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Message: Info on CCC security interest

TPL Opening Disclosure Statement 12-23-13 found in BaNosser post as follows:

http://agoracom.com/ir/patriot/forums/discussion/topics/596380-tpl-bk-documents-dec-16-17-23/messages/1870873#messag
p. 25 1.CCC.
CCC and TPL entered into an agreement in March of 2012 (the “CCC Settlement
Agreement”) to settle a lawsuit arising from TPL’s lease of the property located at 20400
Stevens Creek Boulevard in Cupertino, California. (Cupertino City Center Buildings v.
Technology Properties Limited LLC, Superior Court of California,County of Santa Clara CaseNo. 110-CV-186192). Under the CCC Settlement Agreement, TPL agreed to pay CCC a total of$1.3 million in installments at $50,000 per month over time. This agreement is secured by a continuing security interest in TPL’s share of the proceeds of the following:
All CORE Flash and Fast Logic litigation;
TPL's interest in the gross proceeds of a license agreement dated 4/12/06 with FMM
Portfolio LLC re the CORE Flash Portfolio (aka Memory Control Management
Technology);
TPL's interest in the gross proceeds of a license agreement dated 6/19/07 with HSM
Portfolio LLC re: the Fast Logic Portfolio (aka High Speed Memory Technology);
Fifty percent of TPL's interest in the gross proceeds of a commercialization agreement
dated 6/7/05 between TPL, P-Newco and Patriot re the MMP Portfolio;
TPL's interest in the gross proceeds of that certain agreement dated 6/22/11 with Agility IP Law LLP re certain CORE Flash Portfolio Patents; andTPL's interest in the gross proceeds of a license agreement dated 12/14/07 with Chip Scale, Inc. re the Wafer-Level Chip Scale Technology.
CCC claims to have perfected its security interest by filing a UCC-1 with the CaliforniaSecretary of State on February 27, 2012. As of the date of filing of this
case, the debt claimed owing to CCC was $804,689
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Jan 13, 2014 03:06PM
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