EX-99.8 7 tm2321656d14_ex99-8.htm EXHIBIT 99.8

 

Exhibit 99.8

 

Verbal Patent Ownership Agreement

 

This Verbal Patent Ownership Agreement memorializes a verbal agreement by and between Nanjing Forest University (“NF”) and Nanjing Changcheng Medical Equipment Co., Ltd (the “Company”), on or before December 2, 2020.

 

1.Right of Ownership. NF unequivocally confirms that the Company shall own absolutely all rights in their entirety of the following patent:

 

Application/
Registration
Number
  Name   Type   Owner   Jurisdiction   Date of
Application
(DD/MM/YYYY)
  Date of
Registration
(DD/MM/YYYY)
  Date of
Patent
Expiration
(DD/MM/YYYY)
  Status
202022881052.8   A device for reducing magnetron power fluctuations   Utility   Changcheng
Nanjing
  PRC   02/12/2020   24/08/2021   01/12/2030   Granted

 

2.Payment. NF acknowledges and agrees that no royalty payments will be made to NF for the Company’s use of such patent.