PATENT SECURITY AGREEMENT
Exhibit
4.9
This
PATENT SECURITY AGREEMENT
(“Agreement”) is made this ___ day of January,
2008, by and between MetaSwarm, Inc.,
a Florida corporation (the “Grantor”),
and AIS Funding, LLC, a Delaware
limited liability company (the “Grantee”).
WHEREAS,
Grantor is the owner of the inventions and the patent applications defining
same
as listed on the attached Schedule A (collectively the
“Applications”);
WHEREAS,
Grantee has extended a loan to Grantor pursuant to the terms and conditions
of
that certain Securities Purchase and Security Agreement dated the date hereof,
between Grantor and Grantee (the “Security Agreement”), and the Convertible
Promissory Note issued thereunder dated the date hereof (the “Note”) made by
Grantor in favor of Grantee;
WHEREAS,
under the Security Agreement, Grantor has granted to Grantee a security interest
in certain of its assets (including the Applications) to secure the performance
of the obligations of Grantor under the Note and the Security Agreement;
and
WHEREAS,
Grantor and Grantee by this instrument seek to confirm and make a record of
the
grant of a security interest in and assignment of the
Applications;
NOW,
THEREFORE, for good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, Grantor does hereby acknowledge that it has
granted to Grantee a security interest in all of Grantor’s right, title and
interest in, to, and under the Applications, and has assigned those Applications
to Grantee as follows:
1.
Grantor sells, assigns and
transfers to Grantee, its successors, assigns and legal representatives, all
hereinafter referred to as the Assignee, Grantor’s entire right, title and
interest for the United States and all foreign countries, in and to any and
all
inventions and designs which are disclosed in patent applications listed on
the
Invention Schedule attached as Attachment
1hereto, and all
non-provisional, divisional, continuing, substitute, renewal, reissue and all
other applications for Letters Patent, utility models, industrial designs or
similar intellectual property rights which have been or shall be filed in the
United States, internationally, and in Japan and any other foreign country
on
any of said inventions; and in and to all original and reissued patents which
have been or shall be issued in the United States, Japan or any other
jurisdiction on said inventions, including the right to apply for patent rights
in Japan and each other foreign country and all rights to
priority;
2.
Grantor, when requested, without
charge, at Grantor’s expense, agrees to carry out in good faith the intent and
purpose of this assignment, by executing all non-provisional, divisional,
continuing, substitute, renewal, reissue, and all other patent, utility model
and industrial design applications on any and all said inventions, by executing
all rightful oaths, assignments, powers of attorney and other papers, by
communicating to said Grantee all facts known to Grantor relating to said
inventions and the history thereof, and generally by doing everything reasonably
possible which said Grantee shall consider desirable for aiding in securing
and
maintaining proper protection for said inventions and for vesting title to
said
inventions and all applications for patents and all patents on said inventions,
in said Grantee;
3.
Grantor appoints Grantee its
attorney-in-fact to execute, in its name and on its behalf, any and all
documents required to effectuate this Assignment, specifically including, but
not limited to, those documents specified above and any necessary corrective
assignments.
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Grantor also acknowledges and
confirms that the rights and remedies of Grantee and Grantor with respect to
the
security interests in the Applications granted hereby are more fully set forth
in the Note and the Security Agreement, the terms and provisions of which are
incorporated herein by reference.
This
instrument is executed under
seal.
METASWARM, INC. | |||
Witnessed
by:
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By:
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/s/ Xxxxxx Xxxxxxx | |
/s/ Xxxxx Xxxxxx | Xxxxxx Xxxxxxx | ||
Chairman and Chief Executive Officer | |||
Address: 000 X. Xxxx Xxxxxx, Xxxxx 000 Xxxxxxxx, XX 00000 |
STATE
OF ILLINOISCOMMONWEALTHH OF
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CALIFORNIA
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|||||||||||||||
COUNTY
OF
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LOS
ANGELES
|
:
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||||||||||||||
On
dEthis
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January
|
18
|
,
|
2008
|
,
before me, the undersigned
notary public,
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|||||||||||
Personallyappeared
|
Xxxxxx
Xxxxxxx
|
,
proved to me through
satisfactory evidence of
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||||||||||||||
identification,
which
were
|
Proved
by US
passport
|
,
to be the person who signed the
preceding
|
||||||||||||||
or
attached document in my
presence and swore or affirmed to me that the contents of the document
are
|
||||||||||||||||
truthful
and accurate to the best
of (his) (her) knowledge and belief and acknowledged to me
that
|
||||||||||||||||
(he)
(she) signed it voluntarily
for its stated purpose.
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||||||||||||||||
SEAL
|
/s/
Pi Ning
Xxxxxx
|
|||||||||||||||
Notary
Public
|
||||||||||||||||
My
commission expires:
|
May
7, 2010
|
AIS FUNDING, LLC | |||
|
By:
|
/s/ Xxxxxx Xxxxxxx | |
Xxxxxx Xxxxxxx | |||
Manager | |||
Address: 0 Xxxxxx Xxxxxxxxx XxxxxxXxxxxx, Xxxxxxxxxxxxx 00000 |
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