extension or extension of a right granted. These obligations are disclosed in Appendix B. “Patents” are patents and patent applications, which are called “persons” in Schedule A [8], any natural or legal person.” “Purchase price” has the meaning defined in point 2.2. [8] This provision is intended to clearly define the “patents” transferred to the patents listed in Schedule A. Please note that this includes the rights defined above in “Assigned Patent Rights”. 2) ASSIGNMENT OF PATENT RIGHTS; PURCHASE PRICE; DELIVErables REMARKS 2.1 Disposal (a) assignment of the patent rights sold. Subject to the terms of this contract and receipt of the purchase price in accordance with Section 2.2 by the applicable seller, which is effective from closing[9], it transfers and transmits to the purchaser all the rights, titles and interests of the seller to and on the patent rights transferred, which are subject to all charges and obligations [10]. Once finalized, this BREVET SALE AGREEMENT (this “agreement”) is concluded, on the effective date (defined below) by and between Intellectual Ventures Assets 16 LLC, a limited liability company in Delaware, with an address at 2711 Centerville Rd, Suite 400, Wilmington, DE 19808 (“Seller”) and Quest Patent Research Corporation, a Delaware company based at 411 Theodore Fremd Ave., Suite 206S, Rye, New York 10580 (“buyer”). The parties agree that this patent sale agreement (“agreement”) is concluded on June 1, 2010 (effective date) of and between Netgain Financial Inc.,1 California-based company, headquartered at 6119 LaGranada Ave Rancho Santa Fe CA 92067 (buyer) and Location Based Technologies Inc., located in 38 Discovery #150 Irvine, CA 92618 (seller). This patent purchase agreement (“agreement”) will be concluded on May 10, 2010 (effective date) between P.T Holding, represented by its owner, Mr.
Boris Sigalov, of Hofein Street 31/10, Holon, Israel (“seller”), Dr. Boris Sigalov, 31/10 Hofein Street, Holn (the inventor) and SolarFlex Corp. and SolarFlex Corp., a delaware company that has its main location at 113 Barksdale Professional Center, Newark, Delaware, USA 1971 (“acquirer”).