EXHIBIT 10.42
TRADEMARK SECURITY AGREEMENT
This TRADEMARK SECURITY AGREEMENT (this "Trademark Security Agreement") is
made this 5th day of April, 2007, among Grantors listed on the signature pages
hereof (collectively, jointly and severally, "Grantors" and each individually
"Grantor"), and ▇▇▇▇▇ FARGO FOOTHILL, INC., in its capacity as Agent for the
Lender Group and the Bank Product Providers (together with its successors and
assigns in such capacity, "Agent").
WITNESSETH:
WHEREAS, pursuant to that certain Credit Agreement dated of November 30,
2004 (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, including all exhibits and schedules thereto, the
"Credit Agreement") among Altra Industrial Motion, Inc., a Delaware corporation
("Parent"), each of Parent's Subsidiaries identified on the signature pages
thereof (Parent and such Subsidiaries, "Borrowers"), the lenders party thereto
as "Lenders" ("Lenders"), and Agent, the Lender Group agreed to make certain
financial accommodations available to Borrowers from time to time pursuant to
the terms and conditions thereof;
WHEREAS, the members of the Lender Group are willing to make the financial
accommodations to Borrowers as provided for in the Credit Agreement, but only
upon the condition, among others, that Grantors shall have executed and
delivered to Agent, for the benefit of Lender Group and the Bank Product
Providers, that certain Security Agreement dated as of November 30, 2004
(including all annexes, exhibits or schedules thereto, as from time to time
amended, restated, amended and restated, supplemented or otherwise modified, the
"Security Agreement"); and
WHEREAS, pursuant to the Security Agreement, Grantors are required to
execute and deliver to Agent, for the benefit of Lender Group and the Bank
Product Providers, this Trademark Security Agreement.
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor hereby agrees as
follows:
1. DEFINED TERMS. All capitalized terms used but not otherwise defined
herein have the meanings given to them in the Security Agreement and/or the
Credit Agreement.
2. GRANT OF SECURITY INTEREST IN TRADEMARK COLLATERAL. Each Grantor hereby
grants to Agent, for the benefit of the Lender Group and the Bank Product
Providers, a continuing first priority security interest (subject to Permitted
Liens) in all of such Grantor's right, title and interest in, to and under the
following, whether presently existing or hereafter created or acquired
(collectively, the "Trademark Collateral"):
(a) all of its Trademarks and rights in and to Trademark Intellectual
Property Licenses to which it is a party including those referred to on Schedule
I hereto;
(b) all extensions, modifications and renewals of the foregoing;
(c) all goodwill of the business connected with the use of, and
symbolized by, each Trademark; and
(d) all products and proceeds of the foregoing, including, without
limitation, any claim by such Grantor against third parties for past, present or
future (i) infringement or dilution of any Trademark, or (ii) injury to the
goodwill associated with any Trademark.
3. SECURITY AGREEMENT. The security interests granted pursuant to this
Trademark Security Agreement are granted in conjunction with the security
interests granted to Agent, for the benefit of the Lender Group and the Bank
Product Providers, pursuant to the Security Agreement. Each Grantor hereby
acknowledges and affirms that the rights and remedies of Agent with respect to
the security interest in the Trademark Collateral made and granted hereby are
more fully set forth in the Security Agreement, the terms and provisions of
which are incorporated by reference herein as if fully set forth herein.
4. AUTHORIZATION TO SUPPLEMENT. Grantors hereby authorize Agent
unilaterally to modify this Agreement by amending Schedule I to include any
trademarks, registrations, or applications therefor (including, without
limitation, extensions or renewals) which become part of the Trademark
Collateral under the Security Agreement. Notwithstanding the foregoing, no
failure to so modify this Trademark Security Agreement or amend Schedule I shall
in any way affect, invalidate or detract from Agent's continuing security
interest in all Collateral, whether or not listed on Schedule I.
5. 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. Any signatures delivered by a party by facsimile transmission or by
e-mail transmission shall be deemed an original signature hereto.
[signature pages follow]
2
IN WITNESS WHEREOF, each Grantor has caused this Trademark Security
Agreement to be executed and delivered by its duly authorized officer as of the
date first set forth above.
GRANTORS: ▇▇ ▇▇▇▇'▇ INCORPORATED,
a Pennsylvania corporation, as a Grantor
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
----------------------------------
Title: VP, CFO and Corporate Secretary
---------------------------------
PLANT ENGINEERING CONSULTANTS, LLC,
a Tennessee limited liability company,
as a Grantor
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
----------------------------------
Title: VP, CFO and Corporate Secretary
---------------------------------
▇▇ ▇▇▇▇'▇ ENTERPRISES, INC.,
a Delaware corporation, as a Grantor
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
----------------------------------
Title: VP, CFO and Corporate Secretary
---------------------------------
▇▇ ▇▇▇▇'▇ CORPORATION,
a Delaware corporation, as a Grantor
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
----------------------------------
Title: VP, CFO and Corporate Secretary
---------------------------------
[SIGNATURE PAGE OF TRADEMARK SECURITY AGREEMENT]
AGENT: ▇▇▇▇▇ FARGO FOOTHILL, INC.,
a California corporation, as Agent
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇.
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇.
----------------------------------
Title: Vice President
---------------------------------
SIGNATURE PAGE OF TRADEMARK SECURITY AGREEMENT
SCHEDULE I
to
TRADEMARK SECURITY AGREEMENT
TRADEMARK REGISTRATIONS/APPLICATIONS
APPLICATION/
GRANTOR COUNTRY ▇▇▇▇ REGISTRATION NO. APP/REG DATE
--------------- ------- ---- ---------------- ------------
▇▇ ▇▇▇▇'▇ United States ALL-PRO 75/290,731/ 5/12/1997/
Enterprises, Inc. 2,165,737 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ BRAKETRON 73/254,657/ 3/19/1980/
Enterprises, Inc. 1,164,393 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ DECK 73/581,633/ 2/7/1986/
Enterprises, Inc. (stylized) 1,409,209 9/16/1986
▇▇ ▇▇▇▇'▇ United States DISC-O-TORQUE 72/285,224/ 11/20/1967/
Enterprises, Inc. 859,264 10/29/1968
▇▇ ▇▇▇▇'▇ Mexico DURA-FLEX 267,615/ 6/9/1997/
Enterprises, Inc. 552,086 6/26/1997
▇▇ ▇▇▇▇'▇ United States DURA-FLEX 73/158,649/ 2/13/1978/
Enterprises, Inc. 1,116,828 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ E-FLOW 75/280,015/ 4/23/1997/
Enterprises, Inc. 2,169,361 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ E-trAC 73/491,494/ 7/24/1984/
Enterprises, Inc. (Stylized) 1,333,061 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ E-TROL+PLUS 75/273,178/ 4/11/1997/
Enterprises, Inc. 2,156,683 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ FIRST IN 73/526,310/ 3/11/1985/
Enterprises, Inc. COUPLINGS 1,361,466 9/24/1985
▇▇ ▇▇▇▇'▇ Canada FORMFLEX 352,690/
Enterprises, Inc. 215,307 8/23/1991
▇▇ ▇▇▇▇'▇ United States FORM-FLEX 75/273,175/ 4/11/1997/
Enterprises, Inc. 2,152,362 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ IMD 75/272,935/ 4/11/1997/
Enterprises, Inc. 2,261,432 7/13/1999
▇▇ ▇▇▇▇'▇ United States NLS 75/273,181/ 4/11/1997/
Enterprises, Inc. 2,152,366 4/21/1998
▇▇ ▇▇▇▇'▇ Canada PDA-TRAC 1,210,875/ 3/24/2004/
Enterprises, Inc. TMA669,532 8/9/2006
▇▇ ▇▇▇▇'▇ Mexico PDA-TRAC 862222/ 4/21/2004/
Enterprises, Inc. 862222 4/21/2004
▇▇ ▇▇▇▇'▇ United States PDA-TRAC 78/329,999 11/19/2003/
Enterprises, Inc. 2,986,366 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ PETRO-TRAC 78/052,072/ 3/8/2001/
Enterprises, Inc. 2,641,082 ▇▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ 75/251,697/ 2/28/1997/
Enterprises, Inc. 2,191,918 9/29/1998
▇▇ ▇▇▇▇'▇ Mexico QT POWER CHAIN 573133/ 10/20/2002/
Enterprises, Inc. 818826 1/26/2004
▇▇ ▇▇▇▇'▇ United States QT POWER CHAIN 76/403,299/ 5/2/2002/
Enterprises, Inc. 2,723,745 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ROTO-CAM 72/285,223/ 11/20/1967/
Enterprises, Inc. 859,263 10/29/1968
▇▇ ▇▇▇▇'▇ United States ROTO-CONE 72/015,359/ 9/10/1956/
Enterprises, Inc. 676,279 3/31/1959
▇▇ ▇▇▇▇'▇ Canada SPEEDLIGN 1,223,603/ 7/14/2004/
Enterprises, Inc. TMA665,131 5/29/2006
▇▇ ▇▇▇▇'▇ Mexico SPEEDLIGN 666,531/ 7/14/04/
Enterprises, Inc. 896,028 8/23/05
▇▇ ▇▇▇▇'▇ United States SPEEDLIGN 78/350,700/ 1/12/2004/
Enterprises, Inc. 2,991,827 ▇/▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ S-TRAC 75/272,936/ 4/11/1997/
Enterprises, Inc. 2,257,668 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ SUPERSTART 74/104,389/ 10/9/1990/
Enterprises, Inc. 1,686,040 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ SURE GRIP 71/640,418/ 1/6/1953/
Enterprises, Inc. (stylized) 645,415 5/14/1957
▇▇ ▇▇▇▇'▇ Great Britain SUREFLEX B998,327/ 9/13/1993
Enterprises, Inc. B998,327
▇▇ ▇▇▇▇'▇ Australia SURE-FLEX B375,472/ 5/13/1982/
Enterprises, Inc. B375,472 5/13/1989
▇▇ ▇▇▇▇'▇ Canada SURE-FLEX 645,519/ 11/23/1989/
Enterprises, Inc. 380,915 3/1/1991
▇▇ ▇▇▇▇'▇ Japan SURE-FLEX 40,343/1982/ 5/12/1982/
Enterprises, Inc. 1,923,250 12/24/1986
▇▇ ▇▇▇▇'▇ Switzerland SURE-FLEX 405,626/ 9/14/1992/
Enterprises, Inc. 405,626 9/14/1992
▇▇ ▇▇▇▇'▇ United States SURE-FLEX 72/043,720/ 1/9/1958/
Enterprises, Inc. (stylized) 668,649 10/21/1958
▇▇ ▇▇▇▇'▇ Japan SUREFLEX 7-700836/ 1/13/1995/
Enterprises, Inc. and Katakana 1,740,974 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ SURE-GRIP 71/575,508/ 3/15/1949/
Enterprises, Inc. 646,423 ▇/▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ SURE-GRIP 73/136,699/ 8/8/1977/
Enterprises, Inc. 1,109,150 ▇▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ TRUETUBE 75/273,177/ 4/11/1997/
Enterprises, Inc. 2,152,364 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ULTRACON 72/300,318/ 6/13/1968/
Enterprises, Inc. 862,655 12/31/1968
▇▇ ▇▇▇▇'▇ United States ULTRACON II 75/273,179/ 4/11/1997/
Enterprises, Inc. 2,150,835 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ULTRA-HELIX 75/559,570/ 9/25/1998/
Enterprises, Inc. 2,351,349 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ULTRA-V 73/001,734/ 10/9/1973/
Enterprises, Inc. 1,001,969 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ULTRA-V 73/003,203/ 10/10/1973/
Enterprises, Inc. 1,001,970 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ U-TROL 73/104,511/ 10/26/1976/
Enterprises, Inc. 1,070,167 ▇/▇▇/▇▇▇▇
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ VAR-A-CONE 75/273,180/ 4/11/1997/
Enterprises, Inc. 2,152,365 4/21/1998
▇▇ ▇▇▇▇'▇ United States W ▇▇ ▇▇▇▇'▇ 75/107,136/ 5/20/1996/
Enterprises, Inc. (and design) 2,059,245 5/6/1997
▇▇ ▇▇▇▇'▇ Canada WIN-TRAC 1,210,868/ 3/24/2004/
Enterprises, Inc. TMA664,172 5/12/2006
▇▇ ▇▇▇▇'▇ Community WIN-TRAC 3.828.019/ 5/20/2004/
Enterprises, Inc. Trademark 3.828.019 11/15/2005
▇▇ ▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇ 4/21/2004
Enterprises, Inc.
▇▇ ▇▇▇▇'▇ United States WIN-TRAC 78/306,778/ 9/29/2003/
Enterprises, Inc. 2,961,309 6/7/2005
▇▇ ▇▇▇▇'▇ Mexico WOOD'S WORK 573134/ 10/30/2002/
Enterprises, Inc. 904275 11/30/2002
▇▇ ▇▇▇▇'▇ United States WOOD'S@WORK 76/402,992/ 5/2/2002/
Enterprises, Inc. 2,801,090 12/30/2003
▇▇ ▇▇▇▇'▇ Sons Germany FORM-FLEX D 36648 7W2/ 9/22/1983/
Company 1,053,953 9/23/1983
▇▇ ▇▇▇▇'▇ Sons Germany SUREFLEX W24959/ 4/5/1973/
Company 926 107 12/17/1974
▇▇ ▇▇▇▇'▇ Argentina DURA-FLEX 2,066,443/ 1/23/1997/
Incorporated 1,783,301 3/27/2000
▇▇ ▇▇▇▇'▇ Community DURA-FLEX 507.277 2/7/1997
Incorporated Trademark
▇▇ ▇▇▇▇'▇ Japan DURA-FLEX 27318/97/ 3/17/1997/
Incorporated 4,166,483 7/10/1998
▇▇ ▇▇▇▇'▇ Malaysia DURA-FLEX 97/01971 2/19/1997
Incorporated
▇▇ ▇▇▇▇'▇ Taiwan DURA-FLEX (86)5713/ 2/1/1997/
Incorporated 807300 7/1/1998
▇▇ ▇▇▇▇'▇ Japan FORMFLEX 41,517/85/ 8/19/1987/
Incorporated 1,975,830 8/19/1997
▇▇ ▇▇▇▇'▇ Venezuela PETRO-TRAC 2001-016447/ 9/7/2001/
Incorporated P-245856 8/22/2003
▇▇ ▇▇▇▇'▇ Canada QT POWER CHAIN 1,157,003/ 10/25/2002/
Incorporated TMA623,038 10/20/2004
▇▇ ▇▇▇▇'▇ France SPEEDLIGN 717,131/ 6/19/1974/
Incorporated 1,286,266 6/19/1974
▇▇ ▇▇▇▇'▇ Germany SPEEDLIGN 935,511/
Incorporated 935,511 6/10/1974
▇▇ ▇▇▇▇'▇ Great Britain SPEEDLIGN 99999/
Incorporated 1,029,397 5/13/1974
▇▇ ▇▇▇▇'▇ Singapore SUREFLEX 2556/82/ 5/21/1982/
Incorporated T82/02556B 5/21/1982
▇▇ ▇▇▇▇'▇ Benelux SURE-FLEX 0316801/ 10/20/1972/
Incorporated 0316801 10/20/1972
▇▇ ▇▇▇▇'▇ Brazil SURE-FLEX 810,942,631/ 8/23/1982/
Incorporated 810,942,631 3/19/1995
▇▇ ▇▇▇▇'▇ France SURE-FLEX 02 3 196 347/ 11/27/2002/
Incorporated 02 3 196 347 11/27/2002
▇▇ ▇▇▇▇'▇ Italy SURE-FLEX MI2003002784/ 9/25/1992/
Incorporated 654849 9/25/1974
▇▇ ▇▇▇▇'▇ Canada WOOD'S@WORK 1,157,004/ 10/25/2002/
Incorporated TMA626,975 11/29/2004
