Royalty Report: Electrical & Electronics, Telecommunications Equip, Security – Collection: 26209

License Grant

The Licensor of England hereby perpetually, irrevocably, and unconditionally assigns, transfers, and conveys to the Licensee and its successors and assigns, all of the Licensee’s right, title, and interest in and to the Assigned Property. The Licensor further perpetually, irrevocably, and unconditionally assigns, transfers, and conveys to the Licensee and its successors and assigns all claims for past, present and future infringement or misappropriation of the Intellectual Property Rights included in the Assigned Property, including all rights to sue for and to receive and recover all profits and damages accruing from an infringement misappropriation prior to the Effective Date as well as the right to grant releases for past infringements. The Licensor hereby waives and agrees not to enforce all Moral Rights and all Personality Rights that the Licensor may have in the Assigned Property.

License Property

The Licensor's locking systems integrate elements from the original patents (physical container locking system) with a proprietary electronic control and deadlock system.  The Licensee is adding a tracking and communication system. Their system provides an electronically operated security lock for shipping

'Product” means a locking device containing a battery powered GPS Tracking and Asset Monitoring capability and an electronic controller and electromechanical locking assembly using the respective technologies of both PearTrack Systems Limited and Sweloxx Scandinavia A.

IP covered in the agreement includes the following: 1) Firmware — Software IP includes but is not limited to; embedded software contained within an application specific hardware platform. Firmware may be in the form of a pre or post-compiled code.

2) Hardware — Hardware IP includes but is not limited to; Application specific electronic system(s) and/or design that are normally in the form of schematic and printed circuit board design files.

3) Mechanical — Design IP being pledged includes but is not limited to; Product or Production tooling, Fixtures, etc.

4) Software — Software IP includes but is not limited to; Software applications, interfaces, and tools. i.e. Web portal tracking platform, Back-office services, and Hardware programming tools. Software may be in the form of pre or post-complied code.

USPTO Patent #8,245,546 and EP Patent #1 845 225 B1
The invention relates to a container lock, a method for locking a container with at least one door, and a container provided with a lock, said door having a first frame edge portion, and said container having a second frame edge portion positioned adjacent to said first frame edge portion in a closed position of the door, wherein said container lock comprises: an interior blocking portion, having a body adapted to extend over said first and second frame edge portions, and an engaging abutment and an extension portion extending out from said body so that, when said interior portion is arranged on the inside of said second frame edge portion, said engaging abutment and extension portion provide interacting engagement of opposite side surfaces of said second frame edge portion, and said extension portion extends from the interior of the container to the exterior of the container, and an exterior blocking means for lockable interaction with said extension portion.

PearLoxx locking systems integrate elements from Sweloxx patents (as set out in Exhibit B), physical container locking system with proprietary electronic control and deadlock system, and the PearTrack tracking and communication system. They system provides an electronically operated security lock for shipping containers that signals operation and location updates via the PearTrack system.
Principle generic features of the Product include:
· Electronically operated secure locking system using patented mechanical design.
· Tamper and drill resistant design
· Local 5-digit code emergency access and emergency power options.
· GPS global tracking with GSM 2G/3G communication using PearTrack tracking unit.
· Automatic notification of lock operation and unlocking / locking events.
· Local user one-touch re-locking
· C. 90 day rechargeable or up to 10 year primary battery versions based

License Grant

Licensor hereby grants to Licensee the exclusive worldwide right to utilize any patent, patent application, trademark, trademark application, trade name, service mark, copyright, copyright application, trade secret computer program (in object or source code), or other intangible property or asset developed or otherwise acquired in any manner by Licensor after the date of this Agreement.

License Property

Trademark '454 Casull' and the 'Casull' name.

Intellectual Property set forth:
PATENT NUMBER           DESCRIPTION
—-                              ——————– ———–
3,319,523               Drum Cartridge Feeding  Mechanism
3,366,010               Gin Firing Mechanism
3,609,902               Handgun Support
3,751,840               Cap and Ball Rifle
3,798,818               Means for Coupling a Hand Gun to A Stock
3,831,305               Revolver Cylinder Lock
4,126,953*             Single Action Revolver With Safety
1,121,386               Trademark – 454 Casull
4,228,606               Means for Mounting Cylinder to Small Gun
4,228,608               Cylinder Locking Mechanism for Revolver
4,228,607               Single Action Revolver/Locking Cylinder
4,385,463               Floating Firing Pin for Small Revolver
4,385,464               Mounting of Barrel and Action to Stock
4,391,058               Firing Mechanism for Bolt Action Rifle
4,402,152               Bolt Mechanism and Receiver for Rifle
4,450,992               Belt Buckle-Mini-Revolver Combination
280,464                   Belt Buckle
1,638,309**           Trademark – 454 Casull
5,048,216***         Barrel Forcing Cone Bushing and Tooling
08/683,076****    Extractor and System for Extracting a Cartridge From a Firearm
08/683,077****    Cartridge and Method of Manufacturing a Cartridge for a Firearm

Field of Use

This agreement pertains to the firearms industry.

License Grant

Licensor wishes to grant the Licensee the worldwide exclusive right to sell, assign, and transfer all of its right, title and interest in any inventions related to the Patents to the Licensee;  including the exclusive right to sublicense.

License Property

This technology is remote, real time two-way audio with video communication, which incorporates a camera, built-in Web server and network interface.  The technology will manage areas of importance independently by providing programmable audio or by alerting designated users via an audio/video transmission to a smart phone or other compatible device.

Field of Use

Licensee wishes to engage in the business of developing as well as marketing products and services protected by the Patents.