Exhibit 10.4
SECURITY AGREEMENT
THIS SECURITY AGREEMENT (as amended, restated or otherwise modified
from time to time, the "Security Agreement") is entered into as of January 28,
2005, by and among National Lampoon, Inc., a Delaware corporation, National
Lampoon Networks, Inc., a Delaware corporation and National Lampoon Tours, Inc.,
a California corporation, (collectively "Grantors"), and ▇. ▇▇▇▇▇▇▇▇ family
Investment, L.P. (together with any successor, or assign, "Secured Party").
W I T N E S S E T H:
WHEREAS, simultaneously herewith, Secured Party and Grantors are
entering into that Secured Promissory Note dated as of January 28, 2005 (as
amended, restated, supplemented or otherwise modified, the "Secured Promissory
Note").
WHEREAS, the Secured Party has required the Grantors to execute and
deliver this Security Agreement and grant to Secured Party a perfected first
priority continuing Lien in the Collateral (as hereinafter defined) in order to
secure the prompt and complete payment, observance and performance of all of the
Obligations (as hereinafter defined), and as a condition precedent to the making
of any loans, advances and any other financial accommodations by the Secured
Party.
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
1. Defined Terms. All capitalized terms used but not otherwise defined
herein have the meanings given to them in Annex A attached hereto. All other
terms contained in this Security Agreement, unless the context indicates
otherwise, have the meanings provided for by the Code to the extent the same are
used or defined therein.
2. Grant of Lien.
(a) To secure the prompt and complete payment, performance and
observance of all of the Obligations, Grantors hereby grant, assign, convey,
mortgage, pledge, hypothecate and transfer to Secured Party a Lien upon all of
Grantors' right, title and interest in, to and under all personal property and
other assets, whether now owned by or owing to, or hereafter acquired by or
arising in favor of Grantors (including under any trade names, styles or
derivations thereof), and whether owned or consigned by or to, or leased from or
to, Grantors, and regardless of where located (all of which being hereinafter
collectively referred to as the "Collateral"), including:
(i) all Accounts;
(ii) all Chattel Paper;
(iii) all Documents;
(iv) all General Intangibles (including all Products,
Contracts, Intellectual Property, and payment intangibles);
(v) all Goods (including Inventory, Equipment and
Fixtures);
(vi) all Instruments;
(vii) all Investment Property;
(viii) all Deposit Accounts and all other bank
accounts and all deposits therein;
(ix) all money, cash or cash equivalents of Grantors;
(x) all Supporting Obligations and Letter-of-Credit
Rights of Grantors; and
(xi) to the extent not otherwise included, all
Proceeds, tort claims insurance claims and other rights to payments not
otherwise included in the foregoing and products of the foregoing and all
accessions to, substitutions and replacements for, and rents and profits of,
each of the foregoing.
(b) In addition, to secure the prompt and complete payment,
performance and observance of the Obligations and in order to induce Secured
Party as aforesaid, Grantors hereby grant to Secured Party a right of set-off
against the property of Grantors held by Secured Party, consisting of property
described above in Section 2(a) now or hereafter in the possession or custody of
or in transit to Secured Party, for any purpose, including safekeeping,
collection or pledge, for the account of Grantors, or as to which Grantors may
have any right or power.
3. Secured Party's Rights, Limitations on Secured Party's Obligations.
(a) It is expressly agreed by Grantors that, anything herein
to the contrary notwithstanding, Grantors shall remain liable under each of
their Contracts and each of their Licenses to observe and perform all the
conditions and obligations to be observed and performed by them thereunder.
Secured Party shall not have any obligation or liability under any Contract or
License by reason of or arising out of this Security Agreement or the granting
herein of a Lien thereon or the receipt by Secured Party of any payment relating
to any Contract or License pursuant hereto. Secured Party shall not be required
or obligated in any manner to perform or fulfill any of the obligations of
Grantors under or pursuant to any Contract or License, or to make any payment,
or to make any inquiry as to the nature or the sufficiency of any payment
received by it or the sufficiency of any performance by any party under any
Contract or License, or to present or file any claims, or to take any action to
collect or enforce any performance or the payment of any amounts which may have
been assigned to it or to which it may be entitled at any time or times.
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(b) Secured Party may at any time after an Event of Default
involving nonpayment of money owed to Secured Party by the Grantors has occurred
and be continuing, without prior notice to Grantors, notify Account Debtors and
other Persons obligated on the Collateral that Secured Party has a security
interest therein, and that payments shall be made directly to Secured Party.
Upon the request of Secured Party, Grantors shall so notify Account Debtors and
other Persons obligated on Collateral. Once any such notice has been given to
any Account Debtor or other Person obligated on the Collateral, Grantors shall
not give any contrary instructions to such Account Debtor or other Person
without Secured Party's prior written consent.
(c) Secured Party may at any time after an Event of Default
has occurred and be continuing, in Secured Party's own name, in the name of a
nominee of Secured Party or in the name of Grantors communicate (by mail,
telephone, facsimile or otherwise) with Account Debtors, parties to Contracts
and obligors in respect of Instruments to verify with such Persons, to Secured
Party's satisfaction, the existence, amount, terms of, and any other matter
relating to, any Product, Accounts, General Intangibles (including all Products,
Contracts, Intellectual Property, and payment intangibles), Instruments or
Chattel Paper.
4. Representations and Warranties. Grantors represent and warrant that:
(a) Grantors have rights in and the power to transfer each
item of the Collateral upon which they purport to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder free
and clear of any and all Liens other than Permitted Encumbrances.
(b) No effective security agreement, financing statement,
equivalent security or Lien instrument or continuation statement covering all or
any part of the Collateral is on file or of record in any public office, except
such as may have been filed (i) by Grantors in favor of Secured Party pursuant
to this Security Agreement, and (ii) in connection with any other Permitted
Encumbrances.
(c) This Security Agreement is effective to create a valid and
continuing Lien on and, upon the filing of the appropriate financing statements
listed on Schedule I hereto, a perfected Lien in favor of Secured Party on the
Collateral with respect to which a Lien may be perfected by filing pursuant to
the Code. Such Lien is prior to all other Liens, except Permitted Encumbrances
that would be prior to Liens in favor of Secured Party as a matter of law, and
upon recordation will be enforceable as such as against any and all creditors of
and purchasers from Grantors (other than purchasers and lessees of Inventory in
the ordinary course of business). All action by Grantors necessary or desirable
to protect and perfect such Lien on each item of the Collateral has been duly
taken.
(d) Schedule II hereto lists all Instruments, Letter-of-Credit
Rights and Chattel Paper of Grantor. All action by Grantors necessary or
desirable to protect and perfect the Lien of Secured Party on each item set
forth on Schedule II (including the delivery of all originals thereof to Secured
Party and the legending of all Chattel Paper as required by Section 5(b) hereof)
has been duly taken. The Lien of Secured Party on the Collateral listed on
Schedule II hereto is prior to all other Liens, except Permitted Encumbrances
that would be prior to the Liens in favor of Secured Party as a matter of law,
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and is enforceable as such against any and all creditors of and purchasers from
Grantors.
(e) Grantors' names as they appear in official filings in the
state(s) of their incorporation, the types of entities of Grantors,
organizational identification numbers issued by Grantors' state(s) of
incorporation or statement(s) that no such number has been issued, Grantors'
state(s) of incorporation, the location(s) of Grantors' chief executive
office(s), principal place(s) of business, offices, all warehouses and premises
where Collateral is stored or located, and the locations of their books and
records concerning the Collateral are set forth on Schedule III hereto.
(f) With respect to any Inventory of Grantors, (i) no
Inventory is now, or shall at any time or times hereafter be stored at any
location other than as set forth on Schedule III hereto without Secured Party's
prior consent, and if Secured Party gives such consent, Grantors will
concurrently therewith obtain bailee, landlord or mortgagee agreements, in each
case, satisfactory to Secured Party in its sole discretion, (ii) Grantors have
good, indefeasible and merchantable title to such Inventory and such Inventory
is not subject to any Lien or security interest or document whatsoever except
for the Lien granted to Secured Party and except for Permitted Encumbrances,
(iii) such Inventory is not subject to any licensing, patent, royalty,
trademark, trade name or copyright agreements with any third parties which would
require any consent of any third party upon sale or disposition of that
Inventory or the payment of any monies to any third party as a precondition of
such sale or other disposition, and (iv) the completion of manufacture, sale or
other disposition of such Inventory by Secured Party following an Event of
Default shall not require the consent of any Person and shall not constitute a
breach or default under any contract or agreement to which Grantors are parties
or to which such property is subject.
(g) Upon the filing of a UCC financing statement and the
Notice of Security Interest in Patents and Trademarks and the Notice of Security
Interest in Copyrights with the United State Patent and Trademark Office and the
United States Copyright Office, as applicable, the Liens granted hereunder with
respect to the Grantors' interest in their Intellectual Property are enforceable
as such as against any and all creditors of and purchasers from Grantors.
(h) Grantors (i) are corporations duly organized, validly
existing and in good standing under the laws of the State of Delaware and
California, as applicable; (ii) are duly qualified to conduct business and are
in good standing in each other jurisdiction where their ownership or lease of
property or the conduct of their business requires such qualification except
where the failure to be so qualified does not and would not have a material
adverse effect on the business, properties or assets of the Grantors; (iii) have
the requisite power and authority and the legal right to own, pledge, mortgage
or otherwise encumber and operate their properties, to lease the property they
operate under lease and to conduct their businesses as now, heretofore and
proposed to be conducted; (iv) have all material licenses, permits, consents or
approvals from or by, and have made all material filings with, and have given
all material notices to, all Governmental Authorities having jurisdiction, to
the extent required for such ownership, operation and conduct; and (v) are in
compliance with their charter, bylaws, and all applicable provisions of law,
except where the failure to comply, individually or in the aggregate, could not
reasonably be expected to have a material adverse effect upon Grantors.
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(i) The execution, delivery and performance by Grantors of
this Security Agreement, the Notice of Security Interest in Patents and
Trademarks, and the Notice of Security Interest in Copyrights and the creation
of all Liens provided for herein or therein: (i) are within Grantors' powers;
(ii) have been duly authorized by all necessary corporate action; (iii) do not
contravene any provision of Grantors' charters or bylaws; (iv) do not violate
any law or regulation, or any order or decree of any court or Governmental
Authority; (v) do not conflict with or result in the breach or termination of,
constitute a default under or accelerate or permit the acceleration of any
performance required by, any indenture, mortgage, deed of trust, lease,
agreement or other instrument to which such Person is a party or by which such
Person or any of its property is bound; (vi) do not result in the creation or
imposition of any Lien upon any of the property of such Person other than those
in favor of Secured Party pursuant to this Security Agreement; and (vii) do not
require the consent or approval of any Governmental Authority or any other
Person except to the extent any such consent was obtained prior to the date
hereof. This Security Agreement, the Notice of Security Interest in Patents and
Trademarks and the Notice of Security Interest in Copyrights executed
contemporaneously herewith have been duly executed and delivered by Grantors.
This Security Agreement, each Notice of Security Interest in Patents and
Trademarks, and each Notice of Security Interest in Copyrights executed
contemporaneously herewith shall constitute a legal, valid and binding
obligation of Grantors enforceable against them in accordance with its terms.
(j) No Fraudulent Transfers. No transfer of property is being
made by Grantors and no obligation is being incurred by Grantors in connection
with the transactions contemplated by this Security Agreement with the intent to
hinder, delay, or defraud either present or future creditors of Grantors.
5. Covenants. Grantors covenant and agree with Secured Party that from and after
the date of this Security Agreement and until the Termination Date:
(a) Further Assurances; Pledge of Instruments; Chattel Paper.
(i) At any time and from time to time, upon the
written request of Secured Party and at the sole expense of Grantors, Grantors
shall promptly and duly execute and deliver any and all such further instruments
and documents and take such further actions as Secured Party may deem desirable
to obtain the full benefits of this Security Agreement and of the rights and
powers herein granted, including (A) using best efforts to secure all consents
and approvals necessary or appropriate for the assignment to or for the benefit
of Secured Party of any License or Contract held by Grantors and to enforce the
security interests granted hereunder, and (B) filing any financing or
continuation statements under the Code with respect to the Liens granted
hereunder.
(ii) Unless Secured Party shall otherwise consent in
writing (which consent may be revoked), Grantors shall deliver to Secured Party
all Collateral consisting of negotiable Documents, certificated securities,
Chattel Paper and Instruments (in each case, accompanied by stock powers,
allonges or other instruments of transfer executed in blank) promptly after
Grantors receive the same.
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(iii) Grantors shall obtain or use best efforts to
obtain waivers or subordinations of Liens from landlords and mortgagees, and
Grantors shall in all instances obtain signed acknowledgements of Secured
Party's Liens from bailees having possession of Grantors' Goods that they hold
for the benefit of Secured Party.
(iv) If requested by Secured Party, Grantors shall
obtain authenticated Control Letters from each issuer of uncertificated
securities, securities intermediary, or commodities intermediary issuing or
holding any financial assets or commodities to or for Grantors.
(v) If Grantors are or become the beneficiary(ies) of
a letter of credit Grantors shall promptly, and in any event within two (2)
Business Days after becoming beneficiary(ies), notify Secured Party thereof and,
if requested by Secured Party, enter into a tri-party agreement with Secured
Party and the issuer and/or confirmation bank with respect to Letter-of-Credit
Rights assigning such Letter-of-Credit Rights to Secured Party and directing all
payments thereunder upon and during the continuance of a Default or Event of
Default to be made to an account identified by Secured Party, all in form and
substance reasonably satisfactory to Secured Party.
(vi) Grantors shall take all steps necessary to grant
the Secured Party control of all electronic chattel paper in accordance with the
Code and all "transferable records" as defined in each of the Uniform Electronic
Transactions Act and the Electronic Signatures in Global and National Commerce
Act.
(vii) Grantors hereby irrevocably authorize the
Secured Party at any time and from time to time to file in any filing office in
any Uniform Commercial Code jurisdiction any initial financing statements and
amendments thereto that (a) indicate the Collateral (i) as all assets of
Grantors or words of similar effect, regardless of whether any particular asset
comprised in the Collateral falls within the scope of Article 9 of the Code or
such jurisdiction, or (ii) as being of an equal or lesser scope or with greater
detail, and (b) contain any other information required by the Code for the
sufficiency or filing office acceptance of any financing statement or amendment,
including (i) whether Grantors are organizations, the types of organizations and
any organization identification number issued to such Grantors, and (ii) in the
case of a financing statement filed as a fixture filing or indicating Collateral
as as-extracted collateral or timber to be cut, a sufficient description of real
property to which the Collateral relates. Grantors agree to furnish any such
information to the Secured Party promptly upon request. Grantors also ratify
their authorization for the Secured Party to have filed in any Uniform
Commercial Code jurisdiction any initial financing statements or amendments
thereto if filed prior to the date hereof.
(viii) Grantors shall as soon as commercially
practicable after the same is acquired by it, notify Secured Party of any
commercial tort claim (as defined in the Code) acquired by it and unless
otherwise consented by Secured Party, Grantors shall enter into a supplement to
this Security Agreement, granting to Secured Party a Lien in such commercial
tort claim.
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(ix) Grantors shall as soon as commercially
practicable after forming or investing in any Wholly-Owned Subsidiary, or any
Subsidiary in which any Affiliate owns any Equity Security, cause such
Subsidiary to grant to Secured Party a first priority lien in all assets of such
Subsidiary pursuant to a security agreement in substantially the same form as
this Agreement. Grantors shall be under no obligation to cause any such
Subsidiary to grant any lien in their assets so long as the sole owners of
Equity Securities of such Subsidiary consist of Grantors and Persons who are not
Affiliates; provided, however, that if an Affiliate after the formation of any
such Subsidiary becomes an owner of any Equity Security in such Subsidiary, then
Grantors shall as soon as commercially practicable thereafter cause such
Subsidiary to grant to Secured Party a first priority lien in all assets of such
Subsidiary pursuant to a security agreement in substantially the same form as
this Agreement. Grantors will on demand pay any reasonable attorneys fees
incurred by Secured Party relating to or in connection with the granting of a
lien to Secured Party by any Subsidiary pursuant to this Section 5(a)(ix).
(b) Maintenance of Records. Grantors shall keep and maintain,
at their own cost and expense, satisfactory and complete records of the
Collateral, including a record of any and all payments received and any and all
credits granted with respect to the Collateral and all other dealings with the
Collateral. Grantors shall ▇▇▇▇ their books and records pertaining to the
Collateral to evidence this Security Agreement and the Liens granted hereby. If
Grantors retain possession of any Chattel Paper or Instruments with Secured
Party's consent, such Chattel Paper and Instruments shall be marked with the
following legend: "This writing and the obligations evidenced or secured hereby
are subject to the security interest of ▇. ▇▇▇▇▇▇▇▇ family Investment, L.P., as
Secured Party."
(c) Covenants Regarding Patent, Trademark and Copyright
Collateral.
(i) Grantors shall provide reasonable notice to
Secured Party of any material change to any application or registration relating
to any Patent, Trademark or Copyright (now or hereafter existing), including
information that such application or registration is or may become abandoned,
finally refused or expired or dedicated, or of any adverse determination or
development (including the institution of, or any such determination or
development in, any proceeding in the United States Patent and Trademark Office,
the United States Copyright Office or any court) regarding Grantors' ownership
of any Patent, Trademark or Copyright, right to register the same, or to keep
and exclusively maintain the same.
(ii) In no event shall Grantors, either directly or
through any agent, employee, licensee or designee, file an application for the
registration of any Patent, Trademark or Copyright with the United States Patent
and Trademark Office, the United States Copyright Office or any similar office
or agency without giving Secured Party prior written notice thereof, and, upon
request of Secured Party, Grantors shall execute and deliver any and all
applicable Notices of Security Interests in Patents and Trademarks and Notices
of Security Interests in Copyrights as Secured Party may request to evidence
Secured Party's Lien on such Patent, Trademark or Copyright, and the General
Intangibles of Grantors relating thereto or represented thereby.
(iii) Grantors shall take all actions necessary or
requested by Secured Party to maintain and pursue each application, to obtain
the relevant registration and to maintain the registration of each of the
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Patents, Trademarks and Copyrights (now or hereafter existing), including the
filing of applications for renewal, affidavits of continued use, affidavits of
incontestability and opposition and interference and cancellation proceedings,
unless Grantors reasonably shall determine that such Patent, Trademark or
Copyright is not material to the conduct of their business.
(iv) In the event that any of the Patent, Trademark
or Copyright Collateral is infringed upon, or misappropriated or diluted by a
third party, Grantors shall comply with Section 5(a)(viii) of this Security
Agreement. Grantors shall, unless they shall reasonably determine that such
Patent, Trademark or Copyright Collateral is not material to the conduct of
their business or operations, promptly ▇▇▇ for infringement, misappropriation or
dilution and to recover any and all damages for such infringement,
misappropriation or dilution, and shall take such other actions as Secured Party
shall deem appropriate under the circumstances to protect such Patent, Trademark
or Copyright Collateral.
(v) Concurrently herewith, Grantors shall deliver to
Secured Party: (A) a written notice in the form of Exhibit 5(c)(v)(A) (a "Notice
of Security Interest in Patents and Trademarks") in respect of all Patents and
Trademarks in which such Grantors have interest (including by way of exclusive
license), for filing with the United States Patent and Trademark Office, (B) a
written notice in the form of Exhibit 5(c)(v)(B) (a "Notice of Security Interest
in Copyrights") in respect of all Copyrights in which such Grantors has an
interest (including by way of an exclusive license), for filing with the United
States Copyright Office, and (C) all other supplemental documentation necessary
to perfect the security interest granted hereby with respect to all Intellectual
Property for filing in the appropriate governmental office, including any
foreign office in which any such Intellectual Property may be registered or
otherwise on file, in each case, duly completed and executed.
(d) Indemnification. In any suit, proceeding or action brought
by Secured Party relating to any Collateral for any sum owing with respect
thereto or to enforce any rights or claims with respect thereto, Grantors will
save, indemnify and keep Secured Party harmless from and against all expense
(including reasonable attorneys' fees and expenses), loss or damage suffered by
reason of any defense, setoff, counterclaim, recoupment or reduction of
liability whatsoever of the Account Debtor or other Person obligated on the
Collateral, arising out of a breach by Grantors of any obligation thereunder or
arising out of any other agreement, indebtedness or liability at any time owing
to, or in favor of, such obligor or successors from Grantors, except in the case
of Secured Party, to the extent such expense, loss, or damage is attributable
solely to the gross negligence or willful misconduct of Secured Party as finally
determined by a court of competent jurisdiction. All such obligations of
Grantors shall be and remain enforceable against and only against Grantors and
shall not be enforceable against Secured Party.
(e) Compliance with Terms of Accounts, etc. In all material
respects, Grantors will perform and comply with all obligations in respect of
the Collateral and all other agreements to which they are parties or by which
they are bound relating to the Collateral.
(f) Limitation on Liens on Collateral. Grantors will not
create, permit or suffer to exist, and will defend the Collateral against, and
take such other action as is necessary to remove, any Lien on the Collateral
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except Permitted Encumbrances and Permitted Junior Liens, and will defend the
right, title and interest of Secured Party in and to any of Grantors' rights
under the Collateral against the claims and demands of all Persons whomsoever.
(g) Limitations on Disposition. Grantors will not sell, lease,
license, transfer or otherwise dispose of any of the Collateral (including
without limitation any such transfer or disposition by way of capital or equity
contribution to another Person), or attempt or contract to do so except for (i)
sales, exchanges, trade-ins or other dispositions of Equipment that is
substantially worn, damaged, or obsolete in the ordinary course of business,
(ii) sales of Inventory to buyers in the ordinary course of business, and (iii)
licenses by Grantors of Patents, Trademarks, Copyrights, and other intellectual
property rights in the ordinary course of business, and not in a transaction or
as part of a series of related transactions whereby substantially all of the
Grantors' assets are transferred to one or more Persons, to (x) a Person that is
not an Affiliate or (y) if such transaction has been approved in advance by
Grantors' respective board of directors, a Person that is a Subsidiary;
provided, that a license shall be deemed to be not in the ordinary course of
business for purposes of this subsection if it is an exclusive license, unless
either (I) such license has been approved in advance by Grantors' board of
directors, or (II) such license relates only to a single product. The rights of
the transferee or licensee with respect to any transfer or license as authorized
in this subsection will be free and clear of the security interest of Secured
Party hereunder; provided, however, that such security interest shall in the
event of any such transfer or license continue to attach to all rights of
Grantors pursuant to such transfer or license and the proceeds of such transfer
or license as provided elsewhere herein.
(h) Further Identification of Collateral. Grantors will, if so
requested by Secured Party, furnish to Secured Party, as often as Secured Party
requests, statements and schedules further identifying and describing the
Collateral and such other reports in connection with the Collateral as Secured
Party may reasonably request, all in such detail as Secured Party may specify.
(i) Notices. Grantors will advise Secured Party promptly, in
reasonable detail, (i) of any Lien (other than Permitted Encumbrances) or claim
made or asserted against any of the Collateral, and (ii) of the occurrence of
any other event which would have a material adverse effect on the aggregate
value of the Collateral or on the Liens created hereunder.
(j) No Reincorporation; No Non-Ordinary Course Transactions.
Grantors shall not reincorporate or reorganize under the laws of any
jurisdiction other than the jurisdiction in which they were incorporated as of
the date hereof without the prior written consent of Secured Party. Grantors
shall not consummate or commit to consummate any non-ordinary course
transaction.
(k) Terminations; Amendments Not Authorized. Other than the
filing of financing statements in connection with the perfection of Permitted
Encumbrances or a Permitted Junior Lien, Grantors acknowledge that they are not
authorized to file any financing statement or amendment or termination statement
with respect to any financing statement without the prior written consent of
Secured Party and agree not do so without the prior written consent of Secured
Party, subject to such Grantors' rights under Section 9-509(d)(2) of the Code.
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(l) Limitation on Dividends and other Distributions. Grantors
shall not declare or pay any dividend, repurchase or redeem any shares of
capital stock, or make any other "distribution to shareholders" (as such term is
defined in Section 166 of the California Corporations Code) without the prior
written consent of Secured Party.
6. Secured Party's Appointment as Attorney-in-Fact. Contemporaneously
herewith, Grantors shall execute and deliver to Secured Party a power of
attorney (the "Power of Attorney") substantially in the form attached hereto as
Exhibit A. The power of attorney granted pursuant to the Power of Attorney is a
power coupled with an interest and shall be irrevocable until the Termination
Date. The powers conferred on Secured Party under the Power of Attorney are
solely to protect Secured Party's interests in the Collateral and shall not
impose any duty upon Secured Party to exercise any such powers. Secured Party
agrees that (a) except for the powers granted in clause (h) of the Power of
Attorney, it shall not exercise any power or authority granted under the Power
of Attorney unless an Event of Default has occurred and is continuing, and (b)
Secured Party shall account for any monies received by Secured Party in respect
of any foreclosure on or disposition of Collateral pursuant to the Power of
Attorney, provided that Secured Party shall have no duty as to any Collateral,
and Secured Party shall be accountable only for amounts that it actually
receives as a result of the exercise of such powers. NONE OF SECURED PARTY OR
ITS AFFILIATES, AGENTS OR REPRESENTATIVES SHALL BE RESPONSIBLE TO GRANTORS FOR
ANY ACT OR FAILURE TO ACT UNDER ANY POWER OF ATTORNEY OR OTHERWISE, EXCEPT IN
RESPECT OF DAMAGES ATTRIBUTABLE SOLELY TO THEIR OWN GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION, NOR FOR
ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES.
7. Remedies, Rights Upon Default.
(a) In addition to all other rights and remedies granted to it
under this Security Agreement and under any other instrument or agreement
securing, evidencing or relating to any of the Obligations, if any Event of
Default shall have occurred and be continuing, Secured Party may exercise all
rights and remedies of a secured party under the Code. Without limiting the
generality of the foregoing, Grantors expressly agree that in any such event
Secured Party, without demand of performance or other demand, advertisement or
notice of any kind (except the notice specified below of time and place of
public or private sale) to or upon Grantors or any other Person (all and each of
which demands, advertisements and notices are hereby expressly waived to the
maximum extent permitted by the Code and other applicable law), may forthwith
enter upon the premises of Grantors where any Collateral is located through
self-help, without judicial process, without first obtaining a final judgment or
giving Grantors or any other Person notice and opportunity for a hearing on
Secured Party's claim or action, and may collect, receive, assemble, process,
appropriate and realize upon the Collateral, or any part thereof, and may
forthwith sell, lease, license, assign, give an option or options to purchase,
or sell or otherwise dispose of and deliver said Collateral (or contract to do
so), or any part thereof, in one or more parcels at a public or private sale or
sales, at any exchange at such prices as it may deem acceptable, for cash or on
credit or for future delivery without assumption of any credit risk. Secured
Party shall have the right upon any such public sale or sales and, to the extent
permitted by law, upon any such private sale or sales, to purchase the whole or
any part of said Collateral so sold, free of any right or equity of redemption,
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which equity of redemption Grantors hereby release. Such sales may be adjourned
and continued from time to time with or without notice. Secured Party shall have
the right to conduct such sales on Grantors' premises or elsewhere and shall
have the right to use Grantors' premises without charge for such time or times
as Secured Party deems necessary or advisable. If any Event of Default shall
have occurred and be continuing, Grantors further agree, at Secured Party's
request, to assemble the Collateral and make it available to Secured Party at a
place or places designated by Secured Party which are reasonably convenient to
Secured Party and Grantors, whether at Grantors' premises or elsewhere. Until
Secured Party is able to effect a sale, lease, license or other disposition of
Collateral, Secured Party shall have the right to hold or use Collateral, or any
part thereof, to the extent that it deems appropriate for the purpose of
preserving Collateral or its value or for any other purpose deemed appropriate
by Secured Party. Secured Party shall have no obligation to Grantors to maintain
or preserve the rights of Grantors as against third parties with respect to
Collateral while Collateral is in the possession of Secured Party. Secured Party
may, if it so elects, seek the appointment of a receiver or keeper to take
possession of Collateral and to enforce any of Secured Party's remedies with
respect to such appointment without prior notice or hearing as to such
appointment. Secured Party shall apply the net proceeds of any such collection,
recovery, receipt, appropriation, realization or sale to the Obligations as
Secured Party shall determine in its sole discretion, and only after so paying
over such net proceeds, and after the payment by Secured Party of any other
amount required by any provision of law, need Secured Party account for the
surplus, if any, to Grantors. To the maximum extent permitted by applicable law,
Grantors waive all claims, damages, and demands against Secured Party arising
out of the repossession, retention or sale of the Collateral except such as
arise solely out of the gross negligence or willful misconduct of Secured Party
as finally determined by a court of competent jurisdiction. Grantors agree that
ten (10) days prior notice by Secured Party of the time and place of any public
sale or of the time after which a private sale may take place is reasonable
notification of such matters. Grantors shall remain liable for any deficiency if
the proceeds of any sale or disposition of the Collateral are insufficient to
pay all Obligations, including any attorneys' fees and other expenses incurred
by Secured Party to collect such deficiency.
(b) Except as otherwise specifically provided herein, Grantors
hereby waive presentment, demand, protest or any notice (to the maximum extent
permitted by applicable law) of any kind in connection with this Security
Agreement or any Collateral.
(c) To the extent that applicable law imposes duties on the
Secured Party to exercise remedies in a commercially reasonable manner, Grantors
acknowledge and agree that it is not commercially unreasonable for the Secured
Party (i) to fail to incur expenses reasonably deemed significant by the Secured
Party to prepare Collateral for disposition or otherwise to complete raw
material or work in process into finished goods or other finished products for
disposition, (ii) to fail to obtain third party consents for access to
Collateral to be disposed of, or to obtain or, if not required by other law, to
fail to obtain governmental or third party consents for the collection or
disposition of Collateral to be collected or disposed of, (iii) to fail to
exercise collection remedies against Account Debtors or other Persons obligated
on Collateral or to remove Liens on or any adverse claims against Collateral,
(iv) to exercise collection remedies against Account Debtors and other Persons
obligated on Collateral directly or through the use of collection agencies and
other collection specialists, (v) to advertise dispositions of Collateral
11
through publications or media of general circulation, whether or not the
Collateral is of a specialized nature, (vi) to contact other Persons, whether or
not in the same business as the Grantors, for expressions of interest in
acquiring all or any portion of such Collateral, (vii) to hire one or more
professional auctioneers to assist in the disposition of Collateral, whether or
not the Collateral is of a specialized nature, (viii) to dispose of Collateral
by utilizing internet sites that provide for the auction of assets of the types
included in the Collateral or that have the reasonable capacity of doing so, or
that match buyers and sellers of assets, (ix) to dispose of assets in wholesale
rather than retail markets, (x) to disclaim disposition warranties, such as
title, possession or quiet enjoyment, or (xi) to the extent deemed appropriate
by the Secured Party, to obtain the services of other brokers, investment
bankers, consultants and other professionals to assist the Secured Party in the
collection or disposition of any of the Collateral. Grantors acknowledge that
the purpose of this Section 7(c) is to provide non-exhaustive indications of
what actions or omissions by the Secured Party would not be commercially
unreasonable in the Secured Party's exercise of remedies against the Collateral
and that other actions or omissions by the Secured Party shall not be deemed
commercially unreasonable solely on account of not being indicated in this
Section 7(c). Without limitation upon the foregoing, nothing contained in this
Section 7(c) shall be construed to grant any rights to Grantors or to impose any
duties on Secured Party that would not have been granted or imposed by this
Security Agreement or by applicable law in the absence of this Section 7(c).
(d) Secured Party shall not be required to make any demand
upon, or pursue or exhaust any of their rights or remedies against, Grantors,
any other obligor, guarantor, pledgor or any other Person with respect to the
payment of the Obligations or to pursue or exhaust any of their rights or
remedies with respect to any Collateral therefor or any direct or indirect
guarantee thereof. Secured Party shall not be required to marshal the Collateral
or any guarantee of the Obligations or to resort to the Collateral or any such
guarantee in any particular order, and all of its and their rights hereunder
shall be cumulative. To the extent they may lawfully do so, Grantors absolutely
and irrevocably waive and relinquish the benefit and advantage of, and covenant
not to assert against Secured Party, any valuation, stay, appraisement,
extension, redemption or similar laws and any and all rights or defense they may
have as a sureties now or hereafter existing which, but for this provision,
might be applicable to the sale of any Collateral made under the judgment, order
or decree of any court, or privately under the power of sale conferred by this
Security Agreement, or otherwise.
8. Grant of License to use Intellectual Property. For the sole purpose
of enabling Secured Party to exercise rights and remedies under Section 7 hereof
(including, without limiting the terms of Section 7 hereof, in order to take
possession of, hold, preserve, process, assemble, prepare for sale, market for
sale, sell or otherwise dispose of Collateral) at such time as Secured Party
shall be lawfully entitled to exercise such rights and remedies, Grantors hereby
grant to Secured Party an irrevocable, nonexclusive license (exercisable without
payment of royalty or other compensation to Grantors) to use, license or
sublicense any Intellectual Property now owned or hereafter acquired by
Grantors, and wherever the same may be located, and including in such license
access to all media in which any of the licensed items may be recorded or stored
and to all computer software and programs used for the compilation or printout
thereof.
9. Limitation on Secured Party's Duties in Respect of Collateral.
Secured Party shall use reasonable care with respect to the Collateral in its
possession or under its control. Secured Party shall not have any other duty as
12
to any Collateral in its possession or control or in the possession or control
of any agent or nominee of Secured Party, or any income thereon or as to the
preservation of rights against prior parties or any other rights pertaining
thereto.
10. Reinstatement. This Security Agreement shall remain in full force
and effect and continue to be effective should any petition be filed by or
against Grantors for liquidation or reorganization, should Grantors become
insolvent or make an assignment for the benefit of any creditor or creditors or
should a receiver or trustee be appointed for all or any significant part of
Grantors' assets, and shall continue to be effective or be reinstated, as the
case may be, if at any time payment and performance of the obligations, or any
part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee of the Obligations,
whether as a "voidable preference," "fraudulent conveyance," or otherwise, all
as though such payment or performance had not been made. In the event that any
payment, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall be reinstated and deemed reduced only by such amount paid and
not so rescinded, reduced, restored or returned.
11. Notices. Except as otherwise provided herein, whenever it is
provided herein that any notice, demand, request, consent, approval, declaration
or other communication shall or may be given to or served upon any of the
parties by any other party, or whenever any of the parties desires to give and
serve upon any other party any communication with respect to this Security
Agreement, each such notice, demand, request, consent, approval, declaration or
other communication shall be in writing and shall be given (a) if to Grantors,
to Grantors' address(es) set forth below the names on the signature page hereof,
and (b) if to Secured Party, to Secured Party's address set forth below its name
on the signature page hereof, with a copy to ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇, LLP,
One Arizona Center, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, or
to such other address as either party may furnish to the others in writing,
making specific reference to this Section 11.
12. Severability. Whenever possible, each provision of this Security
Agreement shall be interpreted in a manner as to be effective and valid under
applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity without invalidating
the remainder of such provision or the remaining provisions of this Security
Agreement. This Security Agreement sets forth the complete understanding and
agreement of Secured Party and Grantors with respect to the matters referred to
herein.
13. No Waiver, Cumulative Remedies. Secured Party shall not by any act,
delay, omission or otherwise be deemed to have waived any of its rights or
remedies hereunder, and no waiver shall be valid unless in writing, signed by
Secured Party and then only to the extent therein set forth. A waiver by Secured
Party of any right or remedy hereunder on any one occasion shall not be
construed as a bar to any right or remedy which Secured Party would otherwise
have had on any future occasion. No failure to exercise nor any delay in
exercising on the part of Secured Party, any right, power or privilege
hereunder, shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege hereunder preclude any other or future
exercise thereof or the exercise of any other right, power or privilege. The
rights and remedies hereunder provided are cumulative and may be exercised
singly or concurrently, and are not exclusive of any rights and remedies
13
provided by law. None of the terms or provisions of this Security Agreement may
be waived, altered, modified or amended except by an instrument in writing, duly
executed by Secured Party and Grantors.
14. Limitation by Law. All rights, remedies and powers provided in this
Security Agreement may be exercised only to the extent that the exercise thereof
does not violate any applicable provision of law, and all the provisions of this
Security Agreement are intended to be subject to all applicable mandatory
provisions of law that may be controlling and to be limited to the extent
necessary so that they shall not render this Security Agreement invalid,
unenforceable, in whole or in part, or not entitled to be recorded, registered
or filed under the provisions of any applicable law.
15. Termination of this Security Agreement. Subject to Section 10
hereof, this Security Agreement shall terminate upon the Termination Date.
16. Successors and Assigns. This Security Agreement and all obligations
of Grantors hereunder shall be binding upon the successors and assigns of
Grantors (including any debtor-in-possession on behalf of Grantors) and shall,
together with the rights and remedies of Secured Party hereunder, inure to the
benefit of Secured Party, all future holders of any instrument evidencing any of
the Obligations and their respective successors and assigns. No sales of
participations, other sales, assignments, transfers or other dispositions of any
agreement governing or instrument evidencing the Obligations or any portion
thereof or interest therein shall in any manner affect the Lien granted to
Secured Party hereunder. Grantors may not assign, sell, hypothecate or otherwise
transfer any interest in or obligation under this Security Agreement and any
unconsented transfer shall be void ab initio.
17. Counterparts. This Security Agreement may be authenticated in any
number of separate counterparts, each of which shall collectively and separately
constitute one and the same agreement. This Security Agreement may be
authenticated by manual signature, facsimile, or if approved in writing by
Secured Party, electronic means, all of which shall be equally valid.
18. Governing Law. IN ALL RESPECTS, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS SECURITY AGREEMENT AND THE
OBLIGATIONS ARISING HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ARIZONA, APPLICABLE TO CONTRACTS
MADE AND PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS OF THE UNITED STATES OF
AMERICA. GRANTORS HEREBY CONSENT AND AGREE THAT THE STATE OR FEDERAL COURTS
LOCATED IN MARICOPA COUNTY, PHOENIX, ARIZONA, SHALL HAVE EXCLUSIVE JURISDICTION
TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN GRANTORS AND SECURED PARTY
PERTAINING TO THIS SECURITY AGREEMENT OR TO ANY MATTER ARISING OUT OF OR
RELATING TO THIS SECURITY AGREEMENT, PROVIDED, THAT SECURED PARTY AND GRANTORS
ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT
LOCATED OUTSIDE OF MARICOPA COUNTY, AND, PROVIDED, FURTHER, NOTHING IN THIS
AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE SECURED PARTY FROM BRINGING
SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE
14
COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT
OR OTHER COURT ORDER IN FAVOR OF SECURED PARTY. GRANTORS EXPRESSLY SUBMIT AND
CONSENT IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY
SUCH COURT, AND GRANTORS HEREBY WAIVE ANY OBJECTION WHICH THEY MAY HAVE BASED
UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND
HEREBY CONSENT TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED
APPROPRIATE BY SUCH COURT. GRANTORS HEREBY WAIVE PERSONAL SERVICE OF THE
SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREE
THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL ADDRESSED TO GRANTORS AT THE ADDRESS SET FORTH ON
THE SIGNATURE PAGES HERETO AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED
UPON THE EARLIER OF ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN
THE U.S. MAILS, PROPER POSTAGE PREPAID.
19. Waiver of Jury Trial. BECAUSE DISPUTES ARISING IN CONNECTION WITH
COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN
EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL
LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT DISPUTES
ARISING HEREUNDER OR RELATING HERETO BE RESOLVED BY A JUDGE APPLYING SUCH
APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF
THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN SECURED PARTY AND
GRANTOR ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED IN CONNECTION WITH, THIS SECURITY AGREEMENT OR THE
TRANSACTIONS RELATED HERETO OR THERETO.
20. Section Titles. The Section titles contained in this Security
Agreement are and shall be without substantive meaning or content of any kind
whatsoever and are not a part of the agreement between the parties hereto.
21. No Strict Construction. The parties hereto have participated
jointly in the negotiation and drafting of this Security Agreement. In the event
an ambiguity or question of intent or interpretation arises, this Security
Agreement shall be construed as if drafted jointly by the parties hereto and no
presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any provisions of this Security Agreement.
22. Advice of Counsel. Each of the parties represents to each other
party hereto that it has discussed this Security Agreement and, specifically,
the provisions of Section 18 and Section 19, with its counsel.
15
23. Integration. This Security Agreement, together with the other
agreements, documents, and instruments executed in connection with the
foregoing, reflect the entire understanding of the parties with respect to the
transactions contemplated hereby and shall not be contradicted or qualified by
any other agreement, oral or written, before the date hereof.
16
IN WITNESS WHEREOF, each of the parties hereto has caused this
Security Agreement to be executed and delivered by its duly authorized officer
as of the date first set forth above.
NATIONAL LAMPOON, INC.,
As Grantor
By:
---------------------------------
Name:
-------------------------------
Title:
------------------------------
(ADDRESS) ___________________________
_____________________________________
Attention: _________________________
Facsimile No.: _____________________
NATIONAL LAMPOON NETWORKS, INC.,
As Grantor
By:
---------------------------------
Name:
-------------------------------
Title:
------------------------------
(ADDRESS) ___________________________
_____________________________________
Attention: _________________________
Facsimile No.: _____________________
NATIONAL LAMPOON TOURS, INC.,
As Grantor
By:
---------------------------------
Name:
-------------------------------
Title:
------------------------------
(ADDRESS) ___________________________
_____________________________________
Attention: _________________________
Facsimile No.: _____________________
17
Accepted and agreed to as of the
day and year first above written.
▇. ▇▇▇▇▇▇▇▇ FAMILY INVESTMENTS, L.P.
As Secured Party
By:
---------------------------------
Name:
Title:
18
ANNEX A
TO
SECURITY AGREEMENT
DEFINITIONS
Capitalized terms used in the Security Agreement shall have the
following respective meanings, and all references to Sections, Exhibits,
Schedules or Annexes in the following definitions shall refer to Sections,
Exhibits, Schedules or Annexes of or to the Security Agreement:
"Account Debtor" means any Person who is or may become obligated to
Grantors under, with respect to, or on account of, an Account, Chattel Paper or
General Intangibles (including a payment intangible).
"Accounts" means all "accounts," as such term is defined in the Code,
now owned or hereafter acquired by Grantors, including (a) all accounts
receivable, other receivables, book debts and other forms of obligations (other
than forms of obligations evidenced by Chattel Paper or Instruments) (including
any such obligations that may be characterized as an account or contract right
under the Code), (b) all of Grantors' rights in, to and under all purchase
orders or receipts for goods or services, (c) all of Grantors' rights to any
goods represented by any of the foregoing (including unpaid sellers' rights of
rescission, replevin, reclamation and stoppage in transit and rights to
returned, reclaimed or repossessed goods), (d) all rights to payment due to
Grantors for property sold, leased, licensed, assigned or otherwise disposed of,
for a policy of insurance issued or to be issued, for a secondary obligation
incurred or to be incurred, for energy provided or to be provided, for the use
or hire of a vessel under a charter or other contract, arising out of the use of
a credit card or charge card, or for services rendered or to be rendered by
Grantors or in connection with any other transaction (whether or not yet earned
by performance on the part of Grantors), (e) all health care insurance
receivables and (f) all collateral security of any kind, given by any Account
Debtor or any other Person with respect to any of the foregoing.
"Affiliate" means (a) any Person directly or indirectly controlling or
controlled by or under direct or indirect common control with Grantors, (b) any
employee or director of Grantors or any Person specified in clauses (a) or (b),
(c) any member of the immediate family (as that term is defined in Item 404(a)
of Regulation S-K promulgated by the Securities and Exchange Commission) of any
Person specified in clauses (a) or (b), (d) a Person in which one or more
Persons described in (a), (b) or (c) have a direct or indirect beneficial
interest (except an interest not exceeding 5% of a Person whose shares are
publicly traded) and (e) any associate (as such term is defined in Rule 12b-2
promulgated under the Securities Exchange Act of 1934, as amended) of any Person
specified in clauses (a), (b), (c) or (d). For the purposes of this definition,
"control," when used with respect to any specified person, means the power to
direct the management and policies of such person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise;
and the terms "controlling" and "controlled" have meanings correlative to the
foregoing.
19
"Bankruptcy Code" means the provisions of Title 11 of the United
States Code, 11 U.S.C. Sections 101 et seq. "Business Day" means any day that is
not a Saturday, a Sunday or a day on which banks are required or permitted to be
closed in the State of California;
"Charges" means all federal, state, county, city, municipal, local,
foreign or other governmental taxes, levies, assessments, charges, liens, claims
or encumbrances upon or relating to (a) the Collateral, (b) the Obligations, (c)
the employees, payroll, income or gross receipts of Grantors, (d) Grantors'
ownership or use of any properties or other assets, or (e) any other aspect of
Grantors' business.
"Chattel Paper" means any "chattel paper," as such term is defined in
the Code, including electronic chattel paper, now owned or hereafter acquired by
Grantors.
"Code" means the Uniform Commercial Code as the same may, from time to
time, be enacted and in effect in the State of Delaware; provided, that to the
extent that the Code is used to define any term herein and such term is defined
differently in different Articles of the Code, the definition of such term
contained in Article 9 shall govern; provided further, that in the event that,
by reason of mandatory provisions of law, any or all of the attachment,
perfection or priority of, or remedies with respect to, Secured Party' Lien on
any Collateral is governed by the Uniform Commercial Code as enacted and in
effect in a jurisdiction other than the State of Delaware, the term "Code" shall
mean the Uniform Commercial Code as enacted and in effect in such other
jurisdiction solely for purposes of the provisions thereof relating to such
attachment, perfection, priority or remedies and for purposes of definitions
related to such provisions.
"Collateral" has the meaning ascribed to it in Section 2(a).
"Contracts" means all "contracts," as such term is defined in the
Code, now owned or hereafter acquired by Grantors, in any event, including all
contracts, undertakings, or agreements (other than rights evidenced by Chattel
Paper, Documents or Instruments) in or under which Grantors may now or hereafter
have any right, title or interest, including any agreement relating to the terms
of payment or the terms of performance of any Product.
"Control Letter" means a letter agreement between Secured Party and
(i) the issuer of uncertificated securities with respect to uncertificated
securities in the name of Grantors, (ii) a securities intermediary with respect
to securities, whether certificated or uncertificated, securities entitlements
and other financial assets held in a securities account in the name of Grantors,
(iii) a futures commission merchant or clearing house, as applicable, with
respect to commodity accounts and commodity contracts held by Grantors, whereby,
among other things, the issuer, securities intermediary or futures commission
merchant disclaims any security interest in the applicable financial assets,
acknowledges the Lien of Secured Party on such financial assets, and agrees to
follow the instructions or entitlement orders of Secured Party without further
consent by Grantors.
"Copyright License" means any and all rights now owned or hereafter
acquired by Grantors under any written agreement granting any right to use any
Copyright or Copyright registration.
20
"Copyright" means all of the following now owned or hereafter adopted
or acquired by Grantors: (a) all copyrights, all Product, and General
Intangibles of like nature (whether registered or unregistered), all
registrations and recordings thereof, and all applications in connection
therewith, including all registrations, recordings and applications in the
United States Copyright Office or in any similar office or agency of the United
States, any state or territory thereof, or any other country or any political
subdivision thereof, and (b) all reissues, extensions or renewals thereof.
"Default" means any event that, with the passage of time or notice or
both, would, unless cured or waived, become an Event of Default.
"Deposit Accounts" means all "deposit accounts" as such term is
defined in the Code, nor or hereafter held in the name of Grantors.
"Designated Breach" shall mean any breach by the Grantors of Sections
5(a)(ii), 5(a)(v), 5(a)(viii), 5(c)(i), 5(c)(ii), 5(f), 5(g), 5(i), 5(j), 5(k),
or 16 of this Agreement.
"Documents" means all "documents," as such term is defined in the
Code, now owned or hereafter acquired by Grantors, wherever located.
"Dollars" or "$" means lawful currency of the United States of
America.
"Equipment" means all "equipment," as such term is defined in the
Code, now owned or hereafter acquired by Grantors, wherever located and, in any
event, including all Grantors' machinery and equipment, including processing
equipment, conveyors, machine tools, data processing and computer equipment,
including embedded software and peripheral equipment and all engineering,
processing and manufacturing equipment, office machinery, furniture, materials
handling equipment, tools, attachments, accessories, automotive equipment,
trailers, trucks, forklifts, molds, dies, stamps, motor vehicles, rolling stock
and other equipment of every kind and nature, trade fixtures and fixtures not
forming a part of real property, together with all additions and accessions
thereto, replacements therefor, all parts therefor, all substitutes for any of
the foregoing, fuel therefor, and all manuals, drawings, instructions,
warranties and rights with respect thereto, and all products and proceeds
thereof and condemnation awards and insurance proceeds with respect thereto.
"Equity Security" means (a) in the case of a corporation, corporate
stock, (b) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of
corporate stock, (c) in the case of a partnership, partnership interests
(whether general or limited), (d) in the case of a limited liability company,
limited liability company interests, (e) any other interest or participation
that confers on a Person the right to receive a share of the profits and losses
of, or distributions of assets of, the issuing Person and (f) any stock or
security that is directly or indirectly convertible into, exercisable for, or
exchangeable for any of the securities described in clauses (a), (b), (c), (d)
and (e) above, including without limitation any option, warrant or exchangeable
debt security.
"Event of Default" means (a) the failure by Grantors to pay any
amounts when due to Secured Party under the Secured Promissory Note or the
occurrence of any other event of default thereunder; (b) any material breach of
21
any obligation of Grantors pursuant to this Agreement not constituting a payment
obligation, or (c) the bankruptcy, insolvency, or liquidation of any Grantor.
"Event of Default Designated Breach" means any breach by Grantors of
Sections 5(a)(ii) (as it relates to a pledge of Grantors' equity interests with
respect to any Subsidiary), 5(a)(ix), 5(f), 5(g), 5(i), 5(j), 5(k), 5(l) or 16
of this Agreement and any breach by Grantors of any obligation of Grantors under
the Secured Promissory Note not constituting a payment obligation.
"Fixtures" means all "fixtures" as such term is defined in the Code,
now owned or hereafter acquired by Grantors.
"GAAP" means generally accepted accounting principles in the United
States of America consistently applied.
"General Intangibles" means all "general intangibles," as such term is
defined in the Code, now owned or hereafter acquired by Grantors, including all
right, title and interest that Grantors may now or hereafter have in or under
any Contract, all payment intangibles, customer lists, Licenses, Copyrights,
Trademarks, Patents, and all applications therefor and reissues, extensions or
renewals thereof, rights in Intellectual Property (including any collateral,
allied, subsidiary or merchandising rights appurtenant or related to any Product
or rights to distribute, sell, rent, license the exhibition of, and otherwise
exploit and turn to account any Product), interests in partnerships, joint
ventures and other business associations, licenses, permits, copyrights, trade
secrets, proprietary or confidential information, inventions (whether or not
patented or patentable), technical information, procedures, designs, knowledge,
know-how, software, data bases, data, skill, expertise, experience, processes,
models, drawings, materials and records, goodwill (including the goodwill
associated with any Trademark or Trademark License), all rights and claims in or
under insurance policies (including insurance for fire, damage, loss and
casualty, whether covering personal property, real property, tangible rights or
intangible rights, all liability, life, key man and business interruption
insurance, and all unearned premiums), uncertificated securities, choses in
action, deposit, checking and other bank accounts, rights to receive tax refunds
and other payments, rights to receive dividends, distributions, cash,
Instruments and other property in respect of or in exchange for pledged Stock
and Investment Property, rights of indemnification, all books and records,
correspondence, credit files, invoices and other papers, including without
limitation all tapes, cards, computer runs and other papers and documents in the
possession or under the control of Grantors or any computer bureau or service
company from time to time acting for Grantors.
"Goods" means all "goods" as defined in the Code, now owned or
hereafter acquired by Grantors, wherever located, including embedded software to
the extent included in "goods" as defined in the Code.
"Instruments" means all "instruments," as such term is defined in the
Code, now owned or hereafter acquired by Grantors, wherever located, and, in any
event, including all certificated securities, all certificates of deposit, and
all promissory notes and other evidences of indebtedness, other than instruments
that constitute, or are a part of a group of writings that constitute, Chattel
Paper.
22
"Intellectual Property" means any and all Licenses, Patents,
Copyrights, Trademarks, and the goodwill associated with such Trademarks.
"Inventory" means all "inventory," as such term is defined in the
Code, now owned or hereafter acquired by Grantors, wherever located, and in any
event including inventory, merchandise, goods and other personal property that
are held by or on behalf of Grantors for sale or lease or are furnished or are
to be furnished under a contract of service, or that constitute raw materials,
work in process, finished goods, returned goods, or materials or supplies of any
kind, nature or description used or consumed or to be used or consumed in
Grantors' business or in the processing, production, packaging, promotion,
delivery or shipping of the same, including all supplies and embedded software.
"Investment Property" means all "investment property" as such term is
defined in the Code now owned or hereafter acquired by Grantors, wherever
located, including (i) all securities, whether certificated or uncertificated,
including stocks, bonds, interests in limited liability companies, partnership
interests, treasuries, certificates of deposit, and mutual fund shares; (ii) all
securities entitlements of Grantors, including the rights of Grantors to any
securities account and the financial assets held by a securities intermediary in
such securities account and any free credit balance or other money owing by any
securities intermediary with respect to that account; (iii) all securities
accounts of Grantors; (iv) all commodity contracts of Grantors; and (v) all
commodity accounts held by Grantors.
"Letter-of-Credit Rights" means "letter-of-credit rights" as such term
is defined in the Code, now owned or hereafter acquired by Grantors, including
rights to payment or performance under a letter of credit, whether or not
Grantors, as beneficiary, has demanded or is entitled to demand payment or
performance.
"License" means any Copyright License, Patent License, Trademark
License or other license of rights or interests now held or hereafter acquired
by Grantors.
"Lien" means any mortgage or deed of trust, pledge, hypothecation,
assignment, deposit arrangement, lien, charge, claim, security interest,
easement or encumbrance, or preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever (including any lease
or title retention agreement, any financing lease having substantially the same
economic effect as any of the foregoing, and the filing of, or agreement to
give, any financing statement perfecting a security interest under the Code or
comparable law of any jurisdiction).
"Notice of Security Interest in Copyrights" and "Notice of Security
Interest in Patents and Trademarks" are each defined in Section 5(c)(v).
"Obligations" means all loans, advances, debts, liabilities and
obligations for the performance of covenants, tasks or duties or for payment of
monetary amounts (whether or not such performance is then required or
contingent, or such amounts are liquidated or determinable) owing by Grantors to
Secured Party, and all covenants and duties regarding such amounts, of any kind
or nature, present or future, whether or not evidenced by any note, agreement or
other instrument, arising under the Secured Promissory Note, this Security
Agreement or any other agreement executed in connection with the foregoing. This
23
term includes all principal, interest (including all interest that accrues after
the commencement of any case or proceeding by or against Grantors in bankruptcy,
whether or not allowed in such case or proceeding), Charges, expenses,
attorneys' fees and any other sum chargeable to Grantors under the Secured
Promissory Note, this Security Agreement or any other agreement heretofore or
hereafter executed by Grantors in favor of Secured Party.
"Patent License" means rights under any written agreement now owned or
hereafter acquired by Grantors granting any right with respect to any invention
on which a Patent is in existence.
"Patents" means all of the following in which Grantors now holds or
hereafter acquires any interest: (a) all letters patent of the United States or
of any other country, all registrations and recordings thereof, and all
applications for letters patent of the United States or of any other country,
including registrations, recordings and applications in the United States Patent
and Trademark Office or in any similar office or agency of the United States,
any State, or any other country, and (b) all reissues, continuations,
continuations-in-part or extensions thereof.
"Permitted Encumbrances" means the following encumbrances: (a) Liens
for taxes or assessments or other governmental Charges not yet due and payable
or which are being contested in good faith by Grantors; (b) pledges or deposits
of money securing statutory obligations under workmen's compensation,
unemployment insurance, social security or public liability laws or similar
legislation; (c) pledges or deposits of money securing bids, tenders, contracts
(other than contracts for the payment of money) or leases to which Grantors is a
party as lessee made in the ordinary course of business; (d) inchoate and
unperfected guild, workers', mechanics' or similar liens arising in the ordinary
course of business; (e) carriers', warehousemen's, suppliers' or other similar
possessory liens arising in the ordinary course of business and securing
liabilities in an outstanding aggregate amount not in excess of $25,000 at any
time, so long as such Liens attach only to Inventory; (f) deposits securing, or
in lieu of, surety, appeal or customs bonds in proceedings to which Grantors are
parties; (g) presently existing or hereafter created Liens in favor of Secured
Party; and (h) presently existing Liens in favor of National Lampoon, Inc.
pursuant to that certain General Security Agreement dated August, 2002, but
solely to the extent the same remain subordinated to the Liens granted hereunder
in accordance with the terms of that certain Subordination Agreement of even
date herewith between National Lampoon, Inc. and National Lampoon Networks, Inc.
"Permitted Junior Lien" means a lien or encumbrance on the Collateral
(a) that is in all respects junior in priority to the Liens granted to Secured
Party pursuant hereto and (b) that is granted to a financial institution as part
of a financing transaction in which the Grantors incurs funded indebtedness.
"Person" means any individual, sole proprietorship, partnership, joint
venture, trust, unincorporated organization, association, corporation, limited
liability company, institution, public benefit corporation, other entity or
government (whether federal, state, county, city, municipal, local, foreign, or
otherwise, including any instrumentality, division, agency, body or department
thereof).
24
"Proceeds" means "proceeds," as such term is defined in the Code,
including (a) any and all proceeds of any insurance, indemnity, warranty or
guaranty payable to Grantors from time to time with respect to any of the
Collateral, (b) any and all payments (in any form whatsoever) made or due and
payable to Grantors from time to time in connection with any requisition,
confiscation, condemnation, seizure or forfeiture of all or any part of the
Collateral by any Governmental Authority (or any Person acting under color of
governmental authority), (c) any claim of Grantors against third parties (i) for
past, present or future infringement of any Patent or Patent License, or (ii)
for past, present or future infringement or dilution of any Copyright, Copyright
License, Trademark or Trademark License, or for injury to the goodwill
associated with any Trademark or Trademark License, (d) any recoveries by
Grantors against third parties with respect to any litigation or dispute
concerning any of the Collateral including claims arising out of the loss or
nonconformity of, interference with the use of, defects in, or infringement of
rights in, or damage to, Collateral, (e) all amounts collected on, or
distributed on account of, other Collateral, including dividends, interest,
distributions and Instruments with respect to Investment Property and pledged
Stock, and (f) any and all other amounts, rights to payment or other property
acquired upon the sale, lease, license, exchange or other disposition of
Collateral and all rights arising out of Collateral.
"Product" means, without limitation, the cinematographic film
photoplay and sound records thereof, as well as trailers and clips thereof,
produced by means of any photographic, electronic, mechanical or other processes
or devises now or hereafter known, invented, used or contemplated, by which
photographs, films, drawings, images or other visual reproductions or
representations are or may be printed, imprinted, recorded or otherwise
preserved on film, tape or any other material of any description (whether
translucent or not) for later projection, exhibition or transmission by any
means or media now known or hereafter devised, in such manner that the same are
or appear to be in motion or in sequence on a screen, mirror, tube or other
medium or device, whether or not accompanied by sound record, relating to assets
owned by Grantors.
"Security Agreement" means the Security Agreement of even date
herewith by and between Grantors and Secured Party, as the same may be amended,
supplemented, restated or otherwise modified from time to time.
"Software" means all "software" as such term is defined in the Code,
now owned or hereafter acquired by Grantors, other than software embedded in any
category of Goods, including all computer programs and all supporting
information provided in connection with a transaction related to any program.
"Solvent" means, with respect to any Person on a particular date, that
on such date (a) at fair valuations, all of the properties and assets of such
Person are greater than the sum of the debts, including contingent liabilities,
of such Person, (b) the present fair salable value of the properties and assets
of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and
matured, (c) such Person is able to realize upon its properties and assets and
pay its debts and other liabilities, contingent obligations and other
commitments as they mature in the normal course of business, (d) such Person
does not intend to, and does not believe that it will, incur debts beyond such
Person's ability to pay as such debts mature, and (e) such Person is not engaged
in business or a transaction, and is not about to engage in business or a
25
transaction, for which such Person's properties and assets would constitute
unreasonably small capital after giving due consideration to the prevailing
practices in the industry in which such Person is engaged. In computing the
amount of contingent liabilities at any time, it is intended that such
liabilities will be computed at the amount that, in light of all the facts and
circumstances existing at such time, represents the amount that reasonably can
be expected to become an actual or matured liability.
"Stock" means all shares, options, warrants, general or limited
partnership interests, membership interests or other equivalents (regardless of
how designated) of or in a corporation, partnership, limited liability company
or equivalent entity whether voting or nonvoting, including common stock,
preferred stock or any other "equity security" (as such term is defined in Rule
3a11-1 of the General Rules and Regulations promulgated by the Securities and
Exchange Commission under the Securities Exchange Act of 1934).
"Subsidiary" means any Person of which equity securities or other
ownership interests having ordinary voting power to elect a majority of the
board of directors or other persons performing similar functions is owned or
controlled, directly or indirectly, by Grantors, one or more Subsidiaries of
Grantors, or any combination thereof.
"Supporting Obligations" means all "supporting obligations" as such
term is defined in the Code, including letters of credit and guaranties issued
in support of Accounts, Chattel Paper, Documents, General Intangibles,
Instruments, or Investment Property.
"Trademark License" means rights under any written agreement now owned
or hereafter acquired by Grantors granting any right to use any Trademark.
"Trademarks" means all of the following now owned or hereafter
existing or adopted or acquired by Grantors: (a) all trademarks, trade names,
corporate names, business names, trade styles, service marks, logos, other
source or business identifiers, prints and labels on which any of the foregoing
have appeared or appear, designs and general intangibles of like nature (whether
registered or unregistered), all registrations and recordings thereof, and all
applications in connection therewith, including registrations, recordings and
applications in the United States Patent and Trademark Office or in any similar
office or agency of the United States, any state or territory thereof, or any
other country or any political subdivision thereof; (b) all reissues, extensions
or renewals thereof; and (c) all goodwill associated with or symbolized by any
of the foregoing.
"Wholly-Owned Subsidiary" means any Subsidiary of which one hundred
percent (100%) of the voting stock, membership interests, or other equity
interests having ordinary voting power to elect directors or other persons
performing similar functions is owned or controlled, directly or indirectly, by
Grantors or one ore more Wholly-Owned Subsidiaries of Grantors.
All undefined terms contained herein shall, unless the context
indicates otherwise, have the meanings provided for by the Code to the extent
the same are used or defined therein; in the event that any term is defined
differently in different Articles of the Code, the definition contained in
Article 9 shall control. Unless otherwise specified, references in the Security
26
Agreement to a Section, subsection section or clause refer to such Section,
subsection section or clause as contained in the Security Agreement. The words
"herein," "hereof" and "hereunder" and other words of similar import refer to
the Security Agreement as a whole, including all Annexes, Exhibits and
Schedules, as the same may from time to time be amended, restated, modified or
supplemented, and not to any particular section, subsection section or clause
contained in the Security Agreement or any such Annex, Exhibit or Schedule.
Wherever from the context it appears appropriate, each term stated in
either the singular or plural shall include the singular and the plural, and
pronouns stated in the masculine, feminine or neuter gender shall include the
masculine, feminine and neuter genders. The words "including", "includes" and
"include" shall be deemed to be followed by the words "without limitation"; the
word "or" is not exclusive; references to Persons include their respective
successors and assigns or, in the case of governmental Persons, Persons
succeeding to the relevant functions of such Persons; and all references to
statutes and related regulations shall include any amendments of the same and
any successor statutes and regulations. Whenever any provision in this Security
Agreement refers to the knowledge (or an analogous phrase) of Grantors, such
words are intended to signify that Grantors has actual knowledge or awareness of
a particular fact or circumstance or that Grantors, if it had exercised
reasonable diligence, would have known or been aware of such fact or
circumstance.
27
TO
SECURITY AGREEMENT
FILING JURISDICTIONS
28
SCHEDULE II
TO
SECURITY AGREEMENT
INSTRUMENTS, CHATTEL PAPER, AND LETTER-OF-CREDIT RIGHTS
[None]
29
SCHEDULE III
TO
SECURITY AGREEMENT
SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL AND
RECORDS CONCERNING COLLATERAL
I. Grantors' official names: National Lampoon, Inc., National Lampoon
Networks, Inc., and National Lampoon Tours, Inc.
II. Type of entity (e.g., corporation, partnership, business trust, limited
partnership, limited liability company): Corporation
III. Organizational identification numbers issued by Grantors' state of
incorporation or organization or a statement that no such number has
been issued:
(a) National Lampoon, Inc., (Delaware) 3562246
(b) National Lampoon Networks, Inc., (Delaware) 35557653
(c) National Lampoon Tours, Inc., (California) C2464187
IV. State(s) of Incorporation of Grantors:
(a) National Lampoon, Inc., - Delaware
(b) National Lampoon Networks, Inc., - Delaware
(c) National Lampoon Tours, Inc., - California
V. Chief Executive Office(s) and principal place(s) of business of
Grantors:
---------------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
VI. Corporate Offices of Grantors:
---------------------------
---------------------------
VII. Warehouses: None
VIII. Other Premises at which Collateral is Stored or Located: None
30
IX. Locations of Records Concerning Collateral:
---------------------------
---------------------------
31
EXHIBIT A
POWER OF ATTORNEY
This Power of Attorney is executed and delivered by National Lampoon,
Inc., National Lampoon Networks, Inc., and National Lampoon Tours, Inc.,
("Grantors")to ▇. ▇▇▇▇▇▇▇▇ Family Investment, L.P. (hereinafter referred to as
"Attorney"), as Secured Party, under a Security Agreement, dated as of January
28, 2005, and other related documents (the "Loan Documents"). No person to whom
this Power of Attorney is presented, as authority for Attorney to take any
action or actions contemplated hereby, shall be required to inquire into or seek
confirmation from Grantors as to the authority of Attorney to take any action
described below, or as to the existence of or fulfillment of any condition to
this Power of Attorney, which is intended to grant to Attorney unconditionally
the authority to take and perform the actions contemplated herein, and Grantors
irrevocable waive any right to commence any suit or action, in law or equity,
against any person or entity which acts in reliance upon or acknowledges the
authority granted under this Power of Attorney. The power of attorney granted
hereby is coupled with an interest, and may not be revoked or canceled by
Grantors without Attorney's written consent.
Grantors hereby irrevocably constitute and appoint Attorney (and all
officers, employees or agents designated by Attorney), with full power of
substitution, as Grantors' true and lawful attorney-in-fact with full
irrevocable power and authority in the place and stead of Grantors and in the
names of Grantors or in its own name, from time to time in Attorney's
discretion, to take any and all appropriate action and to execute and deliver
any and all documents and instruments which may be necessary or desirable to
accomplish the purposes of the Security Agreement and, without limiting the
generality of the foregoing, Grantors hereby grant to Attorney the power and
right, on behalf of Grantors, without notice to or assent by Grantors, and at
any time, to do the following: (a) change the mailing address of Grantors, open
a post office box on behalf of Grantors, open mail for Grantors, and ask,
demand, collect, give acquaintances and receipts for, take possession of,
endorse any invoices, freight or express bills, bills of lading, storage or
warehouse receipts, drafts against debtors, assignments, verifications, and
notices in connection with any property of Grantors; (b) effect any repairs to
any asset of Grantors, or continue or obtain any insurance and pay all or any
part of the premiums therefor and costs thereof, and make, settle and adjust all
claims under such policies of insurance, and make all determinations and
decisions with respect to such policies; (c) pay or discharge any taxes, liens,
security interests, or other encumbrances levied or placed on or threatened
against Grantors or their property; (d) defend any suit, action or proceeding
brought against Grantors if Grantors do not defend such suit, action or
proceeding or if Attorney believes that Grantors are not pursuing such defense
in a manner that will maximize the recovery to Attorney, and settle, compromise
or adjust any suit, action, or proceeding described above and, in connection
therewith, give such discharges or releases as Attorney may deem appropriate;
(e) file or prosecute any claim, litigation, suit or proceeding in any court of
competent jurisdiction or before any arbitrator, or take any other action
otherwise deemed appropriate by Attorney for the purpose of collecting any and
all such moneys due to Grantors whenever payable and to enforce any other right
in respect of Grantors' property; (f) cause the certified public accountants
then engaged by Grantors to prepare and deliver to Attorney at any time and from
time to time, promptly upon Attorney's request, the following reports: (1) a
reconciliation of all accounts, (2) an aging of all accounts, (3) trial
32
balances, (4) test verifications of such accounts as Attorney may request, and
(5) the results of each physical verification of inventory; (g) communicate in
its own name with any party to any Contract with regard to the assignment of the
right, title and interest of such Grantors in and under the Contracts and other
matters relating thereto; (h) to file such financing statements with respect to
the Security Agreement, with or without Grantors' signature, or to file a
photocopy of the Security Agreement in substitution for a financing statement,
as Secured Party may deem appropriate and to execute in each Grantor's name such
financing statements and amendments thereto and continuation statements which
may require such Grantor's signature; and (i) execute any endorsements,
assignments or other instruments of conveyance or transfer with respect to the
Collateral and to otherwise direct such sale or resale, all as though Attorney
were the absolute owner of the property of Grantors for all purposes, and to do,
at Attorney's option and Grantors' expense, at any time or from time to time,
all acts and other things that Attorney reasonably deems necessary to perfect,
preserve, or realize upon Grantors' property or assets and Attorney's Liens
thereon, all as fully and effectively as Grantors might do. Grantors hereby
ratify, to the extent permitted by law, all that said Attorney shall lawfully do
or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney is executed by Grantors,
and Grantors have caused the seals to be affixed pursuant to the authority of
the board of directors this 28th day of January, 2005.
GRANTORS:
NATIONAL LAMPOON, INC.,
By:
-------------------------------
Name:
-----------------------------
Title:
----------------------------
NATIONAL LAMPOON NETWORKS, INC.,
By:
-------------------------------
Name:
-----------------------------
Title:
----------------------------
33
NATIONAL LAMPOON TOURS, INC.,
By:
-------------------------------
Name:
-----------------------------
Title:
----------------------------
34
NOTARY PUBLIC CERTIFICATE
On this 28th day of January, 2005, ____________________ who is
personally known to me appeared before me in his/her capacity as the
___________________ of _________ ("Grantor") and executed on behalf of Grantor
the Power of Attorney in favor of _____________ to which this Certificate is
attached.
------------------------------------
Notary Public
35
EXHIBIT 5(c)(v)(A)
FORM OF
NOTICE OF SECURITY INTEREST IN PATENTS
AND TRADEMARKS
NOTICE IS HEREBY GIVEN that National Lampoon, Inc., a Delaware
corporation, National Lampoon Networks, Inc., a Delaware corporation and
National Lampoon Tours, Inc., a California corporation, (collectively
"Grantors") with office located at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, and ▇. ▇▇▇▇▇▇▇▇ Family Investments, L.P. (the
"Secured Party") with an address at c/o Lake City Bank, ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇
▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, Attn: ▇▇▇▇▇ ▇▇▇▇▇, Trust Officer, have entered into a
Security Agreement dated as of January 28, 2005 (the "Security Agreement").
Pursuant to the Security Agreement, the Grantors have conveyed,
pledged, assigned and transferred to the Secured Party, and have granted to the
Secured Party, a security interest in, (a) the registered patents, applications
for registration of patents, and licenses of registered patents listed in
Schedule A hereto, (b) the registered trademarks and service marks, applications
for registration of trademarks and service marks, and licenses of registered
trademarks and service marks listed in Schedule B hereto, together with the
goodwill of the business symbolized thereby, (c) all actions for infringement
concerning the foregoing, and (d) all receivables arising out of the foregoing,
to secure the payment, performance and observance of the Obligations as defined
in the Security Agreement.
The Commissioner of Patents and Trademarks is requested to record this
notice in its records.
Dated: January 28, 2005
NATIONAL LAMPOON, INC.,
By:
------------------------------
Name:
-----------------------------
Title:
---------------------------
NATIONAL LAMPOON NETWORKS, INC.,
By:
------------------------------
Name:
-----------------------------
Title:
---------------------------
1
NATIONAL LAMPOON TOURS, INC.,
By:
------------------------------
Name:
-----------------------------
Title:
---------------------------
2
EXHIBIT 5(c)(v)(B)
FORM OF
NOTICE OF SECURITY INTEREST IN
AND COLLATERAL ASSIGNMENT OF COPYRIGHTS
NOTICE IS HEREBY GIVEN that National Lampoon, Inc., a Delaware
corporation, National Lampoon Networks, Inc., a Delaware corporation and
National Lampoon Tours, Inc., a California corporation, (collectively
"Grantors"), with office located at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, and ▇. ▇▇▇▇▇▇▇▇ Family Investments, L.P. (the
"Secured Party") with an address at c/o Lake City Bank, ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇
▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, Attn: ▇▇▇▇▇ ▇▇▇▇▇, Trust Officer, have entered into a
Security Agreement dated as of January 28, 2005 (the "Security Agreement").
To secure the Obligations described in the Security Agreement,
Grantors grant and pledge to Secured Party a security interest in all of
Grantors' right, title and interest in, to and under all Copyrights, whether now
owned by or owing to, or hereafter acquired by or arising in favor of Grantors
including without limitation all Copyrights listed on Schedule A, all Products
related thereto, and including without limitation all proceeds thereof (such as,
by way of example but not by way of limitation, license royalties and proceeds
of infringement suits), the right to ▇▇▇ for past, present and future
infringements, all rights corresponding thereto throughout the world and all
re-issues, divisions continuations, renewals, extensions and
continuations-in-part thereof.
This security interest is granted in conjunction with the security
interest granted to Secured Party under the Security Agreement. The rights and
remedies of Secured Party with respect to the security interest granted hereby
are in addition to those set forth in the Security Agreement, and those which
are now or hereafter available to Secured Party as a matter of law or equity.
Each right, power and remedy of Secured Party provided for herein or
in the Security Agreement, or now or hereafter existing at law or in equity
shall be cumulative and concurrent and shall be in addition to every right,
power or remedy provided for herein and the exercise by Secured Party of any one
or more of the rights, powers or remedies provided for in this Intellectual
Property Security Agreement or the Security Agreement, or now or hereafter
existing at law or in equity, shall not preclude the simultaneous or later
exercise by any person, including Secured Party, of any or all other rights,
powers or remedies.
Dated: January 28, 2005
3
NATIONAL LAMPOON, INC.,
By:
-----------------------------
Name:
----------------------------
Title:
--------------------------
NATIONAL LAMPOON NETWORKS, INC.,
By:
-----------------------------
Name:
----------------------------
Title:
--------------------------
NATIONAL LAMPOON TOURS, INC.,
By:
-----------------------------
Name:
----------------------------
Title:
--------------------------
4
SCHEDULE A
INTELLECTUAL PROPERTY
NATIONAL LAMPOON, INC.
SCHEDULE OF REGISTERED INTELLECTUAL PROPERTY RIGHTS
1. Federal Patent Registrations and Applications: None.
2. Federal Copyright Registrations:
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇ ▇▇▇▇▇▇'▇ body Video Cassette National Lampoon, Inc. PA-386-058 08/15/1988
sculpting
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
How to have a moneymaking Video Cassette National Lampoon, Inc. PA-387-814 08/15/1988
garage sale
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Smart cookies don't crumble Video Cassette National Lampoon, Inc. PA-388-027 08/15/1988
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Chef ▇▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ Video Cassette National Lampoon, Inc. PA-388-030 08/15/1988
Louisiana kitchen
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇▇ ▇▇▇▇▇▇▇'▇ Superset Video Cassette National Lampoon, Inc. PA-388-031 08/15/1988
shape-up
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇' Tough stuff Video Cassette National Lampoon, Inc. PA-410-491 08/15/1988
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Teen Steam Video Cassette National Lampoon, Inc. PA-411-068 08/15/1988
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Ball talk: baseball's Video Cassette National Lampoon, Inc. PA-418-830 04/25/1989
voices of summer
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Stand-up ▇▇▇▇▇▇ Video Cassette National Lampoon, Inc. PA-418-867 04/25/1989
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇ ▇▇▇▇▇'▇ Hug-a-long Video Cassette National Lampoon, Inc. PA-455-172 02/19/1989
songs
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Cybercops: episode 1. Website National Lampoon, Inc. PA-1-000-987 08/02/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Gunnerville High. Website National Lampoon, Inc. PA-1-003-663 08/02/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
5
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Ain't no time. Sound Cassette and National Lampoon, Inc. PAu-1-742-811 02/25/1993
Lyrical Sheet
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Rainbow TV: the Sound Cassette National Lampoon, Inc. SR-276-732 01/20/2000
all-inclusive network.
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Gunnerville High School. Sound Cassette National Lampoon, Inc. SR-276-734 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Editor's rant. Sound Cassette National Lampoon, Inc. SR-276-735 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Apocalyptic Al. Sound Cassette National Lampoon, Inc. SR-276-746 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Or we'll shoot this dog. Sound Cassette National Lampoon, Inc. SR-276-747 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇.▇▇▇ Sound Cassette National Lampoon, Inc. SR-276-748 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
NLBS. Sound Cassette National Lampoon, Inc. SR-276-750 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Fantasy loser's league. Sound Cassette National Lampoon, Inc. SR-276-751 01/20/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon totally Book National Lampoon, Inc. TX-3-984-295 12/12/1994
true facts: a brand-new
collection of absurd
but-true real-life funny
stuff
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon's truly Book National Lampoon, Inc. TX-4-051-392 11/02/1995
twisted cartoons: if it's
tasteless, it's in here
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
6
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon presents Book National Lampoon, Inc. TX-4-171-211 12/22/1995
true facts: the big
book: the complete,
unexpurgated assembly of
amazing ads, stupefying
signs, weird wedding
announcements, and other
absurd-but-true samples of
real -life funny stuff
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon's white Book National Lampoon, Inc. TX-4-254-012 10/17/1995
bread snaps.
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National lampoon virtual Printout National Lampoon, Inc. TX-5-054-405 02/10/2000
candidate 2000.
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Trash tattoo. Page National Lampoon, Inc. TX-5-067-799 02/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Smash & grab. Website National Lampoon, Inc. TX-5-357-156 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇.▇▇▇. Website National Lampoon, Inc. TX-5-357-157 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
News on the march. Website National Lampoon, Inc. TX-5-357-158 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Virtual candidate 2000. Artwork for Website National Lampoon, Inc. VA-1-021-500 02/10/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Enter this site or we'll Photoprint National Lampoon, Inc. VA-1-058-221 01/28/2000
shoot this dog
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Gunnerville High School. Photoprint National Lampoon, Inc. VA-1-058-222 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Flashbacks. Computer Graphics National Lampoon, Inc. VA-1-058-223 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Editor's rant. Photoprint National Lampoon, Inc. VA-1-058-224 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
7
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Apocalyptic Al Computer Graphics National Lampoon, Inc. VA-1-058-225 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Adelphian Lodge. Computer Graphics National Lampoon, Inc. VA-1-058-226 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Stick it to em. Computer Graphics National Lampoon, Inc. VA-1-058-227 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇▇.▇▇▇ Photoprint National Lampoon, Inc. VA-1-058-228 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Rainbow TV - the Photoprint and National Lampoon, Inc. VA-1-058-229 01/28/2000
all-inclusive network. Computer Graphics
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Worldwide waste of time. Computer Graphics National Lampoon, Inc. VA-1-058-230 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Voyercam. Computer Graphics National Lampoon, Inc. VA-1-058-231 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Trash tattoo. Computer Graphics National Lampoon, Inc. VA-1-058-232 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Cybercops. Computer Graphics National Lampoon, Inc. VA-1-058-233 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Gunnerville High School. Computer Graphics National Lampoon, Inc. VA-1-058-234 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
NLBS. Computer Graphics National Lampoon, Inc. VA-1-058-235 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Fantasy Loser's League. Computer Graphics National Lampoon, Inc. VA-1-058-236 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Smash & grab. Computer Graphics National Lampoon, Inc. VA-1-058-237 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The dregs Website National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 01/28/2000
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B: 578989
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 581764
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 594460
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 596546
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 606623
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
8
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 611489
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 624921
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 618430
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 633959
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 633958
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 639914
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 668972
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 668973
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 668974
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 668975
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 674274
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 688090
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 688714
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 697369
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 709177
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 711551
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 717768
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 725263
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 735998
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 740465
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 745276
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 757418
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
9
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 758587
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 767782
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 773307
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 782489
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 785901
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 801588
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 803007
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 809087
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 818221
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 825730
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 834403
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 837511
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 848924
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 855812
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 860635
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 871008
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 874933
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 884387
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 891302
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 902787
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 918610
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 918611
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
10
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 925057
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 935241
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 937733
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 958315
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 958316
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 971823
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 973535
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 984166
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 988340
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 996475
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 4297
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 12808
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 21720
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 25065
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 33125
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 40529
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 48703
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 57325
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 64185
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 74832
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 81754
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 85384
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
11
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 137088
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 156295
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 152103
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 156296
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 164353
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 170216
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 177760
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 233599
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 248569
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 248570
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 265694
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 273054
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. B 281437
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon. The National Lampoon, Inc. B 907480
Best of Number 4
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The Best of National National Lampoon, Inc. A 336334
Lampoon No. 1
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The Best of National National Lampoon, Inc. A 423189
Lampoon No. 3
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Letters From the Editor of National Lampoon, Inc. A 420415
National lampoon
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
12
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon: This National Lampoon, Inc. A 532080
Side of Parodies
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Would You By a Used Car National Lampoon, Inc. A 317995
From This Man?
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon: a Dirty National Lampoon, Inc. A 728026
Book
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Art Poster Book National Lampoon, Inc. A 694476
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon: The National Lampoon, Inc. A 764189
Best of No. 6
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon Presents National Lampoon, Inc. A 854544
the Naked and the Nude
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon, the National Lampoon, Inc. A 578840
Paperback Conspiracy
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon: the National Lampoon, Inc. A 529031
Best of Number 4, Vol. 1,
No. 5
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon: The National Lampoon, Inc. A 681033
Gentleman's Bathroom
Companion
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The 199th Birthday Book National Lampoon, Inc. A 741350
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The Job of Sex: A National Lampoon, Inc. A 550712
Workingman's Guide to
Productive Lovemaking
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
13
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Missing White House Tapes; National Lampoon, Inc. DU 89349 01/30/1974
Impeachment Day Ceremonies
Script
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon 1964 High National Lampoon, Inc. A 541513
School Yearbook Parody
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon Presents National Lampoon, Inc. A 828588
the Up Yourself Book
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The Breast of National National Lampoon, Inc. A 377706
Lampoon; a Collection of
Sexual Humor
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon Comics National Lampoon, Inc. A 572874
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The National Lampoon National Lampoon, Inc. A 479368
Encyclopedia of Humor
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon comedy National Lampoon, Inc. PAu-1-434-923 09/20/1990
playoffs.
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon, another National Lampoon, Inc. TX-232-406 03/29/1979
dirty book
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon Sunday National Lampoon, Inc. TX-347-662 08/31/1979
newspaper parody
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
14
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon, slightly National Lampoon, Inc. TX-365-426 11/07/1979
higher in Canada: an
unassuming anthology of
Canadian-type material
from the pages of the
National Lampoon
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The Iron on book: sixteen National Lampoon, Inc. TX-379-403 08/31/1979
original designs for your
chest
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The National Lampoon's National Lampoon, Inc. TX-384-974 11/19/1979
Animal house book
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon's National Lampoon, Inc. TX-396-473 11/05/1979
Cartoons even we wouldn't
dare print: a collection
of thoroughly
reprehensible cartoons
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇'▇ Book of National Lampoon, Inc. TX-402-260 11/16/1979
books
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon's tenth National Lampoon, Inc. TX-540-642 03/25/1980
anniversary anthology
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon foto National Lampoon, Inc. TX-544-611 07/08/1980
funnies
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon true facts National Lampoon, Inc. TX-808-981 12/03/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
15
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Hitler's favorite cartoons National Lampoon, Inc. TX-907-682 04/21/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon peekers National Lampoon, Inc. TX-945-741 06/23/1982
and other true facts
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon son of National Lampoon, Inc. TX-1-622-171 07/25/1985
cartoons even we wouldn't
dare print II: a sequel
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon dirty National Lampoon, Inc. TX-1-797-519 04/15/1986
joke book
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon true National Lampoon, Inc. TX-2-906-982 08/07/1990
facts 1991 calendar
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon presents National Lampoon, Inc. TX-3-159-281 04/26/1991
true facts: the book
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon true National Lampoon, Inc. TX-3-223-950 09/12/1991
facts 1992 calendar
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon presents National Lampoon, Inc. TX-3-273-518 03/17/1992
More true facts: an
all-new collection of
absurd-but-true real-life
funny stuff
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon's Truly National Lampoon, Inc. TX-3-462-011 10/23/1992
tasteless cartoons: the
best of the worst
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
16
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
That's sick: The National National Lampoon, Inc. TX-3-799-435 04/14/1994
lampoon's rudest and
crudest cartoons
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 244-608 03/14/1979
-------------------- ------------------------------------ ------------------- -----------------
TX 244-607 03/14/1979
-------------------- ------------------- -----------------
TX 244-606 03/14/1979
-------------------- ------------------- -----------------
TX 244-605 03/14/1979
-------------------- ------------------------------------ ------------------- -----------------
TX 244-604 03/14/1979
-------------------- ------------------- -----------------
TX 244-603 03/14/1979
-------------------- ------------------- -----------------
TX 244-600 03/14/1979
-------------------- ------------------- -----------------
TX 244-601 03/14/1979
-------------------- ------------------- -----------------
TX 244-602 03/14/1979
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 347-663 03/14/1979
-------------------- ------------------- -----------------
TX 347-668 03/14/1979
-------------------- ------------------- -----------------
TX 347-672 03/14/1979
-------------------- ------------------- -----------------
TX 347-669 05/03/1979
-------------------- ------------------- -----------------
TX 347-667 05/03/1979
-------------------- ------------------- -----------------
TX 347-666 05/01/1979
-------------------- ------------------- -----------------
TX 347-673 05/01/1979
-------------------- ------------------- -----------------
TX 347-674 05/01/1979
-------------------- ------------------- -----------------
TX 347-664 09/04/1979
-------------------- ------------------- -----------------
TX 347-665 09/04/1979
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
17
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 347-670 09/05/1979
-------------------- ------------------- -----------------
TX 347-671 09/05/1979
-------------------- ------------------- -----------------
TX 360-828 10/19/1979
-------------------- ------------------- -----------------
TX 360-829 10/19/1979
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 418-860 12/14/1979
-------------------- ------------------- -----------------
TX 418-861 02/21/1980
-------------------- ------------------------------------ ------------------- -----------------
TX 418-862 02/21/1980
-------------------- ------------------- -----------------
TX 424-859 02/21/1980
-------------------- ------------------- -----------------
TX 483-274 03/24/1980
-------------------- ------------------- -----------------
TX 486-569 05/29/1980
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 509-660 04/21/1980
-------------------- ------------------- -----------------
TX 521-123 07/07/1980
-------------------- ------------------- -----------------
TX 518-472 07/28/1980
-------------------- ------------------- -----------------
TX 537-416 09/08/1980
-------------------- ------------------- -----------------
TX 592-060 12/05/1980
-------------------- ------------------- -----------------
TX 581-606 11/10/1980
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 644-795 12/01/1980
-------------------- ------------------- -----------------
TX 644-828 01/05/1981
-------------------- ------------------- -----------------
TX 675-911 04/23/1981
-------------------- ------------------- -----------------
TX 644-829 01/26/1981
-------------------- ------------------- -----------------
TX 671-101 03/03/1981
-------------------- ------------------- -----------------
TX 675-910 03/30/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
18
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 689-192 05/01/1981
-------------------- ------------------- -----------------
TX 706-321 05/22/1981
-------------------- ------------------- -----------------
TX 718-965 06/25/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 740-533 07/27/1981
-------------------- ------------------- -----------------
TX 750-923 08/24/1981
-------------------- ------------------- -----------------
TX 775-880 09/28/1981
-------------------- ------------------------------------ ------------------- -----------------
TX 789-928 10/23/1981
-------------------- ------------------- -----------------
TX 823-506 12/30/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 871-131 01/21/1982
-------------------- ------------------- -----------------
TX 854-039 02/26/1982
-------------------- ------------------- -----------------
TX 879-048 03/31/1982
-------------------- ------------------- -----------------
TX 895-622 04/21/1982
-------------------- ------------------- -----------------
TX 916-440 05/24/1982
-------------------- ------------------- -----------------
TX 923-569 06/23/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX 808-982 11/27/1981
-------------------- ------------------- -----------------
TX 938-965 07/26/1982
-------------------- ------------------- -----------------
TX 973-106 08/25/1982
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/27/1982
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/25/1982
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 11/26/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/27/1982
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/28/1983
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
19
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 03/01/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/05/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/27/1983
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 06/24/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/25/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/25/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/03/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/31/1983
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/09/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/06/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/30/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 03/05/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 03/29/1984
-------------------- ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 04/26/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/29/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 06/28/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/26/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/24/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/26/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/29/1984
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 11/26/1984
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
20
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/14/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/29/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 03/12/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/03/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/02/1985
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 05/29/1985
-------------------- ------------------------------------ ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 06/25/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/29/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/28/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/20/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/28/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/02/1985
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/23/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/27/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/26/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/07/1986
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 05/27/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 06/09/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/13/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/13/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/22/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/20/1986
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
21
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/30/1986
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 09/21/1987
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/07/1987
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/28/1987
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 04/11/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/11/1988
-------------------- ------------------------------------ ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/21/1987
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/24/1987
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/18/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/18/1988
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 03/25/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 03/25/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 06/13/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/22/1988
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 02/24/1989
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 11/02/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/23/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/23/1988
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/23/1989
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/14/1989
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 06/14/1989
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/18/1989
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
22
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/27/1989
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/29/1989
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/23/1990
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/23/1990
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 07/17/1990
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/24/1990
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/30/1990
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 04/03/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/03/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/03/1991
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 05/01/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/27/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/21/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/28/1991
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon best of National Lampoon, Inc. TX 347-661 08/31/1979
number . . .
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon best of National Lampoon, Inc. TX 418-992 08/31/1979
number . . .
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon best of National Lampoon, Inc. TX 810-136 12/10/1981
number . . .
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Gentleman's bathroom National Lampoon, Inc. TX 418-991 08/31/1979
companion . . .
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon . . . National Lampoon, Inc. TX 521-124 06/19/1980
anniversary anthology
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
23
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 580-087 11/06/1980
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
National Lampoon All-new National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 10/21/1986
true facts . . .
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The National Lampoon National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 02/12/1992
Treasury of Humor
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
That's sick: The National National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 04/14/1994
Lampoon's rudest and
crudest cartoons
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 141-752 03/10/1978
-------------------- ------------------- -----------------
TX 141-751 03/10/1978
-------------------- ------------------- -----------------
TX 141-750 03/10/1978
-------------------- ------------------- -----------------
TX 113-307 08/01/1978
-------------------- ------------------- -----------------
TX 117-728 09/28/1978
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 230-188 07/03/1978
-------------------- ------------------- -----------------
TX 230-189 07/03/1978
-------------------- ------------------- -----------------
TX 230-190 07/03/1978
-------------------- ------------------- -----------------
TX 230-191 07/03/1978
-------------------- ------------------- -----------------
TX 212-254 08/30/1978
-------------------- ------------------- -----------------
TX-212-253 11/15/1978
-------------------- ------------------- -----------------
TX-240-977 05/04/1979
-------------------- ------------------- -----------------
TX 263-685 02/01/1979
-------------------- ------------------- -----------------
TX-254-991 02/08/1979
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
24
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 277-479 07/03/1979
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 307-041 05/04/1979
-------------------- ------------------- -----------------
TX 330-366 09/14/1979
-------------------- ------------------- -----------------
TX 288-211 05/15/1979
-------------------- ------------------- -----------------
TX 342-498 10/05/1979
-------------------- ------------------- -----------------
TX 342-499 10/05/1979
-------------------- ------------------- -----------------
TX 315-700 08/15/1979
-------------------- ------------------- -----------------
TX 321-276 09/04/1979
-------------------- ------------------- -----------------
TX 345-419 10/05/1979
-------------------- ------------------- -----------------
TX 362-170 11/05/1979
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 461-212 11/19/1979
-------------------- ------------------- -----------------
TX 403-640 01/10/1980
-------------------- ------------------- -----------------
TX 444-814 03/25/1980
-------------------- ------------------- -----------------
TX 461-213 03/24/1980
-------------------- ------------------- -----------------
TX 444-813 03/25/1980
-------------------- ------------------- -----------------
TX 463-862 04/21/1980
-------------------- ------------------- -----------------
TX 474-389 05/19/1980
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 510-133 06/19/1980
-------------------- ------------------- -----------------
TX-529-905 08/11/1980
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 628-621 10/31/1980
-------------------- ------------------- -----------------
TX 628-620 10/31/1980
-------------------- ------------------- -----------------
TX 628-619 10/31/1980
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
25
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 716-913 04/03/1981
-------------------- ------------------- -----------------
TX 716-914 04/03/1981
-------------------- ------------------- -----------------
TX 716-912 04/03/1981
-------------------- ------------------- -----------------
TX 705-631 04/01/1981
-------------------- ------------------- -----------------
TX 720-512 06/19/1981
-------------------- ------------------- -----------------
TX 718-850 06/18/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 744-974 04/01/1981
-------------------- ------------------- -----------------
TX 752-833 07/28/1981
-------------------- ------------------- -----------------
TX 760-062 09/08/1981
-------------------- ------------------- -----------------
TX 772-506 09/28/1981
-------------------- ------------------- -----------------
TX 808-343 11/23/1981
-------------------- ------------------- -----------------
TX 803-073 11/23/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 826-660 12/17/1981
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 844-264 01/27/1982
-------------------- ------------------- -----------------
TX 853-885 02/16/1982
-------------------- ------------------- -----------------
TX 888-162 04/12/1982
-------------------- ------------------- -----------------
TX 905-724 05/13/1982
-------------------- ------------------- -----------------
TX 921-984 06/17/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 956-852 08/09/1982
-------------------- ------------------- -----------------
TX 965-368 09/08/1982
-------------------- ------------------- -----------------
TX 961-553 08/26/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
26
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX 980-776 09/23/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 10/15/1982
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/19/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/21/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/19/1983
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 11/16/1982
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/14/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/19/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/18/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/23/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/23/1983
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/07/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/05/1983
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/03/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/03/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/03/1984
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 05/21/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/21/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/21/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/20/1984
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
27
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/24/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 07/20/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/12/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/12/1984
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 10/15/1984
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 04/25/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1985
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 04/25/1985
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 07/12/1985
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 11/28/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 11/28/1986
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 12/03/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/03/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/03/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/03/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/01/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/01/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/15/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/16/1986
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 12/15/1986
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
28
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 08/19/1987
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/19/1987
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/19/1987
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 08/06/1990
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/06/1990
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 08/06/1990
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/26/1990
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX 19-219 03/09/1978
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 01/23/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/12/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 02/12/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 05/20/1991
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 06/05/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/05/1991
-------------------- ------------------- -----------------
TX ▇-▇▇▇-▇▇▇ 09/30/1991
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
29
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
TITLE DESCRIPTION CLAIMANT REG. NO. REG. DATE
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
The Best Of Heavy Metal National Lampoon, Inc. TX ▇-▇▇▇-▇▇▇ 08/19/1987
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
My bod is for God National Lampoon, Inc. PAu-424-054 07/29/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
Apocalypso now National Lampoon, Inc. PAu-424-055 07/29/1982
---------------------------- -------------------- ------------------------------------ ------------------- -----------------
30
3. Federal Trademark and Service ▇▇▇▇ Registrations:
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
TRADEMARK/SERVICE REGISTRANT DESCRIPTION OF REGISTRATION NO. REGISTRATION DATE
▇▇▇▇ GOODS/SERVICES
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
NATIONAL LAMPOON National Magazine in 907,211 02/02/1971
Lampoon, Inc. International Class 16
National
Lampoon, Inc.
NATIONAL Burly Bear and
LAMPOON National Lampoon
Networks shows
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
HALF BAKED National Entertainment, namely 2,183,937 08/25/1998
Lampoon a continuing comedy
Networks, Inc. show distributed over
(by assignment television, satellite,
from Burly audio an video media
Bear Networks,
Inc., on
9/30/2002)
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
31
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
TRADEMARK/SERVICE REGISTRANT DESCRIPTION OF REGISTRATION NO. REGISTRATION DATE
▇▇▇▇ GOODS/SERVICES
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
BURLYVISION National Entertainment services 2,417,408 01/02/2001
Lampoon in the nature of a
Networks, Inc. television show
(by assignment featuring the best in
from Burly student and
Bear Networks, independent film work
Inc., on distributed over
9/30/2002) television, satellite,
audio and video media,
and via the global
computer network
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
STRIPPED DOWN National Entertainment, namely, 2,418,998 01/09/2001
Lampoon a continuing talk show
Networks, Inc. in the field of drug
(by assignment abuse, abortion and
from Burly youth issues,
Bear Networks, targeting college
Inc., on students, distributed
9/30/2002) over television,
satellite, audio and
video media, and via a
global computer network
------------------------------ ------------------ ----------------------- --------------------- ----------------------
32
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
TRADEMARK/SERVICE REGISTRANT DESCRIPTION OF REGISTRATION NO. REGISTRATION DATE
▇▇▇▇ GOODS/SERVICES
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
PRESS JUNKY National Lampoon Entertainment 2,419,086 01/09/2001
Networks, Inc. services in the
(by assignment nature of a show
from Burly Bear featuring interviews
Networks, Inc., and promotion movies
on 9/30/2002) distributed over
television,
satellite, audio and
video media, and via
the global computer
network.
------------------------------ ------------------ ----------------------- --------------------- ----------------------
LAARR'S LOUNGE National Lampoon Entertainment 2,421,040 01/16/2001
Networks, Inc. services in the
(by assignment nature of a
from Burly Bear television show
Networks, Inc., featuring the best in
on 9/30/2002) student and
independent film work
distributed over television,
satellite, audio and video
media , and via the global
computer network.
------------------------------ ------------------ ----------------------- --------------------- ----------------------
33
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
TRADEMARK/SERVICE REGISTRANT DESCRIPTION OF REGISTRATION NO. REGISTRATION DATE
▇▇▇▇ GOODS/SERVICES
----------------------------- ---------------- ------------------------ ----------------------- ----------------------
BURLYTV National Lampoon Entertainment 2,560,466 04/09/2002
Networks, Inc. services, namely,
(by assignment television
from Burly Bear production,
Networks, Inc., programming, and
on 9/30/2002) distribution services
------------------------------ ------------------ ----------------------- --------------------- ----------------------
BURLY BEAR NETWORK PRESENTS National Lampoon Entertainment in the 2,618,289 09/10/2002
CELEBRITY HIGHWAY (and Networks, Inc. nature of an animated
design) (by assignment television comedy
from Burly Bear series
Networks, Inc.,
on 9/30/2002)
------------------------------ ------------------ ----------------------- --------------------- ----------------------
4. Internet domain name registrations:
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ -- registered by J2 Communications
▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ -- registered by J2 Communications
34