TRADEMARK SECURITY AGREEMENT

Contract Categories: Business Finance - Security Agreements
EX-4.1.4 5 d489221dex414.htm EX-4.1.4 EX-4.1.4

Exhibit 4.1.4

TRADEMARK SECURITY AGREEMENT

This TRADEMARK SECURITY AGREEMENT (this “Trademark Security Agreement”) is made this 13th day of February, 2013, among the Pledgor listed on the signature pages hereof (the “Pledgor”), and Jefferies Finance LLC, in its capacity as Collateral Agent pursuant to the Second Lien Term Loan Agreement (in such capacity, together with its successors and assigns, the “Collateral Agent”).

W I T N E S S E T H:

WHEREAS, the Pledgor is party to a Second Lien Security Agreement dated as of February 13, 2013, in favor of the Collateral Agent pursuant to which the Pledgor is required to execute and deliver this Trademark Security Agreement.

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Pledgor hereby agrees as follows:

1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have the meanings given to them in the Security Agreement.

2. GRANT OF SECURITY INTEREST IN TRADEMARK COLLATERAL. The Pledgor hereby unconditionally grants, assigns, and pledges to the Collateral Agent, for the benefit of the Secured Parties, to secure the Secured Obligations, a continuing security interest (referred to in this Trademark Security Agreement as the “Security Interest”) in all of the Pledgor’s right, title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Trademark Collateral”):

(a) all of the Pledgor’s Trademarks and Trademark Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto;

(b) all goodwill, trade secrets, proprietary or confidential information, technical information, procedures, formulae, quality control standards, designs, operating and training manuals, customer lists, and other General Intangibles with respect to the foregoing;

(c) all reissues, continuations or extensions of the foregoing;

(d) all goodwill of the business connected with the use of, and symbolized by, each Trademark and each Trademark Intellectual Property License; and

(e) all products and proceeds (as that term is defined in the Code) of the foregoing, including any claim by the Pledgor against third parties for past, present or future (i) infringement or dilution of any Trademark or any Trademarks exclusively licensed under any Intellectual Property License, including right to receive any damages, (ii) injury to the goodwill associated with any Trademark, or (iii) right to receive license fees, royalties, and other compensation under any Trademark Intellectual Property License.


3. SECURITY FOR OBLIGATIONS. This Trademark Security Agreement and the Security Interest created hereby secures the payment and performance of all the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Trademark Security Agreement secures the payment of all amounts which constitute part of the Secured Obligations and would be owed by Pledgor to Collateral Agent, the Secured Parties or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving the Pledgor.

4. SECURITY AGREEMENT. The Security Interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interests granted to Collateral Agent, for the benefit of the Secured Parties, pursuant to the Security Agreement. The Pledgor hereby acknowledges and affirms that the rights and remedies of Collateral Agent with respect to the Security Interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. To the extent there is any inconsistency between this Trademark Security Agreement and the Security Agreement, the Security Agreement shall control.

5. AUTHORIZATION TO SUPPLEMENT. If the Pledgor shall obtain rights to any new trademarks, the provisions of this Trademark Security Agreement shall automatically apply thereto. The Pledgor shall give prompt notice in writing to Collateral Agent with respect to any such new trademarks or renewal or extension of any trademark registration. Without limiting Pledgor’s obligations under this Section, the Pledgor hereby authorizes Collateral Agent unilaterally to modify this Trademark Security Agreement by amending Schedule I to include any such new trademark rights of the Pledgor. Notwithstanding the foregoing, no failure to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Collateral Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I.

6. COUNTERPARTS. This Trademark Security Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Trademark Security Agreement in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by e-mail transmission shall be deemed an original signature hereto.

7. CONSTRUCTION. Unless the context of this Trademark Security Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Trademark Security Agreement refer to this Trademark Security Agreement as a whole and not to any particular provision of this Trademark Security Agreement. Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Trademark Security Agreement to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements,

 

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substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein to the satisfaction or repayment in full of the Secured Obligations shall mean the repayment in full in cash of all Secured Obligations other than unasserted contingent indemnification Obligations that, at such time, are not required by the provisions of the Second Lien Term Loan Agreement to be repaid. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein shall be satisfied by the transmission of a Record and any Record so transmitted shall constitute a representation and warranty as to the accuracy and completeness of the information contained therein.

8. CONTROLLING LAW. This Parent Security Agreement is to be governed and construed in accordance with the laws of the State of New York, without regard to the conflict of laws principles thereof.

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, Pledgor has caused this Trademark Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.

 

PLEDGOR:   STANADYNE CORPORATION, a Delaware corporation
  By:   /s/ STEPHEN S. LANGIN
  Name:   Stephen S. Langin
  Title:   Vice President, Chief Financial Officer and Secretary
  ACCEPTED AND ACKNOWLEDGED BY:
  JEFFERIES FINANCE LLC,
  as Collateral Agent
  By:   /s/ E. JOSEPH HESS
  Name:   E. Joseph Hess
  Title:   Managing Director


SCHEDULE I

to

TRADEMARK SECURITY AGREEMENT

U.S. Trademark Schedule

STANADYNE CORPORATION

REGISTERED TRADEMARKS

 

Pledgor

  

Mark

  

Registration No.

  

Registration
Date

Stanadyne Corporation    FUEL MANAGER    1699779    07-Jul-1992
Stanadyne Corporation    LUBRICITY FORMULA    2060155    06-May-1997
Stanadyne Corporation    P and Design    3256801    26-Jun-2007
Stanadyne Corporation    PENCIL NOZZLE    808434    17-May-1966
Stanadyne Corporation    PERFORMANCE FORMULA    1555387    12-Sep-1989
Stanadyne Corporation    PERFORMANCE FORMULA JUNIOR    1905211    18-Jul-1995
Stanadyne Corporation    RSN    2027064    31-Dec-1996
Stanadyne Corporation    S and Design    2331658    21-Mar-2000
Stanadyne Corporation    STANADYNE    1629975    01-Jan-1991
Stanadyne Corporation    STANADYNE    1622066    13-Nov-1990
Stanadyne Corporation    WINTER 1000    1549700    01-Aug-1989

Foreign Trademark Schedule

STANADYNE CORPORATION

REGISTERED TRADEMARKS

 

Pledgor

  

Country

  

Mark

  

Registration No.

  

Registration

Date

Stanadyne Corporation    Australia    STANADYNE    A455323    13-Jan-1989
Stanadyne Corporation    Australia    STANADYNE    A455321    13-Jan-1989
Stanadyne Corporation    Austria    STANADYNE    116315    25-Jun-1987
Stanadyne Corporation    Benelux    STANADYNE    428873    20-Nov-1987
Stanadyne Corporation    Brazil    STANADYNE    813459150    05-Sep-1989
Stanadyne Corporation    Canada    LUBRICITY FORMULA    TMA469,987    28-Jan-1997
Stanadyne Corporation    Canada    S (Stylized)    TMA531,884    29-Aug-2000
Stanadyne Corporation    Canada    STANADYNE    332257    25-Sep-1987
Stanadyne Corporation    China (People’s Republic)    S (Stylized)    8824773    21-Nov-2011
Stanadyne Corporation    China (People’s Republic)    STANADYNE    316438    20-Jun-1988
Stanadyne Corporation    China (People’s Republic)    STANADYNE    310536    20-Mar-1988
Stanadyne Corporation    China (People’s Republic)    STANADYNE and Design    8824770    14-Jan-2012
Stanadyne Corporation    European Community    P and Design    4140315    07-Feb-2006
Stanadyne Corporation    European Community    P PRECISION FUEL PUMPS and Design    4140356    07-Feb-2006

 

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Stanadyne Corporation    European Community    PENCIL NOZZLE    9652116    17-Jun-2011
Stanadyne Corporation    Finland    STANADYNE    116273    20-Jan-1992
Stanadyne Corporation    France    FUEL MANAGER    03 3 220 546    19-Sep-2003
Stanadyne Corporation    France    PERFORMANCE FORMULA and Design    95576670    20-Jun-1995
Stanadyne Corporation    France    RSN    97661438    11-Jul-1997
Stanadyne Corporation    France    S (Stylized)    99768035    18-Jun-1999
Stanadyne Corporation    France    STANADYNE    1384000    12-Dec-1986
Stanadyne Corporation    Germany    FUEL MANAGER    303 19 239    11-Apr-2003
Stanadyne Corporation    Germany    PERFORMANCE FORMULA and Design    395 24 340    17-Apr-1996
Stanadyne Corporation    Germany    RSN    396 20 803    17-Jan-1997
Stanadyne Corporation    Germany    S (Stylized)    399 00 686    02-Aug-1999
Stanadyne Corporation    Germany    STANADYNE    1 118 901    07-Mar-1988
Stanadyne Corporation    India    FUEL MANAGER    921535    08-Jun-2005
Stanadyne Corporation    India    PENCIL NOZZLE    921536    28-Apr-2000
Stanadyne Corporation    India    RSN    989931    09-Sep-2005
Stanadyne Corporation    India    S (Stylized)    921534    28-Dec-2005
Stanadyne Corporation    India    STANADYNE    471871    31-Aug-1994
Stanadyne Corporation    India    STANADYNE    471873    13-May-1993
Stanadyne Corporation    Italy    FUEL MANAGER    1056273    20-Jul-2007
Stanadyne Corporation    Italy    PERFORMANCE FORMULA and Design    1171732    11-Nov-1997
Stanadyne Corporation    Italy    RSN    1272654    29-Nov-1999
Stanadyne Corporation    Italy    S (Stylized)    1257037    04-Jul-2002
Stanadyne Corporation    Italy    STANADYNE    1222404    09-Jun-1987
Stanadyne Corporation    Japan    STANADYNE    1584035-2    27-Apr-1983
Stanadyne Corporation    Korea, Republic of    Miscellaneous Design    659541    21-Apr-2006
Stanadyne Corporation    Korea, Republic of    PRECISION FUEL PUMPS and Design    651799    17-Feb-2006
Stanadyne Corporation    Korea, Republic of    STANADYNE    40-0164234    08-Dec-1988
Stanadyne Corporation    Korea, Republic of    STANADYNE    40-0160389-1    07-Oct-1988
Stanadyne Corporation    Mexico    S and Design    650698    18-Apr-2000
Stanadyne Corporation    Norway    S (Stylized)    202929    18-May-2000
Stanadyne Corporation    Norway    STANADYNE    140490    22-Feb-1990
Stanadyne Corporation    Russian Federation    STANADYNE    463733    06-Jun-2012
Stanadyne Corporation    Russian Federation    STANADYNE and Design    463299    01-Jun-2012
Stanadyne Corporation    South Africa    STANADYNE    86/7350    18-May-1988
Stanadyne Corporation    South Africa    STANADYNE    86/7348    18-May-1988
Stanadyne Corporation    Spain    FUEL MANAGER    2550900    18-Dec-2003
Stanadyne Corporation    Spain    STANADYNE    1172558    18-Jun-1990
Stanadyne Corporation    Spain    STANADYNE    1585349    05-Jul-1993
Stanadyne Corporation    Sweden    STANADYNE    221325    01-Mar-1991
Stanadyne Corporation    Taiwan    STANADYNE    398418    16-Apr-1988
Stanadyne Corporation    Taiwan    STANADYNE    400029    01-May-1988
Stanadyne Corporation    Thailand    STANADYNE    Kor296309    27-Apr-2009
Stanadyne Corporation    Thailand    STANADYNE    Kor296308    27-Apr-2009
Stanadyne Corporation    United Kingdom    FUEL MANAGER    2329713    31-Oct-2003
Stanadyne Corporation    United Kingdom    RSN    2070782    01-Nov-1996
Stanadyne Corporation    United Kingdom    S (Stylized)    2188085    05-Jan-2000
Stanadyne Corporation    United Kingdom    STANADYNE    1295309    02-Dec-1988

 

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STANADYNE CORPORATION

PENDING TRADEMARKS

 

Pledgor

  

Country

  

Mark

  

Application No.

  

Filing Date

Stanadyne Corporation    China (People’s Republic)    FUEL MANAGER    8824769    09-Nov-2010
Stanadyne Corporation    Russian Federation    S (Stylized)    2010734439    27-Oct-2010

STANADYNE CORPORATION

TRADEMARK LICENSES

Stanadyne Corporation is a licensee under a certain Automotive Supplier Agreement, dated as of January 30, 1999, by and between the Lemelson Medical, Educational and Research Foundation (the “Lemelson Foundation”) and Stanadyne Automotive Corp. (nka Stanadyne Corporation) (the “Lemelson License Agreement”). Pursuant to the Lemelson License Agreement, Stanadyne Corporation obtained certain non-exclusive licenses and covenants not to sue from the Lemelson Foundation. The provisions of the Lemelson License Agreement prohibit Stanadyne Corporation from disclosing the terms of the Lemelson License Agreement to third parties.

 

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