CONTRIBUTION AGREEMENT
DATED AS OF AUGUST 4, 2000
CONTRIBUTION AGREEMENT
This CONTRIBUTION AGREEMENT ("AGREEMENT") is entered into as of August
4, 2000 between SUREBEAM CORPORATION a Delaware corporation (the "CONTRIBUTOR")
and SB OPERATINGCO, INC., a Delaware corporation (the "COMPANY").
RECITALS
WHEREAS, the Contributor has agreed to transfer certain assets and
property of the Contributor now used in connection with the business of the
Company to the Company in exchange for shares of capital stock of the Company;
WHEREAS, the Contributor desires to contribute and assign to the
Company all right, title and interest in and to those assets listed on EXHIBIT A
hereto in exchange for an aggregate of ten thousand (10,000) shares of Common
Stock of the Company (the "SHARES") (the rights, preferences and privileges of
which are as set forth in the Company's Certificate of Incorporation) pursuant
to Section 351 of the Internal Revenue Code of 1986, as amended (the "CODE");
WHEREAS, the contribution and exchange pursuant to this Agreement are
part of a plan under Section 351 of the Internal Revenue Code of 1986, as
amended, and are intended to close concurrently; and
WHEREAS, the parties desire to enter into this Agreement with respect
to the assets and property being contributed and assigned to the Company by the
Contributor and the Company desires to accept such contribution and assignment,
on the terms set forth in this Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and conditions set forth below, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties to this Agreement agree as follows:
1. CONTRIBUTION OF ASSETS; ASSUMPTION OF LIABILITIES
1.1 CONTRIBUTION OF ASSETS BY THE CONTRIBUTOR. At the Closing, the
Contributor shall grant, sell, convey, transfer, assign, release and deliver to
the Company all right, title and interest in and to the assets set forth on
EXHIBIT A hereto (the "TITAN ASSETS"), to have and hold the same unto itself,
its successors and assigns forever, and the Company shall accept such grant,
sale, conveyance, etc.
1.2 ASSUMPTION OF LIABILITIES BY THE COMPANY. At the Closing, the
Contributor shall transfer, assign and delegate to the Company all of the
liabilities set forth on EXHIBIT A hereto (the "LIABILITIES"), and the Company
shall accept such transfer, assignment and delegation and assume and undertake
to become liable for such Liabilities and agree to faithfully pay, perform and
discharge such Liabilities when due. The Company further agrees that it shall
1.
indemnify, defend and hold harmless the Contributor, its affiliates, agents,
officers, directors and employees from and against any and all losses, damages,
liabilities expenses, costs, assessments and taxes (including, without
limitation, interest, penalties and attorneys' fees) arising from or in
connection with any debts, liabilities, obligations or contracts assumed under
this Agreement.
2. ISSUANCE OF SHARES; ITEMS TO BE DELIVERED AT CLOSING
2.1 ISSUANCE OF SHARES. Subject to the terms and conditions hereof, at
the Closing (as hereinafter defined) the Company agrees to issue the Shares in
consideration for the assets and property contributed by the Contributor
pursuant to Section 1.1.
2.2 CLOSING DATE. The issuance of the Shares and the other transactions
contemplated hereunder (the "CLOSING") shall take place at the offices of Xxxxxx
Godward LLP at 0000 Xxxxxxxxx Xxxxx, Xxxxx 0000, Xxx Xxxxx, Xxxxxxxxxx 00000 on
August 4, 2000, or at such other time upon which the Contributors shall agree.
2.3 DELIVERY OF THE SHARES. At the Closing, the Company shall issue and
deliver to each Contributor one or more certificates representing the Shares in
consideration for the contribution of the assets and property set forth herein.
Such certificate or certificates evidencing the Shares shall be registered in
the name of the Contributor on the books and records of Company.
2.4 ITEMS TO BE DELIVERED AT THE CLOSING.
(a) CONTRIBUTOR ASSETS. The Contributor shall
deliver the Titan Assets listed on EXHIBIT A hereto as well as an Assignment and
Assumption Agreement evidencing the transfer of such assets. Each stock
certificate shall be duly endorsed or shall be accompanied by an executed stock
power in favor of the Company.
(b) COPY OF THE CERTIFICATE OF INCORPORATION OF THE
COMPANY. The Company shall deliver a copy of its Certificate of Incorporation
and any amendments thereto as filed with the Secretary of State of the State of
Delaware.
3. REPRESENTATIONS, WARRANTIES, AND COVENANTS OF THE CONTRIBUTORS. The
Contributor hereby represents, warrants, and covenants to the Company as
follows:
3.1 REQUISITE POWER AND AUTHORITY. Contributor has all necessary power
and authority under all applicable provisions of law to execute and deliver this
Agreement and to carry out its provisions. All action on Contributor's part
required for the lawful execution and delivery of this Agreement has been or
will be taken prior to the Closing. Upon its execution and delivery, this
Agreement will be a valid and binding obligation of Contributor, enforceable in
accordance with its terms, except (a) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application
affecting enforcement of creditors' rights and (b) general principles of equity
that restrict the availability of equitable remedies.
2.
3.2 INVESTMENT REPRESENTATIONS. The Contributor understands that the
Shares have not been registered under the Securities Act of 1933, as amended
(the "SECURITIES ACT"). The Contributor also understands that the Shares are
being offered and sold pursuant to an exemption from registration contained in
the Securities Act based in part upon the Contributor's representations
contained in this Agreement. The Contributor hereby further represents and
warrants as follows:
(a) CONTRIBUTOR BEARS ECONOMIC RISK. The Contributor has
substantial experience in evaluating and investing in private transactions of
securities in companies similar to the Company so that it is capable of
evaluating the merits and risks of its investment in the Company and has the
capacity to protect its own interests. The Contributor must bear the economic
risk of this investment indefinitely unless the Shares are registered pursuant
to the Securities Act, or an exemption from registration is available. The
Contributor understands that the Company has no present intention of registering
the Shares or any shares of the Company's Common Stock. The Contributor also
understands that there is no assurance that any exemption from registration
under the Securities Act will be available and that, even if available, such
exemption may not allow the Contributor to transfer all or any portion of the
Shares under the circumstances in the amounts or at the times the Contributor
might propose.
(b) ACQUISITION FOR OWN ACCOUNT. The Contributor is acquiring
the Shares for the Contributor's own account for investment only, and not with a
view towards their distribution within the meaning of the Securities Act and the
California Corporate Securities Law of 1968, as amended.
(c) CONTRIBUTOR CAN PROTECT ITS INTEREST. The Contributor
represents that by reason of the Contributor's business or financial experience,
the Contributor has the capacity to protect the Contributor's own interests in
connection with the transactions contemplated in this Agreement.
(d) COMPANY INFORMATION. The Contributor has had an
opportunity to discuss the Company's business, management and financial affairs
with directors, officers and management of the Company and has had the
opportunity to review the Company's operations and facilities. The Contributor
has also had the opportunity to ask questions of and receive answers from, the
Company and its management regarding the terms of this transaction.
(e) RULE 144. The Contributor acknowledges and agrees that the
Shares must be held indefinitely unless they are subsequently registered under
the Securities Act or an exemption from such registration is available. The
Contributor has been advised or is aware of the provisions of Rule 144
promulgated under the Securities Act as in effect from time to time, which
permits limited resale of shares purchased in a private transaction subject to
the satisfaction of certain conditions, including, among other things: the
availability of certain current public information about the Company, the resale
occurring following the required holding period under Rule 144 promulgated under
the Securities Act and the number of shares being sold during any three-month
period not exceeding specified limitations.
3.
(f) RESIDENCE. The Contributor resides or has a principal
place of business in the state of California.
4. REPRESENTATION, WARRANTIES AND COVENANTS OF THE COMPANY. The Company
hereby represents, warrants, and covenants to the Contributors as follows:
4.1 ORGANIZATION, GOOD STANDING AND QUALIFICATION. The Company is duly
organized, validly existing and in good standing under the laws of the State of
Delaware. The Company has all requisite corporate power and authority to own and
operate its properties and assets, to execute and deliver this Agreement, to
issue, sell and deliver the Shares, and to carry out the provisions of this
Agreement.
4.2 CAPITALIZATION. The authorized capital stock of the Company, as of
the date hereof and immediately prior to the Closing, will consist of 20,000,000
shares of Common Stock, of which five million (5,000,000) are issued and
outstanding. The rights, preferences, privileges and restrictions of the
Company's Common Stock are as stated in the Company's Certificate of
Incorporation, as amended. As of the Closing Date, there are no outstanding
options, warrants, rights (including conversion or preemptive rights and rights
of first refusal), proxy or stockholder agreements, or agreements of any kind
for the purchase or acquisition from the Company of any of its securities or
which are convertible into or exercisable for securities of the Company. As of
the Closing Date, the Shares shall be validly issued, fully paid and
nonassessable, and are free of any restrictions, limits, claims, liens or other
encumbrances; provided, however, that the Shares may be subject to restrictions
on transfer under state and/or federal securities laws as set forth herein or as
otherwise required by such laws at the time a transfer is proposed.
4.3 AUTHORIZATION; BINDING OBLIGATIONS. The Agreement, when executed
and delivered, will be a valid and binding obligation of the Company enforceable
in accordance with its terms, except (a) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application
affecting enforcement of creditors' rights and (b) general principles of equity
that restrict the availability of equitable remedies. The sale of the Shares is
not subject to any preemptive or similar rights or rights of first refusal that
have not been properly waived or complied with.
4.4 OFFERING VALID. Assuming the accuracy of the representations and
warranties of each of the Contributors contained in Section 3 hereof, the offer,
sale and issuance of the Shares will be exempt from the registration
requirements of the Securities Act and will have been registered or qualified
(or are exempt from registration and qualification) under the registration,
permit or qualification requirements of all applicable state securities laws.
5. OPTION PLAN AMENDMENTS.
5.1 Effective as of the Closing, options granted under the Company's
1998 Stock Option Plan (the "PLAN") shall be converted into options to purchase
shares of the Contributor's Class A Common Stock under the Contributor's the
2000 Non-Statutory Stock Option Plan or 2000 Equity Incentive Plan, as the case
may be, as set forth on the attached EXHIBIT B. Effective as of the Closing and
in accordance with Section 13 of the Plan, the Plan shall terminate.
4.
5.2 Effective as of the Closing, each outstanding option agreement to
purchase Common Stock of the Company issued under the Plan shall be amended to
become an option to purchase Class A Common Stock of the Contributor pursuant to
Section 11(b) of the Plan, in the ratio of 9.31677 shares of Class A Common
Stock for every one (1) share of SB OperatingCo, Inc. Common Stock.
6. EMPLOYEES. Effective as of the Closing, all employees of the
Contributor shall become employees of the Company.
7. MISCELLANEOUS.
7.1 GOVERNING LAW. This Agreement shall be governed in all respects by
the laws of the State of California as such laws are applied to agreements
between California residents entered into and performed entirely in California.
7.2 ENTIRE AGREEMENT; AMENDMENT. This Agreement, including any and all
attachments or exhibits hereto, constitutes the entire, final and exclusive
understanding and agreement between the parties with respect to the subject
matter hereof and no party shall be liable or bound to any other in any manner
by any representations, warranties, covenants and agreements except as
specifically set forth herein and therein. This Agreement may be amended,
waived, discharged or terminated only by written agreement of the parties.
7.3 SEVERABILITY. In case any provision of this Agreement shall be
invalid, illegal or unenforceable, the parties intend that (a) in lieu of such
provision there be added as part of this Agreement a provision as similar in
terms to such invalid, illegal or unenforceable provision as may be possible and
be valid, legal and enforceable and (b) the validity, legality and
enforceability of the remaining provisions, or any subsequent applications
thereof, shall not in any way be affected or impaired thereby.
7.4 SURVIVAL. The representations, warranties, covenants and agreements
made herein shall survive any investigation made by each Contributor and the
closing of the transactions contemplated hereby.
7.5 SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided
herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the
parties hereto and shall inure to the benefit of and be enforceable by each
person who shall be a holder of the Shares, as the case may be, from time to
time.
7.6 DELAYS OR OMISSIONS. It is agreed that no delay or omission to
exercise any right, power or remedy accruing to any party, upon any breach,
default or noncompliance by another party under this Agreement shall impair any
such right, power or remedy, nor shall it be construed to be a waiver of any
breach, default or noncompliance, or any acquiescence therein, or of or in any
similar breach, default or noncompliance thereafter occurring. All remedies,
either under this Agreement, by law, or otherwise afforded to any party, shall
be cumulative and not alternative.
5.
7.7 CAPTIONS. Titles or captions of Sections and paragraphs contained
in this Agreement are inserted only as a matter of convenience and for
reference, and in no way define, limit, extend, or describe the scope of this
Agreement or the intent of any provision hereto.
7.8 NUMBER AND GENDER. Whenever required by the context, the singular
number shall include the plural, the plural number shall include the singular,
and the gender of any pronoun shall include all genders.
7.9 NOTICES. All notices required or permitted hereunder shall be in
writing and shall be deemed effectively given: (a) upon personal delivery to the
party to be notified; (b) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient, if not, then on the next business
day; (c) upon deposit with the United States Post Office, by registered or
certified mail, return receipt requested, postage prepaid; or (d) one (1) day
after deposit with a nationally recognized overnight courier, specifying next
day delivery, with written verification of receipt. All communications shall be
sent to the Contributors at the respective addresses set forth below or at such
other address as Contributor may designate by ten (10) days advance written
notice to the other party hereto:
Addresses for Notices:
If to the Company:
SB OperatingCo, Inc.
0000 Xxxxxxx Xxxx Xxxx
Xxx Xxxxx, XX 00000-0000
Attn: President
Phone: (000) 000-0000
Fax: (000) 000-0000
If to the Contributor:
SureBeam Corporation
0000 Xxxxxxx Xxxx Xxxx
Xxx Xxxxx, XX 00000-0000
Attn: President
Phone: (000) 000-0000
Fax: (000) 000-0000
7.10 COMPUTATION OF TIME. Whenever the last day for the exercise of any
privilege or the discharge of any duty hereunder shall fall on a Saturday,
Sunday or any public or legal holiday, whether local or national, the person
having such privilege or duty shall have until 5:00 p.m. Pacific Standard Time
on the next business day to exercise such privilege, or to discharge such duty.
7.11 COSTS AND EXPENSES. Unless otherwise provided in this Agreement,
each party shall bear all fees and expenses incurred in performing its
obligations under this Agreement.
6.
7.12 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.
7.13 BROKER'S FEES. Each party hereto represents and warrants that no
agent, broker, investment banker, person or firm acting on behalf of or under
the authority of such party hereto is or will be entitled to any broker's or
finder's fee or any other commission directly or indirectly in connection with
the transactions contemplated herein. Each party hereto further agrees to
indemnify each other party for any claims, losses or expenses incurred by such
other party as a result of the representation in this Section being untrue.
7.14 PUBLIC DISCLOSURE. Unless otherwise required by law or by
obligations pursuant to any listing agreement or rules of any securities
exchange (in which case the disclosing party shall employ reasonable best
efforts to provide the other parties hereto with as much notice as possible with
respect to the contemplated disclosure and the content of the disclosure) or as
otherwise contemplated by or to enforce this Agreement, no disclosure (whether
or not in response to an inquiry) of the subject matter of this Agreement and
the other transactions contemplated by this Agreement shall be made by any party
without prior consultation with and the consent of the other parties.
7.15 LEGEND. Each certificate representing shares issued under this
Agreement shall be stamped or otherwise imprinted with a legend substantially
similar to the following (in addition to any legend required under applicable
state securities laws):
"THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
"ACT") AND MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS
AND UNTIL REGISTERED UNDER THE ACT OR UNLESS THE
COMPANY HAS RECEIVED AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH
REGISTRATION IS NOT REQUIRED."
[THIS SPACE INTENTIONALLY LEFT BLANK]
7.
IN WITNESS WHEREOF, the parties hereto have executed this CONTRIBUTION
AGREEMENT as of the date set forth in the first paragraph hereof.
CONTRIBUTOR:
SUREBEAM CORPORATION
By: /s/ Xxxxx Xxxxxxxxx
-------------------------------
Name: Xxxxx Xxxxxxxxx
-----------------------------
Title: President and CEO
----------------------------
COMPANY:
SB OPERATINGCO, INC.
By: /s/ Xxxxx Xxxxxxxxx
-------------------------------
Name: Xxxxx Xxxxxxxxx
-----------------------------
Title: President and CEO
----------------------------
[SIGNATURE PAGE TO CONTRIBUTION AGREEMENT]
EXHIBIT A
ASSETS CONTRIBUTED BY SUREBEAM
A. ASSETS
1. All of the assets relating to or used in electronic
pasteurization and food applications acquired from The Titan
Corporation headquartered in San Diego, California, as set
forth on ANNEX I and ANNEX II excluding the Excluded Assets as
set forth on ANNEX I hereto.
B. LIABILITIES.
1. The liabilities of SureBeam Corporation arising out of or
relating to electronic pasteurization and food applications
acquired from The Titan Corporation as identified on the
opening balance sheet for SureBeam Corporation, excluding the
Excluded Liabilities as set forth on ANNEX I.
ANNEX I
ASSETS:
The transferred assets shall mean and include: (a) all of the
properties, rights, interests and other tangible and intangible assets relating
to electronic pasteurization and food applications acquired from The Titan
Corporation (wherever located and whether or not required to be reflected on a
balance sheet prepared in accordance with generally accepted accounting
principles, and, in the case of trademarks, patents and patent applications
without regard to whether such trademarks, patents or patent applications are
used in electronic pasteurization or for other applications, including medical
sterilization); PROVIDED, HOWEVER, that such assets shall not include any
Excluded Assets (as defined below). Without limiting the generality of the
foregoing, the Titan Assets shall include:
(1) all inventories and work-in-progress;
(2) unbilled accounts receivable in total book
value of approximately $4,656,000.00;
(3) all equipment, materials, prototypes, tools,
supplies, vehicles, furniture, fixtures, improvements and other
tangible assets;
(4) all advertising and promotional materials;
(5) all proprietary assets, intellectual property,
general intangibles, inventions, know-how and goodwill, including, but
not limited to the whole right, title and interest in and to: the
United States Patents and United States Patent Applications set forth
on ANNEX II (the "PATENTS" and "APPLICATIONS", respectively) and said
inventions and any and all other patents in the United States of
America and all foreign countries which may be granted therefor and
thereon, and in and to any and all divisions, continuations, and
continuations-in-part of said Applications, or reissues or extensions
of said Patents or of said other patents, trade secrets and know-how
related thereto, and all rights under the International Convention for
the Protection of Industrial Property, and the full exclusive benefits
thereof, and all rights, privileges and advantages appertaining
thereto, including any and all rights to damages, profits or recoveries
of any nature for past infringement of said Patents, and the payment of
any and all maintenance fees, taxes and the like; the registered U.S.
Trademark "SureBeam", the name "SureBeam" (including any and all
trademarks in foreign countries which have been or may be granted
therefor) and the stylized SureBeam logo as set forth on ANNEX II; and
the following URLs:
------------------------------------------------------------------------
DOMAIN NAME REGISTRANT EXPIRATION DATE
------------------------------------------------------------------------
xxxxxxxx.xxx The Titan Corporation 02/24/01
------------------------------------------------------------------------
------------------------------------------------------------------------
xxxxxxxx.xxx The Titan Corporation 02/24/01
------------------------------------------------------------------------
xxxxxxxxxxxx.xxx The Titan Corporation 05/02/02
------------------------------------------------------------------------
xxxxxxxxxxxx.xxx The Titan Corporation 05/02/02
------------------------------------------------------------------------
xxxxxxxxxxxx.xxx The Titan Corporation 05/02/02
------------------------------------------------------------------------
xxxxxxxxxxxx.xxx The Titan Corporation 03/03/01
------------------------------------------------------------------------
xxxxxxxxxxxx.xxx The Titan Corporation 05/02/02
------------------------------------------------------------------------
xxxxxxxxxxxx.xxx The Titan Corporation 05/02/02
------------------------------------------------------------------------
xxxxxxxx-xxx.xxx The Titan Corporation 03/01/01
------------------------------------------------------------------------
xxxxxxxxxxx.xxx The Titan Corporation 03/03/01
------------------------------------------------------------------------
Provided, however, that the transferred intellectual property rights
shall not include any rights to such intellectual property retained by Titan
pursuant to that certain License Agreement between The Titan Corporation and the
Company effective as of the date hereof.
(6) all governmental authorizations to the
extent transferable;
(7) all claims (including claims for past
infringement of proprietary assets or intellectual property) and causes
of action against other persons (regardless of whether or not such
claims and causes of action have been asserted), and all rights of
indemnity, warranty rights, rights of contribution, rights to refunds,
rights of reimbursement and other rights of recovery (regardless of
whether such rights are currently exercisable);
(8) all contracts; provided, however that to the
extent any contract for which assignment is provided for herein is not
assignable pursuant to such contract without the written consent of
another party or requires novation, if assigned, this Agreement shall
not constitute an assignment or an attempted assignment thereof if such
assignment or attempted assignment would constitute a breach thereof.
To the extent a contract is not assigned pursuant to this provision,
the Contributor shall cooperate with the Company and shall use its
commercial best efforts in any reasonable arrangement to provide the
Company the economic and other benefits intended to be assigned to the
Company under the relevant contract; and
(9) all books, records, files and data.
EXCLUDED ASSETS:
The Excluded Assets shall mean and include:
(1) all assets allocated to medical applications
of Titan's Beta and Scan Divisions as set forth in the attached
detailed schedules of Assets and related consolidated balance sheet.
EXCLUDED LIABILITIES:
The Excluded Liabilities shall mean and include:
(1) all liabilities allocated to medical
applications of Titan's Beta and Scan Divisions as set forth in the
attached detailed Schedules of Assets and Liabilities and related
consolidated balance sheet.
ANNEX II
UNITED STATES PATENTS
-----------------------------------------------------------------------------------------------------------
TITLE OF PATENT PATENT NUMBER ISSUE DATE
-----------------------------------------------------------------------------------------------------------
Tunable Narrowband Spectrometer with Acousto-Optical Tunable 5,438,406 8/1/95
Filter
-----------------------------------------------------------------------------------------------------------
Tunable Spectrometer with Acousto-Optical Tunable Filter 5,444,528 8/22/95
-----------------------------------------------------------------------------------------------------------
Article Carrier For Conveyor System 5,590,602 1/7/97
-----------------------------------------------------------------------------------------------------------
Article Irradiation System in Which Article-Transporting 5,994,706 11/30/99
Conveyor is Closely Encompassed By Shielding Material
-----------------------------------------------------------------------------------------------------------
Irradiation System Utilizing Conveyor Transported Article 5,396,074 3/7/95
Carriers
-----------------------------------------------------------------------------------------------------------
Access Assignment in a DAMA Communication System 5,197,125 3/23/93
-----------------------------------------------------------------------------------------------------------
Acquisition Of Carrier Phase and Symbol Timing Through Point 5,544,200 8/6/96
Estimation Of Phase and Timing Adjustments
-----------------------------------------------------------------------------------------------------------
Communication Signal Detection and Acquisition 5,282,227 1/25/94
-----------------------------------------------------------------------------------------------------------
Conversion of Analog Signal Into I and Q Digital Signals With 5,067,140 11/19/91
Enhanced Image Rejection
---------------------------------------------------------------- --------------------------------------------
UNITED STATES PATENT APPLICATIONS
--------------------------------------------------------------------------------------------------------------------
TITLE OF PATENT APPLICATON APPLICATION SERIAL NO. FILING DATE
--------------------------------------------------------------------------------------------------------------------
Apparatus For, And Method Of Sterilizing Products, Primarily 60/154,397 9/17/99
Food Products
--------------------------------------------------------------------------------------------------------------------
Apparatus For, And Methods Of, Sterilizing Products, Primarily 09/456,061 12/7/99
Food Products
--------------------------------------------------------------------------------------------------------------------
Article Irradiation System Having Intermediate Wall Of 09/102,942 6/23/98
Radiation Shielding Material Within Loop Of Conveyor System
That Transports The Articles
--------------------------------------------------------------------------------------------------------------------
INVENTION DISCLOSURE
---------------------------------------------------------------------------------------------------------------------
TITLE OF INVENTION DISCLOSURE INVENTORS
---------------------------------------------------------------------------------------------------------------------
System For, And Method Of, Irradiating Article With X-Xxx Xxxx Xxxx Xxxxxx Xxxxx; Xxxx X. Xxxx;
Xxxxxx X. Xxxxxxxx; Xxxxx X. Xxxxxxxx
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U.S. TRADEMARKS
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XXXX REGISTRATION NUMBER ISSUE DATE
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SUREBEAM 1,855,367 9/20/94
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LOGO
EXHIBIT B
OPTION GRANTS AND EXCHANGES
