Exhibit 10.16





Exhibit 10.16




ASSIGNMENT




This assignment is made by MICHAEL KENT HODGES, 6660 Delmonico Drive Suite 242D, Colorado
Springs, CO 80919, and LARRY D. CAMPBELL, 2707 Maple Drive, Harrah, OK 73045 (each of whom is a US
citizen and is referred to hereinafter as “ASSIGNOR”) to GENESIS FLUID SOLUTIONS, LTD, a
corporation organized under the laws of the State of Colorado and having an office at 6660
Delmonico Drive Suite 242D, Colorado Springs, CO 80919 (“ASSIGNEE”).



FOR ONE U.S. DOLLAR ($1.00) AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, the receipt of
which is hereby acknowledged, ASSIGNOR does hereby sell, assign and transfer to ASSIGNEE the
entire right, title and interest, together with all rights of priority, in and to my invention
entitled APPARATUS AND METHOD FOR DE-WATERING OF SLURRIES, as described and/or claimed in U.S.,
Application No. 11/676,699, filed February 20, 2007 and PCT Application No. PCT/GB2007/000544
filed February 16, 2007. ASSIGNOR further does hereby sell, assign and transfer to ASSIGNEE the
entire right, title and interest, together with all rights of priority, in and to ASSIGNOR’S
invention as described and/or claimed in any and all applications for patents based on the
invention, including divisionals, continuations, renewals, substitutes and reissues thereof, and
all rights of priority resulting from any of these patent applications, as well as all foreign
counterparts and extensions thereof, together with all patents issuing on any of these
applications for the full terms of all of the patents which may be granted on the invention.



ASSIGNOR HEREBY AUTHORIZES ASSIGNEE to make applications for, to prosecute such applications,
and to receive patents for the invention in the United States and any foreign countries, in
ASSIGNEE’s name.



ASSIGNOR HEREBY PROMISES AND AGREES that ASSIGNOR will execute or procure any further
necessary assurance of title to the invention and any patents which may issue on the invention.
ASSIGNOR will, at any time, upon the request and without further consideration, but at the expense
of ASSIGNEE, deliver any testimony in any legal proceedings and execute all papers and do all other
things that may be necessary or desirable to perfect the title to the invention, or any patents
which may be granted therefor, in ASSIGNEE, its successors, assigns, or other legal
representatives. ASSIGNOR will, at any time, upon the request and at the expense of ASSIGNEE,
execute any continuations, divisionals, reissues, or any other additional applications for patents for the invention or any part or parts thereof and any patents issuing thereon are
hereby assigned to ASSIGNEE. ASSIGNOR will make all rightful oaths, and do all lawful acts
required for procuring and enforcing any of the patents, without further compensation, but at the
expense of ASSIGNEE, its successors, assigns or other legal representatives.


 


 









 





ASSIGNOR HEREBY AUTHORIZES AND REQUESTS the Commissioner of Patents and Trademarks to issue
any and all Letters Patent of the United States for the invention, resulting from any of the
aforesaid applications to the ASSIGNEE.



	 	 	 	 	 	 	 
	Date:

	 	08/16/09
	 	/s/ Michael Kent Hodges

	,	 ASSIGNOR
	 

	 	 

	 	 

Michael Kent Hodges	 	 
	 
	 
	Date:

	 	08/16/09
	 	/s/ Larry D. Campbell

	,	 ASSIGNOR
	 

	 	 

	 	 

Larry D. Campbell