NOTICE OF SECURITY INTEREST IN AND COLLATERAL ASSIGNMENT OF COPYRIGHTS
EXHIBIT
10.3
NOTICE OF
SECURITY INTEREST IN
AND COLLATERAL
ASSIGNMENT OF COPYRIGHTS
NOTICE IS
HEREBY GIVEN that 301 PRODUCTIONS, INC., a California corporation, (the "Grantor") with office
located at 0000 Xxxxxx Xxxxxxxxx, 0xx
Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxx 00000, and VS INVESTMENT B, LLC ("Secured Party") with
an address at 0000 X. Xxxxxxx Xx., Xxxxxxx, XX 00000xxxx entered into a Security
Agreement dated as of November 7, 2008 (the "Security
Agreement"-).
To secure
the Obligations described in the Security Agreement, Grantor grants and pledges
to Secured Party a security interest in all of Grantor's right, title and
interest in, to and under all Copyrights, whether now owned by or owing to, or
hereafter acquired by or arising in favor of Grantor including without
limitation all Copyrights listed on Schedule A, all Products related thereto,
and including without limitation 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 Secured Party under the Security Agreement. The rights and remedies of
Secured Party with respect to the security interest granted hereby are in
addition to those set forth in the Security Agreement, and those which are now
or hereafter available to Secured Party as a matter of law or
equity.
Each
right, power and remedy of Secured Party provided for herein or in the Security
Agreement, 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 Secured Party of any one or more of the rights,
powers or remedies provided for in this Notice and Assignment or the Security
Agreement, or now or hereafter existing at law or in equity, shall not preclude
the simultaneous or later exercise by Secured Party, of any or all other rights,
powers or remedies.
Dated:
November 7, 2008
|
GRANTOR:
301 PRODUCTIONS,
INC.
|
||
|
By:
|
/s/ Xxxxxx X. Xxxxxx | |
| Name: Xxxxxx X Xxxxxx | ||
| Title: CEO and President | ||
1
Schedule
A
Intellectual
Property
301 PRODUCTIONS, INC.
SCHEDULE OF REGISTERED INTELLECTUAL PROPERTY RIGHTS
Federal Copyright
Registrations:
Registration
Number PAu 0-000-000, "The Legend of Awesomest Maximus," dated August 14, 2008;
Author: Xxxxx Xxxxxxxxx; Claimant: 301 Productions, Inc., (copy of certificate
of registration attached).
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