Document:

Unassociated Document

 

LOCKUP AGREEMENT

April ___, 2013

Ladies and Gentlemen:

           The undersigned has entered into an Intellectual Property Purchase Agreement (the “Agreement”) by and among Solid Solar Energy, Inc. (the “Company”), Carbon 612 Corporation and Ragonap, Inc., pursuant to which the undersigned shall sell certain assets to the Company for consideration consisting of the Company’s common stock pursuant to the terms and subject to the conditions set forth in the Agreement (the “Transaction”).  Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

1.           In recognition of the benefit that the Transaction will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agrees, for the benefit of the Company, that, during the period (the “Lockup Period”) beginning on the closing of the Transaction (the “Closing Date”) and ending on the earlier of i) eighteen (18) months after such date or ii) the closing of one or more investments in the Company in which the Company receives aggregate gross proceeds equal to or greater than $500,000, the undersigned will not, directly or indirectly, (i) offer, sell, offer to sell, contract to sell, hedge, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or sell (or announce any offer, sale, offer of sale, contract of sale, hedge, pledge, sale of any option or contract to purchase, purchase of any option or contract of sale, grant of any option, right or warrant to purchase or other sale or disposition), or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future), any securities of the Company, other than the Escrow Shares, (each, a “Company Security”), beneficially owned, within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by the undersigned on the date hereof or hereafter acquired or (ii) enter into any swap or other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of any Company Security, whether any such swap or transaction described in clause (i) or (ii) above is to be settled by delivery of any Company Security (each of the foregoing, a “Prohibited Sale”).

2.           Leak Out Provision.  Notwithstanding anything herein to the contrary, during each month of the Lockup Period 1/18th of the Vested Shares (the “Leakout Shares”) shall be released from the lock-up provisions set forth in Section 1 above, subject to lawful resale restrictions conferred by federal and state securities rules and regulations.  For the avoidance of doubt, the number of shares that the undersigned may sell in each month of the Lockup Period is limited to the Leakout Shares and may not be carried over to another month, regardless of the number of shares the undersigned has sold in any prior month or intends to sell in the future. 

 

  

  

  

 

3.           Notwithstanding the foregoing, the undersigned (and any transferee of the undersigned) may transfer any shares of a Company Security (i) by will or as a bona fide gift or gifts, provided that prior to such transfer the donee or donees thereof agree in writing to be bound by the restrictions set forth herein, (ii) to non-profit organizations qualified as charitable organizations under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, (iii) if such transfer occurs by operation of law, such as rules of descent and distribution or statutes governing the effects of a merger, (iv) to any member of the undersigned, or (v) to any trust, partnership, corporation or other entity formed for the direct or indirect benefit of the undersigned or the immediate family of any transferee of the undersigned, provided that prior to such transfer a duly authorized officer, representative or trustee of such transferee agrees in writing to be bound by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, provided that prior to such transfer the transferee executes an agreement stating that the transferee is receiving and holding any Company Security subject to the provisions of this Letter Agreement. In addition, the foregoing shall not prohibit privately negotiated transactions, provided the transferees agree, in writing, to be bound to the terms of this Letter Agreement for the balance of the Lockup Period.

4.           This Letter Agreement shall be governed by and construed in accordance with the laws of the State of New York.

5.           This Letter Agreement will become a binding agreement among the undersigned as of the date hereof.  This Letter Agreement may be terminated by the mutual agreement of the Company and the undersigned, and if not sooner terminated will terminate upon the expiration date of the Lockup Period. This Letter Agreement may be duly executed by facsimile and in any number of counterparts, each of which shall be deemed an original, and all of which together shall be deemed to constitute one and the same instrument. Signature pages from separate identical counterparts may be combined with the same effect as if the parties signing such signature page had signed the same counterpart. This Letter Agreement may be modified or waived only by a separate writing signed by each of the parties hereto expressly so modifying or waiving such agreement.

[Remainder of Page Intentionally Left Blank.]

 

  

  

  

 

[__________________________]

________________________________

Name:

Title:

Address:

Number of shares subject to lockup:

 

 

ACCEPTED AND AGREED TO:

SOLID SOLAR ENERGY, INC.

By:                                                               

     Mohit Bhansali

     Chief Executive Officer

 

[Signature Page to Lockup Agreement]Unassociated Document

 

PATENT ASSIGNMENT

WHEREAS, RAGONAP ENTERPRISES, INC., a New York corporation (hereinafter referred to as "Assignor"), is the owner of inventions pertaining to those as described in attached Schedule A (hereinafter referred to as the Patents and Patent Applications"); and

WHEREAS, SOLID SOLAR ENERGY, INC., a Nevada corporation (hereinafter referred to as "Assignee"), wishes to acquire the entire right, title and interest in and to the invention, as well as to the Patents and Patent Applications and all other corresponding foreign patent rights;

NOW THEREFORE, for valuable and legally sufficient considerations, receipt of which are hereby acknowledged, the Assignor sells, assigns and transfers to Assignee, its successors and assigns, the entire right, title and interest for the United States in and to the invention and the Patents and Patent Applications for the full term of any Letters Patent which issues therefrom.

The Assignor also sells, assigns and transfers to Assignee the entire right, title and interest in and to the Patents and Patent Applications and application for Letters Patent and Letters Patent therefore in all countries foreign to the United States, including all rights under the International Convention. The Assignor further authorizes Assignee to apply for Letters Patent in foreign countries in the name of the inventors who have previously assigned this right and this invention to Assignor, and to claim the priority of the filing date of the Patents and Patent Applications under the provisions of the International Convention;

The Assignor further agrees, for itself and its legal representatives, it will assist or direct the inventors to assist Assignee in the prosecution before the United States Patent Office and the Federal Courts of this application, and other applications for Letters Patent including renewals, continuations, continuation-in-parts, divisions, reissues and substitutions, that the Assignee elects to make covering the invention. The Assignor vests in Assignee like exclusive title in and to all such other applications and Letters Patent. The Assignor will execute or direct the inventors to execute and deliver to Assignee any documents which may be requested by Assignee to carry out the terms of this Assignment; and

The Commissioner of Patents and Trademarks of the United States is authorized and requested to issue Letters Patent of the United States to Assignee. The Assignor also authorizes and requests the equivalent authorities in foreign countries to issue the patents of foreign countries to Assignee.

IN WITNESS WHEREOF, Assignor has caused this Assignment to be executed by its duly authorized officer effective as of the 25th day of April, 2013.

 

	  	  	  
	  	
RAGONAP ENTERPRISES, INC.

	  	  	  
	  	
BY

	
 /s/ Anthony Napolitano

	  	
Name: 

	
Anthony Napolitano

	  	
Title:

	
PresidentUnassociated Document

 

TRADEMARK ASSIGNMENT

WHEREAS, CLEAR SKIES GROUP, INC., a New York corporation, is the owner of the following trademark that is registered in the United States Patent and Trademark Office:

	
Trademark

	 	
Registration No.

	 	
Registration Date

	
XTRAX

	 	
3246712

	 	
May 29,2007

WHEREAS, SOLID SOLAR ENERGY, INC., a Nevada corporation, (hereinafter referred to as "Assignee"), desires to acquire said registration;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor hereby assigns to Assignee all right, title and interest in the United States in and to said trademark together with the goodwill of the business symbolized by said trademark. This Assignment includes rights of protection and enforcement to the same throughout the world, including any trademark rights that may result therefrom; said marks and applications and Registrations to be held and enjoyed by said Assignee for its own use and behalf and for the use and behalf of its successors and assigns, to the full end of the term of the registrations or other rights of protection may be granted as fully and as entirely as the same would have been held and enjoyed by me had the assignment not been made.

ASSIGNOR COVENANTS that it has a full and unencumbered title to the mark hereby assigned, and that it has the right to grant such rights to said marks and that it will, at any time upon request without further compensation, execute and deliver any and all papers or instruments that, in the opinion of the Assignee, may be necessary or desirable to secure said Assignee the full enjoyment of the rights and properties herein conveyed or intended to be conveyed by this instrument.

	  	  	  
	  	
CLEAR SKIES SOLAR, INC.

	  	  	  
	  	
BY

	
 /s/ Ezra Green

	  	
Name: 

	
Ezra Green

	  	
Title:

	
Chief Executive Officer

Dated effective as of: April 25, 2013

 

  

  

  

 

IN THE UNITED STATES PATENT AND TRADEMARK OFFICE

Registrant:

CARBON 612 CORPORATION

Registration No.:

3246712

Mark:

XTRAX

Registration Date:

May 29, 2007

Law Office:

103

Customer No.

26,623

Attorney Docket No.:

0006380UST1

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