ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
Exhibit 10.13
EXECUTION VERSION
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
THIS ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS (this “Agreement”), dated as of April 12, 2012, is made by each of the signatories hereto (each, a “Grantor”) in favor of GENERAL ELECTRIC CAPITAL CORPORATION (“GE Capital”), as administrative agent and collateral agent for the banks and other financial institutions (the “Lenders”) that are parties to the ABL Credit Agreement (in such capacities, respectively, the “Administrative Agent” and the “U.S. ABL Collateral Agent”), dated as of April 12, 2012 (as amended, amended and restated, waived, supplemented or otherwise modified from time to time, together with any agreement extending the maturity of, or restructuring, refunding, refinancing or increasing the Indebtedness under such agreement or successor agreements, the “ABL Credit Agreement”), among HD SUPPLY, INC., a Delaware corporation (the “Parent Borrower”), GE Capital, as administrative agent and collateral agent, and the other parties thereto.
WHEREAS, pursuant to the ABL Credit Agreement, the Lenders have severally agreed to make extensions of credit to the Borrowers upon the terms and subject to the conditions set forth therein;
WHEREAS, in connection with the ABL Credit Agreement, the Parent Borrower, and certain Subsidiaries of the Parent Borrower, as Subsidiary Borrowers and certain other Domestic Subsidiaries of the Parent Borrower, as Subsidiary Guarantors executed and delivered a U.S. Guarantee and Collateral Agreement, dated as of April 12, 2012, in favor of GE Capital, as U.S. ABL Collateral Agent and Administrative Agent (as the same may be amended, restated, supplemented, waived or otherwise modified from time to time, the “U.S. Guarantee and Collateral Agreement”);
WHEREAS, pursuant to the U.S. Guarantee and Collateral Agreement, each Grantor granted to the U.S. ABL Collateral Agent a security interest in its Intellectual Property, including Trademarks; and
WHEREAS, each Grantor has duly authorized the execution, delivery and performance of this Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, and in order to induce the Lenders to make extensions of credit to the Borrowers on the terms and subject to the conditions of the ABL Credit Agreement, each Grantor agrees, for the benefit of the U.S. ABL Collateral Agent, as follows:
SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided or provided by reference in the ABL Credit Agreement and the U.S. Guarantee and Collateral Agreement.
SECTION 2. Confirmation of Security Interest. Each Grantor hereby confirms that pursuant to the U.S. Guarantee and Collateral Agreement, subject to existing licenses to use the Trademarks granted by such Grantor in the ordinary course of its business, it granted to the U.S. ABL Collateral Agent, for the benefit of the Secured Parties, a security interest in all of the Trademarks of such Grantor (including, without limitation, those items listed on Schedule A hereto under such Grantor’s name) and to the extent not otherwise included, all Proceeds and products of any and all of the Trademarks, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of such Grantor, except that no security interest is or will be granted pursuant thereto in any right, title or interest of such Grantor under or in any Trademark Licenses with Persons other than the Parent Borrower, a Restricted Subsidiary or an Affiliate thereof for so long as, and to the extent that, the granting of such a security interest pursuant thereto would result in a breach, default or termination of such Trademark Licenses.
SECTION 3. Purpose. This Agreement has been executed and delivered by the Grantors for the purpose of recording the security interest granted pursuant to the U.S. Guarantee and Collateral Agreement with the United States Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions of the U.S. Guarantee and Collateral Agreement. The U.S. Guarantee and Collateral Agreement (and all rights and remedies of the Lenders thereunder) shall remain in full force and effect in accordance with its terms.
SECTION 4. Acknowledgment. Each Grantor does hereby further acknowledge and affirm that the rights and remedies of the Lenders with respect to the security interest in the Trademarks are fully set forth in the ABL Credit Agreement and the U.S. Guarantee and Collateral Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein.
SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together constitute one and the same original.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the day and year first above written.
CREATIVE TOUCH INTERIORS, INC. | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HDS IP HOLDING, LLC | ||||
By: | /s/ Xxxxxxx Xxxxx | |||
Name: | Xxxxxxx Xxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HD SUPPLY SUPPORT SERVICES, INC. | ||||
By: | /s/ Xxxxxxxxx Xxxxxx | |||
Name: | Xxxxxxxxx Xxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HD SUPPLY REPAIR & REMODEL, LLC | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HD SUPPLY FACILITIES MAINTENANCE, LTD. | ||||
By: HD Supply GP & Management, Inc., its general partner | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HSI IP, INC. | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
WHITE CAP CONSTRUCTION SUPPLY, INC. | ||||
By: HD Supply Support Services, Inc., its managing member | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
XXXXXXXX BROS. LUMBER COMPANY, LLC | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
PROVALUE, LLC | ||||
By: HD Supply Support Services, Inc., its managing member | ||||
By: | /s/ Xxxxxxxxx Xxxxxx | |||
Name: | Xxxxxxxxx Xxxxxx | |||
Title: | Vice President |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
GENERAL ELECTRIC CAPITAL CORPORATION | ||||
By: | /s/ Xxxxxx X. Xxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxx | |||
Title: | Duly Authorized Signatory |
ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
GE CANADA FINANCE HOLDING COMPANY | ||||
By: | /s/ XXXXX XXXXXXX | |||
Name: | XXXXX XXXXXXX | |||
Title: | DULY AUTHORIZED SIGNATORY |
SIGNATURE PAGE – ABL NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
Schedule A
Trademarks
HD Supply Repair & Remodel, LLC
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
CW CONTRACTORS’ WAREHOUSE and Design |
Registered | RN: 1,753,027 | 2/16/1993 |
Creative Touch Interiors, Inc.
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
CTE CREATIVE TOUCH EXTERIORS and Design |
Registered | RN: 2,991,212 | 9/6/2005 | |||
CTI CREATIVE TOUCH INTERIORS and Design |
Registered | RN: 2,988,553 | 8/30/2005 | |||
CTM CREATIVE TOUCH MAINTENANCE |
Registered | RN: 2,988,552 | 8/30/2005 |
HD Supply Facilities Maintenance, Ltd.
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
MAINTENANCE WAREHOUSE |
Registered | RN: 3,563,112 | 1/20/2009 |
HDS IP Holding, LLC
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
ALWAYS ON THE JOB |
Registered | RN: 4,079,895 | 1/3/2012 |
A-1
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
AQUAGUARD |
Registered | RN: 0,720,199 | 8/22/1961 | |||
AQUATRAC |
Registered | RN: 2,945,650 | 5/3/2005 | |||
BEST BUSINESS ELECTRONIC SOLUTION TECHNOLOGIES (stylized) |
Registered | RN: 3,611,013 | 4/28/2009 | |||
BRIGADE (Multistar stylization) |
Registered | RN: 3,845,600 | 9/7/2010 | |||
BRIGADE (Multistar stylization) |
Registered | RN: 3,928,403 | 3/8/2011 | |||
BRIGADE (star stylization) |
Registered | RN: 3,865,925 | 10/19/2010 | |||
CLEARCAN |
Registered | RN: 2,887,975 | 9/21/2004 | |||
COREPRO |
Registered | RN: 2,426,425 | 2/6/2001 | |||
COTTON BAY |
Registered | RN: 3,627,904 | 5/26/2009 | |||
COTTON BAY |
Registered | RN: 3,679,770 | 9/8/2009 | |||
CROWN BOLT |
Registered | RN: 1,644,947 | 5/21/1991 | |||
HD SUPPLY |
Registered | RN: 3,559,162 | 1/6/2009 | |||
HD SUPPLY FIRE PROTECTION (stylized) |
Registered | RN: 3,671,809 | 8/25/2009 | |||
HD SUPPLY (logo) |
Registered | RN: 3,454,324 | 6/24/2008 | |||
HD SUPPLY (logo) |
Registered | RN: 3,550,632 | 12/23/2008 | |||
HD SUPPLY WATERWORKS (stylized) |
Registered | RN: 3,468,515 | 7/15/2008 | |||
HOME IMPROVEMENT PRODUCTS DIRECT (stylized) |
Registered | RN: 3,478,426 | 7/29/2008 | |||
HOUSE-MATES HARDWARE |
Registered | RN: 2,286,367 | 10/12/1999 | |||
I (stylized) |
Registered | RN: 3,679,438 | 9/8/2009 | |||
IDEALLYGREEN |
Registered | RN: 3,523,340 | 10/28/2008 | |||
Design only |
Registered | RN: 2,621,865 | 9/17/2002 | |||
Design only |
Registered | RN: 2,779,848 | 11/4/2003 | |||
LOCAL SERVICE NATIONWIDE |
Registered | RN: 3,665,886 | 8/11/2009 | |||
PERFECT SEAL |
Registered | RN: 4,001,186 | 7/26/2011 | |||
POWERSCOPE |
Registered | RN: 3,461,922 | 7/8/2008 | |||
SEASONS (stylized) |
Registered | RN: 3,835,518 | 8/17/2010 | |||
SEASONS GOLD (stylized) |
Registered | RN: 3,850,430 | 9/21/2010 | |||
SHIELD SECURITY |
Registered | RN: 2,949,257 | 5/10/2005 | |||
TOTAL CHOICE ADVANTAGE PROGRAM |
Registered | RN: 3,911,575 | 1/25/2011 | |||
VISTRA |
Registered | RN: 3,895,271 | 12/21/2010 | |||
WE GOT IT YOU GET IT AND YOU’RE GONE |
Registered | RN: 3,632,249 | 6/2/2009 |
A-2
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
USA BLUEBOOK and Design |
Registered | RN: 2,266,004 | 8/3/1999 | |||
USABLUEBOOK |
Registered | RN: 2,236,393 | 4/6/1999 | |||
USABLUEBUCKS |
Registered | RN: 3,224,814 | 4/3/2007 | |||
UTILITY SUPPLY OF AMERICA |
Registered | RN: 2,252,348 | 6/15/1999 |
HSI IP, Inc.
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
ASPEN |
Registered | RN: 2,455,675 | 5/29/2001 | |||
BAJA |
Registered | RN: 2,243,286 | 5/4/1999 | |||
BRIGHTON |
Registered | RN: 3,086,948 | 5/2/2006 | |||
CHAMPION |
Registered | RN: 2,995,438 | 9/13/2005 | |||
CHAMPION METALS |
Registered | RN: 2,948,182 | 5/10/2005 | |||
CHAMPION PLUS |
Registered | RN: 2,944,121 | 4/26/2005 | |||
CHAMPION VINYL |
Registered | RN: 2,944,120 | 4/26/2005 | |||
CHAMPION WINDOW COVERINGS (stylized) |
Registered | RN: 3,535,469 | 11/18/2008 | |||
DUROGUARD |
Pending | SN: 77/841,144 | 10/5/2009 | |||
ELASCO |
Registered | RN: 1,818,239 | 1/25/1994 | |||
ELASCO (stylized) |
Registered | RN: 1,843,279 | 7/5/1994 | |||
EWARDS |
Registered | RN: 2,983,752 | 8/9/2005 | |||
H (and design w/shield) |
Registered | RN: 1,078,126 | 11/22/1977 | |||
XXXXXX |
Registered | RN: 2,288,983 | 10/26/1999 | |||
XXXXXX EWARDS |
Registered | RN: 3,004,848 | 10/4/2005 | |||
XXXXXX XXXXX |
Registered | RN: 2,991,505 | 9/6/2005 | |||
MINALOY |
Registered | RN: 1,033,014 | 2/10/1976 | |||
MINE TUFF |
Registered | RN: 1,381,417 | 2/4/1986 | |||
PROFESSIONAL QUALITY. EXCEPTIONAL VALUE. |
Registered | RN: 3,288,848 | 9/4/2007 | |||
PROVALUE |
Registered | RN: 2,863,412 | 7/13/2004 | |||
RIO |
Registered | RN: 1,929,737 | 10/24/1995 | |||
SOLUTIONS. SUPPLY. SERVICE. |
Registered | RN: 3,054,307 | 1/31/2006 |
A-3
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
SOME YOU SEE SOME YOU DON’T |
Registered | RN: 2,597,962 | 7/23/2002 | |||
TERMINATOR |
Registered | RN: 2,729,726 | 6/24/2003 | |||
THE PRODUCTS YOU WANT! THE SERVICE YOU DESERVE! |
Registered | RN: 2,514,480 | 12/4/2001 | |||
THE SOURCE |
Registered | RN: 2,360,623 | 6/20/2000 |
HD Supply Support Services, Inc.
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
HD SUPPLY SUPPORT SERVICES, INC. |
Registered | RN: 3,835,928 | 8/17/2010 |
ProValue, LLC
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
PROVALUE |
Registered | RN: 3,545,345 | 12/9/2008 |
White Cap Construction Supply, Inc.
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
BLACK MARLIN |
Registered | RN: 3,299,068 | 9/25/2007 | |||
CONTRACTOR TRADER |
Registered | RN: 2,997,227 | 9/20/2005 | |||
PANEL-PRO |
Registered | RN: 2,966,934 | 7/12/2005 | |||
PANEL-PRO TILT-UP ESTIMATING SOFTWARE |
Registered | RN: 2,901,054 | 11/9/2004 | |||
PANEL-TRAK |
Registered | RN: 2,987,418 | 8/23/2005 | |||
WC and Design |
Registered | RN: 2,385,183 | 9/12/2000 | |||
WC PHENOLOIC PLY (stylized) |
Registered | RN: 3,416,045 | 4/22/2008 | |||
WCFP WHITE CAP FORMING PANEL (stylized) |
Registered | RN: 3,416,044 | 4/22/2008 |
A-4
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
WHITE CAP |
Registered | RN: 3,048,812 | 1/24/2006 | |||
WHITE CAP (Stylized) |
Registered | RN: 3,026,834 | 12/13/2005 | |||
WHITE CAP (stylized) |
Registered | RN: 1,478,065 | 2/23/1988 | |||
WHITE CAP CONSTRUCTION SUPPLY |
Registered | RN: 2,927,946 | 2/22/2005 | |||
WHITE CAP CUSTOM SHOP 1976-2006 (stylized) |
Registered | RN: 3,396,239 | 3/11/2008 | |||
WHITE CAP CUSTOM SHOP COAST TO COAST 19676-2006 (stylized) |
Registered | RN: 3,396,238 | 3/11/2008 |
Xxxxxxxx Bros. Lumber Company, LLC
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
THE NAME PROFESSIONALS BUILD ON |
Registered | RN: 3,070,996 | 3/21/2006 | |||
WB |
Registered | RN: 1,297,296 | 9/25/1984 | |||
WB |
Registered | RN: 1,241,620 | 6/7/1983 | |||
WB |
Registered | RN: 1,237,828 | 5/10/1983 | |||
WB |
Registered | RN: 1,297,295 | 9/25/1984 | |||
WB |
Registered | RN: 3,185,687 | 12/16/2006 |
A-5