INTELLECTUAL PROPERTY SECURITY AGREEMENT
EXHIBIT 10.1
This INTELLECTUAL PROPERTY SECURITY AGREEMENT is entered into as of December 31, 2010 by and between AGILITY CAPITAL II, LLC (“Lender”) and ACCELERIZE NEW MEDIA, INC., a Delaware corporation (“Grantor”).
Recitals
Lender has agreed to make certain advances of money and to extend certain financial accommodation to Grantor (the “Loans”) in the amounts and manner set forth in that certain Loan Agreement by and between Lender and Grantor (as amended from time to time, the “Loan Agreement”) dated on or about the date hereof. Capitalized terms used herein have the meaning assigned in the Loan Agreement. Lender is willing to make the credit extensions to Grantor, but only upon the condition, among others, that Grantor shall grant to Lender a security interest in all of Grantor’s right title, and interest in, to and under all of the Collateral whether presently existing or hereafter acquired
Now, Therefore, Grantor agrees as follows:
Agreement
To secure performance of Grantor’s obligations under the Loan Agreement, Grantor grants to Lender a security interest in all of Grantor’s right, title and interest in Grantor’s intellectual property (including without limitation those Copyrights, Patents and Trademarks listed on Exhibits A, B and C hereto), 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). This security interest is granted in conjunction with the security interest granted to Lender under the Loan Agreement. Each right, power and remedy of Lender provided for herein shall not preclude the simultaneous or later exercise by Lender of any or all other rights, powers or remedies.
In Witness Whereof, the parties have caused this Intellectual Property Security Agreement to be duly executed as of the first date written above.
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Address of Grantor:
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ACCELERIZE NEW MEDIA, INC.
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000 Xxxxxxxxx Xxx.
Xxxxxxx Xxxxx, XX 00000
Attn: Xxxxx Xxxx
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By: /s/ Xxxxx Xxxx
Title: Chief Executive Officer
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Address of Lender:
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AGILITY CAPITAL II, LLC
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000 Xxxxxxx Xxxxxx, Xxxxx X
Xxxxx Xxxxxxx, XX 00000
Attn: Xxxx Xxxxxxx
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By: /s/ Xxxx Xxxxxxx
Title: Managing Partner
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EXHIBIT A
Copyrights
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Title
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Registration Number
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Registration Date
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EXHIBIT B
Patents
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Title
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Serial No./ Patent Number
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Application No./ Issue Date
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Lead generation management system
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61/301,811
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02/05/10
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EXHIBIT C
Trademarks
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Description
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Registration No./Issue Date
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Application No./Filing Date
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