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Re: ronshappy post# 11460

Tuesday, 07/14/2015 3:26:48 PM

Tuesday, July 14, 2015 3:26:48 PM

Post# of 32163
This is not true. You are not referring to S7 IP, but Steve Saleen's brand the "Saleen brand". This is not necessarily the S7:

From the S-1:

license to us the right to use his image, signature, full name, voice, biographical materials, likeness, and goodwill associated with the “Saleen” brand



That's just the "Steve Saleen image". Nothing to do with the S7.

Even more worrying, the only time "S7" is mentioned in the S-1 filling is when they mention that the only car in their possesion, a S7, is pledged to secure a loan from David Weiner (W-Net).

In the Intellectual Property section, they never actually mention the S7 IP.

Intellectual Property

Our success depends, at least in part, on our ability to protect our core technology and intellectual property. To accomplish this, we rely on a
combination of patents, patent applications, trade secrets, including know-how, employee and third party nondisclosure agreements, copyright laws,
trademarks, intellectual property licenses and other contractual rights to establish and protect our proprietary rights in our technology. SMS and Saleen
Automotive own trademarks registered with the U.S. Patent and Trademark Office. In addition, we now own the Saleen “brand” registered trademarks
as well as other unregistered common law trademarks.
We currently market our products using the Saleen name and logo, as well as the name and likeness of Steve Saleen, through a royalty free
license from Saleen.
We also have a license to use Saleen’s image, signature, full name, voice, biographical materials, likeness, and goodwill associated with the
“Saleen” brand in connection with our business. The aforementioned license may only be terminated in the event we file a petition for relief under
Chapter 7 of the U.S. Bankruptcy Code, or a petition for relief is converted to a Chapter 7 proceeding under the U.S. Bankruptcy Code.

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