Intellectual Property Security Agreement between AMX Corporation and Bank One, NA (2002)
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Summary
AMX Corporation and Bank One, NA entered into this agreement on September 30, 2002, to grant the bank a security interest in AMX's intellectual property, including copyrights, patents, trademarks, and related rights. This serves as collateral for loans provided by the bank under a separate loan agreement. The agreement allows the bank to record its security interest with the U.S. Patent and Trademark Office and the Copyright Office. If AMX defaults on the loan, the bank has rights to the intellectual property listed in the agreement.
EX-10.7 9 dex107.txt INTELLECTUAL PROPERTY SECURITY AGREEMENT EXHIBIT 10.7 INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement dated September 30, 2002 is between AMX Corporation, a Texas corporation ("Grantor") and Bank One, NA ("Bank"). RECITALS A. Pursuant to and subject to the terms and conditions set forth in that certain Letter Loan Agreement (the "Loan Agreement") dated the date hereof between Grantor and Bank, Bank has agreed to make advances to Grantor ("Loans"). B. The Loans are secured (the "Liens") by all of Grantor's assets pursuant to, among other documents, that certain Security Agreement dated the date hereof executed by Grantor to Bank (the "Security Agreement") and such collateral includes, without limitation, all of Borrower's Copyrights, Trademarks, Patents, and Mask Works (each as defined in the Loan Agreement and in the Security Agreement) and other intellectual property (the "Intellectual Property Collateral"). C. Grantor and Bank desire to enter into this agreement for the purpose of placing notice of Bank's Liens of record in the registry of the United States Patent and Trademark Office and the United States Copyright Office (a division of the Library of Congress). AGREEMENT Grantor has granted and hereby grants Bank a security interest in all of its right, title and interest in its Intellectual Property Collateral (such as the Copyrights, Patents, Trademarks and Mask Works listed on Schedules A, B, C and D respectively), and all proceeds (such as license royalties and proceeds of infringement suits), the right to sue for past, present and future infringements rights throughout the world and all reissues, divisions, continuations, renewals, extensions and continuations-in-part. This security interest is granted in conjunction with the security interest granted under the Loan Agreement and the Security Agreement. Bank's rights and remedies in the security interest are in addition to those set forth in the Loan Agreement, the Security Agreement and the other Loan Documents, and those available in law or equity. Bank's rights powers and interests are cumulative with every right, power or remedy provided here. Bank's exercise of its rights, powers or remedies in this Agreement, the Loan Agreement, the Security Agreement or any other Loan Document, does not preclude the simultaneous or later exercise of any or all other right, power or remedy.
1 EXHIBIT A COPYRIGHTS MATTER NAME FILING DATE: REGISTRATION NO. - ------------------------------------------------------------------------ COPYRIGHT: SYNERGY 2 SERVER Aug. 4, 1997 TXU 814-586 - ------------------------------------------------------------------------ COPYRIGHT: SYNERGY 2 CLIENT Aug. 4, 1997 TXU 814-587 - ------------------------------------------------------------------------ 1 EXHIBIT B PATENTS
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5 EXHIBIT C TRADEMARKS
1 EXHIBIT D MASK WORKS None. 2
