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6. Ed hardy • In 2002, Hardy licensed Ku USA, Inc. to produce a line of clothing based on his art. Within two years, the collection had drawn the interest of Saks companies. Hardy and Ku USA formed Hardy Life LLC, which holds the trademark ownership as well as the copyrights to all his images. • In 2004, Christian Audigier licensed the rights to produce the Ed Hardy clothing line, which is based on Hardy’s imagery. Prior to the Ed Hardy clothing line, Audigier was the Head Designer at Von Dutch Originals, which marketed the imagery of Kenny Howard. Audigier has attempted to replicate the marketing techniques employed by Von Dutch Originals, by marketing directly to celebrity clients and by opening stores in high profile fashion districts. Ed Hardy stores are located in New York, Los Angeles, Seattle, Honolulu, Tucson, Dubai, Kuwait, Kuala Lumpur, Bangkok and Mumbai. • In May 2009, Iconix Brand Group announced that the they had acquired a 50% interest in Hardy Way, LLC, the owner of the Ed Hardy brand and trademarks.The Company paid $17 million for its interest in Hardy Way, consisting of $9 million in cash and $8 million in stock. In addition, the sellers could be entitled to receive an additional $1 million in stock pursuant to an earn-out based on 2009 royalties received by Hardy Way. Hardy Way estimates that 2009 royalty revenue will be approximately ￡10 million.