Exhibit 10.16
TRADEMARK ASSIGNMENT
Prism Acoustics, Inc. (d/b/a The VHDL Technology Group), a Delaware
corporation, having its principal place of business at 000 Xxxxxxxx Xxxxxx,
Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxxxx 00000 (the "Seller"), for good and valuable
consideration, the receipt of which is hereby acknowledged, hereby assigns and
delivers to Intrinsix Corp., a Massachusetts corporation having its principal
place of business at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxxxx 01581 (the
"Buyer"), its entire right, title and interest in and to each of the trademarks,
service marks, trade names, service marks, registrations and applications for
registrations used in the business of the Seller, including, without limitation,
the trademarks set forth herein, including all goodwill associated therewith,
together with the entire right, title and interest in and to any and all causes
of action for infringement thereof, including the right to recover for past
infringement, and the same to be held and enjoyed by the Buyer, its successors
and assigns.
TRADEMARKS
Prism
Prism Acoustics
VHDL
Designers' Introduction to VHDL
Dragster
Dragster-Pro
Each of the Seller and Xxxxxxx X. Xxxxxxxxxx, the sole stockholder of the
Seller (the "Stockholder"), further agrees, for itself, its successors and
assigns, to execute such further documents and to perform such further lawful
acts as may reasonably be requested by the Buyer to effectuate this assignment.
Witness my hand this 18th day of May, 1998.
SELLER:
PRISM ACOUSTICS, INC.
By: /s/ Xxxxxxx X. Xxxxxxxxxx
--------------------------------
Xxxxxxx X. Xxxxxxxxxx
Title: President
STOCKHOLDER:
/s/ Xxxxxxx X. Xxxxxxxxxx
------------------------------------
Xxxxxxx X. Xxxxxxxxxx
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