PATENT ASSIGNMENT
Exhibit 10.29
WHEREAS, AWG International, Inc., a Nevada corporation, ("Assignor") owns all right, title and interest in and to the following patents, applications and all inventions and technology described thereby (collectively the "Patents"):
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U.S. Patent No. 7,272,947;
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U.S. Patent No. 7,886,557;
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PCT Patent Application No. PCT/US2005/031948; and
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All patents and patent applications throughout the world existing now or in the future, domestic and foreign, that claim priority directly or indirectly to the above-listed U.S. patents and PCT application.
WHEREAS, Xxxxx X. Xxxxx and Xxx X. Xxxxxxxx, individuals acting in their individual capacity, ("Assignees") are desirous of jointly acquiring the entire right, title and interest in and to the Patents and the inventions and technology described thereby.
NOW, THEREFORE, in exchange for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
1
Assignor hereby assigns and transfers to Assignees the entire right, title and interest in and to the Patents, the inventions and technology described thereby, and any and all divisions, reissues and continuations thereof.
2
The Patents and the inventions and technology described thereby shall be held and enjoyed by Assignees and their successors and assigns, for their exclusive use and benefit as fully and entirely as the same would have been held and enjoyed by Assignor had this assignment not been made.
3
Assignor hereby authorizes and requests all applicable patent offices throughout the world to issue all letters patent on the Patents and the inventions and technology described thereby to Assignees.
4
Xxxxxxxx agrees to execute all instruments and documents required for the making and prosecution of applications for letters patent on the inventions and technology covered by the Patents, for litigation regarding said letters patent, or for the purpose of protecting title to the inventions and technology described in the Patents and all letters patent related thereto.
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