Release of Security Interest in Trademarks by Silicon Valley Bank for Connetics Corporation

Contract Categories: Business Finance › Release Agreements
Summary

Silicon Valley Bank agrees to release its security interest in certain trademark rights held by Connetics Corporation. This release pertains to trademarks previously covered under an Intellectual Property and Security Agreement dated September 24, 1998, which was recorded with the U.S. Patent and Trademark Office. The release is effective as of April 3, 2001, and is executed by a Senior Vice President of Silicon Valley Bank.

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EX-10.49 9 f79421ex10-49.txt EXHIBIT 10.49 EXHIBIT 10.49 RELEASE OF SECURITY AGREEMENT COVERING INTERESTS IN TRADEMARKS Silicon Valley Bank ("Secured Party"), hereby releases its security interest in the interests of CONNETICS CORPORATION ("Assignor") in the trademarked works set forth in that certain INTELLECTUAL PROPERTY AND SECURITY AGREEMENT dated, September 24, 1998, executed by Assignor in favor of Secured Party recorded with the United States Department of Commerce, Patent and Trademark Office on December 01, 1998, Reel 1823, Frame 0104. Dated: APRIL 3, 2001 SILICON VALLEY BANK By: /s/ D. EDWARD WOHLLEB --------------------- Name: D. Edward Wohlleb --------------------- Title: Senior Vice President ---------------------