INTELLECTUAL PROPERTY SECURITY AGREEMENT
 
THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT is entered into as of April 19,
2012 by and among AVIDBANK CORPORATE FINANCE, A DIVISION OF AVIDBANK, a
California corporation (“Bank”) and AUXILIO, INC., a Nevada corporation
(“Auxilio”) and AUXILIO SOLUTIONS, INC., a California corporation
(“Solutions”).  Auxilio and Solutions are each referred to herein as a “Grantor”
and collectively, as the “Grantors”).
 
Recitals
 
Bank has agreed to make certain advances of money and to extend certain
financial accommodation to Grantors (the “Loans”) in the amounts and manner set
forth in that certain Loan and Security Agreement by and between Bank and
Grantors (as amended from time to time, the “Loan Agreement”) dated of even date
herewith.  Capitalized terms used herein have the meaning assigned in the Loan
Agreement.  Bank is willing to make the credit extensions to Grantors, but only
upon the condition, among others, that each Grantor shall grant to Bank a
security interest in all of such Grantor’s right title, and interest in, to and
under all of the Collateral whether presently existing or hereafter acquired
 
Now, Therefore, each Grantor agrees as follows:
 
Agreement
 
To secure performance of Grantors’ obligations under the Loan Agreement, each
Grantor grants to Bank a security interest in all of such Grantor’s right, title
and interest in such Grantor’s intellectual property (including without
limitation those Copyrights, Patents and Trademarks listed on Exhibits A, B and
C hereto), including without limitation all proceeds thereof (such as, by way of
example but not by way of limitation, license royalties and proceeds of
infringement suits).  This security interest is granted in conjunction with the
security interest granted to Bank under the Loan Agreement.  Each right, power
and remedy of Bank provided for herein shall not preclude the simultaneous or
later exercise by Bank of any or all other rights, powers or remedies.
 
This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original but all of which together shall constitute the same
instrument.
 
[SIGNATURE PAGE FOLLOWS.]
 

 
 

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In Witness Whereof, the parties have caused this Intellectual Property Security
Agreement to be duly executed as of the first date written above.
 
Address of Borrower:
AUXILIO, INC.
 
c/o Auxilio, Inc.
26300 La Alameda, Suite 100
Mission Viejo, CA 92691
Attn:  Joseph Flynn, CEO; Paul Anthony, CFO
Attn:  Matt Hill, CEO
 
By: /s/ Paul T.
Anthony                                                              
 
Print Name: Paul T. Anthony                                                     
 
Title: CFO                                                    
     
AUXILIO SOLUTIONS, INC.
 
 
By: /s/ Paul T. Anthony
 
Print Name: Paul T. Anthony
 
Title: CFO                                                 
       
Address of Bank:
AVIDBANK CORPORATE FINANCE,
A DIVISION OF AVIDBANK
 
400 Emerson Street
Palo Alto, CA 94301
Attn:  Mike Hansen and Jon Krogstad
By: /s/ Jon Krogstad                                                
 
Title:  SVP                                                    

 
 
 
 

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Exhibit A
 
Copyrights
 
Title
 
Registration Number
 
Registration Date
                   

 
 

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Exhibit B
 
Patents
 
Title
 
Serial/ Patent Number
 
Application/ Issue Date
                   

 
 
 

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Exhibit C
 
Trademarks
 
Description
 
Serial / Registration Number
 
Application /Registration Date
         

 

 
 

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