with the terms of this Agreement.

NOW IT IS HEREBY AGREED AS FOLLOWS:

1.  IN CONSIDERATION OF Applicant agreeing and undertaking:

    1.1  to apply to the Trade Marks Registry to amend/rectify its registration for the Registered Trade Marks in class only by deleting the items ";

    1.2  not to use either of the Registered Trade Marks in JURISDICTION_STATE in respect of ; provided always that:

    OTHER_UNDERTAKE

    1.3  to apply to the Trade Marks Registry to amend its application for registration of the trademark(s) by AMEND_TRADEMARKS

    1.4  subject to Owner's compliance of clauses below, not to oppose or cancel or challenge Owner's existing or any future applications or registrations or use of Owner's Trade Marks in JURISDICTION_STATE in respect of

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