PAY PROCEEDS AGREEEMENTPay Proceeds Agreeement • May 7th, 2014 • Marathon Patent Group, Inc. • Patent owners & lessors • Texas
This Agreement (this “Agreement”), is made as of May 2, 2014 (the “Effective Date”), by and among Granicus IP, LLC, a Texas limited liability company, with an address of 719 W. Front Street, Suite 242, Tyler, TX 75702 (“Granicus”), TechDev Holdings, LLC, a Texas limited liability company, of 719 W. Front Street, Suite 242, Tyler, TX 75702 (“TechDev”), The Spangenberg Family Foundation for the Benefit of Children’s Healthcare and Education, a 501(c)(3) charitable organization organized under the laws of Texas (“SFF”; Granicus, TechDev and SFF are collectively referred to as the “Sellers” and individually as a “Seller”); and Marathon Patent Group, Inc., a Nevada corporation with an address of 2331 Mill Road, Suite 100, Alexandria, VA 22314 (“Marathon”); All the parties to this Agreement shall be referred to collectively herein as the “Parties” and separately as a “Party”.
