SECURITY AGREEMENT
Exhibit 4.4
Anything herein to the contrary notwithstanding, the liens and security interests granted pursuant to this agreement, the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of December 17, 2009, (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and among Xxxxx Fargo Foothill, LLC, as Senior ABL Agent, Xxxxx Fargo Foothill, LLC, as Senior Term Loan Agent, and Deutsche Bank Trust Company Americas, as Junior Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this security agreement, the terms of the Intercreditor Agreement shall govern and control.
This SECURITY AGREEMENT (this “Agreement”), dated as of December 17, 2009, among Grantors listed on the signature pages hereof and those additional entities that hereafter become parties hereto by executing the form of Supplement attached hereto as Annex 1 (collectively, jointly and severally, “Grantors” and each, individually, a “Grantor”), and Deutsche Bank Trust Company Americas, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, “Agent”).
W I T N E S S E T H:
WHEREAS, Xxxxxxx Bros. Clover Leaf Seafoods Company, Bumble Bee Foods, LLC and Bumble Bee Capital Corp. (collectively, the “Issuers”) are issuing $220,000,000 aggregate principal amount of 7.75% Senior Secured Notes due 2015 (together with any Additional Notes and Exchange Notes, the “Notes”) pursuant to the indenture (the “Indenture”) dated as of December 17, 2009 among the Issuers, the Guarantors and Deutsche Bank Trust Company Americas, as trustee (together with its successors in such capacity, the “Trustee”) on behalf of the holders of the Notes (the “Noteholders”).
WHEREAS, from time to time after the date hereof, the Issuers may, subject to the terms and conditions of the Indenture and the Security Documents, incur Permitted Additional Pari Passu Obligations (including Additional Notes issued under the Indenture), which are pari passu in right of payment to the Notes and secured equally and ratably with the Notes.
WHEREAS, each Grantor has, pursuant to the Indenture, among other things, unconditionally guaranteed the obligations of the Issuers under the Indenture and the Notes and may do so under the terms of Permitted Additional Pari Passu Obligations permitted to be incurred under the Indenture.
WHEREAS, this Agreement is given by each Grantor in favor of the Agent for the benefit of the Secured Parties to secure the payment and performance of all of the Secured Obligations.
WHEREAS, it is a condition to the issuance of the Notes that each Grantor execute and deliver the applicable Security Documents required to be delivered on or prior to the Issue Date, including this Agreement.
NOW, THEREFORE, for and in consideration of the recitals made above and other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
1. Defined Terms. All capitalized terms used herein (including in the preamble and recitals hereof) without definition shall have the meanings ascribed thereto in the Indenture. Any terms used in this Agreement that are defined in the Code shall be construed and defined as set forth in the Code unless otherwise defined herein or in the Indenture; provided, however, that to the extent that the Code is used to
define any term herein and if such term is defined differently in different Articles of the Code, the definition of such term contained in Article 9 of the Code shall govern. In addition to those terms defined elsewhere in this Agreement, as used in this Agreement, the following terms shall have the following meanings:
(a) “Account” means an account (as that term is defined in Article 9 of the Code).
(b) “Account Debtor” means an account debtor (as that term is defined in the Code).
(c) “Activation Instruction” has the meaning specified therefor in Section 6(l).
(d) “Additional Pari Passu Agent” shall mean any duly authorized representative of any holder of Permitted Additional Pari Passu Obligations under any Additional Pari Passu Debt Documents designated as “Additional Pari Passu Agent” for such holder in an Additional Pari Passu Joinder Agreement delivered to the Agent.
(e) “Additional Pari Passu Agreement” shall mean the indenture, credit agreement or other agreement under which any Permitted Additional Pari Passu Obligations (other than Additional Notes) are incurred and any notes or other instruments representing such Permitted Additional Pari Passu Obligations.
(f) “Additional Pari Passu Debt Documents” shall mean any document or instrument executed and delivered with respect to any Permitted Additional Pari Passu Obligations.
(g) “Additional Pari Passu Joinder Agreement” shall mean an agreement substantially in the form of Exhibit E.
(h) “Agent” has the meaning specified therefor in the preamble to this Agreement.
(i) “Agent’s Lien” means the liens granted by the Grantors to the Agent under the Security Documents.
(j) “Books” means books and records (including each Grantor’s Records indicating, summarizing, or evidencing such Grantor’s assets (including the Collateral) or liabilities, each Grantor’s Records relating to such Grantor’s business operations or financial condition, and each Grantor’s goods or General Intangibles related to such information).
(k) “Cage Tags” means the cage identification tags issued annually to ocean quahog allocation owners by the National Marine Fisheries Service or its agent.
(l) “Cash Equivalents” has the meaning specified therefor in the Indenture.
(m) “Chattel Paper” means chattel paper (as that term is defined in the Code) and includes tangible chattel paper and electronic chattel paper.
(n) “Clam Quotas” means the ocean quahog allocations issued by the U.S. Department of Commerce, National Oceanic Atmospheric Administration, whether permanent or temporary, and related Cage Tags, and any substitutions or replacements of the foregoing.
(o) “Code” means the New York Uniform Commercial Code, as in effect from time to time; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of
2
the attachment, perfection, priority, or remedies with respect to Agent’s Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority, or remedies.
(p) “Collateral” has the meaning specified therefor in Section 2.
(q) “Collections” means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, cash proceeds of asset sales, rental proceeds, and tax refunds).
(r) “Commercial Tort Claims” means commercial tort claims (as that term is defined in the Code), and includes those commercial tort claims listed on Schedule 1 attached hereto.
(s) “Controlled Account” shall mean an Account identified in Section 4.24 of the Indenture to be subject to a Controlled Account Agreement establishing the Agent’s Control with respect to such Account.
(t) “Controlled Account Agreements” means those certain cash management agreements each of which is with a Grantor or one of its Subsidiaries, Agent, and one of the Controlled Account Banks.
(u) “Controlled Account Bank” has the meaning specified therefor in Section 6(l).
(v) “Copyrights” means any and all copyrights and copyright registrations, including, (i) the copyright registrations and recordings thereof and all applications in connection therewith listed on Schedule 2 attached hereto and made a part hereof, (ii) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and damages and payments for past or future infringements thereof, (iii) the right to xxx for past, present and future infringements thereof, and (iv) all of each Grantor’s rights corresponding thereto throughout the world.
(w) “Copyright Security Agreement” means each Copyright Security Agreement among Grantors, or any of them, and Agent, for the benefit of the Secured Parties, in substantially the form of Exhibit A attached hereto, pursuant to which Grantors have granted to Agent, for the benefit of the Secured Parties, a security interest in all their respective Copyrights.
(x) “Deposit Account” means a deposit account (as that term is defined in the Code).
(y) “Environmental Action” means any written complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other written communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials from (a) any Mortgaged Property, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials generated by any Loan Party or any Subsidiary of a Loan Party on any Mortgaged Property.
(z) “Environmental Law” means any applicable federal, state, provincial, foreign or local statute, law, rule, regulation, ordinance, code, permit, binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, in each case, to the extent binding on any Loan Party or any of its Subsidiaries with respect to the Mortgaged Property, relating to the environment, the effect of the environment on employee health, or Hazardous Materials, in each case as amended from time to time.
3
(aa) “Environmental Liabilities” means all liabilities, monetary obligations, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action.
(bb) “Equipment” means equipment (as that term is defined in the Code).
(cc) “Event of Default” has the meaning specified therefor in the Indenture or any Additional Pari Passu Agreement.
(dd) “First Lien Termination Date” means the date of the Discharge of the Senior Obligations (as defined in the Intercreditor Agreement) other than in connection with a Refinancing (as defined in the Intercreditor Agreement) of the Senior Lien Obligations.
(ee) “General Intangibles” means general intangibles (as that term is defined in the Code) and includes payment intangibles, contract rights, rights to payment, rights arising under common law, statutes, or regulations, choses or things in action, goodwill (including the goodwill associated with any Trademark), Patents, Trademarks, Copyrights, URLs and domain names, industrial designs, other industrial or Intellectual Property or rights therein or applications therefor, whether under license or otherwise, programs, programming materials, blueprints, drawings, purchase orders, customer lists, monies due or recoverable from pension funds, route lists, rights to payment and other rights under any royalty or licensing agreements, including Intellectual Property Licenses, infringement claims, computer programs, information contained on computer disks or tapes, software, literature, reports, catalogs, pension plan refunds, pension plan refund claims, insurance premium rebates, tax refunds, and tax refund claims, interests in a partnership or limited liability company which do not constitute a security under Article 8 of the Code, and any other personal property other than Commercial Tort Claims, money, Accounts, Chattel Paper, Deposit Accounts, goods, Investment Related Property, Negotiable Collateral, and oil, gas, or other minerals before extraction.
(ff) “Grantor” and “Grantors” have the respective meanings specified therefor in the recitals to this Agreement.
(gg) “Guarantee” has the meaning specified therefor in the Indenture.
(hh) “Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or any radioactive materials, (d) asbestos in any form or electrical or hydraulic equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million, (e) any pathogen, toxin, or other biological agent or condition, including but not limited to any fungus, mold, mycotoxin or microbial compound, whether dead or alive, and (f) any other substance, the storage, manufacture, disposal, treatment, generation, use, transportation, remediation, release into or concentration in the environment of which is prohibited, controlled, regulated or licensed by any governmental authority under any Environmental Law.
4
(ii) “Insolvency Proceeding” has the meaning specified therefor in the Indenture.
(jj) “Intellectual Property” means any and all Intellectual Property Licenses, Patents, Copyrights, Trademarks, the goodwill associated with such Trademarks, trade secrets and customer lists.
(kk) “Intellectual Property Licenses” means rights under or interests in any Patent, Trademark, Copyright or other Intellectual Property, including software license agreements with any other party, whether the applicable Grantor is a licensee or licensor under any such license agreement (but excluding any off-the-shelf software license agreement), including the license agreements listed on Schedule 3 attached hereto and made a part hereof, and the right to use the foregoing in connection with the enforcement of the Secured Parties’s rights under the Security Documents, including the right to prepare for sale and sell any and all Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses.
(ll) “Inventory” means inventory (as that term is defined in the Code).
(mm) “Investment Related Property” means (i) any and all investment property (as that term is defined in the Code), and (ii) any and all of the following (regardless of whether classified as investment property under the Code): all Pledged Interests, Pledged Operating Agreements, and Pledged Partnership Agreements.
(nn) “Issuers” has the meaning specified therefor in the preamble to this Agreement.
(oo) “Negotiable Collateral” means letters of credit, letter-of-credit rights, instruments, promissory notes, drafts and documents (as that term is defined in the Code).
(pp) “Obligations” has the meaning specified therefor in the Indenture.
(qq) “Patents” means patents and patent applications, including, (i) the patents and patent applications listed on Schedule 4 attached hereto and made a part hereof, (ii) all reissues, reexaminations, divisionals, continuations, continuations-in-part, substitutions, extensions, or renewals thereof and improvements thereon, (iii) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and damages and payments for past or future infringements thereof, (iv) the right to xxx for past, present and future infringements thereof, and (v) all of each Grantor’s rights corresponding thereto throughout the world.
(rr) “Patent Security Agreement” means each Patent Security Agreement among Grantors, or any of them, and Agent, for the benefit of the Secured Parties, in substantially the form of Exhibit B attached hereto, pursuant to which Grantors have granted to Agent, for the benefit of the Secured Parties, a security interest in all their respective Patents.
(ss) “Permitted Collateral Liens” has the meaning specified therefor in the Indenture.
(tt) “Person” has the meaning specified therefor in the Indenture.
5
(uu) “Pledged Companies” means, each Person listed on Schedule 5 hereto as a “Pledged Company”, together with each other Person, all or a portion of whose Stock, is acquired or otherwise owned by a Grantor after the Closing Date.
(vv) “Pledged Interests” means all of each Grantor’s right, title and interest in and to all of the Stock now or hereafter owned by such Grantor, regardless of class or designation, including, in each of the Pledged Companies, and all substitutions therefor and replacements thereof, all proceeds thereof and all rights relating thereto, also including any certificates representing the Stock, the right to receive any certificates representing any of the Stock, all warrants, options, share appreciation rights and other rights, contractual or otherwise, in respect thereof and the right to receive all dividends, distributions of income, profits, surplus, or other compensation by way of income or liquidating distributions, in cash or in kind, and all cash, instruments, and other property from time to time received, receivable, or otherwise distributed in respect of or in addition to, in substitution of, on account of, or in exchange for any or all of the foregoing.
(ww) “Pledged Interests Addendum” means a Pledged Interests Addendum substantially in the form of Exhibit C to this Agreement.
(xx) “Pledged Operating Agreements” means all of each Grantor’s rights, powers, and remedies under the limited liability company operating agreements of each of the Pledged Companies that are limited liability companies.
(yy) “Pledged Partnership Agreements” means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.
(zz) “Proceeds” has the meaning specified therefor in Section 2.
(aaa) “Real Property” means any estates or interests in real property now owned in fee or hereafter acquired in fee by any Grantor or any Subsidiary of any Grantor and the improvements thereto, but, for the avoidance of doubt, excluding any leasehold or other similar interests under which the Grantor or any Subsidiary uses or occupies real property but excluding (i) the Augusta, Georgia facility and any related real estate and (ii) the Grand Xxxxx facility and any related real estate.
(bbb) “Records” means information that is inscribed on a tangible medium or which is stored in an electronic or other medium and is retrievable in perceivable form.
(ccc) “Remedial Action” means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any other actions with respect to Hazardous Materials authorized by Environmental Laws.
(ddd) “Request for Surf Claim-Ocean Quahog Transfer” means a request to the U.S. Department of Commerce, National Oceanic Atmospheric Administration or National Marine Fisheries Service to transfer Clam Quotas or Cage Tags, as applicable, between Persons.
(eee) “Rescission” has the meaning specified therefor in Section 6(l).
6
(fff) “Required Secured Debtholders” means, at any time, the holders of a majority in aggregate outstanding principal amount of all Notes and Permitted Additional Pari Passu Obligations then outstanding (including any unfunded letters of credit or credit commitments which, if funded, would constitute outstanding Permitted Additional Pari Passu Obligations), voting together as a single class; provided that, for this purpose, Notes and Permitted Additional Pari Passu Obligations registered in the name of, or beneficially owned by, the Issuers, any of the Guarantors (as defined in the Indenture) or any of their Subsidiaries shall be deemed not to be outstanding.
(ggg) “Secured Obligations” means, without duplication, each and all of the following: all of the present and future Obligations of Grantors arising from (A) this Agreement, (B) the Indenture, (C) the Notes, (D) the Security Documents (including any Guarantee of the Secured Obligations), (E) any Additional Pari Passu Agreement and (F) the documentation relating to any other Permitted Additional Pari Passu Obligations; provided that no obligations in respect of Permitted Additional Pari Passu Obligations (other than Additional Notes) shall constitute “Secured Obligations” unless the Additional Pari Passu Agent for the holders of such Permitted Additional Pari Passu Obligations has executed an Additional Pari Passu Joinder Agreement in the form of Exhibit E hereto, including, in each case, all Obligations of Issuers, including reasonable, documented, out-of-pocket attorneys fees and expenses and any interest, fees, or expenses that accrue after the filing of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any Insolvency Proceeding.
(hhh) “Secured Parties” shall mean Agent, the Trustee, the Noteholders and the holders of the Permitted Additional Pari Passu Obligations that constitute Secured Obligations.
(iii) “Securities Account” means a securities account (as that term is defined in the Code).
(jjj) “Security Documents” shall mean, collectively, (i) this Agreement; (ii) the Mortgages dated as of the date hereof or otherwise delivered in accordance with the provisions of the Indenture, (in each case, as amended restated, modified, supplemented, extended or replaced from time to time); the General Security Agreement, dated as of December 17, 2009, by and between K.C.R. Fisheries Ltd, a New Brunswick unlimited liability company, and the Agent, (iv) the General Security Agreement, dated as of December 17, 2009, by and between CBCLSC and the Agent, (v) the General Security Agreement, dated as of December 17, 2009, by and between Clover Leaf Holdings Company, a Nova Scotia unlimited liability company, and the Agent and (vi) the General Security Agreement, dated as of December 17, 2009, by and between 6162410 Canada Limited, a Canadian federal corporation, and the Agent and (vii) all other security agreements, mortgages, deeds of trust, deeds to secure debt, pledges, collateral assignments and other agreements or instruments evidencing or creating any security interest or Lien in favor of the Agent for the benefit of the Secured Parties on account of the Secured Obligations.
(kkk) “Security Interest” has the meaning specified therefor in Section 2.
(lll) “Senior Agents” shall have the meaning given to that term in the Intercreditor Agreement.
(mmm) “Senior Credit Agreements” shall have the meaning given to it in the Intercreditor Agreement.
(nnn) “Senior Lien Obligations” shall have the meaning given to that term in the Intercreditor Agreement.
7
(ooo) “Senior Security Agreements” shall mean each of the Security Agreements (as defined in each of the Senior Credit Agreements).
(ppp) “Stock” means all shares, options, warrants, interests, participations, or other equivalents (regardless of how designated) of or in a Person, whether voting or nonvoting, including common stock, preferred stock, or any other “equity security” (as such term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act).
(qqq) “Supporting Obligations” means supporting obligations (as such term is defined in the Code) and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Related Property.
(rrr) “Trademarks” means any and all trademarks, trade names, registered trademarks, trademark applications, service marks, registered service marks and service xxxx applications, including (i) the trade names, registered trademarks, trademark applications, registered service marks and service xxxx applications listed on Schedule 6 attached hereto and made a part hereof, (ii) all renewals thereof, (iii) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iv) the right to xxx for past, present and future infringements and dilutions thereof, (v) the goodwill of each Grantor’s business symbolized by the foregoing or connected therewith, and (vi) all of each Grantor’s rights corresponding thereto throughout the world.
(sss) “Trademark Security Agreement” means each Trademark Security Agreement among Grantors, or any of them, and Agent, for the benefit of the Secured Parties, in substantially the form of Exhibit D attached hereto, pursuant to which Grantors have granted to Agent, for the benefit of the Secured Parties, a security interest in all their respective Trademarks.
(ttt) “URL” means “uniform resource locator,” an internet web address.
2. Grant of Security. Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit of the Secured Parties, to secure the Secured Obligations, a continuing security interest hereinafter referred to as the “Security Interest” in all personal property of such Grantor whether now owned or hereafter acquired or arising and wherever located, including such Grantor’s right, title, and interest in and to the following, whether now owned or hereafter acquired or arising and wherever located (the “Collateral”):
(a) all of such Grantor’s Accounts;
(b) all of such Grantor’s Books;
(c) all of such Grantor’s Chattel Paper;
(d) all of such Grantor’s interest with respect to any Deposit Account;
(e) all of such Grantor’s Equipment and fixtures;
(f) all of such Grantor’s General Intangibles;
(g) all of such Grantor’s Inventory;
8
(h) all of such Grantor’s Investment Related Property;
(i) all of such Grantor’s Negotiable Collateral;
(j) all of such Grantor’s rights in respect of Supporting Obligations;
(k) all of such Grantor’s interest with respect to any Commercial Tort Claims;
(l) all of such Grantor’s money, Cash Equivalents, or other assets of each such Grantor that now or hereafter come into the possession, custody, or control of Agent or any other member of the Secured Parties;
(m) all of the proceeds (as that term is defined in the Code) and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance or Commercial Tort Claims covering or relating to any or all of the foregoing, and any and all Accounts, Books, Chattel Paper, Deposit Accounts, Equipment, General Intangibles, Inventory, Investment Related Property, Negotiable Collateral, Supporting Obligations, money, or other tangible or intangible property resulting from the sale, lease, license, exchange, collection, or other disposition of any of the foregoing, whatever is collected on, or distributed on account of any of the foregoing, any and all rights arising out of the foregoing, the proceeds of any award in condemnation with respect to any of the foregoing, any rebates or refunds, whether for taxes or otherwise, and all proceeds of any such proceeds, or any portion thereof or interest therein, and the proceeds thereof, claims arising out of the loss, non-conformity, or interference with the use of, defects, or infringement of rights in, or damage to, any of the foregoing, and all proceeds of any loss of, damage to, or destruction of the above, whether insured or not insured, and, to the extent not otherwise included, any indemnity, warranty, insurance, or guaranty payable by reason of loss or non-conformity of, defects or infringement of rights in, or damage to, or otherwise with respect to any of the foregoing (the “Proceeds”). Without limiting the generality of the foregoing, the term “Proceeds” includes whatever is receivable or received when Investment Related Property or proceeds are sold, exchanged, collected, or otherwise disposed of, whether such disposition is voluntary or involuntary, and includes proceeds of any indemnity or guaranty payable to any Grantor or Agent from time to time with respect to any of the Investment Related Property.
Notwithstanding anything contained in this Agreement to the contrary, the term “Collateral” shall not include (i) any rights or interest in any contract, lease, permit, license, charter or license agreement covering real or personal property of any Grantor if under the terms of such contract, lease, permit, license, charter or license agreement, or applicable law with respect thereto, the grant of a security interest or lien therein is prohibited as a matter of law or under the terms of such contract, lease, permit, license, charter or license agreement and such prohibition has not been waived or the consent of the other party to such contract, lease, permit, license, charter or license agreement has not been obtained, (ii) any intent-to-use trademark or service xxxx application for which a statement of use has not been filed and accepted with the United States Patent and Trademark Office if the grant of a Lien on or Security Interest in such intent-to-use trademark or service xxxx application would result in a cancellation or voiding of such intent-to-use trademark or service xxxx application (provided that such trademark or service xxxx application shall be included in the term “Collateral” immediately upon filing of a verified statement of use with respect thereto with the United States Patent and Trademark Office), (iii) any leasehold interest in Real Property, and (iv) any Deposit Account that is used exclusively for payroll, payroll taxes and other employee wage and benefit payments to or for the employees of the Grantors; provided, however, that the exclusions in clause (i) shall in no way be construed (A) to apply to the extent that any described prohibition is unenforceable under Section 9-406, 9-407, 9-408, or 9-409 of the Code or other applicable law, (B) to limit, impair, or otherwise adversely affect the Secured Parties’ continuing security interests in and liens upon any rights or interests of any Grantor in or to (x) monies due or to become due under any described
9
contract, lease, permit, license, charter or license agreement (including any Accounts), or (y) any proceeds from the sale, license, lease, or other dispositions of any such contract, lease, permit, license, charter, license agreement, or Stock, or (C) apply to the extent that any consent or waiver has been obtained that would permit the security interest of lien notwithstanding the prohibition).
To the extent necessary and for so long as is required for a Subsidiary not to be subject to any requirement pursuant to Rule 3-16 of Regulation S-X under the Securities Act to file separate financial statements with the Commission (or any other governmental agency), the Stock of any Subsidiary of the Parent shall not be included in the Collateral with respect to the Notes so affected and shall not be subject to the Liens securing such Notes or Permitted Additional Pari Passu Obligations.
Notwithstanding anything herein to the contrary, the lien and security interest granted to the Collateral Agent pursuant to this Agreement shall be a third priority lien on and security interest in Collateral and the exercise of any right or remedy by the Agent hereunder is subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control. Notwithstanding anything herein to the contrary, prior to the First Lien Termination Date, the requirements of this Agreement to deliver Collateral and any certificates, Instruments or Documents in relation thereto to the Agent shall be deemed satisfied by delivery of such Collateral and such certificates, Instruments or Documents in relation thereto to a Senior Agent (as bailee for the Agent).
3. Security for Obligations. The Security Interest created hereby secures the payment and performance of the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts which constitute part of the Secured Obligations and would be owed by Grantors, or any of them, to Agent, the Secured Parties, or any of them, but for the fact that they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor.
4. Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each of the Grantors shall remain liable under the contracts and agreements included in the Collateral, including the Pledged Operating Agreements and the Pledged Partnership Agreements, to perform all of the duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent or any other member of the Secured Parties of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under such contracts and agreements included in the Collateral, and (c) none of the members of the Secured Parties shall have any obligation or liability under such contracts and agreements included in the Collateral by reason of this Agreement, nor shall any of the members of the Secured Parties be obligated to perform any of the obligations or duties of any Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. Until an Event of Default shall occur and be continuing, except as otherwise provided in this Agreement, the Indenture, or other Security Documents, Grantors shall have the right to possession and enjoyment of the Collateral for the purpose of conducting the ordinary course of their respective businesses, including without limitation the right to receive all cash dividend, distributions or other payments paid in respect of any Investment Related Property issued by a Subsidiary of a Grantor and held by a Grantor, subject to and upon the terms hereof and of the Indenture and the other Security Documents. Without limiting the generality of the foregoing, it is the intention of the parties hereto that record and beneficial ownership of the Pledged Interests, including all voting, consensual, and dividend rights, shall remain in the applicable Grantor until the occurrence and during the continuance of an Event of Default and until Agent notifies the applicable Grantor of Agent’s exercise of voting, consensual, or dividend rights with respect to the Pledged Interests pursuant to Section 15 hereof.
10
5. Representations and Warranties. Each Grantor hereby represents and warrants as follows:
(a) The exact legal name of each of the Grantors is set forth on the signature pages of this Agreement or a written notice provided to Agent pursuant to Section 6(o).
(b) Schedule 7 attached hereto sets forth all Real Property owned by Grantors as of the Closing Date.
(c) As of the Closing Date, no Grantor has any interest in, or title to, any registered Copyrights or pending applications for registration of Copyrights, Intellectual Property Licenses (other than non-exclusive licenses granted by such Grantor under co-pack agreements in the ordinary course of business) material to the conduct of such Grantor’s business, registered Patents or pending applications for Patents, or registered Trademarks or applications for registration of Trademarks, except as set forth on Schedules 2, 3, 4, and 6, respectively, attached hereto. This Agreement is effective to create a valid and continuing Lien on all Copyrights, Intellectual Property Licenses, Patents and Trademarks (other than intent-to-use applications to which no verified statement of use has been filed) owned by each Grantor, to the extent a valid security interest therein can be created under the Code and by the filing of the Copyright Security Agreement with the United States Copyright Office and filing of the Patent Security Agreement and the Trademark Security Agreement with the United States Patent and Trademark Office. Upon filing of the Copyright Security Agreement with the United States Copyright Office and filing of the Patent Security Agreement and the Trademark Security Agreement with the United States Patent and Trademark Office, and the filing of appropriate financing statements in the jurisdictions listed on Schedule 8 hereto, all action necessary or desirable to protect and perfect the Security Interest in and to on each Grantor’s Patents, Trademarks, or Copyrights owned by each Grantor, to the extent perfection may be achieved in the United States by such filing, has been taken or will have been taken, and such perfected Security Interest is enforceable as such as against any and all creditors of and purchasers from any Grantor, except as otherwise provided in the Code and subject to bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or similar laws relating to or affecting the rights and remedies of creditors generally. No Grantor has any ownership interest in any Copyright that is necessary in connection with the operation of such Grantor’s business, except for those Copyrights identified on Schedule 2 attached hereto which have been registered with the United States Copyright Office.
(d) This Agreement creates a valid security interest in the Collateral of each of Grantors, to the extent a valid security interest therein can be created under the Code, securing the payment of the Secured Obligations. Except to the extent a security interest in the Collateral cannot be perfected by the filing of a financing statement under the Code, all filings and other actions necessary to perfect and protect such security interest have been duly taken or will have been taken upon the filing of financing statements listing each applicable Grantor, as a debtor, and Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule 8 attached hereto. Upon the making of such filings, Agent shall have a third priority (subject to Permitted Collateral Liens) perfected security interest in the Collateral of each Grantor to the extent such security interest can be perfected by the filing of a financing statement. All action by any Grantor necessary to protect and perfect such security interest on each item of Collateral has been duly taken.
(e) Except for the Security Interest created hereby, (i) each Grantor is and will at all times be the sole holder of record and the legal and beneficial owner, free and clear of all Liens other than Permitted Collateral Liens, of the Pledged Interests indicated on Schedule 5 as being owned by such Grantor and, when acquired by such Grantor, any Pledged Interests acquired after the Closing Date except to the extent that such Pledged Interests are sold or otherwise disposed of as permitted by the terms and conditions of the Indenture; (ii) all of the Pledged Interests that constitute the Stock owned by such Grantor
11
(other than Pledged Interests owned by such Grantor that are (x) limited liability companies or limited partnerships organized or formed under the laws of a jurisdiction within the United States or (y) Nova Scotia unlimited companies) are duly authorized, validly issued, fully paid and nonassessable and the Pledged Interests constitute or will constitute the percentage of the issued and outstanding Stock of the Pledged Companies of such Grantor identified on Schedule 5 hereto, as updated from time to time to reflect sales or dispositions of Pledged Interests permitted by Section 4.10 of the Indenture, and as supplemented or modified by any Pledged Interests Addendum or any Supplement to this Agreement; (iii) such Grantor has the right and requisite authority to pledge, the Investment Related Property pledged by such Grantor to Agent as provided herein; (iv) all actions necessary to perfect, establish the third priority (subject to Permitted Collateral Liens) of, or otherwise protect, Agent’s Liens in the Investment Related Property, and the proceeds thereof, have been duly taken, (A) upon the execution and delivery of this Agreement; (B) upon the taking of possession by the applicable Senior Agent or the Agent in accordance with the Intercreditor Agreement of any certificates constituting the Pledged Interests, to the extent such Pledged Interests are represented by certificates, together with undated powers endorsed in blank by the applicable Grantor; (C) upon the filing of financing statements in the applicable jurisdiction set forth on Schedule 8 attached hereto for such Grantor with respect to the Pledged Interests of such Grantor that are not represented by certificates, and (D) with respect to any Securities Accounts, upon the delivery of Control Agreements with respect thereto (other than with respect to the pledge by Xxxxxxx Bros. Holdings L.P. and Clover Leaf Dutch Holdings, LLC of membership rights in Clover Leaf Seafood Cooperatief U.S., which pledge shall be effected within the time period set forth in Section 4.24 of the Indenture ; and (v) each Grantor has delivered to and deposited with the applicable Senior Agent or the Agent in accordance with the Intercreditor Agreement (or, with respect to any Pledged Interests created or obtained after the Closing Date, will deliver and deposit in accordance with Sections 6(a) and 8 hereof) all certificates representing the Pledged Interests owned by such Grantor to the extent such Pledged Interests are represented by certificates, and undated powers endorsed in blank with respect to such certificates. None of the Pledged Interests owned or held by such Grantor has been issued or transferred in violation of any securities registration, securities disclosure, or similar laws of any jurisdiction to which such issuance or transfer may be subject.
(f) No consent, approval, authorization, or other order or other action by, and no notice to or filing with, any Governmental Authority or any other Person is required (i) for the grant of a Security Interest by such Grantor in and to the Collateral pursuant to this Agreement or for the execution, delivery, or performance of this Agreement by such Grantor, or (ii) for the exercise by Agent of the voting or other rights provided for in this Agreement with respect to the Investment Related Property or the remedies in respect of the Collateral pursuant to this Agreement, except (A) as may be required in connection with such disposition of Investment Related Property by laws affecting the offering and sale of securities generally, (B) consents or approvals that have been already obtained as of the date hereof or the date on which Security Interest are granted on any additional Collateral after the date hereof, as applicable, (C) the filings of financing statements and other filings necessary to perfect the security interests granted thereby, (D) consents, approvals, notices or other action, the failure to obtain or make could not reasonably be expected to be material to the business of the Issuers and Guarantors taken as a whole and (E) pursuant to the Intercreditor Agreement. No Intellectual Property License to which such Grantor is a party requires any consent for such Grantor to grant the security interest granted hereunder in such Grantor’s right, title or interest in or to any Copyrights, Patents, or Trademarks owned by Grantor or material Intellectual Property Licenses.
6. Covenants. Each Grantor, jointly and severally, covenants and agrees with Agent that from and after the date of this Agreement and until the date of termination of this Agreement in accordance with Section 22 hereof:
(a) Possession of Collateral. In the event after the First Lien Termination Date that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, certificated Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Agent’s Security Interest is dependent on or enhanced by possession, the applicable Grantor, shall promptly (and in any event within 30 days of the acquisition thereof) endorse and deliver physical possession of such Negotiable Collateral, certificated Investment Related Property, or Chattel Paper to Agent, together with undated powers endorsed in blank; provided that Grantors shall have no obligation to comply with this Section 6(a) until such Negotiable Collateral, Investment Related Property, or Chattel Paper in which Grantors have an interest exceeds $25,000;
12
(b) Chattel Paper.
(i) Each Grantor after the First Lien Termination Date shall take all steps reasonably necessary to grant Agent control of all electronic Chattel Paper in accordance with the Code and all “transferable records” as that term is defined in Section 16 of the Uniform Electronic Transaction Act and Section 201 of the federal Electronic Signatures in Global and National Commerce Act as in effect in any relevant jurisdiction; provided that Grantors shall have no obligation to comply with this Section 6(b)(i) (x) until the aggregate value of electronic Chattel Paper in which Grantors have an interest exceeds $25,000 and (y) if the First Lien Termination Date has not occurred and no Senior Agent has requested that such Grantor take similar actions with respect to the Senior Lien Obligations;
(ii) If, after the First Lien Termination Date, any Grantor retains possession of any Chattel Paper or instruments (which retention of possession shall be subject to the extent permitted hereby and by the Indenture), such Chattel Paper and instruments shall be marked with the following legend: “This writing and the obligations evidenced or secured hereby are subject to the Security Interest of Deutsche Bank Trust Company Americas, as Agent for the benefit of the Secured Parties” or a legend including such language but also including a similar disclosure regarding other Permitted Collateral Liens; provided that Grantors shall have no obligation to comply with this Section 6(b)(ii) (x) until the aggregate value of Chattel Paper or instruments in which Grantors have an interest exceeds $25,000 and (y) if the First Lien Termination Date has not occurred and no Senior Agent has requested that such similar legend with respect to the Senior Lien Obligations be placed on such Chattel Paper;
(c) Control Agreements.
(i) Except for (a) Deposit Accounts with an aggregate amount of not more than $500,000 at any one time for all such Deposit Accounts, in the case of all the Grantors, (b) Deposit Accounts specially and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the employee of the Grantors and (c) Deposit Account with an aggregate amount of not more than $750,000 (calculated at current exchange rates) at any one time for all such Deposit Accounts, in the case of all Subsidiaries that are not Grantors, each Grantor shall obtain an authenticated Control Agreement, from each bank maintaining a Deposit Account for such Grantor;
(ii) Each Grantor shall obtain an authenticated Control Agreement, from each issuer of uncertificated securities, securities intermediary, or commodities intermediary issuing or holding any financial assets or commodities to or for any Grantor;
(iii) Each Grantor shall obtain an authenticated Control Agreement with respect to all of such Grantor’s electronic chattel paper, investment property, and letter-of-credit rights;
(d) Letter-of-Credit Rights. Each Grantor that is or becomes the beneficiary of a letter of credit shall promptly (and in any event within 2 Business Days after becoming a beneficiary), notify
13
Agent thereof and enter into a tri-party agreement with Agent and the issuer or confirming bank with respect to letter-of-credit rights assigning such letter-of-credit rights to Agent and directing all payments thereunder to Agent’s Account; provided that no Grantor shall have any obligation to comply with this Section 6(d) if the First Lien Termination Date has not occurred and no Senior Agent has requested that such Grantor enter into a similar agreement with respect to the Senior Lien Obligations;
(e) Commercial Tort Claims. Each Grantor shall promptly (and in any event within 2 Business Days of receipt thereof), notify Agent in writing upon incurring or otherwise obtaining a Commercial Tort Claim after the date hereof involving a claim (individually or in the aggregate with all other Commercial Tort Claims) in excess of $25,000 and with respect to any Security Document, promptly amend Schedule 1 to this Agreement to describe such after-acquired Commercial Tort Claim in a manner that reasonably identifies such Commercial Tort Claim, and hereby authorizes the filing of additional financing statements or amendments to existing financing statements describing such Commercial Tort Claims, and agrees to do such other acts or things necessary or required by law to give Agent a third priority (subject to Permitted Collateral Liens), perfected security interest in any such Commercial Tort Claim or do such acts or things performed for the Senior Agents pursuant to Section 6(e) of any of the Senior Security Agreements but in a manner that will give Agent a third priority (subject to Permitted Collateral Liens) perfected security interest in any such Commercial Tort Claim; provided, however, (x) that Grantors shall not be required to take any such actions to perfect Agent’s Lien on any Commercial Tort Claim involving a claim that is less than $25,000 and (y) no Grantor shall have any obligation to comply with this Section 6(e) if the First Lien Termination Date has not occurred and no Senior Agent has requested that such Grantor take similar actions with respect to the Senior Lien Obligations;
(f) Government Contracts. If any Account or Chattel Paper arises out of a contract or contracts with the United States of America or any department, agency, or instrumentality thereof, Grantors shall promptly (and in any event within 5 Business Days of the creation thereof) notify Agent thereof in writing and execute any instruments or take any steps reasonably required by Agent after the First Lien Termination Date in order that all moneys due or to become due under such contract or contracts shall be assigned to Agent, for the benefit of the Secured Parties, and shall provide written notice thereof under the Assignment of Claims Act or other applicable law (or take any steps performed for the Senior Agents pursuant to Section 6(f) of the Senior Security Agreements but in a manner that will provide that such contract or contracts will be assigned to Agent after the First Lien Termination Date, for the benefit of the Secured Parties);
(g) Intellectual Property.
(i) In order to facilitate filings with the United States Patent and Trademark Office and the United States Copyright Office, each Grantor shall execute and deliver to Agent one or more Copyright Security Agreements, Trademark Security Agreements, or Patent Security Agreements to further evidence Agent’s Lien on such Grantor’s Patents, Trademarks, or Copyrights; provided that no Grantor shall have any obligation to comply with this Section 6(g)(i) if the First Lien Termination Date has not occurred and no Senior Agent has requested that such Grantor enter into a similar agreement with respect to the Senior Lien Obligations;
(ii) Subject to the last sentence of this Section 6(g)(ii), each Grantor shall (A) take such steps as it, in its reasonable business judgment, determines to be advisable to enforce and defend such Grantor’s owned Intellectual Property, which may include suing for infringement, misappropriation, or dilution of its owned Intellectual Property, as applicable, and to recover any and all damages related to such infringement, misappropriation, or dilution, (B) to prosecute diligently any trademark application or service xxxx application that is part of the Trademarks pending as of the date hereof or hereafter until the termination of this Agreement, (C) to prosecute diligently any patent application that is part
14
of the Patents pending as of the date hereof or hereafter until the termination of this Agreement, and (D) to take all reasonable action to preserve and maintain such Grantor’s owned Trademarks, Patents and Copyrights, and its rights therein, including the filing of applications for renewal, affidavits of use, affidavits of noncontestability and opposition and interference and cancellation proceedings, as applicable. Notwithstanding the foregoing, a Grantor may abandon or dedicate to the public, or decline to assert, defend or enforce Trademarks, Patents, or Copyrights owned by such Grantor that, in such Grantor’s reasonable business judgment, are not material to the operation of such Grantor’s business, or have no significant economic value to such Grantor;
(iii) Grantors acknowledge and agree that the Secured Parties shall have no duties with respect to the Trademarks, Patents, Copyrights, or Intellectual Property Licenses. Without limiting the generality of this Section 6(g), Grantors acknowledge and agree that no member of the Secured Parties shall be under any obligation to take any steps necessary to preserve rights in the Trademarks, Patents, Copyrights, or Intellectual Property Licenses against any other Person, but any member of the Secured Parties may do so at its option from and after the occurrence and during the continuance of an Event of Default, and all expenses incurred in connection therewith (including reasonable fees and expenses of attorneys and other professionals) shall be for the sole account of Borrower;
(iv) In the event that any Grantor files an application for the registration of any Copyright with the United States Copyright Office, or an application for the registration of any Patent or Trademark with the United States Patent and Trademark Office, Grantor shall concurrently with the quarterly and annual reports required under Section 4.3 of the Indenture provide to Agent written notice of such filings. Grantor shall thereafter comply with the covenants set forth above in Section 6(g)(i) with respect to any such filings.
(h) Investment Related Property.
(i) If any Grantor shall receive or become entitled to receive any Pledged Interests after the Closing Date, it shall promptly (and in any event within 5 Business Days of receipt thereof) deliver to Agent a duly executed Pledged Interests Addendum identifying such Pledged Interests;
(ii) All sums of money and property paid or distributed in respect of the Investment Related Property which are received by any Grantor shall be held by the Grantors in trust for the benefit of the Senior Agents and the Agent if the First Lien Termination Date has not occurred and the Agent if the First Lien Termination Date has occurred segregated from such Grantor’s other property, and after the First Lien Termination Date, such Grantor shall deliver it forthwith to Agent in the exact form received; provided, however, that, so long as no Event of Default has occurred and is continuing, the provisions of this Section 6(h)(ii) shall not apply with respect to any payment or distribution of money or property (x) from any Subsidiary of a Grantor to such Grantor to the extent permitted under the Indenture so long as such money or property is thereafter subject to the Security Interest or (y) from any Grantor or any Subsidiary of a Grantor to any Person, to the extent permitted pursuant to the terms and conditions of Section 4.7 of the Indenture;
(iii) Each Grantor shall promptly deliver to Agent a copy of each notice or other communication received by it in respect of any Pledged Interests;
(iv) No Grantor shall make or consent to any amendment or other modification or waiver with respect to any Pledged Interests, Pledged Operating Agreement, or Pledged Partnership Agreement that could reasonably be expected to be materially adverse to the interests of the Secured Parties, or enter into any agreement or permit to exist any restriction with respect to any Pledged Interests other than pursuant to the Security Documents that could be reasonably be expected to be materially adverse to the interests of the Secured Parties;
15
(v) Each Grantor agrees that it will use its commercially reasonable efforts to obtain all necessary approvals and making all necessary filings under federal, state, local, or foreign law in connection with the Security Interest on the Investment Related Property or any sale or transfer thereof; provided, however, that if the First Lien Termination Date has not occurred in no event shall any Grantor be required to take any action pursuant to this Section 6(h) that it is not required to take or does not take under the Senior Security Agreements;
(vi) As to all limited liability company or partnership interests owned by such Grantor and issued under any Pledged Operating Agreement or Pledged Partnership Agreement, each Grantor hereby represents, warrants and covenants that the Pledged Interests issued pursuant to such agreement (A) are not and shall not be dealt in or traded on securities exchanges or in securities markets, (B) do not and will not constitute investment company securities required to be registered under the Investment Company Act of 1940, and (C) are not and will not be held by such Grantor in a securities account. In addition, none of the Pledged Operating Agreements, the Pledged Partnership Agreements, or any other agreements governing any of the Pledged Interests issued under any Pledged Operating Agreement or Pledged Partnership Agreement, provide or shall provide that such Pledged Interests are securities governed by Article 8 of the Uniform Commercial Code as in effect in any relevant jurisdiction;
(i) Real Property; Fixtures. Each Grantor covenants and agrees that upon the acquisition of any fee interest in Real Property it will promptly notify Agent of the acquisition of such Real Property within five (5) Business Days of such acquisition and grant to Agent, for the benefit of the Secured Parties, a third priority (subject to Permitted Collateral Liens) Mortgage on such fee interest in Real Property now or hereafter owned by such Grantor and shall deliver such other documentation and opinions, in connection with the grant of such Mortgage as required hereunder (except that, prior to the First Lien Termination Date, in no event shall any Grantor be required to deliver any documentation or opinion that is not delivered to the Senior Agents), including title insurance policies, financing statements, fixture filings and environmental audits and such Grantor shall pay all recording costs, intangible taxes and other fees and costs (including reasonable attorneys fees and expenses) incurred in connection therewith; provided, that, notwithstanding the foregoing, such requirements with respect to after-acquired Real Property shall not exceed the requirements set forth in the Indenture with respect to Real Property owned by a Grantor. Each Grantor acknowledges and agrees that, to the extent permitted by applicable law, and subject to the rights of any applicable landlord or sublandlord, such landlord’s or sublandlord’s mortgage or other party having rights in the subject real property, all of the Collateral shall remain personal property regardless of the manner of its attachment or affixation to real property;
(j) Transfers and Other Liens. Grantors shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except expressly permitted by the Indenture, or (ii) create or permit to exist any Lien upon or with respect to any of the Collateral of any of Grantors, except for Permitted Collateral Liens. The inclusion of Proceeds in the Collateral shall not be deemed to constitute Agent’s consent to any sale or other disposition of any of the Collateral except as expressly permitted in the Indenture, this Agreement or the other Security Documents;
(k) Other Actions as to Any and All Collateral. Each Grantor shall promptly (and in any event within 5 Business Days of acquiring or obtaining such Collateral) notify Agent in writing upon (i) acquiring or otherwise obtaining any Collateral after the date hereof consisting of Trademarks, Patents, Copyrights, Intellectual Property Licenses, Investment Related Property, Chattel Paper (electronic, tangible or otherwise) evidencing obligations in excess of $25,000, documents (as defined in Article 9 of the
16
Code) in an amount in excess of $25,000, promissory notes (as defined in the Code) (other than with respect to intercompany notes) in a face amount in excess of $25,000, or instruments (as defined in the Code) in an amount in excess of $25,000, or (ii) any amount payable in excess of $25,000 under or in connection with any of the Collateral being or becoming evidenced after the date hereof by any Chattel Paper, documents, promissory notes, or instruments and, in each such case upon the request of a Senior Agent with respect to any Security Documents, promptly execute such other documents, or if applicable, deliver such Chattel Paper, other documents or certificates evidencing any Investment Related Property to the applicable Senior Agent or the Agent in accordance with the Intercreditor Agreement and do such other acts or things necessary or required by law to protect Agent’s Security Interest therein;
(l) Controlled Accounts.
(i) [Reserved].
(ii) Each Controlled Account Bank shall establish and maintain Controlled Account Agreements with Agent and the applicable Grantor. Each such Controlled Account Agreement shall provide, among other things, that (a) the Controlled Account Bank (in its capacity as depositary institution) will comply with any instructions originated by Agent after the First Lien Termination Date directing the disposition of the funds in such Controlled Account without further consent by the applicable Grantor; (b) the Controlled Account Bank (in its capacity as a depositary institution) has no rights of setoff or recoupment or any other claim against the applicable Controlled Account other than for payment of its service fees and other charges directly related to the administration of such Controlled Account and for returned checks or other items of payment; and (c) upon the instruction of the Agent, after the First Lien Termination Date (an “Activation Instruction”), the Controlled Account Bank will forward by daily sweep all amounts in the applicable Controlled Account to the Agent’s Account. Agent agrees not to issue an Activation Instruction with respect to the Controlled Accounts unless it has received written notification that an Event of Default has occurred and is continuing at the time such Activation Instruction is issued. Agent agrees to use commercially reasonable efforts to rescind any Activation Instruction previously issued (the “Rescission”) if: (x) the Event of Default upon which such Activation Instruction was issued has been waived in writing in accordance with the terms of this Agreement or the Indenture, (y) no additional Event of Default has occurred and is continuing prior to the date of the Rescission or is reasonably expected to occur on or immediately after the date of the Rescission and (z) the First Lien Termination Date has not occurred.
(iii) So long as no Default or Event of Default has occurred and is continuing, Issuers may amend Schedule 6(l) to add or replace a Controlled Account Bank or Controlled Account; provided, however, that prior to the time of the opening of such Controlled Account, the applicable Grantor and such prospective Controlled Account Bank shall have executed and delivered to Agent a Controlled Account Agreement; and
(m) Motor Vehicles. With respect to each motor vehicle with a value in excess of $25,000 owned by any Grantor, Grantor shall deliver to the applicable Senior Agent or the Agent in accordance with the Intercreditor Agreement, a certificate of title for each such motor vehicle and shall cause a title certificate to be filed (with the Agent’s Lien noted thereon) in the appropriate state motor vehicle filing office; provided, however, that Grantors shall not be required to take any such actions to perfect Agent’s Lien on any motor vehicle with a value that is less than $25,000 or with respect to any vehicle for which the Senior Agents’ Lien is not noted on the title certificate pertaining to such vehicle.
(n) Vessels. It being acknowledged and agreed that Grantors shall not be required to take any actions to perfect Agent’s Lien on any vessel with a value that is less than $25,000.
17
(o) Change Name. No Grantor will change such Grantor’s name, organizational and/or incorporation identification number or jurisdiction of organization or incorporation except in the event such Grantor provides at least 10 days prior written notice to Agent of such change and takes all actions necessary to maintain perfection and priority of the security interests created hereunder at all times following such change.
Notwithstanding anything herein to the contrary, in the event any of the covenants set forth herein (other than with respect to any UCC filings and intellectual property filings) can not be satisfied due to the Agent’s inability or unwillingness to sign any of the requested documents or deliver any property, after the Grantors have used commercially reasonable efforts to have such documents executed by the Agent, such covenant shall be deemed satisfied.
7. Reconveyance of Clam Quotas and Cage Tags. Upon written notification from the Noteholders that all Secured Obligations (other than unasserted contingent indemnity and expense reimbursement obligations) have been paid in full, the Agent shall execute and deliver to Issuers or their designees an original Request for Surf Claim-Ocean Quahog Transfer (in the form provided by the Issuers) to transfer permanently back to Issuers or their designee all Clam Quotas and Cage Tags, if any, then held by Agent.
8. Relation to Other Security Documents. The provisions of this Agreement shall be read and construed with the other Security Documents referred to below in the manner so indicated.
(a) Patent, Trademark, Copyright Security Agreements. The provisions of the Copyright Security Agreements, Trademark Security Agreements, and Patent Security Agreements are supplemental to the provisions of this Agreement, and nothing contained in the Copyright Security Agreements, Trademark Security Agreements, or the Patent Security Agreements shall limit any of the rights or remedies of Agent hereunder.
9. Further Assurances.
(a) Subject to the terms of the Intercreditor Agreement, each Grantor agrees that from time to time, at its own expense, such Grantor will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or that Agent may reasonably request, in order to perfect and protect the Security Interest and liens granted or purported to be granted hereby or by the other Security Documents or to enable Agent to exercise and enforce its rights and remedies hereunder or under the other Security Documents with respect to any of the Collateral. For the avoidance of doubt, it is the Grantors primary responsibility to use their commercially reasonable efforts to establish, maintain and preserve the perfection of the Security Interests or Mortgaged Property.
(b) Each Grantor authorizes the filing by Agent of financing or continuation statements, or amendments thereto, and such Grantor will execute and deliver to Agent such other instruments or notices, as may be necessary or as Agent may reasonably request, in order to perfect and preserve the Security Interest granted or purported to be granted hereby. For the avoidance of doubt, it is the Grantors primary responsibility to use their commercially reasonable efforts to establish, maintain and preserve the perfection of the Security Interests.
(c) Each Grantor authorizes Agent at any time and from time to time to file, transmit, or communicate, as applicable, financing statements and amendments (i) describing the Collateral as “all personal property of debtor” or “all assets of debtor” or words of similar effect, (ii) describing the Collateral as being of equal or lesser scope or with greater detail, or (iii) that contain any information required by part 5 of Article 9 of the Code for the sufficiency or filing office acceptance.
18
(d) Each Grantor acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement filed in connection with this Agreement without the prior written consent of Agent, subject to such Grantor’s rights under Section 9-509(d)(2) of the Code.
(e) Each Grantor agrees that, in the event any Grantor takes any action to grant or perfect a Security Interest in favor of a Senior Agent in any assets, such Grantor shall also use commercially reasonable efforts to take such action to grant or perfect a Security Interest in favor of the Agent to secure the Secured Obligations.
(f) It is the Grantors’ primary responsibility to use their commercially reasonable efforts to establish, maintain and preserve the perfection of the Security Interests.
10. Agent’s Right to Perform Contracts, Exercise Rights, etc. Subject to the Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may (but shall not be obligated to) proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall have the right to use any Grantor’s rights under Intellectual Property Licenses in connection with the enforcement of the Agent’s rights hereunder, including the right to prepare for sale and sell any and all Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right to request that any Stock that is pledged hereunder be registered in the name of Agent or any of its nominees.
11. Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints Agent its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, at such time as an Event of Default has occurred and is continuing under the Indenture, to take any action and to execute any instrument required by law to accomplish the purposes of this Agreement, including (but subject to the Intercreditor Agreement and the occurrence of the First Lien Termination Date):
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in connection with the Accounts or any other Collateral of such Grantor;
(b) to receive and open all mail addressed to such Grantor and to notify postal authorities to change the address for the delivery of mail to such Grantor to that of Agent;
(c) to receive, indorse, and collect any drafts or other instruments, documents, Negotiable Collateral or Chattel Paper;
(d) to file any claims or take any action or institute any proceedings which Agent may deem necessary or desirable for the collection of any of the Collateral of such Grantor or otherwise to enforce the rights of Agent with respect to any of the Collateral;
(e) to repair, alter, or supply goods, if any, necessary to fulfill in whole or in part the purchase order of any Person obligated to such Grantor in respect of any Account of such Grantor;
(f) to use any labels, Patents, Trademarks, trade names, URLs, domain names, industrial designs, Copyrights, advertising matter or other industrial or intellectual property rights, in advertising for sale and selling Inventory and other Collateral and to collect any amounts due under Accounts, contracts or Negotiable Collateral of such Grantor; and
19
(g) Agent on behalf of the Secured Parties shall have the right, but shall not be obligated, to bring suit in its own name to enforce the Trademarks, Patents, Copyrights and Intellectual Property Licenses and, if Agent shall commence any such suit, the appropriate Grantor shall, at the request of Agent, do any and all lawful acts and execute any and all proper documents reasonably required by Agent in aid of such enforcement.
To the extent permitted by law, each Grantor hereby ratifies all that such attorney-in-fact shall lawfully do or cause to be done by virtue hereof. This power of attorney is coupled with an interest and shall be irrevocable until this Agreement is terminated.
12. Agent May Perform. Subject to the Intercreditor Agreement, if any of Grantors fails to perform any agreement contained herein, Agent (or its designees or agents) may (but shall be under no obligation to) itself perform, or cause performance of, such agreement, and the reasonable, documented, out-of-pocket expenses of Agent incurred in connection therewith shall be payable, jointly and severally, by Grantors.
13. Agent’s Duties. The powers conferred on Agent hereunder are solely to protect Agent’s interest in the Collateral, for the benefit of the Secured Parties, and shall not impose any duty upon Agent to exercise any such powers. Except for the safe custody of any Collateral in its actual possession and the accounting for moneys actually received by it hereunder, 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 any Collateral. Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its actual possession if such Collateral is accorded treatment substantially equal to that which Agent accords its own property.
14. Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuation of an Event of Default after the First Lien Termination Date and subject to the Intercreditor Agreement, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral have been assigned to Agent, for the benefit of the Secured Parties, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Security Documents.
15. Disposition of Pledged Interests by Agent. None of the Pledged Interests existing as of the date of this Agreement are registered or qualified under the various federal or state securities laws of the United States and disposition thereof after the First Lien Termination Date and an Event of Default has occurred and is continuing may be restricted to one or more private (instead of public) sales in view of the lack of such registration (any Pledged Interests of a Subsidiary or otherwise that are not registered or qualified under various federal or state securities laws of the United States are referred to herein as the “Private Pledged Interests”). Each Grantor understands that in connection with such disposition, Agent may approach only a restricted number of potential purchasers and further understands that a sale under such circumstances may yield a lower price for the Pledged Interests than if the Pledged Interests were registered and qualified pursuant to federal and state securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if Agent shall, pursuant to the terms of this Agreement, sell or cause the Pledged Interests or any portion thereof to be sold at a private sale, Agent shall have the right to rely upon the advice and opinion of any nationally recognized brokerage or investment firm (but shall not be obligated to seek such advice and the failure to do so shall not be considered in determining the commercial reasonableness of such action) as to the best manner in which to offer the Private Pledged Interests or any portion thereof for sale and as to the best price reasonably obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that Agent has handled the disposition in a commercially reasonable manner and the Agent shall incur no liability in connection with such sale (other than as a result of its gross negligence or willful misconduct).
20
16. Voting Rights.
(a) Upon the occurrence and during the continuation of an Event of Default and after the First Lien Termination Date, (i) Agent may, at its option, and with 2 Business Days prior notice to any Grantor, and in addition to all rights and remedies available to Agent under any other agreement, at law, in equity, or otherwise, exercise all voting rights, and all other ownership or consensual rights in respect of the Pledged Interests owned by such Grantor, but under no circumstances is Agent obligated by the terms of this Agreement to exercise such rights, and (ii) if Agent duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints Agent, such Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner Agent deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders, partners or members, as the case may be. The power-of-attorney granted hereby is coupled with an interest and shall be irrevocable.
(b) For so long as any Grantor shall have the right to vote the Pledged Interests owned by it, such Grantor covenants and agrees that it will not, without the prior written consent of Agent, vote or take any consensual action with respect to such Pledged Interests which would materially adversely affect the rights of Agent and the other members of the Secured Parties or the value of the Pledged Interests.
17. Remedies.
(a) Upon the occurrence and during the continuance of an Event of Default, Agent may, and, at the written instruction of the Required Secured Debtholders, shall exercise in respect of the Collateral, in addition to other rights and remedies provided for herein, in the other Security Documents, or otherwise available to it, all the rights and remedies of a secured party on default under the Code or any other applicable law. Without limiting the generality of the foregoing, each Grantor expressly agrees that, in any such event, Agent without demand of performance or other demand, advertisement or notice of any kind (except a notice specified below of time and place of public or private sale) to or upon any of Grantors or any other Person (all and each of which demands, advertisements and notices are hereby expressly waived to the maximum extent permitted by the Code or any other applicable law), may take immediate possession of all or any portion of the Collateral and (i) require Grantors to, and each Grantor hereby agrees that it will at its own expense and upon request of Agent acting pursuant to the Secured Parties written instructions, assemble all or part of the Collateral as directed by Agent acting pursuant to the Secured Parties written instructions and make it available to Agent at one or more locations where such Grantor regularly maintains Inventory, and (ii) without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of Agent’s offices or elsewhere, for cash, on credit, and upon such other terms as Agent may deem commercially reasonable. Each Grantor agrees that, to the extent notice of sale shall be required by law, at least 10 days notice to any of Grantors of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification and specifically such notice shall constitute a reasonable “authenticated notification of disposition” within the meaning of Section 9-611 of the Code. Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.
(b) Upon the occurrence and during the continuance of an Event of Default, for the purpose of enabling Agent to exercise its rights and remedies under this Agreement, each Grantor hereby
21
grants to Agent (or its designees or agents) a license to use, without liability for royalties or any other charge, each Grantor’s labels, Patents, Copyrights, rights of use of any name, trade secrets, trade names, Trademarks, service marks and advertising matter, URLs, domain names, industrial designs, other industrial or intellectual property or any property of a similar nature, whether owned by any of Grantors or with respect to which any of Grantors have rights under license, sublicense, or other agreements (if so permitted under such license, sublicense, or other agreements), as it pertains to the Collateral, in preparing for sale, advertising for sale and selling any Collateral, and each Grantor’s rights under all licenses and all franchise agreements shall inure to the benefit of Agent.
(c) Upon the occurrence and during the continuance of an Event of Default, Agent may, in addition to other rights and remedies provided for herein, in the other Security Documents, or otherwise available to it under applicable law and without the requirement of notice to or upon any of Grantors or any other Person (which notice is hereby expressly waived to the maximum extent permitted by the Code or any other applicable law), (i) with respect to any of Grantors’ Deposit Accounts in which Agent’s Liens are perfected by control under Section 9-104 of the Code, instruct the bank maintaining such Deposit Account for the applicable Grantor to pay the balance of such Deposit Account to or for the benefit of Agent, and (ii) with respect to any of Grantors’ Securities Accounts in which the Agent’s Liens are perfected by control under Section 9-106 of the Code, instruct the securities intermediary maintaining such Securities Account for the applicable Grantor to (A) transfer any cash in such Securities Account to or for the benefit of Agent, or (B) liquidate any financial assets in such Securities Account that are customarily sold on a recognized market and transfer the cash proceeds thereof to or for the benefit of Agent.
(d) (i) Upon the occurrence and during the continuance of an Event of Default, any cash held by Agent as Collateral and all cash proceeds received by Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral or Real Property subject to a Mortgage shall be applied against the Secured Obligations as follows:
First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses, taxes and other amounts (including fees, charges and disbursements of counsel to the Agent) payable to the Agent, the Trustee and each Additional Pari Passu Agent in their respective capacities as such;
Second, to payment of that portion of the Secured Obligations constituting fees, indemnities, principal, interest and other amounts payable to the Secured Parties (without priority of any one over any other) in proportion to the unpaid amounts of Secured Obligations with such proceeds applied (i) as among the holders of the Notes, as set forth in the Indenture and (ii) as among the among the holders of Permitted Additional Pari Passu Obligations, as set forth in the applicable Additional Pari Passu Debt Documents; and
Last, the balance, if any, after all of the Secured Obligations have been paid in full (other than contingent indemnification obligations), to the Issuers or as otherwise required by Law.
In the event the proceeds of Collateral are insufficient to satisfy all of the Secured Obligations in full, each Grantor shall remain jointly and severally liable for any such deficiency.
(ii) In making the determination and allocations required by this Section 17(d), the Agent may conclusively rely upon information supplied by (i) the Trustee as to the amounts of unpaid principal and interest and other amounts outstanding with respect to the Obligations (as defined in the Indenture) and (ii) the applicable Additional Pari Passu Agent as to the amounts of unpaid principal and interest and other amounts outstanding with respect to such Permitted Additional Pari Passu Obligations and the Agent shall have no liability to any of the Secured Parties for actions taken in reliance on
22
such information (other than as a result of the Agent’s gross negligence or willful misconduct); provided that nothing in this sentence shall prevent any Grantor from contesting any amounts claimed by any Secured Party in any information so supplied. All distributions made by the Agent pursuant to this Section 17(d) shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Agent shall have no duty to inquire as to the application by an Additional Pari Passu Agent of any amounts distributed to such Person.
(iii) If, despite the provisions of this Agreement, any Secured Party shall receive any payment or other recovery in excess of its portion of payments on account of the Secured Obligations to which it is then entitled in accordance with this Agreement, such Secured Party shall hold such payment or other recovery in trust for the benefit of all Secured Parties hereunder for distribution in accordance with this Section 17(d).
(e) Agent shall have the right to the appointment of a receiver for the properties and assets of each of Grantors, and each Grantor hereby consents to such rights and such appointment and hereby waives any objection such Grantors may have thereto or the right to have a bond or other security posted by Agent.
18. Remedies Cumulative. Each right, power, and remedy of Agent as provided for in this Agreement or in the other Security Documents or now or hereafter existing at law or in equity or by statute or otherwise shall be cumulative and concurrent and shall be in addition to every other right, power, or remedy provided for in this Agreement or in the other Security Documents or now or hereafter existing at law or in equity or by statute or otherwise, and the exercise or beginning of the exercise by Agent, of any one or more of such rights, powers, or remedies shall not preclude the simultaneous or later exercise by Agent of any or all such other rights, powers, or remedies.
19. Marshaling. Agent shall not be required to marshal any present or future collateral security (including but not limited to the Collateral) for, or other assurances of payment of, the Secured Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order, and all of its rights and remedies hereunder and in respect of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Secured Obligations or under which any of the Secured Obligations is outstanding or by which any of the Secured Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Grantor hereby irrevocably waives the benefits of all such laws.
20. Indemnity and Expenses.
(a) Each Grantor agrees to indemnify Agent and the other members of the Secured Parties from and against all claims, lawsuits and liabilities (including reasonable attorneys fees but excluding allocated costs of internal counsel) arising out of or resulting from this Agreement (including enforcement of this Agreement) or any other Security Document to which such Grantor is a party, except claims, losses or liabilities resulting from the gross negligence or willful misconduct of the party seeking indemnification as determined by a final non-appealable order of a court of competent jurisdiction. This provision shall survive the termination of this Agreement and the Indenture, the repayment of the Secured Obligations and the resignation or removal of the Agent.
(b) Grantors, jointly and severally, shall, upon demand, pay to Agent all reasonable costs and expenses (including reasonable attorneys, accountants, consultants, and other advisors fees and
23
expenses) which Agent may incur in connection with (i) the administration of this Agreement or any other Security Document, (ii) the custody, preservation, use or operation of, or, upon an Event of Default, the sale of, collection from, or other realization upon, any of the Collateral or Mortgaged Property in accordance with this Agreement and the other Security Documents, (iii) the exercise or enforcement of any of the rights of Agent hereunder or any other Security Document or (iv) the failure by any of Grantors to perform or observe any of the provisions hereof or any other Security Document.
(c) Each Grantor agrees to indemnify the Agent from and against any and all claims, demands, suits, actions, investigations, proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable and documented out of pocket fees and disbursements of attorneys (other than the allocated costs of internal counsel) in connection with or arising out of any presence or release of Hazardous Materials at, on, under, to or from any Mortgaged Property or any Environmental Actions, Environmental Liabilities and costs or Remedial Actions related in any way to any such Mortgaged Property, excluding any such claims, lawsuits or liabilities to the extent resulting from Hazardous Materials first brought on to or released at the Mortgaged Property, or violations of applicable environmental laws, rules, or regulations by Agent, after foreclosure by the Agent under the Security Documents or that resulted from the gross negligence or willful misconduct of an indemnified party.
21. Merger, Amendments; Etc. THIS AGREEMENT, TOGETHER WITH THE INDENTURE AND THE OTHER SECURITY DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES. No waiver of any provision of this Agreement, and no consent to any departure by any of Grantors herefrom, shall in any event be effective unless the same shall be in writing and signed by Agent, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. No amendment of any provision of this Agreement shall be effective unless the same shall be in writing and signed by Agent and each of Grantors to which such amendment applies with the consent, if any, of the Secured Parties required by the Indenture and any Additional Pari Passu Agreement; provided that in the event of an amendment of any provision of any of the Senior Security Agreements, the corresponding provision of this Agreement shall automatically be amended, without the consent of the Agent, on identical or substantially similar terms to such amendment, except for amendments releasing Liens on all or substantially all of the Collateral.
22. Addresses for Notices. All notices and other communications provided for hereunder shall be given in the form and manner and delivered to Agent at its address specified in the Indenture, and to any of the Grantors at their respective addresses specified in the Indenture or Guarantee, as applicable, to any Additional Pari Passu Agent, at its address specified in the Additional Pari Passu Joinder Agreement or, as to any party, at such other address as shall be designated by such party in a written notice to the other party.
23. Continuing Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Obligations (other than contingent indemnification obligations) have been paid in full in cash in accordance with the provisions of the Indenture, (b) be binding upon each of Grantors, and their respective successors and assigns, and (c) inure to the benefit of, and be enforceable by, Agent, and its successors, transferees and assigns. Upon (i) payment in full in cash of the Obligations (other than contingent indemnification obligations) in accordance with the provisions of the Indenture, (ii) sale or disposition of property if a release is required or desirable in connection therewith and if Issuers certify in writing to Agent that the sale or disposition is permitted under Section 4.10 of the Indenture or the other Security Documents (and Agent may rely conclusively on any such certificate, without further inquiry), (iii) determination that property in which the Grantors and
24
their respective Subsidiaries owned no interest at the time the Agent’s Lien was granted nor at any time thereafter, or (iv) expiration or termination of a lease of property in a transaction permitted under the Indenture, the Security Interest granted hereby shall terminate with respect to the applicable Collateral and all rights to the Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Agent will, subject to the terms and provisions of the Indenture, execute and deliver to the applicable Grantor such documents (as provided by such Grantor) including the filing of UCC termination statements, lien releases, mortgage releases, re-assignments of trademarks, reassignment of Clam Quotas to the Issuers, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form), as are necessary or desirable to such Grantor to release, as of record, any and all Liens and all notices of security interests and liens previously filed by Agent with respect to such Collateral. Except as provided in the immediately preceding sentence, no transfer or renewal, extension, assignment, or termination of this Agreement or of the Indenture, any other Security Document, or any other instrument or document executed and delivered by any Grantor to Agent nor any additional Notes or any Additional Pari Passu Obligations, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantors, or any of them, by Agent, nor any other act of the Secured Parties, or any of them, shall release any of Grantors from any obligation, except a release or discharge executed in writing by Agent in accordance with the provisions of the Indenture. Agent shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder, unless such waiver is in writing and signed by Agent and then only to the extent therein set forth. A waiver by Agent of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Agent would otherwise have had on any other occasion.
24. Governing Law.
THE VALIDITY OF THIS AGREEMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK; PROVIDED, HOWEVER, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. AGENT AND EACH GRANTOR HEREBY WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 23(b).
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, AGENT AND EACH GRANTOR HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, THE OTHER SECURITY DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. AGENT AND EACH GRANTOR REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND
25
EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.
25. New Subsidiaries. Pursuant to Section 4.17 of the Indenture, and/or any provision of an Additional Pari Passu Agreement any new direct or indirect Subsidiary (whether by acquisition or creation) of Grantor (other than a Grantor that is a Foreign Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.
26. Permitted Additional Pari Passu Obligations. On or after the Issue Date, the Issuers may from time to time designate additional obligations as Permitted Additional Pari Passu Obligations by delivering to the Agent, the Trustee and each Additional Pari Passu Agent (a) a certificate signed by the chief financial officer of any Issuer (i) identifying the obligations so designated and the aggregate principal amount or face amount thereof, stating that such obligations are designated as “Permitted Additional Pari Passu Obligations” for purposes hereof, (ii) representing that such designation of such obligations complies with the terms of the Indenture and each then extant Additional Pari Passu Agreement, (iii) specifying the name and address of the Additional Pari Passu Agent for such obligations (if other than the Trustee) and (iv) stating that the Grantors have complied with their obligations under Section 6; (b) except in the case of Additional Notes, a fully executed Additional Pari Passu Joinder Agreement (in the form attached as Exhibit B); and (c) an Opinion of Counsel to the effect that the designation of such obligations as “Permitted Additional Pari Passu Obligations” does not violate the terms of the Indenture and each then extant Additional Pari Passu Agreement (upon which the Agent may conclusively and exclusively rely).
27. Agent. Each reference herein to any right granted to, benefit conferred upon or power exercisable by the “Agent” shall be a reference to Agent, for the benefit of the Secured Parties.
28. Intercreditor Matters. By accepting the benefits of this Agreement and the other Security Documents, each Secured Party agrees that it is bound by the terms of the Intercreditor Agreement applicable to such Secured Party.
29. Release of Liens. (a) Liens securing the Notes shall be released as provided in the Indenture and Liens securing the Permitted Additional Parri Passu Obligations shall be released as provided in the Additional Pari Passu Agreement governing such obligations. Liens securing the Notes and Liens securing the Permitted Additional Parri Passu Obligations shall be automatically and without the need for any further action be released:
(i) in whole or in part, as applicable, as to all or any portion of property subject to such Liens which has been taken by eminent domain, condemnation or other similar circumstances;
(ii) in whole upon:
(1) satisfaction and discharge of the Indenture under Section 8.2(b) thereof; or
26
(2) a defeasance or covenant defeasance of the Indenture under Article VIII thereof;
(iii) in part, as to any property that (i) is sold, transferred or otherwise disposed of by an Issuer or any Guarantor (other than to an Issuer or another Guarantor) in a transaction not prohibited by the Indenture at the time of such transfer or disposition or (ii) is owned or at any time acquired by a Guarantor that has been released from its Note Guarantee (as defined in the Indenture), concurrently with the release of such Note Guarantee;
(iv) in whole or in part, in accordance with the applicable provisions of the Intercreditor Agreement to the extent that the holders of the first and second priority release their first and second priority Liens (including with respect to dispositions of Collateral), other than in connection with a discharge of first and second priority obligations.
(b) In the event that any Lien is to be released pursuant to this Section 29, and any Grantor requests that the Agent furnish a written disclaimer, release or quitclaim of any interest in such property under the Security Documents, upon receipt of an officer’s certificate and an opinion of counsel to the effect that such release complies with this Section 29 and specifying the provision in Section 29(a) pursuant to which such release is being made (upon which the Agent may exclusively and conclusively rely), the Agent shall execute, acknowledge and deliver to such Grantor such an instrument in the form provided by such Grantor, and providing for release without recourse and shall take such other action as such Grantor may reasonably request and is necessary to effect such release.
30. Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act, Deutsche Bank Trust Company Americas, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this Agreement agree that they will provide Deutsche Bank Trust Company Americas with such information as it may request in order for Deutsche Bank Trust Company Americas to satisfy the requirements of the USA Patriot Act.
31. Force Majeure. The Agent shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of the Agent (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility) for so long as such occurrence continues; provided, however, that the Agent agrees to use commercially reasonable efforts to perform such act, duty, obligation or responsibility notwithstanding such occurrence.
32. Commercially Reasonable Efforts. Notwithstanding anything to the contrary contained herein (a) no Grantor shall be in default or breach hereunder for failure to take any action hereunder if the Grantor used its commercially reasonable efforts to take such action and (b) if the First Lien Termination Date has not occurred, no Grantor shall be required to take any action hereunder if a similar action is not required to be taken under the Senior Security Agreements.
27
33. Miscellaneous.
(a) This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement. Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Security Document mutatis mutandis.
(b) Any provision of this Agreement which is prohibited or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or enforceability of such provision in any other jurisdiction.
(c) Headings used in this Agreement are for convenience only and shall not be used in connection with the interpretation of any provision hereof.
(d) The pronouns used herein shall include, when appropriate, either gender and both singular and plural, and the grammatical construction of sentences shall conform thereto.
(e) Unless the context of this Agreement or any other Security Document clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Security Document refer to this Agreement or such other Security Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Security Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement or in any other Security Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein or in any other Security Document to the satisfaction or repayment in full of the Secured Obligations shall mean the repayment in full in cash of all Obligations other than unasserted contingent indemnification Secured Obligations that are not required by the provisions of the Indenture to be repaid. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in any other Security Document shall be satisfied by the transmission of a Record.
[signature pages follow]
28
IN WITNESS WHEREOF, the undersigned parties hereto have executed this Agreement by and through their duly authorized officers, as of the day and year first above written.
GRANTORS: | BUMBLE BEE FOODS, LLC, | |||||
a Delaware limited liability company | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief | |||||
Financial Officer | ||||||
XXXXXXX SEAFOOD (2001), INC. | ||||||
a Delaware corporation | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief | |||||
Financial Officer | ||||||
BUMBLE BEE HOLDINGS, INC., formerly known as Xxxxxxxxxxx’x Food Company, a Georgia corporation | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief | |||||
Financial Officer | ||||||
CLOVER LEAF HOLDINGS COMPANY, a Nova Scotia unlimited company | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Treasurer | |||||
XXXXXXX BROS. CLOVER LEAF SEAFOODS COMPANY, | ||||||
a Nova Scotia unlimited company | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Treasurer |
6162410 CANADA LIMITED, | ||||||
a corporation formed under the federal laws of Canada | ||||||
By: | /s/ Xxxx Xxxx | |||||
Name: | Xxxx Xxxx | |||||
Title: | Treasurer | |||||
K.C.R. FISHERIES LTD., | ||||||
a corporation formed under the laws of New Brunswick | ||||||
By: | /s/ Xxxx Xxxx | |||||
Name: | Xxxx Xxxx | |||||
Title: | Vice President and Treasurer | |||||
BB ACQUISITION (PR), L.P., a Delaware limited partnership | ||||||
By: | Bumble Bee International (PR), Inc. its General Partner | |||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief | |||||
Financial Officer | ||||||
BUMBLE BEE INTERNATIONAL (PR), INC., an exempted company incorporated with limited liability under the laws of the Cayman Islands | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief Financial Officer |
CLOVER LEAF DUTCH HOLDINGS, LLC | ||||||
a Delaware limited liability company | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief | |||||
Financial Officer |
BUMBLE BEE CAPITAL CORP. | ||||||
a Delaware corporation | ||||||
By: | /s/ Xxxx XxXxxx | |||||
Name: | Xxxx XxXxxx | |||||
Title: | Executive Vice President and Chief | |||||
Financial Officer |
XXXXXXX BROS. HOLDINGS, L.P., | ||||||
a Delaware limited partnership | ||||||
By: | CB Holdings GP, LLC, its general partner | |||||
By: | /s/ Xxxx Xxxxxx | |||||
Name: | Xxxx Xxxxxx | |||||
Title: | Vice President and Secretary |
AGENT: | DEUTSCHE BANK TRUST COMPANY AMERICAS, | |||||
as Agent | ||||||
By: | Deutsche Bank National Trust Company | |||||
By: | /s/ Xxxxxxx Xxxxxx | |||||
Name: | Xxxxxxx X. Xxxxxx | |||||
Title: | Vice President | |||||
By: | /s/ Xxxxx Xxxxxxx | |||||
Name: | Xxxxx Xxxxxxx | |||||
Title: | Vice President |
SCHEDULE 1
COMMERCIAL TORT CLAIMS
None
SCHEDULE 2
COPYRIGHTS
Copyright Registrations with the U.S. Copyright Office |
Owner1 |
Year of | ||
“Facts on Salmon” for text | Bumble Bee Seafoods, Inc. | 1980 | ||
“Bumble Bee Telecommunications software” for a computer file | Bumble Bee Seafoods, Inc. | 1989 | ||
“Figaro tuna cat food” for visual material | Bumble Bee Seafoods, Inc. | 1969 | ||
“The tuna tune; jingle” for recorded document/musical score | Bumble Bee Seafoods, Inc. | 1972 |
1 | Copyright is registered to Bumble Bee Seafoods, Inc. as of the date hereof. Bumble Bee Foods, LLC is permitted to use the corporate name “Bumble Bee Seafoods, Inc.”, and a name change is being filed with the U.S. Copyright Office on the date hereof. |
SCHEDULE 3
INTELLECTUAL PROPERTY LICENSES
1. | TRADEMARK LICENSES |
Licensee |
Licensor |
IP Licensed |
Date | |||
Bumble Bee Foods, LLC, as successor by merger to Xxxxx Xxx Acquisition, LLC | Xxxx Xxx Foods, Inc | License for the following trademarks: | January 14, 2005 | |||
Xxxxx & Shadow Design (Guatemala, Reg. no. 78496) |
||||||
Xxxxx & Shadow Design (Honduras, Reg. no. 59160) |
||||||
Xxxxx & Shadow Design (Nicuragua, Reg. no. 26604) |
||||||
Xxxxx Logo (Panama, Reg. no. 59936) |
||||||
Bryan (U.S., Reg. no. 2216333) |
||||||
Bryan the Flavor of the South & Design (U.S., Reg. no. 2453802) |
||||||
Bryan & Shadow Design (U.S., Reg. no. 1902897) |
||||||
Norwegian Jake’s | Bumble Bee Foods, LLC | License for Bumble Bee’s name and federally registered trademark (Reg. no. 2924759, 2896903) | February 19, 2006 | |||
Seafman, C.A. - Sociedad Ecuatoriana de Alimentos Y Frigorificos Manta | Bumble Bee Foods, LLC | License to use following trademarks: | February 19, 2006 | |||
In Columbia: “Bumble Bee” (Reg. no. 152582) and Bumble Bee Brand and Design (Reg. no. 120739) |
||||||
In Uruguay: “Bumble Bee” (Reg. no. 324665) and Bumble Bee and One Bee Design (Reg. no. 354501) |
||||||
In Venezuela: “Bumble Bee” (Reg. no. 112829) |
Atunec S.A. | Bumble Bee Foods, LLC | License to use following trademarks in Columbia: “Bumble Bee” (Reg. no. 152582) and Bumble Bee Brand and Design (Reg. no. 120739) | July 0000 | |||
Xxxxxxxx Xxxxx | Xxxxxx Bee Foods, LLC | License to use the following trademarks: “Bumble Bee” (Reg. no. 2896903) and Bumble Bee and One Bee Design (Reg. no. 2924759) | July 17, 2008 | |||
Xxxx Xxxxx, Inc. | Bumble Bee Foods, LLC (f/k/a, Bumble Bee Seafoods, Inc.) | License to use the Trademarks and Trade Name: The “Brunswick” brand name, and the Brunswick fishing boat logo. | November 25, 2004, as amended January 10, 2006 | |||
Bumble Bee Foods, LLC (f/k/a, Bumble Bee Seafoods, Inc.) | Conopco Inc. d/b/a Unilever Bestfoods | License to use the Trademark: XXXXXXXX’X | Unexecuted, draft dated March 2002 | |||
Bumble Bee Foods, LLC (f/k/a, Bumble Bee Seafoods, Inc.) | Conopco Inc. d/b/a/ Unilever Bestfoods | License to use the Trademarks: XXXX XXXXX, SPIRIT OF NORWAY and TINY TOTS | July 24, 2002, assigned to Bumble Bee Seafoods Inc. on May 19, 2003 | |||
Bumble Bee Foods, LLC | Costco Wholesale Corporation | License to use the Trademarks: XXXXXXXX SIGNATURE logo, XXXXXXXX SIGNATURE guarantee | May 13, 2003 | |||
Bumble Bee Foods, LLC | American Heart Association | License to use the Trademark: AHA heart-check certification xxxx | September 7, 2006 | |||
Bumble Bee Foods, LLC | Good Housekeeping | License to use the Trademark: Good Housekeeping seal | April 1, 2007 | |||
Bumble Bee Foods, LLC | Y-ME National Breast Cancer Organization | License to use the Trademarks: Y-ME National Breast Cancer Organization name and pink ribbon logo | February 4, 2008 | |||
Bumble Bee Asia Limited | Bumble Bee Foods, LLC | License to use BUMBLE BEE trade name | No written agreement in place |
2. | PATENT LICENSES |
Amended and Restated License Agreement dated October 8, 2009, between BBF and Muscle Protein Foods, Inc.
3. | SOFTWARE LICENSES |
(i) Software License Agreement dated December 28, 2006, between SAP America Inc. and Bumble Bee Foods, LLC, including all appendices and schedules thereto.
(ii) Software License and Services Agreement dated December 28, 2006 between CAS Systems of America, Inc. and Bumble Bee Foods, LLC.
SCHEDULE 4
PATENTS
Patent Applications
Invention |
Inventor(s) |
Owner |
Country |
Application Number |
Filing Date | |||||
Meat Concentrate Process | Xxxxxxxxxxx X. Xxxxx Xxxxxxx Xxxxxx | Bumble Bee Foods LLC | U.S. | 12/031626 | February 14, 2007 | |||||
Composition Derived From a Meat Source and Processes for Making and Using Composition | Xxxxxxx Xxxxxx and Xxxxx Xxx Xxxxx | Bumble Bee Foods LLC and MPF, Inc. | U.S. | 12/271,783; PET/US 2008/012830 | November 14, 2008 |
SCHEDULE 5
PLEDGED COMPANIES
Name of Grantor |
Name of Pledged |
Number of Shares/Units |
Class of Interests |
Percentage of Class Owned |
Certificate Nos. | |||||
Bumble Bee Foods, LLC | BB Acquisition (PR), L.P. | 100% | Limited Partnership Interest | 100% of Limited Partnership Interests | 1 | |||||
Bumble Bee International (PR), Inc. | BB Acquisition (PR), L.P. | 100% | General Partnership Interest | 100% of General Partnership Interest (1% of Interests) | 2 | |||||
Bumble Bee Foods, LLC | Bumble Bee International (PR), Inc. | 100 | Ordinary shares | 100% | 001 | |||||
Xxxxxxx Bros. Clover Leaf Seafoods Company | 6162410 Canada Limited | 100 | Common Shares | 100% | 4 | |||||
Xxxxxxx Bros. Clover Leaf Seafoods Company | K.C.R. Fisheries Ltd. | 70 | Common Shares | 100% | C-2 | |||||
Xxxxxxx Bros. Holdings, L.P. | Clover Leaf Dutch Holdings, LLC | N/A | Membership Interests | 100% | N/A | |||||
Bumble Bee Foods, LLC | Bumble Bee Capital Corp. | 100% | Common Shares | 100% | 1 | |||||
Bumble Bee Holdings, Inc. | Bumble Bee Foods, LLC | 100% | Membership Interests | 100% | N/A | |||||
Xxxxxxx Seafood (2001), Inc. | Bumble Bee Holdings, Inc. | 100% | Common Shares | 100% | N/A | |||||
Clover Leaf Holding Company | Xxxxxxx Bros. Clover Leaf Seafoods Company | 100% | Common Shares | 100% | 1 | |||||
Xxxxxxx Bros. Holdings, X.X. | Xxxxxxx Seafood (2001), Inc. | 100% | Common Shares | 100% | N/A |
SCHEDULE 6
TRADEMARKS
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
Trademarks owned by Bumble Bee Foods, LLC | ||||||||
XXXXXX | Xxxxx | 00000 | Registered | February 6, 1996 | ||||
SNOW’s and Design | Benelux | 310807 | Registered | April 4, 0000 | ||||
XXXXXX XXX | Xxxxxxx | 00000-X | Registered | March, 28 1996 | ||||
FIGARO | Bolivia | 60847 | Registered | March 28, 1996 | ||||
BUMBLE BEE | Brazil | 817425713 | Registered | July 8, 1997 | ||||
FIGARO | Brazil | 817425730 | Registered | April 18, 0000 | ||||
Xxx & Xxxxxx | Xxxxxx | XXX000000 | Registered | May 21, 0000 | ||||
XXXXXX XXX | Xxxxxx | XXX000000 | Registered | May 3, 1963 | ||||
XXXXXX | Canada | 489806 | Registered | February 12, 1998 | ||||
SNOW’s and Ship Design | Canada | 461185 | Registered | August 16, 1996 | ||||
BUMBLE BEE | China P.R. | 279565 | Registered | February 28, 1987 | ||||
XXXXX XXX | China P.R. | 746287 | Registered | May 21, 0000 | ||||
XXXXXX XXX | Xxxxxxxx | 000000 | Registered | February 23, 1994 | ||||
BUMBLE BEE Brand and Design | Colombia | 120739 | Registered | August 28, 1989 | ||||
CLOVER LEAF | Colombia | 271349 | Registered | July 2, 0000 | ||||
XXXXXX | Xxxxxxxx | 000000 | Registered | December 29, 1995 | ||||
TUXEDO | Colombia | 152586 | Registered | February 23, 1994 | ||||
SNOW’s | Community Trademark | 809574 | Registered | September 20, 1999 | ||||
SNOW’s and Design | Community Trademark | 838433 | Registered | November 23, 1999 | ||||
BUMBLE BEE | Germany | 645343 | Registered | April 22, 1986 | ||||
XXXXX XXX | Guatemala | 81622 | Registered | December 22, 1996 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BUMBLE BEE | Guyana | 18,289A | Registered | October 13, 2000 | ||||
BUMBLE BEE | Hong Kong | 301047375 | Filed | February 4, 2008 | ||||
BUMBLE BEE and One Bee Design | Israel | 72835 | Registered | June 23, 0000 | ||||
XXXXXX XXX | Xxxxxx | 00000 | Registered | March 29, 1974 | ||||
PICNIC | Philippines | 107108 | Filed | March 29, 1996 | ||||
BUMBLE BEE BRAND (Stylized) | Portugal | 183258 | Registered | November 17, 0000 | ||||
XXXXXX XXX | Xxxxxx-Xxxxxxxxxx | 00000 | Registered | December 16, 0000 | ||||
XXXXXX XXX | Xxxxx Xxxxx | 000000 | Registered | April 14, 2008 | ||||
BUMBLE BEE and One Bee Design | Surinam | 9774 | Registered | April 24, 1978 | ||||
BUMBLE BEE | Ukraine | UA 32990 | Registered | July 15, 0000 | ||||
Xxx Xxxxxx | Xxxxxx Xxxxxx | 000000 | Registered | October 13, 1953 | ||||
Bee in Chef’s Hat Design | Xxxxxx Xxxxxx | 0000000 | Registered | July 7, 0000 | ||||
XXXXXXX XXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | June 30, 0000 | ||||
XXXXXXX XXX XXXX | Xxxxxx Xxxxxx | 77/814681 | Filed | August 27, 0000 | ||||
XXXXXX XXX | Xxxxxx Xxxxxx | 0000000 | Registered | October 26, 0000 | ||||
XXXXXX XXX | Xxxxxx Xxxxxx | 0000000 | Registered | June 27, 2006 | ||||
BUMBLE BEE and Single Bee Design | Xxxxxx Xxxxxx | 0000000 | Registered | May 13, 0000 | ||||
Xxxxxx Xxx xx Xxxx Xxxx Xxxxxx | Xxxxxx Xxxxxx | 0000000 | Registered | February 8, 0000 | ||||
XXXXXX XXX XXXXXXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | November 7, 0000 | ||||
XXXXXX XXX XXX | Xxxxxx Xxxxxx | 77/519142 | Filed | July 10, 2008 | ||||
Cat and Fiddle Design | Xxxxxx Xxxxxx | 0000000 | Registered | January 9, 0000 | ||||
XXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | January 13, 2009 | ||||
CORAL (Stylized) | Xxxxxx Xxxxxx | 000000 | Registered | April 8, 0000 | ||||
XX XXXX’X | Xxxxxx Xxxxxx | 0000000 | Registered | February 3, 2004 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
XXXXXX | Xxxxxx Xxxxxx | 000000 | Registered | June 19, 1973 | ||||
XXXXXX | Xxxxxx Xxxxxx | 000000 | Registered | June 20, 1961 | ||||
FROM THE KITCHENS OF XXXXX XXX | United States | 2847741 | Registered | June 1, 0000 | ||||
XXXX XXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | July 28, 0000 | ||||
XXXX XXXX | Xxxxxx Xxxxxx | 0000000 | Registered | December 24, 1974 | ||||
LIFE IS FULL OF FLAVOR, EAT IT UP | United States | 77/519137 | Filed | July 10, 2008 | ||||
MARVELOUS (Stylized) | Xxxxxx Xxxxxx | 000000 | Registered | February 20, 0000 | ||||
XXXXX’X XXXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | December 25, 1990 | ||||
ORLEANS | United States | 2262099 | Registered | July 20, 1999 | ||||
ORLEANS and Design | Xxxxxx Xxxxxx | 000000 | Registered | September 30, 1958 | ||||
PICNIC | United States | 1895207 | Registered | May 23, 0000 | ||||
XXXXXXX XXXX | Xxxxxx Xxxxxx | 0000000 | Registered | April 4, 0000 | ||||
XXXXXXX XXXX xxx Xxx Xxxxxx | Xxxxxx Xxxxxx | 0000000 | Registered | June 13, 0000 | ||||
XXXXX XXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | April 20, 0000 | ||||
XXXXX XXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | January 23, 0000 | ||||
XXXXX XXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | September 23, 2008 | ||||
READY GRAVY | Xxxxxx Xxxxxx | 0000000 | Registered | November 29, 2005 | ||||
SAVOY | United States | 78/860421 | Filed | April 12, 2006 | ||||
SNOW’S | United States | 1528450 | Registered | March 7, 1989 | ||||
SNOW’S | United States | 2502482 | Registered | October 30, 0000 | ||||
XXXX’X | Xxxxxx Xxxxxx | 000000 | Registered | November 13, 1962 | ||||
SNOW’S and Ship Design | Xxxxxx Xxxxxx | 0000000 | Registered | January 20, 1981 | ||||
SNOW’S and Ship Design | Xxxxxx Xxxxxx | 0000000 | Registered | March 28, 1989 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
SNOW’S THE CHOWDER PEOPLE | United States | 2502490 | Registered | October 30, 0000 | ||||
XXXXX XXX | Xxxxxx Xxxxxx | 0000000 | Registered | February 17, 0000 | ||||
XXXXX XXX | Xxxxxx Xxxxxx | 0000000 | Registered | January 2, 2007 | ||||
XXXXX XXX and Girl Design | Xxxxxx Xxxxxx | 0000000 | Registered | April 4, 0000 | ||||
XXXXX XX XXXXX | Xxxxxx Xxxxxx | 2856581 | Registered | June 22, 2004 | ||||
TUXEDO (Stylized) | Xxxxxx Xxxxxx | 000000 | Registered | February 19, 0000 | ||||
XXXX XXXXXXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | August 18, 0000 | ||||
Xxxxxxxxxxx’x Xxxx Xxxx | Xxxxxx Xxxxxx | 0000000 | Registered | December 13, 0000 | ||||
Xxxxxxx | Xxxxxx Xxxxxx | 0000000 | Registered | December 13, 0000 | ||||
Xxxx Xxxxx (xxx Xxxxxx) | Xxxxxx Xxxxxx | 0000000 | Registered | October 6, 1959 | ||||
Make-it-Fresh | Xxxxxx Xxxxxx | 0000000 | Registered | May 27, 1975 | ||||
Ready Gravy | Xxxxxx Xxxxxx | 0000000 | Registered | November 29, 0000 | ||||
Xxxxx Xxxx | Xxxxxx Xxxxxx | 0000000 | Registered | August 29, 1989 | ||||
BUMBLE BEE and Two Bee Design | Aruba | 15752 | Registered | July 15, 1992 | ||||
BUMBLE BEE | Barbados | 81/12770 | Registered | December 20, 2001 | ||||
BUMBLE BEE | Brazil | 817425713 | Registered | July 8, 1997 | ||||
BUMBLE BEE and One Bee Design | Brazil | 6994261 | Registered | September 25, 0000 | ||||
XXXXX XXXXX Xxxxxx | Xxxxxx | 000000 | Registered | December 4, 1981 | ||||
BUMBLE BEE | Chile | 415478 | Registered | October 28, 1993 | ||||
BUMBLE BEE and One Bee Design | Chile | xxx111 | Registered | January 21, 1983 | ||||
FIGARO | Chile | 711741 | Registered | December 16, 2004 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BUMBLE BEE | Community Trademark | 2355667 | Registered | August 28, 0000 | ||||
XXXXXX XXX | Xxxxx Xxxx | 00000 | Registered | January 10, 1994 | ||||
BUMBLE BEE and Xxx Xxx Xxxxxx | Xxxxx Xxxx | 00000 | Registered | January 10, 0000 | ||||
XXXXXX | Xxxxx Xxxx | 00000 | Registered | January 10, 0000 | ||||
XXXXXX | Xxxxx Xxxx | 00000 | Registered | January 10, 1994 | ||||
BUMBLE BEE | Xxxxxxxxx Xxxxxxxx | 00000 | Registered | August 15, 1993 | ||||
FIGARO | Xxxxxxxxx Xxxxxxxx | 00000 | Registered | August, 15 1993 | ||||
TUXEDO | Xxxxxxxxx Xxxxxxxx | 00000 | Registered | August 15, 1993 | ||||
BUMBLE BEE | Egypt | 67319 | Registered | May 3, 1986 | ||||
BUMBLE BEE and One Bee Design | Egypt | 74693 | Registered | June 19, 1989 | ||||
BUMBLE BEE | El Salvador | 216 | Registered | October 17, 0000 | ||||
XXXXXXXXX | Xxxx Islands | 151/2001 | Registered | April 27, 2001 | ||||
BUMBLE BEE | Finland | 67834 | Registered | September 5, 1978 | ||||
BUMBLE BEE | Greece | 51306 | Registered | March 19, 0000 | ||||
XXXXXX XXX | Xxxxxxxxx | 000000 | Registered | May 23, 2000 | ||||
BUMBLE BEE and Xxx Xxx Xxxxxx | Xxxxxxx | 000000 | Registered | November 25, 1991 | ||||
BUMBLE BEE | Italy | 1041610 | Registered | July 13, 1973 | ||||
FIGARO | Italy | 1041613 | Registered | July 13, 1973 | ||||
BUMBLE BEE | Macedonia | 1172 | Registered | December 15, 1986 | ||||
FIGARO | Macedonia | 1171 | Registered | November 20, 0000 | ||||
XXXXXX XXX | Xxxxxx | 000000 | Registered | October 5, 1994 | ||||
BUMBLE BEE and One Bee Design | Netherlands Antilles | 6873 | Registered | September 20, 1978 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BUMBLE BEE and One Bee Design | Paraguay | 241861 | Registered | Xxxxx 0, 0000 | ||||
XXXXXX | Xxxxxxxx | 166394 | Registered | December 2, 1993 | ||||
TUXEDO | Paraguay | 166395 | Registered | December 2, 1993 | ||||
BUMBLE BEE | Xxxx | 0000 | Registered | November 9, 1993 | ||||
BUMBLE BEE and Xxx Xxx Xxxxxx | Xxxx | 00000 | Registered | Xxxxxx 00, 0000 | ||||
XXXXXX | Xxxx | 2422 | Registered | November 9, 1993 | ||||
TUXEDO | Xxxx | 0000 | Registered | November 6, 1993 | ||||
BUMBLE BEE and Xxx Xxx Xxxxxx | Xxxxxx Xxxx | 00000 | Registered | Xxxxxx 0, 0000 | ||||
XXXXXX | Xxxxxx Xxxx | 00000 | Registered | August 1, 1978 | ||||
Bee Design | Saudi Arabia | 504/43 | Filed | July 18, 1998 | ||||
BUMBLE BEE | Saudi Arabia | 498/33 | Registered | June 10, 1999 | ||||
BUMBLE BEE and One Bee Design | South Africa | 80/1395 | Registered | March 12, 1980 | ||||
BUMBLE BEE | Surinam | 17376 | Registered | August 11, 2000 | ||||
BUMBLE BEE | Uruguay | 324665 | Registered | January 10, 2002 | ||||
BUMBLE BEE and One Bee Design | Uruguay | 354501 | Registered | May 23, 1994 | ||||
BUMBLE BEE | Argentina | 1491357 | Registered | December 15, 0000 | ||||
XXXXXX XXX | Xxxxxxxxx | X000000 | Registered | December 16, 1964 | ||||
FIGARO | Australia | A195451 | Registered | April 20, 1967 | ||||
FIGARO | Australia | A204603 | Registered | March 1, 1968 | ||||
BUMBLE BEE | Austria | 146563 | Registered | March 31, 1993 | ||||
BUMBLE BEE | Benelux | 460108 | Registered | May 8, 1989 | ||||
FIGARO | Benelux | 460107 | Registered | May 11, 1992 | ||||
FIGARO | Benelux | 513318 | Registered | May 8, 1989 | ||||
BUMBLE BEE and Two Bee Design | Bermuda | 21805 | Registered | August 13, 1992 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
FIGARO | Bermuda | 21801 | Registered | January 27, 1993 | ||||
BUMBLE BEE | Denmark | VR198703104 | Registered | September 25, 1987 | ||||
BUMBLE BEE | Ecuador | 1408/94 | Registered | July 13, 1994 | ||||
BUMBLE BEE and One Bee Design | Ecuador | 589/90 | Registered | January 29, 0000 | ||||
XXXXXX | Xxxxxxx | 402/79 | Registered | May 3, 1979 | ||||
BUMBLE BEE | Finland | 67834 | Registered | September 5, 1978 | ||||
XXXXXX | Xxxxxxx | 00000 | Registered | December 5, 1979 | ||||
BUMBLE BEE | France | 1239913 | Registered | July 19, 0000 | ||||
XXXXXX | Xxxxxx | 1239914 | Registered | July 19, 1973 | ||||
BUMBLE BEE | Germany | 921040 | Registered | August 1, 1974 | ||||
FIGARO | Germany | 2903658 | Registered | Xxxxxx 0, 0000 | ||||
XXXXXX | Xxxxxxx | 921041 | Registered | March 23, 1995 | ||||
BUMBLE BEE and Design | Honduras | 62,221 | Registered | August 28, 1995 | ||||
Bee Design | Japan | 0000000 | Registered | February 26, 0000 | ||||
XXXXXX XXX | Xxxxx | 0000000 | Registered | October 31, 0000 | ||||
XXXXXX | Xxxxx | 0000000 | Registered | October 31, 1995 | ||||
BUMBLE BEE | Nicaragua | 25318 | Registered | March 14, 1994 | ||||
BUMBLE BEE and Two Bee Design | Nicaragua | 27193 | Registered | November 14, 1994 | ||||
XXXXXX | Xxxxxxxxx | 00000 | Registered | June 8, 1994 | ||||
XXXXXX | Xxxxxxxxx | 00000 | Registered | June 8, 0000 | ||||
XXXXXX XXX | Xxxxxx | 00000 | Registered | August 18, 1974 | ||||
BUMBLE BEE | Philippines | 4199496141 | Registered | August 28, 2000 | ||||
PICNIC | Philippines | 41996-107408 | Registered | N/A |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BUMBLE BEE and Xxx Xxx Xxxxxx | Xxxxxx | 00000 | Registered | January 20, 1994 | ||||
BUMBLE BEE and Xxx Xxx Xxxxxx | Xxxxxxx Xxxxxxxxxx | 000000 | Registered | August 10, 1992 | ||||
BUMBLE BEE | Slovenia | Z7380485 | Registered | Xxxxxx 00, 0000 | ||||
XXXXXX | Xxxxxxxx | Z7380486 | Registered | August 30, 1973 | ||||
BUMBLE BEE | Spain | 721018 | Registered | July 21, 1976 | ||||
BUMBLE BEE and Two Bee Design | Spain | 1917558 | Registered | March 5, 1995 | ||||
BUMBLE BEE | Sweden | 149739 | Registered | December 20, 0000 | ||||
XXXXXX XXX | Xxxxxxxxxxx | X000000 | Registered | July 24, 0000 | ||||
XXXXXX | Xxxxxxxx | TM25849 | Registered | February 27, 0000 | ||||
XXXXXX XXX | Xxxxxxxx | XX00000 | Registered | May 7, 1986 | ||||
BUMBLE BEE | Venezuela | 112829 | Registered | July 15, 1985 | ||||
Trademarks owned by Xxxxxxx Bros. Clover Leaf Seafoods Company | ||||||||
ACADIA | Xxxxxx Xxxxxx | 0000000 | Registered | May 13, 0000 | ||||
XXXXX XXXXX | Xxxxxx Xxxxxx | 000000 | Registered | May 19, 0000 | ||||
XXX XXXXX XX X XXXXX XXX | Xxxxxx Xxxxxx | 0000000 | Registered | August 23, 2005 | ||||
BRUNSWICK | United States | 1423060 | Registered | December 30, 1986 | ||||
BRUNSWICK | United States | 1758533 | Registered | March 16, 0000 | ||||
XXXXXX XXXX | Xxxxxx Xxxxxx | 0000000 | Registered | December 18, 2001 | ||||
Design (Boat Logo) | Xxxxxx Xxxxxx | 0000000 | Registered | January 12, 1993 | ||||
Design (BOAT/SEAL) | Xxxxxx Xxxxxx | 0000000 | Registered | September 7, 0000 | ||||
XXXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | February 1, 0000 | ||||
XXXXXX | Xxxxxx Xxxxxx | 0000000 | Registered | September 25, 1984 | ||||
MOOSEABEC | United States | 1538316 | Registered | May 9, 1989 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BRUNSWICK | Aruba | 17461 | Registered | June 22, 0000 | ||||
XXX XXXX & XXXXXX | Xxxxx | 00000 | Registered | March 6, 0000 | ||||
XXXXXX XXXX XXXXXX | Xxxxxxxxx | X00000 | Registered | April 26, 0000 | ||||
XXXXXX XXXX | Xxxxxxxxx | X00000 | Registered | October 17, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxxxxx | 000000 | Registered | March 1, 1995 | ||||
CLOVER DESIGN | Australia | 641863 | Registered | September 29, 1994 | ||||
BRUNSWICK | Barbados | 819700 | Registered | October 11, 1999 | ||||
CLOVER LEAF & Design | Barbados | 81/5337 | Registered | September 3, 1951 | ||||
RED ROSE & Design | Barbados | 81/2531 | Registered | April 29, 1955 | ||||
BRUNSWICK | Belize | 8269 | Registered | June 28, 1999 | ||||
BRUNSWICK | Benelux | 532817 | Registered | October 8, 0000 | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxxx | XX00000 | Registered | December 16, 0000 | ||||
XXXXXXX XXXXX | Xxxxxx | TMDA035670 | Registered | May 27, 0000 | ||||
XXXXX XXXXX | Xxxxxx | XXX000000 | Registered | December 14, 0000 | ||||
XXXX XXXXXXX | Xxxxxx | XXX 000000 | Registered | January 25, 0000 | ||||
XXXX XXXX & XXXXXX | Xxxxxx | XXX000000 | Registered | April 16, 1993 | ||||
BOAT DESIGN | Canada | TMA411271 | Registered | April 16, 0000 | ||||
XXXXXXXXX | Xxxxxx | TMA408223 | Registered | February 12, 0000 | ||||
XXXXXXXXX XXXXX | Xxxxxx | XXXX00000 | Registered | December 26, 1907 | ||||
BRUNSWICK CONNAISSEUR & Design | Canada | XXX000000 | Registered | March 14, 1980 | ||||
“cb” Design | Canada | TMA 201803 | Registered | September 13, 0000 | ||||
XXXXXX XXXX | Xxxxxx | XXX 000000 | Registered | April 19, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxx | XXXX 000000 | Registered | April 16, 1931 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
CLOVER LEAF & DESIGN | Canada | TMA 185996 | Registered | October 13, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxx | XXX 000000 | Registered | May 6, 1988 | ||||
CLOVER LEAF DESIGN | Canada | TMDA 050882 | Registered | November 5, 1930 | ||||
CLOVER LEAF CRAB DELECTABLES & DESIGN | Canada | TMA 685130 | Registered | March 30, 2007 | ||||
CLOVER LEAF GARNIT-TOUT and Design | Canada | TMA 409510 | Registered | March 12, 1993 | ||||
CLOVER LEAF INSPIRATIONS | Canada | N/A | Allowed | N/A | ||||
CLOVER LEAF INSPIRATIONS & Design | Canada | N/A | Allowed | N/A | ||||
CLOVER LEAF LOBSTER DELECTABLES and Design | Canada | TMA 655091 | Registered | December 14, 2005 | ||||
CLOVER LEAF TOPPERS and Design | Canada | TMA 409206 | Registered | March 5, 0000 | ||||
XXXXXXX | Xxxxxx | TMDA 037482 | Registered | March 28, 1925 | ||||
XXXXXXX BROS. INCOME FUND & DESIGN | Canada | TMA 713962 | Registered | May 8, 2008 | ||||
XXXXXXX FAMOUS SEA FOOD | Canada | TMDA037532 | Registered | April 16, 0000 | ||||
XXXXXXXXX | Xxxxxx | XXX000000 | Registered | September 2, 0000 | ||||
XXXXXX | Xxxxxx | TMA 177977 | Registered | August 27, 1971 | ||||
GOLD ANCHOR | Canada | TMA 253341 | Registered | November 28, 0000 | ||||
XXXXXXX | Xxxxxx | XXX000000 | Registered | October 8, 1976 | ||||
JUTLAND & Design | Canada | TMDA035603 | Registered | May 15, 1924 | ||||
KILTIE BRAND AND SALMON DESIGN | Canada | TMDA 021200 | Registered | October 29, 0000 | ||||
XXXXXX | Xxxxxx | XXX 000000 | Registered | February 1, 0000 | ||||
XXXXX XXXX | Xxxxxx | TMA 330834 | Registered | August 7, 1987 | ||||
MAPLE LEAF BRAND & DESIGN | Canada | TMDA 5392 | Registered | July 30, 1895 | ||||
MINI-FILET | Canada | TMA 176228 | Registered | May 21, 1971 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
NAVY | Canada | TMA 324227 | Registered | February 27, 1987 | ||||
NUTRITION...”NATURALLY” | Canada | TMA197419 | Registered | February 8, 1974 | ||||
NUTRITION...”NATURELLEMENT” | Canada | TMA197420 | Registered | February 8, 0000 | ||||
XXXXXXX | Xxxxxx | TMA 528688 | Registered | May 31, 0000 | ||||
XXXXXXXXX | Xxxxxx | XXX 000000 | Registered | August 28, 0000 | ||||
XXX | Xxxxxx | XXX 000000 | Registered | December 3, 1935 | ||||
PREMIUM & DESIGN | Canada | TMA 412283 | Registered | May 14, 1993 | ||||
PREMIUM CHOICE SOCKEYE SALMON AND LABEL DESIGN | Canada | TMDA 29052 | Registered | August 18, 1921 | ||||
PREMIUM FROZEN FISH & DESIGN | Canada | TMDA 046513 | Registered | June 7, 1929 | ||||
RED CLOVER | Canada | TMA 298449 | Registered | December 21, 0000 | ||||
XXX XXXX XXXXX | Xxxxxx | XXX 000000 | Registered | November 29, 0000 | ||||
XXXXXXXXX | Xxxxxx | XXX000000 | Registered | March 11, 1989 | ||||
XXXXX RED DESIGN | Canada | TMA 166988 | Registered | December 24, 0000 | ||||
XXXX XXXXX | Xxxxxx | XXX 000000 | Registered | September 20, 0000 | ||||
XXXX | Xxxxxx | XXX 000000 | Registered | May 10, 0000 | ||||
XXXXXXXX | Xxxxxx | XXX000000 | Registered | November 3, 0000 | ||||
XXXXXXXXXXX | Xxxxxx | XXX 000000 | Registered | July 30, 1951 | ||||
THUNDERBIRD THE XXXX OF QUALITY & DESIGN | Canada | TMA 361076 | Registered | October 27, 1989 | ||||
TUXEDO | Canada | TMA 295633 | Registered | September 28, 1984 | ||||
UNIVERSAL BRAND, RED SOCKEYE SALMON DESIGN | Canada | TMDA 54669 | Registered | Xxxx 00, 0000 | ||||
XXXXXXXXX | Xxxxx | 514681 | Registered | June 15, 1998 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BRUNSWICK & BOAT DESIGN | China | 1364136 | Registered | February 14, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxx | 0000000 | Registered | May 14, 0000 | ||||
XXXXXXXXX | Xxxxxxxx | 000000 | Registered | January 30, 0000 | ||||
XXXXXXXXX | Xxxxx Xxxx | 00000 | Registered | February 9, 1996 | ||||
BRUNSWICK | Cuba | 125770 | Registered | October 8, 0000 | ||||
XXXXXXXXX | Xxxxx Xxxxxxxx | 000000 | Registered | November 27, 1996 | ||||
CLOVER LEAF & DESIGN | Denmark | VR 1962 01336 | Registered | July 21, 1962 | ||||
BRUNSWICK & BOAT DESIGN | European Union | 004443396 | Registered | May 9, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxxxx Xxxxx | 000000 | Registered | May 3, 1999 | ||||
CLOVER LEAF | France | 1494559 | Registered | October 18, 0000 | ||||
XXX XXXX XX XXXX XXXXX | Xxxxxx | 0000000 | Registered | November 21, 1988 | ||||
UNIVERSAL | France | 1515074 | Registered | February 17, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxxx | 0000000 | Registered | November 23, 0000 | ||||
XXXXXXXXX | Xxxxxxxxx | 000000 | Registered | April 24, 2007 | ||||
BRUNSWICK | Guyana | 14889A | Registered | September 22, 2004 | ||||
FAIRHAVEN | Guyana | 15906A | Registered | X/X | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxx | 000000 | Registered | July 3, 2002 | ||||
BRUNSWICK | Israel | 108425 | Registered | May 4, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxx | 00000 | Registered | March 29, 1989 | ||||
BRUNSWICK | Jamaica | 3029 | Registered | September 15, 1994 | ||||
BRUNSWICK BRAND | Jamaica | 3029 | Registered | April 30, 0000 | ||||
XXXXXXXXX XXXXXXXX & DESIGN | Jamaica | 1967 | Registered | March 3, 1925 | ||||
RED ROSE & DESIGN | Jamaica | 6572 | Registered | March 25, 1955 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
CLOVER LEAF | Mauritius | A/12 No. 268 | Registered | May 16, 1966 | ||||
CLOVER LEAF & DESIGN | Mauritius | A/13 No. 64 | Registered | April 19, 1967 | ||||
RED ROSE & DESIGN | Mauritius | A/13 No. 66 | Registered | April 19, 0000 | ||||
XXXXXXXXX (Xxxxxxxx) | Xxxxxx | 000000 | Registered | September 27, 0000 | ||||
XXXXXXXXX XXXXXXX | Xxxxxx | 000000 | Registered | December 20, 0000 | ||||
XXXXXXXXX & Xxxxxx | Xxxxxx | 000000 | Registered | September 27, 1993 | ||||
BRUNSWICK | Xxxxxxxxxx | 0000 | Registered | October 23, 1995 | ||||
RED ROSE & DESIGN | Netherlands Antilles | 342405505 | Registered | June 3, 0000 | ||||
XXXXXXX XXXXXXXX SALMON MAPLE LEAF BRAND | New Zealand | 5627/4395 | Registered | November 7, 0000 | ||||
XXXXXX XXXX | Xxx Xxxxxxx | 00000 | Registered | October 17, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxx Xxxxxxx | 00000 | Registered | October 12, 0000 | ||||
XXXXX XXX | Xxx Xxxxxxx | X000000 | Registered | November 30, 1982 | ||||
UNIVERSAL | New Zealand | B129202 | Registered | February 15, 0000 | ||||
XXXXXXXXX | Xxxxxx | 00000 | Registered | April 30, 1998 | ||||
BRUNSWICK | Paraguay | 208214 | Registered | November 3, 1998 | ||||
BRUNSWICK | Xxxx | 00000 | Registered | September 8, 1995 | ||||
BRUNSWICK | Philippines | 41996116460 | Registered | May 12, 2005 | ||||
BRUNSWICK & BOAT DESIGN | Saudi Arabia | 826/78 | Registered | February 26, 0000 | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxxxx | X00/000000 | Registered | January 15, 1999 | ||||
BRUNSWICK & BOAT DESIGN | Xxxxxx Xxxxxxxx | 000000 | Registered | August 16, 1999 | ||||
CLOVER LEAF SALMON & DESIGN | South Africa | 1940/00907 | Registered | April 17, 1941 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
MAPLE LEAF | South Africa | 1970/03764 | Registered | September 0, 0000 | ||||
XXXX XXXXX & Xxxxxx | Xxxxx Xxxxxx | 1999/15458 | Registered | July 11, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxx | 0000000 | Registered | November 6, 0000 | ||||
XXXXXXXXX | Xx. Xxxxxxx (Grenadines) | 2031724A | Registered | December 2, 0000 | ||||
XXXXXXXXX | Xx. Xxxxxxx (Grenadines) | 160/98 | Registered | N/A | ||||
CLOVER LEAF & DESIGN | Sweden | 105471 | Registered | March 8, 0000 | ||||
XXXXXX XXXX & XXXXXX | Xxxxxxxxxxx | 000000 | Registered | February 11, 1982 | ||||
BEE design | Trinidad & Tobago | 35985 | Registered | September 29, 2005 | ||||
BUMBLE BEE | Trinidad & Tobago | 35984 | Registered | September 1, 2005 | ||||
BRUNSWICK & BOAT DESIGN | Turkey | 2005 25317 | Registered | September 23, 2003 | ||||
BRUNSWICK | Turks & Caicos | 11405 | Registered | December 16, 0000 | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxx | 00000 | Registered | April 15, 2002 | ||||
XXXXXXXXX | Xxxxxxx | 00000 | Registered | April 15, 2002 | ||||
CLOVER LEAF & DESIGN | United Kingdom | 746463 | Registered | September 28, 1955 | ||||
CLOVER LEAF BRAND | United Kingdom | 721157 | Registered | August 24, 1953 | ||||
CLOVER LEAF BRAND & DESIGN | United Kingdom | 721158 | Registered | August 24, 1953 | ||||
RED ROSE BRAND & DESIGN | United Kingdom | 791567 | Registered | June 2, 1959 | ||||
BANQUET | Antigua & Barbuda | 5349 | Registered | N/A | ||||
BRUNSWICK | Antigua & Barbuda | 3821 | Registered | March 21, 1996 | ||||
FAIRHAVEN | Antigua & Barbuda | 5352 | Registered | Xxxxx 00, 0000 | ||||
XXXXXXXXX | Xxxxxxxxx | 2,624,877 | Registered | October 3, 1997 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
BANQUET | Bahamas | 19670 | Registered | June 9, 1997 | ||||
BRUNSWICK | Bahamas | 17040 | Registered | January 4, 1995 | ||||
FAIRHAVEN | Bahamas | 19669 | Registered | June 9, 1997 | ||||
BRUNSWICK | Bolivia | 819676276 | Registered | August 3, 1999 | ||||
BRUNSWICK | Brazil | 819676276 | Registered | August 3, 1999 | ||||
BRUNSWICK | Curacao | 18650 | Registered | |||||
BEACH CLIFF | Xxxxxxxxx Xxxxxxxx | 00000 | Registered | July 15, 1996 | ||||
BEACH CLIFF | Xxxxxxxxx Xxxxxxxx | 00000 | Registered | July 15, 1996 | ||||
BRUNSWICK | Xxxxxxxxx Xxxxxxxx | 00000 | Registered | January 15, 1996 | ||||
BRUNSWICK | Xxxxxxxxx Xxxxxxxx | 0000-000X | Registered | N/A | ||||
BRUNSWICK | Fiji | 250/98 | Registered | May 7, 1998 | ||||
BRUNSWICK & BOAT DESIGN | France | 98758 254 | Registered | April 16, 1999 | ||||
BRUNSWICK & BOAT DESIGN | Hong Kong | 2001B00903 | Registered | July 28, 0000 | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxxxx | 000000 | Registered | N/A | ||||
BRUNSWICK & BOAT DESIGN | Myanmar | 4/5166/1998 | Registered | Xxxxx 00, 0000 | ||||
XXXXXXXXX | Xxxxxxxxxxx Antilles | 03488 | Registered | June 22, 1995 | ||||
BRUNSWICK | Poland | 120158 | Registered | April 18, 2000 | ||||
FAIRHAVEN | Poland | Z193484 | Registered | November 19, 0000 | ||||
XXXXXXXXX | Xxxxxx Xxxx | 00000 | Registered | September 25, 0000 | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxx | 00000 | Registered | X/X | ||||
XXXXXXXXX | Xxxxx Xxxxx & Xxxxx | 0000 | Registered | June 22, 1995 | ||||
BANQUET | Saint Lucia | 100/1997 | Registered | N/A | ||||
BRUNSWICK | Saint Lucia | 183/1995 | Registered | N/A | ||||
FAIRHAVEN | Saint Lucia | 101/1997 | Registered | N/A | ||||
BRUNSWICK | South Africa | 96/15658 | Registered | November 4, 1996 |
Xxxx Name |
Jurisdiction |
Registration |
Status |
Registration | ||||
JUTLAND | South Africa | 96/15659 | Registered | November 4, 1996 | ||||
BRUNSWICK & BOAT DESIGN | South Korea | 197970449727 | Registered | June 22, 1999 | ||||
BRUNSWICK | Suriname | 15.261 | Registered | November 18, 1996 | ||||
BANQUET | Trinidad & Tobago | 27072 | Registered | August 27, 1925 | ||||
BRUNSWICK | Trinidad & Tobago | 35 of 1925 | Registered | August 27, 1925 | ||||
FAIRHAVEN | Trinidad & Tobago | 27216 | Registered | July 20, 1997 | ||||
BRUNSWICK & BOAT DESIGN | Turks & Caicos | N/A | Registered | December 16, 1996 | ||||
BRUNSWICK | United Kingdom | 2031724A | Registered | August 29, 1997 | ||||
BRUNSWICK & BOAT DESIGN | United Kingdom | 2031724B | Registered | September 26, 1997 | ||||
BRUNSWICK | Uruguay | 296219 | Registered | March 23, 1998 | ||||
BRUNSWICK | Venezuela | P-214045 | Registered | September 10, 0000 | ||||
XXXXXXXXX & XXXX XXXXXX | Xxxxxxx | 00000 | Registered | October 29, 0000 | ||||
XXXXXXXXX | Xxxxx | N/A | Filed | N/A | ||||
BRUNSWICK SELECTA | Guatemala | N/A | Filed | N/A | ||||
BRUNSWICK & BOAT DESIGN | Malaysia | 98012257 | Filed | N/A | ||||
BRUNSWICK BOAT DESIGN | Sri Lanka | N/A | Filed | X/X | ||||
XXXXX XXXXX | Xxxxxxx | X/X | Filed | N/A |
DOMAIN NAMES
Domain |
Registrar |
Holder |
Registration Date | |||
xxxxxxxxx.xxx | Xxxxxxxxxxx.xxx | Bumble Bee Foods LLC | August 24, 1995 | |||
xxxxxxxxxxxxxx.xxx | Xxxxxxxxxx.xxx | Bumble Bee Foods LLC | June 20, 2005 | |||
xxxxxxxxxxxxxx.xx | Xxxxxxxxxx.xxx | Bumble Bee Foods LLC | July 22, 2005 |
xxxxxxxxxxxxxx.xxx | Xxxxxxxxxx.xxx | Bumble Bee Foods LLC | June 20, 2005 | |||
xxxxxxxxxxxxxx.xxx | Xxxxxxxxxx.xxx | Bumble Bee Foods LLC | June 20, 2005 | |||
xxxxxxxxxxxxxx.xxx | Xxxxxxxxxx.xxx | Bumble Bee Foods LLC | June 20, 2005 | |||
Xxxxxxxxxxxxxx.xx | Xxxxxxxxxx.xxx | Bumble Bee Foods LLC | June 20, 2005 | |||
xxxxxxxxxxxxxxxx.xxx | Xxxxxxxxxxx.xxx | Bumble Bee Foods LLC | March 21, 2000 | |||
xxxxxx-xxxx.xx | Arvic Search Services Inc. | Bumble Bee Seafoods Inc. | December 4, 2000 | |||
Xxxxxxxxxxxxxx.xx | Arvic Search Services Inc. | Bumble Bee Seafoods Inc. | December 1, 2000 | |||
xxxxxxxxxxxxxxxx.xx | Arvic Search Services Inc. | Bumble Bee Seafoods Inc. | December 1, 2000 | |||
Xxxxxxxxxxxxxxxxxx.xx | Arvic Search Services Inc. | Bumble Bee Seafoods Inc. | December 1, 2000 | |||
Xxxxxxxxxxxxxx.xx | Arvic Search Services Inc. | Bumble Bee Seafoods Inc. | December 1, 2000 | |||
xxxxxx-xxxx.xxx | Xxxxxxxxxxx.xxx | Bumble Bee Foods LLC | March 21, 2000 | |||
Xxxxxxxxxxxxxx.xxx | Xxxxxxxxxxx.xxx | Bumble Bee Foods LLC | March 21, 2000 | |||
Xxxxxxxxxxxxxxxxxx.xxx | Xxxxxxxxxxx.xxx | Bumble Bee Foods LLC | March 21, 2000 | |||
Xxxxxxxxxxxxxx.xxx | Xxxxxxxxxxx.xxx | Bumble Bee Seafoods Inc. | March 21, 2000 | |||
xxxxx.xxx | XxxxxxxXxxxxxxxx.xxx | Xxxxxxxxxxx’x Food Company | April 21, 1996 |
SCHEDULE 6(l)
CONTROLLED ACCOUNT BANKS
USD
Bank of America - Connecticut
BUMBLE BEE FOODS LLC BLOCKED ACCT
9429224382
Lock Box 90335 AR
Bank of America - Connecticut
BUMBLE BEE FOODS, LLC MASTER
9429224497
Master Operating
XXXXX FARGO BK INTL
K.C.R. Fisheries LTD
CAD Depository and Disbursement
ROYAL BANK OF CANADA
K.C.R. Fisheries LTD
CAD Depository and Disbursement
XXXXX FARGO BK INTL
Xxxxxxx Bros. Clover Leaf Seafoods Co (depository)
CAD Depository
ROYAL BANK OF CANADA
Xxxxxxx Bros. Clover Leaf Seafoods Co (depository)
CAD Depository
XXXXX FARGO BK, N.A.
Clover Leaf USD DDA Restricted
Restricted Depository
ROYAL BANK OF CANADA
Xxxxxxx Bros. Clover Leaf USD (depository)
USD Depository
XXXXX FARGO BK, N.A.
Clover Leaf USD DDA Operating
Operating
XXXXX FARGO BK, N.A.
KCR USD DDA
USD Depository and Disbursement
SCHEDULE 7
OWNED REAL PROPERTY
Property |
Owner | |||
0000 Xxxxxxxxx Xxxxx Violet 8 certain lots situated in Section 7 Township 13 South Range 00 Xxxx Xx. Xxxxxxx Xxxxxx, Xxxxxxxxx 00000-0000 - and- 0000 Xxxxxxxxx Xxxxx Violet 2 parcels comprised of 2 certain lots situated in Section 7 Township 12 South Range 00 Xxxx Xx. Xxxxxxx Xxxxxx, Xxxxxxxxx 00000-0000 |
Bumble Bee Foods, LLC | |||
000 Xxxx Xxxxxx, Xxxxxxxx Xxxxxx, Xxxxxxx Xxxxxx, Xxxxx, XXX 04669-5007 |
Bumble Bee Foods, LLC | |||
Spuds Factory 0000 Xxxxx Xxxx Xxxxxxx, Xxxxxxx XXX 00000-0000 |
Bumble Bee Holdings, Inc. | |||
Xxxxxxxxxxx Facility 1621 / 1577 / 1565 / 1600 / 0000 00xx Xxxxxx Xxxxxxx, Xxxxxxx 00000-0000 XXX |
Bumble Bee Holdings, Inc. | |||
Cape May Facility 000 Xxxxx Xxxxx Xxxx Xxx, Xxx Xxxxxx XXX 00000-0000 |
Bumble Bee Foods, LLC | |||
Puerto Rico Production Facility - Tuna Canning Plant Xxxx 64 #3075. Xxxxxxxxxx Xxxx, Xxxx Xxxxxxxxx, Xxxxxxxx Xxxxxx Xxxx 00000 |
Bumble Bee Acquisition (PR), LP | |||
PID 01242791 | Xxxx Island, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01238070 | Leavitts Head Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company |
PID 15011620 | Bliss Island, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15010440 | Leavitts Head Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01235407 | 127 Highway, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15000383 | Foleys Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152523 | Deadmans Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152416 | Deadmans Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15086192 | Xxxxxxx Xxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01255751 | Wellington Rd Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15075187 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15091853 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15092604 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15029093 | Blacks Harbor Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15032402 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15040207 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01226075 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152283 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152275 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152267 | 000 Xxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15148968 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15053416 | Toonerville Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01223692 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15001613 | 0 Xxxxxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15001183 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company |
PID 15001175 | French Village Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152457 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15151574 | Brunswick Street, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15151442 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152382 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152374 | Willow Court, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152317 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152309 | 00 Xxxxxxxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152291 | 00 Xxxxxxxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15162126 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15158223 | Brunswick Street, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15158215 | Brunswick Street, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15156235 | Brunswick Street, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15156227 | Brunswick Street, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152572 | 000 Xxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15152481 | Xxxxxxx Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01219476 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01219120 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01226091 | 000 Xxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15032394 | Wellington Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15039001 | Foleys Cove Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01293448 | 00 Xxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01292127 | 00 Xxxx Xxxxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company |
PID 01341031 | Upper Lake Utopia Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15011612 | Lime Kiln Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15066319 | Xxxxxx Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01221043 | 00 Xxxxxxx Xxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15173800 | 1 Highway, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15170996 | X X Xxxxxxxx Xxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15170988 | X X Xxxxxxxx Lane, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01337245 | Beaver Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15002488 | Blacks Harbour Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15000672 | X X Xxxxxxxx Xxxx, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15000151 | Route 1, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 01220995 | Xxxxxx Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15098981 | Southern Wolf Island, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15181084 | Upper Lake Utopia Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15181092 | Upper Lake Utopia Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company | ||
PID 15181100 | Upper Lake Utopia Road, XX | Xxxxxxx Bros. Clover Leaf Seafoods Company |
SCHEDULE 8
LIST OF UNIFORM COMMERCIAL CODE FILING JURISDICTIONS
Grantor |
Jurisdictions | |
BB Acquisition (PR), L.P. | Delaware | |
Bumble Bee Capital Corp. | Delaware | |
Bumble Bee Foods, LLC | Delaware | |
Clover Leaf Dutch Holdings LLC | Delaware | |
Xxxxxxx Bros. Holdings, L.P. | Delaware | |
Xxxxxxx Seafood (2001), Inc. | Delaware | |
Bumble Bee Holdings, Inc. | Georgia | |
6162410 Canada Limited | Washington DC | |
Bumble Bee International (PR), Inc. | Washington DC | |
Clover Leaf Holdings Company | Washington DC | |
Xxxxxxx Bros. Clover Leaf Seafoods Company | Washington DC | |
K.C.R. Fisheries, Ltd. | Washington DC | |
All Grantors | United States Patent and Trademark Office | |
All Grantors | United States Copyright Office |
***ANNEX 1 TO SECURITY AGREEMENT
FORM OF SUPPLEMENT
Supplement No. (this “Supplement”) dated as of , to the Security Agreement dated as of December 17 2009 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”) by each of the parties listed on the signature pages thereto and those additional entities that thereafter become parties thereto (collectively, jointly and severally, “Grantors” and each individually “Grantor”) and Deutsche Bank Trust Company Americas, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, “Agent”).
W I T N E S S E T H:
WHEREAS, pursuant to that certain Indenture, dated as of December 17, 2009 (the “Indenture”) the Issuers issued $220,000,000 aggregate principal amount of 7.75% Senior Secured Notes due 2015 (together with any Additional Notes and Exchange Notes, the “Notes”); and
WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement or the Indenture; and
WHEREAS, Grantors have entered into the Security Agreement in order to induce the Noteholders to purchase the Notes; and
WHEREAS, pursuant to Section 4.17 of the Indenture, new direct or indirect Subsidiaries of the Grantors, must execute and deliver certain Security Documents, including the Security Agreement, and the execution of the Security Agreement by the undersigned new Grantor or Grantors (collectively, the “New Grantors”) may be accomplished by the execution of this Supplement in favor of Agent, for the benefit of the Secured Parties;
NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each New Grantor hereby agrees as follows:
1. In accordance with Section 24 of the Security Agreement, each New Grantor, by its signature below, becomes a “Grantor” under the Security Agreement with the same force and effect as if originally named therein as a “Grantor” and each New Grantor hereby (a) agrees to all of the terms and provisions of the Security Agreement applicable to it as a “Grantor” thereunder and (b) represents and warrants that the representations and warranties made by it as a “Grantor” thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing, each New Grantor, as security for the payment and performance in full of the Secured Obligations, does hereby grant, assign, and pledge to Agent, for the benefit of the Secured Parties, a security interest in and security title to all assets of such New Grantor including, all property of the type described in Section 2 of the Security Agreement to secure the full and prompt payment of the Secured Obligations, including, any interest thereon, plus reasonable attorneys’ fees and expenses if the Secured Obligations represented by the Security Agreement are collected by law, through an attorney-at-law, or under advice therefrom. Schedule 1, “Commercial Tort Claims”, Schedule 2, “Copyrights”, Schedule 3, “Intellectual Property Licenses”, Schedule 4, “Patents”, Schedule 5, “Pledged Companies”, Schedule 6, “Trademarks”, Schedule 6(l), “Controlled Account Banks”, Schedule 7, “Owned Real Property”, Schedule 8, “List of Uniform Commercial Code Filing Jurisdictions”, and Schedule 9, “Motor Vehicles” attached hereto supplement Schedule 1, Schedule 2, Schedule 3, Schedule 4, Schedule 5, Schedule 6, Schedule 6(l), Schedule 7, Schedule 8, and Schedule 9 respectively, to the Security Agreement and shall be deemed a part thereof for all purposes of the Security Agreement. Each reference to a “Grantor” in the Security Agreement shall be deemed to include each New Grantor. The Security Agreement is incorporated herein by reference.
2. Each New Grantor represents and warrants to Agent, the Secured Parties that this Supplement has been duly executed and delivered by such New Grantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability thereof may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
3. This Supplement may be executed in multiple counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. Delivery of a counterpart hereof by facsimile transmission or by e-mail transmission shall be as effective as delivery of a manually executed counterpart hereof.
4. Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect.
5. This Supplement shall be construed in accordance with and governed by the laws of the State of New York, without regard to the conflict of laws principles thereof.
[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
Annex 1-2
IN WITNESS WHEREOF, each New Grantor and Agent have duly executed this Supplement to the Security Agreement as of the day and year first above written.
NEW GRANTORS: | [Name of New Grantor] | |||
By: |
| |||
Name: | ||||
Title: | ||||
[Name of New Grantor] | ||||
By: |
| |||
Name: | ||||
Title: | ||||
AGENT: | DEUTSCHE BANK TRUST COMPANY | |||
AMERICAS, as Agent | ||||
By: | Deutsche Bank National Trust Company | |||
By: |
| |||
Name: | ||||
Title: | ||||
By: |
| |||
Name: | ||||
Title: |
SUPPLEMENT TO SECURITY AGREEMENT
EXHIBIT A
COPYRIGHT SECURITY AGREEMENT
This COPYRIGHT SECURITY AGREEMENT (this “Copyright Security Agreement”) is made this day of , 20 , among Grantors listed on the signature pages hereof (collectively, jointly and severally, “Grantors” and each individually “Grantor”), and Deutsche Bank Trust Company Americas, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, “Agent”).
W I T N E S S E T H:
WHEREAS, pursuant to that certain Indenture, dated as of December 17, 2009 (the “Indenture”) the Issuers are issuing $220,000,000 aggregate principal amount of 7.75% Senior Secured Notes due 2015 (together with any Additional Notes and Exchange Notes, the “Notes”);
WHEREAS, the Noteholders are willing to purchase the Notes, but only upon the condition, among others, that the Grantor shall have executed and delivered to the Agent, for the benefit of the Secured Parties, that certain Security Agreement, dated as of December 17, 2009 (including all annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Security Agreement”); and
WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to Agent, for the benefit of the Secured Parties, this Copyright Security Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantors hereby agree as follows:
1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have the meanings given to them in the Security Agreement or the Indenture.
2. GRANT OF SECURITY INTEREST IN COPYRIGHT COLLATERAL. Each Grantor hereby grants to Agent, for the benefit of the Secured Parties, a continuing third priority (subject to Permitted Collateral Liens) security interest in all of such Grantor’s right, title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Copyright Collateral”):
(a) all of such Grantor’s Copyrights and Copyright Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto, subject to the last paragraph of Section 2 of the Security Agreement; and
(b) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Copyright or any Copyright licensed under any Intellectual Property License.
3. SECURITY FOR OBLIGATIONS. This Copyright Security Agreement and the Security Interest created hereby secures the payment and performance of all the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Copyright Security Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by Grantors, or any of them, to Agent, the Secured Parties, or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor.
A-1
4. SECURITY AGREEMENT. The security interests granted pursuant to this Copyright Security Agreement are granted in conjunction with the security interests granted to Agent, for the benefit of the Secured Parties, pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.
5. AUTHORIZATION TO SUPPLEMENT. Grantors shall give Agent (i) prompt notice in writing of any additional United States copyright registrations issued after the date hereof, and (ii) notice in writing of any additional applications for United States copyright registrations at least 3 Business Days prior to the filing of such applications. Grantors hereby authorize Agent unilaterally to modify this Agreement by amending Schedule I to include any future United States registered copyrights or applications therefor of Grantors. Notwithstanding the foregoing, no failure to so modify this Copyright Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I.
6. COUNTERPARTS. This Copyright Security Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Copyright Security Agreement or any other Security Document in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by e-mail transmission shall be deemed an original signature hereto.
7. CONSTRUCTION. Unless the context of this Copyright Security Agreement or any other Security Document clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Copyright Security Agreement or any other Security Document refer to this Copyright Security Agreement or such other Security Document, as the case may be, as a whole and not to any particular provision of this Copyright Security Agreement or such other Security Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Copyright Security Agreement unless otherwise specified. Any reference in this Copyright Security Agreement or in any other Security Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein or in any other Security Document to the satisfaction or repayment in full of the Obligations shall mean the repayment in full in cash of all Obligations other than unasserted contingent indemnification Obligations that are not required by the provisions of the Indenture to be repaid. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in any other Security Document shall be satisfied by the transmission of a Record and any Record so transmitted shall constitute a representation and warranty as to the accuracy and completeness of the information contained therein.
[signature page follows]
A-2
IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.
| ||
By: |
| |
Name: | ||
Title: | ||
| ||
| ||
By: |
| |
Name: | ||
Title: | ||
ACCEPTED AND ACKNOWLEDGED BY: | ||
DEUTSCHE BANK TRUST COMPANY | ||
AMERICAS, as Agent | ||
By: | Deutsche Bank National Trust Company | |
By: |
| |
Name: | ||
Title: | ||
By: |
| |
Name: | ||
Title: |
COPYRIGHT SECURITY AGREEMENT
SCHEDULE I
TO
COPYRIGHT SECURITY AGREEMENT
COPYRIGHT REGISTRATIONS
Grantor |
Country |
Copyright |
Registration No. |
Registration Date | ||||
Copyright Licenses
SCHED I-1
EXHIBIT B
PATENT SECURITY AGREEMENT
This PATENT SECURITY AGREEMENT (this “Patent Security Agreement”) is made this day of , 20 , among the Grantors listed on the signature pages hereof (collectively, jointly and severally, “Grantors” and each individually “Grantor”), and Deutsche Bank Trust Company Americas, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, “Agent”).
W I T N E S S E T H:
WHEREAS, pursuant to that certain Indenture, dated as of December 17, 2009 (the “Indenture”) the Issuers are issuing $220,000,000 aggregate principal amount of 7.75% Senior Secured Notes due 2016 (together with any Additional Notes and Exchange Notes, the “Notes”);
WHEREAS, the Noteholders are willing to purchase the Notes, but only upon the condition, among others, that the Grantor shall have executed and delivered to the Agent, for the benefit of the Secured Parties, that certain Security Agreement, dated as of December 17, 2009 (including all annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Security Agreement”); and
WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to Agent, for the benefit of the Secured Parties, this Patent Security Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows:
1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have the meanings given to them in the Security Agreement or the Indenture.
2. GRANT OF SECURITY INTEREST IN PATENT COLLATERAL. Each Grantor hereby grants to Agent, for the benefit of the Secured Parties, a continuing third priority (subject to Permitted Collateral Liens) security interest in all of such Grantor’s right, title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Patent Collateral”):
(a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto, subject to the last paragraph of Section 2 of the Security Agreement;
(b) all reissues, reexaminations, continuations, divisionals, continuations in part, or extensions of the foregoing; and
(c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future infringement of any Patent or any Patent licensed under any Intellectual Property License.
B-1
3. SECURITY FOR OBLIGATIONS. This Patent Security Agreement and the Security Interest created hereby secures the payment and performance of all the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Patent Security Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by Grantors, or any of them, to Agent, the Secured Parties, or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor.
4. SECURITY AGREEMENT. The security interests granted pursuant to this Patent Security Agreement are granted in conjunction with the security interests granted to Agent, for the benefit of the Secured Parties, pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of Agent with respect to the security interest in the Patent Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.
5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new patentable inventions or become entitled to the benefit of any patent application or patent for any reissue, reexamination, division, or continuation (in whole or in part), of any patent, the provisions of this Patent Security Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Agent with respect to any such new patent rights. Without limiting Grantors’ obligations under this Section, Grantors hereby authorize Agent unilaterally to modify this Agreement by amending Schedule I to include any such new patent rights of Grantors. Notwithstanding the foregoing, no failure to so modify this Patent Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I.
6. COUNTERPARTS. This Patent Security Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Patent Security Agreement or any other Security Document in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by e-mail transmission shall be deemed an original signature hereto.
7. CONSTRUCTION. Unless the context of this Patent Security Agreement or any other Security Document clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Patent Security Agreement or any other Security Document refer to this Patent Security Agreement or such other Security Document, as the case may be, as a whole and not to any particular provision of this Patent Security Agreement or such other Security Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Patent Security Agreement unless otherwise specified. Any reference in this Patent Security Agreement or in any other Security Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein or in any other Security Document to the satisfaction or repayment in full of the Obligations shall mean the repayment in full in cash of all Obligations other than unasserted contingent indemnification Obligations that are not required by the provisions of the Indenture to be repaid. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in any other Security Document shall be satisfied by the transmission of a Record and any Record so transmitted shall constitute a representation and warranty as to the accuracy and completeness of the information contained therein.
B-2
[signature page follows]
B-3
IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.
| ||
By: |
| |
Name: | ||
Title: | ||
| ||
By: |
| |
Name: | ||
Title: | ||
ACCEPTED AND ACKNOWLEDGED BY: | ||
DEUTSCHE BANK TRUST COMPANY | ||
AMERICAS, as Agent | ||
By: | Deutsche Bank National Trust Company | |
By: |
| |
Name: | ||
Title: | ||
By: |
| |
Name: | ||
Title: |
PATENT SECURITY AGREEMENT
EXHIBIT C
PLEDGED INTERESTS ADDENDUM
This Pledged Interests Addendum, dated as of , 20 , is delivered pursuant to Section 6 of the Security Agreement referred to below. The undersigned hereby agrees that this Pledged Interests Addendum may be attached to that certain Security Agreement, dated as of December 17, 2009 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”), made by the undersigned, together with the other Grantors named therein, to Deutsche Bank Trust Company Americas, as Agent. Initially capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Security Agreement or the Indenture. The undersigned hereby agrees that the additional interests listed on this Pledged Interests Addendum as set forth below shall be and become part of the Pledged Interests pledged by the undersigned to the Agent in the Security Agreement and any pledged company set forth on this Pledged Interests Addendum as set forth below shall be and become a “Pledged Company” under the Security Agreement, each with the same force and effect as if originally named therein.
The validity of this Pledged Interests Addendum, the construction, interpretation and enforcement hereof, and the rights of the parties hereto with respect to all matters arising hereunder or related hereto shall be determined under, governed by and construed in accordance with the laws of the State of New York.
The undersigned hereby certifies that the representations and warranties set forth in Section 5 of the Security Agreement of the undersigned are true and correct as to the Pledged Interests listed herein on and as of the date hereof.
[ ] | ||
By: |
| |
| ||
Title: |
C-1
PLEDGED INTERESTS ADDENDUM
Name of Grantor |
Name of Pledged |
Number of |
Class of |
Percentage of |
Certificate | |||||
C-2
PLEDGED INTERESTS ADDENDUM
EXHIBIT D
TRADEMARK SECURITY AGREEMENT
This TRADEMARK SECURITY AGREEMENT (this “Trademark Security Agreement”) is made this day of , 20 , among Grantors listed on the signature pages hereof (collectively, jointly and severally, “Grantors” and each individually “Grantor”), and Deutsche Bank Trust Company Americas, in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, “Agent”).
W I T N E S S E T H:
WHEREAS, pursuant to that certain Indenture, dated as of December 17, 2009 (the “Indenture”) the Issuers are issuing $220,000,000 aggregate principal amount of 7.75% Senior Secured Notes due 2015 (together with any Additional Notes and Exchange Notes, the “Notes”);
WHEREAS, the Noteholders are willing to purchase the Notes, but only upon the condition, among others, that the Grantor shall have executed and delivered to the Agent, for the benefit of the Secured Parties, that certain Security Agreement, dated as of December 17, 2009 (including all annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Security Agreement”); and
WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to Agent, for the benefit of the Secured Parties, this Trademark Security Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows:
1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have the meanings given to them in the Security Agreement or the Indenture.
2. GRANT OF SECURITY INTEREST IN TRADEMARK COLLATERAL. Each Grantor hereby grants to Agent, for the benefit of the Secured Parties, a continuing third priority (subject to Permitted Collateral Liens) security interest in all of such Grantor’s right, title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Trademark Collateral”):
(a) all of its Trademarks (other than intent-to-use applications to which no verified statement of use has been filed) and Trademark Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto, subject to the last paragraph of Section 2 of the Security Agreement;
(b) all goodwill of the business connected with the use of, and symbolized by, each Trademark and each Trademark Intellectual Property License; and
(c) all products and proceeds of the foregoing, including any claim by such Grantor against third parties for past, present or future (i) infringement or dilution of any Trademark or any Trademark licensed under any Intellectual Property License or (ii) injury to the goodwill associated with any Trademark or any Trademark licensed under any Intellectual Property License.
D-1
3. SECURITY FOR OBLIGATIONS. This Trademark Security Agreement and the Security Interest created hereby secures the payment and performance of all the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Trademark Security Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by Grantors, or any of them, to Agent, the Secured Parties, or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor.
4. SECURITY AGREEMENT. The security interests granted pursuant to this Trademark Security Agreement are granted in conjunction with the security interests granted to Agent, for the benefit of the Secured Parties, pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.
5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new trademarks, the provisions of this Trademark Security Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Agent with respect to any such new trademarks or renewal or extension of any trademark registration. Without limiting Grantors’ obligations under this Section, Grantors hereby authorize Agent unilaterally to modify this Agreement by amending Schedule I to include any such new trademark rights of Grantors. Notwithstanding the foregoing, no failure to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I.
6. COUNTERPARTS. This Trademark Security Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Trademark Security Agreement or any other Security Document in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by e-mail transmission shall be deemed an original signature hereto.
7. CONSTRUCTION. Unless the context of this Trademark Security Agreement or any other Security Document clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Trademark Security Agreement or any other Security Document refer to this Trademark Security Agreement or such other Security Document, as the case may be, as a whole and not to any particular provision of this Trademark Security Agreement or such other Security Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Trademark Security Agreement or in any other Security Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein or in any other Security Document to the satisfaction or repayment in full of the Obligations shall mean the repayment in full in cash of all Obligations other than unasserted contingent indemnification Obligations that are not required by the provisions of the Indenture to be repaid. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in any other Security Document shall be satisfied by the transmission of a Record and any Record so transmitted shall constitute a representation and warranty as to the accuracy and completeness of the information contained therein.
D-2
[signature page follows]
D-3
IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.
| ||
By: |
| |
Name: | ||
Title: | ||
| ||
By: |
| |
Name: | ||
Title: | ||
ACCEPTED AND ACKNOWLEDGED BY: | ||
DEUTSCHE BANK TRUST COMPANY | ||
AMERICAS, as Agent | ||
By: | Deutsche Bank National Trust Company | |
By: |
| |
Name: | ||
Title: | ||
By: |
| |
Name: | ||
Title: |
TRADEMARK SECURITY AGREEMENT
SCHEDULE I
to
TRADEMARK SECURITY AGREEMENT
Trademark Registrations/Applications
Grantor |
Country |
Xxxx |
Application/ |
App/Reg Date | ||||
Trade Names
Common Law Trademarks
Trademarks Not Currently In Use
Trademark Licenses
Sched. I-1
EXHIBIT E TO
SECURITY AGREEMENT
FORM OF ADDITIONAL PARI PASSU JOINDER AGREEMENT
The undersigned is the agent for Persons wishing to become “Secured Parties” (the “New Secured Parties”) under the Security Agreement, dated as of December 17, 2009 (as amended and/or supplemented, the “Security Agreement” (terms used without definition herein have the meanings assigned to such terms by the Security Agreement)) among the Issuers, the other Grantors party thereto and Deutsche Bank Trust Company Americas, as agent (the “Agent”).
In consideration of the foregoing, the undersigned hereby:
(i) represents that it has been authorized by the New Secured Parties to become a party to the Security Agreement on behalf of the New Secured Parties under that [DESCRIBE OPERATIVE AGREEMENT] (the “New Secured Obligations”) and to act as the Additional Pari Passu Agent for the New Secured Parties hereunder;
(ii) acknowledges that the New Secured Parties have received a copy of the Security Agreement and the Intercreditor Agreement;
(iii) irrevocably appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers under the Security Agreement and the other Security Documents as are delegated to the Agent by the terms thereof, together with all such powers as are reasonably incidental thereto; and
(iv) accepts and acknowledges the terms of the Security Agreement and Intercreditor Agreement applicable to it and the New Secured Parties and agrees to serve as Additional Pari Passu Agent for the New Secured Parties with respect to the New Secured Obligations and agrees on its own behalf and on behalf of the New Secured Parties to be bound by the terms of the Security Agreement, the other Security Documents and the Intercreditor Agreement applicable to holders of Obligations, with all the rights and obligations of a Secured Party thereunder and bound by all the provisions thereof as fully as if it had been a Secured Party on the effective dates of the Security Agreement and the Intercreditor Agreement.
The name and address of the representative for purposes of Section 7.02 of the Security Agreement are as follows:
[name and address of Additional Pari Passu Agent]
The Agent, by acknowledging and agreeing to this Additional Pari Passu Joinder Agreement, accepts the appointment set forth in clause (iii) above.
THIS ADDITIONAL PARI PASSU JOINDER AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK
Sched. I-1
IN WITNESS WHEREOF, the undersigned has caused this Additional Pari Passu Joinder Agreement to be duly executed by its authorized officer as of the day of 20 .
[NAME] | ||||||
By: |
| |||||
Name: | ||||||
Title: | ||||||
Acknowledged and Agreed | ||||||
Deutsche Bank Trust Company Americas, | ||||||
as Agent | ||||||
By: |
|
|||||
Name: | ||||||
Title: | ||||||
[ ] a [ ] | ||||||
[ ] a [ ] each as Grantor |
||||||
By: |
|
|||||
Name: | ||||||
Title: |
TRADEMARK SECURITY AGREEMENT