Exhibit 10.2

 

INTELLECTUAL PROPERTY SECURITY AGREEMENT

 

This Intellectual Property Security Agreement (this “Agreement”)dated as of
June 30, 2008 (as defined in the Loan Agreement) is between SILICON VALLEY BANK
(“Bank”) and INTRUSION INC., a Delaware corporation (“Grantor”).

 

RECITALS

 

A.                                   Bank has made advances to Grantor (“Loans”)
as described in that certain Amended and Restated Loan and Security Agreement
dated as of even date herewith (as the same may from time to time be further
amended, modified, supplemented or restated, the “Loan Agreement”).  Capitalized
terms not otherwise defined herein shall the meaning set forth in the Loan
Agreement.

 

B.                                     Borrower has requested that Bank amend
the Loan Agreement, and Bank as agreed, subject to, among other things,
Grantor’s granting to Bank a security interest in Grantor’s Copyrights,
Trademarks, Patents, and Mask Works and other intellectual property (the
“Intellectual Property Collateral”).

 

C.                                     Grantor has granted Bank a security
interest in all of its right, title and interest, presently existing or later
acquired to all the Collateral.

 

AGREEMENT

 

Grantor grants Bank a security interest in all of its right, title and interest
in its Intellectual Property Collateral (such as the Copyrights, Patents,
Trademarks and Mask Works listed on Schedules A, B, C and D), and all proceeds
(such as license royalties and proceeds of infringement suits), the right to sue
for past, present and future infringements rights throughout the world and all
reissues, divisions, continuations, renewals, extensions and
continuations-in-part.

 

This security interest is granted in conjunction with the security interest
granted under the Loan Agreement.  Bank’s rights and remedies in the security
interest are in addition to those in the Loan Agreement and the other Loan
Documents, and those available in law or equity.  Bank’s rights powers and
interests are cumulative with every right, power or remedy provided here. 
Bank’s exercise of its rights, powers or remedies in this Agreement, the Loan
Agreement or any other Loan Document, does not preclude the simultaneous or
later exercise of any or all other right, power or remedy.

 

BANK:

 

GRANTOR:

 

 

 

SILICON VALLEY BANK

 

INTRUSION INC.,

 

 

a Delaware corporation

 

 

 

/s/ Krista Hall

 

 

/s/Michael L. Paxton

(Signature)

 

(Signature)

 

 

 

Relationship Manager

 

 

Vice President & CFO

(Title)

 

(Title)

 

1

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EXHIBIT A

 

Copyrights

 

 

 

Registration/Application

 

Registration/Application

Description

 

Number

 

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

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EXHIBIT B

 

Patents

 

Description

 

Patent No./Application

Number

 

Issue Date/Filing

Date

SYSTEM AND METHOD FOR DETECTING NETWORK EVENTS

 

10/199893

 

July 19, 2002

EVENT DETECTION

 

6,347,374

 

February 12, 2002

 

1

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EXHIBIT C

 

Trademarks

 

Description

 

Registration/Application
Number

 

Registration/Application
Date

 

 

 

 

 

COMPLIANCE COMMANDER (US)

 

78/772063

 

December 13, 2005

INTRUSION DETECTION (US)

 

1,824,782

 

March 1, 1994

INTRUSION.COM (US)

 

2,703,281

 

April 1, 2003

INTRUSION.COM (Australia)

 

840,513

 

March 21, 2002

INTRUSION.COM (Brazil)

 

823100510

 

August 22, 2000

INTRUSION.COM (Canada)

 

628544

 

December 16, 2004

INTRUSION.COM (China)

 

1642288

 

September 28, 2001

INTRUSION.COM (European Community)

 

1738723

 

January 23, 2002

INTRUSION.COM (Indonesia)

 

484942

 

August 1, 2001

INTRUSION.COM (Japan)

 

4455655

 

February 23, 2001

INTRUSION.COM (Korea)

 

0507685

 

November 29, 2001

INTRUSION.COM (Mexico)

 

723852

 

November 27, 2001

INTRUSION.COM (New Zealand)

 

617399

 

February 8, 2001

INTRUSION.COM (Norway)

 

205811

 

November 22, 2000

INTRUSION.COM (Singapore)

 

T00/11221J

 

March 6, 2000

INTRUSION.COM (Taiwan)

 

960274

 

September 16, 2001

INTRUSION.COM (Design US)

 

2,810,945

 

February 3, 2004

INTRUSION.COM IN CHINESE CHARACTERS, SERIES (Hong Kong)

 

6846(A-B)/2002

 

August 2, 2000

KANE SECURITY MONITOR (Japan)

 

4357913

 

February 4, 2000

SECURENET PRO (STYLIZED) (US)

 

3,043,046

 

January 17, 2006

SECURESHIELD (US)

 

78/169526

 

September 30, 2002

 

1

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EXHIBIT D

 

Mask Works

 

Description

 

Registration/Application

Number

 

Registration/Application

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

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