Document:

Exhibit 10.38

 

GUARANTY

 

This Guaranty (the
“Guaranty” or the “Agreement”) is made as of March 25, 2015 by Coil Tubing
Technology Holdings, Inc., a Nevada corporation (“Holdings”), Total Downhole Solutions, Inc., a Texas
corporation, Coil Tubing Technology, Inc., a Texas corporation, Coil Tubing Technology Canada Inc., an Alberta Canada corporation,
and Excel Inspection, LLC, a Texas limited liability company (collectively, with Holdings, the “Guarantor”)
in favor of Jerry L. Swinford, an individual (“Swinford”). When the context in which words are used in
this Agreement indicates that such is the intent, singular words shall include the plural, and vice versa, and masculine words
shall include the feminine and neuter genders, and vice versa. Captions are inserted for convenience only, are not a part of this
Agreement, and shall not be used in the interpretation of this Agreement. Capitalized terms used and not otherwise defined herein
shall have the meanings set forth in the Purchase Agreement and the Notes (each as defined below), unless the context requires
otherwise.

 

Recitals

 

WHEREAS, Coil
Tubing Technology, Inc., a Nevada corporation (“Coil Tubing”) has previously entered into that certain
Intellectual Property Purchase Agreement with Swinford, dated as of March 25, 2015, pursuant to which Coil Tubing has agreed to
purchase certain intellectual property of Swinford (the “Purchase Agreement”);

 

WHEREAS, Guarantor
is the direct or indirect wholly-owned subsidiary of Coil Tubing and will receive a direct benefit from the Purchase Agreement
and the terms and conditions thereof;

 

WHEREAS, Coil
Tubing has entered into that certain Secured Promissory Note in the amount of $3,750,000 dated March 6, 2015 in favor of Swinford
(the “Note”), evidencing amounts owed under the Purchase Agreement; and

 

WHEREAS, Swinford
was unwilling to execute the Purchase Agreement and to enter into the transactions described in the Purchase Agreement without
receipt from Guarantor of a guaranty of all of the obligations of Coil Tubing under the Notes.

 

NOW, THEREFORE,
in consideration of the foregoing and other good and valuable consideration, receipt of which hereby is acknowledged, Guarantor
hereby agrees as follows:

 

1.Guaranty.
Guarantor hereby jointly and severally, unconditionally and irrevocably guarantees to Swinford and his successors and assigns (a)
the full and punctual payment (in lawful money of the United States and in immediately available funds), as and when due, of all
principal, interest, attorneys’ fees, costs, expenses and other amounts which are or may become payable by Coil Tubing under
the Note (the “Coil Tubing Debt”) and (b) the full and punctual performance of all other obligations
of Coil Tubing under the Note and Purchase Agreement (and exhibits thereto). The obligations of Coil Tubing under the Note, including
the payment obligations regarding the Coil Tubing Debt, are referred to in this Guaranty as the “Coil Tubing Obligations”,
and the covenants and obligations of Guarantor that are described in the preceding sentence and elsewhere in this Guaranty are
referred to in this Guaranty as “Guarantor’s Obligations”.

 

2.Certain Rights
of Swinford. Guarantor authorizes Swinford, without giving notice to Guarantor or obtaining Guarantor’s consent in its
individual capacity and without affecting the liability of Guarantor, but subject to obtaining Coil Tubing’s written agreement
to the extent its written agreement is required, from time to time to: (a) renew, extend or increase the Coil Tubing Debt or any
portion thereof; (b) declare all Coil Tubing Debt due and payable upon the occurrence of a default under the Note; (c) make
changes in the dates on which the Coil Tubing Debt is payable; (d) otherwise modify the terms of the Coil Tubing Debt; (e)
amend the Note in any respect; (f) take and hold additional security for the Coil Tubing Debt and exchange, enforce, waive
and release any such security; (g) apply such security and direct the order or manner of sale thereof as Swinford in his discretion
may determine; and (h) add any one or more guarantors of the Coil Tubing Debt.

 

    	Page 1 of 6

    	 

    

 

3.Guarantor’s Waivers.
Guarantor waives: (a) any defense based upon any legal disability or other defense of Coil Tubing or any other guarantor or person
or based upon Coil Tubing’s cessation for any reason of liability under any of the Note; (b) any defense based upon any lack
of authority of Coil Tubing’s officers or other agents acting or purporting to act on behalf of Coil Tubing or any defect
in the formation of Coil Tubing; (c) any defense of Guarantor based upon Swinford’s election of any remedy against Guarantor
or Coil Tubing or both, including, without limitation, any right to require Swinford to proceed against Coil Tubing or another
person or to proceed against any other security for the Coil Tubing Obligations; (d) any defense based upon any statute or rule
of law which provides that the obligation of a surety must be neither larger in amount nor in any other respects more burdensome
than that of a principal; (e) any right of subrogation, any right to enforce any remedy which Swinford may have against Coil Tubing
and any right to participate in, or benefit from, any security for the Coil Tubing Obligations now or hereafter held by Swinford;
(f) presentment, demand, protest and notice of any kind; (g) the benefit of any statute of limitations affecting the liability
of Guarantor hereunder or the enforcement hereof; (h) any right to require Swinford to pursue any other remedy in Swinford’s
power; and (i) any right to revoke this Guaranty. Guarantor waives any other circumstance or event, in existence now or in the
future, that might otherwise constitute a legal or equitable defense to the enforcement of this Guaranty.

 

4.Guarantor’s
Representations and Warranties. Guarantor represents, warrants and agrees that: (a) Swinford would not have entered into
the Purchase Agreement or the Note but for this Guaranty; (b) there are no conditions precedent to the effectiveness of this
Guaranty; and (c) this Guaranty shall continue in full force and effect and shall be binding on Guarantor regardless of whether
Swinford obtains other collateral or any guaranties from others or takes any other action. Guarantor consents to Coil Tubing’s
execution, delivery and performance of the Note.

 

5.Subordination.
Guarantor subordinates all present and future indebtedness owing by Coil Tubing to Guarantor to the Coil Tubing Debt and other
obligations under the Note at any time owing by Coil Tubing to Swinford. Guarantor assigns to Swinford all such indebtedness owed
by Coil Tubing to Guarantor as security for this Guaranty. Guarantor further agrees not to assign all or any part of such indebtedness
prior to the full payment and performance of the Coil Tubing Obligations.

 

6.Nature of
Guarantor’s Liability Under This Guaranty. This is a guaranty of payment and performance and not merely of collection.
Guarantor’s obligations under this Guaranty are independent of Coil Tubing’s obligations to Swinford under the Note.
Swinford may bring a separate action to enforce the provisions hereof against Guarantor without taking action against Coil Tubing
or any collateral or joining Coil Tubing as a party to such action. The obligations of Guarantor under this Guaranty constitute
the full recourse obligations of Guarantor and are enforceable against him and her to the full extent of their assets.

 

7.Event of Default;
Swinford’s Remedies.

 

(a)Event
of Default. An “Event of Default” for purposes of this Guaranty means (1) Coil Tubing’s or
Guarantor’s failure to pay when due any Coil Tubing Debt, (2) Coil Tubing’s or Guarantor’s failure to perform
any other Coil Tubing Obligations when due or in accordance with the terms of such obligations, (3) Guarantor’s failure to
perform any of Guarantor’s Obligations when due or in accordance with their terms, or (4) the failure to be true of any representation
or warranty of Guarantor that is contained in this Guaranty or any of the documents evidencing the Guarantor’s Obligations,
if Guarantor does not remedy in full any such failure described in this sentence within ten days after receipt of written notice
from Swinford.

 

(b)Remedies on
an Event of Default. Upon the occurrence of an Event of Default, Swinford shall have the immediate right to file an action
at law or equity against Guarantor and/or to take control of all or any part of any collateral, with or without judicial process,
and without demand of performance, advertisement or notice to Guarantor, which are expressly waived by Guarantor; provided, however,
that if any notice is required by law in connection with the exercise by Swinford of his rights and remedies, Guarantor agrees
that ten days' prior written notice is a reasonable time and manner for notice. Furthermore, Swinford may exercise all of the other
rights and remedies that are provided to him under this Guaranty.

 

    	Page 2 of 6

    	 

    

 

(c)No Implied
Waivers; Cumulative Remedies. No delay or failure of Swinford in exercising any right or remedy under this Guaranty shall operate
as a waiver thereof, nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce
such a right or remedy preclude any further exercise thereof or of any other right or remedy. The rights and remedies of Swinford
under this Guaranty are cumulative and not exclusive of any rights or remedies which he might otherwise have under applicable law.
Any waiver, permit, consent or approval of any kind or character on the part of Swinford of any Event of Default or any such waiver
of any provision of this Guaranty must be in writing and shall be effective only to the extent specifically set forth in writing.
Guarantor acknowledges and agrees that the exercise by Swinford of his rights under this Section 7 will not operate to release
Guarantor from its personal obligation to pay the Coil Tubing Debt until full payment of any deficiency on the Coil Tubing Debt
has been made in cash. Furthermore, Guarantor acknowledges and agrees that Swinford is not obligated to exercise any of the rights
or remedies provided by this Section 7.

 

8.Bankruptcy.
This Guaranty shall continue in full force and effect in the event of any bankruptcy, insolvency, reorganization, liquidation,
dissolution or similar proceeding involving Coil Tubing or Guarantor, and this Guaranty shall continue in full force and effect
notwithstanding any subsequent change in the ownership or assets of Coil Tubing. In any bankruptcy of Coil Tubing or other proceeding
involving Coil Tubing in which the filing of claims is required by law, Guarantor shall file all claims which Guarantor may have
against Coil Tubing relating to any indebtedness of Coil Tubing to Guarantor and shall assign to Swinford all rights of Guarantor
thereunder. If Guarantor does not file any such claim, Swinford, as attorney-in-fact for Guarantor, is hereby authorized to do
so in the name of Guarantor or, in Swinford’s discretion, to assign the claim to a nominee and to cause proof of claim to
be filed in the name of Swinford’s nominee. The foregoing power of attorney is coupled with an interest and cannot be revoked.
Swinford or his nominee shall have the right, in his reasonable discretion, to accept or reject any plan proposed in such proceeding
and to take any other action which a party filing a claim is entitled to do. In all such cases, whether in administration, bankruptcy
or otherwise, the person or persons authorized to pay such claim shall pay to Swinford the amount payable on such claim and, to
the full extent necessary for that purpose, Guarantor hereby assigns to Swinford all of Guarantor’s rights to any such payments
or distributions; provided, however, Guarantor’s obligations hereunder shall not be satisfied except to the extent that Swinford
receives cash by reason of any such payment or distribution. If all or any portion of the Coil Tubing Debt and other obligations
guaranteed hereunder is paid or performed, the obligations of Guarantor hereunder shall continue and shall remain in full force
and effect in the event that all or any part of such payment or performance is avoided or recovered directly or indirectly from
Swinford as a preference, fraudulent transfer or otherwise under the Bankruptcy Code or other similar laws.

 

9.Successors
and Assigns; Subsequent Subsidiaries. This Guaranty shall be binding upon, and shall inure to the benefit of, the respective
successors and assigns of Guarantor and Swinford, provided that the foregoing provision shall not be construed as permitting Guarantor
to assign its obligations hereunder. Promptly after the formation or acquisition by Holdings, or if applicable, any other wholly-owned
subsidiary of Coil Tubing Technology, Inc., a Nevada corporation, of any Subsidiary not already a party hereto, such Subsidiary
shall provide a guaranty to Swinford in the form of this Guaranty, or agree to become a party and guarantor hereunder, unless such
requirement is waived by Swinford in writing. For the purposes of this Section 9, “Subsidiary”
means with respect to the applicable entity, (i) any corporation at least a majority of the
outstanding voting stock of which is owned, directly or indirectly, by such applicable entity or by one or more of its subsidiaries,
or by such applicable entity and one or more of its subsidiaries, (ii) any general partnership, joint venture, limited liability
company, statutory trust, or other entity, at least a majority of the outstanding partnership, membership, or other similar equity
interests of which shall at the time be owned by such applicable entity, or by one or more of its subsidiaries, or by such applicable
entity and one or more of its subsidiaries, and (iii) any limited partnership of which such applicable entity or any of its subsidiaries
is a general partner. For the purposes of this definition, “voting stock” means shares, interests, participations,
or other equivalents in the equity interest (however designated) in such applicable entity having ordinary voting power for the
election of a majority of the directors (or the equivalent) of such applicable entity, other than shares, interests, participations,
or other equivalents having such power only by reason of the occurrence of a contingency.

 

10.Attorneys’
Fees. If any attorney is engaged by Swinford to enforce or defend any provision of this Guaranty, with or without the filing
of any legal action or proceeding, Guarantor shall pay to Swinford, within ten days after demand therefor, all reasonable attorneys’
fees and costs incurred by Swinford in connection therewith (including, without limitation, in any appellate or post-judgment proceedings),
together with interest thereon from the date of such demand until paid at the rate of ten percent per annum (or, if lower, at the
maximum rate allowed by applicable law).

 

    	Page 3 of 6

    	 

    

 

11.Rules of
Construction. The term “person” as used herein shall include any individual, corporation, trust or
other legal entity of any kind whatsoever. When the context and construction so require, all words used in the words in the singular
include the plural and words in the plural include the singular, and words importing the masculine gender include the feminine
and neuter genders. All headings appearing in this Guaranty are for convenience only and shall be disregarded in construing this
Guaranty. This Guaranty is the result of arms-length negotiations between Guarantor and Swinford and their respective attorneys.
Accordingly, neither Guarantor nor Swinford shall be deemed to be the author of this Guaranty, and this Guaranty shall not be construed
against either party.

 

12.Notices.
All notices required or permitted by this Guaranty to be delivered to Guarantor or Swinford shall be delivered in writing, by personal
delivery, by overnight courier, by facsimile transmission or by registered or certified mail, return receipt requested, postage
prepaid, to the address for such party set forth on the signature page of this Guaranty. Any such notice shall be deemed given
as follows: (a) if personally delivered, when served; (b) if sent by overnight courier, on the first business day after delivery
to the courier; (c) if sent by facsimile, on the date of transmission if delivered on a business day (or, if not delivered on a
business day, on the next business day after transmission); or (d) if sent by registered or certified mail, on the third day after
deposit in the mail.

 

13.General Provisions.
If any provision of this Guaranty shall be determined by a court of competent jurisdiction to be invalid, illegal or unenforceable,
that portion shall be deemed severed from this Guaranty and the remaining parts shall remain in full force as though the invalid,
illegal or unenforceable portion had never been part of this Guaranty. This Guaranty constitutes the only agreement between Guarantor
and Swinford with respect to the subject matter hereof and supersedes all previous agreements with respect thereto. This Guaranty
may be amended or terminated only by an agreement in writing executed by Guarantor and Swinford. This Guaranty may be executed
in two counterparts, which together shall constitute but one and the same instrument. This Guaranty may be executed by facsimile
transmission or by e-mail transmission in PDF format.

 

14.Governing
Law. This Guaranty shall be governed by, and construed in accordance with, the internal laws of the State of Texas without
giving effect to such state’s conflict-of-law principles.

 

15.Waiver of
Jury Trial. Guarantor and Swinford each hereby irrevocably waives all rights that it may have under applicable law to a trial
by jury of any issue or claim arising under this Guaranty in any action to enforce or interpret this Guaranty.

 

 

 

 

 

 

 

[Remainder of page left intentionally blank.
Signature page follows.]

 

    	Page 4 of 6

    	 

    

 

 

IN WITNESS WHEREOF, Guarantor has
executed and delivered this Guaranty as of the date appearing on the first page of this Guaranty.

 

	 	
        Coil Tubing Technology Holdings, Inc.

        (A Nevada corporation)

         

        By: /s/ Jerry L. Swinford

        Its: President

        Printed Name: Jerry L. Swinford

         

         

        Total Downhole Solutions, Inc.

        (a Texas corporation)

         

        By: /s/ Jerry L. Swinford

        Its: President

        Printed Name: Jerry L. Swinford

         

         

        Coil Tubing Technology, Inc.

        (a Texas corporation) 

         

        By: /s/ Jason L. Swinford

        Its: Chief Executive Officer

        Printed Name: Jason L. Swinford

         

        Address for all entities above:

         

        Attn: Jason Swinford

        22305 Gosling Road

        Spring, Texas 77389

        Phone: (281) 651-0200

        Fax:  (281) 288-0400

         

         

        Coil Tubing Technology Canada Inc.

        (an Alberta Canada corporation)

         

        By: /s/ Jason L. Swinford

        Its: Chief Executive Officer

        Printed Name: Jason L. Swinford

         

        Address:

         

        Attn: Jason Swinford

        22305 Gosling Road

        Spring, Texas 77389

        Phone: (281) 651-0200

        Fax:  (281) 288-0400

         

         

        Excel Inspection, LLC

        (a Texas limited liability company)

         

        By: /s/ Jason L. Swinford

        Its: Managing Partner

        Printed Name: Jason L. Swinford

 

    	Page 5 of 6

    	 

    

 

	 	Address: 

 

Attn: Jason Swinford

22305 Gosling Road

Spring, Texas 77389

Phone: (281) 651-0200

Fax:  (281) 288-0400

	
        AGREED TO AND ACCEPTED:

         

        /s/ Jerry L. Swinford

        Jerry L. Swinford

         

        Address:

         

        22305 Gosling Road

        Spring, Texas 77389

        Phone: (281) 651-0200

        Fax: (281) 288-0400
	 

 

 

 

 

 

 

 

 

 

 

 

 

    	Page 6 of 6Exhibit 10.39

 

 

INTELLECTUAL PROPERTY ASSIGNMENT

 

This Intellectual Property
Assignment (the “Assignment” or “Agreement”) is entered on March 25, 2015 to
be effective as of December 1, 2014, by and between Jerry
L. Swinford, an individual residing in the State of Texas (“Assignor”) and Coil
Tubing Technology, Inc., a Nevada corporation (“Assignee”). Assignor and Assignee may be referred
to herein individually as a “Party” and jointly as the “Parties.”

 

WHEREAS, Assignor
is the named inventor and owner of all rights, title, and interest in and to the intellectual property listed in Exhibit A,
attached hereto and incorporated herein as if fully reproduced (the “Transferred Assets”); and

 

WHEREAS, Assignor
desires to assign and transfer to Assignee, and Assignee desires to obtain from Assignor an assignment and transfer of, the Transferred
Assets pursuant to this Assignment.

 

NOW THEREFORE,
in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged as received, and in consideration of the foregoing and the covenants and promises contained herein, the
Parties agree as follows:

 

1. Assignment
of Transferred Assets. Assignor hereby unconditionally and irrevocably sells, assigns, transfers, conveys, and delivers
to Assignee, its successors and assigns, all his right, title, and interest in, to, and under the Transferred Assets, said Transferred
Assets set forth herein in Exhibit A, and any reissues, reexaminations, renewals, continuations, continuations-in-part,
divisions, substitute applications thereof, and the like, and any extensions thereof, and all patents worldwide that may be granted
thereon, together with the right to file such applications and the right to claim for the same the priority rights derived from
such patent application under the laws of the United States and its territorial possessions, the International Convention for the
Protection of Industrial Property, or any other international agreement or the domestic laws of the country in which any such application
is filed, as may be applicable, to be held and enjoyed by Assignee for its own use and enjoyment, and for the use and enjoyment
of its successors and assigns, to the end of the term or terms for which such patents may be granted or reissued, as fully and
entirely as the same would have been held and enjoyed by Assignor if this assignment and sale had not been made.

 

2. Cooperation
with Assignee. Assignor agrees to cooperate with Assignee to provide the necessary executed assignments and other documents
as required to perfect the assignment set forth in Section 1. Assignor further covenants that Assignee will, upon its request,
be provided promptly with all pertinent facts and documents relating to said inventions and said Letters Patent and legal equivalents
as may be known and accessible to Assignor and will testify as to the same in any interference, litigation, or proceeding related
thereto and will promptly execute and deliver to Assignee or its legal representatives any and all papers, instruments or affidavits
required to apply for, obtain, maintain, issue and enforce said application, said inventions and said Letters Patent and said equivalents
thereof which may be necessary or desirable to carry out the purposes thereof.

 

3. Issuance
of Future Patents. Assignor hereby authorizes and requests the Commissioner of Patents and Trademarks of the United States,
and any officer of any country or countries foreign to the United States, whose duty it is to issue patents or other evidence or
forms of intellectual property protection to issue respective Letters of Patent to Assignee, and the entire right, title, and interest
in and to the same, for its sole use and benefit; and for the use and benefit of its successors and assigns, to the full end of
the term(s) for which said Patent(s) may be granted, as fully and entirely as the same would have been held by me had this assignment
not been made.

 

4. No
Prior Encumbrance. Assignor hereby covenants that no assignment, sale, agreement, or encumbrance has been or will be made
or entered into which would conflict with the terms of this Assignment.

 

    	Page 1 of 3

    	 

    

 

5. Right
to Sue for Past Infringement. Assignor hereby expressly grants to Assignee all of Assignor’s rights to bring any
necessary action, including, but not limited to lawsuits, against any past, present, or future third party infringers, potential
or actual, of any Transferred Asset as if the Assignor himself were bringing such action. Assignee shall have the right to any
and all recoveries from any such actions and Assignor hereby waives any recovery obtained by Assignee.

 

6. Indemnification.
ASSIGNEE HEREBY AGREES TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE ASSIGNOR FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, LOSSES,
EXPENSES (INCLUDING, BUT NOT LIMITED TO, ATTORNEYS’ FEES AND COURT COSTS), AND CAUSES OF ACTION OF EVERY KIND AND CHARACTER,
WITHOUT LIMITS AND WITHOUT REGARD TO THE CAUSE OR CAUSES THEREOF OR NEGLIGENCE OF ANY PARTY, INCLUDING, BUT NOT LIMITED TO, THE
SOLE, ACTIVE, PASSIVE, JOINT, OR CONCURRENT NEGLIGENCE OR STRICT LIABILITY (OF WHATEVER CHARACTER) OF ASSIGNOR, ARISING OUT OF
OR IN CONNECTION WITH, DIRECTLY OR INDIRECTLY, THIS ASSIGNMENT AND THE TRANSFERRED ASSETS.
ASSIGNEE’S INDEMNITY UNDER THIS PARAGRAPH SHALL BE WITHOUT REGARD TO AND WITHOUT ANY RIGHT TO CONTRIBUTION FROM ANY INSURANCE
MAINTAINED BY ASSIGNOR.

 

7. Prior
Agreements; Waiver. No modification of this Assignment shall be of any force or effect unless in writing and signed
by an authorized signatory of both Parties. This Assignment constitutes the entire agreement
between the parties pertaining to the subject matter contained in it and supersedes those provisions of all prior and contemporaneous
agreements, representations and understandings of the parties pertaining to the same subject matter. No waiver of any of the provisions
of this Assignment shall be deemed to, or shall constitute a waiver of, any other provisions, whether or not similar, nor shall
any waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making the waiver.

 

8. Captions
and Headings. Captions and headings used herein are inserted only for convenience of reference only and shall not operate
to modify, interpret, alter, limit or define any provision hereof.

 

 

 

 

 

 

 

 

 

 

[Remainder of page left intentionally blank.
Signature page follows.]

 

 

 

 

    	Page 2 of 3

    	 

    

IN WITNESS WHEREOF,
Assignor hereby assigns the Transferred Assets to the Assignee and the Assignee hereby accepts said assignment and has hereunto
set hand and seal on the following dates.

 

	ASSIGNOR:	ASSIGNEE:
	 	 
	 	COIL TUBING TECHNOLOGY, INC.
	 	 
	By: /s/ Jerry L. Swinford	By: /s/ Jason L. Swinford
	Jerry L. Swinford, Inventor	Jason L. Swinford, CEO
	 	 
	Date: March 25, 2015	Date: March 25, 2015

 

 

NOTARIZATIONS

 

	STATE OF TEXAS	§
	COUNTY OF HARRIS	§

 

Before me this 25th
day of March 2015, personally appeared Jerry L. Swinford, to me known to be the person who is described in and who executed the
foregoing assignment instrument and acknowledge to me that he executed the same of his own free will for the purpose therein expressed.

 

	 	/s/ Signed by Notary
	 	Notary Public in and for the State of Texas

 

 

	STATE OF TEXAS	§
	COUNTY OF HARRIS	§

 

This instrument was
acknowledged before me on the 25th day of March 2015, by Jason L. Swinford, Chief Executive Officer of Coil Tubing Technology,
Inc., a Nevada Corporation, who acknowledged to me that he has the authority to sign this document on behalf of said corporation.

 

 

	 	/s/ Signed by Notary
	 	Notary Public in and for the State of Texas

 

    	Page 3 of 3

    	 

    

 

 

EXHIBIT A

TRANSFERRED ASSETS

 

	COUNTRY	PATENT
        OR

        APPLICATION
        NO.
	FILING DATE	REMAINING TERM	REGISTRATION

        DATE
	PRIORITY
        DATE,

        IF
        ANY
	TOOL	NOTES	LISTED OWNER
	US	5,584,342	6/6/1995	2.04	12/17/1996	 	Subterranean Rotation- Inducing Device and
    Method	All maintenance done - will expire on 6/6/2015	Coil Tubing Technology, Inc.
	US	7,686.102	3/29/2007	15.33	3/30/2010	3/31/2006	Jet Motor for Providing Rotation in a Downhole
    Tool	Next maintenance window opens 3/30/2017.	Coil Tubing Technology, Inc.
	US	8,151.908	12/4/2009- Continuation	17.36	4/10/2012	3/31/2006	Jet Motor for Providing Rotation in a Downhole
    Tool	Next maintenance window opens 4/10/2015.	Jerry L. Swinford -will file assignment to
    Coil Tubing Technology, Inc.
	Canada	2,646.326	9/23/2008 (national entry date)	18.18	2/5/2013	3/31/2006	Jet Motor and Method for Providing Rotation
    in a Downhole Tool	Next annuity due by 3/30/2015	Coil Tubing Technology, Inc.
	Canada	2,797,565	3/29/2007 -Divisional app.	12.32	3/29/2007	3/31/2006	Jet Motor and Method for Providing Rotation
    in a Downhole Tool	Notice of Allowance has issued Next annuity
    due by 3/29/2015	Coil Tubing Technology, Inc.
	Singapore	146,369	9/26/2008	15.45	5/14/2010	3/31/2006	Jet Motor and Method for Providing Rotation
    in a Downhole Tool	Next annuity due by 3/29/2015	Coil Tubing Technology, Inc.
	US	7,946,348	8/31/2007	16.48	5/24/2011	 	Rotation Tool	First maintenance window opens 5/24/2014	Coil Tubing Technology, Inc.
	Canada	2,734,285	2/15/2011 (national entry date)	18.51	6/5/2013	8/31/2007	Rotation Tool	Next annuity due by 7/16/2014	Coil Tubing Technology, Inc.
	Indonesia	W00201001371	4/28/2010	17.41	4/30/2012	8/31/2007	Rotation Tool	Is still being examined	Jerry L. Swinford -will file assignment to
    Coil Tubing Technology, Inc.
	US	12/480.680	6/8/2009	16.58	6/30/2011	6/6/2008	Jet Hammer	Awaiting appeal decision -	Coil Tubing Technology. Inc.
	US	8,151.910	5/7/2009	17.36	4/10/2012	5/7/2008	Drilling Jar	First maintenance window opens 4/10/2015	Coil Tubing Technology, Inc.
	US	5,584.342	6/6/1995	2.04	12/17/1996	 	Subterranean Rotation- Inducing Device and
    Method	All maintenance done - will expire on 6/6/2015	Coil Tubing Technology. Inc.

 

    	 

    	 

    

 

	Canada	2,723,420	11/2/2010 (national entry date)	19.16	1/28/2014	5/7/2008	Drilling Jar	Next annuity due by 5/7/2014	Coil Tubing Technology. Inc.
	Indonesia	ID P0029982	11/26/2010 (national entry date)	17.13	1/16/2012	5/7/2008	Drilling Jar	Next annuity due by 1/16/2015	Jerry L. Swinford -will file assignment
    to Coil Tubing Technology, Inc.
	US	13/046.662	3/11/2011	18.33	3/31/2013	3/11/2010	Method and Apparatus for Washing Downhole Tubulars
    and Equipment	Undergoing examination	Coil Tubing Technology, Inc.
	Norway	20,120,910	8/15/2012	19.75	8/31/2014	3/11/2010	Method and Apparatus for Washing Downhole Tubulars
    and Equipment	Based on PCT/US11/28241 Undergoing examination
    Next annuity due 3/31/2015	Jerry L. Swinford -will file assignment to
    Coil Tubing Technology, Inc.
	UK/Scotland	1216072.7	9/10/2012	19.83	9/30/2014	3/11/2010	Method and Apparatus for Washing Downhole Tubulars
    and Equipment	Based on PCT/US11/28241 Undergoing examination
    Next annuity due 3/31/2015	Jerry L. Swinford -will file assignment to
    Coil Tubing Technology. Inc.
	US	13'434.812	3/29/2012	19.33	3/31/2014	3/29/2011	Downhole Oscillator	Waiting for examination	Jerry L. Swinford -will file assignment to
    Coil Tubing Technology, Inc.
	US	5,584,342	6/6/1995	2.04	12/17/1996	 	Subterranean Rotation-Inducing Device and Method	All maintenance done - will expire on 6/6/2015	Coil Tubing Technology, Inc.
	Canada	2,837,938	9/12/2013	20.83	9/30/2015	3/29/2011	Downhole Oscillator	Need to request examination but am waiting
    to see what happens in U.S. application as we can have this application mirror a U.S. allowed application which cuts down
    on prosecution fees. Next annuity due 3/30/2015	Coil Tubing Technology, Inc.
	US	61(932,629	1/28/2014	21.17	1/31/2016	 	Downhole Tool (Ampli-Max)	Need to prepare and file full-blown non-provisional
    patent application	Jerry L. Swinford

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}]]