GRANT OF SECURITY INTEREST IN UNITED STATES COPYRIGHTS
Exhibit 10.4
GRANT OF SECURITY INTEREST
IN UNITED STATES COPYRIGHTS
IN UNITED STATES COPYRIGHTS
WHEREAS, XXXXXXX, Inc., MRF, Inc. and Fiber Industries, Inc., each Delaware corporations
having their chief executive offices at 1041 000 Xxxxxxxxx Xxxxxx Xxxxx, Xxxx Xxxx, Xxxxx Xxxxxxxx
(the “Grantors”), as debtors and debtors in possession, are the owners of all right, title
and interest in and to the United States copyrights and associated United States copyright
registrations and applications for registration set forth in Schedule A attached hereto;
WHEREAS, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent, having its principal
offices at 00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, (the “Grantee”), desires to acquire a
security interest in, and lien on, all of Grantors’ right, title and interest in and to Grantors’
copyrights and copyright registrations and applications therefor described above; and
WHEREAS, the Grantors are willing to assign to the Grantee, and to grant to the Grantee a
security interest in and lien upon the copyrights and copyright registrations and applications
therefor described above;
NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, and subject to the terms and conditions of the Security Agreement, dated as of
February 26, 2008, between the Grantors, the other assignors from time to time party thereto and
the Grantee (as amended, restated, supplemented or otherwise modified from time to time, the
“Security Agreement”), the Grantors hereby assign to the Grantee, and grant to the Grantee
a security interest in and a lien upon, all of Grantors’ right, title and interest in and to
Grantors’ copyrights and copyright registrations and applications more particularly set forth on
Schedule A attached hereto, (the “Copyrights”) together with (i) all Proceeds (as
such term is
defined in the Security Agreement referred to above) of the Copyrights, and (ii) all causes of
action arising prior to or after the date hereof for infringement of any Copyright.
This GRANT OF SECURITY INTEREST is made to secure the satisfactory performance and payment of
all the Obligations (as such term is defined in the Credit Agreement, dated as of February 26,
2008, among the Grantors, the other borrowers party thereto, the Grantee and the lenders signatory
thereto from time to time) of the Grantors and shall be effective as of the date of the Security
Agreement. Upon the occurrence of the Termination Date (as defined in the Security Agreement), the
Grantee shall, upon such satisfaction, execute, acknowledge, and deliver to Grantors an instrument
in writing releasing the security interest in the Copyrights acquired under this Grant of Security
Interest.
This Grant of Security Interest has been granted in conjunction with the security interest
granted to Grantee under the Security Agreement. The rights and remedies of the Grantee with
respect to the security interest granted herein are more fully set forth in the Security Agreement,
all terms and provisions of which are incorporated herein by reference. In the event that any
provisions of this Grant of Security Interest are deemed to conflict with the Security Agreement,
the provisions of the Security Agreement shall govern.
[Signature Page Follows]
2
IN WITNESS WHEREOF, the undersigned have executed this Xxxxx as of the 26th day of February,
2008.
XXXXXXX, INC., as Grantor |
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By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: | ||||||
Title: | ||||||
MRF, INC., as Grantor |
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By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: | ||||||
Title: | ||||||
FIBER INDUSTRIES, INC., as Grantor |
||||||
By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: | ||||||
Title: | ||||||
DEUTSCHE BANK TRUST COMPANY AMERICAS, as Grantee |
||||||
By: | /s/ Xxxxxxxxxx Xxxxxx | |||||
Name: | ||||||
Title: | Director | |||||
By: | /s/ Xxxxx X. Xxxx | |||||
Name: | ||||||
Title: | Managing Director |
STATE OF
New York |
) | |
) ss.: | ||
COUNTY OF
New York |
) |
On this 22 day of February, 2008, before me personally came Xxxxxxxxxx Xxxxxx
who, being by me duly sworn, did state as follows: that s/he is Director of Deutsche Bank Trust
Company Americas that s/he is authorized to execute the foregoing Grant of Security Interest on
behalf of said corporation and that s/he did so by authority of the Board of Directors of said
corporation.
/s/ Xxxxxxx X. Xxxxxx
Notary Public
Xxxxxxx X. Xxxxxx
Notary Public – State of New York
No. 01TH6098264
Qualified in Bronx County
Certified in New York County
My Commission Expires 9/08/2011
Notary Public – State of New York
No. 01TH6098264
Qualified in Bronx County
Certified in New York County
My Commission Expires 9/08/2011
STATE OF
New York |
) | |
) ss.: | ||
COUNTY OF
New York |
) |
On this 22 day of February, 2008 before me personally came Xxxxx X. Xxxx who, being
by me duly sworn, did state as follows: that s/he is Managing Director of Deutsche Bank
Trust Company Americas that s/he is authorized to execute the foregoing Grant of Security Interest
on behalf of said corporation and that s/he did so by authority of the Board of Directors of said
corporation.
/s/ Xxxxxxx X. Xxxxxx
Notary Public
Xxxxxxx X. Xxxxxx
Notary Public – State of New York
No. 01TH6098264
Qualified in Bronx County
Certified in New York County
My Commission Expires 9/08/2011
Notary Public – State of New York
No. 01TH6098264
Qualified in Bronx County
Certified in New York County
My Commission Expires 9/08/2011