EX-10.3 4 d472110dex103.htm EX-10.3 EXECUTION VERSION SECOND LIEN SECURITY AGREEMENT Dated March 9, 2018 From The Grantors referred to herein as Grantors to BARCLAYS BANK PLC as Administrative Agent Syniverse Security Agreement
Exhibit 10.3
EXECUTION VERSION
SECOND LIEN SECURITY AGREEMENT
Dated March 9, 2018
From
The Grantors referred to herein
as Grantors
to
BARCLAYS BANK PLC
as Administrative Agent
Syniverse Security Agreement
TABLE OF CONTENTS
| Section | Page | |||
| Section 1. Grant of Security | 2 | |||
| Section 2. Security for Obligations | 7 | |||
| Section 3. Grantors Remain Liable | 7 | |||
| Section 4. Delivery and Control of Security Collateral | 7 | |||
| 8 | ||||
| Section 6. Representations and Warranties | 9 | |||
| Section 7. Further Assurances | 11 | |||
| Section 8. As to Insurance | 12 | |||
| Section 9. Post-Closing Changes; Bailees; Collections on Subject Agreements and Accounts | 13 | |||
| Section 10. As to Intellectual Property Collateral | 14 | |||
| 15 | ||||
| Section 12. Administrative Agent as Bailee for the Grantors | 17 | |||
| Section 13. Administrative Agent Appointed Attorney-in-Fact | 17 | |||
| Section 14. Administrative Agent May Perform | 17 | |||
| Section 15. The Administrative Agent’s Duties | 18 | |||
| Section 16. Remedies | 18 | |||
| Section 17. Expenses | 20 | |||
| Section 18. Amendments; Waivers; Additional Grantors; Etc. | 20 | |||
| 21 | ||||
| Section 20. Continuing Security Interest; Assignments under the Credit Agreement | 21 | |||
| Section 21. Release; Termination | 21 | |||
| Section 22. Execution in Counterparts | 22 |
| Syniverse Security Agreement |
| Section 23. The Mortgages | 22 | |||
| Section 24. Intercreditor Relations | 22 | |||
| Section 25. Governing Law; Jurisdiction; Etc. | 23 |
Schedules:
| Schedule I | - | Location, Chief Executive Office, Place Where Agreements Are Maintained, Type Of Organization, Jurisdiction Of Organization And Organizational Identification Number | ||
| Schedule II | - | Pledged Interests | ||
| Schedule III | - | Patents, Trademarks and Trade Names and Copyrights | ||
| Schedule IV | - | Commercial Tort Claims | ||
| Schedule V | - | Letters of Credit |
Exhibits:
| Exhibit A | - | Form of Security Agreement Supplement | ||||
| Exhibit B-1 | - | Form of Grant of Security Interest in Copyrights | ||||
| Exhibit B-2 | - | Form of Notice and Confirmation of Grant of Security Interest in Patents | ||||
| Exhibit B-3 | - | Form of Notice and Confirmation of Grant of Security Interest in Trademarks |
| Syniverse Security Agreement |
SECOND LIEN SECURITY AGREEMENT
SECOND LIEN SECURITY AGREEMENT dated March 9, 2018 (this “Agreement”) made by SYNIVERSE HOLDINGS, INC., a Delaware corporation (the “Borrower”), BUCCANEER HOLDINGS, LLC, a Delaware limited liability company (“Holdings”), and the Subsidiaries of the Borrower party hereto (the Borrower, Holdings and such Subsidiaries being, collectively, the “Grantors”), to BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Administrative Agent”) for the Secured Parties.
(1) The Borrower has entered into a Second Lien Credit Agreement dated of even date herewith (said Agreement, as it may hereafter be amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal amount outstanding thereunder), being the “Credit Agreement”) with Holdings, the Lenders and the Administrative Agent.
(2) Pursuant to the Credit Agreement, the Grantors are entering into this Agreement in order to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in the Collateral (as hereinafter defined).
(3) It is a condition precedent to the making of Loans by the Lenders under the Credit Agreement that the Grantors shall have granted the security interest and made the pledge contemplated by this Agreement.
(4) Each Grantor will derive substantial direct and indirect benefit from the transactions contemplated by the Loan Documents and the other Secured Documents (as defined herein).
(5) The Borrower is party to a Credit Agreement dated as of April 23, 2012 (said Agreement, as it may hereafter be amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal amount outstanding thereunder), being the “First Lien Credit Agreement”) with Holdings, the Lenders (as defined therein) and Barclays Bank PLC as administrative agent (the “First Lien Administrative Agent”).
(6) The Administrative Agent and the First Lien Administrative Agent have entered into an Intercreditor Agreement, acknowledged by the Grantors, dated the date hereof (as amended, waived, supplemented or otherwise modified from time to time, the “Base Intercreditor Agreement”) and the Administrative Agent and the First Lien Administrative Agent and/or one or more Additional Agent (as defined in the Base Intercreditor Agreement) may in the future enter into one or more Other Intercreditor Agreements or Additional Indebtedness Joinders (as defined in the Intercreditor Agreement).
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(7) Terms defined in the Credit Agreement and not otherwise defined in this Agreement are used in this Agreement as defined in the Credit Agreement, and capitalized terms in Section 24 that are defined in the Base Intercreditor Agreement and not otherwise defined in this Agreement or the Credit Agreement are used in Section 24 as defined in the Base Intercreditor Agreement. Further, unless otherwise defined in this Agreement or in the Credit Agreement, terms defined in Article 8 or 9 of the UCC (as defined below) are used in this Agreement as such terms are defined in such Article 8 or 9 (including Accounts, Certificated Security, Chattel Paper, Commercial Tort Claims, Commodity Account, Commodity Contract, Deposit Accounts, Documents, Equipment, Farm Products, Financial Assets, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter of Credit Rights, Securities Accounts, Securities Intermediary, Security, Security Entitlements and Supporting Obligations). “UCC” means the Uniform Commercial Code as defined in the Credit Agreement.
Section 1. Grant of Security. Each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to the following, other than Excluded Property (as hereinafter defined), in each case, as to each type of property described below, whether now owned or hereafter acquired by such Grantor, wherever located, and whether now or hereafter existing or arising (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper;
(d) all Commercial Tort Claims set forth on Schedule IV hereto or for which notice is provided pursuant to Section 5(b) below;
(e) all Deposit Accounts;
(f) all Documents;
(g) all Equipment;
(h) Subject to Section 23 hereof, all Fixtures;
(i) all General Intangibles;
(j) all Goods;
(k) all Instruments;
(l) all Inventory;
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(m) all Letter-of-Credit Rights;
(n) the following:
(i) all indebtedness from time to time owed to such Grantor; and
(ii) all Equity Interests from time to time acquired, owned or held by such Grantor in any manner, including, without limitation, the Equity Interests owned or held by each Grantor set forth opposite such Grantor’s name on and otherwise described on Schedule II (all such Equity Interests, being the “Pledged Interests”), and all proceeds (as such term is defined in Section 9-102(a)(64) of the UCC which shall include, without limitation, all dividends or other income from the Pledged Interests, collections thereon or distributions or payments with respect thereto) thereof; provided that such Grantor shall not be required to pledge, and the terms “Pledged Interests”, “Collateral” and “Security Collateral” (as defined below) used in this Agreement shall not include any Equity Interests in any Foreign Subsidiary in excess of 65% of any class of Equity Interests of such Subsidiary entitled to vote (within the meaning of Treasury Regulation Section 1.956-2(c)(2) promulgated under the Code);
(o) all Investment Property (provided that the grant of security interest pursuant to this clause (o) shall exclude Pledged Interests and Pledged Debt (as defined below) (both of which are included in the grant in clause (n) above) and any Equity Interests excluded by either such definitions) and all Financial Assets, and all proceeds (as such term is defined in Section 9-102(a)(64) of the UCC which shall include, without limitation, all dividends or other income from the Investment Property or Financial Assets, collections thereon or distributions or payments with respect thereto) thereof;
(p) all contracts and agreements between any Grantor and one or more additional parties (including, without limitation, any Swap Contracts, licensing agreements and any partnership agreements, joint venture agreements, limited liability company agreements) and the IP Agreements (as hereinafter defined), in each case as such agreements may be amended, amended and restated, supplemented or otherwise modified from time to time (collectively, the “Subject Agreements”), including, without limitation, all rights of such Grantor to receive moneys due and to become due under or pursuant to the Subject Agreements (all such Collateral in this clause (p) being the “Agreement Collateral”);
(q) with respect to any Grantor all of such Grantor’s right, title and interest in and to the following (collectively, the “Intellectual Property Collateral”):
(i) all United States patents, patent applications, utility models, statutory invention registrations and any reissues, reexaminations, substitutions, renewals, extensions, divisions, continuations, continuations-in-part and provisionals thereof and all rights to obtain any of the foregoing (“Patents”);
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(ii) all United States trademarks, service marks, domain names, trade dress, logos, designs, slogans, trade names, business names, corporate names and other source identifiers, whether registered or unregistered (provided that no security interest shall be granted in United States intent-to-use trademark or service xxxx applications to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark or service xxxx applications or the registrations issuing therefrom under applicable federal law), together, in each case, with the goodwill of the business connected therewith and symbolized thereby (“Trademarks”);
(iii) all United States copyrights, including, without limitation, copyrights in Computer Software (as hereinafter defined), internet web sites and the content thereof, whether registered or unregistered (“Copyrights”);
(iv) all computer software, programs and databases (including, without limitation, source code, object code and all related applications and data files), firmware and documentation and materials relating thereto and any substitutions, replacements, improvements, error corrections, updates and new versions of any of the foregoing, in the United States (“Computer Software”);
(v) all United States trade secrets, including, without limitation the following to the extent recognized as trade secrets under the laws of the state of creation in the United States, confidential and proprietary information, know-how, manufacturing and production processes and techniques, inventions, research and development information, databases and data, including, without limitation, technical data, financial, marketing and business data, pricing and cost information, business and marketing plans and customer and supplier lists and information (collectively, “Trade Secrets”);
(vi) all United States registrations and applications for registration for any of the foregoing, including, without limitation, those registrations and applications for registration set forth in Schedule III hereto (as such Schedule III may be supplemented from time to time by supplements to this Agreement, each such supplement being substantially in the form of the Intellectual Property Security Agreements executed by such Grantor to the Administrative Agent from time to time), together with all reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations thereof;
(vii) all United States agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any intellectual property to which such Grantor, now or hereafter, is a party (“IP Agreements”); and
(viii) any claims for damages and injunctive relief for past, present and future infringement, dilution, misappropriation, violation, misuse or breach with respect to any of the foregoing, with the right, but not the obligation, to xxx for and collect, or otherwise recover, such damages;
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(r) all books and records (including, without limitation, customer lists, credit files, printouts and other computer output materials and records) of such Grantor pertaining to any of the Collateral; and
(s) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of the Collateral (including, without limitation, proceeds, collateral and Supporting Obligations that constitute property of the types described in clauses (a) through (r) of this Section 1), and, to the extent not otherwise included, all payments under insurance (whether or not the Administrative Agent is the loss payee thereof), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral;
provided that notwithstanding anything to the contrary contained in the foregoing clauses (a) through (s), the security interest created by this Agreement shall not extend to, and the terms “Collateral,” “Security Collateral,” “Agreement Collateral,” “Intellectual Property Collateral” and other terms defining the components of the Collateral in the foregoing clauses (a) through (s) shall not include, any of the following (collectively, the “Excluded Property”):
(i) any Equity Interests issued by an Unrestricted Subsidiary or a Subsidiary of a Foreign Subsidiary;
(ii) any Equity Interests in any Foreign Subsidiary in excess of 65% of any class of Equity Interests of such Subsidiary entitled to vote (within the meaning of Treasury Regulation Section 1.956-2(c)(2) promulgated under the Code);
(iii) any right, title or interest in or to any patents, utility models, statutory invention registrations, trademarks, service marks, domain names, trade dress, logos, designs, slogans, trade names, business names, corporate names and other source identifiers, copyrights, computer software, programs and databases, firmware and documentation and materials relating thereto, trade secrets or other intellectual property, and all applications or registrations thereof, and all agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any intellectual property, in each case, governed by or arising or existing under, pursuant to or by virtue of the laws of any jurisdiction other than the United States of America or state thereof (collectively, “Foreign Intellectual Property”);
(iv) any lease, license or other agreement, contract, instrument or any property subject to a purchase money security interest or other similar arrangement permitted under the Credit Agreement to the extent that (and only for so long as) a grant of a security interest therein would violate or invalidate such lease, license, agreement, contract, instrument or purchase money security interest or similar arrangement, or create a right of termination in favor of any other party thereto other than any Grantor, in each case to the extent not rendered unenforceable pursuant to applicable provisions of the UCC or other applicable law, provided, that the Collateral includes proceeds and receivables of any property excluded under this clause (iv), the assignment of which is expressly deemed effective under the UCC notwithstanding such prohibition;
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(v) any Equity Interests in Joint Ventures to the extent that the grant of a security interest therein would require the consent of any Person (other than an Affiliate of the Borrower) pursuant to such Joint Venture’s joint venture agreement or other Organization Document which consent has not been obtained;
(vi) any leasehold interests in real property (including Fixtures related thereto) (and there shall be no requirement to deliver landlord lien waivers, estoppels or collateral access letters);
(vii) any motor vehicles and other assets subject to a certificate of title;
(viii) any aircraft, airframes, aircraft engines or helicopters, or any equipment or other assets constituting a part thereof;
(ix) any property of any Grantor, to the extent (A) that any applicable Law or Governmental Authority prohibits the creation of a Lien thereon or such creation would require a consent of any Governmental Authority that has not been obtained or (B) the grant of such security interest would result in adverse tax consequences (including as a result of the operation of Section 956 of the Code or any similar law or regulation in any applicable jurisdiction) as reasonably determined by the Borrower in good faith, and as certified in writing to the Administrative Agent by a Responsible Officer of the Borrower;
(x) any property of any Grantor, to the extent that the Administrative Agent and the Borrower reasonably agree that the cost of obtaining a security interest therein, or perfection thereof, would be excessive in relation to the benefit obtained thereby;
(xi) Letter of Credit Rights (other than supporting obligations for Collateral) with an individual stated amount, and Commercial Tort Claims with an individual stated amount, in each case, of less than $7,500,000; provided that no control agreement shall be required in connection therewith;
(xii) any fee interest in owned real property (including Fixtures related thereto) if the fair market value of such fee interest is less than $7,500,000 individually; and
(xiii) any margin stock (within the meaning of Regulation U issued by the FRB);
provided, further, that notwithstanding anything to the contrary contained in the foregoing clauses (a) through (s), no Grantor shall be required to (x) enter into control agreements with respect to, or otherwise perfect any security interest by “control”, including over securities accounts, deposit accounts, other bank accounts, cash and cash equivalents and accounts related to the clearing, payment processing and similar operations of the Borrower and its Restricted
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Subsidiaries, other than Pledged Interests and Pledged Debt, (y) take any action in any jurisdiction (other than in the United States of America, any state thereof and the District of Columbia) to perfect any security interest in any Collateral, including in Equity Interests of Foreign Subsidiaries, or (z) perfect the security interest in the following other than by the filing of a UCC financing statement: (1) Fixtures, except to the extent that the same are Equipment or are related to real property covered or intended by the Loan Documents to be covered by a mortgage in favor of the Lenders, (2) Subject Agreements, (3) goods included in Collateral received by any Person from any Grantor for “sale or return” within the meaning of Section 2-326 of the Uniform Commercial Code of the applicable jurisdiction, to the extent of claims of creditors of such Person, (4) Cash Equivalents, (5) proceeds of Accounts or Inventory which do not themselves constitute Collateral and (6) uncertificated securities (clauses (x), (y) and (z) collectively, the “Perfection Exceptions”).
Section 2. Security for Obligations. This Agreement secures, in the case of each Grantor, the payment of all Obligations of such Grantor now or hereafter existing under the Loan Documents (collectively, the “Secured Documents”) (as such Secured Documents may be amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal amount outstanding thereunder)), whether direct or indirect, absolute or contingent, and whether for principal, reimbursement obligations, interest, fees, premiums, penalties, indemnifications, contract causes of action, costs, expenses or otherwise (all such Obligations being the “Secured Obligations”). Without limiting the generality of the foregoing, this Agreement secures, as to each Grantor, the payment of all amounts that constitute part of the Secured Obligations that would be owed by such Grantor to any Secured Party under the Secured Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, or reorganization or similar proceeding involving a Loan Party.
Section 3. Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in such Grantor’s Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) no Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or any other Secured Document, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.
Section 4. Delivery and Control of Security Collateral.
(a) As and to the extent required pursuant to Sections 6.12(a), 6.14 and 6.16 of the Credit Agreement, (i) all certificates representing or evidencing the Pledged Interests and (ii) all instruments representing or evidencing indebtedness from time to time owed to any Grantor by Holdings, the Borrower or any of its Subsidiaries in an aggregate principal amount in excess of $7,500,000 (the “Pledged Debt” and, together with the Pledged Interests, the “Security Collateral”) shall be delivered to and held by or on behalf of the Administrative Agent pursuant
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hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Administrative Agent. During the continuation of an Event of Default, the Administrative Agent shall have the right, at any time in its discretion and without notice to any Grantor, to (i) transfer to or to register in the name of the Administrative Agent or any of its nominees any or all of the Security Collateral, subject only to the revocable rights specified in Section 11(a), (ii) exchange certificates or instruments representing or evidencing Security Collateral for certificates or instruments of smaller or larger denominations, and (iii) convert Financial Assets credited to any Securities Account to Security Collateral consisting of Financial Assets held directly by the Administrative Agent, and to convert Financial Assets held directly by the Administrative Agent to Security Collateral consisting of Financial Assets credited to any Securities Account.
(b) Promptly upon the reasonable request of the Administrative Agent, with respect to any Security Collateral in which any Grantor has any right, title or interest and that constitutes an uncertificated security of a Subsidiary, such Grantor will cause the issuer thereof either (i) to register the Administrative Agent as the registered owner of such security or (ii) to agree in an authenticated record with such Grantor and the Administrative Agent that such issuer will comply with instructions with respect to such security originated by the Administrative Agent without further consent of such Grantor, such authenticated record to be in form and substance reasonably satisfactory to the Administrative Agent. During the continuation of an Event of Default, with respect to any Security Collateral in which any Grantor has any right, title or interest and that is not an uncertificated security, promptly upon the request of the Administrative Agent, such Grantor will notify each such issuer of Pledged Interests that such Pledged Interests is subject to the security interest granted hereunder.
(c) During the continuation of an Event of Default, promptly upon the request of the Administrative Agent, such Grantor will notify each such issuer of Pledged Debt that such Pledged Debt is subject to the security interest granted hereunder.
Section 5. Maintaining Collateral Accounts, Electronic Chattel Paper, Transferable Records and Letter-of-Credit Rights; Giving Notice of Commercial Tort Claims; Letter of Credit Rights. So long as any Loan or any other Obligation of any Loan Party under any Secured Document shall remain unpaid (other than contingent indemnification obligations as to which no claim has been asserted):
(a) During the continuation of an Event of Default, promptly upon the request of the Administrative Agent, each Grantor will maintain all (i) Electronic Chattel Paper so that the Administrative Agent has control of the Electronic Chattel Paper in the manner specified in Section 9-105 of the UCC and (ii) all transferable records so that the Administrative Agent has control of the transferable records in the manner specified in Section 16 of the Uniform Electronic Transactions Act, as in effect in the jurisdiction governing such transferable record (“UETA”);
(b) Each Grantor will give prompt notice to the Administrative Agent of any individual Commercial Tort Claim with a claimed amount in excess of $7,500,000 that may arise after the date hereof and will promptly execute or otherwise authenticate a supplement to this Agreement and otherwise take all necessary action, to subject such Commercial Tort Claim to the security interest created under this Agreement.
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(c) Each Grantor, by granting a security interest in Letter of Credit Rights with a stated amount in excess of $7,500,000 to the Administrative Agent, intends to (and hereby does) assign to the Administrative Agent its rights (including its contingent rights) to the proceeds of all such Letter of Credit Rights of which it is or hereafter becomes a beneficiary or assignee. Each Grantor will promptly use commercially reasonable efforts to cause the issuer of each applicable letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof pursuant to a consent agreement in form and substance reasonably satisfactory to the Administrative Agent and deliver written evidence of such consent to the Administrative Agent. Upon the occurrence and continuation of an Event of Default, each Grantor will, promptly upon request by the Administrative Agent, (i) notify (and such Grantor hereby authorizes the Administrative Agent to notify, upon written notice to such Grantor of its intention to do so) the issuer and each nominated person with respect to each of the letters of credit that the Letter of Credit Rights have been assigned to the Administrative Agent hereunder and any payments due or to become due in respect thereof are to be made directly to the Administrative Agent or its designee and (ii) arrange for the Administrative Agent to become the transferee beneficiary of such letter of credit.
Section 6. Representations and Warranties. Each Grantor represents and warrants as follows (it being understood that none of the foregoing applies to the Excluded Property):
(a) As of the Closing Date and, after the Closing Date, except as otherwise notified to the Administrative Agent pursuant to Section 9(a), (i) such Grantor’s exact legal name, as defined in Section 9- 503(a) of the UCC, type of organization, jurisdiction of organization, organizational identification number (if any) and taxpayer identification number, is correctly set forth in Schedule I hereto, (ii) such Grantor is located (within the meaning of Section 9-307 of the UCC) and has its chief executive office, in the state or jurisdiction set forth in Schedule I hereto and (iii) such Grantor has no trade names other than as listed on Schedule I hereto and within the 5 years preceding the Closing Date, has not changed its name, location, chief executive office, type of organization, jurisdiction of organization, organizational identification number or taxpayer identification number from those set forth on Schedule I, except as described on Schedule I.
(b) (i) All Pledged Interests consisting of certificated securities and (ii) Pledged Debt have been delivered to the Administrative Agent in accordance herewith and the Credit Agreement.
(c) [Reserved].
(d) The Pledged Interests pledged by such Grantor on the Closing Date constitute the percentage of the issued and outstanding Equity Interests of the issuers thereof indicated on Schedule II hereto.
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(e) Upon the filing of appropriate financing statements and the recordation of the Intellectual Property Security Agreements with the U.S. Patent and Trademark Office and the U.S. Copyright Office, all actions necessary to perfect the security interest in the Collateral of such Grantor created under this Agreement with respect to which a Lien may be perfected by filing and recordation pursuant to the UCC or 35 X.X.X. §000, 00 X.X.X. §0000 or 17 U.S.C. §205 shall have been duly made or taken, and this Agreement shall create in favor of the Administrative Agent for the benefit of the Secured Parties a valid and, together with such filings, recordations and other actions, perfected security interest in such Collateral of such Grantor (subject to Permitted Liens), securing the payment of the Secured Obligations to the extent provided herein.
(f) Except as could not reasonably be expected to have a Material Adverse Effect:
(i) The operation of such Grantor’s business as currently conducted and the use of the Intellectual Property Collateral in connection therewith do not conflict with, infringe, misappropriate, dilute, misuse or otherwise violate the intellectual property rights of any third party.
(ii) Such Grantor is the owner of all right, title and interest in and to the Intellectual Property Collateral, or is entitled to use all Intellectual Property Collateral in the United States subject only to the terms of the IP Agreements.
(iii) As of the Closing Date (giving effect to the Transactions), the Intellectual Property Collateral set forth on Schedule III hereto includes all of the patents, patent applications, trademark and service xxxx registrations and applications, copyright registrations and registered domain names owned by such Grantor and material to such Grantor’s business.
(iv) The issued Patents, registered Trademarks and registered Copyrights and applications therefor are subsisting and have not been adjudged invalid or unenforceable in whole or part, and to such Grantor’s knowledge, are valid and enforceable. Such Grantor is not aware of any uses of any such issued Patent, registered Trademark or registered Copyright that could be expected to lead to such item becoming invalid or unenforceable.
(v) Except as permitted by the Loan Documents or set forth on the schedules to the Credit Agreement or this Security Agreement, such Grantor has made or performed all filings, recordings and other acts and has paid all required fees and taxes to maintain and protect its interest in each and every issued Patent, registered Trademark and registered Copyright and each application therefor in full force and effect in the United States, and to protect and maintain its interest therein including, without limitation, recordations of any of its interests in the issued Patents and registered Trademarks (and applications therefor) with the U.S. Patent and Trademark Office, and recordation of any of its interests in the registered Copyrights (and applications therefor) with the U.S. Copyright Office. To the extent commercially practical and required by applicable Laws, such Grantor has used proper statutory notice in connection with its use of each patent, trademark and copyright in the Intellectual Property Collateral.
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(vi) No claim, action, suit, investigation, litigation or proceeding has been asserted or is pending or to such Grantor’s knowledge threatened against such Grantor (i) challenging the validity, enforceability, registration or use of any of the Intellectual Property Collateral or (ii) alleging that the Grantor’s rights in or use of the Intellectual Property Collateral or that any services provided by, processes used by, or products manufactured or sold by, such Grantor infringe, misappropriate, dilute, misuse or otherwise violate any patent, trademark, copyright or any other proprietary right of any third party. To the knowledge of such Grantor, no Person is engaging in any activity that infringes, misappropriates, dilutes, misuses or otherwise violates such Grantor’s Intellectual Property Collateral or such Grantor’s rights in or use thereof.
(vii) To such Grantor’s knowledge, (A) none of the Trade Secrets of such Grantor has been used, divulged, disclosed or appropriated to the detriment of such Grantor for the benefit of any other Person other than such Grantor; (B) no employee, independent contractor or agent of such Grantor has misappropriated any trade secrets of any other Person in the course of the performance of his or her duties as an employee, independent contractor or agent of such Grantor; and (C) no employee, independent contractor or agent of such Grantor is in default or breach of any term of any employment agreement, non-disclosure agreement, assignment of inventions agreement or similar agreement or contract relating in any way to the protection, ownership, development, use or transfer of such Grantor’s Intellectual Property Collateral.
(viii) No Grantor or Intellectual Property Collateral is subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling restricting the use of any Intellectual Property Collateral or that would impair the validity or enforceability of such Intellectual Property Collateral.
(g) Such Grantor has no Commercial Tort Claims with an individual claimed value in excess of $7,500,000 on the Closing Date other than those listed in Schedule IV and additional Commercial Tort Claims as to which such Grantor has complied with the requirements of Section 5(b) hereof.
(h) Such Grantor has no Letter of Credit Rights with an individual stated amount in excess of $7,500,000 on the Closing Date other than those listed in Schedule V and additional Letter of Credit Rights as to which such Grantor has complied with the requirements of Section 5(c) hereof.
Section 7. Further Assurances.
(a) Each Grantor agrees that from time to time, at the expense of such Grantor, such Grantor will promptly execute and deliver, or otherwise authenticate, all further instruments and documents, and take all further action that may be necessary or that the Administrative Agent may reasonably request, in order to perfect and protect any pledge or security interest granted or purported to be granted by such Grantor hereunder or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral of
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such Grantor, subject in each case to the Perfection Exceptions. Without limiting the generality of the foregoing, each Grantor will, upon the Administrative Agent’s reasonable request, promptly with respect to Collateral of such Grantor: (i) if any such Collateral with a value in excess of $7,500,000 shall be evidenced by a promissory note or other instrument or Chattel Paper, deliver and pledge to the Administrative Agent hereunder such note or instrument or Chattel Paper duly indorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to the Administrative Agent (subject to the Perfection Exceptions); (ii) execute or authenticate and file such financing or continuation statements, or amendments thereto, and such other instruments or notices, as may be reasonably necessary or desirable, or as the Administrative Agent may reasonably request, in order to perfect and preserve the security interest granted or purported to be granted by such Grantor hereunder; (iii) deliver and pledge to the Administrative Agent for benefit of the Secured Parties certificates representing Security Collateral that constitutes certificated securities, accompanied by undated stock or bond powers executed in blank (to the extent required to be pledged pursuant to the Credit Agreement or this Agreement) and (iv) deliver to the Administrative Agent evidence that all other action (subject to the Perfection Exceptions) that the Administrative Agent may deem reasonably necessary or desirable in order to perfect and protect the security interest granted or purported to be granted by such Grantor under this Agreement has been taken.
(b) Each Grantor hereby authorizes the Administrative Agent to file one or more UCC financing or continuation statements, and amendments thereto, including, without limitation, one or more UCC financing statements indicating that such financing statements cover all assets or all personal property (or words of similar effect) of such Grantor, in each case without the signature of such Grantor, and regardless of whether any particular asset described in such financing statements falls within the scope of the UCC or the granting clause of this Agreement. Each Grantor ratifies its authorization for the Administrative Agent to have filed such financing statements, continuation statements or amendments filed prior to the date hereof.
Section 8. As to Insurance. Each Grantor shall use commercially reasonable efforts to ensure that each insurance policy of such Grantor shall name the Administrative Agent as loss payee and additional insured thereunder, in each case in a manner reasonably satisfactory to the Administrative Agent, and shall in addition (i) provide for all losses to be paid on behalf of the Administrative Agent and such Grantor as their interests may appear, (ii) name such Grantor and the Administrative Agent as insured parties thereunder (without any representation or warranty by or obligation upon the Administrative Agent) as their interests may appear, (iii) provide that there shall be no recourse against the Administrative Agent for payment of premiums or other amounts with respect thereto and (iv) provide that at least 10 days’ prior written notice of cancellation or of lapse shall be given to the Administrative Agent by the insurer; provided that, unless an Event of Default shall have occurred and be continuing, (1) the Administrative Agent shall turn over to such Grantor any amounts received by it as loss payee under any property insurance maintained by such Grantor, (2) the Administrative Agent agrees that such Grantor shall have the sole right to adjust or settle any claims under such insurance and (3) all Net Cash Proceeds realized or received with respect to any Casualty Event shall be paid to such Grantor.
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Section 9. Post-Closing Changes; Bailees; Collections on Subject Agreements and Accounts.
(a) (i) Each Grantor shall promptly notify the Administrative Agent of any change in its name, type of organization, organizational identification number, taxpayer identification number or, only with respect to Grantors that are not organized under the law of any state in the United States, location of chief executive offices, from that set forth in Schedule I and in any event no later than 30 days following such change and (ii) no Grantor will change its jurisdiction of organization from that set forth in Schedule I without (1) first giving at least 10 days (or such lesser period of time as the Administrative Agent may agree) prior written notice (or subsequent written notice if the Administrative Agent agrees in its reasonable discretion) to the Administrative Agent or (2) delivery to the Administrative Agent, concurrently with such change, a UCC financing statement or financing statement amendment prepared for filing in order to maintain the perfection of the Liens against such Grantor and, in each case, shall take all action required by the Administrative Agent for the purpose of perfecting or protecting the security interest granted by this Agreement.
(b) During the continuation of an Event of Default, if Collateral of any Grantor with an aggregate value in excess of $7,500,000 is at any time in the possession or control of a warehouseman, bailee or agent, upon the request of the Administrative Agent such Grantor will (i) notify such warehouseman, bailee or agent of the security interest created hereunder, (ii) instruct such warehouseman, bailee or agent to hold all such Collateral solely for the Administrative Agent’s account subject only to the Administrative Agent’s instructions, (iii) use commercially reasonable efforts to cause such warehouseman, bailee or agent to authenticate a record (in form and substance reasonably satisfactory to the Administrative Agent) acknowledging that it holds possession of such Collateral for the Administrative Agent’s benefit and shall act solely on the instructions of the Administrative Agent without the further consent of the Grantor or any other Person, and (iv) if obtained, make such authenticated record available to the Administrative Agent.
(c) Except as otherwise provided in this Section 9(c), each Grantor will continue to collect, at its own expense, all amounts due or to become due to such Grantor under its Accounts. In connection with such collections, such Grantor may take (and, at the Administrative Agent’s direction during the continuation of an Event of Default, shall take) such commercially reasonable action as such Grantor (or during the continuation of an Event of Default the Administrative Agent) may deem necessary or advisable to enforce collection thereof; provided, however, that the Administrative Agent shall have the right at any time upon the occurrence and during the continuance of an Event of Default and upon written notice to such Grantor of its intention to do so, to notify the Obligors under any Accounts, of the assignment of such Accounts to the Administrative Agent and to direct such Obligors to make payment of all amounts due or to become due to such Grantor thereunder directly to the Administrative Agent and, upon such notification and at the expense of such Grantor, to enforce collection of any such Accounts, to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as such Grantor might have done, and to otherwise exercise all rights with respect to such Accounts, including, without limitation, those set forth set forth in Section 9-607 of the UCC. After receipt by any Grantor of the notice from the Administrative Agent referred to in the proviso to the preceding sentence and during the continuation of an Event of Default, (i)
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all amounts and proceeds (including, without limitation, instruments) received by such Grantor in respect of the Accounts of such Grantor shall be received in trust for the benefit of the Administrative Agent hereunder, shall be segregated from other funds of such Grantor and shall be either (A) released to such Grantor to the extent permitted under the terms of the Credit Agreement so long as no Event of Default shall have occurred and be continuing or (B) if any Event of Default shall have occurred and be continuing, applied as provided in Section 8.04 of the Credit Agreement and (ii) except with the consent of the Administrative Agent, such consent not to be unreasonably withheld, such Grantor will not adjust, settle or compromise the amount or payment of any Account, release wholly or partly any Obligor thereof, or allow any credit or discount thereon. No Grantor will permit or consent to the subordination of its right to payment under any of the Accounts to any other indebtedness or obligations of the Obligor thereof except with the consent of the Administrative Agent, such consent not to be unreasonably withheld.
Section 10. As to Intellectual Property Collateral.
(a) With respect to each item of its Intellectual Property Collateral, each Grantor agrees to take, at its expense, all commercially reasonable steps in the United States, including, without limitation, in the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other domestic governmental authority, to (i) maintain the validity and enforceability of such Intellectual Property Collateral and maintain such Intellectual Property Collateral in full force and effect, and (ii) pursue the registration and maintenance of each patent, trademark, or copyright registration or application, now or hereafter included in such Intellectual Property Collateral of such Grantor, including, without limitation, the payment of required fees and taxes, the filing of responses to office actions issued by the U.S. Patent and Trademark Office, the U.S. Copyright Office or other domestic governmental authorities, the filing of applications for renewal or extension, the filing of affidavits under Sections 8 and 15 of the U.S. Trademark Act, the filing of divisional, continuation, continuation-in-part, reissue and renewal applications or extensions, the payment of maintenance fees and the participation in interference, reexamination, opposition, cancellation, infringement and misappropriation proceedings, except, in each case, (A) as permitted by the Loan Documents or (B) to the extent failure to act could not reasonably be expected to cause a Material Adverse Effect.
(b) Such Grantor shall use proper statutory notice to the extent required by applicable Laws and commercially practical in connection with its use of its Patents, Trademarks and Copyrights that are material to the business of the Borrower and its Restricted Subsidiaries. Except as could not be reasonably expected to have a Material Adverse Effect, no Grantor shall do or permit any act or knowingly omit to do any act whereby any of its Intellectual Property Collateral may lapse or become invalid or unenforceable or placed in the public domain.
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(c) Except where failure to do so could not reasonably be expected to cause a Material Adverse Effect, but subject to pre-existing rights and licenses, each Grantor shall take all commercially reasonable steps in the United States which it or the Administrative Agent (during the continuation of an Event of Default) deems reasonable and appropriate under the circumstances to preserve and protect each item of its Intellectual Property Collateral, including, without limitation, maintaining the quality of any and all products or services used or provided in connection with any of the Trademarks, consistent with the quality of the products and services as of the date hereof, and taking all steps necessary to ensure that all licensed users of any of the Trademarks use such consistent standards of quality, except as permitted by the Loan Documents.
(d) With respect to its United States Patents, Trademarks and Copyrights that are issued, registered or the subject of an application, each Grantor agrees, within sixty (60) days after the request of the Administrative Agent, or such longer period as the Administrative Agent may agree in its sole discretion, to execute or otherwise authenticate an agreement, in substantially the form set forth in Exhibit B-1, B-2 or B-3 hereto, as applicable, or otherwise in form and substance satisfactory to the Administrative Agent (the “Intellectual Property Security Agreements”), for recording the security interest granted hereunder to the Administrative Agent in such Patents, Trademarks and Copyrights with the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other domestic governmental authorities necessary to perfect the security interest hereunder in such Intellectual Property Collateral.
(e) Each Grantor agrees that should it obtain an ownership interest in any United States patent or patent application, registered trademark or service xxxx or trademark or service xxxx application (other than “intent to use” trademark or service xxxx applications) or registered copyright or copyright application that is not, as of the Closing Date, a part of the Intellectual Property Collateral (“After-Acquired Intellectual Property”) (i) the provisions of this Agreement shall automatically apply thereto, and (ii) any such After-Acquired Intellectual Property and, in the case of trademarks and service marks, the goodwill of the business connected therewith and symbolized thereby, shall automatically become part of the Intellectual Property Collateral subject to the terms and conditions of this Agreement with respect thereto. Each Grantor shall, within sixty (60) days after the request of the Administrative Agent, or such longer period as the Administrative Agent may agree in its sole discretion, execute and deliver to the Administrative Agent, or otherwise authenticate, an agreement substantially in the form of the relevant Intellectual Property Security Agreement, covering such After-Acquired Intellectual Property, which shall be recorded with the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other domestic governmental authorities necessary to perfect the security interest hereunder in such After-Acquired Intellectual Property.
Section 11. Voting Rights; Dividends; Etc.
(a) So long as no Event of Default shall have occurred and be continuing:
(i) Each Grantor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Security Collateral of such Grantor or any part thereof for any purpose; provided, however, that such Grantor will not exercise or refrain from exercising any such right in a manner prohibited by the Credit Agreement.
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(ii) Each Grantor shall be entitled to receive and retain any and all dividends, interest and other distributions paid in respect of the Security Collateral of such Grantor if and to the extent that the payment thereof is not otherwise prohibited by the terms of the Loan Documents; provided, however, that with respect to any and all
(A) dividends, interest and other distributions paid or payable other than in cash in respect of, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Security Collateral,
(B) dividends and other distributions paid or payable in cash in respect of any Security Collateral in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in-surplus, and
(C) cash paid, payable or otherwise distributed in respect of principal of, or in redemption of, or in exchange for, any Security Collateral,
(x) in the case of the foregoing clause (A), to the extent that any such property is distributed in respect of any Security Collateral, such property shall be deemed to constitute acquired property and shall be forthwith delivered to the Administrative Agent as Security Collateral in the same form as so received (with any necessary indorsement) to the extent required by, and in accordance with, the provisions of Section 6.12 of the Credit Agreement and (y) in the case of the foregoing clauses (B) and (C), to the extent that any such cash is distributed in respect of any Security Collateral, such cash shall be subject to the provisions of the Credit Agreement applicable to the proceeds of an Asset Sale or other disposition of property.
(iii) The Administrative Agent will execute and deliver (or cause to be executed and delivered) to each Grantor all such proxies and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and other rights that it is entitled to exercise pursuant to paragraph (i) above and to receive the dividends or interest payments that it is authorized to receive and retain pursuant to paragraph (ii) above.
(b) Upon the occurrence and during the continuance of an Event of Default:
(i) Upon notice to the applicable Grantor, all rights of such Grantor (x) to exercise or refrain from exercising the voting and other consensual rights that it would otherwise be entitled to exercise pursuant to Section 11(a)(i) shall, upon notice to such Grantor by the Administrative Agent, cease and (y) to receive the dividends, interest and other distributions that it would otherwise be
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authorized to receive and retain pursuant to Section 11(a)(ii) shall automatically cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall thereupon have the sole right to exercise or refrain from exercising such voting and other consensual rights and to receive and hold as Security Collateral such dividends, interest and other distributions.
(ii) All dividends, interest and other distributions that are received by any Grantor contrary to the provisions of paragraph (i) of this Section 11(b) shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the Administrative Agent as Security Collateral in the same form as so received (with any necessary indorsement).
Section 12. Administrative Agent as Bailee for the Grantors. In the event that at any time, any Equity Interests owned by any Grantor and held by the Administrative Agent constitute Excluded Property (including any such Equity Interests constituting Pledged Interests at the time of delivery to the Administrative Agent that later become Excluded Property), and for so long as they constitute Excluded Property, any such Equity Interests in the possession of the Administrative Agent, shall be held by the Administrative Agent solely as gratuitous bailee for the applicable Grantor and such Pledged Interests will not be subject to Section 1 or any Lien or security interest created pursuant thereto. The Administrative Agent, at the request of the applicable Grantor, shall promptly return to such Grantor any Equity Interests held by the Administrative Agent constituting Excluded Property.
Section 13. Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Administrative Agent such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Administrative Agent’s discretion, to take any action and to execute any instrument that the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:
(a) to obtain and adjust insurance required to be paid to the Administrative Agent,
(b) to ask for, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral,
(c) to receive, indorse and collect any drafts or other instruments, documents and Chattel Paper, in connection with clause (a) or (b) above, and
(d) to file any claims or take any action or institute any proceedings that the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce compliance with the terms and conditions of any Subject Agreement or the rights of the Administrative Agent with respect to any of the Collateral.
Section 14. Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, after providing notice to such Grantor of its intent to do so, but without any obligation to do so, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17.
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Section 15. The Administrative Agent’s Duties. The powers conferred on the Administrative Agent hereunder are solely to protect the Secured Parties’ interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral, as to ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not any Secured Party has or is deemed to have knowledge of such matters, or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral. The Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to that which it accords its own property.
Section 16. Remedies. If any Event of Default shall have occurred and be continuing:
(a) The Administrative Agent may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party upon default under the UCC (whether or not the UCC applies to the affected Collateral) and also may: (i) require each Grantor to, and each Grantor hereby agrees that it will at its expense and upon request of the Administrative Agent forthwith, assemble all or part of the Collateral as directed by the Administrative Agent and make it available to the Administrative Agent at a place and time to be designated by the Administrative Agent that is reasonably convenient to both parties; (ii) without notice except as specified below, but subject to pre-existing rights and licenses, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable; (iii) occupy any premises owned or leased by any of the Grantors where the Collateral or any part thereof is assembled or located for a reasonable period in order to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of such occupation; and (iv) to the maximum extent permitted by applicable law, exercise any and all rights and remedies of any of the Grantors under or in connection with the Collateral, or otherwise in respect of the Collateral, including, without limitation, (A) any and all rights of such Grantor to demand or otherwise require payment of any amount under, or performance of any provision of, the Subject Agreements, the Accounts and the other Collateral and (B) exercise all other rights and remedies with respect to the Subject Agreements, the Accounts and the other Collateral, including, without limitation, those set forth in Section 9-607 of the UCC. Each Grantor agrees that, to the extent notice of sale shall be required by law, to the maximum extent permitted by applicable law, at least ten (10) days’ notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. To the maximum extent permitted by applicable law, the Administrative Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.
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(b) All payments received by any Grantor under or in connection with any Subject Agreement or otherwise in respect of the Collateral shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the Administrative Agent in the same form as so received (with any necessary indorsement).
(c) The Administrative Agent may, without notice to any Grantor except as required by law, at any time or from time to time, charge, set-off and otherwise apply all or any part of the Secured Obligations against any funds held with respect to any Deposit Account that is not an Exempt Deposit Account. For purposes of this Agreement, the term “Exempt Deposit Account” shall mean any Deposit Account owned by or in the name of a Loan Party with respect to which such Loan Party is acting as a fiduciary for another Person who is not a Loan Party.
(d) Any cash held by or on behalf of the Administrative Agent and all cash proceeds received by or on behalf of the Administrative Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral may, in the discretion of the Administrative Agent, be held by the Administrative Agent as collateral for, and/or then or at any time thereafter applied (after payment of any amounts payable to the Administrative Agent pursuant to Section 17) in whole or in part by the Administrative Agent against, all or any part of the Secured Obligations, in the manner set forth in Section 8.04 of the Credit Agreement.
(e) In the event of any sale or other disposition of any of the Trademarks of any Grantor, the goodwill symbolized by any Trademarks subject to such sale or other disposition shall be included therein as may be required by applicable Laws so that the transfer of such Trademarks could not reasonably be expected to be determined by a Governmental Authority to be an “assignment in gross.” To enable the Administrative Agent to exercise its rights and remedies under this Section 16, upon the occurrence and during the continuation of an Event of Default, each Grantor hereby grants to the Administrative Agent, a non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor) during the period when the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use or sublicense any of the Intellectual Property Collateral of such Grantor, and in connection with such license, such Grantor shall, subject to pre-existing rights and licenses (including confidentiality requirements), provide the Administrative Agent or its designee with access to such Grantor’s know how and expertise, and tangible embodiments of any such licensed Intellectual Property Collateral.
(f) If the Administrative Agent shall determine to exercise its right to sell all or any of the Security Collateral of any Grantor pursuant to this Section 16, each Grantor agrees that, upon request of the Administrative Agent, such Grantor will, subject to pre-existing rights and licenses, at its own expense, use its reasonable best efforts to do or cause to be done all such other acts and things as may be necessary to make such sale of such Security Collateral or any part thereof valid and binding and in compliance with applicable Laws.
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(g) Subject to compliance with applicable law, including the Securities Act of 1933 and the Securities Exchange Act and all rules and regulations thereunder, the Administrative Agent is authorized, in connection with any sale of the Security Collateral pursuant to this Section 16, to deliver or otherwise disclose to any prospective purchaser of the Security Collateral: (i) any registration statement or prospectus, and all supplements and amendments thereto; (ii) any information and projections; and (iii) any other information in its possession relating to such Security Collateral.
(h) Each Grantor acknowledges the impossibility of ascertaining the amount of damages that would be suffered by the Secured Parties by reason of the failure by such Grantor to perform any of the covenants contained in Section 16(f) above and, consequently, agrees that Section 16(f) shall be specifically enforceable against such Grantor.
Section 17. Expenses. Each Grantor will upon demand pay to the Administrative Agent the amount of any and all reasonable and documented out-of-pocket expenses, including, without limitation, the reasonable and documented out-of-pocket fees and expenses of its counsel that the Administrative Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from or other realization upon, any of the Collateral of such Grantor, (iii) the exercise or enforcement of any of the rights of the Administrative Agent or the other Secured Parties hereunder or (iv) the failure by such Grantor to perform or observe any of the provisions hereof, in each case, in the manner and solely to the extent set forth in Section 10.04 of the Credit Agreement.
Section 18. Amendments; Waivers; Additional Grantors; Etc.
(a) Subject to Section 10.01 of the Credit Agreement, no amendment or waiver of any provision of this Agreement, and no consent to any departure by any Grantor herefrom, shall in any event be effective unless the same shall be in writing and signed by the Administrative Agent and the Grantors, and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. No failure on the part of the Administrative Agent or any other Secured Party to exercise, and no delay in exercising any right hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.
(b) Upon the execution and delivery, or authentication, by any Person of a security agreement supplement in substantially the form of Exhibit A hereto (each a “Security Agreement Supplement”), (i) such Person shall be referred to as an “Additional Grantor” and shall be and become a Grantor hereunder, and each reference in this Agreement and the other Loan Documents to “Grantor” shall also mean and be a reference to such Additional Grantor, and each reference in this Agreement and the other Loan Documents to “Collateral” shall also mean and be a reference to the Collateral of such Additional Grantor, and (ii) the supplemental schedules I through IV attached to each Security Agreement Supplement shall be incorporated into and become a part of and supplement Schedules I through IV, respectively, hereto, and the Administrative Agent may attach such supplemental schedules to such Schedules; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Supplement.
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Section 19. Notices, Etc. All notices and other communications provided for hereunder shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier, and all notices and other communications expressly permitted hereunder to be given by telephone or electronic mail shall be made to the applicable telephone number or electronic mail address, as the case may be, if to any Grantor, addressed to it in care of the Borrower at the Borrower’s address specified in Section 10.02 of the Credit Agreement, if to the Administrative Agent, at its address specified in Section 10.02 of the Credit Agreement or, in each case, to such other address, telecopier number, electronic mail address or telephone number as shall be designated by such party in a notice to other parties, as provided in Section 10.02(d) of the Credit Agreement. All such notices and other communications shall be deemed to be given, made or effective at such time as shall be set forth in Section 10.02 of the Credit Agreement.
Section 20. Continuing Security Interest; Assignments under the Credit Agreement. This Agreement shall create a continuing security interest in the Collateral and shall to the extent provided herein (a) remain in full force and effect until the termination of the Aggregate Commitments and the payment in full in cash of the Secured Obligations (other than contingent indemnification obligations as to which no claim has been asserted), (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Secured Parties and their respective successors and permitted transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case subject to Section 10.07 of the Credit Agreement.
Section 21. Release; Termination.
(a) Upon any sale, lease, transfer or other disposition of any item of Collateral of any Grantor permitted by, and in accordance with, the terms of the Loan Documents (other than to another Loan Party or to a Person becoming or required to become a Loan Party at the time of such sale, lease, transfer or other disposition (or within the 30- or 60-day time periods provided for in Section 6.12 of the Credit Agreement)) (such sale, lease, transfer or other disposition, a “Collateral Disposition”), assignment, pledge and security interest granted hereby with respect to such collateral shall automatically terminate and all rights to such Collateral shall revert to such Grantor and the Administrative Agent will, at such Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence the release of such item of Collateral from the assignment, pledge and security interest granted hereby; provided, however, that, if requested by the Administrative Agent, such Grantor shall have delivered to the Administrative Agent a written request for release, a certificate of such Grantor to the effect that the transaction is in compliance with the Loan Documents and such other supporting information as the Administrative Agent may reasonably request. For purposes of the foregoing, if any Grantor becomes an Excluded Subsidiary or ceases to be a Restricted Subsidiary, in each case as a result of a transaction permitted under the Loan Documents, such occurrence (but, in the case of a Grantor that becomes an Excluded Subsidiary pursuant to clause (d) of the definition thereof, only upon the request of the Borrower) shall be deemed a Collateral Disposition of such Grantor and all Collateral of such Grantor, entitled to the benefits of the foregoing provisions.
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(b) Upon the termination of the Aggregate Commitments and the payment in full in cash of the Secured Obligations (other than contingent indemnification obligations as to which no claim has been asserted), the assignment, pledge and security interest granted hereby shall automatically terminate and all rights to the Collateral shall revert to the applicable Grantor. Upon any such termination, the Administrative Agent will, at the applicable Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such termination.
Section 22. Execution in Counterparts. This Agreement may be executed in one or more counterparts (and by different parties hereto in different counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. The Administrative Agent may also require that any such documents and signatures delivered by telecopier or other electronic transmission be confirmed by a manually-signed original thereof; provided, that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic transmission.
Section 23. The Mortgages. In the event that any of the Collateral hereunder is also subject to a valid and enforceable Lien under the terms of any Mortgage and the terms of such Mortgage are inconsistent with the terms of this Agreement, then with respect to such Collateral, the terms of such Mortgage shall be controlling in the case of fixtures and real estate leases, letting and licenses of, and contracts and agreements relating to the lease of, real property, and the terms of this Agreement shall be controlling in the case of all other Collateral.
Section 24. Intercreditor Relations. Notwithstanding anything herein to the contrary, it is the understanding of the parties that the Liens granted pursuant to this Agreement shall, (i) prior to the Discharge of Senior Priority Obligations, be subject and subordinate in priority to the Liens granted to any Senior Priority Agent for the benefit of the holders of the applicable Senior Priority Obligations to secure such Senior Priority Obligations pursuant to the applicable Senior Priority Documents, in each case in accordance with the terms set forth in the Base Intercreditor Agreement or an applicable Other Intercreditor Agreement, and (ii) prior to the Discharge of Additional Obligations that are Junior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of the holders of the applicable Additional Obligations that are Junior Priority Obligations to secure such Additional Obligations that are Junior Priority Obligations pursuant to the applicable Additional Collateral Documents, in each case in accordance with the terms set forth in the Base Intercreditor Agreement or an applicable Other Intercreditor Agreement (except as may be separately otherwise agreed between the Administrative Agent, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Secured Parties represented thereby). The Administrative Agent acknowledges and agrees that the relative priority of the Liens granted to the Administrative Agent, the First Lien Administrative Agent and any
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Additional Agent shall be determined solely pursuant to the Base Intercreditor Agreement or an Other Intercreditor Agreement, as applicable, and not by priority as a matter of law or otherwise. Notwithstanding anything herein to the contrary, the Liens and security interest granted to the Administrative Agent pursuant to this Agreement and the rights and remedies of the Administrative Agent hereunder are subject to the provisions of the Base Intercreditor Agreement and each applicable Other Intercreditor Agreement. In the event of any conflict between the terms of the Base Intercreditor Agreement or any Other Intercreditor Agreement and this Agreement, the terms of the Base Intercreditor Agreement or such Other Intercreditor Agreement, as the case may be, shall govern and control as among (i) the Administrative Agent, the First Lien Administrative Agent and any Additional Agent, in the case of the Base Intercreditor Agreement, and (ii) the Administrative Agent and any other secured creditor (or agent therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, each Grantor may act (or omit to act) in accordance with the Base Intercreditor Agreement or such Other Intercreditor Agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other provision hereof, (i) any obligation hereunder or under the Credit Agreement to deliver to the Administrative Agent any Collateral shall be satisfied by causing such Collateral to be delivered to the applicable Senior Priority Representative or Junior Priority Representative in accordance with the Base Intercreditor Agreement or any applicable Other Intercreditor Agreement and (ii) prior to the Discharge of Senior Priority Obligations, (A) the Borrower shall, and shall cause each Restricted Subsidiary to, comply with the requirements of this Agreement to take action with respect to the Collateral and of Section 6.12, Section 6.14 and Section 6.16 of the Credit Agreement only to the same extent that the Borrower and such Restricted Subsidiaries are required to comply with analogous provisions under the First Lien Credit Agreement or the Security Agreement referred to therein and (B) the First Lien Administrative Agent or the Senior Priority Representative (or the equivalent term in any Other Intercreditor Agreement) shall have sole discretion (in consultation with the Borrower, if applicable) with respect to any determination concerning Collateral as to which the Administrative Agent would have authority to exercise under this Agreement or Section 6.12, Section 6.14 or Section 6.16 of the Credit Agreement.
Section 25. Governing Law; Jurisdiction; Etc. (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
(b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR THE COUNTY OF NEW YORK (THE “NEW YORK SUPREME COURT”), AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE “FEDERAL DISTRICT COURT,” AND TOGETHER WITH THE NEW YORK SUPREME COURT, THE “NEW YORK COURTS”) AND APPELLATE COURTS FROM
| 23 | Syniverse Security Agreement |
EITHER OF THEM; PROVIDED THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE (I) THE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS (IN WHICH CASE ANY PARTY SHALL BE ENTITLED TO ASSERT ANY CLAIM OR DEFENSE, INCLUDING ANY CLAIM OR DEFENSE THAT THIS SECTION 24 WOULD OTHERWISE REQUIRE TO BE ASSERTED IN A LEGAL ACTION OR PROCEEDING IN A NEW YORK COURT), OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE ADMINISTRATIVE AGENT, (II) ANY PARTY FROM BRINGING ANY LEGAL ACTION OR PROCEEDING IN ANY JURISDICTION FOR THE RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT AND (III) IF ALL SUCH NEW YORK COURTS DECLINE JURISDICTION OVER ANY PERSON, OR DECLINE (OR IN THE CASE OF THE FEDERAL DISTRICT COURT, LACK) JURISDICTION OVER ANY SUBJECT MATTER OF SUCH ACTION OR PROCEEDING, A LEGAL ACTION OR PROCEEDING MAY BE BROUGHT WITH RESPECT THERETO IN ANOTHER COURT HAVING JURISDICTION.
(c) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.
(d) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 19. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.
(e) EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 24(e) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
[SIGNATURE PAGES FOLLOW]
| 24 | Syniverse Security Agreement |
| SYNIVERSE HOLDINGS, INC. | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer |
[SIGNATURE PAGE]
| BUCCANEER HOLDINGS, LLC | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer |
[SIGNATURE PAGE]
| SYNIVERSE TECHNOLOGIES, LLC | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer | ||
| SYNIVERSE ICX CORPORATION | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer | ||
| SYNIVERSE COMMUNICATIONS HOLDINGS CORPORATION | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer | ||
| SYNIVERSE COMMUNICATIONS INTERMEDIATE HOLDINGS CORPORATION | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer |
| [SIGNATURE PAGE] | Syniverse Security Agreement |
| SYNIVERSE COMMUNICATIONS, INC. | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer | ||
| SYNIVERSE COMMUNICATIONS INTERNATIONAL, INC. | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer | ||
| CIBERNET, LLC | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Executive Vice President and Chief Financial Officer |
| [SIGNATURE PAGE] | Syniverse Security Agreement |
| BARCLAYS BANK PLC, | ||
| as Administrative Agent | ||
| By: | /s/ Xxxxx Xxxxxx | |
| Name: Xxxxx Xxxxxx | ||
| Title: Director |
| [SIGNATURE PAGE] | Syniverse Security Agreement |
Execution Version
Schedule I to the
Security Agreement
LOCATION, CHIEF EXECUTIVE OFFICE, TYPE OF ORGANIZATION,
JURISDICTION OF ORGANIZATION, ORGANIZATIONAL IDENTIFICATION
NUMBER AND TAX IDENTIFICATION NUMBER
| Grantor’s Legal Name | Organization Type | Jurisdiction of Organization | Organizational Identification Number | Taxpayer Identification Number | Trade Names | |||||||||||
| Buccaneer Holdings, LLC | Limited Liability Company | Delaware | 5505263 | 00-0000000 | n/a | |||||||||||
| Cibernet, LLC | Limited Liability Company | Delaware | 4086996 | 00-0000000 | n/a | |||||||||||
| Syniverse Communications Holdings Corporation | Corporation | Delaware | 5024894 | 00-0000000 | n/a | |||||||||||
| Syniverse Communications Intermediate Holdings Corporation | Corporation | Delaware | 5024900 | 00-0000000 | n/a | |||||||||||
| Syniverse Communications International, Inc. | Corporation | Delaware | 4163867 | 00-0000000 | n/a | |||||||||||
| Syniverse Communications, Inc. | Corporation | Delaware | 3287349 | 00-0000000 | n/a | |||||||||||
| Syniverse Holdings, Inc. | Corporation | Delaware | 3454221 | 00-0000000 | n/a | |||||||||||
| Syniverse ICX Corporation | Corporation | Delaware | 4644584 | 00-0000000 | n/a | |||||||||||
| Syniverse Technologies, LLC | Limited Liability Company | Delaware | 2187578 | 00-0000000 | n/a |
Chief Executive Office Location of Buccaneer Holdings, LLC
0000 Xxxxxxxxx Xxxx Xxx
Xxxxx, XX 00000
Chief Executive Office Location of the Other Grantors
0000 Xxxxxxxxx Xxxx Xxx
Xxxxx, XX 00000
Changes in Name, Location, Chief Executive Office, Organization Type, Jurisdiction of Organization, Organizational Identification Number or Taxpayer Identification Number Within the Last Five Years
| Grantor | Former Name | |
| Syniverse Communications Holdings Corporation | Aicent Holdings Corporation |
| Grantor | Former Name | |
| Syniverse Communications Intermediate Holdings Corporation | Aicent Intermediate Holdings Corporation |
| Grantor | Former Name | |
| Syniverse Communications, Inc. | Aicent, Inc. |
| Grantor | Former Name | |
| Syniverse Communications International, Inc. | Aicent International, Inc. |
| Grantor | Former Organizational Type | |
| Buccaneer Holdings, LLC, a limited liability company | Buccaneer Holdings, Inc., a corporation |
| Grantor | Former Organizational Type | |
| Cibernet, LLC, a limited liability company | Cibernet Corporation, a corporation |
Schedule II to the
Security Agreement
PLEDGED EQUITY
| Grantor | Issuer | Class of Equity Interest | Certificate No(s) | Number of Shares | Percentage Pledged | |||||||||
| Buccaneer Holdings, LLC | Syniverse Holdings, Inc. | Common | 3 | 100 | 100 | |||||||||
| Syniverse Holdings, Inc. | Syniverse Technologies, LLC | Membership Interest Units | Uncertificated | 100 | 100 | |||||||||
| Syniverse Technologies, LLC | Syniverse ICX Corporation | Common | 2 | 1,000.00 | 100 | |||||||||
| Syniverse Technologies, LLC | Syniverse Technologies S.R.L. | Common | Uncertificated | 1,310 | 65 | |||||||||
| Syniverse Technologies, LLC | Syniverse Technologies Prestacao de Servicos Ltda | Common | Uncertificated | 1 | 65 | |||||||||
| Syniverse Technologies, LLC | Cibernet, LLC | Percentage Ownership Interest | Uncertificated | 100 | 100 | |||||||||
| Syniverse Technologies, LLC | Hosted Data Solutions, LLC | Membership Interest Units | Uncertificated | 1 | 100 | |||||||||
| Syniverse Technologies, LLC | Syniverse Technologies K.K. | Common | Uncertificated | 6,000 | 65 | |||||||||
| Syniverse Technologies, LLC | Syniverse Technologies Holdings, LLC | Membership Interest Units | Uncertificated | 100 | 65 | |||||||||
| Syniverse Technologies, LLC | Syniverse Communications Holdings Corporation | Common | 1 | 1,000 | 100 | |||||||||
| Syniverse Technologies, LLC | Syniverse Foreign Holdings Corporation | Common | 1 | 100 | 65 | |||||||||
| Syniverse Communications Holdings Corporation | Syniverse Communications Intermediate Holdings Corporation | Common | 1 | 100 | 100 | |||||||||
| Syniverse Communications Intermediate Holdings Corporation | Syniverse Communications, Inc. | Common | 1 | 1,000.00 | 100 | |||||||||
| Syniverse Communications, Inc. | Syniverse Communications Technologies (Beijing) Ltd. | Registered Capital | Uncertificated | 230,000 | 65 | |||||||||
| Syniverse Communications, Inc. | Syniverse Communications International, Inc. | Common | 1 | 1,000.00 | 100 |
Schedule III to the
Security Agreement
INTELLECTUAL PROPERTY MATTERS
Trademarks
| Country | Xxxx | Registration No. Registration Date | ||||||
| Syniverse Technologies, LLC | United States | SYNIVERSE | 76/568201 05-JAN-2004 | 3109723 27-JUN-2006 | ||||
| Syniverse Technologies, LLC | United States |
| 78/367203 12-FEB-2004 | 3174828 21-NOV-2006 | ||||
| Syniverse Technologies, LLC | United States |
| 78/367563 13-FEB-2004 | 3469266 15-JUL-2008 | ||||
| Syniverse Technologies, LLC | United States | S.T.A.R.S. – STREAMLINER TERMINAL ACCESS REPORTING | 75/171103 24-SEP-1996 | 2207496 01-DEC-1998 | ||||
| Syniverse Technologies, LLC | United States | ACCESSIBILITY | 75/146434 07-AUG-1996 | 2234718 23-MAR-1999 | ||||
| Syniverse Technologies, LLC | United States | ACCESSIBILITY | 74/255039 13-MAR-1992 | 1819278 01-FEB-1994 | ||||
| Syniverse Technologies, LLC | United States | UNIROAM | 76/369334 08-FEB-2002 | 2760010 02-SEP-2003 | ||||
| Syniverse Technologies, LLC | United States | FRAUDX | 75/592292 19-NOV-1998 | 2443182 10-APR-2001 | ||||
| Syniverse Technologies, LLC | United States | INPORT | 75/592672 19-NOV-1998 | 2411241 05-DEC-2000 | ||||
| Syniverse Technologies, LLC | United States | ACCESS | 75/021730 16-NOV-1995 | 2075073 01-JUL-1997 | ||||
| Syniverse Technologies, LLC | United States | ACCESS S&E | 75/239942 11-FEB-1997 | 2276364 07-SEP-1999 | ||||
| Syniverse Technologies, LLC | United States | FMR PLUS | 75/122940 20-JUN-1996 | 2201808 03-NOV-1998 | ||||
| Syniverse Technologies, LLC | United States | VISIBILITY | 75/096994 23-APR-1996 | 2174202 21-JUL-1998 | ||||
| Syniverse Technologies, LLC | United States | SOLUTIONS | 75/021734 16-NOV-1995 | 2240928 20-APR-1999 | ||||
| Syniverse Technologies, LLC | United States | INLINK | 74/370149 22-MAR-1993 | 1845911 19-JUL-1994 | ||||
| Syniverse Technologies, LLC | United States | SYNIVERSE NEXT | 77/687811 10-MAR-2009 | 3792045 25-MAY-2010 | ||||
| Syniverse Technologies, LLC | United States |
| 77/687547 10-MAR-2009 | 3780123 27-APR-2010 | ||||
| Syniverse Technologies, LLC | United States | WE MAKE MOBILE WORK | 85/030941 05-MAY-2010 | 3893648 21-DEC-2010 | ||||
| Syniverse Technologies, LLC | United States | LATALINK | 85201989 20-DEC-2010 | 4015310 23-AUG-2011 | ||||
| Syniverse Technologies, LLC | United States | LTE Let’s Talk Evolution | 85271938 21-MAR-2011 | 4168909 3-Jul-2012 |
| Owner | Country | Xxxx | Application No. Filing Date | Registration No. Registration Date | ||||
| Syniverse Technologies, LLC | United States | Let’s Talk Evolution | 85271953 21-MAR-2011 | 4151358 29-May-2012 | ||||
| Syniverse Technologies, LLC | United States | Syniverse PRIME | 85275693 24-MAR-2011 | 4042025 18-OCT-2011 | ||||
| Syniverse Technologies, LLC | United States | Syniverse MORE | 85275811 24-MAR-2011 | 4042028 18-OCT-2011 | ||||
| Syniverse Technologies, LLC | United States | Syniverse PRIME and Xxxx | 85275732 24-MAR-2011 | 4042027 18-OCT-2011 | ||||
| Syniverse Technologies, LLC | United States | Syniverse MORE and Xxxx | 85275879 24-MAR-2011 | 4042031 18-OCT-2011 | ||||
| Syniverse Technologies, LLC | United States | SYNERGY | 85369279 12-JUL-2011 | 4527671 13-MAY-2014 |
Patents
| Owner | Country | Title | Application No. Filing Date | Patent No. Issue Date | ||||
| U.S. ISSUED | ||||||||
| Syniverse Technologies, LLC | United States | PAYMENT GATEWAY FOR PROCESSING PAYMENT REQUESTS ASSOCIATED WITH A WIRELESS USERS ACCOUNT | 12/904217 10/14/2010 | 9,911,103 03/06/2018 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | Method For Data Access Using a Dynamic SIM Credential (continuation of 9,426,658) | 15/243,306 08/22/2016 | 9,749,316 08/29/2017 | ||||
| Syniverse Technologies, LLC | United States | Traffic Hub System to Provide Roaming Service in a wireless Environment | 14/596,147 01/13/2015 | 9,832,678 11/28/2017 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | Circuit Switch Voice Roaming to LTE Network | 14/230,633 3/31/2014 | 9,749,904 08/29/2017 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | Method and System for Utilizing First Network Authentication for Second Network | 13/431,822 3/27/2012 | 9,716,999 07/25/2017 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | Method and System for Displaying Mobile Messages in Unsupported Formats | 11/603,367 11/21/2006 | 9,626,341 04/18/2017 | ||||
| Syniverse Technologies, LLC | United States | METHOD AND APPARATUS TO COLLECT, ANALYZE, AND UTILIZE NETWORK DATA | 13927024 06/25/2013 | 9,319,535 04/19/2016 | ||||
| Syniverse Communications, Inc. | United States | METHOD AND SYSTEM FOR DATA ACCESS OVER DUAL DATA CHANNELS WITH DYNAMIC SIM CREDENTIAL | 13/613,698 09/13/2012 | 8,838,070 09/16/2014 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | METHOD AND SYSTEM FOR DATA ACCESS OVER DUAL DATA CHANNELS WITH DYNAMIC SIM CREDENTIAL | 14/487,001 09/15/2014 | 9,426,658 08/23/2016 | ||||
| Syniverse Technologies, LLC | United States | Method for Determining Inbound Roaming Traffic Market Share on Cellular Networks | 15/278,375 09/28/2016 | 9635538 04/25/2017 | ||||
| Syniverse ICX Corporation | United States | Centralized Mobile and Wireless Messaging Opt-Out Registry System and Method | 10/556,977 05/17/2004 | 8,819,141 08/26/2014 | ||||
| Syniverse Technologies, LLC | United States | Methods, Apparatuses And Computer Program Products for Securing Communications | 13/747018 1/22/2013 | 9,131,365 B2 9/8/2015 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | Method, System and Client Software for Extending WISPr Authentication Procedure | 13/299,625 11/18/2011 | 9,020,467 B2 4/28/2015 | ||||
| Syniverse ICX Corporation | United States | ADDRESS RECOGNITION DATABASE | 10/972388 10/26/2004 | 9143477 B2 09/22/2015 |
| Syniverse ICX Corporation | United States | SYSTEM AND METHOD FOR DYNAMIC UPLOADING AND EXECUTION OF APPLICATIONS AND DRIVERS BETWEEN DEVICES | 09/000000 9/13/2000 | 0000000 10/27/2009 | ||||
| Syniverse ICX Corporation | United States | SYSTEM AND METHOD FOR DYNAMIC UPLOADING AND EXECUTION OF APPLICATIONS AND DRIVERS BETWEEN DEVICES | 09/000000 5/1/2001 | 0000000 1/17/2012 | ||||
| Syniverse ICX Corporation | United States | PHOTO-SERVING COMMUNICATION PROTOCOLS AND METHODOLOGY FOR PROVIDING DISPARATE HOST DEVICES WITH FTP-LIKE ACCESS TO DIGITAL IMAGES RESIDING ON A DIGITAL CAMERA DEVICE | 09/703412 10/31/2000 | 7610349 10/27/2009 | ||||
| Syniverse ICX Corporation | United States | MEDIA SPOOLER SYSTEM AND METHODOLOGY PROVIDING EFFICIENT TRANSMISSION OF MEDIA CONTENT FROM WIRELESS DEVICES | 09/759108 1/11/2001 | 7103357 9/5/2006 | ||||
| Syniverse ICX Corporation | United States | MEDIA SPOOLER SYSTEM AND METHODOLOGY PROVIDING EFFICIENT TRANSMISSION OF MEDIA CONTENT FROM WIRELESS DEVICES | 11/516809 9/5/2006 | 7881715 2/1/2011 | ||||
| Syniverse ICX Corporation | United States | MEDIA ASSET MANAGEMENT SYSTEM | 09/814159 3/20/2001 | 7305354 12/4/2007 | ||||
| Syniverse ICX Corporation | United States | MEDIA ASSET MANAGEMENT SYSTEM | 11/999,092 12/03/2007 | 8,321,288 11/27/2012 | ||||
| Syniverse ICX Corporation | United States | SYSTEM AND METHODOLOGY FOR AUTOMATED PROVISIONING OF NEW USER ACCOUNTS | 09/839972 4/20/2001 | 7433710 10/7/2008 | ||||
| Syniverse ICX Corporation | United States | VERSATILE ADAPTOR DEVICE AND MANUFACTURING PROCESS FOR CONNECTING A CLIENT DEVICE TO VARIOUS HOST DEVICES | 10/013977 12/7/2001 | 7463904 12/9/2008 | ||||
| Syniverse ICX Corporation | United States | DEVICE FACILITATING EFFICIENT TRANSFER OF DIGITAL CONTENT FROM MEDIA CAPTURE DEVICE | 10/068254 2/4/2002 | 7724281 5/25/2010 | ||||
| Syniverse ICX Corporation | United States | INTEGRATED SHOPPING CART FOR SALE OF THIRD PARTY PRODUCTS AND SERVICES VIA THE INTERNET | 09/920592 7/31/2001 | 7610218 10/27/2009 | ||||
| Syniverse ICX Corporation | United States | IMAGING SYSTEM PROVIDING AUTOMATED FULFILLMENT OF IMAGE PHOTOFINISHING BASED ON LOCATION | 10/190234 7/2/2002 | 7535492 5/19/2009 | ||||
| Syniverse ICX Corporation | United States | IMAGING SYSTEM PROVIDING DYNAMIC VIEWPORT LAYERING | 10/273670 10/18/2002 | 7051040 5/23/2006 | ||||
| Syniverse ICX Corporation | United States | IMAGING SYSTEM PROVIDING DYNAMIC VIEWPORT LAYERING | 11/439928 5/23/2006 | 7792876 9/7/2010 | ||||
| Syniverse ICX Corporation | United States | SYSTEM AND METHODOLOGY FOR PROVIDING A MOBILE DEVICE WITH A NETWORK-BASED INTELLIGENT RESOURCE FORK | 10/308595 12/2/2002 | 7092946 8/15/2006 | ||||
| Syniverse ICX Corporation | United States | SYSTEM PROVIDING METHODOLOGY FOR THE RESTORATION OF ORIGINAL MEDIA QUALITY IN MESSAGING ENVIRONMENTS | 10/707435 12/12/2003 | 7720924 5/18/2010 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS FOR DISTRIBUTING COLOR CORRECTED IMAGES ACROSS A NETWORK USING DISTRIBUTED CACHING | 09/827018 4/5/2001 | 6895113 5/17/2005 |
| Syniverse ICX Corporation | United States | FEEDBACK INTEGRATION OF DYNAMIC OPERATIONS | 10/808767 3/24/2004 | 7516454 4/7/2009 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS TO PERMIT INTERJECTED MESSAGING IN A MULTIMEDIA MESSAGING SYSTEM | 10/808886 3/24/2004 | 7254218 8/7/2007 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS TO IMPLEMENT THEMES FOR A HANDHELD DEVICE | 11/050356 2/2/2005 | 7571189 8/4/2009 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS FOR RESPONSE ENABLED MESSAGING | 11/876717 10/22/2007 | 7783713 8/24/2010 | ||||
| Syniverse ICX Corporation | United States | SYSTEM AND METHOD FOR MANAGING DISTRIBUTION OF MULTIFORMATTED CONTENT | 11/710480 2/26/2007 | 7610551 10/27/2009 | ||||
| Syniverse Technologies, LLC | United States | EVENT-DRIVEN AND LOGIC-BASED DATA TRANSFORMATION | 09/965053 9/26/2001 | 6968329 11/22/2005 | ||||
| Syniverse Technologies, LLC | United States | INTERNATIONAL SIGNALING GATEWAY | 09/512803 2/25/2000 | 6363431 3/26/2002 | ||||
| Syniverse Technologies, LLC | United States | CELLULAR-TO-VOIP CALL ESTABLISHMENT SYSTEMS, METHODS, DEVICES, AND COMPUTER SOFTWARE | 11/513529 8/31/2006 | 7676229 3/9/2010 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS FOR ASSIGNING A VIRTUAL ADDRESS TO AND TEXT-MESSAGING TO MULTIPLE TEXT-CAPABLE DESTINATION ENTITIES | 09/695235 10/25/2000 | 7403970 7/22/2008 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS FOR ASSIGNING A VIRTUAL ADDRESS TO AND TEXT-MESSAGING TO MULTIPLE TEXT-CAPABLE DESTINATION ENTITIES | 12/140205 6/16/2008 | 8571065 10/29/2013 | ||||
| Syniverse ICX Corporation | United States | UNIVERSAL ADDRESS RECOGNITION FOR TEXT-CAPABLE COMMUNICATION DEVICES | 11/371029 3/9/2006 | 7774503 8/10/2010 | ||||
| Syniverse ICX Corporation | United States | OBTAINING A VALID INTERNATIONAL DESTINATION ADDRESS | 10/972650 10/26/2004 | 8001272 8/16/2011 | ||||
| Syniverse ICX Corporation | United States | DETERMINING AN INTERNATIONAL DESTINATION ADDRESS | 10/972712 10/26/2004 | 7774502 08/10/2010 | ||||
| Syniverse Technologies, LLC | United States | SYSTEM AND METHOD FOR SECURE ROAMING IN WIRELESS LOCAL AREA NETWORKS | 10/224226 8/5/2002 | 7389412 6/17/2008 | ||||
| Syniverse Technologies, LLC | United States | FLEXIBLE M:N REDUNDANCY MECHANISM FOR PACKET INSPECTION ENGINE | 10/873965 6/22/2004 | 7586838 9/8/2009 | ||||
| Syniverse Technologies, LLC | United States | HTTP EXTENSION HEADER FOR METERING INFORMATION | 11/010812 12/13/2004 | 7266116 9/4/2007 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS FOR INTEGRATING MULTI-MEDIA MESSAGING AND IMAGE SERVING ABILITIES | 10/893469 7/16/2004 | 8046009 10/25/2011 | ||||
| Syniverse ICX Corporation | United States | METHOD AND SYSTEM TO DELIVER MULTIMEDIA ALERTS TO A MOBILE PHONE | 11/284578 11/21/2005 | 8023971 9/20/2011 | ||||
| Syniverse ICX Corporation | United States | SYSTEM AND METHOD FOR CROSS-CARRIER MOBILE DEVICE CAPABILITY DISCOVERY | 11/710474 2/26/2007 | 7974988 7/5/2011 | ||||
| Syniverse ICX Corporation | United States | A METHOD AND APPARATUS FOR AN END-TO-END SEND-TO FRAMEWORK | 10/893470 7/16/2004 | 7827233 11/2/2010 | ||||
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS TO ENABLE INTEROPERATION BETWEEN MULTI-MEDIA MESSAGING SERVICE CENTERS | 10/996006 11/22/2004 | 7876766 1/25/2011 |
| Syniverse ICX Corporation | United States | METHOD AND APPARATUS FOR ENABLING CALL ORIGINATOR TO SELECT A NOTIFICATION ON A TELECOMMUNICATIONS DEVICE | 11/013625 12/15/2004 | 7904067 3/8/2011 | ||||
| Syniverse Technologies, LLC | United States | RE-ROUTING CALLS FROM MOBILE STATIONS CLAIM SET I | 12/941,179 11/8/2010 | 8315635 11/20/2012 | ||||
| Syniverse Technologies, LLC | United States | Re-Routing Calls from Mobile Stations Claim Set II | 12/941558 11/8/2010 | 8521157 8/27/2013 | ||||
| Syniverse Technologies, LLC | United States | TOLL FREE DATA | 12/970,152 12/16/2010 | 8,693,358 4/8/2014 | ||||
| Syniverse Technologies, LLC | United States | A METHOD AND APPARATUS TO PROVIDE AN ECOSYSTEM FOR MOBILE VIDEO | 13/232,953 9/14/2011 | 8,838,696 9/16/2014 | ||||
| Syniverse Communications, Inc. (f/k/a Aicent, Inc.) | United States | FIXED MOBILE ROAMING SERVICE SOLUTION | 11/787,499 04/16/2007 | 8,676,195 3/18/2014 | ||||
| Syniverse Technologies, LLC | United States | PROVIDING TOLL FREE DATA IN A WIRELESS ENVIRONMENT | 14/147172 1/3/2014 | 8,879,417 11/4/2014 | ||||
| U.S. PENDING | ||||||||
| Syniverse Technologies, LLC | United States | Methods, Apparatuses and Computer Program Products for Facilitating Toll Free Data Access | 13/360,312 01/27/2012 | |||||
| Syniverse Technologies, LLC | United States | Proxy Platform for Inter-Operator Provisioning of ESIM Profiles | 62/585,920 11/14/2017 | |||||
| Syniverse Technologies, LLC | United States | Virtual Global Title Translation Service | 62/587,083 11/16/2017 | |||||
| Syniverse Technologies, LLC | United States | A Method of Determining Conversion Rate for SMS Messages | 62/612,870 01/02/2018 | |||||
| Syniverse Technologies, LLC | United States | Contextual SS7 Firewall | 62/609,857 12/22/2017 | |||||
| Syniverse Technologies, LLC | United States | Method and System for Interworking Between RCS Universal Profile and Pre-Universal Profile Clients | 62/615,951 01/10/2018 | |||||
| Syniverse Technologies, LLC | United States | Virtual Dynamic Pool of SIM-based Devices | 62/542,478 08/08/2017 | |||||
| Syniverse Technologies, LLC | United States | Method of Providing Data, Voice, and SMS Services to LTE Subscribers Roaming in 2G/3G Visited Networks (f/k/a LTE INTERWORKING FUNCTION ENABLER) | 15/695,620 09/05/2017 | |||||
| Syniverse Technologies, LLC | United States | MOBILE DEVICE AUTHENTICATION | 62/524,095 06/23/2017 | |||||
| Syniverse Technologies, LLC | United States | DIAMETER END-TO-END SECURITY WITH TIME BASED SIGNATURE | 62/526,625 06/29/2017 | |||||
| Syniverse Technologies, LLC | United States | GTP FIREWALL FOR 3G GSM AND 4G LTE SIGNALING DATA TRAFFIC | 62/576,644 10/24/2017 | |||||
| Syniverse Technologies, LLC | United States | GSM-LTE DEVICE ROAMING IN LTE-ONLY NETWORKS | 62/549,520 08/24/2017 | |||||
| Syniverse Technologies, LLC | United States | METHOD OF PROVIDING A HOME MOBILE NETWORK OPERATOR WITH LOCATION OF AN OUTBOUND ROAMER | 62/550,276 08/25/2017 | |||||
| Syniverse Technologies, LLC | United States | Selection and Interconnect for Distributed Packet Core Nodes | 62/570,657 10/10/2017 | |||||
| Syniverse Technologies, LLC | United States | GTP TRAFFIC HUB FOR DATA OFFLOADING, DIVERSION, AND SECURITY | 62/572,094 10/13/2017 |
| Syniverse Technologies, LLC | United States | TRAFFIC REROUTING AND FILTERING IN PACKET CORE NETWORKS | 62/575,130 10/20/2017 |
| ||||
| Syniverse Technologies, LLC | United States | METHOD OF ASSESSING REAL-TIME SECURITY OF SEQUENCED PACKET EXCHANGE (SPX) NETWORK CONNECTION | 62/560,154 09/18/2017 | |||||
| Syniverse Technologies, LLC | United States | Managed Internet Tunneling Protocol and Application | 62/535,606 07/21/2017 | |||||
| Syniverse Technologies, LLC | United States | Method for providing roaming services in which the home network uses S8HR Model for out-bound roaming while the visited network uses LBO Model for in-bound roaming | 15/622,609 06/14/2017 | |||||
| Syniverse Technologies, LLC | United States | Method for computationally detecting anomalies of digital device behavior on a communications network | 62/526,437 06/29/2017 | |||||
| Syniverse Technologies, LLC | United States | A Method and Apparatus for a commerce Opt-In Network (COIN) | 14/515,424 10/15/2014 | |||||
| Syniverse Technologies, LLC | United States | MACHINE TYPE COMMUNICATION INTERWORKING FUNCTION PROXY | 15/645,576 07/10/2017 | |||||
| Syniverse Technologies, LLC | United States | MACHINE TYPE COMMUNICATION INTERWORKING FUNCTION PROXY | 62/360,072 07/08/2016 | |||||
| Syniverse ICX Corporation | United States | SYSTEM AND METHOD FOR PROVIDING COMMERCIAL SERVICES OVER A WIRELESS COMMUNICATION NETWORK | 12/272566 11/17/2008 | |||||
| Syniverse Technologies, LLC | United States | A Method and Apparatus to Provide Mobile Intelligence | 13/899406 05/21/2013 |
Copyrights
Registration Number / Date:
TX0006294198 / 2005-12-12
Title: Generic message distributor (GMD)
Registration Number / Date:
TX0006294200 / 2005-12-12
Title: Generic message monitor (GMM)
Registration Number / Date:
TX0000000000 / 2005-12-12
Title: Generic message monitor (GMM)
Registration Number / Date:
TX0006294197 / 2005-12-12
Title: GSM authentication center (AUC)
Registration Number / Date:
TX0006294202 / 2005-12-12
Title: Mobile application part (map-apt)
Registration Number / Date:
TX0006294201 / 2005-12-12
Title Provisioning system (enforce)
Registration Number / Date:
TX0005782265 / 2002-06-12
Title: Visibility call processor.
Registration Number / Date:
TX0006008467 / 2002-06-12
Title: Access.
Registration Number / Date:
TX0000000000 / 2002-06-12
Title: Access S&E.
Registration Number / Date:
TX0005547691 / 2002-06-12
Title: ACCESSibility.
Registration Number / Date:
TX0005547693 / 2002-06-12
Title: Arms.
Registration Number / Date:
TX0005547692 / 2002-06-12
Title: Crossroads.
Registration Number / Date:
TX0006008468 / 2002-06-12
Title: DataNet ANSI-41.
Registration Number / Date:
TX0006008471 / 2002-06-12
Title: DataNet GSM.
Registration Number / Date:
TX0006008470 / 2002-06-12
Title: Encrypt a key : Key management center.
Registration Number / Date:
TX0005598345 / 2002-08-29
Title: Event Manager.
Registration Number / Date:
TX0006008472 / 2002-06-12
Title: Fleet-on-trak.
Registration Number / Date:
TX0000000000 / 2002-06-12
Title: FMR.
Registration Number / Date:
TX0005548003 / 2002-06-12
Title: Fraud interceptor.
Registration Number / Date:
TX0005782270 / 2002-06-12
Title: FraudInterceptor.
Registration Number / Date:
TX0005782266 / 2002-06-12
Title: FraudManager.
Registration Number / Date:
TX0005782263 / 2002-06-12
Title: FraudManager and FMR Plus.
Registration Number / Date:
TX0006008469 / 2002-06-12
Title: FraudX GUI.
Registration Number / Date:
TX0006008473 / 2002-06-12
Title: FraudX server.
Registration Number / Date:
TX0005782268 / 2002-06-12
Title: FRM Plus.
Registration Number / Date:
TX0005782267 / 2002-06-12
Title: ICE.
Registration Number / Date:
TX0005782271 / 2002-06-12
Title: Message Manager.
Registration Number / Date:
TX0005782264 / 2002-06-12
Title: Prepaid.
Registration Number / Date:
TX0000000000 / 2002-06-12
Title: Rev C call processor.
Registration Number / Date:
TX0005782272 / 2002-06-12
Title: StatChek.
Registration Number / Date:
TX0005548004 / 2002-06-12
Title: Streamliner.
Registration Number / Date:
TX0005548005 / 2002-06-12
Title: [Transaction manager]
Registration Number / Date:
TX0003666067 / 1993
Title: ACCESS PowerPack service: An idea whose time has come for carriers still losing revenue out the 30-day aging window.
Registration Number / Date:
TX0003538216 / 1993 Title: ACCESSibility database service: introducing a quick answer for roamer departments tied up with information requests.
Registration Number / Date:
TX0003666066 / 1993
Title: Cell-U-Rator message rating service: Finally, a time-efficient call rating system with the power to turn rejects into revenue.
Registration Number / Date:
TX0003538215 / 1993
Title: CloneDetector system: it’s alarming what clone fraud can do to customer relations.
Registration Number / Date:
TX0000000000 / 1993
Title: DASH system: selling the equipment is only half the sale.
Registration Number / Date:
TX0003677714 / 1993
Title: DataFlash financial system: Run the fastest numbers in the business.
Registration Number / Date:
TX0003666069 / 1993
Title: Follow Me Roaming Plus service: Introducing the seamless call delivery service that’s bound to get a great reception from your subscribers.
Registration Number / Date:
TX0003738817 / 1993
Title: Follow Me Roaming service: now you can get more mileage out of your roaming business.
Registration Number / Date:
TX0000000000 / 1993
Title: FraudManager service: finally, a service that does justice to cellular fraud.
Registration Number / Date:
TX0003556357 / 1993
Title: GTE’s affordable new customer positive file service hits home with smaller carriers.
Registration Number / Date:
TX0003538210 / 1993
Title: Guidelines roaming system: roaming is easier with the right guidance.
Registration Number / Date:
TX0003809850 / 1993
Title: Increasing your cellular phone sales is a matter of time.
Registration Number / Date:
TX0003538219 / 1993
Title: INLink intelligent network smooths out the wrinkles in seamless roaming.
Registration Number / Date:
TX0003538211 / 1993
Title: INLink intelligent network: the seamless environment is changing the fabric of the cellular industry.
Registration Number / Date:
TX0003538213 / 1993
Title: NetAlert real-time analysis system pinpoints multiple problems from a single checkpoint.
Registration Number / Date:
TX0003538212 / 1993
Title: NetAlert system: introducing our most alarming breakthrough ever
Registration Number / Date:
TX0003666063 / 1993
Title: Phone Me Anywhere Plus service: Introducing the seamless call delivery service that’s bound to get a great reception from your subscribers.
Registration Number / Date:
TX0003666064 / 1993
Title: Phone Me Anywhere service: Now you can get more mileage out of your roaming business.
Registration Number / Date:
TX0003538214 / 1993
Title: Positive Validation Service (PVS): take your first positive step against fraud.
Registration Number / Date:
TX0003666065 / 1993
Title: StatChek service links ESN check to carriers’ activation systems
Registration Number / Date:
TX0003738816 / 1993
Title: Streamliner: a streamlined approach to managing your corporate account program.
Registration Number / Date:
TX0003809849 / 1993
Title: Time-tested roamer administration services that put you in control: ACCESS settlement and exchange services.
Registration Number / Date:
TX0003666090 / 1993
Title: TransAction Manager system
Registration Number / Date:
TX0003538217 / 1993
Title: TransAction Manager system speeds decision-making with intelligent data handling.
Registration Number / Date:
TX0003666062 / 1992
Title: Here’s why IS-41 is important to you.
Registration Number / Date:
TX0003738819 / 1992
Title: New STREAMLINER system further increases corporate account management efficiency.
Registration Number / Date:
TX0003666061 / 1991
Title: Phone Me Anywhere
Registration Number / Date:
TX0000000000 / 1990
Title: Follow Me Roaming
Domain Names
| Owner | Domain Name | Expiration Date | ||
| Syniverse Technologies, LLC | xx00.xx | 30-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxx.xxxxxx | 18-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxx.xxx | 18-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxx.xxx | 22-Nov-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 20-Feb-19 | ||
| Syniverse Technologies, LLC | xxx.xx | 10-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 20-Feb-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxx.xxx | 10-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxx.xxx | 23-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxx.xxx | 2-Dec-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxx.xxx | 21-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxx.xxx | 6-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxx.xxx | 6-Jan-19 | ||
| Syniverse Technologies, LLC | XXXXXXXXXXXX.XXX | 4-Feb-19 | ||
| Syniverse Technologies, LLC | XXXX-XXXXXXXX.XXX | 4-Feb-19 | ||
| Syniverse Technologies, LLC | XXXXXXXXXXXX.XX | 4-Feb-19 | ||
| Syniverse Technologies, LLC | XXXX-XXXXXXXX.XX | 4-Feb-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxx.xxx | 1-Dec-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxx.xx | 20-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxx.xxx | 25-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxx.xxx | 27-Sep-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 19-Jul-18 | ||
| Syniverse Technologies, LLC | xxxx.xxx | 21-Mar-19 | ||
| Syniverse Technologies, LLC | X0xxx.xxx | 26-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 10-Sep-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 8-Nov-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 9-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxx.xxx | 15-Apr-18 | ||
| Syniverse Technologies, LLC | XXX.XX | 19-Oct-18 | ||
| Syniverse Technologies, LLC | XXXXXXXXX.XX | 19-Oct-18 | ||
| Syniverse Technologies, LLC | xxxxx.xxx | 21-Oct-18 | ||
| Syniverse Technologies, LLC | xxxxx.xxx | 19-Jan-19 | ||
| Syniverse Technologies, LLC | XXX0.XXX.XX | 9-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxx.xxx | 25-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 3-Sep-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxx.xxx | 7-Oct-18 | ||
| Syniverse Technologies, LLC | XXXXXXXXXXXXXXX.XX | 19-Oct-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxxx.xxx | 16-Mar-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 29-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxx.xxx | 16-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxx.xxx | 16-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 14-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 14-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxxx | 16-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 13-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 16-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 14-Jun-18 | ||
| Syniverse Technologies, LLC | xx.xxx.xx | 4-Apr-19 | ||
| Syniverse Technologies, LLC | xxxxxxx.xx.xx | 5-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxx.xx | 5-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxx.xxx | 7-Aug-18 |
| Owner | Domain Name | Expiration Date | ||
| Syniverse Technologies, LLC | xxx0xxxxx.xxx | 22-Nov-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxx.xxx | 10-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxx.xxx | 4-Mar-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxx.xxx | 1-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxx.xxx | 1-Aug-18 | ||
| Syniverse Technologies, LLC | xxxx-xxxxxxx.xxx | 27-Sep-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxxxxx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxxx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 31-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 15-May-18 | ||
| Syniverse Technologies, LLC | xxx-xxx.xx | 30-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxx.xxx | 2-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxx-xxxxxxxxxxx.xxx | 10-Mar-19 | ||
| Syniverse Technologies, LLC | xxxxxxx.xx | 13-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 12-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 19-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx.xx | 22-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 3-Dec-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx.xx | 7-Nov-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 19-Sep-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 12-Oct-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxxx | 16-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 13-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx.xx | 3-Nov-16 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 16-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xx | 8-Nov-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 5-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxx.xxx | 12-Jun-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxxxxxxx.xxx | 26-Oct-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xxx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xxx | 24-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xxxx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xxxx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xxx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xxx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxxx.xx | 7-May-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 16-Aug-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxx.xxx | 20-Jan-19 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxxxxxx.xxx | 2-Apr-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxx.xx | 20-Jul-18 | ||
| Syniverse Technologies, LLC | xxxxxxxxxxxxxxxx.xxx | 28-Jan-19 |
Schedule IV to the
Security Agreement
COMMERCIAL TORT CLAIMS
None.
Schedule V to the
Security Agreement
LETTERS OF CREDIT
None.
Exhibit A to the
Security Agreement
FORM OF SECURITY AGREEMENT SUPPLEMENT
[Date of Security Agreement Supplement]
Barclays Bank PLC,
| as the Administrative Agent for the Secured Parties referred to in the Credit Agreement referred to below | ||||
|
| ||||
|
| ||||
| Attn: |
[Syniverse Holdings, Inc.]
Ladies and Gentlemen:
Reference is made to (i) the Second Lien Credit Agreement dated as of March 9, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Syniverse Holdings, Inc., a Delaware corporation, as the Borrower, Buccaneer Holdings, LLC, a Delaware limited liability company (“Holdings”), Barclays Bank PLC, as the Administrative Agent (together with any successor administrative agent, the “Administrative Agent”), and the Lenders party thereto, and (ii) the Second Lien Security Agreement dated March 9, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”) made by the Grantors from time to time party thereto in favor of the Administrative Agent for the Secured Parties. Terms defined in the Credit Agreement or the Security Agreement and not otherwise defined herein are used herein as defined in the Credit Agreement or the Security Agreement (and in the event of a conflict, the applicable definition shall be the one given to such term in the Security Agreement).
SECTION 1. Grant of Security. The undersigned hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in, all of its right, title and interest in and to all of the Collateral of the undersigned (including all Accounts, cash and Cash Equivalents, Chattel Paper, Commercial Tort Claims set forth on Schedule IV of this Security Agreement Supplement, Deposit Accounts, Documents, Equipment, Fixtures (subject to Section 23 of the Security Agreement), General Intangibles, Goods, Instruments, Inventory, Letter-of-Credit Rights, Financial Assets, Pledged Debt and Pledged Interests), except for any Excluded Property and subject to the Perfection Exceptions, whether now owned or hereafter acquired by the undersigned, wherever located and whether now or hereafter existing or arising, including, without limitation, the property and assets of the undersigned set forth on the attached supplemental schedules to the Schedules to the Security Agreement.
SECTION 2. Security for Obligations. The grant of a security interest in, the Collateral by the undersigned under this Security Agreement Supplement and the Security Agreement secures the payment of all Secured Obligations of the undersigned now or hereafter
Form of Syniverse
Security Agreement Supplement
existing under or in respect of the Secured Documents (as such Secured Documents may be amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal amount outstanding thereunder)). Without limiting the generality of the foregoing, this Security Agreement Supplement and the Security Agreement secures the payment of all amounts that constitute part of the Secured Obligations that would be owed by the Grantor to any Secured Party under the Secured Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, or reorganization or similar proceeding involving a Loan Party.
SECTION 3. Supplements to Security Agreement Schedules. The undersigned has attached hereto supplemental Schedules I through IV to Schedules I through IV, respectively, to the Security Agreement, and the undersigned hereby certifies, as of the date first above written, that such supplemental schedules have been prepared by the undersigned in substantially the form of the equivalent Schedules to the Security Agreement and are complete and correct in all material respects.
SECTION 4. Representations and Warranties. The undersigned hereby makes each representation and warranty set forth in Section 6 of the Security Agreement with respect to itself (as supplemented by the attached supplemental schedules) as of the date hereof.
SECTION 5. Obligations Under the Security Agreement. The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned and that each reference to the “Collateral” or any part thereof shall also mean and be a reference to the undersigned’s Collateral or part thereof, as the case may be.
SECTION 6. Governing Law; Jurisdiction; Etc. (a) THIS SECURITY AGREEMENT SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
(b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS SECURITY AGREEMENT SUPPLEMENT TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR THE COUNTY OF NEW YORK (THE “NEW YORK SUPREME COURT”), AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE “FEDERAL DISTRICT COURT,” AND TOGETHER WITH THE NEW YORK SUPREME COURT, THE “NEW YORK COURTS”) AND APPELLATE COURTS FROM EITHER OF THEM; PROVIDED THAT NOTHING IN THIS SECURITY AGREEMENT SUPPLEMENT SHALL BE DEEMED OR OPERATE TO
Form of Syniverse
Security Agreement Supplement
2
PRECLUDE (I) THE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS (IN WHICH CASE ANY PARTY SHALL BE ENTITLED TO ASSERT ANY CLAIM OR DEFENSE, INCLUDING ANY CLAIM OR DEFENSE THAT THIS SECTION 6 WOULD OTHERWISE REQUIRE TO BE ASSERTED IN A LEGAL ACTION OR PROCEEDING IN A NEW YORK COURT), OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE ADMINISTRATIVE AGENT, (II) ANY PARTY FROM BRINGING ANY LEGAL ACTION OR PROCEEDING IN ANY JURISDICTION FOR THE RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT AND (III) IF ALL SUCH NEW YORK COURTS DECLINE JURISDICTION OVER ANY PERSON, OR DECLINE (OR IN THE CASE OF THE FEDERAL DISTRICT COURT, LACK) JURISDICTION OVER ANY SUBJECT MATTER OF SUCH ACTION OR PROCEEDING, A LEGAL ACTION OR PROCEEDING MAY BE BROUGHT WITH RESPECT THERETO IN ANOTHER COURT HAVING JURISDICTION.
(c) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT SUPPLEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.
(d) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 19 OF THE SECURITY AGREEMENT. NOTHING IN THIS SECURITY AGREEMENT SUPPLEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.
(e) EACH PARTY TO THIS SECURITY AGREEMENT SUPPLEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS SECURITY AGREEMENT SUPPLEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS SECURITY AGREEMENT SUPPLEMENT, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS SECURITY AGREEMENT SUPPLEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 6(e) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
Form of Syniverse
Security Agreement Supplement
3
| Very truly yours, | ||||
| [NAME OF ADDITIONAL GRANTOR] | ||||
| By |
| |||
| Title: | ||||
| Address for notices: | ||||
|
| ||||
|
| ||||
|
|
Form of Syniverse
Security Agreement Supplement
4
Exhibit B-1 to the
Security Agreement
FORM OF GRANT OF SECURITY INTEREST IN COPYRIGHTS
This GRANT OF SECURITY INTEREST IN COPYRIGHTS (this “Agreement”), dated as of [•], is made by [•], a [•] corporation (the “Grantor”), in favor of BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Agent”) for the Secured Parties (as defined in the Second Lien Credit Agreement, dated as of March 9, 2018 (as amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time, the “Credit Agreement”), among SYNIVERSE HOLDINGS, INC. (the “Borrower”), BUCCANEER HOLDINGS, LLC, the Agent and the Lenders).
WHEREAS, in connection with the Credit Agreement, the Grantor executed and delivered a Second Lien Security Agreement, dated as of March 9, 2018, in favor of the Agent (as it may be amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”); and
WHEREAS, the Grantor has duly authorized the execution, delivery and performance of this Agreement;
SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided or provided by reference in the Credit Agreement or the Security Agreement, as the case may be.
SECTION 2. Grant of Security Interest. The Grantor hereby grants, for the benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to all of the following (the “Copyright Collateral”), whether now owned or hereafter acquired by such Grantor and whether now or hereafter existing or arising, as collateral security for the payment of all Obligations of such Grantor.
(i) all Copyrights, including, without limitation, those items listed on Schedule I hereto;
(ii) all exclusive Copyright licenses to which such Grantor, now or hereafter, is a party;
Form of Grant of Security Interest in Copyrights
(iii) any claims for damages and injunctive relief for past, present and future infringement, violation, misuse or breach with respect to any of the foregoing, with the right, but not the obligation, to xxx for and collect, or otherwise recover, such damages; and
(iv) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of the foregoing.
SECTION 3. Purpose. This Agreement has been executed and delivered by the Grantor for the purpose of recording the grant of security interest with the United States Copyright Office. This Agreement is expressly subject to the terms and conditions of the Security Agreement. The Security Agreement (and all rights and remedies of the Secured Parties thereunder) shall remain in full force and effect in accordance with its terms.
SECTION 4. Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties with respect to the security interest in the Copyright Collateral are more fully set forth the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.
SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together constitute one and the same original.
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| Form of Grant of Security Interest in Copyrights | Syniverse Security Agreement |
Exhibit B-1 to the
Security Agreement
| [GRANTOR] | ||
| By: |
| |
| Name: | ||
| Title: |
Form of Grant of Security Interest in Copyrights
SCHEDULE I
Copyrights
| Grantor | Reg. No. | Issue Date | Title of Work |
Exclusive Copyright Licenses
[Include complete legal description of agreement (name of agreement, parties, and date)]
Form of Grant of Security Interest in Copyrights
Exhibit B-2 to the
Security Agreement
FORM OF NOTICE AND CONFIRMATION OF
GRANT OF SECURITY INTEREST IN PATENTS
This NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN PATENTS (the “Agreement”), dated as of [•], is made by [•], a [•] corporation (the “Grantor”), in favor of BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Agent”) for the Secured Parties (as defined in the Second Lien Credit Agreement, dated as of March 9, 2018 (as amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time, the “Credit Agreement”), among SYNIVERSE HOLDINGS, INC. (the “Borrower”), BUCCANEER HOLDINGS, LLC, the Agent and the Lenders).
WHEREAS, in connection with the Credit Agreement, the Grantor executed and delivered a Second Lien Security Agreement, dated as of March 9, 2018, in favor of the Agent as it may be amended and restated, supplemented or otherwise modified from time, the “Security Agreement”); and
WHEREAS, the Grantor has duly authorized the execution, delivery and performance of this Agreement;
SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided or provided by reference in the Credit Agreement or the Security Agreement, as the case may be.
SECTION 2. Confirmation of Grant of Security Interest. The Grantor hereby confirms that, pursuant to the Security Agreement it granted to the Agent, for the benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to all of the following (the “Patent Collateral”), whether now owned or hereafter acquired by such Grantor and whether now or hereafter existing or arising, as collateral security for the payment of all Obligations of such Grantor.
(i) all Patents, including, without limitation, those items listed on Schedule I hereto;
Form of Notice and Confirmation of Grant of Security Interest in Patents
(ii) any claims for damages and injunctive relief for past, present and future infringement, violation, or misuse with respect to any of the foregoing, with the right, but not the obligation, to xxx for and collect, or otherwise recover, such damages; and
(iii) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of the foregoing.
SECTION 3. Purpose. This Agreement has been executed and delivered by the Grantor for the purpose of recording the grant of security interest with the United States Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions of the Security Agreement. The Security Agreement (and all rights and remedies of the Secured Parties thereunder) shall remain in full force and effect in accordance with its terms.
SECTION 4. Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties with respect to the security interest in the Patent Collateral are more fully set forth in the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.
SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together constitute one and the same original.
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Form of Notice and Confirmation of Grant of Security Interest in Patents
| [GRANTOR] | ||
| By: |
| |
| Name: | ||
| Title: |
Form of Notice and Confirmation of Grant of Security Interest in Patents
SCHEDULE I
Patents
| Grantor | Patent Title | Applic. No. | Filing Date | Patent No. | Issue Date |
Form of Notice and Confirmation of Grant of Security Interest in Patents
Exhibit B-3 to the
Security Agreement
FORM OF NOTICE AND CONFIRMATION OF GRANT OF SECURITY
INTEREST IN TRADEMARKS
This NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS (this “Agreement”), dated as of [•], is made by [•], a [•] corporation (the “Grantor”), in favor of BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Agent”) for the Secured Parties (as defined in the Second Lien Credit Agreement, dated as of March 9, 2018 (as amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time, the “Credit Agreement”), among SYNIVERSE HOLDINGS, INC. (the “Borrower”), BUCCANEER HOLDINGS, LLC, the Agent and the Lenders).
WHEREAS, in connection with the Credit Agreement, the Grantor executed and delivered a Second Lien Security Agreement, dated as of March 9, 2018, in favor of the Agent (as it may be amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”); and
WHEREAS, the Grantor has duly authorized the execution, delivery and performance of this Agreement;
SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided or provided by reference in the Credit Agreement or the Security Agreement, as the case may be.
SECTION 2. Confirmation of Grant of Security Interest. The Grantor hereby confirms that pursuant to the Security Agreement it granted to the Agent, for the benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to all of the following (the “Trademark Collateral”), whether now owned or hereafter acquired by such Grantor and whether now or hereafter existing or arising, as collateral security for the payment of all Obligations of such Grantor.
(i) all Trademarks, including, without limitation, those items listed on Schedule I hereto;
Form of Notice and Confirmation of Grant of Security Interest in Trademarks
(ii) any claims for damages and injunctive relief for past, present and future infringement, dilution, violation or misuse with respect to any of the foregoing, with the right, but not the obligation, to xxx for and collect, or otherwise recover, such damages; and
(iii) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of the foregoing.
SECTION 3. Purpose. This Agreement has been executed and delivered by the Grantor for the purpose of recording the grant of security interest with the United States Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions of the Security Agreement. The Security Agreement (and all rights and remedies of the Secured Parties thereunder) shall remain in full force and effect in accordance with its terms.
SECTION 4. Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties with respect to the security interest in the Trademark Collateral are more fully set forth in the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.
SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together constitute one and the same original.
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Form of Notice and Confirmation of Grant of Security Interest in Trademarks
| [GRANTOR] | ||
| By: |
| |
| Name: | ||
| Title: |
Form of Notice and Confirmation of Grant of Security Interest in Trademarks
SCHEDULE I
Trademarks
| Grantor | Xxxx | Applic. No. | Issue Date |
Form of Notice and Confirmation of Grant of Security Interest in Trademarks