Document:

ex10-7.htm

Exhibit 10.7

 

TRADEMARK SECURITY AGREEMENT

 

SECURITY AGREEMENT (the “Agreement”) made as of this 15th day of July 2010 by APDN (B.V.I.), INC. (“Grantor”), in favor of ETICO CAPITAL, LLC, as Agent (“Grantee”).

 

W I T N E S S E T H

 

WHEREAS, pursuant to the terms of a certain Security Agreement of even date herewith between Grantor and Grantee (as the same may be amended or otherwise modified from time to time, the “Security Agreement”), Grantor has granted to Grantee, as agent for the Buyers (as defined in the Security Agreement) a security interest in substantially all of the assets of Grantor including all right, title and interest of Grantor in, to and under all now owned and hereafter acquired Trademarks (as defined in the Security Agreement), and all products and proceeds thereof, to secure the payment of the Obligations (as defined in the Security Agreement).

 

NOW, THEREFORE, for other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged, Grantor agrees as follows:

 

1.    Incorporation of Security Agreement.  The Credit Agreement and Security Agreement and the terms and provisions thereof are hereby incorporated herein in their entirety by this reference thereto.  All terms capitalized but not otherwise defined herein shall have the same meanings herein as in the Security Agreement.

 

2.    Grant and Reaffirmation of Grant of Security Interests.  To secure the payment and performance of the Obligations, Grantor hereby grants to Grantee, and hereby reaffirms its prior grant pursuant to the Security Agreement of, a continuing security interest in Grantor’s entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Trademark Collateral”), whether now owned or existing or hereafter created, acquired or arising: (i) each Trademark listed on Schedule 1 annexed hereto, together with any reissues, continuations or extensions thereof, and all of the goodwill of the business connected with the use of, and symbolized by, each Trademark; and (ii) all products and proceeds of the forgoing, including without limitation, any claim by Grantor against third parties for past, present or future (a) infringement or dilution of any Trademark, or (b) injury to the goodwill associated with any Trademark.

 

 

 

 

 

SIGNATURE PAGE TO TRADEMARK SECURITY AGREEMENT

 

IN WITNESS WHEREOF, Grantor has duly executed this Agreement as of the date first written above.

	 	 	 
	 	 	 
	 	APDN (B.V.I.), INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Dr. James A. Hayward	 
	 	Name:  Dr. James A. Hayward	 
	 	Title:   President and Chief Executive Officer	 
	 	 	 	 
	 	
Accepted and Agreed as of the date first above written:

	 
	 	 	 
	 	ETICO CAPITAL, LLC, as Collateral Agent	 

	 	 	 	 
	
 

	
By: 

	/s/ Scott A. Weisman	 
	 	Name:  Scott A. Weisman	 
	 	Title:    Managing Director	 

 

  

2

  

 

SCHEDULE 1

 

TRADEMARK REGISTRATIONS

 

	
Trademark Description

	 	
U.S. Registration/Application No.

	 	
Date Registered/Applied For

	 	 	 	 	 
	
SIGNATURE

	 	
3482366

	 	
8/19/08

 

 

 

 

3ex10-8.htm

Exhibit 10.8

 

TRADEMARK SECURITY AGREEMENT

 

SECURITY AGREEMENT (the “Agreement”) made as of this 15th day of July 2010 APDN (B.V.I.) INC., a corporation organized under the laws of the British Virgin Islands and successor in interest by merger to RIXFLEX HOLDINGS LIMITED, a corporation organized under the laws of the British Virgin Islands (“Grantor”), in favor of ETICO CAPITAL, LLC, as Agent (“Grantee”).

 

W I T N E S S E T H

 

WHEREAS, pursuant to the terms of a certain Security Agreement of even date herewith between Grantor and Grantee (as the same may be amended or otherwise modified from time to time, the “Security Agreement”), Grantor has granted to Grantee, as agent for the Buyers (as defined in the Security Agreement) a security interest in substantially all of the assets of Grantor including all right, title and interest of Grantor in, to and under all now owned and hereafter acquired Trademarks (as defined in the Security Agreement), and all products and proceeds thereof, to secure the payment of the Obligations (as defined in the Security Agreement).

 

NOW, THEREFORE, for other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged, Grantor agrees as follows:

 

1.   Incorporation of Security Agreement.  The Credit Agreement and Security Agreement and the terms and provisions thereof are hereby incorporated herein in their entirety by this reference thereto.  All terms capitalized but not otherwise defined herein shall have the same meanings herein as in the Security Agreement.

 

2.   Grant and Reaffirmation of Grant of Security Interests.  To secure the payment and performance of the Obligations, Grantor hereby grants to Grantee, and hereby reaffirms its prior grant pursuant to the Security Agreement of, a continuing security interest in Grantor’s entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Trademark Collateral”), whether now owned or existing or hereafter created, acquired or arising: (i) each Trademark listed on Schedule 1 annexed hereto, together with any reissues, continuations or extensions thereof, and all of the goodwill of the business connected with the use of, and symbolized by, each Trademark; and (ii) all products and proceeds of the forgoing, including without limitation, any claim by Grantor against third parties for past, present or future (a) infringement or dilution of any Trademark, or (b) injury to the goodwill associated with any Trademark.

 

  

  

  

 

SIGNATURE PAGE TO TRADEMARK SECURITY AGREEMENT

 

IN WITNESS WHEREOF, Grantor has duly executed this Agreement as of the date first written above.

	 	 	 
	 	 	 
	 	
APDN (B.V.I.) INC., successor in interest by merger

    to Rixflex Holdings Limited

	 
	 	 	 	 
	
 

	
By: 

	/s/ Dr. James A. Hayward	 
	 	Name:  Dr. James A. Hayward	 
	 	Title:  President and Chief Executive Officer	 

	 	
Accepted and Agreed as of the date first above written:

	 
	 	 	 	 
	 	ETICO CAPITAL, LLC, as Collateral Agent	 
	 	 	 	 
	
 

	
By: 

	/s/ Scott A. Weisman	 
	 	Name:  Scott A. Weisman	 
	 	Title:  Managing Director	 

  

2

  

 

SCHEDULE 1

 

TRADEMARK REGISTRATIONS

 

	

Trademark Description

	 	

U.S. Registration/Application No.

	 	

Date Registered/Applied For

	 	 	 	 	 
	
BIOWELL

	 	
3155578

	 	
10/17/06

 

 

 

3ex10-9.htm

Exhibit 10.9

 

PATENT SECURITY AGREEMENT

 

PATENT SECURITY AGREEMENT (the “Agreement”) made as of this 15th day of July 2010 by APDN (B.V.I.) INC., a corporation organized under the laws of the British Virgin Islands (“Grantor”), in favor of ETICO CAPITAL, LLC, as Agent (“Grantee”).

 

W I T N E S S E T H

 

WHEREAS, Grantor and Grantee are parties to a certain Security Agreement of even date herewith between Grantor and Grantee (as the same may be amended or otherwise modified from time to time, the “Security Agreement”), pursuant to which Grantor has granted to Grantee, as agent for the Buyers (as defined in the Security Agreement), a security interest in substantially all of the assets of Grantor including all right, title and interest of Grantor in, to and under all now owned and hereafter acquired Patents (as defined in the Security Agreement), and all products and proceeds thereof, to secure the payment of the Obligations (as defined in the Security Agreement).

 

NOW, THEREFORE, for other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged, Grantor agrees as follows:

 

1.      Incorporation of Security Agreement.  The Security Agreement and the terms and provisions thereof are hereby incorporated herein in their entirety by this reference thereto. All terms capitalized but not otherwise defined herein shall have the same meanings herein as in the Security Agreement.

 

2.      Grant and Reaffirmation of Grant of Security Interests.  To secure the payment and performance of the Obligations, Grantor hereby grants to Grantee, for its benefit and the benefit of the Buyers, and hereby reaffirms its prior grant pursuant to the Security Agreement of, a continuing security interest in Grantor’s entire right, title and interest in and to the following (all of the following items or types of property being herein collectively referred to as the “Patent Collateral”), whether now owned or existing and hereafter created, acquired or arising: (i) each Patent and application for Patent listed on Schedule 1 annexed hereto, together with any reissues, continuations or extensions thereof; and (ii) all products and proceeds of the foregoing, including, without limitation, any claim by Grantor against third parties for past, present or future infringement of any Patent.

 

  

  

  

 

SIGNATURE PAGE TO PATENT SECURITY AGREEMENT

 

IN WITNESS WHEREOF, Grantor has duly executed this Agreement as of the date first written above.

	 	 	 
	 	 	 
	 	APDN (B.V.I.) INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Dr. James A. Hayward	 
	 	Name:  Dr. James A. Hayward	 
	 	Title:   President and Chief Executive Officer	 
	 	 	 	 
	 	Accepted and Agreed as of the date first above written:	 
	 	 	 
	 	ETICO CAPITAL, LLC, as Collateral Agent	 

	 	 	 	 
	
 

	
By: 

	/s/ Scott A. Weisman	 
	 	Name:  Scott A. Weisman	 
	 	Title:  Managing Director	 

 

  

2

  

 

SCHEDULE 1

 

PATENTS

 

	 	
Patent Description

	 	 	 	
U.S. Patent No.

	 

	 	 	 
	
A Method of Marking Solid or Liquid Substances with Nucleic Acid for Anti-Counterfeiting and Authentication

	 	
7115301

PATENT APPLICATIONS

	 	
Patent Application Description

	    	 	 	
U.S. Patent Application No.

	 

	 	 	 
	
Method for Mixing Nucleic Acid in Water Insoluble Media and Application Thereof

	 	
10/645,602

	 	 	 
	
System and Method for Marking Textiles with Nucleic Acids

	 	
10/825,968

	 	 	 
	
System and Method for Authenticating Multiple Components Associated with a Particular Good

	 	
11/437,265

	 	 	 
	
System and Method for Secure Document Printing and Detection

	 	
11/954,044

	 	 	 
	
System and Method for Authenticating Tablets

	 	
11/954,055

	 	 	 
	
System and Method for Authenticating Sports Identification Goods

	 	
11/954,051

	 	 	 
	
Optical Reporter Compositions

	 	
11/954,030

	 	 	 
	
Methods for Covalent Linking of Optical Reporters

	 	
11/954,009

	 	 	 
	
Method for Authenticating Articles with Optical Reporters

	 	
11/954,038

 

  

3

  

PATENT APPLICATIONS (continued)

 

	
Methods for Genetic Analysis of Textiles made of Gossypium Barbadense and Gossypium Hirsutum Cotton

	 	
12/269,737

	 	 	 
	
Methods for Genotyping Mature Cotton Fibers and Textiles

	 	
12/269,757

	 	 	 
	
Incorporating Water Soluble Security Markers into Cyanoacrylate Solutions

	 	
12/465,450

	  

 

 

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