SEC Contract Filing

Filing Date: 2019-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>tlnd-20190331ex105591ba7.htm
<DESCRIPTION>EX-10.5
<TEXT>
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 <font style="display:inline;font-weight:bold;">Exhibit 10.5</font>
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 <font style="display:inline;">&nbsp;</font>
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 <font style="display:inline;font-weight:bold;font-size:14pt;">INTELLECTUAL PROPERTY SECURITY AGREEMENT</font>
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 <font style="display:inline;font-weight:bold;">THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT </font><font style="display:inline;">is entered into as of February 14, 2019 by and between </font><font style="display:inline;font-weight:bold;">PACIFIC WESTERN BANK, </font><font style="display:inline;">a California state-chartered bank</font><font style="display:inline;font-weight:bold;">&nbsp;</font><font style="display:inline;">(&#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Bank</font><font style="display:inline;">&#x201D;) and </font><font style="display:inline;font-weight:bold;text-transform:uppercase;">STITCH INC.</font><font style="display:inline;">, a Delaware corporation (&#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Grantor</font><font style="display:inline;">&#x201D;).</font>
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 <font style="display:inline;font-weight:bold;">RECITALS</font>
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 <font style="display:inline;font-weight:bold;">A.<font style="display:inline;font-weight:bold;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;">Bank has agreed to make certain advances of money and to extend certain financial accommodations to Grantor (the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Loans</font><font style="display:inline;">&#x201D;) in the amounts and manner set forth in that certain Loan and Security Agreement by and among Bank, Grantor and Stitch Inc., a Delaware corporation, dated of even date herewith (as the same may be amended, restated, modified or supplemented from time to time, the &#x201C;</font><font style="display:inline;font-weight:bold;font-style:italic;">Loan Agreement</font><font style="display:inline;">&#x201D;; capitalized terms used herein are used as defined in the Loan Agreement).&nbsp; </font>
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 <font style="display:inline;font-weight:bold;">B.<font style="display:inline;font-weight:bold;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;">Extension of credit by Bank pursuant to the Loan Agreement is subject to the condition, among others, that Grantor shall grant to Bank a security interest in certain Copyrights, Trademarks and Patents to secure the obligations of Grantor under the Loan Agreement.</font>
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 <p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-weight:bold;">C.<font style="display:inline;font-weight:bold;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;">Pursuant to the terms of the Loan Agreement, Grantor has granted to Bank a security interest in all of Grantor&#x2019;s right, title and interest, whether presently existing or hereafter acquired, in, to and under all of the Collateral.</font>
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 <font style="display:inline;font-weight:bold;">Now, Therefore,</font><font style="display:inline;"> for good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound, as collateral security for the prompt and complete payment when due of its obligations under the Loan Agreement and all other agreements now existing or hereafter arising between Grantor and Bank, Grantor hereby represents, warrants, covenants and agrees as follows:</font>
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