32. The following article: “The exclusive agent and the authorized distributor may not execute commercial transactions in the name or in favor of Grand Sport – or enter into any contracts or make any undertakings in the name or on behalf of Grand Sport – Undertaking any obligation or liability or charges or expenses of any kind in the name or on behalf of Grand Sport – The use or registration (or the attempt to register) of the Grand Sport trade name or any similar trade names or any derivatives therefrom or any other Grand Sport trademarks…”
The second party as the exclusive agent and distributor may use the Grand Sport name in registering our company with governmental and non-governmental authorities and institutions and to expressly state that we are the exclusive agents for the trademark and the second party may not execute contracts in the name of Grand Sport and contracts may only be executed in the name of Perfect Lines Sports as an exclusive agent and distributor.