Document:

exv10w7

Exhibit 10.7

Execution Version

PATENT SECURITY AGREEMENT

          This PATENT SECURITY AGREEMENT (this “Agreement”), dated as of May 18, 2011 is entered
into between MONEYGRAM PAYMENT SYSTEMS, INC., a Delaware Corporation (“Grantor”), and BANK
OF AMERICA, N.A., as Collateral Agent for the benefit of the Secured Parties (the “Collateral
Agent”).

W I T N E S S E T H:

     WHEREAS, Grantor has entered into that certain Credit Agreement dated as of even date herewith
by and among MoneyGram International, Inc. (“Holdco”), the Borrower, the Administrative
Agent and the financial institutions so designated on the Commitment Schedule thereto (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”);

     WHEREAS, Grantor has entered into that certain Security Agreement of even date herewith (as
amended, restated, amended and restated, modified or supplemented from time to time, the
“Security Agreement”) with the Collateral Agent, for the benefit of the Secured Parties,
pursuant to which Grantor has granted to the Collateral Agent a security interest in substantially
all the assets of Grantor, including all right, title and interest of Grantor in, to and under all
now owned and hereafter acquired Patents, and all proceeds thereof, to secure the payment of the
Secured Obligations;

     WHEREAS, capitalized terms used but not defined herein are used in the manner provided in the
Security Agreement and the Credit Agreement, as applicable;

     WHEREAS, Grantor owns the registered and pending Patents listed on Schedule 1 annexed
hereto; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Grantor does hereby grant to the Collateral Agent, for the benefit of the
Secured Parties, a continuing security interest in all of Grantor’s right, title and interest in,
to and under the following (all of the following items or types of property being herein
collectively referred to as the “Patent Collateral”), whether presently existing or
hereafter created or acquired:

	 	(1)	 	each Patent, including without limitation, each registered and pending Patent
referred to in Schedule 1 annexed hereto, together with any reissues,
continuations or extensions thereof; and
	 
	 	(2)	 	all proceeds of the foregoing, including, without limitation, any claim by
Grantor against third parties for past, present or future infringement of any Patent,
including, without limitation, any registered and pending Patent referred to in
Schedule 1 annexed hereto.

 

 

     The security interests are granted in furtherance, and not in limitation, of the security
interests granted to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the
Security Agreement. Grantor hereby acknowledges and affirms that the rights and remedies of
Collateral Agent with respect to the security interest in the Patent Collateral made and granted
hereby are more fully set forth in the Security Agreement, the terms and provisions of which are
incorporated by reference herein as if fully set forth herein. In the event of any conflict
between the terms of this Agreement and the Security Agreement, the terms of the Security Agreement
shall govern.

     This Agreement shall be construed in accordance with and governed by the laws of the State of
New York.

     The Grantor hereby irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County and of the United States District Court of the Southern District of New York, and any
appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby
irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding
may be heard and determined in such New York State or, to the extent permitted by law, in such
Federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law.

     Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or hereafter have to
the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement
in any court referred to in the foregoing paragraph. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

[Signature Page Follows]

2

 

     IN WITNESS WHEREOF, Grantor has caused this Patent Security Agreement to be duly executed by
its duly authorized officer thereunto as of the date first written above.

	 	 	 	 	 
	 	MONEYGRAM PAYMENT SYSTEMS, INC., as

Grantor

 	 
	 	By:  	/s/ James E. Shields
 	 
	 	 	Name:  	James E. Shields 	 
	 	 	Title:  	Executive Vice President

and Chief Financial Officer 	 
	 

[Signature Page to MPSI Patent Security Agreement]

 

 

Acknowledged:

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Collateral

Agent for the benefit of the Secured

Parties

 	 
	 	By:  	/s/ Adam Cady
 	 
	 	 	Name:  	Adam Cady 	 
	 	 	Title:  	Managing Director 	 
	 

[Signature Page to MPSI Patent Security Agreement]

 

 

Schedule 1

PATENTS:

	 	 	 	 	 	 	 	 	 	 	 
	Title	 	Owner	 	 	Pat. No.	 	 	Issue Date	 	Country
	Apparatus for Dispensing Money 

Orders

	 	MoneyGram Payment
Systems Inc.
	 	 	5,014,212	 	 	5/7/1991
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 
	System and Apparatus for
Dispensing Negotiable Instruments

	 	MoneyGram Payment
Systems Inc.
	 	 	5,119,293	 	 	6/2/1992
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 
	Apparatus for Dispensing Money 

Orders

	 	MoneyGram Payment
Systems Inc.
	 	 	5,369,709	 	 	11/29/1994
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 
	Apparatus for Dispensing Money 

Orders

	 	MoneyGram Payment
Systems Inc.
	 	 	5,377,271	 	 	12/27/1994
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 
	Method and Apparatus for
Dispending Money Orders Including
Means to Detect Money Orders

	 	MoneyGram Payment
Systems Inc.
	 	 	5,492,423	 	 	2/20/1996
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 
	Apparatus for Dispensing Money 

Orders

	 	MoneyGram Payment
Systems Inc.
	 	 	5,570,960	 	 	11/519/96
	 	USA

PATENT APPLICATIONS:

	 	 	 	 	 	 	 	 	 
	Patent Applications	 	Owner	 	App. No.	 	Filing Date	 	Country
	Payment Instrument Printing and
Processing Method and Apparatus

	 	MoneyGram Payment
Systems, Inc.
	 	10/011,695
	 	12/7/2001
	 	USA
	 
	 	 	 	 	 	 	 	 
	Methods and Apparatus for
Secure Printing of Negotiable
Instruments

	 	MoneyGram Payment
Systems, Inc.
	 	10/192,074
	 	7/9/2002
	 	USA
	 
	 	 	 	 	 	 	 	 
	Special Purpose Entity for
Holders of Financial
Instruments

	 	MoneyGram Payment
Systems, Inc. *
	 	10/308,692
	 	12/3/2002
	 	USA
	 
	 	 	 	 	 	 	 	 
	Network Configuration Using 

Scannable Token

	 	MoneyGram Payment
Systems, Inc.
	 	10/452,525
	 	6/2/2003
	 	USA
	 
	 	 	 	 	 	 	 	 
	System and Method for Managing
Virtual Inventory of Payment
Instruments

	 	MoneyGram Payment
Systems, Inc.
	 	10/611,081
	 	7/1/2003
	 	USAexv10w8

Exhibit 10.8

Execution Version

TRADEMARK SECURITY AGREEMENT

          This TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of May 18, 2011 is
entered into between MONEYGRAM INTERNATIONAL, INC., a Delaware corporation (“Grantor”), and
BANK OF AMERICA, N.A., as Collateral Agent for the benefit of the Secured Parties (the
“Collateral Agent”).

W I T N E S S E T H:

     WHEREAS, Grantor has entered into that certain Credit Agreement dated as of even date herewith
by and among MoneyGram International, Inc. (“Holdco”), the Borrower, the Administrative
Agent and the financial institutions so designated on the Commitment Schedule thereto (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”);

     WHEREAS, Grantor has entered into that certain Security Agreement of even date herewith (as
amended, restated, amended and restated, modified or supplemented from time to time, the
“Security Agreement”) with the Collateral Agent, for the benefit of the Secured Parties,
pursuant to which Grantor has granted to the Collateral Agent a security interest in substantially
all the assets of Grantor, including all right, title and interest of Grantor in, to and under all
now owned and hereafter acquired Trademarks, together with the goodwill of the business symbolized
by Grantor’s Trademarks, and all proceeds thereof, to secure the payment of the Secured
Obligations;

     WHEREAS, capitalized terms used but not defined herein are used in the manner provided in the
Security Agreement and the Credit Agreement, as applicable;

     WHEREAS, Grantor owns the registered and pending Trademarks listed on Schedule 1
annexed hereto; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Grantor does hereby grant to the Collateral Agent, for the benefit of the
Secured Parties, a continuing security interest in all of Grantor’s right, title and interest in,
to and under the following (all of the following items or types of property being herein
collectively referred to as the “Trademark Collateral”), whether presently existing or
hereafter created or acquired:

	 	(1)	 	each Trademark, including without limitation, each registered and pending
Trademark referred to in Schedule 1 annexed hereto, together with any reissues,
continuations or extensions thereof, and all of the goodwill of the business connected
with the use of, and symbolized by, each Trademark; and
	 
	 	(2)	 	all proceeds of the foregoing, including, without limitation, any claim by
Grantor against third parties for past, present or future (a) infringement of any
Trademark,

 

	 	 	 	including, without limitation, any registered and pending Trademark referred to in
Schedule 1 annexed hereto, or (b) injury to the goodwill associated with any
Trademark.

     The security interests are granted in furtherance, and not in limitation, of the security
interests granted to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the
Security Agreement. Grantor hereby acknowledges and affirms that the rights and remedies of the
Collateral Agent with respect to the security interest in the Trademark Collateral made and granted
hereby are more fully set forth in the Security Agreement, the terms and provisions of which are
incorporated by reference herein as if fully set forth herein. In the event of any conflict
between the terms of this Agreement and the Security Agreement, the terms of the Security Agreement
shall govern.

     This Agreement shall be construed in accordance with and governed by the laws of the State of
New York.

     The Grantor hereby irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County and of the United States District Court of the Southern District of New York, and any
appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby
irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding
may be heard and determined in such New York State or, to the extent permitted by law, in such
Federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law.

     Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or hereafter have to
the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement
in any court referred to in the foregoing paragraph. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

[Signature Page Follows]

2

 

     IN WITNESS WHEREOF, Grantor has caused this Trademark Security Agreement to be duly executed
by its duly authorized officer thereunto as of the date first written above.

	 	 	 	 	 
	 	MONEYGRAM INTERNATIONAL, INC.

 	 
	 	By:  	/s/ James E. Shields
 	 
	 	 	Name:  	James E. Shields 	 
	 	 	Title:  	Executive Vice President
and 
Chief Financial Officer 	 
	 

Acknowledged:

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Collateral

Agent for the benefit of the Secured
Parties

 	 
	 	By:  	/s/ Adam Cady
 	 
	 	 	Name:  	Adam Cady 	 
	 	 	Title:  	Managing Director 	 
	 

[Signature Page to Trademark Security Agreement]

 

SCHEDULE 1

TRADEMARKS/TRADEMARKS PENDING:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	App/Reg	 	 
	Trademark	 	Owner	 	Country	 	Status	 	Number	 	App/Reg. Date
	ACH COMMERCE, LLC

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3903072	 	 	1/11/2011
	AGENTCONNECT

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3269281	 	 	7/24/2007
	DELTA

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 1886302	 	 	3/28/1995
	DELTA

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 1827301	 	 	3/22/1994
	DELTA NETWORK

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2162480	 	 	6/2/1998
	DELTA T3

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2933965	 	 	3/15/2005
	DELTAWORKS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2616732	 	 	9/10/2002
	DESIGN ONLY

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Pending, ITU
	 	 78/838663	 	 	3/16/2006
	DESIGN ONLY+

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2554866	 	 	4/2/2002
	DOLLARPAY

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2673305	 	 	1/7/2003
	FLASH ACCESS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2624661	 	 	9/24/2002
	FLASH PAY

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 1964531	 	 	3/26/1996
	FORMFREE

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3352492	 	 	12/11/2007
	HELPING PEOPLE
AND BUSINESSES BY
DELIVERING
AFFORDABLE,
RELIABLE AND
CONVENIENT
FINANCIAL SERVICES

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3148063	 	 	9/26/2006
	MONEYGRAM

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 2127954	 	 	1/13/1998
	MONEYGRAM

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3367799	 	 	1/15/2008
	MONEYGRAM
INTERNATIONAL

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3261937	 	 	7/10/2007
	MONEYGRAM
INTERNATIONAL &
DESIGN

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3261998	 	 	7/10/2007
	MONEYGRAM REWARDS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Pending, ITU
	 	 77/340868	 	 	11/30/2007
	MONEYSAFE. 

MONEYFAST.
MONEYGRAM.

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 3063763	 	 	2/28/2006

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	App/Reg	 	 
	Trademark	 	Owner	 	Country	 	Status	 	Number	 	App/Reg. Date
	PAYBYSUITE

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	3276899	 	 	8/7/2007
	POWERED BY
MONEYGRAM WEB
SERVICES & DEVICE

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Pending, ITU
	 	 	78/542638	 	 	1/5/2005
	PRIMELINK

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	2678114	 	 	1/21/2003
	PRIMELINK

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	2707241	 	 	4/15/2003
	PRIMELINK PLUS &
DESIGN

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	2864883	 	 	7/20/2004
	PRIMELINKPLUS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	2541717	 	 	12/2/2008
	PRIMELINKPLUS &
DESIGN

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	2853565	 	 	6/15/2005
	TRAVELERS EXPRESS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	1138919	 	 	8/19/1980
	TRAVELERS EXPRESS
& DESIGN

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	1592313	 	 	4/17/1990
	PRIMELINKPLUS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Registered
	 	 	3541717	 	 	12/02/2008
	THE POWER TO
CHANGE THE WAY YOU
SEND MONEY

	 	MoneyGram
International, Inc.
	 	U.S. Fed
	 	Registered
	 	 	3716068	 	 	11/24/2009
	MONEYGRAM REWARDS

	 	MoneyGram
International, Inc.
	 	U.S. Fed
	 	Registered
	 	 	3517922	 	 	10/14/2008
	THE POWER IS IN
YOUR HANDS

	 	MoneyGram
International, Inc.
	 	U.S. Fed
	 	Registered
	 	 	3562059	 	 	01/13/2009
	PARKINGBRIDGE

	 	MoneyGram
International, Inc.
	 	U.S. Fed
	 	Registered
	 	 	3422602	 	 	05/06/2008
	PROPERTYBRIDGE

	 	MoneyGram
International, Inc.
	 	U.S. Fed
	 	Registered
	 	 	3422601	 	 	05/06/2008
	PROPERTYBRIDGE

	 	MoneyGram
International, Inc.
	 	U.S. Fed
	 	Registered
	 	 	3422600	 	 	05/06/2008
	MATCHTRAC

	 	MoneyGram
International, Inc.
+
	 	U.S. Fed.
	 	Registered
	 	 	3353319	 	 	12/11/2007
	PAYMENT STATION

	 	MoneyGram
International, Inc.
+
	 	U.S. Fed.
	 	Registered
	 	 	3506418	 	 	12/16/2004
	CHOICE IS IN YOUR
HANDS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Pending
	 	 	77/897,295	 	 	12/18/2009
	MONEYGRAM XPRESS

	 	MoneyGram
International, Inc.
	 	U.S. Fed.
	 	Pending
	 	 	85/273,666	 	 	3/22/2011

 

			
	+	 	Due to error in US PTO assignment branch filing, record owner shows as MoneyGram Payment
Solutions, Inc. A corrective filing is in process.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]