Contract Categories: Business Finance - Security Agreements
EX-10.20 9 d366503dex1020.htm EX-10.20 EX-10.20

Exhibit 10.20


This Intellectual Property Security Agreement is entered into as of July 18, 2013, between COMERICA BANK (“Bank”) and VIOLIN MEMORY, INC., a Delaware corporation (“Grantor”).


A. Bank has agreed to make certain advances of money and to extend certain financial accommodations to Grantor (the “Loans”) in the amounts and manner set forth in that certain Loan and Security Agreement by and between Bank and Grantor dated of even date herewith (as the same may be amended, modified or supplemented from time to time, the “Loan Agreement”). Capitalized terms used herein are used as defined in the Loan Agreement.

B. Bank is willing to make the Loans to Grantor, but only upon the condition, among others, that Grantor shall grant to Bank a security interest in certain Copyrights, Trademarks and Patents to secure the Obligations.

C. Pursuant to the terms of the Loan Agreement, Grantor has granted to Bank a security interest in all of Grantor’s right, title and interest, whether presently existing or hereafter acquired, in, to and under all of the Collateral.

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound, as collateral security for the prompt and complete payment when due of the Obligations, Grantor hereby represents, warrants, covenants and agrees as follows:


To secure the Obligations, Grantor grants and pledges to Bank a security interest in all of Grantor’s right, title and interest in, to and under its Intellectual Property Collateral (including without limitation those Copyrights, Patents and Trademarks listed on Exhibits A, B and C hereto), and including without limitation (with respect to Intellectual Property Collateral owned by Grantor), all proceeds thereof (such as, by way of example but not by way of limitation, license royalties and proceeds of infringement suits), the right to sue for past, present and future infringements, all rights corresponding thereto throughout the world and all re-issues, divisions continuations, renewals, extensions and continuations-in-part thereof.

This security interest is granted in conjunction with the security interest granted to Bank under the Loan Agreement. The rights and remedies of Bank with respect to the security interest granted hereby are in addition to those set forth in the Loan Agreement and the other Loan Documents, and those which are now or hereafter available to Bank as a matter of law or equity. Each right, power and remedy of Bank provided for herein or in the Loan Agreement or any of the Loan Documents, or now or hereafter existing at law or in equity shall be cumulative and concurrent and shall be in addition to every right, power or remedy provided for herein and the exercise by Bank of any one or more of the rights, powers or remedies provided for in this Intellectual Property Security Agreement, the Loan Agreement or any of the other Loan Documents, or now or hereafter existing at law or in equity, shall not preclude the simultaneous or later exercise by any person, including Bank, of any or all other rights, powers or remedies.

Grantor represents and warrants that Exhibits A, B, and C attached hereto set forth any and all intellectual property rights that, as of the date hereof, Grantor has registered or filed an application with either the United States Patent and Trademark Office or the United States Copyright Office, as applicable.

[Signatures on following page]

IN WITNESS WHEREOF, the parties have caused this Intellectual Property Security Agreement to be duly executed by its officers thereunto duly authorized as of the first date written above.


Address of Grantor:         GRANTOR:

Violin Memory, Inc.

685 Clyde Ave.

Mountain View, CA 94043


Attn: CFO

Fax: 1 ###-###-####

   By:     /s/ Donald Basile
   Name:     Donald Basile
   Title:    CEO
Address of Bank:       BANK:

Comerica Bank

M/C 7578


39200 Six Mile Rd.

Livonia, MI 48152

Attn: National Documentation Services

   By:     /s/ Jeff Lee
   Name:     Jeff Lee
with a copy to:    Title:    VP

Comerica Bank

226 Airport Parkway, Suite 100

San Jose, CA 95110

Attn: Jeff Lee

Fax: (408) 451-8568


[Signature Page to Intellectual Property Security Agreement (Violin Memory, Inc.)]





   Reg. No.    Reg. Date


   TXu001804728    4/05/12


   TXu001804753    4/5/12





   App. No.    Filing Date    Reg. No.    Date Granted

Method and system for storage of data in non-volatile media

   12/273410    11/18/08    8,452,929    5/28/13

Efficient reloading of data into cache resources

   12/889732    9/24/10    8,443,150    5/14/13

Storage proxy with virtual ports configuration

   12/855651    8/12/10    8,442,059    5/14/13

System for maintaining coherency during offline changes to storage media

   12/794057    6/4/10    8,417,895    4/9/13

System for increasing storage media performance

   12/759604    4/13/10    8,417,871    4/9/13

Alignment adjustment in a tiered storage system

   12/869604    8/26/10    8,402,246    3/19/13

Mapping engine for a storage device

   12/790255    5/28/10    8,402,198    3/19/13

Efficient use of hybrid media in cache architectures

   12/650966    12/31/09    8,397,016    3/12/13

Dynamic performance virtualization for disk access

   12/616705    11/11/09    8,285,961    10/9/12

Storage device prefetch system using directed graph clusters

   12/605119    10/23/09    8,214,599    7/3/12

Fibre channel proxy

   12/568612    9/28/09    8,160,070    4/17/12

Mesosynchronous data bus apparatus and method of data transmission

   12/245349    10/3/08    8,112,655    2/7/12

Skew management in an interconnection system

   12/946164    11/15/10    8,090,973    1/13/12

Skew management in an interconnection system

   11/975269    10/17/07    8,028,186    9/27/11

Method and apparatus for efficient TCP connection handoff

   11/966811    12/28/07    7,877,490    1/25/11



   App. No.    Filing Date    Reg. No.    Date Granted

Method for efficient delivery of clustered data via adaptive TCP connection migration

   11/845679    8/27/07    7,565,446    7/21/09

Scalable parallel processing on shared memory computers

   10/293791    11/12/02    7,454,749    11/18/08

Memory Management System and Method

   12/079364    3/26/08    8,200,887    6/12/12

Method and System for Processing Data Having a Pattern of Tepeating Bits

   10/956377       7,554,464    6/30/09

Fast Compression Method for Scientific Data

   12/485873    3/15/2011    7,907,069    3/15/11

Behavioral Monitoring of Storage Systems

   12/605160    10/23/09    8,214,608    7/3/12

System and method for correcting errors in data using a compound code

   13/624282    9/21/12    n/a    n/a

Interconnection system

   13/443324    4/10/12    n/a    n/a

RAIDed memory system

   13/546346    7/11/12    n/a    n/a

Flash disk array and controller

   13/546179    7/11/12    n/a    n/a

Reliable and fast method and system to broadcast data

   12/957967    12/1/10    n/a    n/a

Skew management in an interconnection system

   13/305373    11/28/11    n/a    n/a

Configurable interconnection system

   12/976735    12/22/10    n/a    n/a

Cluster control protocol

   12/619609    11/16/09    n/a    n/a

Memory power management

   12/199386    8/27/08    n/a    n/a

Method and apparatus for providing high-performance and highly-scalable storage acceleration

   11/365474    2/28/06    n/a    n/a

Interconnection system

   11/405083    4/17/06    n/a    n/a





   App. No.    Filing Date    Reg. No.    Reg. Date


   85/748211    10/8/12    n/a    n/a


   85/599745    4/17/12    n/a    n/a


   85/599743    4/17/12    n/a    n/a


   85/242430    2/15/11    n/a    n/a


   85/228844    1/28/11    n/a    n/a


   85/192451    12/7/10    n/a    n/a


   77/864342    11/3/09    3,958,851    5/10/11


   77/809268    8/20/09    3,932,934    3/15/11


   77/662396    2/3/09    3,926,201    3/1/11


   77/658830    1/28/09    4,276,013    1/15/13

VIOLIN (and Design)

   77/158280    4/17/07    3,554,757    12/30/08


   77/158276    4/17/07    3,554,756    12/30/08


   77/158269    4/17/07    3,825,490    7/27/10


   77/043013    11/13/06    3,436,846    5/27/08


   78/843600    3/22/06    3,366,994    1/8/08