EXHIBIT 10.2
 
EXECUTION COPY

AMENDED AND RESTATED INTELLECTUAL PROPERTY SECURITY AGREEMENT

This Intellectual Property Security Agreement (this “Agreement”) is entered into
as of March 31, 2010 by and between SILICON VALLEY BANK (“Bank”) and BRIDGELINE
SOFTWARE, INC., a Delaware corporation formerly known as Bridgeline Software,
Inc. (“Grantor”).
 
RECITALS

A.           Bank has agreed to make certain advances of money and to extend
certain financial accommodation to Grantor (the “Loans”) in the amounts and
manner set forth in that certain Amended and Restated Loan and Security
Agreement by and between Bank and Grantor dated as of the date hereof (as the
same may be amended, modified or supplemented from time to time, the “Loan
Agreement”; capitalized terms used herein are used as defined in the Loan
Agreement).  Bank is willing to make the Loans to Grantor, but only upon the
condition, among others, that Grantor shall grant to Bank a security interest in
certain Copyrights, Trademarks, Patents, and Mask Works (as each term is
described below) to secure the obligations of Grantor under the Loan
Agreement.  This Agreement amends and restates in its entirety that certain
Intellectual Property Security Agreement, dated as of December 29, 2008, by and
between Grantor and Bank.

B.           Pursuant to the terms of the Loan Agreement, Grantor has granted to
Bank a security interest in all of Grantor's right, title and interest, whether
presently existing or hereafter acquired, in, to and under all of the
Collateral.

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged, and intending to be legally bound, as collateral security for the
prompt and complete payment when due of its obligations under the Loan
Agreement, Grantor hereby represents, warrants, covenants and agrees as follows:

AGREEMENT

To secure its obligations under the Loan Agreement, Grantor grants and pledges
to Bank a security interest in all of Grantor’s right, title and interest in, to
and under its intellectual property (all of which shall collectively be called
the “Intellectual Property Collateral”), including, without limitation, the
following:

1.   Any and all copyright rights, copyright applications, copyright
registrations and like protections in each work or authorship and derivative
work thereof, whether published or unpublished and whether or not the same also
constitutes a trade secret, now or hereafter existing, created, acquired or
held, including without limitation those set forth on Exhibit A attached hereto
(collectively, the “Copyrights”);
 
2.   Any and all trade secrets, and any and all intellectual property rights in
computer software and computer software products now or hereafter existing,
created, acquired or held;
 
 
 

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3.   Any and all design rights that may be available to Grantor now or hereafter
existing, created, acquired or held;
 
4.   All patents, patent applications and like protections including, without
limitation, improvements, divisions, continuations, renewals, reissues,
extensions and continuations-in-part of the same, including without limitation
the patents and patent applications set forth on Exhibit B attached hereto
(collectively, the “Patents”);
 
5.   Any trademark and servicemark rights, whether registered or not,
applications to register and registrations of the same and like protections, and
the entire goodwill of the business of Grantor connected with and symbolized by
such trademarks, including without limitation those set forth on Exhibit C
attached hereto (collectively, the “Trademarks”);
 
6.   All mask works or similar rights available for the protection of
semiconductor chips, now owned or hereafter acquired, including, without
limitation those set forth on Exhibit D attached hereto (collectively,
the  “Mask Works”);
 
7.   Any and all claims for damages by way of past, present and future
infringements of any of the rights included above, with the right, but not the
obligation, to sue for and collect such damages for said use or infringement of
the intellectual property rights identified above;
 
8.   All licenses or other rights to use any of the Copyrights, Patents,
Trademarks, or Mask Works and all license fees and royalties arising from such
use to the extent permitted by such license or rights;
 
9.   All amendments, extensions, renewals and extensions of any of the
Copyrights, Trademarks, Patents, or Mask Works; and
 
10.   All proceeds and products of the foregoing, including without limitation
all payments under insurance or any indemnity or warranty payable in respect of
any of the foregoing.
 
This security interest is granted in conjunction with the security interest
granted to Bank under the Loan Agreement.  The rights and remedies of Bank with
respect to the security interest granted hereby are in addition to those set
forth in the Loan Agreement and the other Loan Documents, and those which are
now or hereafter available to Bank as a matter of law or equity.  Each right,
power and remedy of Bank provided for herein or in the Loan Agreement or any of
the Loan Documents, or now or hereafter existing at law or in equity shall be
cumulative and concurrent and shall be in addition to every right, power or
remedy provided for herein and the exercise by Bank of any one or more of the
rights, powers or remedies provided for in this Intellectual Property Security
Agreement, the Loan Agreement or any of the other Loan Documents, or now or
hereafter existing at law or in equity, shall not preclude the simultaneous or
later exercise by any person, including Bank, of any or all other rights, powers
or remedies.
 

[Signature page follows.]

 
 

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IN WITNESS WHEREOF, the parties have caused this Intellectual Property Security
Agreement to be duly executed as a sealed instrument under the laws of the
Commonwealth of Massachusetts, by its officers thereunto duly authorized as of
the first date written above.
 

 
 
 
Address of Grantor: 
 
GRANTOR:

BRIDGELINE DIGITAL, INC., f/k/a
Bridgeline Software, Inc.
 
 
Bridgeline Digital, Inc.
10 Sixth Road
Woburn, Massachusetts  01801
Attn: Ronald M. Levenson, CFO
Fax: (781) 376-5033
Email: rlevenson@blinedigital.com
 
By:     /s/Ronald M. Levenson

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Name: Ronald M. Levenson

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Title:  Executive Vice President and CFO

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Address of Bank: 
 
BANK:
 
SILICON VALLEY BANK 
 
 
One Newton Executive Park, Suite 200
2221 Washington Street
Newton, Massachusetts 02462
Attn: Mr. Mike Foley
Fax: (617) 527-0177
E-mail: mfoley@svb.com
 
By:     /s/Mark Sperling

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Name: Mark Sperling
Title: Relationship Manager
     

 
 

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EXHIBIT A

Copyrights

Description
 
Registration/
Application
Number
 
Registration/
Application
Date
 
                                                                               
   

 
 
 

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EXHIBIT B

Patents

Description
 
Registration/
Application
Number
 
Registration/
Application
Date
 
                                                                               
   

 
 
 

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EXHIBIT C

Trademarks

Description
 
Registration/
Application
Number
 
Registration/
Application
Date
 
                                                                               
   

 
 
 

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Thursday, March 25, 2010
Trademark List (by Trademark)
Page: 1 of 2

 
Trademark
Case Number
Sub
Case
Application No.
Publication No.
Registration No.
Status
 
Country
Case
Type
Filing Date Publication Date
Registration Date
Next Renewal
               
BRIDGELINE
BRIDGETM01
 
ORD
76/444885
 
2,740,059
Registered
 
United States of America
 
28-Aug-2002
29-Apr-2003
22-Jul-2003
22-Jul-2013
Classes: 09 Int., 42 Int.
             
Owner: Bridgeline Digitial, Inc.
 
Attorneys:
  TFD        
Client: Bridgeline Digitial, Inc.
 
Client Reference:
         
Agent: Assistant Comm'r for Trademarks
Agent Reference:
                         
BRIDGELINE DIGITAL
BRIDGETM09
 
ORD
      Unfiled  
United States of America
         
Classes: 42 Int.
             
Owner: Bridgeline Digitial, Inc.
 
Attorneys:
  TFD        
Client: Bridgeline Digitial, Inc.
 
Client Reference:
         
Agent: Assistant Comm'r for Trademarks
Agent Reference:
                         
IAPPS
BRIDGETM04
  ORD
75/019685
 
2,015,430
Registered
 
United States of America
 
09-Nov-1995
20-Sep-1996
20-Nov-1996
20-Aug-2006
Classes: 42 Int.
             
Owner: Bridgeline Digitial, Inc.
 
Attorneys:
  TFD        
Client: Bridgeline Digitial, Inc.
 
Client Reference:
         
Agent: Assistant Comm'r for Trademarks
Agent Reference:
                         
IAPPS
BRIDGETM08
 
ORD
      Unfiled  
United States of America
         
Classes: 42 Int.
             
Owner: Bridgeline Digitial, Inc.
 
Attorneys:
  TFD        
Client: Bridgeline Digitial, Inc.
 
Client Reference:
         
Agent: Assistant Comm'r for Trademarks
Agent Reference:
         

 
 
 

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Thursday, March 25, 2010
Trademark List (by Trademark)
Page: 2 of 2

Trademark
Case Number
Sub
Case
Application No.
Publication No.
Registration No.
Status
 
Country
Case
Type
Filing Date
Publication Date
Registration Date
Next Renewal
               
ORGITECTURE
BRIDGETM05
 
ORD
78/919987  
3,237,248
Registered
 
United States of America
 
29-Jun-2006
1 3-Feb-2007
01 -May-2007
01-May-2017
Classes: 42 Int.
 
Attorneys:
  TFD        
Owner: Bridgeline Digitial, Inc.
 
Client Reference:
         
Client: Bridgeline Digitial, Inc.
 
Agent Reference:
         
Agent: Assistant Comm'r for Trademarks
                           
POWERSHOP
BRIDGETM06
 
ORD
77/441715    
Allowed
 
United States of America
 
07-Apr-2008
26-Aug-2008
   
Classes: 09 Int.
             
Owner: Bridgeline Digitial, Inc.
 
Attorneys:
  TFD        
Client: Bridgeline Digitial, Inc.
 
Client Reference:
         
Agent: Assistant Comm'r for Trademarks
Agent Reference:
                         
POWERSHOP
BRIDGETM07
 
ORD
77/441 721    
Allowed
 
United States of America
 
07-Apr-2008
26-Aug-2008
   
Classes: 42 Int.
             
Owner: Bridgeline Digitial, Inc.
 
Attorneys:
  TFD        
Client: Bridgeline Digitial, Inc.
 
Client Reference:
         
Agent: Assistant Comm'r for Trademarks
Agent Reference:
         

 
 
 

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EXHIBIT D

Mask Works

Description
 
Registration/
Application
Number
 
Registration/
Application
Date
 
                                                                               
   

 
 

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