PATENT ASSIGNMENT
Exhibit 10.8
THIS PATENT ASSIGNMENT (“Assignment”), effective as of the 15th day of December 2005 (the “Effective Date”), is by and between Xxxxxxx XxXxxxxx, with a residence at 000 Xxxxx 000 Xxxx, Xxxxxxxx Xxxx, Xxxx 00000 (the “Assignor”) and Pukka USA, LLC, a limited liability company formed in accordance with the laws of Utah (the “Assignee”), with a place of business in Utah at 000 Xxxxx 000 Xxxx, Xxxxxxxx Xxxx, Xxxx 00000.
WHEREAS, Assignor is the Nominee Holder of those works described below (hereinafter the “Conveyed Materials”); and
WHEREAS, Assignor filed patent applications for the Conveyed Materials in behalf of the Assignee; and
WHEREAS, the Assignee is desirous to be the sole holder of all right, title and interest, including all patents in the United States and throughout the world, in and to the Conveyed Materials.
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are acknowledged, the parties hereby agree as set forth below.
Conveyed Materials. The following patent is herein the works to be conveyed by Assignor to Assignee:
Patent Name
Small diameter split-rim drive wheel with internal transmission
Patent Number
10/958,152
Filing Date
10/4/2004
Description
This patent describes a method for securing a geared transmission inside a
small split-rim wheel.
Patent Name
Hydraulic regenerative braking system that provides acceleration assistance
And battery rechargingPatent Number
60/732,574 and 60/748934
Filing Date
11/3/2005 and 12/12/2005
Description
This patent describes a method for storing the kinetic energy of normal braking
in a hydraulic system and then using that energy to assist a vehicle in acceleration
and to turn a generator to charge a battery.
Assignment. Assignor, without consideration, relinquishes all right, title, interest in and to the Conveyed Material in the United States and all jurisdictions outside the United States, (including, without limitation, the right to renew any registrations included in the Conveyed Materials, the right to apply for patents within or outside the United States based in whole or in part upon the Conveyed Materials, and any priority right that may arise from the Conveyed Materials), the same to be held and enjoyed by Assignee as fully and entirely as said interest could have been held and enjoyed by Assignor had this sale, assignment, transfer and conveyance not been made.
Representations and Warranties. Assignor represents and warrants to Assignee the following:
Assignor has the right, power and authority to enter into this Agreement; and
Assignor was acting on behalf of the Assignee in filing the patents.
Assignor authorizes the Commissioner of Patents and Trademarks of the United States and other empowered officials of the United States Patent and Trademark Office and officials in any applicable jurisdictions outside the United States to record the transfer of the patents and/or patent applications set forth above to Assignee as assignee of Assignor’s entire right, title and interest therein. Assignor agrees to further execute any documents reasonably necessary at any time now or in the future to effect and/or perfect this assignment or to confirm Assignee’s ownership of the Conveyed Materials.
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IN WITNESS WHEREOF, the parties hereto have executed this Assignment as of the Effective Date.
ASSIGNOR
/s/ Xxxxxxx XxXxxxxx
Xxxxxxx XxXxxxxx
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