ASSIGNMENT
In consideration of Ten Dollars ($10.00) and other valuable consideration,
of which we acknowledge receipt, we, EL-XXXXXX XXXXX EL-XXXXXXX, of 0000 Xxxx
Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx 00000, and XXXXX X. XXXXXXX, of 0000 Xxxxx Xxxxxx,
Xxx Xxxx XX 00000, (the Inventors) hereby sell, and assign, subject to the
conditions set forth below, to NATIONAL SCIENTIFIC CORP., having offices at 0000
X. Xxxxxxxxx Xxxx, Xxxxx X-000, Xxxxxxx, Xxxxxxx 00000, its successors and
assigns, the entire right, title and interest in and to the improvements of
MONOLITHIC INDUCTOR WITH MAGNETIC FLUX LINES GUIDED AWAY FROM SUBSTRATE, (the
Invention) invented by us, as described in the application for United States
Patent (M&G Docket Number 2238-020CIP), and any and all applications for patent
and patents therefor in any and all countries, including all divisions,
reissues, continuations and extensions thereof, and all rights of priority
resulting from the filing of said United States application, and authorize and
request any official whose duty it is to issue patents, to issue any patent on
said improvements or resulting therefrom to said NATIONAL SCIENTIFIC CORP., or
its successors or assigns and agree that on request and without further
consideration, but at the expense of NATIONAL SCIENTIFIC CORP., we will
communicate to said NATIONAL SCIENTIFIC CORP., or its representatives or
nominees, any facts known to us respecting said improvements and testify in any
legal proceeding, sign all lawful papers, execute all divisional, continuing and
reissue applications, make all rightful oaths and generally do everything
possible to aid NATIONAL SCIENTIFIC CORP., its successors, assigns and nominees,
to obtain and enforce proper patent protection for said invention in all
countries. The above-discussed conditions are as follows: a) that NATIONAL
SCIENTIFIC CORP. pay all costs related to United States filing, prosecution,
issuance, and maintenance of United States Patent Application Serial No.
08/962,377, b) that NATIONAL SCIENTIFIC CORP. pay all consulting fees owed to
the inventors with respect to the Invention, c) that NATIONAL SCIENTIFIC CORP.
pay 1% of all gross sales related to the Invention to EL-XXXXXX XXXXX
EL-XXXXXXX, d) that NATIONAL
ASSIGNMENT
M&G Docket: 2238-O2OCIP
Page: 2
SCIENTIFIC CORP. pay 1% of all gross sales related to the Invention to XXXXX X.
XXXXXXX, e) that NATIONAL SCIENTIFIC CORP. actively develop and market the
Invention, and Q that NATIONAL SCIENTIFIC CORP. remain solvent as evidenced by
refraining from filing for bankruptcy under U.S. Bankruptcy law. Should any of
the above-discussed conditions fail to be met, then this Assignment shall be
deemed void AB INITIO. The Inventors covenant with said NATIONAL SCIENTIFIC
CORP., its successors and assigns, that the rights and property hereby covered
are free and clear of any encumbrances, and that they have full right to convey
the same as herein expressed.
11/16/99 /s/ Xxx Xxxx
-------- ----------------------------------------
DATE Xxx Xxxx
Chairman and C.E.O.
NATIONAL SCIENTIFIC CORP.
STATE OF ARIZONA )
) ss
County of Maricopa )
On this 16 day of November 1999, before me, the undersigned, personally
appeared Xxx Xxxx, known to me to be the person whose name is subscribed to the
within instrument, and acknowledged to me that he executed the foregoing
instrument for the purposes therein contained.
IN WITNESS WHEREOF, We have set my hand and official seal.
/s/ Xxxxxx X. Xxxxxxx Xx.
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[NOTARY SEAL] NOTARY PUBLIC
11/15/99 /s/ El-Xxxxxx Xxxxx El-Xxxxxxx
-------- ----------------------------------------
DATE EL-XXXXXX XXXXX EL-XXXXXXX
ASSIGNMENT
M&G Docket: 2238-O2OCIP
Page: 3
STATE OF ARIZONA )
) ss
County of Maricopa )
On this 15 day of November 1999, before me, the undersigned, personally
appeared EL-XXXXXX XXXXX EL-XXXXXXX, known to me to be the person whose name is
subscribed to the within instrument, and acknowledged to me that he executed the
foregoing instrument for the purposes therein contained.
IN WITNESS WHEREOF, We have set my hand and official seal.
[NOTARY SEAL]
NOTARY PUBLIC
11/15/99 /s/ Xxxxx X. Xxxxxxx
-------- ----------------------------------------
DATE XXXXX X. XXXXXXX
STATE OF ARIZONA )
) ss
County of Maricopa )
On this 15 day of November 1999, before me, the undersigned, personally
appeared XXXXX X. XXXXXXX, known to me to be the person whose name is subscribed
to the within instrument, and acknowledged to me that he executed the foregoing
instrument for the purposes therein contained.
IN WITNESS WHEREOF, We have set my hand and official seal.
/s/ Xxxxxx X. Xxxxxxx Xx.
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NOTARY PUBLIC
[NOTARY SEAL]
