ASSIGNMENT AND CONSENT
EXHIBIT 99.8
This Assignment and Consent is made this 12th day of February, 2008 among the
undersigned.
WHEREAS, Dr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ (collectively “Gunnerman”) on the one hand
and ▇▇▇▇▇ Capital LP and Iroquois Master Fund Ltd. (“▇▇▇▇▇” and “Iroquois”, respectively) on the
other hand, entered into as of February 12, 2008, a Stock Purchase Agreement, Stock Option
Agreement, Lockup Agreement, Purchase Escrow Agreement, and Stock Option Funds Escrow Agreement
(collectively, “Transaction Documents”) in connection with the sale and purchase and option to
purchase common stock of Sulphco, Inc. (“Common Stock”); and
WHEREAS, Gunnerman, ▇▇▇▇▇ and Iroquois agree to realign and assign the interests of ▇▇▇▇▇ and
Iroquois in the Transaction Documents.
NOW, THEREFORE, in consideration of the mutual covenants, conditions and agreements herein
contained, and intending to be legally bound, the parties hereto hereby agree as follows:
1. The interests and Proportionate Amounts of ▇▇▇▇▇ and Iroquois are assigned and realigned in
the amounts set forth on Schedule A hereto.
2. The undersigned assignees agree that their signatures below are deemed to be their
signatures and consent to their being parties to the Transaction Documents and entitled to the
rights and benefits and bound by the obligations under the Transaction Documents in the amounts and
interests set forth on Schedule A hereto, as if the undersigned assignees had executed such
Transaction Documents.
3. Gunnerman consents to the assignment and realignment described in this Assignment and
Consent.
4. This Assignment and Consent may be signed by facsimile and delivered electronically.
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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[SIGNATURE PAGE TO ASSIGNMENT AND CONSENT]
[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Signature
of Authorized Signatory of Buyer: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name of
Authorized Signatory: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title of Authorized Signatory:
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 3.33%
[SIGNATURE PAGES CONTINUE]
2
[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Signature of Authorized Signatory of Assignee: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name of Authorized Signatory: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title of Authorized Signatory:
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 2%
[SIGNATURE PAGES CONTINUE]
3
[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: ▇▇▇▇▇ ▇▇▇▇▇▇▇
Signature of Authorized Signatory of Assignee: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
Name of Authorized Signatory: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
Title of Authorized Signatory:
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 2%
[SIGNATURE PAGES CONTINUE]
4
[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: ▇▇▇▇▇ ▇▇▇▇ Irrevocable Trust
Signature of Authorized Signatory of Assignee: /s/ ▇▇▇▇▇▇ ▇▇▇▇, Trustee
Name of Authorized Signatory: /s/ ▇▇▇▇▇▇ ▇▇▇▇, Trustee
Title of Authorized Signatory: Trustee
Title of Authorized Signatory: Trustee
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 11.33%
[SIGNATURE PAGES CONTINUE]
5
[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: ▇▇▇▇ ▇▇▇▇▇
Signature of Authorized Signatory of Assignee: /s/ ▇▇▇▇ ▇▇▇▇▇
Name of Authorized Signatory: /s/ ▇▇▇▇ ▇▇▇▇▇
Title of Authorized Signatory:
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 11.33%
[SIGNATURE PAGES CONTINUE]
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[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: Iroquois Capital Opportunity Fund L.P.
Signature of Authorized Signatory of Assignee: /s/ ▇▇▇▇ ▇▇▇▇▇
Name of Authorized Signatory: ▇▇▇▇ ▇▇▇▇▇
Title of Authorized Signatory: General Partner
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 26.67%
[SIGNATURE PAGES CONTINUE]
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[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: Iroquois Master Fund Ltd.
Signature
of Authorized Signatory of Buyer: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name of
Authorized Signatory: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title of Authorized Signatory: Authorized Signatory
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 13.34%
[SIGNATURE PAGES CONTINUE]
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[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]
IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above
written.
Name of Assignee: ▇▇▇▇▇ Capital LP
Signature of Authorized Signatory of Assignee: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
Name of Authorized Signatory: ▇▇▇▇▇▇ ▇▇▇▇▇
Title of Authorized Signatory: General Partner
Fax Number of Assignee:
Address for Notice to Assignee:
With a copy to (which shall not constitute notice):
Grushko & ▇▇▇▇▇▇▇, P.C.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇, Esq.
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
Address for Delivery of Securities for Assignee (if not same as above):
Proportionate Amount: 30%
9
