Exhibit 10.5

 

PATENT SECURITY AGREEMENT

 

This PATENT SECURITY AGREEMENT (this “Patent Security Agreement”) is made this
10th day of June 2005, among the Grantors listed on the signature pages hereof
(collectively, jointly and severally, “Grantors” and each individually
“Grantor”), and WELLS FARGO FOOTHILL, INC., in its capacity as administrative
agent for the Lender Group and the Bank Product Provider (together with its
successors, “Agent”).

 

WITNESSETH:

 

WHEREAS, pursuant to that certain Credit Agreement of even date herewith (as
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among SAVVIS Communications Corporation, a Missouri
corporation, as borrower (the “Borrower”), SAVVIS, Inc. (f/k/a SAVVIS
Communications Corporation), a Delaware corporation, the lenders party thereto
as “Lenders” (“Lenders”), and Agent, the Lender Group is willing to make certain
financial accommodations available to the Borrower pursuant to the terms and
conditions thereof; and

 

WHEREAS, the members of Lender Group are willing to make the financial
accommodations to Borrower as provided for in the Credit Agreement, but only
upon the condition, among others, that the Grantors shall have executed and
delivered to Agent, for the benefit of the Lender Group and the Bank Product
Provider, that certain Security Agreement of even date herewith (including all
annexes, exhibits or schedules thereto, as from time to time amended, restated,
supplemented or otherwise modified, the “Security Agreement”);

 

WHEREAS, pursuant to the Security Agreement, Grantors are required to execute
and deliver to Agent, for the benefit of the Lender Group and the Bank Product
Provider, this Patent Security Agreement;

 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor hereby agrees as
follows:

 

1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein
have the meanings given to them in the Security Agreement and/or the Credit
Agreement.

 

2. GRANT OF SECURITY INTEREST IN PATENT COLLATERAL. Each Grantor hereby grants
to Agent, for the benefit of the Lender Group and the Bank Product Provider, a
continuing first priority security interest in all of such Grantor’s right,
title and interest in, to and under the following, whether presently existing or
hereafter created or acquired (collectively, the “Patent Collateral”):

 

(a) all of its Patents and Patent Intellectual Property Licenses to which it is
a party including those referred to on Schedule I hereto;

 

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(b) all reissues, continuations or extensions of the foregoing; and

 

(c) all products and proceeds of the foregoing, including, without limitation,
any claim by such Grantor against third parties for past, present or future
infringement or dilution of any Patent or any Patent licensed under any
Intellectual Property License.

 

3. SECURITY AGREEMENT. The security interests granted pursuant to this Patent
Security Agreement are granted in conjunction with the security interests
granted to Agent, for the benefit of the Lender Group and the Bank Product
Provider, pursuant to the Security Agreement. Each Grantor hereby acknowledges
and affirms that the rights and remedies of Agent with respect to the security
interest in the Patent Collateral made and granted hereby are more fully set
forth in the Security Agreement, the terms and provisions of which are
incorporated by reference herein as if fully set forth herein.

 

4. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new
patentable inventions or become entitled to the benefit of any patent
application or patent for any reissue, division, or continuation, of any patent,
the provisions of this Patent Security Agreement shall automatically apply
thereto. Grantors shall give prompt notice in writing to Agent with respect to
any such new patent rights. Without limiting Grantors’ obligations under this
Section 4, Grantors hereby authorize Agent unilaterally to modify this Agreement
by amending Schedule I to include any such new patent rights of Grantors.
Notwithstanding the foregoing, no failure to so modify this Patent Security
Agreement or amend Schedule I shall in any way affect, invalidate or detract
from Agent’s continuing security interest in all Collateral, whether or not
listed on Schedule I.

 

5. COUNTERPARTS. This Patent Security Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all such
separate counterparts shall together constitute but one and the same instrument.
In proving this Patent Security Agreement or any other Loan Document in any
judicial proceedings, it shall not be necessary to produce or account for more
than one such counterpart signed by the party against whom such enforcement is
sought. Any signatures delivered by a party by facsimile transmission or by
e-mail transmission shall be deemed an original signature hereto.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be
executed and delivered by its duly authorized officer as of the date first set
forth above.

 

SAVVIS COMMUNICATIONS CORPORATION,

a Missouri corporation

By:

 

/s/ Jeffrey H. Von Deylen

Name:

 

Jeffrey H. Von Deylen

Title:

  Executive Vice President and Chief Financial Officer ACCEPTED AND ACKNOWLEDGED
BY:

WELLS FARGO FOOTHILL, INC., as Agent

By:

 

/s/ Phyliss Hasen

Name:

 

Phyliss Hasen

Title:

 

Senior Vice President

 

Signature Page to Patent Security Agreement

 

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Schedule I

Patents and Patent Intellectual Property Licenses

 

1. Patents

 

Pending U.S. Patent Applications:

 

Title

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Application No.

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Filed

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Configurable adaptive global traffic control and management    10/259,497   
September 30, 2002 Managed Object Replication    10/073,938    February 14, 2002
Systems, methods and protocols for securing data in transit over networks   
10/190,495    July 9, 2002 Integrity Monitoring System and Data Visualization
Tool for Viewing Data Generated Thereby    10/768,738    February 2, 2004 Event
monitoring system and method    10/318,025    December 13, 2002 Product toolkit
system and method    10/315,214    December 10, 2002 Real-time streaming media
measurement system and method    10/174,481    June 19, 2002 System and method
for providing composite variance analysis for network operation    10/743,732   
December 24, 2003 System and method for preventing comprehension of a printed
document    09/612,598    July 2, 2003 Optimized network resource location   
09/930,975    August 17, 2001 Internet content delivery network    10/095,811   
March 13, 2002 Secured shared storage architecture    10/173,512    June 14,
2002 Methods and systems for shared storage virtualization    10/192,182    July
9, 2002 On-demand overlay routing for computer-based communication networks   
10/630,559    July 30, 2003 Method and System for Optimizing Routing of Data
Packets    11/013,361    December 17, 2004 Identifying and requesting data in
network using identifiers which are based on contents of data (co-owned with
Kinetech)    09/987,723    November 15, 2001 Identifying data in a data
processing system (co-owned with Kinetech)    10/742,972    December 23, 2003
Content Delivery Network and Associated Methods and Mechanisms    11/017,650   
December 22, 2004 Filed/Not Published    10/430,375    May 7, 2003 Filed/Not
Published    09/603,174    June 23, 2000

 

Issued U.S. Patents:

 

Patent Name

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Registration No.

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Date Issued

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System and method for providing composite variance analysis for network
operation    6,708,137    March 16, 2004 Optimized network resource location   
6,185,598    February 6, 2001 Internet content delivery network    6,654,807   
November 25, 2003 Document management system and method for business quality
modeling    6,154,753    November 28, 2000 On-demand overlay routing for
computer-based communication networks    6,275,470    August 14, 2001 On-demand
overlay routing for computer-based communication networks    6,473,405   
October 29, 2002

 

Signature Page to Patent Security Agreement

 

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On-demand overlay routing for computer-based communication networks    6,778,502
   August 17, 2004 Method and system for optimizing routing of data packets   
6,130,890    October 10, 2000 Data processing system using substantially unique
identifiers to identify data items, whereby identical data items have the same
identifiers (co-owned with Kinetech)    5,978,791    November 2, 1999
Identifying and requesting data in network using identifiers which are based on
contents of data (co-owned with Kinetech)    6,415,280    July 2, 2002 Service
network incorporating geographically-remote hubs linked by high speed
transmission paths    6,044,405    March 28, 2000 Method and system for
optimizing routing of data packets    6,870,851    March 22, 2005 Method for
cloning a source application with assignment of unique identifier to clone
application    6,088,516    July 11, 2000

 

Foreign Patents or Applications:

 

Country / Entity

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App. No.

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Patent No.

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Korea    10-2004-70046B      China    2821371.8      EPO    2799672.7      Japan
   2003-531370      Japan    2003-568495      Korea    10-2004-7012607     
Europe    3739748.6      China           Canada    2320261      Europe   
99906680.6      Hong Kong    1103543.5      Europe    128346.4    EP (UK)
1143337 B1 Sweden         128346.4 Germany         699 09 839.4-08 Australia   
26529/99    763539 Japan    2000-530860      Norway    20004010      Europe   
2782505.8      Europe    2752239      Japan    2001-504633      Europe   
941508.4      Canada    2,374,621      Taiwan    88116516    133064 Japan   
531073/1996      Europe    96910762.2      Europe    979234093      Canada   
2224664    2224664 Australia    29221/97    736773 Japan    9-537246      New
Zealand    329369     

 

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2. Patent Intellectual Property Licenses

 

Borrower, as successor in interest to Digital Island, Inc., has a license to use
technology jointly owned with Kinetech, Inc. pursuant to that certain License
Agreement, dated September 1, 2000, among Digital Island, Inc. and Kinetech,
Inc.

 

Borrower has a license to use technology owned by Inkra Networks Corporation
pursuant to that certain Technology Agreement, dated May 24, 2005, among
Borrower and Inkra Networks Corporation.

 

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