EXH10-16
ASSIGNMENT OF PATENT
THIS ASSIGNMENT made November 8,1993, by XXXXXXX XXXXX, of 0000 Xxxxx
Xxxx, Xxxxxxxxx, XX 00000, ("Assignor"), to FIBERCORE, INC. ("Assignee"), a
Nevada corporation in the process of organization whose principal place of
business is 00 Xxxxxxxxxx Xxxx Xxxx Xxxx, Xxxxxxx, Xxxxxxxxxxx, 000000, in
accordance with an agreement executed by the Assignor and Xx. Xxxx Xxxxxx,
representing the Assignee, dated September 15, 1993, attached hereto as Exhibit
A, as the parties thereto may amend said Agreement from time to time.
WITNESSETH
WHEREAS letters patent of the United States relating to a method for
producing a single mode fiber preform (the "Invention") have been issued to
Assignor, which letters patent is numbered 4,596,589 and dated June 24, 1986,
and
WHEREAS the Assignor is the sole owner of the patent and of all rights
thereunder, the same have never been assigned or licensed to any person, and
WHEREAS the Assignee desires to acquire the entire interest of Assignor
in the patent, and in consideration thereof will contemporaneously herewith
issue common shares of its capital stock; to the Assignor, and
NOW, THEREFORE, in consideration of the premises and the sum of $1.00,
receipt of which is acknowledged, and other good and valuable consideration,
Assignor hereby assigns and transfers to Assignee, its successors and assigns,
all his right, title and interest in the Invention and the letters patent issued
therefor, and to future improvements thereof, to be held to the full end of the
term for which such letters patent or any reissues, renewals, extensions thereof
are or may be granted, as fully and entirely as the same would have been held by
Xxxxxxx Xxxxx had this assignment and sale not been made.
Assignor does hereby represent and warrant that Assignor is the sole
owner of the Invention and the letters patent issued thereof, that no interest
of any kind whatsoever in the Invention or the letters patent has been conveyed
to any person, whether by license, assignment or transfer. Assignor further
represents and warrants that neither the Invention nor the letters patent
therefor have been encumbered or in any way granted to, or taken as security by,
any person.
Assignor does hereby agree to indemnify Assignee against any and all
liability or loss arising from or in connection with the branch of any
representation or warranty hereunder.
Assignor agrees to execute all instruments and to perform all acts
which may be necessary to carry this assignment into full effect
IN WITNESS WHEREOF, Assignor has signed and sealed this instrument.
_________________________________
Xxxxxxx Xxxxx
State of Georgia)
)
County of Xxxxxx)
Before me personally appeared Xxxxxxx Xxxxx and acknowledged the
foregoing instrument to be his free act and deed, November , 1993.
______________________________________
Notary Public - Notary Public
Xxxxxx County, Georgia
My commission expires: May 13, 1995
