Document:

EX-10.17

 Exhibit 10.17 

PATENT, COPYRIGHT AND TRADEMARK 

SECURITY AGREEMENT 

THIS PATENT, COPYRIGHT AND TRADEMARK SECURITY AGREEMENT (the “Agreement”) is made as of June 30, 2015
between MAD CATZ, INC., a Delaware corporation (“MCI”), MAD CATZ INTERACTIVE, INC., a corporation organized under the Canada Business Corporations Act (“Parent”) and MAD CATZ INTERACTIVE ASIA LIMITED (“Mad
Catz Asia”; MCI, Parent, and Mad Catz Asia are herein collectively called, the “Assignors” and each is an “Assignor”) and FAUNUS GROUP INTERNATIONAL, INC., a Delaware corporation (“Secured
Party”). 
 RECITALS 

A. Mad Catz Europe Limited (the “Client”) and Secured Party have entered into that certain Master Facilities
Agreement (England and Wales) of even date herewith, pursuant to which Secured Party has agreed to extend a receivables purchase and inventory facilities to Client on the terms and conditions set forth therein (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “MFA”; terms used and not defined herein shall have the meaning given to such terms in the MFA or the Composite Guarantee and Debenture of even date herewith from
Client and certain of its affiliates in favor of Secured Party). 
 B. In order to induce Secured Party to enter into the
MFA and the transactions contemplated thereby, and as a condition thereto, each Assignor (i) has granted to Secured Party a continuing security interest in substantially all of the personal property assets of such Assignor, which includes the
Intellectual Property Collateral (as defined below), and (ii) in furtherance thereof, is required to execute and deliver to Secured Party this Agreement and pursuant hereto to assign and grant to Secured Party a security interest (to the extent
any grant of a security interest is not prohibited by applicable law or governmental authority) in and to all of each Assignor’s right, title, and interest in the Intellectual Property Collateral. Any Intellectual Property Collateral that is
registered or has a pending application is listed on Schedule A attached hereto and incorporated herein by reference, as the same may be amended and supplemented from time to time. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Grant of Security Interest. Each Assignor
hereby grants to Secured Party as collateral security for the prompt and punctual payment and performance of the Secured Obligations of such Assignor and for the prompt performance by such Assignor of its obligations and undertakings under this
Agreement and the other Finance Documents, a security interest in all of the Intellectual Property Collateral of such Assignor, whether now owned or hereafter acquired by such Assignor, and hereby grants, pledges and hypothecates such Intellectual
Property Collateral to Secured Party. 

 2. Representations, Warranties and Covenants. Each Assignor covenants,
warrants and represents that: 
 (a) Set forth on Schedule A attached hereto is a true and complete list as of the
date hereof of all Intellectual Property Collateral of such Assignor that is registered or has a pending application or is otherwise material to such Assignors’ business. 

(b) Such Assignor is the sole and exclusive owner of its Intellectual Property Collateral, and such Assignor’s rights in
such Intellectual Property Collateral is free and clear of all liens and encumbrances, except for the security interest and assignment created by this Agreement and the other Finance Documents and a lien and encumbrance in favor of Newstar Business
Credit, LLC. Assignors will defend the right, title and interest in and to the Intellectual Property Collateral against any and all claims of any third parties. 

(c) All of Assignor’s rights in the Intellectual Property Collateral is valid and enforceable and is not subject to any
claim, judgment or administrative or arbitral decision that questions its validity or enforceability, any Assignor’s purported rights thereunder or any Assignor’s rights to use the same in its business. 

(d) Execution, delivery and performance of this Agreement by Assignors does not (i) violate, conflict with, result in a
breach of, constitute a default under, result in the termination of, or result in the creation of any encumbrances upon any of the Intellectual Property Collateral, under any agreement to which any Assignor is a party or by which any Assignor is
bound, or (ii) violate any laws, rules, regulations or orders applicable to any of the Intellectual Property Collateral. 

(e) Assignors have used, and will continue to use for the duration of this Agreement, reasonably consistent standards of
quality in the manufacture of the products sold under the Trademarks or utilizing any Patents, Copyrights or Other Assets. 

(f) Assignors shall maintain and protect the validity and enforceability of the Intellectual Property Collateral that is
material to the operation of the business of the Assignors as a whole and shall take any and all actions as are necessary or appropriate to properly maintain, protect, preserve, care for, and shall enforce their respective rights in any such
Intellectual Property Collateral, including, without limitation, payment when due of such fees, taxes, and other expenses which shall be incurred or which shall accrue with respect to any of the Intellectual Property Collateral, except those which
are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. 

(g) If Secured Party deems it necessary to perfect Secured Party’s interest in the Intellectual Property Collateral
conveyed hereunder, Assignors shall cause this Agreement to be properly recorded with the United States Patent and Trademark Office, the United States Copyright Office, and any other government or public office or agency of the United States of
America, as applicable, and, except for these filings, no authorization, 

 
approval or other action by, and no notice to or filing with, any governmental authority or regulatory body of the United States of America or any foreign country is required either (i) for
the grant by Assignors of the security interest granted hereby or for the execution, delivery or performance of this Agreement by Assignors or (ii) for the perfection or the exercise by Secured Party of its rights and remedies hereunder. 

(h) All information heretofore, herein or hereafter supplied to Secured Party by or on behalf of Assignors with respect to any
of the Intellectual Property Collateral is accurate and complete in all material respects. 
 3. [Reserved]. 

4. No Sale. Assignors agree that, until all of the Obligations shall have been satisfied in full, (i) except as
permitted by the MFA, Assignors will not sell, assign, transfer or sub-license any of its rights or interests in, to or under the Intellectual Property Collateral, and (ii) Assignors will not enter into any agreement which is inconsistent with
this Agreement and the Assignors’ obligations hereunder. 
 5. Additional Intellectual Property Collateral. If,
before the Secured Obligations shall have been satisfied in full, Assignors shall obtain rights to any new Intellectual Property Collateral not listed in Schedule A, the provisions of this Agreement shall automatically apply thereto (to the
extent the grant of a security interest therein is not prohibited by applicable law or governmental authority), and to the extent an application for registration of such Intellectual Property Collateral is made and such Intellectual Property
Collateral is material to the operation of the business of the Assignors as a whole, Assignors shall give Secured Party prompt written notice thereof and, upon Secured Party’s request, Assignors will execute, deliver and file any agreements,
instruments, registrations and filings which Secured Party may reasonably request to confirm Secured Party’s security interest therein and to put such security interest of record in such office. Each Assignor hereby appoints Secured Party as
its attorney in fact, and hereby acknowledges and agrees that such power of attorney is irrevocable and coupled with an interest. 

6. Revision of Schedule A. Assignors authorize Secured Party to modify this Agreement by amending Schedule A to
include any new Intellectual Property Collateral (to the extent the grant of a security interest therein is not prohibited by applicable law or governmental authority) without the necessity of any Assignor’s approval of or signature to such
amendment, and each Assignor shall do all such other acts (at its own expense) deemed reasonably necessary or appropriate by Secured Party to implement or preserve Secured Party’s interests therein. All representations and warranties of
Assignors set forth herein shall be deemed to be restated by Assignors as of the date of any such amendment of or supplement to Schedule A with full force and effect as though made on such date. 

7. Remedies Upon Event of Default. If any Event of Default (as defined in the MFA) shall have occurred and be
continuing, Secured Party shall have, in addition to all other rights and remedies given by this Agreement, those allowed by law and the rights and remedies of a secured party under the Uniform Commercial Code as enacted in any

 
applicable jurisdiction and, without limiting the generality of the foregoing, Secured Party may immediately, without demand of performance and without other notice (except as set forth below) or
demand whatsoever to Assignors, all of which are hereby expressly waived, and without advertisement, sell at public or private sale or otherwise realize upon, at a location reasonably convenient to Secured Party and Assignors, as determined in good
faith by Secured Party, or elsewhere, all or from time to time any part of the Intellectual Property Collateral, or any interest which Assignors may have therein, and after deducting from the proceeds of sale or other disposition of any part of the
Intellectual Property Collateral all expenses payable by Assignors in accordance with the MFA (including all reasonable out-of-pocket expenses for broker’s fees and legal services), shall apply the residue of such proceeds to the payment of the
Secured Obligations. Notice of any sale or other disposition of any part of the Intellectual Property Collateral shall be given to Assignors at least ten (10) days (or such longer period as required by applicable law) before the time of any
intended public or private sale or other disposition thereof is to be made, which Assignors hereby agree shall be reasonable notice of such sale or other disposition. At any such sale or other disposition, Secured Party may, to the extent
permissible under applicable law, purchase the whole or any part of any of the Intellectual Property Collateral sold, free from any right of redemption on the part of Assignors, which right is hereby waived and released. In addition to the
foregoing, if any Event of Default has occurred and is continuing: 
 (a) Secured Party may license, or
sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any Copyrights, Patents or Trademarks included in the Intellectual Property Collateral throughout the world for such term or terms, on such
conditions and in such manner as Secured Party shall in its sole discretion determine; 
 (b) Secured Party
may (without assuming any obligations or liability thereunder), at any time and from time to time, in its sole discretion, enforce (and shall have the exclusive right to enforce) against any licensee or sublicensee all rights and remedies of
Assignors in, to and under any Copyright Licenses, Patent Licenses or Trademark Licenses and take or refrain from taking any action under any thereof, and ASSIGNORS HEREBY RELEASE SECURED PARTY FROM, AND AGREES TO HOLD SECURED PARTY FREE AND
HARMLESS FROM AND AGAINST, ANY CLAIMS AND EXPENSES ARISING OUT OF ANY LAWFUL ACTION SO TAKEN OR OMITTED TO BE TAKEN WITH RESPECT THERETO; and 

(c) upon request by Secured Party, Assignors will execute and deliver to Secured Party a power of attorney, in
form and substance satisfactory to Secured Party, for the implementation of any lease, assignment, license, sublicense, grant of option, sale or other disposition of a Copyright, Patent or Trademark or any action related thereto. In the event of any
such disposition pursuant to this Section, Assignors shall supply its know-how and expertise relating to the manufacture and sale of the products bearing Trademarks or the products or services made or rendered

 
in connection with Patents, and its customer lists and other records relating to such Patents or Trademarks and to the distribution of said products, to Secured Party. 

8. Termination.  It is contemplated by the parties that there may be times when no Secured Obligations are
outstanding, but notwithstanding such occurrences, this Agreement shall remain valid and shall be in full force and effect as to subsequent outstanding Secured Obligations. Subject to the terms of the MFA, at such time as Assignors shall completely
satisfy all of the Secured Obligations and the termination or expiration of the MFA and any other commitment of Secured Party to extend credit to Assignors, this Agreement shall terminate and Secured Party shall execute and deliver to Assignors, at
Assignors’ expense, all deeds, assignments, termination statements under the Uniform Commercial Code, and other instruments as may be necessary or proper to release Secured Party’s security interest in and/or re-vest in Assignors full
title to any part of the Intellectual Property Collateral, subject to any disposition thereof which may have been made by Secured Party pursuant hereto. 

9. Fees and Expenses.  Any and all fees, costs and expenses, of whatever kind or nature, including the
reasonable out-of-pocket attorneys’ fees and legal expenses incurred by Secured Party in connection with defending or prosecuting any actions or proceedings arising out of or related to any part of the Intellectual Property Collateral, shall be
borne and paid by Assignors on demand by Secured Party and until so paid shall be added to the principal amount of the Secured Obligations and shall bear interest at the highest rate prescribed in the MFA. 

10. Protection of Intellectual Property Collateral.  Assignors agree to take, at their respective own
expense, commercially reasonable steps to prosecute diligently any applications related to any Intellectual Property Collateral pending as of the date of this Agreement or thereafter that is material to the operation of the business of the Assignors
as a whole and will defend and protect their respective interest in such Intellectual Property Collateral against any infringement, dilution or misappropriation and will defend any claim or administrative or arbitral challenge that questions the
validity or enforceability of such Intellectual Property Collateral, any Assignor’s purported rights therein and thereunder or any Assignor’s right to register or patent the same or to use and practice the same in its business. Any such
Assignor will give Secured Party notice of any proceeding in which such defense is being carried on. Except as permitted by the MFA, Assignors shall not abandon or dedicate to the public any of the Intellectual Property Collateral, nor do any act
nor omit to do any act if such act or omission is of a character that tends to cause or contribute to the abandonment or dedication to the public of any part of the Intellectual Property Collateral that is material to the operation of the business
of the Assignors as a whole or loss of or adverse effect on any rights in any part of such Intellectual Property Collateral, without the consent of Secured Party, which consent shall not be unreasonably withheld. 

11. Assignor’s Right to Protect.  Each Assignor shall have the right to bring any opposition
proceedings, cancellation proceedings or lawsuit in its own name to enforce or protect any part of the Intellectual Property Collateral, in which event Secured Party may, 

 
if necessary, be joined as a nominal party to such suit if Secured Party shall have been satisfied that it is not thereby incurring any risk of liability because of such joinder. SUCH ASSIGNOR
SHALL PROMPTLY, UPON DEMAND, REIMBURSE AND INDEMNIFY SECURED PARTY FOR ALL DAMAGES, COSTS AND EXPENSES, INCLUDING ATTORNEYS’ FEES, INCURRED BY SECURED PARTY IN THE FULFILLMENT OF THE PROVISIONS OF THIS SECTION 11 IN ACCORDANCE WITH THE
TERMS OF THE MFA. 
 12. Power of Attorney. Assignors hereby appoint Secured Party as Assignors’ true and
lawful attorney-in-fact and proxy with full authority in the place and stead of Assignors and in the name of Assignors, or otherwise, from time to time in Secured Party’s discretion after an Event of Default has occurred and during its
continuance, to take any action and to execute any instrument which Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including any endorsement of any Assignor’s name on all applications, documents,
papers and instruments necessary for Secured Party to use any of the Intellectual Property Collateral, or any grant or issuance of any exclusive or non-exclusive license under any of the Intellectual Property Collateral to anyone else, or necessary
for Secured Party to assign, pledge, convey or otherwise transfer title in or dispose of any of the Intellectual Property Collateral to anyone else. Assignors hereby ratify all that such attorney shall lawfully do or cause to be done by virtue
hereof. This power of attorney is irrevocable coupled with an interest. 
 13. Secured Party’s Rights to Take
Action. If any Assignor fails to comply with any of its obligations hereunder after reasonable request by Secured Party and after giving effect to any applicable grace periods, Secured Party may do so in such Assignors’ name or in Secured
Party’s name, but at such Assignor’s expense, and such Assignor hereby agrees to reimburse Secured Party in full for all expenses, including reasonable attorneys’ fees, incurred by Secured Party in protecting, defending and
maintaining any of the Intellectual Property Collateral. 
 14. Effect on Other Finance Documents. This Agreement is
a “Finance Document” as defined in the MFA and is supplemental to the MFA, and in no event shall this Agreement, or the recordation of this Agreement or any other documents in connection herewith with the United States Patent and Trademark
Office, the United States Copyright Office, or any other government or public office or agency of the United States of America, adversely effect or impair, in any way or to any extent, the other Finance Documents, and the security interest of
Secured Party in the Collateral (including the Intellectual Property Collateral) pursuant to the other Finance Documents. Any and all rights and interests of Secured Party in and to the Intellectual Property Collateral (and any and all obligations
of Assignors with respect to the Intellectual Property Collateral) provided herein, or arising hereunder or in connection herewith, shall only supplement and be cumulative and in addition to the rights and interests of Secured Party (and the
obligations of Assignors) in, to, or with respect to the Collateral (including Intellectual Property Collateral) provided in or arising under or in connection with the other Finance Documents. In the event of a conflict between the terms of this
Agreement and the terms of the MFA, the terms of the MFA shall control. 

 15. Preservation of Rights.  No course of dealing between
Assignors and Secured Party, nor any failure to exercise, nor any delay in exercising, on the part of Secured Party, any right, power or privilege hereunder or under the MFA shall operate as a waiver thereof; nor shall any single or partial exercise
of any right, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 

16. Rights are Cumulative.  All of Secured Party’s rights and remedies with respect to any of the
Intellectual Property Collateral, whether established hereby or by the MFA, or by any other agreements or by law shall be cumulative and may be exercised singularly or concurrently. 

17. Notices.  Notices that are required to be delivered hereunder shall be sufficient if in writing and sent
to the addresses set forth in the MFA, in the manner and within the time specified in the MFA. 
 18.
Severability.  The provisions of this Agreement are severable, and if any clause or provision shall be held invalid and unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect
only such clause or provision, or part thereof, in such jurisdiction, and shall not in any manner affect such clause or provision in any other jurisdiction, or any other clause or provision of this Agreement in any jurisdiction. 

19. Modification and Amendment.  This Agreement is subject to modification only by a writing signed by the
parties, except as provided in Section 6. 
 20. Successors and Assigns.  The benefits and burdens of
this Agreement shall inure to the benefit of and be binding upon the respective successors and permitted assigns of the parties. Without limiting the generality of the foregoing, Secured Party may (except as otherwise provided in the MFA) pledge,
assign or otherwise transfer any or all of their respective rights under any or all of the Finance Documents to any other Person, and such other Person shall thereupon become vested with all of the benefits in respect thereof granted herein or
otherwise. None of the rights or duties of Assignors hereunder may be assigned or otherwise transferred without the prior written consent of Secured Party. 

21. Governing Law; Venue. 

(a) This Agreement shall be governed and construed in accordance with the laws of the State of New York. 

(b) Any legal action or proceeding with respect to this Agreement may be brought in the courts of the State of
New York or in the United States District Court for the Southern District of New York, and by execution and delivery of this Agreement, each Assignor and Secured Party consents to the non-exclusive jurisdiction of those courts. Each Assignor and
Secured Party irrevocably waives any objection, including any objection to venue on the grounds of forum non 

 
conveniens, which it may now or hereafter have to the bringing of any such action or proceeding in such jurisdiction. Notwithstanding the foregoing, Secured Party shall have the right to bring
any action or proceeding against Assignors or its property in the courts of any other jurisdiction Secured Party deems necessary or appropriate in order to exercise remedies with respect to the Collateral. 

22. Waiver of Jury Trial.  ASSIGNORS AND SECURED
PARTY EACH IRREVOCABLY WAIVES ITS RESPECTIVE RIGHT TO A TRIAL BY JURY
OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY,
IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY KIND BROUGHT BY
EITHER AGAINST THE OTHER, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT
CLAIMS, OR OTHERWISE. ASSIGNORS AND SECURED PARTY EACH AGREES THAT ANY
SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT
WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER AGREE
THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY
OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER
PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE
VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR ANY PROVISION HEREOF. THIS
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS TO THIS AGREEMENT, WHETHER OR NOT SPECIFICALLY SET FORTH THEREIN.

 23. Indemnity and Expenses.  In addition to, but not in qualification or limitation of, any similar
obligations under other Finance Documents: 
 (A) ASSIGNORS WILL INDEMNIFY SECURED PARTY FROM AND AGAINST
ANY AND ALL CLAIMS, LOSSES AND LIABILITIES ARISING OUT OF OR RESULTING FROM THIS AGREEMENT (INCLUDING ENFORCEMENT OF THIS AGREEMENT), WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY, WHETHER BROUGHT BY A THIRD PARTY OR BY ASSIGNORS, AND
REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE NEGLIGENCE OF THE INDEMNITEE; PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO
THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES (X) RESULT FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE OR (Y) RESULT FROM A CLAIM BROUGHT BY ASSIGNORS AGAINST AN INDEMNITEE FOR BREACH IN
BAD FAITH OF SUCH INDEMNITEE’S OBLIGATIONS HEREUNDER OR UNDER ANY OTHER FINANCE DOCUMENT, IF SUCH ASSIGNOR HAS OBTAINED A FINAL AND NONAPPEALABLE JUDGMENT IN ITS FAVOR ON SUCH CLAIM AS DETERMINED BY A COURT OF COMPETENT JURISDICTION. 

 (B) ASSIGNORS WILL UPON DEMAND PAY TO SECURED PARTY THE AMOUNT OF
ANY AND ALL REASONABLE COSTS AND EXPENSES, INCLUDING THE FEES AND DISBURSEMENTS OF SECURED PARTY’S COUNSEL AND OF ANY EXPERTS AND AGENTS, WHICH SECURED PARTY MAY INCUR IN CONNECTION WITH (A) THE TRANSACTIONS WHICH GIVE RISE TO THIS
AGREEMENT, (B) THE PREPARATION OF THIS AGREEMENT AND THE PERFECTION AND PRESERVATION OF THIS SECURITY INTEREST CREATED UNDER THIS AGREEMENT, (C) THE ADMINISTRATION OF THIS AGREEMENT; (D) THE CUSTODY, PRESERVATION, USE OR OPERATION OF,
OR THE SALE OF, COLLECTION FROM, OR OTHER REALIZATION UPON, ANY INTELLECTUAL PROPERTY COLLATERAL; (E) THE EXERCISE OR ENFORCEMENT OF ANY OF THE RIGHTS OF SECURED PARTY HEREUNDER; OR (F) THE FAILURE BY ASSIGNORS TO PERFORM OR OBSERVE ANY OF
THE PROVISIONS HEREOF, EXCEPT EXPENSES RESULTING FROM SECURED PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 24.
Counterparts; Fax. This Agreement may be executed in one or more counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. The parties hereby
acknowledge and agree that facsimile signatures of this Agreement shall have the same force and effect as original signatures. 

25. No Oral Agreements. This Agreement represents the final agreement between the parties and may not be contradicted
by evidence of prior, contemporaneous, or subsequent oral agreements of the parties. There are no unwritten agreements between the parties. 

26. Deficiency. In the event that the proceeds of any sale, collection or realization of or upon the Intellectual
Property Collateral by Secured Party are insufficient to pay all Secured Obligations and any other amounts to which Secured Party is legally entitled, Assignors shall be liable for the deficiency, together with interest thereon as provided in the
governing Finance Documents or (if no interest is so provided) at such other rate as shall be fixed by applicable law, together with the costs of collection and the reasonable fees of any attorneys employed by Secured Party to collect such
deficiency. 
 27. Definitions. The following terms shall have the definitions set forth below: 

“Copyright License” means any license or other agreement, whether now or hereafter in existence, under which
is granted or authorized any right to use, copy, reproduce, distribute, prepare derivative works, display or publish any records or other materials on which a Copyright is in existence or may come into existence, including the agreements identified
in Schedule A attached hereto. 

 “Copyrights” means all the following: (a) all copyrights
under the laws of the United States or any other country (whether or not the underlying works of authorship have been published), whether now or hereafter in existence, and all registrations and recordings thereof, all intellectual property rights
to works of authorship (whether or not published), and all application for copyrights under the laws of the United States or any other country, including registrations, recordings and applications in the United States Copyright Office or in any
similar office or agency of the United States, any State thereof or other country, or any political subdivision thereof, including those described in Schedule A attached hereto, (b) all reissues, renewals and extensions thereof,
(c) all claims for, and rights to sue for, past or future infringements of any of the foregoing, and (d) all income, royalties, damages and payments now or hereafter due or payable with respect to any of the foregoing, including damages
and payments for past or future infringements thereof. 
 “Domain Names” means all domain names of
Assignors, whether now or hereafter in existence, including those described in Schedule A attached hereto, and all right, title and interest in respect thereof. 

“GAAP” means generally accepted accounting principles as promulgated by the American Institute of Certified
Public Accountants, consistently applied, as in effect from time to time. Notwithstanding anything herein to the contrary, all financial statements delivered hereunder shall be prepared and all financial covenants contained herein shall be
calculated, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any similar account principal) permitting a Person to value its financial liabilities at the fair value thereof. 

“Intellectual Property Collateral” means any Copyrights, Copyright Licenses, Other Assets, Patents, Patent
Licenses, Trademarks, and Trademark Licenses. 
 “Other Assets” means any other proprietary rights and
intellectual property of Assignors, including without limitation, formulations, manufacturing procedures, quality control procedures and product specifications relating to any products sold under the Patents, Copyrights, Trademarks and Domain Names.

 “Patent License” means any license or other agreement, whether now or hereafter in existence, under
which is granted or authorized any right with respect to any Patent or any invention now or hereafter in existence, whether patentable or not, whether a patent or application for patent is in existence on such invention or not, and whether a patent
or application for patent on such invention may come into existence, including the agreements identified in Schedule A attached hereto. 

“Patents” means all the following: (a) all letters patent and design letters patent of the United States
or any other country, whether now or hereafter in existence, and all applications for letters patent and design letters patent of the United States or any other country, including applications in the United States Patent and Trademark Office or in
any similar office or agency of the United States, any State thereof or other country, or any political subdivision thereof, including those described in Schedule A attached hereto, (b) all

 
reissues, divisions, continuations, continuations-in-part, renewals and extensions thereof, (c) all claims for, and rights to sue for, past or future infringements of any of the foregoing,
and (d) all income, royalties, damages and payments now or hereafter due or payable with respect to any of the foregoing, including damages and payments for past or future infringements thereof. 

“Trademark License” means any license or agreement, whether now or hereafter in existence, under which is
granted or authorized any right to use any Trademark, including the agreements identified on Schedule A attached hereto. 

“Trademarks” means all of the following: (a) all trademarks, trade names, corporate names, company
names, business names, fictitious business names, trade styles, service marks, logos, brand names, trade dress, prints and labels on which any of the foregoing have appeared or appear, package and other designs, and any other source or business
identifiers, and general intangibles of like nature, and the rights in any of the foregoing which arise under applicable law, whether now or hereafter in existence, (b) the goodwill of the business symbolized thereby or associated with each of
them, (c) all registrations and applications in connection therewith, including registrations and applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or other
country, or any political subdivision thereof, including those described in Schedule A attached hereto, (d) all reissues, extensions and renewals thereof, (e) all claims for, and rights to sue for, past or future infringements of
any of the foregoing, and (f) all income, royalties, damages and payments now or hereafter due or payable with respect to any of the foregoing, including damages and payments for past or future infringements thereof. 

[SIGNATURES ON FOLLOWING PAGE] 

 IN WITNESS WHEREOF, the undersigned have executed and delivered this Agreement as
of the date set forth above. 
  

	
	 ASSIGNORS:
  

MAD CATZ, INC.

 

			
	 By:
	 	  /s/ Darren
Richardson

 
			
	 Name:
	 	  Darren
Richardson

 
			
	 Title:
	 	  President &
CEO

  

	
	 MAD CATZ INTERACTIVE, INC.

 

			
	 By:
	 	  /s/ Darren
Richardson

 
			
	 Name:
	 	  Darren
Richardson

 
			
	 Title:
	 	  President &
CEO

  

	
	 MAD CATZ INTERACTIVE ASIA

LIMITED

 

			
	 By:
	 	  /s/ Darren
Richardson

 
			
	 Name:
	 	  Darren
Richardson

 
			
	 Title:
	 	  Director

 
	
	SECURED PARTY:
	
	FAUNUS GROUP INTERNATIONAL, INC.

 
			
		
	By:	 	   /s/David DiPiero

			
	Name:	 	   David DiPiero

			
	Title:	 	   CEOEX-10.18

 Exhibit 10.18 

GUARANTY 

This Guaranty (“Agreement”) is made and executed this 30th day of June, 2015 by MAD CATZ, INC., a
corporation, duly incorporated and validly existing pursuant to the laws of Delaware (“Guarantor”), having its principal place of business at 10680 Treena St., Suite 500, San Diego, California 92131, in favor of FAUNUS GROUP
INTERNATIONAL, INC., a Delaware corporation (“FGI”), having its principal place of business at 80 Broad Street, 22nd Floor, New York, New York 10004. 

BACKGROUND 

A. FGI intends to establish financing arrangements with, extend credit to and/or purchase receivables from MAD CATZ EUROPE
LTD. (“Client”) pursuant to the terms and conditions of the certain Master Facilities Agreement dated as of the date hereof between Client and FGI (as may hereafter be amended, supplemented, restated or replaced from time to time,
the “MFA”). 
 B. In order to induce FGI to enter into the financing arrangements with and make loans and
extend credit to the Client, Guarantor undertakes and agrees as set forth below. 
 1. Obligations
Guaranteed.  To induce FGI to enter into the MFA and consider extending or continuing to extend credit or purchase receivables from time to time to Client thereunder, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Guarantor, intending to be legally bound hereby, absolutely and unconditionally guarantees and becomes surety for the payment and performance when due (at maturity, upon acceleration, or otherwise) of all
of the debts and obligations of Client to FGI of every kind or nature (including the Secured Obligations), whether joint or several, due or to become due, absolute or contingent, now existing or hereafter arising, and whether principal, interest,
fees, costs, expenses or otherwise, and arising under the MFA or otherwise (including without limitation any interest and/or expenses accruing following the commencement of any insolvency, receivership, reorganization or bankruptcy case or
proceeding relating to Client, whether or not a claim for post-petition interest and/or expenses is allowed in such case or proceeding) (collectively, the “Obligations”). Guarantor shall also pay or reimburse FGI on demand for all
costs and expenses, including without limitation attorneys’ fees, incurred by FGI at any time to enforce, protect, preserve, or defend FGI’s rights hereunder and with respect to any property securing this Agreement. All payments hereunder
shall be made in lawful money of the United States, in immediately available funds. Unless otherwise defined herein, all capitalized terms shall have the respective meanings given to such terms in the MFA or the Debenture. 

2. Representations and Warranties.  Guarantor represents and warrants that: 

(a) Guarantor’s execution and performance of this Agreement shall not (i) violate or result in a default or breach
(immediately or with the passage of time) under any material contract, agreement or instrument to which Guarantor is a party, or by which Guarantor or any asset of Guarantor is bound, (ii) violate or result in a default or breach under any
order, 

 
decree, award, injunction, judgment, law, regulation or rule applicable to Guarantor, (iii) cause or result in the imposition or creation of any lien or other encumbrance upon any property
or asset of Guarantor, or (iv) violate or result in a breach of the certificate of incorporation or bylaws of Guarantor. 

(b) Guarantor has the full power and authority to enter into and perform under this Agreement, which has been authorized by
all necessary corporate action on behalf of Guarantor. 
 (c) No consent, license or approval of, or filing or registration
with, any governmental authority is necessary for the execution and performance hereof by Guarantor. 
 (d) This Agreement
constitutes the valid and binding obligation of Guarantor enforceable in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to enforcement of creditors’ rights.

 (e) This Agreement promotes and furthers the business and interests of Guarantor and the creation of the obligations
hereunder will result in direct financial benefit to Guarantor. 
 3. Guarantor Acknowledgements. 

(a) Guarantor hereby waives notice of (i) acceptance of this Agreement, (ii) the existence or incurring from time
to time of any Obligations guaranteed hereunder, (iii) nonpayment, the existence of any Event of Default, the making of demand, or the taking of any action by FGI, under the MFA, and (iv) default and demand hereunder. 

(b) Guarantor acknowledges that Guarantor (i) has examined or had the opportunity to examine the MFA and related
agreements and (ii) waives any defense which may exist resulting from Guarantor’s failure to receive or examine at any time the MFA or any amendments, supplements, restatements or replacements therefor. 

(c) Guarantor acknowledges that it shall not do anything to impede or interfere in any manner with the normal collection and
payment of the Approved Receivables assigned and sold to FGI. 
 (d) Guarantor acknowledges that in entering into this
Agreement Guarantor is not relying upon any statement, representation, warranty or opinion of any kind from FGI as to the present or future financial condition, performance, assets, liabilities or prospects of Client or as to any other matter. 

4. FGI Actions.  Guarantor hereby consents and agrees that FGI may at any time or from time to time in
FGI’s discretion (a) extend or change the time of payment and/or change the manner, place or terms of payment of any or all Obligations, (b) amend, supplement, restate or replace the MFA or any related agreements, (c) renew or
extend any financing now or hereafter reflected by the MFA or the maturity thereof or increase (without limit of any kind and whether related or unrelated) or decrease loans and extensions of credit to Client, (d) modify the terms

  
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and conditions under which loans, extensions of credit or purchases of receivables may be made to Client, (e) settle, compromise or grant releases for liabilities of Client, and/or any other
Person or Persons liable with Guarantor for, any Obligations, (f) exchange, compromise, release or surrender, or subordinate or release any lien on, any property (including any collections therefrom or proceeds thereof) of Client or any other
Person or Persons now or hereafter securing any of the Obligations, and (g) apply any and all payments and proceeds of any property of any Person securing any or all of the Obligations received by FGI at any time against the Obligations in any
order as FGI may determine; all of the foregoing in such manner and upon such terms as FGI may see fit, and without notice to or further consent from Guarantor, who hereby agrees to be and shall remain bound upon this Agreement notwithstanding any
such action on FGI’s part. 
 5. Scope of Guaranty.  The Agreement is an agreement of suretyship and a
guaranty of payment and not of collection. The liability of Guarantor hereunder is absolute, primary, unlimited and unconditional and shall not be reduced, impaired or affected in any way by reason of (a) any failure to obtain, retain or
preserve, or the lack of prior enforcement of, any rights against any Person or Persons liable for the Obligations (including Client and Guarantor) or in any property, (b) the invalidity, unenforceability or voidability of any Obligations or
any liens or rights in any property pledged by any Person or Persons, (c) any delay in making demand upon Client or any delay in enforcing, or any failure to enforce, any rights against Client or any other Person or Persons liable for any or
all of the Obligations or in any property pledged by any Person or Persons, even if such rights are thereby lost, (d) any failure, neglect or omission on FGI’s part to obtain, perfect or continue any lien upon, protect, exercise rights
against, or realize on, any property of Client, Guarantor or any other party securing the Obligations, (e) the existence or nonexistence of any defenses which may be available to the Client with respect to the Obligations, (f) the granting
of any waiver or forbearance at any time and for any period with respect to any performance by Client or any Event(s) of Default under the MFA, (g) the commencement of any bankruptcy, reorganization, liquidation, dissolution or receivership
proceeding or case filed by or against Client or any Guarantor or (h) any other fact, event, condition or omission which may give rise to a suretyship defense. Guarantor promises and undertakes to make all payments hereunder free and clear of
any deduction, offset, defense, claim or counterclaim of any kind. 
 6. Reinstatement.  If any or all
payments or proceeds of property securing any or all of the Obligations made from time to time to FGI with respect to any obligation hereby guaranteed are at any time recovered from, or repaid by, FGI in whole or in part in any bankruptcy,
reorganization, receivership, insolvency or similar case or proceeding instituted by or against Client, this Agreement shall continue to be fully applicable to (or, as the case may be, reinstated to be applicable to) such obligation to the same
extent as if the recovered or repaid payment(s) or proceeds had never been originally paid to FGI. 
 7. Cumulative
Remedies.  All rights and remedies hereunder and under the MFA, and related agreements, are cumulative and not alternative, and FGI may proceed in any order from time to time against Client, Guarantor and/or any other Person or Persons
liable for any or all of the Obligations and their respective assets. FGI shall not have any obligation to proceed at any time or in any manner against, or exhaust any or all of FGI’s rights against, Client or any

  
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other Person or Persons liable for any or all of the Obligations prior to proceeding against Guarantor hereunder. 

8. Security Interest.  As additional security for the Obligations, Guarantor hereby grants to FGI a security
interest in all of Guarantor’s right, title and interest in and to the following assets, wherever located and whether now or hereafter owned or acquired: (a) all Accounts, (b) Chattel Paper, (c) Commercial Tort Claims,
(d) Deposit Accounts, (e) Documents, (f) Equipment, (g) General Intangibles, (h) Goods (including but not limited to all files, correspondence, computer programs, tapes, disks and related data processing software which
contain informa-tion identifying or pertaining to any of the Collateral or any Account Debtor or showing the amounts thereof or payments thereon or otherwise necessary or helpful in the realization thereon or
the collection thereof), (i) Inventory, (j) Investments, (k) Investment Property, (l) Letters of Credit and Letter of Credit rights, (m) all Supporting Obligations and (n) all cash and non-cash proceed of the foregoing
(including insurance proceeds). Upon the occurrence of an Event of Default under MFA or any breach or default by Guarantor under this Agreement (each an “Event of Default”), FGI shall have all the rights of a secured party under
applicable law, and more specifically under the Uniform Commercial Code (in effect in the State of New York) and shall have all the rights and remedies set forth in the MFA. In addition and without limitation, FGI may, without notice to or demand
upon the Guarantor and take possession of the Collateral, and for that purpose FGI may enter upon any premises on which the Collateral may be situated and remove the same therefrom; require Guarantor to assemble all or any part of the Collateral at
such location or locations within the jurisdiction(s) of Guarantor’s principal office(s) or at such other locations as FGI may reasonably designate. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type
customarily sold on a recognized market, the FGI shall give to Guarantor at least ten (10) days prior written notice of the time and place of any public sale of Collateral or of the time after, which any private sale or any other intended
disposition is to be made. The Guarantor hereby acknowledges that ten (10) days prior written notice of such sale or sales shall be reasonable notice. In addition, Guarantor waives any and all rights that it may have to a judicial hearing in
advance of the enforcement of any of FGI’s rights hereunder, including, without limitation, its right following an Event of Default to take immediate possession of the Collateral and to exercise its rights with respect thereto. In addition, FGI
shall have and may exercise any or all other rights and remedies it may have available at law, in equity, or otherwise. All of FGI’s rights and remedies, whether evidenced by this Agreement, the MFA or any other writing, shall be cumulative and
may be exercised singularly or concurrently. Election by FGI to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Guarantor under this Agreement, after
Guarantor’s failure to perform, shall not affect FGI’s right to declare a default and to exercise its remedies. 

9. Subrogation.  Any and all rights of any nature of Guarantor to subrogation, reimbursement or indemnity and
any right of Guarantor to recourse to any assets or property of, or payment from, Client or any other Person or Persons liable for any or all of the Obligations as a result of any payments made or to be made hereunder for any reason shall be
unconditionally subordinated to all of FGI’s rights under the MFA and Guarantor shall not at any time exercise any of such rights unless and until all of the Obligations have been unconditionally paid in full. Any payments received by Guarantor
in violation of this Section 9 shall be held in trust for and 

  
 4 

 
immediately remitted to FGI. 
 10. FGI
Records.  FGI’s books and records of any and all of the Obligations, absent manifest error, shall be prima facie evidence against Guarantor of the indebtedness owing or to become owing to FGI hereunder. 

11. Continuing Surety.  This Agreement shall constitute a continuing surety obligation with respect to all
Obligations from time to time incurred or arising and shall continue in effect until all Obligations are indefeasibly paid and satisfied and the liability of Guarantor under this Agreement may not be revoked or terminated. 

12. Setoff.  Guarantor agrees that FGI shall have a right of setoff against any and all property of Guarantor
now or at any time in FGI’s possession, including without limitation deposit accounts, and the proceeds thereof, as security for the obligations of Guarantor hereunder. 

13. Acceleration.  If an Event of Default occurs and is continuing under the MFA, then all of
Guarantor’s liabilities of every kind or nature to FGI hereunder shall, at FGI’s option, become immediately due and payable and FGI may at any time and from time to time, at FGI’s option (regardless of whether the liability of Client
or any other Person or Persons liable for any or all of the Obligations has matured or may then be enforced), take any and/or all actions and enforce all rights and remedies available hereunder or under applicable law to collect Guarantor’s
liabilities hereunder. 
 14. Enforcement Timing.  Failure or delay in exercising any right or remedy
against Guarantor hereunder shall not be deemed a waiver thereof or preclude the exercise of any other right or remedy hereunder. No waiver of any breach of any provision of this Agreement shall be construed as a waiver of any subsequent breach or
of any other provision. 
 15. Successors and Assigns.  This Agreement shall (a) be legally binding
upon Guarantor, and Guarantor’s successors and assigns, provided that Guarantor’s obligations hereunder may not be delegated or assigned without FGI’s prior written consent and (b) benefit any and all of FGI’s
successors and assigns. FGI may assign its rights under this Agreement without notice to or consent from Guarantor. 
 16.
Entire Agreement.  This Agreement and the MFA embody the whole agreement and understanding of the parties hereto relative to the subject matter hereof. No modification or waiver of any provision hereof shall be enforceable unless
approved by FGI in writing. 
 17. Governing Law, Submission to Jurisdiction and Jury Trial.  THIS
AGREEMENT, AND ALL MATTERS ARISING HEREUNDER OR RELATING HERETO, SHALL IN ALL RESPECTS BE INTERPRETED, CONSTRUED AND GOVERNED BY THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK. GUARANTOR IRREVOCABLY KNOWINGLY AND VOLUNTARILY (I) SUBMITS TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSES OF ANY LITIGATION OR 

  
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PROCEEDING HEREUNDER OR CONCERNING THE TERMS HEREOF AND (II) WAIVES THE RIGHT TO A JURY TRIAL WITH RESPECT TO ANY LITIGATION, CLAIMS OR PROCEEDING HEREUNDER OR CONCERNING THE TERMS HEREOF OR
OTHERWISE IN CONNECTION WITH GUARANTOR’S DEALINGS WITH FGI. 
 18. Notices. 

(a) In any action or proceeding brought by FGI to enforce the terms hereof, Guarantor consents that service of process may be
made upon Guarantor in any legal proceeding relating to this Agreement by any means allowed under state or federal law. 

(b) Any and all notices which may be given to Guarantor by FGI hereunder shall be sent to Guarantor at the address of
Guarantor set forth in the Preamble hereto (or such other address at which Guarantor is then located) and may be delivered (i) in person, (ii) by registered or certified mail, return receipt requested, (iii) by nationally recognized
overnight courier and (iv) by facsimile transmission and such notice shall be deemed delivered in the case of (i) above, on the date of delivery; in the case of (ii) above, three (3) days after deposit in the U.S. Mail; in the
case of (iii) above, one (1) day after delivery to the courier and in the case of (iv) above on the date sent, if proof of receipt is received. 

19. Maximum Liability.  To the extent that applicable law otherwise would render the obligations of Guarantor
hereunder invalid or unenforceable, Guarantor shall nevertheless remain liable hereunder; provided however that Guarantor’s obligations shall be limited to the maximum amount which does not result in such invalidity or unenforceability.
Notwithstanding the foregoing, Guarantor’s obligations hereunder shall be presumptively valid and enforceable to their fullest extent in accordance with the terms of this Agreement, as if this Section 19 were not a part of this Agreement.

 20. Severability.  The invalidity or unenforceability of any provision hereof shall not affect the
remaining provisions which shall remain in full force and effect. 
 [SIGNATURES APPEAR ON FOLLOWING PAGE] 

  
 6 

 THIS GUARANTY is dated the date and year first above written. 

 

			
	 MAD CATZ, INC.

		
	 By:
	 	 /s/ Darren
Richardson

 
			
	 Name:
	 	 Darren Richardson

			
	 Title:
	 	 President & CEO

 [Signature page to Guaranty]

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