Document:

Security Agreement(All Assets)by Amerigon Inc. in favor of Comerica Bank.

 EXHIBIT 10.3.1 
  
 SECURITY AGREEMENT (ALL ASSETS) BY AMERIGON INCORPORATED 
 IN FAVOR OF COMERICA BANK DATED AS OF MAY 20, 2005 
  
 Security Agreement (“Agreement”) 
 (All Assets) 
  
 As of May 20, 2005, for value received, the undersigned, Amerigon Incorporated, a
Michigan corporation, successor by reason of merger with Amerigon Incorporated, a California corporation (“Debtor or “Borrower”), grants to Comerica Bank, a Michigan banking corporation (“Bank”), whose address is 39200 Six
Mile Road, Livonia, Michigan 48152, Attention: Commercial Loan Documentation, Mail Code 7578, a continuing security interest and lien (any pledge, assignment, security interest or other lien arising hereunder is sometimes referred to herein as a
‘security interest”) in the Borrower Collateral (as defined below) to secure payment when due, whether by stated maturity, demand, acceleration or otherwise, of all existing and future indebtedness (“Indebtedness”) to the Bank of
Borrower. Indebtedness includes without limit any and all obligations or liabilities of the Borrower to the Bank, whether absolute or contingent, direct or indirect, voluntary or involuntary, liquidated or unliquidated, joint or several, known or
unknown; any and all obligations or liabilities for which the Borrower would otherwise be liable to the Bank were it not for the invalidity or unenforceability of them by reason of any bankruptcy, insolvency or other law, or for any other reason to
the extent permitted by applicable law; any and all amendments, modifications, renewals and/or extensions of any of the above; all costs incurred by Bank in establishing, determining, continuing, or defending the validity or priority of its security
interest, or in pursuing its rights and remedies under this Agreement or under any other agreement between Bank and Borrower or in connection with any proceeding involving Bank as a result of any financial accommodation to Borrower, and all other
costs of collecting Indebtedness, including without limit attorney fees. Debtor agrees to pay Bank all such costs incurred by the Bank, immediately upon demand, and until paid all costs shall bear interest at the highest per annum rate applicable O
any of the Indebtedness, but not in excess of the maximum rate permitted by law. Any reference in this Agreement to attorney fees shall be deemed a reference to reasonable fees, costs, and expenses of both in-house and outside counsel and
paralegals, whether or not a suit or action is instituted, and to court costs if a suit or action is instituted, and whether attorney fees or court costs are incurred at the trial court level, on appeal, in a bankruptcy, administrative or probate
proceeding or otherwise. References herein to the Credit Agreement are to the Credit Agreement dated as of ‘November 14, 2002 between Debtor (as successor to Amerigon Incorporated, a California corporation) and Bank, as amended, modified or
supplemented from time to time. Debtor further covenants, agrees and represents as follows: 
  

	1.	Borrower Collateral shall mean all of the following property Debtor now or later owns or has an interest in, wherever located: 

  

	 	(a)	all Accounts Receivable (for purposes of this Agreement, “Accounts Receivable’ consists of all accounts; general intangibles; chattel paper (including without limit
electronic chattel paper and tangible chattel paper); contract rights; deposit accounts; documents; instruments; rights to payment evidenced by chattel paper, documents or instruments; health care insurance receivables; commercial tort claims;
letters of credit; letter of credit rights; supporting obligations; and rights to payment for money or funds advanced or sold), 

  

	 	(b)	all Inventory, 

  

	 	(c)	all Equipment and Fixtures, 

  

	 	(d)	 all Software (for purposes of this Agreement, “Software” consists of all (i) computer programs and supporting information provided in connection with
a transaction relating to the program, and (ii) computer programs embedded in goods and any supporting information provided in connection with a transaction relating to the program whether or not the program is associated 

	 	 
with the goods in such a manner that it customarily is considered part of the goods, and whether or not, by becoming the owner of the goods, a person
acquires a right to use the program in connection with the goods, and whether or not the program is embedded in goods that consist solely of the medium in which the program is embedded), 

  

	 	(e)	specific items listed below and/or on attached Schedule A, if any, is/are , also included in Borrower Collateral: 

  

	
	  

	  

	  

  

	 	(f)	all goods, instruments, documents, policies and certificates of insurance, deposits, money, investment property or other property (except real property which is not a fixture) which
are now or later in possession or control of Bank, or as to which Bank now or later controls possession by documents or otherwise, and 

  

	 	(g)	all additions, attachments, accessions, parts, replacements, substitutions, renewals, interest, dividends, distributions, rights of any kind (including but not limited to stock
splits, stock rights, voting and preferential rights), products, and proceeds of or pertaining to the above including, without limit, cash or other property which were proceeds and are recovered by a bankruptcy trustee or otherwise as a preferential
transfer by Debtor. 

  

	 	(h)	the Borrower Patent and Trademark Collateral (as defined in the Patent and Trademark Security Agreement, dated as of May 20, 2005, between Debtor and Bank).

  
 In the definition of Borrower Collateral, a
reference to a type of collateral shall not be limited by a separate reference to a more specific or narrower type of that collateral. 
  
 Notwithstanding anything herein to the contrary, “Borrower Collateral” shall not include any general intangible that is the subject of a written
agreement which specifically prohibits assignment thereof or grant of a security interest therein but only to the extent of such prohibition, and only to the extent that the terms and provisions of such written agreement, document or instrument
creating or evidencing such property or’ any rights relating thereto expressly prohibit the granting of a security interest therein or condition the granting of a security interest therein on the consent of a third party whose consent has not
been obtained or would cause, or allow a third party to cause, forfeiture of such property upon the granting of a security interest therein or a breach under any written agreement relating thereto; provided, however, that immediately upon the
ineffectiveness, lapse or termination of such provision, the Borrower Collateral shall include, and Debtor shall be deemed to have granted a security interest in, all such general intangibles as if such term had never been In effect. 
  

	2.	Warranties, Covenants and Agreements. Debtor warrants, covenants and agrees as follows: 

  

	 	2.1	Debtor shall furnish to Bank, in form and at intervals as Bank may request, any information Bank may reasonably request and allow Bank to examine, inspect, and copy any of
Debtor’s books and records. Debtor shall, at the request of Bank, mark its records and the Borrower Collateral to dearly indicate the security interest of Bank under this Agreement. 

  

	 	2.2	 At the time any Borrower Collateral becomes, or is represented to be, subject to a security interest in favor of Bank, Debtor shall be deemed to have warranted
that, except as expressly provided in the Credit Agreement (a) Debtor is the lawful owner of the Borrower Collateral and has the right and authority to subject it to a security interest granted to Bank; (b) none of the Borrower Collateral
is subject to any security interest other than that in 

  

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favor of Bank and Permitted Liens (as defined in the Credit Agreement); (c) there are no financing statements on file, other than in favor of Bank and
Permitted Liens; (d) no person, other than Bank, has possession or control (as defined in the Uniform Commercial Code) of any Borrower Collateral of such nature that perfection of a security interest may be accomplished by control; and
(e) Debtor acquired its rights in the Borrower Collateral in the ordinary course of its business. 

  

	 	2.3	Debtor will keep the Borrower Collateral free at all times from all claims, liens, security interests and encumbrances other than those in favor of Bank and Permitted Liens. Debtor
will not, without the prior written consent of Bank, sell, transfer or lease, or permit to be sold, transferred or leased, any or all of the Borrower Collateral, except for Inventory in the ordinary course of its business or as otherwise expressly
permitted by the Credit Agreement. Bank or its representatives may at all reasonable times inspect the Borrower Collateral and may enter upon all premises where the Borrower Collateral is kept or might be located. 

  

	 	2.4	Debtor will do all acts and will execute or cause to be executed all writings requested by Bank to establish, maintain and continue an exclusive, perfected and first security
interest of Bank in the Borrower Collateral, subject only to Permitted Liens. Debtor agrees that Bank has no obligation to acquire or perfect any lien on or security interest in any asset(s), whether realty or personalty, to secure payment of the
Indebtedness. 

  

	 	2.5	Debtor will pay within the time that they can be paid without interest or penalty all taxes, assessments and similar charges which at any time are or may become a lien, charge, or
encumbrance upon any Borrower Collateral, except to the extent contested in good faith and bonded in a manner satisfactory to Bank. If Debtor fails to pay any of these taxes, assessments, or other charges in the time provided above, Bank has the
option (but not the obligation) to do so and Debtor agrees to repay all amounts so expended by Bank immediately upon demand, together with interest at the highest lawful default rate which could be charged by Bank on any Indebtedness.

  

	 	2.6	Debtor will keep the Borrower Collateral in good condition and will protect it from loss, damage, or deterioration from any cause in all material respects. Debtor has and will
maintain at all times (a) with respect to the Borrower Collateral, insurance under an “all risk” policy against fire and other risks customarily insured against, and (b) public liability insurance and other insurance as may be
required by law or reasonably required by Bank, all of which insurance shall be in amount, form and content, and written by companies as may be satisfactory to Bank, containing a lender’s loss payable endorsement acceptable to Bank. Debtor will
deliver to Bank immediately upon demand evidence satisfactory, to Bank that the required insurance has been procured. If Debtor fails to maintain satisfactory insurance, Bank has the option (but not the obligation) to do so and Debtor agrees to
repay all amounts so expended by Bank immediately upon demand, together with interest at the highest lawful default rate which could be charged by Bank on any Indebtedness. 

  

	 	2.7	 On each occasion on which Debtor evidences to Bank the account balances on and the nature and extent of the Accounts Receivable, Debtor shall be deemed to have
warranted that except as otherwise indicated (a) each of those Accounts Receivable is valid and enforceable without performance by Debtor Of any act; (b) each of those account balances are in fact owing, (c) there are no setoffs,
recoupments, credits, contra accounts, counterclaims or defenses asserted against any of those Accounts Receivable, (d) as to any Accounts Receivable represented by a note, trade acceptance, draft or other instrument or by any chattel paper or
document, the same have been endorsed and/or delivered by Debtor to Bank, (e) Debtor has not received with respect to any Account Receivable, any notice of the death of the related account debtor, nor of the dissolution, liquidation,
termination of existence, insolvency, business failure, appointment of a receiver for, assignment for the benefit of creditors by, or filing of a petition in bankruptcy by or against, the account debtor, and (f) as to each Account Receivable,
except as has been disclosed to Bank, the account debtor is not an affiliate of Debtor, the United States of America or any department, agency or instrumentality of it, or a citizen or resident of any jurisdiction outside of the United 

  

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States. Debtor will do all acts and will execute all writings reasonably requested by Bank to perform, enforce performance of, and collect all Accounts
Receivable. Debtor shall neither make nor permit any material modification, compromise or substitution for any Account Receivable without the prior written consent of Bank. Debtor shall, at Bank’s request, arrange for verification of Accounts
Receivable directly with account debtors or by other methods acceptable to Bank. 

  

	 	2.8	Debtor at all times shall be in compliance in all material respects with all applicable laws, including without limit any laws, ordinances, directives, orders, statutes, or
regulations an object of which is to regulate or improve health, safety, or the environment (“Environmental Laws”), in all material respects. 

  

	 	2.9	If Bank, acting in its sole discretion, redelivers Borrower Collateral to Debtor or Debtor’s designee for the purpose of (a) the ultimate sale or exchange thereof; or
(b) presentation, collection, renewal, or registration of transfer thereof; or (c) loading, unloading, storing, shipping, transshipping, manufacturing, processing or otherwise dealing with it preliminary to sale or exchange; such
redelivery shall be in trust for the benefit of Bank and shall not constitute a release of Bank’s security interest in it or in the proceeds or products of it unless Bank specifically so agrees in writing. If Debtor requests any such
redelivery, Debtor will deliver with such request if requested by Bank a duly executed financing statement in form and substance satisfactory to Bank. Any proceeds of Borrower Collateral coming into Debtor’s possession as a result of any such
redelivery shall be held in trust for Bank and immediately delivered to Bank for application on the Indebtedness. Bank may (in its sole discretion) deliver any or all of the Borrower Collateral to Debtor, and such delivery by Bank shall discharge
Bank from all liability or responsibility for such Borrower Collateral. Bank, at its option, may require delivery of any Borrower Collateral to Bank at any time with such endorsements or assignments of the Borrower Collateral as Bank may request.

  

	 	2.10	At any time and without notice after the occurrence and during the continuance of an Event of Default, Bank may (a) cause any or all of the Borrower Collateral to be
transferred to its name or to the name of its nominees; (b) receive or collect by legal proceedings or otherwise all dividends, ,interest, principal payments and other sums and all other distributions at any time payable or receivable on
account of the Borrower Collateral, and hold the same as Borrower Collateral, or apply the same to the Indebtedness, the manner and distribution of the application to be in the sole discretion of Bank; and (c) enter into any extension,
subordination, reorganization, deposit, merger or consolidation agreement or any other agreement relating to or affecting the Borrower Collateral, and deposit or surrender control of the Borrower Collateral, and accept other property in exchange for
the Borrower Collateral and hold or apply the property or money so received pursuant to this Agreement. In addition, at any time and without notice, Bank may take such actions in its own name or in Debtor’s name as Bank, in its sole discretion,
deems necessary or appropriate to establish exclusive control (as defined in the Uniform Commercial Code) over any Borrower Collateral of such nature that perfection of Bank’s security interest may be accomplished by control.

  

	 	2.11	Bank may assign any of the Indebtedness and deliver any or all of the Borrower Collateral to its assignee, who then shall have with respect to Borrower Collateral so delivered all
the rights and powers of Bank under this Agreement, and after that Bank shall be fully discharged from all liability and responsibility with respect to Borrower Collateral so delivered. 

  

	 	2.12	 Debtor delivers this Agreement based solely on Debtor’s independent investigation of (or decision not to investigate) the financial condition of Borrower and
is not relying on any information furnished by Bank. Debtor assumes full responsibility for obtaining any further information concerning the Borrower’s financial condition, the status of the Indebtedness or any other matter which the
undersigned may deem necessary or appropriate now or later. Debtor waives any duty on the part of Bank, and agrees that Debtor is not relying upon nor expecting Bank to disclose to Debtor any fact now or later known by Bank, whether relating to the
operations or condition of 

  

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Borrower, the existence, liabilities or financial condition of any guarantor of the Indebtedness, the occurrence of any default with respect to the
Indebtedness, or otherwise, notwithstanding any effect such fact may have upon Debtor’s risk or Debtor’s rights against Borrower. Debtor knowingly accepts the full range of risk encompassed in this Agreement, which risk includes without
limit the possibility that Borrower may incur Indebtedness to Bank after the financial condition of Borrower, or Borrower’s ability to pay debts as they mature, has deteriorated. 

  

	 	2.13	Debtor shall defend, indemnify and hold harmless Bank, its employees, agents, shareholders, affiliates, officers, and directors from and against any and all claims, damages, fines,
expenses, liabilities or causes of action of whatever kind, including without limit consultant fees, legal expenses, and, attorney fees, suffered by any of them as a direct or indirect result of any actual or asserted violation of any law that is or
may be applicable to Debtor, including, without limit, Environmental Laws, or of any remediation relating to any property required by any law, including without limit Environmental Laws. 

  

	3.	Collection of Proceeds. 

  

	 	3.1	Debtor agrees to collect and enforce payment of all Borrower Collateral until Bank shall direct Debtor to the contrary. Immediately upon notice to Debtor by Bank after the
occurrence and during the continuance of an Event of Default (as defined in Section 4.1 hereof) and at all times after that, Debtor agrees to fully and promptly cooperate and assist Bank in the collection and enforcement of all Borrower
Collateral and to hold in trust for Bank all payments received in connection with Borrower Collateral and from the sale, lease or other disposition of any Borrower Collateral, all rights by way of suretyship or guaranty and all rights in the nature
of a lien or security interest which Debtor now or later has regarding Borrower Collateral. Immediately upon and after such notice, Debtor agrees to (a) endorse to Bank and immediately deliver to Bank all payments received on Borrower
Collateral or from the sale, lease or other disposition of any Borrower Collateral or arising from any other rights or interests of Debtor in the Borrower Collateral, in the form received by Debtor without commingling with any other funds, and
(b) immediately deliver to Bank all property in Debtors possession or later coming into Debtor’s possession through enforcement of Debtor’s rights or interests in the Borrower Collateral. Debtor irrevocably authorizes Bank or any Bank
employee or agent to endorse the name of Debtor upon any checks or other items which are received in payment for any Borrower Collateral, and to do any and all things necessary in order to reduce these items to money. Bank shall have no duty as to
the collection or protection of Borrower Collateral or the proceeds of it, nor as to the preservation of any related rights, beyond the use of reasonable care in the custody and preservation of Borrower Collateral in the possession of Bank. Debtor
agrees to take all steps necessary to preserve rights against prior parties With respect to the Borrower Collateral. Nothing in this Section 3.1 shall be deemed a consent by Bank to any sale, lease or other disposition of any Borrower
Collateral. 

  

	 	3.2	Debtor agrees that immediately upon Bank’s request (whether or not any Event of Default exists) the Indebtedness shall be on a “remittance basis” as follows: Debtor
shall at its sole expense establish and maintain (and Bank, at Bank’s option may establish and maintain at Debtor’s expense): (a) an United States Post Office lock box (the “Lock Box”), to which Bank shall have exclusive
access and control. Debtor expressly authorizes Bank, from time to time, to remove contents from the Lock Box, for disposition in accordance with this Agreement. Debtor agrees to notify all account debtors and other parties obligated to Debtor that
all payments made to Debtor (other than payments by electronic funds transfer) shall be remitted, for the credit of Debtor, to the Lock Box, and Debtor shall include a like statement on all invoices; and (b) a non-interest bearing deposit
account with Bank which shall be titled as designated by Bank (the “Cash Collateral Account”) to which Bank shall have exclusive access and control. Debtor agrees to notify all account debtors and other parties obligated to Debtor that all
payments made to Debtor by electronic funds transfer shall be remitted to the Cash Collateral Account, and Debtor, at Bank’s request, shall include a like statement on all invoices. Debtor shall execute all documents and authorizations as
required by Bank to establish and maintain the Lock Box and the Cash Collateral Account. 

  

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	 	3.3	All items or amounts which are remitted to the Lock Box, to the Cash Collateral Account, or otherwise delivered by or for the benefit of Debtor to Bank on account of partial or full
payment of, or with respect to, any Borrower Collateral shall, at Bank’s option, (a) be applied to the payment of the Indebtedness, whether then due or not, in such order or at such time of application as Bank may determine in its sole
discretion, or, (b) be deposited to the Cash Collateral Account; provided, however, unless an Event of Default has occurred and is continuing, such items and amounts shall be applied as specified in clause (a) above. Debtor agrees that
Bank shall not be liable for any loss or damage which Debtor may suffer as a result of Bank’s processing of items or its exercise of any other rights or remedies under this Agreement, including without limitation indirect, special or
consequential damages, loss of revenues or profits, or any claim, demand or action by any third party arising out of or in connection with the processing of items or the exercise of any other rights or remedies under this Agreement. Debtor agrees to
indemnify and hold Bank harmless from and against all such third party claims, demands or actions, and all related expenses or liabilities, including, without limitation, attorney fees. 

  

	4.	Defaults, Enforcement and Application of Proceeds. 

  

	 	4.1	Upon the occurrence and during the continuance of any of the following events (each an “Event of Default”), Debtor shall be in default under this Agreement:

  

	 	a.	Any failure to pay the Indebtedness or any other indebtedness when due, or such portion of it as may be due, by acceleration or otherwise and continuance thereof beyond any
applicable period of cure; or 

  

	 	b.	Any failure or neglect to comply with, or breach of or default under, any term of this Agreement and continuance thereof for fifteen (15) days after notice thereof by Bank to
Debtor (provided that such notice and cure provisions shall not apply to defaults under Sections 2.3 or 2.6), or any other agreement or commitment between Borrower, or any guarantor of any of the Indebtedness (“Guarantor”) and Bank and
continuance thereof beyond any applicable period of cure; or 

  

	 	c.	Any warranty, representation, financial statement, or other information made, given or furnished to Bank by or on behalf of Borrower, or any Guarantor shall be, or shall prove to
have been, false or materially misleading when made, given, or furnished in any material respect; or 

  

	 	d.	Any loss, theft, substantial damage or destruction to or of any Borrower Collateral in any material respect, or the issuance or filing of any attachment, levy, garnishment or the
commencement of any proceeding in connection with any Borrower Collateral in excess of Ten Thousand Dollars ($10,000); or 

  

	 	e.	Sale or other disposition by Borrower, or any Guarantor of any substantial portion of its assets or property or voluntary suspension of the transaction of business by Borrower, or
any Guarantor, or death, dissolution, termination of existence, merger, consolidation, insolvency, business failure, or assignment for the benefit of creditors of or by Borrower, or any Guarantor; or commencement of any proceedings under any state
or federal bankruptcy or insolvency laws or laws for the relief of debtors by or against Borrower, or any Guarantor; or the appointment of a receiver, trustee, court appointee, sequestrator or otherwise, for all or any part of the property of
Borrower, or any Guarantor; or 

  

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	 	f.	An event of default shall occur and be continuing under the Credit Agreement or any instrument, agreement or other document evidencing, securing or otherwise relating to any of the
Indebtedness. 

  

	 	4.2	Upon the occurrence and during the continuance of any Event of Default, Bank may at its discretion and without prior notice to Debtor declare any or all of the Indebtedness to be
immediately due and payable, and shall have and may exercise any one or more of the following rights and remedies: 

  

	 	(a)	Exercise all the rights and remedies upon default, in foreclosure and otherwise, available to secured parties under the provisions of the Uniform Commercial Code and other
applicable law; 

  

	 	(b)	Institute legal proceedings to foreclose upon the lien and security interest granted by this Agreement, to recover judgment for all amounts then due and owing as Indebtedness, and
to collect the same out of any Borrower Collateral or the proceeds of any sale of it; 

  

	 	(c)	Institute legal proceedings for the sale, under the judgment or decree of any court of competent jurisdiction, of any or all Borrower Collateral; and/or 

  

	 	(d)	Personally or by agents, attorneys, or appointment of a receiver, enter upon any premises where Borrower Collateral may then be located, and take possession of all or any of it
and/or render it unusable; and without being responsible for loss or damage to such Borrower Collateral, hold, operate, sell, lease, or dispose of all or any Borrower Collateral at one or more public or private sales, leasings or other disposition,
at places and times and on terms and conditions as Bank may deem fit, without any previous demand or advertisement; and except as provided in this Agreement, all notice of sale, lease or other disposition, and advertisement, and other notice or
demand, any right or equity of redemption, and any obligation of a prospective purchaser or lessee to inquire as to the power and authority of Bank to sell, lease, or otherwise dispose of the Borrower Collateral or as to the application by Bank of
the proceeds of sale or otherwise, which would otherwise be required by, or available to Debtor under, applicable law are expressly waived by Debtor to the fullest extent permitted. 

  
 At any sale pursuant to this Section 4.2, whether under the power of
sale, by virtue of judicial proceedings or otherwise, it shall not be necessary for Bank or a public officer under order of a court to have present physical or constructive possession of Borrower Collateral to be sold. The recitals contained in any
conveyances and receipts made and given by Bank or the public officer to any purchaser at any sale made pursuant to this Agreement shall, to the extent permitted by applicable law, conclusively establish the truth and accuracy of the matters stated
(including, without limit, as to the amounts of the principal of and interest on the Indebtedness, the accrual and nonpayment of it and advertisement and conduct of the sale); and all prerequisites to the sale shall be presumed to have been
satisfied and performed. Upon any sale of any Borrower Collateral, the receipt of the officer making the sale under judicial proceedings or of Bank shall be sufficient discharge to the purchaser for the purchase money, and the purchaser shall not be
obligated to see to the application of the money. Any sale of any Borrower Collateral under this Agreement shall be a perpetual bar against Debtor with respect to that Borrower Collateral. At any sale or other disposition of Borrower Collateral
pursuant to this Section 4.2, Bank disclaims all warranties which would otherwise be given under the Uniform Commercial Code, including without limit a disclaimer of any warranty relating to title, possession, quiet enjoyment or the like, and
Bank may communicate these disclaimers to a purchaser at such disposition. This disclaimer of warranties will not render the sale commercially unreasonable. 
  

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	 	4.3	Debtor shall at the request of Bank, notify the account debtors or obligors of Bank’s security interest in the Borrower Collateral and direct payment of it to Bank. Bank may,
itself, upon the occurrence and during the continuance of any Event of Default so notify and direct any account debtor or obligor. At the request of Bank, whether or not an Event of Default shall have occurred, Debtor shall immediately take such
actions as Bank shall request to establish exclusive control (as defined in the Uniform Commercial Code) by Bank over any Borrower Collateral which is of such a nature that perfection of a security interest may be accomplished by control.

  

	 	4.4	The proceeds of any sale or other disposition of Borrower Collateral authorized by this Agreement shall be applied by Bank first upon all expenses authorized by the Uniform
Commercial Code and all reasonable attorney fees and legal expenses incurred by Bank; the balance of the proceeds of the sale or other disposition shall be applied in the payment of the Indebtedness, first to interest, then to principal, then to .
remaining Indebtedness and the surplus, if any, shall be paid over to Debtor or to such other person(s) as may be entitled to it under applicable law. Debtor shall remain liable for any deficiency, which it shall pay to Bank immediately upon demand.
Debtor agrees that Bank shall be under no obligation to accept any noncash proceeds in connection with any sale or disposition of borrower Collateral unless failure to do so would be commercially unreasonable. If Bank agrees in its sole discretion
to accept noncash proceeds (unless the failure to do so would be commercially, unreasonable), Bank may ascribe any commercially reasonable value to such proceeds. Without limiting the foregoing, Bank may apply any discount factor in determining the
present value of proceeds to be received in the future or may elect to apply proceeds to be received in the future only as and when such proceeds are actually received in cash by Bank. 

  

	 	4.5	Nothing in this Agreement is intended, nor shall it be construed, to preclude Bank from pursuing any other remedy provided by law for the collection of the Indebtedness or for the
recovery of any other sum to which Bank may be entitled for the breach of this Agreement by Debtor. Nothing in this Agreement shall reduce or release in any way any rights or security interests of Bank contained in any existing agreement between
Borrower, or any Guarantor and Bank. 

  

	 	4.6	No waiver of default or consent to any act by Debtor shall be effective unless in writing and signed by an authorized officer of Bank. No waiver of any default or forbearance on the
part of Bank in enforcing any of its rights under this Agreement shall operate as a waiver of any other default or of the same default on a future occasion or of any rights. 

  

	 	4.7	Debtor (a) irrevocably appoints Bank or any agent of Bank (which appointment is coupled with an interest) the true and lawful attorney of Debtor (with full power of
substitution) in the name, place and stead of, and at the expense of, Debtor and (b) authorizes Bank or any agent of Bank, in its Own name, at Debtor’s expense, to do any of the following, as Bank, in its sole discretion, deems
appropriate: 

  

	 	(i)	to demand, receive, sue for, and give receipts or acquaintances for any moneys due or to become due on any Borrower Collateral (including without limit to draft against Borrower
Collateral) and to endorse any item representing any payment on or proceeds of the Borrower Collateral; 

  

	 	(ii)	to execute and file in the name of and on behalf of Debtor all financing statements or other filings deemed necessary or desirable by Bank to evidence, perfect, or continue the
security interests granted in this Agreement; and 

  

	 	(iii)	to do and perform any act on behalf of Debtor permitted or required under this Agreement. 

  

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	 	4.8	Upon the occurrence and during the continuance of an Event of Default, Debtor also agrees, upon request of Bank, to assemble the Borrower Collateral and make it available to Bank at
any place designated by Bank which is reasonably convenient to Bank and Debtor. 

  

	 	4.9	The following shall be the basis for any finder of fact’s determination of the value of any Borrower Collateral which is the subject matter of a disposition giving rise to a
calculation of any surplus or deficiency under Section 9.615 (f) of the Uniform Commercial Code (as in effect on or after July 1, 2001) to the extent permitted by applicable law: (a) the Borrower Collateral which is the subject
matter of the disposition shall be valued in an “as is” condition as of the date of the disposition, without any assumption or expectation that such Borrower Collateral will be repaired or improved in any manner,, (b) the valuation
shall be based upon an assumption that the transferee of such Borrower Collateral desires a resale of the Borrower Collateral for cash promptly (but no later than 30 days) following the disposition; (c) all reasonable closing costs customarily
borne by the seller in commercial sales transactions relating to property similar to such Borrower Collateral shall be deducted including, without limitation, brokerage commissions, tax prorations, attorneys’ fees, whether inside or outside
counsel is used, and marketing costs; (d) the value of the Borrower Collateral which is the subject matter of the disposition shall be further discounted to account for any estimated holding costs associated with maintaining such Borrower
Collateral pending sale (to the extent not accounted for in (c) above), and other maintenance, operational and ownership expenses; and (e) any expert opinion testimony given or considered in connection with a determination of the value of
such Borrower Collateral must be given by persons having at least 5 years experience in appraising property similar to the Borrower Collateral and who have conducted and prepared a complete written appraisal of such Borrower Collateral taking into
consideration the factors set forth above. The “value” of any such Borrower Collateral shall be a factor in determining the amount of proceeds which would have been realized in a disposition to a transferee other than a secured party, a
person related to a secured party or a secondary obligor under Section 9-615(f) of the Uniform Commercial Code. 

  

	5.	Miscellaneous. 

  

	 	5.1	Until Bank is advised in writing by Debtor to the contrary, all notices, requests and demands required under this Agreement or by law shall be given to, or made upon, Debtor at the
first address indicated in Section 5.15 below. 

  

	 	5.2	Debtor will give Bank not less than 30 days prior written notice of all contemplated changes in Debtors name, location, chief executive office, principal place of business, and/or
location of any Borrower Collateral, but the giving of this notice shall not cure any Event of Default caused by this change. 

  

	 	5.3	Bank assumes no duty of performance or other responsibility under any contracts contained within the Borrower Collateral. 

  

	 	5.4	Bank has the right to sell, assign, transfer, negotiate or grant participations or any interest in, any or all of the Indebtedness and any related obligations, including without
limit this Agreement In connection with the above, but without limiting its ability to make other disclosures to the full extent allowable, Bank may disclose all documents and information which Bank now or later has relating to Debtor, the
Indebtedness or this Agreement, however obtained. Debtor further agrees that Bank may provide information relating to this Agreement or relating to Debtor to the Bank’s parent, affiliates, subsidiaries, and service providers.

  

	 	5.5	In addition to Bank’s other rights, any indebtedness owing from Bank to Debtor can be set off and applied by Bank on any Indebtedness at any time(s) either before or after
maturity or demand without notice to anyone. Any such action shall not constitute an acceptance of collateral in discharge of the Indebtedness. 

  

 9 

	 	5.6	Debtor, to the extent not expressly prohibited by applicable law, waives any right to require the Bank to: (a) proceed against any person or property; (b) give notice of
the terms, time and place of any public or private sale of personal property security held from Borrower or any other person, or otherwise comply with the provisions of Sections 9-611 or 9-621 of the Uniform Commercial Code; or (c) pursue any
other remedy in the Bank’s power. Debtor waives notice of acceptance of this Agreement and presentment, demand, protest, notice of protest, dishonor, notice of dishonor, notice of default, notice of intent to accelerate or demand payment of any
Indebtedness, any and all other notices to which the undersigned might otherwise be entitled, and diligence in collecting any Indebtedness, and agree(s) that the Bank may, once or any number of times, modify the terms of any Indebtedness,
compromise, extend, increase, accelerate, renew or forbear to enforce payment of any or all Indebtedness, or permit Borrower to incur additional Indebtedness, all without notice to Debtor and without affecting in any manner the unconditional
obligation of Debtor under this Agreement. Debtor unconditionally and irrevocably waives each and every defense and setoff of any nature which, under principles of guaranty or otherwise, would operate to impair or diminish in any way the obligation
of Debtor under this Agreement, and acknowledges that such waiver is by this reference incorporated into each security agreement, collateral assignment, pledge and/or other document from Debtor now or later securing the Indebtedness, and
acknowledges that as of the date of this Agreement no such defense or setoff exists. 

  

	 	5.7	Intentionally Omitted 

  

	 	5.8	In the event that applicable law shall obligate Bank to give prior notice to Debtor of any action to be taken under this Agreement, Debtor agrees that a written notice given to
Debtor at least ten days before the date of the act shall be reasonable notice of the act and, specifically, reasonable notification of the time and place of any public sale or of the time after which any private sale, lease, or other disposition is
to be made, unless a shorter notice period is reasonable under the circumstances. A notice shall be deemed to be given under this Agreement when delivered to Debtor or two days after being placed in an envelope addressed to Debtor and deposited,
with postage prepaid, in a post office or official depository under the exclusive care and custody of the United States Postal Service or delivered to an overnight courier. The mailing shall be by overnight courier, certified, or first class mail.

  

	 	5.9	Notwithstanding any prior revocation, termination, surrender, or discharge of this Agreement in whole or in part, the effectiveness of this Agreement shall automatically continue or
be reinstated in the event that any payment received or credit given by Bank in respect of the Indebtedness is returned, disgorged, or rescinded under any applicable law, including, without limitation, bankruptcy or insolvency laws, in which case
this Agreement, shall be enforceable against Debtor as if the returned, disgorged, or rescinded payment or credit had not been received or given by Bank, and whether or not Bank relied upon this payment or credit or changed its position as a
consequence of it. In the event of ‘continuation or reinstatement of this Agreement, Debtor agrees upon demand by Bank to execute and deliver to Bank those documents which Bank determines are appropriate to further evidence (in the public
records or otherwise) this continuation or reinstatement, although the failure of Debtor to do so shall not affect in any way the reinstatement or continuation. 

  

	 	5.10	This Agreement and all the rights and remedies of Bank under this Agreement shall inure to the benefit of Bank’s successors and assigns and to any other holder who derives from
Bank title to or an interest in the Indebtedness or any portion of it, and shall bind Debtor and the heirs, legal representatives, successors, and assigns of Debtor. Nothing in this Section 5.10 is deemed a consent by Bank to any assignment by
Debtor. 

  

	 	5.11	 If there is more than one Debtor, all undertakings, warranties and covenants made by Debtor and all rights, powers and authorities given to or conferred upon Bank
are made or given jointly and severally. 

  

 10 

	 	5.12	Except as otherwise provided in this Agreement, all terms in this Agreement have the meanings assigned to them in Article 9 (or, absent definition in Article 9, in any other
Article) of the Uniform Commercial Code, as those meanings may be amended, revised or replaced from time to time. “Uniform Commercial Code” means Act No. 174 of the Michigan Public Acts of 1962, as amended, revised or replaced from
time to time, including without limit as amended by Act No. 348 of the Michigan Public Acts of 2000. Notwithstanding the foregoing, the parties intend that the terms used herein which are defined in the Uniform Commercial Code have, at all
times, the broadest and most inclusive meanings possible. Accordingly, if the Uniform Commercial Code shall in the future be amended or held by a court to define any term used herein more broadly or inclusively than the Uniform Commercial Code in
effect on the date of this Agreement, then such term, as used herein, shall be given such broadened meaning. If the Uniform Commercial Code shall in the future be amended or held by a court to define any term used herein more narrowly, or less
inclusively, than the Uniform Commercial Code in effect on the date of this Agreement, such amendment or holding shall be disregarded in defining terms used in this Agreement. 

  

	 	5.13	No single or partial exercise, or delay in the exercise, of any right or power under this Agreement, shall preclude other or further exercise of the rights and powers under this
Agreement. The unenforceability of any provision of this Agreement shall not affect the enforceability of the remainder of this Agreement. This Agreement constitutes the entire agreement of Debtor and Bank with respect to the subject matter of this
Agreement. No amendment or modification of this Agreement shall be effective unless the same shall be in writing and signed by Debtor and an authorized officer of Bank. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Michigan, without regard to conflict of laws principles. 

  

	 	5.14	To the extent that any of the Indebtedness is payable upon demand, nothing contained in this Agreement shall modify the terms and conditions of that Indebtedness nor shall anything
contained in this Agreement prevent Bank from making demand, without notice and with or without reason, for immediate payment of any or all of that Indebtedness at any time(s), whether or not an Event of Default has occurred.

  

	 	5.15	Debtor represents and warrants that Debtor’s exact name is the name set forth in this Agreement. Debtor further represents and warrants the following and agrees that Debtor is,
and at all times shall be, located in the following place [mark applicable provision]: 

  

	 	 ̈	Debtor is an individual, and Debtor is located (as determined pursuant to the Uniform Commercial Code) at Debtor’s principal residence which is (street address, state and
county or parish):
                                        .

  

	 	 ̈	Debtor is a registered organization which is organized under the laws of one of the states comprising the United States (e.g. corporation, limited partnership, registered limited
liability partnership or limited liability company), and Debtor is located (as determined pursuant to the Uniform Commercial Code) in the state under the laws of which it was organized, which is (street address, state and county or parish):
Michigan. 

  

	 	 ̈	Debtor is a domestic organization which is not a registered organization under the laws of the United States or any state thereof (e.g. general partnership, joint venture, trust,
estate or association), and Debtor is located (as determined pursuant to the Uniform Commercial Code) at its sole place of business or, if it has more than one place of business, at its chief executive office, which is (street address, state and
county or
parish):                                      
  . 

  

	 	 ̈	 Debtor is a registered organization organized under the laws of the United States, and Debtor is located in the state that United States law designates as its
location or, if United States law authorizes the Debtor to designate the state for its location, the state designated by Debtor, or if neither of the foregoing are applicable, at the District of Columbia. Debtor is located (as determined pursuant to
the Uniform Commercial Code) at (street address, state and county or
parish):                                      
  . 

  

 11 

	 	 ̈	Debtor is a foreign individual or foreign organization or a branch or agency of a bank that is not organized under the laws of the United States or a state thereof. Debtor is
located (as determined pursuant to the Uniform Commercial Code)
at:                                       
 . 

  
 If Borrower Collateral is located
at other than the address specified above, such Borrower Collateral is located and shall be maintained at 
  

							
	See Attached Schedule of Collateral Locations	 	 
	 STREET ADDRESS
  

	 CITY
	 	STATE	 	ZIP CODE	 	COUNTY
	 Borrower Collateral shall be maintained only at the locations identified in this Section 5.15.

  

	 	5.16	A carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement under the Uniform Commercial Code and may be filed by Bank in any filing
office. 

  

	 	5.17	This Agreement shall be terminated only by the filing of a termination statement in accordance with the applicable provisions of the Uniform Commercial Code, but the obligations
contained in Section 2.13 of this Agreement shall survive termination. 

  
 DEBTOR AND BANK ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR CHOICE,
KNOWINGLY AND VOLUNTARILY, AND FOR THEIR MUTUAL BENEFIT WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION REGARDING THE PERFORMANCE OR ENFORCEMENT OF, OR IN ANY WAY RELATED TO, THIS AGREEMENT OR THE INDEBTEDNESS. 
  

	7.	Special Provisions Applicable to this Agreement. The Indebtedness shall be on a remittance basis and the provisions of Sections 3.2 and 3.3 shall apply.

  

			
	Debtor:
	
	AMERICAN INCORPORATED, a Michigan corporation
		
	By:	 	 /s/ Barry Steele

	 	 	SIGNATURE OF
		
	Its:	 	Chief Financial Officer
	 	 	TITLE (if applicable)
		
	By:	 	 /s/ D. R. Coker

	 	 	SIGNATURE OF
		
	Its:	 	President and Chief Executive Officer
	 	 	TITLE (if applicable)

  

 12Patent and Trademark Security Agreement by Amerigon Inc. in favor of Comerica

 EXHIBIT 10.3.2 
  
 PATENT AND TRADEMARK SECURITY AGREEMENT 
 BY AMERIGON INCORPORATED IN FAVOR OF 
 COMERICA BANK DATED AS OF MAY 20, 2005 
  
 PATENT AND TRADEMARK SECURITY AGREEMENT 
  
 PATENT AND TRADEMARK SECURITY AGREEMENT, dated as of May 20, 2005, made
by AMERIGON INCORPORATED, a Michigan corporation, successor by reason of merger with Amerigon Incorporated, a California corporation (the “Grantor”) in favor of COMERICA BANK, a Michigan banking corporation (the “Bank”).

  
 WITNESSETH: 
  
 WHEREAS, Grantor (as successor to Amerigon Incorporated, a California
corporation) is a party to the Credit Agreement dated as of November 14, 2002 (as amended or modified from time to time the “Credit Agreement”) between the Bank and Grantor; 
  
 WHEREAS, the Grantor owns certain Trademarks (as defined below) and Trademark
Licenses (as defined below) listed on Schedule I attached hereto; 
  
 WHEREAS, the Grantor owns certain Patents (as defined below) and Patent Licenses (as defined below) listed on Schedule II attached hereto; 
  
 WHEREAS, it is a condition precedent to the obligation of the Bank to make credit advances to Grantor under the Credit Agreement that the Grantor shall
have executed and delivered this Agreement to the Bank; 
  
 NOW,
THEREFORE, in consideration of the premises and to induce the Bank to enter into the Credit Agreement and to make advances to Grantor thereunder and under the Note (as defined below), the Grantor hereby agrees with the Bank, as follows: 

 
 1. Defined Terms. 
  
 (a) Unless otherwise defined herein, capitalized terms defined in the Credit
Agreement are used herein as defined therein. The following terms shall have the following meanings: 
  
 “Agreement”: this Patent and Trademark Security Agreement, as the same may be amended, supplemented, waived or otherwise
modified from time to time. 
  
 “Borrower
Patent and Trademark Collateral”: as defined in Section 2 of this Agreement. 

 “Code”: the Uniform Commercial Code as from time to time in effect in
the State of Michigan. 
  
 “Event of
Default”: any default or event of default described in Section 7 of the Credit Agreement and lapse of any applicable grace and/or cure periods. 
  

“General Intangibles”: as defined in the Code, including, without limitation, all Patents and Trademarks now or
hereafter owned by the Grantor to the extent such Patents and Trademarks would be included in General Intangibles under the Code. 
  
 “Lien”: any lien, security interest, pledge, encumbrance or other similar charge, whether voluntary or involuntary and
however created. 
  
 “Note”: the
collective reference to the notes issued pursuant to the Credit Agreement and any modifications, amendments, renewals or extensions thereof. 
  
 “Obligations”: the collective reference to the unpaid principal of and interest on (including, without limitation,
interest accruing after the maturity of the Note and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Grantor whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding) the Note, and, all other obligations and liabilities of the Grantor to the Bank, whether direct or indirect, absolute or contingent, due or to become due, or now existing or
hereafter incurred, including, without limitation, obligations and liabilities which may arise under, out of, or in connection with, the Credit Agreement, the Note, the Guaranty or any other document made, delivered or given in connection therewith,
in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Bank). 
  
 “Patent License”: all United States license
agreements with any other person in connection with any of the Patents or such other person’s patents, whether the Grantor is a licensor or a licensee under any such license agreement, including, without limitation, the license agreements
listed on Schedule II hereto and made a part hereof, subject, in each case, to the terms of such license agreements and the right to prepare for sale, sell and advertise for sale, all inventory now or hereafter covered by such licenses. 

 
 “Patents”: all United States patents,
patent applications including, without limitation, all patents and patent applications identified in Schedule II attached hereto and made a part hereof, and including without limitation (a) all inventions and improvements described and claimed
therein, (b) the right to sue or otherwise recover for any and, all past, present and future infringements and misappropriations thereof, (c) all income, royalties, damages and other payments now and hereafter due and/or payable with
respect thereto (including, without limitation, payments under all licenses entered into in connection therewith, and damages and payments for past or future infringements 

  

 2 

 
thereof), and (d) all rights corresponding thereto in the United States and all reissues, divisions, continuations, continuations-in-part, substitutes,
renewals, and extensions thereof, all improvements thereon, and all other rights of any kind whatsoever of the Grantor accruing thereunder or pertaining thereto (Patents and Patent Licenses being, collectively, the “Patent Collateral”).

  
 “Trademark License”: all
United States license agreements with any other person in connection with any of the Trademarks or such other person’s names or trademarks, whether the Grantor is a licensor or a licensee under any such license agreement, including, without
limitation, the license agreements listed on Schedule I hereto and made a part hereof, subject, in each case, to the terms of such license agreements, and the right to prepare for sale, sell and advertise for sale, all inventory now or hereafter
covered by such licenses. 
  
 “Trademarks”: all trademarks, service marks, trademark and service mark registrations, and applications for trademark or service mark registrations (except for “intent to use” applications for trademark or service
mark registrations filed pursuant to Section 1(b) of the Lanham Act, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of said Act has been filed), and any renewals thereof, including, without
limitation, each registration and application identified in Schedule I attached hereto and made a part hereof, and including without limitation (a) the right to sue or otherwise recover for any and all past, present and future infringements and
misappropriations thereof, (b) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection therewith, and
damages and payments for past or future infringements thereof) and (c) all rights corresponding thereto in the United States and all other rights of any kind whatsoever of the Grantor accruing thereunder or pertaining thereto, together in each
case with the goodwill of the business connected with the use of, and symbolized by, each such trademark, service mark, trade name, trade dress or other indicia of trade origin (Trademarks and Trademark Licenses being, collectively, the
“Trademark Collateral”). 
  
 (b) The words
“hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and section and paragraph
references are to this Agreement unless otherwise specified. 
  
 (c) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 
  
 2. Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity,
by acceleration or otherwise) of the Obligations, the Grantor hereby assigns, pledges and grants to the Bank a security interest in all of the following property now owned or at any time hereafter acquired by the Grantor or in which the Grantor now
has or at any time in the future may acquire any right, title or interest (collectively, the “Borrower Patent and Trademark Collateral”): 
  

	 	(i)	all Trademarks; 

  

 3 

	 	(ii)	all Trademark Licenses; 

  

	 	(iii)	all Patents; 

  

	 	(iv)	all Patent Licenses; 

  

	 	(v)	all general intangibles connected with the use of or symbolized by the Trademarks and Patents; and 

  

	 	(vi)	to the extent not otherwise included, all proceeds and products of any and all of the foregoing; 

  
 Notwithstanding anything herein to the contrary, “Borrower Patent and Trademark Collateral” shall not include any
general intangible that is the subject of ‘a written agreement which specifically prohibits assignment thereof or grant of a security interest therein but only to the extent of such prohibition, and only to the extent that the terms and
provisions of such written agreement, document or instrument creating or evidencing such property or any rights relating thereto expressly prohibit the granting of a security interest therein or condition the granting of a security interest therein
on the consent of a third party whose consent has not been obtained or would cause, or allow a third party to cause, forfeiture of such property upon the granting of a security interest therein or a breach under any written agreement relating
thereto; provided, however, that immediately upon the effectiveness, lapse or termination of such provision, the Borrower Patent and: Trademark Collateral shall include, and Grantor shall be deemed to have granted a security interest in all such
general intangibles as if such term had never been in effect. 
  
 3. Grantor Remains Liable: Limitations on Bank’s Obligations. Anything herein to the contrary notwithstanding, (a) the Grantor shall remain liable under the contracts and agreements included in the Borrower Patent and
Trademark Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as: if this Agreement had not been executed, (b) the exercise by the Bank of any of the rights hereunder shall not
release the Grantor from any of its duties or obligations under the contracts and agreements included in the Borrower Patent and Trademark Collateral, and (c) the Bank shall not have any obligation or liability under the contracts and
agreements included in the Borrower Patent and Trademark Collateral by reason of this Agreement, nor shall the Bank be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any
claim for payment assigned hereunder. 
  
 4. Representations
and Warranties. The Grantor represents and warrants: as follows: 
  
 (a) Title; No Other Liens. Except for the Liens granted to the Bank and the Permitted Liens under the Credit Agreement, the Grantor is (or, in the case of after-acquired 

  

 4 

 
Borrower Patent and Trademark Collateral, will be) the sole, legal and beneficial owner of the entire right, title and interest in and to the Trademarks set
forth on Schedule I hereto and the Patents set forth in Schedule II hereto free and clear of any and all Liens. No security agreement, financing statement or other public notice similar in effect with respect to all or any part of the Borrower
Patent and Trademark Collateral is on file or of record in any public office (including, without limitation, the United States Patent and Trademark Office) except such as may have been filed in favor of the Bank pursuant to this Agreement and
Permitted Liens. 
  
 (b) Perfected First Priority Liens.

  
 (i) This Agreement is effective to create, as
collateral security for the Obligations, valid and enforceable Liens on the Borrower Patent and Trademark Collateral in favor of the Bank, subject to Permitted Liens. 
  
 (ii) Upon filing of the financing statements delivered to the Bank (and the recording of this Agreement in
the United States Patent and Trademark Office), the Liens created pursuant to this Agreement will constitute valid and perfected Liens on the Borrower Patent and Trademark Collateral in favor of the Bank, which Liens, subject to Permitted Liens,
will be prior to all other Liens on the Borrower Patent and Trademark Collateral, and which Liens are enforceable as such against all creditors of and purchasers (except to the extent that the recording of an assignment or other transfer of title to
the Bank in the United States Patent and Trademark Office may be necessary for such enforceability) from the Grantor, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (whether considered in a proceeding in equity or at law). 
  
 (c) Consents. Except as disclosed in Schedule III attached hereto, no consent of any party (other than such Grantor) to any Patent License or
Trademark License constituting Borrower Patent and Trademark Collateral is required, or purports to be required, to be obtained by or on behalf of such Grantor in connection with the execution, delivery and performance of this Agreement that has not
been obtained. Each Patent License and Trademark License constituting Borrower Patent and Trademark Collateral is in full force and effect and constitutes a valid and legally enforceable obligation of the Grantor and (to the knowledge of the
Grantor) each other party thereto except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditor’s rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law). No consent or authorization of, filing with or other act by or in respect of any governmental authority is required in connection with the execution, delivery, performance, validity
or enforceability of any of the Patent Licenses or Trademark Licenses by any party thereto other than those which have been duly obtained, made or performed and are in full force and effect. Neither the Grantor nor (to the knowledge of the Grantor)
any other party to any Patent License or Trademark License constituting Borrower Patent and Trademark Collateral is in default in the performance or observance of any of the terms thereof, except for such defaults as would not reasonably be
expected, in the aggregate, to have a material adverse effect on the value of the Borrower Patent and Trademark Collateral. The right, title and interest of the Grant r 

  

 5 

 
in, to and under each Patent License and Trademark License constituting Borrower Pant and Trademark Collateral are not subject to any material defense,
offset, counterclaim or claim. 
  
 (d) Schedules I and II are
Complete; All Filings Have Been Made. Set forth in Schedules I and II is a complete and accurate list of the Trademarks and Patents owned by the Grantor as of the date hereof. The Grantor has made all necessary filings and recordations to
protect and maintain its interest in the Trademarks and Patents set forth in Schedules I and II, including, without limitation, all necessary filings and recordings, and payments of all maintenance fees, in the United States Patent and Trademark
Office to the extent such Trademarks and Patents are material to the Grantor’s business. Set forth in Schedules I and II is a complete and accurate list of all of the material Trademark Licenses and Patent Licenses owned by the Grantor as of
the date hereof. 
  
 (e) The Trademarks and Trademark Licenses
are Subsisting; and Not Adjudged Invalid. As of the date hereof, each material trademark registration and trademark application of the Grantor set forth in Schedule I is subsisting as of the date hereof and has not been adjudged invalid,
unregisterable or unenforceable, in whole or in part, and, to the best of the Grantor’s knowledge, is valid, registrable and enforceable. As of the date hereof, each of the Trademark Licenses set forth in Schedule I is validly subsisting and
has not been adjudged invalid or unenforceable, in whole or in part,, and, to the best of the Grantor’s knowledge, is valid and enforceable. As of the date hereof, the Grantor has notified the Bank in writing of all uses of any item of
Trademark Collateral of which the Grantor is aware which could reasonably be expected to lead to such item becoming invalid or unenforceable, including unauthorized uses by third parties and uses which were not supported by the goodwill of the
business connected with such Borrower Patent and Trademark Collateral. 
  
 (f) The Patent and Patent Licenses are Subsisting and Not Adjudged Invalid. As of the date hereof, each material Patent and patent application of the Grantor set forth in Schedule II is subsisting and has not been adjudged invalid,
unpatentable or unenforceable, in whole or in part, and, to the best of the Grantor’s knowledge, is valid, patentable and enforceable. As of the date hereof, each of the material Patent Licenses set forth in Schedule II is validly subsisting
and has not been adjudged invalid or unenforceable, in whole or in part, and, to the best of the Grantor’s knowledge, is valid and enforceable. As of the date hereof, the Grantor has notified the Bank in writing of all uses of any item of
Patent Collateral material to the Grantor’s business of which the Grantor is aware which could reasonably be expected to lead to such item becoming invalid or unenforceable. 
  
 (g) No Previous Assignments or Releases. Except as expressly permitted by the Credit Agreement and such as may have
been filed in favor of Bank relating to this Agreement, no effective financing statement or other instrument similar in effect covering all or any part of the Borrower Patent and Trademark Collateral is on file in any filing or recording office.

  
 (h) Proper Statutory Notice. The Grantor has marked its
products with the trademark registration symbol the numbers of all appropriate patents, the common law trademark symbol or the designation “patent pending,” as the case may be, to the extent that it is reasonably and commercially
practicable, in all material respects. 
  

 6 

 (i) No Knowledge of Claims Likely to Arise. After reasonably inquiry, Grantor is not aware of any
pending or threatened claim by any third party that any of the Borrower Patent and Trademark Collateral owned, held or used by such Grantor is invalid or unenforceable. 
  
 (j) No Knowledge of Existing or Threatened Claims. No claim has been made and is continuing or, to the best of the
Grantor’s knowledge, threatened that the use by the Grantor of any item of material Borrower Patent and Trademark Collateral is invalid or unenforceable or that the use by the Grantor of any material Borrower Patent and Trademark Collateral
does or may violate the rights of any person. To the best of the Grantor’s knowledge, there is currently no infringement or unauthorized use of any item of material Borrower Patent and Trademark Collateral contained on Schedules I and II.

  
 5. Covenants. The Grantor covenants and agrees with the
Bank that, from and after the date of this Agreement until the payment in full of the Obligations: 
  
 (a) Further Documentation; Pledge of Instruments and Chattel Paper. At any time and from time to time, upon the written request of
the Bank or the Grantor, as the case may be, and at the sole expense of the Grantor, the Grantor or the Bank, as the case may be, will promptly and duly execute and deliver such further instruments and documents and take such further action as the
Bank or the Grantor may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation
statements under the Code in effect in any jurisdiction with respect to the Liens created hereby. The Grantor also hereby authorizes the Bank to file any such financing or continuation statement without the signature of the Grantor to the extent
permitted by applicable law. A carbon, photostatic or other reproduction of this Agreement shall be sufficient as a financing statement for filing in any jurisdiction. The Bank agrees to notify the Grantor and the Grantor agrees to notify the Bank
of any financing or continuation statement filed by it pursuant to this Section 5(a), provided that any failure to give any such notice shall not affect the validity or effectiveness of any such filing. 
  
 (b) Indemnification and Expenses. The Grantor agrees
to pay, and to save the Bank harmless from, any and all liabilities and reasonable costs and expenses (including, without limitation, reasonable legal fees and expenses) (i) with respect to, or resulting from, any delay by the Grantor in
complying with any material requirement of law applicable to any of the Borrower Patent and Trademark Collateral, or (ii) in connection with any of the transactions contemplated by this Agreement, provided that such indemnity shall not be
available to the extent that such liabilities, costs and expenses resulted from the gross negligence or willful misconduct of the Bank. In any suit, proceeding or action brought by the Bank under any of the Borrower Patent and Trademark Collateral
for any sum owing thereunder, or to enforce any of the Borrower Patent and Trademark Collateral, the Grantor will save, indemnify and keep the Bank harmless from and against all expense, loss or damage suffered by reason of any defense or
counterclaim raised in any such suit, proceeding or action. 
  

 7 

 (c) Maintenance of Records. (i) The Grantor will keep and maintain at its own
cost and expense reasonably satisfactory and complete records of the Collateral, and shall mark such records to evidence this Agreement and the Liens and the security interests created hereby. For the Bank’s further security, the Bank shall
have a security interest in all of the Grantor’s books and records pertaining to the Borrower Patent and Trademark Collateral, and the Grantor shall permit the Bank or its representatives to review such books and records upon reasonable advance
notice during normal business hours at the location where such books and records are kept and at the reasonable request of the Bank. 
  
 (d) Right of Inspection. Upon reasonable advance notice to the Grantor and at reasonable intervals, the Bank and its respective
representatives shall have reasonable access during normal business hours to all the books, correspondence and records of the Grantor, and the Bank and its respective representatives may examine the same, and to the extent reasonable take extracts
therefrom and make photocopies thereof, and the Grantor agrees to render to the Bank, at the Grantor’s reasonable cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. 
  
 (e) Compliance with Laws, etc. The Grantor will
comply in all material respects with all requirements of law applicable to the Borrower Patent and Trademark, Collateral or any part thereof, except to the extent that the failure to so comply would not be reasonably expected to materially adversely
affect in the aggregate the Bank’s rights, hereunder, the priority of its Liens on the Borrower Patent and Trademark Collateral or the value of the Borrower Patent and Trademark Collateral. 
  
 (f) Further Identification of Borrower Patent and
Trademark Collateral: The Grantor will furnish to the Bank from time to time such statements and schedules further identifying and describing the Borrower Patent and Trademark Collateral, and such other reports in connection with the Borrower
Patent and Trademark Collateral, as the Bank may reasonably request, all in reasonable detail. 
  
 (g) Security Interest in Any Newly Acquired Borrower Patent and Trademark Collateral. The Grantor agrees that should it obtain an
ownership interest in any Trademark, Patent, Trademark License or Patent License which is not now a part of the Borrower Patent and Trademark Collateral, (i) the provisions of Section 2 shall automatically apply thereto, (ii) any such
Trademark, Patent, Trademark License and Patent License shall automatically become part of the Borrower Patent and Trademark Collateral, and (iii) with respect to any ownership interest in any Trademark, Patent, Trademark License or Patent
License that the Grantor should obtain which the Grantor reasonably deems is material to its business, it shall give notice thereof to the Bank in writing, in reasonable detail, within 30 days after acquiring such ownership interest. The Grantor
authorizes the Bank to modify this Agreement by amending Schedules I and II (and will cooperate reasonably with the Bank in effecting any such amendment) to include on Schedule I any Trademark and Trademark License and on Schedule II any Patent or
Patent License of which it receives notice under this Section. 
  

 8 

 (h) Maintenance of the Trademark Collateral. The Grantor agrees to take all
necessary steps, including, without limitation, in the United States Patent and Trademark Office or in any court, to (i) maintain each trademark registration and each Trademark License identified on Schedule I hereto, and (ii) pursue each
trademark application now or hereafter identified in Schedule I hereto, including, without limitation, the filing of responses to office actions issued by the United States Patent and Trademark Office, the filing of applications for renewal, the
filing of affidavits under Sections 8 and 15 of the United States Trademark Act, and the participation in opposition, cancellation, infringement and misappropriation proceedings, except, in each case in which the Grantor has reasonably determined
that any of the foregoing is not of material economic value to it. The Grantor agrees to take corresponding steps with respect to each new or acquired trademark registration, trademark application or any rights obtained under any Trademark License,
in each case, which it is now or later becomes entitled, except in each case in which the Grantor has reasonably determined that any of the foregoing is not of material economic value to it. Any expenses incurred in connection with such activities
shall be borne by the Grantor. 
  
 (i)
Maintenance of the Patent Collateral. The Grantor agrees to take all necessary steps, including, without limitation, in the United States Patent and Trademark Office or in any court, to (i) maintain each Patent and each Patent License
identified on Schedule II hereto, and (ii) pursue each patent application, now or hereafter identified in Schedule II hereto, including, without limitation, the filing of divisional, continuation, continuation-in-part and substitute
applications, the filing of applications for reissue, renewal or extensions, the payment of maintenance fees, and the participation in interference, reexamination, opposition, infringement and misappropriation proceedings, except in each case in
which the Grantor has reasonably determined that any of the foregoing is not of material economic value to it. The Grantor agrees to take corresponding steps with respect to each new or acquired Patent, patent application, or any rights obtained
under any Patent License, in each case, which it is now or later becomes entitled, except in each case in which the Grantor has reasonably determined that any of the foregoing is not of material economic value to it. Any expenses incurred in
connection with such activities shall be borne by the Grantor. 
  
 (j) Grantor Shall Not Abandon any Borrower Patent and Trademark Collateral. The Grantor shall not abandon any trademark registration, Patent or any pending trademark or patent application, without the written
consent of the Bank, unless the Grantor shall have previously determined that such use or the pursuit or maintenance of such trademark registration, Patent or pending trademark or patent application is not of material economic value to it, in which
case, the Grantor will, at least annually, give notice of any such abandonment to the Bank in writing. 
  
 (k) Infringement of Any Borrower Patent and Trademark Collateral. In the event that the Grantor becomes aware that any item of the
Borrower Patent and Trademark Collateral which the Grantor has reasonably determined to be material to its business is infringed or misappropriated by a third party, the Grantor shall promptly 

  

 9 

 
notify the Bank promptly and in writing, in reasonable detail, and shall take such actions as the Grantor or the Bank deems reasonably appropriate under the
circumstances to protect such Borrower Patent and Trademark Collateral, including, without limitation, suing for infringement or misappropriation and for an injunction against such infringement or misappropriation. Any expense incurred in connection
with such activities shall be borne by the Grantor. The Grantor will advise the Bank promptly and in writing, in reasonable detail, of any adverse determination or the institution of any proceeding (including, without limitation, the institution of
any proceeding in the United States Patent and Trademark Office or any court) regarding any item of the Borrower Patent and Trademark Collateral. 
  
 (l) Limitation on Liens on Borrower Patent and Trademark Collateral. Except for the Permitted Liens, the Grantor will not create,
incur or permit to exist, will defend the Borrower Patent and Trademark Collateral against, and will take such other action as is reasonably necessary to remove, any Lien or material adverse claim on or to any of the Borrower Patent and Trademark
Collateral, other than the liens created by this Agreement, and will defend the right, title and interest of the Bank in and to any of the Borrower Patent and Trademark Collateral against the claims and demands of all persons whomsoever. 

 
 (m) Limitations on Dispositions of Borrower Patent and
Trademark Collateral. Except as permitted pursuant to the Credit Agreement, the Grantor will not sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, the, Borrower Patent and Trademark Collateral, or
attempt, offer or contract to do so. 
  
 (n)
Notices. The Grantor will advise the Bank promptly, in reasonable detail, (i) of any Lien (other than Liens created hereby) on, or material adverse claim asserted against, Patents or Trademarks and (ii) of the occurrence of any
other event which would reasonably be expected in the aggregate to have a material adverse effect on the aggregate value of the Borrower Patent and Trademark Collateral or the Liens created hereunder. 
  
 6. Bank’s Appointment as Attorney-in-Fact. 
  
 (a) Powers. The Grantor hereby irrevocably constitutes and appoints
the Bank, and any officer or 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 the Grantor and in the name of the Grantor or in its own name,
from time to time in the Bank’s discretion, 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, the Grantor hereby gives the Bank the power and right, on behalf of the Grantor, without notice to or assent by the Grantor, to do the following
at any time, and to the extent permitted by law: 
  

 10 

 (i) to execute and deliver any and all agreements, instruments, documents, and papers as the Bank may
reasonably request to evidence the Bank’s security interest in any of the Borrower Patent and Trademark Collateral; 
  
 (ii) in the name of the Grantor or its own name, or otherwise, to take possession of and indorse and collect any checks, drafts, notes, acceptances or
other instruments for the payment of moneys due under any general intangible (to the extent that any of the foregoing constitute Borrower Patent and Trademark Collateral) or with respect to any other Borrower Patent and Trademark Collateral and to
file any claim or to take any other action or institute any proceeding in any court of law or equity or otherwise deemed appropriate by the Bank for the purpose of collecting any and all such moneys due under any such General Intangible or with
respect to any such other Borrower Patent and Trademark Collateral whenever payable; 
  
 (iii) to pay or discharge Liens placed on the Borrower Patent and Trademark Collateral, other than Liens permitted under this Agreement and the Permitted Liens; and 
  
 (iv) (A) to 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 the Bank or as the Bank shall direct; (B) to ask for, or demand, collect, 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 of the Borrower Patent and Trademark Collateral; (C) to sign and indorse 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 Borrower Patent and Trademark Collateral; (D) to commence and prosecute any suits, actions or proceedings at law or in equity in any court of
competent jurisdiction to collect the Borrower Patent and Trademark Collateral or any thereof and to enforce any other right in respect of any Borrower Patent and Trademark Collateral; (E) to defend any suit, action or proceeding brought
against the Grantor with respect to any of the Borrower Patent and Trademark Collateral; (F) to settle, compromise or adjust any suit, action or proceeding described in clause (E) above and, in connection therewith, to give such discharges
or releases as the Bank may deem appropriate; (G) subject to any pre-existing rights or licenses, to assign any Patent or Trademark constituting Borrower Patent and Trademark Collateral (along with the goodwill of the business to which any such
Patent or Trademark pertains), for such term or terms, on such conditions, and in such manner, as the Bank shall in its sole discretion determine; and (H) generally, to sell, transfer,, pledge and make any agreement with respect to or otherwise
deal with any of the Borrower Patent and Trademark Collateral as fully and completely as though the Bank were the absolute owner thereof for all purposes, and to do, at the Bank’s option and the Grantor’s expense, at any time, or from time
to time, all acts and things which the Bank deems necessary to protect, preserve or realize upon the Borrower Patent and Trademark Collateral and the Bank’s Liens thereon and to effect the intent of this Agreement, all as fully and effectively
as the Grantor might do. 
  
 The Grantor hereby ratifies all that said attorneys
shall lawfully do or cause to be done by virtue hereof. This power of attorney is a power coupled with an interest and shall be irrevocable until payment in full of the Obligations. 
  

 11 

 (b) Other Powers. The Grantor also authorizes the Bank, from time to time if an Event of Default
shall have occurred and be continuing, to execute, in connection with any sale provided for in Section 8 hereof, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Borrower Patent and Trademark
Collateral. 
  
 (c) No Duty on the Part of Bank. The powers
conferred on the Bank hereunder are solely to protect the Bank’s interests in the Borrower Patent and Trademark Collateral and shall not impose any duty upon the Bank to exercise any such powers. The Bank shall be accountable only for amounts
that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to the Grantor for any act or failure to act hereunder, except for their own gross
negligence or willful misconduct. 
  
 7. Performance by Bank of
Grantor’s Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Bank, as provided for by the terms of this Agreement, shall itself perform or comply, or otherwise cause performance or
compliance, with such agreement, the reasonable expenses of the Bank incurred in connection with such performance or compliance, together with interest thereon at the rate provided in the Credit Agreement, shall be payable by the Grantor to the Bank
on demand and shall constitute Obligations secured hereby. 
  
 8.
Proceeds. It is agreed that if an Event of Default shall occur and be continuing;, (a) all proceeds of any Borrower Patent and Trademark Collateral received by the Grantor consisting of cash, checks and other near-cash items shall be
held by the Grantor in trust for the Bank, segregated from other funds of the Grantor, and at the request of the Bank shall, forthwith upon receipt by the Grantor, be turned over to the Bank in the exact form received by the Grantor (duly indorsed
by the Grantor to the Bank, if required by the Bank) and (b) any and all such proceeds received by the Bank (whether from the Grantor or otherwise) may, in the sole discretion of the Bank, be held by the Bank as collateral security for the
Obligations (whether matured or unmatured) and/or then or at any time thereafter may be applied by the Bank against, the Obligations then due and owing. Any balance of such proceeds remaining after the payment in full of the Obligations shall be
paid over to the Grantor or to whomsoever may be lawfully entitled to receive the same. 
  
 9. Remedies. If an Event of Default shall occur and be continuing, the Bank may exercise all rights and remedies of a secured party under the Code, and, to the extent permitted by law, all other rights and
remedies granted to it in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations. Without limiting the generality of the foregoing, the Bank, without demand of performance or other demand,
presentment, protest, advertisement or notice of any kind (except any notice required by law referred to bellow) to or upon the Grantor or any other person (all and each of which demands, defenses, advertisements and notices are hereby waived) may
in such circumstances, to the extent permitted by law, forthwith collect, receive, appropriate and realize upon the Borrower Patent and Trademark Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to
purchase, or otherwise dispose of and deliver the Borrower Patent and Trademark Collateral or any part thereof (or contract to do any of the foregoing) in one or more parcels at public or private sale or sales, at any exchange, broker’s board
or office of the Bank or 

  

 12 

 
elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery
without assumption of any credit risk. The Bank shall have the right, to the extent permitted by law, upon any such sale or sales, to purchase the whole or any part of the Borrower Patent and Trademark Collateral so sold, free of any right or equity
of redemption in the Grantor, which right or equity is hereby waived or released. The Grantor further agrees, at the Bank’s request, upon the occurrence and during the continuance of an Event of Default, to assemble the Borrower Patent and
Trademark Collateral and make it available to the Bank at places which the Bank shall reasonably select, whether at the Grantor’s premises or elsewhere. In the event of any sale, assignment, or other disposition of any of the Borrower Patent
and Trademark Collateral, the goodwill of the business connected with and symbolized by any Trademark Collateral subject to such disposition shall be included, and the Grantor shall supply to the Bank or its designee the Grantor’s know-how and
expertise relating to the Borrower Patent and Trademark Collateral subject to such disposition, and the Grantor’s notebooks, studies, reports, records, documents and things embodying the same or relating to the inventions, processes or ideas
covered by, and to the manufacture of any products under or in connection with, the Borrower Patent and Trademark Collateral subject to such disposition, and the Grantor’s customer’s lists, studies and surveys and other records and
documents relating to the distribution, marketing, advertising and sale of products relating to the Borrower Patent and Trademark Collateral subject to such disposition. The Bank shall apply the net proceeds of any such collection, recovery,
receipt, appropriation, realization or sale, after deducting all reasonable costs and expenses of every kind incurred therein or incidental to the care or safekeeping of any of the Borrower Patent and Trademark Collateral or in any way relating to
the Borrower Patent and Trademark Collateral or the rights of the Bank, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations then due and owing, and only after such
application and after the payment by the Bank of any other amount required by any provision of law, need the Bank account for the surplus, if any, to the Grantor. To the extent permitted by applicable law, the Grantor waives all claims, damages and
demands it may acquire against the Bank arising out of the repossession, retention or sale of the Borrower Patent and Trademark Collateral, other than any such claims, damages and demands that may arise from the gross negligence or willful
misconduct of the Bank. If any notice of a proposed sale or other disposition of Borrower Patent and Trademark Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other
disposition. The Grantor shall remain liable for any. deficiency if the proceeds of any sale or other disposition of the Borrower Patent and Trademark Collateral are insufficient to pay the then outstanding Obligations, including the reasonable fees
and disbursements of any attorneys employed by the Bank to collect such deficiency. 
  
 10. Limitation on Duties Regarding Preservation of Borrower Patent and Trademark Collateral. The Bank’s sole duty with respect to the custody, safekeeping and physical preservation of the Borrower Patent
and Trademark Collateral in its possession, shall be to deal with it in the same manner as the Bank deals with similar property for its own account. Neither the Bank nor any of its directors, officers, employees or agents shall be liable for failure
to demand, collect or realize upon all or any part of the Borrower Patent and Trademark Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Borrower Patent and Trademark Collateral upon the
request of the Grantor or any other person. 
  

 13 

 11. Powers Coupled with an Interest. All authorizations and agencies herein contained with respect
to the Borrower Patent and Trademark Collateral are powers coupled with an interest and are irrevocable until payment in full of the Obligations. 
  
 12. 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. 
  
 13. Section Headings. The
Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
  
 14. No Waiver; Cumulative Remedies. The Bank shall not by any act (except by a written instrument pursuant to
Section 15 hereof), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Event of Default or in any breach of any of the terms and conditions hereof. No failure to
exercise, nor any delay in exercising, on the part of the Bank, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further
exercise thereof or the exercise of any other right, power or privilege. A waiver by the Bank of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Bank would otherwise have one any
future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any rights or remedies provided by law. 
  
 15. Waivers and Amendments; Successors and Assigns. None of the terms or provisions of this Agreement may be waived,
amended, supplemented or otherwise modified except by a written instrument executed by the Grantor and the Bank. This Agreement shall be binding upon the successors and assigns of the Grantor and shall inure to the benefit of the Bank and its
successors and assigns, except that the Grantor may not assign, transfer or delegate; any of its rights or obligations under this Agreement without the prior written consent of the Bank. 
  
 16. Notices. All notices, requests and demands to or upon the respective parties hereto shall be made in accordance
with the Credit Agreement. 
  
 17. GOVERNING LAW. THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF MICHIGAN WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS THEREOF. 
  
 18. Release of Collateral and Termination. At such time as the payment in full of the Obligations, the Borrower
Patent and Trademark Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Bank hereunder shall terminate, all without delivery of
any 

  

 14 

 
instrument or performance of any act by any party, and all rights to the Borrower Patent and Trademark Collateral shall revert to the Grantor. 
  
 19. Waiver of Jury Trial. The Grantor hereby waives any right to trial
by jury in the event of litigation regarding the performance or enforcement of, or in any way related to, this Agreement. 
  
 IN WITNESS WHEREOF, the Grantor has caused this Agreement to be duly executed and delivered as of the date first above written. 
  

			
	AMERIGON INCORPORATED, a Michigan Corporation
		
	By:	 	 /s/ D. R. Coker

	Title	 	: President & CEO

  

 15 

 Schedule I 
  

TRADEMARKS AND TRADEMARK LICENSES 
  
 U.S. Trademarks 
  

 16 

 TRADEMARKS 
  
 U.S. and Foreign Trademarks 
  

																			
	 Case Number

	  	Trademark Name

	  	Class

	  	Country

	  	Status

	  	 Application
 Number

	  	 Filing
 Date

	  	 Reg
 Number

	  	Reg Date

	  	 Renewal
 Date

	AMERGN.018T	  	CCS	  	11	  	US	  	Registered	  	75/478133	  	4/30/98	  	2376532	  	8/15/2000	  	8/15/2010
										
	AMERGN.019T	  	CLIMATE
CONTROL
SEAT	  	11	  	US	  	Registered	  	75/478132	  	4/30/98	  	2495253	  	10/9/01	  	10/9/11
										
	AMERGN.019WEU	  	CLIMATE
CONTROL
SEAT	  	11	  	EU	  	Registered	  	2412294	  	10/16/01	  	2412294	  	1/3/03	  	10/16/11
										
	AMERGN.026T	  	AMERGN	  	9,11,12	  	US	  	Registered	  	75/496034	  	6/4/1998	  	2426039	  	2/06/01	  	2/6/11
										
	AMERGN.039T	  	MTM	  	11	  	US	  	Registered	  	76/351700	  	12/21/01	  	2875275	  	8/17/04	  	8/17/2014
										
	AMERGN.039WCA	  	MTM	  	11	  	CA	  	Published	  	1144250	  	6/18/02	  	 	  	 	  	 
										
	AMERGN.039WCN	  	MTM	  	11	  	CN	  	Pending	  	3216134	  	6/19/02	  	 	  	 	  	 
										
	AMERGN.039WEU	  	MTM	  	11	  	EU	  	Published	  	2738938	  	6/18/02	  	 	  	 	  	 
										
	AMERGN.039WJP	  	MTM	  	11	  	JP	  	Registered	  	2002-51840	  	6/21/02	  	4634473	  	1/10/03	  	1/10/13
										
	AMERGN.039WKR	  	MTM	  	11	  	KR	  	Registered	  	40200228824	  	6/21/02	  	0570527	  	1/2/04	  	1/2/14
										
	AMERGN.039WMX	  	MTM	  	11	  	MX	  	Registered	  	553093	  	6/21/02	  	840976	  	7/9/04	  	 
										
	AMERGN.040WCN	  	MICRO
THERMAL
MODULE	  	11	  	CN	  	Registered	  	3216133	  	6/19/02	  	3216133	  	10/14/03	  	10/13/13

 Schedule II 
  
 PATENTS AND PATENT LICENSES 
  
 U.S. Patents 
  

	I.	PATENTS 

  

	I.	PATENTS IN THE APPLICATION PROCESS 

 PATENTS AND PATENT LICENSES 
  
 U.S. AND FOREIGN 
  

	I.	PATENTS 

  

															
	 Case
 Number

	 	 Title of Invention

	  	Country

	  	Status

	  	 Application
 Number

	  	 File
 Number

	  	 Patient
 Number

	  	 Issue
 Date

	AMERGN.001A	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	US	  	Issued	  	09/027996	  	2/23/98	  	606958	  	5/30/00
								
	AMERGN.001CP1	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	US	  	Issued	  	09/106238	  	6/29/98	  	6380883	  	4/30/02
								
	AMERGN.001CP2	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	US	  	Issued	  	09/169679	  	10/9/98	  	6400308	  	6/4/02
								
	AMERGN.001CP4	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	US	  	Issued	  	09/253468	  	2/19/99	  	6232910	  	5/15/01
								
	AMERGN.006A	 	VARIABLE TEMPERATURE SEAT	  	US	  	Issued	  	08/156562	  	11/22/93	  	5597200	  	1/28/97
								
	AMERGN.006VDE	 	VARIABLE TEMPERATURE SEAT	  	DE	  	Issued	  	95902674.1	  	11/21/94	  	69428709.1	  	10/17/2001
								
	AMERGN.006VEP	 	VARIABLE TEMPERATURE SEAT	  	EP	  	Issued	  	95902674.1	  	11/21/94	  	0730422	  	 
								
	AMERGN.006VFR	 	VARIABLE TEMPERATURE SEAT	  	FR	  	Issued	  	95902674.1	  	11/21/94	  	0730422	  	 
								
	AMERGN.006VGB	 	VARIABLE TEMPERATURE SEAT	  	GB	  	Issued	  	95902674.1	  	11/21/94	  	0730422	  	1/10/03
								
	AMERGN.006VIN	 	VARIABLE TEMPERATURE SEAT	  	IN	  	Issued	  	926/DEL/95	  	5/23/95	  	191107	  	1/2/04
								
	AMERGN.006VIT	 	VARIABLE TEMPERATURE SEAT	  	IT	  	Issued	  	95902674.1	  	11/21/94	  	0730422	  	7/9/04
								
	AMERGN.006VSE	 	VARIABLE TEMPERATURE SEAT	  	SE	  	Issued	  	95902674.1	  	11/21/94	  	0730422	  	10/14/03
								
	AMERGN.006VSG	 	VARIABLE TEMPERATURE SEAT	  	SG	  	Issued	  	9608326-6	  	11/21/94	  	46686	  	5/25/1999
								
	AMERGN.007CP1	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	US	  	Issued	  	08/288459	  	8/10/94	  	5626021	  	5/6/1997
								
	AMERGN.007QCN	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	CN	  	Issued	  	95194981.0	  	8/10/95	  	ZL95194981.0	  	3/31/2004
								
	AMERGN.007QDE	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	DE	  	Issued	  	95928827.5	  	8/10/95	  	69523606.7	  	10/31/2001
								
	AMERGN.007QEP	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	EP	  	Issued	  	95928827.5	  	8/10/95	  	0775284	  	10/31/2001
								
	AMERGN.007QFR	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	FR	  	Issued	  	95928827.5	  	8/10/95	  	0775284	  	10/31/2001
								
	AMERGN.007QGB	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	GB	  	Issued	  	95928827.5	  	8/10/95	  	0775284	  	10/31/2001
								
	AMERGN.007QIT	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	IT	  	Issued	  	95928827.5	  	8/10/95	  	0775284	  	10/31/2001
								
	AMERGN.007QKR	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	KR	  	Issued	  	97-700870	  	8/10/95	  	0372088	  	1/29/2003
								
	AMERGN.007QSE	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	SE	  	Issued	  	9598827.5	  	8/10/95	  	0775284	  	10/31/2001

															
	AMERGN.007RA	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	US	  	Issued	  	09/096226	  	6/11/98	  	RE38128	  	6/3/2003
	AMERGN.007VDE	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	DE	  	Issued	  	95902641.0	  	11/17/94	  	69425156.9	  	7/5/2000
								
	AMERGN.007VEP	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	EP	  	Issued	  	95902641.0	  	11/17/94	  	0730720	  	7/5/2000
								
	AMERGN.007VFR	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	FR	  	Issued	  	95902641.0	  	11/17/94	  	0730720	  	7/5/2000
								
	AMERGN.007VGB	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	GB	  	Issued	  	95902641.0	  	11/17/94	  	0730720	  	7/5/2000
								
	AMERGN.007VIN	 	SYSTEM FOR CONTROLLING THE TEMPERATURE CLIMATE IN A VARIABLE TEMPERATURE OCCUPANT SEAT	  	IN	  	Issued	  	191193	  	5/23/95	  	191193	  	5/6/04
								
	AMERGN.007VIT	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	IT	  	Issued	  	95902641.0	  	11/17/94	  	0730720	  	7/5/2000
								
	AMERGN.007VSE	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	SE	  	Issued	  	95902641.0	  	11/17/94	  	0730720	  	7/5/2000
								
	AMERGN.007VSG	 	VARIABLE TEMPERATURE SEAT CLIMATE CONTROL SYSTEM	  	SG	  	Issued	  	9608523-8	  	11/17/94	  	49265	  	3/20/2001
								
	AMERGN.008DCP1	 	INERTIAL MASS SAFETY SYSTEM ACTIVATION OF A SEAT BELT RESTRAINT SYSTEM IN PERSONAL VEHICLES	  	US	  	Issued	  	08/171119	  	12/21/93	  	5518271	  	5/21/06
								
	AMERGN.016A	 	THERMOELECTRIC HEAT EXCHANGER	  	US	  	Issued	  	09/076518	  	5/12/98	  	6119463	  	9/19/00
								
	AMERGN.016C1	 	THERMOELECTRIC HEAT EXCHANGER	  	US	  	Issued	  	09/428018	  	10/27/99	  	6223539	  	5/1/01
								
	AMERGN.016VCN	 	THERMOELECTRIC HEAT EXCHANGER	  	CN	  	Issued	  	99807732.1	  	5/12/99	  	ZL99807732	  	10/22/03
								
	AMERGN.016VDE	 	SEAT WITH THERMOELECTRIC HEAT EXCHANGER	  	DE	  	Issued	  	99925590.4	  	5/12/99	  	1076797	  	5/12/2004
								
	AMERGN.016VEP	 	SEAT WITH THERMOELECTRIC HEAT EXCHANGER	  	EP	  	Issued	  	99925590.4	  	5/12/99	  	1076797	  	5/12/2004
								
	AMERGN.016VES	 	SEAT WITH THERMOELECTRIC HEAT EXCHANGER	  	ES	  	Issued	  	99925590.4	  	5/12/99	  	1076797	  	5/12/2004
								
	AMERGN.016VFR	 	SEAT WITH THERMOELECTRIC HEAT EXCHANGER	  	FR	  	Issued	  	99925590.4	  	5/12/99	  	1076797	  	5/12/2004
								
	AMERGN.016VGB	 	SEAT WITH THERMOELECTRIC HEAT EXCHANGER	  	GB	  	Issued	  	99925590.4	  	5/12/99	  	1076797	  	5/12/2004
								
	AMERGN.016VIT	 	SEAT WITH THERMOELECTRIC HEAT EXCHANGER	  	IT	  	Issued	  	99925590.4	  	5/12/99	  	1076797	  	5/12/2004
								
	AMERGN.037A	 	FLEXIBLE THERMOELECTRIC CIRCUIT	  	US	  	Issued	  	09/987804	  	11/5/01	  	6700052	  	3/2/2004
								
	AMERGN.16C2CP1	 	THERMOELECTRIC HEAT EXCHANGER	  	US	  	Issued	  	09/971539	  	10/2/01	  	660866	  	8/19/2003

  
 The
company is a joint owner with Honda Motor Co. of two U.S. patents. 

	II.	APPLICATIONS 

  

															
	 Case
 Number

	 	 Title of Invention

	  	Country

	  	Status

	  	Application
Number

	  	Filing
Number

	  	Patient
Number

	  	Issue
Date

	AMERGN.001PEP	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	EP	  	Pending	  	99914880.2	  	2/19/99	  	 	  	 
								
	AMERGN.001PJP	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	JP	  	Pending	  	2000-532738	  	2/19/99	  	 	  	 
								
	AMERGN.001PKR	 	HIGH PERFORMANCE VEHICLE RADAR SYSTEM	  	KR	  	Pending	  	7009238/2000	  	2/19/99	  	 	  	 
								
	AMERGN.006RA	 	VARIABLE TEMPERATURE SEAT	  	US	  	Pending	  	09/239054	  	1/27/99	  	 	  	 
								
	AMERGN.006RAC2	 	VARIABLE TEMPERATURE SEAT	  	US	  	Pending	  	09/996439	  	11/28/01	  	 	  	 
								
	AMERGN.006VJP	 	VARIABLE TEMPERATURE SEAT	  	JP	  	Pending	  	515205/1995	  	11/21/94	  	 	  	 
								
	AMERGN.007QJP	 	VARIABLE TEMPERATURE CLIMATE CONTROL SYSTEM	  	JP	  	Pending	  	507540/1996	  	8/10/95	  	 	  	 
								
	AMERGN.007QPH	 	VARIABLE TEMPERATURE CLIMATE CONTROL SYSTEM	  	PH	  	Pending	  	1/55550	  	2/12/97	  	 	  	 
								
	AMERGN.007RAC2	 	VARIABLE TEMPERATURE CLIMATE CONTROL SYSTEM	  	US	  	Pending	  	10/264348	  	10/3/02	  	 	  	 
								
	AMERGN.007VJP	 	VARIABLE TEMPERATURE CLIMATE CONTROL SYSTEM	  	JP	  	Pending	  	515171/1995	  	11/17/94	  	 	  	 
								
	AMERGN.011VIN	 	A HEAT TRANSFER APPARATUS (AMENDED PER FA FAX OF 1/29/04)	  	IN	  	Published	  	193986	  	11/15/95	  	 	  	 
								
	AMERGN.016VJP	 	THERMOELECTRIC HEAT EXCHANGER	  	 	  	Pending	  	2000-548669	  	5/12/99	  	 	  	 
								
	AMERGN.016VR1EP	 	THERMOELECTRIC HEAT EXCHANGER	  	 	  	Published	  	04006634.2	  	5/12/99	  	 	  	 
								
	AMERGN.048A	 	CLIMATE CONTROLLED SEAT	  	 	  	Pending	  	10/853779	  	5/12/99	  	 	  	 
								
	AMERGN.053A	 	APPARATUS FOR PROVIDING FLUID THROUGH A VEHICLE SEAT	  	 	  	Pending	  	10/973947	  	10/25/04	  	 	  	 
								
	AMERGN.054A	 	CONTROL SYSTEM FOR THERMAL MODULE IN VEHICLE	  	 	  	Pending	  	11/047077	  	1/31/05	  	 	  	 
								
	AMERGN.054PR	 	CONTROL SYSTEM FOR THERMAL MODULE IN VEHICLE	  	 	  	Pending	  	60/637725	  	12/20/04	  	 	  	 
								
	AMERGN.16CCPC1	 	THERMOELECTRIC HEAT EXCHANGER	  	 	  	Published	  	10/608807	  	6/27/03	  	 	  	 

  
 The
Company is a joint owner with Honda Motor Co. of one Japanese patent and four Japanese patent applications. 

 Schedule III 
  
 CONSENTS 
  
 Consents

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}]]