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Borqs Technologies, Inc. – ‘S-1/A’ on 7/2/18 – ‘EX-10.28’

On:  Monday, 7/2/18, at 5:32pm ET   ·   Accession #:  1213900-18-8637   ·   File #:  333-223034

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/02/18  Borqs Technologies, Inc.          S-1/A                135:18M                                    Edgar Agents LLC/FA

Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Amendment No. 2 to Form S-1                         HTML   1.88M 
 2: EX-1.1      Underwriting Agreement Between the Registrant and   HTML    289K 
                Maxim Group LLC                                                  
 3: EX-4.1      Form of Representative's Warrant                    HTML     93K 
 4: EX-10.18    Vendor Master Services Agreement, Dated July 5,     HTML    151K 
                2013, by and Between Borqs Software Solutions Pvt.               
                Ltd. and Qualcomm India Private Limited                          
 5: EX-10.20    Loan and Security Agreement, Effective as of April  HTML    270K 
                30, 2018, by and Between Borqs Hong Kong Limited                 
                and Partners for Growth V, L.P                                   
 6: EX-10.21    Subordination Agreement, Effective as of April 30,  HTML     62K 
                2018, by and Between Borqs Hong Kong Limited,                    
                Borqs International Holding Corp., Spd Silicon                   
                Valley Bank Co., Ltd. and Partners for Growth V,                 
                L.P                                                              
 7: EX-10.22    Deed of Guarantee and Indemnity, Effective as of    HTML     88K 
                April 30, by and Between Borqs International                     
                Holding Corp. and Partners for Growth V, L.P                     
 8: EX-10.23    Debenture, Effective as of April 30, 2018, by and   HTML    168K 
                Between Borqs International Holding Corp. and                    
                Partners for Growth V, L.P                                       
 9: EX-10.24    Deed and Charge of Shares, Effective as of April    HTML    185K 
                30, 2018, by and Between Borqs International                     
                Holding Corp. and Partners for Growth V, L.P                     
10: EX-10.25    Deed of Guarantee and Indemnity, Effective as of    HTML     90K 
                April 30, 2018, by and Between Borqs Hong Kong                   
                Limited and Partners for Growth V., L.P                          
11: EX-10.26    Debenture, Effective as of April 30, 2018, by and   HTML    175K 
                Between Borqs Hong Kong Limited and Partners for                 
                Growth V, L.P                                                    
12: EX-10.27    Intellectual Property Security Agreement,           HTML     98K 
                Effective as of April 30, 2018, by and Between                   
                Borqs Hong Kong Limited and Partners for Growth V,               
                L.P                                                              
13: EX-10.28    Intellectual Property Security Agreement,           HTML     85K 
                Effective as of April 30, 2018, by and Between                   
                Borqs International Holding Corp. and Partners for               
                Growth V, L.P                                                    
14: EX-10.29    Equitable Mortgage, Effective as of April 30,       HTML    185K 
                2018, by and Between Borqs Technologies, Inc.,                   
                Borqs International Holding Corp. and Partners for               
                Growth V, L.P.                                                   
15: EX-10.30    Waiver and Modification No. 2 to Loan and Security  HTML     58K 
                Agreement, Effective as of April 30, 2018, by and                
                Between Borqs Hong Kong Limited and Partners for                 
                Growth Iv, L.P.                                                  
16: EX-23.2     Consent of Independent Registered Public            HTML     34K 
                Accounting Firm                                                  
23: R1          Document and Entity Information                     HTML     48K 
24: R2          Unaudited Condensed Consolidated Balance Sheets     HTML    196K 
25: R3          Unaudited Condensed Consolidated Balance Sheets     HTML    120K 
                (Parenthetical)                                                  
26: R4          Unaudited Condensed Consolidated Statement of       HTML    133K 
                Operations                                                       
27: R5          Unaudited Consolidated Condensed Interim            HTML     57K 
                Statements of Comprehensive Income (Loss)                        
28: R6          Consolidated Statements of Shareholders' (Deficit)  HTML    100K 
                Equity                                                           
29: R7          Unaudited Consolidated Condensed Interim            HTML    173K 
                Statements of Cash Flows                                         
30: R8          Organization                                        HTML    200K 
31: R9          Summary of Significant Accounting Policies          HTML    218K 
32: R10         Concentration of Risks                              HTML     53K 
33: R11         Acquisitions                                        HTML     49K 
34: R12         Inventories                                         HTML     52K 
35: R13         Prepaid Expenses and Other Current Assets           HTML     79K 
36: R14         Property and Equipment, Net                         HTML     84K 
37: R15         Intangible Assets, Net                              HTML     93K 
38: R16         Goodwill                                            HTML     57K 
39: R17         Long-Term Investment                                HTML     41K 
40: R18         Bank and Other Borrowings                           HTML     75K 
41: R19         Accrued Expenses and Other Payables                 HTML     72K 
42: R20         Deferred Government Grants                          HTML     60K 
43: R21         Accumulated Other Comprehensive Income (Loss)       HTML     69K 
44: R22         Mainland China Employee Contribution Plan           HTML     42K 
45: R23         Share Based Compensation                            HTML    134K 
46: R24         Taxation                                            HTML    249K 
47: R25         Related Party Transactions                          HTML     83K 
48: R26         Restricted Net Assets                               HTML     44K 
49: R27         Convertible Redeemable Preferred Shares             HTML     93K 
50: R28         (Loss) Earnings Per Share                           HTML     95K 
51: R29         Fair Value Measurements                             HTML     70K 
52: R30         Commitments and Contingencies                       HTML     68K 
53: R31         Segment Reporting                                   HTML    190K 
54: R32         Subsequent Events                                   HTML     65K 
55: R33         Parent Company Only condensed Financial             HTML    249K 
                Information                                                      
56: R34         Summary of Significant Accounting Policies          HTML    292K 
                (Policies)                                                       
57: R35         Organization (Tables)                               HTML    185K 
58: R36         Summary of Significant Accounting Policies          HTML     44K 
                (Tables)                                                         
59: R37         Inventories (Tables)                                HTML     51K 
60: R38         Prepaid Expenses and Other Current Assets (Tables)  HTML     76K 
61: R39         Property and Equipment, Net (Tables)                HTML     73K 
62: R40         Intangible Assets, Net (Tables)                     HTML     70K 
63: R41         Goodwill (Tables)                                   HTML     48K 
64: R42         Bank and Other Borrowings (Tables)                  HTML     56K 
65: R43         Accrued Expenses and Other Payables (Tables)        HTML     69K 
66: R44         Deferred Government Grants (Tables)                 HTML     56K 
67: R45         Accumulated Other Comprehensive Income (Loss)       HTML     64K 
                (Tables)                                                         
68: R46         Share Based Compensation (Tables)                   HTML    118K 
69: R47         Taxation (Tables)                                   HTML    197K 
70: R48         Related Party Transactions (Tables)                 HTML     81K 
71: R49         Convertible Redeemable Preferred Shares (Tables)    HTML     55K 
72: R50         (Loss) Earnings Per Share (Tables)                  HTML     88K 
73: R51         Fair Value Measurements (Tables)                    HTML     63K 
74: R52         Commitments and Contingencies (Tables)              HTML     48K 
75: R53         Segment Reporting (Tables)                          HTML    153K 
76: R54         Parent Company Only condensed Financial             HTML    217K 
                Information (Tables)                                             
77: R55         Organization (Details)                              HTML     66K 
78: R56         Organization (Details 1)                            HTML    152K 
79: R57         Organization (Details Textual)                      HTML     75K 
80: R58         Summary of Significant Accounting Policies          HTML     51K 
                (Details)                                                        
81: R59         Summary of Significant Accounting Policies          HTML     45K 
                (Details 1)                                                      
82: R60         Summary of Significant Accounting Policies          HTML     66K 
                (Details Textual)                                                
83: R61         Concentration of Risks (Details)                    HTML     59K 
84: R62         Acquisitions (Details)                              HTML     62K 
85: R63         Inventories (Details)                               HTML     50K 
86: R64         Prepaid Expenses and Other Current Assets           HTML     62K 
                (Details)                                                        
87: R65         Prepaid Expenses and Other Current Assets (Details  HTML     40K 
                Textual)                                                         
88: R66         Property and Equipment, Net (Details)               HTML     54K 
89: R67         Property and Equipment, Net (Details 1)             HTML     49K 
90: R68         Property and Equipment, Net (Details Textual)       HTML     39K 
91: R69         Intangible Assets, Net (Details)                    HTML     59K 
92: R70         Intangible Assets, Net (Details 1)                  HTML     51K 
93: R71         Intangible Assets, Net (Details Textual)            HTML     46K 
94: R72         Goodwill (Details)                                  HTML     41K 
95: R73         Long-Term Investment (Details)                      HTML     49K 
96: R74         Bank and Other Borrowings (Details)                 HTML     48K 
97: R75         Bank and Other Borrowings (Details Textual)         HTML     83K 
98: R76         Accrued Expenses and Other Payables (Details)       HTML     62K 
99: R77         Deferred Government Grants (Details)                HTML     46K 
100: R78         Accumulated Other Comprehensive Income (Loss)       HTML     46K  
                (Details)                                                        
101: R79         Mainland China Employee Contribution Plan           HTML     39K  
                (Details)                                                        
102: R80         Share Based Compensation (Details)                  HTML     72K  
103: R81         Share Based Compensation (Details 1)                HTML     70K  
104: R82         Share Based Compensation (Details 2)                HTML     62K  
105: R83         Share Based Compensation (Details 3)                HTML     45K  
106: R84         Share Based Compensation (Details Textual)          HTML     77K  
107: R85         Taxation (Details)                                  HTML     45K  
108: R86         Taxation (Details 1)                                HTML     45K  
109: R87         Taxation (Details 2)                                HTML     69K  
110: R88         Taxation (Details 3)                                HTML     63K  
111: R89         Taxation (Details 4)                                HTML     47K  
112: R90         Taxation (Details Textual)                          HTML     78K  
113: R91         Related Party Transactions (Details)                HTML     43K  
114: R92         Related Party Transactions (Details 1)              HTML     51K  
115: R93         Related Party Transactions (Details 2)              HTML     47K  
116: R94         Restricted Net Assets (Details)                     HTML     41K  
117: R95         Convertible Redeemable Preferred Shares (Details)   HTML     46K  
118: R96         Convertible Redeemable Preferred Shares (Details    HTML    105K  
                Textual)                                                         
119: R97         (Loss) Earnings Per Share (Details)                 HTML     69K  
120: R98         Fair Value Measurements (Details)                   HTML     46K  
121: R99         Fair Value Measurements (Details 1)                 HTML     44K  
122: R100        Fair Value Measurements (Details Textual)           HTML     36K  
123: R101        Commitments and Contingencies (Details)             HTML     52K  
124: R102        Commitments and Contingencies (Details Textual)     HTML     41K  
125: R103        Segment Reporting (Details)                         HTML     80K  
126: R104        Segment Reporting (Details Textual)                 HTML     37K  
127: R105        Subsequent Events (Details)                         HTML     98K  
128: R106        Parent Company Only condensed Financial             HTML    110K  
                Information (Details)                                            
129: R107        Parent Company Only condensed Financial             HTML     64K  
                Information (Details 1)                                          
130: R108        Parent Company Only condensed Financial             HTML     59K  
                Information (Details 2)                                          
131: R109        Parent Company Only condensed Financial             HTML     57K  
                Information (Details 3)                                          
132: R110        Parent Company Only condensed Financial             HTML     42K  
                Information (Details 4)                                          
134: XML         IDEA XML File -- Filing Summary                      XML    243K  
133: EXCEL       IDEA Workbook of Financial Reports                  XLSX    157K  
17: EX-101.INS  XBRL Instance -- brqs-20180331                       XML   4.93M 
19: EX-101.CAL  XBRL Calculations -- brqs-20180331_cal               XML    244K 
20: EX-101.DEF  XBRL Definitions -- brqs-20180331_def                XML    851K 
21: EX-101.LAB  XBRL Labels -- brqs-20180331_lab                     XML   1.71M 
22: EX-101.PRE  XBRL Presentations -- brqs-20180331_pre              XML   1.39M 
18: EX-101.SCH  XBRL Schema -- brqs-20180331                         XSD    254K 
135: ZIP         XBRL Zipped Folder -- 0001213900-18-008637-xbrl      Zip    293K  


‘EX-10.28’   —   Intellectual Property Security Agreement, Effective as of April 30, 2018, by and Between Borqs International Holding Corp. and Partners for Growth V, L.P


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



EXHIBIT 10.28

 

INTELLECTUAL PROPERTY SECURITY AGREEMENT

 

This Intellectual Property Security Agreement (this “Agreement”) is entered into as of April 30, 2018 (the “Effective Date”), by and between PARTNERS FOR GROWTH V, L.P. (“PFG”) and BORQS International Holding Corp, a company duly incorporated and validly existing under and by virtue of the Laws of The Cayman Islands, registered under company number 192127 and with its registered office at P.O. Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands (“Grantor”), with reference to the following facts:

 

A.  PFG and a Subsidiary of Grantor (as Borrower), are parties to that certain Loan and Security Agreement of even date with this Agreement (as amended from time to time, the “Loan Agreement”). (Capitalized terms used herein have the meaning assigned in the Loan Agreement.)

 

B.  Grantor has guaranteed the Obligations of each Borrower under the Loan Agreement pursuant to a Debenture of even date with the Loan Agreement, pursuant to which Grantor has granted to PFG a security interest in all Charged Assets. Charged Assets include without limitation certain Intellectual Property (including without limitation the Intellectual Property described herein) owned by Grantor.

 

Grantor agrees as follows:

 

1.  To secure performance of all of its “Obligations” as defined in the Loan Agreement, Grantor grants to PFG a security interest in all of Grantor’s right, title and interest in Grantor’s “Intellectual Property”, including without limitation (i) the trademarks and servicemarks listed or required to be listed from time to time on Schedule A hereto, whether registered or not, and all applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks, and (ii) the patents and patent applications listed or required to be listed from time to time on Schedule B hereto and all like protections including, without limitation, all improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same, (iii) all copyrights, maskworks, software, computer programs and other works of authorship listed or required to be listed from time to time on Schedule C hereto, and all extensions and renewals thereof, (iv) all domain names and domain name rights owned by it and used in connection with its business and that of its Subsidiaries, all legal and equitable rights in domain names and ownership thereof, domain registry, domain servers, web hosting and related contracts, services and facilities (collectively, “Domain Rights”) listed or required to be listed from time to time on Schedule D hereto, and all extensions and renewals thereof, and (iv) all rights to recover for past or future infringement of any of the foregoing, and (v) all right, title and interest in and to any and all present and future license agreements with respect to any of the foregoing, and (vi) all present and future accounts, accounts receivable and other rights to payment arising from, in connection with or relating to any of the foregoing and provided that if any asset cannot be secured without consent of a third party (and such consent is not given), this Agreement will constitute security over all proceeds and other amounts receivable from such asset.

 

 C: 
 

 

 

2.  Grantor represents and warrants that (i) listed on Schedule A hereto are all trademark registrations and pending registrations owned or controlled by Grantor, (ii) listed on Schedule B are all patents and patent applications owned or controlled by Grantor, (iii) listed on Schedule C are all copyrights, software, computer programs, mask works, and other works of authorship owned or controlled by Grantor which are registered with the United States Copyright Office and the copyright registry of each other applicable jurisdiction, wherever located, and (iv) listed on Schedule D are all Domain Rights in which Grantor has any legal, contractual or equitable right. Grantor shall: (a) protect, defend and maintain the validity and enforceability of its intellectual property, other than intellectual property of immaterial business and monetary value that Grantor’s executive management has made a determination not to maintain; (b) promptly advise PFG in writing of material infringements of its intellectual property; and (c) not allow any intellectual property material to Grantor’s business to be abandoned, forfeited or dedicated to the public without PFG’s written consent. If, before the Obligations have been paid and/or performed in full, Grantor shall (i) adopt, use, acquire or apply for registration of any trademark, service mark or trade name, (ii) apply for registration of any patent or obtain any patent or patent application; (iii) create or acquire any published or material unpublished works of authorship material to the business that is or is to be registered with the U.S. Copyright Office or any non-U.S. equivalent or other Governmental Body; or (iv) register or acquire any domain name or domain name rights, then the provisions of Section 1 shall automatically apply thereto, and Grantor shall provide PFG written notice thereof concurrently with delivery of Borrower’s monthly compliance certificate. Grantor shall further provide PFG with all information and details relating to the foregoing and shall take such further actions as PFG may reasonably request from time to time to perfect or continue the perfection of PFG’s interest in such intellectual property.

 

3.  This Agreement is being executed and delivered pursuant to the Loan Agreement; nothing herein limits any of the terms or provisions of the Loan Agreement, and PFG’s rights hereunder and under the Loan Agreement are cumulative. This Agreement, the Loan Agreement and the other Loan Documents set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, oral representations, oral agreements and oral understandings between the parties. This Agreement may not be modified or amended, nor may any rights hereunder be waived, except in a writing signed by the parties hereto; provided, however, and notwithstanding the foregoing, PFG may amend the Schedules hereto from time to time when it becomes aware of new Intellectual Property subject to this Agreement. In the event of any litigation between the parties based upon, arising out of, or in any way relating to this Agreement, the prevailing party shall be entitled to recover all of its costs and expenses (including without limitation attorneys’ fees) from the non-prevailing party. This Agreement and all acts, transactions, disputes and controversies arising hereunder or relating hereto, and all rights and obligations of PFG and Grantor shall be governed by, and construed in accordance with the internal laws (and not the conflict of laws rules) of the State of California.

 

4. Grantor agrees that simultaneously with the execution of this Agreement, and thereafter upon any amendment of Schedule A, Schedule B, Schedule C or Schedule D, the appropriate entities constituting Grantor shall execute notices in the forms appended hereto (each, a “Notice”), as appropriate, with respect to all of the pledged Intellectual Property, now owned or hereafter acquired, and shall deliver each Notice to PFG for the purpose of recordation at the U.S. Patent and Trademark Office or the U.S. Copyright Office, with any patent or trademark registry outside of the United States or otherwise, as appropriate. Whether or not Grantor executes such a Notice reflecting new Intellectual Property, Grantor hereby irrevocably appoints PFG as its lawful attorney-in-fact without any further authorization to file such notices, liens or other instruments as may be customary from time to time for PFG to perfect security interests in Grantor’s Intellectual Property. With respect to the power of attorney granted in the attached Domain Rights Collateral Agreement and Notice, so long as no default has occurred and is continuing under the Loan Documents, PFG shall not take any action referenced therein in the name of Grantor.

 

[Signature Page Follows]

 

 C: 
  C: 2 

 

   

Address of Grantor: BORQS International Holding Corp
     

P.O. Box 309

Ugland House

Grand Cayman KY1-1104

Cayman Islands

By: /s/ Pat Sek Yuen Chan
  Name: Pat Sek Yuen Chan
  Title: Sole Director
     
  By:  
  Name:  
  Title: Director
     
Address of PFG: PARTNERS FOR GROWTH V, L.P.
     

Partners for Growth V, L.P.

1660 Tiburon Blvd., Suite D

Tiburon, California 94920

By:    /s/ Geoffrey Allan
  Name: Geoffrey Allan
  Title: Manager, Partners for Growth V, LLC
    Its: General Partner

 

 Intellectual Property Security Agreement Signature Page

 

 C: 
 3 

 

 

SCHEDULE A

 
BORQS International Holding Corp

 

Trademark Schedule

 

 

 

None at Effective Date

 

 C: 
 4 

 

 

SCHEDULE B

 

BORQS International Holding Corp

 

Patent Schedule

 

 

 

None at Effective Date

 

 C: 
 5 

 

 

SCHEDULE C

 

BORQS International Holding Corp

 

COPYRIGHTS

 

 

 

None at Effective Date

 

 C: 
 6 

 

 

SCHEDULE D

 

BORQS International Holding Corp

 

DOMAIN RIGHTS

 

Domain Name   Service Provider Contact Detail and Account number (if any)   Owner and Registrar or Administrative Contact of Record   Expiry Date of Domain
None at Effective Date            
             
             
             
             
             
             
             

 

 C: 
 7 

 

 

TRADEMARK COLLATERAL AGREEMENT AND NOTICE

 

This Trademark Collateral Agreement and Notice dated as of April 30, 2018 (“Trademark Agreement”), is between BORQS International Holding Corp, a company duly incorporated and validly existing under and by virtue of the Laws of The Cayman Islands, registered under company number 192127 and with registered office address at P.O. Box 309, Ugland House, Grand Cayman KY1-1104 (“Assignor”) and Partners for Growth V, L.P., 1660 Tiburon Blvd., Suite D, Tiburon, California 94920 (“Assignee”) pursuant to a Loan and Security Agreement, an Intellectual Property Security Agreement of even date herewith by and among Assignor and Assignee (the “IP Security Agreement”) and pursuant to certain other loan documents referenced therein (collectively, the “Loan Documents”).

 

WHEREAS, Assignor is the owner of certain trademarks, including all federal applications and/or registrations therefor, together with the goodwill of the business connected with the use of and symbolized thereby, as listed on Exhibit 1 hereto (the “Marks”); and

 

WHEREAS, Assignee has agreed to extend certain credit to Assignor on condition that the Assignor pledge and grant to Assignee as collateral for the Obligations (as defined in the Loan Documents) a security interest and lien in and to the Marks and all proceeds thereof and all other related claims and rights as more fully described in the IP Security Agreement in favor of the Assignee, by and among Assignor and Assignee;

 

NOW THEREFORE, for good and valuable consideration, as security for the due and timely payment and performance of the Obligations, Assignor hereby pledges and grants to Assignee a security interest and lien in and to the Marks and all proceeds thereof and gives notice of such security interest and the existence of such Security Agreement providing therefor.

 

Executed as of the date first above written.

 

Assignor:     Assignee:
         
BORQS International Holding Corp   PARTNERS FOR GROWTH V, L.P.
         
By /s/ Pat Sek Yuen Chan   By /s/ Geoffrey Allan
Name: Pat Sek Yuen Chan   Name: Geoffrey Allan
Title: Sole Director   Title:

Manager, Partners for Growth V, LLC

Its General Partner

                      
By              
Name:        
Title: Director      

  

 C: 
 8 

 

 

EXHIBIT 1

 

BORQS International Holding Corp

 

Trademark Schedule

 

 

 

 

 

 

 C: 
 9 

 

 

PATENT COLLATERAL AGREEMENT AND NOTICE

 

This Patent Collateral Agreement and Notice dated as of April 30, 2018 (“Patent Agreement”), is between BORQS International Holding Corp, a company duly incorporated and validly existing under and by virtue of the Laws of The Cayman Islands, registered under company number 192127 and with registered office address at P.O. Box 309, Ugland House, Grand Cayman KY1-1104 (“Assignor”) and Partners for Growth V, L.P., 1660 Tiburon Blvd., Suite D, Tiburon, California 94920 (“Assignee”) pursuant to a Loan and Security Agreement, an Intellectual Property Security Agreement of even date herewith by and among Assignor and Assignee (the “IP Security Agreement”) and pursuant to certain other loan documents referenced therein (collectively, the “Loan Documents”).

 

WHEREAS, Assignor is the owner of certain United States patents and/or patent applications as listed on Exhibit 1 hereto (the “Patents”); and

 

WHEREAS, Assignee has agreed to extend certain credit to Assignor on condition that the Assignor pledge and grant to Assignee as collateral for the Obligations (as defined in the Loan Documents) a security interest and lien in and to the Patents and all proceeds thereof and all other related claims and rights as more fully described in the IP Security Agreement in favor of the Assignee, by and among Assignor and Assignee;

 

NOW THEREFORE, for good and valuable consideration, as security for the due and timely payment and performance of the Obligations, Assignor hereby pledges and grants to Assignee a security interest and lien in and to the Patents and all proceeds thereof and gives notice of such security interest and the existence of the IP Security Agreement providing therefor.

 

Executed as of the date first above written.

 

Assignor:     Assignee:
         
BORQS International Holding Corp   PARTNERS FOR GROWTH V, L.P.
         
By /s/ Pat Sek Yuen Chan   By /s/ Geoffrey Allan
Name: Pat Sek Yuen Chan   Name: Geoffrey Allan
Title: Sole Director   Title:

Manager, Partners for Growth V, LLC

Its General Partner

         
By              
Name:        
Title: Director      

  

 C: 
 10 

 

 

EXHIBIT 1

 

BORQS International Holding Corp

 

Patent Schedule

 

 

 

 

 

 C: 
 11 

 

  

COPYRIGHT COLLATERAL AGREEMENT AND NOTICE

 

This Copyright Collateral Agreement and Notice dated as of April 30, 2018 (“Copyright Agreement”), is between BORQS International Holding Corp, a company duly incorporated and validly existing under and by virtue of the Laws of The Cayman Islands, registered under company number 192127 and with registered office address at P.O. Box 309, Ugland House, Grand Cayman KY1-1104 (“Assignor”) and Partners for Growth V, L.P., 1660 Tiburon Blvd., Suite D, Tiburon, California 94920 (“Assignee”) pursuant to a Loan and Security Agreement, an Intellectual Property Security Agreement of even date herewith by and among Assignor and Assignee (the “IP Security Agreement”) and pursuant to certain other loan documents referenced therein (collectively, the “Loan Documents”).

 

WHEREAS, Assignor is the owner of certain copyrightable works which are the subject of United States copyright registrations and/or copyright applications as listed on Exhibit 1 hereto (the “Copyrights”); and

 

WHEREAS, Assignee has agreed to extend certain credit to Assignor on condition that the Assignor pledge and grant to Assignee as collateral for the Obligations (as defined in the Loan Documents) a security interest and lien in and to the Copyrights and all proceeds thereof and all other related claims and rights as more fully described in the IP Security Agreement in favor of the Assignee, by and among Assignor and Assignee;

 

NOW THEREFORE, for good and valuable consideration, as security for the due and timely payment and performance of the Obligations, Assignor hereby pledges and grants to Assignee a security interest and lien in and to the Copyrights and all proceeds thereof and gives notice of such security interest and the existence of the IP Security Agreement providing therefor.

 

Executed as of the date first above written.

 

Assignor:     Assignee:
         
BORQS International Holding Corp   PARTNERS FOR GROWTH V, L.P.
         
By /s/ Pat Sek Yuen Chan   By /s/ Geoffrey Allan
Name: Pat Sek Yuen Chan   Name: Geoffrey Allan
Title: Sole Director   Title:

Manager, Partners for Growth V, LLC

Its General Partner

         
By              
Name:        
Title: Director      

 

 C: 
 12 

 

 

EXHIBIT 1

BORQS International Holding Corp

 
COPYRIGHT SCHEDULE

 

 

 

 

 

 C: 
 13 

 

 

DOMAIN RIGHTS COLLATERAL AGREEMENT AND NOTICE

 

This Domain Rights Collateral Agreement and Notice dated as of April 30, 2018 (“Domain Agreement”), is between BORQS International Holding Corp, a company duly incorporated and validly existing under and by virtue of the Laws of The Cayman Islands, registered under company number 192127 and with registered office address at P.O. Box 309, Ugland House, Grand Cayman KY1-1104 (“Assignor”) and Partners for Growth V, L.P., 1660 Tiburon Blvd., Suite D, Tiburon, California 94920 (“Assignee”) pursuant to a Loan and Security Agreement, an Intellectual Property Security Agreement of even date herewith by and among Assignor and Assignee (the “IP Security Agreement”) and pursuant to certain other loan documents referenced therein (collectively, the “Loan Documents”).

 

WHEREAS, Assignor is the owner of certain Domain Rights as defined in the Loan Documents which are, as of the date hereof, as listed on Exhibit 1 hereto (the “Domain Rights”); and

 

WHEREAS, Assignee has agreed to extend certain credit to Assignor on condition that the Assignor pledge and grant to Assignee as collateral for the Obligations (as defined in the Loan Documents) a security interest and lien in and to the Domain Rights and all proceeds thereof and all other related claims and rights as more fully described in the IP Security Agreement in favor of the Assignee, by and among Assignor and Assignee;

 

NOW THEREFORE, for good and valuable consideration, as security for the due and timely payment and performance of the Obligations: (1) Assignor hereby pledges and grants to Assignee a security interest and lien in and to the Domain Rights and all proceeds thereof and gives notice of such security interest and the existence of the IP Security Agreement providing therefor; and (2) Assignor hereby irrevocably appoints PFG as its lawful attorney-in-fact without any further authorization to take any action and file any notice on behalf of Assignor that Assignor itself could file in respect of its Domain Rights, including without limitation, to transfer Domain Rights, change administrative contacts in respect of Domain Rights, maintain Domain Rights, and provide instructions to domain hosting services and any domain name registrars.

 

Executed as of the date first above written.

   

Assignor:     Assignee:
         
BORQS International Holding Corp   PARTNERS FOR GROWTH V, L.P.
         
By /s/ Pat Sek Yuen Chan   By /s/ Geoffrey Allan
Name: Pat Sek Yuen Chan   Name: Geoffrey Allan
Title: Sole Director   Title:

Manager, Partners for Growth V, LLC

Its General Partner

         
By              
Name:        
Title: Director      

 

 C: 
 14 

 

 

EXHIBIT 1

 

BORQS International Holding Corp

 

DOMAIN RIGHTS

 

 

 

 

 

 

15

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-1/A’ Filing    Date    Other Filings
Filed on:7/2/18
4/30/188-K
 List all Filings 


13 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/14/24  Borqs Technologies, Inc.          20-F       12/31/23  132:12M                                    EdgarAgents LLC/FA
 5/15/23  Borqs Technologies, Inc.          20-F       12/31/22  139:13M                                    EdgarAgents LLC/FA
 5/02/22  Borqs Technologies, Inc.          20-F       12/31/21  151:14M                                    EdgarAgents LLC/FA
 3/25/22  Borqs Technologies, Inc.          F-1/A                  3:1M                                     EdgarAgents LLC/FA
 2/16/22  Borqs Technologies, Inc.          F-1/A                  3:950K                                   EdgarAgents LLC/FA
 1/12/22  Borqs Technologies, Inc.          F-1/A                  2:843K                                   EdgarAgents LLC/FA
12/17/21  Borqs Technologies, Inc.          F-1/A                  3:887K                                   EdgarAgents LLC/FA
12/07/21  Borqs Technologies, Inc.          F-1/A                  3:728K                                   EdgarAgents LLC/FA
 6/21/21  Borqs Technologies, Inc.          F-1                    5:430K                                   EdgarAgents LLC/FA
 4/29/21  Borqs Technologies, Inc.          F-1/A                  3:552K                                   EdgarAgents LLC/FA
 4/27/21  Borqs Technologies, Inc.          F-1                    3:454K                                   EdgarAgents LLC/FA
 4/26/21  Borqs Technologies, Inc.          20-F       12/31/20  136:14M                                    EdgarAgents LLC/FA
 9/30/20  Borqs Technologies, Inc.          20-F       12/31/19  133:10M                                    EdgarAgents LLC/FA
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