Exhibit 10.30

 

EXECUTION VERSION

 

TERM NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS

 

THIS NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS (this
“Agreement”), dated as December 4, 2014, is made by each of the signatories
hereto (each, a “Grantor”) in favor of BANK OF AMERICA, N.A. (“Bank of
America”), as administrative agent and collateral agent for the banks and other
financial institutions (the “Lenders”) that are parties to the Credit Agreement
(in such capacities, respectively, the “Administrative Agent” and the
“Collateral Agent”), dated as of April 12, 2012 (as amended, amended and
restated, waived, supplemented or otherwise modified from time to time, together
with any agreement extending the maturity of, or restructuring, refunding,
refinancing or increasing the Indebtedness under such agreement or successor
agreements, the “Credit Agreement”), among HD SUPPLY, INC., a Delaware
corporation (the “Borrower”), Bank of America, as administrative agent and
collateral agent, and the other parties thereto.

 

WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to
make extensions of credit to the Borrower upon the terms and subject to the
conditions set forth therein;

 

WHEREAS, in connection with the Credit Agreement, the Borrower and certain
Subsidiaries of the Borrower executed and delivered a Collateral Agreement,
dated as of April 12, 2012, in favor of Bank of America (as the same may be
amended, restated, supplemented, waived or otherwise modified from time to time,
the “Collateral Agreement”);

 

WHEREAS, pursuant to the Collateral Agreement, each Grantor granted to the
Collateral Agent a security interest in its Intellectual Property, including
Trademarks; and

 

WHEREAS, each Grantor has duly authorized the execution, delivery and
performance of this Agreement.

 

NOW THEREFORE, for good and valuable consideration, the receipt of which is
hereby acknowledged, and in order to induce the Lenders to make extensions of
credit to the Borrower on the terms and subject to the conditions of the Credit
Agreement, each Grantor agrees, for the benefit of the Collateral Agent, as
follows:

 

SECTION 1. Definitions. Unless otherwise defined herein or the context
other-wise requires, terms used in this Agreement, including its preamble and
recitals, have the meanings provided or provided by reference in the Credit
Agreement and the Collateral Agreement.

 

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SECTION 2. Confirmation of Security Interest. Each Grantor hereby confirms that
pursuant to the Collateral Agreement, subject to existing licenses to use the
Trademarks granted by such Grantor in the ordinary course of its business, it
granted to the Collateral Agent, for the benefit of the Secured Parties, a
security interest in all of the Trademarks of such Grantor (including, without
limitation, those items listed on Schedule A hereto under such Grantor’s name)
and to the extent not otherwise included, all Proceeds and products of any and
all of the Trademarks, as collateral security for the prompt and complete
payment and performance when due (whether at the stated maturity, by
acceleration or otherwise) of the Obligations of such Grantor, except that no
security interest is or will be granted pursuant thereto in any right, title or
interest of such Grantor under or in any Trademark Licenses with Persons other
than the Borrower, a Restricted Subsidiary or an Affiliate thereof for so long
as, and to the extent that, the granting of such a security interest pursuant
thereto would result in a breach, default or termination of such Trademark
Licenses.

 

SECTION 3. Purpose. This Agreement has been executed and delivered by the
Grantors for the purpose of recording the security interest granted pursuant to
the Collateral Agreement with the United States Patent and Trademark Office.
This Agreement is expressly subject to the terms and conditions of the
Collateral Agreement. The Collateral Agreement (and all rights and remedies of
the Lenders thereunder) shall remain in full force and effect in accordance with
its terms.

 

SECTION 4. Acknowledgment. Each Grantor does hereby further acknowledge and
affirm that the rights and remedies of the Lenders with respect to the security
interest in the Trademarks are fully set forth in the Credit Agreement and the
Collateral Agreement, the terms and provisions of which (including the remedies
provided for therein) are incorporated by reference herein as if fully set forth
herein.

 

SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of
which will be deemed an original, but all of which together constitute one and
the same original.

 

* * *

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their respective officers thereunto duly authorized as
of the day and year first above written.

 

 

 

HD SUPPLY FACILITIES MAINTENANCE, LTD.

 

By:

HD Supply GP & Management, Inc.,

 

 

its general partner

 

 

 

 

 

 

By:

/s/ Ricardo Nuñez

 

 

Name:

Ricardo Nuñez

 

 

Title:

Vice President and Secretary

 

 

 

 

 

 

HDS IP HOLDING, LLC

 

 

 

By:

/s/ Ricardo Nuñez

 

 

Name:

Ricardo Nuñez

 

 

Title:

Vice President and Secretary

 

[SIGNATURE PAGE—TERM NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN
TRADEMARKS]

 

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BANK OF AMERICA, N.A.,

 

in its capacity as Collateral Agent

 

 

 

 

 

 

By:

/s/ Mark Kushemba

 

Name: Mark Kushemba

 

Title: Managing Director

 

[SIGNATURE PAGE—TERM NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN
TRADEMARKS]

 

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Schedule A

 

Trademarks

 

HD Supply Facilities Maintenance, Ltd.

 

TRADEMARK

 

Status

 

Ser. No./Reg.
No.

 

App. Date/Reg.
Date

 

MAINTENANCE WAREHOUSE

 

Registered

 

RN: 4,610,425

 

9/23/2014

 

MAINTENANCE WAREHOUSE

 

Registered

 

RN: 4,375,851

 

7/30/2013

 

MAINTENANCE WAREHOUSE & Design

 

Registered

 

RN: 4,376,494

 

7/30/2013

 

MAINTENANCE WAREHOUSE & Design

 

Registered

 

RN: 4,606,259

 

9/16/2014

 

 

HDS IP Holding, LLC

 

TRADEMARK

 

Status

 

Ser. No./Reg.
No.

 

App. Date/Reg.
Date

 

ASPEN & Design

 

Registered

 

RN: 4,461,343

 

1/7/2014

 

CREATIVE TOUCH INTERIORS

 

Registered

 

RN: 4,406,141

 

9/24/2013

 

VISTRA & Design

 

Registered

 

RN: 4,392,346

 

8/27/2013

 

HD SUPPLY HARDWARE SOLUTIONS(1)

 

Registered

 

RN: 114-257

 

3/4/2014

 

AQUAGUARD 5 STEP POOL CARE SYSTEM & Design

 

Registered

 

RN: 4,535,768

 

05/27/2014

 

BRIGHTON MANOR

 

Registered

 

RN: 4,129,736

 

4/17/2012

 

BRIGHTON MANOR & Design

 

Registered

 

RN: 4,535,779

 

5/27/2014

 

GREENBLOGIC

 

Registered

 

RN: 4,155,442

 

6/5/2012

 

GRIDADVANCE

 

Registered

 

RN: 4,538,054

 

5/27/2014

 

MAINTENANCE WAREHOUSE

 

Pending

ITU

 

SN: 86/303,044

 

6/6/2014

 

MAINTENANCE WAREHOUSE

 

Pending

 

SN: 86/424,236

 

10/15/2014

 

PROUDLY DRIVEN BY A VETERAN

 

Pending

 

SN: 86/320,061

 

6/25/2014

 

RELIA+

 

Pending

ITU

 

SN: 86/436,537

 

10/28/2014

 

RELIA+

 

Pending

ITU

 

SN: 86/436,545

 

10/28/2014

 

RELIA+

 

Pending

ITU

 

SN: 86/436,549

 

10/28/2014

 

 

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(1)  This trademark is registered in the State of Alabama.

 

A - 1

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RELIACARE

 

Registered

 

RN: 4,492,443

 

3/4/2014

 

SEASONS

 

Pending

ITU

 

SN: 86/373,220

 

8/21/2014

 

SEASONS

 

Pending

ITU

 

SN: 86/373,226

 

8/21/2014

 

SEASONS

 

Pending

ITU

 

SN: 86/435,093

 

10/27/2014

 

SEASONS

 

Pending

ITU

 

SN: 86/435,138

 

10/27/2014

 

SPEEDBUILD

 

Allowed

 

SN: 86/160,304

 

1/8/2014

 

SPEEDBUILD

 

Allowed

 

SN: 86/160,701

 

1/8/2014

 

TRUESTOCK

 

Pending

ITU

 

SN: 86/373,181

 

8/21/2014

 

TRUESTOCK

 

Pending

ITU

 

SN: 86/373,202

 

8/21/2014

 

TRU PERSPECTIVE

 

Pending

ITU

 

SN: 86/309,319

 

6/13/2014

 

WE BUILD YOUR CITY AND KEEP IT RUNNING

 

Registered

 

RN: 4,374,791

 

7/30/2013

 

 

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