EXHIBIT 10.2
ASSIGNMENT OF PATENT
This Assignment of Patent (the "Assignment") is made as of this 28th
day of June, 2011 by and between Solar3D, Inc., a Delaware corporation (the
"Assignor"), and Wideband Detection Technologies, Inc., a Florida corporation
with a principal place of business located at 0000 Xxxxxxxxx Xxxxxx, Xxxxx 000,
Xxxxxx, Xxxxxxxxxx 00000 (the "Assignee").
R E C I T A L S
WHEREAS, Assignor warrants and represents that it is the owner of the
entire right, title, and interest in and to the patent number 7,184,423 (the
"Patent"), as set forth in Schedule A hereto.
WHEREAS, Assignor has agreed to assign to Assignee the Assignor's
entire right, title, and interest in and to the Patent.
NOW THEREFORE, for a one time consideration of the assumption of
significant liabilities of Assignor by the Assignee pursuant to that certain
Assignment of Intangible Assets and Assumption of Liabilities by and between the
Assignor and the Assignee, dated of even date herewith, receipt of which is
hereby acknowledged, and for other good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged by the Assignor and the
Assignee, Assignor hereby assigns to Assignee all of Assignor's right, title,
and interest in and to the Patent together with all the goodwill of the business
appurtenant thereto, and with the right to xxx for all past infringements
thereof, and Assignor agrees to execute and deliver upon the request of Assignee
all documents and instruments necessary or appropriate to evidence or record the
transfer and assignment made hereunder in the proper offices.
The responsibility for prosecuting and maintaining the Patent and
additional claims, if and when granted, is hereby assumed by Assignee upon the
date first above written.
The forms required by the patent offices for registering the Assignee
as the new owner of the Patent will be prepared by the Assignor upon the
request, and at the expense, of the Assignee.
IN WITNESS WHEREOF, the parties have caused this Assignment to be
executed by their officers duly authorized, as of the day and year first above
written.
ASSIGNOR: SOLAR3D, INC.
_________________________________________
Xxxxx X. Xxxxxx, Chief Executive Officer
ASSIGNEE: WIDEBAND DETECTION TECHNOLOGIES, INC.
By:
_________________________________________
Xxxxxx X. Xxxxx, President
[ATTACH NOTARY]
