Exhibit 10.69

 

EXECUTION VERSION

 

FIRST LIEN TRADEMARK SECURITY AGREEMENT

 

FIRST LIEN TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of
February 7, 2014, made by each of the Persons listed on the signature
pages hereto (collectively, the “Grantors”), in favor of Barclays Bank PLC, as
Collateral Agent for the Lenders (in such capacity, together with its successors
in such capacity, the “Collateral Agent”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to the First Lien Guarantee and Collateral Agreement, dated as
of the date hereof (the “Guarantee and Collateral Agreement”), among SFX
Entertainment, Inc. (the “Borrower”), the grantors party thereto, and the
Collateral Agent, the Grantors are required to execute and deliver this
Agreement; and

 

WHEREAS, capitalized terms used herein and not otherwise defined herein shall
have the meanings assigned to such terms in the Guarantee and Collateral
Agreement and the rules of construction and other interpretive provisions
specified in Section 1.02 of the Credit Agreement shall apply to this Agreement.

 

Accordingly, the Grantors and the Collateral Agent agree as follows:

 

SECTION 1.                            Grant of Security.  Each Grantor hereby
grants to the Collateral Agent for the ratable benefit of the Secured Parties a
continuing security interest in all of such Grantor’s right, title and interest
in or to any and all of the following assets and properties now owned or at any
time hereafter acquired by such Grantor and wherever located or in which such
Grantor now has or at any time in the future may acquire any right, title or
interest (collectively, the “Collateral”):

 

(a)                                 each Trademark, including, without
limitation, each registered and applied for United States Trademark and all
goodwill associated with or symbolized by each Trademark listed on Schedule A
hereto; and

 

(b)                                 all proceeds of and revenues from the
foregoing, including, without limitation, all proceeds of and revenues from any
claim by such Grantor against third parties for past, present or future unfair
competition with, or violation of intellectual property rights in connection
with or injury to, or infringement or dilution of, any Trademark owned by such
Grantor (including, without limitation, any United States Trademark identified
in Schedule A hereto).

 

SECTION 2.                            Security for Obligations.  The grant of a
security interest in the Collateral by each Grantor under this Agreement secures
the payment and performance of all Obligations of such Grantor now or hereafter
existing under the Guarantee and Collateral Agreement.

 

SECTION 3.                            Recordation.  Each Grantor authorizes and
requests that the Commissioner for Trademarks at the United States Patent and
Trademark Office record this Agreement.

 

SECTION 4.                            Grants, Rights and Remedies.  This
Agreement has been entered into in conjunction with the provisions of the
Guarantee and Collateral Agreement.  Each Grantor does hereby acknowledge and
confirm that the grant of the security interest hereunder to, and the rights and
remedies of, the Collateral Agent with respect to the Collateral are more fully
set forth in the Guarantee and Collateral Agreement, the terms and provisions of
which are incorporated herein by reference as if fully set forth herein.  In the
event of any conflict between the terms of this Agreement and the terms of the
Guarantee and Collateral Agreement, the terms of the Guarantee and Collateral
Agreement shall govern.

 

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SECTION 5.                            Counterparts.  This Agreement may be
executed by one or more of the parties to this Agreement on any number of
separate counterparts (including by telecopy or other electronic means), and all
of said counterparts taken together shall be deemed to constitute one and the
same instrument.

 

SECTION 6.                            Governing Law.  This Agreement and any
claims, controversy, dispute or cause of action (whether in contract or tort or
otherwise) based upon, arising out of or relating to this Agreement and the
transactions contemplated hereby and thereby shall be governed by, and construed
in accordance with, the Law of the State of New York.

 

SECTION 7.                            Severability.  Any provision of this
Agreement which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

 

[Remainder of the page intentionally left blank]

 

2

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IN WITNESS WHEREOF, each Grantor has duly executed this Agreement as of the day
and year first above written.

 

 

SFX-LIC OPERATING LLC

 

 

 

 

 

 

 

By:

/s/ Richard Rosenstein

 

 

Name:

Richard Rosenstein

 

 

Title:

Chief Financial Officer

 

First Lien Trademark Security Agreement

 

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BEATPORT, LLC

 

 

 

 

 

/s/ Richard Rosenstein

 

Name:

Richard Rosenstein

 

Title:

Chief Financial Officer

 

First Lien Trademark Security Agreement

 

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MADE EVENT, LLC

 

 

 

 

 

 

 

By:

/s/ Richard Rosenstein

 

 

Name:

Richard Rosenstein

 

 

Title:

Chief Financial Officer

 

First Lien Trademark Security Agreement

 

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SFX MARKETING LLC

 

 

 

 

 

 

 

By:

/s/ Richard Rosenstein

 

 

Name:

Richard Rosenstein

 

 

Title:

Chief Financial Officer

 

First Lien Trademark Security Agreement

 

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ACKNOLEDGED AND AGREED:

 

 

 

BARCLAYS BANK PLC, as Collateral Agent

 

 

 

 

 

By

/s/ Craig Malloy

 

 

Name:

Craig Malloy

 

 

Title:

Director

 

 

First Lien Trademark Security Agreement

 

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SCHEDULE A
TO
TRADEMARK SECURITY AGREEMENT

 

U.S. Federal Trademark Registrations

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

REGISTRATION
NO. AND DATE

 

STATUS

 

OWNER

WORLD’S LARGEST PAINT PARTY

 

85/240,789
2/11/2011

 

4,051,072
11/1/2011

 

Registered

 

SFX-LIC Operating LLC

 

 

 

 

 

 

 

 

 

STATE OF EMERGENCY

 

85/601,379
4/18/2012

 

4,253,706
12/4/2012

 

Registered

 

SFX-LIC Operating LLC

 

 

 

 

 

 

 

 

 

CAN’T STOP THE STATE

 

85/601,397
4/18/2012

 

4,253,707
12/4/2012

 

Registered

 

SFX-LIC Operating LLC

 

 

 

 

 

 

 

 

 

RMF

 

85/601,420
4/18/2012

 

4,253,709
12/4/2012

 

Registered

 

SFX-LIC Operating LLC

 

 

 

 

 

 

 

 

 

LIFE IN COLOR

 

85/638,822
5/30/2012

 

4,429,570
11/5/2013

 

Registered

 

SFX-LIC Operating LLC

 

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U.S. Federal Trademark Applications

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

OWNER

DANCEGIVING SAVE ROOM FOR THE MUSIC

 

85/479,845
11/23/2011

 

SFX-LIC Operating LLC

 

 

 

 

 

I AM THANKFUL FOR MUSIC

 

85/479,913
11/23/2011

 

SFX-LIC Operating LLC

 

 

 

 

 

RIVALRY MUSIC FESTIVAL

 

85/601,439
4/18/2012

 

SFX-LIC Operating LLC

 

 

 

 

 

BEYONDGLOW

 

85/613,814
5/1/2012

 

SFX-LIC Operating LLC

 

 

 

 

 

PAINTOPIA

 

85/943,432
05/28/2013

 

SFX-LIC Operating LLC

 

 

 

 

 

LIFE IN COLOR

 

85/884,181
3/22/2013

 

SFX-LIC Operating LLC

 

 

 

 

 

WORLD’S LARGEST PAINT PARTY

 

85/884,227
3/22/2013

 

SFX-LIC Operating LLC

 

 

 

 

 

I GO HARD IN THE PAINT

 

86/029,879
8/6/2013

 

SFX-LIC Operating LLC

 

9

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U.S. Federal Trademark Registrations

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

REGISTRATION
NO. AND DATE

 

STATUS

 

OWNER

BASEWARE

 

78/753,029
11/14/2005

 

3,158,076
10/17/2006

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATBOT

 

85/485860
12/2/2011

 

4,185,671
8/7/12

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATPORT

 

76/518,151
5/30/2003

 

2,985,842
8/16/2005

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATPORT MIX

 

85/152,799
10/14/2010

 

4,040,816
10/18/2011

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATPORT MIX &
Design

[g66532mw03i001.jpg]

 

85/153,116
10/14/2010

 

4,040,817
10/18/2011

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATPORT SOUNDS

 

85/396,844
8/12/2011

 

4,293,035
2/19/2013

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATPORTAL &
Design

[g66532mw03i002.jpg]

 

77/198,205
6/5/2007

 

3,425,679
5/13/2008

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

BEATSOURCE

 

77/20118,769
2/28/2007

 

3,524,861
10/28/2008

 

Registered

 

BEATPORT, LLC

 

10

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TRADEMARK

 

APPLICATION
NO. AND DATE

 

REGISTRATION
NO. AND DATE

 

STATUS

 

OWNER

GET DOWN Logo

[g66532mw03i003.jpg]

 

78/755,864
11/17/2005

 

3,210,719
2/20/2007

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

LOG ON. GET DOWN.

 

76/627,972
1/13/2005

 

3,058,549
2/14/2006

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

MASHBOX

 

85/343,701
6/10/2011

 

4,211,125
9/18/2012

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

MY BEATPORT

 

85/332,533
5/27/2011

 

4,163,489
6/26/2012

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

PLAY WITH MUSIC

 

85/204,693
12/23/2010

 

4,119,425
3/27/2012

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

PROMOONE

[g66532mw03i004.jpg]

 

78/737,889
10/21/2005

 

3,145,372
9/19/2006

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

SOUNDMAIL &
Design

[g66532mw03i005.jpg]

 

77/157,863
4/16/2007

 

3,380,595
2/12/2008

 

Registered

 

BEATPORT, LLC

 

 

 

 

 

 

 

 

 

PLAY WITH MUSIC

 

85/605,758
4/23/2012

 

4,451,997
12/17/2013

 

Registered

 

BEATPORT, LLC

 

11

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U.S. Federal Trademark Applications

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

OWNER

BEATPORT

 

85/711,666
8/23/2012

 

BEATPORT, LLC

 

 

 

 

 

BASEWARE DISTRIBUTION

 

85/422,724
9/14/2011

 

BEATPORT, LLC

 

 

 

 

 

BEATPORT PRO

 

85/455,915
10/25/2011

 

BEATPORT, LLC

 

 

 

 

 

BEATPORT (stylized) & Design

 

85/920,281
5/1/2013

 

BEATPORT, LLC

 

 

 

 

 

BEATPORT LOUNGE

 

85/959,355
6/13/2013

 

BEATPORT, LLC

 

 

 

 

 

BEATPORT PLAY (stylized) & Design

 

85/919,987
5/1/2013

 

BEATPORT, LLC

 

 

 

 

 

SOUNDS TO SAMPLE

 

85/954,236
6/7/2013

 

BEATPORT, LLC

 

 

 

 

 

WE KNOW THE FEELING

 

86/060,932
9/10/2013

 

BEATPORT, LLC

 

 

 

 

 

BEATPORT AMPLIFY

 

86/080,058
10/1/2013

 

BEATPORT, LLC

 

12

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U.S. Federal Trademark Registrations

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

REGISTRATION
NO. AND DATE

 

STATUS

 

OWNER

ELECTRIC ZOO (word mark)

 

85/936,625
5/20/2013

 

4,447,907
12/10/2013

 

Registered

 

MADE EVENT, LLC

 

 

 

 

 

 

 

 

 

ELECTRIC ZOO (design)

 

77/711,013
 4/9/2009

 

3,747,742
2/9/2010

 

Registered

 

MADE EVENT, LLC

 

 

 

 

 

 

 

 

 

Made (design)

 

77/565,155
9/8/2008

 

3,605,821
4/14/2009

 

Registered

 

MADE EVENT, LLC

 

U.S. Federal Trademark Applications

 

TRADEMARK

 

APPLICATION 
NO. AND DATE

 

OWNER

MADE (word mark)

 

85/922,887
5/3/2013

 

MADE EVENT, LLC

 

 

 

 

 

ELECTRIC ZOO (word mark)

 

85/923,072
5/3/2013

 

MADE EVENT, LLC

 

 

 

 

 

ELECTRIC ZOO (word mark)

 

85/925,263
5/7/2013

 

MADE EVENT, LLC

 

 

 

 

 

MADE (word mark)

 

85/936,974
5/20/2013

 

MADE EVENT, LLC

 

 

 

 

 

ELECTRIC BOO

 

86/144,558
12/16/2013

 

MADE EVENT, LLC

 

13

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TRADEMARK

 

APPLICATION 
NO. AND DATE

 

OWNER

SUNDAY SCHOOL

 

86/144,746
12/16/2013

 

MADE EVENT, LLC

 

 

 

 

 

SUNDAY SCHOOL

 

86/144,819
12/16/2013

 

MADE EVENT, LLC

 

14

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U.S. Federal Trademark Registrations

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

REGISTRATION
NO. AND DATE

 

STATUS

 

OWNER

FAME HOUSE

 

85/571,597
3/16/2012

 

4,241,401
11/13/2012

 

Registered

 

SFX MARKETING LLC

 

15

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