ASSIGNMENT OF PATENT
This Assignment is made this 1st day of May, 2006, between THE UNIVERSITY
OF ALABAMA IN HUNTSVILLE, with offices at 000 Xxxxxxxx Xxxxx XX, Xxxxxxxxxx,
Xxxxxxx 00000 XXX ("Assignor") and WORLD WASTE TECHNOLOGIES, INC., a California
corporation with its principal place of business at 00000 Xxxxxxx Xxxxx Xxxxx
Xxxxx, Xxxxx 000, Xxx Xxxxx, Xxxxxxxxxx 00000 XXX ("Assignee").
WHEREAS, Assignor is the sole owner and record title holder of United
States Patent No. 6,306,248 (the "Patent"); and
WHEREAS, Assignee is desirous of acquiring the entire right, title and
interest in and to, and record title of, the Patent; and
WHEREAS, Assignor has agreed to sell, convey and assign the entire right,
title and interest in and to the Patent to Assignee pursuant to the separate
patent assignment agreement attached hereto as Exhibit A.
NOW, THEREFORE, in consideration of good and valuable consideration,
receipt whereof by Assignor is hereby acknowledged, Assignor hereby sells,
assigns and transfers unto Assignee, its successors and assigns, its entire
right, title and interest in and to the Patent and all associated patent rights,
domestic and foreign, and all related domestic and foreign patent applications
(and any resulting patents), including all continuations, divisions, revisions,
extensions, reissues and reexaminations thereof, the inventions described
therein, all patents and patent applications which claim priority of any of the
Patent; together with all rights to profits, royalties and damages for past and
future infringement of the Patent by any party and all rights to xxx for and
collect such profits, royalties and damages; the same to be held and enjoyed by
Assignee for its own use and behoof, and for its successors and assigns, as
fully and entirely as the same would have been held by Assignor had this
assignment and sale not been made.
EXECUTED this 1st day of May, 2006 at The University of Alabama in
Huntsville, 000 Xxxxxxxx Xxxxx XX, Xxxxxxxxxx, XX 00000 XXX.
ASSIGNOR:
THE UNIVERSITY OF ALABAMA IN HUNTSVILLE
Signature: /s/ Xxxxxxxx X. Xxxxxxxxx
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By: Xxxxxxxx X. Xxxxxxxxx, Ph.D.
Its: Vice President for Research
STATE OF ALABAMA)
COUNTY OF MADISON) SS:
Before me on this 1st day of May, came Xxxxxxxx X. Xxxxxxxxx, to me known to be
the person named in the foregoing assignment and that the execution thereof is
acknowledged to be his\her free act and deed.
/s/ Xxxxx Xxxxx Xxxxxx
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Seal (Notary Public)
EXHIBIT A
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PATENT ASSIGNMENT AGREEMENT
