PATENT PURCHASE AGREEMENT


 


This
PATENT PURCHASE AGREEMENT (this “Agreement”) is entered into, as of the Effective Date (defined below), by
and between CUI Global, Inc., a Colorado corporation, with an office at 20050 SW
112th Avenue, Tualatin, OR 97062 (“Seller”)
and Olantra Fund X L.L.C., a Delaware limited liability company, with an address at 2711 Centerville
Rd, Suite 400, Wilmington, DE 19808 (“Purchaser”).
The parties hereby agree as follows: 


 


		1.	Background



 


1.1           Seller
owns certain provisional patent applications, patent applications, patents, and/or related foreign patents and applications.


 


1.2           Seller
wishes to sell to Purchaser all right, title, and interest in such patents and applications and the causes of action to sue for
infringement thereof and other enforcement rights.


 


1.3           Purchaser
wishes to purchase from Seller all right, title, and interest in the Assigned Patent Rights (defined below), free and clear of
any restrictions, liens, claims, and encumbrances.


 


		2.	Definitions



 


“Abandoned Assets”means those
specific provisional patent applications, patent applications, patents and other governmental grants or issuances listed on Exhibit
C (as such list may be updated based on Purchaser's review pursuant to paragraph 3.1).


 


“Assigned
Patent Rights”means the Patents and the additional rights set forth in paragraph 4.2.


 


“Assignment Agreements”means
the agreements assigning ownership of the Assigned Patent Rights and the Abandoned Assets from the inventors and/or prior owners
to Seller.


 


“ Common Interest
Agreement”means an agreement, in the form set forth on Exhibit E, setting forth the terms under which
Seller and Purchaser will protect certain information relating to the Patents under the common interest privilege.


 


“ Docket”means
Seller's or its agents' list or other means of tracking information relating to the prosecution or maintenance of the Patents throughout
the world, including, without limitation, the names, addresses, email addresses, and phone numbers of prosecution counsel and agents,
and information relating to deadlines, payments, and filings, which list or other means of tracking information is current as of
the Effective Date.


 


“ Effective Date”
means the date set forth as the Effective Date on the signature page of this Agreement.


 


“ Executed Assignments”
means both the executed and witnessed Assignment of Patent Rights in Exhibit B, the executed Assignment of
Rights in Certain Assets in Exhibit C, each as signed by a duly authorized representative of Seller, and the additional
documents Seller may be required to execute and deliver under paragraph 5.3.


 




    	 



    	 



    

 


“Live Assets”means
the provisional patent applications, patent applications, and patents listed on Exhibits A and/or B (as such lists may be updated based on Purchaser's review pursuant to paragraph 3.1).


 


“Patents”means, excluding the Abandoned
Assets, all (a) Live Assets; (b) patents or patent applications (i) to which any of the Live Assets directly or indirectly claims
priority, (ii) for which any of the Live Assets directly or indirectly forms a basis for priority, and/or (iii) that were commonly-owned
applications that incorporate by reference, or are incorporated by reference into, the Live Assets; (c) reissues, reexaminations,
extensions, continuations, continuations in part, continuing prosecution applications, requests for continuing examinations, divisions,
and registrations of any item in any of the foregoing categories (a) and (b); (d) foreign patents, patent applications and counterparts
relating to any item in any of the foregoing categories (a) through (c), including, without limitation, certificates of invention,
utility models, industrial design protection, design patent protection, and other governmental grants or issuances; and (e) any
items in any of the foregoing categories (b) through (d) whether or not expressly listed as Live Assets and whether or not claims
in any of the foregoing have been rejected, withdrawn, cancelled, or the like.


 


“Primary Warranties”means,
collectively, the representations and warranties of Seller set forth in paragraphs 6.1, 6.2, 6.3, 6.4, and 6.5 hereof.


 


“ Prosecution History
Files”means all files, documents and tangible things, as those terms have been interpreted pursuant to rules and
laws governing the production of documents and things, constituting, comprising or relating to the investigation, evaluation, preparation,
prosecution, maintenance, defense, filing, issuance, registration, assertion or enforcement of the Patents.


 


		“	Transmitted Copy”has the meaning set forth in paragraph
8.12. 



 


3.            Transmittal,
review, closing conditions and payment 


 


3.1           
Transmittal. Within twenty (20) calendar days following the later of the Effective Date or the date Purchaser receives
a Transmitted Copy of this Agreement executed by Seller, Seller will send to Purchaser, or its legal counsel, the items identified
on Exhibit D (the “Initial Deliverables”); provided, however, the Common Interest Agreement will
not be required to be executed on behalf of the Seller if there are no pending patent applications included in the Patents. Seller
acknowledges and agrees that Purchaser may request, and Seller will promptly deliver to Purchaser or its legal counsel, as directed
by Purchaser, additional documents based on Purchaser's review of the Initial Deliverables (such additional documents and the
Initial Deliverables are, collectively, the “Deliverables”), and that as a result of Purchaser's review,
the lists of Live Assets on Exhibits A and B and the list of Abandoned Assets on Exhibit C,
may be revised by Purchaser, with mutual agreement of Seller (evidenced by one or more Executed
Assignments), both before and after the Closing to conform these lists to the definition of Patents (and these revisions may therefore
require the inclusion of additional provisional patent applications, patent applications, and patents on Exhibit A and
B or Exhibit C). To the extent any of the Live Assets are removed for any reason, the payment in paragraph
3.4 may be reduced by mutual agreement of the parties. If originals of the Deliverables are not available and delivered to Purchaser
prior to Closing, Seller will cause (i) such originals of the Deliverables to be sent to Purchaser or Purchaser's representative
promptly if and after such originals are located and (ii) Seller will deliver to Purchaser a declaration, executed under penalty
of perjury, detailing Seller's efforts to locate such unavailable original documents and details regarding how delivered copies
were obtained. 


 




    	 



    	 



    

 


3.2          
Closing. The closing of the sale of the Assigned Patent Rights and the assignment of the Abandoned Assets hereunder will
occur when all conditions set forth in paragraph 3.3 have been satisfied or waived and the payment set forth in paragraph 3.4
is made (the “Closing”). Purchaser and Seller will use reasonable efforts to carry out
the Closing within thirty (30) calendar days following the later of the Effective Date or the date on which the last of the Deliverables
was received by Purchaser.


 


3.3          
Closing Conditions. The following are conditions precedent to Purchaser's obligation to make the payment in paragraph 3.4.


 


(a)          
Signature by Seller. Seller timely executed this Agreement and delivered a Transmitted Copy of this Agreement to Purchaser's
representatives by not later than September 16, 2011 at 5:00 p.m., Pacific Daylight Time and promptly delivered one (1) executed
original of this Agreement to Purchaser's representatives.


 


(b)          
Transmittal of Documents. Seller delivered to Purchaser all the Deliverables.


 


(c)          
Compliance With Agreement. Seller
performed and complied in all respects with all of the obligations under this Agreement that are to be performed or complied with
by it on or prior to the Closing.


 


(d)          
Representations and Warranties True. Purchaser is satisfied that, as of the Effective Date and as of the Closing, the representations
and warranties of Seller contained in Section 6 are true and correct.


 


(e)          
Patents Not Abandoned. Purchaser is satisfied that, as of the Effective Date and as of the Closing, none of the assets
that are included in the Patents have expired, lapsed, been abandoned, or deemed withdrawn.


 


(f)          
Delivery of Executed Assignments. Seller caused the Executed Assignments to be delivered to Purchaser's representatives.


 


3.4         
Payment. At Closing, Purchaser will pay to Seller the amount of Five Hundred Thousand U.S. Dollars (US $500,000) by wire
transfer. Prior to Closing, Seller will furnish Purchaser with all necessary information to make a wire transfer to a designated
bank account of Seller. Purchaser may record the Executed Assignments with the applicable patent offices only on or after Closing.


 


3.5         
Termination and Survival. In the event all conditions to Closing set forth in paragraph 3.3 are not met within ninety (90)
days following the Effective Date, Purchaser will have the right to terminate this Agreement by written notice to Seller. Upon
termination, Purchaser will return all documents delivered to Purchaser under this Section 3 to Seller. The provisions of Section
8 will survive any termination.


 


4.            TRANSFER
OF PATENTS AND ADDITIONAL RIGHTS 


 


4.1          
Assignment of Patents. Upon the Closing, Seller hereby sells, assigns, transfers, and conveys to Purchaser all right, title,
and interest in and to the Assigned Patent Rights. Seller understands and acknowledges that, if any of the Patents are assigned
to Seller's affiliates or subsidiaries, Seller may be required prior to the Closing to perform certain actions to establish that
Seller is the assignee and to record such assignments. On or before Closing, Seller will execute and deliver to Purchaser the
Assignment of Patent Rights in the form set forth in Exhibit B (as may be updated based on Purchaser's review pursuant
to paragraph 3.1).


 




    	 



    	 



    

 


4.2          Assignment
of Additional Rights. Upon the Closing, Seller hereby also sells, assigns, transfers, and conveys to Purchaser all right,
title and interest in and to all


 


(a)          
inventions, invention disclosures, and discoveries described in any of the Patents or Abandoned Assets that (i) are included in
any claim in the Patents or Abandoned Assets, (ii) are subject matter capable of being reduced to a patent claim in a reissue
or reexamination proceeding brought on any of the Patents or Abandoned Assets, and/or (iii) could have been included as a claim
in any of the Patents or Abandoned Assets;


 


(b)          
rights to apply in any or all countries of the world for patents, certificates of invention, utility models, industrial design
protections, design patent protections, or other governmental grants or issuances of any type related to any of the Patents and
the inventions, invention disclosures, and discoveries therein;


 


(c)          
causes of action (whether
known or unknown or whether currently pending, filed, or otherwise) and other enforcement rights under, or on account of , any
of the Patents and/or the rights described in subparagraph 4.2(b), including, without limitation, all causes of action and other
enforcement rights for (i) damages, (ii) injunctive relief, and (iii) any other remedies of any kind for past, current and future
infringement; and


 


(d)          
rights to collect royalties or other payments under or on account of any of the Patents and/or any of the foregoing.


 


4.3           
Assignment of Rights in Certain Assets. Upon the Closing, Seller hereby sells, assigns, transfers, and conveys to Purchaser
all of Seller's right, title, and interest in and to the Abandoned Assets. On or before Closing, Seller will execute and deliver
to Purchaser the Assignment of Certain Rights in the form set forth in Exhibit C (as may be updated based on Purchaser's
review pursuant to paragraph 3.1).


 


5.            Additional
obligations 


 


5.1         Further
Cooperation.


 


(a)          
At the reasonable request of Purchaser, Seller will execute and deliver such other instruments and do and perform such other acts
and things as may be necessary or desirable for effecting completely the consummation of the transactions contemplated hereby,
including, without limitation, execution, acknowledgment, and recordation of other such papers, and using commercially reasonable
efforts to obtain the same from the respective inventors, as necessary or desirable for fully perfecting and conveying unto Purchaser
the benefit of the transactions contemplated hereby.


 


(b)          
To the extent any attorney-client privilege or the attorney work-product doctrine applies to any portion of the Prosecution History
Files and that is retained after Closing under Seller's or Seller's representatives' normal document retention policy, Seller will
ensure that, if any such portion of the Prosecution History File remains under Seller's possession or control after Closing, it
is not disclosed to any third party unless (a) disclosure is ordered by a court of competent jurisdiction, after all appropriate
appeals to prevent disclosure have been exhausted, and (b) Seller gave Purchaser prompt notice upon learning that any third party
sought or intended to seek a court order requiring the disclosure of any such portion of the Prosecution History File. In addition,
Seller will continue to prosecute, maintain, and defend the Patents at its sole expense until the Closing.


 




    	 



    	 



    

 


(c)            Seller will also, at the reasonable
request of Purchaser after Closing, assist Purchaser in providing, and obtaining, from the respective inventors, prompt production
of pertinent facts and documents, otherwise giving of testimony, execution of petitions, oaths, powers of attorney, specifications,
declarations or other papers and other assistance reasonably necessary for filing patent applications, enforcement or other actions
and proceedings with respect to the claims under the Patents. Purchaser shall compensate Seller for any reasonable, documented
disbursements and time incurred after Closing in connection with providing assistance under this subparagraph 5.l(c) in connection
with any enforcement or other infringement action regarding the Patents, under a standard billable hour rate of Seller; provided
that Seller shall have furnished Purchaser an advance, written estimate of the fees and costs for such assistance and Purchaser
shall have agreed in writing to pay such fees and costs.


 


5.2           
Payment of Fees. Seller will pay any maintenance fees, annuities, and the like due or payable on the Patents until the
Closing. For the avoidance of doubt, Seller shall pay any maintenance fees for which the fee is payable (e.g., the fee payment
window opens) on or prior to the Closing even if the surcharge date or final deadline for payment of such fee would be after the
Closing. Seller hereby gives Purchaser power-of-attorney to (a) execute documents in the name of Seller in order to effectuate
the recordation of the transfers of any portion of the Patents in an governmental filing office in the world and (b) instruct
legal counsel to take steps to pay maintenance fees and annuities that Seller declines to pay and to make filings on behalf of
Seller prior to Closing and otherwise preserve the assets through Closing.


 


5.3           
Foreign Assignments. To the extent the Patents include non-United States patents and patent applications, Seller will deliver
to Purchaser's representatives executed documents in a form as may be required in the non-U.S jurisdiction in order to perfect
the assignment to Purchaser of the non-U.S. patents and patent applications.


 


6.             Representations
and warranties of seller 


 


Seller hereby represents and
warrants to Purchaser as follows that, as of the Effective Date and as of the Closing:


 


6.1           
Authority. Seller is a company duly formed, validly existing, and in good standing under the laws of the jurisdiction of
its formation. Seller has the full power and authority and has obtained all third party consents, approvals, and/or other authorizations
required to enter into this Agreement and to carry out its obligations hereunder, including, without limitation, the assignment
of the Assigned Patent Rights to Purchaser.


 


6.2           
Title and Contest. Seller owns all right, title, and interest to the Assigned Patent Rights, including, without limitation,
all right, title, and interest to sue for infringement of the Patents. Seller has obtained and properly recorded previously executed
assignments for the Patents as necessary to fully perfect its rights and title therein in accordance with governing law and regulations
in each respective jurisdiction. The Assigned Patent Rights are free and clear of all liens, claims, mortgages, security interests
or other encumbrances, and restrictions. There are no actions, suits, investigations, claims, or proceedings threatened, pending,
or in progress relating in any way to the Assigned Patent Rights.


 




    	 



    	 



    

 


There are no existing contracts, agreements, options, commitments,
proposals, bids, offers, or rights with, to, or in any person to acquire any of the Assigned Patent Rights.


 


6.3           
Existing Licenses and Obligations. There is no obligation imposed by a standards-setting organization to license any of
the Patents on particular terms or conditions. Except for the nonexclusive licenses which have expired listed in Exhibit
F, no licenses under the Patents have been granted or retained by Seller, any prior owner, or any inventor, and, after
Closing, none of Seller, any prior owner, or any inventor will retain any or rights interest in the Assigned Patent Rights. None
of the licenses or rights in the Patents listed on Exhibit F were an exclusive grant or right and, except as expressly
noted on Exhibit F, each such license were nontransferable and nonsublicensable.


 


6.4          Restrictions
on Rights. Purchaser will not be subject to any covenant not to sue or similar restrictions on its enforcement or enjoyment
of the Assigned Patent Rights or the Abandoned Assets as a result of any prior transaction related to the Assigned Patent Rights
or the Abandoned Assets.


 


6.5           Validity
and Enforceability. None of the Patents or the Abandoned Assets (other than Abandoned Assets for which abandonment resulted
solely from unpaid fees and/or annuities) has ever been found invalid, unpatentable, or unenforceable for any reason in any administrative,
arbitration, judicial or other proceeding, and Seller does not know of and has not received any notice or information of any
kind from any source suggesting that the Patents may be invalid, unpatentable, or unenforceable. If any of the Patents are terminally
disclaimed to another patent or patent application, all patents and patent applications subject to such terminal disclaimer are
included in this transaction. To the extent “small entity” fees were paid to the United States Patent and Trademark
Office for any Patent, such reduced fees were then appropriate because the payor qualified to pay “small entity” fees
at the time of such payment and specifically had not licensed rights in any of the Patents to an entity that was not a “small
entity.”


 


6.6           
Conduct. None of Seller, prior owner or their respective agents or representatives have engaged in any conduct, or omitted
to perform any necessary act, the result of which would invalidate any of the Patents or hinder their enforcement, including,
without limitation, misrepresenting the Patents to a standard-setting organization.


 


6. 7        
Enforcement. Seller has not put a third party on notice of actual or potential infringement of any of the Patents or the
Abandoned Assets. Seller has not invited any third party to enter into a license under any of the Patents or the Abandoned Assets.
Seller has not initiated any enforcement action with respect to any of the Patents or the Abandoned Assets.


 


6.8          
Patent Office Proceedings. None of the Patents or the Abandoned Assets has been or is currently involved in any reexamination,
reissue, interference proceeding, or any similar proceeding, and no such proceedings are pending or threatened.


 


6.9          
Fees. All maintenance fees, annuities, and the like due or payable on the Patents have been timely paid. For the avoidance
of doubt, such timely payment includes payment of any maintenance fees for which the fee is payable (e.g., the fee payment window
opens) even if the surcharge date or final deadline for payment of such fee would be in the future.


 


6.10        Abandoned
Assets. According to each applicable patent office, each of the Abandoned Assets has expired, lapsed, or been abandoned or
deemed withdrawn.


 




    	 



    	 



    

 


7.              Representations
and warranties of purchaser 


 


Purchaser hereby represents and warrants
to Seller as follows that, as of the Effective Date and as of the Closing:


 


7.1         
 Purchaser is a limited liability company duly formed, validly existing, and in good standing under the laws of the jurisdiction
of its formation.


 


7.2          Purchaser has all requisite
power and authority to (i) enter into, execute, and deliver this Agreement and (ii) perform fully its obligations hereunder.


 


8.             Miscellaneous



 


8.1           
Limitation of Liability. EXCEPT IN THE EVENT OF BREACH OF ANY OF THE PRIMARY WARRANTIES BY SELLER OR SELLER'S INTENTIONAL
MISREPRESENTATION, SELLER'S TOTAL LIABILITY UNDER THIS AGREEMENT WILL NOT EXCEED THE PURCHASE PRICE SET FORTH IN PARAGRAPH 3.4
OF THIS AGREEMENT. PURCHASER'S TOTAL LIABILITY UNDER THIS AGREEMENT WILL NOT EXCEED THE PURCHASE PRICE SET FORTH IN PARAGRAPH
3.4 OF THIS AGREEMENT. THE PARTIES ACKNOWLEDGE THAT THE LIMITATIONS ON POTENTIAL LIABILITIES SET FORTH IN THIS PARAGRAPH 8.1 WERE
AN ESSENTIAL ELEMENT IN SETTING CONSIDERATION UNDER THIS AGREEMENT.


 


8.2           
Limitation on Consequential Damages. EXCEPT IN THE EVENT OF SELLER'S INTENTIONAL MISREPRESENTATION, NEITHER PARTY WILL
HAVE ANY OBLIGATION OR LIABILITY (WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE)) OR OTHERWISE, AND NOTWITHSTANDING
ANY FAULT, NEGLIGENCE (WHETHER ACTIVE, PASSIVE OR IMPUTED), REPRESENTATION, STRICT LIABILITY OR PRODUCT LIABILITY, FOR COVER
OR FOR ANY INCIDENTAL, INDIRECT OR CONSEQUENTIAL, MULTIPLIED, PUNITIVE, SPECIAL, OR EXEMPLARY DAMAGES OR LOSS OF REVENUE, PROFIT,
SAVINGS OR BUSINESS ARISING FROM OR OTHERWISE RELATED TO THIS AGREEMENT, EVEN IF A PARTY OR ITS REPRESENTATIVES HAVE BEEN ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES. THE PARTIES ACKNOWLEDGE THAT THESE EXCLUSIONS OF POTENTIAL DAMAGES WERE AN ESSENTIAL ELEMENT
IN SETTING CONSIDERATION UNDER THIS AGREEMENT.


 


8.3           
Compliance With Laws. Notwithstanding anything contained in this Agreement to the contrary, the obligations of the parties
with respect to the consummation of the transactions contemplated by this Agreement shall be subject to all laws, present and
future, of any government having jurisdiction over the parties and this transaction, and to orders, regulations, directions or
requests of any such government.


 


8.4           
Confidentiality of Terms. The parties hereto will keep the terms and existence of this Agreement and the identities of
the parties hereto and their affiliates confidential and will not now or hereafter divulge any of this information to any third
party except (a) with the prior written consent of the other party; (b) as otherwise may be required by law or legal process;
(c) during the course of litigation, so long as the disclosure of such terms and conditions is restricted in the same manner as
is the confidential information of other litigating parties; (d) in confidence to its legal counsel, accountants, banks, and financing
sources and their advisors solely in connection with complying with or administering its obligations with respect to this Agreement;
(e) by Purchaser, to potential purchasers or licensees of the Assigned Patent Rights or the Abandoned Assets; (f) in order to
perfect Purchaser's interest in the Assigned Patent Rights or the Abandoned Assets with any governmental patent office (including,
without limitation, recording the Executed Assignments in any governmental patent office); or (g) to enforce Purchaser's right,
title, and interest in and to the Assigned Patent Rights or the Abandoned Assets; provided that, in (b) and (c) above, (i) to
the extent permitted by law, the disclosing party will use all legitimate and legal means available to minimize the disclosure
to third parties, including, without limitation, seeking a confidential treatment request or protective order whenever appropriate
or available; and (ii) the disclosing party will provide the other party with at least ten (10) days' prior written notice of
such disclosure. Without limiting the foregoing, Seller will cause its agents involved in this transaction to abide by the terms
of this paragraph, including, without limitation, ensuring that such agents do not disclose or otherwise publicize the existence
of this transaction with actual or potential clients in marketing materials, or industry conferences.


 




    	 



    	 



    

 


8.5           
Governing Law; Venue/Jurisdiction. This Agreement will be interpreted, construed, and enforced in all respects in accordance
with the laws of the State of Delaware, without reference to its choice of law principles to the contrary. Seller will not commence
or prosecute any action, suit, proceeding or claim arising under or by reason of this Agreement other than in the state or federal
courts located in Delaware. Seller irrevocably consents to the jurisdiction and venue of the courts identified in the preceding
sentence in connection with any action, suit, proceeding, or claim arising under or by reason of this Agreement.


 


8.6           
Notices. All notices given hereunder will be given in writing (in English or with an English translation), will refer to
Purchaser and to this Agreement and will be delivered to the address set forth below by (i) personal delivery, (ii) delivery postage
prepaid by an internationally-recognized express courier service:


 


	If to Purchaser	If to Seller
	Olantra Fund X L.L.C.	CUI Global, Inc. 
	2711 Centerville Rd, Suite 400	20050 SW 112th
    Avenue 
	Wilmington, DE 19808	Tualatin, OR 97062 
	 	 
	Attn: Managing Director	Attn : William Clough, Esq. 


 


Notices are deemed given on (a)
the date of receipt if delivered personally or by express courier or (b) if delivery is refused, the date of refusal. Notice given
in any other manner will be deemed to have been given only if and when received at the address of the person to be notified. Either
party may from time to time change its address for notices under this Agreement by giving the other party written notice of such
change in accordance with this paragraph.


 


8.7       
Relationship of Parties. The parties hereto are independent contractors. Nothing in this Agreement will be construed to
create a partnership, joint venture, franchise, fiduciary, employment or agency relationship between the parties. Neither party
has any express or implied authority to assume or create any obligations on behalf of the other or to bind the other to any contract,
agreement or undertaking with any third party.


 


8.8           
Equitable Relief. Seller acknowledges and agrees that damages alone would be insufficient to compensate Purchaser for a
breach by Seller of this Agreement and that irreparable harm would result from a breach of this Agreement. Seller hereby consents
to the entering of an order for injunctive relief to prevent a breach or further breach, and the entering of an order for specific
performance to compel performance of any obligations under this Agreement.


 




    	 



    	 



    

 


8.9           
Severability. If any provision of this Agreement is found to be invalid or unenforceable, then the remainder of this Agreement
will have full force and effect, and the invalid provision will be modified, or partially enforced, to the maximum extent permitted
to effectuate the original objective.


 


8.10        Waiver.
Failure by either party to enforce any term of this Agreement will not be deemed a waiver of future enforcement of that or any
other term in this Agreement or any other agreement that may be in place between the parties.


 


8.11
       Miscellaneous. This Agreement, including its exhibits, constitutes the entire agreement between the parties with respect to the subject matter hereof and merges and supersedes all prior and contemporaneous
agreements, understandings, negotiations, and discussions. Neither of the parties will be bound by any conditions, definitions,
warranties, understandings, or representations with respect to the subject matter hereof other than as expressly provided herein.
The section headings contained in this Agreement are for reference purposes only and will not affect in any way the meaning or
interpretation of this Agreement. This Agreement is not intended to confer any right or benefit on any third party (including,
but not limited to, any employee or beneficiary of any party), and no action may be commenced or prosecuted against a party by
any third party claiming as a third-party beneficiary of this Agreement or any of the transactions contemplated by this Agreement.
No oral explanation or oral information by either party hereto will alter the meaning or interpretation of this Agreement. No
amendments or modifications will be effective unless in a writing signed by authorized representatives of both parties. The
terms and conditions of this Agreement will prevail notwithstanding any different, conflicting or additional terms and conditions
that may appear on any letter, email or other communication or other writing not expressly incorporated into this Agreement. The
following exhibits are attached hereto and incorporated herein: Exhibit A (entitled “Patents to be Assigned”);
Exhibit B (entitled “Assignment of Patent Rights”); Exhibit c
(entitled “Assignment of Rights in Certain Assets”);
Exhibit D (entitled “List of Initial Deliverables”); Exhibit E (entitled “Common Interest
Agreement”); Exhibit F (entitled “Prior Licenses”); and Exhibit G (entitled “Press
Release”). 


 


8.12         
Counterparts; Electronic Signature; Delivery Mechanics. This Agreement may be executed in counterparts, each of which will
be deemed an original, and all of which together constitute one and the same instrument. Each party will execute and promptly
deliver to the other parties a copy of this Agreement bearing the original signature. Prior to such delivery, in order to expedite
the process of entering into this Agreement, the parties acknowledge that a Transmitted Copy of this Agreement will be deemed
an original document. “Transmitted Copy” means a copy bearing a signature of a party that is reproduced
or transmitted via email of a .pdf file, photocopy, facsimile, or other process of complete and accurate reproduction and transmission.


 


8.13         
Publicity and SEC Reporting. Seller may make one public announcement contemporaneously with signing and with the Closing,
which announcements will be substantially of the form set forth in Exhibit G. Seller shall submit any such proposed
announcement to Purchaser at least five (5) business days prior to its making such an announcement for Purchaser's review and
approval, which approval shall not be unreasonably withheld by Purchaser so long as such proposed announcement substantially conforms
to Exhibit G. After the Effective Date, Seller shall have the right to file the statement set forth on Exhibit
G with Seller's 8K filing with the Securities Exchange Commission (“SEC”). Seller
and Purchaser agree that Seller shall not file this Agreement with the SEC unless the SEC informs Seller in writing that Seller
is required by law to file this Agreement with the SEC. If Seller receives such notice from the SEC, then Seller will include
only those portions of this Agreement that are required to be filed with the SEC pursuant to applicable laws and regulations.


 




    	 



    	 



    

 


In witness whereof, intending
to be legally bound, the parties have executed this Patent Purchase Agreement as of the Effective Date.


 


	SELLER:	 	PURCHASER:
	 	 	 	 
	CUI GLOBAL, INC.	 	OLANTRA FUND X L.L.C.
	 	 	 	 
	By:	/s/ William Clough	 	By:	/s/ Melissa
    Coleman
	 	 	 	 
	Name:	William Clough	 	Name: Melissa Coleman
	 	 	 	 
	Title:	President & CEO	 	Title: Authorized Person


 


Effective Date: September 2, 2011


 




    	 



    	 



    

 


Exhibit A


PATENTS TO BE ASSIGNED 


 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	7,105,858	 	us	 	07/23/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,144,748	 	us	 	11/28/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,579,218	 	us	 	10/30/2006	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	AU268121	 	AU.	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	CA2497583.	 	CA.	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	CN03822904.8	 	CN	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	EP03749072.9	 	EP	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	JP2004-531071	 	JP	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	MXPA05002l24	 	MX	 	02/23/2005	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density.
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,599,626	 	us	 	12/20/2005	 	Communication systems incorporating control meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,219,715	 	us	 	12/20/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,694,722	 	us	 	12/01/2006	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,407,306	 	us	 	02/10/2006	 	Aerodynamic lighted display panel
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Jeffrey L. Demarb
	7,315,049	 	us	 	10/04/2006	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh T Desai
	11/861,810	 	us	 	09/26/2007	 	Sealed self-contained fluidic cooling device
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	AU2005322254	 	AU	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	CA2574862	 	CA	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	CN200580030148.9	 	CN	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	JP2007-548386	 	JP	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	KR10-2007-7005594	 	KR	 	03/09/2007	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	MX2007002798	 	MX	 	03/07/2007	 	Cooling systems incorporating heat transfer meshes.
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	12/214,139	 	us	 	06/17/2008	 	Method and apparatus for cooling of solar power cells
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	PCT/US2009/003267	 	WO	 	05/29/2009	 	Method and apparatus for cooling of solar power cells
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	12/291,983	 	us	 	11/17/2008	 	Carbon-based waterlock with attached heat-exchanger for cooling of electronic devices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson
	7,905,276	 	us	 	02/07/2007	 	Method and apparatus for leak-proof mounting of a liquid cooling device on an integrated circuit
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William J. Clough
	TW096104906	 	TW	 	02/09/2007	 	Method and apparatus for leak-proof mounting of a liquid cooling device on an integrated circuit
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William J. Clough
	11/941,550	 	us	 	11/16/2007	 	Cooling device for an electronic component
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	HKl109654	 	HK	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John Popovich
	MX272939	 	MX	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John Popovich
	HK05110293.8	 	HK	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	MX254307	 	MX	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,956,278	 	us	 	06/25/2007	 	Solar heat transfer apparatus
	 	 	 	 	 	 	John M. Popovich
	12/012,654	 	us	 	02/05/2008	 	Carbon-based waterblock with attached heat exchanger for cooling of electronic devices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson
	11/810,675	 	us	 	06/07/2007	 	Wireless addressing and control of leds in large scale led displays (wireless)
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Unable to verify


 




    	 



    	 



    

 


Exhibit B


 


ASSIGNMENT OF
PATENT RIGHTS


 


For good and valuable consideration, the
receipt of which is hereby acknowledged, CUI Global, Inc., a Colorado corporation, with an office at 20050 SW 112th
Avenue, Tualatin, OR 97062 (“Assignor”), does hereby sell, assign, transfer, and convey unto Olantra
Fund X L.L.C., a Delaware limited liability company, having an address at 2711 Centerville Rd, Suite 400, Wilmington, DE 19808
(“Assignee”), or its designees, all right, title, and interest that exist today and may exist in the future
in and to any and all of the following (collectively, the “Patent Rights”): 


 


(a)         the
provisional patent applications, patent applications and patents listed in the table below (the “Patents”);



 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	7,105,858	 	us	 	07/23/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,144,748	 	us	 	11/28/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,579,218	 	us	 	10/30/2006	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	AU268121	 	AU	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	CA2497583	 	CA	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	CN03822904.8	 	CN	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	EP03749072.9	 	EP	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	JP2004-531071	 	JP	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	MXPA05002124	 	MX	 	02/23/2005	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density.
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,599,626	 	us	 	12/20/2005	 	Communication systems incorporating control meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,219,715	 	us	 	12/20/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,694,722	 	us	 	12/01/2006	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,407,306	 	us	 	02/10/2006	 	Aerodynamic lighted display panel
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Jeffrey L. Demarb
	7,315,049	 	us	 	10/04/2006	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh T Desai


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	11/861,810	 	us	 	09/26/2007	 	Sealed self-contained fluidic cooling device
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	AU2005322254	 	AU	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	CA2574862	 	CA	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	CN200580030148.9	 	CN	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	JP2007-548386	 	JP	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	KR 10-2007-7005594	 	KR	 	03/09/2007	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	MX2007002798	 	MX	 	03/07/2007	 	Cooling systems incorporating heat transfer meshes.
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	12/214,139	 	us	 	06/17/2008	 	Method and apparatus for cooling of solar power cells
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	PCT/US2009/003267	 	WO	 	05/29/2009	 	Method and apparatus for cooling of solar power cells
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	12/291,983	 	us	 	11/17/2008	 	Carbon-based waterlock with attached heat-exchanger for cooling of electronic devices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	7,905,276	 	us	 	02/07/2007	 	Method and apparatus for leak-proof mounting of a liquid cooling device on an integrated circuit
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William J. Clough
	TW096104906	 	TW	 	02/09/2007	 	Method and apparatus for leak-proof mounting of a liquid cooling device on an integrated circuit
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William J. Clough
	l l/941,550	 	us	 	11/16/2007	 	Cooling device for an electronic component
	 	 	 	 	 	 	Franz Michael Schuette
	HK1109654	 	HK	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John Popovich
	MX272939	 	MX	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John Popovich
	HK05110293.8	 	HK	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	MX254307	 	MX	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	7,956,278	 	us	 	06/25/2007	 	Solar heat transfer apparatus
	 	 	 	 	 	 	John M. Popovich
	12/012,654	 	us	 	02/05/2008	 	Carbon-based waterblock with attached heat exchanger for cooling of electronic dev ices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent
    and First
	Patent
    or Application No.	 	Country	 	Filing
    Date	 	Named
    Inventor
	11/810,675	 	us	 	06/07/2007	 	Wireless addressing and control
    of leds in large scale led displays (wireless)
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Unable to verify


 


(b)        all patents and patent
applications (i) to which any of the Patents directly or indirectly claims priority, (ii) for which any of the Patents directly
or indirectly forms a basis for priority, and/or (iii) that were co-owned applications that incorporate by reference, or are incorporated
by reference into, the Patents;


 


(c)        all reissues, reexaminations,
extensions, continuations, continuations in part, continuing prosecution applications, requests for continuing examinations, divisions,
registrations of any item in any of the foregoing categories (a) and (b);


 


(d)         all foreign patents,
patent applications, and counterparts relating to any item in any of the foregoing categories (a) through (c), including, without
limitation, certificates of invention, utility models, industrial design protection, design patent protection, and other governmental
grants or issuances;


 


(e)         all items in any of
the foregoing in categories (b) through (d), whether or not expressly listed as Patents below and whether or not claims in any
of the foregoing have been rejected, withdrawn, cancelled, or the like;


 


(f)         inventions, invention
disclosures, and discoveries described in any of the Patents and/or any item in the foregoing categories (b) through (e) that (i)
are included in any claim in the Patents and/or any item in the foregoing categories (b) through (e), (ii) are subject matter capable
of being reduced to a patent claim in a reissue or reexamination proceeding brought on any of the Patents and/or any item in the
foregoing categories (b) through (e), and/or (iii) could have been included as a claim in any of the Patents and/or any item in
the foregoing categories (b) through (e);


 


(g)         all rights to apply
in any or all countries of the world for patents, certificates of invention, utility models, industrial design protections, design
patent protections, or other governmental grants or issuances of any type related to any item in any of the foregoing categories
(a) through (f), including, without limitation, under the Paris Convention for the Protection of Industrial Property, the International
Patent Cooperation Treaty, or any other convention, treaty, agreement, or understanding;


 


(h)         all causes of action (whether known or unknown or whether currently pending, filed, or otherwise) and other enforcement rights
under, or on account of, any of the


 




    	 



    	 



    

 


Patents and/or any item in any of the foregoing categories
(b) through (g), including, without limitation, all causes of action and other enforcement rights for 


(1)         
damages,


(2)         
injunctive relief, and


(3)         
any other remedies of any kind


 


for past, current, and future infringement; and


 


(i)          
all rights to collect royalties and other payments under or on account of any of the Patents and/or any item in any of the foregoing
categories (b) through (h).


 


Assignor represents, warrants and covenants that:


 


(1)        Assignor has the full
power and authority, and has obtained all third party consents, approvals and/or other authorizations required to enter into this
Agreement and to carry out its obligations hereunder, including the assignment of the Patent Rights to Assignee; and


 


(2)         Assignor owns, and by this document
assigns to Assignee, all right, title, and interest to the Patent Rights, including, without limitation, all right, title, and
interest to sue for infringement of the Patent Rights. Assignor has obtained and properly recorded previously executed assignments
for the Patent Rights as necessary to fully perfect its rights and title therein in accordance with governing law and regulations
in each respective jurisdiction. The Patent Rights are free and clear of all liens, claims, mortgages, security interests or other
encumbrances, and restrictions. There are no actions, suits, investigations, claims or proceedings threatened, pending or in progress
relating in any way to the Patent Rights. There are no existing contracts, agreements, options, commitments, proposals, bids, offers,
or rights with, to, or in any person to acquire any of the Patent Rights.


 


Assignor hereby authorizes the
respective patent office or governmental agency in each jurisdiction to issue any and all patents, certificates of invention, utility
models or other governmental grants or issuances that may be granted upon any of the Patent Rights in the name of Assignee, as
the assignee to the entire interest therein.


 


Assignor will, at the reasonable
request of Assignee and without demanding any further consideration therefore, do all things necessary, proper, or advisable, including
without limitation, the execution, acknowledgment, and recordation of specific assignments, oaths, declarations, and other documents
on a country-by-country basis, to assist Assignee in obtaining, perfecting, sustaining, and/or enforcing the Patent Rights.


 


The terms
and conditions of this Assignment of Patent Rights will inure to the benefit of Assignee, its successors, assigns, and other legal
representatives and will be binding upon Assignor, its successors, assigns, and other legal representatives.


 




    	 



    	 



    

 


IN
WITNESS WHEREOF this Assignment of Patent Rights is executed at  Tualatin, OR on September 2, 2011.


 


	ASSIGNOR:
	 
	CUI Global, Inc.


 


	By:	/s/ William Clough	 
	Name:	William Clough	 
	Title:	President & CEO	 


(Signature MUST be attested)


 


ATTESTATION OF SIGNATURE PURSUANT TO 28 U.S.C.
§ 1746 


 


The undersigned witnessed the signature
of                           
to the above Assignment of Patent Rights on behalf of CUI Global, Inc. and makes the following statements:


 


1.
        I am over the age of 18 and competent to testify as
to the facts in this Attestation block if called upon to do so.


 


2.
                          
is personally known to me (or proved to me on the basis of satisfactory evidence) and appeared before me on                             , 20_ to
execute the above Assignment of Patent Rights on behalf of CUI Global, Inc. 


 


3.                                             
subscribed to the above Assignment of Patent Rights on behalf of CUI Global, Inc. 


 


I declare
under penalty of perjury under the laws of the United States of America that the statements made in the three (3) numbered paragraphs
immediately above are true and correct.


 


	EXECUTED on                                        	 (date)


 


	 	 
	Print Name:                                                      	 


 




    	 



    	 



    

 


Exhibit C 


 


ASSIGNMENT OF
RIGHTS IN CERTAIN ASSETS


 


For good and valuable consideration, the
receipt of which is hereby acknowledged, CUI Global, Inc., a Colorado corporation, with an office at 20050 SW 112th
Avenue, Tualatin, OR 97062 ("Assignor"), does hereby sell, assign, transfer, and convey unto Olantra Fund
X L.L.C., a Delaware limited liability company, having an address at 2711 Centerville Rd, Suite 400, Wilmington, DE 19808 ("Assignee"),
or its designees, the right, title, and interest in and to any and all of the following provisional patent applications, patent
applications, patents, and other governmental grants or issuances of any kind (the "Certain Assets"): 


 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	60/405,826	 	us	 	01/01/1900	 	Electronic assembly/system with reduced cost, mass, & volume & increased efficient power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	KR10-2005-7003342	 	KR	 	02/25/2005	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	PCT/US2003/0259l3	 	WO	 	08/20/2003	 	Electronic assembly/system with reduced cost, mass, and volume and increased efficiency and power density
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	60/641,423	 	us	 	01/01/1900	 	High power density heat transport system
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	60/651,204	 	us	 	01/01/1900	 	Aerodynamic lighted display panel
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Vladimir Volochine
	PCT/US2006/004615	 	WO	 	02/10/2006	 	Aerodynamic lighted display panel
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Jeffrey L. Demarb
	7,138,659	 	us	 	05/18/2004	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh Thakor Desai
	11/538,769	 	us	 	10/04/2006	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh Thakor Desai


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	11/538,779	 	us	 	10/04/2006	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh Thakor Desai
	11/538,790	 	us	 	10/04/2006	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh Thakor Desai
	PCT/US2005/009302	 	WO	 	03/17/2005	 	Led assembly with vented circuit board
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Nilesh Thakor Desai
	60/826,939	 	us	 	01/01/1900	 	Fully-sealed, self-contained liquid cooling apparatus containing screens for heat transfer and optional pump for fluid movement
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	60/638,809	 	us	 	01/01/1900	 	Means of heat transport & electrical interconnection
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	EP05854760.5	 	EP	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	PCT/US2005/046099	 	WO	 	12/21/2005	 	Cooling systems incorporating heat transfer meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	PCT/US2005/046841	 	WO	 	12/21/2005	 	Communication systems incorporating control meshes
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	60/641,399	 	us	 	01/01/1900	 	Opto electronic system including novel electrical, optical, thermal, mechanical, and
    structural sub-systems
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John M. Popovich
	61/005,012	 	us	 	12/03/2007	 	Carbon-based waterblock with attached heat-exchanger for cooling of electronic devices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent and First
	Patent or Application No.	 	Country	 	Filing Date	 	Named Inventor
	PCT/US2008/013265	 	WO	 	12/02/2008	 	Carbon-based waterblock with attached heat-exchanger for cooling of electronic devices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson
	60/771,429	 	us	 	02/09/2006	 	Method and apparatus for leak-proof mounting of a liquid cooling dev ice on an integrated circuit
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William J. Clough
	PCT/US2007/003336	 	WO	 	02/07/2007	 	Method and apparatus for leak-proof mounting of a liquid cooling device on an integrated circuit
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William J. Clough
	11/871,498	 	us	 	10/12/2007	 	Circuit board assemblies with combined fluid-containing heatspreader-ground plane and methods therefor
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	60/829,325	 	us	 	10/13/2006	 	Embedded foil-screen-foil containing fluid as combined cooling device and ground plane in printed circuit boards
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	60/866,140	 	us	 	11/16/2006	 	Fractal liquid cooling channels in a heat spreader with optional pump and meshes for heat transfer
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Franz Michael Schuette
	60/918,449	 	us	 	03/15/2007	 	Concentric tube heat spreader
	 	 	 	 	 	 	 
	 	 	 	 	 	 	John Michael Popovich
	60/900,111	 	us	 	02/08/2007	 	Carbon-based waterblock with attached heat-exchanger for cooling of electronic devices
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stanley Robinson
	PCT/US2008/001540	 	WO	 	02/06/2008	 	Carbon-based waterblock with attached heat-exchanger for cooling of electronic devices


 




    	 



    	 



    

 


	 	 	 	 	 	 	Title of Patent
    and First
	Patent
    or Application No.	 	Country	 	Filing
    Date	 	Named
    Inventor
	 	 	 	 	 	 	Stanley Robinson
	60/818,190	 	us	 	06/30/2006	 	Wireless addressing and control
    of leds in large scale led displays (wireless)
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Unable to verify


 


Assignor assigns to Assignee all rights
to the inventions, invention disclosures, and discoveries in the assets listed above, together, with the rights, if any, to revive
prosecution of claims under such assets and to sue or otherwise enforce any claims under such assets for past, present or future
infringement.


 


Assignor hereby authorizes the
respective patent office or governmental agency in each jurisdiction to make available to Assignee all records regarding the Certain
Assets.


 


The terms and conditions of
this Assignment of Rights in Certain Assets will inure to the benefit of Assignee, its successors, assigns, and other legal representatives
and will be binding upon Assignor, its successors, assigns, and other legal representatives.


 


DATED this 2
day of September 2011.


  


	ASSIGNOR:
	 
	CUI Global. Inc.


 


	By:	/s/ William Clough	 
	Name:	William Clough	 
	Title:	PRESIDET & CEO	 


 




    	 



    	 



    

 


Exhibit D


 


LIST OF INITIAL DELIVERABLES


 


Seller will cause the following to be delivered to Purchaser,
or Purchaser's representative, within the time provided in paragraph 3.1 of the attached Patent Purchase Agreement:


 


(a)        
U.S. Patents. For each item of the Patents that is an issued United States patent, and for each Abandoned Asset
that forms the basis for priority for such issued U.S. patent (whether a patent or similar protection has been issued or granted),


 


(i) the original


 


(A) ribbon copy issued by the United States Patent
and Trademark Office,


(B) Assignment Agreement(s),


(C) conception and reduction to practice materials,
and


 


(ii) a copy of


(A) the Docket,


(B) each relevant license and security agreement;


 


(b)        
Non-U.S. for each Live Asset for which a non-United States patent or similar protection has been issued or granted,


 


		(i)	the original ribbon copy or certificate issued by the applicable government, if available



		(ii)	copy of each pending foreign application



		(iii)	the Docket,



		(iv)	the original Assignment Agreement(s),



		(v)	a copy of applicant name change, if necessary, and



		(vi)	a copy of each relevant license and security agreement;



 


(c)        
Patent Applications. For each item of the Patents that is a patent application,


 


		(i)	a copy of the patent application, as filed,



		(ii)	if unpublished, a copy of the filing receipt and the non-publication request, if available,



		(iii)	the original Assignment Agreement(s),



		(iv)	the Docket,



		(v)	all available conception and reduction to practice materials,



		(vi)	evidence of foreign filing license (or denial thereof),



		(vii)	a copy of each relevant license and security agreement, and



		(viii)	the Prosecution History Files;


 


(d)        
Common Interest Agreement. Seller will deliver any Initial Deliverables to be delivered by Seller under paragraph (c)
above to Purchaser's legal counsel, together with two (2) executed originals of the Common Interest Agreement,


 


(e)        
Thorough Search/Declaration. If originals of the
Initial Deliverables are not available and delivered to Purchaser prior to Closing, Seller will cause (i) such originals of
the Initial Deliverables to be sent to Purchaser or Purchaser's representative promptly if and after such originals are
located and (ii) an appropriate executive officer of Seller to deliver to Purchaser a declaration, executed by such officer
under penalty of perjury, detailing Seller's efforts to locate such unavailable original documents and details regarding how
delivered copies were obtained.


 


Capitalized terms used in this Exhibit D are defined
in the Patent Purchase Agreement to which this Exhibit D is attached.


 




    	 



    	 



    

 


Exhibit E


 


COMMON INTEREST AGREEMENT


 


THIS
COMMON INTEREST AGREEMENT ("Agreement") is entered into between the undersigned legal counsel ("Counsel"),
for themselves and on behalf of the parties they represent (as indicated below).


 


		1	Background.



1.1         Olantra
Fund X L.L.C., a Delaware limited liability company ("Purchaser") and CUI Global, Inc., a Colorado company ("Seller")
(Purchaser and Seller are sometimes hereafter referred to herein as a "party" or the "parties"),
have entered into an agreement under which Purchaser will acquire all substantial rights of Seller in
certain patent applications filed or to be filed throughout the world (the "Patent Matters”).


 


1.2         The parties have a common interest in the Patent Matters and have agreed to treat their communications and those of their Counsel
relating to the Patent Matters as protected by the common interest privilege. Furtherance of the Patent Matters requires the exchange
of proprietary documents and in formation, the joint development of legal strategies and the exchange of attorney work product
developed by the parties and their respective Counsel.


 


2.          Common
Interest.


2.1        The parties have a common, joint and mutual legal interest in cooperating with each other, to the extent permitted by law, to share
information protected by the attorney-client privilege and by the work product doctrine with respect to the Patent Matters. Any
counsel or consultant retained by a party or their Counsel to assist in the Patent Matters shall be bound by and entitled to the
benefits of, this Agreement.


 


2.2        In
order to further their common interest, the parties and their Counsel shall exchange privileged and work product information,
orally and in writing, including, without limitation, factual analyses, mental impressions, legal memoranda, source materials,
draft legal documents, prosecution history files and other information (hereinafter "Common Interest Materials").
The sole purpose for the exchange of the Common Interest Materials is to support the parties' common interest with respect to
the prosecution and enforcement of the Patent Matters. Any Common Interest Materials exchanged shall continue to be protected
under all applicable privileges and no such exchange shall constitute a waiver of any applicable privilege or protection.


 


3.          Nondisclosure.


3.1        The parties and their Counsel shall use the Common Interest Materials solely in connection with the Patent Matters and shall take
appropriate steps to protect the privileged and confidential nature of the Common Interest Materials. Neither party nor their respective
Counsel shall produce privileged documents or information unless or until directed to do so by a final order of a court of competent
jurisdiction, or upon the prior written consent of the other party. No privilege or objection shall be waived by a party hereunder
without the prior written consent of the other party. The obligations under this paragraph will not apply either to Purchaser after
closing of the acquisition of the Patent Matters or to Seller with respect to any dispute with Purchaser related to such potential
acquisition.


 


3.2         Except
as herein provided. in the event that either party or their Counsel is requested or required in the context of a litigation, governmental,
judicial or regulatory investigation or other similar proceedings (by oral questions, interrogatories, requests for information
or documents, subpoenas, civil investigative demands or similar process) to disclose any Common Interest Materials, the party or
their Counsel shall immediately inform the other party and their Counsel and shall assert all applicable privileges, including,
without limitation, the common interest doctrine, the joint prosecution privilege.


 


4.          Relationship;
Additions; Termination.


4.1        This Agreement does not create any agency or similar relationship among the parties. Through the Closing (as
defined in the Patent Purchase Agreement executed by Purchaser
and Seller), neither party nor their respective Counsel has the authority to waive any applicable privilege or doctrine on behalf
of any other party.


 


4.2        Nothing in this Agreement affects the separate and independent representation of each party by its respective Counsel or creates
an attorney client relationship between the Counsel for a party and the other party to this Agreement.


 


4.3        This Agreement shall continue until terminated upon the written request of either party. Upon termination, each party and their
respective Counsel shall return any Common Interest Materials furnished by the other party. Notwithstanding termination, this Agreement
shall continue to protect all Common Interest Materials disclosed prior to termination. Sections 3 and 5 shall survive termination
of this Agreement.


 


5.       General
Terms.


5.1       This
Agreement is governed by the laws of the State of Delaware, without regard to its choice of law principles to the contrary. In
the event any provision of this Agreement is held by any court of competent jurisdiction to be illegal, void or unenforceable,
the remaining terms shall remain in effect. Failure of either party to enforce any provision of this Agreement shall not be deemed
a waiver of future enforcement of that or any other provision.


 


5.2        The parties agree that a breach of this Agreement would result in irreparable injury, that money damages would not be a sufficient
remedy and that the disclosing party shall be entitled to equitable relief, including injunctive relief, as a non-exclusive remedy
for any such breach.


 


5.3        Notices given under this Agreement shall be given in writing and delivered by messenger or overnight delivery service to a party
and their respective Counsel at their last known address. and shall be deemed to have been given on the day received.


 


5.4        This Agreement is effective and binding upon each party as of the date it is signed by or on behalf of a party and may be amended
only by a writing signed by or on behalf of each party. This Agreement may be executed in counterparts. Any signature reproduced
or transmitted via email of a .pdf file, photocopy, facsimile or other process of complete and accurate reproduction and transmission
shall be considered an original for purposes of this Agreement.


 


This Agreement is being executed by each of the undersigned
Counsel with the fully informed authority and consent of the respective party it


 


	Counsel for Olantra Fund X L.L.C.	Counsel for CUI Global, Inc.
	 	 
	By:                                           	By:                                          
	Date:                     	Date: 2 September 2011


 




    	 



    	 



    

 


Exhibit F


 


PRIOR LICENSES


 


		1)	Thermaltake



 


		2)	OCZ Technology 



 




    	 



    	 



    

 


Exhibit G


 


PRESS RELEASE 


 


After execution by both parties: 


 


[City,
State], [Date]/PRNewswire-FirstCall/ — CUI Global, Inc. announced today that it has signed an agreement to sell selected
patents and patent applications to Olantra Fund X L.L.C. for net proceeds of approximately $500,000, subject to customary closing
conditions. The patents and patent applications sold relate to CUI Global, Inc.'s                                       .


 


At Closing: 


 


[City,
State], [Date]/PRNewswire-FirstCall/ — CUI Global, Inc. announced today that it has completed the sale of selected patents
and patent applications to Olantra Fund X L.L.C. for net proceeds of approximately $500,000. The patents and patent applications
sold relate to CUI Global, Inc.'s                                          .