Exhibit 10.19

GRANT OF SECURITY INTEREST

IN PATENTS AND TRADEMARKS

          THIS GRANT OF SECURITY INTEREST (“Grant”), effected as of July 31,
2007, is executed by INCENTRA SOLUTIONS, INC., a corporation organized under the
laws of the State of Nevada (the “Company”) and MANAGEDSTORAGE INTERANTIONAL,
INC., a corporation organized under the laws of the State of Delaware (“MI” and
together with the Company, the “Grantors” and each, a “Grantor”), in favor of
CALLIOPE CAPITAL CORPORATION (the “Secured Party”).

          A. Pursuant to a Securities Purchase Agreement dated as of the date
hereof (as amended, restated, supplemented or otherwise modified from time to
time, the “Purchase Agreement”) among the Company and the Secured Party, the
terms and provisions of which are hereby incorporated herein as if fully set
forth herein, the Company and its direct and indirect Subsidiaries have granted
a security interest to the Secured Party in consideration of the Secured Party’s
agreement to provide financial accommodations to the Company.

          B. Each Grantor (1) has adopted, used and are using the trademarks
reflected in the trademark registrations and trademark applications in the
United States Patent and Trademark Office more particularly described on
Schedule 1 annexed hereto as part hereof (the “Trademarks”), and (2) has
registered or applied for registration in the United States Patent and Trademark
Office of the patents more particularly described on Schedule 2 annexed hereto
as part hereof (the “Patents”).

          C. Each Grantor wishes to confirm its grant to the Secured Party of a
security interest in all right, title and interest of such Grantor in and to the
Trademarks and Patents, and all proceeds thereof, together with the business as
well as the goodwill of the business symbolized by, or related or pertaining to,
the Trademarks, and the customer lists and records related to the Trademarks and
Patents and all causes of action which may exist by reason of infringement of
any of the Trademarks and Patents (collectively, the “T&P Collateral”), to
secure the payment, performance and observance of the Obligations (as that term
is defined in the Security Agreement).

          NOW, THEREFORE, for good and valuable consideration, receipt of which
is hereby acknowledged:

          1. Each Grantor does hereby further grant to the Secured Party a
security interest in the T&P Collateral to secure the full and prompt payment,
performance and observance of the Obligations.

          2. Each Grantor agrees to perform, so long as the Security Agreement
is in effect, all acts deemed necessary or desirable by the Secured Party to
permit and assist it, at such Grantor’s expense, in obtaining and enforcing the
Trademarks and Patents in any and all countries. Such acts may include, but are
not limited to, execution of documents and assistance or cooperation in legal
proceedings. Each Grantor hereby appoints the Secured Party as such Grantor’s
attorney-

--------------------------------------------------------------------------------

in-fact to execute and file any and all agreements, instruments, documents and
papers as the Secured Party may determine to be necessary or desirable to
evidence the Secured Party’s security interest in the Trademarks and Patents or
any other element of the T&P Collateral, all acts of such attorney-in-fact being
hereby ratified and confirmed.

          3. Each Grantor acknowledges and affirms that the rights and remedies
of the Secured Party with respect to the security interest in the T&P Collateral
granted hereby are more fully set forth in the Security Agreement and the rights
and remedies set forth herein are without prejudice to, and are in addition to,
those set forth in the Security Agreement. In the event that any provisions of
this Grant are deemed to conflict with the Security Agreement, the provisions of
the Security Agreement shall govern.

          4. Each Grantor hereby authorizes the Secured Party to file all such
financing statements or other instruments to the extent required by the Uniform
Commercial Code and agrees to execute all such other documents, agreements and
instruments as may be required or deemed necessary by the Secured Party, in each
case for purposes of affecting or continuing Secured Party’s security interest
in the T&P Collateral.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

2

--------------------------------------------------------------------------------

          IN WITNESS WHEREOF, each Grantor and Calliope has caused this
instrument to be executed as of the day and year first above written.

 

 

 

 

INCENTRA SOLUTIONS, INC.

 

By: 

 

 

 

--------------------------------------------------------------------------------

 

 

Name: Matthew G. Richman

 

 

Title: Senior Vice President. Chief
Corporate Development Officer &
Treasurer

 

 

 

MANAGEDSTORAGE INTERNATIONAL, INC.

 

 

 

By: 

 

 

 

--------------------------------------------------------------------------------

 

 

Name: Matthew G Richman

 

 

Title: Assistant Secretary

 

 

 

CALLIOPE CAPITAL CORPORATION

 

 

 

By: 

 

 

 

--------------------------------------------------------------------------------

 

 

Name:

 

 

Title:

3

--------------------------------------------------------------------------------

SCHEDULE 1 TO GRANT OF SECURITY INTEREST

REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS

 

 

 

 

 

 

 

Trademark

 

Registration or Application Number

 

Registration or Application Date

 

Country

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

MSI ManagedStorage

 

2775014

 

10/21/03

 

US

MSI ManagedStorage

 

2777592

 

10/28/03

 

US

ManagedStorage International

 

2757723

 

8/26/03

 

US

ManagedStorage International

 

2757722

 

8/26/03

 

US

ManagedStorage International

 

2739321

 

7/15/03

 

US

Gridworks

 

2838870

 

5/4/04

 

US

Gridcomplete

 

3010115

 

11/1/05

 

US

Remotestor

 

2822979

 

3/16/04

 

US

MSI ManagedStorage

 

2785848

 

11/25/03

 

US

Gridwatch

 

2845385

 

5/25/04

 

US

Estorage for Ebusiness

 

2437730

 

3/20/01

 

US

--------------------------------------------------------------------------------

SCHEDULE 2 TO GRANT OF SECURITY INTEREST

PATENTS AND PATENT APPLICATIONS

 

 

 

 

 

 

 

Patent

 

Registration or Application Number

 

Registration or Application Date

 

Country

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

 

--------------------------------------------------------------------------------

Direct Disk Monitor

 

10/216,941 (application)

 

8/12/02

 

USA

--------------------------------------------------------------------------------

 

 

 

STATE OF ____________

)

 

 

) ss.:

COUNTY OF __________

)

 

 

          On this ____ day of _________, ____, before me personally came
________________________ who, being by me duly sworn, did state as follows: that
he is ______________ of Incentra Solutions, Inc., that he is authorized to
execute the foregoing Grant on behalf of said corporation and that he did so by
authority of the Board of Directors of said corporation.

 

 

 

--------------------------------------------------------------------------------

 

Notary Public

--------------------------------------------------------------------------------

 

 

STATE OF ____________

)

 

) ss.:

COUNTY OF __________

)

 

 

          On this ____ day of _________, ____, before me personally came
________________________ who, being by me duly sworn, did state as follows: that
he is ______________ of ManagedStorage International, Inc., that he is
authorized to execute the foregoing Grant on behalf of said corporation and that
he did so by authority of the Board of Directors of said corporation.

 

 

 

--------------------------------------------------------------------------------

 

Notary Public

--------------------------------------------------------------------------------

 

 

STATE OF ___________

)

 

) ss

COUNTY OF _________

)

 

 

          On this ____ day of _________, ____, before me personally came
_____________________________ who, being by me duly sworn, did state as follows:
that [s]he is __________________ of Calliope Capital Corporation, that [s]he is
authorized to execute the foregoing Grant on behalf of said corporation and that
[s]he did so by authority of the Board of Directors of said corporation.

 

 

 

--------------------------------------------------------------------------------

 

Notary Public

--------------------------------------------------------------------------------