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TRADEMARK
ASSIGNMENT
AGREEMENT
This Trademark
Assignment Agreement ("Agreement") is by and between Composite
Technology Corporation, a Nevada corporation (“CTC”),
and DeWind Turbine Co., a California corporation (“DeWind
Turbine”).
WITNESSETH THAT
WHEREAS , CTC owns certain rights in the design mark set
forth in Schedule A, attached hereto and incorporated herein by
reference (hereinafter the "Mark");
WHEREAS, CTC desires to assign, transfer and set over to
DeWind Turbine all of CTC's right, title and interest
in and to the Mark in conjunction with its wind turbine business
and any and all goodwill associated therewith, and DeWind Turbine
desires to acquire all of CTC’s right, title
and interest in and to the Mark and any and all goodwill associated
therewith; and
WHEREAS, CTC desires to continue to use the Mark for a
limited period of time in conjunction with its cable business and
products, and further intends to transition to a new logo in a
period of time not to exceed nine (9) months.
NOW,
THEREFORE, in
consideration of the foregoing premises and for valuable
consideration, the sufficiency and receipt of which are hereby
acknowledged, CTC and DeWind Turbine, intending to be legally bound
hereby agree as follows:
1. CTC
hereby conveys, assigns and transfers unto DeWind Turbine all
right, title and interest in and to the Mark and any and all
derivatives thereof, together with any and all goodwill associated
therewith, and the right to
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