Security Agreement
Exhibit 10.4
Security Agreement, dated as of June 7, by ParkerVision Inc., a
Florida corporation ("Pledgor"), in favor of Xxxx Xxxxxx (the
"Recipient").
WITNESSETH:
WHEREAS,
the Pledgor is party to a Convertible Promissory Note dated June 7,
2019 (the “Note”) and desires to grant a security
interest in certain of Pledgor’s patents to
Recipient.
Now,
THEREFORE, in consideration of the promises and to induce the
Recipient to enter into the Note, the Pledgor hereby agrees with
the Recipient as follows:
SECTION 1. Grant of Security
Interest. As security for
prompt and complete payment of the Note, made by Pledgor in favor
of Recipient (the “Note”), Pledgor does hereby pledge,
collaterally assign and grant to the Recipient, its successors and
assigns, a continuing security interest in all of its right, title
or interest in, to or under all of the following assets, regardless
of where located (collectively, the “IP
Collateral”):
(a) Patents
of the Pledgor listed on Schedule I attached hereto;
and
(b) all
proceeds of any and all of the foregoing.
SECTION 2. Termination.
Upon the payment or conversion in full
of the Note, the Recipient shall promptly execute, acknowledge, and
deliver to the Pledgor an instrument or instruments (in recordable
form, if necessary) releasing the collateral pledge, grant,
assignment, lien and security interest in the IP
Collateral.
SECTION 3. Counterparts.
This Security Agreement may be
executed in any number of counterparts, all of which shall
constitute one and the same instrument, and any party hereto may
execute this Security Agreement by signing and delivering one or
more counterparts.
SECTION 6. Governing Law.
This Security Agreement and the
transactions contemplated hereby, and all disputes between the
parties under or relating to this Security Agreement or the facts
or circumstances leading to its execution, whether in contract,
tort or otherwise, shall be construed in accordance with and
governed by the laws (including statutes of limitation) of the
State of Florida, without regard to conflicts of law principles
that would require the application of the laws of another
jurisdiction.
IN
WITNESS WHEREOF, the Pledgor and the Recipient have caused this
Security Agreement to be duly executed and delivered by their duly
authorized officer as of the date first set forth
above.
PARKERVISION INC.,
as Pledgor
By:
/s/Xxxxxxx
Xxxxxx ______
Name: Xxxxxxx X Xxxxxx
Title:
Chief Executive Officer
Recipient
By:
__/s/ Xxxx
Fisher_______
Name: Xxxx
Xxxxxx
SCHEDULE 1
to
United States Patent Registrations:
|
Title
|
PatentNumber
|
GrantDate
|
|
Method and system for down-converting an electromagnetic signal,
and transforms for the same, and aperture
relationships
|
7.865.177
|
1/4/2011
|
|
Method and circuit for down-converting a signal
|
7.218.907
|
5/15/2007
|
|
Methods and systems for down-converting a signal using a
complementary transistor structure
|
8,190,116
|
5/29/12
|
|
Method and system for frequency up-conversion with modulation
embodiments
|
7,039,372
|
5/2/2006
|
|
Method and system for frequency up-conversion
|
6,091,940
|
7/18/2000
|
