Document:

lov-ex102_7.htm

 

Exhibit 10.2

 

INTELLECTUAL PROPERTY SECURITY AGREEMENT

This INTELLECTUAL PROPERTY SECURITY AGREEMENT, dated as of January 22, 2016, (the “Agreement”) between WESTERN ALLIANCE BANK, an Arizona corporation (“Lender”) and [            ] (“Grantor”) is made with reference to the Loan and Security Agreement, dated as of the date hereof (as amended from time to time, the “Loan Agreement’), between Lender, Grantor and [names of other Borrowers].  Terms defined in the Loan Agreement have the same meaning when used in this Agreement.

For good and valuable consideration, receipt of which is hereby acknowledged, Grantor hereby covenants and agrees as follows:

To secure the Obligations under the Loan Agreement, Grantor grants to Lender a security interest in all right, title, and interest of Grantor in any of the following, whether now existing or hereafter acquired or created in any and all of the following property (collectively, the “Intellectual Property Collateral”):

(a)copyright rights, copyright applications, copyright registrations and like protections in each work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret, now or hereafter existing, created, acquired or held (collectively, the “Copyrights”), including the Copyrights described in Exhibit A;

(b)trademark and servicemark rights, whether registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Grantor connected with and symbolized by such trademarks (collectively, the “Trademarks”), including the Trademarks described in Exhibit B;

(c)patents, patent applications and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same (collectively, the “Patents”), including the Patents described in Exhibit C;

(d)mask work or similar rights available for the protection of semiconductor chips or other products (collectively, the “Mask Works”);

(e)trade secrets, and any and all intellectual property rights in computer software and computer software products;

(f)design rights;

(g)claims for damages by way of past, present and future infringement of any of the rights included above, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the intellectual property rights identified above;

(h)licenses or other rights to use any of the Copyrights, Patents, Trademarks, or Mask Works, and all license fees and royalties arising from such use to the extent permitted by such license or rights;

(i)amendments, renewals and extensions of any of the Copyrights, Trademarks, Patents, or Mask Works; and

(j)proceeds and products of the foregoing, including without limitation all payments under insurance or any indemnity or warranty payable in respect of any of the foregoing.

provided, that the security interest granted in this Agreement shall not extend to, and the term “Intellectual Property Collateral” shall not include, any rights under any lease, instrument, contract or agreement of Grantor to the extent 

 

 

that the granting of a security interest therein would, under the express terms of such lease, instrument, contract or agreement, (A) be prohibited or restricted or (B) result in a breach of the terms of, constitute a default under or result in a termination of any such lease, instrument, contract or agreement governing such right, unless (x) such prohibition or restriction is not enforceable or is otherwise ineffective under applicable law or (y) consent to such security interest has been obtained from any applicable third party.  Notwithstanding any of the foregoing, such proviso shall not affect, limit, restrict or impair the grant by Grantor of a security interest in any Account or any money or other amounts due and payable to Grantor or to become due and payable to Grantor under any such lease, instrument, contract or agreement unless such security interest in such Account, money or other amount due and payable is also specifically prohibited or restricted by the terms of such lease, instrument, contract or other agreement or such security interest in such Account, money or other amount due and payable would expressly constitute a default under or would expressly grant a party a termination right under any such lease, instrument, contract or agreement governing such right unless, in each case, (x) such prohibition is not enforceable or is otherwise ineffective under applicable law or (y) consent to such security interest has been obtained from any applicable third party; provided further, that notwithstanding anything to the contrary contained in the foregoing proviso, the security interests granted herein shall immediately and automatically attach to and the term “Intellectual Property Collateral” shall immediately and automatically include the rights under any such lease, instrument, contract or agreement and in such Account, money, or other amounts due and payable to Grantor at such time as such prohibition, restriction, event of default or termination right terminates or is waived or consent to such security interest has been obtained from any applicable third party.

The rights and remedies of Lender with respect to the security interests granted hereunder are in addition to those set forth in the Loan Agreement, and those which are now or hereafter available to Lender as a matter of law or equity.  Each right, power and remedy of Lender provided for herein or in the Loan Agreement, or now or hereafter existing at law or in equity shall be cumulative and concurrent and shall be in addition to every right, power or remedy provided for herein, and the exercise by Lender of any one or more of such rights, powers or remedies does not preclude the simultaneous or later exercise by Lender of any other rights, powers or remedies.

[Signature Page Follows]

 

 

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

		
	
GRANTOR:
	
LENDER:

	
 
	
WESTERN ALLIANCE BANK, an Arizona corporation

	
 
	
 

	
By:      ______________________________
	
By:      ______________________________

	
Name:  ______________________________
	
Name:  ______________________________

	
Title:    ______________________________
	
Title:    ______________________________

	
 
	
 

	
Address for Notices:
	
Address for Notices:

	
Attn: [            ]
	
Attn:  55 Almaden Boulevard, Suite 100

	
[Address]
	
San Jose, California  95113

	
Fax:  [            ]
	
Tel: (408) 556-6501

	
 
	
Fax:(408) 282-1681

 

 [Signature Page to Intellectual Property Security Agreement]

 

 

 

 

 

Exhibit A

Copyrights

Please Check if No Copyrights Exist * 

 

 

						
	
Type of Work:
	
Title:

 
	
International Standard Serial Number (ISSN):
	
Registration Number:
	
Filing Date:
	
Pre -registered?    

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

 

 

 

 

Exhibit B

trademarks

Please Check if No Trademarks Exist  *  

 

 

					
	
Mark / Title:
	
U.S. Serial Number:

 
	
U.S. Registration Number:
	
USPTO Reference Number:
	
Filing Date:    

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

 

 

 

 

Exhibit C

patents

Please Check if No Patents Exist  *  

 

 

					
	
Title:
	
Patent Number:

 
	
Application Serial Number:
	
Issued or Published?
	
Issue Date:exhibit4-1.htm

Exhibit 4.1

 

FOURTH AMENDED AND RESTATED DISTRIBUTION REINVESTMENT PLAN

OF

CĪON INVESTMENT CORPORATION

 

CĪON Investment Corporation, a Maryland corporation (the "Corporation"), hereby adopts the following fourth amended and restated distribution reinvestment plan (the "Plan"), effective on the same date that the Corporation holds the first weekly closing for the sale of shares of the Corporation's common stock, $0.001 par value ("Common Stock"), in connection with the Corporation's continuous offering ("Offering") pursuant to its registration statement on Form N-2 (File No. 333-203683) (the "Registration Statement"), with respect to distributions declared by its board of directors (the "Board") on shares of Common Stock. The Plan amends and restates in its entirety the Corporation's third amended and restated distribution reinvestment plan previously in effect:

 

	
1.  

	
Each stockholder of record may enroll in the Plan by providing the Reinvestment Agent (as defined below) with written notice, except that a stockholder may only participate in the Plan, and sales to a stockholder under the Plan may only occur, if the Corporation maintains its registration, or an exemption from registration is available, in the stockholder's state of residence. To enroll in the Plan, such stockholder shall notify the Corporation's reinvestment agent, transfer agent and registrar (collectively the "Reinvestment Agent"), in writing so that such notice is received by the Reinvestment Agent no later than the record date fixed by the Board for the distribution involved. If a stockholder elects to enroll in the Plan, all distributions thereafter declared by the Board shall be payable in shares of Common Stock as provided herein, and no action shall be required on such stockholder's part to receive a distribution in Common Stock. If a stockholder wishes to receive its distributions in cash, no action is required.

 

	
2.  

	
Subject to the Board's discretion and applicable legal restrictions, the Corporation intends to authorize and declare distributions on a monthly basis and pay such distributions on either a monthly or a quarterly basis or on such other date or dates as may be fixed from time to time by the Board to stockholders of record at the close of business on the record date for the distribution involved.

 

	
3.  

	
The Corporation shall use newly-issued shares of its Common Stock to implement the Plan. Shares issued pursuant to the Plan will be issued on the same date that the Corporation holds the last weekly closing of the month ("Last Weekly Closing") for the sale of shares of Common Stock in the Offering pursuant to the Registration Statement. The number of newly-issued shares of Common Stock to be issued to a stockholder shall be determined by dividing the total dollar amount of the distribution payable to such stockholder by a price equal to 90% of the price that the shares are sold in the Offering on such closing date. There will be no selling commissions, dealer manager fees or other sales charges on shares of Common Stock issued to a stockholder under the Plan. The Corporation shall pay the Reinvestment Agent's fees under the Plan.

 

	
4.  

	
The Reinvestment Agent will set up an account for shares of Common Stock acquired pursuant to the Plan for each stockholder who has elected to enroll in the Plan (each a "Participant"). The Reinvestment Agent may hold each Participant's shares of Common Stock, together with the shares of Common Stock of other Participants, in non-certificated form in the Reinvestment Agent's name or that of its nominee.

 

	
5.  

	
The Reinvestment Agent will confirm to each Participant each acquisition made pursuant to the Plan as soon as practicable, but not later than ten (10) business days after the date thereof. Distributions on fractional shares of Common Stock will be credited to each Participant's account. In the event of termination of a Participant's account under the Plan, the Reinvestment Agent will adjust for any such undivided fractional interest in cash at the market value of the Common Stock at the time of termination, based on the closing price of the shares of Common Stock on the closing date immediately following such termination.

 

	
6.  

	
The shares of Common Stock issued pursuant to the Plan will have the same voting rights as the shares of Common Stock issued pursuant to the Corporation's public offering. The Reinvestment Agent will forward to each Participant any Corporation-related proxy solicitation materials and each Corporation report or other communication to stockholders, and will vote any shares of Common Stock held by it under the Plan in accordance with the instructions set forth on proxies returned by Participants to the Corporation.

 

	
7.  

	
In the event that the Corporation makes available to its stockholders rights to purchase additional shares of Common Stock or other securities, the shares of Common Stock held by the Reinvestment Agent for each Participant under the Plan will be used in calculating the number of rights to be issued to the Participant. Transaction processing may either be curtailed or suspended until completion of any stock dividend, stock split or corporate action.

 

	
8.  

	
The Reinvestment Agent's service fee, if any, and expenses for administering the Plan will be paid for by the Corporation.

 

	
9.  

	
Each Participant may terminate his, her or its account under the Plan by so notifying the Reinvestment Agent via the Corporation's website at www.cioninvestment.com, or by sending the request form to the Reinvestment Agent at DST Systems, Inc, 1055 Broadway, 7th Floor, Kansas City, Missouri 64105. Such termination will be effective immediately if the Participant's notice is received by the Reinvestment Agent at least two (2) business days prior to any distribution record date; otherwise, such termination will be effective only with respect to any subsequent distribution.

 

	
10.  

	
The Corporation may terminate the Plan at any time upon written notice to each Participant at least thirty (30) days prior to any record date for the payment of any distributions by the Corporation. Upon any termination, the Reinvestment Agent will credit the Participant's account for the full shares of Common Stock held for the Participant under the Plan and a cash adjustment for any fractional shares of Common Stock to be delivered to the Participant without charge to the Participant. If a Participant elects by his, her or its written notice to the Reinvestment Agent in advance of termination to have the Reinvestment Agent sell part or all of his, her or its shares of Common Stock and remit the proceeds to the Participant, the Reinvestment Agent is authorized to deduct a $15 transaction fee plus a $0.10 per share brokerage commission from the proceeds.

 

	
11.  

	
In addition, the Corporation may amend or supplement the Plan at any time but, except when necessary or appropriate to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority, only by sending to each Participant appropriate notice at least ten (10) days prior to the effective date thereof. Such notice may be sent electronically to each Participant. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Reinvestment Agent receives written notice of the termination of his, her or its account under the Plan. Any such amendment may include changes to the timing and payment of the monthly distribution, an appointment by the Reinvestment Agent in its place and stead of a successor agent under these terms and conditions, with full power and authority to perform all or any of the acts to be performed by the Reinvestment Agent under these terms and conditions, or any other amendments that may be deemed appropriate. Upon any such appointment of any agent for the purpose of receiving dividends and distributions, the Corporation will be authorized to pay to such successor agent, for each Participant's account, all dividends and distributions payable on shares of Common Stock of the Corporation held in the Participant's name or under the Plan for retention or application by such successor agent as provided in these terms and conditions.

 

	
12.  

	
The Reinvestment Agent will at all times act in good faith and use its best efforts within reasonable limits to ensure its full and timely performance of all services to be performed by it under this Plan and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors, unless such error is caused by the Reinvestment Agent's negligence, bad faith, or willful misconduct or that of its employees or agents.

 

	
13.  

	
These terms and conditions shall be governed by the laws of the State of Maryland.

  

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