Document:

ex10_8.htm

PRISTINE SOLUTIONS, INC. 8-K

 

 

Exhibit 10.8

 

PATENT ASSIGNMENT 

This assignment made on September 19, 2006 by Hootan Melamed of Beverly Hills, California, and Edward W. Withrow, III of Westlake Village, California (Assignors) to Eaton Scientific Systems, Ltd., a California corporation, having a place of business at 521 Toro Canyon Rd, Montecito, California 93108 (Assignee);

WHEREAS, Assignors have invented a new, original and useful invention entitled HOMATROPINE ORAL SUSPENSION (Invention(s)), for which a Unites States patent application will be filed, further identified by Cislo & Thomas llp’s Docket No. 06-17254 (U.S. Patent Application);

WHEREAS, Assignors believe themselves to be the original, first, and joint inventors of the Invention(s) disclosed and claimed in the Patent Application(s); and

WHEREAS, Assignee desires to acquire by formal, recordable assignment the entire right, title, and interest in and to said Invention(s), and said Patent Application(s) in the United States and throughout the world.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignors hereby sell, assign, and transfer to Assignee, the entire right, title, and interest in and to said Invention(s), and said Patent Application(s) for said Invention(s) in the United States and throughout the world, including the right to file foreign applications directly in the name of Assignee and to claim for any such foreign applications any priority rights to which such applications are entitled under international conventions, treaties, or otherwise.

Page 1 of 2

  

  

Further Assignors agree that, upon request and without further compensation, but at no expense to Assignors, they and their legal representatives and assigns will do all lawful acts, including the execution of papers and the giving of testimony, that may be necessary or desirable for obtaining, sustaining, reissuing, or enforcing said Patent Application(s) in the United States and throughout the world for said Invention(s), and for perfecting, recording, or maintaining the title of Assignee, their successors and assigns, to said Invention(s), and said Patent Application(s) filed, and any patents granted for said Invention(s) in the United States and throughout the world.

Assignors represent and warrant that they have not granted and will not grant to others any rights inconsistent with the rights granted herein.

Assignors authorize and request the Commissioner of Patents and Trademarks of the United States and of all foreign countries to issue any Patent granted for said Invention(s), whether on another patent or other application for said Invention(s), on said Patent Application(s), or on any subsequently-filed provisional, non-provisional, regular utility, divisional, continuation, continuation-in-part, reissue, or other patent application or other application, to Assignee, its successors and assigns, as the assignee of the entire interest in said Invention(s).

IN WITNESS WHEREOF, Assignors have executed this Assignment on the date first above written and as set forth below.

 

	
 

	
ASSIGNOR

	  
	  	  	  
	  	  	  
	  	  	  
	
Date:  September 19, 2006

	
/s/ Hootan Melamed

	  
	 	
Hootan Melamed

	  
	
 

	
Inventor

	  
	  	  	  
	  	  	  
	 	ASSIGNOR	  
	  	  	  
	  	  	  
	  	  	  
	
Date: September 19, 2006

	
/s/ Edward W. Wtihrow, III

	  
	 	
Edward W. Withrow, III

	  
	 	
Inventor

	  
	  	  	  

 

Page 2 of 2ex10_9.htm

 

PRISTINE SOLUTIONS, INC. 8-K

 

 

Exhibit 10.9

 

PRISTINE SOLUTIONS, INC.

LOCK-UP-LEAK-OUT AGREEMENT

October 27, 2012

The Shareholder referenced below:

	
  

	
Re:

	
Lock-up of shares held in Pristine Solutions, Inc., a Nevada corporation (the “Company”) by the shareholder signatory hereto (the “Shareholder”)

 

To Pristine Solutions, Inc. Board & Empire Stock Transfer:

 

The undersigned Shareholder irrevocably agrees with the Company that, from the date hereof until October 27, 2014 (such period, the “Restriction Period”), the Shareholder will not except in accordance with the terms here, offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the Shareholder or any Affiliate of the Shareholder or any person in privity with the Shareholder or any Affiliate of the Shareholder, directly or indirectly, in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the United States Securities Exchange Act of 1934 (each, a “Transfer”) with respect to, any shares of Common Stock or securities convertible or exchange into shares of Common Stock beneficially owned, held or hereafter acquired by the Shareholder (the “Securities”) in the capital of the Company.  Beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.  In order to enforce this covenant, the Company shall have the right impose irrevocable stop-transfer instructions preventing the Company’s transfer agent from effecting any actions in violation of this Letter Agreement.

Notwithstanding the foregoing, the Shareholder shall be permitted to make Transfers of the shares of the Company’s Common Stock held by the Shareholder during the Restriction Period expressly in accordance with the following (the “Sale Allowances”):

 

Commencing on October 27, 2014, the Shareholder shall be permitted to make Transfers and or Sales of the shares of the Company’s Common Stock held by the Shareholder in an amount equal to up to 2% of the total issued and outstanding shares of the Company’s Common stock, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Letter Agreement, during any 90 calendar day period (the Shareholder acknowledges and agrees that the foregoing limits on Transfers are non-cumulative and may not be carried over from one 90 day period to the next).

 

The Shareholder acknowledges that the execution, delivery and performance of this Letter Agreement is a material condition to the Company’s ability to obtain any potential future financing and the Company shall be entitled to specific performance of the Shareholder’s obligations hereunder.  The Shareholder hereby represents that the Shareholder has the power and authority to execute, deliver and perform this Letter Agreement, that the Shareholder has received adequate consideration therefor and that the Shareholder will indirectly benefit from the Company’s ability to obtain any such additional financing.

 

The Shareholder acknowledges that they have read this document and fully understand the terms of this Letter Agreement, and acknowledge that this Letter Agreement has been executed voluntarily after either receiving independent legal advice, or having been advised to obtain independent legal advice and having elected not to do so.

  

  

  

 

This Letter Agreement may not be amended or otherwise modified in any respect without the written consent of each of the Company, and the Shareholder.  This Letter Agreement shall be construed and enforced in accordance with the laws of the State of Nevada without regard to the principles of conflict of laws. The Shareholder hereby irrevocably submits to the exclusive jurisdiction of the State of Nevada, for the purposes of any suit, action or proceeding arising out of or relating to this Letter Agreement, and hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that (i) it is not personally subject to the jurisdiction of such court, (ii) the suit, action or proceeding is brought in an inconvenient forum, or (iii) the venue of the suit, action or proceeding is improper. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.

This Letter Agreement shall be binding on successors and assigns of the Shareholder with respect to the Securities and any such successor or assign shall enter into a similar agreement for the benefit of the Company.

*** SIGNATURE PAGE FOLLOWS***

	
Pristine Solutions, Inc.

	
Shareholder Lock-Up-Leak-Out Agreement

  

  

  

This Letter Agreement may be executed in two or more counterparts, all of which when taken together may be considered one and the same agreement.

	
Pristine Solutions, Inc. Shareholder

	 
	  	 
	  	 
	
/s/ M. Katsuka Sandoval                                                      

	 10/27/12
	
Signature                                           

	 
	  	 
	
M. Katuska Sandoval                                                                

	 
	
Print Name

	 
	  	 
	  	 
	
Address for Notice:

	 
	  	 
	
7026 Dume Drive #B                                                                

	 
	
Malibu, CA 90265                                                      

	 
	  	 
	  	 
	
39,750,000                                                      

	 
	
Number of shares of Common Stock

	 

 

    By signing below, the Company agrees to enforce the restrictions on transfer set forth in this Letter Agreement.

	
Pristine Solutions, Inc.

	  
	 	 
	  	  	  
	
By:

	

/s/ Michael J. Borkowski

	  
	
Name:

	Michael J. Borkowski	  
	
Title:

	Chief Executive Officer	  

	
Pristine Solutions, Inc.

	
Shareholder Lock-Up-Leak-Out Agreement

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