Patent Assignment and Employment Agreement between Stan Abrams, Brett Abrams, and Nathaniel Energy Corporation

Summary

Stan and Brett Abrams agree to assign several patents related to a Thermal Combustor to Nathaniel Energy Corporation, which will use them exclusively in its business. Nathaniel must maintain the patents and pay all required fees. The assignment is contingent on both Abrams being employed as officers and directors of Nathaniel; if either is no longer employed, the patents must be reassigned to them. The agreement lists the specific patents involved.

EX-10.11 12 ex10-11.txt AGREEMENT Exhibit 10.11 - Agreement AGREEMENT This Agreement Made this 7th day of July 1998 between Stan Abrams and Brett Abrams. (Abrams) Individuals whose principal address is 4871 North Mesa Drive, Castle Rock, Colorado, 80104 and Nathaniel Energy Corporation (Nathaniel), a Delaware Corporation, Located at P.O. Box 69 Castle Rock, Colorado 80104 WHEREAS: Stan and Brett Abrams has agreed that certain Patents (Patents) on the Thermal Combustor (Patent numbers Exhibit A) to be assigned to Nathaniel Energy Corporation as of this date. WHEREAS: The Patents are assigned to be used exclusively by Nathaniel for sale, or in its normal course of business, joint venture with project partners or any business venture that is normal in the regular business of Nathaniel WHEREAS: Nathaniel agrees to maintain the Patents in good standings and pay all necessary fees required by Country(s) on an annual basis. WHEREAS: This assignment is contingent upon the Abrams, both Stan and Brett, being fully employed by the company as offices, Stan, President and CEO and Brett, Vice President and COO and both Abrams as Directors. Stan Abrams shall be the Chairman of the Board at all times. Should either of the Abrams not be employed or be dismissed from their duties as officers and directors of Nathaniel, then Nathaniel agrees to file the necessary documents with the United States Patent Office to reassign the Patents to the Abrams. This agreement read and approved this 7th day of July, 1998 by: Nathaniel Energy Corporation /s/ Stan Abrams - --------------- Stan Abrams President Stan Abrams Individual /s/ Stan Abrams - -------------- Brett Abrams, Individual /s/ Brett Abrams - ------------------ Exhibit 'A' U.S. Patent No. 5,284,103 U.S. Patent No. 5,178,076 U.S. Patent No. 4,475,471 U.S. Patent No. 4,395,956' U.S. Patent No. 4,341,199 U.S. Application Serial No. 09/138,020 Filed: Aug. 21, 1998 Inventor: Stan E. Abrams Title: GASIFIER SYSTEM and METHOD European Patent Application No. 99940818.0 Publication No. 1112460