PLEDGE AND SECURITY AGREEMENT
Exhibit 10.2
EXECUTION VERSION
THIS PLEDGE AND SECURITY AGREEMENT, dated as of the 30th day of March, 2011 (this
“Agreement”), is made by XXXXXXX HYGIENE INC., a Delaware corporation (the
“Borrower”), and by each of the undersigned Subsidiaries of the Borrower and each other
Subsidiary that, after the date hereof, executes an instrument of accession hereto substantially in
the form of Exhibit C (a “Pledgor Accession”; the undersigned and such other
Subsidiaries, collectively, together with the Borrower, the “Pledgors”), in favor of XXXXX
FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders party to the Credit
Agreement referred to below (in such capacity, the “Administrative Agent”), for the benefit
of the Secured Parties (as hereinafter defined). Except as otherwise provided herein, capitalized
terms used herein without definition have the meanings given to them in the Credit Agreement
referred to below.
RECITALS
A. The Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement,
dated as of March 30, 2011 (as amended, modified, restated or supplemented from time to time, the
“Credit Agreement”), providing for the availability of certain credit facilities to the
Borrower upon the terms and subject to the conditions set forth therein.
B. As a condition to the extension of credit to the Borrower under the Credit Agreement, each
Subsidiary that is a party to this Agreement as of the date hereof has entered into a Guaranty
Agreement, dated as of the date hereof (as amended, modified, restated or supplemented from time to
time, the “Guaranty Agreement”), pursuant to which each such Subsidiary has guaranteed to
the Secured Parties the payment in full of the Obligations of the Borrower under the Credit
Agreement and the other Credit Documents. Additionally, certain other Subsidiaries of the Borrower
may from time to time after the date hereof enter into the Guaranty Agreement, pursuant to which
such Subsidiaries will guarantee to the Secured Parties the payment in full of the Obligations of
the Borrower under the Credit Agreement and the other Credit Documents.
C. It is a further condition to the extension of credit to the Borrower under the Credit
Agreement that the Pledgors shall have agreed, by executing and delivering this Agreement, to
secure the payment in full of their respective obligations under the Credit Agreement, the Guaranty
Agreement and the other Credit Documents. The Secured Parties are relying on this Agreement in
their decision to extend credit to the Borrower under the Credit Agreement, and would not enter
into the Credit Agreement without the execution and delivery of this Agreement by the Pledgors.
D. The Pledgors will obtain benefits as a result of the extension of credit to the Borrower
under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desire to
execute and deliver this Agreement.
STATEMENT OF AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, to induce the
Secured Parties to enter into the Credit Agreement and to induce the Lenders to extend credit
to the Borrower thereunder, each Pledgor hereby agrees as follows:
ARTICLE I
DEFINITIONS
1.1 Defined Terms. The following terms that are defined in the Uniform Commercial
Code (as hereinafter defined) are used in this Agreement as so defined (and, in the event any such
term is defined differently for purposes of Article 9 of the Uniform Commercial Code than for any
other purpose or purposes of the Uniform Commercial Code, the Article 9 definition shall govern):
Account, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Commodity Account,
Commodity Intermediary, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Fixtures,
General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights,
Record, Securities Account, Securities Intermediary, Software, Supporting Obligations and Tangible
Chattel Paper. In addition, the following terms have the meanings set forth below:
“Collateral” has the meaning given to such term in Section 2.1.
“Collateral Accounts” has the meaning given to such term in Section 6.3.
“Contracts” means, collectively, all rights of each Pledgor under all leases,
contracts and agreements to which such Pledgor is now or hereafter a party, including, without
limitation, all rights, privileges and powers under Ownership Agreements and Licenses, together
with any and all extensions, modifications, amendments and renewals of such leases, contracts and
agreements and all rights of such Pledgor to receive moneys due or to become due thereunder or
pursuant thereto and to amend, modify, terminate or exercise rights under such leases, contracts
and agreements.
“Copyright Collateral” means, collectively, all Copyrights and Copyright Licenses to
which any Pledgor is or hereafter becomes a party and all other General Intangibles embodying,
incorporating, evidencing or otherwise relating or pertaining to any Copyright or Copyright
License, in each case whether now owned or existing or hereafter acquired or arising.
“Copyright License” means any agreement now or hereafter in effect granting any right
to any third party under any Copyright now or hereafter owned by any Pledgor or which any Pledgor
otherwise has the right to license, or granting any right to any Pledgor under any property of the
type described in the definition of Copyright herein now or hereafter owned by any third party, and
all rights of any Pledgor under any such agreement.
“Copyrights” means, collectively, all of each Pledgor’s copyrights, copyright
registrations and applications for copyright registration, whether under the laws of the United
States or any other country or jurisdiction, including all recordings, supplemental registrations
and derivative or collective work registrations, and all renewals and extensions thereof, in each
case whether now owned or existing or hereafter acquired or arising.
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“Excluded Collateral” means collectively the following property of a Pledgor: (a)
“intent-to-use” United States trademarks until such time as such Pledgor begins to use such
trademarks, and (b) any item of Accounts, Chattel Paper, Contracts, Documents, General Intangibles,
or Instruments (the “Subject Collateral”) but only to the extent that any such item of Subject
Collateral (or any agreement evidencing such item of Subject Collateral) contains a term or is
subject to a rule of law, statute or regulation that restricts, prohibits, or requires a consent
(that has not been obtained) of a Person (other than such Pledgor) to, the creation, attachment or
perfection of the security interest granted herein, and any such restriction, prohibition and/or
requirement of consent is effective and enforceable under applicable law and is not rendered
ineffective by applicable law (including, without limitation, pursuant to Sections 9-406, 9-407,
9-408 or 9-409 of the Uniform Commercial Code); provided, however, that (x) the
foregoing clause (b) shall not include any proceeds of any item of Subject Collateral, and (y) any
item of Subject Collateral that at any time ceases to satisfy the criteria for the foregoing clause
(b) (whether as a result of the applicable Pledgor obtaining any necessary consent, any change in
any rule of law, statute or regulation, or otherwise), shall no longer be excluded pursuant to
clause (b).
“Knowledge of the Pledgor” means the actual knowledge of any Responsible Officer of
such Pledgor.
“License” means any Copyright License, Patent License or Trademark License.
“Mobile Goods” means, collectively, all of each Pledgor’s motor vehicles, tractors,
trailers, aircraft, rolling stock and other like property, whether or not the title thereto is
governed by a certificate of title or ownership, in each case whether now owned or existing or
hereafter acquired.
“Ownership Agreement” means any partnership agreement, joint venture agreement,
limited liability company operating agreement, stockholders agreement or other agreement creating,
governing or evidencing any such capital stock or equity interests and to which any Pledgor is now
or hereafter becomes a party, as any such agreement may be amended, modified, supplemented,
restated or replaced from time to time.
“Patent Collateral” means, collectively, all Patents and all Patent Licenses to which
any Pledgor is or hereafter becomes a party and all other General Intangibles embodying,
incorporating, evidencing or otherwise relating or pertaining to any Patent or Patent License, in
each case whether now owned or existing or hereafter acquired or arising.
“Patent License” means any agreement now or hereafter in effect granting to any third
party any right to make, use or sell any invention on which a Patent, now or hereafter owned by any
Pledgor or which any Pledgor otherwise has the right to license, is in existence, or granting to
any Pledgor any right to make, use or sell any invention on which property of the type described in
the definition of Patent herein, now or hereafter owned by any third party, is in existence, and
all rights of any Pledgor under any such agreement.
“Patents” means, collectively, all of each Pledgor’s letters patent, whether under the
laws of the United States or any other country or jurisdiction, all recordings and registrations
thereof
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and applications therefor, including, without limitation, the inventions and improvements described
therein, and all reissues, continuations, divisions, renewals, extensions, substitutions and
continuations-in-part thereof, in each case whether now owned or existing or hereafter acquired or
arising.
“Permitted Hedge Agreement” means any Hedge Agreement that is required or permitted by
the Credit Agreement to be entered into by the Borrower.
“Pledged Interests” means, collectively, (i) all of the issued and outstanding shares,
interests or other equivalents of capital stock of each Person that is a direct Subsidiary of any
Pledgor as of the date hereof or that becomes a direct Subsidiary of any Pledgor at any time after
the date hereof, at any time now or hereafter owned by any Pledgor, whether voting or non-voting
and whether common or preferred; (ii) all partnership, joint venture, limited liability company or
other equity interests in each Person not a corporation that is a direct Subsidiary of any Pledgor
as of the date hereof or that becomes a direct Subsidiary of any Pledgor at any time after the date
hereof, at any time now or hereafter owned by any Pledgor; (iii) all options, warrants and other
rights to acquire, and all securities convertible into, any of the foregoing; (iv) all rights to
receive interest, income, dividends, distributions, returns of capital and other amounts (whether
in cash, securities, property, or a combination thereof), and all additional stock, warrants,
options, securities, interests and other property, from time to time paid or payable or distributed
or distributable in respect of any of the foregoing (but subject to the provisions of Section 5.3),
including, without limitation, all rights of such Pledgor to receive amounts due and to become due
under or in respect of any Ownership Agreement or upon the termination thereof; (v) all rights of
access to the books and records of any such Person; and (vi) all other rights, powers, privileges,
interests, claims and other property in any manner arising out of or relating to any of the
foregoing, of whatever kind or character (including any tangible or intangible property or
interests therein), and whether provided by contract or granted or available under applicable law
in connection therewith, including, without limitation, such Person’s right to vote and to manage
and administer the business of any such Subsidiary pursuant to any applicable Ownership Agreement,
in each case together with all certificates, instruments and entries upon the books of financial
intermediaries at any time evidencing any of the foregoing.
“Proceeds” has the meaning given to such term in Section 2.1.
“Secured Parties” means, collectively, the Lenders (including the Issuing Lender and
the Swingline Lender in their capacities as such), the Hedge Parties and the Administrative Agent.
“Trademark Collateral” means, collectively, all Trademarks and Trademark Licenses to
which any Pledgor is or hereafter becomes a party and all other General Intangibles embodying,
incorporating, evidencing or otherwise relating or pertaining to any Trademark or Trademark
License, in each case whether now owned or existing or hereafter acquired or arising.
“Trademark License” means any agreement now or hereafter in effect granting any right
to any third party under any Trademark now or hereafter owned by any Pledgor or which any Pledgor
otherwise has the right to license, or granting any right to any Pledgor under any property of the
type described in the definition of Trademark herein now or hereafter owned by any third party, and
all rights of any Pledgor under any such agreement.
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“Trademarks” means, collectively, all of each Pledgor’s trademarks, service marks,
trade names, corporate and company names, business names, logos, trade dress, trade styles, other
source or business identifiers, designs and general intangibles of a similar nature, whether under
the laws of the United States or any other country or jurisdiction, all recordings and
registrations thereof and applications therefor, all renewals, reissues and extensions thereof, all
rights corresponding thereto, and all goodwill associated therewith or symbolized thereby, in each
case whether now owned or existing or hereafter acquired or arising.
“Uniform Commercial Code” means the Uniform Commercial Code as the same may be in
effect from time to time in the State of North Carolina; provided that if, by reason of
applicable law, the validity or perfection of any security interest in any Collateral granted under
this Agreement is governed by the Uniform Commercial Code as in effect in another jurisdiction,
then as to the validity or perfection, as the case may be, of such security interest, “Uniform
Commercial Code” means the Uniform Commercial Code as in effect from time to time in such other
jurisdiction.
1.2 Other Terms; Construction. All terms in this Agreement that are not capitalized
shall, unless the context otherwise requires, have the meanings provided by the Uniform Commercial
Code to the extent the same are used or defined therein.
ARTICLE II
CREATION OF SECURITY INTEREST
2.1 Pledge and Grant of Security Interest. Each Pledgor hereby pledges, assigns and
delivers to the Administrative Agent, for the ratable benefit of the Secured Parties, and grants to
the Administrative Agent, for the ratable benefit of the Secured Parties, a Lien upon and security
interest in, all of such Pledgor’s right, title and interest in and to the following property and
assets of such Pledgor, in each case whether now owned or existing or hereafter acquired or arising
and wherever located (collectively, the “Collateral”):
(i) all Accounts;
(ii) all As-Extracted Collateral;
(iii) all Chattel Paper;
(iv) the Commercial Tort Claims (if any) set forth on Annex I hereto;
(v) all Contracts;
(vi) all Copyright Collateral;
(vii) all Deposit Accounts;
(viii) all Documents;
(ix) all Equipment;
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(x) all Fixtures;
(xi) all General Intangibles;
(xii) all Goods;
(xiii) all Instruments;
(xiv) all Inventory;
(xv) all Investment Property;
(xvi) all Letter-of-Credit Rights;
(xvii) all Patent Collateral;
(xviii) all Pledged Interests; provided, however, that at no time shall
the Pledged Interests of any Foreign Subsidiary exceed 65% of all such shares, interests,
rights and other property of the type described in this clause (xviii) of such Foreign
`Subsidiary;
(xix) all Software;
(xx) all Supporting Obligations;
(xxi) all Trademark Collateral;
(xxii) all cash, cash equivalents and money of such Pledgor, wherever held;
(xxiii) to the extent not covered or not specifically excluded by clauses (i) through
(xxii) above, all of such Pledgor’s other personal property;
(xxiv) all Records evidencing or relating to any of the foregoing or that are otherwise
necessary or useful in the collection thereof;
(xxv) all accessions, additions, attachments, improvements, modifications and upgrades
to, replacements of and substitutions for any of the foregoing; and
(xxvi) any and all proceeds, as defined in the Uniform Commercial Code, products,
rents, royalties and profits of or from any and all of the foregoing and, to the extent not
otherwise included in the foregoing, (w) all payments under any insurance (whether or not
the Administrative Agent is the loss payee thereunder), indemnity, warranty or guaranty with
respect to any of the foregoing Collateral, (x) all payments in connection with any
requisition, condemnation, seizure or forfeiture with respect to any of the foregoing
Collateral, (y) all claims and rights (but not obligations) to recover for any past, present
or future infringement or dilution of or injury to any Copyright Collateral, Patent
Collateral or Trademark Collateral, and (z) all other amounts from time to time paid or
payable under or with respect to any of the foregoing Collateral (collectively,
“Proceeds”). For purposes of this Agreement, the term “Proceeds” includes
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whatever is receivable or received when Collateral or Proceeds are sold, exchanged,
collected or otherwise disposed of, whether voluntarily or involuntarily;
provided, however, Collateral shall not include any Excluded Collateral.
Notwithstanding the foregoing, the Administrative Agent may, in its sole discretion, reject or
refuse to accept for credit toward payment of the Secured Obligations any Collateral that is an
Account, Instrument, Chattel Paper, lease or other obligation or property of any kind due or owing
from or belonging to a Sanctioned Person.
2.2 Security for Secured Obligations. This Agreement and the Collateral secure the
full and prompt payment, at any time and from time to time as and when due (whether at the stated
maturity, by acceleration or otherwise), of (a) in the case of the Borrower, all Obligations of the
Borrower under the Credit Agreement and the other Credit Documents, including, without limitation,
all principal of and interest on the Loans, all Reimbursement Obligations, all fees, expenses,
indemnities and other amounts payable by the Borrower under the Credit Agreement or any other
Credit Document (including interest accruing after the filing of a petition or commencement of a
case by or with respect to the Borrower seeking relief under any applicable federal and state laws
pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts,
dissolution, liquidation or other debtor relief, specifically including, without limitation, the
Bankruptcy Code and any fraudulent transfer and fraudulent conveyance laws, whether or not the
claim for such interest is allowed in such proceeding), and all obligations of the Borrower to any
Hedge Party under any Permitted Hedge Agreement, and (b) in the case of each other Pledgor, all of
its liabilities and obligations as a Guarantor (as defined in the Guaranty Agreement) in respect of
the Obligations; and in each case under (a) and (b) above, (i) all such liabilities and obligations
that, but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code,
would become due, and (ii) all fees, costs and expenses payable by the Pledgors under Section 8.1,
in each case under (a) and (b) above whether now existing or hereafter created or arising and
whether direct or indirect, absolute or contingent, due or to become due (the liabilities and
obligations of the Pledgors described in this Section 2.2, collectively, the “Secured
Obligations”).
ARTICLE III
REPRESENTATIONS AND WARRANTIES
Each Pledgor represents and warrants as follows:
3.1 Ownership of Collateral. Each Pledgor owns, or has valid rights as a lessee or
licensee with respect to, all Collateral purported to be pledged by it hereunder, free and clear of
any Liens except for the Liens granted to the Administrative Agent, for the benefit of the Secured
Parties, pursuant to this Agreement, and except for other Permitted Liens. No security agreement,
financing statement or other public notice with respect to all or any part of the Collateral is on
file or of record in any government or public office, and no Pledgor has filed or consented to the
filing of any such statement or notice, except (i) Uniform Commercial Code financing statements
naming the Administrative Agent as secured party, (ii) security instruments filed in the U.S.
Copyright Office or the U.S. Patent and Trademark Office naming the
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Administrative Agent as secured party, (iii) filings with respect to which termination statements
and other necessary releases have been delivered to the Administrative Agent for filing, and (iv)
as may be otherwise permitted by the Credit Agreement.
3.2 Security Interests; Filings. This Agreement, together with (i) the filing, with
respect to each Pledgor, of duly completed Uniform Commercial Code financing statements naming such
Pledgor as debtor, the Administrative Agent as secured party, and describing the Collateral, in the
jurisdictions set forth with respect to such Pledgor on Annex A hereto, (ii) to the extent
required by applicable law, the filing, with respect to each relevant Pledgor, of duly completed
and executed assignments in the forms set forth as Exhibits A and B with the U.S.
Copyright Office or the U.S. Patent and Trademark Office, as appropriate, with regard to registered
Copyright Collateral, Patent Collateral and Trademark Collateral of such Pledgor, as the case may
be, (iii) in the case of uncertificated Pledged Interests consisting of capital stock and
constituting “securities” under Article 8 of the Uniform Commercial Code, registration of transfer
thereof to the Administrative Agent on the issuer’s books or the execution by the issuer of a
control agreement satisfying the requirements of Section 8-106 (or its successor provision) of the
Uniform Commercial Code, and (iv) the delivery to the Administrative Agent of all stock
certificates and Instruments included in the Collateral (and assuming continued possession thereof
by the Administrative Agent), creates, and at all times shall constitute, a valid and perfected
security interest in and Lien upon the Collateral in favor of the Administrative Agent, for the
benefit of the Secured Parties, to the extent a security interest therein can be perfected by such
filings or possession, as applicable, superior and prior to the rights of all other Persons therein
(except for Permitted Liens), and no other or additional filings, registrations, recordings or
actions are or shall be necessary or appropriate under current law in order to maintain the
perfection and priority of such Lien and security interest, other than actions required with
respect to Collateral of the types excluded from Article 9 of the Uniform Commercial Code or from
the filing requirements under such Article 9 by reason of Section 9-109, 9-309 or 9-310 of the
Uniform Commercial Code and other than continuation statements required under the Uniform
Commercial Code.
3.3 Locations. Annex B lists, as to each Pledgor, (i) its exact legal name,
(ii) the jurisdiction of its incorporation or organization, its federal tax identification number,
and (if applicable) its organizational identification number, (iii) the addresses of its chief
executive office and each other place of business, (iv) the address of each location of its books
and records or other information evidencing or relating to the Collateral of such Pledgor, and (v)
the address of each location at which any material Equipment or material Inventory (other than
Mobile Goods and Goods in transit) owned by such Pledgor is kept or maintained, in each instance
except for any new locations established in accordance with the provisions of Section 4.2. Except
as may be otherwise noted therein, all locations identified in Annex B are leased by the
applicable Pledgor. No Pledgor that is the owner of Collateral that constitutes a material portion
of the Collateral of the Pledgors taken as a whole (x) presently conducts business under any prior
or other corporate or company name or under any trade or fictitious names, except as indicated
beneath its name on Annex B, (y) except as set forth on Annex B, has entered into
any contract or granted any Lien within the past five years under any name other than its legal
corporate name or a trade or fictitious name indicated on Annex B, or (z) has filed any tax
return under any name other than its exact legal name or the exact legal name of the Borrower or
any Subsidiary of the Borrower, except as indicated beneath its name on Annex B.
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3.4 Authorization; Consent. The execution, delivery and performance by each Pledgor
of this Agreement and the grant by such Pledgor of the Lien and security interest in favor of the
Administrative Agent provided for herein, or the exercise by the Administrative Agent of its rights
and remedies hereunder do not require any authorization, exemption, consent or approval of, notice
to, or declaration or filing with, any Governmental Authority other than those obtained on or
before the Closing Date (other than those, if not obtained, that could not reasonably be expected
to result in, individually or in the aggregate, a Material Adverse Effect).
3.5 No Restrictions. There are no statutory or regulatory restrictions, prohibitions
or limitations on any Pledgor’s ability to grant to the Administrative Agent a Lien upon and
security interest in the Collateral pursuant to this Agreement or (except for the provisions of the
federal Anti-Assignment Act and Anti-Claims Act, as amended) on the exercise by the Administrative
Agent of its rights and remedies hereunder (including any foreclosure upon or collection of the
Collateral), and there are no contractual restrictions on any Pledgor’s ability so to grant such
Lien and security interest.
3.6 Accounts. Each Account is, or at the time it arises will be, except as would not
have, individually or in the aggregate, a Material Adverse Effect, (i) a bona fide, valid and
legally enforceable indebtedness of the account debtor according to its terms, arising out of or in
connection with the sale, lease or performance of Goods or services by the Pledgors or any of them,
(ii) subject to no offsets, discounts, counterclaims, contra accounts or any other defense of any
kind and character, other than customarily given by the Pledgors in the ordinary course of business
and warranties provided by applicable law, (iii) to the extent listed on any schedule of Accounts
at any time furnished to the Administrative Agent, a true and correct statement of the amount
actually and unconditionally owing thereunder, maturing as stated in such schedule and in the
invoice covering the transaction creating such Account, and (iv) not evidenced by any Tangible
Chattel Paper or other Instrument; or if so, such Tangible Chattel Paper or other Instrument (other
than invoices and related correspondence and supporting documentation) shall promptly be duly
endorsed to the order of the Administrative Agent and delivered to the Administrative Agent to be
held as Collateral hereunder. To the knowledge of each Pledgor, there are no facts, events or
occurrences that would in any way impair the validity or enforcement of any Accounts except as set
forth above.
3.7 Pledged Interests. As of the date hereof, the Pledged Interests required to be
pledged hereunder by each Pledgor consist of the number and type of shares of capital stock (in the
case of issuers that are corporations) or the percentage and type of other equity interests (in the
case of issuers other than corporations) as described beneath such Pledgor’s name in Annex
C. All of the Pledged Interests have been duly and validly issued and are fully paid and
nonassessable (or, in the case of partnership, limited liability company or similar Pledged
Interests, not subject to any capital call or other additional capital requirement) and not subject
to any preemptive rights, warrants, options or similar rights or restrictions in favor of third
parties or any contractual or other restrictions upon transfer. As to each issuer thereof, the
Pledged Interests pledged hereunder constitute 100% of the outstanding capital stock of or other
equity interests in such issuer, except as set forth in Annex C (or, in the case of any
issuer that is a Foreign Subsidiary, such lower percentage, not less than 65% (with respect to
voting capital stock or other equity interests only) in any event, as may be permitted by the terms
of this Agreement and the Credit Agreement).
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3.8 Intellectual Property. Annexes D, E and F correctly set
forth all registered Copyrights, Patents and Trademarks owned by any Pledgor as of the date hereof
(and as amended from time to time pursuant to Section 4.8) and used or proposed to be used in its
business. Each such Pledgor owns or has the legal right to use all Copyrights, Patents and
Trademarks; all registrations therefor have been validly issued under applicable law and are in
full force and effect; no claim has been made in writing, is pending, or, to the Knowledge of such
Pledgor, is threatening, challenging or questioning the use of any of the Copyrights, Patents or
Trademarks or the validity or effectiveness of any such Copyrights, Patents or Trademarks, which,
if adversely determined is reasonably likely to result in a Material Adverse Effect, and to the
Knowledge of such Pledgor, the use of such Copyright, Patent or Trademark by such Pledgor does not
infringe on the rights of any Person.
3.9 Deposit Accounts. Annex G lists, as of the date hereof (and as amended
from time to time pursuant to Section 4.10), all Deposit Accounts maintained by any Pledgor, and
lists in each case the name in which the account is held, the name of the depository institution,
the account number, and a description of the type or purpose of the account.
3.10 Securities and Commodity Accounts. Annex H lists, as of the date hereof
(and as amended from time to time pursuant to Section 4.11), all Securities Accounts and Commodity
Accounts maintained by any Pledgor with any Securities Intermediary or Commodity Intermediary, and
lists in each case the name in which the account is held, the name of the Securities Intermediary
or Commodity Intermediary, the account number, and a description of the type or purpose of the
account.
3.11 Documents of Title. No xxxx of lading, warehouse receipt or other Document or
Instrument of title is outstanding with respect to any material portion of the Collateral other
than Mobile Goods and other than Inventory in transit in the ordinary course of business to a
location set forth on Annex B or to a customer of a Pledgor.
3.12 Commercial Tort Claims. Annex I lists, as of the date hereof and to the
knowledge of each Pledgor, all Commercial Tort Claims existing in favor of any Pledgor.
ARTICLE IV
COVENANTS
4.1 Use and Disposition of Collateral. So long as no Event of Default shall have
occurred and be continuing, each Pledgor may, in any lawful manner not inconsistent with the
provisions of this Agreement and the other Credit Documents, use, control and manage the Collateral
in the operation of its businesses, and receive and use the income, revenue and profits arising
therefrom and the Proceeds thereof, in the same manner and with the same effect as if this
Agreement had not been made; provided, however, that no Pledgor will sell or
otherwise dispose of, grant any option with respect to, or mortgage, pledge, grant any Lien with
respect to or otherwise encumber any of the Collateral or any interest therein, except for the
security interest created in favor of the Administrative Agent hereunder and except as may be
otherwise expressly permitted in accordance with the terms of this Agreement and the Credit
Agreement (including
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any applicable provisions therein regarding delivery of proceeds of sale or disposition to the
Administrative Agent).
4.2 Change of Name, Locations, etc. No Pledgor will (i) change its name, identity or
corporate structure, (ii) change its chief executive office from the location thereof listed on
Annex B, (iii) change the jurisdiction of its incorporation or organization from the
jurisdiction listed on Annex B (whether by merger or otherwise), (iv) file any document
with the Internal Revenue Service using any name other than its exact legal name listed on
Annex B, or (v) remove any Collateral (other than Mobile Goods and Goods in transit), or
any books, records or other information relating to Collateral, from the applicable location
thereof listed on Annex B, or keep or maintain any Collateral at a location not listed on
Annex B, unless in each case such Pledgor has (1) given at least fifteen (15) days’ written
notice prior to any such change or removal such documents to the Administrative Agent of its
intention to do so, together with information regarding any such new location and such other
information in connection with such proposed action as the Administrative Agent may reasonably
request, and (2) delivered to the Administrative Agent prior to any such change or removal such
documents, instruments and financing statements as may be required by the Administrative Agent, all
in form and substance satisfactory to the Administrative Agent, paid all necessary filing and
recording fees and taxes, and taken all other actions reasonably requested by the Administrative
Agent (including, at the request of the Administrative Agent, delivery of opinions of counsel
reasonably satisfactory to the Administrative Agent to the effect that all such actions have been
taken), in order to perfect and maintain the Lien upon and security interest in the Collateral
provided for herein in accordance with the provisions of Section 3.2.
4.3 Records; Inspection.
(a) Each Pledgor will keep and maintain at its own cost and expense satisfactory and complete
records of the Accounts and all other Collateral, including, without limitation, records of all
payments received, all credits granted thereon, all merchandise returned and all other
documentation relating thereto, and will furnish to the Administrative Agent from time to time such
statements, schedules and reports (including, without limitation, accounts receivable aging
schedules) with regard to the Collateral as the Administrative Agent may reasonably request.
(b) Each Pledgor shall, from time to time during business hours as may be reasonably requested
and upon reasonable notice, (i) make available to the Administrative Agent for inspection and
review at such Pledgor’s offices copies of all invoices and other documents and information
relating to the Collateral, and (ii) permit the Administrative Agent or its representatives to
visit its offices or the premises upon which any Collateral may be located, inspect its books and
records and make copies and memoranda thereof, inspect the Collateral, discuss its finances and
affairs with its officers, directors and independent accountants and take any other actions
necessary for the protection of the interests of the Secured Parties in the Collateral. At the
reasonable request of the Administrative Agent, each Pledgor will legend, in form and manner
satisfactory to the Administrative Agent, the books, records and materials evidencing or relating
to the Collateral with an appropriate reference to the fact that the Collateral has been assigned
to the Administrative Agent and that the Administrative Agent has a security interest therein.
Following the occurrence and during the continuance of any Event of Default, the Administrative
Agent shall have the right to make test verifications of Accounts in
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any reasonable manner and through any reasonable medium, and each Pledgor agrees to furnish all
such reasonable assistance and information as the Administrative Agent may require in connection
therewith.
4.4 Accounts. Unless notified otherwise by the Administrative Agent in accordance
with the terms hereof, each Pledgor shall endeavor to collect its Accounts and all amounts owing to
it thereunder in accordance with sound business practices and shall apply forthwith upon receipt
thereof all such amounts as are so collected to the outstanding balances thereof, and in connection
therewith shall, at the request of the Administrative Agent following the occurrence and during the
continuance of any Event of Default, take such action as the Administrative Agent may deem
necessary or advisable (within applicable laws) to enforce such collection. Each Pledgor shall
promptly notify the Administrative Agent in writing of any Accounts in excess of $1,000,000 that
constitute a claim against a federal governmental agency or authority, and, upon request of the
Administrative Agent, such Pledgor shall take such steps as may be necessary or desirable to comply
with the federal Assignment of Claims Act of 1940, as amended.
4.5 Delivery of Certain Collateral; Further Actions. All certificates or Instruments
representing or evidencing any Accounts, Investment Property or other Collateral with a value in
excess of $1,500,000 shall be delivered promptly to the Administrative Agent pursuant hereto to be
held as Collateral hereunder, shall be in form suitable for transfer by delivery and shall be
delivered together with undated stock powers duly executed in blank, appropriate endorsements or
other necessary instruments of registration, transfer or assignment, duly executed and in form and
substance satisfactory to the Administrative Agent, and in each case together with such other
instruments or documents as the Administrative Agent may reasonably request. Each Pledgor will, at
its own cost and expense, cooperate with the Administrative Agent in obtaining a control agreement,
in form and substance reasonably satisfactory to the Administrative Agent, and in taking such other
actions as may be requested by the Administrative Agent from time to time with respect to any
Investment Property or other Collateral in which a security interest may be perfected by (or can be
perfected only by) control under the Uniform Commercial Code.
4.6 Equipment. Each Pledgor will, in accordance with sound business practices,
maintain all material Equipment used by it in its business (other than obsolete Equipment or no
longer useful or desirable) in good repair, working order and condition (normal wear and tear
excepted) and from time to time make all necessary repairs and replacements thereof. No Pledgor
shall knowingly permit any Equipment to become a Fixture to any real property (other than real
property the fee interest in which is subject to a Mortgage in favor of the Administrative Agent).
4.7 Inventory. Each Pledgor will, in accordance with sound business practices,
maintain all Inventory held by it or on its behalf in good saleable or useable condition. Unless
notified otherwise by the Administrative Agent in accordance with the terms hereof, each Pledgor
may, in accordance with the Credit Agreement and the other Credit Documents, process, use and sell
its Inventory.
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4.8 Intellectual Property.
(a) Each applicable Pledgor will, at its own expense, execute and deliver to the
Administrative Agent on the Closing Date fully completed assignments in the forms of Exhibits
A and B, as applicable, for recordation in the U.S. Copyright Office or the U.S. Patent
and Trademark Office with regard to any Copyright Collateral, Patent Collateral or Trademark
Collateral, as the case may be, described in Annex D, E or F hereto. In
the event that after the date hereof any Pledgor shall acquire any registered Copyright, Patent or
Trademark, or effect any registration of any Copyright, Patent or Trademark or file any application
for registration thereof, whether within the United States or any other country or jurisdiction,
such Pledgor shall promptly furnish written notice thereof to the Administrative Agent together
with information sufficient to permit the Administrative Agent, upon its receipt of such notice, to
(and each Pledgor hereby authorizes the Administrative Agent to) modify this Agreement, as
appropriate, by amending Annexes D, E and F hereto or to add additional
exhibits hereto to include any Copyright, Patent or Trademark that becomes part of the Collateral
under this Agreement, and such Pledgor shall additionally, at its own expense, execute and deliver
to the Administrative Agent, as promptly as possible (but in any event within 15 days) after the
date of such acquisition, registration or application, as applicable, with regard to United States
Patents, Trademarks and Copyrights, fully completed assignments in the forms of Exhibits A
and B, as applicable, for recordation in the U.S. Copyright Office or the U.S. Patent and
Trademark Office as more fully described hereinabove, together in all instances with any other
agreements, instruments and documents that the Administrative Agent may reasonably request from
time to time to further effect and confirm the assignment and security interest created by this
Agreement in such Copyrights, Patents and Trademarks, and each Pledgor hereby appoints the
Administrative Agent its attorney-in-fact to execute, deliver and record any and all such
agreements, instruments and documents for the foregoing purposes, all acts of such attorney being
hereby ratified and confirmed and such power, being coupled with an interest, shall be irrevocable
for so long as this Agreement shall be in effect with respect to such Pledgor.
(b) Each Pledgor (either itself or through its licensees or its sublicensees) will, for each
Trademark that is material to the conduct of its business, use its best efforts to (i) maintain
such Trademark in full force and effect, free from any claim of abandonment or invalidity for
non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii)
display such Trademark with notice of federal registration to the extent required by applicable law
and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any
third-party rights.
(c) Each Pledgor (either itself or through its licensees or sublicensees) will refrain from
committing any act, or omitting any act, whereby any Patent that is material to the conduct of such
Pledgor’s business may become invalidated or dedicated to the public, and shall continue to xxxx
any products covered by a Patent with the relevant patent number as required by applicable patent
laws.
(d) Each Pledgor (either itself or through its licensees or sublicensees) will, for each work
covered by a Copyright that is material to the conduct of its business or the failure to maintain
would have, individually or in aggregate, a Material Adverse Effect, continue to publish,
reproduce, display, adopt and distribute the work with appropriate copyright notice as required
under applicable copyright laws.
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(e) Each Pledgor shall notify the Administrative Agent immediately if it knows or has reason
to know that any Patent, Trademark or Copyright may become abandoned or dedicated to the public, or
of any adverse determination or development (including the institution of, or any such
determination or development in, any proceeding in the U.S. Patent and Trademark Office, U.S.
Copyright Office or any court) regarding such Pledgor’s ownership of any Patent, Trademark or
Copyright, its right to register the same, or to keep and maintain the same, to the extent that any
of the foregoing is likely to result in, individually or in the aggregate, a Material Adverse
Effect.
(f) Each Pledgor will take all necessary steps that are consistent with the practice in any
proceeding before the U.S. Patent and Trademark Office, U.S. Copyright Office or any office or
agency in any political subdivision of the United States or in any other country or any political
subdivision thereof, to maintain and pursue each application relating to any Patents, Trademarks or
Copyrights (and to obtain the relevant grant or registration) and to maintain each registration of
any Patents, Trademarks and Copyrights material to the conduct of such Pledgor’s business,
including the filing of applications for renewal, affidavits of use, affidavits of incontestability
and maintenance fees, and, if consistent with sound business judgment, to initiate opposition,
interference and cancellation proceedings against third parties.
(g) In the event that any Collateral consisting of a Patent, Trademark or Copyright is
believed infringed, misappropriated or diluted by a third party to the extent that such
infringement, misappropriation or dilution is reasonably expected to cause, individually or in the
aggregate, a Material Adverse Effect, such Pledgor shall notify the Administrative Agent promptly
after it learns thereof and shall, if consistent with sound business judgment, promptly xxx for
infringement, misappropriation or dilution and to recover any and all damages for such
infringement, misappropriation or dilution, and take such other actions as are appropriate under
the circumstances to protect such Collateral.
(h) Upon the occurrence and during the continuance of any Event of Default, if required by the
Required Lenders, each Pledgor shall use its reasonable best efforts to obtain all requisite
consents or approvals from the licensor of each License included within the Copyright Collateral,
Patent Collateral or Trademark Collateral to effect the assignment of all of such Pledgor’s right,
title and interest thereunder to the Administrative Agent or its designee.
4.9 Mobile Goods. Upon the request of the Administrative Agent at any time, whether
or not an Event of Default shall have occurred and be continuing, each Pledgor will deliver to the
Administrative Agent originals of the certificates of title or ownership, if any, for all Mobile
Goods owned by it, together (in the case of motor vehicles) with the manufacturer’s statement of
origin, if any, with the Administrative Agent listed as lienholder and odometer statements and
together in all other cases with appropriate instruments or certificates of transfer and delivery,
duly completed and executed, and will take such other action as the Administrative Agent may deem
necessary to perfect the security interest created by this Agreement in all such Mobile Goods.
4.10 Deposit Accounts. Each Pledgor agrees that, unless the Administrative Agent
consents otherwise in writing, (i) it will not open or maintain any Deposit Account in excess of
$1,000,000 (other than Deposit Accounts used exclusively for payroll purposes) except with the
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Administrative Agent or with another bank or financial institution that has executed and delivered
to the Administrative Agent a control agreement with respect to such Deposit Account in form and
substance reasonably satisfactory to the Administrative Agent, (ii) it will use its best efforts to
obtain control agreements with respect to all Deposit Accounts opened or maintained with a bank or
financial institution other than the Administrative Agent within 90 days of the date hereof or,
with respect to Deposit Accounts opened with a bank or financial institution other than the
Administrative Agent after the date hereof, within 90 days of the opening of such Deposit Account.
4.11 Securities and Commodity Accounts. Each Pledgor agrees that, unless the
Administrative Agent consents otherwise in writing, (i) it will not open or maintain any Securities
Account or Commodity Account unless the Administrative Agent is the entitlement holder or Commodity
Intermediary or unless the Securities Intermediary or Commodity Intermediary (as applicable) has
executed and delivered to the Administrative Agent a control agreement with respect to such
Securities Account or Commodity Account in form and substance reasonably satisfactory to the
Administrative Agent, and (ii) in the event any Pledgor opens any Securities Account or Commodity
Account not already listed on Annex H, such Pledgor shall (in addition to complying with
the other requirements of this Section) promptly furnish written notice thereof to the
Administrative Agent together with information sufficient to permit the Administrative Agent, upon
its receipt of such notice, to (and each Pledgor hereby authorizes the Administrative Agent to)
modify this Agreement, as appropriate, by amending Annex H to include such information.
4.12 Collateral in Possession of Third Party. Without limiting the generality of any
other provision of this Agreement, each Pledgor agrees that it shall not permit any Collateral with
an aggregate book value in excess of $1,500,000 to be in the possession of any bailee,
warehouseman, agent, processor or other third party at any time unless such bailee or other Person
shall have been notified of the security interest created by this Agreement (or, if required under
applicable law in order to perfect the Administrative Agent’s security interest in such Collateral,
such bailee or other Person shall have acknowledged to the Administrative Agent in writing that it
is holding such Collateral for the benefit of the Administrative Agent and subject to such security
interest and to the instructions of the Administrative Agent) and such Pledgor shall have exercised
its reasonable best efforts to obtain from such bailee or other Person, at such Pledgor’s sole cost
and expense, the written acknowledgement described above (if not already required by applicable law
to perfect the Administrative Agent’s security interest) and agreement to waive and release any
Lien (whether arising by operation of law or otherwise) it may have with respect to such
Collateral, such agreement to be in form and substance reasonably satisfactory to the
Administrative Agent.
4.13 Commercial Tort Claims. Each Pledgor agrees that it will, promptly upon becoming
aware of any Commercial Tort Claim in its favor, furnish to the Administrative Agent a description
thereof meeting the requirements of Section 9-108(e) of the Uniform Commercial Code, execute and
deliver such documents, financing statements and other instruments, and take such other action, as
the Administrative Agent may reasonably request in order to include such Commercial Tort Claim as
Collateral hereunder and to perfect the security interest of the Administrative Agent therein.
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4.14 Protection of Security Interest. Each Pledgor agrees that it will, at its own
cost and expense, take any and all actions necessary in its reasonable business judgment or
reasonably deemed necessary by the Administrative Agent to warrant and defend the right, title and
interest of the Secured Parties in and to the Collateral against the claims and demands of all
other Persons.
ARTICLE V
CERTAIN PROVISIONS RELATING TO PLEDGED INTERESTS
5.1 After-Acquired Equity Interests; Ownership.
(a) If any Pledgor shall, at any time and from time to time after the date hereof, acquire any
additional capital stock or other Pledged Interests in any Person of the types described in the
definition of the term “Pledged Interests,” the same shall be automatically deemed to be
Pledged Interests hereunder, and to be pledged to the Administrative Agent pursuant to Section 2.1
(subject, in the case of Pledged Interests in Foreign Subsidiaries, to the limitation set forth in
the proviso in Section 2.1(xviii), and such Pledgor will forthwith pledge and deposit the same with
the Administrative Agent and deliver to the Administrative Agent any certificates therefor,
together with undated stock powers or other necessary instruments of transfer or assignment, duly
executed in blank and in form and substance reasonably satisfactory to the Administrative Agent,
together with such other certificates and instruments as the Administrative Agent may reasonably
request (including Uniform Commercial Code financing statements or appropriate amendments thereto),
and will promptly thereafter deliver to the Administrative Agent a fully completed and duly
executed amendment to this Agreement in the form of Exhibit D (each, a “Pledge
Amendment”) in respect thereof. Each Pledgor hereby authorizes the Administrative Agent to
attach each such Pledge Amendment to this Agreement, and agrees that all such Collateral listed on
any Pledge Amendment shall for all purposes be deemed Collateral hereunder and shall be subject to
the provisions hereof; provided that the failure of any Pledgor to execute and deliver any
Pledge Amendment with respect to any such additional Collateral as required hereinabove shall not
impair the security interest of the Administrative Agent in such Collateral or otherwise adversely
affect the rights and remedies of the Administrative Agent hereunder with respect thereto.
(b) If any Pledged Interests (whether now owned or hereafter acquired) included in the
Collateral are “uncertificated securities” within the meaning of the Uniform Commercial Code or are
otherwise not evidenced by any certificate or instrument (unless not constituting a “security”
under Article 8 of the Uniform Commercial Code), each applicable Pledgor will (i) promptly notify
the Administrative Agent thereof and will promptly take and cause to be taken, (ii) will (if the
issuer of such uncertificated securities is a Person other than a Subsidiary of the Borrower) use
commercially reasonable efforts to cause the issuer to take, all actions required under Articles 8
and 9 of the Uniform Commercial Code and any other applicable law, to enable the Administrative
Agent to acquire “control” of such uncertificated securities (within the meaning of such term under
Section 8-106 (or its successor provision) of the Uniform Commercial Code) and as may be otherwise
necessary to perfect the security interest of the Administrative Agent therein, and (iii) will not,
except at the request of the Administrative Agent, cause such Pledged Interest to become
certificated.
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(c) If any Pledged Interests (whether now owned or hereafter acquired) are not “securities”
under Article 8 of the Uniform Commercial Code, the Borrower will not, and will not permit any of
its Subsidiaries to, take any action to cause the issuer of such Pledged Interests to “opt-in” to
Article 8 of the Uniform Commercial Code unless the Administrative Agent shall have given its prior
written consent.
(d) Except to the extent otherwise expressly permitted by or pursuant to the Credit Agreement,
the Pledgors will cause the Pledged Interests in each issuer pledged hereunder to constitute at all
times 100% of the capital stock or other Pledged Interests in such issuer, such that the issuer
shall be a direct or indirect Wholly Owned Subsidiary of the Borrower (subject, in the case of
Pledged Interests in Foreign Subsidiaries, to the limitation set forth in the proviso in Section
2.1(xviii), and unless the Administrative Agent shall have given its prior written consent or
except as may be expressly permitted by the Credit Agreement, no Pledgor will cause or permit any
such issuer to issue or sell any new capital stock, any warrants, options or rights to acquire the
same, or other Pledged Interests of any nature to any Person other than such Pledgor, or cause,
permit or consent to the admission of any other Person as a stockholder, partner or member of any
such issuer.
5.2 Voting Rights. So long as no Event of Default shall have occurred and be
continuing, each Pledgor shall be entitled to exercise all voting and other consensual rights
pertaining to its Pledged Interests (subject to its obligations under Section 5.1(a)), and for that
purpose the Administrative Agent will execute and deliver or cause to be executed and delivered to
each applicable Pledgor all such proxies and other instruments as such Pledgor may reasonably
request in writing to enable such Pledgor to exercise such voting and other consensual rights;
provided, however, that no Pledgor will cast any vote, give any consent, waiver or
ratification, or take or fail to take any action, in any manner that would, or could reasonably be
expected to, violate or be inconsistent with any of the terms of this Agreement, the Credit
Agreement or any other Credit Document or have the effect of materially and adversely impairing the
position or interests of the Secured Parties.
5.3 Dividends and Other Distributions. So long as no Event of Default shall have
occurred and be continuing (or would occur as a result thereof), and except as provided otherwise
herein, all interest, income, dividends, distributions and other amounts payable in cash in respect
of the Pledged Interests may be paid to and retained by the Pledgors; provided,
however, that all such interest, income, dividends, distributions and other amounts shall,
at all times after the occurrence and during the continuance of an Event of Default, be paid to the
Administrative Agent and retained by it as part of the Collateral (except to the extent applied
upon receipt to the repayment of the Secured Obligations). Any and all money and other property
paid over to or received by the Administrative Agent pursuant to the provisions of this Section
shall be retained by the Administrative Agent in a Collateral Account (as hereinafter defined) upon
receipt of such money or other property and shall be applied in accordance with the provisions of
Section 6.2. The Administrative Agent shall, within five (5) Business Days after all Events of
Default have been cured or waived, repay to each applicable Pledgor all cash interest, income,
dividends, distributions and other amounts that such Pledgor would otherwise be permitted to retain
pursuant to the provisions of this Section and that remain in such Collateral Account.
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ARTICLE VI
REMEDIES
6.1 Remedies. If an Event of Default shall have occurred and be continuing, the
Administrative Agent, at the direction or with the consent of, the Required Lenders, shall be
entitled to exercise in respect of the Collateral all of its rights, powers and remedies provided
for herein or otherwise available to it under any other Credit Document, by law, in equity or
otherwise, including all rights and remedies of a secured party under the Uniform Commercial Code,
and shall be entitled in particular, but without limitation of the foregoing, to exercise the
following rights, which each Pledgor agrees to be commercially reasonable:
(a) To notify any or all account debtors or obligors under any Accounts, Contracts or other
Collateral of the security interest in favor of the Administrative Agent created hereby and to
direct all such Persons to make payments of all amounts due thereon or thereunder directly to the
Administrative Agent or to an account designated by the Administrative Agent; and in such instance
and from and after such notice, all amounts and Proceeds (including wire transfers, checks and
other Instruments) received by any Pledgor in respect of any Accounts, Contracts or other
Collateral shall be received in trust for the benefit of the Administrative Agent hereunder, shall
be segregated from the other funds of such Pledgor and shall be forthwith deposited into such
account or paid over or delivered to the Administrative Agent in the same form as so received (with
any necessary endorsements or assignments), to be held as Collateral and applied to the Secured
Obligations as provided herein; and by this provision, each Pledgor irrevocably authorizes and
directs each Person who is or shall be a party to or liable for the performance of any Contract,
upon receipt of notice from the Administrative Agent to the effect that an Event of Default has
occurred and is continuing, to attorn to or otherwise recognize the Administrative Agent as owner
under such Contract and to pay, observe and otherwise perform the obligations under such Contract
to or for the Administrative Agent or the Administrative Agent’s designee as though the
Administrative Agent or such designee were such Pledgor named therein, and to do so until otherwise
notified by the Administrative Agent;
(b) To take possession of, receive, endorse, assign and deliver, in its own name or in the
name of any Pledgor, all checks, notes, drafts and other Instruments relating to any Collateral,
including receiving, opening and properly disposing of all mail addressed to any Pledgor concerning
Accounts and other Collateral; to verify with account debtors or other contract parties the
validity, amount or any other matter relating to any Accounts or other Collateral, in its own name
or in the name of any Pledgor; to accelerate any indebtedness or other obligation constituting
Collateral that may be accelerated in accordance with its terms; to take or bring all actions and
suits deemed necessary or appropriate to effect collections and to enforce payment of any Accounts
or other Collateral; to settle, compromise or release in whole or in part any amounts owing on
Accounts or other Collateral; and to extend the time of payment of any and all Accounts or other
amounts owing under any Collateral and to make allowances and adjustments with respect thereto, all
in the same manner and to the same extent as any Pledgor might have done;
(c) To notify any or all depository institutions with which any Deposit Accounts are
maintained and which Deposit Accounts are subject to Control in favor of the Administrative
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Agent to remit and transfer all monies, securities and other property on deposit in such Deposit Accounts
or deposited or received for deposit thereafter to the Administrative Agent, for deposit in a
Collateral Account or such other accounts as may be designated by the Administrative Agent, for
application to the Secured Obligations as provided herein;
(d) To transfer to or register in its name or the name of any of its Administrative Agents or
nominees all or any part of the Collateral, without notice to any Pledgor and with or without
disclosing that such Collateral is subject to the security interest created hereunder;
(e) To require any Pledgor to, and each Pledgor hereby agrees that it will at its expense and
upon request of the Administrative Agent forthwith, assemble all or any part of the Collateral as
directed by the Administrative Agent and make it available to the Administrative Agent at a place
designated by the Administrative Agent;
(f) To enter and remain upon the premises of any Pledgor and take possession of all or any
part of the Collateral, with or without judicial process; to use the materials, services, books and
records of any Pledgor for the purpose of liquidating or collecting the Collateral, whether by
foreclosure, auction or otherwise; and to remove the same to the premises of the Administrative
Agent or any designated agent for such time as the Administrative Agent may desire, in order to
effectively collect or liquidate the Collateral;
(g) To exercise (i) all voting, consensual and other rights and powers pertaining to the
Pledged Interests (whether or not transferred into the name of the Administrative Agent), at any
meeting of shareholders, partners, members or otherwise, and (ii) any and all rights of conversion,
exchange, subscription and any other rights, privileges or options pertaining to the Pledged
Interests as if it were the absolute owner thereof (including, without limitation, the right to
exchange at its discretion any and all of the Pledged Interests upon the merger, consolidation,
reorganization, reclassification, combination of shares or interests, similar rearrangement or
other similar fundamental change in the structure of the applicable issuer, or upon the exercise by
any Pledgor or the Administrative Agent of any right, privilege or option pertaining to such
Pledged Interests), and in connection therewith, the right to deposit and deliver any and all of
the Pledged Interests with any committee, depositary, transfer agent, registrar or other designated
agency upon such terms and conditions as the Administrative Agent may determine, and give all
consents, waivers and ratifications in respect of the Pledged Interests, all without liability
except to account for any property actually received by it, but the Administrative Agent shall have
no duty to exercise any such right, privilege or option or give any such consent, waiver or
ratification and shall not be responsible for any failure to do so or delay in so doing; and for
the foregoing purposes each Pledgor will promptly execute and deliver or cause to be executed and
delivered to the Administrative Agent, upon request, all such proxies and other instruments as the
Administrative Agent may reasonably request to enable the Administrative Agent to exercise such
rights and powers; AND IN FURTHERANCE OF THE FOREGOING AND WITHOUT LIMITATION THEREOF, EACH PLEDGOR
HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS THE AGENT AS THE TRUE AND LAWFUL PROXY AND
ATTORNEY-IN-FACT OF SUCH PLEDGOR, WITH FULL POWER OF SUBSTITUTION IN THE PREMISES, TO EXERCISE ALL
SUCH VOTING, CONSENSUAL AND OTHER RIGHTS AND POWERS TO WHICH ANY HOLDER OF ANY PLEDGED INTERESTS WOULD BE ENTITLED BY VIRTUE OF HOLDING
THE SAME, WHICH PROXY AND POWER OF
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ATTORNEY, BEING COUPLED WITH AN INTEREST, IS IRREVOCABLE AND
SHALL BE EFFECTIVE FOR SO LONG AS THIS AGREEMENT SHALL BE IN EFFECT; and
(h) To sell, resell, assign and deliver, in its sole discretion, all or any of the Collateral,
in one or more parcels, on any securities exchange on which any Pledged Interests may be listed, at
public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, upon
credit or for future delivery, at such time or times and at such price or prices and upon such
other terms as the Administrative Agent may deem satisfactory. If any of the Collateral is sold by
the Administrative Agent upon credit or for future delivery, the Administrative Agent shall not be
liable for the failure of the purchaser to purchase or pay for the same and, in the event of any
such failure, the Administrative Agent may resell such Collateral. In no event shall any Pledgor
be credited with any part of the Proceeds of sale of any Collateral until and to the extent cash
payment in respect thereof has actually been received by the Administrative Agent. Each purchaser
at any such sale shall hold the property sold absolutely, free from any claim or right of
whatsoever kind, including any equity or right of redemption of any Pledgor, and each Pledgor
hereby expressly waives all rights of redemption, stay or appraisal, and all rights to require the
Administrative Agent to marshal any assets in favor of such Pledgor or any other party or against
or in payment of any or all of the Secured Obligations, that it has or may have under any rule of
law or statute now existing or hereafter adopted. No demand, presentment, protest, advertisement
or notice of any kind (except any notice required by law, as referred to below), all of which are
hereby expressly waived by each Pledgor, shall be required in connection with any sale or other
disposition of any part of the Collateral. If any notice of a proposed sale or other disposition
of any part of the Collateral shall be required under applicable law, the Administrative Agent
shall give the applicable Pledgor at least ten (10) days’ prior notice of the time and place of any
public sale and of the time after which any private sale or other disposition is to be made, which
notice each Pledgor agrees is commercially reasonable. The Administrative Agent shall not be
obligated to make any sale of Collateral if it shall determine not to do so, regardless of the fact
that notice of sale may have been given. The Administrative Agent may, without notice or
publication, adjourn any public or private sale or cause the same to be adjourned from time to time
by announcement at the time and place fixed for sale, and such sale may, without further notice, be
made at the time and place to which the same was so adjourned. Upon each public sale and, to the
extent permitted by applicable law, upon each private sale, the Administrative Agent may purchase
all or any of the Collateral being sold, free from any equity, right of redemption or other claim
or demand, and may make payment therefor by endorsement and application (without recourse) of the
Secured Obligations in lieu of cash as a credit on account of the purchase price for such
Collateral.
6.2 Application of Proceeds.
(a) All Proceeds collected by the Administrative Agent upon any sale, other disposition of or
realization upon any of the Collateral, together with all other moneys received by the
Administrative Agent hereunder, shall be applied in accordance with the provisions of Section 2.12
of the Credit Agreement. For purposes of applying amounts in accordance with this Section, the
Administrative Agent shall be entitled to rely upon any Secured Party that has entered into a
Permitted Hedge Agreement with the Borrower for a determination (which such
Secured Party agrees to provide or cause to be provided upon request of the Administrative
Agent) of the outstanding Secured Obligations owed to such Secured Party under any such
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Permitted Hedge Agreement. Unless it has actual knowledge (including by way of written notice from any such
Secured Party) to the contrary, the Administrative Agent, in acting hereunder, shall be entitled to
assume that no Permitted Hedge Agreements or Secured Obligations in respect thereof are in
existence between any Secured Party and the Borrower. If any Lender or Affiliate thereof that is a
party to a Permitted Hedge Agreement with the Borrower (the obligations of the Borrower under which
are Secured Obligations) ceases to be a Lender or Affiliate thereof, such former Lender or
Affiliate thereof shall nevertheless continue to be a Secured Party hereunder with respect to the
Secured Obligations under such Permitted Hedge Agreement.
(b) In the event that the proceeds of any such sale, disposition or realization are
insufficient to pay all amounts to which the Secured Parties are legally entitled, the Pledgors
shall be jointly and severally liable for the deficiency, together with interest thereon at the
highest rate specified in any applicable Credit Document for interest on overdue principal or such
other rate as shall be fixed by applicable law, together with the costs of collection and all other
fees, costs and expenses payable hereunder.
(c) Upon any sale of any Collateral hereunder by the Administrative Agent (whether by virtue
of the power of sale herein granted, pursuant to judicial proceeding, or otherwise), the receipt of
the Administrative Agent or the officer making the sale shall be a sufficient discharge to the
purchaser or purchasers of the Collateral so sold, and such purchaser or purchasers shall not be
obligated to see to the application of any part of the purchase money paid over to the
Administrative Agent or such officer or be answerable in any way for the misapplication thereof.
6.3 Collateral Accounts. Upon the occurrence and during the continuance of an Event
of Default, the Administrative Agent shall have the right to cause to be established and
maintained, at its principal office or such other location or locations as it may establish from
time to time in its discretion, one or more accounts (collectively, “Collateral Accounts”)
for the collection of cash Proceeds of the Collateral. Such Proceeds, when deposited, shall
continue to constitute Collateral for the Secured Obligations and shall not constitute payment
thereof until applied as herein provided. The Administrative Agent shall have sole dominion and
control over all funds deposited in any Collateral Account, and such funds may be withdrawn
therefrom only by the Administrative Agent. Upon the occurrence and during the continuance of an
Event of Default, the Administrative Agent shall have the right to (and, if directed by the
Required Lenders pursuant to the Credit Agreement, shall) apply amounts held in the Collateral
Accounts in payment of the Secured Obligations in the manner provided for in Section 6.2.
6.4 Grant of License. Each Pledgor hereby grants to the Administrative Agent an
irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to
any Pledgor) to use, license or sublicense any Patent Collateral, Trademark Collateral or Copyright
Collateral now owned or licensed or hereafter acquired or licensed by such Pledgor, wherever the
same may be located throughout the world, for such term or terms, on such conditions and in such
manner as the Administrative Agent shall determine, whether general, special or otherwise, and
whether on an exclusive or nonexclusive basis, and including in such license reasonable 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. The use of such license or sublicense by the Administrative Agent shall be
21
exercised, at the option of the Administrative Agent, only upon the occurrence and during the
continuation of an Event of Default; provided that any license, sublicense or other
transaction entered into by the Administrative Agent in accordance herewith shall be binding upon
each applicable Pledgor notwithstanding any subsequent cure of an Event of Default.
6.5 Private Sales.
(a) Each Pledgor recognizes that the Administrative Agent may be compelled, at any time after
the occurrence and during the continuance of an Event of Default, to conduct any sale of all or any
part of the Pledged Interests without registering or qualifying such Pledged Interests under the
Securities Act of 1933, as amended (the “Securities Act”), and/or any applicable state
securities laws in effect at such time. Each Pledgor acknowledges that any such private sales may
be made in such manner and under such circumstances as the Administrative Agent may deem necessary
or advisable in its sole and absolute discretion, including at prices and on terms that might be
less favorable than those obtainable through a public sale without such restrictions (including,
without limitation, a public offering made pursuant to a registration statement under the
Securities Act), and, notwithstanding such circumstances, agrees that any such sale shall not be
deemed not to have been made in a commercially reasonable manner solely because it was conducted as
a private sale, and agrees that the Administrative Agent shall have no obligation to conduct any
public sales and no obligation to delay the sale of any Pledged Interests for the period of time
necessary to permit its registration for public sale under the Securities Act and applicable state
securities laws, and shall not have any responsibility or liability as a result of its election so
not to conduct any such public sales or delay the sale of any Pledged Interests, notwithstanding
the possibility that a substantially higher price might be realized if the sale were deferred until
after such registration. Each Pledgor hereby waives any claims against the Administrative Agent or
any other Secured Party arising by reason of the fact that the price at which any Pledged Interests
may have been sold at any private sale was less than the price that might have been obtained at a
public sale or was less than the aggregate amount of the Secured Obligations, even if the
Administrative Agent accepts the first offer received and does not offer such Pledged Interests to
more than one offeree.
(b) Each Pledgor agrees that a breach of any of the covenants contained in this Section will
cause irreparable injury to the Administrative Agent and the other Secured Parties, that the
Administrative Agent and the other Secured Parties have no adequate remedy at law in respect of
such breach and, as a consequence, that each and every covenant contained in this Section shall be
specifically enforceable against the Pledgors.
6.6 The Pledgors Remain Liable. Notwithstanding anything herein to the contrary, (i)
the Administrative Agent shall not have any duty, obligation or liability by reason of this
Agreement under any Contract to which any Pledgor is a party, and Pledgor shall retain all of its
duties and obligations under all Contracts to which it is a party included within the Collateral
(including, without limitation, all Ownership Agreements) to the same extent as if this Agreement
had not been executed, (ii) the exercise by the Administrative Agent of any of its rights or
remedies hereunder shall not release any Pledgor from any of its obligations under any of such
Contracts, and (iii) except as specifically provided for hereinbelow, the Administrative
Agent shall not be obligated to perform any of the obligations or duties of any Pledgor
thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.
22
The powers, rights and remedies conferred on the Administrative Agent hereunder are solely to
protect its interest and privilege in such Contracts, as Collateral, and shall not impose any duty
upon it to exercise any such powers, rights or remedies.
6.7 Waivers. Each Pledgor, to the greatest extent not prohibited by applicable law,
hereby (i) agrees that it will not invoke, claim or assert the benefit of any rule of law or
statute now or hereafter in effect (including, without limitation, any right to prior notice or
judicial hearing in connection with the Administrative Agent’s possession, custody or disposition
of any Collateral or any appraisal, valuation, stay, extension, moratorium or redemption law), or
take or omit to take any other action, that would or could reasonably be expected to have the
effect of delaying, impeding or preventing the exercise of any rights and remedies in respect of
the Collateral, the absolute sale of any of the Collateral or the possession thereof by any
purchaser at any sale thereof, and waives the benefit of all such laws and further agrees that it
will not hinder, delay or impede the execution of any power granted hereunder to the Administrative
Agent, but that it will permit the execution of every such power as though no such laws were in
effect, (ii) waives all rights that it has or may have under any rule of law or statute now
existing or hereafter adopted to require the Administrative Agent to marshal any Collateral or
other assets in favor of such Pledgor or any other party or against or in payment of any or all of
the Secured Obligations, and (iii) waives all rights that it has or may have under any rule of law
or statute now existing or hereafter adopted to demand, presentment, protest, advertisement or
notice of any kind (except notices expressly provided for herein). In addition, each Pledgor
waives any and all rights of contribution or subrogation upon the sale or disposition of all or any
portion of the Collateral by the Administrative Agent to the extent set forth in the Credit
Agreement and the Guaranty.
ARTICLE VII
THE ADMINISTRATIVE AGENT
7.1 The Administrative Agent; Standard of Care. The Administrative Agent will hold
all items of the Collateral at any time received under this Agreement in accordance with the
provisions hereof. The obligations of the Administrative Agent as holder of the Collateral and
interests therein and with respect to the disposition thereof, and otherwise under this Agreement
and the other Credit Documents, are only those expressly set forth in this Agreement and the other
Credit Documents. The Administrative Agent shall act hereunder at the direction, or with the
consent, of the Required Lenders on the terms and conditions set forth in the Credit Agreement.
The powers conferred on the Administrative Agent hereunder are solely to protect its interest, on
behalf of the Secured Parties, in the Collateral, and shall not impose any duty upon it to exercise
any such powers. Except for treatment of the Collateral in its possession in a manner
substantially equivalent to that which the Administrative Agent, in its individual capacity,
accords its own property of a similar nature, and the accounting for moneys actually received by it
hereunder, the Administrative Agent shall have no duty as to any Collateral or as to the taking of
any necessary steps to preserve rights against prior parties or any other rights pertaining to the
Collateral. Neither the Administrative Agent nor any other Secured Party shall be liable to any
Pledgor (i) for any loss or damage sustained by such Pledgor, or (ii) for any loss, damage,
depreciation or other diminution in the value of any of the Collateral that may occur as a
result of or in connection with or that is in any way related to any exercise by the Administrative
23
Agent or any other Secured Party of any right or remedy under this Agreement, any
failure to demand, collect or realize upon any of the Collateral or any delay in doing so, or any
other act or failure to act on the part of the Administrative Agent or any other Secured Party,
except to the extent that the same is caused by its own gross negligence or willful misconduct.
7.2 Further Assurances; Attorney-in-Fact.
(a) Each Pledgor hereby irrevocably authorizes the Administrative Agent at any time and from
time to time to file in any filing office in any Uniform Commercial Code jurisdiction any financing
statements and amendments thereto that (a) indicate the Collateral (i) as all assets of such
Pledgor or words of similar effect, regardless of whether any particular asset included within the
Collateral falls within the scope of Article 9 of the Uniform Commercial Code of any such
jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail, and (b) provide
any other information required by Part 5 of Article 9 of the Uniform Commercial Code for the
sufficiency or filing office acceptance of any financing statement or amendment.
(b) Each Pledgor agrees that it will do such further acts and things (including, without
limitation, making any notice filings with state tax or revenue authorities required to be made by
account creditors in order to enforce any Accounts in such state) and to execute and deliver to the
Administrative Agent such additional conveyances, assignments, agreements and instruments as the
Administrative Agent may reasonably require or deem advisable to perfect, establish, confirm and
maintain the security interest and Lien provided for herein, to carry out the purposes of this
Agreement or to further assure and confirm unto the Administrative Agent its rights, powers and
remedies hereunder.
(c) Each Pledgor hereby irrevocably appoints the Administrative Agent its lawful
attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of
such Pledgor, the Administrative Agent or otherwise, and with full power of substitution in the
premises (which power of attorney, being coupled with an interest, is irrevocable for so long as
this Agreement shall be in effect), from time to time in the Administrative Agent’s discretion
after the occurrence and during the continuance of an Event of Default (except for the actions
described in clause (i) below, which may be taken by the Administrative Agent without regard to
whether an Event of Default has occurred) to take any action and to execute any instruments that
the Administrative Agent may deem necessary or advisable to accomplish the purpose of this
Agreement, including, without limitation:
(i) to sign the name of such Pledgor on any financing statement, continuation
statement, notice or other similar document that, in the Administrative Agent’s opinion,
should be made or filed in order to perfect or continue perfected the security interest
granted under this Agreement (including, without limitation, any title or ownership
applications for filing with applicable state agencies to enable any motor vehicles now or
hereafter owned by such Pledgor to be retitled and the Administrative Agent listed as
lienholder thereon);
(ii) to ask, demand, collect, xxx for, recover, compound, receive and give acquittance
and receipts for moneys due and to become due under or in respect of any of the Collateral;
24
(iii) to receive, endorse and collect any checks, drafts, Instruments, Chattel Paper
and other orders for the payment of money made payable to such Pledgor representing any
interest, income, dividend, distribution or other amount payable in respect of any of the
Collateral and to give full discharge for the same;
(iv) to obtain, maintain and adjust any property or casualty insurance required to be
maintained by such Pledgor under Section 6.7 of the Credit Agreement and direct the payment
of proceeds thereof to the Administrative Agent;
(v) to pay or discharge taxes, Liens or other encumbrances levied or placed on or
threatened against the Collateral, the legality or validity thereof and the amounts
necessary to discharge the same to be determined by the Administrative Agent in its sole
discretion, any such payments made by the Administrative Agent to become Secured Obligations
of the Pledgors to the Administrative Agent, due and payable immediately and without demand;
(vi) to file any claims or take any action or institute any proceedings that the
Administrative Agent may deem necessary or advisable for the collection of any of the
Collateral or otherwise to enforce the rights of the Administrative Agent with respect to
any of the Collateral; and
(vii) to use, sell, assign, transfer, pledge, make any agreement with respect to or
otherwise deal with any and all of the Collateral as fully and completely as though the
Administrative Agent were the absolute owner of the Collateral for all purposes, and to do
from time to time, at the Administrative Agent’s option and the Pledgors’ expense, all other
acts and things deemed necessary by the Administrative Agent to protect, preserve or realize
upon the Collateral and to more completely carry out the purposes of this Agreement.
(d) If any Pledgor fails to perform any covenant or agreement contained in this Agreement
after written request to do so by the Administrative Agent (provided that no such request shall be
necessary at any time after the occurrence and during the continuance of an Event of Default), the
Administrative Agent may itself perform, or cause the performance of, such covenant or agreement
and may take any other action that it deems necessary and appropriate for the maintenance and
preservation of the Collateral or its security interest therein, and the reasonable expenses so
incurred in connection therewith shall be payable by the Pledgors under Section 8.1.
ARTICLE VIII
MISCELLANEOUS
8.1 Indemnity and Expenses. The Pledgors agree jointly and severally:
(a) To indemnify and hold harmless the Administrative Agent, each other Secured Party and each
of their respective directors, officers, employees, agents and affiliates from and against any and
all claims, damages, demands, losses, obligations, judgments and liabilities (including, without
limitation, reasonable attorneys’ fees and expenses) in any way arising out of
25
or in connection with this Agreement and the transactions contemplated hereby, except to the extent the same shall
arise as a result of the gross negligence or willful misconduct of the party seeking to be
indemnified; and
(b) To pay the reasonable fees and expenses of counsel to the Administrative Agent and to
reimburse the Administrative Agent upon demand for all reasonable costs and expenses incurred by
it, in each case in connection with (i) the creation, perfection and maintenance of the perfection
of the Administrative Agent’s Liens upon the Collateral, including, without limitation, Lien
search, filing and recording fees, (ii) the custody, use or preservation of, or the sale of,
collection from or other realization upon, any of the Collateral, including the reasonable expenses
of re-taking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing
on the Collateral, (iii) the exercise or enforcement of any rights or remedies granted hereunder,
under any of the other Credit Documents or otherwise available to it (whether at law, in equity or
otherwise), or (iv) the failure by any Pledgor to perform or observe any of the provisions hereof.
The provisions of this Section shall survive the execution and delivery of this Agreement, the
repayment of any of the Secured Obligations, the termination of the Commitments and the termination
or expiration of all Letters of Credit under the Credit Agreement, the termination of this
Agreement or any other Credit Document, and the termination of, and settlement of the Borrower’s
obligations under, any Permitted Hedge Agreement to which any Hedge Party is a party.
8.2 No Waiver. The rights and remedies of the Secured Parties expressly set forth in
this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive
of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on
the part of any Secured Party in exercising any right, power or privilege shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or privilege preclude
any other or further exercise thereof or the exercise of any other right, power or privilege or be
construed to be a waiver of any Default or Event of Default. No course of dealing between the
Pledgors and the Secured Parties or their agents or employees shall be effective to amend, modify
or discharge any provision of this Agreement or any other Credit Document or to constitute a waiver
of any Default or Event of Default. No notice to or demand upon any Pledgor in any case shall
entitle such Pledgor or any other Pledgor to any other or further notice or demand in similar or
other circumstances or constitute a waiver of the right of any Secured Party to exercise any right
or remedy or take any other or further action in any circumstances without notice or demand.
8.3 Enforcement. By its acceptance of the benefits of this Agreement, each Lender
agrees that this Agreement may be enforced only by the Administrative Agent, acting upon the
instructions or with the consent of the Required Lenders as provided for in the Credit Agreement,
and that no Lender shall have any right individually to enforce or seek to enforce this Agreement
or to realize upon any Collateral or other security given to secure the payment and performance of
the Secured Obligations.
8.4 Amendments, Waivers, etc. No amendment, modification, waiver, discharge or
termination of, or consent to any departure by any Pledgor from, any provision of this Agreement,
shall be effective unless in a writing signed by the Administrative Agent and such of the Lenders
as may be required under the provisions of the Credit Agreement to concur in the
26
action then being taken, and then the same shall be effective only in the specific instance and for the specific
purpose for which given.
8.5 Continuing Security Interest; Term; Successors and Assigns; Assignment; Termination
and Release; Survival. This Agreement shall create a continuing security interest in the
Collateral and shall secure the payment and performance of all of the Secured Obligations as the
same may arise and be outstanding at any time and from time to time from and after the date hereof,
and shall (i) remain in full force and effect until the occurrence of the Termination Requirements
(as hereinafter defined), (ii) be binding upon and enforceable against each Pledgor and its
successors and assigns (provided, however, that no Pledgor may sell, assign or
transfer any of its rights, interests, duties or obligations hereunder without the prior written
consent of the Lenders) and (iii) inure to the benefit of and be enforceable by each Secured Party
and its successors and assigns. Upon any sale or other disposition by any Pledgor of any
Collateral in a transaction expressly permitted hereunder or under or pursuant to the Credit
Agreement or any other applicable Credit Document, the Lien and security interest created by this
Agreement in and upon such Collateral shall be automatically released, and upon the satisfaction of
all of the Termination Requirements, this Agreement and the Lien and security interest created
hereby shall terminate (provided that the provisions of Section 6.7 shall survive the termination
of this Agreement); and in connection with any such release or termination, the Administrative
Agent, at the request and expense of the applicable Pledgor, will execute and deliver to such
Pledgor such documents and instruments evidencing such release or termination as such Pledgor may
reasonably request and will assign, transfer and deliver to such Pledgor, without recourse and
without representation or warranty, such of the Collateral as may then be in the possession of the
Administrative Agent (or, in the case of any partial release of Collateral, such of the Collateral
so being released as may be in its possession). All representations, warranties, covenants and
agreements herein shall survive the execution and delivery of this Agreement and any Pledgor
Accession. For purposes of this Agreement, “Termination Requirements” means (x) the
payment in full in cash of the Secured Obligations (other than contingent and indemnification
obligations not then due and payable), (y) the termination of the Commitments and the termination
or expiration of all Letters of Credit under the Credit Agreement, and (z) the termination of, and
settlement of all obligations of the Borrower under, each Permitted Hedge Agreement to which any
Hedge Party is a party.
8.6 Additional Pledgors. Each Pledgor recognizes that the provisions of the Credit
Agreement require Persons that become Subsidiaries of the Borrower, and that are not already
parties hereto, to execute and deliver a Pledgor Accession, whereupon each such Person shall become
a Pledgor hereunder with the same force and effect as if originally a Pledgor hereunder on the date
hereof, and agrees that its obligations hereunder shall not be discharged, limited or otherwise
affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the
same or in releasing any Pledgor hereunder, in each case without the necessity of giving notice to
or obtaining the consent of such Pledgor or any other Pledgor.
8.7 Notices. All notices and other communications provided for hereunder shall be
given to the parties in the manner and subject to the other notice provisions set forth in the
Credit Agreement and the Guaranty Agreement.
27
8.8 Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of North Carolina (without regard to the conflicts of law
provisions thereof).
8.9 Severability. To the extent any provision of this Agreement is prohibited by or
invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to
the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or
invalidating such provision in any other jurisdiction or the remaining provisions of this Agreement
in any jurisdiction.
8.10 Construction. The headings of the various sections and subsections of this
Agreement have been inserted for convenience only and shall not in any way affect the meaning or
construction of any of the provisions hereof. Unless the context otherwise requires, words in the
singular include the plural and words in the plural include the singular.
8.11 Counterparts. This Agreement may be executed in any number of counterparts and
by different parties hereto on separate counterparts, each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument.
[The remainder of this page left blank intentionally.]
28
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed under seal by their
duly authorized officers as of the date first above written.
BORROWER: XXXXXXX HYGIENE INC. |
||||
By: | /s/ Xxxx X. Xxxxxx | |||
Xxxx X. Xxxxxx | ||||
Chief Financial Officer | ||||
PLEDGORS: XXXXXXX INTERNATIONAL, INC. HB SERVICE, LLC XXXXXXX HYGIENE FRANCHISE CORP. XXXXXXX PEST CONTROL CORP. XXXXXXX MAID, INC. SHFC FINANCE, LLC SERVICE MINNEAPOLIS, LLC SHFC OPERATIONS, LLC EXPRESS RESTAURANT EQUIPMENT SERVICE, INC. SERVICE ARKANSAS, LLC SERVICE BALTIMORE, LLC SERVICE XXXXXXX HILLS, LLC SERVICE BIRMINGHAM, LLC SERVICE CALIFORNIA, LLC SERVICE CAROLINA, LLC SERVICE CENTRAL FL, LLC SERVICE CHARLOTTE LLC SERVICE CHATTANOOGA, LLC SERVICE CINCINNATI, LLC |
||||
By: | /s/ Xxxx X. Xxxxxx | |||
Xxxx X. Xxxxxx | ||||
Chief Financial Officer | ||||
(Signature Pages Continue on Following Page)
Signature Page to Pledge and Security Agreement
SERVICE COLUMBIA, LLC SERVICE COLUMBUS, LLC SERVICE DC, LLC SERVICE DENVER, LLC SERVICE FLORIDA, LLC SERVICE GAINESVILLE, LLC SERVICE GOLD COAST, LLC SERVICE GREENSBORO, LLC SERVICE GREENVILLE, LLC SERVICE GULF COAST, LLC SERVICE HAWAII, LLC SERVICE HOUSTON, LLC SERVICE LAS VEGAS, LLC SERVICE LOUISVILLE, LLC SERVICE MEMPHIS, LLC SERVICE MICHIGAN, LLC SERVICE MIDATLANTIC, LLC SERVICE MIDWEST, LLC SERVICE NASHVILLE, LLC SERVICE NEW ENGLAND, LLC SERVICE NEW MEXICO, LLC SERVICE NEW ORLEANS, LLC SERVICE NORTH, LLC SERVICE NORTH-CENTRAL, LLC SERVICE OKLAHOMA CITY, LLC SERVICE PHILADELPHIA, LLC SERVICE PHOENIX, LLC SERVICE PORTLAND, LLC SERVICE RALEIGH, LLC SERVICE SALT LAKE CITY, LLC SERVICE SEATTLE, LLC SERVICE SOUTH, LLC SERVICE ST. LOUIS, LLC SERVICE TALLAHASSEE, LLC SERVICE TAMPA, LLC SERVICE TRI-CITIES, LLC SERVICE VIRGINIA, LLC |
||||
By: | /s/ Xxxx X. Xxxxxx | |||
Xxxx X. Xxxxxx | ||||
Chief Financial Officer | ||||
(Signature Pages Continue on Following Page)
Signature Page to Pledge and Security Agreement
SERVICE WEST COAST, LLC SERVICE WESTERN PENNSYLVANIA, LLC FOUR-STATE HYGIENE, INC. INTEGRATED BRANDS INC. ESKIMO PIE CORPORATION CHOICE ENVIRONMENTAL SERVICES, INC. CHOICE ENVIRONMENTAL SERVICES OF MIAMI, INC. CHOICE ENVIRONMENTAL SERVICES OF BROWARD, INC. CHOICE ENVIRONMENTAL SERVICES OF DADE COUNTY, INC. CHOICE ENVIRONMENTAL SERVICES OF XXXXXXX, INC. CHOICE RECYCLING SERVICES OF MIAMI, INC. CHOICE ENVIRONMENTAL SERVICES OF ST. LUCIE, INC. CHOICE RECYCLING SERVICES OF BROWARD, INC. CHOICE ENVIRONMENTAL SERVICES OF XXX COUNTY, INC. CHOICE ENVIRONMENTAL SERVICES OF HIGHLANDS COUNTY, INC. |
||||
By: | /s/ Xxxx X. Xxxxxx | |||
Xxxx X. Xxxxxx | ||||
Chief Financial Officer | ||||
(Signature Pages Continue on Following Page)
Signature Page to Pledge and Security Agreement
Accepted and agreed to:
XXXXX FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent |
||||
By: | /s/ Cavan X. Xxxxxx | |||
Cavan X. Xxxxxx | ||||
Senior Vice President | ||||
Signature Page to Pledge and Security Agreement
Annex A
Filing Locations
Name of Pledgor | Filing Location | |
HB SERVICE OPERATING SUBSIDIARIES: |
||
HB Service, LLC
|
Delaware | |
Service Xxxxxxx Hills, LLC
|
Delaware | |
Service California, LLC
|
Delaware | |
Service Cincinnati, LLC
|
Delaware | |
Service Columbus, LLC
|
Delaware | |
Service Louisville, LLC
|
Delaware | |
Service Midwest LLC
|
Delaware | |
Service Arkansas, LLC
|
Florida | |
Service Baltimore, LLC
|
Florida | |
Service Birmingham, LLC
|
Florida | |
Service Central FL, LLC
|
Florida | |
Service Chattanooga, LLC
|
Florida | |
Service Columbia, LLC
|
Florida | |
Service DC, LLC
|
Florida | |
Service Denver, LLC
|
Florida | |
Service Florida, LLC
|
Florida | |
Service Gainesville, LLC
|
Florida | |
Service Gold Coast, LLC
|
Florida | |
Service Greenville, LLC
|
Florida | |
Service Gulf Coast, LLC
|
Florida | |
Service Hawaii, LLC
|
Florida | |
Service Houston, LLC
|
Florida | |
Service Las Vegas, LLC
|
Florida | |
Service Memphis, LLC
|
Florida | |
Service Michigan, LLC
|
Florida | |
Service MidAtlantic, LLC
|
Florida | |
Service Nashville, LLC
|
Florida | |
Service New England, LLC
|
Florida | |
Service New Mexico, LLC
|
Florida | |
Service New Orleans, LLC
|
Florida | |
Service North, LLC
|
Florida | |
Service North-Central, LLC
|
Florida | |
Service Oklahoma City, LLC
|
Florida | |
Service Philadelphia, LLC
|
Florida | |
Service Phoenix, LLC
|
Florida | |
Service Portland, LLC
|
Florida | |
Service Salt Lake City, LLC
|
Florida | |
Service Seattle, LLC
|
Florida | |
Service South, LLC
|
Florida | |
Service St. Louis, LLC
|
Florida |
Name of Pledgor | Filing Location | |
Service Tallahassee, LLC
|
Florida | |
Service Tampa, LLC
|
Florida | |
Service Tri-Cities, LLC
|
Florida | |
Service Virginia, LLC
|
Florida | |
Service West Coast, LLC
|
Florida | |
Service Western Pennsylvania, LLC
|
Florida | |
Four-State Hygiene, Inc.
|
Pennsylvania | |
Service Carolina, LLC
|
North Carolina | |
Service Charlotte LLC
|
North Carolina | |
Service Greensboro, LLC
|
North Carolina | |
Service Raleigh, LLC
|
North Carolina | |
SWISHER COMPANIES: |
||
Xxxxxxx Hygiene Inc.
|
Delaware | |
Xxxxxxx Hygiene Franchise Corp.
|
North Carolina | |
Swisher International, Inc.
|
Nevada | |
Xxxxxxx Pest Control Corp.
|
North Carolina | |
Swisher Maids, Inc.
|
North Carolina | |
SHFC Finance, LLC
|
Florida | |
Service Minneapolis, LLC
|
Delaware | |
SHFC Operations, LLC
|
Delaware | |
Express Restaurant Equipment Service, Inc.
|
Idaho | |
AS A RESULT OF COOLBRANDS MERGER: |
||
Integrated Brands Inc.
|
New Jersey | |
Eskimo Pie Corporation
|
Virginia | |
AS A RESULT OF CHOICE MERGER: |
||
Choice Environmental Services, Inc.
|
Florida | |
Choice Environmental Services of Broward, Inc.
|
Florida | |
Choice Environmental Services of Xxxxxxx, Inc.
|
Florida | |
Choice Environmental Services of Dade County, Inc.
|
Florida | |
Choice Environmental Services of Highlands County, Inc.
|
Florida | |
Choice Environmental Services of Xxx County, Inc.
|
Florida | |
Choice Environmental Services of Miami, Inc.
|
Florida | |
Choice Environmental Services of St. Lucie, Inc.
|
Florida | |
Choice Recycling Services of Broward, Inc.
|
Florida | |
Choice Recycling Services of Miami, Inc.
|
Florida |
ANNEX B
JURISDICTION OF ORGANIZATION, CERTAIN LOCATIONS
*The Chief Executive Office Address and the Location of Books and Records Related to Collateral for
all entities listed on this Annex B is: 0000 Xxxxxxxx Xxx Xx., Xxxxx 000, Xxxxxxxxx, XX 00000
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Four-State Hygiene, Inc.
|
PA | 00-0000000 | 1614760 | 0000 Xxxxxxxx Xxxx, Xxxxx Xxxxx Xxx Xxxxxxxxx Xxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
HB Service, LLC
|
DE | 00-0000000 | 3940696 | 000 X Xxx Xxxx Xxxx #0000 Xxxx Xxxxxxxxxx, XX 00000 |
Xxxxxxx Hygiene | |||||||||
Service Baltimore, LLC
|
FL | 00-0000000 | L05000119674 | 0000 Xxxx Xx Xxxxx X Xxxxxxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||
Service Xxxxxxx Hills, LLC
|
DE | 00-0000000 | 3947633 | 0000 X. Xxxxxx, Xxxxxx X&X Xxxxx Xxx, XX 00000 | Xxxxxxx Hygiene | |||||||||
Service Xxxxxxx Hills, LLC
|
DE | 00-0000000 | 3947633 | 0000 Xxxx Xxxxxxxx, Xxxxx 000 Xxxxxx, XX 00000-0000 | Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Service Xxxxxxx Hills, LLC
|
DE | 00-0000000 | 3947633 | 00000 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Xxxxxxx Hills, LLC
|
DE | 00-0000000 | 3947633 | 0000 Xxxxxxx Xxxxxx, #0 Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Birmingham, LLC
|
FL | 00-0000000 | L05000078097 | 000-X Xxxxxxx Xxxxx Xxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Central FL, LLC
|
FL | 00-0000000 | L05000007056 | 0000 Xxxxxxxx Xxxx, Xxxxx X Xxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Charlotte LLC
|
NC | 00-0000000 | 0789459 | 0000 Xxxxxx Xxxx, #000 Xxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Chattanooga, LLC
|
FL | 00-0000000 | L08000027557 | 0000 X. Xxxxxxxx Xxx Xxxxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Baltimore, LLC
|
FL | 00-0000000 | L05000119674 | 0000 Xxxx Xx Xxxxx X Xxxxxxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||
Service Xxxxxxx Hills, LLC
|
DE | 00-0000000 | 3947633 | 0000 X. Xxxxxx, Xxxxxx X&X Xxxxx Xxx, XX 00000 | Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Service Cincinnati, LLC
|
DE | 00-0000000 | 3946775 | 0000 Xxxxx Xx Xxxxxxxxxxxx, XX 00000 |
Xxxxxxx Hygiene | |||||||||
Service Cincinnati, LLC
|
DE | 00-0000000 | 3946775 | 00 Xxxxxxx Xx. Xxxxx 000 Xxxxxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||
Service Columbia, LLC
|
FL | 00-0000000 | L05000088619 | 000 Xxxxxx Xxxxxxx Xxxxx, Xxxxx X Xxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Columbus, LLC
|
DE | 00-0000000 | 3946772 | 0000 Xxxxx Xxxxx Xxxxx Xxxxx Xxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service DC, LLC
|
FL | 00-0000000 | L05000069969 | 00000 Xxxxxxxxx Xxxxx Xx Xxxxxxxxxx, XX, 00000 |
Xxxxxxx Hygiene | |||||||||
Service Denver, LLC
|
FL | 00-0000000 | L07000060872 | 0000 X. Xxxxxxxxx Xxx Xxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||
Service Denver, LLC
|
FL | 00-0000000 | L07000060872 | 0000 X. 00xx Xxxxxx, Xxxx X Xxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Florida, LLC
|
FL | 00-0000000 | L04000085237 | 0000 XX 00 Xxx Xxxx 000 Xxxxx, XX 00000 |
Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Service Gold Coast, LLC
|
FL | 00-0000000 | L05000007053 | 00000 XX 000 Xxxx #00 Xxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Gold Coast, LLC
|
FL | 00-0000000 | L05000007053 | 000 Xxxx Xxxxxx #0 Xxxx Xxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Gold Coast, LLC
|
FL | 00-0000000 | L05000007053 | 0000 Xxxxxx X, Xxxxx 00 Xxxxxxx Xxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Greensboro, LLC
|
NC | 00-0000000 | 0806793 | 0000 Xxxxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Greenville, LLC
|
FL | 00-0000000 | L06000021992 | 0000 Xxxxxxxxxx Xxxx Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Houston, LLC
|
FL | 00-0000000 | L06000094737 | 0000 X. Xxxxxxxx, #000 Xxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Houston, LLC
|
FL | 00-0000000 | L06000094737 | 00000 Xxxxxxxxxx, Xxxxx 000 Xxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Las Vegas, LLC
|
FL | 00-0000000 | L06000051456 | 000 X. Xxxxxxxx Xxx. Xxxxx 00 Xxxxx Xxx Xxxxx, XX 00000-0000 | Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Service Las Vegas, LLC
|
FL | 00-0000000 | L06000051456 | 0000 Xxxxxx Xxxxx Xxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Louisville, LLC
|
DE | 00-0000000 | 3946776 | 0000 Xxxxxxxxxx Xxxxx Xxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Memphis, LLC
|
FL | 00-0000000 | L05000090363 | 0000 Xxxxxx Xxxx Xxxxx X, #00 Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Michigan, LLC
|
FL | 00-0000000 | L09000097124 | 000 X. Xxxxx Xx, Xxxx X-0X Xxxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||
Service Michigan, LLC
|
FL | 00-0000000 | L09000097124 | 000 Xxxx Xxxxxxxx Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Midwest LLC
|
DE | 00-0000000 | 3946777 | 0000 Xxxxxxxx Xx Xx Xxxxxxx, XX 00000 |
Xxxxxxx Hygiene | |||||||||
Service Minneapolis, LLC
|
DE | 00-0000000 | 9216365 | 0000 Xxxxx 000xx Xx., Xxxx X Xxxxxxxxxx, XX 00000-0000 | SHFC Minneapolis, LLC, Xxxxxxx Hygiene |
SHFC Minneapolis, LLC | ||||||||
Service Minneapolis, LLC
|
DE | 00-0000000 | 9216365 | 0000 Xxxxxx Xx 00 Xxxxxx Xxxx Xxxx, XX 00000-000 |
SHFC Minneapolis, LLC, Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Service Nashville, LLC
|
FL | 00-0000000 | L06000089731 | 0000 Xxx Xxxx Xxxx Xxxxx 0 Xxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service New England, LLC
|
FL | 00-0000000 | L09000079629 | 000 Xxxxxx Xxxx, Xxxx 0 Xxxxx Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service New England, LLC
|
FL | 00-0000000 | L09000079629 | 000 Xxxxx Xx Xxxxxxxxx, XX |
Xxxxxxx Hygiene | |||||||||
Service New Mexico, LLC
|
FL | 00-0000000 | L09000097122 | 00000 Xxxxxxx Xxxx. XX, Xxxxx X0 & X0 Xxxxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service New Orleans, LLC
|
FL | 00-0000000 | L05000119675 | 000 Xxxxxxxx Xxxxx, Xxxxx X Xxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service North, LLC
|
FL | 00-0000000 | L05000007082 | J&G Industrial Park Xxxxxxx Xxxxx, XX 00000 |
Xxxxxxx Hygiene | |||||||||
Service Oklahoma City, LLC
|
FL | 00-0000000 | L07000017708 | 0000 XX 00xx Xxxxx, Xxxxx X Xxxxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Oklahoma City, LLC
|
FL | 00-0000000 | L07000017708 | 0000 Xxxxx Xxxx Xxxxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||
Jurisdiction of | Trade/fictitious or prior | filings (last five | ||||||||||||
Incorporation/ | Federal Tax ID | corporate names (last five | years), other than | |||||||||||
Exact Legal Name | Organization: | number: | Org. ID number: | Locations of Equipment or Inventory: | years): | consolidated filings: | ||||||||
Service Philadelphia, LLC
|
FL | 00-0000000 | L05000119635 | 0000 X. Xxxxxx Xxx, Xxxxx X & X Xxxxxx Xxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||
Service Philadelphia, LLC
|
FL | 00-0000000 | L05000119635 | 0000 Xxxxxxxx Xxxx #000 Xxxxxxxx Xxxx, XX 00000 |
Xxxxxxx Hygiene | |||||||||
Service Phoenix, LLC
|
FL | 00-0000000 | L07000017698 | 0000 Xxxxx Xxxx Xxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Phoenix, LLC
|
FL | 00-0000000 | L07000017698 | 00-00 Xxxxxx Xxxxxx Xxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Portland, LLC
|
FL | 00-0000000 | L09000099514 | 0000 X 00xx Xxxxxx, #0 Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Raleigh, LLC
|
NC | 00-0000000 | 0763038 | 00000 XX Xxxxxxxx Xxx Xxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||
Service Raleigh, LLC
|
NC | 00-0000000 | 0763038 | Building X-0000-0-00-00 Xxx Xxxx, XX |
Xxxxxxx Hygiene | |||||||||
Service Salt Lake City, LLC |
FL | 00-0000000 | L06000094736 | 0000 Xxxxxx Xxxxxxx Xxxx. Xxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||||
Jurisdiction of | Trade/fictitious or | filings (last five | ||||||||||||||
Incorporation/ | Federal Tax | Org. ID | Locations of Equipment | prior corporate names | years), other than | |||||||||||
Exact Legal Name | Organization: | ID number: | number: | or Inventory: | (last five years): | consolidated filings: | ||||||||||
Service Seattle, LLC
|
FL | 00-0000000 | L06000033753 | 0000 Xxxxx Xxxxx Xxxx X.X. Xxxx X Xxxxxxxxxx, XX | Xxxxxxx Hygiene | |||||||||||
Service South, LLC
|
FL | 00-0000000 | L05000094595 | 0000 X. Xxxxxxxxx Xxxxx, Xxxx X Xxxx Xxxx Xxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||||
Service South, LLC
|
FL | 00-0000000 | L05000094595 | 0000 Xxxxxxxx Xxxxx Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service South, LLC
|
FL | 00-0000000 | L05000094595 | 0000 Xxxxxx Xxxx, Xxxxx 000X Xxxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||||
Service South, LLC
|
FL | 00-0000000 | L05000094595 | 0000 Xxxxxx Xxxxxxxx Xxxx Xxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||||
Service St. Louis, LLC
|
FL | 00-0000000 | L06000033827 | 000-X Xxxxxxxxx Xx. Xxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||||
Service St. Louis, LLC
|
FL | 00-0000000 | L06000033827 | 0000 Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||||
Service St. Louis, LLC
|
FL | 00-0000000 | L06000033827 | 00000 X 000 Xx #X Xxxxxx, XX 00000 |
Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||||
Jurisdiction of | Trade/fictitious or | filings (last five | ||||||||||||||
Incorporation/ | Federal Tax | Org. ID | Locations of Equipment | prior corporate names | years), other than | |||||||||||
Exact Legal Name | Organization: | ID number: | number: | or Inventory: | (last five years): | consolidated filings: | ||||||||||
Service St. Louis, LLC
|
FL | 00-0000000 | L06000033827 | 00000 Xxxxxx Xx #00, 00 Xxxxx, XX |
Xxxxxxx Hygiene | |||||||||||
Service Tallahassee, LLC
|
FL | 00-0000000 | L05000016570 | 00000 Xxxxxx Xxx Xxxx X Xxxxxxx, XX |
Xxxxxxx Hygiene | |||||||||||
Service Tampa, LLC
|
FL | 00-0000000 | L05000016568 | 00000 Xxxxxxx Xxxx Xxxxxxxx Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service Tampa, LLC
|
FL | 00-0000000 | L05000016568 | 000-0 Xxxxxxxx Xxxx Xxxxx Xxxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service Tampa, LLC
|
FL | 00-0000000 | L05000016568 | 0000 Xxxx Xx #000 Xxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service Tampa, LLC
|
FL | 00-0000000 | L05000016568 | 0000 Xxxxxx Xxxx, #00 Xxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service Tri-Cities, LLC
|
FL | 00-0000000 | L05000119672 | 0000 Xxxxxx Xxxx, #0 & 0 Xxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service Tri-Cities, LLC
|
FL | 00-0000000 | L05000119672 | 0000 Xxxxxxx Xxxxxx Xxxx. #000 Xxxxxxxx Xxxx, XX 00000-0000 | Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||||
Jurisdiction of | Trade/fictitious or | filings (last five | ||||||||||||||
Incorporation/ | Federal Tax | Org. ID | Locations of Equipment | prior corporate names | years), other than | |||||||||||
Exact Legal Name | Organization: | ID number: | number: | or Inventory: | (last five years): | consolidated filings: | ||||||||||
Service Virginia, LLC
|
FL | 00-0000000 | L05000119657 | 0000 Xxxxxxxxx Xxxxxxx Xxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service Virginia, LLC
|
FL | 00-0000000 | L05000119657 | 0000 Xxxxx Xxxxxxxxxxx Xxxx, Xxxxx X Xxxxxxxxx, XX 00000-0000 | Xxxxxxx Hygiene | |||||||||||
Service Virginia, LLC
|
FL | 00-0000000 | L05000119657 | 000 Xxxxxx Xxxxxx, Xxxx #0 Xxxxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service West Coast, LLC
|
FL | 00-0000000 | L05000006972 | 0000 Xxxxxxxxx Xxxxxx Xxxxxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Service West Coast, LLC
|
FL | 00-0000000 | L05000006972 | 0000 Xxxxxxx Xxxxxx Xxxxx 000 Xxxxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||||
Service West Coast, LLC
|
FL | 00-0000000 | L05000006972 | 0000 Xxxxxx Xxxx Xxxx Xxxxx, XX 00000-0000 |
Xxxxxxx Hygiene | |||||||||||
Choice Environmental
Services of Broward, Inc.
|
FL | 593524544 | P | 98000070460 | 0000 XX 00xx Xxxxxxx Xxxxxxx Xxxxx, XX 00000 |
Choice Environmental Services |
||||||||||
Choice Environmental
Services of Xxxxxxx, Inc.
|
FL | 260311103 | P | 07000066342 | 000 Xxxxxxxxx Xxxxxx Xxxxxxxxx, XX |
Choice Environmental Services |
Names used in tax | ||||||||||||||||
Jurisdiction of | Trade/fictitious or | filings (last five | ||||||||||||||
Incorporation/ | Federal Tax | Org. ID | Locations of Equipment | prior corporate names | years), other than | |||||||||||
Exact Legal Name | Organization: | ID number: | number: | or Inventory: | (last five years): | consolidated filings: | ||||||||||
Choice Environmental
Services of Dade County,
Inc.
|
FL | 202921940 | P | 05000075029 | 0000 X.X. 000xx Xxxxxx, XxxXxxxx, XX 00000 | Choice Environmental Services |
||||||||||
Choice Environmental
Services of Highlands
County, Inc.
|
FL | 00-0000000 | P | 10000057056 | 0000 Xxxxxxxxxx Xxxx., Xxxxxxx, XX 00000 | Choice Environmental Services |
||||||||||
Choice Environmental
Services of Xxx County,
Inc.
|
FL | 200721423 | P | 10000020112 | 5560-5584-5594 0xx Xxxxxx X Xxxxxx Xxxxx, XX 00000 |
Choice Environmental Services |
||||||||||
Choice Environmental
Services of Miami, Inc.
|
FL | 202010575 | P | 04000025199 | 00000 XX 00xx Xxxxx XxxXxxxx, XX 00000 |
Choice Environmental Services |
||||||||||
Choice Environmental
Services of St. Lucie,
Inc.
|
FL | 200721379 | P | 04000025194 | No equipment or inventory | Choice Environmental Services |
||||||||||
Choice Environmental
Services, Inc.
|
FL | 00-0000000 | P | 04000025188 | 0000 Xxxxx Xxxx 00, Xxxxxx Xxxx Xxxxxxxx Xxxx, Xxxx Xxxxxxxxxx, XX 00000 |
Choice Environmental Services |
||||||||||
Choice Recycling Services
of Broward, Inc.
|
FL | 208017448 | P | 07000123741 | 0000 XX 00xx Xxxxxx Xxxxxxxx Xxxx, XX 00000 |
Choice Environmental Services |
Names used in tax | ||||||||||||||||
Jurisdiction of | Trade/fictitious or | filings (last five | ||||||||||||||
Incorporation/ | Federal Tax | Org. ID | Locations of Equipment | prior corporate names | years), other than | |||||||||||
Exact Legal Name | Organization: | ID number: | number: | or Inventory: | (last five years): | consolidated filings: | ||||||||||
Choice Recycling Services
of Miami, Inc.
|
FL | 208017448 | P | 06000151449 | 7300 and 0000 XX 0xx Xxxxx Xxxxx, XX 00000 0000 XX 0xx Xxxxx Xxxxx, XX 00000 | |||||||||||
Eskimo Pie Corporation
|
VA | 00-0000000 | 0461361 | No equipment or inventory | ||||||||||||
Express Restaurant
Equipment Service, Inc.
|
ID | 00-0000000 | C103848 | No equipment or inventory | ||||||||||||
Integrated Brands Inc.
|
NJ | 00-0000000 | 0000000000 | No equipment or inventory | ||||||||||||
Service Arkansas, LLC
|
FL | 00-0000000 | L09000099556 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service California, LLC
|
DE | 00-0000000 | 3939606 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service Carolina, LLC
|
NC | 00-0000000 | 0763031 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service Gainesville, LLC
|
FL | 00-0000000 | L05000016571 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service Gulf Coast, LLC
|
FL | 00-0000000 | L07000118247 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service Hawaii, LLC
|
FL | 00-0000000 | L09000042665 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service MidAtlantic, LLC
|
FL | 00-0000000 | L07000126191 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
Service North-Central, LLC
|
FL | 00-0000000 | L05000007510 | No equipment or inventory | Xxxxxxx Hygiene |
Names used in tax | ||||||||||||||||
Jurisdiction of | Trade/fictitious or | filings (last five | ||||||||||||||
Incorporation/ | Federal Tax | Org. ID | Locations of Equipment | prior corporate names | years), other than | |||||||||||
Exact Legal Name | Organization: | ID number: | number: | or Inventory: | (last five years): | consolidated filings: | ||||||||||
Service Western Pennsylvania, LLC |
FL | 00-0000000 | L09000105272 | No equipment or inventory | Xxxxxxx Hygiene | |||||||||||
SHFC Finance, LLC
|
FL | 00-0000000 | 1094675 | No equipment or inventory | ||||||||||||
SHFC Operations, LLC
|
DE | 00-0000000 | 3975231 | No equipment or inventory | SHFC Salt Lake City, LLC, Xxxxxxx Hygiene | SHFC Salt Lake City, LLC | ||||||||||
Xxxxxxx Hygiene Franchise
Corp.
|
NC | 00-0000000 | 0403630 | 0000 Xxxxxxxx Xxx Xx., Xxxxx 000, Xxxxxxxxx, XX 00000 | ||||||||||||
Xxxxxxx Hygiene Inc.
|
DE | 00-0000000 | 4861803 | 0000 Xxxxxxxx Xxx Xx., Xxxx 000 Xxxxxxxxx, XX 00000 0000 Xxxx Xxxxxxxxxx Xxxxxx #X00 Xxxxxxx, XX 00000 | CoolBrands International, Inc. | CoolBrands International, Inc. | ||||||||||
Xxxxxxx International, Inc
|
NV | 00-0000000 | NV19861019149 | 0000 Xxxxxxxx Xxx Xx. Xxxx 000-X Xxxxxxxxx, XX 00000 | Xxxxxxx Hygiene | |||||||||||
Xxxxxxx Maids, Inc.
|
NC | 00-0000000 | 0321571 | No equipment or inventory | ||||||||||||
Xxxxxxx Pest Control Corp.
|
NC | 00-0000000 | 0435610 | No equipment or inventory |
Annex C
Pledged Interests
No. of shares | Percentage of Outstanding | |||||||||||||||
Name of Issuer | Type of Interests | Certificate Number | (if applicable) | Interests in Issuer | ||||||||||||
HB SERVICE OPERATING SUBSIDIARIES: |
||||||||||||||||
HB Service, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Xxxxxxx Hills, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service California, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Cincinnati, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Columbus, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Louisville, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Midwest LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Arkansas, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Baltimore, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Birmingham, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Central FL, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Chattanooga, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Columbia, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service DC, LLC |
Membership Interests | N/A | N/A | 80 | % | |||||||||||
Service Denver, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Florida, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Gainesville, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Gold Coast, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Greenville, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Gulf Coast, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Hawaii, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Houston, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Las Vegas, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Memphis, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Michigan, LLC |
Membership Interests | N/A | N/A | 80 | % | |||||||||||
Service MidAtlantic, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Nashville, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service New England, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service New Mexico, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service New Orleans, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service North, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service
North-Central, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Oklahoma City, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Philadelphia, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Phoenix, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Portland, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Salt Lake City, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Seattle, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service South, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service St. Louis, LLC |
Membership Interests | N/A | N/A | 100 | % |
No. of shares | Percentage of Outstanding | |||||||||||||||
Name of Issuer | Type of Interests | Certificate Number | (if applicable) | Interests in Issuer | ||||||||||||
Service Tallahassee, LLC |
Membership Interests | N/A | N/A | 60 | % | |||||||||||
Service Tampa, LLC |
Membership Interests | N/A | N/A | 80 | % | |||||||||||
Service Tri-Cities, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Virginia, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service West Coast, LLC |
Membership Interests | N/A | N/A | 75 | % | |||||||||||
Service Western Pennsylvania, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Four-State Hygiene, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Service Carolina, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Charlotte LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Greensboro, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Raleigh, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
XXXXXXX COMPANIES: |
||||||||||||||||
Xxxxxxx Hygiene Franchise Corp. |
Common Shares | 1 | 800 | 100 | % | |||||||||||
Xxxxxxx International, Inc |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Xxxxxxx Pest Control Corp. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Xxxxxxx Maids, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
SHFC Finance, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
Service Minneapolis, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
SHFC Operations, LLC |
Membership Interests | N/A | N/A | 100 | % | |||||||||||
7324375 Canada Inc |
Common Shares | C-1, C-2 | 100,001 | 100 | % | |||||||||||
Express Restaurant Equipment
Service, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
AS A RESULT OF COOLBRANDS MERGER: |
||||||||||||||||
Integrated Brands Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Eskimo Pie Corporation |
Common Shares | N/A | N/A | 100 | % | |||||||||||
AS A RESULT OF CHOICE MERGER: |
||||||||||||||||
Choice Environmental Services, Inc. |
Common Shares | No. 1 | 1,000 | 100 | % | |||||||||||
Choice Environmental Services of
Broward, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Environmental Services of
Xxxxxxx, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Environmental Services of
Dade County, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Environmental Services of
Highlands County, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Environmental Services of
Xxx County, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Environmental Services of
Miami, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Environmental Services of
St. Lucie, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Recycling Services of
Broward, Inc. |
Common Shares | N/A | N/A | 100 | % | |||||||||||
Choice Recycling Services of
Miami, Inc. |
Common Shares | N/A | N/A | 100 | % |
Note that Xxxxxxx Hygiene Inc. is not included on this Annex C, as its shares are not being
pledged hereunder.
Annex D
Copyrights.
None.
Annex E
Patents
None.
Annex F
Trademarks
The list of Intellectual Property is attached hereto and incorporated herein by reference. In
addition to the listed Intellectual Property are the following:
Fictitious Name: Santec Chemical, Registration Number G09000141036, Florida Department of State,
Division of Corporations.
Websites:
xxx.xxxxxxxxxxxxxx.xxx
xxxxxxxxxxxxxxxxx.xxx
xxxxxxxxxxxx.xxx
xxxxxxxxxxxxxx.xxx
xxxxxxxxxxxxxxx.xxx
xxxxxxxxxxx.xxx
xxxx-xxxxxxx.xxx
xxxxxxxxxxxxx.xxx
xxxxxxxxxxxxx.xxx
xxxxxxxxxxxx.xxx
XXXXXXX INTERNATIONAL, INC.
DOMESTIC AND INTERNATIONAL
TRADEMARK STATUS REPORT
TRADEMARK STATUS REPORT
Dated: March 9, 2011
(Client No. 032479)
(Client No. 032479)
Next Due | Appln. No./ | Reg. No./ | 8 & 15 | Window | Renewal | Window | Matter | |||||||||||||||||||
Date | Xxxx | Cty | Status | Appln. Date | Reg. Date | Due | Opens | Due | Opens | Comments | No. | |||||||||||||||
1.
|
02/14/12 | Xxxxxxx Total Image | US | REG | 78691594 08/12/05 |
3059156 02/14/06 |
02/14/12 | 02/14/11 | 02/14/16 | 02/14/15 | The period is open for filing a Section 8 & 15 Affidavit | .0409 | ||||||||||||||
2.
|
02/14/11-02/14/12 | “S” Design | US | REG | 78575314 02/25/05 |
3059018 02/14/06 |
02/14/12 | 02/14/11 | 02/14/16 | 02/14/15 | The period is open for filing a Section 8 & 15 Affidavit | .0403 | ||||||||||||||
3.
|
08/22/22-08/22/12 | Sanigenics (Cl. 42) | US | REG | 78721268 09/27/05 |
3133017 08/22/06 |
08/22/12 | 08/22/11 | 08/22/16 | 08/22/15 | .0411 | |||||||||||||||
4.
|
08/22/11-08/22/12 | Sanigenics & Design (Cl. 42) | US | REG | 78721440 09/27/05 |
3133022 08/22/06 |
08/22/12 | 08/22/11 | 08/22/16 | 08/22/15 | .0412 | |||||||||||||||
5.
|
08/22/11-08/22/12 | Sanigenics (Cl. 37) | US | REG | 78773348 12/14/05 |
3133177 08/22/06 |
08/22/12 | 08/22/11 | 08/22/16 | 08/22/15 | .0417 | |||||||||||||||
6.
|
08/29/11 | Xxxxxxx | Mexico | REG | 504226 08/29/01 |
752320 06/27/02 |
N/A | N/A | 08/29/11 | N/A | .0600 | |||||||||||||||
7.
|
08/30/11 | Saniservice | Canada | REG | 744438 12/22/93 |
TMA462236 08/30/96 |
N/A | N/A | 08/30/11 | N/A | .0606 | |||||||||||||||
8.
|
09/19/11-09/19/12 | A Healthy Respect for Hygiene | US | REG | 78738048 10/21/05 |
3145374 09/19/06 |
09/19/12 | 09/19/11 | 09/19/16 | 09/19/15 | .0413 | |||||||||||||||
9.
|
01/05/12-01/05/13 | Xxxxxxx & Design | US | REG | 74250147 02/27/92 |
1744818 01/05/93 |
Accepted | N/A | 01/05/13 | 01/05/12 | .0400 | |||||||||||||||
10.
|
01/21/12 | Xxxxxxx & Design | Macau | REG | N/003045 01/21/98 |
N/003045 07/03/98 |
N/A | N/A | 01/21/12 | N/A | .0619 | |||||||||||||||
11.
|
02/25/12 | “S” Design | Canada | REG | 744427 12/22/93 |
TMA471527 02/25/97 |
N/A | N/A | 02/25/12 | N/A | .0607 | |||||||||||||||
12.
|
02/25/12 | “S” Xxxxxxx Maids & Design | Canada | REG | 755673 05/26/94 |
TMA471555 02/25/97 |
N/A | N/A | 02/25/12 | N/A | .0608 | |||||||||||||||
13.
|
05/22/12-05/22/13 | Steady Step & Design | US | REG | 78929606 07/14/06 |
3244712 05/22/07 |
05/22/13 | 05/22/12 | 05/22/17 | 05/22/16 | .0420 | |||||||||||||||
14.
|
05/22/12-05/22/13 | Xxxxxxx Daily | US | REG | 78916999 06/26/06 |
3244590 05/22/07 |
05/22/13 | 05/22/12 | 05/22/17 | 05/22/16 | .0421 |
1
XXXXXXX INTERNATIONAL, INC.
DOMESTIC AND INTERNATIONAL
TRADEMARK STATUS REPORT
TRADEMARK STATUS REPORT
Dated: March 9, 2011
(Client No. 032479)
(Client No. 032479)
Next Due | Appln. No./ | Reg. No./ | 8 & 15 | Window | Renewal | Window | Matter | |||||||||||||||||||
Date | Xxxx | Cty | Status | Appln. Date | Reg. Date | Due | Opens | Due | Opens | Comments | No. | |||||||||||||||
15.
|
04/04/13 10th Anniv. | Xxxxxxx & Design | Philippines | REG | 123799 08/20/97 |
41997-123799 04/04/02 |
04/04/13 10th Anniv. | N/A | 4/4/2018 15th Anniv. | N/A | .0623 | |||||||||||||||
16.
|
06/24/13 | Xxxxxxx & Design | Ecuador | REG | 129437 12/05/02 |
2221 06/24/03 |
N/A | N/A | 06/24/13 | N/A | .0635 | |||||||||||||||
17.
|
06/24/13 | Xxxxxxx & Design | Ecuador | REG | 129438 12/05/02 |
24467 06/24/03 |
N/A | N/A | 06/24/13 | N/A | P. Matte has attempted to send communications to X. Xxxxxx requesting that file information be forwarded to Xxxxxxxx Xxxxxx, attention Xxx Xxxxxxx; however, X. Xxxxxx cannot seem to be located. | .0601 | ||||||||||||||
18.
|
06/24/13 | Xxxxxxx & Design | Ecuador | REG | 129798 12/17/02 |
8329 06/24/03 |
N/A | N/A | 06/24/13 | N/A | .0636 | |||||||||||||||
19.
|
01/09/14 | Xxxxxxx & Design (Cl. 16) | Macau | REG | N/23848 01/09/07 |
N/23848 01/09/07 |
N/A | N/A | 01/09/14 | N/A | .0647 | |||||||||||||||
20.
|
01/25/14 | Xxxxxxx | US | REG | 74362093 02/25/93 |
1818173 01/25/94 |
Accepted | N/A | 01/25/14 | N/A | .0401 | |||||||||||||||
21.
|
02/15/14 | A Health Respect for Hygiene (Cl. 37) | Macau | REG | N/23788 08/22/06 |
N/23788 02/15/07 |
N/A | N/A | 02/15/14 | N/A | .0650 | |||||||||||||||
22.
|
04/20/14 | Xxxxxxx & Design (Cl. 37) | Macau | REG | N/23849 08/24/06 |
N/23849 04/20/07 |
N/A | N/A | 04/20/14 | N/A | .0651 | |||||||||||||||
23.
|
06/29/14 | Xxxxxxx (Cl. 37) | CTM1 | REG | 3920683 06/29/04 |
3920683 02/21/06 |
N/A | N/A | 08/29/14 | N/A | .0621 | |||||||||||||||
24.
|
07/29/14 | Xxxxxxx & Design | Guatemala | REG | 007336-2003 10/09/03 |
131162 07/29/04 |
N/A | N/A | 07/29/14 | N/A | .0602 | |||||||||||||||
25.
|
11/19/14 | Xxxxxxx | Turkey | REG | 2004/37716 11/19/04 |
2004/37716 06/28/05 |
N/A | N/A | 11/19/14 | N/A | .0604 |
2
XXXXXXX INTERNATIONAL, INC.
DOMESTIC AND INTERNATIONAL
TRADEMARK STATUS REPORT
TRADEMARK STATUS REPORT
Dated: March 9, 2011
(Client No. 032479)
(Client No. 032479)
Next Due | Xxxxx.Xx./ | Reg. No./ | 8 & 15 | Window | Renewal | Window | Matter | |||||||||||||||||||
Date | Xxxx | Cty | Status | Appln. Date | Reg. Date | Due | Opens | Due | Opens | Comments | No. | |||||||||||||||
26.
|
11/19/14 | Xxxxxxx & Design | Turkey | REG | 2004/37717 11/19/04 |
2004/37717 11/19/04 |
N/A | N/A | 11/19/14 | N/A | .0605 | |||||||||||||||
27.
|
12/17/14 | Xxxxxxx | New Zealand | REG | 232932 12/17/93 |
232932 01/22/97 |
N/A | N/A | 12/17/14 | N/A | .0616 | |||||||||||||||
28.
|
12/17/14 | Xxxxxxx & Design | New Zealand | REG | 232933 12/17/93 |
232933 01/22/97 |
N/A | N/A | 12/17/14 | N/A | .0617 | |||||||||||||||
29.
|
01/12/15-01/12/16 | STI | US | REG | 78772806 12/14/05 |
3738230 01/12/10 |
01/12/16 | 01/12/15 | 01/12/20 | 01/12/19 | .0410 | |||||||||||||||
30.
|
04/07/14-04/07/15 | Xxxxxxx Services & Design | US | REG | 78678233 07/26/05 |
3604376 04/07/09 |
04/07/15 | 04/07/14 | 04/07/19 | 04/17/18 | .0408 | |||||||||||||||
31.
|
04/07/14-04/07/15 | Xxxxxxx Hygiene & Design | US | REG | 78677819 07/25/05 |
3604375 04/07/09 |
N/A | N/A | 04/07/15 | N/A | .0405 | |||||||||||||||
32.
|
09/09/15 | “S” Design | CTM | REG | 4580437 09/09/06 |
4580437 08/31/06 |
N/A | N/A | 09/09/15 | N/A | .0632 | |||||||||||||||
33.
|
03/26/16 | Sanigenics (Cls. 5, 37 & 42) | Hong Kong | REG | 300608012 03/27/06 |
300608012 03/27/06 |
N/A | N/A | 03/26/16 | N/A | .0641 | |||||||||||||||
34.
|
03/26/16 | Sanigenics (Cls. 5 & 42) | Hong Kong | REG | 300608021 03/27/06 |
300608021 03/27/06 |
N/A | N/A | 03/26/16 | N/A | .0642 | |||||||||||||||
35.
|
03/27/16 | Sanigenics (Cls. 5, 37 & 42) | Madrid Protocol2 | REG | 906192 03/27/06 |
906192 03/27/06 |
N/A | N/A | 03/27/16 | N/A | .0640 | |||||||||||||||
36.
|
04/20/16 | A Healthy Respect for Hygiene (Cl. 37) | Australia | REG | 1109562 04/20/06 |
1109562 04/20/06 |
N/A | N/A | 04/20/16 | N/A | .0644 | |||||||||||||||
37.
|
06/24/16 | Xxxxxxx & Design | Hong Kong | REG | 99/08072 06/24/99 |
200006353 06/24/99 |
N/A | N/A | 06/24/16 | N/A | .0613 | |||||||||||||||
38.
|
07/10/16 | Xxxxxxx & Design (Cl. 37) | CTM | REG | 287565 07/10/96 |
287565 01/26/99 |
N/A | N/A | 07/10/16 | N/A | .0603 | |||||||||||||||
39.
|
07/30/16 | Xxxxxxx & Design | Australia | REG | 713983 07/30/96 |
713983 07/30/96 |
N/A | N/A | 07/30/16 | N/A | .0609 | |||||||||||||||
40.
|
08/03/16 | Xxxxxxx & Design | Singapore | REG | 8108/96 08/03/96 |
8108/96 08/03/96 |
N/A | N/A | 08/03/16 | N/A | .0612 |
3
XXXXXXX INTERNATIONAL, INC.
DOMESTIC AND INTERNATIONAL
TRADEMARK STATUS REPORT
TRADEMARK STATUS REPORT
Dated: March 9, 2011
(Client No. 032479)
(Client No. 032479)
Next Due | Appln. No./ | Reg. No./ | 8 & 15 | Window | Renewal | Window | Matter | |||||||||||||||||||
Date | Xxxx | Cty | Status | Appln. Date | Reg. Date | Due | Opens | Due | Opens | Comments | No. | |||||||||||||||
41.
|
08/12/16 | Xxxxxxx & Design | Thailand | REG | 314800 08/13/96 |
BOR5642 09/02/97 |
N/A | N/A | 08/12/16 | N/A | .0627 | |||||||||||||||
42.
|
08/23/16 | Xxxxxxx & Design (Cls. 16 & 37) | Hong Kong | REG | 300707337 08/24/06 |
300707337 08/24/06 |
N/A | N/A | 08/23/16 | N/A | .0646 | |||||||||||||||
43.
|
11/08/16 | Xxxxxxx & Design | Indonesia | REG | J96-24802 11/08/96 |
IDM0000816 36 (ex No. 402108) 11/08/96 | N/A | N/A | 11/08/16 | N/A | .0622 | |||||||||||||||
44.
|
08/28/17 | A Healthy Respect for Hygiene (Cl. 37) | CTM | REG | 6234983 08/28/07 |
6234983 07/24/08 |
N/A | N/A | 08/28/17 | N/A | .0652 | |||||||||||||||
45.
|
08/31/17 | Xxxxxxx & Design | Taiwan | REG | (85)038080 08/02/96 |
93545 09/01/97 |
N/A | N/A | 08/31/17 | N/A | .0626 | |||||||||||||||
46.
|
12/01/17 | Xxxxxxx & Design | Malaysia | REG | 97/18894 12/01/97 |
97/18894 12/01/97 |
N/A | N/A | 12/01/17 | N/A | .0611 | |||||||||||||||
47.
|
12/05/17 | Xxxxxxx & Design | Japan | REG | 89829/96 12/05/97 |
4089444 12/05/97 |
N/A | N/A | 12/05/17 | N/A | .0624 | |||||||||||||||
48.
|
10/27/18 | Xxxxxxx & Design | China | REG | 970010 6284 10/09/97 |
1219941 10/28/98 |
N/A | N/A | 10/27/18 | N/A | .0610 | |||||||||||||||
49.
|
10/27/18 | Xxxxxxx & Design | Korea | REG | 97-11601 06/97 |
49435 11/13/98 |
N/A | N/A | 10/27/18 | N/A | Renewal appln. no. 00-0000-0000000 | .0615 | ||||||||||||||
50.
|
07/13/19 | Xxxxxxx & Design | Ireland | REG | 99/2377 07/14/99 |
214241 07/14/99 |
N/A | N/A | 07/13/19 | N/A | .0614 | |||||||||||||||
51.
|
08/27/19 | Xxxxxxx & Design (Cl. 16) | Chine | REG | 5535130 (Cl. 16) | 5535130 08/28/09 |
N/A | N/A | 08/27/19 | N/A | Xxxx must be in use no later than 08/28/12 | .0645 | ||||||||||||||
52.
|
10/07/19 | Xxxxxxx & Design | Norway | REG | 199906182 06/24/99 |
199799 10/07/99 |
N/A | N/A | 10/17/19 | N/A | .0618 | |||||||||||||||
53.
|
11/27/19 | Xxxxxxx & Design (Cl. 37) | China | REG | 5535131 (Cl. 37) | 5535131 11/28/09 |
N/A | N/A | 11/27/19 | N/A | Xxxx must in use no later than 11/28/12 | .0645 |
4
XXXXXXX INTERNATIONAL, INC.
DOMESTIC AND INTERNATIONAL
TRADEMARK STATUS REPORT
TRADEMARK STATUS REPORT
Dated: March 9, 2011
(Client No. 032479)
(Client No. 032479)
Next Due | Appln. No./ | Reg. No./ | 8 & 15 | Window | Renewal | Window | Matter | |||||||||||||||||||
Date | Xxxx | Cty | Status | Appln. Date | Reg. Date | Due | Opens | Due | Opens | Comments | No. | |||||||||||||||
54.
|
07/17/22 | Sanigenics | Canada | REG | 1283489 12/13/05 |
TMA692180 07/17/07 |
N/A | N/A | 07/17/22 | N/A | .0633 | |||||||||||||||
55.
|
07/17/22 | Sanigenics & Design | Canada | REG | 1283488 12/13/05 |
TMA692181 07/17/07 |
N/A | N/A | 07/17/22 | N/A | .0634 |
1 | Countries currently covered under a Community Trade Xxxx (“CTM”) registration are: Austria, Benelux (Belgium, the Netherlands and Luxembourg), Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden and the United Kingdom. | |
2 | This Madrid Protocol registration covers the following countries: Australia, China, European Union and Singapore. |
5
Annex G
Deposit Accounts
Xxxxxxx International
Name | Bank | Account Name | Account Number | |||||
US Operating
|
Wachovia | Xxxxxxx Hygiene Franchise Corp. | * | |||||
US Trust
|
Wachovia | Xxxxxxx Hygiene Franchise Corp. | * | |||||
SHFC Finance
|
Wachovia | SHFC Finance | * | |||||
Money Market Account
|
Wachovia | Xxxxxxx International | * | |||||
TD Bank in USD
|
TD Canada Trust | 7324375 Canada Inc. | * | |||||
Canada Operating
|
TD Canada Trust | Xxxxxxx Hygiene Franchisee Trust | * | |||||
Canada Trust
|
TD Canada Trust | Xxxxxxx Hygiene Franchisee Trust | * | |||||
Sani-Service Operating
|
TD Canada Trust | 7324375 Canada Inc | * | |||||
Vancouver Local
|
TD Canada Trust | 7324375 Canada Inc | * |
Xxxxxxx — HB Locations
HB Location | Bank | Account Name | Account Number | |||||
Atlanta
|
Wachovia | Service South, LLC | * | |||||
Albuquerque
|
Xxxxx Fargo Bank, N.A. | Service New Mexico LLC | * | |||||
Austin
|
Wachovia | HB Services LLC — Location 133 | * | |||||
Baltimore
|
Wachovia | HB Service LLC — Location 92 | * | |||||
Xxxxxxx Hills
|
Wachovia | HB Service LLC — Location 98 | * | |||||
Birmingham
|
Wachovia | Service Brimingham LLC | * | |||||
Central Iowa
|
Xxxxx Fargo Bank, N.A. | Service St. Louis LLC | * | |||||
Central NJ
|
Wachovia | Service Philadelphia, LLC | * | |||||
Charleston
|
Wachovia | HB Service LLC — Location 265 | * | |||||
Charlotte
|
Wachovia | HB Service LLC — Location 2 | * | |||||
Chatanooga
|
Bank of America | Service Chattanooga LLC | * | |||||
Cincinnati
|
Fifth Third | Service Cincinnati, LLC | * | |||||
Cleveland
|
Fifth Third | Service Michigan LLC | * | |||||
Connecticut
|
Bank of America | Service New England | * | |||||
Columbia
|
Wachovia | HB Service LLC — Location 50 | * | |||||
Columbus, OH
|
Fifth Third | Service Columbus, LLC | * | |||||
Denver
|
Wachovia | Denver — Local | * | |||||
Detroit
|
Bank of America | Service Michigan LLC | * | |||||
District of Columbia
|
Wachovia | HB Service LLC — Location 238 | * | |||||
Eastern Mass
|
Bank of America | Service New England, LLC | * | |||||
Fresno
|
Xxxxx Fargo Bank, N.A. | Service Xxxxxxx Hills, LLC | * | |||||
Ft. Lauderdale (So. Florida)
|
Bank of America | Service Florida, LLC — FTL | * | |||||
Gainesville
|
Wachovia | HB Service LLC — Location 87 | * | |||||
Greensboro
|
Wachovia | HB Service LLC — Location 235 | * | |||||
Greenville
|
Wachovia | HB Service LLC — Location 70 | * | |||||
HB Service
|
Bank of America | HB Services LLC | * | |||||
HB Service
|
Xxxxx Fargo Bank, N.A. | HB Services LLC | * | |||||
HB Service
|
Wachovia | HB Services LLC | * | |||||
Houston
|
Wachovia | HB Service LLC — Location 62 | * | |||||
Jacksonville (North)
|
Wachovia | HB Service LLC — Location 66 | * | |||||
Kansas City
|
Wachovia | Service St. Louis LLC | * |
* | Confidential terms omitted and provided separately to the Securities and Exchange Commission. |
HB Location | Bank | Account Name | Account Number | |||||
Knoxville
|
Bank of America | Service Tri-Cities, LLC | * | |||||
Lakeland
|
Wachovia | HB Service LLC — Location 267 | * | |||||
Las Vegas
|
Wachovia | HB Service LLC — Location 148 | * | |||||
Little Rock
|
Bank of America | Service Arkansas LLC — Little Rock | * | |||||
Louisville
|
Fifth Third | Service Louisville, LLC | * | |||||
Macon/Columbus
|
Wachovia | Service South LLC/Macon | * | |||||
Memphis
|
Wachovia | HB Service LLC — Location 39 | * | |||||
Milwaukee
|
Xxxxx Fargo Bank, N.A. | Service Minneapolis LLC | * | |||||
Minneapolis
|
Xxxxx Fargo Bank, N.A. | SHFC Operations LLC | * | |||||
Mobile
|
Wachovia | Service New Orleans LLC | * | |||||
Myrtle Beach
|
Wachovia | HB Service LLC — Location 251 | * | |||||
Nashville
|
Wachovia | HB Service LLC — Location 260 | * | |||||
New Orleans
|
Regions | Service New Orleans LLC | * | |||||
Northern NJ
|
Wachovia | Service Philadelphia, LLC | * | |||||
Norfolk
|
Wachovia | HB Service LLC — Location 207 | * | |||||
Oklahoma City
|
Bank of America | Service Oklahoma City, LLC | * | |||||
Orlando
|
Wachovia | HB Service LLC — Location 211 | * | |||||
Philadelphia
|
Wachovia | HB Service LLC — Location 165 | * | |||||
Phoenix
|
Bank of America | Service Phoenix LLC | * | |||||
Pittsburg
|
Fifth Third | Service Western PA LLC | * | |||||
Portland
|
Xxxxx Fargo Bank, N.A. | Service Portland LLC | * | |||||
Raleigh
|
Wachovia | HB Service LLC — Location 217 | * | |||||
Reno
|
Wachovia | HB Service LLC — Location 199 | * | |||||
Rhode Island
|
Bank of America | Service New England, LLC | * | |||||
Richmond (VA)
|
Wachovia | HB Service LLC — Location 223 | * | |||||
Roanoke
|
Wachovia | HB Service LLC — Location 264 | * | |||||
Rochester Hills
|
Bank of America | Service Michigan LLC | * | |||||
Salt Lake City
|
Xxxxx Fargo Bank, N.A. | HB Services LLC | * | |||||
SanTec
|
Bank of America | Service Gold Coast LLC | * | |||||
Seattle
|
Bank of America | Service Seattle LLC | * | |||||
St. Louis
|
Bank of America | Service St Louis, LLC | * | |||||
Tallahassee
|
Wachovia | HB Service LLC — Location 88 | * | |||||
Tampa
|
Wachovia | HB Service LLC — Location 210 | * | |||||
Tri-City
|
Wachovia | HB Service LLC — Location 153 | * | |||||
Tucson
|
Bank of America | Service Phoenix LLC, Tucson | * | |||||
Tulsa
|
Bank of America | Service Oklahoma City, LLC Tulsa | * | |||||
Wichita
|
Wachovia | HB Service LLC — Location 225 | * |
* | Confidential terms omitted and provided separately to the Securities and Exchange Commission. |
Annex H
Securities and Commodity Accounts
None.
Annex I
Commercial Tort Claims
None.
EXHIBIT A
GRANT OF SECURITY INTEREST
IN COPYRIGHTS
IN COPYRIGHTS
WHEREAS, [NAME OF PLEDGOR] (the “Pledgor”) is the owner of the copyright applications
and registrations listed on Schedule A attached hereto (all such copyrights, registrations
and applications, collectively, the “Copyrights”); and
WHEREAS, the Pledgor has entered into a Pledge and Security Agreement (as amended, modified,
restated or supplemented from time to time, the “Security Agreement”), dated as of March
30, 2011, in which the Pledgor has agreed with Xxxxx Fargo Bank, National Association, as
Administrative Agent (the “Administrative Agent”), with offices at 0000 X. X.X. Xxxxxx
Xxxx, Xxxxxxxx 0X0, Xxxxxxxx XX 0680, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, to execute this Assignment;
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, as security for the payment and performance of the Secured Obligations (as
defined in the Security Agreement), the Pledgor does hereby grant to the Administrative Agent a
security interest in all of its right, title and interest in and to the Copyrights, and the use
thereof, together with all proceeds and products thereof. This Grant has been given in conjunction
with the security interest granted to the Administrative Agent under the Security Agreement, and
the provisions of this Grant are without prejudice to and in addition to the provisions of the
Security Agreement, which are incorporated herein by this reference.
[NAME OF PLEDGOR] | ||||||
By: | ||||||
Title: | ||||||
Schedule A
COPYRIGHTS AND COPYRIGHT APPLICATIONS
Owner | Application or Registration No. |
Country | Registration or Filing Date |
|||
EXHIBIT B
GRANT OF SECURITY INTEREST
IN PATENTS AND TRADEMARKS
IN PATENTS AND TRADEMARKS
WHEREAS, [NAME OF PLEDGOR] (the “Pledgor”) is the owner of the trademark applications
and registrations listed on Schedule A attached hereto, (all such trademarks, registrations
and applications, collectively, the “Trademarks”) and is the owner of the patents and
patent applications listed on Schedule A attached hereto (all such patents, registrations
and applications, collectively, the “Patents”); and
WHEREAS, the Pledgor has entered into a Pledge and Security Agreement (as amended, modified,
restated or supplemented from time to time, the “Security Agreement”), dated as of March
30, 2011, in which the Pledgor has agreed with Xxxxx Fargo Bank, National Association, as
Administrative Agent (the “Administrative Agent”), with offices at 0000 X. X.X. Xxxxxx
Xxxx, Xxxxxxxx 0X0, Xxxxxxxx XX 0680, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, to execute this Grant;
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, as security for the payment and performance of the Secured Obligations (as
defined in the Security Agreement), the Pledgor does hereby grant to the Administrative Agent a
security interest in all of its right, title and interest in and to the Trademarks and the Patents,
and the use thereof, together with all proceeds and products thereof and the goodwill of the
businesses symbolized by the Trademarks. This Grant has been given in conjunction with the
security interest granted to the Administrative Agent under the Security Agreement, and the
provisions of this Grant are without prejudice to and in addition to the provisions of the Security
Agreement, which are incorporated herein by this reference.
[NAME OF PLEDGOR] | ||||||
By: | ||||||
Title: | ||||||
Schedule A
TRADEMARKS AND TRADEMARK APPLICATIONS
Owner | Xxxx | Application or Registration No. |
Country | Filing Date | ||||
PATENTS AND PATENT APPLICATIONS
Owner | Application or Registration No. |
Country | Inventor | Issue or Filing Date |
||||
EXHIBIT C
FORM OF
PLEDGOR ACCESSION
PLEDGOR ACCESSION
THIS PLEDGOR ACCESSION (this “Accession”), dated as of , , is
executed and delivered by [NAME OF NEW PLEDGOR], a corporation (the “New
Pledgor”), in favor of Xxxxx Fargo Bank, National Association, in its capacity as
Administrative Agent under the Credit Agreement referred to hereinbelow (in such capacity, the
“Administrative Agent”), pursuant to the Security Agreement referred to hereinbelow.
Reference is made to the Credit Agreement, dated as of March 30, 2011, among Xxxxxxx Hygiene
Inc. (the “Borrower”), the Lenders party thereto, and the Administrative Agent (as amended,
modified, restated or supplemented from time to time, the “Credit Agreement”). In
connection with and as a condition to the initial and continued extensions of credit under the
Credit Agreement, (i) certain subsidiaries of the Borrower, pursuant to a Guaranty Agreement, dated
as of March 30, 2011 (as amended, modified, restated or supplemented from time to time, the
“Guaranty Agreement”), have guaranteed the payment in full of the obligations of the
Borrower under the Credit Agreement and the other Credit Documents (as defined in the Credit
Agreement), and (ii) the Borrower and certain of its subsidiaries, pursuant to a Pledge and
Security Agreement, dated as of March 30, 2011 (as amended, modified, restated or supplemented from
time to time, the “Security Agreement”), have granted in favor of the Administrative Agent
a security interest in and Lien upon the Collateral described therein as security for their
obligations under the Credit Agreement, the Guaranty Agreement and the other Credit Documents.
Capitalized terms used herein without definition shall have the meanings given to them in the
Security Agreement.
The Borrower has agreed under the Credit Agreement to cause each of its future direct and
indirect subsidiaries to become a party to the Guaranty Agreement as a guarantor thereunder and to
the Security Agreement as a Pledgor thereunder. The New Pledgor is a direct or indirect subsidiary
of the Borrower and, as required by the Credit Agreement, has become a guarantor under the Guaranty
Agreement as of the date hereof. The New Pledgor will obtain benefits as a result of the continued
extension of credit to the Borrower under the Credit Agreement, which benefits are hereby
acknowledged, and, accordingly, desire to execute and deliver this Accession. Therefore, in
consideration of the foregoing and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and to induce the Lenders to continue to extend
credit to the Borrower under the Credit Agreement, the New Pledgor hereby agrees as follows:
1. The New Pledgor hereby joins in and agrees to be bound by each and all of the provisions of
the Security Agreement as a Pledgor thereunder. In furtherance (and without limitation) of the
foregoing, pursuant to Section 2.1 of the Security Agreement, and as security for all of the
Secured Obligations, the New Pledgor hereby pledges, assigns and delivers to the Administrative
Agent, for the ratable benefit of the Secured Parties, and grants to the Administrative Agent, for
the ratable benefit of the Secured Parties, a Lien upon and security interest in, all of its right,
title and interest in and to the Collateral as set forth in Section 2.1 of
the Security Agreement, all on the terms and subject to the conditions set forth in the
Security Agreement.
2. The New Pledgor hereby represents and warrants that (i) Schedule 1 hereto sets
forth all information required to be listed on Annexes X, X, X, X, X, X, X, X and I to the Security
Agreement in order to make each representation and warranty contained in Sections 3.1 and 3.2 of
the Security Agreement true and correct with respect to the New Pledgor as of the date hereof and
after giving effect to this Accession and (ii) after giving effect to this Accession and to the
incorporation into such Annexes, as applicable, of the information set forth in Schedule 1, each
representation and warranty contained in Article III of the Security Agreement is true and correct
with respect to the New Pledgor as of the date hereof, as if such representations and warranties
were set forth at length herein.
3. This Accession shall be a Credit Document (within the meaning of such term under the Credit
Agreement), shall be binding upon and enforceable against the New Pledgor and its successors and
assigns, and shall inure to the benefit of and be enforceable by each Secured Party and its
successors and assigns. This Accession and its attachments are hereby incorporated into the
Security Agreement and made a part thereof.
2
IN WITNESS WHEREOF, the New Pledgor has caused this Accession to be executed under seal by its
duly authorized officer as of the date first above written.
[NAME OF NEW PLEDGOR] | ||||||
By: | ||||||
Title: | ||||||
3
Schedule 1
Information to be added to Annex A of the Security Agreement:
FILING LOCATIONS
Name of Pledgor | Filing Location | |
Secretary of State of |
Information to be added to Annex B of the Security Agreement:
JURISDICTION OF ORGANIZATION, CERTAIN LOCATIONS
[Name of Pledgor:]
Jurisdiction of Incorporation/Organization:
|
||||
Federal Tax ID no.:
|
||||
Organizational ID no.:
|
[N/A] | |||
Chief Executive Office Address:
|
||||
Records Related to Collateral:
|
||||
Locations of Equipment or Inventory:
|
||||
Other places of business:
|
||||
Trade/fictitious or prior corporate names (last five years):
|
||||
Names used in tax filings (last five years):
|
4
Information to be added to [Annexes C/D/E/F/G/H/I] of the Security Agreement:
[Complete as applicable]
5
EXHIBIT D
PLEDGE AMENDMENT
THIS PLEDGE AMENDMENT, dated as of , , is delivered by [NAME OF PLEDGOR]
(the “Pledgor”) pursuant to Section 5.1 of the Security Agreement referred to hereinbelow.
The Pledgor hereby agrees that this Pledge Amendment may be attached to the Pledge and Security
Agreement, dated as of March 30, 2011, made by the Pledgor and certain other pledgors named therein
in favor of Xxxxx Fargo Bank, National Association, as Administrative Agent (as amended, modified,
restated or supplemented from time to time, the “Security Agreement,” capitalized terms
defined therein being used herein as therein defined), and that the Pledged Interests listed on
Schedule 1 to this Pledge Amendment shall be deemed to be part of the Pledged Interests
within the meaning of the Security Agreement and shall become part of the Collateral and shall
secure all of the Secured Obligations as provided in the Security Agreement. This Pledge Amendment
and its attachments are hereby incorporated into the Security Agreement and made a part thereof.
[NAME OF PLEDGOR] | ||||||
By: | ||||||
Title: | ||||||
Schedule 1
PLEDGED INTERESTS
Name of Issuer | Type of Interests |
Certificate Number |
No. of shares (if applicable) |
Percentage of Outstanding Interests in Issuer |
||||