Exhibit 10.3
PATENT ASSIGNMENT
THIS PATENT ASSIGNMENT ("Assignment") is made and entered into this 31st
day of January, 2005 (the "Effective Date") by and between Meditech
Pharmaceuticals, Inc., a corporation duly formed under the laws of the State of
Nevada, (hereinafter called the "Assignor") and East West Distributors, Inc., a
corporation duly formed under the laws of the State of Nevada, (hereinafter
called the "Assignee")
A. WHEREAS, Assignor owns the following two patents and the inventions
described therein (hereinafter called "the Patents" and "the Inventions",
respectively):
1. Canadian Patent #1261269 to Xxxxxx X. Xxxx and Xxxxxx Xxxxxxxxxx,
issued September 26, 1989
2. Canadian Patent # 1242147 to Xxxxxx X. Xxxx, issued September 20,
1988;
B. WHEREAS, the Assignee is desirous of acquiring and Assignor is desirous
of assigning all right, title and interest in all of the Patents and the
Inventions;
NOW, THEREFORE, Assignor, for value received, the receipt and adequacy of
which is hereby acknowledged, does hereby sell, assign, and convey unto Assignee
all right, title and interest throughout the world in and to the Patents and the
Inventions, this assignment including, but not being limited to:
a. All applications for patent, issued patents, or like protection on said
Inventions made or owned by Assignor or its legal representatives, whether in
Canada or any other country or place anywhere in the world;
b. All substitutions for and divisions, continuations,
continuations-in-part, renewals, reissues, extension, and the like of said
applications and patents and like grants, including without limitation, those
obtained or permissible under past, present and future laws or statutes;
c. All rights of action on account of past, present and future unauthorized
use of said Inventions and for infringement of said patents and like protection;
d. The right of Assignee to file in its name applications for patents and
like protection for said Inventions in any country or countries foreign to
Canada; and
e. All international rights or priority associated with said Inventions,
applications for patents, patents and like protection.
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Assignor covenants that Assignor, its heirs, legal representatives,
officers, assigns, and administrators, will execute all papers and perform such
other acts, with expenses if any to be paid by Assignee, as may be reasonably
necessary to give Assignee, its successors and assigns, the full benefit of this
Assignment. This Assignment shall be binding upon and shall inure to the benefit
of the successors, assigns and legal representatives of the parties hereto.
.
Assignor:
Date: __________________ By:
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Name:
Title:
THE STATE OF ARIZONA ss.
ss.
COUNTY OF ss.
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This instrument was acknowledged by _________________ on this the _____ day
of __________________, 2005.
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(Seal) Notary Public in and for the State of Nevada
My commission expires:
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