FIRST LIEN SECURED NOTE NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
Exhibit 10.15
EXECUTION VERSION
FIRST XXXX SECURED NOTE NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
THIS FIRST LIEN SECURED NOTE 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 WILMINGTON TRUST, NATIONAL ASSOCIATION (“Wilmington Trust”), as note collateral agent (in such capacity, the “First Priority Note Collateral Agent”) with respect to the 8 1/8% Senior Secured First Priority Notes due 2019 (the “First Priority Notes”) issued by HD SUPPLY, Inc., a Delaware corporation (the “Issuer”) pursuant to the Indenture, dated as of the date hereof (as amended pursuant to the First Supplemental Indenture, dated as of the date hereof, and as further amended, amended and restated, waived, supplemented or otherwise modified from time to time, the “First Priority Notes Indenture”), among the Issuer, the Subsidiary Guarantors from time to time parties thereto, and Wilmington Trust.
WHEREAS, pursuant to the Collateral Agreement, dated as of the date hereof (as amended, amended and restated, waived, supplemented or otherwise modified from time to time, the “First Priority Note Collateral Agreement”), among the Issuer, certain Subsidiaries of the Issuer and the First Priority Note Collateral Agent, each Grantor granted to the First Priority Note 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, subject to the conditions of the First Priority Notes Indenture, each Grantor agrees, for the benefit of the First Priority Note Collateral Agent, as follows:
SECTION 1. Definitions. Unless otherwise defined herein or the context other-wise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided or provided by reference in the First Priority Notes Indenture and the First Priority Note Collateral Agreement.
SECTION 2. Confirmation of Security Interest. Each Grantor hereby confirms that pursuant to the First Priority Note 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 First Priority Note 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 or any other Note Security Document in any right, title or interest of such Grantor under or in any Trademark Licenses with Persons other than the Issuer, 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 First Priority Note Collateral Agreement with the United States Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions of the First Priority Note Collateral Agreement. The First Priority Note Collateral Agreement (and all rights and remedies of the First Priority Note Collateral Agent 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 First Priority Note Collateral Agent with respect to the security interest in the Trademarks are fully set forth in the First Priority Notes Indenture and the First Priority Note 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 |
FIRST XXXX SECURED NOTE 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 |
FIRST XXXX SECURED NOTE 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 |
FIRST XXXX SECURED NOTE NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HSI IP, INC. | ||||
By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
FIRST XXXX SECURED NOTE 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 |
FIRST XXXX SECURED NOTE 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 |
FIRST XXXX SECURED NOTE 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 |
FIRST XXXX SECURED NOTE 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 |
FIRST XXXX SECURED NOTE NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
HDS IP HOLDING, LLC | ||||
By: | /s/ Xxxxxxx Xxxxx | |||
Name: | Xxxxxxx Xxxxx | |||
Title: | Vice President |
FIRST XXXX SECURED NOTE NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS
WILMINGTON TRUST, NATIONAL ASSOCIATION, as First Priority Note Collateral Agent | ||||
By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | Vice President |
FIRST XXXX SECURED NOTE 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 |
A-1
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 | |||
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 |
A-2
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
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 | |||
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 |
A-3
TRADEMARK |
Status | Ser. No./Reg. No. | App. Date/ Reg. Date | |||
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 | |||
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 | 9/4/2001 | |||
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 |
A-4
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 | |||
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 CONSTUCTION 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