Exhibit 10.91
 
SECURITY AGREEMENT
 
This Security Agreement (this “Agreement”) is dated December 19, 2012 by and
between THE BOEING COMPANY, a Delaware corporation (“Secured Party”), on the one
hand, and MICROFLUIDIC SYSTEMS, a California corporation and POSITIVEID
CORPORATION, a Delaware corporation (collectively, and jointly and severally,
“Grantors”), on the other hand.  Each of Secured Party and Grantors are a
“Party” and collectively, the “Parties.”
 
RECITALS
 
WHEREAS, Secured Party and Grantors have entered into that certain Exclusive
MBAND Licensing Agreement, of even date herewith (the “License Agreement”); and
 
WHEREAS, Grantors have agreed, as a material inducement for Secured Party
agreeing to enter into the License Agreement, to enter into this Agreement and
grant the security herein granted to Secured Party.
 
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of
which is hereby acknowledged, the Parties agree as follows:
 
ARTICLE I
 

 
Definitions
 
SECTION 1.01.  Defined Terms.  Where applicable and except as otherwise defined
herein, terms used in this Agreement shall have the meanings assigned to them in
the Uniform Commercial Code in the State of Delaware from time to time.
 
SECTION 1.02.  Other Defined Terms.  As used in this Agreement, the following
terms have the meanings specified below:
 
“Affiliate” means, with respect to any Person, another Person that directly or
indirectly through one or more intermediaries controls or is controlled by or is
under common control with such Person.
 
“Bankruptcy Event” means, with respect to any Person, such Person (i) becomes
the subject of any voluntary or involuntary bankruptcy or insolvency proceeding,
(ii) has a receiver, conservator, trustee, administrator, custodian, assignee
for the benefit of creditors or similar Person charged with the reorganization
or liquidation of its business appointed for it, or (iii) takes any action in
furtherance of, or indicating its consent to, approval of, or acquiescence in,
any proceeding or appointment identified in the foregoing clauses (i) or (ii).
 
“Business Day” means a day other than a Saturday, Sunday or bank holiday in the
State of California.
 
“Collateral” means the Licensed Products and Intellectual Property Rights
therein (each as defined in the License Agreement), including all related
Documents, inventory, Licenses, money, and Intellectual Property, together with
any interest of Grantors in any of them).
 
 
 

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“Default” means any of the following events: (a) any Grantor breaches any of its
representations, warranties, covenants, agreements or obligations under the
License Agreement or this Agreement; (b) a Bankruptcy Event has occurred with
respect to any Grantor or any of its Affiliates; or (c) any Grantor or any of
its Affiliates becomes unable, admits in writing its inability, or fails
generally to pay its debts as they become due..
 
“Documents” means any and all of Grantors’ books, accounts, invoices, letters,
papers, security certificates, documents, and other records (including customer
lists and records, subject, however, to applicable laws relating to privacy), in
any form evidencing or relating to any part of the Collateral, together with all
agreements, Licenses, and other rights and benefits relating to any of them.
 
“Indemnified Party” has the meaning given to that term in Section 2.07.
 
“Intellectual Property” means:
 
(a)           All inventions, patents, patent rights, patent applications
(including all reissues, divisions, continuations, continuations-in-part, and
extensions of any patent or patent application), patentable subject matter,
unregistered industrial designs, applications for registration of individual
designs, and registered designs, together with any proceeds thereof in whatever
form and wherever located (collectively, the “Patents”);
 
(b)           All trademark and service mark rights, whether registered or not,
applications to register and registrations of the same and like protections, and
the entire goodwill of the business of Assignor connected with and symbolized by
such trademarks (collectively, the “Trademarks”);
 
(c)           All present and future copyrights, whether registered or note and
all present and future applications for copyright registrations (including
applications for copyright registrations of derivative works and compilations)
(collectively, the “Copyrights”);
 
(d)           all rights and interests in and to processes, data, trade secrets,
designs, know-how, processes, product formulae and information, manufacturing,
engineering, and other drawings and manuals, technology, algorithms, blue
prints, research and development reports, technical information, technical
assistance, engineering data, design and engineering specifications, and similar
materials recording or evidencing expertise or information related to the
Collateral;
 
(e)           All right, title and interest in and to any and all present and
future domain names now or hereafter existing, created, acquired or held
(collectively, the “Domain Names”);
 
(f)           All right, title and interest in and to any and all present and
future Licenses with respect to any other Intellectual Property referenced in
this Section (the “IP Licenses”);
 
(g)           All present and future income, proceeds, accounts, accounts
receivable and other rights to payment arising from, in connection with or
relating to any other Intellectual Property referenced in this Section;
 
 
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(h)           Any and all trade secrets, and any and all intellectual property
rights in computer software and computer software products now or hereafter
existing, created, acquired or held;
 
(i)           Any and all claims for damages by way of past, present and future
infringements of any of other Intellectual Property referenced in this Section,
with the right, but not the obligation, to sue for and collect such damages for
said use or infringement of intellectual property rights;
 
(j)           All amendments, extensions, renewals and extensions of any of the
other Intellectual Property referenced in this Section;
 
(k)           All commercial tort claims associated with or arising out of any
of the other Intellectual Property referenced in this Section;
 
(l)           All goodwill in, proceeds and products of any Intellectual
Property referenced in this Section, including, without limitation, all payments
under insurance or any indemnity or warranty payable in respect thereto, and
foreign rights; and
 
(m)           all other intellectual and industrial property rights throughout
the world owned by any Grantor or its Affiliates;
 
“IP Collateral” means all Collateral consisting of any Intellectual Property.
 
“License” means (i) any authorization from any governmental authority having
jurisdiction and/or (ii) any Intellectual Property license, distribution
agreement, co-existence agreement, or other right to use (or agreement not to
pursue a claim with respect to) any Intellectual Property.
 
“License Agreement” has the meaning given to that term in the Recitals.
 
“License Obligations” means (a) Grantors’ obligation to timely perform each and
every one of their obligations under the License Agreement, whether direct or
indirect, contingent or dissolute, joint or several, mature or unmatured
(including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether or
allowed or allowable in such proceeding) and (b) Grantors’ obligations under
this Security Agreement (including monetary obligations incurred during the
pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether or allowed or allowable in such proceeding).
 
“Lien” means (i) any interest in property created by way of mortgage, pledge,
charge, lien, assignment by way of security, hypothecation, security interest,
conditional sale agreement, sale/lease back transaction, deposit arrangement,
title retention, capital lease, or discount, factoring, or securitization
arrangement on recourse terms, (ii) any statutory deemed trust or lien, (iii)
any preference, priority, adverse claim, levy, execution, seizure, attachment,
garnishment, or other encumbrance that binds property, (iv) any right of set-off
intended to secure the payment or performance of an obligation, and (v) any
agreement to grant any of the rights or interests described in any of the
preceding clauses.
 
 
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“Permitted Disposition” means: (a) sales, transfers, leases, and other
dispositions to third Parties of inventory in the ordinary course of business;
and (b) sales, transfers, leases, and other dispositions to any Affiliate of
Grantors provided that such Affiliate has (i) become a party to this Agreement
by executing and delivering a supplement in a form satisfactory to Secured Party
and (ii) executed and delivered in favor of Secured Party an unlimited guarantee
of performance by Grantors of the License Obligations; provided that all sales,
transfers, leases, and other dispositions permitted by this definition (other
than those permitted solely by clause (b)) shall be made for fair value.
 
“Permitted Liens” means statutory Liens in connection with claims for unpaid
wages, vacation pay, worker’s compensation, unemployment insurance, pension plan
contributions, employee withholding tax, unremitted sales taxes, goods and
services taxes, customs duties, or similar statutory obligations, duties or
taxes secured on any of the undertaking, and property of Grantors, but only if
the obligations secured by such Liens are paid when due;
 
“Person” includes any individual and any corporation, company, limited liability
company, general or limited partnership, governmental body, joint venture,
association, trust, or any other entity.
 
“Receiver” has the meaning given to that term in Section 4.01.
 
“Security Interests” means, collectively, the grants, mortgages, charges,
transfers, assignments, and security interests created under this Agreement
and/or the License Agreement.
 
“Third Party Agreements” means all leases (true or finance), Licenses, and other
agreements affecting any right, title, or interest in any of the Intellectual
Property.
 
SECTION 1.03.  Interpretation.  The headings used in this Agreement, and its
division into articles, sections, schedules, and other subdivisions, shall not
be deemed to affect its interpretation.  References in this Agreement to
“herein,” “hereof” and the like shall apply generally to this Agreement unless
the context otherwise requires.  Unless the context otherwise requires, words
importing the singular number include the plural and vice versa; words importing
gender include all genders.  In this Agreement, a period of days begins on the
first day after the event that began the period and ends at 5:00 p.m. Pacific
Time on the last day of the period.  If any period of time is to expire, or any
action or event is to occur, on a day that is not a Business Day, the period
expires, or the action or event is considered to occur, at 5:00 p.m. Pacific
Time on the next Business Day.  Where this Agreement uses the word “including,”
it means “including without limitation,” and where it uses the word “includes,”
it means “includes without limitation.”  The Parties have each participated in
drafting and negotiating the terms of this Agreement.  Any rule of legal
interpretation to the effect that any ambiguity is to be resolved against the
drafting Party will not apply in interpreting this Agreement.  Any reference in
this Agreement to Collateral will, unless the context otherwise requires, be
deemed a reference to “Collateral or any part thereof”.  Unless specified
otherwise, any reference in this Agreement to a statute includes the
regulations, rules, and policies made under that statute and any provision that
amends, supplements, supersedes, or replaces that statute or those regulations,
rules, or policies.
 
ARTICLE II
 
Security Interests
 
SECTION 2.01.  Security Interest.  (a)  As general and continuing security for
the due observance and performance by the Grantors of all License Obligations,
each Grantor hereby pledges, assigns and grants to Secured Party a first
priority continuing security interest, Lien, claim and encumbrance, with full
title guarantee, in all of the Collateral, with power of sale, whether now or
hereafter existing or arising or in which such Grantor now has or hereafter
owns, acquires or develops an interest and wherever located.
 
 
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(b)  On a continuing basis, Grantors shall each make, execute, acknowledge and
deliver, and file and record in the proper filing and recording places, all such
instruments and documents, and take all such action as may be necessary or
advisable or may be requested by Secured Party to carry out the intent and
purposes of this Agreement, or for assuring, confirming or protecting the grant
or perfection of the Security Interest granted or purported to be granted
hereby, to ensure each Grantor’s compliance with this Agreement and/or to enable
Secured Party to exercise and enforce its rights and remedies hereunder with
respect to the Collateral, including any documents for filing with the United
States Patent and Trademark Office (“USPTO”) and/or any applicable agency.
 
(c)  Without limitation of clause (b) above, Grantors each hereby irrevocably
authorizes Secured Party at any time and from time to time to file in any
relevant jurisdiction any initial financing statements with respect to the
Collateral or any part thereof and amendments thereto, and hereby ratifies its
authorization for Secured Party to file in any relevant jurisdiction any initial
financing statements or amendments thereto if filed prior to the date hereof, in
each case that (i) indicate the Collateral as all assets of Grantors or words of
similar effect as being of an equal or lesser scope or with greater detail, and
(ii) contain the information required by applicable law for the filing of any
financing statement or amendment.  Each Grantor agrees to provide such
information to Secured Party promptly upon request.  Secured Party is further
authorized to file with the USPTO or any successor office or any other office in
any other country such documents as may be necessary or advisable for the
purpose of perfecting, confirming, continuing, enforcing or protecting the
Security Interest granted by Grantors, without the signature of Grantors, and
naming Grantors as debtor and Secured Party as secured party, at Grantors’
expense.
 
(d)  The Security Interest granted pursuant to Article II hereunder is granted
as security only and shall not subject Secured Party to, or in any way alter or
modify, any obligation or liability of Grantors with respect to or arising out
of the Collateral.  Grantors grants the Security Interest in the Intellectual
Property only as security.  Before the Security Interest becomes enforceable
under this Agreement, Secured Party will not be or be deemed to be the owner of
any of the Intellectual Property.  Further, Secured Party will not be deemed to
have assumed, or be deemed to be liable for, any covenant, agreement, or other
obligation of Grantors under any agreement, right, License, or permit relating
to the Intellectual Property to which Grantors may be a party.
 
(e)  If Secured Party exercises its remedies with respect to the Collateral and
the Security Interest in the Collateral is not sufficient to satisfy all of the
License Obligations, each Grantor acknowledges and agrees that Grantors shall
continue to be liable for any License Obligations that remain outstanding and
Secured Party shall be entitled to pursue full payment and performance thereof.
 
(f)  Any assignment, transfer and conveyance of any Trademark to any Person
pursuant to the exercise of Secured Party’s rights hereunder shall be deemed to
have occurred with a contemporaneous assignment, transfer and conveyance of the
goodwill, business and/or means of production, associated with the goods
produced or sold or the services rendered in connection with such Trademark.
 
 
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SECTION 2.02.  Representations and Warranties.  Each Grantor represents and
warrants to Secured Party that:
 
(a)  Each Grantor is a corporation, validly existing, and in good standing under
the laws of the jurisdiction of its incorporation.  Each Grantor has the
corporate power and authority, and holds all Licenses, permits and other
authorizations necessary, to own, lease, and operate its properties, to perform
the License Obligations and create the Security Interest, to conduct its
business as now carried on by it, and to enter into, deliver, and perform its
obligations under this Agreement.  Each Grantor has duly authorized, executed,
and delivered this Agreement and the License Agreement, and this Agreement and
the License Agreement each constitute a binding obligation of Grantors,
enforceable against Grantors in accordance with their respective
terms.  Grantors have good and marketable title in and to all Collateral, and
none of the Collateral is subject to any Liens (other than pursuant to this
Agreement).
 
(b)  None of the signature and delivery of this Agreement, the payment,
observance, or performance of the License Obligations, or the granting of the
Security Interest by Grantors do or will:
 
(i) conflict with or result in a breach or violation of any of the terms of, or
constitute a default under: (w) any statute or other law that applies to it; (x)
any Grantors’ articles, by-laws, or other governing documents; (y) any agreement
to which it is a party or by which it is bound; or (z) any judgment or other
order that binds it or its assets;
 
(ii) result in the creation of, or require any Grantor to create, any Lien in
favor of any Person other than Secured Party under this Agreement; or
 
(iii) result in or permit the acceleration of the maturity of any indebtedness
or other obligation of any Grantor or its Affiliates.
 
(c)  No proceedings have been taken or authorized by any Grantor or its
Affiliates or, to its knowledge, by any other Person relating to the bankruptcy,
insolvency, liquidation, dissolution, or winding up of any Grantor.
 
(d)  Grantors have good and valid rights in and title to the Collateral and have
full power and authority to grant to Secured Party the Security Interest in such
Collateral pursuant hereto and to execute, deliver and perform their obligations
in accordance with the terms of this Agreement, without the consent or approval
of any other Person other than any consent or approval that has been obtained
prior to the date hereof.
 
(e)  The financing statements or other appropriate filings, recordings or
registrations prepared by Secured Party based upon the information provided to
Secured Party for filing in each governmental, municipal or other office
specified in Schedule I (or specified by notice from Grantors to Secured Party
after the date hereof in the case of filings, recordings or registrations
required hereunder), are all the filings, recordings and registrations (other
than filings required to be made in the USPTO in order to perfect the Security
Interest in the IP Collateral) that are necessary to publish notice of and
protect the validity of and to establish a legal, valid and perfected security
interest in favor of Secured Party in respect of all Collateral in which the
Security Interest may be perfected by filing, recording or registration in the
United States and its territories and possessions, and no further or subsequent
filing, refiling, recording, rerecording, registration or reregistration is
necessary in any such jurisdiction, except as provided under applicable law with
respect to the filing of continuation statements.
 
 
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(f)  The Security Interest constitutes (i) a legal and valid security interest
in all the Collateral securing the performance of the License Obligations,
(ii) subject to the filings described in paragraph (b) and (c) of this Section
2.01, a perfected security interest in all Collateral in which a security
interest may be perfected by filing, recording or registering a financing
statement or analogous document in the United States (or any political
subdivision thereof) and its territories and possessions pursuant to applicable
law, and (iii) a security interest that will be perfected in all Collateral in
which a security interest may be perfected upon the receipt and recording of
this Agreement with the USPTO.  The Security Interest is and will at all times
be prior and superior to any other Lien on any of the Collateral, other than
Permitted Liens (and subject to any permitted third party debt financing
permitted in accordance with Section 12 of the License Agreement).
 
(g)  Schedule II sets forth, as of the date hereof, a true and complete list of
all registered Intellectual Property and applications for registration of any
Intellectual Property, subdivided into the following categories: (i) owned by
Grantors (identifying with respect to each item of scheduled Intellectual
Property, the specific owner thereof); (ii) licensed for use to Grantors
(identifying with respect to each License, the specific licensee and licensor
thereto); and (iii) licensed for use by Grantors (identifying with respect to
each License, the specific licensee and licensor thereto).  Other than as
identified on Schedule II, there is no material item of Intellectual Property
used or held for use in the business or operations of Grantors or otherwise
related to the MBAND technology.
 
(h)  With respect to each Grantor, as to itself and its IP Collateral:
 
(i) The registered Intellectual Property and applications for registration of
Intellectual Property set forth on Schedule II includes all the registered
Patents, Trademarks, and Copyrights and applications for Patents, Trademarks,
and Copyrights owned or used by Grantors as of the date hereof.  Grantors are
the sole and direct owner of all Intellectual Property that constitutes IP
Collateral.  All Intellectual Property that is material to the Licensed Products
(as defined in the License Agreement) has been duly and timely registered and
all such registrations are valid and in full force and effect.
 
(ii) The IP Collateral is subsisting and has not been adjudged invalid or
unenforceable in whole or part and is valid and enforceable.  Grantors are not
aware of any uses of any item of IP Collateral that could lead to such item
becoming invalid or unenforceable.  Neither Grantors’ use (nor Secured Party’s
use as licensee under the License Agreement) does or shall infringe upon the
rights of any Person.
 
(iii) Each Grantor has made or performed all commercially reasonable acts,
including filings, recordings and payment of all required fees and taxes,
required to maintain and protect its interest in each material item of IP
Collateral in full force and effect in the United States and every other
applicable jurisdiction, and each Grantor has used proper statutory notice in
connection with its use of the Intellectual Property that constitutes the IP
Collateral.
 
 
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(iv) All Third Party Agreements are in effect and in good standing, and no
Grantor (and, to any Grantor’s knowledge, no other Person) is in violation or
default thereunder.
 
(v) Neither any Grantor nor the IP Collateral is subject to any outstanding
consent, settlement, decree, order, injunction, judgment or ruling restricting
the use of any IP Collateral or that would impair the validity or enforceability
of such IP Collateral.  No litigation is pending or threatened that contains
allegations respecting the validity, enforceability, infringement, or ownership
of any of the registered Patents and Patent applications (including any right,
title, or interest of any Grantor therein).
 
SECTION 2.03.  Covenants.  (a)   Grantors shall satisfy the License Obligations
when due.
 
(b)  Each Grantor agrees promptly to notify Secured Party in writing of any
change (i) in its corporate name, (ii) in the location of its chief executive
office or its principal place of business, any office in which it maintains
books or records relating to Collateral owned by it or any office or facility at
which Collateral is located, (iii) in its identity or type of organization or
corporate structure, (iv) in its FEIN or similar identification number, or
(v) in its jurisdiction of organization or the location of its registered
office.  Each Grantor agrees promptly to provide Secured Party with certified
organizational documents reflecting any of the relevant changes described in the
first sentence of this paragraph, and each Grantor agrees not to effect or
permit any change referred to in the preceding sentence unless all filings have
been made under applicable law or otherwise that are required in order for
Secured Party to continue at all times following such change to have a valid,
legal and perfected security interest, having the priority required by this
Agreement, in all the Collateral.  Each Grantor agrees promptly to notify
Secured Party if any material Collateral is damaged, destroyed, or subject to
condemnation.
 
(c)  Grantors shall give notice to Secured Party immediately of (i) any material
uninsured loss of or damage to any Collateral or of any suit, action, or
proceeding before any governmental authority or arbitrator that could materially
adversely affect any Collateral or the Security Interest, (ii) any material
Intellectual Property in which any Grantor or its Affiliates acquires rights
after the date hereof, (iii) any material adverse change in the composition of
the IP Collateral; and (iv) any event occurring that, with or without notice or
lapse of time, could constitute a Default. Without limiting Grantors’
obligations hereunder, Grantors hereby authorizes Secured Party to modify this
Agreement by amending the applicable schedules to include any new Intellectual
Property referenced in clause (ii) of this Section 2.03(c).  Notwithstanding the
foregoing, no failure to so modify this Agreement or amend such schedules shall
in any way affect, invalidate or detract from Secured Party’s continuing
security interest in all Collateral, whether or not listed on the applicable
schedules.
 
(d)  Each Grantor shall, at Grantors’ expense, take any and all actions
necessary to defend title to the Collateral against all Persons, keep the
Collateral free of all Liens, except for Permitted Liens, and to defend the
Security Interest of Secured Party in the Collateral and the priority thereof
against any Lien that is not a Permitted Lien.  Without limitation of the
foregoing, Grantors shall (i) protect, defend and maintain the validity and
enforceability of the IP Collateral, (ii) use their best efforts to detect and
prosecute infringements of the IP Collateral and promptly advise Secured Party
in writing of material infringements detected and (iii) not allow any IP
Collateral to be abandoned, forfeited or dedicated to the public.
 
 
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(e)  Grantors shall not make or permit to be made any transfer of the
Collateral, and Grantors shall remain at all times in possession of the
Collateral owned by any Grantor, and Grantors shall not sell, convey, license,
lease, assign, transfer or otherwise dispose of any Collateral; however,
notwithstanding the foregoing, Grantors may make Permitted Dispositions.
 
(f)  Grantors, at Grantors’ expense, shall maintain or cause to be maintained
public liability insurance, all-risks property insurance for the Collateral on a
replacement cost basis, and insurance for any other risks related to the
Collateral, as Secured Party may reasonably require.
 
(g)  No Grantor shall enter into any agreement that could materially impair or
conflict with Grantors’ obligations under this Agreement or the License
Agreement.  Grantors shall not permit the inclusion in any material contract to
which any Grantor becomes a party of any provisions that could or might in any
way prevent the creation of a security interest in Grantors’ rights and interest
in any property included within the definition of the Collateral acquired under
such contracts.
 
SECTION 2.04.  Other Actions.  In order to further insure the attachment,
perfection and priority of, and the ability of Secured Party to enforce, the
Security Interest, each Grantor agrees, in each case at Grantors’ expense, to
execute any and all further documents, financing statements, agreements and
instruments, and take all such further actions (including the filing and
recording of financing statements, fixture filings, mortgages, deeds of trust
and other documents), that may be required under any applicable law, or that
Secured Party may reasonably request.  Each Grantor also agrees to provide to
Secured Party, from time to time upon request, evidence reasonably satisfactory
to Secured Party as to the perfection and priority of the Liens created or
intended to be created by the Security Documents.  If any material assets are
acquired by any Grantor after the date hereof (other than assets constituting
Collateral under this Agreement that become subject to the Lien granted to
Secured Party upon the  Grantor’s acquisition thereof), Grantors will notify
Secured Party thereof, and, if requested by Secured Party, Grantors shall cause
such assets to be subjected to a Lien securing the License Obligations and will
take such actions as are necessary or reasonably requested by Secured Party to
grant and perfect such Lien, including actions described in the first sentence
of this paragraph, all at the expense of Grantors.
 
SECTION 2.05.  New Affiliates.  If any Grantor acquires, purchases or otherwise
becomes a beneficial owner, directly or indirectly, of another business,
corporation or company, Grantors shall cause such business, corporation or
company to forthwith provide a form of guarantee to Secured Party of the License
Obligations, and such Affiliate shall become a party to this Agreement by
executing and delivery a supplement in a form satisfactory to Secured Party.
 
SECTION 2.06.  Covenants Regarding IP Collateral.  (a)   Each Grantor agrees
that it will exercise commercially reasonable efforts to prevent any IP
Collateral from becoming invalidated or dedicated to the public (except as a
result of expiration of the applicable statutory term, if any).
 
(b)  Grantors shall notify Secured Party promptly if any Grantor knows or learns
that any IP Collateral may become abandoned, lost or dedicated to the public, or
of any materially adverse determination or development (including the
institution of, or any such determination or development in, any proceeding in
the USPTO) regarding Grantors’ ownership of such IP Collateral, its right to
register the same, or its right to keep and maintain the same.
 
 
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(c)  Grantors shall take all necessary steps (i) in any proceeding before the
USPTO or in any other country or any political subdivision thereof, to maintain
and pursue each material application relating to the IP Collateral (and to
obtain the relevant grant or registration) and (ii) to maintain each material
issued IP Collateral, including timely filings of applications for renewal,
affidavits of use, affidavits of incontestability and payment of maintenance
fees, and, if consistent with good business judgment, to initiate opposition,
interference and cancelation proceedings against third parties.
 
SECTION 2.07.  General Indemnity.  Grantors shall jointly and severally
indemnify, defend and hold harmless Secured Party, any Receiver, and their
respective representatives and agents (each, an “Indemnified Party”) in
connection with all claims, losses, and expenses that an Indemnified Party may
suffer or incur in connection with (i) the exercise by Secured Party or any
Receiver of any of its rights under this Agreement, (ii) any breach by any
Grantor of the representations, warranties, agreements or covenants of Grantors
contained in this Agreement, or (iii) any breach by any Grantor of, or any
failure by any Grantor to observe or perform, any of the License Obligations,
except that Grantors will not be obliged to indemnify any Indemnified Party to
the extent those claims, losses, and expenses are determined by a final judgment
to have directly resulted from the willful misconduct or gross negligence of the
Indemnified Party.  Secured Party will be constituted as the trustee of each
Indemnified Party, other than itself, and shall hold and enforce each of the
rights of the other Indemnified Parties under this Section 2.07 for their
respective benefits.
 
ARTICLE III

 
Default
 
SECTION 3.01.  Default.  Upon the occurrence of any Default, Secured Party may
exercise any and all remedies available to it, whether under this Agreement, the
Delaware Uniform Commercial Code or other applicable law.
 
SECTION 3.02.  Waiver.  Secured Party may waive any Default or any breach of the
provisions of this Agreement.  However, no waiver will be deemed to extend to a
subsequent breach or Default, whether or not the same as or similar to the
breach or Default waived, and no act or omission by Secured Party will extend
to, or be taken in any manner whatsoever to affect, any subsequent breach or
Default or the rights of Secured Party arising therefrom.  In order to be
effective, any waiver must be in writing and signed by Secured Party.  No
failure on the part of Secured Party to exercise, or delay by Secured Party in
exercising, any right under this Agreement will operate as a waiver of such
right.  No single or partial exercise of any such right will preclude any other
or further exercise of such right or the exercise of any other right.
 
 
10

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ARTICLE IV
 
Remedies
 
SECTION 4.01.  Remedies Upon Default.  Upon the occurrence and during the
continuance of a Default, each Grantor agrees to deliver or cause to be
delivered each item of Collateral to Secured Party on demand, and it is agreed
that Secured Party shall have the right to take any of or all the following
actions at the same or different times: (a) with respect to any IP Collateral,
on demand, to cause the Security Interest to become an assignment, transfer and
conveyance of any of or all such Collateral by the applicable Grantor to Secured
Party or to license or sublicense, whether general, special or otherwise, and
whether on an exclusive or a nonexclusive basis, any such Collateral throughout
the world on such terms and conditions and in such manner as Secured Party
determines and (b) with or without legal process and with or without prior
notice or demand for performance, to take possession of the Collateral and
without liability for trespass to Grantors to enter any premises where the
Collateral may be located for the purpose of taking possession of or removing
the Collateral and, generally, to exercise any and all rights afforded to a
secured party under applicable law or in equity.  Without limiting the
generality of the foregoing, each Grantor agrees that, upon the occurrence and
during the continuance of a Default, Secured Party will have the right, subject
to any mandatory requirements of applicable law, to sell or otherwise dispose of
all or any part of the Collateral at a public or private sale or at any broker’s
board or on any securities exchange, for cash, upon credit or for future
delivery as Secured Party may deem appropriate.  Upon consummation of any such
sale of Collateral pursuant to this Section 4.01 Secured Party will have the
right to assign, transfer and deliver to the purchaser or purchasers thereof the
Collateral so sold.  Each such purchaser at any such sale shall hold the
property sold absolutely, free from any Lien, claim or right on the part of
Grantors, and each Grantor hereby waives and releases (to the extent permitted
by applicable law) all rights of redemption, stay, valuation and appraisal that
any Grantor now has or may at any time in the future have under any rule of law
or statute now existing or hereafter enacted.  To the extent any notice is
required by applicable law, Secured Party shall give Grantors ten (10) days
written notice (which Grantors agree is reasonable notice) of Secured Party’s
intention to make any sale of Collateral.  Such notice, in the case of a public
sale, shall state the time and place for such sale. Any such public sale will be
held at such time or times within ordinary business hours and at such place or
places as Secured Party may fix and state in the notice (if any) of such
sale.  At any such sale, the Collateral, or the portion thereof, to be sold may
be sold in one lot as an entirety or in separate parcels, as Secured Party may
(in its sole and absolute discretion) determine.  Secured Party will not be
obligated to make any sale of any Collateral if it shall determine not to do so,
regardless of the fact that notice of sale of such Collateral has been
given.  Secured Party may, without notice or publication, adjourn any public or
private sale or cause the same to be adjourned from time to time by announcement
at the time and place fixed for sale, and such sale may, without further notice,
be made at the time and place to which the same was so adjourned.  In the case
of any sale of all or any part of the Collateral made on credit or for future
delivery, the Collateral so sold may be retained by Secured Party until the sale
price is paid by the purchaser or purchasers thereof, but Secured Party will not
incur any liability in the event that any such purchaser or purchasers fail to
take up and pay for the Collateral so sold and, in the case of any such failure,
such Collateral may be sold again upon notice given in accordance with
provisions above.  At any public (or, to the extent permitted by law, private)
sale made pursuant to this Section 4.01, Secured Party may bid for or purchase
for cash, free (to the extent permitted by law) from any right of redemption,
stay, valuation or appraisal on the part of Grantors (all such rights being also
hereby waived and released to the extent permitted by law), the Collateral or
any part thereof offered for sale and Secured Party may, upon compliance with
the terms of sale, hold, retain and dispose of such property in accordance with
Section 4.02 hereof without further accountability to Grantors therefor.  For
purposes hereof, a written agreement to purchase the Collateral or any portion
thereof shall be treated as a sale thereof; Secured Party will be free to carry
out such sale pursuant to such agreement, and Grantors will not be entitled to
the return of the Collateral or any portion thereof subject thereto, even if
after Secured Party has entered into such an agreement all Defaults have been
remedied and the License Obligations have been performed in full.  As an
alternative to exercising the power of sale herein conferred upon it, Secured
Party may proceed by a suit or suits at law or in equity to foreclose this
Agreement and to sell the Collateral or any portion thereof pursuant to a
judgment or decree of a court or courts having competent jurisdiction or
pursuant to a proceeding by a court-appointed receiver.  Any sale pursuant to
the provisions of this Section 4.01 shall be deemed to conform to the
commercially reasonable standards, as may be required by applicable
law.  Secured Party may appoint, remove or reappoint by instrument in writing,
any person or persons, whether an officer or officers or an employee or
employees of any Grantor or not, to be an interim receiver, receiver or
receivers (hereinafter called a “Receiver”, which term when used herein shall
include a receiver and manager) of such Collateral (including any interest,
income or profits therefrom).  Any such Receiver shall, to the extent permitted
by applicable law, be deemed the agent of Grantors and not of Secured Party, and
Secured Party will not be in any way responsible for any misconduct, negligence
or non-feasance on the part of any such Receiver or its servants, agents or
employees.  Subject to the provisions of the instrument appointing it, any such
Receiver will (i) have such powers as have been granted to Secured Party under
this Article IV and (ii) will be entitled to exercise such powers at any time
that such powers would otherwise be exercisable by Secured Party under this
Article IV, which powers will include the power to take possession of the
Collateral, to preserve the Collateral or its value, to carry on or concur in
carrying on all or any part of the business of any Grantor, and to sell, lease,
license or otherwise dispose of or concur in selling, leasing, licensing or
otherwise disposing of the Collateral.  To facilitate the foregoing powers, any
such Receiver may, to the exclusion of all others, including Grantors, enter
upon, use and occupy all premises owned or occupied by any Grantor wherein the
Collateral may be situated, maintain the Collateral upon such premises, borrow
money on a secured or unsecured basis, and use the Collateral directly in
carrying on Grantors’ business or as security for loans or advances to enable
the Receiver to carry on Grantors’ business or otherwise, as such Receiver
shall, in its reasonable discretion, determine.  Except as may be otherwise
directed by Secured Party, all money received from time to time by such Receiver
in carrying out its appointment will be received in trust for and be paid over
to Secured Party and any surplus will be applied in accordance with applicable
law.  Every such Receiver may, in the discretion of Secured Party, be vested
with, in addition to the rights set out herein, all or any of the rights and
powers of Secured Party under applicable law.
 
 
11

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SECTION 4.02.  Application of Proceeds.  Secured Party shall apply the proceeds
of any collection or sale of Collateral, including any Collateral consisting of
cash, as follows:
 
FIRST, to the payment of all costs and expenses incurred by Secured Party in
connection with such collection or sale or otherwise in connection with any of
the License Obligations, including all court costs and the fees and expenses of
its agents and legal counsel, the repayment of all advances made by Secured
Party hereunder or under the License Agreement on behalf of Grantors and any
other costs or expenses incurred in connection with the exercise of any right or
remedy hereunder or under the License Agreement;
 
SECOND, to the payment in full of the License Obligations; and
 
THIRD, to Grantors, their successors or assigns, or as a court of competent
jurisdiction may otherwise direct.
 
Secured Party will have absolute discretion as to the time of application of any
such proceeds, moneys or balances in accordance with this Agreement.  Upon any
sale of Collateral by Secured Party (including pursuant to a power of sale
granted by statute or under a judicial proceeding), the receipt of Secured Party
or of the officer making the sale shall be a sufficient discharge to the
purchaser or purchasers of the Collateral so sold and such purchaser or
purchasers shall not be obligated to see to the application of any part of the
purchase money paid over to Secured Party or such officer or be answerable in
any way for the misapplication thereof.
 
 
12

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ARTICLE V
 
Miscellaneous
 
SECTION 5.01.  Successors and Assigns.  This Agreement shall be binding upon all
successors and assigns of Grantors.  If any Grantor undergoes any merger,
reorganization, or other fundamental transaction, this Agreement will continue
in full force and effect and will be binding upon the successor entity and, for
greater certainty: (a) the Security Interest will continue to secure all the
License Obligations; (b) the Security Interest will (i) continue to attach to
all property of Grantors; (ii) attach to all property of each successor; and
(iii) attach to all property of the successor, including the Collateral; (b) all
defined terms and other provisions of this Agreement will be deemed to have been
amended to reflect such fundamental transaction, to the extent required by the
context; and (c) the Parties agree to execute and deliver all further documents
and assurances as may be necessary or desirable in connection with the
foregoing.
 
SECTION 5.02.  Power of Attorney.  (a) Each Grantor hereby irrevocably
constitutes and appoints Secured Party and any officer or any agent thereof,
with full power of substitution, as its true and lawful attorney-in-fact with
full irrevocable power and authority in the place and stead of such Grantor and
in the name of such Grantor or in its own name, for the purpose of carrying out
the terms of this Agreement, to take any and all appropriate action and to
execute any and all documents and instruments which may be necessary or
desirable to accomplish the purposes of this Agreement, and, without limiting
the generality of the foregoing, Each Grantor hereby gives Secured Party the
power and right, on behalf of such Grantor, without notice to or assent by such
Grantor, to do any or all of the following: (i) in the name of such Grantor or
its own name, or otherwise, take possession of and endorse and collect any
checks, drafts, notes, acceptances or other instruments for the payment of
moneys due under any receivable or with respect to any other Collateral and file
any claim or take any other action or proceeding in any court of law or equity
or otherwise deemed appropriate by Secured Party for the purpose of collecting
any and all such moneys due under any receivable or with respect to any other
Collateral whenever payable; (ii) in the case of any Intellectual Property,
execute and deliver, and have recorded, any and all agreements, instruments,
documents and papers as Secured Party may request to evidence the Secured
Party’s security interest in such Intellectual Property and the goodwill and
general intangibles of Grantors or its Affiliates relating thereto or
represented thereby; (iii) pay or discharge taxes and Liens (other than
Permitted Liens) levied or placed on or threatened against the Collateral,
effect any repairs or any insurance called for by the terms of the License
Agreement and pay all or any part of the premiums therefor and the costs
thereof; (iv) execute, in connection with any sale provided for this Agreement,
any endorsements, assignments or other instruments of conveyance or transfer
with respect to the Collateral; (v) (A) direct any party liable for any payment
under any of the Collateral to make payment of any and all moneys due or to
become due thereunder directly to Secured Party or as Secured Party shall
direct; (B) ask or demand for, collect, and receive payment of and receipt for,
any and all moneys, claims and other amounts due or to become due at any time in
respect of or arising out of any Collateral; (C) sign and endorse any invoices,
freight or express bills, bills of lading, storage or warehouse receipts, drafts
against debtors, assignments, verifications, notices and other documents in
connection with any of the Collateral; (D) commence and prosecute any suits,
actions or proceedings at law or in equity in any court of competent
jurisdiction to collect the Collateral or any portion thereof and to enforce any
other right in respect of any Collateral; (E) defend any suit, action or
proceeding brought against any Grantor with respect to any Collateral; (F)
settle, compromise or adjust any such suit, action or proceeding and, in
connection therewith, give such discharges or releases as Secured Party may deem
appropriate; (G) assign any Copyright, Patent or Trademark (along with the
goodwill of the business to which any such Copyright, Patent or Trademark
pertains), throughout the world for such term or terms, on such conditions, and
in such manner, as Secured Party shall in its sole discretion determine; and (H)
generally, sell, transfer, pledge and make any agreement with respect to or
otherwise deal with any of the Collateral as fully and completely as though
Secured Party were the absolute owner thereof for all purposes, and do, at
Secured Party’s option and Grantors’ expense, at any time, or from time to time,
all acts and things which Secured Party deems necessary to protect, preserve or
realize upon the Collateral and Secured Parties’ security interests therein and
to effect the intent of this Agreement, all as fully and effectively as any
Grantor might do; and (vi) license or sublicense whether on an exclusive or
non-exclusive basis, any Intellectual Property for such term and on such
conditions and in such manner as Secured Party shall in its sole judgment
determine and, in connection therewith, each Grantor hereby grants to Secured
Party for the benefit of Secured Party a royalty-free, world-wide irrevocable
license of its Intellectual Property (but without limitation of the
consideration payable in accordance with Section of the License Agreement).
Anything in this Section to the contrary notwithstanding, Secured Party agrees
that, except as provided in Section 5.02(b), it will not exercise any rights
under the power of attorney provided for in this Section 5.02(a) unless a
Default shall have occurred.
 
 
13

--------------------------------------------------------------------------------

 
 
(b)  If any Grantor fails to perform or comply with any of its agreements
contained herein, Secured Party, at its option, but without any obligation so to
do, may perform or comply, or otherwise cause performance or compliance, with
such agreement; provided, however, that unless a Default has occurred and is
continuing or time is of the essence, Secured Party shall not exercise this
power without first making demand on Grantors and the Grantors failing to
promptly comply therewith.
 
(c)  The expenses of Secured Party incurred in connection with actions
undertaken as provided in this Section 5.02, shall be payable by Grantors to
Secured Party on demand.
 
(d)  Each Grantor hereby ratifies all that said attorneys shall lawfully do or
cause to be done by virtue hereof. All powers, authorizations and agencies
contained in this Agreement are coupled with an interest and are irrevocable
until this Agreement is terminated and the security interests created hereby are
released.
 
SECTION 5.03.  Waiver.  To the fullest extent permitted by applicable law, each
Grantor waives all of the rights, benefits, conditions, warranties, and
protections given by the provisions of any existing or future statute that
imposes limitations upon the rights of a secured party or upon the methods of
realization of Security Interests, including and seize or sue or anti-deficiency
statute or any similar provisions of any other statute.
 
SECTION 5.04.  Security in Addition.  This Agreement and the Security Interests
are in addition to and not in substitution for any other security now or later
held by Secured Party in connection with Grantors, the License Obligations,
and/or the Collateral.  The Security Interests do not replace or otherwise
affect any existing or future Lien held by Secured Party.  No taking of any
suit, action, or proceeding, judicial or extra-judicial, no refraining from
doing so, and no dealing with any other security for any License Obligation will
(i) release or affect the Security Interests or (ii) release or affect any of
the other Liens held by Secured Party for the payment or performance of the
License Obligations.
 
 
14

--------------------------------------------------------------------------------

 
 
SECTION 5.05.  Information.  Secured Party may at any time provide to any Person
that claims an interest in Collateral copies of this Agreement or information
about it, the Collateral, or the License Obligations.
 
SECTION 5.06.  Release.  Once Grantors satisfy the License Obligations in full,
Secured Party shall, within a reasonable time after it receives a written
request from Grantors, release the Security Interests and execute and deliver
any releases and discharges that Grantors may reasonably require.  Grantors
shall pay all expenses incurred by Secured Party in doing so.
 
SECTION 5.07.  Non-Merger.  This Agreement will not operate by way of a merger
of the License Obligations or of any guarantee or agreement or other document or
instrument by which the License Obligations now or at any time subsequently may
be represented or evidenced.  Neither the taking of any judgment nor the
exercise of any power of seizure or disposition shall extinguish the liability
of Grantors to perform the License Obligations nor shall the acceptance of any
payment or alternate security constitute or create any novation.  No covenant,
representation or warranty of Grantors in this Agreement shall merge in any
judgment.
 
SECTION 5.08.  Survival.  All covenants, agreements, representations and
warranties made by Grantors herein and/or in the License Agreement will be
considered to have been relied upon by Secured Party and will survive the
execution and delivery of this Agreement, regardless of any investigation made
by or on behalf of Secured Party or any other Person and whether or not Secured
Party or any other Person had notice or knowledge of any Default or incorrect
representation or warranty when this Agreement was executed and/or delivered,
and will continue in full force and effect as long as any License Obligation
remains outstanding.
 
SECTION 5.09.  Entire Agreement.  This Agreement, together with the License
Agreement, constitutes the entire agreement between the Parties relating to the
subject matter hereof.  This Agreement, together with the License Agreement,
supersedes any previous agreements and discussions between the Parties regarding
the subject matter hereof.  There are no representations, covenants, or other
terms other than those set forth in this Agreement and the License
Agreement.  In the event of any inconsistency between this Agreement and the
License Agreement regarding the Security Interest or the Collateral, this
Agreement will prevail and, in all other respects, the License Agreement will
prevail.
 
SECTION 5.10.  Amendment.  This Agreement may only be amended by a written
document signed by each of the Parties.
 
SECTION 5.11.  Notice.  To be effective, any notice, request, direction, or
other document that a Party may or must make or give under this Agreement shall
be in writing and delivered in writing and shall be mailed to the Party who whom
notice is to be given by facsimile, and confirmed by first class mail, postage
prepaid, and properly addressed below (in which case notice shall be deemed to
have been duly given on the day the notice is first received by the Party), or
to any other address for a Party as that Party may from time to time designate
to the other Parties in the same manner:
 
in the case of Secured Party, to:
 
 
15

--------------------------------------------------------------------------------

 
 

 

 

 
in the case of Grantors, to:
 

 

 

 
SECTION 5.12.  Misc.  Nothing contained in this Agreement shall be deemed to
create a partnership, joint venture, principal-and-agent relationship, or any
similar relationship between the Parties. The invalidity or unenforceability of
any particular provision of this Agreement will not affect or limit the validity
or enforceability of the remaining provisions.  This Agreement inures to the
benefit of and binds the Parties’ respective successors and permitted
assigns.  Secured Party may assign this Agreement and the License Obligations in
whole or in part to any Person without notice to or the consent of any
Grantor.  Without the prior written consent of Secured Party, no Grantor may
assign this Agreement.  The laws of the State of Delaware, excluding any rule or
principle of conflicts of law that may provide otherwise, shall govern this
Agreement.
 
[Signature Pages Follow]
 
 
16

--------------------------------------------------------------------------------

 
 
IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of
the day and year first above written.
 

 
[PositiveID Corporation]
 
by
   
/s/ William J Caragol
   
Name:   William J Caragol
   
Title:     CEO

 
[MicroFluidic Systems  ]
 
By
   
 /s/ William J Caragol
   
Name:  William J Caragol
   
Title:    President

 
[The Boeing Company   ]
 
by
   
/s/ Robert Mason
   
Name:  Robert Mason
   
Title:    Procurement Agent

 
17

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Schedule I to
Security Agreement

FILINGS/LOCATIONS
 
 
 

--------------------------------------------------------------------------------

 
 
Schedule II to the
Security Agreement
 
INTELLECTUAL PROPERTY
 
Patents Owned by Microfluidic Systems
 

 
US Patent Registrations
 
Patent Numbers
Issue Date
US 7,491,527 B2
Microfluidic Differential Extraction Cartridge
Feb. 17, 2009
US 7,541,166 B2
Sonication to Selectively Lyse Different Cell Types
Jun. 2, 2009
US 7,553,647 B2
Microfluidic Differential Extraction Cartridge
Jun. 30, 2009
US 7,618,588 B2
Disposable Integrated Heater and Tube Assembly For Thermally‐Driven Chemical
Reactions
Nov. 17, 2009
US 7,633,606 B2
Integrated Airborne Substance Collection and Detection System
Dec. 15, 2009
US 7,699,915 B2
Liquid Impingement Unit
Apr. 20, 2010
US 7,705,739 B2
Integrated Airborne Substance Collection and Detection System
Apr. 27, 2010
US 7,785,869 B2
Sonication to Selectively Lyse Different Cell Types
Aug. 31, 2010
 
US 7,815,718 B2
Automated Particle Collection Off of Fan Blades into a Liquid Buffer
Oct. 19, 2010
US 7,858,366 B2
Integrated Airborne Substance Collection and Detection System
Dec. 28, 1010
US 8,053,214 B2
Apparatus and Method of Extracting and Optically Analyzing an Analyte from a
Fluid‐Based Sample
Nov. 8, 2011

 
 
 

--------------------------------------------------------------------------------

 
 
US Patent Applications
 
Patent Application No.
Filing Date
MFSI‐2100 12/462,174
Thermal Cycler for Even Heating of One or More Samples
Jul. 29, 2009
MFSI‐2200 12/603,428
Integrated Sample Preparation and Amplification for Nucleic Acid Detection from
Biological Samples
Oct. 21, 2009
 
MFSI‐2300 12/621,332
A Sample Preparation Technique to Eliminate Inhibition of PCR by Humic Acid
Nov. 18, 2009
MFSI‐2400 12/621,367
Increase of Signal Sensitivity Using Dual Probes in PCR Reactions
Nov. 18, 2009
MFSI‐2501 13/047,632
Method and Apparatus for Optically Interrogating and Analyzing a Fluid Sample
Mar. 14, 2011
MFSI‐2600 12/715,261
A Flow‐Through Bead Purification and Concentration Device
Mar. 1, 2010

Non-US Patent Registrations
 

 

 
Country
Issue Date
Patent No.
     
N/A
                     

Non-US Patent Registrations
 

 

 
Country
Filing Date
Patent Application No.
           
N/A
                     

 
 
2

--------------------------------------------------------------------------------

 
 
Trademark/Trade Names Owned by PositiveID/MFS
 
US Trademark Registrations
 
Mark
Reg. Date
Reg. No.
N/A
                           

US Trademark Applications
 
Mark
Filing Date
Application No.
N/A
                           

Non-US Trademark Registrations

 
Country
Mark
Reg. Date
Reg. No.
       
N/A
                                   

Non-US Trademark Applications
 
 
Country
Mark
Application Date
Application No.
               
N/A
                           

 
 
3

--------------------------------------------------------------------------------

 

Trade Names
 
Country(s) Where Used
Trade Names
                   

 
Copyrights Owned by [NAME]
 

 
US Copyright Registrations
 
Title
Reg. No.
Author
     
N/A
                           

US Pending Copyright Applications for Registration
 
Title
Author
Class
Date Filed
               
N/A
                           

Non-US Copyright Registrations
 
Country
Title
Reg. No.
Author
               
N/A
                           

Non-US Pending Copyright Applications for Registration
 
Country
Title
Author
Class
Date Filed
         
N/A
   
N/A
             

 
 
4

--------------------------------------------------------------------------------

 

Licenses
 
I.  Licenses/Sublicensees of [Name] as Licensor on Date Hereof
 
A.  Copyrights
 
N/A
   

 
US Copyrights
 
Licensee Name
and Address
Date of License/
Sublicense
Title of
U.S.
Copyright
Author
Reg. No.
                                                 

Non-US Copyrights
 
Country
Licensee Name
and Address
Date of
License/
Sublicensee
Title of
Non-U.S.
Copyrights
Author
Reg. No.
                                                           

B.  Patents
 
N/A
   

US Patents
 
Licensee Name
and Address
Date of License/
Sublicense
Issue Date
Patent No.
                                       

 
 
5

--------------------------------------------------------------------------------

 

US Patent Applications
 
Licensee Name
and address
Date of License/
Sublicense
Date Filed
Application No.
                                       

Non-US Patents
 
Country
Licensee Name
and Address
Date of License/
Sublicense
Issue
Date
Non-U.S.
Patent No.
                                                 

Non-US Patent Applications
 
Country
Licensee Name
and Address
Date of License/
Sublicense
Date
Filed
Application
No.
                                                 

C.  Trademarks
 
N/A
 
US Trademarks
 
Licensee Name
and Address
Date of License/
Sublicense
U.S. Mark
Reg. Date
Reg. No.
                                                 

 
 
6

--------------------------------------------------------------------------------

 

US Trademark Applications
 

Licensee Name
and Address
Date of License/
Sublicense
U.S. Mark
Date Filed
Application
No.
         
N/A
 
                           

Non-US Trademarks
 
Country
Licensee Name
and Address
Date of License/
Sublicense
Non-U.S.
Mark
Reg. Date
Reg. No.
                       
N/A
 
                                 

Non-US Trademark Applications
 
Country
Licensee Name
and Address
Date of License/
Sublicense
Non-U.S.
Mark
Date
Filed
Application
No.
           
N/A
 
                                             

D.  Others
 
Licensee Name
and Address
Date of License/
Sublicense
Subject
Matter
           
N/A
 
               

 
7

--------------------------------------------------------------------------------

 
 
 
II.  Licensees/Sublicenses of Microfluidic Systems as Licensee on Date Hereof

 
A.  Copyrights
 
N/A
 
US Copyrights
 
Licensor Name and
Address
Date of License/
Sublicense
Title of
U.S. Copyright
Author
Reg. No.
                                                 

Non-US Copyrights
 
Country
Licensor Name
and Address
Date of
License/
Sublicensee
Title of
Non-U.S.
Copyrights
Author
Reg. No.
                                                           

B.  Patents
 

 
US Patents
 
Licensor Name
and Address
Date of
License/
Sublicense
Issue Date
Patent No.
Lawrence Livermore National Laboratory
June 2002
Aug 8, 2000
6100084
                               

US Patent Applications
 
Licensor Name
and Address
Date of License/
Sublicense
Date Filed
Application No.
               
N/A
 
                     

 
 
8

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Non-US Patents
 
Country
Licensor Name
and Address
Date of License/
Sublicense
Issue
Date
Non-U.S.
Patent No.
                             
N/A
 
                 

Non-US Patent Applications
 
Country
Licensor Name
and Address
Date of License/
Sublicense
Date
Filed
Application
No.
         
N/A
 
                                     

C.  Trademarks
 

 
US Trademarks
 
Licensor Name
and Address
Date of License/
Sublicense
U.S. Mark
Reg. Date
Reg. No.
                                                 

US Trademark Applications
 
Licensor Name
and Address
Date of License/
Sublicense
U.S. Mark
Date
Filed
Application
No.
         
N/A
                                     

 
9

--------------------------------------------------------------------------------

 
 
Non-US Trademarks
 
Country
Licensor Name
and Address
Date of License/
Sublicense
Non-U.S.
Mark
Reg. Date
Reg. No.
                       
N/A
 
                                 

Non-US Trademark Applications
 
Country
Licensor Name
and Address
Date of License/
Sublicense
Non-U.S.
Mark
Date
Filed
Application
No.
                       
N/A
 
                                 

D.  Others
 
Licensor Name and Address
Date of License/
Sublicense
Subject Matter
           
N/A
 
               

 
10