Document:

Subordination Agreement, dated September 28, 2005

 Exhibit 10.29 
  
 SUBORDINATION AGREEMENT 
  
 This Subordination Agreement is made as of September 28, 2005, by and between COMDIAL CORPORATION, a Delaware corporation with a place of
business at 106 Cattleman Road, Sarasota, Florida 34222 (“Creditor”), and SILICON VALLEY BANK, a California-chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a
loan production office located at 2221 Washington Street, Suite 200, Newton, Massachusetts 02462, doing business under the name “Silicon Valley East” (“Bank”). 
  
 Recitals 
  

	A.	ARTISOFT, INC., a Delaware corporation, and VERTICAL COMMUNICATIONS ACQUISITION CORP., a Delaware corporation (individually and collectively, jointly and severally,
“Borrower”) have requested and/or obtained certain loans or other credit accommodations from Bank to Borrower which are or may be from time to time secured by assets and property of Borrower. 

  

	B.	Creditor has extended loans or other credit accommodations to Borrower, and/or may extend loans or other credit accommodations to Borrower from time to time.

  

	C.	In order to induce Bank to extend credit to Borrower and, at any time or from time to time, at Bank’s option, to make such further loans, extensions of credit, or other
accommodations to or for the account of Borrower, or to purchase or extend credit upon any instrument or writing in respect of which Borrower may be liable in any capacity, or to grant such renewals or extension of any such loan, extension of
credit, purchase, or other accommodation as Bank may deem advisable, Creditor is willing to subordinate: (i) all of Borrower’s indebtedness and obligations to Creditor, whether presently existing or arising in the future (the
“Subordinated Debt”) to all of Borrower’s indebtedness and obligations to Bank; and (ii) all of Creditor’s security interests, if any, to all of Bank’s security interests in the Borrower’s property.

  
 NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 

 
 1. Creditor subordinates to Bank any security interest or lien that
Creditor may have in any property of Borrower. Notwithstanding the respective dates of attachment or perfection of the security interest of Creditor and the security interest of Bank, the security interest of Bank in the Collateral (the
“Collateral”), as defined in a certain Loan and Security Agreement between Borrower and Bank dated as of September 28, 2005, as may be amended from time to time (the “Loan Agreement”), shall at all times be senior to the
security interest of Creditor. 
  
 2. All Subordinated Debt is
subordinated in right of payment to all obligations of Borrower to Bank now existing or hereafter arising, together with all costs of collecting such obligations (including attorneys’ fees), including, without limitation, all interest accruing
after the commencement by or against Borrower of any bankruptcy, reorganization or similar proceeding, and all obligations under the Loan Agreement (collectively, the “Senior Debt”), provided that the principal amount of such indebtedness
shall be limited to $9,000,000.00 plus principal amounts in connection with any existing cash secured credit extensions (including letters of credit and cash management services) in an amount not to exceed $500,000.00. 
  

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 3. Creditor will not demand or receive from Borrower (and Borrower will not pay to Creditor) all or any
part of the Subordinated Debt, by way of payment, prepayment, setoff, lawsuit or otherwise, nor will Creditor exercise any remedy with respect to the Collateral, nor will Creditor accelerate the Subordinated Debt, or commence, or cause to commence,
prosecute or participate in any administrative, legal or equitable action against Borrower, until such time as both (i) the Senior Debt is fully paid in cash, (ii) Bank has no commitment or obligation to lend any further funds to Borrower,
and (iii) any outstanding letters of credit issued or caused to be issued by Bank on behalf of Borrower have been cash collateralized in an amount equal to 105% of the face amount of all such letters of credit plus all interest, fees and cost
due or to become due in connection therewith. The foregoing notwithstanding, Creditor shall be entitled to receive its regularly scheduled payment of principal and interest on September 28, 2006 pursuant to the terms of the Secured Subordinated
Promissory Note dated as of September 28, 2005 made by Artisoft, Inc. payable to the Creditor in the original principal amount of $2,500,000 that constitutes Subordinated Debt, provided that a Default, as defined in the Loan Agreement, has not
occurred and is not continuing and has not been cured and would not exist immediately after such payment. Notwithstanding the foregoing, in the event an Event of Default occurs and is continuing under the Subordinated Debt (a “SubDebt
Default”), Creditor may, after the expiration of any applicable grace or cure period and subject to the terms of this Agreement, commence the enforcement of its rights in connection with the Subordinated Debt commencing 120 days following the
date of receipt by Bank of written notice from Creditor of the SubDebt Default (a “SubDebt Enforcement Notice”); unless prior to the expiration of such 120-day period, Bank has commenced a judicial proceeding or non-judicial actions to
collect or enforce the Senior Debt or the collateral for the Senior Debt, or a case or proceeding by or against Borrower is commenced under the federal Bankruptcy Code or any other insolvency law, then such 120-day period shall be extended until the
payment in cash or other property or securities in the full amount of the Senior Debt. Any SubDebt Enforcement Notice delivered hereunder shall include a specific reference to this section, a reference to the specific SubDebt Default (which SubDebt
Default can not be declared as a result of any cross-default under the Loan Agreement until on or after May 28, 2006 nor can such SubDebt Default be declared based upon a cross-default under the Loan Agreement in connection with an Event of
Default thereunder which has not been declared by Bank or has been waived or cured) and indicate what enforcement actions are contemplated by the Creditor. Borrower hereby expressly acknowledges and agrees that the delivery of such a SubDebt
Enforcement Notice by Creditor to Bank shall be an immediate Event of Default under the Loan Agreement, for which there shall be no grace or cure period. Nothing in the foregoing paragraph shall prohibit Creditor from converting all or any part of
the Subordinated Debt into equity securities of Borrower. 
  
 4.
Creditor shall promptly deliver to Bank in the form received (except for endorsement or assignment by Creditor where required by Bank) for application to the Senior Debt any payment, distribution, security or proceeds received by Creditor with
respect to the Subordinated Debt other than in accordance with this Agreement. 
  
 5. If Creditor sends Borrower a notice of default under the Subordinated Debt, Creditor shall use best efforts to promptly deliver a copy of the notice of default to Bank, but failure to do so shall not, in and of
itself, be a breach of this Agreement nor affect any of Creditor’s rights in respect of the Subordinated Debt. If Bank sends the Borrower a notice of default under the Senior Debt, Bank shall use best efforts to promptly deliver a copy of the
notice of default to Creditor, but failure to do so shall not, in and of itself, be a breach of this Agreement nor affect any of Bank’s rights in respect of the Senior Debt. 
  
 6. In the event of Borrower’s insolvency, reorganization or any case or proceeding under any bankruptcy or insolvency
law or laws relating to the relief of debtors, these provisions shall remain in full force and effect, and Bank’s claims against Borrower and the estate of Borrower shall be paid in full before any payment is made to Creditor. 
  
 7. Until the Senior Debt is fully paid in cash and Bank’s obligation to
lend any funds to Borrower has been terminated, Creditor irrevocably appoints Bank as Creditor’s attorney-in-fact, and grants to Bank a power of attorney with full power of substitution, in the name of Creditor or in the name of Bank, for the
use and benefit of Bank, without notice to Creditor, to perform at Bank’s option the following acts in any bankruptcy, insolvency or similar proceeding involving Borrower: 
  
 (i) To file the appropriate claim or claims in respect of the Subordinated Debt on behalf of Creditor if
Creditor does not do so prior to 30 days before the expiration of the time to file claims in such proceeding and if Bank elects, in its sole discretion, to file such claim or claims; and 
  

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 (ii) To accept or reject any plan of reorganization or arrangement on behalf of Creditor
and to otherwise vote Creditor’s claims in respect of any Subordinated Debt in any manner that Bank deems appropriate for the enforcement of its rights hereunder. 
  
 However in no event, shall Creditor be deemed to consent to any acts taken by Bank which may be in violation of the terms of
the Subordinated Secured Promissory Note or Loan Agreement. 
  
 8.
Creditor shall immediately affix a legend to the instruments evidencing the Subordinated Debt stating that the instruments are subject to the terms of this Agreement. By the execution of this Agreement, Creditor hereby authorizes Bank to amend any
financing statements filed by Creditor against Borrower as follows: “In accordance with a certain Subordination Agreement by and among the Secured Party, the Debtor and Silicon Valley Bank, the Secured Party has subordinated any security
interest or lien that Secured Party may have in any property of the Debtor to the security interest of Silicon Valley Bank in all assets of the Debtor, notwithstanding the respective dates of attachment or perfection of the security interest of the
Secured Party and Silicon Valley Bank.” 
  
 9. No amendment
of the documents evidencing or relating to the Subordinated Debt shall directly or indirectly modify the provisions of this Agreement in any manner which might terminate or impair the subordination of the Subordinated Debt or the subordination of
the security interest or lien that Creditor may have in any property of Borrower. By way of example, such instruments shall not be amended to (i) increase the rate of interest with respect to the Subordinated Debt, or (ii) accelerate the
payment of the principal or interest or any other portion of the Subordinated Debt. 
  
 10. If, at any time after payment in full of the Senior Debt any payments of the Senior Debt must be disgorged by Bank for any reason (including, without limitation, the bankruptcy of Borrower), this Agreement and the
relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and Creditor shall immediately pay over to Bank all payments received with respect to the Subordinated
Debt to the extent that such payments would have been prohibited hereunder. At any time and from time to time, without notice to Creditor, Bank may take such actions with respect to the Senior Debt as Bank, in its sole discretion, may deem
appropriate, including, without limitation, terminating advances to Borrower, increasing the principal amount, extending the time of payment, increasing applicable interest rates, renewing, compromising or otherwise amending the terms of any
documents affecting the Senior Debt and any collateral securing the Senior Debt, and enforcing or failing to enforce any rights against Borrower or any other person. No such action or inaction shall impair or otherwise affect Bank’s rights
hereunder. 
  
 11. This Agreement shall bind any successors or
assignees of Creditor and shall benefit any successors or assigns of Bank. This Agreement shall remain effective until terminated in writing by Bank. This Agreement is solely for the benefit of Creditor and Bank and not for the benefit of Borrower
or any other party. Creditor further agrees that if Borrower is in the process of refinancing a portion of the Senior Debt with a new lender, and if Bank makes a request of Creditor, Creditor shall agree to enter into a new subordination agreement
with the new lender on substantially the terms and conditions of this Agreement. 
  

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 12. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one instrument. 
  
 13.
This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without giving effect to conflicts of laws principles. Creditor and Bank submit to the exclusive jurisdiction of the state and
federal courts located in Boston, Massachusetts in any action, suit, or proceeding of any kind, against it which arises out of or by reason of this Agreement; provided, however, that if for any reason Bank cannot avail itself of the Courts of The
Commonwealth of Massachusetts, Creditor accepts jurisdiction of the Courts and venue in Santa Clara County, California. CREDITOR AND BANK WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN. 
  
 14.
This Agreement represents the entire agreement with respect to the subject matter hereof, and supersedes all prior negotiations, agreements and commitments. Creditor is not relying on any representations by Bank or Borrower in entering into this
Agreement, and Creditor has kept and will continue to keep itself fully apprised of the financial and other condition of Borrower. This Agreement may be amended only by written instrument signed by Creditor and Bank. 
  
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written. 
  

							
	“Creditor”	 	“Bank”
		
	COMDIAL CORPORATION	 	SILICON VALLEY BANK, d/b/a SILICON VALLEY EAST
				
	By:	 	  

	 	By:	 	  

				
	Title:	 	  

	 	Title:	 	  

  

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	The undersigned approves of the terms of this Agreement.
	
	“Borrower”
	
	ARTISOFT, INC.
		
	By:	 	  

		
	Title:	 	  

	
	VERTICAL COMMUNICATIONS ACQUISITION CORP.
		
	By:	 	  

		
	Title:	 	  

  

 -5-Intellectual Property Security Agreement

 Exhibit 10.30 
  
 INTELLECTUAL PROPERTY SECURITY AGREEMENT 
  
 This Intellectual Property Security Agreement (this “IP Agreement”) is made as of the 28th day of September, 2005,
by and between ARTISOFT, INC., a Delaware corporation with its principal place of business at 5 Cambridge Center, Cambridge, Massachusetts (“Grantor”), and SILICON VALLEY BANK, a California-chartered bank, with its
principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462, doing business under the name
“Silicon Valley East” (“Lender”). 
  
 RECITALS 
  
 A. Lender has agreed to make advances
of money and to extend certain financial accommodations to Grantor and VERTICAL COMMUNICATIONS ACQUISITION CORP., a Delaware corporation (the “Loan”), pursuant to a certain Loan and Security Agreement of even date herewith (as may be
amended, the “Loan Agreement”). The Loan is secured pursuant to the terms of the Loan Agreement. Lender is willing to enter into certain financial accommodations with Grantor, but only upon the condition, among others, that Grantor shall
grant to Lender a security interest in certain Copyrights, Trademarks, Patents, and Mask Works, and other assets, to secure the obligations of Grantor under the Loan Agreement. Defined terms used but not defined herein shall have the same meanings
as in the Loan Agreement. 
  
 B. Pursuant to the terms of the Loan
Agreement, Grantor has granted to Lender a security interest in all of Grantor’s right title and interest, whether presently existing or hereafter acquired in, to and under all of the Collateral (as defined therein). 
  
 NOW, THEREFORE, for good and valuable consideration, receipt of which
is hereby acknowledged and intending to be legally bound, as collateral security for the prompt and complete payment when due of Grantor’s Indebtedness (as defined below), Grantor hereby represents, warrants, covenants and agrees as follows:

  
 1. Grant of Security Interest. As collateral security for the
prompt and complete payment and performance of all of Grantor’s present or future indebtedness, obligations and liabilities to Lender (hereinafter, the “Indebtedness”), including, without limitation, under the Loan Agreement, Grantor
hereby grants a security interest in all of Grantor’s right, title and interest in, to and under its registered and unregistered intellectual property collateral (all of which shall collectively be called the “Intellectual Property
Collateral”), including, without limitation, the following: 
  
 (a) Any and all copyright rights, copyright applications, copyright registrations and like protections in each work or authorship and derivative work thereof, whether published or unpublished, registered or
unregistered, and whether or not the same also constitutes a trade secret, now or hereafter existing, created, acquired or held, including without limitation those set forth on EXHIBIT A attached hereto (collectively, the
“Copyrights”); 
  
 (b) Any and all
trade secret rights, including any rights to unpatented inventions, know-how, operating manuals, license rights and agreements, and confidential information, and any and all intellectual property rights in computer software and computer software
products now or hereafter existing, created, acquired or held; 
  

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 (c) Any and all design rights which may be available to Grantor now or hereafter
existing, created, acquired or held; 
  
 (d) All
patents, patent applications and like protections including, without limitation, improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same, including, without limitation, the patents and patent
applications set forth on EXHIBIT B attached hereto (collectively, the “Patents”); 
  
 (e) Any trademark and service mark rights, slogans, trade dress, and tradenames, trade styles, whether registered or not, applications to
register and registrations of the same and like protections, and the entire goodwill of the business of Grantor connected with and symbolized by such trademarks, including, without limitation, those set forth on EXHIBIT C attached hereto
(collectively, the “Trademarks”); 
  
 (f) All mask works or similar rights available for the protection of semiconductor chips, now owned or hereafter acquired, including, without limitation, those set forth on EXHIBIT D attached hereto (collectively, the “Mask
Works”); 
  
 (g) Any and all claims for
damages by way of past, present and future infringements of any of the rights included above, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the intellectual property rights identified
above; 
  
 (h) All licenses or other rights to
use any of the Copyrights, Patents, Trademarks, or Mask Works and all license fees and royalties arising from such use to the extent permitted by such license or rights, including, without limitation, those set forth on EXHIBIT E attached
hereto; 
  
 (i) All amendments, extensions,
renewals and extensions of any of the Copyrights, Trademarks, Patents, or Mask Works; and 
  
 (j) All proceeds and products of the foregoing, including, without limitation, all payments under insurance or any indemnity or warranty
payable in respect of any of the foregoing. 
  
 2. Authorization
and Request. Grantor authorizes and requests that the Register of Copyrights and the Commissioner of Patents and Trademarks record this IP Agreement, or a copy thereof. 
  
 3. Covenants and Warranties. Grantor represents, warrants, covenants and agrees as follows: 
  
 (a) Grantor is now the sole owner of the Intellectual
Property Collateral, except for non-exclusive licenses granted by Grantor to its customers in the ordinary course of business. Lender recognizes that some of the Intellectual Property Collateral is being acquired by Grantor pursuant to provisions of
the Asset Purchase Agreement dated as of September 1, 2005 between Comdial Corporation and Vertical Communications Acquisition Corp. and that as of the date of this IP Agreement, record ownership for such acquired Intellectual Property
Collateral has not been transferred to Grantor. 
  
 (b) Performance of this IP Agreement does not conflict with or result in a breach of any material agreement to which Grantor is bound. 
  

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 (c) During the term of this IP Agreement, Grantor will not transfer or otherwise encumber
any interest in any Intellectual Property Collateral, except for non-exclusive licenses granted by Grantor in the ordinary course of business or as set forth in this IP Agreement; 
  
 (d) To its knowledge, each of the Patents is valid and enforceable, and no part of the Intellectual Property
Collateral has been judged invalid or unenforceable, in whole or in part, and, except for disputes in the ordinary course of business where an adverse ruling would not have a material adverse effect to Grantor, no claim has been made that any part
of the Intellectual Property Collateral violates the rights of any third party; 
  
 (e) Grantor shall promptly advise Lender of any material adverse change in the composition of the Collateral, including but not limited
to, any subsequent ownership right of the Grantor in or to any Trademark, Patent, Copyright, or Mask Work specified in this IP Agreement; 
  
 (f) Grantor shall (i) protect, defend and maintain the validity and enforceability of the Trademarks, Patents, Copyrights, and Mask
Works, (ii) use its best efforts to detect infringements of the Trademarks, Patents, Copyrights, and Mask Works and promptly advise Lender in writing of material infringements detected and (iii) not allow any Trademarks, Patents,
Copyrights, or Mask Works to be abandoned, forfeited or dedicated to the public without the written consent of Lender, which shall not be unreasonably withheld, unless Grantor determines that reasonable business practices suggest that failure to
protect, defend or maintain or abandonment is appropriate; 
  
 (g) Grantor shall take such further actions as Lender may reasonably request from time to time to perfect or continue the perfection of Lender’s interest in the Intellectual Property Collateral; 
  
 (h) This IP Agreement creates, and in the case of after
acquired Intellectual Property Collateral, this IP Agreement will create at the time Grantor first has rights in such after acquired Intellectual Property Collateral, in favor of Lender a valid and perfected first priority security interest and
collateral assignment in the Intellectual Property Collateral in the United States securing the payment and performance of the obligations evidenced by the Loan Agreement; 
  
 (i) To its knowledge, except for, and upon, the filing of UCC financing statements, or other notice filings
or notations in appropriate filing offices, if necessary to perfect the security interests created hereunder, no authorization, approval or other action by, and no notice to or filing with, any U.S. governmental authority or U.S. regulatory body is
required either (a) for the grant by Grantor of the security interest granted hereby, or for the execution, delivery or performance of this IP Agreement by Grantor in the U.S. or (b) for the perfection in the United States or the exercise
by Lender of its rights and remedies thereunder; 
  
 (j) All information heretofore, herein or hereafter supplied to Lender by or on behalf of Grantor with respect to the Intellectual Property Collateral is accurate and complete in all material respects; 
  
 (k) Grantor shall not enter into any agreement that would
materially impair or conflict with Grantor’s obligations hereunder without Lender’s prior written consent, which consent shall not be unreasonably withheld. Grantor shall not permit the inclusion in any material contract to which it
becomes a party of any provisions that could or might in any way prevent the creation of a security interest in Grantor’s rights and interest in any property included within the definition of the Intellectual Property Collateral acquired under
such contracts; and 
  

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 (l) Upon any executive officer of Grantor obtaining actual knowledge thereof, Grantor
will promptly notify Lender in writing of any event that materially adversely affects the value of any material Intellectual Property Collateral, the ability of Grantor to dispose of any material Intellectual Property Collateral or the rights and
remedies of Lender in relation thereto, including the levy of any legal process against any of the Intellectual Property Collateral. 
  
 4. Lender’s Rights. Lender shall have the right, but not the obligation, to take, at Grantor’s sole expense, any actions that Grantor is
required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days’ notice to Grantor. Grantor shall reimburse and indemnify Lender for all reasonable costs and reasonable expenses incurred in the reasonable
exercise of its rights under this section 4. 
  
 5. Inspection
Rights. Grantor hereby grants to Lender and its employees, representatives and agents the right to visit, during reasonable hours upon prior reasonable written notice to Grantor, any of Grantor’s plants and facilities that manufacture, install
or store products (or that have done so during the prior six-month period) that are sold utilizing any of the Intellectual Property Collateral, and to inspect the products and quality control records relating thereto upon reasonable written notice
to Grantor and as often as may be reasonably requested, but not more than once in every six (6) months; provided, however, nothing herein shall entitle Lender access to Grantor’s trade secrets and other proprietary information. 

 
 6. Further Assurances; Attorney in Fact. 
  
 (a) On a continuing basis, Grantor will, upon request by Lender, subject to
any prior licenses, encumbrances and restrictions and prospective licenses, make, execute, acknowledge and deliver, and file and record in the proper filing and recording places in the United States, all such instruments, including appropriate
financing and continuation statements and collateral agreements and filings with the United States Patent and Trademarks Office and the Register of Copyrights, and take all such action as may reasonably be deemed necessary or advisable, or as
requested by Lender, to perfect Lender’s security interest in all Copyrights, Patents, Trademarks, and Mask Works and otherwise to carry out the intent and purposes of this IP Agreement, or for assuring and confirming to Lender the grant or
perfection of a security interest in all Intellectual Property Collateral. 
  
 (b) In addition to section 6(a) above, Grantor shall not register any of its Copyrights or Mask Works with the Register of Copyrights without first executing and simultaneously registering an IP Agreement, in the
identical form of this IP Agreement, with the Register of Copyrights, listing such Copyrights(s) on Exhibit A thereto and/or such Mask Works on Exhibit D in order to protect and perfect Lender’s security interest in such Copyrights or Mask
Works. Promptly after such registration, Grantor shall forward to the Lender, at the address listed above, a copy of, and the original IP Agreement as filed with the Register of Copyrights. 
  
 (c) Grantor hereby irrevocably appoints Lender as Grantor’s
attorney-in-fact, with full authority in the place and stead of Grantor and in the name of Grantor, Lender or otherwise, from time to time in Lender’s discretion, upon Grantor’s failure or inability to do so, to take any action and to
execute any instrument which Lender may deem necessary or advisable to accomplish the purposes of this IP Agreement, including: 
  
 (i) To modify, in its sole discretion, this IP Agreement without first obtaining Grantor’s approval of or signature to such
modification by amending Exhibit A, Exhibit B, Exhibit C, and Exhibit D hereof, as appropriate, to include reference to any right, title or interest in any Copyrights, Patents, Trademarks or Mask Works acquired by Grantor after the execution hereof
or to delete any reference to any right, title or interest in any Copyrights, Patents, Trademarks, or Mask Works in which Grantor no longer has or claims any right, title or interest; and 
  

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 (ii) To file, in its sole discretion, one or more financing or continuation statements
and amendments thereto, relative to any of the Intellectual Property Collateral without the signature of Grantor where permitted by law. 
  
 (iii) Grantor hereby authorizes Lender to file financing statements without notice to Grantor with all appropriate jurisdictions, as
Lender deems appropriate, in order to further perfect or protect Lender’s interest in the Intellectual Property Collateral. 
  
 7. Events of Default. The occurrence of any of the following shall constitute an Event of Default under this IP Agreement: 
  
 (a) An Event of Default occurs under the Loan Agreement; or

  
 (b) Grantor breaches any warranty or covenant
made by Grantor in this IP Agreement and such breach is not remedied within ten (10) days after the earlier to occur of (i) notice thereof by Lender to Grantor, or (ii) knowledge thereof by Grantor. 
  
 8. Remedies. Upon the occurrence and continuance of an Event of Default,
Lender shall have the right to exercise all the remedies of a secured party under the Massachusetts Uniform Commercial Code, including, without limitation, the right to require Grantor to assemble the Intellectual Property Collateral and any
tangible property in which Lender has a security interest and to make it available to Lender at a place designated by Lender. Lender shall have a nonexclusive, royalty free license to use the Copyrights, Patents, Trademarks, and Mask Works to the
extent reasonably necessary to permit Lender to exercise its rights and remedies upon the occurrence of and during the continuance of an Event of Default. Grantor will pay any expenses (including reasonable attorney’s fees) incurred by Lender
in connection with the exercise of any of Lender’s rights hereunder, including, without limitation, any expense incurred in disposing of the Intellectual Property Collateral. All of Lender’s rights and remedies with respect to the
Intellectual Property Collateral shall be cumulative. 
  
 9.
Indemnity. Grantor agrees to defend, indemnify and hold harmless Lender and its officers, employees, and agents against: (a) all obligations, demands, claims, and liabilities claimed or asserted by any other party in connection with the
transactions contemplated by this IP Agreement, and (b) all losses or expenses in any way suffered, incurred, or paid by Lender as a result of or in any way arising out of, following or consequential to transactions between Lender and Grantor,
whether under this IP Agreement or otherwise (including without limitation, reasonable attorneys fees and reasonable expenses), except for losses arising from or out of Lender’s gross negligence or willful misconduct. 
  
 10. Termination. At such time as Grantor shall completely satisfy all of the
obligations secured hereunder, Lender shall execute and deliver to Grantor all releases, terminations, and other instruments as may be necessary or proper to release the security interest hereunder. 
  
 11. Course of Dealing. No course of dealing, nor any failure to
exercise, nor any delay in exercising any right, power or privilege hereunder shall operate as a waiver thereof. 
  
 12. Amendments. This IP Agreement may be amended only by a written instrument signed by both parties hereto. 
  
 13. Counterparts. This IP Agreement may be executed in two or more
counterparts, each of which shall be deemed an original but all of which together shall constitute the same instrument. 
  

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 14. Law and Jurisdiction. This IP Agreement shall be governed by and construed in accordance with the
laws of the Commonwealth of Massachusetts. GRANTOR ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE COMMONWEALTH OF MASSACHUSETTS
IN ANY ACTION, SUIT, OR PROCEEDING OF ANY KIND, AGAINST IT WHICH ARISES OUT OF OR BY REASON OF THIS AGREEMENT; PROVIDED, HOWEVER, THAT IF FOR ANY REASON LENDER CANNOT AVAIL ITSELF OF THE COURTS OF THE COMMONWEALTH OF MASSACHUSETTS, GRANTOR ACCEPTS
JURISDICTION OF THE COURTS AND VENUE IN SANTA CLARA COUNTY, CALIFORNIA. NOTWITHSTANDING THE FOREGOING, THE LENDER SHALL HAVE THE RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST THE GRANTOR OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION
WHICH THE LENDER DEEMS NECESSARY OR APPROPRIATE IN ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE ENFORCE THE LENDER’S RIGHTS AGAINST THE GRANTOR OR ITS PROPERTY. 
  
 GRANTOR AND LENDER EACH HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY RECOGNIZES AND AGREES THAT THE
FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT. EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS
FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 
  
 15.
Confidentiality. In handling any confidential information, Lender shall exercise the same degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (i) to Lender’s subsidiaries or
affiliates in connection with their present or prospective business relations with Grantor; (ii) to prospective transferees or purchasers of any interest in the Loans; (iii) as required by law, regulation, subpoena, or other order;
(iv) as required in connection with Lender’s examination or audit; and (v) as Lender considers appropriate in exercising remedies under this Agreement. Confidential information does not include information that either: (a) is in
the public domain or in Lender’s possession when disclosed to Lender, or becomes part of the public domain after disclosure to Lender; or (b) is disclosed to Lender by a third party, if Lender reasonably does not know that the third party
is prohibited from disclosing the information. 
  
 [remainder of
page intentionally left blank] 
  

 -6- 

 EXECUTED as a sealed instrument under the laws of the Commonwealth of Massachusetts on the day and
year first written above. 
  

					
	Address of Grantor:	 	GRANTOR:
		
	5 Cambridge Center	 	ARTISOFT, INC.
			
	Cambridge, MA	 	By:	 	  

			
	 	 	Name:	 	  

			
	 	 	Title:	 	  

  

 -7-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]