Exhibit 10.1
AGREEMENT
THIS
AGREEMENT, executed in quintuplicate, is by and among Saeed R.
Khan, residing in Owings Mills, Maryland (hereinafter
“Khan”), Gurulingappa Hallur, residing in Owings Mills,
Maryland (hereinafter “Hallur”), Manuel Hidalgo,
residing in Baltimore, Maryland (hereinafter
“Hidalgo”), Antonio Jimeno, residing in Baltimore,
Maryland (hereinafter “Jimeno”) and Champions
Biotechnology, Inc., a Delaware corporation, located at 2200 Wilson
Boulevard, Suite 102-316, Arlington, Virginia 22201 (hereinafter
“Champions”);
WHEREAS,
Khan, Hallur, Hidalgo and Jimeno represent and warrant that they
are the owners of the entire and unencumbered right, title and
interest in and to the following patent applications: U.S.
application no. 60/672,469, filed April 18, 2005; U.S. application
no. 60/696,672, filed July 5, 2005; U.S. application no.
60/720,755, filed September 27, 2005; U.S. application no.
11/673,519, filed February 9, 2007; and PCT application no.
PCT/US2006/014449, filed April 18, 2006 (hereinafter “the
Applications”);
WHEREAS,
Khan, Hallur, Hidalgo and Jimeno represent and warrant that they
are the inventors of the inventions disclosed in the Applications
and that no one else is an inventor;
WHEREAS,
Khan, Hallur, Hidalgo and Jimeno desire to assign to Champions the
entire right, title and interest in and to the Applications, all
inventions described therein, any other applications on such
invention(s) in the U.S. and in foreign countries, and all patents
issuing from the Applications, and Champions desires to acquire
same; and
Khan,
Hallur, Hidalgo and Jimeno and Champions represent and warrant that
they have not entered into any agreements inconsistent with this
Agreement;
NOW,
THEREFORE, in consideration of the mutual promises hereinafter set
forth, the parties agree as follows:
