Exhibit 10.3
Assignment of Intellectual
Property
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WHEN RECORDED RETURN TO:
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PATENT APPLICATION
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Docket No: 16570.2
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Workman Nydegger
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1000 Eagle Gate Tower
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60 East South Temple
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Salt Lake City, Utah 84111
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A S S I G N M E N T
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We,
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(1)
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Name:
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John W. Crawford
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Address:
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Tempe, AZ
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Citizenship:
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United States
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(2)
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Name:
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James M. Crawford
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Address:
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Salem, Utah
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Citizenship:
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United States
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(3)
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Name:
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Ronald Crafts
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Address:
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Spanish Fork, Utah
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Citizenship:
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United States
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respectively, have invented a method
and apparatus entitled TRANSESTERIFICATION OF OIL TO FORM
BIODIESELS, hereinafter called the
“invention.”
Preferred embodiments of said
invention are disclosed in a United States patent application
executed heretofore and now identified as File No. 16570.2 of the
law firm of Workman Nydegger, 1000 Eagle Gate Tower, 60 East South
Temple, Salt Lake City, Utah 84111, and filed in the United States
Patent and Trademark Office as Serial No. 60/736,674 on November
15, 2006, using Express Mail Label No. EV 723 466 381
US.
The Assignee, DOMESTIC ENERGY
LEASING, LLC, a corporation of the State of Utah, having a
principal place of business (or residing) at 1400 West 400 North,
Orem, Utah 84057, desires to secure the entire right, title and
interest in said invention.
In consideration of One Dollar
($1.00) and other good and valuable consideration paid to us by the
Assignee, the receipt and sufficiency of which we hereby
acknowledge, we HEREBY ASSIGN TO THE ASSIGNEE:
The entire right, title and interest
in said invention in the above-identif