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EXHIBIT 10.3
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TRADEMARK SECURITY AGREEMENT
This TRADEMARK SECURITY AGREEMENT ("Agreement") is made this 8th day of
October, 1996, by and between Biopure Corporation, a Delaware corporation,
having its principal office at 00 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000
("Grantor"), and Pharmacia & Upjohn, Inc., a Delaware corporation, having its
principal office at 0000 Xxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxx 00000 ("Grantee").
WHEREAS, Grantor is the owner of the U.S. trademark registrations
listed on the attached Schedule A (collectively the "Marks");
WHEREAS, Grantee has extended a loan to Grantor pursuant to the
terms and conditions of that certain Promissory Note dated the date hereof
("Note") made by Grantor in favor of Grantee;
WHEREAS, under a Security Agreement dated the date hereof ("Security
Agreement") between Grantor and Grantee, Grantor has granted to Grantee a
security interest in certain of its assets (including the Marks and the goodwill
associated therewith) to secure the performance of the obligations of Grantor
under the Note; and
WHEREAS, Grantor and Grantee by this instrument seek to confirm and
make a record of the grant of a security interest in the Marks and the goodwill
associated therewith;
NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, Grantor does hereby acknowledge that
it has granted to Grantee a security interest in all of Grantor's right, title
and interest in, to, and under the Marks and the goodwill associated therewith.
Grantor also acknowledges and confirms that the rights and remedies of Grantee
with respect to the security interests in the Marks granted hereby are more
fully set forth in the Note and the Security Agreement, the terms and provisions
of which are incorporated herein by reference.
BIOPURE CORPORATION PHARMACIA & UPJOHN, INC.
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx Name:
Title: V.P.-Finance Title:
STATE OF Massachusetts )
------------- ) SS:
COUNTY OF Middlesex )
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Subscribed and sworn to this 7th day of October, 1996.
/s/ Xxxxx X. Xxxxxx
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Notary Public
My Commission Expires: Jan 4, 2002
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SCHEDULE A
Federal Trademark Registrations
XXXX REG. NO. REG. DATE
---- -------- ---------
BIOPURE 1,362,777 October 1, 1985
HEMOPURE 1,509,885 October 25, 1988
OXYGLOBIN 1,507,754 Xxxxxxx 00, 0000
XXXXXXX 1,572,797 December 26, 1989
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