Document:

Exhibit 10.33

EXHIBIT 10.33

 

Bill
of Sale
 For
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Mark D. Waldron, in his capacity as Chapter 11 Trustee in the
bankruptcy case of  Giga Watt, Inc., pending in the U.S. Bankruptcy Court for
the Eastern District of Washington and assigned Case No. 18-03197,
("Seller"), does hereby grant, bargain, transfer, sell, assign,
convey and deliver to EcoChain, Inc., a Delaware Corporation
("Buyer"), all of its right, title, and interest in and to the TNT
Equipment and the Trailer Equipment, as such terms are defined in the Purchase
and Sale Agreement, dated as of April 30, 2020 (the "Purchase Agreement"),
by and between Seller and Buyer, to have and to hold the same unto Buyer, its
successors and assigns, forever.

Buyer acknowledges that Seller makes no representation or warranty with
respect to the assets being conveyed hereby except as specifically set forth in
the Purchase Agreement.

 

 

 

 

 

 

 

 

 

 

 

 

4828-5445-7787, v. 1Exhibit 10.34

EXHIBIT 10.34

 

ASSIGNMENT
AND ASSUMPTION AGREEMENT (TANGIBLE PROPERTY)

This Assignment and Assumption Agreement
- Tangible Property (the "Agreement"), effective as of May 20th, 2020 (the
"Effective Date"), is by and between. Mark D. Waldron, as Chapter 11
Trustee in the bankruptcy case of Giga Watt, Inc., pending in the U.S. Bankruptcy
Court for the Eastern District of Washington and assigned case no. 18-03197
("Seller"), and EcoChain Inc., a Delaware corporation
("Buyer").

WHEREAS, Seller and Buyer
have entered into a certain Purchase and Sale Agreement, dated as of April 30,
2020 (the "Purchase Agreement"), pursuant to which, among
other things, Seller has agreed to assume, under 11 U.S.C. § 365, and assign
all of its rights, title and interests in, and Buyer has agreed to assume all
of Seller's duties and obligations under the TNT Leases, the TNT Power
Contract, and the Trailer Oral Lease as defined in the Purchase Agreement.

NOW, THEREFORE, in
consideration of the mutual covenants, terms and conditions set forth herein,
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:

1.       
Definitions. All capitalized terms used in this
Agreement but not otherwise defined herein are given the meanings set forth in the Purchase Agreement.

       
2.        Assignment
and Assumption. Seller hereby sells, assigns, grants, conveys and transfers
to Buyer all of Seller's right, title and interest in and to the TNT Leases, the
TNT Power Contract and the Trailer Oral Lease, provided that, subject to the
terms of the Purchase Agreement, Seller is not transferring to Buyer, and Buyer
is not acquiring from Seller any right, title, or interest in the TNT Power
Deposit. Buyer hereby accepts such assignment after Seller's assumption
of same under 11 U.S.C. § 365, and assumes all of Seller's duties and
obligations under the TNT Leases, the TNT Power Contract and the Trailer Oral
Lease and agrees to pay, perform and discharge, as and when due, all of the
obligations of Seller under the TNT Leases, the TNT Power Contract, and the
Trailer Oral Lease accruing on and after the Effective Date.

3.        Terms
of the Purchase Agreement.. The terms of the Purchase Agreement are
incorporated herein by this reference. The parties hereto acknowledge and agree
that the representations, warranties, covenants, and agreements contained in
the Purchase Agreement shall not be superseded hereby but shall remain in full
force and effect to the full extent provided therein. In the event of any
conflict or inconsistency between the terms of the Purchase Agreement and the
terms hereof, the terms of the Purchase Agreement shall govern.

4.        Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of Washington and
sections 101, et seq. of title 11 of the United States Code, without
giving effect to any choice or conflict of law provision or rule
(whether of the State of Washington or any other jurisdiction).

 
 

5.       
Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed
an original, but all of which together shall be deemed to be one and the same
agreement. A signed copy of this Agreement delivered by facsimile, email or
other means of electronic transmission shall be deemed to have the same legal
effect as delivery of an original signed copy of this Agreement.

IN WITNESS WHEREOF, the parties have
executed this Agreement to be effective as of the date first above written.

 

	 

	 

	 

	 

	 

	 

	 

	 

	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2Exhibit 10.35

EXHIBIT 10.35

 

INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT

This
INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT ("IP Assignment"), dated
as of May 20th, 2020, is made by Mark D. Waldron, in his official capacity as the
Chapter 11 Trustee, acting on behalf of the estate (the "Estate")
in
the bankruptcy case commenced by Giga Watt, Inc. in the U.S. Bankruptcy Court
for the Eastern District of Washington and assigned Case No. 18-03197 (the "Bankruptcy
Case") and whose office is located at 6711 Regents Blvd. W, Ste. B,
Tacoma, Washington 98466 ("Seller"), in favor of EcoChain,
Inc., a Delaware Corporation, located at 325 Washington Ave., Extension,
Albany, N.Y. 12205 ("Purchaser"), the purchaser of certain
assets of Seller pursuant to the Purchase and Sale Agreement between Purchaser
and Seller dated as of April 30, 2020 (the "Purchase Agreement").

WHEREAS,
under the terms of the Purchase Agreement, Seller has conveyed, transferred,
and assigned to Purchaser, among other assets, the intellectual property of
Seller, and has agreed to execute and deliver this IP Assignment to the
Purchaser so that the Purchaser may, in its discretion, record this IP
Assignment with the United States Patent and Trademark Office and the United States Copyright Office;

NOW
THEREFORE, the parties agree as follows:

1.        Assignment.
For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Seller hereby irrevocably conveys, transfers, and assigns
to Purchaser, and Purchaser hereby accepts, all of Seller's right, title, and
interest in and to:

(a)              
any trademark and
trademark registration by Giga Watt, Inc. (the "Trademarks"), together
with the goodwill of the business connected with the use of, and symbolized by,
the Trademarks.

(b)              
any copyright and
copyright registration by Giga Watt, Inc. and all issuances, extensions, and
renewals thereof (the "Copyrights").

(c)               
all  other intellectual property of Giga Watt,
including its name, trade names, phone numbers, web sites, social media assets,
internet domain names, logos, advertising copy, or artwork.

(d)              
all rights of any kind
whatsoever of Seller accruing under any of the foregoing provided by applicable
law of any jurisdiction, by international treaties and conventions, and
otherwise throughout the world.

(e)              
any and all royalties,
fees, income, payments, and other proceeds now or hereafter due or payable with
respect to any and all of the foregoing.

(f)               
any
and all claims and causes of action, with respect to any of the foregoing,
whether accruing on or after the date hereof, including all rights to and
claims for damages, restitution, and injunctive and other legal and equitable
relief for present and future infringement, dilution, misappropriation,
violation, misuse, breach, or default,

1-Page
 
 

with the right but no obligation to sue
for such legal and equitable relief and to collect, or otherwise recover, any
such damages.

2.                 
Trustee's
Right to Use Assigned IP. The Trustee has the right to use the Assigned
IP as is reasonably necessary to administer the
Bankruptcy Case.

3.                 
Recordation and
Further Actions. Seller hereby authorizes the Commissioner for Trademarks in the
United States Patent and Trademark Office and the Register of Copyrights in the
United States Copyright Office to record and register this IP Assignment upon
request
by Purchaser. Following the date hereof, upon Purchaser's reasonable request,
and at Purchaser's sole cost and expense, Seller shall take such
steps and actions, and provide such cooperation and assistance to Purchaser
and its successors, assigns, and legal representatives, including the
execution and delivery of any affidavits, declarations, oaths, exhibits,
assignments, powers of attorney, or other documents, as may be reasonably
necessary to effect, evidence, or perfect the assignment of the Assigned
IP to Purchaser, or any assignee or successor thereto.

4.                 
Terms
of the Purchase Agreement; The patties hereto acknowledge and agree that this IP
Assignment is entered into pursuant to the Purchase Agreement, to which
reference is made for a further statement of the rights and obligations of
Seller and Purchaser with respect to the Assigned IP. The representations,
warranties, covenants, agreements, and indemnities contained in the Purchase
Agreement shall not be superseded hereby but shall remain in full force and
effect to the full extent provided therein. In the event of any conflict or
inconsistency between the terms of the Purchase Agreement and the terms hereof,
the terms-of the Purchase Agreement shall govern.

5.                 
Counterparts. This IP Assignment
may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed one and the same agreement. A signed
copy of this IP Assignment delivered by facsimile, e-mail, or other means of
electronic transmission shall be deemed to have the same legal effect as
delivery of an original signed copy of this IP Assignment.

6.                 
Successors and
Assigns. This IP
Assignment shall be binding upon and shall inure to the benefit of the parties
hereto and their respective successors and assigns.

7.                 
Governing
Law.
This IP Assignment and any claim, controversy, dispute, or cause of
action (whether in contract, tort, or otherwise) based upon, arising out of, or
relating to this IP Assignment and the transactions contemplated hereby shall
be governed by, and construed
in accordance with, the laws of the United States, including, title 11 of the
United States Code, and the State of Washington, without giving effect to any
choice or conflict of law provision or rule (whether of the State of Washington
or any other jurisdiction).

[SIGNATURE
PAGE FOLLOWS]
 
 

IN WITNESS WHEREOF, SELLER HAS DULY EXECUTED
AND DELIVERED THIS IP ASSIGNMENT AS OF THE DATE FIRST ABOVE WRITTEN.

 

 

 

 

4831-0539-5131, v. 1

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