PARTIAL RELEASE OF INTELLECTUAL PROPERTY SECURITY AGREEMENT

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EX-10.7 6 d577778dex107.htm EX-10.7 EX-10.7

Exhibit 10.7

PARTIAL RELEASE OF INTELLECTUAL PROPERTY SECURITY

AGREEMENT

THIS PARTIAL RELEASE OF INTELLECTUAL PROPERTY SECURITY AGREEMENT (this “Release”) is made as of June 25, 2013 (the “Effective Date”) by OBSIDIAN , LLC, a Delaware limited liability company, as the agent and collateral agent (in such capacity, the “Collateral Agent”), for the benefit of DIALOGIC CORPORATI ON, a British Columbia corporation (the “Company”), DIALOGIC INC., a Delaware corporation (the “Parent”), and each of the Subsidiaries of the Company and the Parent identified under the caption “Subsidiary Grantors” in the Security Agreement dated September 28, 2006, and as amended and restated on October 1, 2010 (individually, a “Subsidiary Grantor” and, collectively, the “Subsidiary Grantors” and, together with the Company and the Parent, the “Obligors”), with respect to certain intellectual property pledged under the Security Agreement (as defined below).

WHEREAS, pursuant to a Security Agreement dated as of September 28, 2006 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”; all capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Security Agreement) in favor of the Collateral Agent, the Obligors pledged, assigned and granted to the Collateral Agent a continuing security interest in all of their right title and interest in and to the Pledged Collateral (as defined in the Security Agreement), including, without limitation, the issued patents and patent applications and applications set forth on Schedule I hereto (the “Patents”), together with the goodwill associated with such Patents, and all Proceeds of any and all of the foregoing (other than Excluded Property);

WHEREAS, the Intellectual Property Security Agreement dated as of October 5, 2007 was recorded with the Patents Division of the U.S. Patent & Trademark Office on December 23, 2008, at Reel 022024 and Frame 0274, and was supplemented by (i) that certain Supplemental Intellectual Property Security Agreement dated as of October 5, 2007, and recorded with the Patents Division of the U .S. Patent & Trademark Office on October 6, 2009, at Reel 023330 and Frame 0128, and (ii) that certain Supplemental Intellectual Property Security Agreement dated as of March 22, 2012, and recorded with the Patents Division of the U.S. Patent & Trademark Office on March 26, 2012, at Reel 027931 and Frame 0001 (collectively, the “Intellectual Property Security Agreements”);

WHEREAS, the Obligors desire to enter into a transaction or series of transactions to sell certain of their assets secured by the Security Agreement (each a “Sale”) and have requested that the Collateral Agent release its security interest in the Patents;

NOW, THEREFORE, in acknowledgement that the Patents will be sold to a third party by the Obligors pursuant to one or more Sales, the Collateral Agent hereby terminates the Security Agreement and the Intellectual Property Security Agreement insofar as it relates to the Patents, and hereby terminates, cancels, re-pledges, reassigns and releases any and all security interests it has against the Patents, together with the goodwill associated with such Patents, and all Proceeds of any and all of the foregoing, without warranty or recourse.


If and to the extent the Collateral Agent has acquired any right, title or interest to any of the Patents, it hereby assigns and transfers such rights, title or interest to the Obligors.

The Collateral Agent shall take, at the sole costs and expense of the Company, all further actions, and provide to the Obligors and each of its successors, assigns or other legal representatives, all such reasonable cooperation and reasonable assistance (including, without limitation, the execution and delivery of any and all documents or other instruments), requested by the Granter to more fully and effectively effectuate the purposes of this Release.

(Signature page follows)


IN WITNESS WHEREOF, the Collateral Agent has caused this Release to be executed and delivered as of the date first above written.

 

COLLATERAL AGENT:   

OBSIDIAN, LLC

By; Tennenbaum Capital Partners, LLC, its

Sole Member

 

/s/ David Hollander

Name: David Hollander

Title: Managing Partner


[Signature Page to Partial Release of lntellectual Property Security Agreement]


Schedule I

the Patents

Issued US patents and patent application

 

PATENT NO.

  

APP. NO.

  

FILING DATE

  

ISSUE DATE

  

TITLE

7406696    10/785501    02/24/2004    07/29/2008    SYSTEM AND METHOD
            FOR PROVIDING USER
            INPUT information
            TO MULTIPLE
            INDEPENDENT,
            CONCURRENT
            APPLICATIONS
5598536    08/287775    08/09/1994    01/28/1997   

APPARATUS AND

METHOD FOR PROVINDING REMOTE USERS WITH THE SAME UNIQUE IP ADDRESSES UPON EACH NETWORK ACCESS

5812819    08/462819    06/05/1995    09/28/1998   

REMOTE ACCESS

APPARATUS AND METI-IOD WHICH ALLOW DYNAMIC

internet PROTOCOL (IP)

ADDRESS MANAGEMENT

7885272    11/258575    10/25/2005    02/08/2011   

REMOTE CONTROL OF

DEVICE BY TELEPHONE

OR OTHER COMMUNICATION DEVICES

 

1


PATENT NO.

  

APP.NO.

  

FILING DATE

  

ISSUE DATE

  

TITLE

8286190    12/006342    01/02/2008    10/09/2012   

SYSTEM AND METHOD FOR PROVIDING USER INPUT INFORMATION TO MULTIPLE INDEPENDENT

CONCURRENT

APPLICATIONS

6047327    08/602985    02/16/1996    04/04/2000   

SYSTEM FOR

DISTRIBUTING ELECTRONIC INFORMATION TO A TARGETED GROUP OF USERS

7958442    12/151709    05/08/2008    06/07/2011   

SYSTEM AND METHOD

TO PERMIT LANGUAGE INDEPENDENCE FOR WEB INTERFACES

N/A    13/097531    4/29/2011    N/A   

SYSTEM AND METHOD

TO PERMIT LANGUAGE INDEPENDENCE FOR

WEB INTERFACES

5815669    08/649208    05/17/1996    09/29/1998   

METHOD OF ROUTING

A DATA TRANSMISSION

6023470    08/649572    05/17/1996    02/08/2000   

POINT OF PRESENCE

(POP) FOR DIGITAL

FACSIMILE NETWORK WITH VIRTUAL POPS USED TO COMMUNICATE WITH OTHER NETWORKS

6393515    09/478253    01/06/2000    05/21/2002   

MULTI-STREAM

ASSOCIATIVE MEMORY

ARCHITECTURE FOR COMPUTER TELEPHONY

 

2


PATENT NO.

  

APP. NO.

  

FILING DATE

  

ISSUE DATE

  

TITLE

6034965    08/931710    09116/1997    03/07/2000   

MULTI-STREAM

ASSOCIATIVE MEMORY ARCHITECTURE FOR COMPUTER

TELEPHONY

6141329    08/984006    12/03/1997    I0/31/2000   

DUAL-CHANNEL REAL-

TIME COMMUNICATION

6631132    09/411287    10/04/1999    10/07/2003   

URGENT PACKET

TRANSMISSION

6219395    08/931218    09/16/1997    04/17/2001   

PHASE ALIGNMENT OF

FRAMES IN COMPUTER

TELEPHONY BUSSES

6515985    09/777799    02/06/2001    02/04/2003   

CONVERGENCE OF

TELEPHONE SIGNALING, VOICE ANO DATA OVER A PACKET-SWITCHED NETWORK

6278995    09/261067    03/02/1999    08/21/2001   

APPARATUS AND

METIIODFOR

PROVIDING A BINARY

RANGE TREE SEARCH

6295532    09/261061    03/02/1999    09/25/2001   

APPARATUS AND

METHOD FOR

Classifying INFORMATION RECEIVED BY A COMMUNICATIONS SYSTEM

7310342    10/400412    03/28/2003    12/18/2007   

AUTOATM-VC

DETECTION FOR ATM

NETWORK ACCESS

DEVICES

 

3


PATENT NO.

  

APP.NO.

  

FILING DATE

  

ISSUE DATE

  

TITLE

6378017    09/112253    07/08/1998    04/23/2002   

PROCESSOR

INTERCONNECTION

6952407    09/906969    07/17/2001    10/04/2005   

MINIMIZING LATENCY

WITH CONTENT-BASED

ADAPTIVE BUFFERING

6226303    09/036342    03/06/1998    05/01/2001   

DTMFTONE

DETECTION AND SUPPRESSION WITH APPLICATION TO COMPUTER TELEPHONY OVER

PACKET SWITCHED

NETWORKS

6396851    09/803675    03/09/2001    05/28/2002   

DTMFTONE

DETECTION AND SUPPRESSION WITH APPLICATION TO COMPUTER TELEPHONY OVER PACKET SWITCHED NETWORKS

6343086    08/926811    09/09/1997    01/29/2002   

GLOBAL PACKET-

SWITCHED COMPUTER NETWORK TELEPHONY SERVER

7155385    10/146742    05/16/2002    12/26/2006   

AUTOMATIC GAIN

CONTROL FOR ADJUSTING GAIN DURING NON-SPEECH PORTIONS

6757259    09/372884    08/12/1999    06/29/2004   

CONTROL OF

INTERNET BASED

VIDEO CONFERENCING

 

4


PATENT NO.

  

APP.NO.

  

FILING DATE

  

ISSUE DATE

  

TITLE

7417982    10/717438    11119/2003    08/26/2008   

HYBRIDSWITCHING

ARCHITECTURE HAVING DYNAMICALLY

ASSIGNED SWITCHING MODELS FOR CONVERGED SERVICES PLATFORM

7113580    10/780503    02/ 17/2004    09/26/2006    METHOD AND APPARATUS FOR PERFORMING CONFERENC ING SERVICES AND ECHO SUPPRESSION
6920143    09/267178    03/12/1999    07/ 19/2005   

COMPUTER

TELEPHONY SYSTEM USING MULTIPLE HARDWARE PLATFORMS TO

PROVIDE TELEPHONY SERVICES

7149287    10/346549    01/17/2003    12/12/2006   

UNIVERSAL VOICE

BROWSER

FRAMEWORK

5459781    08/180883    01112/1994    10/17/1995   

SELECTIVELY

ACTIVATED DUAL TONE MULTI- FREQUENCY DETECTOR

5825854    08/787319    01/24/1997    10/20/1998   

TELEPHONE ACCESS

SYSTEM FOR ACCESSING A COMPUTER THROUGH A TELEPHONE HANDSET

 

5


PATENT NO.

  

APP. NO.

  

FILING DATE

 

ISSUE DATE

  

TITLE

6542584    09/144186    08/31/1998   04/01/2003   

DIGITAL TELEPHONE

SYSTEM WITH

AUTOMATIC VOICE MAIL REDIRECTION

6438224    091190978    11/12/1998   08/20/2002    TONE DETECTION
7298830    09/798377    03/02/2001   11/20/2007   

TELEPHONE AND

WIRELESS ACCESS TO COMPUTER NETWORK-

BASED AUDIO

7174006    09/883757    06/18/2001   02/06/2007   

METHOD AND SYSTEM

OF VOICEXML INTERPRETING

6829335    09/965903    09/28/2001   12/07/2004    CALL HANDLING FOR MULTIPLE USERS OF AN AUTOMATED ATTENDANT
7095827    10/215922    08/09/2002   08/22/2006   

BROADCASTING AND CONFERENCING IN A

DISTRIBUTED ENVIRONMENT

Issued foreign patents and patent applications

 

PATENT NO.

  

APP.NO.

  

FILING DATE

  

PUBLICATION DATE

  

TITLE

CA2197218    CA2197218    07/14/1995    2/22/1996   

APPARATUS AND

METHOD FOR PROVINDING

REMOTE USERS WITH THE SAME UNIQUE IP ADDRESSES UPON EACH NETWORK

ACCESS

FR077541 l    EP1995926294    07/14/1995    11/21/2001   

APPARATUS AND

METHOD FOR

PROVIDING

REMOTE USERS WITH

 

6


                    THE SAME UNIQUE
IP ADDRESSES
UPON EACH
NETWORK ACCESS

DE0775411

   EP1995926294    07/14/1995    11121/2001   

APPARATUS AND

METHOD FOR

PROVINDING

REMOTE USERS WITH THE SAME UNIQUE IP ADDRESSES UPON EACH NETWORK ACCESS

UK0775411

   EP1995926294    07/14/1995    11/21/2001   

APPARATUS AND

METHOD FOR

PROVINDING

REMOTE USERS WITH THE SAME UNIQUE IP ADDRESSES UPON EACH NETWORK ACCESS

CA2223434

   CA2223434    04/04/1996    2/20/2001   

REMOTE ACCESS APPARATUS AND

METHOD WHICH

ALLOW DYNAMIC INTERNET PROTOCOL (IP) ADDRESS MANAGEMENT

N/A

   CA2627026    10/24/2006    05/03/2007   

REMOTE CONTROL

OF DEVICE BY

TELEPHONE OR OTHER COMMUNICATION DEVICES

NIA

   EP1989866    10/24/2006    11/12/2008   

REMOTE CONTROL

OF DEVICE BY

TELEPHONE OR

OTHER COMMUNICATION DEVICES

NI-190314

   90119270    08/07/2001    04/21/2003   

CONVERGENCE OF

TELEPHONE SJGNALING, VOICE AND DATA OVER A

 

7


                    PACKET-SWITCHED
NETWORK

N/A

   EP1124387    02/07/2001    08/ 16/2001   

CONVERGENCE OF

TELEPHONE

SIGNALING, VOICE AND DATA OVER A PACKET-SWITCHED NETWORK

CA2334472

   CA2334472    02/07/2001    10/26/2010   

CONVERGENCE OF

TELEPHONE SIGNALING, VOICE ANDDATAOVERA PACKET-SWITCHED NETWORK

SG90926

   200204704-1    02/08/2001   

09/30/2004

  

CONVERGENCE OF TELEPHONE SIGNALING, VOICE AND DATA OVER A PACKET-SWITCHED NETWORK

 

8