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EXHIBIT 10.26
INTELLECTUAL PROPERTY SECURITY AGREEMENT
This Intellectual Property Security Agreement (this "IP Agreement") is
made as of the 28th day of February, 2001 by and between (i) VISUAL NETWORKS,
INC., a Delaware corporation with its principal place of business at 0000
Xxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxx 00000 ("Grantor"), (ii) VISUAL NETWORKS
OPERATIONS, INC., a Delaware corporation ("VNO"), (iii) VISUAL NETWORKS
INVESTMENTS, INC., a California corporation ("VNI"), (iv) VISUAL NETWORKS
TECHNOLOGIES, INC., a California corporation ("VNT"), (v) VISUAL NETWORKS OF
TEXAS, L.P., a Texas limited partnership ("Visual Texas"), (vi) VISUAL
NETWORKS INSURANCE, INC., a Vermont corporation ("Visual Insurance"), (vii)
INVERSE NETWORK TECHNOLOGY, a California corporation ("INT"), and (viii)
AVESTA TECHNOLOGIES, INC., a Delaware corporation ("Avesta") (hereinafter,
Visual, VNO, VNI, VNT, Visual Texas, Visual Insurance, INT, and Avesta are
referred to jointly, severally and collectively as the "Grantor"), and SILICON
VALLEY BANK, a California banking corporation ("Lender").
RECITALS
A. Lender has agreed to make advances of money and to extend
certain financial accommodations to Grantor (the "Loan"), pursuant to a
certain Loan and Security Agreement of even date between Grantor and Lender,
as amended from time to time and a certain Accounts Receivable Financing
Agreement dated as of February 28th 2001 (collectively, as amended, the "Loan
Agreement"). The Loan is secured pursuant to the terms of the Loan Agreement.
Lender is willing to enter into certain financial accommodations with Grantor,
but only upon the condition, among others, that Grantor shall grant to Lender
a security interest in certain Copyrights, Trademarks, Patents, and Mask Works
to secure the obligations of Grantor under the Loan Agreement. Defined terms
used but not defined herein shall have the same meanings as in the Loan
Agreement.
B. Pursuant to the terms of the Loan Agreement, Grantor has
granted to Lender a security interest in all of Grantor's right title and
interest, whether presently existing or hereafter acquired in, to and under
all of the Collateral (as defined therein).
NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged and intending to be legally bound, as collateral security
for the prompt and complete payment when due of Grantor's Indebtedness (as
defined below), Grantor hereby represents, warrants, covenants and agrees as
follows:
1. Grant of Security Interest. As collateral security for the
prompt and complete payment and performance of all of Grantor's present or
future indebtedness, obligations and liabilities to Lender (hereinafter, the
"Indebtedness"), including, without limitation, under the Loan Agreement,
Grantor hereby grants a security interest in all of Grantor's right, title and
interest in, to and under its intellectual property collateral (all of which
shall collectively be called the "Intellectual Property Collateral"),
including, without limitation, the following:
(a) Any and all copyright rights, copyright applications,
copyright registrations and like protections in each work or authorship
and derivative work thereof, whether published or unpublished and
whether or not the same also constitutes a trade secret, now or
hereafter existing, created, acquired or held, including without
limitation those set forth on EXHIBIT A attached hereto (collectively,
the "Copyrights");
(b) Any and all trade secrets, and any and all intellectual
property rights in computer software and computer software products now
or hereafter existing, created, acquired or held;
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(c) Any and all design rights which may be available to
Grantor now or hereafter existing, created, acquired or held;
(d) All patents, patent applications and like protections
including, without limitation, improvements, divisions, continuations,
renewals, reissues, extensions and continuations-in-part of the same,
including without limitation the patents and patent applications set
forth on EXHIBIT B attached hereto (collectively, the "Patents");
(e) Any trademark and servicemark rights, whether registered
or not, applications to register and registrations of the same and like
protections, and the entire goodwill of the business of Grantor
connected with and symbolized by such trademarks, including without
limitation those set forth on EXHIBIT C attached hereto (collectively,
the "Trademarks");
(f) All mask works or similar rights available for the
protection of semiconductor chips, now owned or hereafter acquired,
including, without limitation those set forth on EXHIBIT D attached
hereto (collectively, the "Mask Works");
(g) Any and all claims for damages by way of past, present
and future infringements of any of the rights included above, with the
right, but not the obligation, to xxx for and collect such damages for
said use or infringement of the intellectual property rights identified
above;
(h) All licenses or other rights to use any of the
Copyrights, Patents, Trademarks, or Mask Works and all license fees and
royalties arising from such use to the extent permitted by such license
or rights;
(i) All amendments, extensions, renewals and extensions of
any of the Copyrights, Trademarks, Patents, or Mask Works; and
(j) All proceeds and products of the foregoing, including
without limitation all payments under insurance or any indemnity or
warranty payable in respect of any of the foregoing.
2. Authorization and Request. Grantor authorizes and requests
that the Register of Copyrights and the Commissioner of Patents and Trademarks
record this IP Agreement.
3. Covenants and Warranties. Grantor represents, warrants,
covenants and agrees as follows:
(a) Grantor is now the sole owner of the Intellectual
Property Collateral, except for non-exclusive licenses granted by
Grantor to its customers in the ordinary course of business.
(b) Performance of this IP Agreement does not conflict with
or result in a breach of any IP Agreement to which Grantor is bound,
except to the extent that certain intellectual property agreements
prohibit the assignment of the rights thereunder to a third party
without the licensor's or other party's consent and this IP Agreement
constitutes a security interest.
(c) During the term of this IP Agreement, Grantor will not
transfer or otherwise encumber any interest in the Intellectual Property
Collateral, except for non-exclusive licenses granted by Grantor in the
ordinary course of business or as set forth in this IP Agreement;
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(d) To its knowledge, each of the Patents is valid and
enforceable, and no part of the Intellectual Property Collateral has
been judged invalid or unenforceable, in whole or in part, and no claim
has been made that any part of the Intellectual Property Collateral
violates the rights of any third party, except as set forth on the
schedule attached hereto;
(e) Grantor shall promptly advise Lender of any material
adverse change in the composition of the Collateral, including but not
limited to any subsequent ownership right of the Grantor in or to any
Trademark, Patent, Copyright, or Mask Work specified in this IP
Agreement;
(f) Grantor shall (i) protect, defend and maintain the
validity and enforceability of the Trademarks, Patents, Copyrights, and
Mask Works, (ii) use its best efforts to detect infringements of the
Trademarks, Patents, Copyrights, and Mask Works and promptly advise
Lender in writing of material infringements detected and (iii) not allow
any Trademarks, Patents, Copyrights, or Mask Works to be abandoned,
forfeited or dedicated to the public without the written consent of
Lender, which shall not be unreasonably withheld, unless Grantor
determines that reasonable business practices suggest that abandonment
is appropriate.
(g) Grantor shall, to the extent determined to be
appropriate by Grantor's management in its reasonable business judgment,
register the most recent version of any of Grantor's Copyrights, if not
so already registered, and shall, from time to time, execute and file
such other instruments, and take such further actions as Lender may
reasonably request from time to time to perfect or continue the
perfection of Lender's interest in the Intellectual Property Collateral;
(h) This IP Agreement creates, and in the case of after
acquired Intellectual Property Collateral, this IP Agreement will create
at the time Grantor first has rights in such after acquired Intellectual
Property Collateral, in favor of Lender a valid and perfected first
priority security interest in the Intellectual Property Collateral in
the United States securing the payment and performance of the
obligations evidenced by the Loan Agreement upon making the filings
referred to in clause (i) below;
(i) To its knowledge, except for, and upon, the filing with
the United States Patent and Trademark office with respect to the
Patents and Trademarks and the Register of Copyrights with respect to
the Copyrights and Mask Works necessary to perfect the security
interests created hereunder and except as has been already made or
obtained, no authorization, approval or other action by, and no notice
to or filing with, any U.S. governmental authority or U.S. regulatory
body is required either (i) for the grant by Grantor of the security
interest granted hereby or for the execution, delivery or performance of
this IP Agreement by Grantor in the U.S. or (ii) for the perfection in
the United States or the exercise by Lender of its rights and remedies
thereunder;
(j) All information heretofore, herein or hereafter supplied
to Lender by or on behalf of Grantor with respect to the Intellectual
Property Collateral is accurate and complete in all material respects.
(k) Grantor shall not enter into any agreement that would
materially impair or conflict with Grantor's obligations hereunder
without Lender's prior written consent, which consent shall not be
unreasonably withheld. Grantor shall not permit the inclusion in any
material contract to which it becomes a party of any provisions that
could or might in any way prevent the creation of a security interest in
Grantor's rights and interest in any property included within the
definition of the Intellectual Property Collateral acquired under such
contracts, except that certain contracts may contain anti-assignment
provisions that could in effect prohibit the creation of a security
interest in such contracts.
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(l) Upon any executive officer of Grantor obtaining actual
knowledge thereof, Grantor will promptly notify Lender in writing of any
event that materially adversely affects the value of any material
Intellectual Property Collateral, the ability of Grantor to dispose of
any material Intellectual Property Collateral of the rights and remedies
of Lender in relation thereto, including the levy of any legal process
against any of the Intellectual Property Collateral.
4. Lender's Rights. Lender shall have the right, but not the
obligation, to take, at Grantor's sole expense, any actions that Grantor is
required under this IP Agreement to take but which Grantor fails to take,
after fifteen (15) days' notice to Grantor. Grantor shall reimburse and
indemnify Lender for all reasonable costs and reasonable expenses incurred in
the reasonable exercise of its rights under this section 4.
5. Inspection Rights. Grantor hereby grants to Lender and its
employees, representatives and agents the right to visit, during reasonable
hours upon prior reasonable written notice to Grantor, any of Grantor's plants
and facilities that manufacture, install or store products (or that have done
so during the prior six-month period) that are sold utilizing any of the
Intellectual Property Collateral, and to inspect the products and quality
control records relating thereto upon reasonable written notice to Grantor and
as often as may be reasonably requested, but not more than once in every six
(6) months; provided, however, nothing herein shall entitle Lender access to
Grantor's trade secrets and other proprietary information.
6. Further Assurances; Attorney in Fact.
(a) On a continuing basis, Grantor will, subject to any
prior licenses, encumbrances and restrictions and prospective licenses, make,
execute, acknowledge and deliver, and file and record in the proper filing and
recording places in the United States, all such instruments, including
appropriate financing and continuation statements and collateral agreements
and filings with the United States Patent and Trademarks Office and the
Register of Copyrights, and take all such action as may reasonably be deemed
necessary or advisable, or as reasonably requested by Lender, to perfect
Lender's security interest in all Copyrights, Patents, Trademarks, and Mask
Works and otherwise to carry out the intent and purposes of this IP Agreement,
or for assuring and confirming to Lender the grant or perfection of a security
interest in all Intellectual Property Collateral.
(b) Grantor hereby irrevocably appoints Lender as Grantor's
attorney-in-fact, with full authority in the place and stead of Grantor and in
the name of Grantor, Lender or otherwise, from time to time in Lender's
discretion, upon Grantor's failure or inability to do so, to take any action
and to execute any instrument which Lender may deem necessary or advisable to
accomplish the purposes of this IP Agreement, including:
(i) To modify, in its sole discretion, this IP
Agreement without first obtaining Grantor's approval of or signature to
such modification by amending Exhibit A, Exhibit B, Exhibit C, and
Exhibit D hereof, as appropriate, to include reference to any right,
title or interest in any Copyrights, Patents, Trademarks or Mask Works
acquired by Grantor after the execution hereof or to delete any
reference to any right, title or interest in any Copyrights, Patents,
Trademarks, or Mask Works in which Grantor no longer has or claims any
right, title or interest; and
(ii) To file, in its sole discretion, one or more
financing or continuation statements and amendments thereto, relative to
any of the Intellectual Property Collateral without the signature of
Grantor where permitted by law.
7. Events of Default. The occurrence of any of the following
shall constitute an Event of Default under this IP Agreement:
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(a) An Event of Default occurs under the Loan Agreement; or
any document from Grantor to Lender; or
(b) Grantor breaches any warranty or agreement made by
Grantor in this IP Agreement.
8. Remedies. Upon the occurrence and continuance of an Event of
Default, Lender shall have the right to exercise all the remedies of a secured
party under the Massachusetts Uniform Commercial Code, including without
limitation the right to require Grantor to assemble the Intellectual Property
Collateral and any tangible property in which Lender has a security interest
and to make it available to Lender at a place designated by Lender. Lender
shall have a nonexclusive, royalty free license to use the Copyrights,
Patents, Trademarks, and Mask Works to the extent reasonably necessary to
permit Lender to exercise its rights and remedies upon the occurrence of an
Event of Default. Grantor will pay any expenses (including reasonable
attorney's fees) incurred by Lender in connection with the exercise of any of
Lender's rights hereunder, including without limitation any expense incurred
in disposing of the Intellectual Property Collateral. All of Lender's rights
and remedies with respect to the Intellectual Property Collateral shall be
cumulative.
9. Indemnity. Grantor agrees to defend, indemnify and hold
harmless Lender and its officers, employees, and agents against: (a) all
obligations, demands, claims, and liabilities claimed or asserted by any other
party in connection with the transactions contemplated by this IP Agreement,
and (b) all losses or expenses in any way suffered, incurred, or paid by
Lender as a result of or in any way arising out of, following or consequential
to transactions between Lender and Grantor, whether under this IP Agreement or
otherwise (including without limitation, reasonable attorneys fees and
reasonable expenses), except for losses arising from or out of Lender's gross
negligence or willful misconduct.
10. Reassignment. At such time as Grantor shall completely satisfy
all of the obligations secured hereunder, Lender shall execute and deliver to
Grantor all deeds, assignments, and other instruments as may be necessary or
proper to reinvest in Grantor full title to the property assigned hereunder,
subject to any disposition thereof which may have been made by Lender pursuant
hereto.
11. Course of Dealing. No course of dealing, nor any failure to
exercise, nor any delay in exercising any right, power or privilege hereunder
shall operate as a waiver thereof.
12. Attorneys' Fees. If any action relating to this IP Agreement
is brought by either party hereto against the other party, the prevailing
party shall be entitled to recover reasonable attorneys fees, costs and
disbursements.
13. Amendments. This IP Agreement may be amended only by a written
instrument signed by both parties hereto.
14. Counterparts. This IP Agreement may be executed in two or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute the same instrument.
15. Law and Jurisdiction. This IP Agreement shall be governed by
and construed in accordance with the laws of the United States and the
Commonwealth of Massachusetts. GRANTOR ACCEPTS FOR ITSELF AND IN CONNECTION
WITH ITS PROPERTIES, UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF ANY
STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE COMMONWEALTH OF
MASSACHUSETTS IN ANY ACTION, SUIT, OR PROCEEDING OF ANY KIND, AGAINST IT WHICH
ARISES OUT OF OR BY REASON OF THIS AGREEMENT; PROVIDED, HOWEVER, THAT IF FOR
ANY REASON LENDER CANNOT AVAIL ITSELF OF THE COURTS OF THE COMMONWEALTH OF
MASSACHUSETTS, GRANTOR ACCEPTS JURISDICTION OF THE COURTS AND VENUE IN SANTA
XXXXX COUNTY, CALIFORNIA.
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GRANTOR AND LENDER EACH HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF ANY OF THE
LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW
OR STATUTORY CLAIMS. EACH PARTY RECOGNIZES AND AGREES THAT THE FOREGOING
WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT.
EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS
LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL
RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
16. Confidentiality. In handling any confidential information,
Lender shall exercise the same degree of care that it exercises for its own
proprietary information, but disclosure of information may be made: (i) to
Lender's subsidiaries or affiliates in connection with their present or
prospective business relations with Grantor; (ii) to prospective transferees
or purchasers of any interest in the Loans; (iii) as required by law,
regulation, subpoena, or other order, (iv) as required in connection with
Lender's examination or audit; and (v) as Lender considers appropriate in
exercising remedies under this Agreement. Confidential information does not
include information that either: (a) is in the public domain or in Lender's
possession when disclosed to Lender, or becomes part of the public domain
after disclosure to Lender; or (b) is disclosed to Lender by a third party, if
Lender does not know that the third party is prohibited from disclosing the
information.
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EXECUTED as a sealed instrument under the laws of the Commonwealth of
Massachusetts on the day and year first written above.
ADDRESS OF GRANTOR: GRANTOR:
0000 Xxxxxxx Xxxx VISUAL NETWORKS, INC.
Xxxxxxxxx, Xxxxxxxx 00000
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: Chief Financial Officer
-------------------------
VISUAL NETWORKS OPERATIONS, INC.
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: Treasurer
----------
VISUAL NETWORKS INVESTMENTS, INC.
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: Treasurer
----------
VISUAL NETWORKS TECHNOLOGIES, INC.
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: Treasurer
----------
VISUAL NETWORKS OF TEXAS, L.P.,
by Visual Networks Texas Operations,
Inc., its General Partner
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: Treasurer
----------
VISUAL NETWORKS INSURANCE, INC.
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: Treasurer
----------
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INVERSE NETWORK TECHNOLOGY
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: President
----------
AVESTA TECHNOLOGIES, INC.
By: /s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
Title: President
----------
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EXHIBIT A
COPYRIGHTS
None.
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EXHIBIT B
PATENTS
U.S. Patents
--------------------------------------------------------------------------------------------------------
Patent No. Title
--------------------------------------------------------------------------------------------------------
5,521,907 Method and Apparatus for Non-Intrusive Measurement of Round Trip Delay in
Communications Networks
--------------------------------------------------------------------------------------------------------
5,867,483 Method and Apparatus for Measurement of Peak Throughput in Packetized Data
Networks
--------------------------------------------------------------------------------------------------------
6,058,102 Method and Apparatus for Performing Service-Level Analysis of Communications
Network Performance Metrics
--------------------------------------------------------------------------------------------------------
6,147,998 Method and Apparatus for Performing In-Service Quality of Service Testing
--------------------------------------------------------------------------------------------------------
Pending U.S. Patent Applications
---------------------------------------------------------------------------------------------------------------------------------
Serial No. Title Filed Status
---------------------------------------------------------------------------------------------------------------------------------
09/048,025 Dynamic Modeling of Complex Networks and Prediction of Impacts 03/26/1998 Pending
of Faults Therein
---------------------------------------------------------------------------------------------------------------------------------
09/256,647 Network Monitoring System 02/23/1999 Awaiting Action
---------------------------------------------------------------------------------------------------------------------------------
09/605,680 Method of Identifying Information Within a 06/28/2000 Awaiting Action
Character String
---------------------------------------------------------------------------------------------------------------------------------
Pending Foreign Patent Applications
--------------------------------------------------------------------------------------------------------------------------------
Country Serial No. Title Filing Date Status
--------------------------------------------------------------------------------------------------------------------------------
Canada 2,218,886 Method and Apparatus for Non-Intrusive 04/17/1996 Awaiting Action
Measurement of Round Trip Delay in
Communications Networks
--------------------------------------------------------------------------------------------------------------------------------
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--------------------------------------------------------------------------------------------------------------------------
Country Serial No. Title Filing Date Status
--------------------------------------------------------------------------------------------------------------------------
Canada 2,270,890 Method and Apparatus for Measurement of Peak 11/12/1997 Awaiting Action
Throughput in Packetized Data Networks
--------------------------------------------------------------------------------------------------------------------------
Australia 33657/99 Dynamic Modeling of Complex Networks and 9/26/2000 Awaiting Action
Prediction of Impacts of Faults Therein
--------------------------------------------------------------------------------------------------------------------------
Canada 2,301,896 Method and Apparatus for Performing 08/24/1998 Awaiting Action
In-Service Quality of Service Testing
--------------------------------------------------------------------------------------------------------------------------
Canada 2,307,766 Method and Apparatus for Performing 11/06/1998 Awaiting Action
Service-Level Analysis of Communications
Network Performance Metrics
--------------------------------------------------------------------------------------------------------------------------
Europe 99915051.9 Dynamic Modeling of Complex Networks and 9/26/2000 Awaiting Action
Prediction of Impacts of Faults Therein
--------------------------------------------------------------------------------------------------------------------------
Europe 97950579.9 Method and Apparatus for Measurement of Peak 05/1999 Awaiting Action
Throughput in Packetized Data Networks
--------------------------------------------------------------------------------------------------------------------------
Europe 98959404.9 Method and Apparatus for Performing 05/2000 Awaiting Action
Service-Level Analysis of Communications
Network Performance Metrics
--------------------------------------------------------------------------------------------------------------------------
Japan 2000-538359 Dynamic Modeling of Complex Networks and 09/26/2000 Awaiting Action
Prediction of Impacts of Faults Therein
--------------------------------------------------------------------------------------------------------------------------
Germany 19882639.7 Method and Apparatus for Performing 02/25/2000 Awaiting Action
In-Service Quality of Service Testing
--------------------------------------------------------------------------------------------------------------------------
Singapore 20005379-3 Dynamic Modeling of Complex Networks and 9/26/2000 Awaiting Action
Prediction of Impacts of Faults Therein
--------------------------------------------------------------------------------------------------------------------------
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Country Serial No. Title Filing Date Status
--------------------------------------------------------------------------------------------------------------------------
South Africa Dynamic Modeling of Complex Networks and 9/26/2000 Awaiting Action
Prediction of Impacts of Faults Therein
--------------------------------------------------------------------------------------------------------------------------
UK 00040009.7 Method and Apparatus for Performing 08/24/1998 Awaiting Action
In-Service Quality of Service Testing
--------------------------------------------------------------------------------------------------------------------------
Presently, Visual Networks Technologies, Inc. has no International
Patent Cooperation Treaty (PCT) applications pending. Visual Networks
Technologies, Inc. does not yet own any foreign patents.
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EXHIBIT C
TRADEMARKS
17. PENDING U.S. TRADEMARK APPLICATIONS
-------------------------------------------------------------------------------------------------------
SERIAL NO. XXXX STATUS
-------------------------------------------------------------------------------------------------------
75/788,699 EWATCHER Response to Non-Final Action Filed 9/6/00
-------------------------------------------------------------------------------------------------------
75/612,153 TRINITY Non-Final Action mailed 10/17/00
-------------------------------------------------------------------------------------------------------
75/624,707 MAKE IT VISUAL Allowed; 1st Extension of Time file on
7/25/00
-------------------------------------------------------------------------------------------------------
75/745,829 TUNNELVISION Allowed; 1st Extension of Time filed on
10/11/00
-------------------------------------------------------------------------------------------------------
75/745,828 TUNNELVISION Accepted; Published on 11/21/00
-------------------------------------------------------------------------------------------------------
76/109,122 VISUAL TRINITY Filed 8/14/00
-------------------------------------------------------------------------------------------------------
76/109,116 VISUAL NETWORKS and Design Filed 8/14/00
-------------------------------------------------------------------------------------------------------
TM00-134 VISUAL EWATCHER Filed 8/14/00
-------------------------------------------------------------------------------------------------------
76/127,701 VISUAL TDSLINK Filed 9/12/2000
-------------------------------------------------------------------------------------------------------
76/127,702 TDSLINK Filed 9/12/2000
-------------------------------------------------------------------------------------------------------
76/139,117 VISUAL SERVICE ADVISOR Filed 10/2/2000
-------------------------------------------------------------------------------------------------------
76/139,114 VISUAL LINKSAFE Filed 10/2/2000
-------------------------------------------------------------------------------------------------------
76/139,116 VISUAL IP INSIGHT Filed 10/2/2000
-------------------------------------------------------------------------------------------------------
76/139,115 VISUAL INTERNET BENCHMARK Filed 10/2/2000
-------------------------------------------------------------------------------------------------------
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Registered U.S. Trademarks
--------------------------------------------------------------------------------------------------------------------
REG. NO. XXXX REG. DATE
--------------------------------------------------------------------------------------------------------------------
1,970,625 ACCESSRAMP DOCUMENTING THE INFORMATION SUPER HIGHWAY (stylized) 4/23/96
--------------------------------------------------------------------------------------------------------------------
2,007,923 CARAVELLE WATCHER 10/15/96
--------------------------------------------------------------------------------------------------------------------
2,009,418 VISUAL UPTIME 10/22/96
--------------------------------------------------------------------------------------------------------------------
2,032,357 GLOBALWATCHER 1/21/97
--------------------------------------------------------------------------------------------------------------------
2,067,027 MEDIAWATCHER 6/3/97
--------------------------------------------------------------------------------------------------------------------
11/25/97; Cancellation
2,115,387 IWATCHER filed 8/13/99
--------------------------------------------------------------------------------------------------------------------
2,117,886 TRANSCEIVE 12/2/97; Being Sold
--------------------------------------------------------------------------------------------------------------------
2,122,626 VISUAL NETWORKS 12/23/97
--------------------------------------------------------------------------------------------------------------------
2,155,605 INVERSE NETWORK TECHNOLOGY 5/5/98
--------------------------------------------------------------------------------------------------------------------
2,180,579 I (stylized) 8/11/98
--------------------------------------------------------------------------------------------------------------------
2,181,207 INVERSE NETWORK TECHNOLOGY 8/11/98
------------------------------ -------------------------------------------------------------------- ---------------------
2,193,550 INVERSE 10/6/98
--------------------------------------------------------------------------------------------------------------------
2,203,246 AVESTA TECNOLOGIES 10/10/98
--------------------------------------------------------------------------------------------------------------------
2,224,976 BURST ADVISOR 2/23/99
--------------------------------------------------------------------------------------------------------------------
2,248,906 MEASUREMENTS THAT MATTER 6/1/99
--------------------------------------------------------------------------------------------------------------------
2,278,155 INTERNET MEASUREMENT SERVICE 9/14/99
--------------------------------------------------------------------------------------------------------------------
2,282,318 US BENCHMARK REPORT 9/28/99
--------------------------------------------------------------------------------------------------------------------
2,282,319 UK BENCHMARK REPORT 9/28/99
--------------------------------------------------------------------------------------------------------------------
2,288,967 MEASURING QUALITY OF THE INTERNET 10/26/99
--------------------------------------------------------------------------------------------------------------------
2,304,103 INVERSE IP INSIGHT 12/28/99
--------------------------------------------------------------------------------------------------------------------
2,389,211 INVERSE IP INSIGHT 9/26/00
--------------------------------------------------------------------------------------------------------------------
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Foreign Pending Trademark Applications
-----------------------------------------------------------------------------------------------------------------------
COUNTRY SERIAL NO. XXXX FILING DATE
-----------------------------------------------------------------------------------------------------------------------
Canada 827491 VISUAL NETWORKS 10/31/96
-----------------------------------------------------------------------------------------------------------------------
ECT 393561 BURST ADVISOR 10/28/96
-----------------------------------------------------------------------------------------------------------------------
ECT 001282102 MAKE IT VISUAL 8/13/99
-----------------------------------------------------------------------------------------------------------------------
Canada 1030375 MAKE IT VISUAL 9/28/99
-----------------------------------------------------------------------------------------------------------------------
Foreign Registered Trademarks
----------------------------------------------------------------------------------------------------------------------
COUNTRY REGISTRATION NO. XXXX REGISTRATION DATE
----------------------------------------------------------------------------------------------------------------------
Canada 490358 VISUAL UPTIME 2/20/98
----------------------------------------------------------------------------------------------------------------------
Canada 523933 BURST ADVISOR 2/28/00
----------------------------------------------------------------------------------------------------------------------
ECT 393546 VPOP 10/28/96
----------------------------------------------------------------------------------------------------------------------
ECT 393512 VISUAL NETWORKS 10/28/96
----------------------------------------------------------------------------------------------------------------------
ECT 393504 VISUAL UPTIME 10/28/96
----------------------------------------------------------------------------------------------------------------------
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EXHIBIT D
MASK WORKS
None.
SCHEDULE 3(d)
CLAIMS AGAINST INTELLECTUAL PROPERTY COLLATERAL
1. SMARTS Claim. On October 31, 1997, a lawsuit was filed against Avesta
Technologies, Inc. ("Avesta") and Xxxxx Xxxxx (a founder and, at the time, an
employee of Avesta) by Systems Management ARTS Incorporated ("SMARTS") in the
United States District Court for the Southern District of New York, alleging
unfair competition, unjust enrichment and that Avesta and Xx. Xxxxx infringed
two patents held by SMARTS. The complaint also alleges interference with
contractual relations against Avesta, as well as a claim of breach of contract
against Xx. Xxxxx. Avesta answered the complaint, denying all allegations, and
also asserted counterclaims against SMARTS for patent misuse, unfair
competition, interference with business and patent invalidity.
2. eWatcher Challenge. AverStar, Inc. ("AverStar") sent a letter dated
August 24, 1999 advising Avesta of AverStar's belief that it has superior
rights to the eWatcher xxxx. AverStar has filed a competing trademark
application for the xxxx in the U.S. Patent and Trademark Office.
