Document:

EXHIBIT
10.24

 

Compensatory
Arrangements with Non-Employee Directors

 

                Each non-employee director of
PLC Systems Inc. (the “Company”) other than the Chairman of the Board receives
$12,000 per year and the Chairman of the Board receives $24,000 per year, paid
in quarterly installments.  In addition,
non-employee directors other than the Chairman of the Board who serve as
chairman of a committee, or who serve on more than one committee, receive an
additional $500 per quarter. The Company reimburses directors for reasonable
out-of-pocket expenses incurred in attending meetings of the Board of Directors
and committees of the Board of Directors.

 

The Company grants stock
options to its non-employee directors. Generally, new non-employee directors
receive an initial grant of an option to purchase 30,000 shares of the Company’s
common stock that vests in installments over three years.  Once the initial grant has fully vested,
non-employee directors other than the Chairman of the Board receive an annual
grant of an option to purchase 15,000 shares of the Company’s common stock that
vests in four equal quarterly installments. The Chairman of the Board receives
an annual grant of an option to purchase 30,000 shares of the Company’s common
stock that vests in four equal quarterly installments. All such options have an
exercise price equal to the fair market value of the common stock on the date
of grant. The grants of options to non-employee directors discussed above do
not apply to Donald E. Bobo, Jr. because he is a director as a result of
the Company’s transaction with Edwards Lifesciences LLC.Exhibit 10.1

 

AMENDED AND RESTATED

INTELLECTUAL PROPERTY SECURITY AGREEMENT

 

This
Intellectual Property Security Agreement (this “Agreement”), dated as of March 21st
2005, is made by and among WELLS FARGO
FOOTHILL, INC., a California corporation (formerly known as Foothill
Capital Corporation), as agent for the Lenders (“Agent”), SILICON GRAPHICS, INC., a Delaware
corporation (“Parent”), and SILICON GRAPHICS
FEDERAL, INC., a Delaware corporation (together with Parent, the “Borrowers”),
with respect to the following facts:

 

A.                                   Each Borrower has
adopted certain trademarks and service marks, as identified herein and in Schedule A
annexed hereto and made a part hereof, and

 

B.                                     Each Borrower is
the owner and holder of certain patents, patent applications, inventions and
trade secret information, as identified herein and in Schedule B
annexed hereto and made a part hereof.

 

C.                                     Each Borrower is
the owner of the copyrights in certain works of authorship, as described herein
and in Schedule C annexed hereto and made a part hereof.

 

D.                                    Each Borrower,
Agent and the Lenders party thereto have entered into that certain Loan and
Security Agreement dated as of April 10, 2001, which was amended and
restated by that certain Amended and Restated Loan and Security Agreement by and
among the same parties and Documentation Agent (as from time to time amended,
modified or supplemented in accordance with its terms, the “Loan Agreement”),
pursuant to which the Lender Group has agreed to extend credit to or for the
account of Borrowers in the form of a revolving credit facility, and each
Borrower granted to Agent, for the benefit of the Lender Group a security
interest in substantially all of each Borrower’s assets as security for all
obligations and liabilities of the Borrowers for payment and performance under,
arising out of or in connection with the Loan Documents (all of such
obligations and liabilities being hereinafter referred to as the “Obligations”).  Capitalized terms which are used herein but
not otherwise defined, shall have the meaning ascribed to them in the Loan
Agreement.

 

E.                                      Each Borrower
granted to Agent, for the benefit of the Lender Group, a security interest in
the “IP Collateral,” as defined in and pursuant to that certain  Intellectual Property Security Agreement dated
November 9, 2001 by and among the parties hereto (the “Original
Intellectual Property Security Agreement”).

 

F.                                      To induce the
Lender Group to enter into that certain Amendment Number Thirteen to the Loan
Agreement, dated as of March 7, 2005, by and among the parties hereto, and
to accept all of the Loan Documents, and to continue to make advances and
otherwise continue to extend credit to the Borrowers thereunder, each Borrower
has agreed to secure the payment and performance of the Obligations and to accomplish
same by amending and restating the Original Intellectual Property Security
Agreement and executing and delivering to Agent, for the benefit of the Lender
Group (i) this Agreement, (ii) the forms of Security Interest in
trademarks, (iii) the forms of Security Interest in patents, (iv) the
forms of Security Interest in copyrights, (v) the Powers of Attorney for
patents, (vi) the Powers of Attorney for trademarks,

 

 

(vii) the Powers of
Attorney for copyrights, and (viii) any and all other documents which
Agent deems necessary to protect the Lender Group’s interests hereunder or with
respect to the Obligations.

 

NOW,
THEREFORE, IT IS AGREED that, for and in consideration of the premises set
forth above, the terms and conditions contained herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and as collateral security for the prompt payment and performance
in full when due (whether at stated maturity, by acceleration or otherwise) of
the Obligations, the parties hereto agree that the Original Intellectual
Property Security Agreement is hereby amended and restated in its entirety
pursuant to this Agreement, and each Borrower hereby pledges and grants to
Agent, for the benefit of the Lender Group, a lien and security interest in and
to the following property and interests in property, whether now owned by such
Borrower or hereafter acquired and whether now existing or hereafter coming
into existence (all being collectively referred to herein as “Intellectual
Property Collateral”):

 

(a)  all of such Borrower’s right,
title and interest in and to trademarks, trade names, trade styles, service
marks, logos, emblems, prints and labels, all elements of package or trade
dress of goods, and all general intangibles of like nature, now existing or
hereafter adopted or acquired by such Borrower, together with the goodwill of
such Borrower’s business connected with the use thereof and symbolized thereby,
and all registration applications, registrations and recordings thereof,
including, without limitation, registration applications, registrations and
recordings in the United States Patent and Trademark Office or in any similar
office or agency of the United States or in any office of the Secretary of
State (or equivalent) of any state thereof, or in any similar office or agency
of any country or political subdivision thereof throughout the world, whether
now owned or hereafter acquired by such Borrower, including, but not limited
to, those described in Schedule A annexed hereto and made a part
hereof (provided that no security interest shall be granted in United States
intent-to-use trademark applications to the extent that, and solely during the
period in which, the grant of a security interest therein would impair the
validity or enforceability of such intent-to-use trademark applications under
applicable federal law), together with all extensions, renewals and corrections
thereof and all licenses thereof or pertaining thereto (but with respect to any
such license, only to the extent permitted by the applicable licensing
agreement) (all of the foregoing assets encompassed by this
subparagraph 1(a) being hereinafter collectively referred to as the “Trademarks”);

 

(b)  all of such Borrower’s right,
title and interest in and to all inventions and letters patent and registration
applications therefore, and all registrations and recordings thereof,
including, without limitation, registration applications, registrations and
recordings in the United States Patent and Trademark Office or in any similar
office or agency of the United States or any state thereof, or in any similar
office or agency of any country or political subdivision thereof throughout the
world, whether now owned or hereafter acquired by such Borrower, including, but
not limited to, those described in Schedule B annexed hereto and
made a part hereof, together with all re-examinations, reissues, continuations,
continuations-in-part, divisions, improvements and extensions thereof and all
licenses thereof or pertaining thereto and all licenses of patent rights to
such Borrower now in effect or entered into during the term of this Agreement
(but with respect to any such license, only to the extent permitted by the
applicable licensing agreement) and the rights to make, use and sell, and all
other rights with respect to, the inventions disclosed

 

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or claimed therein, all inventions, designs, proprietary or technical
information, know-how, other data or information, software, databases, all
embodiments or fixations thereof and related documentation, all information
having value in connection with such Borrower’s business and all other trade
secret rights not described above (all of the foregoing assets encompassed by
this subparagraph 1(b) being hereinafter collectively referred to as the “Patents”);

 

(c)  all of such Borrower’s right,
title and interest in and to copyrights in works of authorship of any kind, and
all registration applications, registrations and recordings thereof in the
Office of the United States Register of Copyrights, Library of Congress, or in
any similar office or agency of any country or political subdivision thereof
throughout the world, whether now owned or hereafter acquired by such Borrower,
including, but not limited to, those described in Schedule C
annexed  hereto and made a part hereof,
together with all extensions, renewals, reversionary rights, and corrections
thereof and all licenses thereof or pertaining thereto (but with respect to any
such license, only to the extent permitted by the applicable licensing
agreement) (all of the foregoing assets encompassed by this subparagraph 1(c)
hereinafter collectively referred to as the “Copyrights”);

 

(d)  all of such Borrower’s
customer lists and other records of such Borrower relating to the distribution
of products bearing, constituting or incorporating the Trademarks, Patents and
Copyrights; and

 

(e)  the proceeds and products,
whether tangible or intangible, of any of the foregoing, including
(w) proceeds from any claims by such Borrower against third parties for
past, present or future infringement of the Trademarks, Patents or Copyrights
and any royalties from licenses to third parties of the Trademarks, Patents or
Copyrights, (x) proceeds of insurance covering any or all of the
foregoing, and (y) any and all money, deposit accounts, or other tangible
or intangible property, solely to the extent, in the case of each of the
foregoing clauses (w) and (x), resulting from the sale, exchange, collection or
other disposition of any of the foregoing, or any portion thereof or interest
therein, and the proceeds thereof; provided, however, that the Intellectual
Property Collateral shall not include such General Intangibles:  (i) which cannot be subject to a
consensual security interest in favor of Agent without the consent of the
licensor or other party thereto, (ii) as to which any such restriction
described in clause (i) is effective and enforceable under applicable law
including Section 9408 of the Code, and (iii) to which such consent
described in clause (i) has not been obtained by the party granting the
security interest.

 

1.                                       Each
Borrower hereby represents, warrants, covenants and agrees as follows:

 

(a)                                  Each Borrower has the sole, full
and clear title to the Trademarks for the goods and services with which the
Trademarks are used (except for Permitted Liens and as provided in
paragraph 1(g) below and in Schedule A attached hereto).  The registrations of the Trademarks are valid
and subsisting and in full force and effect. 
Each Borrower has not granted a license or otherwise agreed to allow any
third party to use any Trademark (except in the ordinary course of business
consistent with such Borrower’s business judgment).  Borrower has used and will continue to use
for the duration of this Agreement standards of quality in the manufacture of
products sold under the Trademarks that are at least equal to those standards
in

 

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effect as of the date of this Agreement to
the extent that the failure to do so would cause a Material Adverse Change.

 

(b)                                 Each Borrower (either itself or
through its licensees) will continue to use the Trademarks on its current lines
of goods as reflected in its current catalogs, brochures and price lists in
order to maintain the Trademarks in full force and effect, in the ordinary
course of business, and each Borrower will not (and will not permit any
licensee thereof to) do any act or knowingly omit to do any act whereby any Trademark
may become invalidated (except in the ordinary course of business consistent
with such Borrower’s business judgment).

 

(c)                                  Each Borrower has the sole, full
and clear title to the Patents shown on Schedule B hereto and such
Patents are valid and subsisting and in full force and effect and have not been
adjudged or, to such Borrower’s knowledge, claimed invalid or unenforceable in
whole or in part (except for Permitted Liens and as provided in
paragraph l(g) below and in Schedule B attached hereto).  Each Borrower has not granted a license or
otherwise agreed to allow any third party to use any Patent (except in the
ordinary course of business consistent with such Borrower’s business
judgment).  Each Borrower shall
diligently prosecute any patent application now pending or acquired or made by
it during the term of this Agreement, and shall preserve and maintain all
rights of any kind in the Patents, which, in each case, such Borrower believes
in its reasonable business judgment are in the best business interests of such
Borrower.  Each Borrower believes that
none of the Patents has been abandoned or dedicated and such Borrower will not
do any act, or omit to do any act, nor permit any licensee thereof to do any act
whereby any Patent may become abandoned or dedicated, except and to the extent
Borrower believes in its reasonable business judgment that such action or
inaction is in the best business interest of such Borrower including discretion
to make Patents available to the “open source community”; and if it knows or
has reason to believe that any material Patent has become or may become
abandoned or dedicated, it shall notify Agent within thirty (30) days following
the date Borrower first knows or first has reason to believe that such material
patent has become or may become abandoned or dedicated.

 

(d)                                 Each Borrower (either itself or
through its licensees) will place appropriate notice of Copyright on all copies
embodying copyrighted works covered by the copyright which are publicly
distributed and such Borrower will not (and will not permit any licensee
thereof to) do any act or knowingly omit to do any act whereby any Copyright
may become invalidated or dedicated to the public domain, except and to the
extent Borrower believes in its reasonable business judgment that such action
or inaction is in the best interest of such Borrower including discretion to
make Copyrights available to the “open source community.”

 

(e)                                  Each Borrower will promptly
perform all acts and execute all documents, including, without limitation,
grants of security in forms acceptable to Agent and suitable for recording with
(i) the United States Patent and Trademark Office and the United States
Register of Copyrights, and (ii) the appropriate offices and agencies of
foreign jurisdictions reasonably requested by Agent at any time to evidence,
perfect, maintain, record or enforce the Lender Group’s security interest in
the Intellectual Property Collateral or otherwise in furtherance of the
provisions of this Agreement.  Each
Borrower hereby authorizes Agent to execute and file one or more financing
statements (and any similar documents) or copies thereof

 

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or of this Agreement with respect to the
Intellectual Property Collateral (with a copy sent to the applicable Borrower).

 

(f)                                    In the event that any Borrower,
either itself or through any subsidiary, affiliate, agent, employee, licensee
or designee, shall file an application for the issuance of any Patent or
registration of any Trademark with the United States Patent and Trademark
Office, or any similar office of the United States or in any office of the
Secretary of State (or equivalent) of any state thereof, or for the
registration of any Copyright with the United States Register of Copyrights, or
for the registration of any Patent, Trademark or Copyright in any similar
office or agency of any country or political subdivision thereof throughout the
world, or shall obtain issuance of any Patent or registration of any Trademark
or Copyright previously applied for, or shall adopt, acquire or obtain rights
to any new trademark, patent application or work for which a copyright
application has been or is expected to be filed, or become entitled to the
benefit of any patent application or any patent or any part thereof for
reissue, re-examination, continuation, continuation-in-part, division,
improvement or extension, the applicable Borrower shall (i) inform Agent of any
such event or action in semi-annual reports which Borrowers shall deliver to
Agent concurrently with the delivery to Agent of the respective quarterly
financial information pursuant to the Loan Agreement, and (ii) execute and
deliver any and all assignments, agreements, instruments, documents and papers
as are necessary or appropriate or as Agent may reasonably request to evidence
the Lender Group’s security interest in such Trademark, Patent or Copyright and
the goodwill and general intangibles of Borrowers relating thereto or
represented thereby (provided that no security interest shall be granted in
United States intent-to-use trademark applications to the extent that, and
solely during the period in which, the grant of a security interest therein
would impair the validity or enforceability of such intent-to-use trademark applications
under applicable federal law).  Each
Borrower hereby constitutes Agent, or Agent’s agent, its attorney-in-fact to
execute and file all such writings for the foregoing purposes, all acts of such
attorney being hereby ratified and confirmed; such power being coupled with an
interest is irrevocable until the Obligations are indefeasibly paid in
full.  Each Borrower authorizes the
amendment of the schedules hereto to include any future Trademark, Patent or
Copyright registrations or applications which may be acquired or made by such
Borrower.

 

(g)                                 Each Borrower has the authority,
right and power to enter into this Agreement and to perform its terms and to
grant the security interest herein granted, and has not entered and will not
enter into any oral or written agreements which would prevent such Borrower
from complying with the terms hereof, provided, however, each Borrower may
enter into or maintain in effect such non-exclusive license agreements with
respect to the Intellectual Property Collateral as such Borrower believes in
its reasonable business judgment are in the best interest of such Borrower’s
business, so long as any such license agreement does not prohibit the
assignment thereof to Agent, for the benefit of the Lender Group.  The Intellectual Property Collateral is not,
to any Borrower’s knowledge, now, and at all times will not be, subject to any
liens (other than Permitted Liens), charges, mortgages, assignments, security
interests,  except in favor of the Lender
Group; provided, however, each Borrower may enter into such non-exclusive
license agreements with respect to the Intellectual Property Collateral as such
Borrower believes in its reasonable business judgment are in the best interest
of such Borrower’s business, so long as any such license agreement does not
prohibit the assignment thereof to Agent, for the benefit of the Lender
Group.  To the best knowledge of each
Borrower, none of the Intellectual Property

 

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Collateral is subject to any claims of any
other party, except as may be indicated on Schedules A, B and C to this
Agreement.

 

(h)                                 Except for Permitted Liens, or
as may be indicated on Schedule D to this Agreement, or to the
extent that Agent upon prior written notice from Borrowers, shall consent, no
Borrower will assign, sell, mortgage, lease, transfer, pledge, hypothecate,
grant a security interest in or lien upon, grant an exclusive license, or
otherwise dispose of any of the Intellectual Property Collateral, and nothing
in this Agreement shall be deemed a consent by Agent to any such action except
as expressly permitted herein.  Agent
agrees to expeditiously release its interests in any assets set forth on Schedule D
that are transferred in accordance with this subsection (h).

 

(i)                                     As of the date hereof, no
Borrower has any Trademarks, Patents or Copyrights registered, or which are the
subject of any pending application, in the United States Patent and Trademark
Office, or any similar office of the United States or in any office of the
Secretary of State (or equivalent) of any state thereof, or the United States
Register of Copyrights, or in any similar office or agency of any country or
political subdivision thereof throughout the world, other than those identified
in Schedules A, B and C hereto and other than those Trademarks, Patents
and Copyrights which collectively are not material to the business and
operations of either Borrower.

 

(j)                                     Each Borrower will in its
business judgment take commercially reasonable steps in any proceeding before
the United States Patent and Trademark Office, United States Register of
Copyrights or similar office or agency of the United States or any office of
the Secretary of State (or equivalent) of any state thereof, or in any similar
office or agency of any country or political subdivision thereof throughout the
world, to maintain each registration application and registration of the
Intellectual Property Collateral, including, without limitation, filing of
renewals, extensions, affidavits of use and incontestability, and opposition,
interference and cancellation proceedings (except to the extent that
dedication, abandonment or invalidation is permitted under paragraphs 1(b)
and 1(c) hereof).  Each Borrower shall
notify Agent promptly in writing if any material registration application or
registration relating to any Intellectual Property Collateral may become
abandoned or dedicated or subject to an adverse final determination in any
proceeding in the United States Patent and Trademark Office or United States
Register of Copyrights or in any similar office or agency of any country or
political subdivision thereof throughout the world or in any court regarding
such Borrower’s ownership of such Patent or Trademark, its right to register
same, or to keep or maintain the validity of same.

 

(k)                                  In the event that any Borrower
acquires actual knowledge that any Trademark, Patent or Copyright is infringed,
misappropriated or diluted by a third party, such Borrower shall promptly sue
for infringement, misappropriation and/or dilution and to obtain injunctive
relief and recover damages therefore, unless such Borrower shall determine in
its reasonable business judgment that such suit is not in the best interest of
such Borrower’s business, and the applicable Borrower shall take such other
actions reasonably required to protect such Trademark, Patent or Copyright as
such Borrower shall deem appropriate in its reasonable business judgment under
the circumstances.  Upon and during the
continuance of an Event of Default, Agent shall have the right, but in no way
shall be obligated, to bring suit in its own name to enforce the Trademarks,
Patents and Copyrights and any licenses thereunder, in which

 

6

 

event the applicable Borrower shall, at the
request of Agent, do any and all lawful acts requested by Agent and execute any
and all documents required by Agent to aid such enforcement, and the applicable
Borrower shall, upon demand, promptly reimburse and indemnify Agent for all
costs and expenses incurred in such enforcement.

 

2.                                       Upon the
occurrence and during the continuance of an Event of Default, Agent may, except
to the extent otherwise expressly provided or required below, do any one or
more of the following, all of which are authorized by each Borrower, in
addition to all other rights and remedies provided for in the Loan Documents,
all such rights and remedies being cumulative, not exclusive, and enforceable
alternatively, successively or concurrently, without (except as provided herein
or in the other Loan Documents) notice to, or consent by, any Borrower:

 

(a)                                  Agent may (without assuming any
obligations or liability thereunder), at any time, enforce (and shall have the
exclusive right to enforce) against any licensee or sublicensee all rights and
remedies of the applicable Borrower in, to and under any one or more license
agreements with respect to the Intellectual Property Collateral, and take or
refrain from taking any action under any thereof, and each Borrower hereby releases
Agent from, and agrees to hold Agent free and harmless from and against any
claims arising out of, any action taken or omitted to be taken with respect to
any such license agreement except for such claims that a court of competent
jurisdiction finally determines to have arisen from the gross negligence or
willful misconduct of Agent;

 

(b)                                 Agent may, at any time and from
time to time, upon ten (10) days’ prior notice to Borrowers, assign, sell, or
otherwise dispose of the Intellectual Property Collateral or any of it, either
with or without special or other conditions or stipulations, with power to buy
the Intellectual Property Collateral or any part of it, and do all other acts
and things for completing the assignment, sale or disposition which Agent
shall, in its sole discretion, deem appropriate or proper;

 

(c)                                  In addition to the foregoing, in
order to implement the assignment, sale, license or other disposal of any of
the Intellectual Property Collateral pursuant to subparagraphs 2(a) and
(b) hereof, Agent may, at any time, pursuant to the authority granted in the
Powers of Attorney described in paragraph 3 hereof (such authority becoming
effective upon an Event of Default), execute and deliver on behalf of any
Borrower one or more instruments of assignment, sale, license or other
disposition of the Intellectual Property Collateral.  Each Borrower agrees to pay when due all
reasonable costs incurred in any such transfer of the Intellectual Property
Collateral, including any taxes, fees and reasonable attorneys’ fees, and all
such costs shall be added to the Obligations. 
Agent may apply the proceeds actually received from any such license,
assignment, sale or other disposition in accordance with paragraph (d) of
this Section 2; and each Borrower shall remain liable and will pay Agent
on demand any deficiency remaining, together with interest thereon at a rate
equal to the rate then payable on the Obligations and the balance of any
expenses unpaid.  Nothing herein
contained shall be construed as requiring Agent to take any such action at any
time; and

 

(d)                                 Except as otherwise herein
expressly provided, the proceeds of any collection, sale or other realization
of all or any part of the Intellectual Property Collateral

 

7

 

pursuant hereto, shall be applied to the
Obligations until the Obligations shall have been paid in full in cash.  The application of proceeds hereunder to the
Obligations shall be made pro-rata to the holders of such Obligations based on
the aggregate outstanding principal amount of such Obligations held by such
holders or as otherwise provided in the Loan Agreement.

 

3.                                       The
following documents will be concurrently executed and delivered to Agent as
conditions precedent to the execution and delivery of this Agreement:  three original Powers of Attorney,  in the form of Exhibit A,  Exhibit B,
and Exhibit C hereto, respectively, executed by Borrowers, for the
implementation of any assignment, sale or other disposition of the Trademarks,
Patents or Copyrights, respectively, pursuant to paragraphs 2(a) and (b)
hereof.

 

4.                                       No
provision hereof shall be modified, altered or limited except by a written
instrument expressly referring to this Agreement and executed by the party to
be charged.  The execution and delivery
of this Agreement has been properly authorized by the board of directors of
each Borrower and by any necessary vote or consent of stockholders
thereof.  This Agreement shall be binding
upon the successors, permitted assigns or other legal representatives of each
Borrower, and shall, together with the rights and remedies of the Lender Group
hereunder inure to the benefit of the Lender Group, its successors, permitted
assigns or other legal representatives. 
This Agreement, the Obligations and the Intellectual Property Collateral
shall be governed in all respects by the laws of the United States and the laws
of the State of California.  If any term
of this Agreement shall be held to be invalid, illegal or unenforceable, the
validity of all other terms hereof shall in no way be affected thereby.  The obligations of Borrowers hereunder are
joint and several.

 

5.                                       This
Agreement shall continue to be effective and shall be reinstated in the event
that at any time after the Obligations have been paid in full, any payment of
the Obligations is rescinded or must otherwise be restored or returned by the
Lender Group.

 

6.                                       Upon
payment and performance in full in cash by Borrowers of all of the Obligations
(other than indemnification obligations for which no claim has been made) and
upon the termination of the Loan Agreement, this Agreement shall terminate and
Agent shall execute, file and record in each office in which any financing
statement or assignment relative to the Intellectual Property Collateral, or
any part thereof, shall have been filed, a termination statement, assignment or
other appropriate instrument releasing its interest therein, all without
recourse to or warranty by the Lender Group and at the sole cost and expense of
the Borrowers.

 

7.                                       This
Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument and any of the parties
hereto may execute this Agreement by signing any such counterpart.

 

8.                                       This
Agreement is hereby deemed to be the Intellectual Property Security Agreement
referenced in the Loan Agreement and constitutes a Loan Document.

 

8

 

IN WITNESS
WHEREOF, each of the undersigned has caused this Agreement to be duly executed
and delivered on the day and year first above written.

 

	
  SILICON GRAPHICS, INC.,

  	
   

  
	
  a Delaware corporation

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Jean Furter

  	
   

  	
   

  
	
  Its:

  	
  Vice President, Treasurer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SILICON GRAPHICS FEDERAL, INC.,

  	
   

  
	
  a Delaware corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jeffrey Zellmer

  	
   

  	
   

  
	
  Its:

  	
  Vice President

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WELLS FARGO FOOTHILL, INC.,

  	
   

  
	
  a California corporation, as Agent

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Thomas P. Shughrue

  	
   

  	
   

  
	
  Its:

  	
  Vice President

  	
   

  	
   

  

 

9

 

Schedule A

Trademarks

 

10

 

Schedule B

Patents

 

11

 

Schedule C

Copyrights

 

12

 

Schedule D

 

13

 

Exhibit A

 

POWER
OF ATTORNEY

Trademark
Assets

 

Pursuant to
the terms of that certain Loan and Security Agreement, dated as of April 10,
2001, as amended and restated by that certain Amended and Restated Loan and
Security Agreement, dated as of September 24, 2002 (as amended from time
to time, the “Loan Agreement”), and that certain Amended and Restated
Intellectual Property Security Agreement, of even date herewith, as each may be
amended, restated, modified or supplemented and in effect from time to time,
each of Silicon Graphics, Inc., a Delaware corporation (“Parent”) and Silicon
Graphics Federal, Inc., a Delaware corporation (“Sub” and together with Parent,
the “Obligors”), hereby grants to Wells Fargo Foothill, Inc., a California
corporation (formerly known as Foothill Capital Corporation) (together with its
successors and assigns, “Agent”), a power of attorney, effective only upon the
occurrence and during the continuance of an Event of Default (as defined in the
Loan Agreement):

 

(i)            to
offer to sell, to sell, to assign, to license, or to otherwise transfer
(collectively, “transfer”) any or all of either Obligor’s right, title and
interest around the world in and to the trademarks listed on Schedule A attached hereto, including the registrations
and applications to register such trademarks and all goodwill associated with
such trademarks (other than any United States intent-to-use trademark
applications to the extent that, and solely during the period in which, the
grant of a security interest therein would impair the validity or
enforceability of such intent-to-use trademark applications under applicable
federal law);

 

(ii)           to
execute all documents on its behalf and do all acts necessary or desirable to
effect the above stated transfers of right, as if Agent were the applicable
Obligor at all appropriate times; and

 

(iii)          to
receive and retain consideration, including money, in connection with and in
payment for any such transfer.

 

All transfers
and such acts as described above are hereby ratified and confirmed by each
Obligor.

 

14

 

This Power of
Attorney is coupled with an interest and is irrevocable except with the consent
of Agent.

 

Dated as of  March 22, 2005.

 

 

	
   

  	
  SILICON GRAPHICS, INC., a
  Delaware

  corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
        /s/
  Jean Furter

  	
   

  
	
   

  	
  Name:

  	
   Jean Furter

  	
   

  
	
   

  	
  Title:

  	
  Vice President, Treasurer

  	
   

  
						

 

	
  SUBSCRIBED AND SWORN TO

  	
   

  
	
  before me this 22nd
  day of March, 2005.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Notary Public [Seal]

  	
   

  
	
   

  	
   

  
	
  /s/ Jeannette M. Schreckenghaust

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SILICON GRAPHICS FEDERAL, INC., a

  Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Jeffrey Zellmer

  	
   

  
	
   

  	
  Name:

  	
    Jeffrey Zellmer

  	
   

  
	
   

  	
  Title:

  	
     Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUBSCRIBED AND SWORN TO

  	
   

  
	
  before me this 22nd
  day of March, 2005.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Notary Public [Seal]

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Jeannette M. Schreckenghaust

  	
   

  	
   

  
										

 

15

 

Exhibit B

 

POWER OF
ATTORNEY

Patent
Assets

 

Pursuant to
the terms of that certain Loan and Security Agreement, dated as of April 10,
2001, as amended and restated by that certain Amended and Restated Loan and
Security Agreement, dated as of September 24, 2002 (as amended from time
to time, the “Loan Agreement”), and that certain Amended and Restated
Intellectual Property Security Agreement, of even date herewith, as each may be
amended, restated, modified or supplemented and in effect from time to time,
each of Silicon Graphics, Inc., a Delaware corporation (“Parent”) and Silicon
Graphics Federal, Inc., a Delaware corporation (“Sub” and together with Parent,
the “Obligors”), hereby grants to Wells Fargo Foothill, Inc., a California
corporation (formerly known as Foothill Capital Corporation) (together with its
successors and assigns, “Agent”), a power of attorney, effective only upon the
occurrence and during the continuance of an Event of Default (as defined in the
Loan Agreement):

 

(i)            to
offer to sell, to sell, to assign, to license, or to otherwise transfer
(collectively, “transfer”) any or all of either Obligor’s right, title and
interest around the world in and to the patents listed on Schedule A
attached hereto, including the registrations and applications to register such
patents;

 

(ii)           to
execute all documents on its behalf and do all acts necessary or desirable to
effect the above stated transfers of right, as if Agent were the applicable
Obligor at all appropriate times; and

 

(iii)          to
receive and retain consideration, including money, in connection with and in
payment for any such transfer.

 

All transfers and such acts as described
above are hereby ratified and confirmed by each Obligor.

 

16

 

This Power of Attorney is coupled with an
interest and is irrevocable except with the consent of Agent.

 

Dated as of March 22, 2005.

 

 

	
   

  	
  SILICON GRAPHICS, INC., a
  Delaware

  corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
        /s/
  Jean Furter

  	
   

  
	
   

  	
  Name:

  	
    Jean Furter

  	
   

  
	
   

  	
  Title:

  	
  Vice President, Treasurer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUBSCRIBED AND SWORN TO

  	
   

  
	
  before me this 22nd
  day of March, 2005.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Notary Public [Seal]

  	
   

  
	
   

  	
   

  
	
  /s/ Jeannette M. Schreckenghaust

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SILICON GRAPHICS FEDERAL, INC., a

  Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Jeffrey Zellmer

  	
   

  
	
   

  	
  Name:

  	
    Jeffrey Zellmer

  	
   

  
	
   

  	
  Title:

  	
     Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUBSCRIBED AND SWORN TO

  before me this 22nd day of March, 2005.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Notary Public [Seal]

  	
   

  
	
   

  	
   

  
	
  /s/ Jeannette M. Schreckenghaust

  	
   

  	
   

  
											

 

17

 

Exhibit C

 

POWER OF
ATTORNEY

Copyright
Assets

 

Pursuant to the terms of that certain Loan
and Security Agreement, dated as of April 10, 2001, as amended and
restated by that certain Amended and Restated Loan and Security Agreement,
dated as of September 24, 2002 (as amended from time to time, the “Loan
Agreement”), and that certain Amended and Restated Intellectual Property
Security Agreement, of even date herewith, as each may be amended, restated,
modified or supplemented and in effect from time to time, each of Silicon
Graphics, Inc., a Delaware corporation (“Parent”) and Silicon Graphics Federal,
Inc., a Delaware corporation (“Sub” and together with Parent, the “Obligors”),
hereby grants to Wells Fargo Foothill, Inc., a California corporation (formerly
known as Foothill Capital Corporation) (together with its successors and
assigns, “Agent”), a power of attorney, effective only upon the occurrence and
during the continuance of an Event of Default (as defined in the Loan
Agreement):

 

(i)            to
offer to sell, to sell, to assign, to license, or to otherwise transfer
(collectively, “transfer”) any or all of either Obligor’s right, title and
interest around the world in and to the copyrights listed on Schedule A attached hereto, including the registrations
and applications to register such copyrights;

 

(ii)           to
execute all documents on its behalf and do all acts necessary or desirable to
effect the above stated transfers of right, as if Foothill were the Borrower at
all appropriate times; and

 

(iii)          to
receive and retain consideration, including money, in connection with and in
payment for any such transfer.

 

All transfers and such acts as described
above are hereby ratified and confirmed by each Obligor.

 

18

 

This Power of Attorney is coupled with an
interest and is irrevocable except with the consent of Agent.

 

Dated as of March 22, 2005.

 

 

	
   

  	
  SILICON GRAPHICS, INC., a
  Delaware

  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
      /s/ Jean Furter

  	
   

  
	
   

  	
  Name:

  	
    Jean Furter

  	
   

  
	
   

  	
  Title:

  	
  Vice President, Treasurer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUBSCRIBED AND SWORN TO

  before me this 22nd day of March, 2005.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Notary Public [Seal]

  	
   

  
	
   

  	
   

  
	
  /s/ Jeannette M. Schreckenghaust

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SILICON GRAPHICS FEDERAL, INC., a

  Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Jeffrey Zellmer

  	
   

  
	
   

  	
  Name:

  	
   Jeffrey Zellmer

  	
   

  
	
   

  	
  Title:

  	
    Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUBSCRIBED AND SWORN TO

  before me this 22nd day of March, 2005.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Notary Public [Seal]

  	
   

  
	
   

  	
   

  
	
  /s/ Jeannette M. Schreckenghaust

  	
   

  	
   

  
									

 

19

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