EXECUTION COPY
SECURITY AGREEMENT
Dated June 28, 2004
From
The Grantors referred to herein
as Grantors
to
BANK OF AMERICA, N.A.,
as Collateral Agent
T A B L E O F C O N T E N T S
SECTION PAGE
Section 1. Grant of Security............................................................................2
Section 2. Security for Obligations.....................................................................7
Section 3. Grantors Remain Liable.......................................................................7
Section 4. Delivery and Control of Security Collateral..................................................8
Section 5. Maintaining the Account Collateral...........................................................9
Section 6. Investing of Amounts in the L/C Collateral Account..........................................11
Section 7. Release of Amounts..........................................................................11
Section 8. Maintaining Electronic Chattel Paper, Transferable Records and Letter-of-Credit Rights
and Giving Notice of Commercial Tort Claims.................................................11
Section 9. Representations and Warranties..............................................................12
Section 10. Further Assurances..........................................................................17
Section 11. As to Equipment and Inventory...............................................................19
Section 12. Insurance...................................................................................19
Section 13. Post-Closing Changes; Bailees; Collections on Assigned Agreements, Receivables and
Related Contracts...........................................................................20
Section 14. As to Intellectual Property Collateral......................................................22
Section 15. Voting Rights; Dividends; Etc...............................................................23
Section 16. As to the Assigned Agreements...............................................................25
Section 17. As to Letter-of-Credit Rights...............................................................25
Section 18. Transfers and Other Liens; Additional Shares................................................25
Section 19. Collateral Agent Appointed Attorney-in-Fact.................................................26
Section 20. Collateral Agent May Perform................................................................26
Section 21. The Collateral Agent's Duties...............................................................26
Section 22. Remedies....................................................................................27
Section 23. Indemnity and Expenses......................................................................29
Section 24. Amendments; Waivers; Additional Grantors; Etc...............................................30
Section 25. Notices, Etc................................................................................30
Section 26. Continuing Security Interest; Assignments under the Credit Agreement........................31
Section 27. Release; Termination........................................................................31
Section 28. Execution in Counterparts...................................................................32
Section 29. The Mortgages...............................................................................32
Section 30. Governing Law...............................................................................32
Schedules I - Location, Chief Executive Office, Place Where Agreements Are Maintained, Type Of
Organization, Jurisdiction Of Organization And Organizational Identification Number
Schedule II - Pledged Equity and Pledged Debt
Schedule III - Assigned Agreements
Schedule IV - Locations of Equipment and Inventory
Schedule V - Changes in Name, Location, Etc.
Schedule VI - Patents, Trademarks and Trade Names, Copyrights and IP Agreements
Schedule VII - Account Collateral
Schedule VIII - Account Collateral not Subject to Account Control Agreement
Schedule IX - Commercial Tort Claims
Schedule X - Letters of Credit
Exhibits
Exhibit A - Form of Security Agreement Supplement
Exhibit B - Form of Account Control Agreement (Deposit Account/Securities
Account)
Exhibit C - Form of Securities Account Control Agreement
Exhibit D - Form of Intellectual Property Security Agreement
Exhibit E - Form of Intellectual Property Security Agreement Supplement
Exhibit F - Form of Consent to Assignment of Letter of Credit Rights
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SECURITY AGREEMENT
SECURITY AGREEMENT dated June 28, 2004 made by Ames True
Temper, Inc., a Delaware corporation (the "BORROWER"), the other Persons listed
on the signature pages hereof and the Additional Grantors (as defined in Section
24) (the Borrower, the Persons so listed and the Additional Grantors being,
collectively, the "GRANTORS"), to Bank of America, N.A., as collateral agent (in
such capacity, together with any successor collateral agent appointed pursuant
to Article X of the Credit Agreement (as hereinafter defined), the "COLLATERAL
AGENT") for the Secured Parties (as defined in the Credit Agreement).
PRELIMINARY STATEMENTS.
(1) The Borrower has entered into a Credit Agreement dated as
of June 28, 2004 (said Agreement, as it may hereafter be amended, amended and
restated, supplemented or otherwise modified from time to time, being the
"CREDIT AGREEMENT") with ATT Holdings Co., a Delaware corporation, as Guarantor,
the Lenders and the Agents (each as defined therein).
(2) Pursuant to the Credit Agreement, the Grantors are
entering into this Agreement in order to grant to the Collateral Agent for the
ratable benefit of the Secured Parties a security interest in the Collateral (as
hereinafter defined).
(3) Each Grantor is the owner of (a) the shares of stock or
other Equity Interests (the "INITIAL PLEDGED EQUITY") set forth opposite such
Grantor's name on and as otherwise described in Part I of Schedule II hereto and
issued by the Persons named therein and (b) the indebtedness (the "INITIAL
PLEDGED DEBT") set forth opposite such Grantor's name on and as otherwise
described in Part II of Schedule II hereto and issued by the obligors named
therein.
(4) The Borrower has security entitlements (the "PLEDGED
SECURITY ENTITLEMENTS") with respect to all the financial assets (the "PLEDGED
FINANCIAL ASSETS") credited from time to time to the Borrower's account, Account
No. 2000011218384 (the "SECURITIES ACCOUNT"), with Wachovia Bank, National
Association at its office at 600 Penn Street, Third Floor, Reading, Pennsylvania
19603.
(5) The Borrower has opened a cash concentration deposit
account, Account No. 2000590001449 (the "CASH CONCENTRATION ACCOUNT"), with
Wachovia Bank, National Association at its office at 600 Penn Street, Third
Floor, Reading, Pennsylvania, 19603, in the name of the Borrower.
(6) The Borrower has opened other deposit accounts (the "OTHER
DEPOSIT ACCOUNTS") with banks, in the name of the Borrower and subject to the
terms of this Agreement, as described in Schedule VII hereto.
(7) The Borrower is the beneficiary under certain letters of
credit as described in Schedule X.
(8) It is a condition precedent to the making of Loans by the
Lenders and the issuance of Letters of Credit by the L/C Issuer under the Credit
Agreement and the entry into
Secured Hedge Agreements by the Hedge Banks from time to time that the Grantors
shall have granted the assignment and security interest and made the pledge and
assignment contemplated by this Agreement.
(9) Each Grantor will derive substantial direct and indirect
benefit from the transactions contemplated by the Loan Documents.
(10) Terms defined in the Credit Agreement and not otherwise
defined in this Agreement are used in this Agreement as defined in the Credit
Agreement. Further, unless otherwise defined in this Agreement or in the Credit
Agreement, terms defined in Article 8 or 9 of the UCC (as defined below) and/or
in the Federal Book Entry Regulations (as defined below) are used in this
Agreement as such terms are defined in such Article 8 or 9 and/or the Federal
Book Entry Regulations. "UCC" means the Uniform Commercial Code as in effect,
from time to time, in the State of New York; provided that, if perfection or the
effect of perfection or non-perfection or the priority of any security interest
in any Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of New York, "UCC" means the Uniform
Commercial Code as in effect from time to time in such other jurisdiction for
purposes of the provisions hereof relating to such perfection, effect of
perfection or non-perfection or priority. The term "FEDERAL BOOK ENTRY
REGULATIONS" means (a) the federal regulations contained in Subpart B
("Treasury/Reserve Automated Debt Entry System (TRADES)") governing book-entry
securities consisting of U.S. Treasury bonds, notes and bills and Subpart D
("ADDITIONAL PROVISIONS") of 31 C.F.R. Part 357, 31 C.F.R. ss. 357.2, ss. 357.10
through ss. 357.14 and ss. 357.41 through ss. 357.44 and (b) to the extent
substantially identical to the federal regulations referred to in clause (a)
above (as in effect from time to time), the federal regulations governing other
book-entry securities.
NOW, THEREFORE, in consideration of the premises and in order
to induce the Lenders to make Loans and the L/C Issuer to issue Letters of
Credit under the Credit Agreement and to induce the Hedge Banks to enter into
Secured Hedge Agreements from time to time, each Grantor hereby agrees with the
Collateral Agent for the ratable benefit of the Secured Parties as follows:
Section 1. Grant of Security. Each Grantor hereby grants to
the Collateral Agent, for the ratable benefit of the Secured Parties, a security
interest in, such Grantor's right, title and interest in and to the following,
in each case, as to each type of property described below, whether now owned or
hereafter acquired by such Grantor, wherever located, and whether now or
hereafter existing or arising (collectively, the "COLLATERAL"):
(a) all equipment in all of its forms, including, without
limitation, all machinery, tools, motor vehicles, vessels, aircraft,
furniture and fixtures, and all parts thereof and all accessions
thereto and all software related thereto, including, without
limitation, software that is embedded in and is part of the equipment
(any and all such property being the "EQUIPMENT");
(b) all inventory in all of its forms, including, without
limitation, (i) all raw materials, work in process, finished goods and
materials used or consumed in the manufacture, production, preparation
or shipping thereof, (ii) goods in which such
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Grantor has an interest in mass or a joint or other interest or right
of any kind (including, without limitation, goods in which such Grantor
has an interest or right as consignee) and (iii) goods that are
returned to or repossessed or stopped in transit by such Grantor), and
all accessions thereto and products thereof and documents therefor, and
all software related thereto, including, without limitation, software
that is embedded in and is part of the inventory (any and all such
property being the "INVENTORY");
(c) all accounts (including, without limitation,
health-care-insurance receivables), chattel paper (including, without
limitation, tangible chattel paper and electronic chattel paper),
instruments (including, without limitation, promissory notes), deposit
accounts, letter-of-credit rights, general intangibles (including,
without limitation, payment intangibles) and other obligations of any
kind, whether or not arising out of or in connection with the sale or
lease of goods or the rendering of services and whether or not earned
by performance, and all rights now or hereafter existing in and to all
supporting obligations and in and to all security agreements,
mortgages, Liens, leases, letters of credit and other contracts
securing or otherwise relating to the foregoing property (any and all
of such accounts, chattel paper, instruments, deposit accounts,
letter-of-credit rights, general intangibles and other obligations, to
the extent not referred to in clause (d), (e) or (f) below, being the
"RECEIVABLES", and any and all such supporting obligations, security
agreements, mortgages, Liens, leases, letters of credit and other
contracts being the "RELATED CONTRACTS");
(d) the following (the "SECURITY COLLATERAL"):
(i) the Initial Pledged Equity and the certificates, if
any, representing the Initial Pledged Equity, and all
dividends, distributions, return of capital, cash, instruments
and other property from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or
all of the Initial Pledged Equity and all subscription
warrants, rights or options issued thereon or with respect
thereto;
(ii) the Initial Pledged Debt and the instruments, if
any, evidencing the Initial Pledged Debt, and all interest,
cash, instruments and other property from time to time
received, receivable or otherwise distributed in respect of or
in exchange for any or all of the Initial Pledged Debt;
(iii) all additional shares of stock and other Equity
Interests from time to time acquired by such Grantor in any
manner (such shares and other Equity Interests, together with
the Initial Pledged Equity, being the "PLEDGED EQUITY"), and
the certificates, if any, representing such additional shares
or other Equity Interests, and all dividends, distributions,
return of capital, cash, instruments and other property from
time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such shares or
other Equity Interests and all subscription warrants, rights
or options issued thereon or with respect thereto; provided
however, that none of the Grantors shall be required to pledge
(and the Grantors shall be deemed not to have pledged, and
such capital stock and other Equity Interests shall not be
deemed to constitute "Security Collateral" or
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"Pledged Equity") any capital stock or other equity interest
in any Subsidiary of such Grantor that is not organized under
the laws of any state of the United States of America or the
District of Columbia that constitutes a "controlled foreign
corporation" under Section 957 of the Internal Revenue Code of
1986, as amended from time to time, (a "CFC") owned or
otherwise held thereby which, when aggregated with all of the
other capital stock or other equity interests in such CFC
pledged by such Grantor and the other Grantors, would result
in more than 66% of the capital stock or other equity
interests in such CFC entitled to vote (within the meaning of
Treasury Regulation Section 1.956-2(c)(2) promulgated under
the Internal Revenue Code) (the "VOTING EQUITY INTERESTS")
being pledged to the Collateral Agent, on behalf of the
Secured Parties, under this Agreement (although all of the
capital stock or other equity interests in such CFC not
entitled to vote (within the meaning of Treasury Regulation
Section 1.956-2(c)(2) promulgated under the Internal Revenue
Code) (the "NON-VOTING EQUITY INTERESTS") shall be pledged by
each of the Grantors that owns or otherwise holds any such
Non-Voting Equity Interest therein); provided that, if such
CFC ceases to constitute a "controlled foreign corporation"
under Section 957 of the Internal Revenue Code, as amended
from time to time, or if, as a result of any change in the tax
laws of the United States of America after the date of this
Agreement, the pledge by such Grantor of any additional
capital stock or other equity interests in any such CFC to the
Collateral Agent, on behalf of the Secured Parties, under this
Agreement would not result in an increase in the aggregate net
consolidated tax liabilities of such Grantor, then, promptly
after the change in such laws, all such additional capital
stock or other equity interests shall be so pledged forthwith
under this Agreement;
(iv) all additional indebtedness from time to time owed
to such Grantor (such indebtedness, together with the Initial
Pledged Debt, being the "PLEDGED DEBT"; and, such Pledged
Debt, together with the Pledged Equity, the "PLEDGED
INTERESTS") and the instruments, if any, evidencing such
indebtedness, and all interest, cash, instruments and other
property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of
such indebtedness;
(v) the Securities Account, all Pledged Security
Entitlements with respect to all Pledged Financial Assets from
time to time credited to the Securities Account, and all
Pledged Financial Assets, and all dividends, distributions,
return of capital, interest, cash, instruments and other
property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of
such Pledged Security Entitlements or such Pledged Financial
Assets and all subscription warrants, rights or options issued
thereon or with respect thereto;
(vi) subject to the first proviso in clause (d)(iii)
above, all other investment property (including, without
limitation, all (A) securities, whether certificated or
uncertificated, (B) security entitlements, (C) securities
accounts, (D) commodity contracts and (E) commodity accounts)
in which such Grantor has now, or acquires from time to time
hereafter, any right, title or interest in any
4
manner, and the certificates or instruments, if any,
representing or evidencing such investment property, and all
dividends, distributions, return of capital, interest,
distributions, value, cash, instruments and other property
from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of
such investment property and all subscription warrants, rights
or options issued thereon or with respect thereto;
(e) each of the agreements listed on Schedule III hereto, the
IP Agreements (as hereinafter defined), and each Hedge Agreement to
which such Grantor is now or may hereafter become a party, in each case
as such agreements may be amended, amended and restated, supplemented
or otherwise modified from time to time (collectively, the "ASSIGNED
AGREEMENTS"), including, without limitation, (i) all rights of such
Grantor to receive moneys due and to become due under or pursuant to
the Assigned Agreements, (ii) all rights of such Grantor to receive
proceeds of any insurance, indemnity, warranty or guaranty with respect
to the Assigned Agreements, (iii) claims of such Grantor for damages
arising out of or for breach of or default under the Assigned
Agreements and (iv) the right of such Grantor to terminate the Assigned
Agreements, to perform thereunder and to compel performance and
otherwise exercise all remedies thereunder (all such Collateral being
the "AGREEMENT COLLATERAL");
(f) the following (collectively, the "ACCOUNT COLLATERAL"):
(i) the L/C Collateral Account (as hereafter defined),
the Cash Concentration Account and the Other Deposit Accounts
and all funds and financial assets from time to time credited
thereto (including, without limitation, all Cash Equivalents),
all interest, dividends, distributions, cash, instruments and
other property from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or
all of such funds and financial assets, and all certificates
and instruments, if any, from time to time representing or
evidencing the L/C Collateral Account, the Cash Concentration
Account and the Other Deposit Accounts;
(ii) all promissory notes, certificates of deposit,
deposit accounts, checks and other instruments from time to
time delivered to or otherwise possessed by the Collateral
Agent for or on behalf of such Grantor, including, without
limitation, those delivered or possessed in substitution for
or in addition to any or all of the then existing Account
Collateral; and
(iii) all interest, dividends, distributions, cash,
instruments and other property from time to time received,
receivable or otherwise distributed in respect of or in
exchange for any or all of the then existing Account
Collateral; and
(g) the following (collectively, the "INTELLECTUAL PROPERTY
COLLATERAL"):
(i) all patents, patent applications, utility models and
statutory invention registrations, all inventions claimed or
disclosed therein and all improvements thereto ("PATENTS");
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(ii) all trademarks, service marks, any trademark rights
in domain names (but excluding the registration for the domain
name) trade dress, logos, designs, slogans, trade names,
business names, corporate names and other source identifiers,
whether registered or unregistered (provided that no security
interest shall be granted in United States intent-to-use
trademark applications to the extent that, and solely during
the period in which, the grant of a security interest therein
would impair the validity or enforceability of such
intent-to-use trademark applications under applicable federal
law), together, in each case, with the goodwill symbolized
thereby ("TRADEMARKS");
(iii) all copyrights, including, without limitation,
copyrights in Computer Software (as hereinafter defined),
internet web sites and the content thereof, whether registered
or unregistered ("COPYRIGHTS");
(iv) all computer software, programs and databases
(including, without limitation, source code, object code and
all related applications and data files), firmware and
documentation and materials relating thereto, together with
any and all maintenance rights, service rights, programming
rights, hosting rights, test rights, improvement rights,
renewal rights and indemnification rights and any
substitutions, replacements, improvements, error corrections,
updates and new versions of any of the foregoing ("COMPUTER
SOFTWARE");
(v) all confidential and proprietary information,
including, without limitation, know-how, trade secrets,
manufacturing and production processes and techniques,
inventions, research and development information, databases
and data, including, without limitation, technical data,
financial, marketing and business data, pricing and cost
information, business and marketing plans and customer and
supplier lists and information (collectively, "TRADE
SECRETS"), and all other intellectual, industrial and
intangible property of any type, including, without
limitation, industrial designs and mask works;
(vi) all registrations and applications for registration
for any of the foregoing, including, without limitation, those
registrations and applications for registration set forth in
Schedule VI hereto (as such Schedule VI may be supplemented
from time to time by supplements to this Agreement, each such
supplement being substantially in the form of Exhibit E hereto
(an "IP SECURITY AGREEMENT SUPPLEMENT") executed by such
Grantor to the Collateral Agent from time to time), together
with all reissues, divisions, continuations,
continuations-in-part, extensions, renewals and reexaminations
thereof;
(vii) all tangible embodiments of the foregoing, all
rights in the foregoing provided by international treaties or
conventions, all rights corresponding thereto throughout the
world and all other rights of any kind whatsoever of such
Grantor accruing thereunder or pertaining thereto;
(viii) all agreements, permits, consents, orders and
franchises relating to the license, development, use or
disclosure of any of the foregoing to which such
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Grantor, now or hereafter, is a party or a beneficiary,
including, without limitation, the agreements set forth in
Schedule VI hereto ("IP AGREEMENTS"); and
(ix) any and all claims for damages and injunctive relief
for past, present and future infringement, dilution,
misappropriation, violation, misuse or breach with respect to
any of the foregoing, with the right, but not the obligation,
to sue for and collect, or otherwise recover, such damages;
(h) all commercial tort claims described in Schedule IX hereto
(collectively the "COMMERCIAL TORT CLAIMS COLLATERAL");
(i) all books and records (including, without limitation,
customer lists, credit files, printouts and other computer output
materials and records) of such Grantor pertaining to any of the
Collateral; and
(j) all proceeds of, collateral for, income, royalties and
other payments now or hereafter due and payable with respect to, and
supporting obligations relating to, any and all of the Collateral
(including, without limitation, proceeds, collateral and supporting
obligations that constitute property of the types described in clauses
(a) through (i) of this Section 1 and this clause (j)) and, to the
extent not otherwise included, all (A) payments under insurance
(whether or not the Collateral Agent is the loss payee thereof), or any
indemnity, warranty or guaranty, payable by reason of loss or damage to
or otherwise with respect to any of the foregoing Collateral, (B) tort
claims, including, without limitation, all commercial tort claims and
(C) cash.
(k) Notwithstanding anything herein to the contrary, in no
event shall the security interest granted under this Section 1 hereof
attach to (x) any lease, license, contract, property rights or
agreement to which any Grantor is a party or any of its rights or
interests thereunder if and for so long as (but only for so long as)
the grant of such security interest shall (I) give any other party to
such lease, license, contract, property rights or agreement the right
to terminate its obligations thereunder, (II) constitute or result in
the abandonment, invalidation or unenforceability of any right, title
or interest of any Grantor therein or (III) constitute or result in a
breach or termination pursuant to the terms of, or a default under, any
such lease, license, contract property rights or agreement (other than
to the extent that any such term would be rendered ineffective pursuant
to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor
provision or provisions); or (y) in any of the outstanding Voting
Foreign Stock of a Foreign Subsidiary in excess of 66% of the Voting
Foreign Stock of such Foreign Subsidiary.
Section 2. Security for Obligations. This Agreement secures,
in the case of each Grantor, the payment of all Obligations of such Grantor now
or hereafter existing under the Loan Documents, whether direct or indirect,
absolute or contingent, and whether for principal, reimbursement obligations,
interest, fees, premiums, penalties, indemnifications, contract causes of
action, costs, expenses or otherwise (all such Obligations being the "SECURED
OBLIGATIONS").
Section 3. Grantors Remain Liable. Anything herein to the
contrary notwithstanding, (a) each Grantor shall remain liable under the
contracts and agreements
7
included in such Grantor's Collateral to the extent set forth therein to perform
all of its duties and obligations thereunder to the same extent as if this
Agreement had not been executed, (b) the exercise by the Collateral Agent of any
of the rights hereunder shall not release any Grantor from any of its duties or
obligations under the contracts and agreements included in the Collateral and
(c) no Secured Party shall have any obligation or liability under the contracts
and agreements included in the Collateral by reason of this Agreement or any
other Loan Document, nor shall any Secured Party be obligated to perform any of
the obligations or duties of any Grantor thereunder or to take any action to
collect or enforce any claim for payment assigned hereunder.
Section 4. Delivery and Control of Security Collateral. (a)
All certificates or instruments representing or evidencing Security Collateral
other than Pledged Debt in an aggregate principal amount of less than $500,000
shall be delivered to and held by or on behalf of the Collateral Agent pursuant
hereto and shall be in suitable form for transfer by delivery, or shall be
accompanied by duly executed instruments of transfer or assignment in blank, all
in form and substance satisfactory to the Collateral Agent. During the
continuation of an Event of Default, the Collateral Agent shall have the right,
at any time in its discretion and with notice to any Grantor, to (i) transfer to
or to register in the name of the Collateral Agent or any of its nominees any or
all of the Security Collateral, subject only to the revocable rights specified
in Section 15(a), (ii) exchange certificates or instruments representing or
evidencing Security Collateral for certificates or instruments of smaller or
larger denominations, and (iii) convert Security Collateral consisting of
financial assets credited to the Securities Account to Security Collateral
consisting of financial assets held directly by the Collateral Agent, and to
convert Security Collateral consisting of financial assets held directly by the
Collateral Agent to Security Collateral consisting of financial assets credited
to the Securities Account.
(b) With respect to any Security Collateral in which any
Grantor has any right, title or interest and that constitutes an uncertificated
security, such Grantor will cause the issuer thereof either (i) to register the
Collateral Agent as the registered owner of such security or (ii) to agree in an
authenticated record with such Grantor and the Collateral Agent that upon the
occurrence and during the continuation of an Event of Default, such issuer will
comply with instructions with respect to such security originated by the
Collateral Agent without further consent of such Grantor, such authenticated
record to be in form and substance satisfactory to the Collateral Agent;
provided, that such instructions shall be withdrawn in the event such Event of
Default is no longer continuing. With respect to any Security Collateral in
which any Grantor has any right, title or interest and that is not an
uncertificated security, upon the request of the Collateral Agent upon the
occurrence and during the continuance of an Event of Default, such Grantor will
notify each such issuer of Pledged Equity that such Pledged Equity is subject to
the security interest granted hereunder.
(c) With respect to any Security Collateral in which any
Grantor has any right, title or interest and that constitutes a security
entitlement in which the Collateral Agent is not the entitlement holder, such
Grantor will cause the securities intermediary with respect to such security
entitlement either (i) to identify in its records the Collateral Agent as the
entitlement holder of such security entitlement against such securities
intermediary or (ii) to agree in an authenticated record with such Grantor and
the Collateral Agent that upon the occurrence and during the continuation of an
Event of Default such securities intermediary will comply with entitlement
orders (that is, notifications communicated to such securities
8
intermediary directing transfer or redemption of the financial asset to which
such Grantor has a security entitlement) originated by the Collateral Agent
without further consent of such Grantor, such authenticated record to be in
substantially the form of Exhibit C hereto or otherwise in form and substance
reasonably satisfactory to the Collateral Agent (such agreement being a
"SECURITIES ACCOUNT CONTROL AGREEMENT").
(d) No Grantor will change or add any securities intermediary
that maintains any securities account in which any of the Collateral is credited
or carried, or change or add any such securities account, in each case without
first complying with the above provisions of this Section 4 in order to perfect
the security interest granted hereunder in such Collateral.
(f) Upon the request of the Collateral Agent upon the
occurrence and during the continuance of an Event of Default, such Grantor will
notify each such issuer of Pledged Debt that such Pledged Debt is subject to the
security interest granted hereunder.
Section 5. Maintaining the Account Collateral. So long as any
Loan or any other accrued Obligation of any Loan Party under any Loan Document
shall remain unpaid, any Letter of Credit shall be outstanding and not Cash
Collateralized, any Secured Hedge Agreement shall be in effect or any Lender
Party shall have any Commitment:
(a) Commencing on the date that is 90 days following the
Closing Date (unless such date is extended by the Administrative Agent
in accordance with Section 6.21 of the Credit Agreement), each Grantor
will maintain all Account Collateral only with the Collateral Agent or
with banks (the "PLEDGED ACCOUNT BANKS") that have agreed, in a record
authenticated by the Grantor, the Collateral Agent and the Pledged
Account Banks, to (i) upon (x) the occurrence and during the
continuation of (A) an Event of Default under Section 9.01(a) of the
Credit Agreement, or (B) a Default under Section 9.01(f) or (g) of the
Credit Agreement, or (y) any action taken by the Administrative Agent
pursuant to Section 9.02(b) of the Credit Agreement (a "SPECIFIED
DEFAULT"), comply with instructions originated by the Collateral Agent
directing the disposition of funds in the Account Collateral without
the further consent of the Grantor and (ii) waive or subordinate in
favor of the Collateral Agent all claims of the Pledged Account Banks
(including, without limitation, claims by way of a security interest,
lien or right of setoff or right of recoupment) to the Account
Collateral, which authenticated record shall be substantially in the
form of Exhibit B hereto, or shall otherwise be in form and substance
reasonably satisfactory to the Collateral Agent (the "ACCOUNT CONTROL
AGREEMENT"); provided, however, this Section 5(a) shall not apply to
(i) Other Deposit Accounts listed in Schedule VIII hereto (the
"EXCLUDED ACCOUNTS"), and (ii) Other Deposit Accounts to the extent the
aggregate average daily balance of cash and Cash Equivalents held in
all such Other Deposit Accounts in aggregate, as determined on a
monthly basis, does not exceed $200,000.
(b) Each Grantor will upon the occurrence and during the
continuation of a Specified Default, upon the written request of the
Collateral Agent, (i) immediately instruct each Person obligated at any
time to make any payment to such Grantor for any reason (an "OBLIGOR")
to make such payment to an Other Deposit Account or the Cash
Concentration Account and (ii) deposit in an Other Deposit Account or
the Cash
9
Concentration Account or pay to the Collateral Agent for deposit in the
Cash Concentration Account or an Other Deposit Account, at the end of
each Business Day, all proceeds of Collateral and all other cash of
such Grantor.
(c) Each Grantor agrees that it will not add any bank that
maintains a deposit account for such Grantor or open any new deposit
account with any then existing Pledged Account Bank unless (i) the
Collateral Agent shall have received at least 10 days' prior written
notice of such additional bank or such new deposit account and (ii)
subject to clause (a) above the Collateral Agent shall have received,
in the case of a bank or Pledged Account Bank that is not the
Collateral Agent, an Account Control Agreement authenticated by such
new bank and such Grantor, or a supplement to an existing Account
Control Agreement with such then existing Pledged Account Bank,
covering such new deposit account (and, upon the receipt by the
Collateral Agent of such Account Control Agreement or supplement,
Schedule VII hereto shall be automatically amended to include such
Other Deposit Account). Each Grantor agrees that it will not terminate
any bank as a Pledged Account Bank or terminate any Account Collateral,
except that the Grantor may terminate an Other Deposit Account, and
terminate a bank as a Pledged Account Bank with respect to such Other
Deposit Account, if it gives the Collateral Agent at least 5 Business
Days' prior written notice of such termination (and, upon such
termination, Schedule VII hereto shall be automatically amended to
delete such Pledged Account Bank and Other Deposit Account).
(d) Upon any termination by a Grantor of any Other Deposit
Account by such Grantor, or any Pledged Account Bank with respect
thereto, such Grantor will immediately (i) transfer all funds and
property held in such terminated Other Deposit Account to another Other
Deposit Account listed in Schedule VII or to the Cash Concentration
Account and (ii) notify all Obligors that were making payments to such
Other Deposit Account to make all future payments to another Other
Deposit Account listed in Schedule VII hereto or to the Cash
Concentration Account, in each case so that the Collateral Agent shall
have a continuously perfected security interest in such Account
Collateral, funds and property. Each Grantor agrees to terminate any or
all Account Collateral and Account Control Agreements upon request by
the Collateral Agent after a Specified Default has occurred.
(e) So long as no Specified Default shall have occurred and be
continuing, the Borrower may draw checks on, and otherwise withdraw
amounts from, the Account Collateral.
(f) Upon the occurrence and during the continuance of a
Specified Default, the Collateral Agent shall have sole right to direct
the disposition of funds with respect to each of the Cash Concentration
Account, the L/C Collateral Account and the Other Deposit Accounts; and
it shall be a term and condition of each of the Cash Concentration
Account, the L/C Collateral Account and the Other Deposit Accounts,
notwithstanding any term or condition to the contrary in any other
agreement relating to the Cash Concentration Account, the L/C
Collateral Account or the Other Deposit Accounts, as the case may be,
that upon delivery by the Collateral Agent of a written notice of sole
control to a Pledged Account Bank upon the occurrence and during the
continuation of a
10
Specified Default, that no amount (including, without limitation,
interest on Cash Equivalents credited thereto) will be paid or released
to or for the account of, or withdrawn by or for the account of, the
Borrower or any other Person from the Cash Concentration Account, the
L/C Collateral Account or the Other Deposit Accounts, as the case may
be. Notwithstanding anything herein to the contrary, the Collateral
Agent agrees not to (i) provide a notice of sole control to any Pledged
Account Bank, or (ii) direct disposition or non-disposition of any
Account Collateral by any Pledged Account Bank, unless and until a
Specified Default has occurred and is continuing.
(g) Upon the occurrence and during the continuation of a
Specified Default, the Collateral Agent may, at any time and without
notice to, or consent from, the Grantor, (i) transfer, or direct the
transfer of, funds from the Account Collateral to satisfy the Grantor's
obligations under the Loan Documents and (ii) transfer, or direct the
transfer of, funds from the Other Deposit Accounts to the Cash
Concentration Account.
(h) Upon the request by the Collateral Agent at any time or as
otherwise required in order to Cash Collateralize Letters of Credit
pursuant to the Credit Agreement, the Borrower shall immediately open a
letter of credit deposit account (the "L/C COLLATERAL ACCOUNT") with
Bank of America, N.A. in the name of the Collateral Agent and under the
sole control and dominion of the Collateral Agent and subject to this
Agreement.
Section 6. Investing of Amounts in the L/C Collateral Account.
The Collateral Agent will, subject to the provisions of Sections 5, 7 and 22,
from time to time (a) invest amounts received with respect to the L/C Collateral
Account in such Cash Equivalents credited to (A) the L/C Collateral Account, as
the Borrower may select and the Collateral Agent may approve or (B) in the case
of Cash Equivalents consisting of Securities Collateral, a securities account in
which the Collateral Agent is the securities intermediary or a securities
account subject to a Securities Account Control Agreement, and (b) invest
interest paid on the Cash Equivalents referred to in clause (a) above, and
reinvest other proceeds of any such Cash Equivalents that may mature or be sold,
in each case in such Cash Equivalents credited in the same manner. Interest and
proceeds that are not invested or reinvested in Cash Equivalents as provided
above shall be deposited and held in the L/C Collateral Account.
Section 7. Release of Amounts. So long as no Specified Default
shall have occurred and be continuing, the Collateral Agent will pay and release
to the Borrower or at its order or, at the request of the Borrower, to the
Administrative Agent to be applied to the Obligations of the Borrower under the
Loan Documents, such amount, if any, as is then on deposit in the L/C Collateral
Account, to the extent permitted to be released under the terms of the Credit
Agreement.
Section 8. Maintaining Electronic Chattel Paper, Transferable
Records and Letter-of-Credit Rights and Giving Notice of Commercial Tort Claims.
So long as any Loan or any other accrued Obligation of any Loan Party under any
Loan Document shall remain unpaid, any Letter of Credit shall be outstanding and
not Cash Collateralized, any Secured Hedge Agreement shall be in effect or any
Lender shall have any Commitment:
11
(a) Each Grantor will use commercially reasonable efforts to
maintain all letter-of-credit rights assigned to the Collateral Agent
to the extent the face amount of any such letter of credit is greater
than $750,000, including, without limitation, all letter-of-credit
rights associated with such letters of credit described in Schedule X
(with a face amount in excess of $750,000), so that the Collateral
Agent has control of the letter-of-credit rights in the manner
specified in Section 9-107 of the UCC; and
(b) Each Grantor will give notice to the Collateral Agent not
more than three (3) Business Days after any Responsible Officer obtains
actual knowledge of any commercial tort claim for which a complaint
alleging the occurrence of a commercial tort has been filed with a
court of competent jurisdiction, in excess of $250,000 that arises in
the future and will promptly execute or otherwise authenticate a
supplement to this Agreement, and otherwise take all necessary action,
to subject such commercial tort claim to the first priority security
interest created under this Agreement.
Section 9. Representations and Warranties. Each Grantor
represents and warrants as follows:
(a) As of the Closing Date, such Grantor's exact legal name,
as defined in Section 9-503(a) of the UCC, is correctly set forth in
Schedule I hereto. On the Closing Date, such Grantor has only the trade
names, domain names and marks listed on Schedule VI hereto. Such
Grantor is located (within the meaning of Section 9-307 of the UCC) and
has its chief executive office and the office in which it maintains the
original copies of each Assigned Agreement and Related Contract to
which such Grantor is a party and all originals of all chattel paper
that evidence Receivables of such Grantor, in the state or jurisdiction
set forth in Schedule I hereto. As of the Closing Date, the information
set forth in Schedule I hereto with respect to such Grantor is true and
accurate in all material respects. Such Grantor has not previously
changed its name, location, chief executive office, place where it
maintains its agreements, type of organization, jurisdiction of
organization or organizational identification number from those set
forth in Schedule I hereto except as disclosed in Schedule V hereto.
(b) All of the Equipment and Inventory of such Grantor are
located at the places specified therefor in Schedule IV hereto, as such
Schedule IV may be amended from time to time by written notice from a
Grantor to the Collateral Agent pursuant to Section 11(a), other than
(i) Equipment or Inventory with an aggregate value of less than
$500,000, (ii) Inventory in transit, (iii) Equipment or Inventory
transferred pursuant to a Disposition permitted under the Credit
Agreement, (iv) mobile goods, (v) Equipment moved for repair or
refurbishment and (vi) Inventory and Equipment moved for other valid
business purposes in the ordinary course of such Grantor's business.
Within the 4 months preceding the execution of this Agreement, such
Grantor has not previously changed the location of its Equipment and
Inventory except as set forth in Schedule V hereto. As of the Closing
Date, all Security Collateral consisting of certificated securities and
instruments, other than Pledged Debt with an aggregate principal
balance of less than $500,000, have been delivered to the Collateral
Agent. None of the Receivables or Agreement Collateral is evidenced by
a promissory note or other instrument with an
12
aggregate principal balance of $500,000 or more that has not been
delivered to the Collateral Agent.
(c) Such Grantor is the legal and beneficial owner of the
Collateral of such Grantor free and clear of any Lien, claim, option or
right of others, except for the security interest created under this
Agreement or Liens permitted under the Credit Agreement. No effective
financing statement or other instrument similar in effect covering all
or any part of such Collateral or listing such Grantor or any trade
name of such Grantor as debtor is on file in any recording office,
except such as may have been filed in favor of the Collateral Agent
relating to the Loan Documents or as otherwise permitted under the
Credit Agreement.
(d) Such Grantor has exclusive possession and control of the
Equipment and Inventory other than (i) Inventory with an aggregate fair
market value of less than $500,000 stored at any leased premises or
warehouse with respect to which such Grantor has taken all steps set
forth in Section 13(b) and which leased premises or warehouse is so
indicated by an asterisk on Schedule IV hereto, as such Schedule IV may
be amended from time to time by written notice from a Grantor to the
Collateral Agent pursuant to Section 11(a), (ii) Equipment in the
possession and control of a third party for repair or refurbishment,
(iii) Inventory in the possession and control of a third party for
processing, and (iv) Inventory and Equipment moved for other valid
business purposes in the ordinary course of such Grantor's business. In
the case of Equipment and Inventory with an aggregate fair market value
exceeding $500,000, in each case located on leased premises or in
warehouses, no lessor or warehouseman of any premises or warehouse upon
or in which such Equipment or Inventory is located has (i) issued any
warehouse receipt or other receipt in the nature of a warehouse receipt
in respect of any Equipment or Inventory, (ii) issued any document for
any of such Grantor's Equipment or Inventory, (iii) received
notification of any secured party's interest (other than the security
interest granted hereunder) in such Grantor's Equipment or Inventory or
(iv) any Lien, claim or charge (based on contract, statute or
otherwise) on such Equipment and Inventory (except as otherwise
provided in Section 7.01 of the Credit Agreement).
(e) The Pledged Equity pledged by such Grantor hereunder has
been duly authorized and validly issued and is fully paid and
non-assessable. With respect to the Pledged Equity, the issuer of which
is a Subsidiary of the Grantor that is an uncertificated security, such
Grantor has caused the issuer thereof, and with respect to any issuer
that is not a Subsidiary of a Grantor, such Grantor will use
commercially reasonable efforts to cause the issuer thereof, either (i)
to register the Collateral Agent as the registered owner of such
security or (ii) to agree in an authenticated record with such Grantor
and the Collateral Agent that upon the occurrence and during the
continuance of an Event of Default such issuer will comply with
instructions with respect to such security originated by the Collateral
Agent without further consent of such Grantor. If such Grantor is an
issuer of Pledged Equity, such Grantor confirms that it has received
notice of such security interest. The Pledged Debt issued by any
Subsidiary of a Grantor and pledged by such Grantor hereunder has been
duly authorized, authenticated or issued and delivered, is the legal,
valid and binding obligation of the issuers thereof and if evidenced
13
by one or more promissory notes such notes have been delivered to the
Collateral Agent and is not in default.
(f) The Initial Pledged Equity pledged by such Grantor
constitutes the percentage of the issued and outstanding Equity
Interests of the issuers thereof indicated on Schedule II hereto. The
Initial Pledged Debt constitutes all of the outstanding indebtedness
owed to such Grantor by the issuers thereof and is outstanding in the
principal amount indicated on Schedule II hereto.
(g) As of the Closing Date, all of the investment property
owned by such Grantor is listed on Schedule II hereto.
(h) Such Grantor has no deposit accounts, other than the
Account Collateral listed on Schedule VII hereto, as such Schedule VII
may be amended from time to time pursuant to Section 5(c), and Account
Control Agreements legal, valid and binding against the Grantors party
thereto are in effect for each deposit account that constitutes Account
Collateral (other than Account Collateral consisting of deposit
accounts maintained with the Collateral Agent), except to the extent
such Account Control Agreements are not required by Section 5(a).
(i) Such Grantor is not a beneficiary or assignee under any
letter of credit, other than the letters of credit described in
Schedule X hereto, as such Schedule X may be amended from time to time,
and to the extent the face amount of any letter of credit is greater
than $750,000, such Grantor will use commercially reasonable efforts to
obtain legal, binding and enforceable Consents to Assignment of Letter
of Credit Rights, in the form of the Consent to Assignment of Letter of
Credit Rights attached hereto as Exhibit F with respect to such Letters
of Credit.
(j) Upon the filing of appropriate Financing Statements
delivered on the Closing Date, the filings anticipated in connection
with the IP collateral below in Section 9(k), the execution and
delivery of appropriate control agreements with respect to securities
accounts and deposit accounts by all parties thereto at the times
specified therefore in Section 6.12 and 6.21 of the Credit Agreement,
the delivery to the Collateral Agent of the Security Collateral to the
extent and in the manner required by Section 9 and all filings and
other actions (including, without limitation, (A) actions necessary to
obtain control of Collateral as provided in Sections 8-106, 9-104,
9-106 and 9-107 of the UCC (except, to the extent otherwise provided
herein), and (B) actions necessary to perfect the Collateral Agent's
security interest with respect to Collateral evidenced by a certificate
of ownership in excess of $7,500,000 to the extent required by the
Collateral Agent) necessary to perfect the security interest in the
Collateral of such Grantor created under this Agreement (except to the
extent otherwise provided herein) have been duly made or taken and are
in full force and effect, and this Agreement creates in favor of the
Collateral Agent for the benefit of the Secured Parties a valid and,
together with such filings and other actions, perfected first priority
security interest in the Collateral of such Grantor (except to the
extent otherwise provided herein), securing the payment of the Secured
Obligations (subject only to Liens permitted under the Loan Documents).
14
(k) No authorization or approval or other action by, and no
notice to or filing with, any governmental authority or regulatory body
or any other third party is required for (i) the grant by such Grantor
of the security interest granted hereunder or for the execution,
delivery or performance of this Agreement by such Grantor, (ii) the
perfection or maintenance of the security interest created hereunder to
the extent provided herein (including the first priority nature of such
security interest to the extent provided herein and intended by the
terms hereof to be created hereby), except for the filing of financing
and continuation statements under the UCC, which financing statements
have been or, immediately following the Closing Date will be duly filed
and are or will be in full force and effect, the recordation of the IP
Security Agreements referred to in Section 14(f) with the U.S. Patent
and Trademark Office and the U.S. Copyright Office, which Agreements
have been duly recorded and are in full force and effect, and the
actions described in Section 4 with respect to Security Collateral,
which actions have been taken and are in full force and effect, or
(iii) the exercise by the Collateral Agent of its voting or other
rights provided for in this Agreement or the remedies in respect of the
Collateral pursuant to this Agreement, except as may be required in
connection with the disposition of any portion of the Security
Collateral by laws affecting the offering and sale of securities
generally, customary procedures required to foreclose or otherwise
realize upon a Lien and customary restrictions in the assignability of
certain Contractual Obligations.
(l) The Inventory that has been produced or distributed by
such Grantor has been produced in compliance with all requirements of
applicable law, including, without limitation, the Fair Labor Standards
Act to the extent any noncompliance could not reasonably be expected to
have a Material Adverse Effect.
(m) As to itself and its Intellectual Property Collateral:
(i) Except as set forth on Schedule VI, the operation of
such Grantor's business as currently conducted or as currently
contemplated to be conducted and the use of the Intellectual
Property Collateral in connection therewith do not conflict
with, infringe, misappropriate, dilute, misuse or otherwise
violate the intellectual property rights of any third party
except to the extent such could not reasonably be expected to
have a Material Adverse Effect.
(ii) Except as set forth on Schedule VI, such Grantor is
the owner of all right, title and interest in and to or has
the right to use the Intellectual Property Collateral that is
material to such Grantor's business, subject only to the terms
of the IP Agreements.
(iii) As of the Closing Date, the Intellectual Property
Collateral set forth on Schedule VI hereto includes all of the
issued patents, patent applications, trademark registrations
and applications, copyright registrations and applications, in
each case, owned by such Grantor, and material IP Agreements
that are currently in effect.
(iv) As of the Closing Date, the Intellectual Property
Collateral (other than the IP Agreements) has not been
adjudged invalid or unenforceable in whole
15
or part, and to such Grantor's knowledge, is valid and
enforceable. Such Grantor is not using any such item of
Intellectual Property Collateral that could reasonably be
expected to lead to such item becoming invalid or
unenforceable.
(v) For the Intellectual Property Collateral that the
Grantor has decided in its reasonable business judgment to
maintain in subsistence in the ordinary course of its
business, such Grantor has made or performed all filings,
recordings and other acts and has paid all required fees and
taxes to maintain and protect its interest in each and every
item of Intellectual Property Collateral in full force and
effect throughout the world, and to protect and maintain its
interest therein including, without limitation, recordation of
any of its interests in the Patents and Trademarks with the
U.S. Patent and Trademark Office and in corresponding national
and international patent offices, and recordation of any of
its interests in the Copyrights with the U.S. Copyright Office
and in corresponding national and international copyright
offices. Such Grantor has used proper statutory notice in
connection with its use of each patent, trademark and
copyright in the Intellectual Property Collateral, except to
the extent the failure to use such notice could not reasonably
be expected to have a Material Adverse Effect.
(vi) Except as set forth on Schedule VI, no claim,
action, suit, investigation, litigation or proceeding has been
asserted or is pending or, threatened against such Grantor (i)
based upon or challenging or seeking to deny or restrict the
Grantor's rights in or use of any of the Intellectual Property
Collateral, (ii) alleging that the Grantor's rights in or use
of the Intellectual Property Collateral or that any services
provided by, processes used by, or products manufactured or
sold by, such Grantor infringe, misappropriate, dilute, misuse
or otherwise violate any patent, trademark, copyright or any
other proprietary right of any third party, or (iii) alleging
that the Intellectual Property Collateral is being licensed or
sublicensed in violation or contravention of the terms of any
license or other agreement, in each case, except that could
not reasonably be expected to have a Material Adverse Effect.
No Person is engaging in any activity that infringes,
misappropriates, dilutes, misuses or otherwise violates the
Intellectual Property Collateral (other than the IP
Agreements) or the Grantor's rights in or use thereof that
could reasonably be expected to have a Material Adverse
Effect. As of the Closing Date, such Grantor has not granted
any license, release, covenant not to sue, non-assertion
assurance, or other right to any Person with respect to any
part of the Intellectual Property Collateral (other than the
IP Agreements). The consummation of the transactions
contemplated by the Transaction Documents will not result in
the termination or impairment of any of the Intellectual
Property Collateral (other than the IP Agreements).
(vii) With respect to each material IP Agreement: (A)
such IP Agreement is valid and binding and in full force and
effect and represents the entire agreement between the
respective parties thereto with respect to the subject matter
thereof; (B) such IP Agreement will not cease to be valid and
binding and in full force and effect on terms identical to
those currently in effect as a result of
16
the rights and interest granted herein, nor will the grant of
such rights and interest constitute a breach or default under
such IP Agreement or otherwise give any party thereto a right
to terminate such IP Agreement; (C) such Grantor has not
received any notice of termination or cancellation under such
IP Agreement; (D) such Grantor has not received any notice of
a breach or default under such IP Agreement, which breach or
default has not been cured; (E) such Grantor has not granted
to any other third party any rights, adverse or otherwise,
under such IP Agreement; and (F) neither such Grantor nor any
other party to such IP Agreement is in breach or default
thereof in any material respect, and no event has occurred
that, with notice or lapse of time or both, would constitute
such a breach or default or permit termination, modification
or acceleration under such IP Agreement, except, in each case,
to the extent that the foregoing could not reasonably be
expected to have a Material Adverse Effect.
(viii) (A) none of the Trade Secrets of such Grantor has
been used, divulged, disclosed or appropriated to the
detriment of such Grantor for the benefit of any other Person
other than such Grantor; (B) no employee, independent
contractor or agent of such Grantor has misappropriated any
trade secrets of any other Person in the course of the
performance of his or her duties as an employee, independent
contractor or agent of such Grantor; and (C) no employee,
independent contractor or agent of such Grantor is in default
or breach of any term of any employment agreement,
non-disclosure agreement, assignment of inventions agreement
or similar agreement or contract relating in any way to the
protection, ownership, development, use or transfer of such
Grantor's Intellectual Property Collateral, except in each
case to the extent that the foregoing could not reasonably be
expected to have a Material Adverse Effect.
(ix) Except as set forth on Schedule VI, no Grantor or
Intellectual Property Collateral (other than IP Agreements) is
subject to any outstanding consent, settlement, decree, order,
injunction, judgment or ruling restricting the use of any such
Intellectual Property Collateral or that would impair the
validity or enforceability of such Intellectual Property
Collateral, which impairment could reasonably be expected to
have a Material Adverse Effect.
(n) The Grantor has no actual knowledge of any commercial tort
claims (as defined in Section 9-102(13) of the UCC) for which a
complaint alleging the occurrence of a commercial tort has been filed
with a court of competent jurisdiction in excess of $250,000 other than
those listed in Schedule IX hereto as such Schedule IX may be amended
from time to time by written notice from a Grantor to the Collateral
Agent.
Section 10. Further Assurances. (a) Each Grantor agrees that
from time to time, at the expense of such Grantor, such Grantor will promptly
execute and deliver, or otherwise authenticate, all further instruments and
documents, and take all further action that may be necessary, or that the
Collateral Agent may request, in order to perfect and protect any pledge or
security interest granted by such Grantor hereunder or to enable the Collateral
Agent to exercise and enforce its rights and remedies hereunder with respect to
any Collateral of such Grantor. Without limiting the generality of the
foregoing, each Grantor will promptly with
17
respect to Collateral of such Grantor: (i) at the request of the Collateral
Agent during the existence of an Event of Default mark conspicuously each
document included in Inventory, each chattel paper included in Receivables, each
Related Contract, each Assigned Agreement and each of its records pertaining to
such Collateral with a legend, in form and substance satisfactory to the
Collateral Agent, indicating that such document, chattel paper, Related
Contract, Assigned Agreement or Collateral is subject to the security interest
granted hereby; (ii) if any such Collateral shall be evidenced by a promissory
note or other instrument or chattel paper, deliver and pledge to the Collateral
Agent hereunder such note or instrument or chattel paper exceeding $500,000 duly
indorsed and accompanied by duly executed instruments of transfer or assignment,
all in form and substance reasonably satisfactory to the Collateral Agent; (iii)
execute or authenticate and file such financing or continuation statements, or
amendments thereto, and such other instruments or notices, as may be necessary,
or as the Collateral Agent may reasonably request, in order to perfect and
preserve the security interest granted by such Grantor hereunder; (iv) deliver
and pledge to the Collateral Agent for benefit of the Secured Parties
certificates representing Security Collateral that constitutes certificated
securities, accompanied by undated stock or bond powers executed in blank; (v)
except to the extent otherwise provided herein, take all action necessary to
ensure that the Collateral Agent has control of Collateral consisting of deposit
accounts, electronic chattel paper, investment property, letter-of-credit rights
and transferable records as provided in Sections 9-104, 9-105, 9-106 and 9-107
of the UCC and in Section 16 of the Uniform Electronic Transactions Act, as in
effect in the jurisdiction governing such transferable record; (vi) at the
request of the Collateral Agent, take all action to ensure that the Collateral
Agent's security interest is noted on any certificate of ownership related to
any Collateral evidenced by a certificate of ownership and, except during the
continuance of an Event of Default, with a fair market value exceeding
$7,500,000; (vii) upon the occurrence and during the continuation of an Event of
Default, at the request of the Collateral Agent, use commercially reasonable
efforts to cause the Collateral Agent to be the beneficiary under all letters of
credit that constitute Collateral, with the exclusive right to make all draws
under such letters of credit, and with all rights of a transferee under Section
5-114(e) of the UCC; and (viii) deliver to the Collateral Agent evidence that
all other action that the Collateral Agent may deem reasonably necessary or
desirable in order to perfect and protect the security interest created by such
Grantor under this Agreement to the extent provided herein has been taken.
(b) Each Grantor hereby authorizes the Collateral Agent to
file one or more financing or continuation statements, and amendments thereto,
including, without limitation, one or more financing statements indicating that
such financing statements cover all assets or all personal property (or words of
similar effect) of such Grantor, and regardless of whether any particular asset
described in such financing statements falls within the scope of the UCC or the
granting clause of this Agreement. A photocopy or other reproduction of this
Agreement or any financing statement covering the Collateral or any part thereof
shall be sufficient as a financing statement where permitted by law. Each
Grantor ratifies its authorization for the Collateral Agent to have filed such
financing statements, continuation statements or amendments filed prior to the
date hereof.
(c) Each Grantor will furnish to the Collateral Agent from
time to time statements and schedules further identifying and describing the
Collateral of such Grantor and
18
such other reports in connection with such Collateral as the Collateral Agent
may reasonably request, all in reasonable detail.
Section 11. As to Equipment and Inventory. (a) Each Grantor
will keep the Equipment and Inventory of such Grantor (excluding in each case
(i) such Collateral with an aggregate value of less than $500,000, (ii)
Inventory in transit in the ordinary course of business, (iii) such Collateral
transferred pursuant to a Disposition permitted under Section 7.05 of the Credit
Agreement, (iv) mobile goods, (v) Equipment moved for repair or refurbishment
and (vi) Inventory and Equipment moved for other valid business purposes in the
ordinary course of business) at the places therefor specified in Section 9(b)
or, upon 10 Business Days' prior written notice to the Collateral Agent, at such
other places designated by the Grantor in such notice. Upon the giving of such
notice, Schedule IV shall be automatically amended to add any new locations
specified in the notice.
(b) Each Grantor will cause the material Equipment of such
Grantor to be maintained and preserved in the same condition, repair and working
order as when new, ordinary wear and tear and Casualty Events excepted, and will
forthwith, or in the case of any loss or damage to any of such Equipment as soon
as practicable after the occurrence thereof, make or cause to be made all
repairs, replacements and other improvements in connection therewith that are
necessary or desirable to such end, except where the failure to do any of the
foregoing could not reasonably be expected to have a Material Adverse Effect.
Each Grantor will promptly furnish to the Collateral Agent a statement
respecting any loss or damage exceeding $500,000 to any of the Equipment or
Inventory of such Grantor.
(c) Each Grantor will pay promptly when due all property and
other taxes, assessments and governmental charges or levies imposed upon, and
all claims (including, without limitation, claims for labor, materials and
supplies) against, the Equipment and Inventory of such Grantor, except to the
extent payment thereof is not required by Section 6.04 of the Credit Agreement.
In producing its Inventory, each Grantor will comply with all requirements of
applicable law, including, without limitation, the Fair Labor Standards Act
except to the extent such noncompliance would not result in a Material Adverse
Effect.
Section 12. Insurance. (a) Each Grantor will, at its own
expense, maintain insurance with respect to the Equipment and Inventory of such
Grantor in such amounts, against such risks, in such form and with such
insurers, as shall be reasonably satisfactory to the Collateral Agent from time
to time. Each policy of each Grantor for liability insurance shall provide for
all losses to be paid on behalf of the Collateral Agent and such Grantor as
their interests may appear, and each policy for property damage insurance shall
provide for all losses to be paid directly to the Collateral Agent if (x) at
such time an Event of Default exists; such amounts, to be held and applied in
accordance with Section 12(c) and (y) otherwise to the applicable Grantor. Each
such policy shall in addition (i) name such Grantor and the Collateral Agent as
insured parties thereunder (without any representation or warranty by or
obligation upon the Collateral Agent) as their interests may appear, (ii)
contain the agreement by the insurer that any loss thereunder shall be payable
to the Collateral Agent notwithstanding any action, inaction or breach of
representation or warranty by such Grantor, (iii) provide that there shall be no
recourse against the Collateral Agent for payment of premiums or other amounts
with respect thereto and (iv) provide that at least 10 days' prior written
notice of cancellation or of lapse shall
19
be given to the Collateral Agent by the insurer. Each Grantor will, if so
requested by the Collateral Agent, deliver to the Collateral Agent duplicate
policies of such insurance and, as often as the Collateral Agent may reasonably
request, a report of a reputable insurance broker with respect to such
insurance.
(b) Reimbursement under any liability insurance maintained by
any Grantor pursuant to this Section 12 may be paid directly to the Person who
shall have incurred liability covered by such insurance. In case of any loss
involving damage to Equipment or Inventory when subsection (c) of this Section
12 is not applicable, the applicable Grantor will make or cause to be made the
necessary repairs to or replacements of such Equipment or Inventory, and any
proceeds of insurance properly received by or released to such Grantor shall be
used by such Grantor, except as otherwise required hereunder or by the Credit
Agreement, to pay or as reimbursement for the costs of such repairs or
replacements.
(c) Upon the occurrence and during the continuance of any
Event of Default all insurance payments in connection with any loss, damage or
destruction of Inventory and Equipment shall be paid to the Collateral Agent and
shall, in the Collateral Agent's sole discretion, be held as additional
Collateral hereunder or applied as specified in Section 22(b).
Section 13. Post-Closing Changes; Bailees; Collections on
Assigned Agreements, Receivables and Related Contracts. (a) No Grantor will
change its name, type of organization, jurisdiction of organization,
organizational identification number or location from those set forth in Section
9(a) of this Agreement without first giving at least 10 days' (or such lessor
period of time as the Collateral Agent may agree) prior written notice to the
Collateral Agent and taking all action required by the Collateral Agent for the
purpose of perfecting or protecting the security interest granted by this
Agreement. Except as otherwise specified in Section 11, no Grantor will change
the location of the Equipment and Inventory or the place where it keeps the
originals of the Assigned Agreements and Related Contracts to which such Grantor
is a party and all originals of all chattel paper that evidence Receivables of
such Grantor from the locations therefor specified in Sections 9 (a) and 9(b)
without first giving the Collateral Agent 10 days' prior written notice of such
change. Except in connection with a transaction permitted under Section
7.03(i)(G) or 7.04 of the Credit Agreement, no Grantor will become bound by a
security agreement authenticated by another Person (determined as provided in
Section 9-203(d) of the UCC) without giving the Collateral Agent 30 days' prior
written notice thereof or notice pursuant to Section 7.03(i)(G) of the Credit
Agreement and taking all action reasonably required by the Collateral Agent to
ensure that the perfection and first priority nature of the Collateral Agent's
security interest in the Collateral to the extent provided herein will be
maintained. Each Grantor will hold and preserve its records relating to the
Collateral, including, without limitation, the Assigned Agreements and Related
Contracts, and will permit representatives of the Collateral Agent at any time
during normal business hours upon reasonable prior notice to inspect and make
abstracts from such records and other documents in accordance with and subject
to Section 6.10 of the Credit Agreement. If any Grantor does not have an
organizational identification number and later obtains one, it will forthwith
notify the Collateral Agent of such organizational identification number.
(b) During the continuance of an Event of Default, if any
Collateral consisting of Equipment and Inventory with a fair market value
exceeding $500,000 of any Grantor is at
20
any time in the possession or control of a warehouseman, bailee or agent, upon
the request of the Collateral Agent, such Grantor will (i) notify such
warehouseman, bailee or agent of the security interest created hereunder, (ii)
instruct such warehouseman, bailee or agent to hold all such Collateral solely
for the Collateral Agent's account subject only to the Collateral Agent's
instructions (which shall permit such Collateral to be removed by such Grantor
in the ordinary course of business until the Collateral Agent notifies such
warehouseman, bailee or agent that an Event of Default has occurred and is
continuing), (iii) use commercially reasonable efforts, to cause such
warehouseman, bailee or agent to authenticate a record acknowledging that it
holds possession of such Collateral for the Collateral Agent's benefit and shall
act solely on the instructions of the Collateral Agent without the further
consent of the Grantor or any other Person, and (iv) make such authenticated
record available to the Collateral Agent.
(c) Except as otherwise provided in this subsection (c), each
Grantor will continue to collect, at its own expense, all amounts due or to
become due such Grantor under the Assigned Agreements, Receivables and Related
Contracts. In connection with such collections, such Grantor may take (and, at
the Collateral Agent's direction, during the continuance of an Event of Default
will take) such commercially reasonable action as such Grantor or the Collateral
Agent may deem necessary or advisable to enforce collection of the Assigned
Agreements, Receivables and Related Contracts; provided, however, that the
Collateral Agent shall have the right at any time, upon the occurrence and
during the continuance of an Event of Default and upon written notice to such
Grantor of its intention to do so, to notify the Obligors under any Assigned
Agreements, Receivables and Related Contracts of the assignment of such Assigned
Agreements, Receivables and Related Contracts to the Collateral Agent and to
direct such Obligors to make payment of all amounts due or to become due to such
Grantor thereunder directly to the Collateral Agent and, upon such notification
and at the expense of such Grantor, to enforce collection of any such Assigned
Agreements, Receivables and Related Contracts, to adjust, settle or compromise
the amount or payment thereof, in the same manner and to the same extent as such
Grantor might have done, and to otherwise exercise all rights with respect to
such Assigned Agreements, Receivables and Related Contracts, including, without
limitation, those set forth set forth in Section 9-607 of the UCC. After receipt
by any Grantor of the notice from the Collateral Agent referred to in the
proviso to the preceding sentence, (i) all amounts and proceeds (including,
without limitation, instruments) received by such Grantor in respect of the
Assigned Agreements, Receivables and Related Contracts of such Grantor shall be
received in trust for the benefit of the Collateral Agent hereunder, shall be
segregated from other funds of such Grantor and shall be forthwith paid over to
the Collateral Agent in the same form as so received (with any necessary
indorsement) to be deposited in an Other Deposit Account for which an Account
Control Agreement has been obtained pursuant to Section 5(a) and either (A)
released to such Grantor on the terms set forth in Section 7 so long as no Event
of Default shall have occurred and be continuing or (B) if any Event of Default
shall have occurred and be continuing, applied as provided in Section 22(b) and
(ii) such Grantor will not adjust, settle or compromise the amount or payment of
any Receivable or amount due on any Assigned Agreement or Related Contract,
release wholly or partly any Obligor thereof, or allow any credit or discount
thereon. No Grantor will permit or consent to the subordination of its right to
payment under any of the Assigned Agreements, Receivables and Related Contracts
to any other indebtedness or obligations of the Obligor thereof.
21
Section 14. As to Intellectual Property Collateral. (a) With
respect to each item of its Intellectual Property Collateral (other than the IP
Agreements), each Grantor agrees to take, at its expense, all commercially
reasonable steps, including, without limitation, in the U.S. Patent and
Trademark Office, the U.S. Copyright Office and any other governmental
authority, to (i) maintain the validity and enforceability of such Intellectual
Property Collateral and maintain such Intellectual Property Collateral in full
force and effect, and (ii) pursue the registration and maintenance of each
patent, trademark, or copyright registration or application, now or hereafter
included in such Intellectual Property Collateral of such Grantor, including,
without limitation, the payment of required fees and taxes, the filing of
responses to office actions issued by the U.S. Patent and Trademark Office, the
U.S. Copyright Office or other governmental authorities, the filing of
applications for renewal or extension, the filing of affidavits under Sections 8
and 15 of the U.S. Trademark Act, the filing of divisional, continuation,
continuation-in-part, reissue and renewal applications or extensions, the
payment of maintenance fees and the participation in interference,
reexamination, opposition, cancellation, infringement and misappropriation
proceedings; provided, however, unless during an Event of Default, that the
Grantor will not be required to perform any such acts with respect to any such
Intellectual Property Collateral deemed by the Grantor in the exercise of its
reasonable business judgment (and assuming for such purpose that such acts were
performed) to be no longer useful or of any material economic value. No Grantor
shall, without the written consent of the Collateral Agent, discontinue use of
or otherwise abandon any Intellectual Property Collateral (other than the IP
Agreements), or abandon any right to file an application for patent, trademark,
or copyright, unless such Grantor shall have previously determined that such use
or the pursuit or maintenance of such Intellectual Property Collateral is no
longer desirable in the conduct of such Grantor's business and that the loss
thereof would not be reasonably likely to have a Material Adverse Effect, in
which case, such Grantor will give prompt notice of any such abandonment to the
Collateral Agent.
(b) Each Grantor agrees promptly to notify the Collateral
Agent if such Grantor becomes aware (i) that any material item of the
Intellectual Property Collateral (other than the IP Agreements) has become
abandoned, placed in the public domain, invalid or unenforceable, or of any
material adverse determination or development regarding such Grantor's ownership
of any of such material Intellectual Property Collateral or its right to
register the same or to keep and maintain and enforce the same, or (ii) of any
material adverse determination or the institution of any proceeding (including,
without limitation, the institution of any proceeding in the U.S. Patent and
Trademark Office or any court) regarding any material item of such Intellectual
Property Collateral.
(c) In the event that any Grantor becomes aware that any
material item of the Intellectual Property Collateral (other than the IP
Agreements) is being infringed or misappropriated by a third party, such Grantor
shall promptly notify the Collateral Agent and shall take such actions, at its
expense, as such Grantor or, if an Event of Default exists, the Collateral Agent
deems reasonable and appropriate under the circumstances to protect or enforce
such Intellectual Property Collateral, including, without limitation, suing for
infringement or misappropriation and for an injunction against such infringement
or misappropriation.
(d) Each Grantor shall use proper statutory notice in
connection with its use of each item of its Intellectual Property Collateral
(other than the IP Agreements). No Grantor shall
22
do or permit any act or knowingly omit to do any act whereby any of its material
Intellectual Property Collateral (other than the IP Agreements) may lapse or
become invalid or unenforceable or placed in the public domain, other than as
permitted under Section 14(a).
(e) Each Grantor shall take all commercially reasonable steps
which it or (during the continuation of an Event of Default) the Collateral
Agent deems reasonable and appropriate under the circumstances to preserve and
protect each item of its Intellectual Property Collateral (other than the IP
Agreements), including, without limitation, maintaining the quality of any and
all products or services used or provided in connection with any of the
Trademarks, consistent with the quality of the products and services as of the
date hereof, and taking all steps necessary to ensure that all licensed users of
any of the Trademarks use such consistent standards of quality.
(f) With respect to its Intellectual Property Collateral, each
Grantor agrees to execute or otherwise authenticate an agreement, in
substantially the form set forth in Exhibit D hereto or otherwise in form and
substance reasonably satisfactory to the Collateral Agent (an "IP SECURITY
AGREEMENT"), for recording the security interest granted hereunder to the
Collateral Agent in such Intellectual Property Collateral with the U.S. Patent
and Trademark Office, the U.S. Copyright Office and any other governmental
authorities necessary to perfect the security interest hereunder in such
Intellectual Property Collateral.
(g) Each Grantor agrees that should it obtain an ownership
interest in any material item of the type set forth in Section 1(g) that is not
on the date hereof a part of the Intellectual Property Collateral
("AFTER-ACQUIRED INTELLECTUAL PROPERTY") (i) the provisions of this Agreement
shall automatically apply thereto, and (ii) any such After-Acquired Intellectual
Property and, in the case of trademarks, the goodwill symbolized thereby, shall
automatically become part of the Intellectual Property Collateral subject to the
terms and conditions of this Agreement with respect thereto. At the end of each
fiscal quarter of the Borrower, each Grantor shall give prompt written notice to
the Collateral Agent identifying the After-Acquired Intellectual Property, and
such Grantor shall execute and deliver to the Collateral Agent with such written
notice, or otherwise authenticate, an agreement substantially in the form of
Exhibit E hereto or otherwise in form and substance reasonably satisfactory to
the Collateral Agent (an "IP SECURITY AGREEMENT SUPPLEMENT") covering such
After-Acquired Intellectual Property which IP Security Agreement Supplement
shall be recorded with the U.S. Patent and Trademark Office, the U.S. Copyright
Office and any other governmental authorities necessary to perfect the security
interest hereunder in such After-Acquired Intellectual Property.
Section 15. Voting Rights; Dividends; Etc. (a) So long as no
Event of Default shall have occurred and be continuing:
(i) Each Grantor shall be entitled to exercise any and all
voting and other consensual rights pertaining to the Security
Collateral of such Grantor or any part thereof for any purpose other
than, upon the occurrence and during the continuation of a Specified
Default, to originate Entitlement Orders (as defined in any Securities
Account Control Agreement) with respect to the Securities Account;
provided however, that such Grantor will not exercise or refrain from
exercising any such right if such action would have a material adverse
effect on the value of the Security Collateral or any part thereof.
23
(ii) Each Grantor shall be entitled to receive and retain any
and all dividends, interest and other distributions paid in respect of
the Security Collateral of such Grantor if and to the extent that the
payment thereof is not otherwise prohibited by the terms of the Loan
Documents; provided, however, that except for any transaction permitted
under Section 7.06(a) and (c) through (f) of the Credit Agreement, any
and all
(A) dividends, interest and other distributions paid or
payable other than in cash in respect of, and instruments and
other property received, receivable or otherwise distributed
in respect of, or in exchange for, any Security Collateral,
(B) dividends and other distributions paid or payable in
cash in respect of any Security Collateral in connection with
a partial or total liquidation or dissolution or in connection
with a reduction of capital, capital surplus or
paid-in-surplus and
(C) cash paid, payable or otherwise distributed in
respect of principal of, or in redemption of, or in exchange
for, any Security Collateral
shall be, and shall be forthwith delivered to the Collateral Agent to
hold as, Security Collateral and shall, if received by such Grantor, be
received in trust for the benefit of the Collateral Agent, be
segregated from the other property or funds of such Grantor and be
forthwith delivered to the Collateral Agent as Security Collateral in
the same form as so received (with any necessary indorsement).
(iii) The Collateral Agent will execute and deliver (or cause
to be executed and delivered) to each Grantor all such proxies and
other instruments as such Grantor may reasonably request for the
purpose of enabling such Grantor to exercise the voting and other
rights that it is entitled to exercise pursuant to paragraph (i) above
and to receive the dividends or interest payments that it is authorized
to receive and retain pursuant to paragraph (ii) above.
(b) Upon the occurrence and during the continuance of an Event
of Default:
(i) All rights of each Grantor (x) to exercise or refrain from
exercising the voting and other consensual rights that it would
otherwise be entitled to exercise pursuant to Section 15(a)(i) shall,
upon notice to such Grantor by the Collateral Agent, cease and (y) to
receive the dividends, interest and other distributions that it would
otherwise be authorized to receive and retain pursuant to Section
15(a)(ii) shall automatically cease, and all such rights shall
thereupon become vested in the Collateral Agent, which shall thereupon
have the sole right to exercise or refrain from exercising such voting
and other consensual rights and to receive and hold as Security
Collateral such dividends, interest and other distributions.
(ii) All dividends, interest and other distributions that are
received by any Grantor contrary to the provisions of paragraph (i) of
this Section 15(b) shall be received in trust for the benefit of the
Collateral Agent, shall be segregated from other funds of
24
such Grantor and shall be forthwith paid over to the Collateral Agent
as Security Collateral in the same form as so received (with any
necessary indorsement).
(iii) The Collateral Agent shall be authorized to send to each
Securities Intermediary as defined in and under any Securities Account
Control Agreement a Notice of Exclusive Control as defined in and under
such Securities Account Control Agreement.
Section 16. As to the Assigned Agreements. (a) Each Grantor
agrees that it will not, except to the extent otherwise permitted under the
Credit Agreement:
(i) cancel or terminate any Assigned Agreement to which it is
a party or consent to or accept any cancellation or termination
thereof; or
(ii) take any other action in connection with any such
Assigned Agreement that would impair the value of the interests or
rights of such Grantor thereunder or that would impair the interests or
rights of any Secured Party;
except to the extent the foregoing in clauses (i) and (ii)
could not reasonably be expected to have a Material Adverse Effect.
(b) Each Grantor hereby consents on its behalf and on behalf
of its Subsidiaries to the assignment and pledge to the Collateral Agent for
benefit of the Secured Parties of each Assigned Agreement to which it is a party
by any other Grantor hereunder.
Section 17. As to Letter-of-Credit Rights. (a) Each Grantor,
by granting a security interest in its Receivables consisting of
letter-of-credit rights to the Collateral Agent, intends to (and hereby does)
assign to the Collateral Agent its rights (including its contingent rights) to
the proceeds of all Related Contracts consisting of letters of credit of which
it is or hereafter becomes a beneficiary or assignee. To the extent the face
amount of any letter of credit is greater than $750,000, each Grantor will use
commercially reasonable efforts to cause the issuer of any such letter of credit
and each nominated person (if any) with respect thereto to consent to such
assignment of the proceeds thereof in substantially the form of the Consent to
Assignment of Letter of Credit Rights attached hereto as Exhibit H or otherwise
in form and substance reasonably satisfactory to the Collateral Agent and
deliver written evidence of such consent to the Collateral Agent.
(b) Upon the occurrence of an Event of Default, each Grantor
will, promptly upon request by the Collateral Agent, (i) notify (and such
Grantor hereby authorizes the Collateral Agent to notify) the issuer and each
nominated person with respect to each of the Related Contracts consisting of
letters of credit that the proceeds thereof have been assigned to the Collateral
Agent hereunder and any payments due or to become due in respect thereof are to
be made directly to the Collateral Agent or its designee and (ii) arrange for
the Collateral Agent to become the transferee beneficiary of such letter of
credit.
Section 18. Transfers and Other Liens; Additional Shares. (a)
Each Grantor agrees that it will not (i) sell, assign or otherwise dispose of,
or grant any option with respect to,
25
any of the Collateral, other than sales, assignments and other Dispositions of
Collateral, and options relating to Collateral, permitted under the terms of the
Credit Agreement, or (ii) create or suffer to exist any Lien upon or with
respect to any of the Collateral of such Grantor except for the pledge,
assignment and security interest created under this Agreement and Liens
permitted under the Credit Agreement.
(b) Each Grantor agrees that it will (i) cause each issuer of
the Pledged Equity pledged by such Grantor not to issue any Equity Interests or
other securities in addition to or in substitution for the Pledged Equity issued
by such issuer, except to such Grantor, and (ii) pledge hereunder, immediately
upon its acquisition (directly or indirectly) thereof, any and all additional
Equity Interests or other securities (subject to the conditions set forth in
Section 1(d)(iii)).
Section 19. Collateral Agent Appointed Attorney-in-Fact. Each
Grantor hereby irrevocably appoints the Collateral Agent such Grantor's
attorney-in-fact, with full authority in the place and stead of such Grantor and
in the name of such Grantor or otherwise, from time to time, upon the occurrence
and during the continuance of an Event of Default, in the Collateral Agent's
discretion, to take any action and to execute any instrument that the Collateral
Agent may deem necessary or advisable to accomplish the purposes of this
Agreement, including, without limitation:
(a) to obtain and adjust insurance required to be paid to the
Collateral Agent pursuant to Section 12,
(b) to ask for, demand, collect, sue for, recover, compromise,
receive and give acquittance and receipts for moneys due and to become
due under or in respect of any of the Collateral,
(c) to receive, indorse and collect any drafts or other
instruments, documents and chattel paper, in connection with clause (a)
or (b) above, and
(d) to file any claims or take any action or institute any
proceedings that the Collateral Agent may reasonably deem necessary for
the collection of any of the Collateral or otherwise to enforce
compliance with the terms and conditions of any Assigned Agreement or
the rights of the Collateral Agent with respect to any of the
Collateral.
Section 20. Collateral Agent May Perform. If any Grantor fails
to perform any agreement contained herein, the Collateral Agent may, but without
any obligation to do so and without notice, itself perform, or cause performance
of, such agreement, and the expenses of the Collateral Agent incurred in
connection therewith shall be payable by such Grantor under Section 22.
Section 21. The Collateral Agent's Duties. (a) The powers
conferred on the Collateral Agent hereunder are solely to protect the Secured
Parties' interest in the Collateral and shall not impose any duty upon it to
exercise any such powers. Except for the safe custody of any Collateral in its
possession and the accounting for moneys actually received by it hereunder, the
Collateral Agent shall have no duty as to any Collateral, as to ascertaining or
taking action
26
with respect to calls, conversions, exchanges, maturities, tenders or other
matters relative to any Collateral, whether or not any Secured Party has or is
deemed to have knowledge of such matters, or as to the taking of any necessary
steps to preserve rights against any parties or any other rights pertaining to
any Collateral. The Collateral Agent shall be deemed to have exercised
reasonable care in the custody and preservation of any Collateral in its
possession if such Collateral is accorded treatment substantially equal to that
which it accords its own property.
(b) Anything contained herein to the contrary notwithstanding,
the Collateral Agent may from time to time, when the Collateral Agent deems it
to be necessary, appoint one or more subagents (each a "SUBAGENT") for the
Collateral Agent hereunder with respect to all or any part of the Collateral. In
the event that the Collateral Agent so appoints any Subagent with respect to any
Collateral, (i) the assignment and pledge of such Collateral and the security
interest granted in such Collateral by each Grantor hereunder shall be deemed
for purposes of this Security Agreement to have been made to such Subagent, in
addition to the Collateral Agent, for the ratable benefit of the Secured
Parties, as security for the Secured Obligations of such Grantor, (ii) such
Subagent shall automatically be vested, in addition to the Collateral Agent,
with all rights, powers, privileges, interests and remedies of the Collateral
Agent hereunder with respect to such Collateral, and (iii) the term "Collateral
Agent," when used herein in relation to any rights, powers, privileges,
interests and remedies of the Collateral Agent with respect to such Collateral,
shall include such Subagent; provided, however, that no such Subagent shall be
authorized to take any action with respect to any such Collateral unless and
except to the extent expressly authorized in writing by the Collateral Agent.
Section 22. Remedies. If any Event of Default shall have
occurred and be continuing:
(a) The Collateral Agent may exercise in respect of the
Collateral, in addition to other rights and remedies provided for
herein or otherwise available to it, all the rights and remedies of a
secured party upon default under the UCC (whether or not the UCC
applies to the affected Collateral) and also may: (i) require each
Grantor to, and each Grantor hereby agrees that it will at its expense
and upon request of the Collateral Agent forthwith, assemble all or
part of the Collateral as directed by the Collateral Agent and make it
available to the Collateral Agent at a place and time to be designated
by the Collateral Agent that is reasonably convenient to both parties;
(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 the Collateral Agent's offices or elsewhere, for cash, on credit
or for future delivery, and upon such other terms as the Collateral
Agent may deem commercially reasonable; (iii) occupy any premises owned
or leased by any of the Grantors where the Collateral or any part
thereof is assembled or located for a reasonable period in order to
effectuate its rights and remedies hereunder or under law, without
obligation to such Grantor in respect of such occupation; and (iv)
exercise any and all rights and remedies of any of the Grantors under
or in connection with the Collateral, or otherwise in respect of the
Collateral, including, without limitation, (A) any and all rights of
such Grantor to demand or otherwise require payment of any amount
under, or performance of any provision of, the Assigned Agreements, the
Receivables, the Related Contracts and the other Collateral, (B)
withdraw, or cause or direct the withdrawal, of all funds with respect
to the Account Collateral and (C) exercise all other rights and
27
remedies with respect to the Assigned Agreements, the Receivables, the
Related Contracts and the other Collateral, including, without
limitation, those set forth in Section 9-607 of the UCC. Each Grantor
agrees that, to the extent notice of sale shall be required by law, at
least ten days' notice to such Grantor 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. The Collateral Agent shall
not be obligated to make any sale of Collateral regardless of notice of
sale having been given. The Collateral 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) Any cash held by or on behalf of the Collateral Agent and
all cash proceeds received by or on behalf of the Collateral Agent in
respect of any sale of, collection from, or other realization upon all
or any part of the Collateral may, in the discretion of the Collateral
Agent, be held by the Collateral Agent as collateral for, and/or then
or at any time thereafter applied (after payment of any amounts payable
to the Collateral Agent pursuant to Section 23) in whole or in part by
the Collateral Agent for the ratable benefit of the Secured Parties
against, all or any part of the Secured Obligations, in the following
manner:
(i) first, paid to the Agents for any amounts then owing
to the Agents pursuant to Section 11.04 of the Credit
Agreement or otherwise under the Loan Documents, ratably in
accordance with such respective amounts then owing to the
Agents; and
(ii) second, ratably (A) paid to the Lenders and the
Hedge Banks, respectively, for any amounts then owing to them,
in their capacities as such, under the Loan Documents in
accordance with Section 9.03 of the Credit Agreement, provided
that, for purposes of this Section 22, the amount owing to any
such Hedge Bank pursuant to any Secured Hedge Agreement to
which it is a party (other than any amount therefore accrued
and unpaid) shall be deemed to be equal to the Agreement Value
therefor and (B) deposited as Collateral in the L/C Collateral
Account up to an amount equal to 100% of the aggregate
Available Amount of all outstanding Letters of Credit,
provided that in the event that any such Letter of Credit is
drawn, the Collateral Agent shall pay to the Issuing Bank that
issued such Letter of Credit the amount held in the L/C
Collateral Account in respect of such Letter of Credit,
provided further that, to the extent that any such Letter of
Credit shall expire or terminate undrawn and as a result
thereof the amount of the Collateral in the L/C Collateral
Account shall exceed 100% of the aggregate Available Amount of
all then outstanding Letters of Credit, such excess amount of
such Collateral shall be applied in accordance with the
remaining order of priority set out in this Section 22(b).
Any surplus of such cash or cash proceeds held by or on the behalf of
the Collateral Agent and remaining after payment in full of all the
Secured Obligations shall be paid over to the applicable Grantor or to
whomsoever may be lawfully entitled to receive such surplus.
28
(c) All payments received by any Grantor under or in
connection with any Assigned Agreement or otherwise in respect of the
Collateral shall be received in trust for the benefit of the Collateral
Agent, shall be segregated from other funds of such Grantor and shall
be forthwith paid over to the Collateral Agent in the same form as so
received (with any necessary indorsement).
(d) The Collateral Agent may, without notice to any Grantor
except as required by law and at any time or from time to time, charge,
set-off and otherwise apply all or any part of the Secured Obligations
against any funds held with respect to the Account Collateral or in any
other deposit account.
(e) In the event of any sale or other disposition of any of
the Intellectual Property Collateral of any Grantor, the goodwill
symbolized by any Trademarks subject to such sale or other disposition
shall be included therein, and such Grantor shall supply to the
Collateral Agent or its designee such Grantor's know-how and expertise,
and documents and things relating to any Intellectual Property
Collateral subject to such sale or other disposition, and such
Grantor's customer lists and other records and documents relating to
such Intellectual Property Collateral and to the manufacture,
distribution, advertising and sale of products and services of such
Grantor.
(f) If the Collateral Agent shall determine to exercise its
right to sell all or any of the Security Collateral of any Grantor
pursuant to this Section 22, each Grantor agrees that, upon request of
the Collateral Agent, such Grantor will, at its own expense:
(i) provide the Collateral Agent with such information
and projections as may be necessary or, in the opinion of the
Collateral Agent, advisable to enable the Collateral Agent to
effect the sale of such Security Collateral; and
(ii) do or cause to be done all such other acts and
things as may be necessary to make such sale of such Security
Collateral or any part thereof valid and binding and in
compliance with applicable law.
(g) The Collateral Agent is authorized, in connection with any
sale of the Security Collateral pursuant to this Section 22, to deliver
or otherwise disclose to any prospective purchaser of the Security
Collateral: (i) any registration statement or prospectus, and all
supplements and amendments thereto, prepared pursuant to subsection
(f)(i) above; (ii) any information and projections provided to it
pursuant to subsection (f)(iv) above; and (iii) any other information
in its possession relating to such Security Collateral.
(h) Each Grantor acknowledges the impossibility of
ascertaining the amount of damages that would be suffered by the
Secured Parties by reason of the failure by such Grantor to perform any
of the covenants contained in subsection (f) above and, consequently,
agrees that, if such Grantor shall fail to perform any of such
covenants, it will pay, as liquidated damages and not as a penalty, an
amount equal to the value of the Security Collateral on the date the
Collateral Agent shall demand compliance with subsection (f) above.
29
Section 23. Indemnity and Expenses. (a) Each Grantor agrees to
indemnify, defend and save and hold harmless each Secured Party and each of
their Affiliates and their respective officers, directors, employees, agents and
advisors (each, an "INDEMNIFIED PARTY") from and against, and shall pay on
demand, any and all claims, damages, losses, liabilities and expenses
(including, without limitation, reasonable fees and expenses of counsel) that
may be incurred by or asserted or awarded against any Indemnified Party, in each
case arising out of or in connection with or resulting from this Agreement
(including, without limitation, enforcement of this Agreement), except to the
extent such claim, damage, loss, liability or expense is found in a final,
non-appealable judgment by a court of competent jurisdiction to have resulted
from such Indemnified Party's gross negligence, willful misconduct or breach in
bad faith of its obligations hereunder.
(b) Each Grantor will within 3 Business Days after demand pay
to the Collateral Agent the amount of any and all reasonable expenses,
including, without limitation, the reasonable fees and expenses of its counsel
and of any experts and agents, that the Collateral Agent may incur in connection
with (i) the administration of this Agreement, (ii) the custody, preservation,
use or operation of, or the sale of, collection from or other realization upon,
any of the Collateral of such Grantor, (iii) the exercise or enforcement of any
of the rights of the Collateral Agent or the other Secured Parties hereunder or
(iv) the failure by such Grantor to perform or observe any of the provisions
hereof.
Section 24. Amendments; Waivers; Additional Grantors; Etc. (a)
No amendment or waiver of any provision of this Agreement, and no consent to any
departure by any Grantor herefrom, shall in any event be effective unless the
same shall be in writing and signed by the Collateral Agent, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given. No failure on the part of the Collateral Agent
or any other Secured Party to exercise, and no delay in exercising any right
hereunder, shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right preclude any other or further exercise thereof or the
exercise of any other right.
(b) Upon the execution and delivery, or authentication, by any
Person of a security agreement supplement in substantially the form of Exhibit A
hereto (each a "SECURITY AGREEMENT SUPPLEMENT"), (i) such Person shall be
referred to as an "ADDITIONAL GRANTOR" and shall be and become a Grantor
hereunder, and each reference in this Agreement and the other Loan Documents to
"Grantor" shall also mean and be a reference to such Additional Grantor, and
each reference in this Agreement and the other Loan Documents to "Collateral"
shall also mean and be a reference to the Collateral of such Additional Grantor,
and (ii) the supplemental schedules I-IX attached to each Security Agreement
Supplement shall be incorporated into and become a part of and supplement
Schedules I-IX, respectively, hereto, and the Collateral Agent may attach such
supplemental schedules to such Schedules; and each reference to such Schedules
shall mean and be a reference to such Schedules as supplemented pursuant to each
Security Agreement Supplement.
Section 25. Notices, Etc. All notices and other communications
provided for hereunder shall be either (i) in writing (including, telecopier or
telex communication) and mailed, telecopied, telexed or otherwise delivered or
(ii) by electronic mail (if electronic mail addresses are designated as provided
below) confirmed immediately in writing, in the case of the
30
Borrower or the Collateral Agent, addressed to it at its address specified in
the Credit Agreement and, in the case of each Grantor other than the Borrower,
addressed to it at its address set forth opposite such Grantor's name on the
signature pages hereto or on the signature page to the Security Agreement
Supplement pursuant to which it became a party hereto; or, as to any party, at
such other address as shall be designated by such party in a written notice to
the other parties. All such notices and other communications shall, when mailed,
telecopied, telexed, sent by electronic mail or otherwise, be effective when
deposited in the mails, telecopied, confirmed by telex answerback, sent by
electronic mail and confirmed in writing, or otherwise delivered (or confirmed
by a signed receipt), respectively, addressed as aforesaid; except that notices
and other communications to the Collateral Agent shall not be effective until
received by the Collateral Agent. Delivery by telecopier of an executed
counterpart of any amendment or waiver of any provision of this Agreement or of
any Security Agreement Supplement or Schedule hereto shall be effective as
delivery of an original executed counterpart thereof.
Section 26. Continuing Security Interest; Assignments under
the Credit Agreement. This Agreement shall create a continuing security interest
in the Collateral and shall (a) remain in full force and effect until the latest
of (i) the payment in full in cash of the Secured Obligations, (ii) the Maturity
Date for the Revolving Credit Facility and (iii) the termination, expiration or
Cash Collateralization of all Letters of Credit and the termination or
expiration of all Secured Hedge Agreements, (b) be binding upon each Grantor,
its successors and assigns and (c) inure, together with the rights and remedies
of the Collateral Agent hereunder, to the benefit of the Secured Parties and
their respective successors, transferees and assigns. Without limiting the
generality of the foregoing clause (c), any Lender may assign or otherwise
transfer all or any portion of its rights and obligations under the Credit
Agreement (including, without limitation, all or any portion of its Commitments,
the Loans owing to it and the Note or Notes, if any, held by it) to any other
Person, and such other Person shall thereupon become vested with all the
benefits in respect thereof granted to such Lender herein or otherwise, in each
case as provided in Section 11.06 of the Credit Agreement.
Section 27. Release; Termination. (a) Upon any sale, lease,
transfer or other disposition of any item of Collateral of any Grantor in
accordance with the terms of the Loan Documents (other than sales of Inventory
in the ordinary course of business), the Collateral Agent will, at such
Grantor's expense, execute and deliver to such Grantor such documents as such
Grantor shall reasonably request to evidence the release of such item of
Collateral from the assignment and security interest granted hereby; provided,
however, that (i) at the time of such request and such release no Default shall
have occurred and be continuing, (ii) such Grantor shall have delivered to the
Collateral Agent, at least ten Business Days prior to the date of the proposed
release, a written request for release describing the item of Collateral and the
terms of the sale, lease, transfer or other disposition in reasonable detail,
including, without limitation, the price thereof and any expenses in connection
therewith, together with a form of release for execution by the Collateral Agent
and a certificate of such Grantor to the effect that the transaction is in
compliance with the Loan Documents and as to such other matters as the
Collateral Agent may request and (iii) the proceeds of any such sale, lease,
transfer or other disposition required to be applied, or any payment to be made
in connection therewith, in accordance with Section 2.05 of the Credit Agreement
shall, to the extent so required, be paid or made to, or in accordance with the
instructions of, the Collateral Agent when and as required under Section 2.05 of
the Credit Agreement.
31
(b) Upon the latest of (i) the payment in full in cash of the
Secured Obligations, (ii) the Maturity Date and (iii) the termination,
expiration or Cash Collateralization of all Letters of Credit and all Secured
Hedge Agreements, the pledge and security interest granted hereby shall
terminate and all rights to the Collateral shall revert to the applicable
Grantor. Upon any such termination, the Collateral Agent will, at the applicable
Grantor's expense, execute and deliver to such Grantor promptly upon request
such documents and instruments as are reasonably necessary to evidence such
termination, including any UCC termination statements, lien releases, mortgage
releases, discharges of security interests, reassignments of Intellectual
Property Collateral, terminations of control agreements, termination of
insurance endorsements and other similar discharge or release documents (and if
applicable, in recordable form) as are necessary to release, of record, the
Liens and security interests granted pursuant to this Agreement and any other
Loan Documents. In addition, the Collateral Agent agrees to release any Lien on
any item of Collateral that is the subject of a sale or other dispositions of
assets permitted by the Credit Agreement.
Section 28. Execution in Counterparts. This Agreement may be
executed in any number of counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page
to this Agreement by telecopier shall be effective as delivery of an original
executed counterpart of this Agreement.
Section 29. The Mortgages. In the event that any of the
Collateral hereunder is also subject to a valid and enforceable Lien under the
terms of any Mortgage and the terms of such Mortgage are inconsistent with the
terms of this Agreement, then with respect to such Collateral, the terms of such
Mortgage shall be controlling in the case of fixtures and real estate leases,
letting and licenses of, and contracts and agreements relating to the lease of,
real property, and the terms of this Agreement shall be controlling in the case
of all other Collateral.
Section 30. Governing Law. This Agreement shall be governed
by, and construed in accordance with, the laws of the State of New York.
32
IN WITNESS WHEREOF, each Grantor has caused this Agreement to
be duly executed and delivered by its officer thereunto duly authorized as of
the date first above written.
AMES TRUE TEMPER, INC.
By /s/ Judy Schuchart
----------------------------------
Title: Chief Financial Officer
Address for Notices: ATT HOLDING CO.
- -------------------
465 Railroad Avenue
Camp Hill, Pa 17011
By /s/ Richard C. Dell
----------------------------------
Title: CEO
Address for Notices: AMES TRUE TEMPER PROPERTIES, INC.
- -------------------
1011 Centre Road, Suite 310
Wilmington, DE 19805
By /s/ Judy Schuchart
----------------------------------
Title: Chief Financial Officer
SCHEDULE I TO THE
SECURITY AGREEMENT
LOCATION, CHIEF EXECUTIVE OFFICE, PLACE WHERE AGREEMENTS ARE
MAINTAINED, TYPE OF ORGANIZATION, JURISDICTION OF ORGANIZATION
AND ORGANIZATIONAL IDENTIFICATION NUMBER
CHIEF PLACE WHERE
EXECUTIVE AGREEMENTS ARE TYPE OF JURISDICTION OF ORGANIZATIONAL
GRANTOR LOCATION OFFICE MAINTAINED ORGANIZATION ORGANIZATION I.D. NO.
- -------- ---------- ------------- -------------- --------------- --------------- --------------
Ames True Temper, Inc. 465 Railroad Avenue 465 Railroad Avenue 465 Railroad Avenue Corporation Delaware
Camp Hill, PA 17011 Camp Hill, PA 17011 Camp Hill, PA 17011
ATT Holding Co. 465 Railroad Avenue 465 Railroad Avenue 465 Railroad Avenue Corporation Delaware
Camp Hill, PA 17011 Camp Hill, PA 17011 Camp Hill, PA 17011
Ames True Temper 1011 Centre Road 1011 Centre Road 1011 Centre Road Corporation Michigan
Properties, Inc. Suite 310 Suite 310 Suite 310
Wilmington, DE 19805 Wilmington, DE 19805 Wilmington, DE 19805
SCHEDULE II TO THE
SECURITY AGREEMENT
PLEDGED EQUITY AND PLEDGED DEBT
PART I
- -----------------------------------------------------------------------------------------------------------------------------------
PERCENTAGE PERCENTAGE
OF OF
CLASS OF NUMBER OUTSTANDING NUMBER OUTSTANDING
EQUITY CERTIFICATE OF SHARE SHARES OF SHARES SHARES
GRANTOR ISSUER INTEREST PAR VALUE NO(S) OUTSTANDING OWNED PLEDGED PLEDGED
- -----------------------------------------------------------------------------------------------------------------------------------
ATT Holding Co. Ames True Common $1.00 C-7 1,000 100% 1,000 100%
Temper, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
Ames True 1507395 Ontario Common No nominal CS-5 2 100% 1.32 66%
Temper, Inc. Limited Shares or par value
- -----------------------------------------------------------------------------------------------------------------------------------
Ames True 1507396 Ontario Common No nominal CS-5 2 100% 1.32 66%
Temper, Inc. Limited Shares or par value
- -----------------------------------------------------------------------------------------------------------------------------------
Ames True Ames True Temper Common 2 100 100% 100 100%
Temper, Inc. Properties, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
Ames True True Temper Ordinary (euro)1.269738 16 647,350 100% 427,251 66%
Temper, Inc. Limited Shares
- -----------------------------------------------------------------------------------------------------------------------------------
PART II
- -------------------------------------------------------------------------------------------------------------------------------
OUTSTANDING
DEBT DESCRIPTION OF DEBT CERTIFICATE PRINCIPAL
GRANTOR ISSUER DEBT NO(S). FINAL MATUIRTY AMOUNT
- -------------------------------------------------------------------------------------------------------------------------------
Ames True Temper Ames True Temper, Inc. Intercompany Loan N/A June 28, 2013 $71,868,190.76
Properties, Inc.
- -------------------------------------------------------------------------------------------------------------------------------
Ames True Temper Ames True Temper, Inc. Intercompany Loan N/A June 28, 2013 $0
Properties, Inc.
- -------------------------------------------------------------------------------------------------------------------------------
Ames True Temper Inc. True Temper Limited Intercompany Loan N/A June 28, 2013 (euro)722,803.94
- -------------------------------------------------------------------------------------------------------------------------------
SCHEDULE III TO THE
SECURITY AGREEMENT
ASSIGNED AGREEMENTS(1)
---------------------
GRANTOR ASSIGNED AGREEMENT
- ------- ------------------
Ames True Temper, 2003 Marketing Agreement, dated March 17, 2003 by and between
Inc. Ames True Temper, Inc. and Maintenance Warehouse, a Home
Depot Company.
Ames True Temper, USA Rebate Agreement, dated September 10, 2003, by and
Inc. between Ames True Temper, Inc. and the Home Depot.
Ames True Temper, Vendor Agreement, dated January 24, 2003 by and between Ames
Inc. True Temper, Inc. and Lowe's.
Ames True Temper, USA Rebate Agreement, dated Sept. 22, 2003 by and between
Inc. Ames True Temper formerly Dynamic Design Inc. and The Home
Depot.
Ames True Temper, USA Marketing Agreement, dated Sept. 12, 2003 by and between
Inc. Ames True Temper and The Home Depot.
Ames True Temper, USA Marketing Agreement, dated Oct. 13, 2003 by and between
Inc. Ames True Temper and The Home Depot.
Ames True Temper, Sino-American Chengde Greenlife Home Products Co., Ltd.
Inc. Contract, between Pingquan County Stampling Factory,
Chengde, Hebei, P.R.C. and Ames True Temper, Inc., including
Supplemental Agreement, dated July 25, 2003.
Ames True Temper, Joint Venture Agreement of Fujian Greenlife Tools of Garden
Inc. Co. Ltd., among Fujian Huakun Implement Company Limited,
Fuzhou Huatian Auto Accessories Company Limited, Mr. Dick
Liao and Ames True Temper, Inc., including Supplemental
Agreement, dated September 16, 2003.
Ames True Temper, Sino-American Greenlife Tools Co., Ltd. Dalian Contract,
Inc. between Shushi (Dalian) Steel Shovel Manufacturing Co., Ltd.
and Ames True Temper, Inc., including Supplemental Agreement,
dated July 24, 2003.
Ames True Temper, Agreement, effective October 6, 2003, between Ames True
Inc. Temper, Inc. and Carpenters' District Council of Greater St.
Louis and Vicinity, an Affiliate of the United Brotherhood of
Carpenters and Joiners of America, AFL-CIO.
Ames True Temper, Collective Bargaining Agreement, effective October 1, 2001,
Inc. by and between Ames Harrisburg Plant and The United
Steelworkers of America, AFL-CIO Local #1688, Unit 9.
Ames True Temper, Union City Agreement, effective April 19, 2003, between Ames
Inc. True Temper, Inc. and the General Teamsters Local 397,
Affiliate of the International Brotherhood of Teamsters.
Ames True Temper, Labor Agreement, effective September 19, 1998, between O.
Inc. Ames Co. Plant #1 and United Steelworkers of America,
AFL-CIO Local #1651.
- ----------
(1) Subject to limitations set forth in Section 1(k) of the Security Agreement.
SCHEDULE IV TO THE
SECURITY AGREEMENT
LOCATION OF EQUIPMENT AND INVENTORY
AMES TRUE TEMPER, INC.
- ----------------------
POSTAL
ADDRESS CITY STATE CODE EQUIPMENT INVENTORY
------- ---- ----- ------ --------- ---------
UNITED STATES
- -------------
2849 Paces Ferry Road Atlanta GA 30339 x
522 S Walnut St Bernie MO 63822 x
206 E Hunt St Bernie MO 63822 x x
74 Hale Street Bridgewater MA 02324 x x
Route 209 South (59985 Southgate Road) Byesville OH 43723 x x
60900 Leyshan Dr Byesville OH 43723 x x
465 Railroad Ave Camp Hill PA 17011 x x
239 Solomon St Campaign TN 38550 x x
1 True Temper Drive Carlisle PA 17013 x x
940 South First St Clay City IL 62824 x x
817 E South Main St Dexter MO 63841 x
21460 Township Road 342 Dexter City OH 45727 x x
Highway 73 South Falls City NE 68355 x x
1500 S Cameron St Harrisburg PA 17104 x x
122 Backstretch Lane Mooresville NC 28117 x
1405 Industrial Dr North Vernon IN 47265 x x
Rt 2 Palmyra ME 4965 x
3801 Camden (Plant #1) Parkersburg WV 26101 x x
114 Smith Road Pine Valley NY 14872 x x
991 Marion Road Princeton KY 42445 x x
3450 Airway Drive, Suite 400 Reno NV 89511 x x
196 Clifton St Unadilla NY 13849 x x
55 Pleasant St Union City PA 16438 x x
2 Maple St Wallingford VT 5773 x x
CHINA
- -----
#3203, Hangmei Road Shanghai, China x
AMES TRUE TEMPER PROPERTIES
- ---------------------------
None
ATT HOLDING CO.
- ---------------
None
THIRD PARTY LOCATIONS OF INVENTORY AND EQUIPMENT
AMES TRUE TEMPER, INC.
- ----------------------
Air Molded Products 1 Phyllis & Clark Streets, Hazlet, NJ 07730*
Artistic Plastics 530 E. Cerritos Avenue, Anaheim, CA 92805*
Colonie Plastics 188 Candlewood Road, Bay Shore, NY 11706*
Excel Distribution 15620 Shoemaker Avenue, Santa Fe Springs, CA 90670*
F&M Plastics 62 Lakeview Street, Leominster, MA 01453*
Injectron Corp 1000 South 2nd Street, Plainfield, NJ 07063*
Montrose Molders St. Nicholas Avenue, S. Plainfield, NJ 07080*
Nursery Supplies 534 W. Struck Avenue, Orange, CA 92667*
Nursery Supplies 1415 Orchard Drive, Chambersburg, PA 17201*
Surprise Plastics 124-57th Street, Brooklyn, NY 11220*
Total Molding 882 Baker Lane, Winchester, VA 22603*
AMES TRUE TEMPER PROPERTIES
- ---------------------------
None
ATT HOLDING CO.
- ---------------
None
SCHEDULE V TO THE
SECURITY AGREEMENT
CHANGES IN NAME, LOCATION, ETC.
CHANGES IN THE GRANTOR'S NAME (INCLUDING NEW GRANTOR WITH A NEW NAME AND NAMES
ASSOCIATED WITH ALL PREDECESSORS IN INTEREST OF THE GRANTOR) DURING FIVE YEARS
PRECEDING CLOSING DATE
- -------------------------------------------------------------------------------
COMPANY FORMER NAMES
------- ------------
- -------------------------------------------------------------------------------
ATT HOLDING CO. ATT ACQUISITION CO.
- -------------------------------------------------------------------------------
AMES TRUE TEMPER, INC. AMES TRUE TEMPER
AMES
O. AMES CO
TRUE TEMPER HARDWARE COMPANY
AMES COMPANY
AMES LAWN & GARDEN TOOLS
IXL MANUFACTURING COMPANY, INC.
DYNAMIC DESIGN
GREENLIFE
AMES PLANTER, INC.
OUTDOOR INSPIRATION
- -------------------------------------------------------------------------------
AMES TRUE TEMPER PROPERTIES, INC. O. AMES PROPERTIES
TRUE TEMPER PROPERTIES
- -------------------------------------------------------------------------------
CHANGES IN THE GRANTOR'S LOCATION DURING FIVE MONTHS PRECEDING CLOSING DATE
None
CHANGES IN THE GRANTOR'S CHIEF EXECUTIVE OFFICE DURING FIVE YEARS PRECEDING
CLOSING DATE
None
CHANGES IN THE LOCATION OF EQUIPMENT AND INVENTORY DURING FOUR MONTHS PRECEDING
CLOSING DATE
None
CHANGES IN THE PLACE WHERE AGREEMENTS ARE MAINTAINED DURING FOUR MONTHS
PRECEDING CLOSING DATE
None
CHANGES IN THE TYPE OF ORGANIZATION DURING FIVE YEARS PRECEDING CLOSING DATE
None
CHANGES IN THE JURISDICTION OF ORGANIZATION
None
CHANGES IN THE ORGANIZATIONAL IDENTIFICATION NUBMER
None
SCHEDULE VI TO THE
SECURITY AGREEMENT
INTELLECTUAL PROPERTY
I. PATENTS
- --------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- --------------------------------------------------------------------------------------------------------------------------
Ratchet Lopper D401,485 11/24/1998 11/24/2012 29/081,426 US
- --------------------------------------------------------------------------------------------------------------------------
Dual Pruning Blade D395,382 6/23/1998 6/23/2012 29/071,589 US
- --------------------------------------------------------------------------------------------------------------------------
Gardening Tool for Loosening Soil 5,706,900 1/13/1998 08/752,715 US
- --------------------------------------------------------------------------------------------------------------------------
Tool with Handle 5,674,022 10/7/1997 08/474,699 US
- --------------------------------------------------------------------------------------------------------------------------
AMES TRUE TEMPER, INC.
- --------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- --------------------------------------------------------------------------------------------------------------------------
Planter and method of manufacturing
same 6,360,484 03/26/2002 5/9/2020 09/567,781 US
- --------------------------------------------------------------------------------------------------------------------------
Watering can D401,668 11/24/1998 11/24/2012 29/079,813 US
- --------------------------------------------------------------------------------------------------------------------------
Wheelbarrow with leg extension 87514 09/10/1999 09/10/2009 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Handle grip 90,868 01/11/2000 1/11/2014 1998-3071 CANADA
- --------------------------------------------------------------------------------------------------------------------------
7" Scraper 92,916 07/20/2001 7/20/2011 2000-2802 CANADA
- --------------------------------------------------------------------------------------------------------------------------
8" Scraper 92,915 07/20/2001 7/20/2011 2000-2801 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Autotracking workcenter cart hose 93,144 07/31/2001 7/31/2011 2000-2804 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Autotracking reel easy deck/patio
hose reel 93,143 07/31/2001 7/31/2011 2000-2803 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Wrought iron trellis 93,682 10/26/2001 10/26/2011 2001-0843 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Plastic grain scoop 4,655,494 04/07/1987 7/30/2006 06/891,049 US
- --------------------------------------------------------------------------------------------------------------------------
Garden tool sleeve 5,641,237 06/24/1997 11/7/2015 08/553,971 US
- --------------------------------------------------------------------------------------------------------------------------
Utility cart with tool handle holding
device 5,615,903 01/04/1997 1/4/2016 08/584,208 US
- --------------------------------------------------------------------------------------------------------------------------
Portable Hose Cart Assembly 5,794,649 8/18/1998 10/1/2016 08/724,668 US
- --------------------------------------------------------------------------------------------------------------------------
Hose Storage Device 5,934,314 08/10/1999 12/2/2017 08/982,694 US
- --------------------------------------------------------------------------------------------------------------------------
Portable stackable wagon assembly 5,876,049 03/02/1999 2/13/2018 09/023,080 US
- --------------------------------------------------------------------------------------------------------------------------
Portable stackable wagon assembly 6,079,720 06/27/2000 9/30/2018 09/163,180 US
- --------------------------------------------------------------------------------------------------------------------------
Dual mode spreader 6,138,927 10/31/2000 3/1/2019 09/259,329 US
- --------------------------------------------------------------------------------------------------------------------------
Portable stackable wagon 6,193,247 02/27/2001 3/5/2019 US
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- --------------------------------------------------------------------------------------------------------------------------
Tool with detachable handle 6,328,361 12/11/2001 12/7/2019 09/456,840 US
- --------------------------------------------------------------------------------------------------------------------------
Auto racking hose reel center
assembly 6,338,360 01/15/2002 4/12/2021 09/832,845 US
- --------------------------------------------------------------------------------------------------------------------------
Elongated tool handle D388,669 01/06/1998 1/6/2012 29/058,226 US
- --------------------------------------------------------------------------------------------------------------------------
Round point shovel with toothed blade D397,279 08/25/1998 8/25/2012 29/071,445 US
- --------------------------------------------------------------------------------------------------------------------------
Flat end spade with toothed blade D388,668 01/06/1998 1/6/2012 29/058,220 US
- --------------------------------------------------------------------------------------------------------------------------
Poly leaf rake D393,786 04/28/1998 4/28/2013 29/069,106 US
- --------------------------------------------------------------------------------------------------------------------------
Portable hose reel frame D323,228 01/14/1992 1/14/2006 US
- --------------------------------------------------------------------------------------------------------------------------
Hose reel D317,113 05/28/1991 5/28/2005 US
- --------------------------------------------------------------------------------------------------------------------------
Wall support for a hose reel D341,768 11/30/1993 11/30/2007 US
- --------------------------------------------------------------------------------------------------------------------------
Wall supported hose reel D341,770 11/30/1993 11/30/2007 US
- --------------------------------------------------------------------------------------------------------------------------
Lawn cart D355,515 02/14/1995 2/14/2009 29/021,565 US
- --------------------------------------------------------------------------------------------------------------------------
Child's snow tool D381,375 07/22/1997 7/22/2011 29/037,776 US
- --------------------------------------------------------------------------------------------------------------------------
Cassette hose reel D374,166 10/01/1996 10/1/2010 29/041,437 US
- --------------------------------------------------------------------------------------------------------------------------
36" snow pusher D375,882 11/26/1996 11/26/2010 US
- --------------------------------------------------------------------------------------------------------------------------
Folding handle for a sleigh shovel D376,965 12/31/1996 12/13/2010 29/046,095 US
- --------------------------------------------------------------------------------------------------------------------------
Aluminum hand trowel D375,881 11/26/1996 11/26/2010 29/045,518 US
- --------------------------------------------------------------------------------------------------------------------------
Aluminum hand transplanter D375,027 10/29/1996 10/29/2010 29/045,516 US
- --------------------------------------------------------------------------------------------------------------------------
Aluminum hand cultivator D375,236 11/05/1996 11/5/2010 29/045,517 US
- --------------------------------------------------------------------------------------------------------------------------
Sleigh shovel with wheels D375,235 11/05/1996 11/5/2010 29/046,096 US
- --------------------------------------------------------------------------------------------------------------------------
Snow shovel D381,875 08/05/1997 8/5/2011 29/045,710 US
- --------------------------------------------------------------------------------------------------------------------------
Portable hose cart assembly RE.37,442 11/13/2001 10/1/2016 09/465,172 US
- --------------------------------------------------------------------------------------------------------------------------
Hose reel-design for basket D390,093 02/03/1998 2/3/2412 29/063,528 US
- --------------------------------------------------------------------------------------------------------------------------
Portable hose cart frame assembly D390,315 02/03/1998 2/3/2012 29/063,527 US
- --------------------------------------------------------------------------------------------------------------------------
Hose reel support-caddie side frame D390,095 02/03/1998 2/3/2012 29/063,526 US
- --------------------------------------------------------------------------------------------------------------------------
Rake-Mongoose handle D391,132 02/24/1998 2/24/2012 29/062,841 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner (courtyard series) D393,189 04/07/1998 4/7/2012 29/065,262 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner (nursery series) D396,615 08/04/1998 8/4/2012 29/065,267 US
- --------------------------------------------------------------------------------------------------------------------------
Garden wagon D391,732 03/03/1998 3/3/2012 US
- --------------------------------------------------------------------------------------------------------------------------
Dual mode spreader D413,904 09/14/1999 9/14/2013 US
- --------------------------------------------------------------------------------------------------------------------------
Drop spreader D413,903 09/14/1999 9/14/2013 US
- --------------------------------------------------------------------------------------------------------------------------
Broadcast spreader D414,783 10/05/1999 10/5/2013 US
- --------------------------------------------------------------------------------------------------------------------------
Tine rake with ergo handle D413,234 08/31/1999 8/31/2013 US
- --------------------------------------------------------------------------------------------------------------------------
Round p. & square p. shovels with
ergo handles D413,774 09/14/1999 9/14/2013 US
- --------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- -------------------------------------------------------------------------------------------------------------------------
Utility cart D459,564 06/25/2002 6/25/2016 29/141,548 US
- -------------------------------------------------------------------------------------------------------------------------
Pruners with translucent handles D457,402 05/21/2002 5/21/2016 29/146,609 US
- -------------------------------------------------------------------------------------------------------------------------
Design true cut bypass hand pruner D464,539 10/22/2002 10/22/2016 29/150,248 US
- -------------------------------------------------------------------------------------------------------------------------
A bypass type hand pruner D472,433 04/O1/2003 4/1/2017 29/164,167 US
- -------------------------------------------------------------------------------------------------------------------------
An apertured blade for a hand pruner D476,199 06/24/2003 6/24/2017 29/175,892 US
- -------------------------------------------------------------------------------------------------------------------------
True cut anvil hand purer D464,541 10/22/2002 10/22/2016 29/150,250 US
- -------------------------------------------------------------------------------------------------------------------------
True cut hedge shears D478,792 08/26/2003 8/26/2017 29/150,245 US
- -------------------------------------------------------------------------------------------------------------------------
Shears D482,580 11/25/2003 11/25/2017 29/176,681 US
- -------------------------------------------------------------------------------------------------------------------------
Scoop D434,287 11/28/2000 11/28/2014 US
- -------------------------------------------------------------------------------------------------------------------------
Autotracking reel easy deck/patio hose
reel D448,652 10/02/2001 10/2/2015 29/123,046 US
- -------------------------------------------------------------------------------------------------------------------------
Autotracking workcenter cart hose reel D449,914 10/30/2001 10/30/2015 29/123,045 US
- -------------------------------------------------------------------------------------------------------------------------
True Cut Bypass Type Hand Pruner D472,433 4/1/2003 4/1/2017 29/164,167 US
- -------------------------------------------------------------------------------------------------------------------------
8" scraper D449,143 10/09/2001 10/9/2015 29/122,450 US
- -------------------------------------------------------------------------------------------------------------------------
7" scraper D452,759 01/01/2002 1/1/2016 29/122,451 US
- -------------------------------------------------------------------------------------------------------------------------
Wrought iron trellis D448,491 09/25/2001 9/25/2015 29/135,016 US
- -------------------------------------------------------------------------------------------------------------------------
Replaceable blade pruner D458,070 06/04/2002 6/14/2016 29/142,746 US
- -------------------------------------------------------------------------------------------------------------------------
Replaceable blade pruner 6,625,888 9/30/2003 10/2/2021 09/968,662 US
- -------------------------------------------------------------------------------------------------------------------------
Stone edge large (landscape 18"
section) D448,861 10/02/2001 10/2/2015 29/135,740 US
- -------------------------------------------------------------------------------------------------------------------------
Hose reel carrier (wall mount auto
hack) D460,343 07/16/2002 7/16/2016 29/138,454 US
- -------------------------------------------------------------------------------------------------------------------------
Hose reel carrier 97287 04/30/2002 4/30/2007 2001-1970 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Tool handle grip D360,122 07/11/1995 7/11/2009. 29/015,575 US
- -------------------------------------------------------------------------------------------------------------------------
Tool handle grip 74824 09/22/1994 9/22/2004 1994-0332 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Snow scoop or similar article D328,553 08/11/1992 8/11/2006 566,003 US
- -------------------------------------------------------------------------------------------------------------------------
Snow shovel blade D329,176 09/08/1992 9/8/2006 566,030 US
- -------------------------------------------------------------------------------------------------------------------------
Tool handle with hand grip D388,293 12/30/1997 12/30/2011 29/058,222 US
- -------------------------------------------------------------------------------------------------------------------------
Collar for hand tools D329,013 09/01/1992 9/1/2006 07/117,104 US
- -------------------------------------------------------------------------------------------------------------------------
Tool handle D376,742 12/24/1996 12/24/2010 29/041,946 US
- -------------------------------------------------------------------------------------------------------------------------
Garden rake head D376,301 12/10/1996 12/10/2010 29/043,580 US
- -------------------------------------------------------------------------------------------------------------------------
Garden hoe head D376,519 12/17/I996 12/17/2010 29/043,581 US
- -------------------------------------------------------------------------------------------------------------------------
Garden cultivator head D376,076 12/03/1996 12/3/2010 291043,582 US
- -------------------------------------------------------------------------------------------------------------------------
Garden tool sleeve D379,422 05/27/1997 5/27/2011 29/043,583 US
- -------------------------------------------------------------------------------------------------------------------------
Pair of handle grips D418,734 01/11/2000 1/11/2014 29/091,959 US
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- -------------------------------------------------------------------------------------------------------------------------
Wheelbarrow leg extension D408,955 04/27/1999 4/27/2013 29/087,354 US
- -------------------------------------------------------------------------------------------------------------------------
Wheelbarrow leg extension D404,883 01/26/1999 4/26/2013 29/088,031 US
- -------------------------------------------------------------------------------------------------------------------------
Wheelbarrow leg extension D404,881 01/26/1999 1/26/2013 29/088,029 US
- -------------------------------------------------------------------------------------------------------------------------
Wheelbarrow leg extension D404,882 01/26/1999 1/26/2013 29/088,030 US
- -------------------------------------------------------------------------------------------------------------------------
Wheelbarrow leg extension D408,607 04/20/1999 4/20/2013 29/091,343 US
- -------------------------------------------------------------------------------------------------------------------------
Shovel element D435,406 12/26/2000 12/26/2014 29/091,790 US
- -------------------------------------------------------------------------------------------------------------------------
Foot support D412,093 07/20/1999 7/20/2013 29/091,789 US
- -------------------------------------------------------------------------------------------------------------------------
Lopper D464,540 10/22/2002 10/22/2016 29/150,249 US
- -------------------------------------------------------------------------------------------------------------------------
Hose hanger apparatus 6,488,240 12/03/2002 12/3/2019 10/066,700 US
- -------------------------------------------------------------------------------------------------------------------------
Round point shovel with toothed blade D388,292 12/30/1997 12/30/2011 29/058,221 US
- -------------------------------------------------------------------------------------------------------------------------
Scoop 91018 11/30/2000 11/30/2010 1999-3050 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Primers for cutting vegetation TBD 10/197,495 US
- -------------------------------------------------------------------------------------------------------------------------
Pruners for cutting vegetation TBD 2,411,641 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Method of making textured edging TBD 10/036,370 US
- -------------------------------------------------------------------------------------------------------------------------
Improved quick connect tool TBD 2,455,687 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Conveyor painting system TBD 10/338,900 US
- -------------------------------------------------------------------------------------------------------------------------
Universal replacement tool handle 5,415,448 05/16/1995 8/11/2013 08/104,289 US
- -------------------------------------------------------------------------------------------------------------------------
Forklift D355,292 2/7/1995 2/7/2009 29/012,188 US
- -------------------------------------------------------------------------------------------------------------------------
Hose Reel Carrier Assembly TBD 10/994,859 US
- -------------------------------------------------------------------------------------------------------------------------
Hose Reel Carrier Assembly N/A N/A N/A 2,346,502 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Tool Hanger 98,228 3/28/2002 3/28/2007 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Snow Shovel 91,017 11/30/2000 11/30/200 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Tool with Detachable Handle - Yukon
Snow Shovel N/A N/A N/A 2,298,042 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Planter and method of manufacturing
same TBD 2,346,629 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Watering Can 86,290 3/26/1999 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Hole Forming Assembly for Irrigation
Tubing 6,009,625 1/4/2000 09/080,467 US
- -------------------------------------------------------------------------------------------------------------------------
Plow Handle D357,615 4/25/1995 4/25/2009 29/013,344 US
- -------------------------------------------------------------------------------------------------------------------------
Striking tool head system & common
elongated handle for multiple tool
head assembles 5,735,630 04/07/1998 4/4/2018 08/437,999 US
- -------------------------------------------------------------------------------------------------------------------------
36" Snow pusher 80,496 04/18/1997 4/18/2007 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Lawn cart 76,833 07/20/1995 7/20/2005 CANADA
- -------------------------------------------------------------------------------------------------------------------------
Lawn cart 76,834 07/20/1995 7/20/2005 CANADA
- -------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- --------------------------------------------------------------------------------------------------------------------------
Cassette Hose Reel 79225 10/11/1996 10/11/2006 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Wheeled hose reel support D395,111 06/09/1998 6/9/2012 29/068,338 US
- --------------------------------------------------------------------------------------------------------------------------
Wheeled hose reel support 85784 2/12/1999 2/12/2009 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Snow shovel D433,889 11/21/2000 11/21/2014 US
- --------------------------------------------------------------------------------------------------------------------------
Hose Reel 81,666 8/29/1997 8/29/2007 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Handle for hand tools D314,500 02/12/1991 2/12/2005 146,146 US
- --------------------------------------------------------------------------------------------------------------------------
Lawn rake 4,573,311 03/04/1986 7/14/2004 06/650,968 US
- --------------------------------------------------------------------------------------------------------------------------
Lawn Rake 1,254,790 5/30/1989 5/30/2006 650,968 CANADA
- --------------------------------------------------------------------------------------------------------------------------
OWNED BY EITHER AMES TRUE TEMPER, INC. OR AMES TRUE TEMPER PROPERTIES, INC.
- --------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- --------------------------------------------------------------------------------------------------------------------------
Aluminum hand trowel 79,294 10/18/1996 10/18/2006 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Aluminum hand transplanter 79,295 10/18/1996 10/18/2006 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Aluminum hand cultivator 79,296 10/18/1996 10/18/2006 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Sleigh shovel with wheels 80495 4/18/1997 4/18/2007 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Folding Handle for a Sleigh Shovel 80497 4/18/1997 4/18/2007 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Portable hose cart frame assembly 83800 5/18/1998 5/8/2008 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Rake-Mongoose handle 84906 10/9/1998 10/9/2008 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Rake-Mongoose handle 84907 10/9/1998 10/9/2008 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Wheel assembly and method of forming
such assembly 605,735 07/03/1991 7/3/2007 AUSTRALIA
- --------------------------------------------------------------------------------------------------------------------------
Spreader agitator 843270 10/02/1984 7/20/2009 843270 FRANCE
- --------------------------------------------------------------------------------------------------------------------------
Head Assembly for a Rake 57,256 2/4/1986 N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
Collar for hand tools 602836 03/11/1991 10/18/2004 AUSTRIA
- --------------------------------------------------------------------------------------------------------------------------
Collar for hand tools RME0041 11/11/1991 11/11/2016 ITALY
- --------------------------------------------------------------------------------------------------------------------------
Handles for digging tools 0720522 9/26/2016 94927648.9 EUROPE
- --------------------------------------------------------------------------------------------------------------------------
Wheelbarrow with leg extension 11602 07/19/2000 10/30/2013 98 1096 MEXICO
- --------------------------------------------------------------------------------------------------------------------------
Simulated brick trim apparatus TBD 10/447,474 US
- --------------------------------------------------------------------------------------------------------------------------
Dual material tool handle TBD 10/360,422 US
- --------------------------------------------------------------------------------------------------------------------------
PATENT
PCT/US200 COOPERATION
Dual material tool handle TBD 3/036266 TREATY
- --------------------------------------------------------------------------------------------------------------------------
Collapsible wheelbarrow and associated
method TBD 10/216,071 US
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
EXPIRATION
DESCRIPTION PATENT NO. PATENT DATE DATE SERIAL NO. COUNTRY FILED
- --------------------------------------------------------------------------------------------------------------------------
Collapsible wheelbarrow and associated
method TBD 10/737,047 US
- --------------------------------------------------------------------------------------------------------------------------
Collapsible wheelbarrow and associated
method TBD 091124074 TAIWAN
- --------------------------------------------------------------------------------------------------------------------------
Collapsible wheelbarrow TBD 10/431,078 US
- --------------------------------------------------------------------------------------------------------------------------
An anvil type hand pruner TBD 29/98/376 US
- --------------------------------------------------------------------------------------------------------------------------
Shears TBD 29/189/371 US
- --------------------------------------------------------------------------------------------------------------------------
Wheelbarrow with leg extension TBD CHILE
- --------------------------------------------------------------------------------------------------------------------------
Wheelbarrow with leg extension TBD ARGENTINA
- --------------------------------------------------------------------------------------------------------------------------
Hose reel bench apparatus TBD 10/633,841 US
- --------------------------------------------------------------------------------------------------------------------------
Hose reel bench TBD 29/187,610 US
- --------------------------------------------------------------------------------------------------------------------------
Method of making textured edging TBD 10/616,077 US
- --------------------------------------------------------------------------------------------------------------------------
Improved quick connect tool TBD 10/352,667 US
- --------------------------------------------------------------------------------------------------------------------------
Tool handle TBD 29/187,840 US
- --------------------------------------------------------------------------------------------------------------------------
Packaged wheelbarrow and associated
method TBD 10/637,473 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner TBD 29/187,851 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner TBD 29/187,852 US
- --------------------------------------------------------------------------------------------------------------------------
Garden cutting tool TBD 29/187,924 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner TBD 29/187,929 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner (small) TBD 29/187,839 US
- --------------------------------------------------------------------------------------------------------------------------
Pruner (large) TBD 29/187,923 US
- --------------------------------------------------------------------------------------------------------------------------
Combination garden tool TBD 10/637,462 US
- --------------------------------------------------------------------------------------------------------------------------
Wheelbarrow frame TBD 29/187,607 US
- --------------------------------------------------------------------------------------------------------------------------
Molded article having hollow rim
portion and process for producing such
articles TBD 03/001416 MEXICO
- --------------------------------------------------------------------------------------------------------------------------
Molded article having hollow rim
portion and process for producing such
articles TBD 10/344,781 US
- --------------------------------------------------------------------------------------------------------------------------
True Cut Lopper Blade - 2 Hold Design TBD US
- --------------------------------------------------------------------------------------------------------------------------
Spreader Agitator 54026 02/19/1985 30-07-84-7 CANADA
- --------------------------------------------------------------------------------------------------------------------------
A Spreader Agitator 1021057 02/29/1984 1021057 UK
- --------------------------------------------------------------------------------------------------------------------------
Collar for Hand Tools 62691 03/28/1989 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Head assembly for a post hold digger 850,406 01/31/1985 850,406 FRANCE
- --------------------------------------------------------------------------------------------------------------------------
Collar for hand tools 882,507 04/15/1988 4/15/2013 882,507 FRANCE
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
PATENT EXPIRATION COUNTRY
DESCRIPTION NO PATENT DATE . DATE SERIAL NO. FILED
- --------------------------------------------------------------------------------------------------------------------------
Molded article having hollow rim
portion and process for producing
such articles TBD 2,419,426 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Hose storage device N/A N/A N/A 2223115 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Handles for digging tool 2,282,095 03/29/1995 3/29/2005 UK
- --------------------------------------------------------------------------------------------------------------------------
Handles for Digging Tools 69407804 2/12/1998 607804 GERMANY
- --------------------------------------------------------------------------------------------------------------------------
II. TRADEMARKS
AMES TRUE TEMPER PROPERTIES, INC.
- --------------------------------------------------------------------------------------------------------------------------
RENEWAL COUNTRY
MARK REG. NO SERIAL NO. REG. DATE DATE FILED
- --------------------------------------------------------------------------------------------------------------------------
Ultragrip N/A 78/295,504 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Ultragrip N/A 1,190,461 N/A N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
Ames Copperhead N/A 78/323,955 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Awes True Temper N/A 76/100,239 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Ames True Temper N/A 1,162,086 N/A N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
Ames True Temper Backyard N/A 78/245,670 N/A N/A US
Pro
- --------------------------------------------------------------------------------------------------------------------------
Arctic Blast N/A 78/216,422 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Avalanche Ergo N/A 78/211,544 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Backyard Pro N/A 78/245,656 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Classic Contour NIA 78/285,470 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Deco-Garden N/A 1,099,213 N/A N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
Earth Tools N/A 1,158,103 N/A N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
Flat Free N/A 78/365,221 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Fold & Store N/A 78/391,619 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Gardenscapes N/A 78/297,362 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Lawn Buddy TMA608404 1,158,102 04/23/2004 04/23/2019 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Modern Classics N/A 78/240,434 N/A NIA US
- --------------------------------------------------------------------------------------------------------------------------
Natural Fit N/A 78/192,937 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Natural Fit N/A 1,181,186 N/A N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
Nature Expert N/A 78/211,533 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Nordic N/A 1,011,809 N/A NIA I CANADA
- --------------------------------------------------------------------------------------------------------------------------
Real Tools for Kids N/A 1,181,566 N/A N/A CANADA
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
RENEWAL COUNTRY
MARK REG. NO SERIAL NO. REG. DATE DATE FILED
- --------------------------------------------------------------------------------------------------------------------------
Rhino N/A 78/317,499 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Silver Max N/A 78/335,540 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
True Temper Silver Max N/A 78/335,553 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Zero Friction N/A 78/240,419 N/A N/A US
- --------------------------------------------------------------------------------------------------------------------------
Action Hoe 1,050,526 73/073,543 10/19/1976 10/19/2006 US
- --------------------------------------------------------------------------------------------------------------------------
Alpine TMA530150 874,113 07/14/2000 07/14/2015 CANADA
- --------------------------------------------------------------------------------------------------------------------------
American 826,082 72/248,760 03/21/1967 3/21/2007 US
- --------------------------------------------------------------------------------------------------------------------------
Ames 262,338 71/282,456 10/08/1929 10/8/2009 US
- --------------------------------------------------------------------------------------------------------------------------
Ames TMA531596 712,229 08/22/2000 8/22/2015 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 800,650 72/211,548 12/21/1965 12/21/2005 US
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 182235 19956736 05/29/1997 05/29/2007 NORWAY
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 323479 199512357 05/23/1997 05/23/2007 SWEDEN
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774. & Design 39543404 395434041 10/14/1996 10/30/2005 GERMANY
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design TMA538278 712,230 12/05/2000 12/05/2015 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design UNITED
2042675 2042675 10/26/1995 10/26/2005 KINGDOM
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 588763 858034 10/26/1995 10/26/2005 BENELUX
- --------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 95593794 95593794 10/23/1995 10/22/2005 FRANCE
- --------------------------------------------------------------------------------------------------------------------------
Auto Track 2,556,624 75/726,705 04/02/2002 04/02/2012 US
- --------------------------------------------------------------------------------------------------------------------------
Auto Track TMA563790 1019237 06/20/2002 06/20/2017 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Bantam & Design 821,115 72/249,196 12/27/1966 12/27/2006 US
- --------------------------------------------------------------------------------------------------------------------------
Big 10 2,110,016 75/147,708 10/28/1997 10/27/2007 US
- --------------------------------------------------------------------------------------------------------------------------
Big 10 TMA520504 829,335 12/14/1999 12/14/2014 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Black Beauty TMA434308 731,485 10/07/1994 10/07/2009 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Black Beauty 1,385,912 73/553,032 03/11/1986 03/11/2006 US
- --------------------------------------------------------------------------------------------------------------------------
Black Cat TMA211834 382,362 01/30/1976 01/30/2006 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Blue Max TMA541805 868,922 03/01/2001 03/01/2016 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Bull Dog TMDA
012160 059,788 07/30/1907 07/30/2017 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Bull Dog 185,969 71/188,613 07/01/1924 7/1/2004 US
- --------------------------------------------------------------------------------------------------------------------------
Clear Cut 2,541,597 76/043,040 02/19/2002 02/19/2012 US
- --------------------------------------------------------------------------------------------------------------------------
Comet 237,935 71/243,249 01/24/1928 1/24/2008 US
- --------------------------------------------------------------------------------------------------------------------------
Comfort Plus TMA434310 731,489 10/07/1994 10/07/2009 CANADA
- --------------------------------------------------------------------------------------------------------------------------
Deco-Garden 2,667,036 76/161,333 12/24/2002 12/24/2012 US
- --------------------------------------------------------------------------------------------------------------------------
Deco-Garden 2,786,600 78/201,431 11/25/2003 11/25/2013 US
- --------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- -----------------------------------------------------------------------------------------------------------------------------------
Dig-ezy TMA434317 733,254 10/07/1994 10/07/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Dig-ezy 988,345 72/455,520 07/16/1974 7/16/2004 US
- ----------------------------------------------------------------------------------------------------------------------------------
Drive-ezy 672,780 72/055,495 01/20/1959 1/20/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Earth Tools 2,599,804 76/278,174 07/23/2002 07/23/2012 US
- ----------------------------------------------------------------------------------------------------------------------------------
Easy Roller 2,047,129 74/711,301 03/25/1997 03/25/2007 US
- ----------------------------------------------------------------------------------------------------------------------------------
Falcon 1,900,370 74/538,264 06/20/1995 6/20/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Fox TMA210621 382,360 11/14/1975 11/14/2005 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Fox & Design TMDA 484,256 11/09/1917 11/09/2012 CANADA
023002
- ----------------------------------------------------------------------------------------------------------------------------------
Fox & Design 185,955 71/188,614 07/01/1924 7/1/2004 US
- ----------------------------------------------------------------------------------------------------------------------------------
Freezer-Maid 784,624 72/186,729 02/09/1965 2/9/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Fresh Cut 2,738,409 76/326,738 07/15/2003 07/15/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Garant 1,380,138 73/528,237 01/28/1986 01/28/2006 US
- ----------------------------------------------------------------------------------------------------------------------------------
Gard 'N' Grip TMA442974 683,031 05/19/1995 05/19/2010 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Gard'n Grip 2,645,671 76/347,968 11/05/2002 11/05/2012 US
- ----------------------------------------------------------------------------------------------------------------------------------
Grain Hog 1,365,261 73/527,590 10/15/1985 10/15/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Grain Hog TMA438385 731,488 01/27/1995 1/27/2010 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Greensweeper 964,130 72/433,285 07/17/1973 07/17/2003 US
- ----------------------------------------------------------------------------------------------------------------------------------
Greensweeper TMA434488 731,423 10/14/1994 10/14/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Gromaster 1,493,926 73/699,739 06/28/1988 06/28/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Gromaster & Design 1,494,847 73/699,738 07/05/1988 07/05/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Groove-Loc TMA135115 268,048 04/03/1964 04/03/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Hose King 1,564,559 73/771,875 11/07/1989 11/07/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Hose King & Design TMA440507 731,484 03/17/1995 03/17/2010 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Jackson 708,354 72/093,611 12/13/1960 12/13/2010 US
- ----------------------------------------------------------------------------------------------------------------------------------
Jackson 708,388 72/093,612 12/13/1960 12/13/2010 US
- ----------------------------------------------------------------------------------------------------------------------------------
Jackson Blue Max 2,495,585 75/859,395 10/09/2001 10/9/2011 US
- ----------------------------------------------------------------------------------------------------------------------------------
Knox-All 173,433 71/166,645 09/25/1923 9/25/2003 US
- ----------------------------------------------------------------------------------------------------------------------------------
Kodiak 1,505,621 73/699,359 09/27/1988 9/27/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Landscaper Tough 1,829,212 74/400,257 04/05/1994 04/05/2014 US
- ----------------------------------------------------------------------------------------------------------------------------------
Lawn Buddy 2,639,152 76/320,209 10/22/2002 10/22/2012 US
- ----------------------------------------------------------------------------------------------------------------------------------
Lawn-Groom 788,994 72/175,423 05/04/1965 5/4/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Level Best TMA538792 847,392 12/18/2000 12/18/2015 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Level Best 2,200,563 75/283,323 10/27/1998 10/27/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- -----------------------------------------------------------------------------------------------------------------------------------
Long John 800,656 72/216,179 12/21/1965 12/21/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Lynx 1,507,860 73/699,360 10/11/1988 10/11/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Miracle TMA445546 731,487 07/28/1995 07/28/2010 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Moose TMA210381 382,361 10/31/1975 10/31/2005 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Nordic 2,413,629 75/681,207 12/19/2000 12/19/2010 US
- ----------------------------------------------------------------------------------------------------------------------------------
Peerless-Ram 1,022,292 72/455,521 10/07/1975 10/7/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Pony 607,255 71/669,519 06/14/1955 6/14/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Pony TMA434309 731,486 10/07/1994 10/07/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Power Step TMA462065 706,670 08/30/1996 08/30/2011 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Power Surge 2,232,088 75/425,938 03/16/1999 03/16/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Rake; Gather, Go TMA540012 866,763 01/22/2001 01/22/2016 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Real Tools for Kids 2,819,799 78/200,753 03/02/2004 03/02/2014 US
- ----------------------------------------------------------------------------------------------------------------------------------
Reel Easy 2,007,257 74/685,082 10/08/1996 10/08/2006 US
- ----------------------------------------------------------------------------------------------------------------------------------
Reel Easy 2165250 2165250 04/24/1998 04/24/2008 UNITED
KINGDOM
- ----------------------------------------------------------------------------------------------------------------------------------
Reeleasy & Design 2,508,296 75/263,231 11/20/2001 11/20/2011 US
- ----------------------------------------------------------------------------------------------------------------------------------
Roto-Edger 576,045 71/632,291 06/16/1953 6/16/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Safety Sleeve 2,733,053 76/304,055 07/01/2003 07/01/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Simu-Slate 2,698,759 78/053,993 03/18/2003 03/18/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Simu-Slate TMA587037 1,097,608 08/13/2003 08/13/2018 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Site Safe 2,200,564 75/283,324 10/27/1998 10/27/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Site Safe TMA538794 847,390 12/18/2000 12/18/2015 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Site Safe TMA540197 872,463 01/24/2001 01/24/2016 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Snow Hawk 2,405,654 75/739,529 11/21/2000 11/21/2010 US
- ----------------------------------------------------------------------------------------------------------------------------------
Snowblazer 2,794,883 78/200,387 12/16/2003 12/16/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Snozone 2,181,460 75/236,579 08/11/1998 08/11/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Steel*Lite 996,374 72/455,519 10/22/1974 10/22/2004 US
- ----------------------------------------------------------------------------------------------------------------------------------
Stinger & Design TMA440294 731,503 03/10/1995 03/10/2010 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Stone Edge 2,670,355 78/053,451 12/31/2002 12/31/2012 US
- ----------------------------------------------------------------------------------------------------------------------------------
Stone Edge TMA587293 1,097,604 08/14/2003 08/14/2018 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Sturde TMDA 123,809 04/22/1925 04/22/2005 CANADA
037623
- ----------------------------------------------------------------------------------------------------------------------------------
Super D TRA355357 608,721 05/05/1989 05/05/2004 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Super D 1,257,581 73/364,637 11/15/1983 11/15/2003 US
- ----------------------------------------------------------------------------------------------------------------------------------
Super D & Design 1,388,352 73/546,678 04/01/1986 4/1/2006 US
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- -----------------------------------------------------------------------------------------------------------------------------------
Thermo-Wrap 2,324,882 75/428,612 02/29/2000 02/28/2010 US
- -----------------------------------------------------------------------------------------------------------------------------------
Total Control TMA544007 874,337 04/23/2001 4/23/2016 CANADA
- -----------------------------------------------------------------------------------------------------------------------------------
Total Control 2,336,658 75/448,571 03/28/2000 03/28/2010 US
- -----------------------------------------------------------------------------------------------------------------------------------
Treadstep 2,438,415 75/928,494 03/27/2001 3/27/2011 US
- -----------------------------------------------------------------------------------------------------------------------------------
Tred Step TMA544014 874,338 04/23/2001 4/23/2016 CANADA
- -----------------------------------------------------------------------------------------------------------------------------------
True American 2,257,714 75/291,427 06/29/1999 06/29/2009 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 283,564 71/310,276 06/02/1931 6/2/2011 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 2,205,580 75/366,798 11/24/1998 11/24/2008 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 260,024 71/279,523 08/13/1929 8/13/2009 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 50,733 2745/66 08/04/1967 08/04/2007 FINLAND
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper & Design 355504 06/15/1987 06/15/2007 SWITZERLAND
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper & Design TMDA 146,814 07/16/1930 07/16/2015 CANADA
049932
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 101,553 A 6320 9WZ 06/19/1917 06/19/1997 GERMANY
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 2,052,057 T 32 112/8 WZ 12/15/1993 06/30/2001 GERMANY
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 157,334 19915477 06/24/1993 6/24/2013 NORWAY
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper Basics TMA478048 755,926 06/18/1997 06/18/2012 CANADA
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper Classic Plus 1,869,244 74/415,133 12/27/1994 12/27/2004 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper EZ2 Handle 2,450,140 75/809,652 05/08/2001 5/8/2011 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper Flat Free 2,481,931 76/012,394 08/28/2001 08/28/2011 US
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper Gardener 2,792,785 78/053,783 12109/2003 12/09/2013 US
- -----------------------------------------------------------------------------------------------------------------------------------
True-Cut TMA542819 868,921 03/21/2001 03/21/2016 CANADA
- -----------------------------------------------------------------------------------------------------------------------------------
TT 770,296 72/170,241 05/26/1964 5/26/2004 US
- -----------------------------------------------------------------------------------------------------------------------------------
TT & Design TMA137619 814,919 10/09/1964 10/09/2009 CANADA
- -----------------------------------------------------------------------------------------------------------------------------------
TT & Design 397,113 07/01/1991 07/01/2011 SWITZERLAND
- -----------------------------------------------------------------------------------------------------------------------------------
TT & Design 51,997 2746/66 03/20/1968 03/20/2008 FINLAND
- -----------------------------------------------------------------------------------------------------------------------------------
Yukon TMA543346 874,112 04/03/2001 04/03/2016 CANADA
- -----------------------------------------------------------------------------------------------------------------------------------
Courtyard Series 2,161,842 75/281,493 6/2/1998 6/2/2008 US
- -----------------------------------------------------------------------------------------------------------------------------------
Dynalite 765,040 72/169,084 2/18/1964 2/18/2004 US
- -----------------------------------------------------------------------------------------------------------------------------------
Greenhouse Series 2,161,841 75/281,491 6/2/1998 6/2/2008 US
- -----------------------------------------------------------------------------------------------------------------------------------
Gromaster Series 2,197,412 75/281,492 10/20/1998 10/20/2008 US
- -----------------------------------------------------------------------------------------------------------------------------------
Shark Attack 2,102,150 75/061,300 9/30/1997 9/30/2007 US
- -----------------------------------------------------------------------------------------------------------------------------------
Stinger & Design 1,620,874 74/033,101 11/6/1990 US
- -----------------------------------------------------------------------------------------------------------------------------------
The Old Gardener 1,916,000 74/480,878 9/5/1995 9/5/2005 US
- -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- ----------------------------------------------------------------------------------------------------------------------------------
Tuf-Max 2,437,446 75/546,828 3/20/2001 3/20/2011 US
- ----------------------------------------------------------------------------------------------------------------------------------
Tuf-Plus 2,419,727 75/546,443 1/9/2001 1/9/2011 US
- ----------------------------------------------------------------------------------------------------------------------------------
Grow America 2,138,181 75/058,294 2/24/1998 2/24/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Nature's Edge 2,755,691 76/447,250 8/26/2003 8/26/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Nursery Series 2,183,136 75/281,490 8/18/1998 8/18/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Softside N/A 78/403,171 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
Northface N/A 78/150,721 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
Ames True Temper Avalanche Ergo N/A 78/211,553 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
Easy Store N/A 78/193,725 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper Easy Store N/A 78/193,730 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
Garden Chariot N/A 78/415,620 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
Brick Basics N/A 78/168,259 N/A N/A US
- ----------------------------------------------------------------------------------------------------------------------------------
Nature's Edge N/A 1,161,285 N/A N/A CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
TT & Design 253,226 199106289 11/5/1993 11/5/2003 SWEDEN
- ----------------------------------------------------------------------------------------------------------------------------------
TT & Design 253,225 199106288 11/5/1993 11/5/2003 SWEDEN
- ----------------------------------------------------------------------------------------------------------------------------------
AMES TRUE TEMPER, INC.
----------------------
- ----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- ----------------------------------------------------------------------------------------------------------------------------------
Feather Lite 2,462,918 75/507,481 06/19/2001 06/19/2011 US
- ----------------------------------------------------------------------------------------------------------------------------------
Wristsaver 2,278,385 75/345,735 09/14/1999 09/14/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Poly-punch 2,246,576 75/298,236 05/18/1999 05/18/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Tradesman 2,296,733 75/395,964 11/30/1999 11/30/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Yellowjacket Brand & Design 1,340,745 73/251,697 06/11/1985 06/11/2005 US
- ----------------------------------------------------------------------------------------------------------------------------------
Reel Easy & Design N/A 1,085,286 N/A N/A CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 207782 199506120 10/15/1997 10/15/2007 FINLAND
- ----------------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 4344695 H07-113790 12/17/1999 12/17/2009 JAPAN
- ----------------------------------------------------------------------------------------------------------------------------------
Bronco 2,284,402 75/263,232 10/12/1999 10/12/2009 US
- ----------------------------------------------------------------------------------------------------------------------------------
Douglas 989,919 72/427,355 08/06/1974 US
- ----------------------------------------------------------------------------------------------------------------------------------
Reel Easy TMA551491 816,531 09/25/2001 09/25/2016 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Reel Easy 854950 854950 10/04/1999 06/18/2008 EPO Community
Trademark
- ----------------------------------------------------------------------------------------------------------------------------------
Stinger 2,332,195 75/662,535 03/21/2000 3/21/2010 US
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- ---------------------------------------------------------------------------------------------------------------------------------
US (Oregon State
Miscellaneous Design T20156 OR3000002677 2/19/1985 Registration)
- ---------------------------------------------------------------------------------------------------------------------------------
TT & Design 73,034 90,075 11/23/1967 11/23/2007 NORWAY
- ---------------------------------------------------------------------------------------------------------------------------------
Big 8 TMA520496 829,334 12/14/1999 12/14/2014 CANADA
- ---------------------------------------------------------------------------------------------------------------------------------
Power Step 152820B 152820 05/01/1992 04/30/2009 IRELAND
- ---------------------------------------------------------------------------------------------------------------------------------
Power Surge TMA520503 829,338 12/14/1999 12/14/2014 CANADA
- ---------------------------------------------------------------------------------------------------------------------------------
Power-Collar 161965 161965 03/30/1994 3/29/2011 IRELAND
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 1907 303VR N/A 07/24/1907 07/24/2007 DENMARK
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 1937 1402VR N/A 11/20/1937 11/20/2007 DENMARK
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 1937 1043VR N/A 11/20/1937 11/20/2007 DENMARK
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 73177B 73177B 07/10/1967 07/10/2016 IRELAND
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 114,959 114,959 05/23/1984 05/23/2005 IRELAND
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper N/A 3140 2001MI N/A N/A ITALY
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper B1370727 B1370727 2/5/1993 01/21/2006 UNITED
KINGDOM
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 137,884 872524 08/03/1989 08/03/2009 NORWAY
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper (Device) 1,481,426 INPI946604 08/03/1988 08/03/2008 FRANCE
- ---------------------------------------------------------------------------------------------------------------------------------
TT & Design 1967 1400VR 1966 2942VA 05/12/1967 05/12/2007 DENMARK
- ---------------------------------------------------------------------------------------------------------------------------------
TT True Temper 1967 2864VR 1966 4853VA 10/06/1967 10/06/2007 DENMARK
- ---------------------------------------------------------------------------------------------------------------------------------
OWNED BY EITHER AMES TRUE TEMPER, INC. OR AMES TRUE TEMPER PROPERTIES, INC.
---------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- ---------------------------------------------------------------------------------------------------------------------------------
Garant 91046830 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
Garant 3401038 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Garant 3401037 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Garant 1,066,292 91046831 11/16/2003 11/15/2013 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
Ames 3401022 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Ames 3401012 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Ames 3401041 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Ames 3401040 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Ames 3401039 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 103943 PHILIPPINES
- ----------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 3455431 CHINA
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 3455415 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 3455414 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 3455413 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 3455412 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
Papagayo COSTA RICA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 3401035 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 3401036 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 3401034 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 3401033 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 3401013 CHINA
- ---------------------------------------------------------------------------------------------------------------------------------
A Ames & Design 525882 406076 10/30/1998 10/30/2008 CHILE
- ---------------------------------------------------------------------------------------------------------------------------------
Ames 1,062,998 91046832 11/01/2003 10/31/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames 1,065,565 91046833 11/16/2003 11/15/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames 1,066,294 91046834 11/16/2003 11/15/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames 1,070,495 91046835 12/01/2003 11/30/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames 1,063,723 91046836 11/01/2003 10/31/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames & Design 101555 800650 ISRAEL
- ---------------------------------------------------------------------------------------------------------------------------------
Ames Lawn and Garden Tools 647507 329103 05/04/1999 05/04/2009 MEXICO
- ---------------------------------------------------------------------------------------------------------------------------------
Ames Since 1774 & Design 96770 08/28/1996 COSTA RICA
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 1,076,007 092011050 12/01/2003 11/30/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 1,076,122 092011051 12/01/2003 11/30/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 1,074,465 092011052 12/01/2003 11/30/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 1,080,916 092011053 01/16/2004 01/15/2014 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Ames True Temper 1,077,047 092011054 12/01/2003 11/30/2013 TAIWAN
- ---------------------------------------------------------------------------------------------------------------------------------
Badger 403,639 52194 05/23/1985 10/22/2004 BENELUX
- ---------------------------------------------------------------------------------------------------------------------------------
Eco Masters 566952 12/15/1997 11/04/2007 MEXICO
- ---------------------------------------------------------------------------------------------------------------------------------
Jackson 87002255 MA/2255/87 12/22/1997 06/09/2004 MALAYSIA
- ---------------------------------------------------------------------------------------------------------------------------------
Papagayo 135069 05/15/2003 05/15/2013 DOMINICAN
REPUBLIC
- ---------------------------------------------------------------------------------------------------------------------------------
Rake Gather & Go 2,408,455 75/839,716 11/28/2000 11/28/2010 US
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 1,865,923 2.360.541 04/04/2002 04/04/2012 ARGENTINA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 006999670 39054/78 09/25/1979 09/25/1999 BRAZIL
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 242503 AM/0283 11/22/1988 11/22/2008 INDONESIA
- ---------------------------------------------------------------------------------------------------------------------------------
True Temper 132359 06/15/1966 06/15/2001 MEXICO
- ---------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- -----------------------------------------------------------------------------------------------------------------------------------
True Temper 1,865,922 2.360.540 04/04/2002 04/04/2012 ARGENTINA
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper B454740 454740 11/03/1986 11/03/2007 AUSTRALIA
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper B454742 454742 11/03/1986 11/03/2007 AUSTRALIA
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 118661 169046 09/10/1987 09/09/2007 THAILAND
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 127376 169047 09/10/1987 09/09/2007 THAILAND
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 118533 169048 09/10/1987 09/09/2007 THAILAND
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 118599 169049 09/10/1987 09/09/2007 THAILAND
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 53.741 4.187 11/28/1967 11/28/1997 VENEZUELA
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 1,062,999 91046837 11/01/2003 10/31/2013 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 1,065,566 91046838 11/16/2003 11/15/2013 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 1,066,294 91046839 11/16/2003 11/15/2013 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 1,070,496 91046840 12/01/2003 11/30/2013 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 1,063,724 91046841 11/01/2003 10/31/2013 TAIWAN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper Basics 485978 202079 03/24/1995 06/14/2004 MEXICO
- ----------------------------------------------------------------------------------------------------------------------------------
TT & Design 53,646 4.187 11/07/1967 11/07/1997 VENEZUELA
- ----------------------------------------------------------------------------------------------------------------------------------
TT & Design 006995330 038517/78 09/25/1979 09/25/1999 BRAZIL
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 2,537,153 02-068606 05/31/1993 05/31/2003 JAPAN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 622,282 2148 91 MI 6/13/1994 3/22/2001 ITALY
- ----------------------------------------------------------------------------------------------------------------------------------
TT & Design 622,281 2147 91 MI 6/13/1994 03/22/2001 ITALY
- ----------------------------------------------------------------------------------------------------------------------------------
Nature Expert N/A 1,164,283 N/A N/A CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Blizzard TMA430722 723,219 07/22/1994 07/22/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Comfort Design TMA422801 721,157 01/28/1994 01/28/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Garant & Design TMA329320 562,924 06/26/1987 06/26/2017 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Ideal TMA422029 720,167 01/07/1994 01/07/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Kodiak & Design TMA426406 659,291 04/22/1994 04/22/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Lynx TMA374352 575,197 10/19/1990 10/19/2005 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Meteor TMA422028 720,161 01/07/1994 01/07/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Ceramic Lite 2,769,968 76/350,478 09/30/2003 09/30/2013 US
- ----------------------------------------------------------------------------------------------------------------------------------
Bulldog & Design 2,349,291 75/425,819 05/16/2000 05/16/2010 US
- ----------------------------------------------------------------------------------------------------------------------------------
Superlight 2,194,946 75/266,334 10/13/1998 10/13/2008 US
- ----------------------------------------------------------------------------------------------------------------------------------
Classic Plus 1,200,222 73/318,606 7/6/1982 7/6/2002 US
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 1370913 1370913 NIA 01/21/2006 UNITED
KINGDOM
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 1282527 1NP1712594 08/23/1984 08/22/2004 FRANCE
- ---------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
RENEWAL
MARK REG. NO. SERIAL NO. REG. DATE DATE COUNTRY FILED
- -----------------------------------------------------------------------------------------------------------------------------------
Badger & Design 855,152 855,152 N/A 10/11/2008 UNITED
KINGDOM
- ----------------------------------------------------------------------------------------------------------------------------------
Badger & Design 1,371,416 1,371,416 9/28/1990 01/27/2006 UNITED
KINGDOM
- ----------------------------------------------------------------------------------------------------------------------------------
Badger Design 130,894 130,894 01/30/1989 01/29/2010 IRELAND
- ----------------------------------------------------------------------------------------------------------------------------------
Badger Design 1,370,997 1,370,997 1/10/1992 01/25/2006 UNITED
KINGDOM
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 113157 113157 08/13/1984 08/12/2005 IRELAND
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 1076555 T 23706/ 8WZ 05/02/1985 8/31/2004 GERMANY
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 2821/85 4445/84 08/23/1985 08/23/2005 DENMARK
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 121414 842839 07/04/1985 07/04/2005 NORWAY
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 195,240 84-5868 03/15/1985 03/15/2005 SWEDEN
- ----------------------------------------------------------------------------------------------------------------------------------
Badger 335,698 4399 02/04/1984 08/14/2004 SWITZERLAND
- ----------------------------------------------------------------------------------------------------------------------------------
Darby 114673 114673 08/13/1984 08/12/2005 IRELAND
- ----------------------------------------------------------------------------------------------------------------------------------
Darby 403,205 52193 10/22/1984 10/22/2004 BENELUX
- ----------------------------------------------------------------------------------------------------------------------------------
Darby 1076554 T23705 8WZ 05/02/1985 08/14/2004 GERMANY
- ----------------------------------------------------------------------------------------------------------------------------------
Darby 1,282,495 1NPI712595 08/23/1984 08/23/2004 FRANCE
- ----------------------------------------------------------------------------------------------------------------------------------
Darby 335,699 NIA N/A 08/14/2004 SWITZ-ERLAND
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 503,182 A 27974 9WZ 6/17/1938 11/30/2007 GERMANY
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 71,441 90,074 02/23/1967 02/23/2007 NORWAY
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 120,848 3335/66 09/01/1967 09/01/2007 SWEDEN
- ----------------------------------------------------------------------------------------------------------------------------------
True Temper 1967 3163VR 1966 2941 VA 11/03/1967 11/03/2007 DENMARK
- ----------------------------------------------------------------------------------------------------------------------------------
Blue Diamond Design TMA452754 764,189 01/05/1996 01/05/2011 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Cougar & Design TMA488176 790,954 01/26/1998 01/26/2013 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Delta & Design TMA432352 722,306 08/26/1994 08/26/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Ergo-concept & Design TMA428689 727,453 06/10/1994 06/10/2009 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Feather Light & Design TMA482893 753,184 09/24/1997 09/24/2012 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Garden Care & Design TMA474555 740,606 04/11/1997 04/11/2012 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Grizzly & Design TMA467623 783,389 12/13/1996 12/13/2011 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Les Petits Jardiniers TMA438995 706,544 02/10/1995 02/10/2010 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
Super Leger & Design TMA467181 753,186 12/05/1996 12/05/2011 CANADA
- ----------------------------------------------------------------------------------------------------------------------------------
III. TRADE NAMES
NAMES
- -----
IV. COPYRIGHTS
AMES TRUE TEMPER, INC.
----------------------
- --------------------------------------------------------------------------------------------------------------------
TITLE REGISTRATION NO. DATE REGISTERED STATUS
- --------------------------------------------------------------------------------------------------------------------
Hartwell Product Catalog TX1727222 8/27/1985 Registered
- --------------------------------------------------------------------------------------------------------------------
The IXL Group: Product Catalog TX1651366 8/27/1985 Registered
- --------------------------------------------------------------------------------------------------------------------
Product Catalog/LaPierre, the LaPierre-Sawyer Handle Company TX1646646 8/27/1985 Registered
- --------------------------------------------------------------------------------------------------------------------
Hickory Tool Handles, Agricultural Tool Handles: Catalog TX437881 8/27/1980 Registered
- --------------------------------------------------------------------------------------------------------------------
Grapevine Pot VA463129 7/19/1999 Registered
- --------------------------------------------------------------------------------------------------------------------
American Heritage Pot VA950563 5/3/1999 Registered
- --------------------------------------------------------------------------------------------------------------------
V. IP AGREEMENTS
GRANTOR IP AGREEMENTS
------- -------------
Ames True Temper, Inc. License Agreement, dated June 1, 2003, between Stanley Logistics, Inc.
and The Stanley Works and Ames True Temper, Inc.
Ames True Temper, Inc. License Agreement, dated October 1, 2003, between Harry S. Billado, Jr.
and Ames True Temper, Inc.
Ames True Temper, Inc. License Agreement, dated March 11, 2003, between Primary Design Build
Corporation and Ames True Temper, Inc.
Ames True Temper, Inc. License and Supply Agreement, dated May 5, 2003, by and between
Ames True Temper, Inc. and Microban Products Company.
Ames True Temper, Inc. Oracle License and Services Agreement, dated February 28, 2003, between
Oracle Corporation and Ames True Temper, Inc.
Ames True Temper, Inc. Software License and Services Agreement with Ceridian Corporation
contract # A0046-9718.
Ames True Temper, Inc. Software License Agreement, as amended, dated August 29, 2000, between
Manugistics, Inc. and Ames True Temper, Inc.
Ames True Temper, Inc. Composite Agreement, including Software License Agreement, dated
May 28, 1998, between Catalyst International, Inc. and O. Ames Co.
Ames True Temper, Inc. Risk Management Information Systems Service and License Agreement, dated
February 11, 2004 by and between Zurich American Insurance Company and
Ames True Temper.
SCHEDULE VII TO THE
SECURITY AGREEMENT
ACCOUNT COLLATERAL(1)
- ------------------------------------------------------------------------------------------------
NAME AND ADDRESS OF
GRANTOR PLEDGED ACCOUNT BANK ACCOUNT NUMBER ACCOUNT PURPOSE
- ------------------------------------------------------------------------------------------------
Ames True Wachovia Bank, National 2000590001449 Main Concentration
Temper, Inc. Association Account
600 Penn Street
Third Floor
Reading, Pennsylvania
19603
- ------------------------------------------------------------------------------------------------
Ames True Wachovia Bank, National 2000011218384 Investment Account
Temper, Inc. Association
600 Penn Street
Third Floor
Reading, Pennsylvania
19603
- ------------------------------------------------------------------------------------------------
Ames True Wachovia Bank, National 2079950065593 Accounts Payable
Temper, Inc. Association
600 Penn Street
Third Floor
Reading, Pennsylvania
19603
- ------------------------------------------------------------------------------------------------
Ames True Wachovia Bank, National 2079950065603 Timber
Temper, Inc. Association
600 Penn Street
Third Floor
Reading, Pennsylvania
19603
- ------------------------------------------------------------------------------------------------
Ames True Mellon Bank 103-6283(2) Deposit Account for
Temper, Inc. 500 Ross Street Lockboxes
Room 1380
Pittsburgh, PA 15262
- ------------------------------------------------------------------------------------------------
Ames True PNC Bank 5678702981 General Account
Temper 300 Delaware Avenue
Properties, Inc. Wilmington, Delaware
19801
- ------------------------------------------------------------------------------------------------
Ames True Wachovia Bank, National 2079950051413 Payroll Account
Temper, Inc. Association
600 Penn Street
Third Floor
Reading, Pennsylvania
19603
- ------------------------------------------------------------------------------------------------
Ames True Union Planters 9101006347 Medical Account
Temper, Inc. P.O. Box 78086
St. Louis, Missouri
63178
- ------------------------------------------------------------------------------------------------
- --------------------
(1) List all deposit accounts, including the L/C Collateral Account, the Cash
Concentration Account and the Other Deposit Accounts. Note that the
accounts listed in Schedule VIII should be included in this Schedule VII.
(2) Currently account is in the name of Wells Fargo Foothill. Paperwork is in
place for Ames True Temper, Inc. to assume this bank account on the Closing
Date.
SCHEDULE VIII TO THE
SECURITY AGREEMENT
ACCOUNT COLLATERAL NOT SUBJECT TO ACCOUNT CONTROL AGREEMENT
================================================================================
NAME AND ADDRESS
GRANTOR OF BANK ACCOUNT NUMBER
================================================================================
Ames True Temper, Inc. Wachovia Bank, National 2079950051413
Association
600 Penn Street
Third Floor
Reading, Pennsylvania
19603
- --------------------------------------------------------------------------------
Ames True Temper, Inc. Union Planters 9101006347
P.O. Box 78086
St. Louis, Missouri 63178
================================================================================
SCHEDULE IX TO THE
SECURITY AGREEMENT
COMMERCIAL TORT CLAIMS
None
SCHEDULE X TO THE
SECURITY AGREEMENT
LETTERS OF CREDIT
==============================================================================================================================
EXPIRATION
CUSTOMER BENEFICIARY ISSUING BANK L/C NUMBER AMOUNT DATE
==============================================================================================================================
Target Stores, Ames True Fleet National 1H1s07609 $ 9,327.36 7/15/2004
Import Operations, Temper, Inc. Bank
Division of Target
Corporation
- ------------------------------------------------------------------------------------------------------------------------------
LG SOURCING, Ames True Bank of
INC Temper, Inc. America 5169187 $ 11,846.70 7/9/2004
- ------------------------------------------------------------------------------------------------------------------------------
LG SOURCING, Ames True Bank of
INC Temper, Inc. America 5169407 $ 11,846.70 7/23/2004
- ------------------------------------------------------------------------------------------------------------------------------
LG SOURCING, Ames True Bank of
INC Temper, Inc. America 5168184 $ 66,750.48 6/26/2004
- ------------------------------------------------------------------------------------------------------------------------------
LG SOURCING, Ames True Bank of
INC Temper, Inc. America 5168994 $ 11,846.70 6/25/2004
- ------------------------------------------------------------------------------------------------------------------------------
Ames True PNC Bank
EMSCO Temper, Inc. I265682NJY $107,625.73 5/14/2004
- ------------------------------------------------------------------------------------------------------------------------------
Ames True Wachovia Bank
INTERLINE Temper, Inc. IC006205U $ 22,910.16 8/6/2004
- ------------------------------------------------------------------------------------------------------------------------------
LIM YEE WAN Ames True Bank of New
Temper, Inc. York $ 16,791.84
- ------------------------------------------------------------------------------------------------------------------------------
