Exhibit 10.72

 

EXECUTION VERSION

 

SECOND LIEN TRADEMARK SECURITY AGREEMENT

 

SECOND LIEN TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of
February 4, 2014, made by each of the Persons listed on the signature
pages hereto (collectively, the “Grantors”), in favor of U.S. Bank National
Association, as Collateral Agent (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 Second 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

 

Second Lien Trademark Security Agreement

 

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MADE EVENT, LLC

 

 

 

 

 

/s/ Richard Rosenstein

 

Name:

Richard Rosenstein

 

Title:

Chief Financial Officer

 

Second Lien Trademark Security Agreement

 

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BEATPORT, LLC

 

 

 

 

 

 

 

By:

/s/ Richard Rosenstein

 

 

Name:

Richard Rosenstein

 

 

Title:

Chief Financial Officer

 

Second Lien Trademark Security Agreement

 

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SFX MARKETING LLC

 

 

 

 

 

 

 

By:

/s/ Richard Rosenstein

 

 

Name:

Richard Rosenstein

 

 

Title:

Chief Financial Officer

 

Second Lien Trademark Security Agreement

 

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U.S. BANK NATIONAL ASSOCIATION,

 

as Collateral Agent

 

 

 

 

 

By

/s/ Linda Garcia

 

 

Name:

Linda Garcia

 

Title:

Vice President

 

Second 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

 

4,051,072

 

Registered

 

SFX-LIC

Operating LLC

 

 

2/11/2011

 

11/1/2011

 

 

 

 

 

 

 

 

 

 

 

 

 

STATE OF EMERGENCY

 

85/601,379

 

4,253,706

 

Registered

 

SFX-LIC Operating LLC

 

 

4/18/2012

 

12/4/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

CAN’T STOP THE STATE

 

85/601,397

 

4,253,707

 

Registered

 

SFX-LIC Operating LLC

 

 

4/18/2012

 

12/4/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

RMF

 

85/601,420

 

4,253,709

 

Registered

 

SFX-LIC Operating LLC

 

 

4/18/2012

 

12/4/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

LIFE IN COLOR

 

85/638,822

 

4,429,570

 

Registered

 

SFX-LIC Operating LLC

 

 

5/30/2012

 

11/5/2013

 

 

 

 

 

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U.S. Federal Trademark Applications

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

OWNER

DANCEGIVING SAVE ROOM FOR THE MUSIC

 

85/479,845

 

SFX-LIC Operating LLC

 

 

11/23/2011

 

 

 

 

 

 

 

I AM THANKFUL FOR MUSIC

 

85/479,913

 

SFX-LIC Operating LLC

 

 

11/23/2011

 

 

 

 

 

 

 

RIVALRY MUSIC FESTIVAL

 

85/601,439

 

SFX-LIC Operating LLC

 

 

4/18/2012

 

 

 

 

 

 

 

BEYONDGLOW

 

85/613,814

 

SFX-LIC Operating LLC

 

 

5/1/2012

 

 

 

 

 

 

 

PAINTOPIA

 

85/943,432

 

SFX-LIC Operating LLC

 

 

05/28/2013

 

 

 

 

 

 

 

LIFE IN COLOR

 

85/884,181

 

SFX-LIC Operating LLC

 

 

3/22/2013

 

 

 

 

 

 

 

WORLD’S LARGEST PAINT PARTY

 

85/884,227

 

SFX-LIC Operating LLC

 

 

3/22/2013

 

 

 

 

 

 

 

I GO HARD IN THE PAINT

 

86/029,879

 

SFX-LIC Operating LLC

 

 

8/6/2013

 

 

 

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

 

3,158,076

 

Registered

 

BEATPORT, LLC

 

 

11/14/2005

 

10/17/2006

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATBOT

 

85/485860

 

4,185,671

 

Registered

 

BEATPORT, LLC

 

 

12/2/2011

 

8/7/12

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATPORT

 

76/518,151

 

2,985,842

 

Registered

 

BEATPORT, LLC

 

 

5/30/2003

 

8/16/2005

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATPORT MIX

 

85/152,799

 

4,040,816

 

Registered

 

BEATPORT, LLC

 

 

10/14/2010

 

10/18/2011

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATPORT MIX & Design

 

85/153,116

 

4,040,817

 

Registered

 

BEATPORT, LLC

[g66532mu03i001.jpg]

 

10/14/2010

 

10/18/2011

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATPORT SOUNDS

 

85/396,844

 

4,293,035

 

Registered

 

BEATPORT, LLC

 

 

8/12/2011

 

2/19/2013

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATPORTAL & Design

 

77/198,205

 

3,425,679

 

Registered

 

BEATPORT, LLC

[g66532mu03i002.jpg]

 

6/5/2007

 

5/13/2008

 

 

 

 

 

 

 

 

 

 

 

 

 

BEATSOURCE

 

77/20118,769

 

3,524,861

 

Registered

 

BEATPORT, LLC

 

 

2/28/2007

 

10/28/2008

 

 

 

 

 

10

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TRADEMARK

 

APPLICATION
NO. AND DATE

 

REGISTRATION
NO. AND DATE

 

STATUS

 

OWNER

GET DOWN Logo

 

78/755,864

 

3,210,719

 

Registered

 

BEATPORT, LLC

[g66532mu03i003.jpg]

 

11/17/2005

 

2/20/2007

 

 

 

 

 

 

 

 

 

 

 

 

 

LOG ON. GET DOWN.

 

76/627,972

 

3,058,549

 

Registered

 

BEATPORT, LLC

 

 

1/13/2005

 

2/14/2006

 

 

 

 

 

 

 

 

 

 

 

 

 

MASHBOX

 

85/343,701

 

4,211,125

 

Registered

 

BEATPORT, LLC

 

 

6/10/2011

 

9/18/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

MY BEATPORT

 

85/332,533

 

4,163,489

 

Registered

 

BEATPORT, LLC

 

 

5/27/2011

 

6/26/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

PLAY WITH MUSIC

 

85/204,693

 

4,119,425

 

Registered

 

BEATPORT, LLC

 

 

12/23/2010

 

3/27/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

PROMOONE

 

78/737,889

 

3,145,372

 

Registered

 

BEATPORT, LLC

[g66532mu03i004.jpg]

 

10/21/2005

 

9/19/2006

 

 

 

 

 

 

 

 

 

 

 

 

 

SOUNDMAIL & Design

 

77/157,863

 

3,380,595

 

Registered

 

BEATPORT, LLC

[g66532mu03i005.jpg]

 

4/16/2007

 

2/12/2008

 

 

 

 

 

 

 

 

 

 

 

 

 

PLAY WITH MUSIC

 

85/605,758

 

4,451,997

 

Registered

 

BEATPORT, LLC

 

 

4/23/2012

 

12/17/2013

 

 

 

 

 

11

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U.S. Federal Trademark Applications

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

OWNER

BEATPORT

 

85/711,666

 

BEATPORT, LLC

 

 

8/23/2012

 

 

 

 

 

 

 

BASEWARE DISTRIBUTION

 

85/422,724

 

BEATPORT, LLC

 

 

9/14/2011

 

 

 

 

 

 

 

BEATPORT PRO

 

85/455,915

 

BEATPORT, LLC

 

 

10/25/2011

 

 

 

 

 

 

 

BEATPORT (stylized) & Design

 

85/920,281

 

BEATPORT, LLC

 

 

5/1/2013

 

 

 

 

 

 

 

BEATPORT LOUNGE

 

85/959,355

 

BEATPORT, LLC

 

 

6/13/2013

 

 

 

 

 

 

 

BEATPORT PLAY (stylized) & Design

 

85/919,987

 

BEATPORT, LLC

 

 

5/1/2013

 

 

 

 

 

 

 

SOUNDS TO SAMPLE

 

85/954,236

 

BEATPORT, LLC

 

 

6/7/2013

 

 

 

 

 

 

 

WE KNOW THE FEELING

 

86/060,932

 

BEATPORT, LLC

 

 

9/10/2013

 

 

 

 

 

 

 

BEATPORT AMPLIFY

 

86/080,058

 

BEATPORT, LLC

 

 

10/1/2013

 

 

 

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

 

4,447,907

 

Registered

 

MADE EVENT, LLC

 

 

5/20/2013

 

12/10/2013

 

 

 

 

 

 

 

 

 

 

 

 

 

ELECTRIC ZOO (design)

 

77/711,013

 

3,747,742

 

Registered

 

MADE EVENT, LLC

 

 

4/9/2009

 

2/9/2010

 

 

 

 

 

 

 

 

 

 

 

 

 

Made (design)

 

77/565,155

 

3,605,821

 

Registered

 

MADE EVENT, LLC

 

 

9/8/2008

 

4/14/2009

 

 

 

 

 

U.S. Federal Trademark Applications

 

TRADEMARK

 

APPLICATION
NO. AND DATE

 

OWNER

MADE (word mark)

 

85/922,887

 

MADE EVENT, LLC

 

 

5/3/2013

 

 

 

 

 

 

 

ELECTRIC ZOO (word mark)

 

85/923,072

 

MADE EVENT, LLC

 

 

5/3/2013

 

 

 

 

 

 

 

ELECTRIC ZOO (word mark)

 

85/925,263

 

MADE EVENT, LLC

 

 

5/7/2013

 

 

 

 

 

 

 

MADE (word mark)

 

85/936,974

 

MADE EVENT, LLC

 

 

5/20/2013

 

 

 

 

 

 

 

ELECTRIC BOO

 

86/144,558

 

MADE EVENT, LLC

 

 

12/16/2013

 

 

 

13

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TRADEMARK

 

APPLICATION
NO. AND DATE

 

OWNER

SUNDAY SCHOOL

 

86/144,746

 

MADE EVENT, LLC

 

 

12/16/2013

 

 

 

 

 

 

 

SUNDAY SCHOOL

 

86/144,819

 

MADE EVENT, LLC

 

 

12/16/2013

 

 

 

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

 

4,241,401

 

Registered

 

SFX MARKETING LLC

 

 

3/16/2012

 

11/13/2012

 

 

 

 

 

15

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