EXHIBIT 4(b)(8)
AMENDED AND RESTATED PATENT COLLATERAL
ASSIGNMENT AND SECURITY AGREEMENT
---------------------------------
AGREEMENT made this 10th day of December, 2001 by and between TII NETWORK
TECHNOLOGIES, INC., formerly known as TII INDUSTRIES, INC., a Delaware
corporation ("DEBTOR"), with its chief executive office at 0000 Xxxxx Xxxxxx,
Xxxxxxxx, Xxx Xxxx 00000 and GMAC COMMERCIAL CREDIT LLC, formerly known as BNY
FACTORING LLC, as successor by merger to BNY Financial Corporation, ("SECURED
PARTY"), having an office at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx
00000.
W I T N E S S E T H:
-------------------
WHEREAS, Debtor has adopted, used and is using, and is the owner of the
entire right, title, and interest in and to the patents and applications
therefor described in Exhibit A annexed hereto and made a part hereof; and
WHEREAS, Secured Party and Debtor have heretofore entered into financing
arrangements pursuant to which Secured Party has made and may continue to make
loans and advances and provide other financial accommodations to Debtor as set
forth in the Revolving Credit, Term Loan and Security Agreement, dated April 30,
1998, by and among Secured Party, Debtor and TII Corporation (the "CREDIT
AGREEMENT"), the Patent Collateral Assignment and Security Agreement dated April
30, 1998 by and between Debtor and Secured Party (the "Existing Patent Security
Agreement") together with various other agreements, documents and instruments
referred to therein or at any time executed and/or delivered in connection
therewith or related thereto, including, but not limited to, this Agreement (all
of the foregoing, together with the Credit Agreement and the Existing Patent
Security Agreement, as the same now exist or may hereafter be amended, modified,
supplemented, extended, renewed, restated or replaced, being collectively
referred to herein as the "FINANCING AGREEMENTS"); and
WHEREAS, pursuant to the terms of this Amended and Restated Patent
Collateral Assignment and Security Agreement, the Secured Party and Debtor have
agreed to amend and restate the terms of the Existing Patent Security Agreement
to update and modify certain information contained therein; and
WHEREAS, in order to induce Secured Party to continue to make loans and
advances and provide other financial accommodations pursuant to the Financing
Agreements, Debtor has agreed to grant to Secured Party, and to confirm its
prior grant to Secured Party of, certain collateral security as set forth
herein;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Debtor hereby agrees as follows:
1. GRANT OF SECURITY INTEREST
(a) As collateral security for the prompt performance, observance and
indefeasible payment in full of all of the Obligations (as hereinafter defined),
Debtor hereby grants to Secured Party a continuing security interest in and a
general lien upon, and hereby assigns and transfers to Secured Party: all of
Debtor's now existing or hereafter acquired right, title and interest in and to:
all of Debtor's interest in any patents; all applications, registrations and
recordings relating to such patents in the United States Patent and Trademark
Office or in any similar office or agency of the United States, any State
thereof, any political subdivision thereof or in any other countries, and all
reissues, extensions and renewals thereof including, without limitation, those
patents, applications, registrations and recordings described in Schedule A
hereto (the "PATENTS"), and any and all proceeds of any of the foregoing,
including, without limitation, any claims by Debtor against third parties for
infringement of the Patents or any licenses with respect thereto (all of the
foregoing are collectively referred to herein as the "COLLATERAL").
2. OBLIGATIONS SECURED
The security interest, lien and other interests granted to Secured Party
pursuant to this Agreement shall secure the prompt performance, observance and
indefeasible payment in full of any and all loans, indebtedness, liabilities and
obligations of any kind owing by Debtor to Secured Party, however evidenced,
whether as principal, guarantor or otherwise, whether arising under the Credit
Agreement, the other Financing Agreements or otherwise whether direct or
indirect, absolute or contingent, joint or several, secured or unsecured, due or
not due, primary or secondary, liquidated or unliquidated, original, renewed or
extended, whether arising directly or acquired from others (including without
limitation, Secured Party's participations or interests in Debtor's obligations
to others) and including, without limitation, Secured Party's charges,
commissions, interest, expenses, costs and attorneys' fees chargeable to Debtor
under this agreement, the Financing Agreements or in connection with any of the
foregoing (all hereinafter referred to as "OBLIGATIONS").
3. REPRESENTATIONS, WARRANTIES AND COVENANTS
Debtor hereby represents, warrants and covenants with and to Secured Party
that the following (which shall survive the execution and delivery of this
Agreement), the truth and accuracy of which, or compliance with, being a
continuing condition of the making of loans by Secured Party to Debtor under the
Financing Agreements:
(a) Debtor will pay and perform all of the Obligations according to
their terms.
(b) All of the existing Collateral is valid and subsisting in full
force and effect, and Debtor owns the sole, full, and clear title thereto, and
the right and power to grant the security interests granted hereunder. Debtor
will, at Debtor's expense, perform all acts and execute all documents necessary
to maintain the existence of the Collateral as valid, subsisting and registered
patents including, without limitation, the filing of any renewal affidavits and
applications. The Collateral is not subject to any liens, claims, mortgages,
assignments, licenses,
-2-
security interests, or encumbrances of any nature whatsoever, except the
security interests granted hereunder and the licenses permitted under Section
3(e) below.
(c) Debtor will not assign, sell, mortgage, lease, transfer, pledge,
hypothecate, grant a security interest in or lien upon, encumber, grant an
exclusive or non-exclusive license relating to the Collateral, except as
permitted herein or in the Financing Agreements, or otherwise dispose of any of
the Collateral without the prior written consent of Secured Party. Nothing in
this agreement shall be deemed a consent by Secured Party to any such action,
except as such action is expressly permitted hereunder.
(d) Debtor will, at Debtor's expense, perform all acts and execute all
documents requested at any time by Secured Party to evidence, perfect, maintain,
record, or enforce the security interest in the Collateral granted hereunder or
to otherwise further the provisions of this agreement. Debtor hereby authorizes
Secured Party to execute and file one or more financing statements (or similar
documents) with respect to the Collateral signed only by Secured Party or as
otherwise determined by Secured Party. Debtor further authorizes Secured Party
to have this or any other similar security agreement filed with the Commissioner
of Patents and Trademarks or other appropriate federal, state or government
office.
(e) As of the date hereof, Debtor does not have any Patents
registered, or subject to pending applications, in the United States Patent and
Trademark Office or any similar office or agency in the United States other than
those described in Schedule A annexed hereto and has not granted any licenses
with respect thereto other than as set forth in Schedule B hereto.
(f) Debtor will, concurrently with the execution and delivery of this
agreement, execute and deliver to Secured Party five (5) originals of a Special
Power of Attorney in the form of Exhibit 1 annexed hereto for the implementation
of the assignment, sale or other disposition of the Collateral pursuant to
Secured Party's exercise of the rights and remedies granted to Secured Party
hereunder.
(g) Secured Party may, in its discretion, pay any amount or do any act
which Debtor fails to pay or do as required hereunder or as requested by Secured
Party to preserve, defend, protect, maintain, record, amend or enforce the
Obligations, the Collateral, or the security interest granted hereunder
including but not limited to all filing or recording fees, court costs,
collection charges and reasonable attorneys' fees. Debtor will be liable to
Secured Party for any such payment, which payment shall be deemed an advance by
Secured Party to Debtor, shall be payable on demand together with interest at
the then applicable rate set forth in the Financing Agreements and shall be part
of the Obligations secured hereby.
(h) Debtor shall not file any application for the registration of a
Patent with the United States Patent and Trademark Office or any similar office
or agency in the United States, any state therein, or any other country, unless
Debtor has by thirty (30) days prior written notice informed Secured Party of
such action. Upon request of Secured Party, Debtor shall execute and deliver to
Secured Party any and all assignments, agreements, instruments, documents, and
such other papers as may be requested by Secured Party to evidence the security
interests of Secured Party in such Patent.
-3-
(i) Debtor has not abandoned any of the Patents and Debtor will not do
any act, nor omit to do any act, whereby the Patents may become abandoned,
invalidated, unenforceable, avoided or avoidable. Debtor shall notify Secured
Party immediately if it knows or has reason to know of any reason why any
application, registration, or recording may become abandoned, canceled,
invalidated, avoided or avoidable.
(j) Debtor will render any assistance necessary to Secured Party in
any proceeding before the United States Patent and Trademark Office, any federal
or state court, or any similar office or agency in the United States or any
state therein or any other country to maintain such application and registration
of the Patents as Debtor's exclusive property and to protect Secured Party's
interest therein, including, without limitation, filing of renewals, affidavits
of use, affidavits of incontestability and opposition, interference, and
cancellation proceedings.
(k) Debtor will promptly notify Secured Party if Debtor (or any
affiliate or subsidiary thereof) learns of any use by any person of any other
process or product which infringes upon any Patent. If requested by Secured
Party, Debtor, at Debtor's expense, shall join with Secured Party in such action
as Secured Party, in Secured Party's discretion, may deem advisable for the
protection of Secured Party's interest in and to the Patents.
(l) Debtor assumes all responsibility and liability arising from the
use of the Patents and Debtor hereby indemnifies and holds Secured Party
harmless from and against any claim, suit, loss, damage, or expense (including
attorneys' fees) arising out of any alleged defect in any product manufactured,
promoted, or sold by Debtor (or any affiliate or subsidiary thereof) in
connection with any Patent or out of the manufacture, promotion, labeling, sale
or advertisement of any such product by Debtor (or any affiliate or subsidiary
thereof).
(m) Debtor will promptly pay Secured Party for any and all costs and
reasonable expenditures incurred by Secured Party pursuant to the provisions of
this agreement or for the defense, protection, or enforcement of the
Obligations, the Collateral, or the security interests granted hereunder,
including, but not limited to, all filing or recording fees, court costs,
collection charges, travel expenses, and attorneys' fees and reasonable legal
expenses. Such costs and reasonable expenditures shall be payable on demand,
together with interest at the then applicable rate set forth in the Financing
Agreements and shall be part of the Obligations secured hereby.
4. EVENTS OF DEFAULT
All Obligations shall become immediately due and payable, without notice or
demand, at the option of Secured Party, upon the occurrence of any one or more
defaults or events of default hereunder or under any of the Financing Agreements
(each an "EVENT OF DEFAULT" hereunder).
-4-
5. RIGHTS AND REMEDIES
Upon the occurrence of any such Event of Default and during the continuance
thereof, in addition to all other rights and remedies of Secured Party, whether
provided under law, the Financing Agreements or otherwise, Secured Party shall
have the following rights and remedies which may be exercised without notice to,
or consent by, Debtor except as such notice or consent is expressly provided for
hereunder:
(a) Secured Party may require that neither Debtor nor any affiliate or
subsidiary of Debtor make any use of the Patents for any purpose whatsoever.
Secured Party may make use of any Patents for the sale of goods, completion of
work-in-process or rendering of services or otherwise in connection with
enforcing any other security interest granted to Secured Party by Debtor or any
subsidiary or affiliate of Debtor.
(b) Secured Party may grant such license or licenses relating to the
Collateral for such term or terms, on such conditions, and in such manner, as
Secured Party shall in its discretion deem appropriate. Such license or licenses
may be general, special, or otherwise, and may be granted on an exclusive or
non-exclusive basis throughout all or any part of the United States of America,
its territories and possessions, and all foreign countries.
(c) Secured Party may assign, sell, or otherwise dispose of the
Collateral or any part thereof, either with or without special conditions or
stipulations except that if notice to Debtor of intended disposition of
Collateral is required by law, the giving of five (5) business days prior notice
in the manner set forth in subparagraph 6(b) hereof shall be deemed reasonable
notice thereof and Debtor waives any other notice with respect thereto. Secured
Party shall have the power to buy the Collateral or any part thereof, and
Secured Party shall also have the power to execute assurances and perform all
other acts which Secured Party may, in its discretion, deem appropriate or
proper to complete such assignment, sale, or disposition.
(d) In addition to the foregoing, in order to implement the
assignment, sale, or other disposition of any of the Collateral pursuant to
Subparagraph 5(c) hereof, Secured Party may at any time execute and deliver on
behalf of Debtor, pursuant to the authority granted in the Powers of Attorney
described in Subparagraph 3(f) hereof, one or more instruments of assignment of
the Patents (or any application, registration, or recording relating thereto),
in form suitable for filing, recording, or registration. Debtor agrees to pay
Secured Party on demand all costs incurred in any such transfer of the
Collateral, including, but not limited to, any taxes, fees, and reasonable
attorneys' fees and legal expenses.
(e) Secured Party may first apply the proceeds actually received from
any such license, assignment, sale, or other disposition of Collateral to the
costs and expenses thereof, including, without limitation, attorneys' fees and
all legal, travel, and other expenses which may be incurred by Secured Party.
Thereafter, Secured Party may apply any remaining proceeds to such of the
Obligations as Secured Party may in its discretion determine. Debtor shall
remain liable to Secured Party for any expenses or obligations remaining unpaid
after the application of such proceeds, and Debtor will pay Secured Party on
demand any such unpaid amount, together with interest at a rate equal to the
highest rate then payable on the Obligations.
-5-
(f) Debtor shall supply to Secured Party or to Secured Party's
designee, Debtor's knowledge and expertise relating to the manufacture and sale
of the products and services to which the Patents relate and Debtor's customer
lists and other records relating to the Patents and the distribution thereof.
(g) Nothing contained herein shall be construed as requiring Secured
Party to take any such action at any time. All of Secured Party's rights and
remedies, whether provided under law, this agreement, the other Financing
Agreements or otherwise, shall be cumulative and none is exclusive. Such rights
and remedies may be enforced alternatively, successively, or concurrently.
6. MISCELLANEOUS
(a) Any failure or delay by Secured Party to require strict
performance by Debtor of any of the provisions, warranties, terms, and
conditions contained herein or in any other agreement, document, or instrument,
shall not affect Secured Party or Secured Party's right to demand strict
compliance and performance therewith, and any waiver of any default shall not
waive or affect any other default, whether prior or subsequent thereto, and
whether of the same or of a different type. None of the warranties, conditions,
provisions, and terms contained herein or in any other agreement, document, or
instrument shall be deemed to have been waived by any act or knowledge of
Secured Party, its agents, officers, or employees, but only by an instrument in
writing, signed by an officer of Secured Party and directed to Debtor,
specifying such waiver.
(b) All notices, requests and demands to or upon the respective
parties hereto shall be deemed to have been given or made: if by hand, telex,
telegram or facsimile immediately upon sending; if by Federal Express, Express
Mail or any other overnight delivery service, one (1) day after dispatch; and if
mailed by certified mail, return receipt requested, five (5) business days after
mailing. All notices, requests and demands are to be given to the respective
parties at the following addresses (or to such other addresses as either party
may designate by notice in accordance with the provisions of this paragraph) set
forth herein:
If to Debtor: TII NETWORK TECHNOLOGIES, INC.
0000 Xxxxx Xxxxxx
Xxxxxxxx, Xxx Xxxx 00000
Attention: President
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
If to Secured Party: GMAC COMMERCIAL CREDIT LLC
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Loan Administration Department
Xx. Xxxxx Xxxxxxxx,
Senior Vice President
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
-6-
(c) In the event that any provision hereof shall be deemed to be
invalid by any court, such invalidity shall not affect the remainder of this
agreement.
(d) All references to Debtor and Secured Party herein shall include
their respective successors and assigns. All references to the term "person"
herein shall mean an individual, sole proprietorship, limited partnership,
general partnership, a corporation (including a business trust), a joint stock
company, a trust, an unincorporated association, a joint venture association,
organization or other entity or a government department or any agency,
instrumentality or political subdivision thereof.
(e) This agreement shall be binding upon and for the benefit of the
parties hereto and their respective successors and assigns. No provision hereof
shall be modified, altered or limited except by a written instrument expressly
referring to this agreement signed by the party to be charged thereby.
(f) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ITS CONFLICT OF
LAWS RULES). ANY JUDICIAL PROCEEDING BROUGHT BY OR AGAINST THE DEBTOR WITH
RESPECT TO ANY OF THE OBLIGATIONS, THIS AGREEMENT OR ANY RELATED AGREEMENT MAY
BE BROUGHT IN ANY COURT OF COMPETENT JURISDICTION IN THE STATE OF NEW YORK,
UNITED STATES OF AMERICA, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE
DEBTOR ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND
UNCONDITIONALLY THE NON-EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND
IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION
WITH THIS AGREEMENT. NOTHING HEREIN SHALL AFFECT THE RIGHT TO SERVE PROCESS IN
ANY MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT OF THE SECURED PARTY TO
BRING PROCEEDINGS AGAINST THE DEBTOR IN THE COURTS OF ANY OTHER JURISDICTION.
THE DEBTOR WAIVES ANY OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION
INSTITUTED HEREUNDER AND SHALL NOT ASSERT ANY DEFENSE BASED ON LACK OF
JURISDICTION OR VENUE OR BASED UPON FORUM NON CONVENIENS. ANY JUDICIAL
PROCEEDINGS BY THE DEBTOR AGAINST THE SECURED PARTY INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER OR CLAIM IN ANY WAY ARISING OUT OF, RELATED TO OR
CONNECTED WITH THIS AGREEMENT OR ANY RELATED AGREEMENT, SHALL BE BROUGHT ONLY IN
A FEDERAL OR STATE COURT LOCATED IN XXX XXXX XX XXX XXXX, XXXXX XX XXX XXXX.
(g) 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 ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED
IN CONNECTION HEREWITH, 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 ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH, OR THE
-7-
TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE, AND
EACH PARTY HEREBY 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 WITH
ANY COURT AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
(h) In the event of any conflict of any of the terms or provisions of
this agreement with any of the terms or provisions of the Credit Agreement, the
terms or provisions of the Credit Agreement shall control.
(i) This agreement amends, restates, replaces and supercedes in its
entirety, without a breach in continuity, the Existing Patent Security
Agreement, as the Existing Patent Security Agreement has heretofore been
amended, restated, renewed, replaced, substituted, extended or otherwise
modified.
-8-
IN WITNESS WHEREOF, Debtor and Secured Party have executed this agreement
as of the day and year first above written.
TII NETWORK TECHNOLOGIES, INC.,
FORMERLY KNOWN AS TII INDUSTRIES, INC.
By: /s/ Xxxxxxx X. Xxxxx
------------------------------------
Title: President
GMAC COMMERCIAL CREDIT LLC
By: /s/ Xxxxx Xxxxxxxx
------------------------------------
Title: Senior Vice President
-0-
XXXXX XX XXX XXXX )
) ss.:
COUNTY OF SUFFOLK )
As of this 10th day of January, 2002, before me personally came Xxxxxxx X.
Xxxxx, to me known, who being duly sworn, did depose and say, that he is the
Presidnet of TII NETWORK TECHNOLOGIES, INC., the corporation described in and
which executed the foregoing instrument; and that he signed his name thereto by
order of the Board of Directors of said corporation.
/s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Notary Public
STATE OF NEW YORK )
) ss.:
COUNTY OF SUFFOLK )
As of this 10th day of January, 2002, before me personally came Xxxxx
Xxxxxxxx, to me known, who, being duly sworn, did depose and say, that he is a
Senior Vice President of GMAC COMMERCIAL CREDIT LLC, the limited liability
company described in and which executed the foregoing instrument; and that he
signed his name thereto with the consent of the members thereof
/s/ Xxxxx X. Xxxxx
----------------------------------------
Notary Public
SCHEDULE A
LIST OF PATENTS AND APPLICATIONS
--------------------------------
--------------------------------------------------------------------------------------------------------------------
Patent Description Patent Number Date of Patent/
Application
--------------------------------------------------------------------------------------------------------------------
Protector Housing DES 274,721 07/17/84
--------------------------------------------------------------------------------------------------------------------
Electronic Test or The Like DES 278,041 03/19/85
--------------------------------------------------------------------------------------------------------------------
Protector Housing for Telecommunications DES 287,583 01/06/87
Equipment
--------------------------------------------------------------------------------------------------------------------
Protector Housing for Telecommunications DES 292,089 09/29/87
Equipment or The Like
--------------------------------------------------------------------------------------------------------------------
Protector Housing for Telecommunications DES 299,130 12/27/88
Equipment
--------------------------------------------------------------------------------------------------------------------
Protector Housing for Telecommunications DES 312,460 11/27/90
Equipment
--------------------------------------------------------------------------------------------------------------------
Multiple Telephone Network Interface Housing DES 320,796 10/15/91
--------------------------------------------------------------------------------------------------------------------
Telephone Network Interface Module DES 347,229 5/24/94
--------------------------------------------------------------------------------------------------------------------
Telephone Terminal Apparatus DES 347,438 05/31/94
--------------------------------------------------------------------------------------------------------------------
Combined Environmentally Sealed Telephone DES 355,406 02/14/95
Terminal Module and Covered Telephone Xxxx
--------------------------------------------------------------------------------------------------------------------
Solid State Surge Protector Module for Telephone DES 368,251 03/26/96
Communications Line
--------------------------------------------------------------------------------------------------------------------
Exterior Surface of An Environmentally Sealed DES 384,670 10/07/97
Telephone Terminal Module With Test Light
--------------------------------------------------------------------------------------------------------------------
Exterior Surface of An Environmentally Sealed DES 384,671 10/07/97
Telephone Terminal Module
--------------------------------------------------------------------------------------------------------------------
Terminal Closure DES 385,850 11/04/97
--------------------------------------------------------------------------------------------------------------------
Environmentally Sealed Electrical Terminal with DES 389,800 01/27/98
Hook-up Wire Management
--------------------------------------------------------------------------------------------------------------------
Thermal Switch Short Circulating Device for 4,275,432 06/23/81
Arrester Systems
--------------------------------------------------------------------------------------------------------------------
Excess Voltage Arrester 4,277,812 07/07/81
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Patent Description Patent Number Date of Patent/
Application
--------------------------------------------------------------------------------------------------------------------
Transformerless Hybrid Circuit 4,278,847 07/14/81
--------------------------------------------------------------------------------------------------------------------
Fail Safe Surge Arrester Systems 4,303,959 12/01/81
--------------------------------------------------------------------------------------------------------------------
Surge Arrester Assembly 4,319,300 03/09/82
--------------------------------------------------------------------------------------------------------------------
Surge Arrester Assembly 4,320,435 03/16/82
--------------------------------------------------------------------------------------------------------------------
Four-Party Automatic Number Identification
Circuit Arrangements 4,324,953 04/13/82
--------------------------------------------------------------------------------------------------------------------
Telephone Ringer Isolator Circuit Arrangement 4,331,838 05/25/82
--------------------------------------------------------------------------------------------------------------------
Procedure for Manufacturing Gas-Filled
Discharge Devices 4,383,723 05/17/83
--------------------------------------------------------------------------------------------------------------------
Telephone Carrier System Repeater and Power
System 4,392,225 07/05/83
--------------------------------------------------------------------------------------------------------------------
Surge Arrester Assembly 4,394,704 07/19/83
--------------------------------------------------------------------------------------------------------------------
Overvoltage Surge Arrester with Predetermined
Creepage Path 4,396,970 08/02/83
--------------------------------------------------------------------------------------------------------------------
Equipment Protector and Energy Saving
Apparatus 4,415,943 11/15/83
--------------------------------------------------------------------------------------------------------------------
Equipment for Manufacturing Gas-Filled
Discharge Tubes for Use as Transient Protection 4,424,026 01/03/84
--------------------------------------------------------------------------------------------------------------------
Miniature Central Surge Protectors 4,424,546 01/03/84
--------------------------------------------------------------------------------------------------------------------
Signalling and Channel Loop Test Circuits for
Station Carrier Telephone Systems 4,431,875 02/14/84
--------------------------------------------------------------------------------------------------------------------
Solid State Hybrid Circuits 4,433,215 02/21/84
--------------------------------------------------------------------------------------------------------------------
Combination Power and Communications Line
Protector Apparatus 4,438,477 03/20/84
--------------------------------------------------------------------------------------------------------------------
Power Supplies with Latch-Up Prevention and Auto Backup 4,600,875 07/15/86
--------------------------------------------------------------------------------------------------------------------
Station Interface & Protector Apparatus 4,624,514 11/25/86
--------------------------------------------------------------------------------------------------------------------
Line Protector 4,701,825 10/20/87
--------------------------------------------------------------------------------------------------------------------
Station Interface & Protector Apparatus 4,853,960 08/01/89
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Patent Description Patent Number Date of Patent/
Application
--------------------------------------------------------------------------------------------------------------------
Retrofit Network Interface Apparatus 4,860,350 08/22/89
--------------------------------------------------------------------------------------------------------------------
Self Contained Air Gap Assembly 4,866,562 09/12/89
--------------------------------------------------------------------------------------------------------------------
Surge Suppression on AC Power Lines 4,912,589 03/27/90
--------------------------------------------------------------------------------------------------------------------
Weatherproofing Apparatus for Telephone
Connectors 4,917,617 04/17/90
--------------------------------------------------------------------------------------------------------------------
Utility Meter to Telephone Line Interface 5,018,192 05/21/91
--------------------------------------------------------------------------------------------------------------------
Back-up Surge Arrester 5,050,033 09/17/91
--------------------------------------------------------------------------------------------------------------------
Solid State Station Protectors 5,210,677 05/11/93
--------------------------------------------------------------------------------------------------------------------
Solid State Station Protectors 5,224,012 06/29/93
--------------------------------------------------------------------------------------------------------------------
Miniature Station Protector Modules 5,224,013 06/29/93
--------------------------------------------------------------------------------------------------------------------
Back-up Air Gaps 5,282,109 01/25/94
--------------------------------------------------------------------------------------------------------------------
Weatherproof Telephone Network Interface
Modules 5,291,553 03/01/94
--------------------------------------------------------------------------------------------------------------------
Weatherproof Station Protection Modules 5,307,231 04/26/94
--------------------------------------------------------------------------------------------------------------------
Network Interface Modules 5,367,569 11/22/94
--------------------------------------------------------------------------------------------------------------------
Solid State Surge Protectors 5,384,679 01/24/95
--------------------------------------------------------------------------------------------------------------------
Insulation Displacement Terminal Connectors 5,453,021 09/26/95
--------------------------------------------------------------------------------------------------------------------
Miniature Station Protector Modules with an
internal Protector Housing 5,457,592 10/10/95
--------------------------------------------------------------------------------------------------------------------
Miniature Station Protector Modules with an
internal Protector Housing 5,490,032 02/06/96
--------------------------------------------------------------------------------------------------------------------
Minature Gas Tube Assembly with Back-Up Air
Gap 5,508,675 04/16/96
--------------------------------------------------------------------------------------------------------------------
Weatherproof Telephone Station Protectors 5,508,877 04/16/96
--------------------------------------------------------------------------------------------------------------------
Weatherproof Telephone Station Protectors 5,537,471 07/16/96
--------------------------------------------------------------------------------------------------------------------
Modular Device for Telephone Network Interface
Apparatus 5,553,136 09/03/96
--------------------------------------------------------------------------------------------------------------------
Co-axial Transmission Line Surge Arrestor 5,566,056 10/15/96
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Patent Description Patent Number Date of Patent/
Application
--------------------------------------------------------------------------------------------------------------------
Combined Overvoltage Station Protector
Apparatus Having Maintenance Termination and
Half Ringer Circuitry 5,572,397 11/05/96
--------------------------------------------------------------------------------------------------------------------
Mounting Clip with Back-Up Overvoltage
Protection 5,581,428 12/03/96
--------------------------------------------------------------------------------------------------------------------
Overvoltage Protection Circuits 5,623,388 04/22/97
--------------------------------------------------------------------------------------------------------------------
Network Interface Enclosure 5,633,926 05/27/97
--------------------------------------------------------------------------------------------------------------------
Wire Termination Device 5,637,011 06/10/97
--------------------------------------------------------------------------------------------------------------------
Network Interface Apparatus With Coaxial
Transmission Line Surge Arrestor 5,657,196 08/12/97
--------------------------------------------------------------------------------------------------------------------
Switchable Electrical Socket (AUTO-XXXX) 5,704,797 01/06/98
--------------------------------------------------------------------------------------------------------------------
Optical Fiber Enclosure System 5,708,751 01/13/98
--------------------------------------------------------------------------------------------------------------------
Overvoltage Protection Modules with Back-up
Protection for Communications Lines 5,721,663 02/24/98
--------------------------------------------------------------------------------------------------------------------
Coaxial Transmission Line Surge Arrestor with
Fusable Link 5,724,220 03/03/98
--------------------------------------------------------------------------------------------------------------------
Mounting Clip with a Pair of Overvoltage 08/087,451 07/09/93
Protection Apparatuses
--------------------------------------------------------------------------------------------------------------------
Telephone Network Interface Apparatus 08/287,505 08/08/94
--------------------------------------------------------------------------------------------------------------------
Overvoltage Protection Circuits 08/438,448 05/10/95
--------------------------------------------------------------------------------------------------------------------
Multi Fiber Fusion Splice Protection Sleeve 08/573,260 12/15/95
--------------------------------------------------------------------------------------------------------------------
Combination Coaxial Surge Arrestor/Power
Extractor 08/740,732 11/04/96
--------------------------------------------------------------------------------------------------------------------
Customer Bridge Module 08/747,655 11/13/96
--------------------------------------------------------------------------------------------------------------------
Fiber Optic Runway System 08/768,127 12/07/96
--------------------------------------------------------------------------------------------------------------------
Multi Fiber Fusion Splice Protection Sleeve 08/796,926 02/07/97
--------------------------------------------------------------------------------------------------------------------
Fiber Optic Cable Bend Radius Control 98/03159 02/18/98
--------------------------------------------------------------------------------------------------------------------
Fiber Optic Cable Bend Radius Control 08/819,407 03/17/97
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Patent Description Patent Number Date of Patent/
Application
--------------------------------------------------------------------------------------------------------------------
Cable Interconnection Apparatus for Network 08/851,886 05/06/97
Interface Device
--------------------------------------------------------------------------------------------------------------------
Residential Protection Service Center 08/868,351 06/03/97
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Network Interface Device (Auto-Xxxx-In-A-Box) 08/933,284 09/18/97
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Ethernet Overvoltage/Overcurrent Protection
System 08/984,593 12/03/97
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Network Interface Device for High Speed Data
Lines 08/993,271 12/18/97
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Modular Device for Telephone Network Interface
Apparatus 95/06081 06/16/95
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Co-Axial Transmission Line Surge Arrestor 95/00992 01/25/95
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Residential Protection Service Center 09/052,233 03/31/98
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Residential Protection Service Center 09/163,129 09/29/98
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Surge Suppressor 09/197,820 11/23/98
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Surge Suppressor With Virtual Ground 09/266,118 03/10/99
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Combination Ground Fault Interrupter/Surge
Suppressor 09/299,265 04/26/99
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Test Contract for Overvoltage Protection
Apparatus 09/473,079 12/28/99
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Surge Suppressor 09/567,301 05/08/00
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Drop Fault Current Interrupter 09/630,208 08/01/00
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Telecommunications Terminal Block 09/645,705 08/24/00
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SCHEDULE B - LICENSES
PATENT COLLATERAL ASSIGNMENT AND SECURITY AGREEMENT
---------------------------------------------------
I. License Agreement dated October 22, 1992 between Georgia Tech Research
Corporation and TII Industries, Inc. granting TII an exclusive, royalty bearing
license under U.S. Patent No. 5,368,501 and reserving to Georgia Tech Research
Corporation an irrevocable, non-exclusive, royalty-free, nontransferable license
to practice the patented invention for educational and research and development
activities.
II. License Agreement dated September 30, 1997 between CITEL S.A. and TII
Industries, Inc. granting TII a sole, royalty-bearing license under U.S. Patent
No. 4,616,155 and the French, Indian and Belgian counterpart patents and
reserving to CITEL the right to practice the patented invention commercially.
EXHIBIT 1
SPECIAL POWER OF ATTORNEY
-------------------------
(PATENT)
------
STATE OF NEW YORK )
) ss.:
COUNTY OF SUFFOLK )
KNOW ALL MEN BY THESE PRESENTS, that TII NETWORK TECHNOLOGIES, INC.
("DEBTOR"), having an office at 0000 Xxxxx Xxxxxx, Xxxxxxxx, Xxx Xxxx 00000,
hereby appoints and constitutes, severally, GMAC COMMERCIAL CREDIT LLC ("SECURED
PARTY"), and each of its officers, its true and lawful attorney, with full power
of substitution and with full power and authority to perform the following acts
on behalf of Debtor at any time after the occurrence and during the continuance
of an Event of Default under the Security Agreement (as hereinafter defined):
1. Execution and delivery of any and all agreements, documents, instrument
of assignment, or other papers which Secured Party, in its discretion, deems
necessary or advisable for the purpose of assigning, selling, or otherwise
disposing of all right, title, and interest of Debtor in and to any patents and
all registrations, recordings, reissues, extensions, and renewals thereof, or
for the purpose of recording, registering and filing of, or accomplishing any
other formality with respect to the foregoing.
2. Execution and delivery of any and all documents, statements,
certificates or other papers which Secured Party, in its discretion, deems
necessary or advisable to further the purposes described in Subparagraph 1
hereof.
This Power of Attorney, being a power coupled with an interest, is made
pursuant to a Patent Collateral Assignment and Security Agreement between Debtor
and Secured Party, of even date herewith (the "SECURITY AGREEMENT") and may not
be revoked until payment in full of all Debtor's "Obligations", as such term is
defined in the Security Agreement and is subject to the terms and provisions
thereof.
December 10, 2001
TII NETWORK TECHNOLOGIES, INC.
By:
-------------------------------------
Name: Xxxxxxx X. Xxxxx
Title: President
STATE OF NEW YORK )
) ss.:
COUNTY OF SUFFOLK )
As of this 10th day of January, 2002, before me personally came
Xxxxxxx X. Xxxxx, to me known, who being duly sworn, did depose and say, that
he is the President of TII NETWORK TECHNOLOGIES, INC., the corporation
described in and which executed the foregoing instrument; and that he signed his
name thereto by order of the Board of Directors of said corporation.
----------------------------------------
Notary Public
