Exhibit 10.14 to Biodrain Medical, Inc. Form S-1



Exhibit 10.14 



PATENT
ASSIGNMENT


This
Patent Assignment, effective as of June 18, 2008, is executed by Marshal C.
Ryan (hereinafter “Ryan” or “Assignor”), in favor of BioDrain
Medical, Inc., a Minnesota corporation, having an address at 699
Minnetonka Highlands Lane, Orono, MN, 55356-9728 (hereinafter “BioDrain” or
“Assignee”).


WHEREAS,
Ryan is the named inventor of United States Patent Application No. 10/524,086
having a filing date of February 9, 2005 and entitled “Method and Apparatus For
Disposing of Liquid Surgical Waste For Protection of Healthcare Workers”, and
is a named inventor of related European Patent No. EP1539580 issued April 4,
2007 entitled “Method and Apparatus For Disposing of Liquid Surgical Waste For
Protection of Healthcare Workers” (collectively the “Patents”).


WHEREAS,
pursuant to the terms and conditions of a separate written consulting agreement
executed by Ryan and BioDrain concurrently herewith, Ryan is obligated to
execute this Assignment;


NOW,
THEREFORE, in furtherance of the above recitals and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Assignor does hereby sell, assign, transfer and set over unto Assignee, the
entire right, title and interest in and to the Patents and the inventions disclosed
and/or claimed therein, along with all continuations, continuations-in-part,
divisionals, reexaminations and reissues thereof in the United States and the
equivalents thereof in any and all foreign countries, together with all rights
to income, royalties, damages and payments now or hereafter due or payable with
respect thereto, and to all causes of action (either in law or in equity)
associated therewith, including all rights to sue, counterclaim, and recover
for infringement thereof and to obtain all other possible remedies for
Assignee’s own use and enjoyment as fully and completely as the same would have
been held by Assignor had this Assignment and sale not been made. The said
entire right, title and interest shall vest irrevocably in Assignee, and this
Assignment shall inure to the benefit of Assignee, its successors, assigns and
legal representatives, and shall be binding upon Assignor, and Assignor’s
successors, assigns, and legal representatives.


Assignor
covenants and agrees, upon request by Assignee, without additional
compensation, but at no expense to Assignor, to execute all papers, assignments
or other documents as requested by Assignee, and Assignor will provide
testimony by affidavit or otherwise on behalf of Assignee, in any proceeding
before the United States Patent and Trademark Office, foreign or international
patent offices, state or federal courts, or other decision-making body, and
that, in general, Assignor will cooperate fully with Assignee, as deemed
necessary or desirably by Assignee, in Assignee’s sole discretion, to vest the
enjoyment of, and to secure, perfect maintain and/or enforce said entire,
right, title and interest in and to the Patents to Assignee.


Assignor, Marshall C. Ryan


	
 

	
 

	
 

	
 

	
 

	
 


	
Signature:

	
  /s/ Marshall C. Ryan

	
 

	
Date:

	
 

	
 


	
 

	 

	
 

	
 

	 

	
 


	
 

	
 

	
 

	
 

	
 

	
 


	
State of ______________________ )

	
 

	
 


	
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County of ____________________ )

	
 

	
 





On this _______ day of ______________, 2008 before me
personally appeared Marshall
C. Ryan, who executed the foregoing instrument and who duly
acknowledged to me that he executed the same for the purpose therein set forth.


	
 

	
 

	
 


	
NOTARY PUBLIC 

	
 

	
 


	
 

	 

	
 








	
 

	
 

	
 


	
My Commission expires: