Document:

ex10-10.htm

Exhibit 10.10

 

TRADEMARK COLLATERAL AGREEMENT

 

THIS TRADEMARK COLLATERAL AGREEMENT (this "Agreement") is executed this 18th day of September, 2013, by and between SkyMall, LLC, a Delaware limited liability company (“Debtor”), with its principal place of business and mailing address at 1520 East Pima Street, Phoenix, Arizona 85034, and SMXE Lending, LLC, a Delaware limited liability company (“Assignee”), with its mailing address of 2525 E. Camelback Road, Suite 850, Phoenix, Arizona 85016.

 

BACKGROUND

 

A. Debtor and Assignee have entered into the Security Agreement dated as of even date herewith (the “Security Agreement”), pursuant to which Debtor has agreed to grant to Assignee a continuing security interest in, and pledge and assign to Assignee, all of Debtor's Collateral (as defined therein).

 

B. In connection with the Security Agreement, Debtor desires to enter into this Agreement to assign and grant to Assignee a lien on and a continuing security interest in the trademarks hereinafter described.

 

NOW, THEREFORE, in consideration of ten dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Debtor assigns, mortgages and pledges to, and grants to Assignee, a lien on and a continuing security interest in, the following property:

 

(i) Each trademark, trademark registration and trademark application listed on Schedule A hereto, and all of the goodwill of the business connected with the use of, and symbolized by, each such trademark, trademark registration and trademark application; and

 

(ii) All proceeds of the foregoing, including without limitation any claim by Debtor against third parties for damages by reason of past, present or future infringement of any trademark, trademark registration or trademark application listed on Schedule A hereto or by reason of injury to the goodwill associated with any such trademark, trademark registration or trademark application, in each case together with the right to sue for and collect said damages;

 

to secure performance of all Liabilities of Debtor as set out in the Security Agreement.

 

Notwithstanding anything herein to the contrary, this Agreement shall not operate as a sale, transfer, conveyance or other assignment to the Assignee of any applications by Debtor for a trademark based on an intent to use the same if and so long as such application is pending without a Statement of Use having been filed and accepted (such pending applications which are based on intent to use being hereinafter referred to collectively as “Intent-To-Use Applications”), but rather, if and so long as Debtor’s Intent-To-Use Application is pending without a Statement of Use having been filed and accepted, then this Agreement shall operate only to create a security interest for collateral purposes in favor of Assignee, for the ratable benefit of Assignee, on such Intent-To-Use Application as collateral security for the Liabilities. When a Statement of Use is filed and accepted by the Trademark Office, then that application shall cease to be partly exempted from this Agreement.

 

Debtor does hereby further acknowledge and affirm that the rights and remedies of Assignee with respect to the assignment, mortgage, pledge and security interest in the trademarks, trademark registrations, and trademark applications made and granted hereby are more fully set forth in the Security Agreement.

 

[SIGNATURE PAGE TO FOLLOW]

  

-1-

  

 

IN WITNESS WHEREOF, Debtor and Assignee have caused this Trademark Collateral Agreement to be duly executed as of the date and year last above written.

 

	
SKYMALL, LLC

 

By: SKYMALL INTERESTS, LLC, Sole Member

 

By:  /s/ Scott Wiley

Name:  Scott Wiley

Title:  CFO

 

	
SMXE LENDING, LLC

 

By: SMXE LENDING HOLDINGS, LLC, Manager

 

By:  /s/ Tina Rhodes-Hall

Name:  Tina Rhodes-Hall

Title:  Authorized Representative

  

-2-

  

SCHEDULE A

TO TRADEMARK COLLATERAL AGREEMENT

 

U.S. REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS

FEDERAL TRADEMARK REGISTRATIONS

 

	
TRADEMARKS

	
FILED

	
SERIAL #

	
REG. DATE

	
REG. #

	
SKY MALL FACTORY OUTLET and Design

	
7-13-1992

	
74/293,885

	
4-26-1994

	
1,832,976

	
SKYADPLUS

	
11-27-1992

	
74/334,801

	
11-2-1993

	
1,802,273

	
THE WORLD TRAVELER’S SHOPPING MALL

	
7-13-1992

	
74/293,888

	
11-30-1993

	
1,808,050

	
THE WORLD’S IN-FLIGHT SHOPPING MALL

	
7-13-1992

	
74/293,879

	
11-23-1993

	
1,806,478

	
VIRTUAL DELIVERY

	
5-17-1994

	
74/525,603

	
1-19-1999

	
2,219,110

 

PENDING FEDERAL TRADEMARK APPLICATIONS

 

NONE

 

FOREIGN REGISTERED TRADEMARKS

 

	
COUNTRY

	
TRADEMARKS

	
FILED

	
SERIAL #

	
REG. DATE

	
REG. #

	
Australia

	
SKYMALL

	
4-22-1999

	
791956

	
4-22-1999

	
791956

	
Bermuda

	
SKYMALL

	
5-4-1999

	
30662

	
5-4-1999

	
30662

	
Brazil

	
SKYMALL

	
10-6-1999

	
822084104

	
5-18-2004

	
822084104

	
Canada

	
SKYMALL

	
5-19-1999

	
1016044

	
11-3-2000

	
TMA536589

	
Costa Rica

	
SKYMALL

	  	
3171-99

	
6-21-2000

	
120675

	
European Community

	
SKYMALL

	
4-15-1999

	
1139617

	
4-2-2001

	
001139617

	
Guatemala

	
SKYMALL

	  	  	
10-24-1999

	
99533

	
Hong Kong

	
SKYMALL

	
6-22-2000

	
13753/2000

	
6-22-2000

	
8505/2002

	
Hong Kong

	
SKYMALL

	
5-23-1998

	
6725/1998

	
1-24-2000

	
1527/2000

	
Japan

	
SKYMALL

	
11-5-1998

	
10-94572

	
1-14-2000

	
4352071

	
Japan

	
SKYMALL

	  	  	
12-24-1993

	
2610676

	
Korea, Republic of

	
SKYMALL

	
11-4-1998

	
98-9033

	
12-13-2001

	
72413

	
Mexico

	
SKYMALL

	
5-24-1999

	
376473

	
5-24-1999

	
696646

	
Mexico

	
SKYMALL

	
1-12-2001

	
465841

	
1-12-2001

	
694994

	
Peru

	
SKYMALL

	
4-29-1999

	
83489

	
11-30-1999

	
19624

	
Singapore

	
SKYMALL

	
9-18-1998

	
T98/09456I

	
9-18-1998

	
T98/09456I

	
Switzerland

	
SKYMALL

	
4-23-1999

	
3602

	
4-23-1999

	
467639

	
Taiwan

	
SKYMALL

	
10-9-1998

	
(87) 49359

	
11-16-1999

	
S117767

	
United Kingdom

	
AIRMALL

	
4-16-1994

	  	
5-26-1995

	
1569110

	
United Kingdom

	
SKYMALL

	
7-22-1992

	  	
5-13-1994

	
1507541

	
United Kingdom

	
SKYMALL

	
2-22-1992

	  	
7-22-1994

	
1492187

	
United Kingdom

	
SKYMALL

	
2-22-1992

	  	
7-22-1994

	
1492186ex10-11.htm

Exhibit 10.11

 

TRADEMARK AND COPYRIGHT COLLATERAL AGREEMENT

 

THIS TRADEMARK AND COPYRIGHT COLLATERAL AGREEMENT (this "Agreement") is executed this 18th day of September, 2013, by and between Xhibit Corp., a Nevada corporation (“Debtor”), with its principal place of business and mailing address at 80 East Rio Salado Parkway, Suite 115, Tempe, Arizona 85281, as successor to Xhibit, LLC, and SMXE Lending, LLC, a Delaware limited liability company (“Assignee”), with its mailing address of 2525 E. Camelback Road, Suite 850, Phoenix, Arizona 85016.

 

BACKGROUND

 

A. Debtor and Assignee have entered into the Security Agreement dated as of even date herewith (the “Security Agreement”), pursuant to which Debtor has agreed to grant to Assignee a continuing security interest in, and pledge and assign to Assignee, all of Debtor's Collateral (as defined therein).

 

B. In connection with the Security Agreement, Debtor desires to enter into this Agreement to assign and grant to Assignee a lien on and a continuing security interest in the trademarks and copyrights hereinafter described.

 

NOW, THEREFORE, in consideration of ten dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Debtor assigns, mortgages and pledges to, and grants to Assignee, a lien on and a continuing security interest in, the following property:

 

(i) Each trademark, trademark registration, trademark application and copyright listed on Schedule A hereto, and all of the goodwill of the business connected with the use of, and symbolized by, each such trademark, trademark registration, trademark application and copyright; and

 

(ii) Any claim by Debtor against third parties for damages by reason of past, present or future infringement of any trademark, trademark registration, trademark application or copyright listed on Schedule A hereto or by reason of injury to the goodwill associated with any such trademark, trademark registration, trademark application or copyright, in each case together with the right to sue for and collect said damages;

 

to secure performance of all Liabilities of Debtor as set out in the Security Agreement.

 

Notwithstanding anything herein to the contrary, this Agreement shall not operate as a sale, transfer, conveyance or other assignment to the Assignee of any applications by Debtor for a trademark based on an intent to use the same if and so long as such application is pending without a Statement of Use having been filed and accepted (such pending applications which are based on intent to use being hereinafter referred to collectively as “Intent-To-Use Applications”), but rather, if and so long as Debtor’s Intent-To-Use Application is pending without a Statement of Use having been filed and accepted, then this Agreement shall operate only to create a security interest for collateral purposes in favor of Assignee, for the ratable benefit of Assignee, on such Intent-To-Use Application as collateral security for the Liabilities. When a Statement of Use is filed and accepted by the Trademark Office, then that application shall cease to be partly exempted from this Agreement.

 

Debtor does hereby further acknowledge and affirm that the rights and remedies of Assignee with respect to the assignment, mortgage, pledge and security interest in the trademarks, trademark registrations, trademark applications and copyrights made and granted hereby are more fully set forth in the Security Agreement.

 

[SIGNATURE PAGE TO FOLLOW]

 

  

-1-

  

IN WITNESS WHEREOF, Debtor and Assignee have caused this Trademark and Copyright Collateral Agreement to be duly executed as of the date and year last above written.

 

	
XHIBIT CORP.,

 

By:  /s/ Scott Wiley

Name:  Scott Wiley

Title:  CFO

 

	
SMXE LENDING, LLC

 

By: SMXE LENDING HOLDINGS, LLC, Manager

 

By:  /s/ Tina Rhodes-Hall

Name:  Tina Rhodes-Hall

Title:  Authorized Representative

  

-2-

  

SCHEDULE A

TO TRADEMARK AND COPYRIGHT COLLATERAL AGREEMENT

 

U.S. REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS

FEDERAL TRADEMARK REGISTRATIONS

 

	
TRADEMARKS

	
FILED

	
SERIAL #

	
REG. DATE

	
REG. #

	
ADBIND

	
5-8-2012

	
85/619,285

	
6-18-2013

	
4,355,273

	
FLYREPLY

	
4-18-2012

	
85/601,656

	
6-11-2013

	
4,351,370

	
LEAD REVOLUTION

	
9-19-2012

	
85/732,970

	
4-23-2013

	
4,324,444

 

PENDING FEDERAL TRADEMARK APPLICATIONS

 

	
TRADEMARKS

	
FILED

	
SERIAL #

	
MOOKE

	
5-31-2012

	
85/640,222

	
MOVIESOCIAL

	
8-15-2012

	
85/704,748

	
XHIBIT

	
10-10-2012

	
85/750,471

	
YOOSIP

	
9-7-2012

	
85/723,848

 

U.S. REGISTERED COPYRIGHTS

 

	
TITLE

	
REG. DATE

	
REG. #

	
CONSUMER PROTECTION SERVICES

	
2-11-2013

	
Txu001855245

 

FOREIGN REGISTERED TRADEMARKS AND COPYRIGHTS

 

NONE

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