ASSIGNMENT OF PURCHASE AGREEMENT
Exhibit 10.1
ASSIGNMENT OF PURCHASE AGREEMENT
FOR VALUE RECEIVED, the receipt of which is hereby acknowledged, MagneGas Corporation, a Delaware corporation (“Undersigned”) hereby grants, assigns, and transfers to its wholly owned subsidiary MagneGas Energy Solutions, LLC, a Delaware limited liability company (“Assignee”), “as is” and without recourse that certain MagneGas Systems Purchase Agreement entered into between the Assignor and Talon Ventures & Consulting GmbH on December 30, 2016.
TOGETHER and all rights accrued or to accrue under said MagneGas Systems Purchase Agreement “as is”.
Dated this 2nd day of October, 2017.
| ASSIGNOR: | ||
| By: | ||
| Name: | Xxxxxxx Xxxxxxxx | |
| Title: | Chief Executive Officer | |
| ASSIGNEE: | ||
| By: | ||
| Name: | Xxxxxxx Xxxxxxxx | |
| Title: | Chief Executive Officer | |
