Exhibit 10.11
 
GRANT OF SECURITY INTEREST IN PATENTS
 
This Grant of Security Interest in Patents, dated as of June 30, 2009, is made
between DeWind, Inc., a Nevada corporation having a place of business at 2026
McGaw Avenue, Irvine, California (the “Grantor”) and Northlight Financial LLC, a
Delaware limited liability company, having a place of business 24 West 40th
Street, 12th Floor, New York, New York 10018 (the “Secured Party”);
 
WHEREAS, Grantor is the owner of the patents and the patent applications
identified in the attached Schedule A (the “Patents”);
 
WHEREAS, Grantor is obligated to the Secured Party under the terms of that
certain Security Agreement among Grantor and the Secured Party dated June 30,
2009 (the “Security Agreement”); and
 
WHEREAS, pursuant to the Security Agreement, Grantor is granting the Secured
Party a security interest in the Patents, all proceeds thereof, all rights
corresponding thereto and all reissues, divisions, continuations,
continuations-in-part, renewals and extensions thereof.
 
NOW THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged, Grantor does hereby grant and assign to Secured Party a security
interest in and to all of Grantor’s rights, title and interest in and to the
Patents and all rights corresponding thereto, including, without limitation, (i)
all reissues, divisions, continuations, continuations-in-part, renewals and
extensions thereof; (ii) all proceeds, income, royalties, damages and payments
now due or payable or which hereafter become due or payable with respect
thereto; (iii) all causes of action (in law or equity) and rights to sue,
counterclaims and/or recoveries for past, present or future infringements
thereof; and (iv) all rights corresponding to the foregoing throughout the
world.
 
Grantor hereby agrees to execute all papers and to perform all other proper acts
requested by Secured Party or its successors or assigns to secure to Secured
Party or its successors or assigns the rights hereby transferred.
 
Grantor does hereby acknowledge and affirm that the rights and remedies of
Secured Party with respect to the foregoing security interest in the Patents
made and granted hereby are more fully set forth in the Security Agreement, the
terms and provisions of which are hereby incorporated herein by reference as if
fully set forth herein, and that this document is subject to the terms and
conditions of the Security Agreement.
 
[Signature Pages Follow]

 
 

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the undersigned have executed this Grant of Security
Interest in Patents this ___ day of June, 2009.
 
DEWIND, INC.
 
By:
 
Name:
Title:

 
STATE OF
}
 
} ss:
COUNTY OF
}

 
Before me, the undersigned, a Notary Public of the State of ____________,
personally appeared _________________________, having been sworn by me according
to law did depose and say he/she  was the ________________ of DeWind, Inc. and
did acknowledge the execution of the foregoing Grant of Security Interest in
Patents on behalf of DEWIND, INC.
 
IN WITNESS WHEREOF, I have hereunto set my hand and official seal as of this ___
of June, 2009.

 

   
Notary Public

 
(Notarial Seal)

 
2

--------------------------------------------------------------------------------

 
 
NORTHLIGHT FINANCIAL LLC
 
By:
 
Name:
Title:

STATE OF
}
 
} ss:
COUNTY OF
}

 
Before me, the undersigned, a Notary Public of the State of ____________,
personally appeared ______________________________, having been sworn by me
according to law did depose and say he/she  was the _________________ of
Northlight Financial LLC and did acknowledge the execution of the foregoing
Grant of Security Interest in Patents on behalf of NORTHLIGHT FINANCIAL LLC
 
IN WITNESS WHEREOF, I have hereunto set my hand and official seal as of this ___
of June, 2009.

 

   
Notary Public

 
(Notarial Seal)

 
3

--------------------------------------------------------------------------------

 

Schedule A
 
[Patents]

 
4

--------------------------------------------------------------------------------