ASSIGNMENT OF INTELLECTUAL PROPERTY
ASSIGNMENT
OF INTELLECTUAL PROPERTY
This
ASSIGNMENT OF INTELLECUTAL PROPERTY (“Assignment”) is made and entered into as
of June
9, 2008
(the
“Effective Date”), by and between Southern
Sauce Company, Inc. (“Assignor”),
and Xxxxxxx Xxxxxx (“Assignee”).
RECITALS
A.
Assignor
is the owner of certain intellectual property rights, including the trade
names,
logos, copyrights, service marks, and/or trademarks, listed on Schedule
A
hereto
(the “Intellectual Property”).
B.
Pursuant
to the terms of this Assignment, Assignor desires to assign Assignor's right,
title, and interest in the Intellectual Property to Assignee, and Assignee
desires to accept the assignment and assume all of the obligations associated
with the Intellectual Property.
NOW,
THEREFORE, in consideration of the payment and delivery to Assignor of all
monies and instruments to be paid and delivered to Assignor by Assignee pursuant
to the terms of this Assignment, the receipt of which Assignor acknowledges,
Assignor and Assignee agree as follows:
1.
Assignment
and Sale of Intellectual Property.
Upon
receipt of $100.00 from Assignee, Assignor sells, assigns and transfers to
Assignee all of its right, title, and interest in and to the Intellectual
Property as of the Effective Date.
2.
Acceptance
of Assignment and Obligations.
Assignee agrees to and accepts the purchase and assignment of the Intellectual
Property.
3. Further
Assurance.
Assignor shall execute such written instruments, extend such other
cooperation and perform such other acts as may be necessary or advisable,
including without limitation, making all required filings with the United
States
Patent and Trademark Office to register a trademark and hereby irrevocably
appoints Assignee as Assignor's attorney in fact to undertake such acts in
Assignor's name.
4. Counterparts. This
Assignment may be executed in any number of counterparts, each of which shall
be
deemed an original. The counterparts shall together constitute but one
agreement.
IN
WITNESS WHEREOF, the parties have executed this Assignment as of the Effective
Date.
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/s/
Xxxx Xxxxx
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Xxxx
Xxxxx, CEO
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/s/
Xxxxxxx Xxxxxx
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Xxxxxxx
Xxxxxx
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