EXHIBIT 10.2
ASSIGNMENT OF TECHNOLOGY FOR LEGKOW TECHNOLOGY
ASSIGNMENT OF TECHNOLOGY
WHEREAS, the undersigned Verdant, Inc. ("VI"), acquired a certain "Legkow
Technology" and related intellectual property and assets, including trade name,
and trademark rights, pursuant to a October 10, 2005, Technology License
Agreement from Amcotech LLC, and
WHEREAS, the Legkow Technology is based upon the study and employment of
emulsions and dielectric surfactants which are capable of being used to enhance
accessing, storing and transporting carbonaceous materials such as crude oil or
coal. The surfactant (surface active agent) includes a dielectric surfactant
having a predetermined range of pH. The dielectric surfactant may include a
pH-modifying agent.
In one embodiment, the dielectric surfactant may be combined with crude oil to
reduce the viscosity of the crude oil. In another embodiment, the dielectric
surfactant is capable of extracting sulfur containing compounds from crude oil.
In a further embodiment, a gaseous emulsion may be combined with a gas phase
material to produce a complex. All of these qualities can be described through
the following practical uses and capabilities:
o Waste Oil Recuperation - a surfactant is used to remove the impurities
from used/burnt oils through a sedimentation process that produces
clean lubricating oils and carbon black
o Recovery of Contaminated Oil - surfactants are used to extract water,
mud and other impurities from crude oil.
o Reduction in Viscosity of Heavy Oil - the specific gravity of heavy
crude can be reduced from about 15 A.P.I. to about 30 A.P.I. which
significantly helps in the extraction, pumping, or transportation of
heavy oil.
o Reduction in Viscosity of Asphalt - similar to oil, asphalt viscosity
can be reduced to enable easier transportation and usage.
o Production of Diesel fuel and fuel oils from black smoke or vehicle
tires - smoke from either product can be combined with an emulsion to
produce diesel fuels or fuel oils.
o Reduction of pollution caused by the combustion of various carbonaceous
materials
o Environmental remediation - gaseous emulsions are used for cleaning
sludge, oil slops and residues from oil receptacles, storage and
transportation vessels and pipelines.
WHEREAS, the Legkow Technology is described with technical information,
know-how, processes, procedures, compositions, devices, methods, formulas,
protocols, techniques, designs, drawings, schematics, specifications, and the
following patent filings:
o July 27, 1999 USPTO Patent # 5,928,495
WHEREAS the Legkow Technology includes: (a) all of the Intellectual Property,
and goodwill associated therewith, licenses and sublicenses granted and obtained
with respect thereto, and rights thereunder, remedies against infringements
thereof, and rights to protection of interests therein under the laws of all
jurisdictions, (b) leases, subleases, and rights thereunder, (c) agreements,
contracts, indentures, mortgages, instruments, security interests, guaranties,
other similar arrangements, and rights thereunder, (d) accounts, notes, and
other receivables associated therewith, (e) claims, deposits, prepayments,
refunds, causes of action, choses in action, rights of recovery, rights of set
off, and rights of recoupment associated therewith, (f) franchises, approvals,
permits, licenses, orders, registrations, certificates, variances, and similar
rights obtained from governments and governmental agencies associated therewith,
(g) books, records, ledgers, files, documents, correspondence, lists, plans,
drawings, and specifications, creative materials, advertising and promotional
materials, studies, reports, and other printed or written specifications,
creative materials, advertising and promotional materials, studies, reports, and
other printed or written materials associated with the Legkow Technology,
NOW THEREFORE, in consideration of the sum of one dollar ($1.00), the receipt of
which is hereby acknowledged, and other good and valuable consideration, VI
hereby irrevocably assigns all of its right, title and interest in and to the
Legkow Technology to HEARTSTAT TECHNOLOGY, INC, a Delaware corporation. Under
this assignment HeartSTAT Technology, Inc. will also assume all obligations
under the original Technology License Agreements executed by VI.
This Assignment is made on the 1st day of November 2005,
and is to be interpreted in accordance with the laws of the
State of Delaware.
VERDANT, INC: ("VI")
/s/ XXXXX XXXX
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SIGNATURE: Xxxxx Xxxx, President and CEO
This Assignment is accepted on the 1st day of November 2005,
and is to be interpreted in accordance with the laws of the
State of Delaware.
HEARTSTAT TECHNOLOGY, INC: ("HTI")
/s/ XXXXXXX XXXXXX
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SIGNATURE: Xxxxxxx Xxxxxx, President and CEO
