PATENT ASSIGNMENT AGREEMENT Document Ref: PAA-2026-001 Date of Preparation: June 1 2026 ASSIGNOR: Dr Ananya Krishnan Independent Inventor Bengaluru Karnataka India Email: [assignor email] ASSIGNEE: TechSpark Innovations Pvt Ltd Bengaluru Karnataka India Email: [assignee email] 1. RECITALS 1.1 Dr Ananya Krishnan is the inventor and owner of the patent application described in this document. 1.2 TechSpark Innovations Pvt Ltd is a technology company that wishes to acquire full ownership of the patent application and all associated rights. 1.3 Both parties confirm mutual intent to document the terms of this patent assignment through this agreement. 2. DEFINITIONS 2.1 Assignor: Dr Ananya Krishnan, independent inventor. 2.2 Assignee: TechSpark Innovations Pvt Ltd. 2.3 Patent Application: Indian Patent Application No. 202141045678, filed September 2021. 2.4 Invention: The AI-powered water quality monitoring device described in the Patent Application. 2.5 Assigned Patent Rights: All rights, title, and interest in the Patent Application and all related applications worldwide. 2.6 Territory: Worldwide. 2.7 Consideration: INR 25,00,000 one-time payment plus 2% royalty on Net Sales of products incorporating the Invention. 2.8 Encumbrance: Any existing license, lien, mortgage, or security interest affecting the Patent Application. 2.9 Recordal: The formal registration of this assignment at the Indian Patent Office and any other relevant patent office worldwide. 2.10 Prosecution: All steps taken to advance the Patent Application toward grant including responding to examination reports. 2.11 Effective Date: The date on which the one-time consideration payment is received by the Assignor. 3. DESCRIPTION OF THE PATENT BEING ASSIGNED 3.1 The Patent Application is Indian Patent Application No. 202141045678, filed September 2021. 3.2 The Invention is an AI-powered water quality monitoring device designed to continuously analyze water quality parameters using machine learning algorithms and provide real-time alerts to users. 3.3 Dr Ananya Krishnan confirms she is the inventor and sole owner of the Patent Application with full authority to make this assignment. Both parties are encouraged to verify patent status and ownership with a qualified patent attorney before finalizing this document. 4. NATURE AND SCOPE OF THE ASSIGNMENT 4.1 Dr Ananya Krishnan assigns to TechSpark Innovations Pvt Ltd all rights, title, and interest in the Patent Application and all related applications worldwide, including the right to exploit the Invention commercially, to enforce the patent against infringers, to file continuation applications, and to prosecute the Patent Application through to grant. 4.2 This is a full worldwide assignment. No field of use restriction applies. 4.3 No license is retained by the Assignor after the Effective Date. 5. RELATED AND FUTURE APPLICATIONS 5.1 This assignment covers all related applications including any continuations, divisionals, continuations-in-part, reissues, reexaminations, and any international applications filed under the PCT or otherwise claiming priority from the Patent Application. 5.2 This assignment also covers any patent application filed in the future based on the same Invention or claiming priority from the Patent Application. 6. CONSIDERATION AND PAYMENT 6.1 The Assignor will receive a one-time payment of INR 25,00,000 on the Effective Date by bank transfer. 6.2 In addition, TechSpark Innovations Pvt Ltd will pay a royalty of 2% of Net Sales of any product incorporating the Invention, payable quarterly. 6.3 Quarterly royalty reports and payments are due within 15 days of the end of each calendar quarter. 6.4 The Assignor may request an audit of the Assignee's sales records once per year with 14 days written notice. 6.5 The Assignee bears audit costs if a material discrepancy is found. 7. ASSIGNOR'S WARRANTIES 7.1 Dr Ananya Krishnan represents and warrants to the best of her knowledge that she is the sole inventor and owner of the Patent Application with full authority to assign it, that the Invention is original and does not knowingly infringe third-party rights, that the Patent Application is free from any encumbrance, that she has not previously assigned any of these rights to any other party, and that all fees due on the Patent Application are paid and current. 8. INVENTORSHIP AND RECORDAL 8.1 Dr Ananya Krishnan will execute all inventor declarations and transfer documents required by the Indian Patent Office to formally record this assignment. 8.2 TechSpark Innovations Pvt Ltd is responsible for recording this assignment at the Indian Patent Office and all other relevant patent offices worldwide. The Assignee bears all recordal costs. 9. PROSECUTION AND MAINTENANCE 9.1 Following the Effective Date, TechSpark Innovations Pvt Ltd is responsible for all prosecution decisions, official fee payments, and maintenance of the Patent Application and any resulting granted patent. 10. GOVERNING LAW AND DISPUTES 10.1 Laws of Karnataka India govern this arrangement. 10.2 Disputes will first be addressed through direct good-faith negotiation. If unsuccessful, disputes will proceed to binding arbitration. SIGNATURE BLOCK: Note: Both parties should have this document reviewed by a qualified patent attorney before signing. Additional inventor-level assignment documents may be required by the Indian Patent Office. Dr Ananya Krishnan (Assignor/Inventor) Signature: ________________ Date: ____________________ TechSpark Innovations Pvt Ltd (Assignee) Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ DISCLAIMER: This Patent Assignment Agreement draft was generated by an AI drafting tool as a structured preparation and documentation aid only. It does not constitute legal advice and does not guarantee patent protection or enforceability. Always have this document reviewed by a qualified patent attorney before either party signs or acts upon it.