Assignment of patents of Professor Xx. Xxxxxxxx Xxxxxxxx to Sangui Biotech, AG &
GlukoMeditech, AG
Date: 29 October 1996 (sic - actual date was 7 July 1997)
This agreement is made and executed between Xxxxxxxxx Xxxxxxxx Xxxxxxxx and
Sangui Biotech, AG (Sangui) and GlukoMediTech, AG (GlukoMediTech), companies
organized under the laws of Germany.
1. RATIFIED, that all patents issued to Professor Xx. Xxxxxxxx Xxxxxxxx
relating to oxygen carrier, oxygen sensor and glucose sensor will be assigned to
either Sangui or GlukoMediTech.
2. RATIFIED, that all patent applications, when granted from the applicable
patent office or any other agencies, shall be assigned also to either Sangui or
GlukoMediTech.
3. RATIFIED, that all patents granted to Xxxxxxxx in the future, will be
automatically assigned to either Sangui or GlukoMediTech.
4. RATIFIED, that Sangui Biotech, AG and GlukoMediTech, AG will grant
Barnikol royalty on future product sales as the sole considerations for
Xxxxxxxx's patents.
3% royalty on products on net revenues be paid to Professional Xxxxxxxx
Xxxxxxxx, MD, Ph.D on products developed by SanguiBiotech AG or GlukoMediTech,
AG. The royalty shall expire in 20 years or upon expiration of the relevant
patent(s) on which the products are based on, whichever comes first.
The royalty shall be made in the above-described manner, when applicable, to
Xxxxxxxxx Xxxxxxxx Xxxxxxxx or to his estate or his heirs as it may apply.
Accepted
/s/ Xxxx X. Xxxxxxxx /s/ X. Xxxxxxxx
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SanguiBiotech AG Professor Xx. Xxxxxxxx Xxxxxxxx
XxxxxXxxxXxxx AG
Xxxx X. Xxxxxxxx
Director
