Logicquest Technology Inc. (LOGQ)

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LOGQ~~Item 1.01Entry into a Material Definitive Agreement

Item 2.01

Completion of Acquisition or Disposition of Assets.



On August 17, 2017 Logicquest Technology, Inc. (“we”, ‘us”, “our”, or the “Company”) entered into a deed of assignment with Logicquest Technology Limited (the “Asssignee”), a British Virgin Islands corporation controlled by our Chief Financial Officer, Cheng Yew Siong. Pursuant to the deed of assignment, we assigned to the Assignee all worldwide trademark rights and registrations held by our Company in and to the “Metalk” brand and mark for a secure instant messaging application.



The trademarks were originally prosecuted by the Company in contemplation of a business combination pursuant to our Memorandum of Understanding (“MOU”) with the Assignee dated March 31, 2016 (first disclosed in our Current Report on Form 8-K filed July 28, 2016). However, on October 31, 2016, the MOU expired, and the planned business combination was consequently abandoned. As such, we decided to assign the trademarks to the Assignee. In consideration of the assignment, the Assignee paid $24,140.08 to our Company in reimbursement of expenses related to the prosecution of the trademarks.