Assignment by Inventor


    Exhibit
      10.2

     

    ASSIGNMENT
      BY INVENTOR

     

    THIS
      ASSIGNMENT, made
      by
      David C. Dorr (hereinafter referred to as Assignor), residing at 900 West
      Avenue, Apt. 1519, Miami Beach, Florida 33139;

     

    WHEREAS,
      Assignor
      has invented certain new and useful improvements in SYSTEM
      AND
      METHOD FOR A LIFE SETTLEMENT AND/OR VIATICAL EXCHANGE, set forth in
      a
      Patent application for Letters Patent of the United States, already filed on
      July 21, 2004 as U.S.
      Application No. 10/895112; and

     

    WHEREAS,
      Life-Exchange,
      Inc., a corporation organized under and pursuant to the laws
      of
      Florida having its principal place of business at 1602 Alton Road, Suite 125,
      Miami Beach,
      Florida
      33139 (hereinafter referred to as Assignee), is desirous of acquiring the entire
      right, title and
      interest in and to said inventions and said Application for Letters Patent
      of
      the United States,
      and in
      and to any Letters Patent of the United States to be obtained therefore and
      thereon.

     

    NOW,
      THEREFORE,
      in consideration
      of One Dollar
      ($1.00)
      and other good and
      sufficient
      consideration, the receipt of which is hereby acknowledged, Assignor has sold,
      assigned,
      transferred and set over, and by these presents does sell, assign, transfer
      and
      set over, unto Assignee, its successors, legal representatives and assigns,
      the
      entire right, title and interest in and to the above-mentioned inventions and
      application for Letters Patent, and in and to any
      and
      all
      direct and indirect divisions, continuations and continuations-in-part of said
      application, and any and
      all
      Letters Patent in the United States and all foreign countries which may be
      granted therefore
      and
      thereon, and reissues, reexaminations and extensions of said Letters Patent,
      and
      all rights under the International Convention for
      the
      Protection of Industrial Property, the same to be held and
      enjoyed by Assignee, for its own use and benefit and the use and benefit of
      its
      successors, legal
      representatives and assigns, to the full end of the term or terms for which
      Letters Patent may be granted and/or extended, as fully and entirely as the
      same
      would have been held and enjoyed by Assignor, had this sale and assignment
      not
      been made.

     

    AND
      for
      the
      same consideration, Assignor hereby represents and warrants to Assignee, its
      successors, legal representatives and assigns, that, at the time of execution
      and delivery
      of these presents, except for any rights, titles and/or interests that have
      arisen to Assignee under
      law
      or that have already been transferred to Assignee, Assignor is the sole and
      lawful owner

     

    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     


    of
      the
      entire right, title and interest in and to the said inventions and application
      for Letters Patent above-mentioned, and that the same are unencumbered and
      that
      Assignor has good and full right and lawful authority to sell and convey the
      same in the manner herein set forth.

     

    AND
      for
      the
      same consideration, Assignor hereby covenants and agrees to and with Assignee,
      its successors, legal representatives and assigns, that Assignor will sign
      all
      papers and documents, take all lawful oaths and do all acts necessary or
      required to be done for the procurement, maintenance, enforcement and defense
      of
      any Letters Patent and applications for Letters Patent for said inventions,
      without charge to Assignee, its successors, legal representatives and assigns,
      whenever counsel of Assignee, or counsel of its successors, legal
      representatives and assigns, shall advise: that any proceeding
      in connection with said inventions, or said Patent application for Letters
      Patent, or any proceeding
      in connection with any Letters Patent or applications for Letters Patent for
      said inventions in any country, including but not limited to interference
      proceedings, is lawful and desirable; or, that any division, continuation or
      continuation-in-part of any application for Letters Patent, or any reissue,
      reexamination or extension of any Letters Patent, to be obtained thereon, is
      lawful and desirable.

     

    AND
      Assignor
      hereby requests the Commissioner of Patent and Trademarks to issue said Letters
      Patent of the United States to Assignee, as Assignee of said inventions and
      the
      Letters Patent to be issued thereon, for the sole use and benefit of Assignee,
      its successors, legal representatives and assigns.

     

    AND
      Assignor hereby grants the following individuals the power to insert on this
      Assignment any further identification which may be necessary or desirable in
      order to comply with the rules of the United States Patent and Trademark Office
      for recordation of this document:

     

    PATTON
      BOGGS LLP 

     

    All
      practitioners at Customer Number 32042

     

    AND
      Assignor acknowledges an obligation of assignment of this invention to Assignee
      at the time the invention was made.


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


                                                        /s/
      David C.
      Dorr                

                                                        David
      C.
      Dorr

    


    


    Date:
      3/31/06        

    


    


    United
      States of
      America                            
)

    State
      of                                
Florida             
)ss.

    County
      of                           
Dade                
)

    


    


    On
      this
      31 day of March, 2006, before me personally came David C. Dorr, to me known
      to
      be the individual described in and who executed the foregoing instrument, and
      acknowledged execution of the same.

    


    


    [notary              Marcos
      Puig

    seal]                  
      My Commission DD328843                             /s/
      Marcos
      Puig            

                              
      Expires June 14, 2008                                 Notary
      Public