Document:

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. CampbellExhibit 10.17

Exhibit 10.17

ASSIGNMENT OF PATENTS AGREEMENT

THIS ASSIGNMENT OF PATENTS AGREEMENT (this “Agreement”) by and between Michael Hodges
(“Hodges”), Larry Campbell (“Campbell” and together with Hodges, the “Assignors”), and Genesis
Fluid Solutions Ltd., a Colorado corporation (together with its successors and assigns, the
“Assignee”) is effective as of September 30, 2009.

WHEREAS, pursuant to an Assignment dated August 16, 2009 between the Assignors and the
Assignee (the “Original Assignment”), the Assignors assigned all of their rights, title and
interest in certain patents specified therein;

WHEREAS, the Assignors desire to also assign their rights, title and interest in all other
patents not specified in the Original Assignment, whether in the United States or internationally,
that they may have in their respective names, that they may have applied for, or that they will
apply for, directly or indirectly relating to the business currently conducted and/or to be
conducted by the Assignee (the “Patents”).

NOW, THEREFORE, in consideration of the premises and agreements set forth herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

1. Assignment. (a) The Assignors hereby assign, transfer and convey to the Assignee
all of the Assignors’ rights, title and interest, together with all rights of priority, in and to
the Patents, including but not limited to the right to sue and collect damages for past, present or
future infringement thereof.

(b) The Assignors further do hereby sell, assign and transfer to the Assignee the entire
right, title and interest, together with all rights of priority in and to the Patents as described
and/or claimed in any and all applications for patents based on the Patents, including divisional,
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 thereon.

2. Authorizations. (a) The Assignors hereby authorize the Assignee to make
applications for, to prosecute such applications, and to receive Patents in the Assignee’s name.

(b) The Assignors hereby authorize and request the Commissioner of Patents and Trademarks,
and any foreign equivalents, to issue to the Assignee any and all Letters Patent of the United
States, or similar instruments in foreign jurisdictions, relating to the Patents.

3. Further Assurances. Each party hereto covenants and agrees to execute and deliver,
from time to time at the request of the other parties hereto, such further instruments of transfer
and assignment and to take such other action as the other parties may reasonably request to more
effectively consummate the assignment contemplated by this Agreement.

 

 

 

4. Amendment and Modification; Waiver. Subject to applicable law, this Agreement may
be amended, modified and supplemented only by written instrument authorized and executed by all of
the parties hereto. No waiver by any party of any of the provisions hereof shall be effective
unless explicitly set forth in writing and executed by the party so waiving. The waiver by any
party hereto of a breach of any provisions of this Agreement shall not operate or be construed as a
waiver of any other or subsequent breach.

5. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF COLORADO WITHOUT GIVING EFFECT TO THE PRINCIPLES OF THE CONFLICTS OF LAWS
THEREOF.

6. Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which together shall constitute only one instrument.

7. Acknowledgement. Each of the Assignors acknowledges that he: (a) has carefully
read this Agreement in its entirety; (b) has been advised to consult and has been provided with an
opportunity to consult with legal counsel of his choosing in connection with this Agreement; (c)
fully understands the significance of all of the terms and conditions of this Agreement and has
discussed them with his independent legal counsel or has been provided with a reasonable
opportunity to do so; (d) has had answered to his satisfaction any questions asked with regard to
the meaning and significance of any of the provisions of this Agreement; and (e) is signing this
Agreement voluntarily and of his own free will and agrees to abide by all the terms and conditions
contained herein.

[SIGNATURE PAGE FOLLOWS]

 

 

 

[SIGNATURE PAGE TO ASSIGNMENT OF PATENTS AGREEMENT]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their
names as of the date first above written.

	 	 	 	 	 
	 	ASSIGNORS:

 	 
	 	/s/ Michael Hodges
 	 
	 	Michael Hodges 	 
	 	 	 
	 	            /s/ Larry Campbell
 	 
	 	Larry Campbell 	 
	 	 	 
	 	ASSIGNEE:
 	 
	 
	 	Genesis Fluid Solutions Ltd.
 	 
	 	 	 
	 	By:  	            /s/ Carol Shobrook
 	 
	 	 	Name:  	Carol Shobrook 	 
	 	 	Title:  	Chief Operating OfficerExhibit 10.18

Exhibit 10.18

VOTING AGREEMENT

 

VOTING AGREEMENT, dated as of September
 _____, 2009 (this “Agreement”), by and between Michael
Hodges (the “Principal Shareholder”) and                                          (the
“Shareholder”).

 

WHEREAS, as of the date hereof, the Shareholder owns                      shares (the “GFS
Shares”) of the common stock, no par value (the “Company Common Stock”), of Genesis
Fluid Solutions, Ltd., a Colorado corporation (the “Company”);
 

WHEREAS, in accordance with Section 7-107-302 of the Colorado Business Corporation Act (the
“CBCA”), the Shareholder desires to irrevocably appoint the Principal Shareholder as its
proxy to vote all of the GFS Shares which the Shareholder would be entitled to vote at an annual or
special meeting of the shareholders of the Company or by the written consent of the stockholders of
the Company as permitted by the CBCA;

NOW, THEREFORE, in consideration of the foregoing and the representations, warranties,
covenants and agreements contained herein, the parties hereto, intending to be legally bound
hereby, agree as follows:

1. Agreement to Vote Shares. Commencing on the date hereof and continuing until the
Shareholder no longer holds any of the GFS Shares or securities received in exchange for such GFS
Shares (the “Shares”), the Shareholder agrees to permit the Principal Shareholder to vote
the Shares in his sole discretion in accordance with the Form of Proxy annexed hereto as
Exhibit A.

2. Representations of Shareholder. The Shareholder represents and warrants to the
Principal Shareholder as follows:

a. The Shareholder is the record and beneficial owner (for purposes of this Agreement, such
term shall have the meaning set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and the rules and regulations promulgated thereunder, but
without regard to any conditions (including the passage of time) to the acquisition of such shares)
of, and has good and valid and marketable title to, the Shares.

b. As of the date hereof, the Shareholder is not the record or beneficial owner of any shares
of Company common stock or other voting securities or instruments of the Company, other than the
Shares.

c. The Shareholder has all requisite power and authority necessary to execute and deliver this
Agreement and to consummate the transactions contemplated hereby.

d. This Agreement has been duly executed and delivered by the Shareholder and this Agreement
constitutes a valid and binding agreement of the Shareholder, enforceable against the Shareholder
in accordance with its terms.

 

 

 

e. Other than as required or permitted by this Agreement, the Shares are now and shall at all
times during the term of this Agreement be owned of record and beneficially owned by the
Shareholder, free and clear of all pledges, liens, proxies, claims, charges, security interests,
preemptive rights, voting trusts, voting agreements, options, rights of first offer or refusal and
any other encumbrances or arrangements whatsoever with respect to the ownership, transfer or voting
of the Shares, and there are no outstanding options, warrants or rights to purchase or acquire, or
agreements or arrangements relating to the voting of, any of the Shares other than this Agreement.

f. The execution and delivery of this Agreement by the Shareholder and the performance by the
Shareholder of its obligations hereunder will not (including with notice or lapse of time or both)
require any consent, approval, order, authorization or permit of, or registration or filing with or
notification to, any governmental entity or other party, except for the filing with the SEC of any
Schedules 13D or 13G or amendments to Schedules 13D or 13G and filings under Section 16 of the
Exchange Act, as may be required in connection with this Agreement and the transactions
contemplated hereby.

g. The Shareholder hereby waives, and agrees not to assert or perfect, any dissenters’ rights
and any similar rights that it may have by virtue of ownership of the Shares.

3. Representations of Principal Shareholder. The Principal Shareholder represents and
warrants to the Shareholder as follows:

a. The Principal Shareholder has all requisite power and authority necessary to execute and
deliver this Agreement and to consummate the transactions contemplated hereby.

b. This Agreement has been duly executed and delivered by the Principal Shareholder and this
Agreement constitutes a valid and binding agreement of the Principal Shareholder, enforceable
against the Principal Shareholder in accordance with its terms.

4. Successors and Assigns. This Agreement shall be binding upon, inure to the benefit
of, and be enforceable by the parties hereto and their respective successors, assigns and heirs, as
applicable.

5. Term and Termination. This Agreement will terminate automatically, without any
action on the part of any party hereto, on the earlier of (a) ten (10) years following the date of
this Agreement, (b) the date on which the Shareholder no longer owns any of the Shares or (c) at
any time upon notice by the Principal Shareholder to the Shareholder.

6. Entire Agreement. This Agreement (including the documents and the instruments
referred to herein) constitutes the entire agreement and supersedes all prior agreements and
understandings, both written and oral, between the parties with respect to the subject matter
hereof.

 

 

 

7. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the internal laws of the State of Colorado applicable to contracts executed and fully
performed within the State of Colorado, without regard to the conflicts of laws provisions thereof.

8. Notices. All notices and other communications hereunder shall be in writing and
shall be deemed given upon receipt by the parties at the following addresses (or at such other
address for a party as shall be specified by like notice):

	 	a.	 	If to Shareholder, to:

	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Fax:	 	 	 	 
	 

	 	 	 	 

	 	 

	 	b.	 	If to Principal Shareholder:

Michael Hodges

c/o Genesis Fluid Solutions, Ltd.

6660 Delmonico Drive, Suite 242-D

Colorado Springs, CO 80919

Fax: (719) 576-0370

9. Severability. This Agreement shall be deemed severable. The invalidity or
unenforceability of any term or provision of this Agreement shall not affect the validity or
enforceability of the balance of this Agreement or of any other term hereof, which shall remain in
full force and effect. If any of the provisions hereof are determined to be invalid or
unenforceable, the parties shall negotiate in good faith to modify this Agreement so as to affect
the original intent of the parties as closely as possible.

10. Waiver. The parties hereto may, to the extent permitted by applicable law,
(a) waive any inaccuracies in the representations and warranties contained herein or in any
document delivered pursuant hereto or (b) waive compliance with any of the agreements or conditions
contained herein. Any agreement on the part of a party hereto to any such waiver shall be valid
only if set forth in a written instrument signed on behalf of such party. The failure of any party
to this Agreement to assert any of its rights under this Agreement or otherwise shall not
constitute a waiver of those rights.

11. Modification. No supplement, modification or amendment of this Agreement will be
binding unless made in a written instrument that is signed by all of the parties hereto and that
specifically refers to this Agreement.

 

 

 

12. Counterparts. This Agreement may be executed in counterparts, all of which shall
be considered one and the same agreement and shall become effective when such counterparts
have been signed by each of the parties and delivered to the other parties, it being
understood that all parties need not sign the same counterpart.

13. Headings. All section headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
date first written above.

PRINCIPAL SHAREHOLDER:

	 	 	 
	 

Michael Hodges

	 	 
	 
	 	 
	SHAREHOLDER:
	 	 
	 
	 	 
	 

Print Name:

	 	 

 

 

 

EXHIBIT A

FORM OF IRREVOCABLE PROXY

The undersigned is a party to the Voting Agreement, dated as of September
 _____, 2009 (the
“Voting Agreement”), by and between Michael Hodges and the undersigned. All capitalized
terms used herein and not otherwise defined shall have the meanings ascribed to them in the Voting
Agreement.
 

The undersigned hereby revokes any previous proxies previously granted with respect to any
Shares and appoints Michael Hodges, and any individual who shall be designated by Michael Hodges,
with full power of substitution and resubstitution, as attorney-in-fact and proxy of the
undersigned to attend any and all meetings of shareholders (and any adjournments or postponements
thereof) or to vote by written consent in lieu of such meetings, of Genesis Fluid Solutions, Ltd.,
a Colorado corporation (the “Company”) or a company whose securities are issued in exchange for the
GFS Shares, solely to vote all Shares in accordance with the terms of the Voting Agreement.

This proxy has been granted pursuant to Section 1 of the Voting Agreement. This proxy shall be
deemed to be a proxy coupled with an interest and is irrevocable during the term of the Voting
Agreement to the fullest extent permitted under Colorado law.

The undersigned authorizes such attorney and proxy to substitute any other person to act
hereunder, to revoke any substitution and to file this proxy and any substitution or revocation
with the Secretary of the Company.

Dated: September
 _____, 2009

	 	 	 	 	 
	 

	 	 

Print Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]