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ASSIGNMENT AGREEMENT TO THE OPTION AGREEMENT

Assignment Agreement

ASSIGNMENT AGREEMENT TO THE OPTION AGREEMENT | Document Parties: GENERIC MARKETING SERVICES, INC. | NORTHWEST MEDICAL RESEARCH INC | PENN STATE RESEARCH FOUNDATION You are currently viewing:
This Assignment Agreement involves

GENERIC MARKETING SERVICES, INC. | NORTHWEST MEDICAL RESEARCH INC | PENN STATE RESEARCH FOUNDATION

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Title: ASSIGNMENT AGREEMENT TO THE OPTION AGREEMENT
Governing Law: Pennsylvania     Date: 9/4/2008

ASSIGNMENT AGREEMENT TO THE OPTION AGREEMENT, Parties: generic marketing services  inc. , northwest medical research inc , penn state research foundation
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Exhibit 10.2 - Assignment Agreement to the Option Agreement

ASSIGNMENT AGREEMENT TO THE OPTION AGREEMENT

This Assignment Agreement (the "Assignment"), effective on July 31, 2008

(hereinafter the "Effective Date"), is made by and between THE PENN STATE

RESEARCH. FOUNDATION, a non-profit corporation duly organized and existing

under the laws of the Commonwealth of Pennsylvania and having an office at

304 Old Main, University Park, Pennsylvania 16802 (hereinafter referred to

as "PSRF"), Northwest Medical Research Inc., having its principal office at

#90 NW Second Street, P.O. Box 910, Stevenson, Washington. 98648

(hereinafter referred to as "OPTIONEE") and Generic Marketing Services,

Inc., a publicly traded corporation controlled by Dr. Marvin Hausman

(hereinafter "NEWCO").

WHEREAS, PSRF and OPTIONEE entered into an Option Agreement ("Option

Agreement"), effective May 1, 2006, granting OPTIONEE an option to obtain an

exclusive license under the PATENTS RIGHTS to make, have made, use and sell

LICENSED PRODUCTS and to perform processes covered thereby.

WHEREAS, Paragraph 11.1 of the Option Agreement permits the assignment of

this Option Agreement to another entity formed and controlled by Dr. Marvin

Hausman, President of Northwest Medical Research Inc.

WHEREAS, OPTIONEE has represented that it wishes to assign its exclusive

option rights to the INVENTION and LICENSED PATENTS as covered in the Option

Agreement;

WHEREAS, PSRF desires to have the INVENTION and LICENSED PATENTS utilized

in the public interest and is willing to assign PSRF's rights hereunder to

NEWCO (as hereinafter defined),

Now, therefore, in consideration for the foregoing and the covenants and

prom


 
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