Document:

Security Agreement

 Exhibit 10.1 
 SECURITY AGREEMENT 
 THIS SECURITY
AGREEMENT, dated this 22nd day of September, 2008 (the “Agreement”), made by PLATINUM INTELLECTUAL PROPERTY,
L.P., a Texas limited partnership (“PIP LP”), with an address at 2777 Stemmons Freeway, Suite 1440, Dallas, Texas 75207, and PRO OPERATIONS, L.P., a Texas limited partnership (“PRO LP”), with an address
at 2777 Stemmons Freeway, Suite 1440, Dallas, Texas 75207, (collectively on a joint and several basis, the “Grantor”), in favor of ALPINA LENDING, L.P., a Nevada limited partnership with an address at 7161 S. Eastern Ave.,
Suite 3A, Las Vegas, Nevada 89119-4675 (the “Secured Party”). 
 W I T N E S
S E T H: 
 WHEREAS, pursuant to that certain Secured Convertible Promissory Note dated the date
hereof by and between the Grantor and the Secured Party, as agent on behalf of all Lenders party thereto (as such Secured Convertible Promissory Note may be further amended from time to time, the “Note”), the Secured Party, as agent
on behalf of all Lenders party to the Note, has agreed to provide working capital financing to the Grantor in the original principal amount of up to One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00); 
 WHEREAS, in order to secure any and all amounts due and owing under the Note, the Grantor has agreed to execute and deliver to the Secured Party a
security agreement providing for the grant to the Secured Party of a security interest in all of the personal property of the Grantor; and 
 WHEREAS, the Grantor has determined that its execution, delivery and performance of this Agreement directly benefit, and are within the corporate and limited partnership (as applicable) purposes and in the best interests of, the
Grantor. 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual representations, warranties, covenants and
undertakings of the parties hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do agree as follows: 
 SECTION 1. Definitions. All terms used in this Agreement which are defined in the Note and which are not otherwise defined herein shall
have the same meanings herein as set forth therein. 
 SECTION 2. Grant of Security Interest. To secure the payment and
performance in full of all of the Obligations, the Grantor hereby assigns, mortgages, pledges, hypothecates, transfers and sets over to the Secured Party, and grants to the Secured Party a continuing first priority security interest subject only to
Permitted Liens, in all personal and fixture property of the Grantor, wherever located and whether now or hereafter existing and whether now owned or hereafter acquired, of every kind and description, tangible or intangible, to the fullest extent
permitted by the Uniform Commercial Code, as it may be amended from time to time (as so amended, the “Code”) (collectively, the “Collateral”), which Collateral includes, without limitation, the following:

 (a) all of the Grantor’s right, title and interest in and to all goods and equipment of any kind, wherever located and
whether now or hereafter existing and whether now owned or hereafter acquired and all parts thereof and accessions thereto, including, without limitation, all equipment, furnishings, furniture, tools and supplies of every kind and description and
all improvements thereto (any and all such goods, equipment, parts and accessions being hereinafter referred to collectively as the “Goods and Equipment”); 

 (b) all of the Grantor’s right, title and interest in and to all inventory of any
kind, wherever located and whether now or hereafter existing and whether now owned or hereafter acquired, and all accessions thereto and products thereof (any and all such inventory, accessions and products being hereinafter referred to collectively
as “Inventory”); 
 (c) all of the Grantor’s right, title and interest in and to: (i) all accounts,
receivables, rights to receive royalties and license fees, contract rights, chattel paper, electronic chattel paper, instruments (including promissory notes), general intangibles as defined in Tex. Bus. & Com. Code Ann. § 9-101 et
seq., including, without limitation, general intangibles as defined in Tex. Bus. & Com. Code Ann. § 9-101 et seq. that are classified otherwise under Revised Article 9 of the Code, and other rights or obligations of any
kind, whether now or hereafter existing and whether now owned or hereafter acquired, arising out of or in connection with the sale or lease of goods or the rendering of services or otherwise, including, without limitation, all rights relating to any
license or contract to which the Grantor is a party, including all moneys due from time to time in respect thereof (any and all such accounts, receivables, rights to receive royalties and license fees, contract rights, chattel paper, electronic
chattel paper, instruments (including promissory notes), general intangibles, rights and obligations being hereinafter referred to collectively as the “Receivables”); and (ii) all rights now or hereafter existing in and to all
security agreements, leases and other contracts, now or hereafter existing in, securing or otherwise relating to any accounts, receivables, rights to receive royalties and license fees, contract rights, chattel paper, electronic chattel paper,
instruments (including promissory notes), general intangibles or obligations (any and all such security agreements, leases and other contracts being hereinafter referred to collectively as the “Related Contracts”); 
 (d) all of the Grantor’s right, title and interest in, to and under its Intellectual Property Rights (including without limitation
those Patents and Trademarks listed on Schedule I hereto), and including without limitation all proceeds thereof (such as, by way of example but not by way of limitation, license royalties and proceeds of infringement suits), the right to sue
for past, present and future infringements, all rights corresponding thereto throughout the world and all re-issues, divisions continuations, renewals, extensions and continuations-in-part thereof; 
 (e) all of the Grantor’s right, title and interest in and to all letter-of-credit rights (whether or not the letter-of-credit is
entered by writing); 
 (f) all of the Grantor’s right, title and interest in and to all deposit accounts; 
 (g) all of Grantor’s right, title and interest in and to all securities and all investment property; 
  

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 (h) all of Grantor’s right, title and interest in and to all commercial tort claims;
and 
 (i) all proceeds of any and all of the foregoing Collateral and, to the extent not otherwise included, all payments
under insurance (whether or not the Secured Party is the loss payee thereof), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral; 
 in each case, howsoever the Grantor’s interest therein may arise or appear (whether by ownership, license, security interest, claim or otherwise). 
 SECTION 3. Security for the Obligations. The security interest created hereby in the Collateral constitutes a continuing collateral
security for all of the Obligations. 
 SECTION 4. Representations, Warranties and Covenants. The Grantor represents,
warrants and covenants (on a joint and several basis to the extent there is more than one Grantor) to the Secured Party as follows: 
 (a) PIP LP is a limited partnership duly formed, validly existing, and in good standing under the laws of the state of Texas and has the requisite power and authority to execute and deliver each of this Agreement, the Note and the other
Loan Documents to which it is a party and to consummate the transactions contemplated hereby and thereby. PRO LP is a limited partnership duly formed, validly existing, and in good standing under the laws of the state of Texas and has the requisite
power and authority to execute and deliver each of this Agreement, the Note and the other Loan Documents to which it is a party and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance of each of
this Agreement, the Note and the other Loan Documents to which the Grantor is a party has been duly authorized by all requisite action on its part. Each of this Agreement, the Note and the other Loan Documents to which the Grantor is a party has
been duly executed and delivered by the Grantor and constitutes a legal, valid and binding agreement of the Grantor enforceable in accordance with its terms. The execution, delivery and performance of each of this Agreement, the Note and the other
Loan Documents to which the Grantor is a party will not violate any of its organizational documents or any agreement, indenture or other document to which the Grantor is a party or under which either it or its assets are bound, or any judgment,
order, injunction or decree or provision of applicable law by which the Grantor is, or its assets are, bound. 
 (b) The
Grantor is and will be at all times the owner of the Collateral, free and clear of all Liens, except for the Lien created by this Agreement and Permitted Liens. 
 (c) All Goods and Equipment and Inventory now existing are located at the location set forth on Schedule II of this Agreement. The
Grantor’s chief place of business and chief executive office, the place where the Grantor keeps its records concerning Receivables and all originals of all chattel paper which constitute Receivables and of the Related Contracts are located at
2777 Stemmons Freeway, Suite 1440, Dallas, Texas 75207. Set forth on Schedule II hereto is a complete and correct list of each trade name used by the Grantor. 
 (d) The exercise by the Secured Party of its rights and remedies hereunder will not contravene law or any contractual restriction binding
on or affecting the Grantor or any of its properties and will not result in or require the creation of any Lien upon or with respect to any of its properties. 
  

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 (e) No authorization or approval or other action by, and no notice to or filing with, any
governmental authority or other regulatory body is required for: (i) the grant by the Grantor, or the perfection, of the security interest purported to be created hereby in the Collateral; or (ii) the exercise by the Secured Party of any
of its rights and remedies hereunder, except for the filing under the Code of the financing statements with the filing office listed in Schedule III hereto (the “Financing Statements”), all of which Financing Statements have
been duly filed and are in full force and effect, including all necessary filings with the United States Patent and Trademark Office. 
 (f) This Agreement creates a valid security interest in favor of the Secured Party in the Collateral as security for the Obligations. Such security interest is, or in the case of Collateral in which the Grantor
obtains rights after the date hereof will be, a perfected security interest subject to no other prior Lien other than for Permitted Liens. All action necessary or desirable to perfect and protect such security interest has been duly taken.

 (g) The Grantor hereby agrees to notify the Secured Party of the occurrence of an Event of Default in accordance with the
Note. 
 SECTION 5. Covenants as to the Collateral. So long as any of the Obligations shall remain outstanding, unless
the Secured Party shall otherwise consent in writing: 
 (a) Further Assurances. The Grantor will at its expense, at
any time and from time to time, promptly execute and deliver all further instruments and documents and take all further action that may be necessary or desirable or that the Secured Party may reasonably request in order: (i) to perfect and
protect the security interest purported to be created hereby; (ii) to enable the Secured Party to exercise and enforce its rights and remedies hereunder in respect of the Collateral; or (iii) to otherwise effect the purposes of this
Agreement, including, without limitation: (A) executing and filing such financing or continuation statements, or amendments thereto, as may be necessary or desirable or that the Secured Party may reasonably request in order to perfect and
preserve the security interest purported to be created hereby; and (B) promptly furnishing to the Secured Party from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection
with the Collateral as the Secured Party may reasonably request, all in reasonable detail. 
 (b) Location of Goods and
Equipment and Inventory; Grantor’s Legal Status. The Grantor will not keep Inventory (other than goods in transit), Goods and Equipment or records with respect to Receivables and the Related Contracts in any state in which financing
statements have not theretofore been filed in a manner sufficient to perfect under the Code of such state the security interests in such Inventory, Goods and Equipment, Receivables and the Related Contracts granted hereby. The Grantor will provide
the Secured Party thirty (30) days prior written notice of any change in the Grantor’s name, identity (including organizational identification number if it has one or later obtains one), chief place of business, chief executive office,
type of organization, jurisdiction of organization or other legal structure, which might make any financing statement filed thereunder misleading, and prior to such change Grantor will have presented to the Secured Party evidence satisfactory to it
of the filing of all amendments to financing statements and all additional financing statements necessary to maintain the security interests granted hereunder at all times. 
  

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 (c) Condition of Goods and Equipment. The Grantor will cause the Collateral to be
maintained and preserved in the same condition, repair and working order as when acquired, reasonable wear and tear excepted, and in accordance with any manufacturer’s manual, and will forthwith, or in the case of any loss or damage to any of
the Collateral as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements in connection therewith which are necessary or desirable or that the Secured Party may reasonably
request to such end. The Grantor will promptly furnish to the Secured Party a statement respecting any loss or damage to any of the Collateral. 
 (d) Taxes. The Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, or incurred in connection with the use or operation of, and all
claims (including, without limitation, claims for labor, materials and supplies) against, the Collateral, except to the extent the validity thereof is being contested in good faith by proper proceedings which stay the imposition of any penalty, fine
or lien resulting from the non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof. 
 (e) Insurance. The Grantor will, at its own expense, maintain insurance in accordance with the Note. The Grantor will, if so requested by the Secured Party, deliver to the Secured Party original or duplicate
policies of such insurance and, as often as the Secured Party may reasonably request, a report of a reputable insurance broker with respect to such insurance. 
 (f) Provisions Concerning the Receivables and the Related Contracts. 
 (i) The Grantor will: (A) maintain its chief executive office in the continental United States; (B) keep all originals of all
chattel paper which constitute Receivables at its chief executive office; (C) keep adequate records concerning the Receivables and such chattel paper and permit representatives of the Secured Party at any time during normal business hours to
inspect and make abstracts from such records and chattel paper; and (D) not change the current bank account to which the Receivables are paid without the approval of the Secured Party. 
 (ii) The Grantor will duly perform and observe all of its material obligations under each Related Contract and, except as otherwise
provided in this subsection (f), continue to collect, at its own expense, all amounts due or to become due under the Receivables. In connection with such collections, the Grantor may (and, at the Secured Party’s direction, will) take such
action as the Grantor or the Secured Party may deem reasonably necessary or advisable to enforce collection or performance of the Receivables; provided, however, that the Secured Party shall have the right at any time, upon the
occurrence and during the continuance of an Event of Default: (x) to notify the account debtors or obligors under any Receivables of the assignment of such Receivables to the Secured Party; (y) to direct such account debtors or obligors to
make payment of all amounts due or to become due to Grantor thereunder directly to the Secured Party; and (z) at the expense of the Grantor and to the extent permitted by law, to 

  

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enforce collection of any such Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as
the Grantor might have done. Upon the occurrence of an Event of Default: (A) all amounts and proceeds (including instruments) received by the Grantor in respect of the Collateral shall be received in trust for the benefit of the Secured Party,
shall be segregated from other funds of the Grantor and shall be forthwith paid over to the Secured Party, in the same form as so received (with any necessary endorsement) to be held as cash collateral and applied as specified in Section 7(b)
hereof; and (B) the Grantor will not adjust, settle or compromise the amount or payment of any Collateral or release wholly or partly any account debtor or obligor thereof or allow any credit or discount thereon. 
 (g) Obligations. For so long as the Obligations shall remain outstanding, the Grantor shall take no action discharging, canceling,
extinguishing or otherwise impairing its right, title and interest in and to any of the Collateral. The Grantor shall be the owner of the Collateral free from any right or claim of any other person, lien, security interest or other encumbrance other
than Permitted Liens, and the Grantor shall defend the same against all claims and demands of all persons at any time claiming the same or any interests that are adverse to the Secured Party. The Grantor shall not pledge, mortgage or create, or
suffer to exist any right of any person in or claim by one person to the Collateral, or any security interest, lien or encumbrance in the Collateral in favor of any person other than the Secured Party (except for liens permitted by the Note).

 SECTION 6. Additional Provisions Concerning the Collateral. 
 (a) The Grantor hereby authorizes the Secured Party to file, without the signature of the Grantor (where permitted by law), one or more
financing or continuation statements, and amendments thereto, relating to the Collateral. 
 (b) Upon the occurrence and
during the continuation of an Event of Default, the Grantor hereby irrevocably appoints the Secured Party the Grantor’s attorney-in-fact and proxy with full authority in the place and stead of the Grantor and in the name of the Grantor or
otherwise, from time to time in the Secured Party’s discretion, to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, the Note and the other Loan
Documents to which it is a party, including, without limitation: (i) to obtain and adjust insurance required to be paid to the Secured Party, pursuant to Section 5(e) hereof; (ii) to ask, demand, collect, sue for, recover, compound,
receive and give acquittance and receipts for moneys due and to become due under or in respect of any Collateral; (iii) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection with clause
(i) or (ii) above and to give full discharge for the same; (iv) to file any claims or take any action or institute any proceedings which the Secured Party may deem necessary or desirable for the collection of any of the Collateral or
otherwise to enforce the rights of the Secured Party with respect to any of the Collateral; and (v) to execute and file financing statements, continuation statements and amendments thereto. 
 (c) If the Grantor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such
agreement or obligation, and the expenses of the Secured Party incurred in connection therewith shall be payable by the Grantor under Section 8 hereof. 
  

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 (d) The powers conferred on the Secured Party hereunder are solely to protect its
interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Secured Party shall
have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. 
 (e) Anything herein to the contrary notwithstanding: (i) the Grantor shall remain liable under the Related Contracts to perform all
of its obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by the Secured Party of any of its rights hereunder shall not release the Grantor from any of its obligations under the Related
Contracts; and (iii) the Secured Party shall not have any obligation or liability by reason of this Agreement under the Related Contracts nor shall the Secured Party be obligated to perform any of the obligations or duties of the Grantor
thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 
 SECTION 7. Remedies Upon
Occurrence of an Event of Default. If an Event of Default shall have occurred and be continuing: 
 (a) The Secured
Party may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it (whether under the Note, the other Loan Documents, at law or in equity), all of the rights and remedies of a
secured party on default under the Code (whether or not the Code applies to the affected Collateral), and also may: (i) enter upon any premises on which the Collateral may be situated and remove the same therefrom or require the Grantor to, and
the Grantor hereby agrees that it will at its expense and upon request of the Secured Party, forthwith assemble all or part of the Collateral as directed by the Secured Party and make it available to the Secured Party at a place to be designated by
the Secured Party; and (ii) without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Secured Party’s offices or elsewhere, for cash, on credit or for
future delivery, and at such price or prices and upon such other terms as the Secured Party may deem commercially reasonable. The Grantor agrees that, to the extent notice of sale shall be required by law, ten (10) days’ notice to the
Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Secured Party shall not be obligated to make any sale of Collateral regardless of notice of sale
having been given. The Secured Party may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so
adjourned. 
  

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 (b) Any cash held by the Secured Party as Collateral and all cash proceeds received by
the Secured Party in respect of any sale of, collection from, or other realization upon, all or any part of the Collateral shall be applied as follows: 
 (i) First, to the payment of the reasonable costs and expenses, including, without limitation, reasonable attorney’s fees and legal expenses, incurred by the Secured Party in connection with: (A) the
administration of this Agreement; (B) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral; (C) the exercise or enforcement of any of the rights of the Secured Party
hereunder; or (D) the failure of the Grantor to perform or observe any of the provisions hereof; 
 (ii) Second, ratably
to the payment of the Obligations as follows: first in respect of any fees not covered by clause (i) above; second, in respect of accrued but unpaid interest under the Note and the Note; and third, in respect of unpaid principal under the Note
and the Note; 
 (iii) Third, to the payment of any other amounts required to be paid in connection with the liquidation of
the Collateral and by applicable law; and 
 (iv) Fourth, the surplus proceeds, if any, to the Grantor or to whomsoever shall
be lawfully entitled to receive the same or as a court of competent jurisdiction shall direct. 
 (c) In the event that the
proceeds of any such sale, collection or realization are insufficient to pay all amounts to which the Secured Party is legally entitled, the Grantor shall be liable for the deficiency, together with interest thereon at the rate of interest as set
forth in the Note (including the default rate of interest if applicable) or such other interest rate as shall be fixed by applicable law, together with the costs of collection and the reasonable fees of any attorneys employed by the Secured Party to
collect such deficiency. 
 SECTION 8. Indemnity and Expenses. 
 (a) The Grantor (on a joint and several basis to the extent there is more than one Grantor) agrees to indemnify the Secured Party from and
against any and all claims, losses and liabilities growing out of or resulting from this Agreement (including, without limitation, enforcement of this Agreement), other than losses directly resulting from the Secured Party’s own gross
negligence or willful misconduct. 
 (b) Upon the occurrence and continuation of an Event of Default, the Grantor (on a joint
and several basis to the extent there is more than one Grantor) will pay to the Secured Party the amount of any and all reasonable costs and expenses, including, without limitation, the fees and disbursements of the counsel retained by the Secured
Party for itself and of any experts and agents, which the Secured Party may incur in connection with: (i) the administration of this Agreement; (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other
realization upon, any Collateral; (iii) the exercise or enforcement of any of the rights of the Secured Party hereunder; or (iv) the failure by the Grantor to perform or observe any of the provisions hereof. 
 SECTION 9. Notice. Except as otherwise expressly provided herein, all notices, requests and demands to or upon the respective
parties hereto to be effective shall be in writing (including by telecopy), and shall be deemed to have been duly given or made when delivered by hand, or three (3) days after being deposited in the United States mail, postage prepaid, or, in
the 

  

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case of telecopy notice, when sent, or, in the case of a nationally recognized overnight courier service, one Business Day after delivery to such courier
service, addressed, in the case of each party hereto, to such party at its address specified in the Note, or to such other address as may be designated by any party in a written notice to the other parties hereto. 
 SECTION 10. Security Interest Absolute. All rights of the Secured Party, all security interests, and all obligations of the Grantor
hereunder shall be absolute and unconditional irrespective of: (i) any lack of validity or enforceability of the Note or any other Loan Document relating thereto; (ii) any change in the time, manner or place of payment of, or in any other
term in respect of, all or any of the Obligations, or any other amendment or waiver of or consent to any departure from the Note or any other Loan Document; (iii) any increase in, addition to, exchange or release of, or non-perfection of any
Lien on or security interest in, any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Obligations; (iv) any other circumstance which might otherwise constitute a defense
available to, or a discharge of, the Grantor in respect of the Obligations or this Agreement; or (v) the absence of any action on the part of the Secured Party to obtain payment or performance of the Obligations from the Grantor. 
 SECTION 11. Miscellaneous. 
 (a) Amendments and Waivers. This Agreement may not be amended, supplemented, modified or waived except in accordance with the provisions of this Section 11(a). The Secured Party and the Grantor may, from
time to time, enter into written amendments, supplements, modifications or waivers for the purpose of adding, deleting, changing or waiving any provisions of this Agreement. 
 (b) No Waiver; Remedies Cumulative. No failure on the part of the Secured Party to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The rights and remedies of the Secured Party provided herein
are cumulative and are in addition to, and not exclusive of, any rights or remedies provided by law or and under the Note, the Note and any other Loan Documents. The rights of the Secured Party hereunder against any party hereto are not conditional
or contingent on any attempt by the Secured Party to exercise any of its rights under any other document or agreement against such party or against any other person. 
 (c) Severability. In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any
jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
 (d) Continuing Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall remain in
full force and effect until the payment in full or release of the Obligations. 
  

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 (e) Satisfaction of Obligations. Upon the satisfaction in full of the Obligations,
this Agreement and the security interest created hereby shall terminate and all rights to the Collateral shall revert to the Grantor. The Secured Party will, upon the Grantor’s request, in exchange for the Grantor’s signed receipt
therefor, and at the Grantor’s expense: (i) return to the Grantor such of the Collateral as shall not have been sold or otherwise disposed of or applied pursuant to the terms hereof; (ii) execute and deliver to the Grantor such
documents as the Grantor shall reasonably request to evidence such termination; and (iii) file termination statements in all applicable jurisdictions evidencing the release of the Secured Party’s security interest in the Collateral.

 (f) Waiver of Suretyship Defenses. The Grantor waives demand, notice, protest, notice of acceptance of this
Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantor
assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person
primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Secured Party may deem advisable. The Grantor further
waives any and all other suretyship defenses. 
 (g) Governing Law; Submission to Jurisdiction. THIS AGREEMENT AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAWS OF THE STATE OF NEVADA (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF RELATING TO CONFLICTS OF LAW), EXCEPT TO THE
EXTENT THAT THE VALIDITY OR PERFECTION AND THE EFFECT OF THE PERFECTION OR NON-PERFECTION OF THE SECURITY INTEREST CREATED HEREBY, OR THE REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED BY THE LAW OF A JURISDICTION OTHER
THAN THE STATE OF NEVADA. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT AND ANY ACTION FOR ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEVADA, LOCATED IN CLARK COUNTY, OR OF THE UNITED
STATES OF AMERICA LOCATED IN CLARK COUNTY, NEVADA, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE GRANTOR HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID
COURTS AND APPELLATE COURTS FROM ANY THEREOF. THE GRANTOR IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL,
POSTAGE PREPAID, TO THE GRANTOR AT ITS ADDRESS SET FORTH HEREIN. THE GRANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT BROUGHT IN THE COURTS REFERRED TO ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM. 
  

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 (h) Successors, etc. This Agreement shall be binding upon and inure to the benefit
of the Grantor and the Secured Party, and their respective permitted transferees, successors and assigns. The Grantor shall not have the right to assign or transfer any right or interest herein or hereunder without the Secured Party’s prior
written consent. The Secured Party shall have the right, upon notice to the Grantor specifying the identity of the transferor, successor or assignee, to transfer or assign to any Affiliate its rights and obligations hereunder, and in connection
therewith, the Secured Party may disclose to any such person any information that it received or may receive from the Grantor hereunder. 
 (i) Headings Descriptive. The headings of the several Sections and subsections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of
this Agreement. 
 (j) Counterparts. This Agreement may be executed in any number of counterparts and by the different
parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. 
 (k) Waiver of Trial by Jury. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE GRANTOR AND THE SECURED PARTY HEREBY
IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY MATTER ARISING HEREUNDER OR THEREUNDER. 
 [signature page follows] 
  

 11 

 IN WITNESS WHEREOF, the Grantor and the Secured Party have caused this Agreement to be executed
and delivered by their respective officers thereunto duly authorized, as of the date first above written. 
  

					
	GRANTOR:
	
	PLATINUM INTELLECTUAL PROPERTY, L.P.
		
	By:	 	Platinum Intellectual Property GP, Inc.
	Its:	 	General Partner
			
		 	By:	 	/s/ John T. “Cork” Jaeger, Jr.
		 	Name:	 	John T. “Cork” Jaeger, Jr.
		 	Its:	 	Chief Executive Officer
	
	PRO OPERATIONS, L.P.
		
	By:	 	Platinum IP Management, Inc.
	Its:	 	General Partner
			
		 	By:	 	/s/ John T. “Cork” Jaeger, Jr.
		 	Name:	 	John T. “Cork” Jaeger, Jr.
		 	Its:	 	Chief Executive Officer

 [SIGNATURE PAGE TO SECURITY AGREEMENT] 

							
	SECURED PARTY:
	
	ALPINA LENDING, L.P.
		
	By:	 	Alpina GenPar, Inc.
	Its:	 	General Partner
			
		 	By:	 	/s/ Julie Krupala
		 		 	Name:	 	Julie Krupala
		 		 	Its:	 	Secretary

 [SIGNATURE PAGE TO SECURITY AGREEMENT] 

 CERTIFICATE OF ACKNOWLEDGMENT 
  

			
	 STATE OF TEXAS
	  	)
		  	) ss.
	 COUNTY OF _________
	  	)

 Before me, the undersigned, a Notary Public in and for the
county aforesaid, on this 22nd day of September, 2008, personally appeared John T. “Cork” Jaeger, Jr. to me known personally, and who,
being by me duly sworn, deposes and says that he is the (i) Chief Executive Officer of Platinum Intellectual Property GP, Inc. (the “Parent”), the general partner of Platinum Intellectual Property, L.P. (the
“Partnership”), and that said instrument was signed and sealed on behalf of said Partnership by authority of the Board of Directors of the Parent, and said John T. “Cork” Jaeger, Jr. acknowledged said instrument to be the
free act and deed of said Parent and Partnership, and (ii) Chief Executive Officer of Platinum IP Management, Inc. (the “GP”), the general partner of PRO Operations, L.P. (“PRO LP”), and that said instrument
was signed and sealed on behalf of said PRO LP by authority of the Board of Directors of the GP, and said John T. “Cork” Jaeger, Jr. acknowledged said instrument to be the free act and deed of said GP and PRO LP. 
 Notary Public 
 My commission expires: 

 SCHEDULE I  
 TO SECURITY AGREEMENT 
 Patents and Patent Applications 
 [See attached] 

 SCHEDULE I 
 TO SECURITY AGREEMENT 
 (continued) 
 Trademarks and Trademark Applications 
 Trademark Applications & Registrations 
  

									
	 Trademark
	  	Country	  	Application No. /
Registration No.	  	Application Date
Registration Date	  	 Description of Goods/Services

	 PLATINUM RESEARCH ORGANIZATION
	  	U.S.	  	75/838,447
 2,951,930
	  	November 2, 1999
 May 17, 2005
	  	Catalytic lubricant additives used in the manufacture of industrial and all purpose lubricants (Class 1)
					
	 TECHROBOND
	  	U.S.	  	77/033,559	  	October 31, 2006	  	 Chemical additives for use with automotive, industrial, aircraft and all-purpose lubricants (Class 1)
  
 Automotive lubricants; industrial lubricants; aircraft lubricants;
all-purpose lubricants (Class 4)

					
	 TECHROBOND
	  	Canada	  	1,345,578	  	April 30, 2007	  	Automotive lubricants; industrial lubricants; aircraft lubricants; all-purpose lubricants; chemical additives for use with automotive, industrial, aircraft and all-purpose
lubricants

									
	 TECHROBOND
	  	Europe	  	1631001
 1631001
	  	April 27, 2000
 June 7, 2002
	  	 Chemicals used in industry, science and photography, as well as in agriculture, horticulture and forestry; unprocessed
artificial resins, unprocessed plastics; manures; fire extinguishing compositions; tempering and soldering preparations; chemical substances for preserving foodstuffs; tanning substances; lubricant additives.
 (Class 1)
 Paints, varnishes, lacquers;
preservatives against rust and against deterioration of wood; colorants; mordants; raw natural resins; metals in foil and powder form for painters, decorators, printers and artists; coatings in the nature of bonding agents.
 (Class 2)
 Industrial oils and greases;
lubricants; dust absorbing, wetting and binding compositions; fuels (including motor spirit) and illuminants; candles, wicks; all purpose lubricants and motor oil.
 (Class 4)

									
	 TECHROBOND
	  	Europe	  	5867577
 5867577
	  	April 30, 2007
 May 19, 2008
	  	 Chemicals used in industry, science and photography, as well as in agriculture, horticulture and forestry; unprocessed artificial
resins, unprocessed plastics; manures; fire extinguishing compositions; tempering and soldering preparations; chemical substances for preserving foodstuffs; tanning substances; chemical additives for use with automotive, industrial, aircraft and
all-purpose lubricants. (Class 1)
  
 Industrial oils and
greases; lubricants; dust absorbing, wetting and binding compositions; fuels (including motor spirit) and illuminants; candles and wicks for lighting; automotive lubricants; industrial lubricants; aircraft lubricants; all-purpose
lubricants.
 (Class 4)

					
	 TECHROBOND
	  	Mexico	  	423,124
 679,956
	  	April 28, 2000
 November 30, 2000
	  	 Lubricant additives
 (Class 1)

					
	 TECHROBOND
	  	Mexico	  	423,125
 679,957
	  	April 28, 2000
 November 30, 2000
	  	Coatings in the nature of bonding agents (Class 2)
					
	 TECHROBOND
	  	Mexico	  	423,126
 679,958
	  	April 28, 2000
 November 30, 2000
	  	 All purpose lubricants and motor oil
 (Class 4)

									
	 TECHROBOND
	  	Mexico	  	851,878	  	April 30, 2007	  	All goods in Class 1 and specifically naming chemical additives for use with automotive, industrial, aircraft and all-purpose lubricants (Class 1)
					
	 TECHROBOND
	  	Mexico	  	851,877	  	April 30, 2007	  	 All goods in Class 4 and specifically naming automotive lubricants; industrial lubricants; aircraft lubricants;
all-purpose lubricants
 (Class 4)

 SCHEDULE II  
 TO SECURITY AGREEMENT 
 Locations of Goods and Equipment; List of Trade Names; Websites

 Locations of Goods and Equipment: 
 2777 Stemmons Freeway, Suite 1440, Dallas, Texas 75207 
 Four Ball Wear and Weld Tester 
 Department of Materials Science and Engineering 
 The University of Texas at Arlington 
 500 West First Street 
 Arlington, Texas 76019 
 Trade Names and Trademarks: 
 See Schedule I (Trademarks and Trademark Applications) 
 Websites: 
 www.platinumresearch.com 

 SCHEDULE III  
 TO SECURITY AGREEMENT 
 List of Filing Offices for Financing Statements

 Secretary of State of State of Delaware 
 Secretary
of State of State of TexasEscrow Agreement

 Exhibit 10.2 
 ESCROW AGREEMENT 
 THIS ESCROW AGREEMENT (this
“Agreement”) dated the 22nd day of September, 2008, is by and among PRO OPERATIONS, L.P., a Texas limited partnership,
PLATINUM INTELLECTUAL PROPERTY, L.P., a Texas limited partnership, and PLATINUM RESEARCH ORGANIZATION, INC., a Delaware corporation (collectively, “Borrower”), ALPINA LENDING, L.P., a Nevada limited partnership, in its
capacity as lender and as agent to all Lenders (“Agent”), and HALLETT & PERRIN, P.C. (the “Escrow Agent”). The Effective Date of this Agreement shall be the date of that certain Secured Convertible
Promissory Note dated September 22, 2008 (the “Note”), by and among Borrower and Agent. 
 R E C I T A L S:

 A. The parties to the Note have agreed that the Commitment may be deposited into an escrow account as contemplated by
Section 1(d) of the Note. 
 B. In accordance with the provisions of the Note and in order to facilitate the transactions
contemplated by the Note, Borrower and Agent have agreed that the Escrow Assets (as defined below) shall be deposited into escrow with the Escrow Agent, to be disbursed to the parties as further provided herein. 
 C. Capitalized terms not otherwise defined herein having the respective meanings given to such terms in the Note. 
 STATEMENT OF AGREEMENT 
 NOW,
THEREFORE, in consideration of the preliminary statements and the mutual agreements, covenants, representations and warranties set forth in this Agreement and for other good, valid and binding consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
 ARTICLE I. 
 APPOINTMENT OF ESCROW AGENT; 
 ESTALISHMENT OF ESCROW; INVESTMENT 
 Section 1.1 Appointment of Escrow Agent; Limited Responsibilities. Borrower
and Agent hereby appoint, and Escrow Agent hereby accepts, Escrow Agent to act as escrow agent and to hold, safeguard, and disburse the Escrow Assets pursuant to the terms and conditions of this Agreement. This Agreement expressly sets forth all the
duties of Escrow Agent with respect to any and all matters pertinent hereto. No implied duties or obligations will be read into this Agreement against Escrow Agent. Escrow Agent will not be bound by the provisions of any agreement among the other
parties hereto except this Agreement. 
 Section 1.2 Deposit of Escrow Assets and Documents. Concurrent with the execution of
this Agreement, Agent and the Lenders are depositing with Escrow Agent (a) in immediately available funds the amount of $732,225 as increased or decreased by any earnings, gains or losses thereon and as reduced by any disbursements under
Article II (the “Escrow Assets”) and (b) a copy of the Note. Escrow Agent acknowledges receipt of the Escrow Assets and the Note. Agent will deposit with Escrow Agent in immediately available funds up to an amount equal
to $575,000 at such time that the Borrower requests additional advances under the Note, which funds will be deemed Escrow Assets at the time of deposit. 
  

 1 

 Section 1.3 Establishment of an Escrow Account. Escrow Agent will establish and maintain an
account into which the Escrow Assets are to be deposited and maintained (the “Escrow Account”). The Escrow Account is established for the purpose of satisfying certain obligations of Agent and Lenders pursuant to the Note.

 Section 1.4 Investment of Escrow Assets. Except as Agent and Borrower may from time to time jointly instruct Escrow Agent in
writing, the Escrow Assets will be deposited and maintained in a money market deposit account with Escrow Agent, until disbursement of the entire Escrow Assets in accordance with the terms of this Agreement. Escrow Agent is authorized to liquidate
in accordance with its customary procedures any portion of the Escrow Assets consisting of investments to provide for disbursements required to be made under this Agreement. Any interest earned on the Escrow Account shall be the property of Agent on
behalf of Lenders. 
 Section 1.5 Constitutes Notice from the Lenders. Solely for the purpose of and in connection with
determining when any claim, consent, designation, notice, waiver, and other communication required or permitted to be given by Agent pursuant to this Agreement will be valid and enforceable, any claim, consent, designation, notice, waiver, and other
communication which is executed by Agent will be deemed to be a claim, consent, designation, notice, waiver, and other communication validly given and enforceable against all Lenders. Escrow Agent will be entitled to rely upon any claim, consent
designation, notice, waiver, and other communication executed in accordance with this Section unless and until written notice (conforming to the requirements of this Section) to the contrary is delivered to Escrow Agent. 
 ARTICLE II. 
 DISBURSEMENTS;
TERMINATION OF ACCOUNTS 
 Section 2.1 Disbursements. Agent may from time to time give notice (each, a
“Notice”) to Escrow Agent as to disbursements to be made to Borrower in accordance with the terms of the Note. Escrow Agent agrees to make such disbursement(s) in accordance to the specific instructions given by Agent in the Notice.
If for any reason all Escrow Assets are not distributed in full under the Note and the Note terminates, Agent shall give a Notice to Escrow Agent as to whom such funds shall be delivered (it being anticipated that it will be funded to the Lenders
pro-rata based on their portion of the total Commitment). Except as otherwise set forth in this Agreement, Agent shall rely on any and all instructions from Agent (and no other Party) as it relates to the disbursement of funds. 
 Section 2.2 Termination of Account. Upon payment of all amounts in the Escrow Account, the Escrow Account will be deemed closed and this
Agreement will be deemed terminated. 
 ARTICLE III. 
 DUTIES OF ESCROW AGENT 
 Section 3.1 Degree of Care. Escrow Agent will not be under any
duty to give the Escrow Assets held by it hereunder any greater degree of care than it gives its own similar property and will not be required to invest any funds held hereunder except as directed in this Agreement. 
  

 2 

 Section 3.2 Liability; Indemnification of Escrow Agent. Escrow Agent will not be liable,
except for its own gross negligence or willful misconduct and, except with respect to claims based upon such gross negligence or willful misconduct that are successfully asserted against Escrow Agent, Agent and Lenders on the one hand and Borrower
on the other hand will jointly and severally indemnify and hold harmless Escrow Agent (and any successor Escrow Agent) from and against any and all losses, liabilities, claims, actions, damages and expenses, including reasonable attorneys’ fees
and disbursements, arising out of and in connection with this Agreement. Without limiting the foregoing, Escrow Agent will in no event be liable in connection with its investment or reinvestment of any cash held by it hereunder in good faith, in
accordance with the terms of this Agreement, including, any liability for any delays (not resulting from its gross negligence or willful misconduct) in the investment or reinvestment of the Escrow Assets, or any loss of interest incident to any such
delays. This Section will survive notwithstanding any termination of this Agreement or the resignation of Escrow Agent. 
 Section 3.3
Reliance by Escrow Agent. Escrow Agent will be entitled to rely upon any order, judgment, certification, demand, notice (including all Notices), instrument or other writing delivered to it hereunder without being required to determine the
authenticity or the correctness of any fact stated therein or the propriety or validity of the service to this Agreement. Escrow Agent may act in reliance upon any instrument or signature believed by it to be genuine and may assume that the person
purporting to give receipt or advice or make any statement or execute any document in connection with the provisions of the Agreement has been duly authorized or is competent to do so. Escrow Agent may conclusively presume that the undersigned
representative of any party hereto which is an entity other than a natural person has full power and authority to instruct Escrow Agent on behalf of that party unless written notice to the contrary is delivered to Escrow Agent. 
 Section 3.4 Advice of Counsel. Escrow Agent may act pursuant to the advice of counsel with respect to any matter relating to this Agreement
and will not be liable for any action taken or omitted by it in good faith in accordance with such advice. 
 Section 3.5 Subject to
Taxes and Regulations. Escrow Agent does not have any interest in the Escrow Assets deposited hereunder but is serving as escrow holder only and having only possession pursuant to this Agreement. Any disbursements of income from the Escrow
Assets will be subject to withholding regulations then in force with respect to United States taxes. Agent and Borrower will provide Escrow Agent with appropriate Internal Revenue Service Forms W-9 for tax identification number certification.

 Section 3.6 No Representation. Escrow Agent makes no representation as to the validity, value, genuineness, or the
collectability of any security or other document or instrument held by or delivered to it. 
 Section 3.7 No Advice. Escrow Agent
will not be called upon to advise any party as to the wisdom in selling or retaining or taking or refraining from any action with respect to any securities or other property deposited hereunder. 
  

 3 

 Section 3.8 Resignation of Escrow Agent. Escrow Agent (and any successor Escrow Agent) may at
any time resign as such by delivering the Escrow Assets to any successor Escrow Agent jointly designated in writing by Agent on the one hand and Borrower on the other hand, or to any court of competent jurisdiction, whereupon Escrow Agent will be
discharged of and from any and all further obligations arising from or in connection with this Agreement. The resignation of Escrow Agent will take effect on the earlier of (a) the appointment of a successor (including a court of competent
jurisdiction) or (b) the day which is 30 days after the date of delivery of its written notice of resignation to the other Parties. If at the effective time of Escrow Agent’s resignation it has not received a designation of a successor
Escrow Agent, Escrow Agent’s sole responsibility after that time will be to retain and safeguard the Escrow Assets until receipt of a designation of successor Escrow Agent or a joint written disposition instruction by Agent on the one hand and
Borrower on the other hand or a final non-appealable order of a court of competent jurisdiction. 
 Section 3.9 Disputed
Disbursements. In the event of any disagreement between the Agent on the one hand and Borrower on the other hand resulting in adverse claims or demands being made in connection with the Escrow Account or in the event that Escrow Agent is in
doubt as to what action should be taken hereunder, Escrow Agent will be entitled to retain the applicable Escrow Assets until Escrow Agent will have received (a) a final non-appealable order of a court of competent jurisdiction directing
delivery of the applicable Escrow Assets together with a legal opinion by counsel for the presenting Party satisfactory to Escrow Agent to the effect that the order is final and non-appealable, or (b) a written agreement executed by Agent on
the one hand and Borrower on the other hand directing delivery of the applicable Escrow Assets, in which event Escrow Agent will disburse the applicable Escrow Assets in accordance with such order or agreement. Escrow Agent will act on such court
order and legal opinion without further question. 
 Section 3.10 Compensation
of Escrow Agent. Agent, on the one hand, and Borrower, on the other hand, will each pay one-half ( 1/2) of Escrow
Agent’s reasonable expenses, disbursements, and advances incurred or made by Escrow Agent in performance of its duties hereunder (including reasonable fees, expenses, and disbursements of its counsel). 
 Section 3.11 Disclosure of Relationship. No printed or other matter in any language (including prospectuses, notices, reports, and
promotional material) that mentions Escrow Agent’s name or the rights, powers, or duties of Escrow Agent will be issued by the other parties hereto or on such parties’ behalf unless Escrow Agent will first have given its specific written
consent thereto. 
 ARTICLE IV. 
 MISCELLANEOUS 
 Section 4.1 Amendment. No amendment of this Agreement will be effective unless in a writing
signed by each Party. 
 Section 4.2 Counterparts. This Agreement may be executed in any number of counterparts, each of which
will be deemed to be an original agreement, but all of which will constitute one and the same agreement. Any Party may execute and deliver this Agreement by an executed signature page transmitted by a facsimile machine. If a Party transmits its
signature page by facsimile machine, such Party will promptly thereafter deliver an originally executed signature page to the other Parties, provided that any failure to deliver such and originally executed signature page will not affect the
validity, legality, or enforceability of this Agreement. 
  

 4 

 Section 4.3 Entire Agreement. This Agreement and the Note constitutes the entire agreement
and understanding between the Parties and supersedes all prior agreements and understandings, both written and oral, with respect to the subject matter of this Agreement. 
 Section 4.4 Expenses. Each Party will bear its own expenses with respect to the negotiation and preparation of this Agreement. 
 Section 4.5 Governing Law. THIS AGREEMENT WILL BE GOVERNED BY THE LAWS OF THE STATE OF TEXAS, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER THE CONFLICTS OF LAWS PRINCIPLES OF SUCH STATE.

 Section 4.6 Exclusive Jurisdiction. The Parties agree that any claim arising out of or relating to this Agreement or the
transactions contemplated hereby will be instituted in a federal or state court sitting in Dallas County Texas which will be the exclusive venue of any such claim. Each Party waives any objection which such party may now or hereafter have to the
laying of venue of any such claim and irrevocably submits to the jurisdiction of any such court. 
 Section 4.7 No Assignment.
Other than as expressly set forth in this Agreement regarding the Escrow Agent, no Party may assign its benefits or delegate its duties under this Agreement without the prior consent of the other Parties. Any attempted assignment or delegation
without such prior consent will be void. 
 Section 4.8 No third Party Beneficiaries. This Agreement is solely for the benefit of
the Parties and no other Person will have any right, interest, or claim under this Agreement. 
 Section 4.9 Notices. All claims,
consents, designations, notices, waivers, and other communications in connection with this Agreement will be in writing. Such claims, consents, designations, notices, waivers, and other communications will be considered received (a) on the day
of actual transmittal when transmitted by facsimile with written confirmation of such transmittal, (b) on the next business day following actual transmittal when transmitted by a nationally recognized overnight courier, or (c) on the third
business day following actual transmittal when transmitted by certified mail, postage prepaid, return receipt requested; in each case when transmitted to a Party at the address or location set forth below their signature block to this Agreement (or
to such other address to which such Party has notified the other Parties in accordance with this Section to send such claims, consents, designations, notices, waivers, and other communications). 
 Section 4.10 Representation by Legal Counsel. Each Party is a sophisticated person that was advised by experienced legal counsel and other
advisors in the negotiation and preparation of this Agreement. 
 Section 4.11 Severability. Any provision of this Agreement that
is prohibited or unenforceable in any jurisdiction will not invalidate the remaining provisions of this Agreement or affect the validity or enforceability of such provision in any other jurisdiction. In addition, any such prohibited or unenforceable
provision will be given effect to the extent possible in the jurisdiction where such provision is prohibited or unenforceable. 
  

 5 

 Section 4.12 Successors. This Agreement will be binding upon and will inure to the benefit of
each Party and its heirs, legal representatives, permitted assigns, and successors, provided that this Section will not permit the assignment or other transfer of this Agreement, whether by operation of law or otherwise, if such assignment of other
transfer is not otherwise permitted under this Agreement. 
 Section 4.13 Time of the Essence. Time is of the essence in the
performance of this Agreement and all dates and periods specified in this Agreement. 
 Section 4.14 Waiver. No provision of this
Agreement will be considered waived unless such waiver is in writing and signed by the Party that benefits from the enforcement of such provision. No waiver of any provision in this Agreement, however, will be deemed a waiver of a subsequent breach
of such provision or a waiver of a similar provision. In addition, a waiver of any breach or failure to enforce any term or condition of this Agreement will not in any way affect, limit or waive a Party’s rights under this Agreement at any time
to enforce strict compliance thereafter with every term and condition of this Agreement. 
 [Remainder of page intentionally left blank]

  

 6 

 IN WITNESS WHEREOF, each Party executed, or caused a duly authorized officer to execute, this Agreement
as of the Effective Date. 
  

											
	BORROWER:	 		 	PLATINUM RESEARCH ORGANIZATION, INC.
						
		 		 		 		 	By:	 	/s/ David Hart
		 		 		 		 		 	 Name: David Hart
 Its: Chief Financial
Officer

					
		 		 		 		 	 2777 Stemmons Freeway, Suite 1440
 Dallas,
Texas 75207
 Attn: David Hart
 Fax:
(214) 271-9519

			
		 		 	PRO OPERATIONS, L.P.
			
		 		 	 By:   Platinum IP Management, Inc.
 Its:   General Partner

						
		 		 		 		 	By:	 	/s/ John T. “Cork” Jaeger, Jr.
		 		 		 		 		 	Name: John T. “Cork” Jaeger, Jr.
		 		 		 		 		 	Its: Chief Executive Officer
					
		 		 		 		 	 2777 Stemmons Freeway, Suite 1440
 Dallas,
Texas 75207
 Attn: John T. “Cork” Jaeger, Jr.
 Fax:
(214) 271-9519

  

 7 

											
		 		 	PLATINUM INTELLECTUAL PROPERTY, L.P.
			
		 		 	 By:   Platinum Intellectual Property GP, Inc.
 Its:   General Partner

						
		 		 		 		 	By:	 	/s/ John T. “Cork” Jaeger, Jr.
		 		 		 		 		 	Name: John T. “Cork” Jaeger, Jr.
		 		 		 		 		 	Its: Chief Executive Officer
					
		 		 		 		 	 2777 Stemmons Freeway, Suite 1440
 Dallas,
Texas 75207
 Attn: John T. “Cork” Jaeger, Jr.
 Fax:
(214) 271-9519

  

											
	AGENT:	 		 	ALPINA LENDING, L.P.
			
		 		 	 By:   Alpina GenPar, Inc.
 Its:   General Partner

						
		 		 		 		 	By:	 	/s/ Julie Krupala
		 		 		 		 		 	Name: Julie Krupala
		 		 		 		 		 	Its: Secretary
					
		 		 		 		 	 7161 S. Eastern Ave.,
 Suite 3A
 Las Vegas, Nevada 89119-4675
 Attn: Julie Krupala
 Fax: (702) 260-4111

  

											
	ESCROW AGENT:	 		 	HALLETT & PERRIN, P.C.
						
		 		 		 		 	By:	 	 
		 		 		 		 	Name:	 	 
		 		 		 		 	Title:	 	 
					
		 		 		 		 	 2001 Bryan Street, Suite 3900
 Dallas, Texas
75201
 Attn: M. Christopher Miller
 Fax:
(214) 922-4144

  

 8

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