ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTSIP Intellectual Property License Assignment Agreement |
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ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTS
THIS ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTS (this "Assignment") is entered into by and between BSI2000, INC., a Delaware corporation, ("Buyer"), whose address is 12600 W. Colfax Avenue, Suite B410A, Lakewood, CO 80215 and THE NEW SYTRON, INC., a Colorado corporation ("Seller"), whose address is 11959 Discovery Court, Moorpark, CA 93021 on August 25, 2005.
RECITALS
By court orders dated February 2, 2005 and May 4, 2005, in Case No. 05 CV 15 pending in the District Court for Boulder County, Colorado, titled The New Sytron, Inc. v. DPI International Group, Seller was granted "full and final possession, control and ownership" of certain assets of DPI International Group, a Nevada Corporation ("Debtor"), including the access control system commonly known as MAXX-NET, MAXX-Net, Maxx-Net or any variation thereof (the "Maxx-Net System").
AGREEMENTS
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Pursuant to the exercise by Buyer of its option to purchase under that certain Option to Purchase Agreement dated as of August 2, 2005 by and among Buyer, Seller and Ahmad Ibrahim, Seller hereby assigns to Buyer all right, title and interest which Seller and/or DPI International Group Inc., as debtor, has or may in the future have relating to possession, use and/or ownership of the following described assets (collectively, the "Assets"): The Maxx-Net System and any






