Exhibit 10.6
ASSIGNMENT AND PURCHASE OF INTELLECTUAL PROPERTY
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WHEREAS, Creative Products International, Inc, a Delaware corporation
with a principal place of business at 0000 Xxxxx Xxx. South, Seattle WA 98134
("'Assignor") has ownership to certain trademarks, copyrights, or other
intellectual property identified on the attached Schedule A (collectively "the
said intellectual property"); and
WHEREAS, Xxxxx X Xxxxxxxx, with a principal residence at 0000 Xxxxxxxx
Xxx X, Xxxxxxx, XX 00000 ("'Assignee") is desirous of acquiring any and all
rights that Assignor may have in and to the said Intellectual Property, and all
pending applications and registrations therefore, together with the goodwill of
the business in connection with which the said Intellectual Property is used and
which is symbolized by the said Intellectual Property used and which is
symbolized by the said Intellectual Property, along with the right to recover
for damages and profits for past infringements thereof and ail extensions and
renewals among the foregoing;
NOW, THEREFORE, for good and valuable consideration, receipt of which
is hereby acknowledged, Assignor does hereby assign unto Assignee all right,
title, and interest in and to the said Intellectual Property and the
registrations therefore for the United States throughout the world together with
the goodwill of the business in connection with which the said Intellectual
Property is used and which is symbolized by the said Intellectual Property,
along with the right to recover for damages and profits for the past
infringements thereof; t
Assignor agrees to execute and deliver at the request of the Assignee,
all papers, instruments and assignments and to perform any other reasonable acts
the Assignee may require in order to vest all Assignors rights, title, and
interest in and to the said Intellectual Property in the Assignee and/or to
provide evidence to support any of the foregoing in the event such evidence is
deemed necessary by the Assignee, to the extent such evidence is in the
possession or control of the Assignor.
Assignee agrees to purchase Intellectual Property for $5,000. The form
of payment shall be a reduction to Assignors current indebtedness to Assignee by
$5,000. The effective dare of the reduction to debt shall be April 9, 2001.
On behalf of
CREATIVE PRODUCTS INTERNATIONAL, INC.
/s/ XXXX XXXXXXXX
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Xxxx Xxxxxxxx
Director
/s/ XXXXX XXXXXXXX
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Xxxxx Xxxxxxxx
SCHEDULE A
Xxxxxx Xxxxx Xxxxxx
Xxxxxx Xxxxx Xxxxxxx
Xxxxx Xxxx
Xxxxxx Xxxxx
Ranger Xxxx
Xxxxxxxx Xxxxxxxx
Xxxxxxxx Xxxxxxx
Artist Xxxxx
Artist Xxxxx
Fire Fighter Xxxxxxx
Fire Fighter Xxxxxxx
Doctor Xxxxx
Doctor Xxxxxxxx
Veterinarian Xxxxxxx
Xxxxxxxxx Xxxxx
Race Car Driver Remy
Booster Bear
Traffic Cop Xxxxx
Xxxxxxxxx (Moo, Xx, Xxx, Xxx)
All draft rhymes, unpublished works, pictures, images, sketches, book and
product concepts, parent tips, web site plans, ad all other related products,
manuscripts and product line extensions.
