Exhibit 10.3
PATENT ASSIGNMENT
ASSIGNMENT made as of January 15, 2005 by Xxxx Xxxxxxxx, an individual residing
at 000 Xxxxxxxxxxx Xxxxx, Xxxxx Xxxxxx, Xxxxxxx 00000 ("Assignor"), to
Alternative Construction Company, Inc., a Florida corporation with offices at
0000 X. Xxxxxx Xxxx Xxxx., Xxxxx 000, Xxxxxxxxx, XX 00000 ("Assignee").
Letters patent of the United States have been issued to Xxxxxxx X.
Xxxxxx and Al Demopolis, the Inventors and sold to the Assignor for a structural
panel system which are numbered 5,373,678 and dated December 20, 1994.
The Assignor is the sole owner of said patent and of all rights
thereunder.
The Assignee wishes to acquire all interest in the improvement and the
patent.
Now therefore, in consideration of the sum of ten dollars ($10.00) and
other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Assignor hereby assigns to the Assignee all of Assignor's
interest in said letters patent, said interest to extend to the full end of the
term for which the letters patent or any reissues, renewals, or extensions
thereof are or may be granted.
In witness whereof the Assignor has executed this instrument.
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Xxxx Xxxxxxxx
State of Florida }
County of Xxxxxxx } ss.:
On the __ day of ___________ 200_, before me personally came Xxxx
Xxxxxxxx, who acknowledged that he resides at 000 Xxxxxxxxxxx Xxxxx, Xxxxx
Xxxxxx, XX 00000 and he is the individual who executed the accompanying Patent
Assignment.
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Notary
