Company Overview of Kopitiam Asia Pacific Sdn. Bhd
Key Executives for Kopitiam Asia Pacific Sdn. Bhd
Kopitiam Asia Pacific Sdn. Bhd does not have any Key Executives recorded.
Kopitiam Asia Pacific Sdn. Bhd Key Developments
Kopitiam Asia Pacific Sdn Bhd to Execute Second Master License Agreement with PT Oldtown Indonesia on 22 June 2014
Jun 20 14
The Board of Directors of Oldtown announced that Kopitiam Asia Pacific Sdn Bhd a wholly-owned subsidiary of Oldtown shall be executing a second Master License Agreement with PT Oldtown Indonesia on 22 June 2014. PT Oldtown Indonesia is currently licensed to establish and operate OLDTOWN WHITE COFFEE outlets and grant sub-licenses to sub-licensees in the territory of Jawa and Bali, Indonesia via the first Master License Agreement dated 15 September 2010.
Oldtown Announces Asia Pacific Sdn Bhd Executes Master License Agreement with OTK (Australia) Sdn Bhd and Leong Kwan Yew
May 19 14
The Board of Directors of Oldtown announced that Kopitiam Asia Pacific Sdn Bhd has executed a Master License Agreement with OTK (AUSTRALIA) SDN BHD and Mr. Leong Kwan Yew on 19 May 2014. The Licensor grants to the Master Licensee and the Master Licensee accepts during the term of the Agreement:- (a) an exclusive right to operate Direct License within Australia only (Territory”); (b) a non-exclusive right, to use the Trade Name, to use the Trade Mark, to operate the System; to sell the Approved Products and to provide the Services within the Territory; (c) an exclusive right to grant Sub-Licenses to licensees in the Territory and to enter into Sub-License Agreement for the purpose of setting up a network of Outlets in the Territory for the operation of the Business under the Trade Name and the Trade Mark and using the System and selling the Approved Products provided always the grant of Sub-License is subject to the conditions set out:- (i) The Master Licensee may only grant sub-license commencing from the third year of the Agreement provided always that the Master Licensee is able to open the minimum number of new outlets in year 1 and year 2 as set out in the Agreement. (ii) The Master Licensee may only grant sub-license provided the Master Licensee has complied with all terms and conditions as shall be determined by the Licensor from time to time. (iii) Sub-Licensees shall have no rights whatsoever to grant or be permitted to grant sub-licenses. (iv) The Master Licensee may only appoint a Sub-Licensee as an Area Licensee the criteria, qualification and definition as shall be defined solely by the Licensor.
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