INTELLECTUAL PROPERTY ASSIGNMENTIntellectual Property Assignment • March 30th, 2015 • Coil Tubing Technology, Inc. • Oil & gas field machinery & equipment
This Intellectual Property Assignment (the “Assignment” or “Agreement”) is entered on March 25, 2015 to be effective as of December 1, 2014, by and between Jerry L. Swinford, an individual residing in the State of Texas (“Assignor”) and Coil Tubing Technology, Inc., a Nevada corporation (“Assignee”). Assignor and Assignee may be referred to herein individually as a “Party” and jointly as the “Parties.”
INTELLECTUAL PROPERTY PURCHASE AGREEMENTIntellectual Property Purchase Agreement • March 30th, 2015 • Coil Tubing Technology, Inc. • Oil & gas field machinery & equipment • Texas
This Intellectual Property Purchase Agreement (this “Agreement”) is made and entered into on the 25th day of March 2015, to be effective as of December 1, 2014 (the “Effective Date”), by and among Jerry Swinford, an individual (the “Seller”), and Coil Tubing Technology, Inc., a Nevada corporation (the “Purchaser”), each a “Party” and collectively the “Parties.”
GUARANTYGuaranty • March 30th, 2015 • Coil Tubing Technology, Inc. • Oil & gas field machinery & equipment • Texas
This Guaranty (the “Guaranty” or the “Agreement”) is made as of March 25, 2015 by Coil Tubing Technology Holdings, Inc., a Nevada corporation (“Holdings”), Total Downhole Solutions, Inc., a Texas corporation, Coil Tubing Technology, Inc., a Texas corporation, Coil Tubing Technology Canada Inc., an Alberta Canada corporation, and Excel Inspection, LLC, a Texas limited liability company (collectively, with Holdings, the “Guarantor”) in favor of Jerry L. Swinford, an individual (“Swinford”). When the context in which words are used in this Agreement indicates that such is the intent, singular words shall include the plural, and vice versa, and masculine words shall include the feminine and neuter genders, and vice versa. Captions are inserted for convenience only, are not a part of this Agreement, and shall not be used in the interpretation of this Agreement. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Purchase Agreement and the Notes (
