Document:

Exhibit 10.8

ASSIGNMENT 1

 

I, the undersigned
John J. Dupont, hereby declare that I am the true and first inventor of an
invention related to the ornamental design for an aircraft which is disclosed
in application for Letters Patent in the United States of
America, filed the 21st day of December 1990 and assigned
Serial No. 07/633,444; and, for valuable consideration, the receipt and
adequacy of which is hereby acknowledged and in fulfillment of my pre-existing
obligation of assignment contained in and subject to the revocation provisions
of my employment agreement dated December 10, 2004, with UTILICRAFT
AEROSPACE INDUSTRIES, INC., a Nevada corporation (the “Assignee”). I
hereby sell, assign, and transfer unto the Assignee, subject to the right of
revocation set forth in my employment agreement dated December 10, 2004,
the entire right, title and interest in and to the aforesaid application for
Letters Patent, including any priority rights derived from the aforesaid
application for Letters Patent by virtue of the International Convention for
the Protection of Industrial Property for any and all member countries of the
aforesaid International Convention, and the entire right, title and interest in
and to any and all my inventions, whether joint or sole, disclosed in the
aforesaid application for Letters Patent, and in and to any and all
applications for Letters Patent for any such inventions in any country
whatsoever, and in and to any and all patents for any such inventions in any
country whatsoever, with the sole right to file such applications in its name
or mine, including the sole right to file such applications under the aforesaid
International Convention, together with the sole right to have said patents
granted in its name or mine, including the sole right to file such applications
under the aforesaid International Convention, together with the sole right to
have said patents granted in its name or mine and to enforce said patents and
to sue for and recover profits and damages for any and all infringements
thereof and hereby agree, whenever requested to communicate to said Assignee,
its successors, assigns and legal representatives, any facts known to me
respecting said inventions, to testify in any legal proceeding, to execute all
applications, papers or instruments necessary or required by said Assignee, its
successors, assigns and legal representatives to carry into effect any of the
provisions of this instrument, and generally to do everything possible to aid
said Assignee, its successors, assigns and legal representatives to obtain and
enforce proper patent protection for said inventions in any and all countries.

 

	
   

  	
  Signed and sealed this
  10th day of December, 2004

  
	
   

  	
   

  
	
   

  	
  /s/ John J. Dupont

  	
   

  
	
   

  	
  John J. Dupont

  

 

 

	
  State
  of Georgia

  	
  §

  	
   

  
	
   

  	
  §

  	
   

  
	
  County
  of Gwinnett

  	
  §

  	
   

  

 

I, a Notary Public in and
for the jurisdiction aforesaid, do hereby certify that the above signed
personally appeared before me in said jurisdiction, personally known to be the
individual described in, and who executed the foregoing instrument and acknowledged
that he executed the same of his own free will and for the purposes therein set
forth.

 

	
   

  	
  Subscribed and sworn to
  before me on this 10th day of

  
	
   

  	
  December, 2004

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  My Commission Expires: 

  	
  2/19/2008

  	
   

  
				

[Notarial Seal]Exhibit 10.9

ASSIGNMENT 2

 

I, the undersigned
John J. Dupont, hereby declare that I am the true and first inventor of an
invention in freight feeder aircraft and method of cargo transportation using
same which is disclosed in application for Letters Patent in the United States
of America, filed the 20th day of February, 1991 as assigned Serial
No, 07/658,269; and, for valuable consideration, the receipt and adequacy of
which is hereby acknowledged and in fulfillment of my pre-existing obligation
of assignment contained in and subject to the revocation provisions of my
employment agreement dated December 10, 2004 with UTILICRAFT AEROSPACE
INDUSTRIES, INC., a Nevada corporation (“Assignee”). I hereby sell,
assign, and transfer unto the Assignee, subject to the right of revocation set
forth in my employment agreement dated December 10,2004, the entire right,
title and interest in and to the aforesaid application for Letters Patent,
including any priority rights derived from the aforesaid application for
Letters Patent by virtue of the International Convention for the Protection of
Industrial Property for any and all member countries of the aforesaid
International Convention, and the entire right, title and interest in and to
any and all my inventions, whether joint or sole, disclosed in the aforesaid
application for Letters Patent, and in and to any and all applications for
Letters Patent for any such inventions in any country whatsoever, and in and to
any and all patents for any such inventions in any country whatsoever, with the
sole right to file such applications in its name or mine, including the sole
right to file such applications under the aforesaid International Convention,
together with the sole right to have said patents granted in its name or mine,
including the sole right to file such applications under the aforesaid
International Convention, together with the sole right to have said patents
granted in its name or mine and to enforce said patents and to sue for and
recover profits and damages for any and all infringements thereof, and hereby
agree, whenever requested to communicate to said Assignee, its successors,
assigns and legal representatives, any facts known to me respecting said
inventions, to testify in any legal proceeding, to execute all applications,
papers or instruments necessary or required by said Assignee, its successors,
assigns and legal representatives to carry into effect any of the provisions of
this instrument, and generally to do everything possible to aid said Assignee,
its successors, assigns and legal representatives to obtain and enforce proper
patent protection for said inventions in any and all countries.

 

	
   

  	
  Signed and sealed this
  10th day of December, 2004

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ John J. Dupont

  	
   

  
	
   

  	
  John J. Dupont

  

 

 

	
  State
  of Georgia

  	
  §

  	
   

  
	
   

  	
  §

  	
   

  
	
  County
  of Gwinnett

  	
  §

  	
   

  

 

I, a Notary Public in and
for the jurisdiction aforesaid, do hereby certify that the above signed
personally appeared before me in said jurisdiction, personally known to be the
individual described in, and who executed the foregoing instrument and
acknowledged that he executed the same of his own free will and for the
purposes therein set forth.

 

	
   

  	
  Subscribed and sworn to
  before me on this 10th day of

  
	
   

  	
  December, 2004

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  My Commission Expires: 

  	
  2/19/2008

  	
   

  
				

[Notarial Seal]Exhibit 10.10

 

ROYALTY AGREEMENT

 

This agreement is
made an entered this 10th day of December, 2004, by and between JOHN
J. DUPONT, resident of the State of Georgia (“Dupont”). and Utilicraft
Aerospace Industries, Inc., a Nevada corporation (the “Corporation”).

 

WHEREAS,
Dupont has assigned to the Corporation subject to Dupont’s
right of revocation retained by him as set forth in his employment agreement
with the Company, dated December 10, 2004, all right, title and interest
in and to U.S. Patent No. 5,106,038, U.S. Patent No. Des. 339,319,
and U.S. Patent Application Serial No. 09/584,169 filed May 26, 2000
(the “Assignments”): and

 

WHEREAS, the
Assignment will be recorded with the U.S. Patent and Trademark Office as soon
hereafter, as reasonably practical.

 

NOW,
THEEFORE, in consideration of the foregoing and in
consideration of the mutual covenants set forth herein, Dupont and the
Corporation agree as follows:

 

1.                                       The
Corporation agrees to pay to Dupont, his heirs or assigns, royalties in the amount
of 3% of the Corporation’s gross proceeds on all sales of the FF1080-100, FF1080-200,
FF1080-300, FF1080-500, and all variants and/or all future versions or other
aircraft and/or other products which are covered by the patents and/or which
utilize the trademarks assigned to the Corporation by Dupont.

 

2.                                       Payment
will be made to Dupont within 30 days of receipt of payment by the Corporation.

 

3.                                       Royalties
shall be paid on the first two thousand (2000) aircrafts sold by the Corporation.

 

4.                                       The
Corporation shall keep complete, true and accurate books of account, containing
a current record of all sales revenues, leasing, servicing and other activities
pertaining to aircraft manufactured by or on behalf of the Corporation and
other data in sufficient detail to enable the terms and conditions under this
Agreement to be confirmed and verified.  
Said books of account, together with underlying supporting data such as copies
of leases, invoices, revenue receipts, bills and lading and the like, shall be
kept at the Corporation’s principal place of business.  Said books and the supporting data shall be
maintained and made available, at all reasonable times, for five (5) years
following the end of the calendar year to which they pertain, for inspection by
Dupont, his representatives, or agents for the purpose of verifying the
Corporation’s compliance with this Agreement. The Corporation shall permit
Dupont, his representatives, or agents to have access to such information for
inspection and audit at any time during normal business hours upon reasonable
prior request.

 

1

 

IN
WITNESS WHEREOF, Dupont and the Corporation have executed and
delivered this Agreement as of December 10,2004.

 

 

	
   

  	
  /s/ John J. Dupont

  	
   

  
	
   

  	
  John J. Dupont

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Utilicraft
  Aerospace Industries, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas A. Dapogny

  	
   

  
	
   

  	
   

  	
  Thomas A. Dapogny,
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ R. Darby Boland 

  	
   

  
	
   

  	
   

  	
  R. Darby Boland – V.P.
  General Manager

  

 

2

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