Document:

General Security Agreement

 Exhibit 10.4 
 GENERAL SECURITY AGREEMENT 
 The undersigned Financial Insight Systems, Inc. (the “Debtor”) and
ROSENTHAL & ROSENTHAL, INC., (the “Secured Party”), with addresses as they appear with their signatures below, AGREE, as follows: 
 1. In
consideration of one or more loans, advances, or other financial accommodations at any time before, at or after the date hereof made or extended by Secured Party to Debtor, directly or indirectly, as principal, guarantor or otherwise, Debtor hereby
grants to Secured Party a security interest in, and assigns to Secured Party, the Collateral described in Paragraph 2 to secure the payment, performance and observance of all indebtedness, obligations and liabilities of any kind of Debtor to Secured
Party, now existing or hereafter arising, direct or indirect (including participations or interest of Secured Party in obligations of Debtor to others), acquired outright, conditionally, or as collateral security from another, absolute or
contingent, joint or several, secured or unsecured, due or not, contractual or tortious, liquidated or unliquidated, arising by operation of law or otherwise, and all instruments evidencing any of the foregoing obligations (all of the foregoing
being herein referred to as the “Obligations”). 
 2. The Collateral is described as follows and/or on Schedule A annexed hereto as part
hereof and on any separate schedule at any time furnished by Debtor to Secured Party (which are hereby deemed part of this Security Agreement), which Collateral includes all attachments, accessions and equipment now or hereafter affixed to the
Collateral or used in connection therewith, substitutions and replacements thereof, and (unless the description of the Collateral expressly excludes after acquired collateral), all items of the Collateral both now existing and hereafter acquired,
created or arising, and all proceeds and products thereof, if any: 
 (a) All present and future accounts, instruments, documents, chattel paper, investment
property, deposit accounts, letter of credit rights and general intangibles (including, without limitations, all tax refund claims and license fees), now owned or hereafter acquired, and the goods represented by any of the foregoing or described in
copies of invoices delivered to Secured Party in connection with any of the foregoing; all returned, reclaimed or repossessed goods with respect to any of the foregoing; all rights and remedies of the Debtor under or in connection with any of the
foregoing; and all proceeds thereof (including, without limitation, insurance refund claims and all other insurance claims and proceeds) and (b) all inventory now owned or hereafter acquired wheresoever located, presently existing or hereafter
arising, and all additions and accessions thereto, including, without limitation, raw materials, work in process, finished merchandise and all wrapping, packing and shipping materials, all now owned or hereafter acquired chattel paper, patents,
patent applications, trademarks, trademark applications, service marks, service mark applications, tradenames, tradestyles, copyrights, copyright applications; provided, however, that Debtor conveys no rights whatsoever in any trademarks,
tradenames, service marks or other rights of Debtor to use the term “EDGAR®” and that no such tradenames, service marks or other rights, in whole or in part, shall constitute “Collateral” 

 
hereunder; and provided, further, that Secured Party acknowledges that EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission (the “SEC”); rights to proceeds of
letters of credit, letter of credit rights and all proceeds of any of the foregoing (including, without limitation, insurance refund claims and all other insurance claims and proceeds); and all machinery, equipment, furniture, fixtures, and chattel
paper now owned or hereafter acquired wheresoever located, including, without limitation, any and all parts, replacements, substitutions, improvements, accessories, attachments and additions thereto and therefor and the proceeds thereof (including,
without limitation, insurance refund claims and all other insurance claims and proceeds). 
 3. Debtor warrants, represents and covenants that: (a) the
chief executive office of Debtor, the books and records relating to the Collateral and the Collateral, are located at the addresses set forth below and Debtor will not change any of the same without forty-five (45) days prior written notice to
Secured Party; (b) the Collateral is and will be used in Debtor’s business and not for personal, family, household or farming use; (c) at all times the Collateral will be owned by Debtor free and clear of all liens, security interests
and encumbrances except as set forth on Schedule B (“Permitted Encumbrances”), if any, annexed hereto as part hereof; (d) Debtor will not assign, sell mortgage, lease, transfer, pledge, grant a security interest in, encumber,
or otherwise dispose of or abandon any part or all of the Collateral without prior written consent of Secured Party, except for Permitted Liens and the sale from time to time in the ordinary course of business of Debtor of such items of Collateral
as may constitute part of the business inventory of Debtor and the sale of Equipment or other fixed assets in the ordinary course of business as part of replacement or upgrade policies and procedures; (e) Debtor will make payment or deposit
when due of all taxes, assessments or contributions required by law which may be levied or assessed with respect to any of the Collateral, and will deliver to Secured Party, on demand, certificates attesting thereto; provided however, that Debtor
shall not be required to pay or discharge any tax, assessments, contributions or governmental charge the amount, applicability or validity is being contested in good faith by appropriate proceedings being diligently pursued and for which adequate
reserves have been established; (f) Debtor will use the Collateral for lawful purposes only, with all reasonable care and caution and in conformity with all applicable laws, ordinances and regulations, the failure to comply with which would
have a Material Adverse Effect; (g) Debtor will keep the Collateral in commercially reasonable order, repair, running and marketable condition, at Debtor’s own cost and expense; (h) Secured Party shall at all times during
Debtor’s normal business hours have free access to and right of inspection of the Collateral and any records pertaining thereto (and the right to make extracts from and to have access to, and may receive from Debtor when deemed necessary by
Secured Party, originals or true copies of such records and any papers and instruments relating to any or all of the Collateral upon request therefor); (i) the Collateral is now and shall remain personal property, and Debtor will not permit any
of the Collateral to become a part of or affixed to real property without prior written notice to Secured Party and without first making all arrangements, and delivering to Secured Party all instruments and documents, reasonably requested by and
satisfactory to Secured Party to protect the primary security interest granted herein against all persons; (j) Debtor, at its own expense, will insure the Collateral in the name of and with loss or damage payable to Secured Party, against loss
or damage, by fire and extended coverage, theft, burglary, bodily injury and such other risks, with such companies and in such amounts, as is required 

  

 - 2 - 

 
reasonably by Secured Party at any time (all such policies providing ten (10) days minimum written notice of cancellation to Secured Party) and Debtor
shall deliver to Secured Party the original or duplicate policies, or certificates or other evidence satisfactory to Secured Party of compliance with the foregoing insurance provisions and Debtor will promptly notify Secured Party of any material
loss or damage to any of the Collateral or arising from its use; (k) at its option, Secured Party may apply any insurance monies received at any time to the cost of repairs to the Collateral and/or to payment of any of the Obligations, whether
or not due, in any order Secured Party may determine, any surplus (after payment of all reasonable costs, attorney’s fees and disbursements) to be remitted to Debtor; (l) Debtor will, at its expense, perform all acts and execute all
documents reasonably requested by Secured Party, at any time or otherwise necessary to evidence, perfect, maintain and enforce Secured Party’s primary security interest in the Collateral; (m) Debtor assumes all responsibility and liability
arising from the use of the Collateral; (n) upon request of Secured Party, at any time and from time to time, Debtor shall, at its sole cost and expense, execute and deliver to Secured Party one or more financing statements pursuant to the
Uniform Commercial Code (“UCC”) and any other papers, documents or instruments requested by Secured Party in connection with this Security Agreement, and Debtor hereby authorizes Secured Party to execute and file at any time or times, one
or more financing statements or other notices, of security interest with respect to all or any part of the Collateral; (o) in its discretion, Secured Party may, whether or not an event of default has occurred or any of the Obligations be due,
in its name or Debtor’s or otherwise, notify any account debtor or obligor of any account, contract right, instrument, document, chattel paper or general intangibles included in the Collateral to make payment to Secured Party; (p) Secured
Party, may in its sole discretion, demand, sue for, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable by Secured Party with respect to,
any of the Collateral, and/or extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral all without notice to/or consent by Debtor and without otherwise discharging or
affecting the Obligations or the security interest granted herein; (q) Secured Party may in its discretion, for the account and expense of Debtor, pay any amount or do any act required of Debtor hereunder or requested by Secured Party to
preserve, protect, maintain or enforce the Obligations or the primary security interest granted herein, and which Debtor fails to do or pay; (r) Debtor will promptly pay Secured Party for any and all sums, costs, and expenses which Secured
Party may pay or incur in defending, protecting or enforcing the primary security interest granted herein or in enforcing payment of the Obligations or otherwise in connection with the provisions hereof, including but not limited to all court costs,
collection charges, travel, and attorney’s fees and expenses, all of which, together with legal interest, shall be part of the Obligations; (s) if a Default has occurred and is continuing, Secured Party, in its discretion, may transfer to
or register in the name of Secured Party or its nominee all or any of the Collateral consisting of securities, and under such circumstances, whether or not so transferred or registered, Secured Party shall be entitled to (i) receive all income
and dividends thereon (including stock dividends and rights to subscribe) as a part of the Collateral, (ii) exchange any or all such Collateral upon the reorganization, recapitalization, or readjustment of any entity issuing such securities,
(iii) vote such Collateral so transferred or registered, and (iv) exercise any or all power with respect thereto as if an absolute owner thereof; (t) at any time Secured Party may assign, transfer and deliver to any transferee of any
of the Obligations, any or all of 

  

 - 3 - 

 
the Collateral, whereupon Secured Party shall be fully discharged from all responsibility and the transferee shall be vested with all powers and rights of
Secured Party hereunder with respect thereto, but Secured Party shall retain all rights and powers with respect to any Collateral not assigned, transferred or delivered. 
 4. The occurrence of any one or more of the following events shall constitute an event of default (“Default”) by Debtor under this Security Agreement: (a) any Default under the Financing Agreement dated
on or about the date hereof between Secured Party and Debtor; (b) if at any time Secured Party shall, in its reasonable judgment, consider the Obligations insecure or any material portion of the Collateral unsafe, insecure or insufficient, and
Debtor shall not on demand furnish other collateral or make payment on account, satisfactory to Secured Party; (c) if Debtor or any obligor, maker, endorser, acceptor, surety or guarantor of, or any party to, any of the Obligations or the
Collateral (the same, including Debtor, being collectively referred to herein as “Obligors”) shall default in the punctual payment of any sum payable with respect to, or in the observance or performance of any of the terms and conditions
of, any Obligations or of this Security Agreement (after the lapse of any applicable notice, cure or grace periods); (d) if any warranty, representation or statement of fact made to Secured Party in any Loan Document or any certificate or
notice given under any thereof, by or on behalf of Debtor is false or misleading in any material respect when made; (e) if there occurs any loss, theft, substantial damage to or destruction of any of the Collateral, or the making of any levy
on, seizure, attachment or garnishment of any material portion of the Collateral; (f) if any of the Obligors being a natural person or any general partner of an Obligor which is a partnership, shall die or (being a partnership or corporation)
shall be dissolved, or if any of the Obligors (if a corporation) shall fail to maintain its corporate existence in good standing and shall not restore such good standing within ten (10) Business Days of receiving knowledge thereof; (g) if
any of the Obligors shall become insolvent (however defined or evidenced) or commit an act of bankruptcy or make an assignment for the benefit of creditors or appoint a committee of creditors, or make or send notice of an intended bulk transfer, or
if there shall be convened by any Obligor a meeting of the creditors or principal creditors of any of the Obligors for the purpose of initiating any of the actions or proceedings referred to in this sub-clause (g); (h) if there shall be filed
by or against any of the Obligors any petition for any relief under the bankruptcy laws of the United States now or hereafter in effect or under any insolvency, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now
or hereafter in effect (whether at law or in equity) and such proceeding shall remain undismissed for a period of sixty (60) days; (i) if the usual business of any of the Obligors shall be terminated or suspended; (j) if any
proceeding, procedure or remedy supplementary to or in enforcement of judgment shall be commenced against, or with respect to any property of, any of the Obligors, the unsuccessful resolution of which would have a Material Adverse Effect; or
(k) if any petition or application to any court or tribunal, at law or in equity, be filed by or against any of the Obligors for the appointment of any receiver or trustee for any of the Obligors or any substantial portion of the property of
any of them and such proceeding shall remain undismissed for a period of sixty (60) days. 
 5. Upon the occurrence of any Default and
at any time thereafter so long as such Default remains uncured or waived, in each case, as set forth in writing by Secured Party, 

  

 - 4 - 

 
Secured Party may, upon written notice to or demand upon Debtor, declare any or all Obligations of Debtor immediately due and payable and Secured Party, at
which time Secured Party may, at its option, exercise any of the following rights and remedies (to the extent permitted by applicable law) in addition to all rights and remedies of a secured party under the UCC, all such rights and remedies being
cumulative, not exclusive and enforceable alternatively, successively or concurrently: 
 (a) Secured Party may, at any time and from time to
time, with or without judicial process and the aid and assistance of others enter upon any premises in which any of the Collateral may be located and, without resistance or interference by Debtor, take possession of the Collateral; and/or dispose of
any part or all of the Collateral on any premises of Debtor; and/or require Debtor to assemble and make available to Secured Party at the expense of Debtor any part or all of the Collateral at any place and time designated by Secured Party which is
reasonably convenient to both parties; and/or remove any part or all of the Collateral from any premises on which any part may be located for the purpose of effecting sale or other disposition thereof (and if any of the Collateral consists of motor
vehicles, Secured Party may use Debtor’s license plates); and/or sell, resell, lease, assign and deliver, grant options for or otherwise dispose of any or all of the Collateral in its then condition or following any commercially reasonable
preparation or processing, at public or private sale or proceedings, by one or more contracts, in one or more parcels, at the same or different times, with or without having the Collateral at the place of sale or other disposition, for cash and/or
credit, and upon any terms, at such place(s) and time(s) and to such persons, firms or corporations as Secured Party deems best, all without demand for performance or any notice or advertisement whatsoever except that where an applicable statute
requires reasonable notice of sale. Debtor hereby agrees that the sending of ten (10) days notice by ordinary mail, postage prepaid, to Debtor at 50 Washington Street, Norwalk, CT 06984 of the place and time of any public sale or of the time
after which any private sale or other intended disposition is to be made, shall be deemed reasonable notice thereof. If any of the Collateral is sold by Secured Party upon credit or for future delivery, Secured Party shall not be liable for the
failure of the purchaser to pay for same and in such event Secured Party may resell such collateral. Secured Party may buy any part or all of the Collateral at any public sale and if any part or all of the Collateral is of a type customarily sold in
a recognized market or is of the type which is the subject of widely distributed standard price quotations Secured Party may buy at private sale and may make payment therefor by any means. Secured Party may apply the cash proceeds actually received
from any sale or other disposition of Collateral to the expenses of retaking, holding, preparing for sale, selling, leasing and the like, to attorney’s fees and all expenses, travel and other expenses which may be incurred by Secured Party in
attempting to collect the Obligations or enforce this Security Agreement or in the prosecution or defense of any action or proceeding related to the subject matter of this Security Agreement; and then to the Obligations in such order and as to
principal or interest as Secured Party may desire; and Debtor shall remain liable and will pay Secured Party on demand any deficiency remaining, including legal interest thereon and the balance of any expenses unpaid, with any surplus to be paid to
Debtor, subject to any duty of Secured Party imposed by law to the holder of any subordinate security interest in the Collateral known to Secured Party. Debtor recognizes that the Secured Party may be unable to effect a public sale of all or a part
of the Collateral consisting of securities by reason of certain prohibitions contained in the Securities Act of 1933, but may be 

  

 - 5 - 

 
compelled to resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such
securities for their own account, for investment and not with a view to the distribution or resale thereof. Debtor agrees that any such private sales may be at prices and other terms less favorable to the seller than if sold at public sales and that
such private sales shall not be deemed to have been made in a commercially unreasonable manner by virtue of any discount at which such sales are made; Secured Party has no obligation to delay sale of any such securities for the period of time
necessary to permit the issuer of such securities, even if such issuer would agree, to register such securities for public sale under the Securities Act of 1933; 
 (b) Secured Party may appropriate, set off and apply to the payment of any or all of the Obligations, any and all balances, sums, property, claims, credits, deposits, accounts, reserves, collections, drafts, notes, or
other items or proceeds of the Collateral in or coming into the possession of Secured Party or its agents and belonging or owing to Debtor, following written notice to Debtor, and in such manner as Secured Party may in its discretion determine;

 (c) any of the proceeds of the Collateral received by Debtor shall not be commingled with other property of Debtor, but shall be
segregated, held by the Debtor in trust as the exclusive property of Secured Party, and Debtor will immediately deliver to Secured Party the identical checks, monies, or other proceeds of Collateral received. 
 6. To effectuate the terms and provisions hereof and subject to Article 8 of the Financing Agreement, Debtor hereby designates and appoints Secured Party and its
designees or agents as attorney-in-fact of Debtor, irrevocably and with power of substitution, with authority to receive, open and dispose of all mail addressed to Debtor, to notify the Post Office authorities to change the address for delivery of
mail addressed to Debtor to such address as Secured Party may designate; to endorse the name of Debtor on any notes, acceptances, checks, drafts, money orders or other evidences of payment or proceeds of the Collateral that my come into Secured
Party’s possession; to sign the name of Debtor on any invoices, documents, drafts against and notices to account debtors of Debtor, assignments and requests for verification of accounts; to execute proofs of claim and loss; to execute any
endorsements, assignments, or other instruments of conveyance or transfer to adjust and compromise any claims under insurance policies; to execute releases; and to do all other acts and things necessary and advisable in the sole discretion of
Secured Party to carry out and enforce this Security Agreement. All acts of said attorney or designee are hereby ratified and approved and said attorney or designee shall not be liable for any acts of commission or omission, nor for any error of
judgment or mistake of fact or law; provided that such act or omission does not constitute fraud, willful misconduct or gross negligence. This power of attorney being coupled with an interest is irrevocable while any of the Obligations shall remain
unpaid. 
 7. Under no circumstances shall Secured Party be deemed to assume any responsibility for or obligation or duty with respect to any part or all of
the Collateral, of any nature or kind, or any matter or proceedings arising out of or relating thereto, but the same shall be at the Debtor’s sole risk at all times. Secured Party shall not be required to take any action of any kind to collect,
preserve, or protect its or Debtor’s rights in the Collateral or against other parties thereto, 

  

 - 6 - 

 
provided that such acts or omissions do not constitute fraud, willful misconduct or gross negligence. Debtor hereby releases Secured Party from any claims,
causes of action and demands at any time arising out of or with respect to this Security Agreement, the Obligations, the use of the Collateral and/or any actions taken or omitted to be taken by Secured Party with respect thereto, and Debtor hereby
agrees to hold Secured Party harmless from and with respect to any and all such claims, causes of action and demands. Secured Party’s prior recourse to any part or all of the Collateral shall not constitute a condition of any demand, suit or
proceeding for payment or collection of the Obligations. No act, failure or delay by Secured Party shall constitute a waiver of its rights and remedies hereunder or otherwise. No single or partial waiver by the Secured Party of any default, or right
or remedy which it may have shall operate as a waiver of any other default, right or remedy or the same default, right or remedy on a future occasion. DEBTOR HEREBY WAIVES PRESENTMENT, NOTICE OF DISHONOR AND PROTEST OF ALL INSTRUMENTS INCLUDED IN
OR EVIDENCING ANY OF THE OBLIGATIONS OR THE COLLATERAL, AND ANY AND ALL OTHER NOTICES AND DEMANDS WHATSOEVER (EXCEPT AS EXPRESSLY PROVIDED HEREIN OR IN ANY OTHER LOAN DOCUMENT). IN THE EVENT OF ANY LITIGATION, WITH RESPECT TO ANY MATTER CONNECTED
WITH THIS SECURITY AGREEMENT, THE OBLIGATIONS OR THE COLLATERAL, DEBTOR HEREBY WAIVES THE RIGHT TO A TRIAL BY JURY AND ALL DEFENSES, RIGHTS OF SETOFF AND RIGHTS TO INTERPOSE COUNTERCLAIMS OF ANY NATURE. DEBTOR HEREBY IRREVOCABLY CONSENTS TO THE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY OF NEW YORK AND OF ANY FEDERAL COURT LOCATED IN SUCH CITY OF NEW YORK IN CONNECTION WITH ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE OBLIGATIONS, THIS SECURITY
AGREEMENT OR THE COLLATERAL, OR ANY DOCUMENT OR INSTRUMENT DELIVERED WITH RESPECT TO ANY OF THE OBLIGATIONS. DEBTOR HEREBY WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING AND AGREES
THAT THE SERVICE THEREOF MAY BE MADE BY CERTIFIED OR REGISTERED MAIL DIRECTED TO DEBTOR AT ITS CHIEF EXECUTIVE OFFICE SET FORTH BELOW, OR AT SUCH OTHER ADDRESS AS DEBTOR MAY DESIGNATE BY WRITTEN NOTIFICATION BY CERTIFIED OR REGISTERED MAIL DIRECTED
TO AND RECEIVED BY SECURED PARTY AT ITS OFFICE SET FORTH IN THE FINANCING STATEMENTS FILED HEREUNDER (OR IF NO SUCH FINANCING STATEMENTS HAVE BEEN FILED, AT THE OFFICE OF SECURED PARTY AT WHICH IS LOCATED THE OFFICER IN DIRECT SUPERVISION OF THE
WITHIN SECURITY INTEREST). The Debtor so served shall appear or answer to such summons, complaint or other process within thirty (30) days after the mailing thereof. Should the Debtor so served fail to appear or answer within said thirty
(30) day period, such Debtor shall be deemed in default and judgment may be entered by Secured Party against such Debtor for the amount or such other relief as may be demanded in any summons, complaint or other process so served. In the
alternative, in its discretion Secured Party may effect service upon Debtor in any other form or manner permitted. No provision hereof shall be modified, altered or limited except by a written instrument expressly referring to this Security
Agreement and to the provision so modified or 

  

 - 7 - 

 
limited and executed by the party to be charged. Debtor, if more than one, shall be jointly and severally liable hereunder. The execution and delivery of
this Security Agreement has been authorized by the Board(s) of Directors of Debtor and by any necessary vote or consent of stockholders of Debtor (if a corporation). This Security Agreement and all Obligations shall be binding upon the heirs,
executors, administrators, successors, or assigns of Debtor, and shall, together with the rights and remedies of Secured Party hereunder, inure to the benefit of Secured Party, its successors, endorsees and assigns. This Security Agreement and the
Obligations shall be governed in all respects by the laws of the State of New York. If any term of this Security Agreement shall be held to be invalid, illegal or unenforceable, the validity of all other terms hereof shall in no way be affected
thereby. Secured Party is authorized to annex hereto any schedules referred to herein. Debtor acknowledges receipt of a copy of this Security Agreement. All terms used and not otherwise defined herein shall have the meanings as defined in the
Financing Agreement or the New York Uniform Commercial Code, as applicable. 
 IN WITNESS WHEREOF, Debtor has caused this Agreement to be
executed by its corporate officers thereto duly authorized as of April 5, 2007. 
  

							
	 	 	FINANCIAL INSIGHT SYSTEMS, INC.	 	 
				
		 	By:	 	 /s/ Susan Strausberg
	 	
		 		 	President and Chief Executive Officer	 	
			
	Location of Debtor’s Books and Records:	 	Chief Executive Office of Debtor:	 	
	50 Washington Street	 	50 Washington Street	 	
	Norwalk, CT 06854	 	Norwalk, CT 06854	 	
			
	Mailing Address of Debtor:	 	Other Places of Business of Debtor:	 	
	50 Washington Street	 		 	
	Norwalk, CT 06854	 		 	
		 	1.	 	11200 Rockville Pike, Rockville, MD 20852	 	
				
		 	2.	 	  
	 	

  

 - 8 - 

									
	 Name of record owner of real estate where
 any of the collateral is or may be affixed to
 realty:
	 	Tradenames of Debtor:	 	 
					
	1.	 	  
	 	1.	 	  
	 	

  

 - 9 - 

 Schedule A 
 All Assets as described in paragraph 2 hereof. 
  

 - 10 - 

 Schedule B 
  

 - 11 -Intellectual Property Security Agreement

 Exhibit 10.5 
 As of April 5, 2007 
 EDGAR Online, Inc. 
 50 Washington Street 
 Norwalk, CT 06854 
  

	 	Re:	Intellectual Property Security Agreement 

 We have
entered into a Financing Agreement dated on or about the date hereof (the Financing Agreement, as amended and supplemented, shall be referred to hereinafter as the “Financing Agreement”) among Rosenthal & Rosenthal, Inc., as
Lender (hereinafter referred to as “us”, “we”, “our” and like terms), and EDGAR Online, Inc., as Borrower (hereinafter referred to as “you”) pursuant to which you have incurred Obligations (as defined in the
Financing Agreement). 
 As part of the inducement for us to enter into the Financing Agreement and in consideration of the loans we may make
to you thereunder, you have agreed to execute this Intellectual Property Security Agreement covering the Trademarks and Domain Names listed on Schedule A, the U.S. patents listed on Schedule B, the U.S. copyrights listed on Schedule
C, the license agreements listed on Schedule D (the “Licenses”) and any future intellectual property registrations, applications, licenses you may enter into authorizing third parties to use your intellectual property and all
Proceeds (as hereinafter defined) of such Licenses and any other intellectual property rights you now have or may obtain in the future. 
 1.
DEFINED TERMS 
 As used in this Security Agreement, terms defined in the Financing Agreement and not otherwise defined herein shall have
their defined meanings and the following terms shall have the following meanings, unless the context otherwise requires: 
 “Code” shall mean the Uniform Commercial Code as the same may from time to time be in effect in the State of New York. 
 “Collateral” shall have the meaning assigned to it in Section 2 of this Security Agreement. 
 “Copyrights” shall mean all copyrights in published and unpublished works, now or hereafter existing, all right, title and interest therein anywhere in the world, and all applications, registrations and
recordings relating thereto filed in the United States Copyright Office or in any other government office or agency anywhere in the world, all whether now owned or hereafter created or acquired by you. “Copyrights” as used herein includes,
without limitation, the right to print, reprint, publish, reproduce, sell, distribute, 

 
perform, display and make derivative works based on works presently or hereafter owned by or licensed to you, in whole or in part, and all other rights which
you presently have or hereafter acquire pursuant to any contract that enables you to conduct its business anywhere in the world, including, without limitation, copyright assignments, exclusive and non-exclusive licenses; publishing agreements;
printing agreements; distribution agreements; and agreements relating to translation rights, first and second serial rights, book club, paperback and secondary publishing rights, and stage, motion picture, television, home video, phonograph record,
merchandising and all other entertainment or communication-related rights. “Copyrights” as used herein also includes, without limitation, all of your right, title and interest in all physical materials embodying works with respect to which
you own any Copyrights, including, without limitation, plates, films, color separations, mechanical art, and original art and manuscripts. 
 “Default” shall mean, for purposes of this Security Agreement, any Default as defined in the Financing Agreement. 
 “General Intangibles” shall have the meaning assigned to it under Section 9-102 of the Code. 
 “Intellectual Property Security Agreement” shall mean this Security Agreement, as the same may from time to time be amended or supplemented. 
 “Obligations” shall have the meaning assigned to that term in the Financing Agreement. The term “Obligations” shall
also include any and all reasonable attorney’s fees, costs and other expenses incurred by us or on our behalf in the collection or enforcement of any of the Obligations and the perfection, presentation and enforcement of our rights and remedies
hereunder and our security interest in the Collateral. 
 “Patents” shall mean any patent or patent application
listed on Schedule B annexed hereto, all other U.S. patents, U.S. patent applications, foreign patents, foreign patent applications (including utility models) and international (PCT) patent applications owned by you, all parents, divisions,
continuations, continuations-in-part, substitutions and changes of applications of any of the foregoing U.S., foreign or international patents or patent applications, whether related thereto directly or through one or more intervening U.S., foreign
or international applications, all U.S. and foreign patents and patent applications (including utility models) corresponding to or claiming priority from the aforesaid patents and patent applications, including all patents of addition, issuing on or
registered from any of the foregoing applications, and all reissues, reexaminations, renewals and extensions of any of the foregoing U.S. and foreign patents, all whether now owned or hereafter acquired by you, including, but not limited to, those
described in Schedule B annexed hereto. 
 “Proceeds” shall include, but not be limited to, (i) any and
all proceeds of any insurance, indemnity, warranty or guarantee payable to you from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due 

  

 - 2 - 

 
and payable to you from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the
Collateral by any governmental body, authority, bureau or agency (or any person acting under color of governmental authority), and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the
Collateral. 
 “Trademarks” shall mean any trademarks or domain names listed on Schedule A annexed hereto,
prints and labels on which said trademarks have appeared or appear, and all designs and general intangibles of like nature, now owned or hereafter adopted or acquired, all right title and interest therein and thereto, and all registrations and
recordings thereof, including, without limitation, applications, registrations and recordings in the United States Patent and Trademark Office or with any domain name registrar or in any Patent and Trademark Office in any country or in the European
Union or in any similar office or agency of the United States or any other country, any State thereof, or any political subdivision thereof, all whether now owned or hereafter adopted or acquired by you, including, but not limited to, those
described in Schedule A annexed hereto. Borrower conveys only those rights that it may convey in any trademarks, tradenames, service marks or other rights of Borrower to use the term “EDGAR®”. Lender acknowledges that EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission (the
“SEC”), that Borrower’s license agreement with the SEC prohibits any assignment of Borrower’s rights thereunder without prior written consent of the SEC and that such consent has not been obtained. 
 2. GRANT OF SECURITY INTEREST 
 As collateral
security for your prompt and complete payment and performance of all Obligations under the Financing Agreement, you hereby pledge and hypothecate in favor of us, and grant to us a security interest in all of your right, title and interest
(a) in and to the Trademarks and the good will of the business symbolized by the Trademarks, including, without limitation, all of your customer lists and other business records and that of your subsidiaries and affiliates relating to the
Trademarks in connection with the goods and services listed on Schedule A; your domain names; the registrations described in Schedule A; and any and all proceeds of the foregoing, including, without limitation, any claims by you
against third parties for infringement of the Trademarks; (b) in and to the Patents and the good will of the business symbolized by the Patents, including, without limitation, all of your licenses, lists of licensees and other business records
and that of your subsidiaries and affiliates relating to the Patents; the patents and patent applications listed in Schedule B and all other patents and patent applications owned by you; and any and all proceeds of the foregoing, including,
without limitation, any claims by you against third parties for infringement of the Patents; (c) in and to the Copyrights and the good will of the business symbolized by the Copyrights including without limitation all of your licenses and other
business records and that of your subsidiaries and affiliates relating to the Copyrights, the copyrights and copyright applications listed in Schedule C and all other copyrights and copyright applications owned by you; and any and all
proceeds of the foregoing, including, without limitation, any claims by you against third parties for infringement of the Copyrights and (d) all of your right, title and interest in, to and under the following: 
 (i) all Licenses; 
  

 - 3 - 

 (ii) all Accounts, General Intangibles and contract rights arising under or relating to
each and every License (including, without limitation, (A) all monies due and to become due under any License, (B) any damages arising out of or for breach or default in respect of any such License, (C) all other amounts from time to
time paid or payable under or in connection with any such License, and (D) your right to terminate any such License or to perform and to exercise all remedies thereunder); 
 (iii) to the extent not otherwise included, all Proceeds and products of any or all of the foregoing. All of the property referred to in
this paragraph 2 is hereinafter collectively called the “Collateral.” 
 3. OUR RIGHTS; LIMITATIONS ON OUR OBLIGATIONS 

(a) It is expressly agreed by you that, anything herein to the contrary notwithstanding, you shall remain liable under each License to observe and
perform all the conditions and obligations to be observed and performed by you thereunder, all in accordance with and pursuant to the terms and provisions of each such License. We shall not have any obligation or liability under any License by
reason of or arising out of this Security Agreement or its assignment to us or the receipt by us of any payment relating to any License, pursuant thereto, nor shall we be required or obligated in any manner to perform or fulfill any of your
obligations under or pursuant to any License, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by us or the sufficiency of any performance by any party under any License, or to present or
file any claim, or to take any action to collect or enforce any performance or the payment of any amounts which may have been assigned to us or to which we may be entitled at any time or times. 
 (b) We may in our own name or in the name of others communicate with parties to the Licenses in order to verify with them to our satisfaction the
existence, amount and terms of any Licenses. 
 (c) Upon Default, we may at any time notify parties to the Licenses that we have a security
interest in one or more of the Licenses and notify said parties that payments shall be made directly to us thereafter. Upon our request at any time if such Default has occurred and is continuing, you will so notify such parties to the Licenses.

 4. REPRESENTATIONS AND WARRANTIES 
 (a) Schedule A to this Security Agreement contains a schedule of all Trademarks. To the best of your knowledge, in the use of the Trademarks, domain names or otherwise, you and your affiliates and subsidiaries have not infringed, and
are not now infringing on any trade name, trademark, service mark, copyright, patent, right of privacy or publicity, and 

  

 - 4 - 

 
are not competing unfairly with, or otherwise violating the rights of any other party. Except as set forth in Schedule D, you are not a party to any
trademark license agreement or arrangement, whether as licensor or licensee or otherwise, with respect to any trademarks, service marks, trade names, or copyrights, trade secrets, know-how, or confidential information which are used in connection
with the goods and services recited in the Trademarks. 
 (b) Schedule B to this Security Agreement contains a schedule of all Patents. To
the best of your knowledge, you and your affiliates and subsidiaries have not infringed, and are not now infringing on any patent or otherwise violating the patent rights of any other party, and have not misappropriated, and are not now
misappropriating on any trade secret or otherwise violating the trade secrets rights of any other party. Except as set forth in Schedule D, you are not a party to any patent or trade secret license, agreement or arrangement, whether as
licensor or licensee or otherwise. 
 (c) To the best of your knowledge, you and your affiliates and subsidiaries have not infringed, and are
not now infringing on any copyright or otherwise violating the copyright rights of any other party. Except as set forth in Schedule D, you are not a party to any copyright license, agreement or arrangement, whether as licensor, licensee or
otherwise. 
 (d) You own or have rights of use in all the Trademarks, Patents and Copyrights listed on Schedules A, B and
C for your business as now conducted by you and such use does not, to the best of your knowledge, and will not, conflict with, infringe on, or otherwise violate any rights of others and the Trademarks, Patents and Copyrights are valid and
enforceable. 
 (e) You are the owner of or have rights of use in all the Trademarks, Patents and Copyrights listed on Schedules A,
B and C for the goods and descriptions set forth on said Schedules throughout the United States, and no persons, other than the licensees and licensors identified in Schedule D have the right to use the Trademarks, Patents or
Copyrights in the United States. 
 (f) Other than as specifically noted on the Schedules, none of the Trademarks, Patents or Copyrights
listed on Schedules A, B and C have been abandoned. 
 (g) Each License referred to in Schedule D is a bona fide,
valid and legally enforceable obligation by you, to your knowledge, and the licensees thereto. To the best of your knowledge, all consents, approvals or authorizations required to be obtained, effected or given in connection with the execution,
delivery and performance of each License by each party thereto and you have been duly obtained, effected or given, are in full force and effect and do not subject the scope of such License to any materially adverse limitation, either specific or
general in nature. The rights and obligations of you as Licensor or licensee, shall also be for the benefit of us, as a secured lender, to you and to any subsequent purchaser of such Licenses from us. 
 (h) With respect to each License referred to in Schedule D, neither you nor any other party to such License is in default nor, to the best of your
knowledge, is likely to 

  

 - 5 - 

 
become in default in the performance or observance of any of the terms thereof. You have fully performed all of your material obligations under each License
and your right, title and interest in any License is not subject to any defense, offset, counterclaim or claim, nor have any of the foregoing been asserted or alleged against you or your predecessor(s) as to any License. 
 (i) The Collateral now owned by you is valid and subsisting and in full force and effect and you have the sole, full and clear title thereto, except as
set forth in any Schedule to this Security Agreement. You have the right and power to grant the security interest herein granted and the Collateral is not subject to any liens, claims, mortgages, assignments, licenses (other than licenses set forth
on Schedule D hereto) or security interests, other than as set forth on Schedule I attached hereto (the “Permitted Encumbrances”). 
 (j) No security agreement, financing statement, equivalent security or lien instrument or continuation statement covering all or any part of the Collateral is on file or of record in any public office, except such as may have been filed by
you in favor of us pursuant to this Security Agreement to the Financing Agreement, and except as set forth on Schedule J hereto. 
 (k) This Security Agreement constitutes a valid and continuing lien on and security interest in the Collateral in our favor, prior to all other liens, encumbrances, security interests and rights of others, other than the Permitted
Encumbrance, and is enforceable as such as against your creditors and customers, subject to applicable bankruptcy and insolvency laws and general equitable principles. 
 (l) Your principal place of business and the place where your records concerning the Collateral are kept is the address set forth above and you will not change such principal place of business or remove such records
without forty-five (45) days prior written notice to us. 
 (m) The summary description of the Licenses set forth in Schedule D
to this Security Agreement is true and correct in all material respects. You will promptly notify us of all license agreements covering the Trademarks, Patents and Copyrights executed after the date of this Security Agreement. 
 (n) Except as set forth in Schedule D, you are not a party to any license, agreement or arrangement with respect to the Trademarks, Patents or
Copyrights. 
 5. COVENANTS 
 You
covenant and agree with us that from and after the date of this Security Agreement and until the Obligations are fully satisfied: 
 (a)
Further Documentation; Pledge of Instruments. At any time and from time to time, upon our written request, and at your sole expense, you will promptly and duly execute and deliver any and all such further instruments and documents and take
such further action as 

  

 - 6 - 

 
we may reasonably deem desirable in obtaining the full benefits of this Security Agreement and of the rights and powers herein granted, including, without
limitation, the filing of any financing or continuation statements under the Uniform Commercial Code in effect in any jurisdiction with respect to the liens and security interest granted thereby. You also hereby authorize us to file any such
financing or continuation statement pertaining to the Collateral without your signature to the extent permitted by applicable law. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory
note or other instrument, such note or instrument shall be immediately pledged to us hereunder, duly endorsed in a manner satisfactory to us. 
 (b) Maintenance of Records. You will keep and maintain at your own cost and expense satisfactory and complete records of the Collateral including, without limitation, a record of all payments received and all credits granted with
respect to the Collateral and all other dealings with the Collateral. You will mark your books and records pertaining to the Collateral to evidence this Security Agreement and the security interests granted hereby. For our further security, you
agree that we shall have an interest in all of your books and records pertaining to the Collateral and you shall deliver and turn over copies of any such books and records to us or to our representatives at any time after the occurrence and during
the continuation of a Default on our written demand, along with a certificate from a duly authorized officer that the copies accurately reflect the originals. 
 (c) Maintenance of Trademarks, Patents and Copyrights. You will not do any act, or omit to do any act, whereby the Trademarks, Patents or Copyrights or their registrations thereof may become abandoned,
invalidated, unenforceable, expired or will otherwise diminish the value of the Trademarks, Patents or Copyrights, and shall notify us immediately if you know of any reason or have reason to know of any ground under which this result may occur.
Without in any way limiting the foregoing, you shall take appropriate action, if any action is required, at your expense to halt the infringement of the Trademarks, Patents and Copyrights and shall properly exercise your duty to control the nature
and quality of the goods and/or services offered by Licensees in connection with the Trademarks, Patents and Copyrights listed on Schedules A, B and C. 
 (d) Indemnification. 
 (A) You assume
all responsibility and liability arising from your use of the Trademarks, Patents and Copyrights, and you hereby agree to indemnify and hold us harmless from and against any claim, suit, loss, damage or expense (including reasonable attorneys’
fees) arising therefrom. 
 (B) Upon Default, in any suit, proceedings or action brought by us under any License for any sum owing
thereunder, or to enforce any provisions of such License you will indemnify and keep us harmless from and against all expense, loss or damage suffered by reason of any defense, set off, counterclaim, recoupment or reduction or liability whatsoever
of the obligee thereunder, arising out of a breach by you of any obligation thereunder or arising out of any other agreement, indebtedness or liability at any time owing to or in favor of such obligee or its successors from you, and all of your such
obligations shall be and remain enforceable against and only against you and shall not be enforceable against us. 
  

 - 7 - 

 (e) Compliance with Laws, etc. You will comply, in all material respects, with all acts, rules,
regulations, orders, decrees, and directions of any governmental authority applicable to the Collateral or any part thereof or that is material to the operation of your business; provided, however, that you may contest any act,
regulation, order, decree or direction in any reasonable manner, which shall not, in our sole opinion exercised in good faith, adversely affect our rights or the first priority of our security interest in the Collateral. 
 (f) Payment of Obligations. You will pay when due all taxes, assessments and governmental charges or levies imposed upon the Collateral or in
respect of its income or profits therefrom, as well as all claims of any kind (including claims for labor, materials and supplies), except that no such charge need be paid if (i) the validity thereof is being contested in good faith by
appropriate proceedings, (ii) such proceedings do not involve any danger of the sale, forfeiture or loss of any of the Collateral or any interest therein and (iii) such charge is adequately reserved against in accordance with generally
accepted accounting principles. 
 (g) Compliance with Terms of Licenses, etc. You will perform and comply in all material respects
with all obligations under the Licenses and all other agreements to which you are a party or by which you are bound relating to the Collateral. 
 (h) Limitation of Liens on Collateral. You will not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any lien, security interest, encumbrance, claim or
right, in or to the Collateral, except for Permitted Encumbrances and will defend our right, title and interest in and to any of your rights under the Licenses and to the Proceeds thereof against the claims and demands of all persons whomsoever.

 (i) Limitations on Modifications of Licenses. You will not (i) amend, modify, terminate or waive any provision of any License
in any manner which could reasonably be expected to materially adversely affect the value of such License as Collateral without our prior written consent which consent will not be unreasonably withheld or delayed, (ii) fail to exercise promptly
and diligently each and every material right which you may have under each License (other than any right of termination) or (iii) fail to deliver to us a copy of each material demand, notice or document sent or received by you relating in any
way to any License. 
 (j) Further Identification of Collateral. You will furnish to us such reports in connection with the Collateral
as we may reasonably request, all in reasonable detail. 
 (k) Notices. You will advise us promptly, in reasonable detail, (i) of
any lien, or claim made or asserted against any of the Collateral, (ii) of any material change in the composition of the Collateral, and (iii) of the occurrence of any other event which would have a material effect on the aggregate value
of the Collateral or on the security interest created hereunder. 
  

 - 8 - 

 (l) Right of Inspection. Subject to the limitations of Section 5 of the Financing Agreement,
we shall at all times have full and free access during normal business hours to all of your books, correspondence and records, relating to the Collateral. 
 (m) Additional Trademarks, Patents and Copyrights and Future Trademark, Patent and Copyright Applications. In no event shall you adopt or use any Trademark, Patent or Copyrights or register or file an
application for the registration of any Trademark, Patent or Copyright with the United States Patent and Trademark Office or Copyright Office or any other country’s Patent, Trademark or Copyright Office or any similar office or agency unless
you promptly inform us, and, upon our request, you will execute and deliver any and all agreements, instruments, documents and papers as we may request to evidence our interest in your Trademarks, Patents and Copyrights and the goodwill and general
intangibles relating thereto or represented thereby. In any event, you shall update Schedules A, B, C and D hereof on an annual basis within forty-five (45) days of January 1st of each year. 
 (n) Limitation on Further Uses of Trademarks, Patents and Copyrights. You will not assign, sell, mortgage, lease, transfer, pledge, hypothecate,
grant a security interest in or lien upon, encumber, grant an exclusive or non-exclusive license, or otherwise dispose of any of the Collateral, except in the ordinary course of your business, without our prior written consent, and nothing in this
Agreement shall be deemed a consent by us to any such action. You shall advise us in writing if you enter into any license (whether as licensee or licensor) after the date hereof for the use of any Trademark, Patent or Copyright. Without in any way
limiting the foregoing, we must approve any future license or use by you of the Trademarks, Patents and Copyrights, which consent will not be unreasonably withheld, delayed or denied. 
 6. OUR APPOINTMENT AS ATTORNEY-IN-FACT 
 (a)
You hereby irrevocably constitute and appoint us and any of our officers or agents, with full power of substitution, as your true and lawful attorney-in-fact with full irrevocable power and authority in your place and stead and in your name or in
our own name, from time to time in our discretion, for the purpose of carrying out the terms of this Security 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 Security Agreement and, without limiting the generality of the foregoing, hereby give us the power and right, on your behalf, without notice to or assent by you to do the following: 
 (i) Upon the occurrence and during the continuance of a Default, to ask, demand, collect, receive and give acquittance and receipts for
any and all moneys due and to become due under any Licenses and, in your name or our own name or otherwise, to take possession of and endorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under
any Licenses and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by us for the purpose of collecting any and all such moneys due under any Licenses whenever payable;

  

 - 9 - 

 (ii) To pay or discharge taxes, liens, security interests or other encumbrances levied or
placed on or threatened against the Collateral; and 
 (iii) Upon the occurrence and during the continuance of any Default,
(A) to direct any party liable for any payment under any of the Licenses to make payment of any and all moneys due and to become due thereunder directly to us or as we shall direct; (B) to receive payment of and receipt for any and all
moneys, claims and other amounts due and to become due at any time in respect of or arising out of any Collateral; (C) to commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to
collect the Collateral or any part thereof and to enforce any other right in respect of any Collateral; (D) to defend any suit, action or proceeding brought against you with respect to any Collateral; (E) to settle, compromise, or adjust
any suit, action or proceeding described above and, in connection therewith, to give such discharges or release as we may deem appropriate; and (F) generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with
any of the Collateral as fully and completely as though we were the absolute owner thereof for all purposes, and to do, at our option and your expense, at any time, or from time to time, all acts and things which we deem necessary to protect,
preserve or realize upon the Collateral and our security interest therein, in order to effect the intent of this Security Agreement, all as fully and effectively as you might do. 
 You hereby ratify 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. Notwithstanding the foregoing, you further agree to execute any additional documents which we may require in order to confirm this power of attorney, or which we may deem necessary to enforce any of our rights
contained in this Security Agreement. 
 (b) The powers conferred on us hereunder are solely to protect our interests in the Collateral and
shall not impose any duty upon us to exercise any such powers. We shall be accountable only for amounts that we actually receive as a result of the exercise of such powers and neither we nor any of our officers, directors, employees or agents shall
be responsible to you for any act or failure to act, except for our actions or failures to act that constitute fraud, gross negligence or willful misconduct. 
 (c) You also authorize us, at any time and from time to time to execute, in connection with any sale provided for in this Section 6 or in Section 9, any endorsements, assignments or other instruments of
conveyance or transfer with respect to the Collateral. 
 7. EXECUTION OF POWER OF ATTORNEY 
 Concurrently with the execution and delivery hereof, you are executing and delivering to us, in the form of Exhibit E hereto, five (5) originals of a
Power of Attorney for the implementation of the assignment, sale or other disposal of the Trademarks, Patents and Copyrights pursuant to paragraph 6 hereof. 
  

 - 10 - 

 8. PERFORMANCE BY US OF YOUR OBLIGATIONS 
 If you fail to perform or comply with any of your agreements contained herein and we, as provided for by the terms of this Security Agreement, shall
ourselves perform or comply, or otherwise cause performance or compliance, with such agreement, our expenses incurred in connection with such performance or compliance shall be payable by you to us on demand and shall constitute Obligations secured
hereby. 
 9. REMEDIES, RIGHTS UPON DEFAULT 
 (a) If a Default shall occur and be continuing: 
 (i) All payments received by you under or
in connection with any of the Collateral shall be held by you in trust for us, shall be segregated from other funds of yours, and shall forthwith upon receipt by you, be turned over to us, in the same form as received by you (duly indorsed by you to
us, if required); and 
 (ii) any and all such payments so received by us (whether from you or otherwise) may, in our sole
discretion, be held by us as collateral security for, and/or then or at any time thereafter applied in whole or in part by us against all or any part of the Obligations in such order as we shall elect. Any balance of such payments held by us and
remaining after payment in full of all the Obligations shall be paid over to you or to whomsoever may be lawfully entitled to receive the same. 
 (b) If any Default shall occur and be continuing, you agree and consent that we may succeed to the position of either Licensee or Licensor under the Licenses, subject to the rights and interests of the holders of the Permitted Encumbrance,
and receive all rights and benefits of such party under the Licenses, including, without limitation, the right to enforce the Licenses and the right to sublicense the Trademarks and Patents. 
 (c) If any Default shall occur and be continuing, we may exercise in addition to all other rights and remedies granted to us in this Security Agreement
and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the Uniform Commercial Code. You shall remain liable for any deficiency if the proceeds of any sale or
disposition of the Collateral are insufficient to pay all amounts to which we are entitled, and you will be liable for the reasonable fees of any attorneys employed by us to collect such deficiency. 
 (d) You also agree to pay all of our reasonable costs, including attorneys’ fees, incurred with respect to the collection of any of the Obligations
and the enforcement of any of our rights hereunder. 
 (e) You hereby waive presentment, demand, protest or any notice (to the extent
permitted by applicable law and except as set forth in the Loan Agreement) of any kind in connection with this Security Agreement or any Collateral. 
  

 - 11 - 

 10. LIMITATION ON OUR DUTY IN RESPECT OF COLLATERAL 
 Beyond the safe custody thereof, we shall not have any duty as to any Collateral in our possession or control or in the possession or control of any of
our agents or nominees or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto. 
 11. NOTICES 
 Any notice to either party shall be deemed to have been validly served (a) upon the earlier of actual receipt or
four (4) days after deposit in the United States Mail, registered or certified mail, return receipt requested, with proper postage prepaid, (b) upon transmission, when sent by telecopy or other similar facsimile transmission (with such
telecopy or facsimile promptly confirmed by delivery of a copy by personal delivery or United States mail as set forth in subsection (a) above; (b) one (1) business day after deposit with a reputable overnight courier with all charges
prepaid; or (c) when hand-delivered and received by the party to be notified. 
 Any notice shall be addressed as follows: 

If to Secured Party, to: 
 Rosenthal & Rosenthal, Inc. 
 1370 Broadway 
 New York, NY 10018 
 Attn: Robert Martucci 
 Facsimile No. (212) 356-0900 
 If to
Debtor, to: 
 EDGAR Online, Inc. 
 50 Washington Street 
 Norwalk, CT 06854 
 Attn: Susan Strausberg 
 Facsimile No.: (203) 852-5667 
 With a copy to: 
 Littman Krooks LLP

 655 Third Avenue 
 New York,
NY 10017 
 Attn.: Mitchell C. Littman, Esq. 
 Facsimile No.: (212) 759-2990 
  

 - 12 - 

 12. SEVERABILITY 
 Any provision of this Security 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. NO WAIVER; CUMULATIVE REMEDIES 
 We shall
not by any act, delay, omission or otherwise be deemed to have waived any of our rights or remedies hereunder and no waiver shall be valid unless in writing, signed by us, and then only to the extent therein set forth. A waiver by us of any right or
remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which we would otherwise have had on any future occasion. No failure to exercise nor any delay in exercising on our part, any right, power or privilege
hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or future exercise thereof or the exercise of any other right, power or privilege. The rights and
remedies hereunder provided are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights and remedies provided by law. None of the terms or provisions of this Security Agreement may be waived, altered, modified or
amended except by an instrument in writing, duly executed by the party against whom enforcement is sought. 
 14. SUCCESSORS AND ASSIGNS;
GOVERNING LAW 
 This Security Agreement and all of your obligations hereunder shall be binding upon your successors and assigns, and shall,
together with our rights and remedies hereunder, inure to our benefit and our successors and assigns. However, none of your rights or obligations under this Security Agreement may be assigned without our prior written permission. This Security
Agreement shall be governed by, and be construed and interpreted in accordance with the laws of the State of New York. 
 15. WAIVER OF TRIAL
BY JURY; EXCLUSIVE JURISDICTION; SUBMISSION TO JURISDICTION; ANSWER TO SUMMONS 
 THE PARTIES HEREBY WAIVE ALL RIGHTS TO A TRIAL BY JURY IN
THE EVENT OF ANY LITIGATION WITH RESPECT TO ANY MATTER CONNECTED WITH THIS AGREEMENT, THE OBLIGATIONS, THE RECEIVABLES, OR ANY OTHER TRANSACTION BETWEEN THE PARTIES AND YOU HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF THE COURTS OF THE STATE OF
NEW YORK LOCATED WITHIN THE CITY OF NEW YORK AND OF ANY FEDERAL COURT LOCATED IN NEW YORK CITY IN CONNECTION WITH ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE 

  

 - 13 - 

 
OBLIGATIONS. IN ANY SUCH LITIGATION YOU WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS AND AGREE THAT SERVICE THEREOF MAY BE MADE BY
CERTIFIED OR REGISTERED MAIL DIRECTED TO YOU AT YOUR PLACE OF BUSINESS SET FORTH ABOVE. WITHIN 30 DAYS AFTER SUCH MAILING, YOU SHALL APPEAR IN ANSWER TO SUCH SUMMONS, COMPLAINT OR OTHER PROCESS, FAILING WHICH YOU SHALL BE DEEMED IN DEFAULT AND
JUDGMENT MAY BE ENTERED BY US AGAINST YOU FOR THE AMOUNT OF THE CLAIM AND OTHER RELIEF REQUESTED THEREIN. 
 16. FURTHER INDEMNIFICATION

 You agree to pay, and to save us harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all
excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated by this Security Agreement. 
  

 - 14 - 

 17. CONSTRUCTION WITH RESPECT TO MULTIPLE PARTIES 
 In construing this Agreement, references to “you” or “your” in this Agreement shall mean each of you singly, both of you jointly and
either of you in the disjunctive, and shall be interpreted in each instance most favorably to us. 
 IN WITNESS WHEREOF, you have caused this
Security Agreement to be executed by one of your duly authorized officers on the date first set forth above. 
  

			
	ROSENTHAL & ROSENTHAL, INC.
		
	By:	 	 /s/ Robert L. Martucci

		 	Senior Vice President

  

			
	The foregoing is acknowledged,
	accepted and agreed to:
	
	EDGAR ONLINE, INC.
		
	By:	 	 /s/ Susan Strausberg

		 	President and Chief Executive Officer

  

 - 15 - 

					
	State of Connecticut	 	)	 	
		 	)	 	ss.:
	County of                     	 	)	 	

 On the          day of
            , 2007 before me, the undersigned, personally came sworn, did depose and say that he resides at
                                        ,
that he is the
                                        
of EDGAR Online, Inc., which executed the foregoing instrument; that he executed the same in such capacity and that he had authority to execute such instrument and that by his signature on the instrument, the corporation duly executed the
instrument. 
  

	
	  

	Notary Public

  

					
	State of New York	 	)	 	
		 	)	 	ss.:
	County of New York	 	)	 	

 On the          day of
            , 2007 before me, the undersigned, personally came sworn, did depose and say that he resides at
                                        ,
that he is the
                                        
of Rosenthal & Rosenthal, Inc. which executed the foregoing instrument; that he executed the same in such capacity and that he had authority to execute such instrument and that by his signature on the instrument, the corporation duly
executed the instrument. 
  

	
	  

	Notary Public

  

 - 16 - 

 SCHEDULE A 
 (Trademarks and Domain Names) 
  

 - 17 - 

 SCHEDULE B 
 (Patents) 
  

 - 18 - 

 SCHEDULE C 
 (Copyrights) 
  

 - 19 - 

 SCHEDULE D 
 (Licenses) 
  

 - 20 - 

 SCHEDULE E 
 SPECIAL POWER OF ATTORNEY 
  

					
	STATE OF CONNECTICUT	 	)	 	
		 	)	 	ss.:
	COUNTY OF                     	 	)	 	

 KNOW ALL MEN BY THESE PRESENTS, that EDGAR Online, Inc (“Debtor”), having an address at
50 Washington Street, Norwalk, CT 06854, hereby appoints and constitutes, severally, Rosenthal & Rosenthal, Inc. (“Lender”), its true and lawful attorney, with full power of substitution and with full power and authority to
perform the following acts on behalf of Debtor: 
 1. Execution and delivery of any and all agreements, documents, instrument of assignment,
or other papers which Lender, in its discretion, deems necessary or advisable for the purpose of assigning, selling, or otherwise disposing of all right, title, and interest of Debtor in and to any trademarks, patents and copyrights, and all
registrations, recordings, reissues, extensions, and renewals thereof, or for the purpose of recording, registering and filing of, or accomplishing any other formality with respect to the foregoing. 
 2. Execution and delivery of any and all documents, statements, certificates or other papers which Lender, in its discretion, deems necessary or
advisable to further the purposes described in The Agreement. 
 This Power of Attorney, being a power coupled with an interest, is made
pursuant to an Intellectual Property Security Agreement between Debtor and Lender, of even date herewith (the “Security Agreement”) and may not be revoked until indefeasible payment in full of all Debtor’s “Indebtedness” (as
defined in the Security Agreement), and is subject to the terms and provisions thereof. 
 March     , 2007 
  

			
	EDGAR ONLINE, INC
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 - 21 - 

					
	 STATE OF CONNECTICUT
	 	)	 	
		 	)	 	ss.:
	COUNTY OF                     	 	)	 	

 On the          day of
            , 2007 before me, the undersigned, personally appeared
                                        ,
personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her
signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 
  

	
	  

	Notary Public

  

 - 22 - 

 SCHEDULE J 
 (Licenses and Permitted Encumbrances) 
  

 - 23 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}]]