ASSIGNMENT OF LICENSE
THIS ASSIGNMENT OF LICENSE (this "Assignment") is made as of the 13th day
of November, 2001 by and between ASTRALIS, LLC., a New Jersey limited liability
company ("Assignor") and HERCULES DEVELOPMENT GROUP, INC., a Colorado
corporation ("Assignee").
WHEREAS, XXXX XXXXXXX X'XXXX ("Owner") and Assignor are party to a certain
License Agreement dated April 26, 2001, attached hereto as Exhibit A (the
"License Agreement');
WHEREAS, pursuant to the License Agreement, Owner granted Assignor an
exclusive license to use and exploit certain inventions and technology for the
treatment and clinical remission of psoriasis;
WHEREAS, Assignor wishes to assign, and Assignee wishes to acquire all of
Assignor's rights and obligations under the Agreement; and
WHEREAS, prior to the date of this Assignment, Assignee has notified
Assignor in writing of its intention to be bound by all of the terms and
conditions of the License Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Assignor hereby assigns and
transfers to Assignee all of its rights and obligations under the License
Agreement and Assignee hereby agrees to be bound by all of the terms and
conditions of the License Agreement.
This Assignment may be executed in counterparts each of which shall be an
original document.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be
executed as of the date set forth above.
ASTRALIS, L.L.C.
By: ___________________________
Name: Xxxx Ajnsztajn
Title: Managing Member
HERCULES DEVELOPMENT GROUP,
INC.
By: ___________________________
Name: Xxxx Xxxxx
Title: President
