Exhibit 10.50
ASSIGNMENT AND CONSENT AGREEMENT
This Assignment
and Consent Agreement (this "Agreement") is made and
executed as of the 17'x' day of November,
2003, by and among Joseph Kristul, an
individual, and Kristul Group, as assignor
(collectively, "Assignor"),
Environmental Friendly Materials, GMBH, a
German company, as assignee
("Assignee") and HomeCom Communications,
Inc. ("Licensor").
Whereas,
Assignor is the licensee and Licensor is the licensor under
that
certain License Agreement (the "License
Agreement"), a fully executed copy of
which is annexed hereto, as Exhibit A,
pursuant to which, among other things,
Assignor acquired the non-exclusive license
(the "License") to manufacture and
distribute Hybrid Non-Isocyonate
Polyurethane binders and related components for
chemically resistant industrial plants and
floor coverings (the "Product"); and
Whereas,
Assignor desires to assign to Assignee and Assignee desires to
acquire from Assignor, all right, title and
interest of Assignor as licensee
under and pursuant to the License Agreement
("Assignor's Interest"), on and
subject to the terms and conditions
hereinbelow set forth;
Now, Therefore,
in consideration of the sum of Ten and 00/100 ($10.00)
Dollars is