Document:

EXHIBIT 4.5

 

SECOND AMENDED AND RESTATED SECURITY AGREEMENT

THIS SECOND AMENDED AND RESTATED SECURITY AGREEMENT, dated as of July 14, 2016 (as amended, restated, supplemented, replaced or otherwise modified from time to time, this "Security Agreement"), is made by and among CINEDIGM CORP., a Delaware corporation (the "Company"), the other Loan Parties signatory hereto, certain Subsidiaries of the Company that may become party hereto from time to time pursuant to Section 10.13 (collectively, the "Subsidiary Grantors"), and CIT BANK, N.A., as Collateral Agent (in such capacity, together with its successors and assigns in such capacity, the "Collateral Agent") for the Secured Parties (as defined below).

RECITALS

A. The Company, the Administrative Agent, Collateral Agent and certain Lenders entered into that certain Second Amended and Restated Credit Agreement, dated as of April 29, 2015 (as amended, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement").

B. The Company, the Collateral Agent, and the other Loan Parties signatory thereto are parties to the Amended and Restated Security Agreement dated as of April 29, 2015 (the "Existing Security Agreement").

C. The parties hereto wish to amend and restate in its entirety the Existing Security Agreement as provided for herein.

D. Each Subsidiary Guarantor will realize direct and indirect benefits as the result of the amendment and restatement of the Existing Security Agreement and the availability of the senior secured credit facilities under the Credit Agreement to the Company and as the result of the financial or business support provided to such Subsidiary by the Company.

AGREEMENT

NOW, THEREFORE, in consideration of the above recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, each of the Grantors hereby agree with the Collateral Agent as follows:

SECTION 1.  Definitions and Interpretation.  When used in this Security Agreement, the following terms shall have the following respective meanings:

 "Account" means any "account," as such term is defined in Section 9-102(a)(2) of the UCC and, in any event, shall include all Receivables, accounts receivable, book debts and other forms of obligations (other than forms of obligations evidenced by Chattel Paper, Documents or Instruments) now owned or hereafter received or acquired by or belonging or owing to any Grantor (including under any trade name, style or division thereof) whether arising out of goods sold or services rendered by such Grantor or from any other transaction, whether or not the same involves the sale of goods or services by such Grantor (including any such obligation which may be characterized as an account or contract right under the UCC) and all of any Grantor's rights in, to and under all purchase orders or receipts now owned or hereafter acquired by it for goods or

 

 

services, and all of any Grantor's rights to any goods represented by any of the foregoing (including unpaid seller's rights of rescission, replevin, reclamation and stoppage in transit and rights to returned, reclaimed or repossessed goods), and all monies due or to become due to any Grantor under all purchase orders and contracts for the sale of goods or the performance of services or both by any Grantor (whether or not yet earned by performance on the part of such Grantor or in connection with any other transaction), now in existence or hereafter occurring, including the right to receive the proceeds of said purchase orders and contracts, and all collateral security and guarantees of any kind given by any Person with respect to any of the foregoing.

"Account Debtor" means any "account debtor," as such term is defined in Section 9‐102(a)(3) of the UCC.

"Act" has the meaning specified in Section 7(c) of this Security Agreement.

"Administrative Agent" has the meaning specified in the recitals hereto.

"Bankruptcy Code" means Title 11 of the United States Code.

"Chattel Paper" means any "chattel paper," as such term is defined in Section 9‐102(a)(11) of the UCC, including electronic chattel paper and tangible chattel paper.

"Collateral" has the meaning specified in Section 2.

"Collateral Agent" has the meaning specified in the introductory paragraph hereto.

"Commercial Tort Claim" means any "commercial tort claim," as such term is defined in Section 9-102(a)(13) of the UCC.

"Company" has the meaning specified in the introductory paragraph hereto.

"Condemnation and Insurance Proceeds" has the meaning assigned to such term in Section 5.17 of this Security Agreement.

"Contracts" means all contracts, undertakings, franchise agreements or other agreements (other than rights evidenced by Chattel Paper, Documents or Instruments) in or under which a Grantor may now or hereafter have any right, title or interest, including any Distribution Agreement, OLC Agreement (or any other distribution agreement, license agreement, agreement to receive royalties or similar agreement), and with respect to an Account, any agreement relating to the terms of payment or the terms of performance thereof.

 "Copyright Office" means the United States Copyright Office.

"Copyright License" means any agreement, whether in written or electronic form, in which a Grantor now holds or hereafter acquires any interest, granting any right in or to any Copyright or Copyright registration (whether such Grantor is the licensee or the licensor thereunder) including, without limitation, licenses pursuant to which such Grantor has obtained the exclusive right to use a copyright owned by a third party.

 

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"Copyrights" means all of the following now owned or hereafter acquired or created (as a work for hire for the benefit of a Grantor) by a Grantor or in which such Grantor now holds or hereafter acquires or receives any right or interest, in whole or in part: (a) all copyrights, whether registered or unregistered, held pursuant to the laws of the United States, any State or Province thereof or any other country; (b) registrations, applications, recordings and proceedings in the Copyright Office or in any similar office or agency of the United States or any other country; (c) any continuations, renewals or extensions thereof; (d) any registrations to be issued in any pending applications, and shall include any right or interest in and to work protectable by any of the foregoing which are presently or in the future owned, created or authorized (as a work for hire for the benefit of such Grantor) or acquired by such Grantor, in whole or in part; (e) prior versions of works covered by copyright and all works based upon, derived from or incorporating such works; (f) income, royalties, damages, claims and payments now and hereafter due and/or payable with respect to copyrights, including, without limitation, damages, claims and recoveries for past, present or future infringement; (g) rights to sue for past, present and future infringements of any copyright; and (h) any other rights corresponding to any of the foregoing rights throughout the world, including, without limitation, those set forth on Schedule VI hereto.

"Credit Agreement" has the meaning specified in the recitals hereto.

 "Deposit Account" means any "deposit account" as such term is defined in Section 9‐102(a)(29) of the UCC (or any other then applicable provision of the UCC), including any demand, time, savings passbook or like account, now or hereafter maintained by or for the benefit of a Grantor, or in which a Grantor now holds or hereafter acquires any interest, with a bank, savings and loan association, credit union or like organization (including any Secured Party), the Cinedigm Lockbox Accounts, the Operating Account and the Concentration Account, and all funds and amounts therein, whether or not restricted or designated for a particular purpose.

"Documents" means any "documents," as such term is defined in Section 9-102(a)(30) of the UCC.

"Electronic Chattel Paper" means any "electronic chattel paper" as such term is defined in Section 9-102(a)(31) of the UCC.

"Equity Interests" means, collectively, the notes, the stock, partnership interests, and limited liability company interests of any Person, all certificates or other instruments representing any of the foregoing, all security entitlements in respect of any of the foregoing, all dividends, interest, cash, warrants, rights, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing.

"General Intangible" means any "general intangible," as such term is defined in Section 9-102(a)(42) of the UCC (or any other then applicable provision of the UCC), and, in any event, shall include all right, title and interest which a Grantor may now or hereafter have in or under any Contract, all customer lists, all proprietary or confidential information, inventions (whether or not patented or patentable), interests in partnerships, joint ventures and other business associations, permits, books and records, goodwill, claims in or under insurance policies, including unearned 

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premiums, Payment Intangibles, Software, uncertificated securities, cash and other forms of money or currency, rights to receive tax refunds and other payments and rights of indemnification.

"Grantor" means the Company, each Subsidiary Grantor and any other Subsidiary of the Company that becomes party to this Security Agreement pursuant to Section 10.13.

"Instruments" means any "instrument," as such term is defined in Section 9-102(a)(47) of the UCC (or any other then applicable provision of the UCC), including all notes, certificated securities and all other evidences of Indebtedness, other than instruments that constitute, or are a part of a group of writings that constitute, Chattel Paper.

"Intellectual Property" means any intellectual property, in any medium, of any kind or nature whatsoever, now or hereafter owned or acquired or received by a Grantor or in which a Grantor now holds or hereafter acquires or receives any right or interest, and shall include, in any event, any Copyright, Trademark, Patent, trade secret, customer list, internet domain name (including any right related to the registration thereof), proprietary or confidential information, mask work, source, object or other programming code, invention (whether or not patented or patentable), technical information, procedure, design, knowledge, know-how, software, data base, data, skill, expertise, recipe, experience, process, model, drawing, material or record.

"Intercreditor Agreement" means that certain Intercreditor Agreement, dated as of the date hereof, by and among the First Lien Agent and the Second Lien Agent, as it may be amended, restated, supplemented, replaced or otherwise modified from time to time.

"Inventory" means any "inventory," as such term is defined in Section 9-102(a)(48) of the UCC (or any other then applicable provision of the UCC), wherever located, now or hereafter owned or acquired by a Grantor or in which a Grantor now holds or hereafter acquires any interest, including all Inventory, and, in any event, shall include all inventory, goods and other personal property which are held by or on behalf of a Grantor for sale or lease or are furnished or are to be furnished under a contract of service or which constitute raw materials, work in process or materials used or consumed or to be used or consumed in a Grantor's business, or the processing, packaging, promotion, delivery or shipping of the same, and all finished goods whether or not such inventory is listed on any schedules, assignments or reports furnished to any Secured Party from time to time and whether or not the same is in transit or in the constructive, actual or exclusive occupancy or possession of a Grantor or is held by a Grantor or by others for a Grantor's account, including all goods covered by purchase orders and contracts with suppliers and all goods billed and held by suppliers and all inventory of a Grantor which may be located on the premises of a Grantor or of any carriers, forwarding agents, truckers, warehousemen, vendors, selling agents or other Persons.

"Investment Property" means any "investment property," as such term is defined in Section 9-102(a)(49) of the UCC and shall include all certificated securities, uncertificated securities, security entitlements, Securities Accounts, commodity contracts and commodity accounts as each such term is defined in the UCC.

"Letter-of-Credit Right" means any "letter-of-credit right," as such term is defined in Section 9-102(a)(51) of the UCC.

 

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"Licenses" means Copyright Licenses, Patent Licenses, and Trademark Licenses.

"Obligors" means, collectively, the Company and each Subsidiary Grantor.

"Patent and Trademark Office" means the United States Patent and Trademark Office or any successor office or agency thereto.

"Patent Applications" means all applications made by, or on behalf of, a Grantor to the Patent and Trademark Office or to any similar office or agency of any foreign country or political subdivision thereof for the registration of Patents.

"Patent License" means any agreement, whether in written or electronic form, in which any Grantor now holds or hereafter acquires any interest, granting any right in and to any Patent or Patent registration (whether such Grantor is the licensee or the licensor thereunder).

"Patent Registrations" means all Patents registered with the Patent and Trademark Office or with any similar office or agency of any foreign country or political subdivision thereof and all Patent Applications.

"Patents" means all of the following in which a Grantor now holds or hereafter acquires any interest: (a) all letters patent of the United States, or any other country, all registrations and recordings thereof and all applications for letters patent of the United States, or any other country, including, without limitation, registrations, recordings and applications in the Patent and Trademark Office or in any similar office or agency of the United States, any state or any other country; (b) all reissues, divisions, continuations, renewals, continuations-in-part or extensions thereof; (c) all petty patents, divisionals and patents of addition; (d) all patents to issue in any such applications; (e) income, royalties, damages, claims and payments now and hereafter due and/or payable with respect to patents, including, without limitation, damages, claims and recoveries for past, present or future infringement; and (f) rights to sue for past, present and future infringements of any patent, including, without limitation, those set forth Schedule VI hereto.

"Payment Intangible" means "payment intangible," as such term is defined in Section 9‐102(a)(61) of the UCC.

 "Pledged Instruments" has the meaning specified in Section 2(g).

"Proceeds" means "proceeds," as such term is defined in Section 9-102(a)(64) of the UCC, and, in any event, shall include (a) any and all Accounts, Chattel Paper, Instruments, cash or other forms of money or currency or other proceeds payable to a Grantor from time to time in respect of the Collateral, (b) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to a Grantor from time to time with respect to any of the Collateral, (c) any and all payments (in any form whatsoever) made or due and payable to a Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any Person acting under color of governmental authority), (d) all certificates, dividends, cash, Instruments and other property received or distributed in respect of or in exchange for any Investment Property, and (e) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral.

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"Receivable" means all of any Grantor's (other than any Grantor that is a Foreign Subsidiary) "accounts", as such term is defined in Section 9-102(a)(2) of the UCC, contract rights, instruments (including those evidencing indebtedness owed to such Grantor by its Affiliates), documents, chattel paper (including electronic chattel paper), general intangibles relating to accounts, drafts and acceptances, credit card receivables and all other forms of obligations owing to such Grantor arising out of or in connection with the sale or lease of Inventory or the rendition of services, all supporting obligations, guarantees and other security therefor, whether secured or unsecured, now existing or hereafter created, and whether or not specifically sold or assigned to a Secured Party hereunder.

 "Secured Obligations" means the "Obligations" as defined in the Credit Agreement.

"Secured Party" means, at any time, any or all of the Lenders, the Issuing Banks, the Agents, the Secured Hedging Counterparties, each other Indemnitee and any other holder at the time of any Secured Obligation.

"Securities Account" means "securities account," as such term is defined in Section 8‐501(a) of the UCC (or any other then applicable provision of the UCC).

"Senior Credit Agreement" has the meaning specified in the recitals hereto.

"Software" means "software," as such term is defined in Section 9-102(a)(75) of the UCC.

"Subsidiary Grantor" means any Loan Party other than the Company, as well as any Subsidiary of the Company that becomes party to this Security Agreement pursuant to Section 10.13.

"Supporting Obligation" means "supporting obligation," as such term is defined in Section 9-102(a)(77) of the UCC.

 "Trade Secrets" means information, including a formula, pattern, compilation, program, device, method, technique, or process that derives independent economic value, actual or potential, from not being generally known to or readily ascertainable through appropriate means by other persons who might obtain economic value form its disclosure or use; and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

"Trademark License" means any agreement, whether in written or electronic form, in which any Grantor now holds or hereafter acquires any interest, granting any right in and to any Trademark or Trademark registration (whether such Grantor is the licensee or the licensor thereunder).

"Trademarks" means any of the following in which any Grantor now holds or hereafter acquires any interest: (a) any trademarks, tradenames, corporate names, company names, business names, trade styles, service marks, logos, other source or business identifiers, prints and labels on which any of the foregoing have appeared or appear, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof and any 

 

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applications in connection therewith, including, without limitation, registrations, recordings and applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any state or any other country (collectively, the "Marks"); (b) any reissues, extensions or renewals thereof; (c) the goodwill of the business symbolized by or associated with the Marks; (d) income, royalties, damages, claims and payments now and hereafter due and/or payable with respect to the Marks, including, without limitation, damages, claims and recoveries for past, present or future infringement; and (e) rights to sue for past, present and future infringements of the Marks.

"UCC" means the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; provided, however, in the event that, by reason of mandatory provisions of any Requirement of Law, any or all of the attachment, perfection or priority of the Collateral Agent's security interest in any collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term "UCC" shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions.

Capitalized terms not otherwise defined herein shall have the respective meanings given to those terms in the Credit Agreement and, in furtherance of the foregoing, all terms defined in the UCC shall have the respective meanings given to those terms in the UCC.  The rules of interpretation set forth in the Credit Agreement shall apply to this Security Agreement and are hereby incorporated mutatis mutandis.  References in this Security Agreement to "Sections" are to sections herein unless otherwise indicated. 

SECTION 2.  Grant of Security Interest.  As security for the Secured Obligations of such Grantor (and not of any other Grantor), and in order to induce the Collateral Agent, the Administrative Agent and the Lenders to make Revolving Loans available to the Company upon the terms and subject to the conditions of the Loan Documents, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and to all of such Grantor's right, title and interest in, to and under all property of such Grantor, including, without limitation, each of the following, whether now owned or hereafter acquired or in which such Grantor now holds or hereafter acquires any interest (all of which being hereinafter collectively called the "Collateral"):

(a) all Accounts;

(b) all Chattel Paper;

(c) (i) all Deposit Accounts and all cash, cash equivalents, financial assets, negotiable instruments (other than negotiable instruments evidencing intercompany indebtedness), and other evidences of payments, and other funds on deposit therein or credited thereto and (ii) all Securities Accounts (including any and all Investment Property held therein or credited thereto);

(d) all Inventory, Distributed and Licensed Content, and all Owned Library Content;

 

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(e) all Intellectual Property, including, without limitation, such Intellectual Property as described in Schedule VI;

(f) all Licenses;

(g) all Distribution Agreements and all other Contracts;

(h) all Documents, Instruments ("Pledged Instruments"), Investment Property and Commercial Tort Claims;

(i) all books and records, databases, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto, and any General Intangibles (including, without limitation, all Payment Intangibles)

(j) Supporting Obligations and Letter-of-Credit Rights;

(k) all Equipment;

(l) all Fixtures;

(m) all property of any Grantor held by any Secured Party, or any other party for whom any Secured Party is acting as agent hereunder, including, without limitation, all property of every description now or hereafter in the possession or custody of or in transit to any Secured Party or such other party for any purpose, including, without limitation, safekeeping, collection or pledge, for the account of any Grantor, or as to which any Grantor may have any right or power;

(n) all other goods and personal property of any Grantor, wherever located, whether tangible or intangible, and whether now owned or hereafter acquired, existing, leased or consigned by or to any Grantor;

(o) to the extent not otherwise included, all collateral and guarantees with respect to any of the foregoing, and all Proceeds (including proceeds of business insurance and other insurance and claims against third parties) and products of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of each of the foregoing.

Notwithstanding the foregoing, "Collateral" shall not include (w) any contract right or General Intangible (i) if after giving effect to the application of Sections 9-406 through 9-409 of the UCC, the creation of a lien and security in such contract right or General Intangible would constitute a material breach of the terms of such contract right or General Intangible, or would permit any party to any agreement, instrument or other document comprising such contract right or General Intangible, or the Company of any license, permit or authorization comprising such contract right or General Intangible, to terminate such agreement, instrument or other document or license, permit or authorization or (ii) that would otherwise violate any applicable Requirement of Law of any Governmental Authority pursuant to any effective term or provision of such agreement, instrument, document, license, permit or authorization, or (x) any Equity Interests or property of an Excluded Subsidiary.

 

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SECTION 3.  Rights of the Collateral Agent; Collection of Accounts.

(a) Notwithstanding anything contained in this Security Agreement to the contrary, each Grantor expressly agrees that such Grantor shall (i) not default under any of its Contracts beyond any applicable cure or grace period contained therein, (ii) observe and perform all the conditions and obligations to be observed and performed by it thereunder and (iii) perform all of its duties and obligations thereunder, all in accordance with and pursuant to the terms and provisions of each such Contract; provided, however, that such Grantor may suspend performance of its obligations under any such Contract in the event of a material breach of such Contract by a third party or if otherwise provided for in such Contract.  No Secured Party shall have any obligation or liability under any Contract by reason of or arising out of this Security Agreement or the granting to the Collateral Agent of a security interest therein or the receipt by any Secured Party of any payment relating to any Contract pursuant hereto, nor shall any Secured Party be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or pursuant to any Contract, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any Contract, or to present or file any claim, or to take any action to collect or enforce any performance or the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.

(b) Subject to the Intercreditor Agreement, the Collateral Agent hereby authorizes each Grantor to collect the Accounts of such Grantor, provided, that the Collateral Agent may, upon the occurrence and continuation of an Event of Default and upon notice to the relevant Grantor, limit or terminate said authority at any time.  If required by the Collateral Agent at any time from the occurrence and continuation of an Event of Default, any Proceeds, when first collected by such Grantor, received in payment of such Account or in payment for any of its Inventory or on account of any of its Contracts shall be applied in accordance with the terms of the Loan Documents (including the Blocked Account Control Agreement and the Lockbox Control Agreements), including prompt deposit by such Grantor in precisely the form received (with all necessary endorsements) and no commingling with such Grantor's other funds or properties.  Such Proceeds, when deposited, shall continue to be collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as hereinafter provided or in the Blocked Account Control Agreement and the Lockbox Control Agreements, as applicable. Without limiting any rights of the Secured Parties that may be set forth in the other Loan Documents, upon the occurrence and continuation of any Event of Default, the Collateral Agent or the Administrative Agent may, in its sole discretion, apply all or a part of the funds on deposit in the Cinedigm Lockbox Accounts, the Concentration Account and the Operating Account to the aggregate outstanding amount of the Revolving Loans If an Event of Default has occurred and is continuing, subject to the Intercreditor Agreement, at the request of the Collateral Agent, the Grantors shall deliver to the Collateral Agent all original and other documents evidencing, and relating to, the sale and delivery of such Inventory and the Grantors shall deliver all original and other documents evidencing and relating to, the performance of labor or service which created such Accounts, including all original orders, invoices and shipping receipts.

(c) The Collateral Agent may at any time, without notice to or the consent of any Grantor, upon the occurrence and during the continuation of any Event of Default, notify the Account Debtors of the Grantors, parties to the Contracts of the Grantors, obligors in 

 

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respect of Pledged Instruments of the Grantors and obligors in respect of Chattel Paper of the Grantors that the Accounts and the right, title and interest of the Grantors in and under such Contracts, Pledged Instruments, and Chattel Paper have been assigned to the Collateral Agent, and that payments shall be made directly to the Collateral Agent; and (ii) upon the request of the Collateral Agent and following the occurrence and during the continuation of an Event of Default, each Grantor shall so notify its Account Debtors, parties to such Contracts, obligors in respect of such Pledged Instruments and obligors in respect of such Chattel Paper.  Upon the occurrence and during the continuation of an Event of Default, the Collateral Agent may, in its name or in the name of others, communicate with such Account Debtors, parties to such Contracts, obligors in respect of such Pledged Instruments and obligors in respect of such Chattel Paper to verify with such parties, to the Collateral Agent's satisfaction, the existence, amount and terms of any such Accounts, Contracts, Pledged Instruments or Chattel Paper.

(d) The Collateral Agent is entering into this Agreement not in its individual capacity but strictly in its capacity as Collateral Agent under the Credit Agreement and in entering into this Agreement and acting hereunder, the Collateral Agent shall be entitled to all the rights, protections and immunities granted to the Collateral Agent under the Loan Documents.  The permissive authorizations, entitlements, powers and rights granted to the Collateral Agent herein shall not be construed as duties.  Any exercise of discretion on behalf of the Collateral Agent shall be exercised in accordance with the terms of the Credit Agreement.  Notwithstanding anything herein to the contrary, the Collateral Agent shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the perfection or maintenance of any security interest created hereunder.

SECTION 4.  Representations and Warranties.  Each Grantor hereby represents and warrants to the Secured Parties that:

(a) Such Grantor is the sole legal and equitable owner of each item of the Collateral in which it purports to grant a Lien hereunder, having good title or rights thereto free and clear of any and all Liens, except for Permitted Liens.

(b) No effective security agreement, financing statement, equivalent security or lien Pledged Instrument or continuation statement covering all or any part of the Collateral exists, except such as may have been filed by such Grantor in favor of the Collateral Agent pursuant to this Security Agreement or such as relate to other Permitted Liens.

(c) This Security Agreement creates a legal and valid security interest on and in all of the Collateral in which such Grantor now has rights, and, as of the date hereof, all filings and other actions requested by Secured Parties to perfect and protect such security interest have been duly taken.  Accordingly, the Collateral Agent has or will have a fully perfected first priority security interest in all of the Collateral in which such Grantor now has rights, subject only to Permitted Liens.  This Security Agreement will create a legal and valid and fully perfected first priority security interest in the Collateral in which such Grantor later acquires rights, when such Grantor acquires those rights, subject only to Permitted Liens.

(d) Such Grantor shall not use any Collateral or permit any Collateral to be used in violation of (i) any provision of any Loan Document or Secured Hedging Document, 

 

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(ii) any applicable Requirement of Law or Contract where such violation could reasonably be expected, either individually or in the aggregate, to result in a Material Adverse Effect, or (iii) any policy of insurance covering the Collateral where such violation could reasonably be expected, either individually or in the aggregate, to result in a Material Adverse Effect.

(e) As of the date hereof, each Grantor's exact legal name is set forth on Schedule V.  Each Grantor was formed under the laws of jurisdiction of its formation as set forth on Schedule V.  Each Grantor's chief executive office, principal place of business, and the place where each Grantor maintains records concerning the Collateral are set forth on Schedule V.  The Collateral, other than Deposit Accounts and Investment Property held in Securities Accounts, is presently located at the applicable locations set forth on Schedule V.

(f) As of the date hereof, all Collateral with respect to which a security interest may be perfected by the secured party's taking possession thereof, including all Chattel Paper and Pledged Instruments, is set forth on Schedule I.  Except to the extent not required hereby, and except for action by the Collateral Agent and giving of value, all action necessary to protect and perfect such security interest in each item set forth on Part I of Schedule I, has been duly taken, or shall have been taken.  As of the date hereof, all Collateral consisting of Letter-of-Credit Rights and Commercial Tort Claims of the Grantors are set forth on Schedule II.

(g) As of the date hereof, the names and addresses of all financial institutions at which the Grantors maintain their respective Deposit Accounts and the account numbers and account names of such Deposit Accounts are listed on Schedule III.  The Grantors shall supplement Schedule III from time to time within five (5) Business Days after the opening of any additional Deposit Account or the closing or change in the account number of or account name on any existing Deposit Account.

(h) The names and addresses of all institutions at which the Grantors maintain their respective Securities Accounts and the account numbers and account names of such Securities Accounts are listed on Schedule IV.  The Grantors shall supplement Schedule IV from time to time within five (5) Business Days after the opening of any additional Securities Account or closing or changing the account number of or account name on any existing Securities Account.

(i) Subject to the Intercreditor Agreement, no authorization, approval or other action by, and no notice to or filing with, any Governmental Authority or any other Person is required for the exercise by the Collateral Agent of the voting or other rights provided for in this Security Agreement, except in connection with a disposition of the Investment Property as may be required by any Requirement of Law affecting the offering and sale of securities generally.

(j) Except as set forth thereon, each Grantor has the sole, full and unencumbered right, title and interest in and to (i) each of the trade names described in Part 1 of Annex A to Schedule VI, (ii) each of the domain names described in Part 2 of Annex A to Schedule VI, (iii) each of the Trademarks, (v) each of the Copyrights, (vi) each of the Patents, (vii) each of the Licenses, and (viii) each of the software products described in Part 2 of Annex C to Schedule VI hereto, in each case subject to any Permitted Liens.  The registrations for all Trademarks and Patents are valid and enforceable and in full force and effect and none of the Trademarks or Patents 

 

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has been abandoned or dedicated.  According to the records of the Copyright Office, all Copyrights are valid and enforceable and in full force and effect.

(k) No Grantor owns any Patents, Trademarks or Copyrights registered in, or the subject of pending applications in, the Patent and Trademark Office or the Copyright Office, other than those described in Annexes A, B, and C to Schedule VI hereto.

(l) No claim is pending, or, to each Grantor's knowledge, has been threatened by any third party and remains unresolved (except for those that have been abandoned) that any of the Patents, Trademarks or Copyrights is invalid and unenforceable or violates or may violate the rights of any Person.

(m) Set forth in Annex D to Schedule VI hereto is a complete list of all Licenses.

(n) Set forth in Annex E to Schedule VI hereto is a complete list of all material exclusive Licenses which any Person has granted to each Grantor.

(o) Each Grantor has obtained from each employee who may be considered the inventor of patentable inventions (invented within the scope of such employee's employment with such Grantor) or Intellectual Property an assignment to such Grantor of all rights to such inventions, including Patents, Trademarks and Copyrights.

(p) Each Grantor has taken commercially reasonable steps to protect the secrecy and the validity under any applicable Requirement of Law of all material Trade Secrets.

Notwithstanding the foregoing, during the continuance of an Event of Default, the period of time for supplementing each schedule to this Security Agreement as described in this Section 4 shall be immediately after obtaining the relevant Collateral or opening, closing or modifying the applicable Deposit Account or Securities Account.

SECTION 5.  Covenants.  Each Grantor covenants and agrees that from and after the date of this Security Agreement and until the Secured Obligations have been indefeasibly paid in full in cash:

5.1 Further Assurances; Pledge of Pledged Instruments.  At any time and from time to time, upon the request of the Collateral Agent, and at the sole expense of a Grantor, such Grantor shall promptly and duly execute and deliver any and all such further Pledged Instruments and documents and take such further action as the Collateral Agent or Administrative Agent may deem necessary to obtain the full benefits of this Security Agreement and of the rights and powers herein granted, including:

(a) using its best efforts to secure all consents and approvals necessary or appropriate for the grant of a security interest to the Collateral Agent in any Contract or license held by such Grantor or in which such Grantor has any rights not heretofore assigned;

(b) authorizing the filing of any financing statements, amendments or continuation statements under the UCC with respect to the security interests granted hereby;

 

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(c) authorizing or executing all notices of security interest for each relevant type of intellectual property in forms suitable for filing with the Patent and Trademark Office or the Copyright Office, as applicable, substantially in the forms of Schedules VII and VIII hereto or other forms acceptable to the Collateral Agent;

(d) taking commercially reasonable steps in any proceeding before the Patent and Trademark Office, the Copyright Office or any similar office or agency in any other country or any political subdivision thereof, to diligently prosecute or maintain, as applicable, each application and registration of the Patents, Trademarks and Copyrights, including filing of renewals, affidavits of use, affidavits of incontestability and opposition, interference and cancellation proceedings (except to the extent that the failure to prosecute or maintain or the dedication, abandonment or invalidation thereof is permitted hereunder or could not reasonably be expected to have a Material Adverse Effect),

(e) filing, authorizing and cooperating with the Collateral Agent in the submission of any filing in any foreign jurisdiction or under any international treaty;

(f) transferring Collateral to the Collateral Agent's possession (if a security interest in such Collateral can be perfected and free from an adverse claim only by possession);

(g) filing financing statements as consignor pursuant to Sections 9‐505(a) and 9-324(b) of the UCC in such jurisdictions as such Grantor maintains Inventory on consignment;

(h) using its commercially reasonable efforts to obtain written acknowledgements from any consignees, warehouses or bailees of any prior Lien of the Collateral Agent in and to the Collateral and that such third party is holding possession of the Collateral for the benefit of the Collateral Agent; and

(i) using its commercially reasonable efforts to assist the Collateral Agent in obtaining control under the UCC with respect to any Collateral consisting of Deposit Accounts, Securities Accounts, Investment Property, Letter-of-Credit Rights, Electronic Chattel Paper, and any Deposit Account or Securities Account except those with a balance that is less than and is not expected at any time to exceed $50,000.

Each Grantor also hereby authorizes, but does not require, the Collateral Agent, to the extent not prohibited by any applicable Requirement of Law, to file any such financing statement, amendment or continuation statement (including consignment filings) without the signatures of such Grantor.  If any amount payable under or in connection with any of the Collateral is or shall become evidenced by any Pledged Instrument, such Pledged Instrument, other than checks and notes received in the ordinary course of a Grantor's business, shall, subject to the Intercreditor Agreement, be duly endorsed in a manner satisfactory to the Collateral Agent and delivered to the Collateral Agent promptly upon any such Grantor's receipt thereof.

5.2 Maintenance of Records.  Each Grantor shall keep and maintain, at its own cost and expense, satisfactory and complete records of the Collateral, including a record of all payments received and all credits granted with respect to the Collateral and all other dealings with 

 

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the Collateral (including to the extent possible if the Collateral Agent is exercising remedies hereunder).  If requested by the Collateral Agent, each Grantor shall mark its books and records pertaining to the Collateral to evidence this Security Agreement and the security interests granted hereby.  If requested by the Collateral Agent, all Chattel Paper in excess of $100,000 at any one time shall be marked with the following legend:  "This writing and the obligations evidenced or secured hereby are subject to the security interest of CIT Bank, N.A., as Collateral Agent, created by that certain Second Amended and Restated Security Agreement dated as of July 14, 2016, as the same may thereafter from time to time be amended, modified, supplemented or restated."

5.3 Indemnification.

(a) In any suit, proceeding or action brought by or against any Secured Party or any of its directors, officers, employees, agents or Affiliates ("Indemnitees") relating to (a) any Collateral, including, without limitation, any Account, Chattel Paper, Contract, General Intangible, Pledged Instrument or Document for any sum owing thereunder, or to enforce any provision of any Account, Chattel Paper, Contract, General Intangible, Pledged Instrument or Document that constitutes Collateral and (b) any and all excise, sales or other similar taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated by the Loan Documents or the Secured Hedging Documents, including any penalties, claims or other losses resulting from any delay in paying such excise, sales or other similar taxes, each Grantor shall jointly and severally hold, indemnify and keep the Indemnitees harmless from and against all claim, suit, loss, damage or expense (including reasonable attorneys' fees and expenses) suffered by reason of any defense, setoff, counterclaim, recoupment or reduction of liability whatsoever of the obligor thereunder arising out of a breach by any Grantor of any obligation thereunder, except to the extent determined by a final non-appealable judgment of a court of competent jurisdiction to have been caused by the gross negligence or willful misconduct of the Indemnitees, and all such obligations of the Grantors shall be and remain enforceable against and only against the Grantors and shall not be enforceable against the Indemnitees except to the extent caused by the gross negligence or willful misconduct of the Indemnitees. This indemnification shall survive the termination of this agreement, and shall be in addition to any other rights to indemnification that any Indemnitee may have under any Loan Document or related agreements.

(b) In addition, each Grantor assumes all responsibility and liability arising from the use of the Patents, Trademarks and Copyrights (it being understood that such Grantor may have maintained insurance in such respect), and each Grantor hereby jointly and severally indemnifies and holds each Indemnitee harmless from and against any claim, suit, loss, damage or expense (including reasonable attorneys' fees and expenses) arising out of or in connection with any alleged infringement of any patent, trademark, service mark, trade name, trade secret or copyright of a third party or alleged defect in any product manufactured, promoted or sold by the Grantors (or any Affiliate of the Grantors) in connection with any Patent, Trademark or Copyright or out of the manufacture, promotion, labeling, sale or advertisement of any product or service by the Grantors (or any Affiliate of the Grantors).  Each Grantor agrees that the Secured Parties do not assume, and shall have no responsibility for, the payment of any sums due or to become due under any agreement or Contract included in the Collateral or the performance of any obligations to be performed under or with respect to any such agreement or Contract by the Grantors, and each Grantor hereby jointly and severally agrees to indemnify and hold each 

 

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Indemnitee harmless with respect to any and all claims by any Person relating thereto, except those caused by the gross negligence or willful misconduct of an Indemnitee as determined by a final non-appealable judgment of a court of competent jurisdiction.

5.4 Limitation on Liens on Collateral.  No Grantor shall create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except Permitted Liens.  Each Grantor shall, jointly and severally, further defend the right, title and interest of any Secured Party in and to any of such Grantor's rights under the Collateral, including, without limitation, all Chattel Paper, Contracts, Documents, General Intangibles, Pledged Instruments and Investment Property, and to the Inventory, and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

5.5 Limitations on Modifications of Accounts, Etc.  Upon the occurrence and during the continuation of any Event of Default, no Grantor shall, without the Collateral Agent's prior consent, grant any extension of the time of payment of any of the Accounts, Chattel Paper, Pledged Instruments or amounts due or to become due under any Contract or Document, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof, or allow any credit or discount whatsoever thereon other than (a) trade discounts and rebates granted in the ordinary course of such Grantor's business and (b) such other credits or discounts not exceeding an aggregate stated amount of $50,000.

5.6 Maintenance of Insurance.  Each Grantor shall maintain, with financially sound and reputable companies, the insurance policies with coverage provisions as required by Section 6.13 of the Credit Agreement.

5.7 Taxes, Assessments, Etc.  Each Grantor shall pay promptly when due all property and other taxes, assessments and government charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent the validity thereof is being contested in good faith and adequate reserves are being maintained in connection therewith.

5.8 Limitations on Disposition.  No Grantor shall sell, lease, license outside the ordinary course of its business, transfer or otherwise dispose of any of the Collateral, or attempt or Contract to do so, except as permitted by Section 7.4 of the Credit Agreement.

5.9 Further Identification of Collateral.  Each Grantor shall, if so requested by the Collateral Agent, furnish to the Collateral Agent upon reasonable request, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Collateral Agent may reasonably request, all in reasonable detail.

5.10 Notices.  Each Grantor shall advise the Collateral Agent promptly, in form and substance reasonably satisfactory to the Collateral Agent, of (a) any material Lien, other than Permitted Liens and Liens granted by the Second Lien Security Agreement, attaching to or asserted against any of the Collateral, (b) any material change in the composition of the Collateral or (c) the occurrence of any other event which could reasonably be expected to have or result in a Material 

 

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Adverse Effect with respect to the Collateral or on the security interest created hereunder, taken as whole.

5.11 Right of Inspection and Audit. Each Grantor shall permit the Collateral Agent such rights of inspection and audit as provided in the Credit Agreement.

5.12 Maintenance of Facilities.  No Grantor shall remove or cause to be removed, except in the ordinary course of such Grantor's business, the Collateral or the records concerning the Collateral from those premises or from the locations shown on Schedule V without five (5) Business Days prior written notice to the Collateral Agent.

5.13 Continuous Perfection.  No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Collateral Agent at least 30 days' prior notice thereof and shall have authorized or taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or requested by the Collateral Agent to amend such financing statement or continuation statement so that it is not seriously misleading.

5.14 Authorizations with Respect to Financing Statements, etc.  Each Grantor hereby irrevocably authorizes, but does not require, the Collateral Agent (or its designees) at any time and from time to time to file in any filing office in any UCC jurisdiction any initial financing statements and amendments thereto that (a) indicate the Collateral (i) as "all assets" of a Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC of such jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail, and (b) contain any other information required by Part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including (i) whether such Grantor is an organization, the type of organization and any organization identification number issued to such Grantor, and (ii) in the case of a financing statement filed as a fixture filing or indicating any Collateral as as-extracted collateral or timber to be cut, a sufficient description of the real property to which such Collateral relates.  Each Grantor agrees to furnish any such information to the Collateral Agent promptly upon request.  Each Grantor also ratifies its authorization for the Collateral Agent to have filed in any UCC jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof.

5.15 No Reincorporation.  No Grantor shall reincorporate or reorganize itself under any jurisdiction other than the jurisdiction in which it is incorporated or organized as of the date hereof.

5.16 Terminations and Amendments Not Authorized.  Each Grantor acknowledges that it is not authorized to file any amendment or termination statement with respect to any financing statement relating to any security interest granted hereunder without the prior consent of the Collateral Agent and agrees that it will not do so without the prior consent of the Collateral Agent, subject to such Grantor's rights under Section 9-509(d)(2) of the UCC.

5.17 Takings, Eminent Domain, Condemnation, Insurance Proceeds, etc.  Each Grantor hereby assigns to the Collateral Agent, (a) all awards for damages suffered or compensation paid by reason of a taking for public use of, or an action in eminent domain affecting 

 

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all or any part of, the Collateral or any interest therein, and (b) all proceeds of any insurance policies paid by reason of loss sustained to the Collateral or any part thereof ("Condemnation and Insurance Proceeds").

5.18 Compliance With Terms of Accounts, Etc.  In all material respects, each Grantor shall promptly perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Pledged Instruments and licenses and all other agreements to which it is a party or by which it is bound; provided, however, that such Grantor may suspend its performance thereunder in the event of a bona fide dispute or material breach of any such obligations by third parties, or pursuant to any other term of such agreements that allow such Grantor to suspend performance.

5.19 Additional Intellectual Property Covenants.

(a) Except with regards to Trademarks that a Grantor may determine in its business judgment are appropriate for abandonment, each Grantor (either directly or through licensees) will continue to use the Trademarks in connection with each and every trademark class of goods or services applicable to its current line of products or services as reflected in its current catalogs, brochures, price lists or similar materials in order to maintain the Trademarks in full force and effect free from any claim of abandonment for nonuse, and such Grantor will not (and will not permit any licensee thereof to) do any act or omit to do any act whereby any Trademark may become invalidated.  Except with regard to Patents or Patent Registrations that a Grantor may determine in its business judgment are appropriate for abandonment or dedication, each Grantor will not do any act, or knowingly omit to do any act, whereby the Patents or Patent Registrations may become abandoned or dedicated or the remedies available against potential infringers weakened if such action or omission could have a Material Adverse Effect and shall notify the Collateral Agent promptly, but in any event within five (5) Business Days, if it knows of any reason that any such Patent Registration may become abandoned or dedicated.  Except with regard to Copyrights that a Grantor may determine in its business judgment are appropriate for abandonment or dedication, each Grantor will not do any act or omit to do any act, whereby the Copyrights may become abandoned or dedicated or the remedies available against potential infringers weakened if such action or omission could have a Material Adverse Effect, and shall notify the Collateral Agent promptly, but in any event within five (5) Business Days if it knows of any reason that any such Copyright may become abandoned or dedicated.

(b) Each Grantor will notify, on a quarterly basis, the Collateral Agent, either by such Grantor or through any agent, employee, licensee or designee, of (i) an application filed by a Grantor or through any agent, employee, licensee or designee, for the registration of any material Patent, Trademark or Copyright with the Patent and Trademark Office or the Copyright Office or any similar office or agency in any other country or any political subdivision thereof, (ii) any assignment of any material Patent or Trademark, which such Grantor may acquire from a third party, with the Patent and Trademark Office or any similar office or agency in any other country or any political subdivision thereof, or (iii) any assignment of any material Copyright, which such Grantor may acquire from a third party, with the Copyright Office or any similar office or agency in any other country or any political subdivision thereof.

 

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(c) Each Grantor shall maintain with each employee who may have access to the Trade Secrets of the Grantors an agreement by which such employee agrees not to disclose such Trade Secrets and with each employee who may be the inventor of patentable inventions (invented within the scope of such employee's employment) an invention assignment agreement requiring such employee to assign all rights to such inventions, including, patents and patent applications, to such Grantor and further requiring such employee to cooperate fully with such Grantor, its successors in interest, including the Collateral Agent, and their counsel, in the prosecution of any patent application or in any litigation involving the invention, whether such cooperation is required during such employee's employment with such Grantor or after the termination of such employment.

(d) Each Grantor shall promptly (i) apply to the Patent and Trademark Office to register any unpatented but patentable inventions developed by such Grantor or its employees (within the scope of their employment), unless such Grantor, in the exercise of its business judgment, deems any such Patent not to have any significant commercial value to it or determines that its rights thereunder are better preserved as a Trade Secret, (ii) apply to the Patent and Trademark Office to register any registerable but unregistered Trademarks used by such Grantor in connection with its products or services unless such Grantor, in the exercise of its business judgment, deems any such Trademark not to have any significant commercial value, and (iii) make application to the Copyright Office to register any unregistered Copyright to which such Grantor has rights unless such Grantor, in the exercise of its business judgment, deems any such Copyright not to have any significant commercial value or determines that its rights thereunder are better protected as a Trade Secret.

SECTION 6.  The Collateral Agent's Appointment as Attorney-in-Fact.

(a) From and after the occurrence and during the continuance of an Event of Default, each Grantor hereby irrevocably constitutes and appoints the Collateral Agent, and any officer or agent thereof, with full power of substitution, as its true and lawful attorney‐in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, from time to time at the Collateral Agent's discretion, for the purpose of carrying out the terms of this Security Agreement, to take any and all appropriate action and to execute and deliver any and all documents and Pledged Instruments which may be necessary or desirable to accomplish the purposes of this Security Agreement and, without limiting the generality of the foregoing, hereby gives the Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do the following:

(i) ask, demand, collect, receive and give acquittances and receipts for any and all monies due or to become due under any Collateral and, in the name of such Grantor, in its own name or otherwise to take possession of, endorse and collect any checks, drafts, notes, acceptances or other Pledged Instruments for the payment of monies due under any Collateral and to file any claim or to take or commence any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such monies due under any Collateral whenever payable for application in accordance with Section 7(g) as appropriate;

 

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(ii) pay or discharge any Liens, including any tax Lien, levied or placed on or threatened against the Collateral, to effect any repairs or any insurance called for by the terms of this Security Agreement and to pay all or any part of the premiums therefor and the costs thereof, which actions shall be for the benefit of the Collateral Agent and the Lenders and not such Grantor; and

(iii) (A) direct any Person liable for any payment under or in respect of any of the Collateral to make payment of any and all monies due or to become due thereunder directly to the Collateral Agent or as the Collateral Agent shall direct, (B) receive payment of any and all monies, claims and other amounts due or to become due at any time arising out of or in respect of any Collateral, (C) sign and endorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with Accounts and other Pledged Instruments and Documents constituting or relating to the Collateral, (D) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any part thereof and to enforce any other right in respect of any Collateral, (E) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral, (F) settle, compromise or adjust any suit, action or proceeding described above and, in connection therewith, give such discharges or releases as the Collateral Agent may deem appropriate, (G) sell, transfer, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes, and to do, at the Collateral Agent's option and such Grantor's expense, at any time, or from time to time, all acts and things which the Collateral Agent may deem necessary to protect, preserve or realize upon the Collateral and the Collateral Agent's security interest therein in order to effect the intent of this Security Agreement, all as fully and effectively as such Grantor might do.

(b) Each Grantor hereby authorizes and ratifies, to the extent not prohibited by any applicable Requirement of Law, all acts that the Collateral Agent as said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.  The power of attorney granted pursuant to this Section 6 is a power coupled with an interest and shall be irrevocable until the Secured Obligations are completely and indefeasibly paid in full in cash.

(c) The powers conferred on the Secured Parties hereunder are solely to protect the Secured Parties' interests in the Collateral and shall not impose any duty upon any Secured Party to exercise any such powers.  The Collateral Agent shall have no duty as to any Collateral, including any responsibility for (i) taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral or (ii) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Investment Property, whether or not the Collateral Agent has or is deemed to have knowledge of such matters.  Without limiting the generality of the preceding sentence, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral if it takes such action for that purpose as any Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default.  Failure of the Collateral Agent to comply with any such requests at any time shall not in itself be deemed a failure to exercise reasonable care.  The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers and neither it nor any of its officers, directors, employees, agents or representatives shall be responsible to a Grantor for any 

 

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act or failure to act, except for its own gross negligence or willful misconduct as determined by a final, non-appealable judgment of a court of competent jurisdiction.

(d) Each Grantor also authorizes the Collateral Agent, at any time and from time to time upon the occurrence and during the continuation of any Event of Default, to (i) communicate in its own name with any party to any Contract with regard to the assignment of the right, title and interest of such Grantor in and under the Contracts hereunder and other matters relating thereto and (ii) execute, in connection with the sale of Collateral provided for in Section 7 below, any endorsements, assignments or other Pledged Instruments of conveyance or transfer with respect to the Collateral.

SECTION 7.  Rights and Remedies Upon Default.

(a) If any Event of Default shall occur and be continuing, the Collateral Agent may exercise, in addition to all other rights and remedies granted to it under this Security Agreement, any other Loan Documents and under any other Pledged Instrument or agreement securing, evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under any applicable Requirement of Law, including the UCC.  Without limiting the generality of the foregoing, each Grantor expressly agrees that, during the continuance of an Event of Default, the Collateral Agent, without demand of performance or other demand, advertisement or notice of any kind (except the notice specified below of time and place of public or private sale) to or upon such Grantor or any other Person (all and each of which demands, advertisements and notices are hereby expressly waived to the maximum extent not prohibited by the UCC and other any applicable Requirement of Law), shall have the right to collect the Proceeds from all Collateral (including dividends on pledged Collateral) and may:

(i) reclaim, take possession, recover, store, maintain, finish, repair, prepare for sale or lease, ship, advertise for sale or lease and sell or lease (in the manner provided for herein) the Collateral,

(ii) upon five (5) Business Days' prior notice to the Grantors, license any of the Patents, Trademarks or Copyrights, throughout the world for such term or terms, on such conditions, and in such manner, as the Collateral Agent shall in its sole discretion determine, whether general, special or otherwise, and on an exclusive or nonexclusive basis,

(iii) enforce (and, upon notice to the Grantors, shall have the exclusive right to enforce) against any licensee or sublicensee all rights and remedies of the Grantors in, to and under any one or more license agreements with respect to the Collateral (without assuming any obligations or liability thereunder), and take or refrain from taking any action under any thereof,

(iv) forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and may forthwith sell, lease, assign, give an option or options to purchase or sell or otherwise dispose of and deliver said Collateral (or Contract to do so), or any part thereof, in one or more parcels at public or private sale or sales, at any exchange or broker's board or at any of the Administrative Agent's or Collateral Agent's offices or elsewhere at such 

 

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prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk, and

(v) exercise (A) all voting, consent, corporate and other rights pertaining to the pledged Collateral at any meeting of shareholders, partners or members, as the case may be, of the relevant Grantor of pledged Collateral or otherwise and (B) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to the pledged Collateral as if it were the absolute owner thereof (including the right to exchange at its discretion any and all of the pledged Collateral upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the corporate or other structure of any issuer of pledged Collateral, the right to deposit and deliver any and all of the pledged Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Collateral Agent may determine), all without liability except to account for property actually received by it, but the Collateral Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing.

(b) Each Grantor authorizes the Collateral Agent, on the terms set forth in this Section 7, to (i) enter the premises where the Collateral is located, (ii) take possession of the Collateral, or any part of it, and (iii) pay, purchase, contest or compromise any Lien which, in the opinion of the Collateral Agent, appears to be prior or superior to its security interest.  The Collateral Agent shall have the right upon any public sale or sales, and, to the extent not prohibited by applicable any Requirement of Law, upon any such private sale or sales, to purchase the whole or any part of said Collateral so sold, free of any right or equity of redemption, which equity of redemption such Grantor hereby releases.  The Collateral Agent may sell the Collateral without giving any warranties as to the Collateral and may specifically disclaim any warranties of title, which procedures shall not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.  Each Grantor further agrees, at the Collateral Agent's request, to assemble the Collateral and make it available to the Collateral Agent at places which the Collateral Agent shall reasonably select, whether at such Grantor's premises or elsewhere.  The Collateral Agent shall apply the net proceeds of any such collection, recovery, receipt, appropriation, realization or sale as provided in Section 7(g), below.  To the maximum extent not prohibited by any applicable Requirement of Law, each Grantor waives all claims, damages, and demands against the Collateral Agent arising out of the repossession, retention or sale of the Collateral except such as arise out of the gross negligence or willful misconduct of the Collateral Agent as determined by a final, non-appealable judgment of a court of competent jurisdiction.  Each Grantor agrees that the Collateral Agent need not give more than ten (10) days' prior notice (which notification shall be deemed given in accordance with the Credit Agreement) of the time and place of any public sale or of the time after which a private sale may take place and that such notice is reasonable notification of such matters.

(c) As to any Collateral constituting certificated securities or uncertificated securities, if, at any time when the Collateral Agent shall determine to exercise its right to sell the whole or any part of such Collateral hereunder, such Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under Securities Act of 1933 (the "Act"), the Collateral Agent may, in its discretion (subject only to applicable requirements of any applicable Requirement of Law), sell such Collateral or part thereof by private

 

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sale in such manner and under such circumstances as the Collateral Agent may deem necessary or advisable, but subject to the other requirements of this Section 7(c), and shall not be required to effect such registration or cause the same to be effected.  Without limiting the generality of the foregoing, in any such event the Collateral Agent may, in its sole discretion, (i) in accordance with applicable securities laws, proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof could be or shall have been filed under the Act, (ii) approach and negotiate with a single possible purchaser to effect such sale, and (iii) restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Collateral or part thereof. In addition to a private sale as provided above in this Section 7(c), if any of such Collateral shall not be freely distributable to the public without registration under the Act at the time of any proposed sale hereunder, then the Collateral Agent shall not be required to effect such registration or cause the same to be effected but may, in its sole discretion (subject only to any Requirement of Law), require that any sale hereunder (including a sale at auction) be conducted subject to such restrictions as the Collateral Agent may, in its sole discretion, deem necessary or appropriate in order that such sale (notwithstanding any failure so to register) may be effected in compliance with the Bankruptcy Code and other Requirement of Law affecting the enforcement of creditors' rights and the Act and all applicable state securities laws.

(d) Each Grantor agrees that in any sale of any of such Collateral, whether at a foreclosure sale or otherwise, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as it may be advised by counsel is necessary in order to avoid any violation of any applicable Requirement of Law (including compliance with such procedures as may restrict the number of prospective bidders and purchasers, require that such prospective bidders and purchasers have certain qualifications and restrict such prospective bidders and purchasers to Persons who will represent and agree that they are purchasing for their own account for investment and not with a view to the dividend or resale of such Collateral), or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority, and such Grantor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable nor accountable to Grantor for any discount allowed by the reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

(e) Each Grantor also agrees to pay all fees, costs and expenses of the Collateral Agent, including attorneys' fees and costs, incurred in connection with the enforcement of any of its rights and remedies hereunder.

(f) Each Grantor hereby waives presentment, protest or any notice or demand not provided for herein (to the maximum extent not prohibited by any applicable Requirement of Law) of any kind in connection with this Security Agreement or any Collateral.

(g) The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be, subject to the terms of the Intercreditor Agreement, distributed by the Collateral Agent or the Administrative Agent in the order of priority set forth in Section 2.13 of the Credit Agreement.

 

22

 

SECTION 8.  Limitation on the Collateral Agent's Duty in Respect of Collateral.  The Collateral Agent shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it complies with the obligations of a secured party under Section 9-207 of the UCC.

SECTION 9.  Reinstatement.  This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against a Grantor for liquidation or reorganization, should such Grantor become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of such Grantor's Property, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to any applicable Requirement of Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made.  In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

SECTION 10.  Miscellaneous.

10.1 Notices.  Except as otherwise specified herein, all notices, requests, demands, consents, instructions or other communications to or upon such Grantor or the Collateral Agent under this Security Agreement shall be given as provided in Section 10.11 of the Credit Agreement.

10.2 Partial Invalidity.  Any provision of this Security Agreement being held illegal, invalid or unenforceable in any jurisdiction shall not affect any part of such provision not held illegal, invalid or unenforceable, any other provision of this Security Agreement or any part of such provision in any other jurisdiction.

10.3 Headings.  The section headings and captions appearing in this Security Agreement are included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Security Agreement.

10.4 No Waiver; Cumulative Remedies.

(a) Neither the Administrative Agent nor the Collateral Agent shall by any act, delay, omission or otherwise be deemed to have waived any of its rights or remedies under this Security Agreement or any other Loan Document, nor shall any single or partial exercise of any right or remedy hereunder or thereunder on any one or more occasions preclude the further exercise thereof or the exercise of any other right or remedy under any Loan Document.

(b) The rights and remedies provided hereunder or provided under any other Loan Document or any Secured Hedging Document are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights and remedies provided by law or by any Loan Document or Secured Hedging Document.

 

23

 

10.5 Termination of this Security Agreement.  Subject to Section 9, this Security Agreement shall terminate upon the indefeasible payment in full in cash of the Secured Obligations and the termination of the Revolving Commitments.

10.6 Successors and Assigns.  This Security Agreement and all obligations of the Grantors hereunder shall be binding upon the successors and assigns of the Grantors, and shall, together with the rights and remedies of the Secured Parties, inure to the benefit of the Secured Parties and their respective successors and permitted assigns.  The Grantors may not assign, delegate or transfer their rights or obligations under this Security Agreement without the prior consent of the Collateral Agent.  Any purported assignment or transfer in contravention of the foregoing shall be null and void.  No sales of participations, other than sales, assignments, transfers or other dispositions of any agreement governing or Pledged Instrument evidencing the Secured Obligations or any portion thereof or interest therein shall in any manner affect the security interest created herein and granted to the Collateral Agent on behalf of the Secured Parties hereunder.

10.7 Amendments, Etc.  Subject to the Intercreditor Agreement and Section 10.1 of the Credit Agreement, no amendment, modification, supplement, extension, termination or waiver of any provision of this Security Agreement applicable to any Grantors and no approval or consent thereunder applicable to any Grantors may in any event be effective unless signed by each Grantor and the Collateral Agent with the written approval or upon the instructions of the required number of the Lenders or the relevant affected Secured Hedging Counterparty, as applicable, and then only in the specific instance and for the specific purpose given and any such amendment, modification, supplement, extension, termination, waiver, approval or consent shall be binding upon the Collateral Agent, each holder of the Secured Obligations and the Grantors.

10.8 Entire Agreement.  The Security Agreement constitutes the entire agreement of the parties and supersede all prior agreements and understandings relating to the subject matter hereof.

10.9 Governing Law.  This Security Agreement shall be governed by, construed and enforced in accordance with, the internal law of the State of New York, except that matters concerning the validity and perfection of a security interest shall be governed by the UCC.

10.10 Counterparts.  This Security Agreement may be executed in any number of identical counterparts, any set of which signed by all the parties hereto shall be deemed to constitute a complete, executed original for all purposes.

10.11 Payments Free of Taxes, Etc.  All payments made by the Grantors under this Security Agreement shall be made by the Grantors in accordance with Section 2.18 of the Credit Agreement.

10.12 The Grantors' Continuing Liability.  Notwithstanding any provision of this Security Agreement, any other Loan Document, any Secured Hedging Document or any exercise by the Collateral Agent or the Administrative Agent of any of its rights hereunder or thereunder (including any right to collect or enforce any Collateral), (a) each Grantor shall remain liable to perform its obligations and duties in connection with the Collateral and (b) the Collateral Agent, the Administrative Agent and any Lender shall not assume or be considered to have assumed any 

 

24

 

liability to perform such obligations and duties or to enforce any of the Grantors' rights in connection with the Collateral.

10.13 Additional Grantors.  If, pursuant to the terms and conditions of the Credit Agreement or any other Loan Document, the Company shall be required to cause any Subsidiary of the Company that is not a Grantor to become a Grantor hereunder, such Subsidiary shall execute and deliver to the Collateral Agent a Joinder Agreement in the form of Annex 1 and shall thereafter for all purposes be a party hereto and have the same rights, benefits and obligations as a Grantor party hereto on the date hereof and shall be deemed to have assigned, conveyed, mortgaged, pledged, granted, hypothecated and transferred to the Collateral Agent for itself and for the pro rata benefit of the Secured Parties the security interest described in such Joinder Agreement and Section 2 hereof.

10.14 Additional Provisions.  The Company hereby acknowledges and agrees that the jury trial waiver, consent to jurisdiction and other provisions in Sections 10.14 and 10.15 of the Credit Agreement apply to this Security Agreement as to the Company and are incorporated herein as though set forth in full. Each Subsidiary Grantor hereby acknowledges and agrees that the jury trial waiver, consent to jurisdiction and other provisions in Sections 21 and 22 of the Guaranty Agreement apply to this Security Agreement as to each Subsidiary Grantor and are incorporated herein as though set forth in full.

10.15 Subject to Intercreditor Agreement.  Notwithstanding anything herein to the contrary, (i) the Liens and security interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Security Agreement and (ii) the exercise of any right or remedy by the Collateral Agent hereunder or the application of proceeds (including insurance proceeds and condemnation proceeds) of any Collateral are subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Security Agreement, the terms of the Intercreditor Agreement shall govern.

10.16 Amendment and Restatement. This Security Agreement shall amend, and restate as amended, the Existing Security Agreement, but shall not constitute a novation thereof or in any way impair or otherwise affect the rights or obligations of the parties thereunder (including with respect to representations and warranties made thereunder) except as such rights or obligations are amended or modified hereby. The Existing Security Agreement as amended and restated hereby shall be deemed to be a continuing agreement among the parties, and all documents, instruments and agreements delivered pursuant to or in connection with the Existing Security Agreement not amended and restated in connection with the entry of the parties into this Security Agreement shall remain in full force and effect, each in accordance with its terms, as of the date of delivery or such other date as contemplated by such document, instrument or agreement to the same extent as if the modifications to the Existing Security Agreement contained herein were set forth in an amendment to the Existing Security Agreement in a customary form, unless such document, instrument or agreement has otherwise been terminated or has expired in accordance with or pursuant to the terms of the Credit Agreement,  this Security Agreement or the Existing Security Agreement or such document, instrument or agreement or as otherwise agreed by the required parties hereto or thereto.

 

25

 

10.17 Affirmation. Each Grantor hereby reaffirms, as of the date hereof, (i) the covenants and agreements made by such Grantor contained in each Loan Document to which it is a party and (ii) its continuing pledges and other grants of Liens in the Collateral (after giving effect to this amendment and restatement) in respect of the Obligations pursuant to any Security Document to which it is a party, in each case, as such covenants, agreements and other provisions may be modified, supplemented or amended on the date hereof. Each Grantor further confirms that each Loan Document to which it is a party is and shall continue to be in full force and effect and the same are hereby ratified and confirmed in all respects, except that on and after the date hereof, all references in such Loan Documents to the "Credit Agreement", the "Security Agreement", the "Loan Documents", "thereunder", "thereof", or words of similar import shall mean the Credit Agreement, the Security Agreement, and the other Loan Documents as amended or otherwise modified on the date hereof.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

26

 

IN WITNESS WHEREOF, the Grantors and the Collateral Agent have caused this Security Agreement to be executed as of the day and year first above written.

	 	
GRANTORS:

 

 

	 	
CINEDIGM CORP.

 

 

	 	
By:

	/s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	 	 

	 	
ADM CINEMA CORPORATION (D/B/A THE PAVILION THEATRE)

 

 

	 	
By:

	/s/ Gary S. Loffredo
	 	
Name:

	Gary S. Loffredo
	 	
Title:

	Secretary, General Counsel
	 	 	 

	 	
VISTACHIARA PRODUCTIONS, INC. (D/B/A THE BIGGER PICTURE)

 

 

	 	
By:

	/s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	 	 

	 	
VISTACHIARA ENTERTAINMENT, INC.

 

 

	 	
By:

	/s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	 	 

	 	
CINEDIGM ENTERTAINMENT CORP.

 

 

	 	
By:

	/s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 

[Signature Page to Second Amended and Restated Security Agreement]

	 	
CINEDIGM ENTERTAINMENT HOLDINGS, LLC

 

	 	
By:

	 /s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	
 

 

	 

	 	
CINEDIGM HOME ENTERTAINMENT, LLC

 

 

	 	
By:

	 /s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	
 

 

	 

	 	
DOCURAMA, LLC

 

 

	 	
By:

	 /s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	
 

 

	 

	 	
DOVE FAMILY CHAANNEL, LLC

 

 

	 	
By:

	 /s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	
 

 

	 

	 	
CINEDIGM OTT HOLDINGS, LLC

 

 

	 	
By:

	 /s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	
 

 

	 

	 	
CINEDIGM PRODUCTIONS, LLC

 

 

	 	
By:

	 /s/ Christopher J. McGurk
	 	
Name:

	Christopher J. McGurk
	 	
Title:

	Chief Executive Officer
	 	 	 

 

 

[Signature Page to Second Amended and Restated Security Agreement]

 

	 	

COLLATERAL AGENT:

CIT BANK, N.A.

	 	
By:

	 /s/ Andrew Giangrave
	 	
Name:

	Andrew Giangrave
	 	
Title:

	Managing Director
	 	
 

 

	 

	 

[Signature Page to Second Amended and Restated Security Agreement]

 

SCHEDULE I

COLLATERAL REQUIRING POSSESSION FOR PERFECTION

Stock Certificates for:

		·	ADM Cinema Corporation (1,000 shares of common stock)

		·	Vistachiara Productions Inc. (100 shares of common stock)

		·	Vistachiara Entertainment, Inc. (100 shares of common stock)

		·	Cinedigm Entertainment Corp. (100 shares of common stock)

 

 

  

SCHEDULE I

SCHEDULE II

LETTER-OF-CREDIT RIGHTS AND COMMERCIAL TORT CLAIMS

LETTER-OF-CREDIT RIGHTS

Citi Commercial Bank Standby Letter of Credit #61644656, beneficiary: 902 Associates (landlord of New York office), in the amount of $96,157.00

COMMERCIAL TORT CLAIMS

Cinedigm Entertainment Corp. received a judgment against Autobahn Entertainment, Inc. d/b/a Rapid Eye Studios and Mark Weber, joint and severally, in the amount of $656,650, pursuant to the Entry of Judgment in Cinedigm Entertainment Corp. v. Autobahn Entertainment, Inc., Case No. BC584992 (Cal. Sup. Ct. June 13, 2016).

 

 

 

  

SCHEDULE II

 

 

SCHEDULE III

DEPOSIT ACCOUNTS

 

	
Holder

	
Account Name

	
Bank Name

	
Address

	
Company Name

	
Acct Number

	
Routing Number

	
Relationship Mgr

	
Phone #

	
Cinedigm Corp.

	
Deposit Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
Cinedigm Entertainment Corp

	
 

	
1312011660

	
Julie Marquez

	
626-535-4878

	
Cinedigm Corp.

	
Deposit Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
Cinedigm Theatrical

	
 

	
1312011660

	
Julie Marquez

	
626-535-4878

	
Cinedigm Corp.

	
Deposit Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
Cinedigm Home Entertainment

	
 

	
1312011660

	
Julie Marquez

	
626-535-4878

	
Cinedigm Entertainment Corp.

	
Operating Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-4878

	
Cinedigm Corp.

	
Operating Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-4878

	
Cinedigm Corp.

	
Concentration Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-4878

	
Cinedigm OTT Holdings LLC

	
Operating Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

	
Dove Family Channel, LLC-OP

	
Operating Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

	
Dove Family Channel, LLC Lockbox

	
Deposit Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

	
Cinedigm Corp

	
Payroll Account

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

	
Docurama LLC

	
Operating Acct

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

	
Cinedigm Entertainment Payroll Account

	
Payroll Account

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

	
Cinedigm Corporation

	
Debt Service Reserve Account

	
CIT Bank, N.A.

	
888 E. Walnut St. Pasadena, CA 91101

	
 

	
 

	
1312011660

	
Julie Marquez

	
626-535-1519

 

 

 

SCHEDULE III 

 

 

	
Cinedigm Corp.

	
JPMorgan Chase CIDM

	
JPMorgan Chase

	
270 Park Avenue, New York, NY 10017

	
Cinedigm Digital Cinema Corp.

	
 

	
21000021

	
Jackie Barkley

	
646 582-7256

	
Cinedigm Corp.

	
JPMorgan Chase Indie Direct

	
JPMorgan Chase

	
270 Park Avenue, New York, NY 10017

	
Vistachiara Productions Inc. dba The Bigger Picture

	
 

	
21000021

	
Jackie Barkley

	
646 582-7256

	
Cinedigm Entertainment Corp.

	
Citibank CD for Standby LOC

	
Citibank

	
Citibank NA BR 24 79 5th Ave., NY, NY 10003

	
New Video Group, Inc.

	
 

	
21000089

	
Patricia Keyser

	
212-559-5645

  

 

 

 

2 

 

SCHEDULE IV

 

SECURITIES ACCOUNTS

None.

 

 

 

SCHEDULE IV 

 

 

 

SCHEDULE V

LEGAL NAME; JURISDICTION OF FORMATION; BOOKS AND RECORDS; LOCATION OF COLLATERAL

 

	
Legal Name

	
Jurisdiction of Formation

	
Books and Records

	
Location of Collateral

	
Cinedigm Corp.

	
Delaware Corporation

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
ADM Cinema Corporation d/b/a the Pavilion Theatre

	
Delaware Corporation

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Vistachiara Productions Inc., d/b/a The Bigger Picture

	
Delaware Corporation

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Vistachiara Entertainment, Inc.

	
Delaware Corporation

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Cinedigm Entertainment Corp.

	
New York Corporation

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Cinedigm Entertainment Holdings, LLC

	
Delaware Limited Liability Company

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Cinedigm Home Entertainment, LLC

	
Delaware Limited Liability Company

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Docurama, LLC

	
Delaware Limited Liability Company

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

 

 

 

SCHEDULE V 

 

 

 

	 Legal Name	 Jurisdiction of Formation	 Books and Records	 Location of Collateral
	
Dove Family Channel, LLC

	
Delaware Limited Liability Company

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Cinedigm OTT Holdings, LLC

	
Delaware Limited Liability Company

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

	
Cinedigm Productions, LLC

	
Delaware Limited Liability Company

	
Cinedigm Corp.

902 Broadway, 9th Floor

New York, NY 10010

 

	
902 Broadway, 9th Floor

New York, NY 10010

 

  

Additional Locations of Inventory for each Grantor:

	
Company name

	
Inventory

	
Location of Inventory

	
Cinedigm Corp.

	
None

	
n/a

 

	
Cinedigm Entertainment Corp.

	
DVDs

	
Technicolor Memphis-Holmes Rd  4155 Holmes Rd, Suite 1, Memphis, TN 38118

 

Technicolor Memphis-Speed  5140 Memphis Oaks Dr., Memphis, TN 38118

 

 

 

SCHEDULE V 

 

 

 

 

	
Company name

	
Inventory

	
Location of Inventory

	
 

	
 

	
Technicolor Memphis-Lamar, 5215 Lamar Avenue, Memphis, TN 38118

 

Technicolor Memphis-Southridge Universal Returns Center 4975 Southridge Dr, Memphis, TN 38141

 

Technicolor Memphis-Southridge 4185 Steel Rd, Memphis, TN 38127

	
Vistachiara Productions, Inc.

	
None

	
n/a

 

	
Vistachiara Entertainment, Inc.

	
None

	
n/a

 

	
ADM Cinema Corporation

	
None

	
n/a

 

	
Cinedigm Entertainment Holdings, LLC

	
DVDs

	
Technicolor Memphis-Holmes Rd  4155 Holmes Rd, Suite 1, Memphis, TN 38118

 

Technicolor Memphis-Speed  5140 Memphis Oaks Dr., Memphis, TN 38118

 

Technicolor Memphis-Lamar, 5215 Lamar Avenue, Memphis, TN 38118

 

Technicolor Memphis-Southridge Universal Returns Center 4975 Southridge Dr, Memphis, TN 38141

 

Technicolor Memphis-Southridge 4185 Steel Rd, Memphis, TN 38127

	
Cinedigm Home Entertainment, LLC

	
DVDs

	
Cinram Ditan -437 Sanford Road, La Vergne, TN 37086

 

 

 

 

SCHEDULE V 

 

SCHEDULE VI

PART 1 OF ANNEX A

TO SCHEDULE VI

TO SECURITY AGREEMENT

TRADE NAMES

		1.	Cinedigm Entertainment Group

 

  

SCHEDULE VI

 PART 2 OF ANNEX A

TO SCHEDULE VI

TO SECURITY AGREEMENT

REGISTERED DOMAIN NAMES

Cinedigm.com

Cinedigmscreeningroom.com

Docurama.com

Dovechannel.com

Newvideo.com

Hellandbackagain.com

Nightmovesmovie.com

Docuramachannel.com

Newkideo.com

Epaytv.new

Indiedirect.com

Epaytv.com

Cinedigmsoftware.com

Edge.cinedigm.com

Saas.cinedigm.com

Cinedigmentertainment.com

Thefallingmovie.com

Doveentertainment.tv

Dovechannel.net

Doveinstantstream.com

Dovemovie.tv

Dovemovienetwork.com

Dovemovies.tv

Brightkids.tv

Dovechannel.tv

Dovemoviechannel.tv

Doveondemand.com

Thedovenetwork.tv

Dovespotlight.tv

Doveentertainment.tv

Dovemoviesonline.com

Dovenetwork.tv

Thedovechannel.com

Watchdove.tv

Ondove.co

Getdovechannel.com

  

SCHEDULE VI

PART 3 OF ANNEX A

TO SCHEDULE VI

TO SECURITY AGREEMENT

TRADEMARKS AND TRADEMARK APPLICATIONS

United States Trademarks and Applications

	Mark/Name	 App. No./Reg. No.	 App. Date	 Reg. Date	 Owner/Designations	 Full Goods/Services	 Status/Status Date
	
C and Design

	
SN: 85923267

 

	
May 3, 2013

 

	 	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 38)

 audio, video and multimedia broadcasting via the internet and other communications networks; webcasting services; transmission of messages, data and content via the internet and other communications networks; providing online forums and chat rooms for the transmission of messages, comments and multimedia content among users in the field of general interest via the internet and other communications networks; transmission of electronic media, multimedia content, videos, movies, pictures, images, text, photos, user-generated content, audio content, and information via the internet and other communications networks; streaming of audiovisual and multimedia content via the internet; transmission and delivery of audiovisual and multimedia content via the internet; video-on-demand transmission services

	
Allowed - Intent to Use 5th Extension of Time Granted

 June 7, 2016

 

	
C and Design

	
SN: 85923230

 

	
May 3, 2013

 

	 	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 09)

 pre-recorded cds and dvds featuring drama, comedy, action and adventure movies and music; pre-recorded cinematographic film, video cassettes and video discs featuring entertainment in the nature of motion picture productions; computer software in the field of entertainment for the purpose of managing data content and movie files and to assist in the transmission and display of digital content

	
Allowed - Intent to Use 5th Extension of Time Granted

 May 27, 2016

 

	
C and Design

	
SN: 85923296

 

	
May 3, 2013

 

	 	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 42)

 providing managed technical services, namely, monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities; providing a website featuring non-downloadable software that enables a community of users to post, search, watch, share, critique, rate, and comment on, videos and other multimedia content via the internet and other communications networks; design and development of computer software

	
Allowed - Intent to Use 5th Extension of Time Granted

 June 7, 2016

 

 

 

 

SCHEDULE VI

 

	Mark/Name	 App. No/Reg. No.	 App. Date	 Reg. Date	 Owner/Designations	 Full Goods/Services	 Status/Status Date
	
C and Design

	
SN: 85923280

 

	
May 3, 2013

 

	 	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

	
(Int'l Class: 39)

 storage of electronic media, namely, images, text and audio data

	
Allowed - Intent to Use 5th Extension of Time Granted

 June 7, 2016

	
CINEDIGM and Design

	
RN: 3934877

 SN: 77626690

 

	
December 4, 2008

 

	
March 22, 2011

 

	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 39)

storage of electronic media, namely, images, text and audio data

(Int'l Class: 41)

entertainment services, namely, distribution of motion pictures, sporting events, television programming, television short segments featuring news and information about sports, cartoons, concerts, and plays by satellite, telephone lines, cable, fiber optics, and the internet; leasing of digital cinema projection systems

(Int'l Class: 42)

 providing managed technical services, namely, monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities

	
Registered

 March 22, 2011

 

	
CINEDIGM

	
RN: 3934870

 SN: 77618952

 

	
November 20, 2008

 

	
March 22, 2011

 

	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 39)

storage of electronic media, namely, images, text and audio data

(Int'l Class: 41)

entertainment services, namely, distribution of motion pictures, sporting events, television programming, television short segments featuring news and information about sports, cartoons, concerts, and plays, by satellite, telephone lines, cable, fiber optics, and internet; leasing of digital cinema projection systems

(Int'l Class: 42)

 providing managed technical services, namely, monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities

	
Registered

 March 22, 2011

 

 

 

SCHEDULE VI

 

	 Mark/Name	 App. No./Reg. No.	 App. Date	 Reg. Date	 Oner/Designations	 Full Goods/Services	 Status/Status Date
	
CINELIVE

	
RN: 3830073

 SN: 77617358

 

	
November 19, 2008

 

	
August 10, 2010

 

	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

	
(Int'l Class: 41)

 entertainment in the nature of presentation of live performances by a musical group, live sporting events, live show performances

 

	
Registered

 August 10, 2010

 

	
INDIEDIRECT

	
RN: 4220565

 SN: 85401202

 

	
August 18, 2011

 

	
October 9, 2012

 

	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

	
(Int'l Class: 35)

 providing management services in the field of film distribution

 

	
Registered

 October 9, 2012

 

	
TCC

	
RN: 4118439

 SN: 85393086

 

	
August 9, 2011

 

	
March 27, 2012

 

	
Cinedigm Corp.

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

	
(Int'l Class: 09)

 computer software in the field of entertainment for the purpose of managing data content and movie files and to assist in the transmission and display of movies

 

	
Registered

 March 27, 2012

 

	
C and Design

	
RN: 4867456

 SN: 85923259

 

	
May 3, 2013

 

	
December 8, 2015

 

	
Cinedigm Digital Cinema Corp.

(Delaware Corp.)

902 Broadway

New York

New York

 10010

	
(Int'l Class: 35)

 distributorships in the field of pre-recorded video cassettes and audio recordings and dvds; on-line ordering services featuring pre-recorded video cassettes and audio recordings and dvds

 

	
Registered

 December 8, 2015

 

	
C and Design

	
SN: 85923286

 

	
May 3, 2013

 

	 	
Cinedigm Digital Cinema Corp.

(Delaware Corp.)

902 Broadway

New York

New York

 10010

 

	
(Int'l Class: 41)

 entertainment services in the nature of providing information on current and future movie offerings via a global computer network; motion picture film production; movie studios; production of video discs for others; television show production; distribution of motion pictures, sporting event television programs, television programs, television short segments featuring news and information about sports, cartoons, concerts, and plays, by digital means including satellite, telephone lines, cable, fiber optics, and internet; leasing of digital cinema projection systems; entertainment and educational services, namely, providing temporary use of non-downloadable movies and television shows featuring documentary, comedy, science-fiction, animated, drama, romantic, independent film, foreign films via a video-on-demand service, and providing information, reviews, and recommendations regarding movies and television shows; providing a website featuring non-downloadable television shows, movies and multimedia presentations featuring documentary, comedy, science-fiction, animated, drama, romantic, independent film, foreign films; providing a website featuring entertainment information, reviews, and recommendations regarding television shows, movies, and multimedia content

	
Allowed - Intent to Use 3rd Extension of Time Granted

 December 4, 2015

 

 

 

 

SCHEDULE VI

 

 

 

	 Name/Name	 App. No./Reg. No.	 App. Date	Reg. Date	Owner/Designations	 Full Goods/Services	 Status/Status Date
	
DOCURAMA

	
RN: 4710761

 SN: 86227358

 

	
March 20, 2014

 

	
March 31, 2015

 

	
Cinedigm Entertainment Corp.

(New York Corp.)

902 Broadway, 9th Floor

New York

New York

 10010

 

	
(Int'l Class: 41)

 provision of non-downloadable films, shows and movies via a video-on-demand service, featuring, movies, television programs and clips in the fields of comedy, drama, action, variety, adventure, sports, musicals, current events and entertainment news, documentary and animation

	
Registered

 March 31, 2015

 

	
DOCURAMA

 

	
RN: 2723312

 SN: 76297101

 

	
August 7, 2001

 

	
June 10, 2003

 

	
Cinedigm Entertainment, Corp.

(New York Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 35)

 online retail stores and wholesale stores featuring videos and dvd's

	
Renewed

 June 10, 2013

 

	
DOCURAMA

	
RN: 3444021

 SN: 77188472

 

	
May 23, 2007

 

	
June 10, 2008

 

	
Cinedigm Entertainment, Corp.

(New York Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 41)

 rental of videos and dvd's; motion picture film production for theatrical distribution and publishing of videos and dvd's

 

	
Registered 8 & 15

 May 22, 2014

 

	
EVERYTHING ELSE IS PURE FICTION

 

	
RN: 2761077

 SN: 76405134

 

	
May 10, 2002

 

	
September 9, 2003

 

	
Cinedigm Entertainment, Corp.

(New York Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 35)

 computerized on-line ordering services featuring dvd's; wholesale ordering services featuring dvd's

 

	
Renewed

 September 9, 2013

 

	
FLATIRON FILM COMPANY

	
RN: 3932071

 SN: 77862410

 

	
November 2, 2009

 

	
March 15, 2011

 

	
Cinedigm Entertainment, Corp.

(New York Corp.)

902 Broadway

9th Floor

New York

New York

 10010

	
(Int'l Class: 41)

 motion picture film production; production of television programs

 

	
Registered

 March 15, 2011

 

	
NEW VIDEO

 

	
RN: 2733929

 SN: 76297100

 

	
August 7, 2001

 

	
July 8, 2003

 

	
Cinedigm Entertainment, Corp.

(New York Corp.)

902 Broadway

9th Floor

New York

New York

 10010

	
(Int'l Class: 35)

[online retail stores and wholesale stores featuring videos and dvds]

(Int'l Class: 41)

 rental of videos and dvds; motion picture film production for theatrical distribution; production and distribution of television programs via broadcast and cable networks; and publishing of videos and dvds

	
Renewed

 July 8, 2013

 

 

 

 

SCHEDULE VI

 

	 Mark/Name	 App. No./Reg. No.	 App. Date	 Reg. Date	 Owner/Designations	 Full Goods/Services	 Status/Status Date
	
GOODTIMES and Design

	
RN: 1871175

 SN: 74496167

 

	
March 3, 1994

 

	
January 3, 1995

 

	
Gaiam Americas, Inc.

(Colorado Corp.)

833 West South Boulder Road

Louisville

Colorado

 80027

	
(Int'l Class: 09)

 pre-recorded video cassettes featuring children's programs

 

	
Renewed

 January 3, 2005

 

	
GOODTIMES

 

	
RN: 1905525

 SN: 74557169

 

	
August 4, 1994

 

	
July 18, 1995

 

	
Gaiam Americas, Inc.

(Colorado Corp.)

833 West South Boulder Road

Louisville

Colorado

 80027

	
(Int'l Class: 09)

 pre-recorded videocassettes featuring a range of entertainment and instructional subject matter

 

	
Renewed

 July 18, 2005

 

	
GREATEST HEROES AND LEGENDS OF THE BIBLE

 

	
RN: 2336886

 SN: 75606097

 

	
December 15, 1998

 

	
March 28, 2000

 

	
Gaiam Americas, Inc.

(Colorado Corp.)

833 West South Boulder Road

Louisville

Colorado

 80027

 

	
(Int'l Class: 09)

 series of prerecorded video programs featuring animated bible stories

 

	
Renewed Supplemental Register

 March 28, 2010

 

	
THE BIGGER PICTURE

	
RN: 3162444

 SN: 78761700

 

	
November 28, 2005

 

	
October 24, 2006

 

	
Vistachiara Productions, Inc., Dba the Bigger Picture

(Delaware Corp.)

902 Broadway

9th Floor

New York

New York

 10010

 

	
(Int'l Class: 41)

 production and distribution of motion pictures

 

	
Registered 8 & 15

 November 16, 2012

 

 

 

  

SCHEDUJLE VI

Foreign Trademarks and Applications

	
Country

	
Mark/Name

	
App. No./Reg. No.

	
App. Date

	
Reg. Date

	
Full Goods/Services

	
Owner

	
Australia

  

	
CINEDIGM

 

	
RN: 1371051

 AN: 1371051

 

	
July 8, 2010

 

	
July 8, 2010

 

	
(Int'l Class: 39)

Storage of electronic media, including images, text and audio data

(Int'l Class: 41)

Entertainment services, including distribution of motion pictures, sporting events, television programmes, television short segments featuring news and information about sports, cartoons, concerts, and plays, by satellite, telephone lines, cable, fiber optics, hard drive, and Internet; leasing of digital cinema projection systems

(Int'l Class: 42)

 Providing managed technical services, being monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities

	
Cinedigm Digital Cinema Corp 55 Madison Avenue Morristown NJ 07960, US Federal

 

	
Argentina

  

	
GOODTIMES

 

	
RN: 2062717

 AN: 2543478

 

	
September 23, 2004

 

	
February 1, 2006

 

	
(Translation)

(Int'l Class: 09)

 all the class

 

	
GT MERCHANDISING & LICENSING LLC US Federal

	
Canada

  

	
GOODTIMES

 

	
RN: 337571

 AN: 0579049

 

	
February 27, 1987

 

	
February 26, 1988

 

	
(Int'l Class: 9)

 Wares: (1) Video cassettes.

 

	
Gaiam Americas, Inc. (a Colorado corporation) 833 W. South Boulder Road Louisville, CO 80027, US Federal

	
European Union

	
CINEDIGM

 

	
RN: 009230061

 AN: 009230061

 

	
July 7, 2010

 

	
December 22, 2010

 

	
(Int'l Class: 39)

Storage of electronic media, including, images, text and audio data.

(Int'l Class: 41)

Entertainment services, including, distribution of motion pictures, sporting events, television programming, television short segments featuring news and information about sports, cartoons, concerts, and plays, by satellite, telephone lines, cable, fibre optics, hard drive, and Internet; leasing of digital cinema projection systems.

(Int'l Class: 42)

 Providing managed technical services, including, monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities.

	
Cinedigm Digital Cinema Corp. 55 Madison Avenue, 07960, Morristown,, New Jersey, US Federal

 

 

 

 

SCHEDULE VI

 

	 Country	 Mark/Name	App.No./Reg. No.	 App. Date	 Reg. Date	 Full Goods/Services	 Owner
	
India

  

	
CINEDIGM

 

	
RN: 1007111

 AN: 1997631

 

	
July 23, 2010

 

	
April 26, 2011

 

	
(Int'l Class: 42)

 providing managed technical services, namely, monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities.

 

	
CINEDIGM DIGITAL CINEMA CORP.[1195013]Body Incorporate 55, MADISON AVENUE, MORRISTOWN NJ 07960., India

	
India

  

	
CINEDIGM

 

	
RN: 1006841

 AN: 1997630

 

	
July 23, 2010

 

	
April 25, 2011

 

	
(Int'l Class: 41)

 entertainment services, namely, distribution of motion pictures, sporting events, television programming, television short segments featuring news and information about sports, cartoons, concerts, and plays, by satellite, telephone lines, cable, fiber optics, hard drive, and internet; leasing of digital cinema projection systems.

	
CINEDIGM DIGITAL CINEMA CORP.[1195013]Body Incorporate 55, MADISON AVENUE, MORRISTOWN NJ 07960., India

 

	
India

  

	
CINEDIGM and Design

 

	
AN: 1997629

 

	
July 23, 2010

 

	 	
(Int'l Class: 39)

 storage of electronic media, namely, images, text and audio data.

 

	
CINEDIGM DIGITAL CINEMA CORP.[1195013]Body Incorporate 55, MADISON AVENUE, MORRISTOWN NJ 07960., India

 

 

 

 

SCHEDULE VI

 

	 Country	 Mark/Name	 App. No./Reg. No.	 App. Date	 Reg. Date	 Full Goods/Services	 Owner
	
Japan

  

	
CINEDIGM

	
RN: 5385827

 AN: 2010-058544

 

	
July 26, 2010

 

	
January 21, 2011

 

	
(Translation)

(Int'l Class: 39)

electronic media and other storage medium for storing electronic data was sound and image and document 及

(Translation)

(Int'l Class: 41)

Distribution of movies, distribution of broadcast program on sporting events, distribution of television programs, distribution of broadcast program on the news, distribution of broadcast program information related to sports and animation Concert play etc., distribution of broadcast program of the other, and digital projector lending the film machinery and equipment lending, of the other accessories, rent of projection film

(Translation)

(Int'l Class: 42)

 Remote monitoring of computer systems and telecommunications systems, digital projection system for carrying out the provision of technical advice and backup computer program

	
Shinedigumu Digital Cinema Corporation US Federal

 

	
New Zealand

  

	
CINEDIGM

 

	
RN: 827026

 AN: 827026

 

	
July 9, 2010

 

	
January 8, 2011

 

	
(Int'l Class: 39)

Storage of electronic media, namely, images, text and audio data.

(Int'l Class: 41)

Entertainment services, namely, distribution of motion pictures, sporting events, television programming, television short segments featuring news and information about sports, cartoons, concerts, and plays, by satellite, telephone lines, cable, fiber optics, hard drive, and Internet; leasing of digital cinema projection systems.

(Int'l Class: 42)

 Providing managed technical services, namely, monitoring the telecommunications, digital projection, and computer systems of others for technical purposes and providing back-up computer programs and facilities.

	
Cinedigm Digital Cinema Corp. (Person) 55 Madison Avenue Morristown, NJ 07960, US Federal

 

 

 

SCHEDULE VI

 

 

	 Country	 Mark/Name	 App. No./Reg. No.	 App. Date	 Reg. Date	 Full Goods/Services	 Owner
	
Taiwan

  

	
GOODTIMES

	
RN: 00698543

 AN: 083077039

 

	
December 28, 1994

 

	
December 1, 1995

 

	
(Translation)

(Int'l Class: 09)

 video.

 

	
GT MEDIA, INC. 美國

 

	
Thailand

  

	
GOODTIMES and Design

	
RN: 28651

 AN: 271931

 

	
September 9, 1994

 

	 	
(Translation)

(Int'l Class: 09)

 Tools & Scientific, nautical, surveying and electrical. (Including wireless type), magnetic picture-recording tape video machines. Magnetic sound-recording tape Computer Software Software

	
จีที เมอร์เชนไดซิ่ง แอนด์ ไลเซนซิ่ง แอลแอลซี 16 อีสต์ 40 สตรีท นิวยอร์ก มลรัฐนิวยอร์ก 10016 สหรัฐอเมริกา

 

	
Turkey

  

	
cinedigm

	
RN: 2013 66107

 AN: 2013/66107

 

	
July 30, 2013

 

	
January 19, 2015

 

	
(Translation) (Int'l Class: 39)

Electronic media, namely images, text and audio data of the physical storage services.

(Translation) (Int'l Class: 41)

Entertainment services, namely movies, sports events, television programs, satellite, telephone line, cable, fiber optic, hard disk and via the internet sports, cartoons, concerts and games and information about news in short television shows, digital cinema projection systems hire services.

(Translation) (Int'l Class: 42)

 Managed provision of technical services for technical purposes ie other people's computers, telecommunications and digital projection and monitoring services to ensure that backed up computer programs and facilities services.

	
CINEDIGM DIGITAL CINEMA CORP. 902 Broadway New York 10010 A.B.D., US Federal

SCHEDULE VI

ANNEX B

TO SCHEDULE VI

TO SECURITY AGREEMENT

PATENTS AND PATENT APPLICATIONS

	
TITLE

	
MATTER TYPE

	
COUNTRY

	
STATUS

	
APPL. #

	
FILING DATE

	
PATENT #

	
ISSUE DATE

	
METHOD AND APPARATUS FOR MEDIA DUPLICATION

	
Utility – ORG

	
United States of America

	
Issued

	
11/696,093

	
3-Apr-07

	
8271648

	
18-Sep-12

	
METHOD AND APPARATUS FOR MEDIA DUPLICATION

	
Utility – ORG

	
PCT

	
Completed

	
PCT/US08/59284

	
3-Apr-08

	 	 
	
METHOD AND APPARATUS FOR MEDIA DUPLICATION

	
Utility - NSPCT

	
European Patent Office

	
Pending

	
08 745 026.8

	
3-Apr-08

	 	 

 

 

  

SCHEDULE VI

PART 1 OF ANNEX C

TO SCHEDULE VI

TO SECURITY AGREEMENT

COPYRIGHTS1

 

	
Title

	
Registration #

	
Registration Date

	
Owner

 

	
50 Years of Oscar

	
(unregistered)

	 	 
	
A Christmas Carol

	
PA 735-206

	
12/23/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
A Christmas Carol

	
VA 711-579

	
1/11/1995

	
Goodtimes Home Video Corporation

	
Adventures of Pocahontas the Indian Princess Adventure Play Set, The

	
SR 199-454

	
12/5/1994

	
GT Publishing Corporation d.b.a. GoodTimes Publishing

	
Aladdin

	
PA 709-362

	
6/28/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Aladdin

	
VA 638-131

	
3/14/1994

	
Goodtimes Home Video Corporation

	
Aladdin (Certificate of Recordation - Copyright Assignment)

	
Vol 2971 Page 152

	
3/14/1994

	
Party 1:  John Youssi

Party 2:  GoodTimes Home Video Corporation

	
Alice in Wonderland

	
PA 742-801

	
2/8/1995

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Alice in Wonderland

	
VA 601-849

	
2/3/1995

	
Goodtimes Home Video Corporation

	
All About Airplanes with Backpack Jack

	
(unregistered)

	 	 
	
All About Big Red Fire Engines

	
(unregistered)

	 	 
	
All About Creek Crawlies with Backpack Jack

	
(unregistered)

	 	 
	
All About Dinosaurs with Backpack Jack

	
(unregistered)

	 	 
	
All About Garbage & Recycling with Backpack Jack

	
(unregistered)

	 	 
	
All About Old McDonald's Farm

	
(unregistered)

	 	 
	
Beauty and the Beast

	
PA 709-358

	
6/30/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

 

 

1 Note to Issuer: Please update.

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Beauty and the Beast

	
VA 617-799

	
1/5/1994

	
Goodtimes Home Video Corporation

	
Beauty and the Beast (Certificate of Recordation - Copyright Assignment)

	
Vol 2961 Page 305

	
1/5/1994

	
Party 1:  John Youssi

Party 2:  GoodTimes Home Video Corporation

	
Ben Hur

	
PA 1-192-336

	
6/6/2003

	
GoodTimes Entertainment, Ltd.

	
Black Beauty

	
PA 857-491

	
11/15/1995

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Black Beauty

	
VA 692-606

	
1/20/1995

	
Goodtimes Home Video Corporation

	
Camelot, The Legend

	
PA 1-003-746

	
9/22/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Chop Kick Panda

	
(unregistered)

	 	 
	
Cinderella

	
PA 738-773

	
12/23/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Cinderella

	
VA 711-573

	
1/11/1995

	
Goodtimes Home Video Corporation

	
Country Couple Dances

	
(unregistered)

	 	 
	
Curly: The Littlest Puppy

	
PA 851-526

	
6/5/1997

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Fabulous Pro Football Legends

	
(unregistered)

	 	 
	
GH&LOTB:  Apostles, The

	
PA 1-003-536

	
9/21/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Daniel and the Lion's Den

	
PA 1-006-461

	
9/15/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:David & Goliath

	
PA 1-006-484

	
6/15/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Garden of Eden, The

	
PA 1-013-138

	
9/20/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
GH&LOTB:  Garden of Eden, The

	
PA 1-013-138

	
9/20/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Jonah and the Whale

	
PA 1-013-139

	
9/21/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Joseph & the Coat of Many Colors

	
PA 1-003-535

	
9/21/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Joshua and the Battle of Jericho

	
PA 1-002-538

	
9/21/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Last Supper, Crucifixion & Resurrection, The

	
PA 1-038-633

	
9/20/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Samson and Delilah

	
PA 1-006-483

	
9/19/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  Sodom & Gomorrah

	
PA 1-006-517

	
9/15/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  The Miracles of Jesus

	
PA 1-003-537

	
9/20/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
GH&LOTB:  The Nativity

	
PA 1-006-478

	
9/15/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

 

 

 

SCHEDULE VI

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
GH&LOTB:  The Story of Moses

	
PA 1-006-480

	
9/15/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Grizzly and the Treasure, The

	
(unregistered)

	 	 
	
Happy, The Littlest Bunny

	
PA 1-002-715

	
9/20/2000

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Heidi

	
PA 857-493

	
11/15/1997

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Heidi

	
VA 692-605

	
1/20/1995

	
Goodtimes Home Video Corporation

	
Hercules

	
PA 815-481

	
5/30/1997

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Hercules

	
VA 800-984

	
5/30/1997

	
Goodtimes Home Video Corporation

	
Hockey, All Brawls

	
(unregistered)

	 	 
	
Hunchback of Notre Dame, The

	
PA 847-553

	
6/5/1997

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Hunchback of Notre Dame, The

	
VA 861-229

	
6/5/1997

	
Goodtimes Home Video Corporation

	
Jungle Book, The

	
PA 742-802

	
2/8/1995

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Jungle Book, The

	
VA 698-260

	
2/3/1995

	
Goodtimes Home Video Corporation

	
Legend of Camelot

	
(unregistered)

	 	 
	
Leo the Lion, King of the Jungle

	
PA 735-205

	
12/1/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

 

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Leo the Lion, King of the Jungle

	
PA 703-460

	
2/8/1995

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Leo the Lion, King of the Jungle

	
VA 711-574

	
1/11/1995

	
Goodtimes Home Video Corporation

	
Life with Jesus

	
(unregistered)

	 	 
	
Line Dancing's Latest

	
(unregistered)

	 	 
	
Little Mermaid

	
PA 726-032

	
7/1/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Little Mermaid, The

	
VA 617-800

	
12/28/1993

	
Goodtimes Home Video Corporation

	
Little Mermaid, The (Certificate of Recordation - Copyright Assignment)

	
Vol 2951 Page 349

	
12/28/1993

	
Party 1:  John Youssi

Party 2:  GoodTimes Home Video Corporation

	
Little Red Riding Hood

	
PA 857-494

	
11/15/1995

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Little Red Riding Hood

	
VA 579-199

	
2/28/1995

	
Goodtimes Home Video Corporation

	
Littlest Bunny, The

	
VA 687-141

	
2/22/1995

	
Goodtimes Home Video Corporation

	
Magic Gift of the Snowman

	
PA 843-783

	
6/9/1997

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Nutcracker, The

	
PA 735-472

	
12/23/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Nutcracker, The

	
VA 711-580

	
1/11/1995

	
Goodtimes Home Video Corporation

	
Pinnochio

	
PA 709-357

	
6/30/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

 

 

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Pocahontas

	
PA 735-418

	
12/23/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Pocahontas

	
VA 711-576

	
1/11/1995

	
Goodtimes Home Video Corporation

	
Puss in Boots: A Furry Tail

	
(unregistered)

	 	 
	
Sinbad

	
PA 709-359

	
6/30/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Sinbad

	
VA 641-776

	
3/15/1994

	
Goodtimes Home Video Corporation

	
Sinbad (Certificate of Recordation - Copyright Assignment)

	
Vol 2972 Page 408

	
3/15/1994

	
Party 1:  John Youssi

Party 2:  GoodTimes Home Video Corporation

	
Sleeping Beauty

	
PA 857-500

	
11/15/1995

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Sleeping Beauty

	
PA 850-657

	
6/2/1997

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Sleeping Beauty

	
VA 311-307

	
3/30/1995

	
Goodtimes Home Video Corporation

	
Snow White

	
PA 735-207

	
12/23/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Snow White

	
VA 711-575

	
1/11/1995

	
Goodtimes Home Video Corporation

	
Tappy Toes

	
(unregistered)

	 	 
	
Ten Commandments, The

	
(unregistered)

	 	 
	
Three Musketeers, The

	
VA 622-248

	
12/28/1993

	
Goodtimes Home Video Corporation

	
Three Musketeers, The

	
PA 709-361

	
6/29/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

 

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Three Musketeers, The (Certificate of Recordation - Copyright Assignment)

	
Vol 2951 Page 348

	
2/15/1994

	
Party 1:  John Youssi

Party 2:  GoodTimes Home Video Corporation

	
Thumbelina

	
PA 709-360

	
6/29/1994

	
GT Merchandising & Licensing Corporation & GoodTimes Entertainment, Ltd., by change of name from GoodTimes Home Video Corporation.

	
Thumbelina

	
VA 612-569

	
1/5/1994

	
Goodtimes Home Video Corporation

	
Thumbelina (Certificate of Recordation - Copyright Assignment)

	
Vol 2961 Page 306

	
1/5/1994

	
Party 1:  John Youssi

Party 2:  GoodTimes Home Video Corporation

	
Wheels on the Bus Sing Along, The

	
(unregistered)

	 	 
	
White Fang

	
(unregistered)

	 	 
	
Afternoon delight (Certificate of Recordation)

	
V9910D169

(Copyright mortgage and assignment)

V9910D168

(Instrument of transfer)

	 	
Party 1: Film Arcade, LLC

Party 2: Cinedigm Entertainment, Corporation

 

Party 1: Film Arcade, LLC

Party 2: Cinedigm Entertainment, Corporation

 

	
Ant boy (Certificate of Recordation)

	
V9915D846

(Copyright mortgage and assignment)

	 	
Party 1: Viva Pictures Distribution, LLC

Party 2: Cinedigm Home Entertainment LLC 

 

	
Arthur Newman : a.k.a. The other you, a.k.a. Arthur Newman Golf Pro (Certificate of Recordation)

	
V3628D661

(Copyright Mortgage & assignment)

V3628D649

(Instrument of transfer)

	 	
Party 1: Vertebra Newman Film Company, LLC.

Party 2: Cinedigm Digital Cinema Corporation.

 

Party 1: Vertebra Newman Film Company, LLC.

Party 2: Cinedigm Digital Cinema Corporation.

 

 

 

 

 

SCHEDULE VI

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Dark house (Certificate of Recordation - Copyright Assignment)

	
V3633D361

(Instrument of transfer)

V3633D364

(Copyright mortgage and assignment)

	 	
Party 1: Haunted, LLC.

Party 2: Cinedigm Entertainment Corporation.

 

Party 1: Haunted, LLC.

Party 2: Cinedigm Entertainment Corporation.

 

	
The dog (Certificate of Recordation - Copyright Assignment)

	
V9910D171

(Instrument of transfer)

V9910D170

(Copyright mortgage and assignment)

	 	
Party 1: Unleashed Films, LLC

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Unleashed Films, LLC

Party 2: Cinedigm Entertainment Corporation

 

	
English teacher (Certificate of Recordation - Copyright Assignment)

	
V3628D413

(Instrument of transfer)

V3628D312

(Copyright mortgage and assignment)

	 	
Party 1: Artina Film Fund, LLC.

Party 2: Cinedigm Entertainment Group.

 

Party 1: Artina Film Fund, LLC.

Party 2: Cinedigm Entertainment Group.

 

	
In our nature (Certificate of Recordation - Copyright Assignment)

	
V3624D749

(Instrument of transfer)

V3624D750

(Copyright mortgage and assignment)

	 	
Party 1: Great Barrington, LLC.

Party 2: New Video Group, Inc., a wholly owned subsidiary of Cinedigm Digital Cinema Corporation.

 

Party 1: Great Barrington, LLC.

Party 2: New Video Group, Inc., a wholly owned subsidiary of Cinedigm Digital Cinema Corporation.

 

 

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Like water (Certificates of Recordation)

	
V3620D073

(Copyright mortgage & assignment)

V3620D026

(Assignment of rights)

V3620D022

(Copyright mortgage & assignment)

V3620D072

(Assignment of rights)

	 	
Party 1: Flow With The Go, LLC & Tough Media Corporation.

Party 2: Vistachiara Productions, Inc. d.b.a. Cinedigm Entertainment Group.

 

Party 1: Vistachiara Productions, Inc. d.b.a. Cinedigm Entertainment Group.

Party 2: Lions Gate Films, Inc.

 

Party 1: Vistachiara Productions, Inc. d.b.a. Cinedigm Entertainment Group.

Party 2: Lions Gate Films, Inc.

 

Party 1: Flow With The Go, LLC & Tough Media Corporation.

Party 2: Vistachiara Productions, Inc. d.b.a. Cinedigm Entertainment Group.

 

	
Narco Cultura (Certificate of Recordation - Copyright Assignment)

	
V9910D177

(Instrument of transfer)

V9910D176

(Copyright mortgage and assignment)

	 	
Party 1: Narco Cultura, LLC

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Narco Cultura, LLC

Party 2: Cinedigm Entertainment Corporation

 

	
Night moves (Certificate of Recordation - Copyright Assignment)

	
V9910D173

(Copyright mortgage and assignment)

V9910D175

(Instrument of transfer)

	 	
Party 1: Tipping Point Productions, LLC extra

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Tipping Point Productions, LLC

Party 2: Cinedigm Entertainment Corporation

 

 

 

SCHEDULE VI

 

 

	
Title

	
Registration #

	
Registration Date

	
Owner

	
Open windows  (Certificate of Recordation - Copyright Assignment)

	
V9915D006

(Instrument of transfer)

V9915D007

(Copyright mortgage and assignment)

 

	 	
Party 1: Wild Bunch SA

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Wild Bunch SA Apaches Entertainment SL

Party 2: Cinedigm Entertainment Corporation

 

	
The opposite sex (Certificate of Recordation - Copyright Assignment)

	
V9917D138

(Instrument of transfer)

V9917D136

(Copyright mortgage and assignment)

	 	
Party 1: Vantage Media International, LLC aka VMI

 

VMI

 

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Vantage Media International, LLC aka VMI

 VMI

 

Party 2: Cinedigm Entertainment Corporation

 

	
Penguin King (Certificate of Recordation - Copyright Assignment)

	
V9910D164

(Copyright mortgage and assignment)

V9910D165

(Instrument of transfer)

	 	
Party 1: Serengeti Entertainment, Ltd.

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Serengeti Entertainment, Ltd.

Party 2: Cinedigm Entertainment Corporation

 

	
Visitors (Certificate of Recordation - Copyright Assignment)

	
V9904D599

(Instrument of transfer)

V9904D305

(Copyright mortgage and assignment)

	 	
Party 1: Vivid Unknown, LLC

Party 2: Cinedigm Entertainment Corporation

 

Party 1: Vivid Unknown, LLC

Party 2: Cinedigm Entertainment Corporation

 

PART 2 OF ANNEX C

TO SCHEDULE VI

TO SECURITY AGREEMENT

SOFTWARE PRODUCTS

None.

  

SCHEDULE VI

ANNEX D

TO SCHEDULE VI

TO SECURITY AGREEMENT

LICENSES GRANTED BY GRANTORS TO THIRD PERSONS

		1.	Netflix, Inc.

		a.	First Amended and Restated License Agreement for Internet Transmission, dated as of October 12, 2012, as amended.

SCHEDULE VI

ANNEX E

TO SCHEDULE VI

TO SECURITY AGREEMENT

LICENSES GRANTED BY THIRD PERSONS TO THE GRANTORS

		1.	4K Media Inc.

		a.	Standard Form Video License, "Yu-Gi-Oh!", dated as of August 23, 2012, as amended

		2.	Artina Film Fund, LLC

		a.	Short Form Distribution Agreement dated as of December 12, 2012, "The English Teacher"

		b.	Distribution Agreement (with Tribeca Enterprises) for the film entitled "The English Teacher" dated as of December 12, 2012

		3.	Bejuba! Entertainment LLC

		a.	Standard Form Video License dated as of August 6, 2013, "Stella and Sam" (not executed)

		b.	Amendment anticipated for the expansion of rights for "Stella and Sam" to add international SVOD; 15% distribution fee for digital (in negotiations)

		4.	Bl!nder Films Limited and Citadel Films Limited

		a.	Distribution Agreement dated as of March 20, 2012, as amended, "Citadel"

		5.	CCI Releasing, Inc.

		a.	Standard Form Video License dated as of April 10, 2013, "Harry and His Bucket Full of Dinosaurs"

		6.	Childs Play Limited (Malta)

		a.	Distribution Agreement dated as of November 14, 2012, "Come Out and Play"

		7.	Corus Entertainment Inc.

		a.	Standard Form Video License dated as of September 10, 2013, "Hot Wheels Battle Force 5" (not executed)

		b.	Standard Form Video License dated as of October 3, 2013, "Beyblade" (not executed)

		8.	Dentsu Inc.

		a.	License Agreement dated as of December 15, 2012, "Deltora Quest" (not executed)

		9.	Dipper Films, LLC

		a.	License Agreement dated as of April 4, 2013, "Our Nixon"

		10.	Discovery Licensing, Inc.

		a.	Home Video License Agreement dated May 26, 2009, as amended

		11.	Drafthouse Films, LLC

		a.	Standard Form Distribution Agreement dated as of August 1, 2013 (not executed)

		12.	EuropaCorp (a French limited liability company)

	
 

	a.	"22 Bullets" License Agreement dated as of February 12, 2013

 

SCHEDULE VI

	
 

	13.	Everyman's Journey, LLC

		a.	Distribution Agreement dated as of July 2, 2012, "Don't Stop Believin': Everyman's Journey"

		14.	The Film Arcade, LLC

		a.	Cinedigm-Film Arcade Co-Acquisition Agreement effective as of March 22, 2013, "Afternoon Delight" (not executed)

		b.	Motion Picture Distribution Agreement between The Film Arcade, LLC and Afternoon Delight, LLC dated as of March 22, 2013

		15.	GKIDS Inc.

		a.	Standard Form Video License dated as of February 13, 2012, "Chico & Rita"

		b.	Standard Form Video License dated as of February 13, 2012, "A Cat in Paris"

		c.	Standard Form Video License, dated as of September 26,  2012, multiple Pictures

		d.	Standard Form Video License dated as of February 22, 2013, "From Up on Poppy Hill"

		e.	Standard Form Video License to be dated as of September 23, 2013, "Ernest & Celestine" (not executed)

		f.	Standard Form Video License, "Patema Inverted," "La Nocturna," "Welcome To the Space Show," "Eleanor's Secret" (in negotiations)

		16.	Great Barrington, LLC

		a.	License Agreement dated as of May 15, 2012, "In Our Nature"

		17.	Haunted, LLC

		a.	Short Form Distribution Agreement dated as of October 1, 2013, "Dark House" (not executed)

		18.	The Hive Enterprises, Ltd.

		a.	Standard Form Video License dated as of May 31, 2012, "The Hive"

		b.	Amendment anticipated for the expansion of rights for "The Hive" to add international SVOD; $50,000 advance, 50% royalty for digital (in negotiations)

		19.	Jim Henson Henson Company

		a.	Standard Form Video License dated as of February 19, 2013, as amended

		20.	Liberty Spikes Production LLC

		a.	Distribution Agreement dated September 2, 2015, "Punk's Dead: SLC Punk 2"

		21.	Lindy Hop Pictures, LLC

		a.	Distribution Agreement dated September 24, 2012, "Call Me Kuchu"

		22.	McCurry Homestead LLC

		a.	Distribution Agreement dated as of October 11, 2012, "Dead Man's Burden"

		23.	Meadowland Movie, LLC

		a.	Distribution Agreement dated as of August 13, 2015, "Meadowland"

		24.	MV Nepenthes LLC

		a.	Short Form Distribution Agreement dated as of October 15, 2012, "Violet and Daisy"

 

SCHEDULE VI

		25.	Namco Bandai Games America

		a.	Standard Form Video License dated as of June 3, 3013, "Tekken: Blood Vengeance" (not executed)

		26.	Narco Cultura, LLC

		a.	Distribution Agreement dated as of February [__], 2013, "Narco Cultura" (not executed)

		27.	Nerd Corps International Distribution Inc.

		a.	Standard Form Video License dated as of May 10, 2013, "League of Super Evil"

		28.	Nippon Television Corp.

		a.	"Hunter X Hunter;" $75,000 advance, 25% royalty for home entertainment, 50% for digital (in negotiations)

		b.	"Berserk;" $50,000 advance, 25% royalty for home entertainment, 50% for digital (in negotiations)

		29.	Parthenon Entertainment Limited, trading as Sky Vision

		a.	Standard Form Video License dated as of December 19, 2012, as amended, "Jakers The Wibbly Pig"

		30.	Passion Distribution Ltd.

		a.	Standard Form Distribution Agreement dated as of September 20, 2013, "An Idiot Abroad" (not executed)

		b.	Standard Form Distribution Agreement dated as of September 20, 2013, "My Politician's Husband" (not executed)

		c.	Standard Form Video License dated as of September 15, 2013, "Derek" (not executed)

		31.	Permacology Productions Pty Ltd.

		a.	Standard Form Video License dated as of May 22, 2012, "Hungry for Change"

		32.	Production I.G, Inc.

		a.	"Ghost in the Machine 2: Innocence;" $50,000 advance, 25% royalty for home entertainment, 50% for digital (in negotiations)

		33.	Radcliffe Pictures, LLC

		a.	Distribution Agreement dated as of January 23, 2013, "Absence"

		34.	Red Arrow International GmbH

		a.	Standard Form Video License dated as of June 17, 2013, "Lilyhammer" (not executed)

		35.	Rooster Teeth Productions LLC

		a.	Standard Form Video License dated as of December 7, 2009, as amended

		36.	Scholastic

		a.	Distribution Agreement Deal Terms dated as of January 1, 2012, "The Magic School Bus"

		b.	Letter Agreement dated as of June 27, 2002, as amended

		37.	RGM-NewBreed Music LLC

 

SCHEDULE VI

		a.	Distribution Agreement, dated as of January 20, 2016, "Alive in Asia"

		38.	Serengeti Entertainment Limited

		a.	Short Form Distribution Agreement dated as of May 7, 2013, "Penguin King 3D" a.k.a. "Adventures of the Penguin King"

		39.	Short Term Holdings, LLC

		a.	Short Form Distribution Agreement dated as of March 25, 2012, "Short Term 12"

		40.	Shout! Factory, LLC

		a.	Videogram Manufacturing and Distribution Agreement dated March 13, 2007, as amended

		41.	Show of Force, LLC

		a.	Standard Form Video License dated as of June 28, 2012, "Half the Sky"

		42.	Tele München Group

		a.	"Flashpoint;" 15% distribution fee for digital (in negotiations)

		43.	The Bully Chronicles, LLC

		a.	Distribution Agreement dated September 15, 2015, "A Girl Like Her"

		44.	Third Eye Motion Picture Co., Inc.

		a.	Video License Agreement dated as of March 22, 2005, as amended, "Paradise Lost: The Child Murders at Robin Hood Hills"

		b.	Video License Agreement dated as of February 12, 2001, as amended, "Paradise Lost 2: Revelations"

		c.	Standard Form Video License dated as of January 12, 2012, "Paradise Lost 3: Purgatory"

		45.	Tipping Point Productions, LLC

		a.	Short Form Distribution Agreement dated as of September 24, 2013, "Night Moves" (not executed)

		46.	Toei Animation Inc.

		a.	License Agreement dated April 1, 2012, as amended

		b.	Exercise of Option to Acquire Rights dated December 17, 2012

		c.	License Agreement, Videogram and Digital Distribution Rights, dated as of March 1, 2013, "Zatchbell!!"

		d.	License Agreement, Videogram and Digital Distribution Rights dated as of March 1, 2013, "Saint Seiya, The Hades, Omega, The Heavens"

		e.	License Agreement, Videogram and Digital Distribution Rights, "Magical Doremi" (in negotiations)

		f.	License Agreement, Videogram and Digital Distribution Rights, "Slam Dunk" (in negotiations)

		47.	Toho Co., Ltd.

		a.	"Godzilla versus Mechagodzilla" and "Son of Godzilla;" $60,000 advance, 25% royalty for home entertainment, 50% for digital (in negotiations)

 

SCHEDULE VI

		48.	Tohokushinsha Film Company

		a.	"Space Battleship Yamato;" $100,000 advance, 25% royalty for home entertainment, 50% for digital (in negotiations)

		b.	"Reideen;" $75,000 advance, 25% royalty for home entertainment, 50% for digital (in negotiations)

		49.	Tribeca Enterprises LLC

		a.	Tribeca Film DVD and Digital Distribution agreement dated June 1, 2010, as amended

		50.	TrustNordisk ApS (a Danish private limited company)

		a.	Short Form Distribution Agreement dated as of September 25, 2013, "Easy Money 2" and "Easy Money 3" (not executed)

		51.	Vertebra Newman Film Company, LLC

		a.	Short Form Distribution Agreement dated as of November 15, 2012, as amended, "Arthur Newman"

		52.	The Vivid Unknown, LLC

		a.	License Agreement dated as of February 22, 2013, "Visitors"

		53.	The Weinstein Company, LLC

		a.	Videogram Distribution Agreement, dated September 15, 2009

		54.	ZDF Enterprises GmbH

		a.	Standard Form Distribution Agreement dated as of July 1, 2010, as amended, "H2O: Just Add Water"

		b.	Standard Form Video License dated as of April 29, 2013, "Wolfblood" and "Wolfblood Files" (not executed)

		c.	Standard Form Video License dated as of May 30, 2013, "Mako Mermaids" (not executed)

		55.	Zodiak Rights Limited

		a.	Programme License Agreement dated as of September 24, 2012, as amended, "Being Human"

		b.	License Agreement dated as of December 27, 2012, "My Big Fat Gypsy Wedding"

		c.	Standard Form Video License dated as of January 11, 2013, as amended, "Totally Spies"

		d.	Standard Form Video License dated as of January 11, 2013, "The Secret World of Santa Claus"

Programme License Agreement dated as of June 27, 2013, "Dani's House" and "Let's Play"

SCHEDULE VI

SCHEDULE VII

TO SECURITY AGREEMENT

GRANT OF SECURITY INTEREST

[TRADEMARKS][COPYRIGHTS]2

THIS GRANT OF SECURITY INTEREST, dated as of _______________, is executed by _________________________, a ___________________ (the "Grantor"), in favor of [●], as Collateral Agent (in such capacity, the "Collateral Agent").

A. Pursuant to that certain Second Amended and Restated Agreement, dated as of April 29, 2015 (as amended, supplemented, restated or otherwise modified from time to time, the "Credit Agreement"), among the Company, the other Obligors party thereto from time to time ("Subsidiary Grantors"), Société Générale, as the Administrative Agent, and CIT Bank, N.A., as the Collateral Agent, the Lenders have agreed to extend certain credit facilities to the Borrower upon the terms and subject to the conditions set forth therein.

[B. The Grantor has adopted, used and is using the trademarks, more particularly described on Schedules 1-A and 1-B annexed hereto and made a part hereof, which trademarks are registered or subject to an application for registration in the United States Patent and Trademark Office and certain foreign countries (collectively, the "Trademarks").]

[B. The Grantor owns the copyrights registered in the United States Copyright Office and certain foreign countries, more particularly described on Schedule 1-A annexed hereto and made a part hereof (collectively, the "Copyrights").]

[C. Pursuant to the Second Amended and Restated Security Agreement, dated as of July 14, 2016 (as amended, supplemented, restated or otherwise modified from time to time, the "Security Agreement"), among the Grantor, other entities party thereto from time to time and the Collateral Agent, the Grantor has granted to the Collateral Agent (for the ratable benefit of the Secured Parties) a security interest in all right, title and interest of the Grantor in and to the Trademarks, together with the goodwill of the business symbolized by the Trademarks and the customer lists and records related to the Trademarks and the applications and registrations thereof, and all proceeds thereof, including any and all causes of action which may exist by reason of past, present or future infringement thereof (the "Collateral"), to secure the payment, performance and observance of the Secured Obligations, as defined in the Security Agreement.]

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Grantor does hereby further grant to the Collateral Agent a security interest in the Collateral to secure the prompt payment, performance and observance of the Secured Obligations.

The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Collateral granted hereby are more 

2 A separate form is to be used for each form of Collateral.

SCHEDULE VII

fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein.

The Collateral Agent's address is:

[●],

       as Collateral Agent

[●]

Attention:  [-]

Tel. No. [-]

 Fax No. [-]

 

SCHEDULE VII

IN WITNESS WHEREOF, the Grantor has caused this Grant of Security Interest to be executed as of the day and yeafirst above written.

	 	
[NAME OF GRANTOR],

 

 

	 	
By:

	 
	 	
Name:

	 
	 	
Title:

	 
	 	 	 

SCHEDULE VII

[SCHEDULE 1-A TO GRANT OF SECURITY INTEREST

TRADEMARKS]

 

 

 

SCHEUDLE VII

[SCHEDULE 1-A TO GRANT OF SECURITY INTEREST

COPYRIGHTS]

	
Description                                                                                 

	
Registration Date                                                                           

	

Registration No.                                                                              

 

 

 

  

SCHEDULE VII

[SCHEDULE 1-B TO GRANT OF SECURITY INTEREST

TRADEMARK APPLICATIONS]

 

 

	
Mark

	 	
Application Date

	 	
Application No.

 

 

SCHEDULE VII

SCHEDULE VIII

TO SECURITY AGREEMENT

GRANT OF SECURITY INTEREST

(PATENTS)

THIS GRANT OF SECURITY INTEREST, dated as of _______________, is executed by _________________________, a ___________________ (the "Grantor"), in favor of [●], as Collateral Agent (in such capacity, the "Collateral Agent").

A. Pursuant to that certain Second Amended and Restated Agreement, dated as of April 29, 2015 (as amended, supplemented, restated or otherwise modified from time to time, the "Credit Agreement"), among the Company, the other Obligors party thereto from time to time ("Subsidiary Grantors"), Société Générale, as the Administrative Agent, and CIT Bank, N.A., as the Collateral Agent, the Lenders have agreed to extend certain credit facilities to the Borrower upon the terms and subject to the conditions set forth therein.

B. The Grantor owns the letters patent, and applications for letters patent, of the United States and certain foreign countries, more particularly described on Schedules 1-A and 1‐B annexed hereto and made a part hereof (collectively, the "Patents").

C. Pursuant to the Second Amended and Restated Security Agreement, dated as of July 14, 2016 (as amended, supplemented, restated or otherwise modified from time to time, the "Security Agreement"), among the Grantor, other entities party thereto from time to time and the Collateral Agent, the Grantor has assigned and granted to the Collateral Agent (for the ratable benefit of the Secured Parties) a security interest in all right, title and interest of the Grantor in and to the Patents, together with any reissue, continuation, continuation-in-part or extension thereof, and all proceeds thereof, including any and all causes of action which may exist by reason of past, present or future infringement thereof (the "Collateral"), to secure the prompt payment, performance and observance of the Secured Obligations, as defined in the Security Agreement;

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Grantor does hereby further assign, transfer and convey unto the Collateral Agent and grant to the Collateral Agent a security interest in the Collateral to secure the prompt payment, performance and observance of the Secured Obligations.

 

SCHEDULE VIII

The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the assignment of and security interest in the Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein.

The Collateral Agent's address is:

[●],

    as Collateral Agent

[●]

Attention:  [-]

Tel. No. [-]

 Fax No. [-]

SCHEDULE VIII

IN WITNESS WHEREOF, the Grantor has caused this Grant of Security Interest to be executed as of the day and year first above written.

 

	 	
[NAME OF GRANTOR],

 

 

	 	
By:

	 
	 	
Name:

	 
	 	
Title:

	 
	 	 	 

 

SCHEDULE VIII

SCHEDULE 1-A TO GRANT OF SECURITY INTEREST

PATENTS

 

 

SCHEDULE VIII

SCHEDULE 1-B TO GRANT OF SECURITY INTEREST

PATENT APPLICATIONS

 

	
Title

	 	
Jurisdiction

	 	
Application Date

	 	
Application No.

  

 

  

SCHEDULEVIII

ANNEX 1

JOINDER AGREEMENT

This JOINDER AGREEMENT, (the "Joinder Agreement") dated as of _______, ____, is delivered pursuant to Section 10.13 of the Second Amended and Restated Security Agreement, dated as of July 14, 2016, among each of the Grantors from time to time party thereto and CIT Bank, N.A., as Collateral Agent (as amended, supplemented, restated or otherwise modified from time to time, the "Security Agreement").  Capitalized terms used herein but not defined herein are used herein with the meaning given them in the Security Agreement.

By executing and delivering this Joinder Agreement, the undersigned, as provided in Section 10.13 of the Security Agreement, hereby becomes a party to the Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, as security for the full, prompt, complete and final payment when due (whether at stated maturity, by acceleration or otherwise) and prompt performance and observance of all the Secured Obligations of the undersigned, the undersigned hereby assigns, conveys, mortgages, pledges, grants, hypothecates and transfers to the Collateral Agent for itself and for the pro rata benefit of the Secured Parties a security interest in and to all of the undersigned's right, title and interest in, to and under the Collateral, whether now owned or hereafter acquired by the undersigned or in which the undersigned now holds or hereafter acquires any interest and expressly assumes all obligations and liabilities of a Grantor thereunder.  From and after the date hereof, the undersigned shall for all purposes be a party to the Security Agreement and shall have the same rights, benefits and obligations as a Grantor party thereto on the Closing Date.

The undersigned hereby represents and warrants that each of the representations and warranties contained in the Security Agreement applicable to it is true and correct on and as the date hereof as if made on and as of such date.

The information set forth in Annex 1-A is hereby added to the information set forth in Schedules I through VIII to the Security Agreement.

This Joinder Agreement shall be governed by, and construed in accordance with the laws of the State of New York.

IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and delivered as of the date first above written.

[Additional Grantor]

By:  ______________________

Name: ____________________

 Title: _____________________

 

SCHEDULE VIII

ACKNOWLEDGED AND AGREED

as of the date of this Joinder Agreement

 first above written.

[●],

 as Collateral Agent

	
By:

	 	 
	
Name:

	 	 
	
Title:

	 	 

  

SCHEDULE VIII

Annex 1-A

[New Grantor to complete as appropriate]

 

	 	
COLLATERAL AGENT:

 

[●],

 as Collateral Agent

	 	
By:

	 
	 	
Name:

	 
	 	
Title:

	 
	 	 	 

  

SCHEDULE VIIIEXHIBIT 4.6

PLEDGE AGREEMENT

This Pledge Agreement dated as of July 14, 2016 (this "Pledge Agreement") is by and among Cinedigm Corp., a Delaware corporation (the "Borrower"), ADM Cinema Corporation (d/b/a the Pavilion Theatre), a Delaware corporation ("ADM"); Vistachiara Productions Inc. (d/b/a The Bigger Picture) a Delaware corporation ("VPI"); Vistachiara Entertainment, Inc. a Delaware corporation ("VEI"); Cinedigm Entertainment Corp. a New York corporation ("CEC"); Cinedigm Entertainment Holdings, LLC, a Delaware limited liability company ("CEH"); Cinedigm Home Entertainment, LLC, a Delaware limited liability company ("CHE"); Docurama, LLC, a Delaware limited liability company ("Docurama"); Dove Family Channel, LLC, a Delaware limited liability company ("Dove"); Cinedigm OTT Holdings, LLC, a Delaware limited liability company; ("OTT"), Cinedigm Productions, LLC, a Delaware limited liability company ("Productions", and together with the Borrower, ADM, VPI, VEI, CEC, CEH, CHE, Docurama, Dove and OTT, the "Pledgors" and each, a "Pledgor"), and CIT Bank, N.A., as Collateral Agent (the "Secured Party"), for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement referred to below, and referred to herein, the "Beneficiaries").

RECITALS

A. The Borrower, Société Générale, as the Administrative Agent, the Secured Party, and the Lenders from time to time party thereto have entered into that certain Second Amended and Restated Credit Agreement, dated as of April 29, 2015 (as amended, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement");

B. The Pledgors will derive substantial direct and indirect benefit from the transactions contemplated by the Credit Agreement and the other Loan Documents; and

C. It is a condition to the Lenders making any Loans, issuing Letters of Credit, or otherwise extending credit or other financial accommodations, that each Pledgor shall execute and deliver this Pledge Agreement, and the Pledgors have agreed to enter into this Pledge Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and confessed, each Pledgor hereby agrees with the Secured Party for its benefit as follows:

Section 1. Definitions.

(a) All capitalized terms not otherwise defined in this Pledge Agreement that are defined in the Credit Agreement shall have the meaning assigned to such terms by the Credit Agreement.  Any terms used in this Pledge Agreement that are defined in Article 8 or Article 9 of the Uniform Commercial Code as in effect in the State of New York from time to time ("UCC") and not otherwise defined herein or in the Credit Agreement shall have the meanings assigned to those terms in the UCC.

 

As used herein, the term "Payment in Full" means the indefeasible payment in full in cash of the Obligations, the termination or expiration of all Letters of Credit that are not fully cash collateralized with the Administrative Agent, the Issuing Bank or the Secured Party in such amounts as may be reasonably required by the Issuing Bank, the termination of all obligations of the Issuing Bank and the Lenders in respect of Letters of Credit (unless such Letters of Credit are so cash collateralized), the termination or expiration of all of the Commitments, the termination or expiration the Credit Agreement, and the termination of each Secured Hedging Document.

(b) All meanings to defined terms, unless otherwise indicated, are to be equally applicable to both the singular and plural forms of the terms defined.  Article, Section, Schedule, and Exhibit references are to Articles and Sections of, and Schedules and Exhibits to, this Pledge Agreement, unless otherwise specified.  All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be amended, supplemented, and otherwise modified from time to time, unless otherwise specified.  The words "hereof", "herein" and "hereunder" and words of similar import when used in this Pledge Agreement shall refer to this Pledge Agreement as a whole and not to any particular provision of this Pledge Agreement.  As used herein, the term "including" means "including, without limitation,". Paragraph headings have been inserted in this Pledge Agreement as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Pledge Agreement and shall not be used in the interpretation of any provision of this Pledge Agreement.

Section 2. Pledge.

(a) Grant of Pledge.  Each Pledgor hereby pledges to the Secured Party, and grants to the Secured Party, in each case, for the ratable benefit of the Beneficiaries, a continuing lien on and security interest in the Pledged Collateral, as defined in Section 2(b) below.  This Pledge Agreement shall secure the prompt performance and payment of all Obligations now or hereafter existing, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for principal, interest, fees, expenses, indemnification, or otherwise (the "Secured Obligations").

(b) Pledged Collateral.  "Pledged Collateral" shall mean all of each Pledgor's right, title, and interest in or to the following, whether now owned or hereafter acquired by such Pledgor:

(i) all of the membership interests listed in the attached Schedule I issued to such Pledgor (the "Membership Interests"), all additional membership interests of any issuer of such Membership Interests hereafter acquired by such Pledgor (collectively with the Membership Interests, the "Pledged Membership Interests"), the certificates (if any) representing the Pledged Membership Interests, all of such Pledgor's rights (both voting and economic), privileges, authority, and powers as a member of the issuer of such Pledged Membership Interests under the applicable limited liability company operating agreement or similar constitutive document of such issuer or under any applicable Requirements of Law, and all rights to money or Property which such Pledgor now has or hereafter acquires in respect of the Pledged Membership Interests,

 

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including, without limitation, (A) any Proceeds from a sale by or on behalf of such Pledgor of any of the Pledged Membership Interests, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or otherwise distributed in respect of the Pledged Membership Interests, whether regular, special or made in connection with the partial or total liquidation of the issuer and whether attributable to profits, the return of any contribution or investment or otherwise attributable to the Pledged Membership Interests or the ownership thereof other than Proceeds, distributions, dividends, cash, instruments and other Property received by such Pledgor in compliance with the Loan Documents (collectively, the "Membership Interest Distributions")

 

(ii) all of the general and limited partnership interests listed in the attached Schedule I issued to such Pledgor (the "Partnership Interests"), all additional limited or general partnership interests of any issuer of such Partnership Interests hereafter acquired by such Pledgor (collectively with the Partnership Interests, the "Pledged Partnership Interests"), the certificates (if any) representing the Pledged Partnership Interests, all of such Pledgor's rights (both voting and economic), privileges, authority, and powers as a limited or general partner of the issuer of such Pledged Partnership Interests under the applicable partnership agreement or limited partnership agreement or similar constitutive document of such issuer or under any applicable Requirements of Law, and all rights to money or property which such Pledgor now has or hereafter acquires in respect of the Pledged Partnership Interests,  including, without limitation, (A) any Proceeds from a sale by or on behalf of such Pledgor of any of the Pledged Partnership Interests, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or otherwise distributed in respect of the Pledged Partnership Interests, whether regular, special or made in connection with the partial or total liquidation of the issuer and whether attributable to profits, the return of any contribution or investment or otherwise attributable to the Partnership Interests or the ownership thereof other than Proceeds, distributions, dividends, cash, instruments and other Property received by such Pledgor in compliance with the Loan Documents (collectively, the "Partnership Interest Distributions");

 

(iii) all of the shares of stock listed in the attached Schedule I issued to such Pledgor (the "Shares"), all additional shares of stock of any issuer of such Shares hereafter issued to such Pledgor (collectively with the Shares, the "Pledged Shares"), the certificates representing the Pledged Shares, all of such Pledgor's rights, privileges, authority, and powers as a shareholder of the issuer of such Pledged Shares under the applicable articles of incorporation, certificate of incorporation, bylaws or similar constitutive documents of such issuer or under any applicable Requirements of Law, and all rights to money or property which such Pledgor now has or hereafter acquires in respect of the Pledged Shares, including, without limitation, (A) any Proceeds from a sale by or on behalf of such Pledgor of any of the Pledged Shares, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or otherwise distributed in respect of the Pledged Shares, whether regular, special or made in

 

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connection with the partial or total liquidation of the issuer and whether attributable to profits, the return of any contribution or investment or otherwise attributable to the Pledged Shares or the ownership thereof other than Proceeds, distributions, dividends, cash, instruments and other Property received by such Pledgor in compliance with the Loan Documents (collectively, the "Pledged Shares Distributions");

    (iv)    all indebtedness listed in the attached Schedule I, owing to such Pledgor from an Affiliate or Subsidiary of such Pledgor, all additional indebtedness hereinafter owing to such Pledgor from an Affiliate or Subsidiary of such Pledgor (collectively, the "Pledged Debt"), any and all instruments evidencing such indebtedness, including promissory notes, bonds, debentures and other debt securities, and all interest, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange, for any or all of the foregoing other than interest, cash, instruments and other property received by such Pledgor in compliance with the Loan Documents (collectively, the "Pledged Debt Distributions");

 

(v)    all of the equity interests in joint venture companies listed in the attached Schedule I issued to such Pledgor (the "JV Interests"), all additional equity interests of any issuer of such JV Interests hereafter issued to such Pledgor (collectively with the JV Interests, the "Pledged JV Interests"), the certificates representing the Pledged JV Interests, all of such Pledgor's rights, privileges, authority, and powers as an equity interest holder of such joint venture companies under the applicable constitutive documents of such joint venture companies or under any applicable Requirements of Law, and all rights to money or property of such Pledgor of any of the Pledged JV Interests which such Pledgor now has or hereafter acquires with respect of the Pledged JV Interests, including, without limitation, (A) any Proceeds from a sale by or on behalf of such Pledgor of any of the Pledged JV Interests, and (B) any distributions, dividends, cash, instruments and other property from time to time received or otherwise distributed in respect of the Pledged JV Interests, whether regular, special or made in connection with the partial or total liquidation of the issuer and whether attributable to profits, the return of any contribution or investments or otherwise attributable to the Pledged JV Interests or the ownership thereof other than Proceeds, distributions, dividends, cash, instruments and other property received by such Pledgor in compliance with the Loan Documents (collectively the "JV Interest Distributions"; together with the Membership Interest Distributions, the Partnership Interest Distributions, the Pledged Shares Distributions, and the Pledged Debt Distributions, the "Distributions"); and

(vi) all additions and accessions to, substitutions and replacements of, and all products and proceeds from the Pledged Collateral described in paragraphs (i), (ii), (iii), (iv) and (v) of this Section 2(b).

(c) Delivery of Pledged Collateral.  All certificates or instruments, if any, representing the Pledged Collateral shall be delivered to the Secured Party and shall be in

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suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignments in blank, all in form and substance reasonably satisfactory to the Secured Party. Each Pledgor shall cause any securities intermediary with custody of any Pledged Collateral to deliver an agreement in form and substance satisfactory to the Secured Party, providing the Secured Party with "control" (as defined in Section 9-106 of the Uniform Commercial Code as in effect in the State of New York) of such Pledged Collateral.  After the occurrence and during the continuance of an Event of Default, the Secured Party shall have the right, upon prior written notice to the Borrower, to transfer to or to register in the name of the Secured Party or any of its nominees any of the Pledged Collateral, subject to the rights specified in Section 2(d).  In addition, after the occurrence and during the continuance of an Event of Default, the Secured Party shall have the right at any time to exchange the certificates or instruments representing the Pledged Collateral for certificates or instruments of smaller or larger denominations.

(d) Rights Retained by Pledgor.  Notwithstanding the pledge in Section 2(a), so long as no Event of Default shall have occurred and be continuing:

(i) or, if an Event of Default shall have occurred and be continuing, until such time thereafter as such voting and other consensual rights have been terminated pursuant to Section 5 hereof, each Pledgor shall be entitled to exercise any voting and other consensual rights pertaining to the Pledged Collateral for any purpose not inconsistent with the terms of this Pledge Agreement or any other Loan Document and for that purpose the Secured Party shall (if any Pledged Collateral shall be registered in the name of the Secured Party or its nominee) execute or cause to be executed from time to time, at the expense of the Pledgors, such proxies or other instruments in favor of such Pledgor or its nominee, in such form and for such purposes as shall be reasonably requested by such Pledgor, to enable it to exercise such voting power with respect to the Pledged Collateral; and

(ii) except as otherwise provided in the Loan Documents, each Pledgor shall be entitled to receive and retain any Distributions, dividends and other distributions paid on or in respect of the Pledged Collateral and the Proceeds of any sale of the Pledged Collateral and all payments of principal and interest on loans and advances made to such Pledgor by the issuer of the Pledged Collateral.

(e) Proxies and Other Instruments.  At the time and during the period in which Secured Party shall have the right to exercise voting rights pursuant to Section 5 hereof, each Pledgor shall execute and deliver (or cause to be executed and delivered) to the Secured Party all proxies and other instruments as the Secured Party may reasonably request to (A) enable the Secured Party to exercise the voting and other rights which such Pledgor is entitled to exercise pursuant to paragraph (d)(i) of this Section 2, and (B) receive the Distributions, dividends or other distributions and Proceeds of sale of the Pledged Collateral and payments of principal and interest which such Pledgor is authorized to receive and retain pursuant to paragraph (d)(ii) of this Section 2.

(f) Limitation on Amount of Secured Obligations.  Notwithstanding anything contained herein to the contrary, it is the intention of each Pledgor and the Secured Party that the

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amount of the Secured Obligations secured by each Pledgor's interests in any of his or its Property shall be in, but not in excess of, the maximum amount permitted by fraudulent conveyance, fraudulent transfer and other similar laws, rules or regulations of any Governmental Authority applicable to such Pledgor.  Accordingly, notwithstanding anything to the contrary contained in this Pledge Agreement or in any other agreement or instrument executed in connection with the payment of any of the Secured Obligations, the amount of the Secured Obligations secured by each Pledgor's interests in any of his or its Property pursuant to this Pledge Agreement shall be limited to an aggregate amount equal to the largest amount that would not render such Pledgor's obligations hereunder or the liens and security interest granted to the Secured Party hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provision of any other applicable law.

Section 3. Pledgor's Representations and Warranties.  Each Pledgor represents and warrants to the Secured Party and the other Beneficiaries, insofar as the same relate to such Pledgor's assets, actions, statements and business, as follows:

(a) The Pledged Shares listed on the attached Schedule I as being owned by such Pledgor (as may be updated pursuant to Section 7(b) from time to time) have been duly authorized and validly issued and are fully paid and nonassessable.

(b) Such Pledgor is the legal and beneficial owner of the Pledged Collateral indicated as being owned by it on Schedule I (as may be updated pursuant to Section 7(b) from time to time), free and clear of any Lien except for Permitted Liens.

(c) No consent of any other Person and no authorization, authentication, approval, or other action by, and no notice to or filing with, any Governmental Authority is required either (i) for the pledge by such Pledgor of the Pledged Collateral pursuant to this Pledge Agreement or for the execution, delivery, or performance of this Pledge Agreement by such Pledgor, (ii) for the validity, perfection, or maintenance of the pledge and security interest created hereby (including the first priority (subject to Permitted Liens) nature thereof), or (iii) for the exercise by the Secured Party of the voting or other rights provided for in this Pledge Agreement or the remedies in respect of the Pledged Collateral pursuant to this Pledge Agreement, except, in each case, (x) as may be required in connection with such disposition by laws affecting the offering and sale of securities generally, (y) those consents, authentications, approvals, authorizations, actions, notices or filings which have been duly obtained or made in respect of the Pledged Collateral, and (z) in the case of the maintenance of perfection, (I) the filing of continuation statements under the UCC and (II) the taking of actions necessary to give the Secured Party possession or control of Pledged Collateral to the extent such possession or control is necessary to perfect a security interest in such Pledged Collateral under the UCC.

(d) Such Pledgor has the full right, power and authority to deliver, pledge, assign and transfer the Pledged Collateral to the Secured Party.

(e) The Membership Interests listed on Schedule I (as may be updated pursuant to Section 7(b) from time to time) constitute the percentage ownership of the issued and outstanding membership interests of the respective issuer thereof reflected on Schedule I and all Membership Interests in which such Pledgor has any ownership interest.  The Partnership

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Interests listed on the attached Schedule I (as may be updated pursuant to Section 7(b) from time to time) constitute the percentage ownership of the issued and outstanding partnership interests of the respective issuer thereof reflected on Schedule I and all Partnership Interests in which such Pledgor has any ownership interest.  The Shares listed on the attached Schedule I (as may be updated pursuant to Section 7(b) from time to time) constitute the percentage ownership of the issued and outstanding shares of capital stock of the respective issuer thereof reflected on Schedule I and all Shares in which such Pledgor has any ownership interest.  The JV Interests listed on Schedule I (as may be updated pursuant to Section 7(b) from time to time) constitute the percentage ownership of the JV Interests in which such Pledgor has any ownership interest reflected on Schedule I.

(f) The name of such Pledgor set forth on the signature pages to this Pledge Agreement is the exact legal name of such Pledgor.

(g) The representations and warranties made by such Pledgor in the Credit Agreement and the other Loan Documents are true and correct in all material respects, provided that such materiality qualifier shall not apply if such representation or warranty is already subject to a materiality qualifier in Article IV of the Credit Agreement or such other Loan Document, as though made on and as of the date hereof, except for representations and warranties which are expressly stated to be as of a specific date, which representations are true and correct as of such date.

Section 4. Pledgors' Covenants.  During the term of this Pledge Agreement and until Payment in Full, each Pledgor covenants and agrees with the Secured Party and the other Beneficiaries that:

(a) Protect Collateral.  Such Pledgor will warrant and defend the rights and title herein granted unto the Secured Party in and to the Pledged Collateral (and all right, title, and interest represented by the Pledged Collateral) against the claims and demands of all Persons whomsoever (other than Permitted Liens).

(b) Transfer, Other Liens, and Additional Shares.  Such Pledgor will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral, or (ii) create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for the Permitted Liens.  Such Pledgor further agrees that it will (A) cause each issuer of the Pledged Collateral not to issue any other membership interests, partnership interests, capital stock, or other securities in addition to or in substitution for the Pledged Collateral issued by such issuer, except to such Pledgor or another Loan Party; and (B) pledge hereunder, immediately upon its acquisition (directly or indirectly) thereof, any additional membership interests, partnership interests, capital stock, joint venture interests or other securities of an issuer of the Pledged Collateral.  Such Pledgor shall not approve any amendment or modification of any of the Pledged Collateral unless such amendment or modification would not violate the provisions of the Credit Agreement or the other Loan Documents.  

(c) Change of Name; Jurisdiction of Formation.  Such Pledgor shall give the Secured Party at least five (5) days' prior written notice before it (x) changes the location of its jurisdiction of formation or organization or (y) uses a trade name other than its current name

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used on the date hereof.  Other than as permitted by Section 7.11 of the Credit Agreement, such Pledgor shall not amend, supplement, modify or restate its articles or certificate of incorporation, bylaws, limited liability company agreement, or other equivalent organizational documents, nor amend its name without the prior written consent of the Secured Party, which consent shall not be unreasonably withheld, conditioned, or delayed.

(d) Further Assurances.  Such Pledgor agrees that, from time to time, at its sole cost and expense, it will promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary or desirable, or that the Secured Party may reasonably request, in order to perfect, maintain and protect any pledge, assignment or security interest granted, intended or purported to be granted hereby or to enable the Secured Party to exercise and enforce its rights and remedies hereunder with respect to any Pledged Collateral.

(e) Covenants in Credit Agreement. Such Pledgor agrees to comply with all covenants in the Credit Agreement applicable to it.

Section 5. Remedies upon Default.  If any Event of Default shall have occurred and be continuing:

(a) UCC Remedies.  To the extent permitted by law, the Secured Party may exercise in respect of the Pledged Collateral, in addition to other rights and remedies provided for in this Pledge Agreement or otherwise available to it, all the rights and remedies of a secured party under the UCC (whether or not the UCC applies to the affected Pledged Collateral).  This Pledge Agreement shall not be construed to authorize the Secured Party to take any action prohibited by the UCC or to constitute a waiver by any Pledgor of any right that the UCC does not permit such Pledgor to waive.

(b) Dividends and Other Rights.

(i) All rights of any Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 2(d)(i) may be exercised by the Secured Party if the Secured Party so elects and gives written notice of such election to such Pledgor and all rights of such Pledgor to receive the Distributions, dividends and other distributions on or in respect of the Pledged Collateral and the proceeds of sale of the Pledged Collateral which it would otherwise be authorized to receive and retain pursuant to Section 2(d)(ii) shall cease at such time as such written notice is deemed effective pursuant to the provisions of the Credit Agreement related to effectiveness of notices.

(ii) All Distributions, dividends and other distributions on or in respect of the Pledged Collateral and the proceeds of sale of the Pledged Collateral that are thereafter received by any Pledgor shall be received in trust for the benefit of the Beneficiaries, shall be segregated from other funds of such Pledgor, and shall be promptly paid over to the Secured Party as Pledged Collateral in the same form as so received (with any necessary indorsement).

 

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(c) Sale of Pledged Collateral. The Secured Party may sell all or part of the Pledged Collateral at public or private sale, at any of the Secured Party's offices or elsewhere, for cash, on credit, or for future delivery, and upon such other terms as may be commercially reasonable in accordance with applicable laws.  Each Pledgor agrees that to the extent permitted by law such sales may be made without notice.  If notice is required by law, each Pledgor hereby deems seven (7) Business Days' advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable.  The Secured Party shall not be obligated to make any sale of the Pledged 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.  Each Pledgor shall cooperate fully with the Secured Party in all respects in selling or realizing upon all or any part of the Pledged Collateral under this Section 5(c).  In addition, each Pledgor shall fully comply with federal and state securities laws and take such actions as may be necessary to permit the Secured Party to sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws; provided, that Pledgor shall not be required to undertake to register any Pledged Collateral with the Securities and Exchange Commission or any state securities commission.

(d) Exempt Sale.  If, in the opinion of the Secured Party, there is any question that a public or semipublic sale or distribution of any Pledged Collateral will violate any state or federal securities law, the Secured Party in its discretion (i) may offer and sell securities privately in one or more transactions exempt from federal or state registration to purchasers who will agree to take them for investment purposes and not with a view to distribution and who will agree to imposition of restrictive legends on the certificates representing the security, or (ii) may sell such securities in an intrastate offering under the Securities Act of 1933, as amended, and no sale so made in good faith by the Secured Party shall be deemed to be not "commercially reasonable" solely because so made.  Each Pledgor shall cooperate fully with the Secured Party in all reasonable respects in selling or realizing upon all or any part of the Pledged Collateral under this Section 5(d).

(e) Application of Collateral. The proceeds of any sale, or other realization upon all or any part of the Pledged Collateral pledged by each Pledgor shall be applied by the Secured Party as set forth in Section 2.13(c) of the Credit Agreement.

(f) Cumulative Remedies.  No right, power or remedy herein conferred upon or reserved to the Secured Party or any Beneficiary is intended to be exclusive of any right, power or remedy and every such right, power and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right, power and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder or otherwise shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.  Resort to any or all security now or hereafter held by the Secured Party or any beneficiary may be taken concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial proceedings, or both.  No failure on the part of the Secured Party or any other Beneficiary to exercise, and no delay or omission by such Person in exercising, and no course of dealing with respect to, any right, power

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or remedy shall impair or be deemed a waiver of any such right, power or remedy or shall be construed to be a waiver of any Event of Default or an acquiescence to any Event of Default.  Each right, power and remedy given by this Pledge Agreement may be exercised from time to time, and as often as shall be deemed expedient, by the Secured Party in its sole discretion.  The rights, remedies, powers and privileges herein provided in this Pledge Agreement are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law

Section 6. Secured Party as Attorney-in-Fact for Pledgors.

(a) Secured Party Appointed Attorney-in-Fact.  Each Pledgor hereby irrevocably appoints the Secured Party, acting for and on behalf of itself and the Beneficiaries, and each successor or assign of the Secured Party and the Beneficiaries, as such Pledgor's attorney-in-fact, with full authority after the occurrence and during the continuance of an Event of Default to act for such Pledgor and in the name of such Pledgor, and, in the Secured Party's discretion, subject to such Pledgor's revocable rights specified in Section 2(d), to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including, without limitation, to receive, indorse, and collect all instruments made payable to the Pledgor representing the proceeds of the sale of the Pledged Collateral, or any Distribution in respect of the Pledged Collateral and to give full discharge for the same.  EACH PLEDGOR HEREBY ACKNOWLEDGES, CONSENTS AND AGREES THAT THE POWER OF ATTORNEY GRANTED PURSUANT TO THIS SECTION IS IRREVOCABLE AND COUPLED WITH AN INTEREST.

(b) Secured Party May Perform.  The Secured Party may from time to time, at its option, perform any act which any Pledgor has agreed hereunder to perform and which such Pledgor shall fail to perform reasonably promptly after being requested so to perform (it being understood that no such request need be given after the occurrence and during the continuance of any Event of Default and after notice thereof by the Secured Party to such Pledgor) and the Secured Party may from time to time take any other action which the Secured Party reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its security interest therein, and the expenses of the Secured Party incurred in connection therewith shall be part of the Secured Obligations and shall be secured thereby.

(c) Secured Party Has No Duty.  The powers conferred on the Secured Party hereunder are solely to protect its interest in the Pledged Collateral and shall not impose any duty on it to exercise any such powers.  Except for reasonable care of any Pledged Collateral in its possession and the accounting for moneys actually received by it hereunder, the Secured Party shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral.

(d) Reasonable Care.  The Secured Party shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially similar to that which the Secured Party accords its own property, it being understood that the Secured Party shall have no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders, or other matters relative to any Pledged Collateral, whether or not the Secured Party has

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or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Section 7. Miscellaneous.

(a) Expenses.  Each Pledgor will upon demand pay to the Secured Party for its benefit and the benefit of the Beneficiaries the amount of any reasonable out-of-pocket costs and expenses, including the reasonable fees and disbursements of its counsel and of any experts, which the Secured Party or any Beneficiary may incur in connection with (i) the custody, preservation, use, or operation of, or the sale, collection, or other realization of, any of the Pledged Collateral in accordance with this Pledge Agreement, (ii) the exercise or enforcement of any of the rights of the Secured Party or the Beneficiaries hereunder, and (iii) the failure by any Pledgor to perform or observe any of the provisions hereof.

(b) Amendments, Supplements, Joinders, Etc.  No amendment or waiver of any provision of this Pledge Agreement nor consent to any departure by any Pledgor herefrom shall be effective unless made in writing and authenticated by each Pledgor and the Secured Party.  Any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.  This Pledge Agreement and Schedule I hereto may be supplemented to add additional Pledgors or Pledged Collateral by means of a supplement or joinder signed by the appropriate Pledgor and the Secured Party in the form of Annex I, upon the execution of which such additional Pledgor shall become a Pledgor hereunder with the same force and effect as if originally named as a Pledgor herein.  The execution and delivery of any instrument adding an additional Pledgor as a party to this Pledge Agreement shall not require the consent of any other Pledgor hereunder.  The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Pledgor as a party to this Pledge Agreement.  Schedule I to this Pledge Agreement may be updated from time to time to reflect the correct Pledged Collateral after giving effect to an acquisition, or to an Asset Disposition conducted in accordance with Section 6.04 of the Credit Agreement, by delivery by the Borrower to the Secured Party of an updated Schedule I in form and substance reasonably satisfactory to the Secured Party.

(c) Addresses for Notices.  All notices and other communications provided for hereunder shall be sent in the manner provided for in Section 10.11 of the Credit Agreement and if to any Pledgor, at the address set forth on Schedule II hereto, and if to the Secured Party, at its address specified in or pursuant to the Credit Agreement.  All such notices and communications shall be effective as provided in Section 10.11 of the Credit Agreement.

(d) Continuing Security Interest; Transfer of Interest.  This Pledge Agreement shall create a continuing security interest in the Pledged Collateral and, unless expressly released by the Secured Party, shall (i) remain in full force and effect until Payment in Full, (ii) be binding upon the Pledgors and their successors, transferees and assigns, and (iii) inure, together with the rights and remedies of the Secured Party and the Beneficiaries hereunder, to the benefit of and be binding upon, the Secured Party and its successors, transferees, and assigns permitted in accordance with the Credit Agreement, for the benefit of the Beneficiaries.  Without limiting the generality of the foregoing clause, when any Secured Party assigns or otherwise transfers any interest held by it under the Credit Agreement or other Loan Document to any other Person

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pursuant to and in accordance with the terms of the Credit Agreement or such other Loan Document, that other Person shall thereupon become vested with all the benefits held by such Secured Party under this Pledge Agreement.

(e) Termination of Security Interest.  Upon Payment in Full, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to the Pledgors to the extent such Pledged Collateral shall not have been sold or otherwise applied pursuant to the terms hereof.  Upon any such termination, the Secured Party will, at the Borrower's expense, deliver all Pledged Collateral to the applicable Pledgor, execute and deliver to the Pledgors such documents as the Pledgors shall reasonably request and take any other actions reasonably requested to evidence or effect such termination.

(f) Waivers.  Each Pledgor hereby waives:

(i) promptness, diligence, notice of acceptance, and any other notice with respect to any of the Secured Obligations and this Pledge Agreement;

(ii) any requirement that the Secured Party protect, secure, perfect, or insure any Lien or any property subject thereto or exhaust any right or take any action against any Pledgor or any other Person or any collateral; and

(iii) any duty on the part of the Secured Party to disclose to any Pledgor any matter, fact, or thing relating to the business, operation, or condition of such Pledgor and his or its respective assets now known or hereafter known by such Person.

(g) INDEMNITY.  EACH PLEDGOR SHALL (AND HEREBY DOES) INDEMNIFY EACH INDEMNITEE (AS DEFINED IN THE CREDIT AGREEMENT) AGAINST, AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LIABILITIES THAT MAY BE IMPOSED ON, INCURRED BY OR ASSERTED AGAINST ANY SUCH INDEMNITEE RELATING TO OR ARISING OUT OF, IN CONNECTION WITH OR AS A RESULT OF ANY INDEMNIFIED MATTER (AS DEFINED IN THE CREDIT AGREEMENT);  PROVIDED, HOWEVER, THAT NO PLEDGOR SHALL HAVE ANY LIABILITY UNDER THIS SECTION 7(G) TO ANY INDEMNITEE WITH RESPECT TO ANY INDEMNIFIED MATTER TO THE EXTENT ANY SUCH LIABILITY HAS RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE, AS DETERMINED BY A COURT OF COMPETENT JURISDICTION IN A FINAL NON-APPEALABLE JUDGMENT OR ORDER.

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE SECURED PARTY AND EACH PLEDGOR SHALL NOT ASSERT, AND HEREBY WAIVES, ANY CLAIM AGAINST ANY INDEMNITEE AND THE OTHER PARTIES HERETO, ON ANY THEORY OF LIABILITY, FOR SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL DAMAGES) ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF, THIS PLEDGE AGREEMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY, THE TRANSACTIONS CONTEMPLATED HEREBY, ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE

Page 12 of 26

PROCEEDS THEREOF.  NO INDEMNITEE SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY UNINTENDED RECIPIENTS OF ANY INFORMATION OR OTHER MATERIALS DISTRIBUTED BY IT THROUGH TELECOMMUNICATIONS, ELECTRONIC OR OTHER INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS PLEDGE AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY UNLESS DUE TO ITS GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS DETERMINED IN A FINAL, NONAPPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION.

ALL AMOUNTS DUE UNDER THIS SECTION 7(g) SHALL BE PAYABLE WITHIN TEN (10) BUSINESS DAYS AFTER DEMAND THEREFOR.  THE AGREEMENTS IN THIS SECTION SHALL SURVIVE THE REPLACEMENT OF THE SECURED PARTY, THE TERMINATION OF THE CREDIT AGREEMENT AND THE COMMITMENTS AND THE PLEDGE AGREEMENT AND THE REPAYMENT, SATISFACTION OR DISCHARGE OF ALL THE OTHER OBLIGATIONS.

(h) Right of Set‐Off.  If an Event of Default shall have occurred and be continuing, the each Beneficiary and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Beneficiary or any such Affiliate to or for the credit or the account of any Pledgor against any and all of the obligations of such Pledgor now or hereafter existing under this Pledge Agreement to such Beneficiary, irrespective of whether or not such Beneficiary shall have made any demand under this Pledge Agreement and although such obligations of such Pledgor may be contingent or unmatured or are owed to a branch or office of such Beneficiary different from the branch or office holding such deposit or obligated on such indebtedness.  The rights of each Beneficiary and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Beneficiary or its Affiliates may have.  Each Beneficiary agrees to notify such Pledgor promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

(i) Severability.  If any provision of this Pledge Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Pledge Agreement shall not be affected or impaired thereby and (b) the parties hereto shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

(j) Choice of Law.  This Pledge Agreement shall be governed by and construed in accordance with the laws of the State of New York, except to the extent that the validity or perfection of the security interests hereunder, or remedies hereunder, in respect of any particular Pledged Collateral are governed by the laws of a jurisdiction other than the State of New York.

(k) CONSENT TO JURISDICTION.

Page 13 of 26

(i) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS PLEDGE AGREEMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS PLEDGE AGREEMENT, EACH PARTY CONSENTS, FOR ITSELF AND IN RESPECT OF HIS OR ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS.  EACH PARTY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS PLEDGE AGREEMENT OR OTHER DOCUMENT RELATED HERETO.  EACH PARTY WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE.

(ii) Nothing in this Section 7(k) shall affect the right of any party to serve legal process in any other manner permitted by law or affect the right of any party to bring any action or proceeding against any other party in the courts of any other jurisdiction.

(l) WAIVER OF JURY TRIAL.  EACH PARTY TO THIS PLEDGE AGREEMENT HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS PLEDGE AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS PLEDGE AGREEMENT, OR THE TRANSACTIONS RELATED HERETO, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS PLEDGE AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

(m) Lien Absolute.  To the maximum extent permitted by law, all rights of the Secured Party and the other Beneficiaries and the security interests and liens hereunder, and all obligations of the Pledgors hereunder, shall be absolute and unconditional, irrespective of:

(i) Any lack of validity, regularity or enforceability of any of the Obligations, the Credit Agreement, any of the other Loan Documents, or any other agreement or instrument relating thereto;

(ii) Any change in the time, manner or place of payment of, or in any other term of, any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, or any of the other Loan

 

Page 14 of 26

	

	
Documents, including, without limitation, any increase in any of the Obligations resulting from the extension of additional credit to the Borrower or otherwise;

(iii) Any taking, exchange, release or nonperfection of any of the Pledged Collateral, or any taking, release or amendment or waiver of or consent to departure from any guaranty, for any of the Obligations;

(iv) Any manner of application of proceeds of the Pledged Collateral to any of the Obligations, or any manner of sale or other disposition of any of the Pledged Collateral or of any assets or property of any of the Pledgors;

(v) Any change, restructuring or termination of the structure or existence of any Pledgor; or

(vi) Any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor or a third-party assignor or grantor of a security interest in or lien on assets or property other than the Pledged Collateral.

(n) Counterparts.  This Pledge Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart signature page by electronic mail or facsimile is as effective as executing and delivering this Pledge Agreement in the presence of the other parties to this Pledge Agreement.  In proving this Pledge Agreement, a party must produce or account only for the executed counterpart of the party to be charged.

(o) Reserved.1

(p) Payments Free of Taxes. Any and all payments by or on account of any Secured Obligation hereunder shall be made free and clear of and without reduction or withholding for any Taxes, provided that if any Pledgor shall be required by any Requirements of Law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) each Beneficiary receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Pledgor shall make such deductions and (iii) such Pledgor shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with Requirements of Law. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Pledgor to a Governmental Authority, such Pledgor shall deliver to the applicable Beneficiaries the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to such Beneficiaries.

(q) Conflicts.  In the event of any explicit or implicit conflict between any provision of this Pledge Agreement and any provisions of the Credit Agreement, the terms of the Credit Agreement shall be controlling.

1 The deleted provision is covered by Section 10.8 of the Credit Agreement.

Page 15 of 26

(r) Integration.  THIS PLEDGE AGREEMENT AND THE OTHER LOAN DOCUMENTS ARE THE FINAL EXPRESSION OF THE AGREEMENT BETWEEN THE PARTIES.  THIS PLEDGE AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENT OR OF ANY CONTEMPORANEOUS ORAL AGREEMENT BETWEEN THE PARTIES. ANY AND ALL SUCH PRIOR OR CONTEMPORANEOUS ORAL AGREEMENTS ARE EXPRESSLY SUPERSEDED BY THIS PLEDGE AGREEMENT AND THE LOAN DOCUMENTS. THE PARTIES TO THIS AGREEMENT HEREBY ACKNOWLEDGE AND AFFIRM THAT NO UNWRITTEN ORAL AGREEMENT BETWEEN THE PARTIES EXISTS.

(s) Reinstatement.  If, at any time after Payment in Full of all Secured Obligations and termination of the Secured Party's security interest, any payments on the Secured Obligations previously made must be disgorged by any Beneficiary for any reason whatsoever, including, without limitation, the insolvency, bankruptcy or reorganization of any Pledgor or any other Person, this Pledge Agreement and the Secured Party's security interests herein shall be reinstated as to all disgorged payments as though such payments had not been made, and each Pledgor shall sign and deliver to the Secured Party all documents, and shall do such other acts and things, as may be necessary to reinstate and perfect the Secured Party's security interest.

 [Signature Pages Follow.]

Page 16 of 26

The parties hereto have caused this Pledge Agreement to be duly executed as of the date first above written.

 

	 	 	
PLEDGORS:

	 	 	 
	 	 	
CINEDIGM CORP.

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
ADM CINEMA CORPORATION

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Gary S. Loffredo
	 	 	 	
Name: Gary S. Loffredo

	 	 	 	
Title: Secretary, General Counsel

	 	 	 
	 	 	
VISTACHIARA PRODUCTIONS, INC.

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
VISTACHIARA ENTERTAINMENT, INC.

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
CINEDIGM ENTERTAINMENT CORP.

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

 

Page 17 of 26

 

 

	 	 	
CINEDIGM ENTERTAINMENT HOLDINGS, LLC

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
CINEDIGM HOME ENTERTAINMENT, LLC

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
DOCURAMA, LLC

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
DOVE FAMILY CHANNEL, LLC

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
CINEDIGM OTT HOLDINGS, LLC

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

	 	 	 
	 	 	
CINEDIGM PRODUCTIONS, LLC

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Christopher J. McGurk
	 	 	 	
Name: Christopher J. McGurk

	 	 	 	
Title: Chief Executive Officer

 

Page 18 of 26

 

 

	 	 	
SECURED PARTY:

	 	 	 
	 	 	
CIT BANK, N.A., as Collateral Agent

	 	 	 	 
	 	 	 	 
	 	 	
By:

	/s/ Andrew Giangrave
	 	 	
Name:

	Andrew Giangrave
	 	 	
Title:

	Managing Director

Page 19 of 26

 

SCHEDULE I

 PLEDGED COLLATERAL

I. Membership Interests

	
Pledgor

	
Issuer

	
% of Membership 

 Interest Owned

	
Cinedigm Corp.

	
Cinedigm Entertainment Holdings, LLC

	
100%

	
Cinedigm Entertainment Holdings, LLC

	
Cinedigm Home Entertainment, LLC

	
100%

	
Cinedigm Entertainment Corp.

	
Con TV, LLC

	
85%

	
Cinedigm Entertainment Corp.

	
Docurama, LLC

	
100%

	
Cinedigm Entertainment Corp.

	
Dove Family Channel, LLC

	
100%

	
Cinedigm Entertainment Corp.

	
Cinedgim OTT Holdings, LLC

	
100%

	
Cinedigm Entertainment Corp.

	
Cinedigm Productions, LLC

	
100%

II. Partnership Interests

	
Pledgor

	
Issuer

	
Type of Partnership Interest

	
% of Partnership 

 Interest Owned

	
N/A

	
N/A

	
N/A

	
N/A

 

III. Shares

	
Pledgor

	
Issuer

	
State or Country 

 of Organization (Issuer)

	
Class of 

 Stock

	
Certificate(s) 

 No(s).

	
Number 

 of Shares

	
Cinedigm Corp.

	
ADM Cinema Corporation

	
Delaware

	
Common

	
1

	
1,000

	
Cinedigm Corp.

	
Vistachiara Productions Inc.

	
Delaware

	
Common

	
1

	
100

	
Cinedigm Corp.

	
Vistachiara Entertainment, Inc.

	
Delaware

	
Common

	
10

	
100

	
Cinedigm Corp.

	
Cinedigm Entertainment Corp.

	
New York

	
Common

	
11

	
100

Page 20 of 26

IV. Intercompany Indebtedness

	
1.

	
Subordinated Promissory Note, dated as of January 16, 2013, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
2.

	
Subordinated Promissory Note, dated as of December 19, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
3.

	
Subordinated Promissory Note, dated as of October 24, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
4.

	
Subordinated Promissory Note, dated as of October 16, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
5.

	
Subordinated Promissory Note, dated as of August 31, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
6.

	
Subordinated Promissory Note, dated as of July 31, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
7.

	
Subordinated Promissory Note, dated as of June 29, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
8.

	
Subordinated Promissory Note, dated as of April 30, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
9.

	
Subordinated Promissory Note, dated as of March 30, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
10.

	
Subordinated Promissory Note, dated as of February 29, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

	
11.

	
Subordinated Promissory Note, dated as of January 31, 2012, executed by CDF2 Holdings, LLC in favor of Cinedigm Corp. (f/k/a Cinedigm Digital Cinema Corp.)

V. Joint Venture Interests

   N/A

Page 21 of 26

Annex 1 to the Pledge Agreement

SUPPLEMENT NO.  _____  dated as of _____________, 20___ (the "Supplement"), to the Pledge Agreement dated as of July 14, 2016 (as amended, supplemented or otherwise modified from time to time, the "Pledge Agreement") by and among Cinedigm Corp., a Delaware corporation (the "Borrower"), ADM Cinema Corporation (d/b/a the Pavilion Theatre), a Delaware corporation ("ADM"); Vistachiara Productions Inc. (d/b/a The Bigger Picture) a Delaware corporation ("VPI"); Vistachiara Entertainment, Inc. a Delaware corporation ("VEI"); Cinedigm Entertainment Corp. a New York corporation ("CEC"); Cinedigm Entertainment Holdings, LLC, a Delaware limited liability company ("CEH"); Cinedigm Home Entertainment, LLC, a Delaware limited liability company ("CHE"); Docurama, LLC, a Delaware limited liability company ("Docurama"); Dove Family Channel, LLC, a Delaware limited liability company ("Dove"); Cinedigm OTT Holdings, LLC, a Delaware limited liability company ("OTT"), Cinedigm Productions, LLC, a Delaware limited liability company ("Productions," and together with the Borrower, ADM, VPI, VEI, CEC, CEH, CHE, Docurama, Dove, and OTT, the "Pledgors" and each, a "Pledgor"), and CIT Bank, N.A., as Collateral Agent (the "Secured Party"), for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement referred to below, and referred to herein, the "Beneficiaries").

RECITALS

A. Reference is made to that certain Second Amended and Restated Credit Agreement dated as of April 29, 2015 (as amended, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement") by and among the Borrower, Société Générale, as the Administrative Agent, the Secured Party, and the Lenders from time to time party thereto.

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Pledge Agreement and the Credit Agreement.

C. Section 7(b) of the Pledge Agreement provides that additional Persons may become Pledgors under the Pledge Agreement by execution and delivery of an instrument in the form of this Supplement.  The undersigned (the "New Pledgor") is executing this Supplement to become a Pledgor under the Pledge Agreement.

D. Each New Pledgor will derive substantial direct and indirect benefit from the transactions contemplated by the Credit Agreement and the other Loan Documents.

Accordingly, the Secured Party and the New Pledgor agree as follows:

SECTION 1. In accordance with Section 7(b) of the Pledge Agreement, the New Pledgor by its signature below becomes a Pledgor under the Pledge Agreement with the same force and effect as if originally named therein as a Pledgor and the New Pledgor hereby agrees (a) to all the terms and provisions of the Pledge Agreement applicable to it as a Pledgor thereunder and (b) represents and warrants that the representations and warranties made by it as a Pledgor thereunder are true and correct on and as of the date hereof in all material respects.  In furtherance of the foregoing, the New Pledgor, as security for the payment and performance in

Page 22 of 26

full of the Secured Obligations (as defined in the Pledge Agreement), does hereby create and grant to the Secured Party, for the ratable benefit of the Beneficiaries, a continuing security interest in and lien on all of the New Pledgor's right, title and interest in and to the Pledged Collateral (as defined in the Pledge Agreement) of the New Pledgor.  Each reference to a "Pledgor" in the Pledge Agreement shall be deemed to include the New Pledgor.  The Pledge Agreement is hereby incorporated herein by reference.

SECTION 2. The New Pledgor represents and warrants to the Secured Party and the other Beneficiaries that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

SECTION 3. This Supplement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  This Supplement shall become effective when the Secured Party shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New Pledgor and the Secured Party.  Delivery of an executed signature page to this Supplement by electronic mail or facsimile transmission or by electronic mail shall be as effective as delivery of a manually signed counterpart of this Supplement.

SECTION 4. The New Pledgor hereby represents and warrants that set forth on Schedule I attached hereto is a true and correct schedule of all its Membership Interests, Partnership Interests, Shares, intercompany indebtedness and JV Interests, as each term is defined in the Pledge Agreement.

SECTION 5. Except as expressly supplemented hereby, the Pledge Agreement shall remain in full force and effect.

SECTION 6. This supplement shall be governed by and construed in accordance with the laws of the State of New York, except to the extent that the validity or perfection of the security interests hereunder, or remedies hereunder, in respect of any particular Pledged Collateral are governed by the laws of a jurisdiction other than the State of New York.

SECTION 7. If any provision of this Supplement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Supplement shall not be affected or impaired thereby and (b) the parties hereto shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

Page 23 of 26

SECTION 8. All communications and notices hereunder shall be in writing and given as provided in the Pledge Agreement.  All communications and notices hereunder to the New Pledgor shall be given to it at the address set forth under its signature hereto.

SECTION 9. The New Pledgor agrees to reimburse the Secured Party for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Secured Party.

SECTION 10. THIS SUPPLEMENT, THE PLEDGE AGREEMENT, AND THE OTHER LOAN DOCUMENTS ARE THE FINAL EXPRESSION OF THE AGREEMENT BETWEEN THE PARTIES.  THIS SUPPLEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENT OR OF ANY CONTEMPORANEOUS ORAL AGREEMENT BETWEEN THE PARTIES. ANY AND ALL SUCH PRIOR OR CONTEMPORANEOUS ORAL AGREEMENTS ARE EXPRESSLY SUPERSEDED BY THIS SUPPLEMENT, THE PLEDGE AGREEMENT AND THE OTHER LOAN DOCUMENTS. THE PARTIES TO THE PLEDGE AGREEMENT HEREBY ACKNOWLEDGE AND AFFIRM THAT NO UNWRITTEN ORAL AGREEMENT BETWEEN THE PARTIES EXISTS.

[SIGNATURES PAGES FOLLOW]

Page 24 of 26

IN WITNESS WHEREOF, the New Pledgor and the Secured Party have duly executed this Supplement to the Pledge Agreement as of the day and year first above written.

	 	 	
NEW PLEDGOR:

	 	 	 
	 	 	
[_____________________________________]

	 	 	 	 
	 	 	 	 
	 	 	
By:

	 
	 	 	
Name:

	 
	 	 	
Title:

	 
	 	 	 
	 	 	
SECURED PARTY:

	 	 	 
	 	 	
CIT BANK, N.A., as Collateral Agent

	 	 	 	 
	 	 	 	 
	 	 	
By:

	 
	 	 	
Name:

	 
	 	 	
Title:

	 

 

Page 25 of 26

Schedule I

Supplement No. ____ to the Pledge Agreement

SCHEDULE I

 PLEDGED COLLATERAL

I. Membership Interests

	
Pledgor

	
Issuer

	
% of Membership 

 Interest Owned

	 	 	 

II. Partnership Interests

	
Pledgor

	
Issuer

	
Type of Partnership 

 Interest

	
% of Partnership 

 Interest Owned

	 	 	 	 

III. Shares

	
Pledgor

	
Issuer

	
State or Country 

of Organization 

 (Issuer)

	
Class of S

 tock

	
Certificate(s) 

 No(s).

	
Number 

of 

 Shares

	 	 	 	 	 	 

IV. Intercompany Indebtedness

    [________]

V. Joint Venture Interests

   [________]

Page 26 of 26

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