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EXHIBIT 2.1
PATENT ASSIGNMENT AGREEMENT*
This PATENT ASSIGNMENT AGREEMENT (the "Agreement"), dated as of October
25, 1997 (the "Effective Date"), is by and between Syntellect Technology
Corporation, an Arizona corporation having its principal place of business at
00000 Xxxxx 00xx Xxxxxx, Xxxxxxx, Xxxxxxx ("STC"), Syntellect Inc. a Delaware
corporation having its principal place of business at 0000 Xxxxxxxx Xxxxx
Xxxxxxx, Xxxxx 000X, Xxxxxxx XX 00000 ("Syntellect"), and Aspect
Telecommunications Corporation, a California corporation having its principal
place of business at 0000 Xxx Xxxxx, Xxx Xxxx, Xxxxxxxxxx ("Aspect").
RECITALS
WHEREAS, STC and Syntellect individually own certain patents
and patent applications and patent license agreements, and desire to assign all
such patents and applications and patent license agreements related to such
assigned patents and future revenues from such license agreements to Aspect; and
WHEREAS, Aspect desires to purchase all such patents and
pending patent applications and rights under such license agreements as
hereinafter provided;
NOW, THEREFORE, in view of the mutual covenants,
representations, warranties, and other terms and conditions contained herein,
the parties hereto agree as follows:
AGREEMENT
1. DEFINITIONS
As used in this Agreement:
1.1 "Affiliates," as to an entity, means entities that control,
are controlled by, or are under common control with such entity. "Control" of an
entity means (i) ownership directly or indirectly of forty percent (40%) or more
of the voting equity or, in the case of a noncorporate entity, equivalent
interests, or (ii) if such entity is in a country that limits the ownership
permitted for foreign companies, exercise of management control through
management agreements or otherwise.
1.2 "Inventor" means Xxxxxxx X. Xxxxxxxxxxx, one of the inventors
named in certain of the Patents.
1.3 "Patents" means the patents and pending patent applications
that are assigned or assignable to, or otherwise owned by, STC or Syntellect as
of the Effective Date, together with any continuation, continuation-in-part,
divisional, reissue, reexamination, extension, and substitution patents and
patent applications relating to such patents and patent applications, including
foreign counterparts thereof and any equivalents thereof. All such patents and
pending patent applications are set forth in Schedule A hereto. In the event
that any Patents falling within this definition are inadvertently or otherwise
omitted from Schedule A, the parties will amend Schedule A to correct such
omission and any such omitted Patents will be covered by the terms of this
Agreement.
1.4 "Competitor of Aspect" means Lucent Technologies, Inc.;
Rockwell International Corp.; Northern Telecom Ltd. (Nortel); Davox Corporation;
Genesys Telecommunications Corporation; GeoTel Communications Corporation;
Siemens A.G.; and their respective Affiliates.
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*Portions of this agreement are confidential and have been omitted and
filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment in accordance with Rule 24b-2 under the
Securities Exchange Act of 1934, as amended. Where information has been deleted
an '*OE' has been inserted to indicate that information has been omitted.
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2. ASSIGNMENT
2.1 STC and Syntellect hereby assign and to Aspect all of their
respective right, title, and interest in and to the Patents, said Patents to be
held and enjoyed by Aspect, its successors, assigns, and licensees, to the full
extent of the terms for which patents may be granted, as fully and entirely as
the same would have been held and enjoyed by STC and Syntellect had this
assignment not been made. STC's and Syntellect's right, title, and interest
which are hereby assigned to Aspect, include, but are not limited to, the sole
right to enforce, license and bring actions for infringement of, the Patents,
including but not limited to the right to bring actions for damages or other
remedies for, and to obtain judgments or enter into settlements relating to,
past (occurring prior to the Effective Date), present, or future infringement of
any of the Patents.
2.2 STC and Syntellect hereby assign to Aspect all right, title
and interest in and to all license, royalty or other revenues of any kind
relating to the Patents that accrue after the Effective Date, except as provided
herein. STC and Syntellect expressly assign to Aspect their rights under all of
the Agreements listed in Section 5.1(i) (the "Patent License Agreements").
2.3 Cooperation.
a. STC and Syntellect shall, whenever Aspect reasonably so
requests, execute all papers and documents, provide its employees to
take all lawful oaths and provide evidence, and provide all other
cooperation reasonably requested by Aspect for the procurement,
maintenance, enforcement, and defense of the Patents (including without
limitation any such cooperation in connection with the prosecution of
the patent applications included among the Patents and in connection
with actions for infringement of the Patents), without charge to
Aspect, except that Aspect shall pay the actual reasonable out-of
pocket costs and expenses incurred by STC and Syntellect in engaging in
the cooperation requested by Aspect. STC and Syntellect shall, if
required as an indispensable party under the Federal Rules of Civil
Procedure then in effect, join as a party in any litigation to procure,
maintain, enforce, or defend the Patents. Except for litigation against
Boston Technology, Comverse Technologies, Inc., Brooktrout Technology,
Inc. and Toshiba America Information Systems, Inc. and their successors
in interest described in Sections 2.1 and 2.3(f), such participation in
litigation shall be at Aspect's expense, including attorney's fees,
except that if Syntellect or STC retains separate counsel, it shall be
at Syntellect's or STC's expense.
b. Within two business days of the Effective Date, STC and
Syntellect will execute and deliver by overnight delivery to Aspect,
forms of Patent Assignment suitable for filing with the United States
Patent and Trademark Office, for each of the Patents currently issued
by such office. Such filing costs will be at Aspect's expense. On or
after the Effective Date, STC and Syntellect shall take all other steps
reasonably requested by Aspect to perfect and evidence the assignments
made hereunder.
c. The parties anticipate that the Inventor may execute an
Inventor Cooperation Agreement with Aspect. If this occurs, STC and
Syntellect will cooperate with the Inventor, will provide him with all
reasonable assistance in the performance of his duties pursuant to such
agreement, and will authorize him to provide information and materials,
and otherwise engage in activities related to the Patents, as
reasonably requested by Aspect. STC and Syntellect shall have no
obligation to make any payments to or cover any expenses of the
Inventor except as provided in Section 2.3(g) below and in any written
agreements between Syntellect and the Inventor. In the event the
Inventor is incapable of performing the duties requested by Aspect,
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STC and Syntellect will use good faith efforts to have another of the
named inventors on the Patents selected by Aspect enter into a
cooperation or consulting agreement with Aspect, provided that
Syntellect and STC shall not be required to make any payments to or
cover any expenses of such persons.
d. STC and Syntellect shall use good faith efforts to cause
any current or former employee or contractor to provide any cooperation
reasonably requested by Aspect, including without limitation any
cooperation of the type contemplated for STC or the Inventor, provided
that Syntellect and STC shall not be required to make any payments to
or cover any expenses of such persons.
e. With respect to STC's past, present and future claims
against *OE (and a contemplated suit against *OE ), and their
successors in interest, Aspect shall, if required as a necessary or
indispensable party under the Federal Rules of Civil Procedure then in
effect, join said lawsuit(s), provided that STC or Syntellect shall
continue to pay all costs and expenses associated with said lawsuits.
f. Notwithstanding Section 2.1, with respect to *OE (the
"Identified Companies") , Syntellect and STC shall have absolute
control over and the sole right to bring and settle claims or lawsuits
arising from conduct that occurred prior to the Effective Date,
including but not limited to the right to bring actions for damages or
other remedies for, and to obtain judgments or enter into settlements,
including for past infringement of any of the Patents or any breach of
contract, relating to such conduct. *OE
g. Aspect agrees to forward to Syntellect, for a period of one
year following the Effective Date, a sum equal to eight and one half
percent (8.5%) of royalties received by Aspect from entities (other
than the Identified Companies) having licenses to any of the Patents as
of the Effective Date, less 8.5% of any legal fees and expenses (other
than payments under Section 2.3(h)) expended to collect such royalties.
Such payments shall be made fifteen days following Aspect's quarterly
financial closing. Aspect also agrees to forward to Syntellect, fifteen
days following Aspect's quarterly financial closing, a report of all
royalties received during the previous quarter, and all legal fees and
expenses paid in connection with, any licenses of the Patents whether
or not such licenses were in effect as of the Effective Date, for a
period of one year following the Effective Date. Aspect grants to
Syntellect, following the close of such one year period, the right to
audit the revenues and expenses described in this Section, at
Syntellect's expense.
h. Aspect agrees to pay the law firm of Xxxxx & Xxxxx the sum
of $750,000 and Syntellect agrees to pay Xxxxx & Xxxxx $330,000 in
exchange for a General Release of Aspect and a complete release of any
Security Interest in the Patents, the Patent license agreements
transferred to Aspect, and revenues therefrom. Syntellect agrees to
continue to retain Xxxxx & Xxxxx under the same terms as its current
contingent fee agreement (other than the security interest) with
respect to the Identified Companies.
i. The Inventor, Illinois Information Technology Corporation,
and Aspect have entered into a Mutual Release, a copy of which is
attached hereto as Schedule B.
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* Omitted and filed separately with the Securities and Exchange Commission
pursuant to a request for confidential treatment.
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j. The parties will provide one another, at the requesting
party's expense, information concerning the status of any litigation
involving the scope or validity of the Patents, and will attempt to
agree on positions taken on such issues in future or pending
litigation. No party to this Agreement will stipulate, consent or agree
that any claim in any Patent is invalid or unenforceable.
3. LICENSE
On the Effective Date, the parties will execute the license of the
Patents set forth in Schedule C (the "Patent License").
4. CONSIDERATION
In consideration for the assignments in Section 2 and the other terms
and conditions of this Agreement, Aspect will make the payments to STC set forth
in subsections 4.1 and 4.2 below:
4.1 Initial Payment.
On the first business day following the Effective Date, Aspect will pay
STC FIVE MILLION DOLLARS ($5,000,000.00), in cash by wire transfer of federal
funds to the account of Syntellect Inc. at NationsBank, 000 Xxxxxxxxx XX,
Xxxxxxx, XX 00000-0000, ABA No. 000000000, Account No. 0106055149.
4.2 Promissory Note.
On the Effective Date, Aspect will execute a Promissory Note in the
form attached hereto as Schedule D and a Security Agreement in the form of
Schedule E, and a Financing Statement in the form of Schedule F.
4.3 *OE
4.4 In the event that STC or Syntellect re-acquires title to any
of the Patents pursuant to this Agreement, Aspect shall retain a fully paid up,
non-exclusive, worldwide non-transferable license under any such Patents which
are re-acquired by STC or Syntellect.
5. REPRESENTATIONS AND WARRANTIES
5.1 STC and Syntellect hereby represent and warrant as of the
Effective Date as follows:
a. STC is a corporation duly organized, validly existing, and
in good standing under the laws of Arizona and has its principal place
of business at the location set forth above. Syntellect is a
corporation duly organized, validly existing, and in good standing
under the laws of Delaware and has its principal place of business at
the location set forth above.
b. The execution, delivery, and performance of this Agreement,
the Patent License, the Patent Assignments, and the Security Agreement
by STC and Syntellect: (i) are within their corporate power, (ii) have
been duly authorized, executed and delivered by all necessary corporate
action on STC's and Syntellect's part, (iii) are valid and binding
legal obligations of STC and Syntellect; and (iv) do not and will not
contravene or constitute a default under, and are not and will not be
inconsistent with, any law or regulation, any judgment, decree or
order, or
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* Omitted and filed separately with the Securities and Exchange Commission
pursuant to a request for confidential treatment.
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any material contract, agreement, or other undertaking applicable to
STC, Syntellect, the Patents or any of the Patent License Agreements.
c. STC or Syntellect owns all right, title and interest in and
to the Patents, except as provided in Section 5.1(i). The Patents
listed in Schedule A constitute all the patents and pending patent
applications assigned or assignable to or otherwise owned or controlled
by STC or Syntellect as of the Effective Date of this Agreement. In the
event that either party determines that any such patents or patent
applications have been omitted from Schedule A, STC or Syntellect will
promptly amend Schedule A to correct the omission and will execute
additional Patent Assignments for any such omitted Patents. Within (5)
business days of the Effective Date, STC and Syntellect will provide to
Aspect copies of all such patents and patent applications and the
prosecution file histories of all such patents and patent applications
in their possession. To the actual knowledge of Syntellect and STC,
there has been no previous sale, transfer, assignment or other grant of
rights under any patents or patent applications owned by, assigned to
or assignable to STC or Syntellect other than the Patent License
Agreements described in Subparagraph 5.1(i).
d. To the actual knowledge of Syntellect and STC, the Patents
and Patent License Agreements are free and clear of all liens,
encumbrances, and security interests of every kind, except as provided
in Section 5.1(i).
e. To the actual knowledge of Syntellect and STC, the practice
of the inventions described in the Patents does not necessarily
infringe, and will not require any payment to STC, Syntellect, Dytel,
Inc. or to any inventor(s) named in the Patents, with respect to any
other patents owned or controlled by such entities or inventors, or
claims of patent applications that such inventors, STC, Syntellect or
their Affiliates have made or contemplate making as of the Effective
Date (collectively, "Other Patents"). The foregoing means that to the
actual knowledge of Syntellect and STC, Aspect and its successors,
assigns, and licensees may practice the inventions described in the
Patents without infringing any Other Patents.
f. To the actual knowledge of Syntellect and STC, there is no
pending or threatened claim that the practice of the inventions
described in the Patents infringes any patents or patent applications
of any third party.
g. To the actual knowledge of Syntellect and STC, the
inventions and discoveries described in the Patents were made solely by
the inventor(s) named in the Patents, without misappropriation of any
trade secrets, confidential information, or other rights of any other
person, including, without limitation, any of STC's, Syntellect's or
such inventor's current or former employers, clients, partners, or
contract parties. To the actual knowledge of Syntellect and STC, no
other party has any ownership rights with respect to any such
inventions or to the Patents.
h. To the actual knowledge of Syntellect and STC, there is no
(i) pertinent uncited prior art, any sale or offer of sale, or any
public use that invalidates any claim of the Patents; (ii) inequitable
conduct or breach of the duty of candor owed to the U.S. Patent and
Trademark Office (or equivalent office in any other jurisdiction) with
respect to any of the Patents; or (iii) other fact that makes any claim
in the Patents currently invalid or unenforceable.
i. The only licenses that have been granted with respect to
any of the Patents were granted to Active Voice Corporation, Applied
Voice Technology, Inc., Aurora Systems, Inc.,
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Boston Technology, Brooktrout Technology, Inc., CallWare Technologies,
Inc., Centigram Communications Corp., Cobotyx Corporation, Inc.,
Comdial Corporation, Dialogic Corporation, Digital Sound Corporation,
Executone Information Systems, Inc., Genesis Electronics Corporation,
Interface Strategies, Inc., Intervoice Inc., Matsushita Electric
Industrial Co., Ltd., MicroVoice Corporation, Tadiran
Telecommunications, Apropos Technology, Inc. (also known as Teledata
Solutions), Toshiba America Information Systems, Inc., VMX, Inc.,
Vodavi Technology, Inc., Voice Corporation and Voysys Corporation, and
complete and correct copies of all such license agreements and
amendments thereto and assignments thereof (the Patent License
Agreements) have been provided to Aspect prior to the Effective Date.
5.2 Aspect hereby represents and warrants as of the Effective Date
as follows:
a. Aspect is a corporation duly organized, validly existing,
and in good standing under the laws of the State of California and has
its principal place of business at the location set forth above.
b. The execution, delivery, and performance of this Agreement,
the Patent License, the Promissory Note, the Security Agreement and the
Financing Statement by Aspect: (i) are within its corporate powers;
(ii) have been duly authorized, executed and delivered by all necessary
corporate action on Aspect's part; (iii) are valid and binding legal
obligations of Aspect; and (iv) do not and will not contravene or
constitute a default under, and are not and will not be inconsistent
with, any law or regulation, any judgment decree or order, or any
material contract, agreement, or other undertaking applicable to
Aspect.
6. DISPUTE RESOLUTION
6.1 Arbitration. Any controversy or claim arising out of or
relating to Section 4.3 of this Agreement will be finally settled by compulsory
arbitration in accordance with the Commercial Arbitration Rules of the American
Arbitration Association ("AAA") and this Section 6, except as set forth in
Section 6.4.
6.2 Selection of Arbitrators; Proceedings. To initiate
arbitration, any party to this Agreement (a "Party") will file the appropriate
notice with an office of the AAA having jurisdiction. The arbitration proceeding
will take place in Chicago, Illinois. The arbitration panel will consist of 3
arbitrators, one arbitrator appointed by each of Syntellect and Aspect within 30
days after the respondent receives notice of the filing of the arbitration and a
third neutral arbitrator appointed only by the two arbitrators designed by the
parties. If the two arbitrators selected by the parties do not agree to the
selection of the third arbitrator within 90 days after the filing of the
arbitration, the AAA shall then present a list of at least 30 potential
arbitrators with established experience in patent related contract disputes from
its nationwide list to the two Party-appointed arbitrators. The two
Party-appointed arbitrators shall select the third arbitrator from this list. If
a third arbitrator is not agreed to within 28 days of receipt of the list, the
AAA shall appoint the neutral arbitrator without input from the parties. Any
communication between a Party and the neutral arbitrator will be directed to the
AAA for transmittal to the arbitrator. The parties may communicate with their
appointed arbitrator at any time.
6.3 Arbitral Award. The arbitral award will be the exclusive
remedy of the parties for all claims, counterclaims, issues or accountings
presented or pleaded to the arbitrators. The award will (i) be granted and paid
in U.S. dollars exclusive of any tax, deduction or offset and (ii) include
interest from the date that the award is rendered until it is fully paid,
computed at the rate of 18% per annum. Judgment upon the arbitral award may be
entered in any court that has jurisdiction thereof. Any
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additional costs, fees or expenses incurred in enforcing the arbitral award will
be charged against the Party that resists its enforcement.
6.4 Injunctive Relief. Nothing in this Section will prevent either
Party from seeking interim injunctive relief or filing an action against the
other Party in the courts having jurisdiction over it in order to enforce an
arbitral award granted pursuant to a proceeding under this Section 6.
7. DEFENSE AND INDEMNIFICATION
7.1 Aspect agrees to have its counsel defend STC and Syntellect,
at Aspect's expense, with respect to any counterclaims, cross-complaints, or
equivalent responsive pleadings against STC and Syntellect that could not have
been brought but for the fact that Syntellect or STC is joined as an
indispensable or necessary party in any lawsuit pursuant to Section 2.3(a)
hereof. Aspect further agrees that if it and STC or Syntellect is found jointly
or jointly and severally liable with Aspect for damages on a claim that could
not have been brought but for the fact that Syntellect or STC is joined as an
indispensable or necessary party pursuant to Section 2.3(a) hereof, Aspect will
settle, appeal or satisfy such monetary judgment so as to protect Syntellect and
STC from having to pay any portion of such a judgment. If Syntellect or STC
retains separate counsel, or if STC or Syntellect is held liable for monetary
damages for which Aspect is not jointly liable, Aspect shall have no obligation
to pay for such costs of counsel or judgment, except as stated in the following
sentence. If a conflict of interest arises that prevents counsel for Aspect from
simultaneously representing Syntellect or STC, then Aspect shall be obliged to
pay the reasonable costs of separate counsel for the defense of claims covered
under this Section.
7.2 Syntellect and STC agree to have their counsel defend Aspect,
at STC and Syntellect's expense, with respect to any counterclaims,
cross-complaints, or equivalent responsive pleadings against Aspect that could
not have been brought but for the fact that Aspect is joined as an indispensable
or necessary party in any lawsuit pursuant to Section 2.3(e) or (f) hereof. STC
and Syntellect respectively further agree that if either of them is found
jointly or jointly and severally liable with Aspect on a claim that could not
have been brought but for the fact that Aspect is joined as an indispensable or
necessary party pursuant to Section 2.3(e) or (f) hereof, that STC or Syntellect
will settle, appeal or satisfy such monetary judgment so as to protect Aspect
from having to pay any portion of such a judgment. If Aspect retains separate
counsel, or is held liable for monetary damages for which neither STC nor
Syntellect is jointly liable, STC and Syntellect shall have no obligation to pay
such costs of counsel or judgment, except as stated in the following sentence.
If a conflict of interest arises that prevents counsel for Syntellect and STC
from simultaneously representing Aspect, then Syntellect and STC shall be
obliged to pay the reasonable costs of separate counsel for the defense of
claims covered under this Section.
7.3 Nothing in the previous two paragraphs is intended to create a
duty to defend or indemnify another party for its acts or omissions unrelated to
the Patents and associated license agreements or for its acts or omissions prior
to the Effective Date.
8. MISCELLANEOUS
8.1 This Agreement, together with the Schedules hereto, which are
hereby incorporated by reference herein, contains the entire agreement and
understanding of the parties with respect to the terms of the assignment of the
Patents, and supersedes and merges all prior and contemporaneous understandings
and agreements between the parties, whether written or oral, on that subject.
Each party acknowledges that, in entering into this Agreement, such party has
not relied on any representation,
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warranty, understanding, or agreement except as expressly set forth herein. This
Agreement shall not be modified other than in a writing signed by all parties.
8.2 Any waiver of any obligation under this Agreement must be in
writing. The failure of either party to enforce at any time any provision of
this Agreement shall not be construed to be a waiver of such provision or any
other provision, and shall not affect the right of such party to enforce such
provision or any other provision. No waiver of any breach hereof will be
construed to be a waiver of any other breach.
8.3 This Agreement and the rights and obligations of the parties
hereunder may not be assigned or delegated, whether voluntarily, by operation of
law, or otherwise by either party to this Agreement without the prior written
consent of the other party, except that a party may assign the Agreement
together with all of its rights and obligations hereunder as part of a sale of
all or substantially all of the business of such party, provided that (a) the
assignee agrees in writing to all the terms and conditions of this Agreement to
the same extent as the party making the assignment, and (b) assignment of the
Patent License, and any rights thereunder, is subject to the conditions set
forth therein. Subject to the foregoing, the respective obligations of the
parties hereto shall bind, and the respective rights of the parties shall inure
to the benefit of, the parties' respective assigns and successors.
8.4 The parties agree that this Agreement will be governed by and
construed in accordance with the Patent laws of the United States, as to patent
matters, and the State of Delaware, as to contract matters, without reference to
its conflicts of laws principles.
8.5 If for any reason a provision of this Agreement, or portion
thereof, is finally determined to be unenforceable under applicable law, that
provision, or portion thereof, shall nonetheless be enforced, as to
circumstances, persons, places, and otherwise, to the maximum extent permissible
by applicable law so as to give effect to the intent of the parties, and the
remainder of this Agreement shall continue in full force and effect.
8.6 The headings and captions used in this Agreement are for
convenience only and shall not be considered in construing or interpreting this
Agreement.
8.7 This Agreement has been negotiated by all parties, and each
party has been advised by competent legal counsel. This Agreement shall be
interpreted in accordance with its terms and without any construction in favor
of or against any party.
8.8 This Agreement may be executed in counterparts, each of which
will be deemed an original, but which collectively will constitute one and the
same instrument. Thereafter, for convenience, such counterparts will be signed
by all parties, with one original to be retained by each of the parties.
8.9 The parties agree to take such further actions, and to execute
and record such additional documents, as may be necessary to accomplish the
transactions contemplated under this Agreement.
9. NOTICE.
Any notices pursuant to this Agreement shall be made to the following
persons, or to their successors or designees and shall be deemed given three
business days following deposit in U.S. first class mail or overnight delivery
service:
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To Aspect: To Syntellect and STC:
Chief Executive Officer Chief Executive Officer
Aspect Telecommunications Corp. Syntellect, Inc.
0000 Xxx Xxxxx 0000 Xxxxxxxx Xxxxx Xxxxxxx, Xxxxx 000X
Xxx Xxxx, XX 00000-0000 Xxxxxxx XX 00000
10. CONFIDENTIAL INFORMATION.
10.1 "Confidential Information" means the text of or any
information that relates to the content of Sections 2.3(f) and 4.3 hereof;
provided, however, that "Confidential Information" shall not include any
information which is generally known in the business or industry in which Aspect
or Syntellect is engaged or otherwise generally available to the public.
10.2 Aspect and Syntellect agree that, for a period of five (5)
years from the Effective Date of this Agreement and thereafter for so long as
the Confidential Information shall not be generally known or generally
disclosed, Aspect and Syntellect shall not disclose any Confidential
Information, except as authorized in writing by an authorized officer of the
other party to the Agreement or as required by law, regulation, or compulsory
legal process.
IN WITNESS WHEREOF, the parties have caused this Agreement to
be executed by their duly authorized representatives:
STC: Aspect:
SYNTELLECT TECHNOLOGY CORPORATION ASPECT TELECOMMUNICATIONS CORPORATION
By: /s/ Xxxx X. Xxxxxx
__________________________________
By: /s/ Xxxx Xxxxxx
__________________________________
Name: Xxxx X. Xxxxxx
________________________________
Name: Xxxx Xxxxxx
________________________________
Title: Vice President
_______________________________
Title: Corp. V.P., Secretary and Treasurer
_______________________________
Date: October 25, 1997
________________________________
Date: October 25, 1997
________________________________
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Syntellect:
SYNTELLECT INC.
By: /s/ Xxxx Xxxxxx
______________________________________
Name: Xxxx Xxxxxx
____________________________________
Title: Corp. V.P., Secretary and Treasurer
___________________________________
Date: October 25, 1997
____________________________________
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SCHEDULE A
APPLICATION/ CORRESPONDING
COUNTRY PATENT XX. XXXXXX XX. X.X. XXX. # XXXXX
Xxxxxx Xxxxxx 4,850,012 07/133,318 4,850,012 Automated Access Facilities For
Use With Key Telephone Systems
United States 4,922,528 07/356,742 4,922,526 Automated Access Facilities For
Use With Key Telephone Systems
United States 5,303,298 07/945,122 5,303,298 Automated Attendant Call Processor
United States 4,955,047 07/346,167 4,955,047 Automated Attendant With
Direct Inward System Access
United States 5,347,574 07/861,998 5,347,574 Automated Call Screening
United States 5,029,196 07/217,179 5,029,196 Automated Call Screening
United States 5,109,405 07/588,582 5,109,405 Automated Call Screening
United States 08/226,453 Automated Call Screening
United States 5,309,504 07/793,843 5,309,504 In a Telecommunication System
Busy/No answer Call
Completion Equipment
United States 4,809,321 06/909,755 4,809,321 Busy/No-answer, Call
Completion Equipment
United States 4,935,958 07/266,273 4,935,958 Busy/No-answer, Call
Completion Equipment
United States 4,975,941 07/099,388 4,975,941 Call Processor For Facilitating
Call Completion Equipment
United States 5,099,509 07/040,564 5,099,509 Integration of Voice Store and
Forward Facility
United States 5,249,219 07/822,933 5,249,219 Integration of Voice Store and
Forward Facility
United States 5,020,095 07/272,091 5,020,095 Interactive Call Distribution
Processor
United States 5,166,974 07/685,543 5,166,974 Interactive call processor to
facilitate completions of Queued
Calls
United States 08/344,752 Interactive Call Processor to
(Reissue Facilitate Completion of Queued
App. of Calls
USPN
5,166,974)
United States 08/709,133 Interactive Call Processor to
(FWC Facilitate Completion of Queued
Continuation Calls
App. of
08/344,752)
United States 4,696,028 06/593,526 4,696,028 PBX Intercept and Caller
Interactive Attendant Bypass
System
United States 5,027,384 07/217,426 5,027,384 Personalized Automatic Call
Routing
United States 4,972,469 07/523,121 4,972,469 System and Method For
Securing Communications
Security Protection
Table Continued
DATE DATE
FILED ISSUED FEE DUE STATUS
12/16/87 7/18/89 01/18/01 Issued
5/24/89 5/1/90 11/01/97 Issued
9/14/92 4/12/94 10/12/01 Issued
5/2/88 9/4/90 03/04/98 Issued
4/1/92 9/13/94 03/13/98 Issued
7/11/88 7/2/91 01/02/98 Issued
8/16/80 4/28/92 10/28/99 Issued
4/12/94 Notice of Pending
Allowance
Issued
06/16/97
11/18/91 5/3/94 11/03/97 Issued
9/22/88 2/28/89 09/28/00 Issued
12/19/88 6/19/90 12/19/97 Issued
9/21/87 12/4/90 06/04/98 Issued
4/17/87 3/24/92 09/24/99 Issued
1/21/92 9/28/93 03/28/01 Issued
11/18/88 5/26/91 11/28/98 Issued
4/15/91 11/24/94 05/24/92 Issued
11/23/94 Abandoned
3/26/84 9/22/87 03/22/99 Issued
7/11/88 6/25/91 12/25/98 Issued
5/14/90 11/20/94 05/20/98 Issued
1
12
United States 5,148,478 07/628,701 5,148,478 System and Method For
Securing Communications
Security Protection
United States 5,148,478 07/628,701 5,148,478 System and Method For
Communications Security
Protection
United States 5,181,243 07/354,261 5,181,243 System and Method For
Securing Communications
Security Protection
United States 5,168,519 07/636,666 5,168,519 System and Method For
Securing DTMF Transmissions
United States 5,666,401 08/612,610 Automated Attendant Call
Processor
United States 08/225,538 5,666,401 Automated Attendant Call
Processor
United States 08/923,223 5,866,401 Automated Attendant Call
Processor
Canada 1,270,315 537,600 4,809,321 Busy-No-answer Call
Completion Equipment
Canada 1,252,185 477,375 4,696,028 PBX Intercept and Caller
Interactive Attendant Bypass
System
Canada 1,286,760 579,965 4,696,028 PBX Intercept and Caller
Interactive Attendant Bypass
System
Canada 5,181,242* 2,033,983-7 4,972,469 System and Method For
Communications Security
Protections
Japan 500660/89 Automated Access Facilities For
Use With Key Telephone
Systems
Japan 362202/92 5,099,509 Integration of Voice Store and
Forward Facility
Europe 346,434 89900993.0 Automated Access Facilities For
Use With Key Telephone
Systems
Europe 92104770.0 Integration of Voice Store and
Forward Facility
Europe 5,181,242* 90909223.1 4,972,469 System and Method For
Communications Security
Protections
Germany 3,854,268 Automated Access Facilities For
use With Key Telephone
Systems
Table Continued
12/17/80 9/15/92 03/15/90 Issued
(3.5 Year
Maint.
Fee paid
late by
petition
on
09/30/97)
12/17/90 09/15/92 03/15/00 Issued
(3.5 Year
Maint.
Fee paid
late by
petition
on
09/30/97)
5/19/89 1/19/93 07/19/00 Issued
1/2/91 12/1/92 06/01/00 Issued
03/08/96 09/09/97 03/09/01 Issued
04/11/94 Abandoned
09/04/97 Pending
5/21/87 6/12/90 06/12/98 Issued
3/25/85 4/4/89 Issued
10/12/88 7/23/91 07/23/88 Issued
5/14/90 10/18/94 05/14/98 Issued
8/15/89 Abandoned
4/23/92 Pending
12/8/88 11/04/94 12/08/98 Issued
3/19/92 Pending
5/14/90 05/14/94 Abandoned
12/8/88 8/2/95 Issued
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SCHEDULE D
SECURED PROMISSORY NOTE
October 25, 1997 $5,000,000.00
Atlanta, Georgia
FOR VALUE RECEIVED, the undersigned, Aspect Telecommunications
Corporation, a California corporation ("Aspect"), promises to pay to the order
of Syntellect, Inc., a Delaware corporation ("Syntellect" and, together with any
subsequent holder hereof, "Holder"), the principal sum of FIVE MILLION DOLLARS
($5,000,000.00) in twenty (20) equal monthly installments of $250,000, on the
last day of each calendar quarter, commencing on March 31, 1998 and continuing
through and including December 31, 2002. Thus, all principal is due and payable
in full on December 31, 2002, or earlier if the indebtedness evidenced by this
Secured Promissory Note (the "Note") is accelerated as hereinafter provided (the
"Maturity Date").
No interest shall accrue on the principal amount of this
Promissory Note prior to the Maturity Date; provided, however, that if an Event
of Default (as defined below) has occurred and is continuing, interest shall
accrue on the unpaid principal balance of this Promissory Note from such date
until the date of final payment at a default rate equal to nine percent (9%) per
annum. The amount of interest accruing and payable hereunder shall be calculated
on the basis of a 365-day year for the actual number of days elapsed and shall
be payable on demand.
All amounts due hereunder shall be paid to Holder in immediately
available funds at its office in Roswell, Georgia or such other place as the
Holder may designate in writing. All payments of principal and interest shall be
in immediately available funds in lawful money of the United States of America.
If any payment on this Note becomes due and payable on a day other than a
business day, the maturity thereof shall be extended to the next succeeding
business day.
This Note is the Promissory Note referred to in the Patent
Assignment Agreement, dated as of the date hereof, between Aspect and Payee (as
amended or modified from time to time the "Patent Assignment"), and is subject
to, and entitled to, all provisions and benefits thereof. The payment of all
amounts hereunder shall be secured by that certain Collateral Assignment and
Security Agreement, dated as of the date hereof, executed by Aspect in favor of
Holder (as amended or modified from time to time, the "Security Agreement"),
pursuant to which Aspect shall xxxxx x xxxx and security interest in favor of
Holder in and to all patents and other property being acquired by Aspect from
Holder pursuant to the Patent Assignment.
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In the event the indebtedness evidenced by this Note is
collected by legal action or through an attorney-at-law, Holder shall be
entitled to recover from Aspect all costs of collection, including without
limitation reasonable attorneys' fees if collected by or through an
attorney-at-law, unless Aspect is the prevailing party in litigation relating to
the parties' rights and remedies hereunder in which case Syntellect shall pay
any such costs of Aspect, including Aspect's reasonable attorney's fees.
Each of the following shall constitute an "Event of Default"
hereunder: (a) the failure of Aspect to pay any indebtedness under this Note
(including principal when due or any interest or expenses) within 30 days after
Holder gives Aspect written notice of such failure to pay; (b) an involuntary
petition for (i) an order for relief in respect of the Aspect under any
applicable federal or state bankruptcy law or other similar law ("Bankruptcy
Laws") shall be filed against Aspect and any such petition shall continue
undismissed for a period of sixty (60) consecutive days, (ii) an appointment of
a receiver, liquidator, trustee, custodian, sequestrator, or similar official of
or for Aspect, or (iii) an order for winding-up or liquidation of the affairs of
Aspect, shall be filed against Aspect and any such petition shall continue
undismissed for a period of sixty (60) consecutive days or (c) Aspect shall file
a petition, answer or consent seeking relief under Bankruptcy Laws or shall
consent to any of the actions described in clause (b) above.
Upon the existence or occurrence of any Event of Default or if
Aspect sells forty percent (40%) or more of the number of Patents (as defined in
the Patent Assignment) purchased by Aspect from Payee (a "40% Sale"), all
indebtedness of Aspect under this Note, including without limitation the
principal and any accrued interest thereon and all costs of collection
(including without limitation reasonable attorneys' fees if collected by or
through an attorney or in bankruptcy or in other judicial proceedings) may, in
the case of clauses (a) above and a 40% Sale, be declared, or shall, in the
cases of clauses (b) through (c) above, automatically become, due and payable
without notice or demand of any kind.
Prepayment of this Note in part or in whole is hereby permitted
without premium or penalty, and any partial prepayment of any indebtedness
hereunder shall be applied first to accrued interest (if any) and then to
outstanding principal hereunder.
Any notices pursuant to this Note shall be made to the following
persons, or to their successors or designees and shall be deemed given three
business days following deposit in U.S. first class mail or overnight delivery
service:
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15
To Aspect: To Syntellect and STC:
Chief Executive Officer Chief Executive Officer
Aspect Telecommunications Corp. 0000 Xxxxxxxx Xxxxx Xxxxxxx
0000 Xxx Xxxxx Xxxxx 000X
Xxx Xxxx, Xxxxxxxxxx 00000-0000 Xxxxxxx, Xxxxxxx 00000
Failure or forbearance of Holder to exercise any right hereunder or otherwise
granted by law shall not affect or release the liability of Aspect hereunder and
shall not constitute a waiver of such right unless so stated by Holder in
writing. THIS NOTE SHALL BE DEEMED TO BE MADE UNDER, AND SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY, THE LAWS OF THE STATE OF DELAWARE. Time is of
the essence of this Note.
PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR AND PROTEST ARE
HEREBY WAIVED.
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Executed under hand of a duly authorized officer of Aspect as of
the day and year first above written.
ASPECT:
ASPECT TELECOMMUNICATIONS
CORPORATION
By: /s/ Xxxx X. Xxxxxx
--------------------------------
Name: Xxxx X. Xxxxxx
Title: Vice President
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