EXHIBIT 10.3
ASSIGNMENT OF LICENSE AND CONSULTING AGREEMENTS
In exchange for Eight Million One Hundred Sixty Thousand (8,160,000)
shares of common stock of Organetix, Inc., a Delaware corporation ("Assignee"),
the receipt and sufficiency of which is hereby acknowledged, Amma Corporation,
an Alberta corporation, ("Assignor") hereby transfers, assigns, and sets over
all of Assignor's right, title and interest in and to the "A4+L Compound" as
that term is defined in that certain License Agreement between Assignor and Xx.
Xxxx Xxxxxxx Xxxxxxxxxx Xxxxx, a Canadian resident and Peruvian citizen ("Xx.
Xxxxxxxxxx"), dated June 5th, 2003 ("License Agreement") and the Consulting
Agreement between Amma and Xx. Xxxxxxxxxx dated June 1, 2001 ("Consulting
Agreement").
The Assignee assumes all of Assignor's right, title and interest in and to
the A4+L Compound as enumerated in both the License and Consulting Agreements,
respectively, including all liabilities in connection with the transferred
rights.
This Assignment shall be binding upon and shall inure to the benefit of
Assignor and Assignee and their respective successors, assigns and legal
representatives.
IN WITNESS WHEREOF, this Assignment of the rights found herein, has been
duly executed as of the 15th day of July, 2003.
ASSIGNOR:
AMMA CORPORATION
By: /s/ Xxxx Xxxxxx
-----------------------------------------
Xxxx Xxxxxx
President
ASSIGNEE:
ORGANETIX, INC.
By: /s/ Xxxx Xxxxxx
-----------------------------------------
Xxxx Xxxxxx
President
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