ASSIGNMENT
THIS ASSIGNMENT, effective this 5th day of October, 2010 between Medical Device International Limited having its principal place at Xxxx 0000 Xxxxxxxx Xxxxxxxx, 000-000 Xxxxxx Xxxx, Xxxxxx Xxxxxxx, Xxxx Xxxx “(hereinafter referred to as “the Assignor(s)”) and Life Care Medical Devices Limited having its principal place at Unit 2508A, Bank of America Tower, Central Hong Kong (hereinafter referred to as “the Assignee(s)”);
WHEREAS THE ASSIGNOR is the owner of International Patent (PCT No. Pending) filed with Xxxxxxx Xxxxxxxx Xx., Intellectual Property Attorneys, Kuala Lumpur, Malaysia, under Internal Document number: 7798MYl/PM/XXX/tam Bandage based pain control through the delivery of electric impulses to the body (hereinafter referred to as the “Patent Rights”);
WHEREAS THE ASSIGNEE is desirous of acquiring the entire right, title and interest in, to and under the said Patent Rights and the inventions covered thereby;
NOW, THEREFORE, for and in consideration of United States Dollar One only (USDl.OO) and other good and valuable consideration paid by the ASSIGNEE to the said ASSIGNOR, the receipt and sufficiency of which are hereby acknowledge by the said ASSIGNOR, the said ASSIGNOR has sold, assigned, transferred and conveyed to the said ASSIGNEE, its successors, legal representatives and assigns, the entire right, title and interest in and the said Patent Rights including all patents that may issue thereof and the inventions covered thereby, as fully and entirely as the same would have been held and enjoyed by the said ASSIGNOR if this assignment and sale has not been made, to the end of the terms or terms for which the said Patent Rights are granted.
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Patent Rights are granted.
IN WITNESS WHEREOF the said parties hereto have caused these presents to be duly executed by their respective officers duly authorized in their behalf and shall be deemed effective from this date and year hereinbefore written.
| Medical Device International Limited | ||
| SIGNED AND DELIVERED by | ) | |
| ) | ||
| In the presence of:- | ) | /s/ |
| Name: XXXXXX X. XXXXXXX | ||
| Designation: DIRECTOR | ||
| Name of Witness: | ||
| Designation: | ||
| Life Care Medical Devices Limited | ||
| SIGNED AND DELIVERED by | ) | |
| ) | ||
| In the presence of:- | ) | /s/ |
| Name: XXXXX X. XXXXX | ||
| Designation: Chairman | ||
| Name of Witness: Designation: |
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