Exhibit 10.3
ASSIGNMENT OF ISSUED UNITED STATES PATENT
AND PENDING UNITED STATES PATENT APPLICATION
WHEREAS, George Adams, an individual residing at 3200 E. Frontera, Anaheim,
California 92806, (hereinafter "ASSIGNOR"), represents and warrants that he is
the sole owner of the entire right, title, and interest in and to United States
Letters Patent No. 7,430,077 for SOLAR TRACKING REFLECTOR SYSTEM FOR STRUCTURE
LIGHTING, which issued on SEPTEMBER 30, 2008 (hereinafter "the Patent") and that
he is the sole owner of the entire right, title, and interest in and to United
States Patent Application No. 12/323,935 for SOLAR TRACKING REFLECTOR SYSTEM FOR
STRUCTURE LIGHTING, which was filed on NOVEMBER 26, 2008 (hereinafter "the
Patent Application"), as set forth in an Assignment executed on March 3, 2009,
and recorded on March 19, 2009, on Reel 022427, at Frame 0123, in the assignment
records of the United States Patent and Trademark Office;
WHEREAS, Ciralight Global, Inc. (hereinafter "ASSIGNEE"), a Nevada
corporation having its principal place of business at 2603 Main Street, Suite
1150, Irvine, California 92614, (hereinafter "ASSIGNEE"), desires to purchase
the entire right, title, and interest in and to the Patent and the Patent
Application;
NOW, THEREFORE, in consideration of One Dollar ($1.00) to ASSIGNOR, and
other good and valuable consideration, the receipt of which is hereby
acknowledged, ASSIGNOR hereby further acknowledges that he has sold, assigned,
and transferred, and by these presents does hereby sell, assign, and transfer,
unto ASSIGNEE, its successors, legal representatives, and assigns, the entire
right, title, and interest in and to the Patent and the Patent Application and
all divisions, renewals and continuations thereof, and all Letters Patent of the
United States which have granted and which may be granted thereon and all
reissues and extensions thereof, and all rights of priority under International
Conventions and applications for Letters Patent which may hereafter be filed for
the improvements in any country or countries foreign to the United States, and
all Letters Patent which may be granted for the improvements in any country or
countries foreign to the United States and all extensions, renewals and reissues
thereof; and Assignor hereby authorizes and requests the Commissioner of Patents
of the United States, and any Official of any country or countries foreign to
the United States, whose duty it is to issue patents on applications as
aforesaid, to issue all Letters Patent for the improvements to the ASSIGNEE, its
successors, legal representatives and assigns, in accordance with the terms of
this instrument.
ASSIGNOR does hereby sell, assign, transfer, and convey to ASSIGNEE, its
successors, legal representatives, and assigns all claims for damages and all
remedies arising out of any violation of the rights assigned hereby that may
have accrued prior to the date of assignment to ASSIGNEE, or may accrue
hereafter, including, but not limited to, the right to sue for, collect, and
retain damages for past infringements of the Patent, the Patent Application and
any Patents that may issue from the Patent Application.
IN TESTIMONY WHEREOF, I hereunto set my hand and seal this 17th day of
December, 2009.
/s/ George Adams
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George Adams
STATE OF CALIFORNIA
ss.
COUNTY OF ORANGE
On December 17, 2009, before me, Allyson E. Lane, Notary Public, personally
appeared George Adams, who proved to me on the basis of satisfactory evidence to
be the person whose name is subscribed to the within instrument, and
acknowledged to me that he executed the same in his authorized capacity, and
that by his signature on the instrument the person, or the entity upon behalf of
which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of Utah that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
/s/ Allyson E. Lane
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Signature of Notary Public [seal]