Exhibit 10.61
TRADEMARK SECURITY AGREEMENT
     Trademark Security Agreement, dated as of November 30, 2007, by Smith &
Wesson Corp., a Delaware corporation, Smith & Wesson Holding Corporation, a
Nevada corporation, Thompson/Center Arms Company, Inc., a New Hampshire
corporation, and Bear Lake Holdings, Inc., a Delaware corporation (collectively,
the “Pledgors”), in favor of Toronto Dominion (Texas) LLC, in its capacity as
Administrative Agent pursuant to the Credit Agreement (in such capacity, the
“Administrative Agent”).
WITNESSETH:
     WHEREAS, the Pledgors are party to a Pledge and Security Agreement, dated
as of November 30, 2007 (as amended, restated, supplemented or otherwise
modified from time to time, the “Security Agreement”) in favor of the
Administrative Agent pursuant to which the Pledgors are required to execute and
deliver this Trademark Security Agreement;
     NOW, THEREFORE, in consideration of the premises and to induce the
Administrative Agent, for the benefit of the Secured Parties, to enter into the
Credit Agreement, the Pledgors hereby agree with the Administrative Agent as
follows:
     SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in
the Security Agreement and used herein have the meaning given to them in the
Security Agreement.
     SECTION 2. Confirmation of Grant of Security Interest in Trademark
Collateral. The Pledgors hereby confirm the grant to the Administrative Agent
for the benefit of the Secured Parties in the Security Agreement of a lien on
and security interest in and to all of their right, title and interest in, to
and under all the following Pledged Collateral of the Pledgors:
     (a) Trademarks of the Pledgors, including but not limited to the Trademarks
listed on Schedule A attached hereto , in each case whether now owned or
existing or hereafter acquired or arising and wherever located;
     (b) all Goodwill associated with such Trademarks; and
     (c) all Proceeds of any and all of the foregoing (other than Excluded
Property).
     SECTION 3. Security Agreement. The Pledgors hereby acknowledge and affirm
that the rights and remedies of the Administrative Agent with respect to the
security interest in the Trademarks confirmed 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. In the event that any provision
of this Trademark Security Agreement is deemed to conflict with the Security
Agreement, the provisions of the Security Agreement shall control unless the
Administrative Agent shall otherwise determine.
     SECTION 4. Termination. Upon the payment in full of the Obligations (other
than contingent indemnification obligations) and automatic termination of the
Security Agreement, the Administrative Agent shall execute, acknowledge, and
deliver to the Pledgors an instrument

 

--------------------------------------------------------------------------------

 

in writing in recordable form evidencing the release of the collateral pledge,
grant, assignment, lien and security interest in the Trademarks under the
Security Agreement and this Trademark Security Agreement.
     SECTION 5. Counterparts. This Trademark Security Agreement may be executed
in any number of counterparts, all of which shall constitute one and the same
instrument, and any party hereto may execute this Trademark Security Agreement
by signing and delivering one or more counterparts.
[Signature Page Follows]

-2-

--------------------------------------------------------------------------------

 

[Signature Page to Smith & Wesson Corp. Trademark Security Agreement]
     IN WITNESS WHEREOF, the Pledgors have caused this Trademark Security
Agreement to be executed and delivered by its duly authorized offer as of the
date first set forth above.

            Very truly yours,

SMITH & WESSON CORP.
      By:   /s/ John A. Kelly        Name:   John A. Kelly        Title:   Vice
President     

            SMITH & WESSON HOLDING CORPORATION
      By:   /s/ John A. Kelly        Name:   John A. Kelly        Title:   Vice
President     

            THOMPSON/CENTER ARMS COMPANY, INC.
      By:   /s/ John A. Kelly        Name:   John A. Kelly        Title:   Vice
President     

            BEAR LAKE HOLDINGS, INC.
      By:   /s/ John A. Kelly        Name:   John A. Kelly        Title:   Vice
President   

 

--------------------------------------------------------------------------------

 

Accepted and Agreed:
TORONTO DOMINION (TEXAS) LLC,
as Administrative Agent

          By:   /s/ Ian Murray        Name:  Ian Murray         Title: 
Authorized Signatory      

-2-

--------------------------------------------------------------------------------

 

SCHEDULE A
TRADEMARKS
OWNER: SMITH & WESSON CORP.

              FILING DATE     TRADEMARK   REGISTRATION NO.    
”.357" MAGNUM
  4/23/35
323,654    
AIRLITE
  5/26/98
2,160,999    
AIRLITE SC (and Design)
  8/7/01
2,475,687    
AIRLITE TI (Stylized)
  10/29/02
2,641,461    
AIRWEIGHT
  2/16/54
585,831    
BODYGUARD
  8/9/94
1,849,219    
CARRY COMP
  7/14/98
2,172,420    
CHIEF’S SPECIAL
  2/24/76
1,034,286    
CLUB 1852
  1/24/06
3,049,932    
COMBAT MAGNUM
  12/16/80
1,143,296    
GUN HAMMER & TRIGGER COLORING (and Design)
  1/12/26
0,207,951    
HERITAGE SERIES
  5/6/03
2,714,414    
LADY SMITH (Stylized)
  1/23/90
1,578,910    
MAGNUM
  5/6/03
2,713,007    
MAGNUM
  6/4/35
324,894    
MOUNTAIN GUN
  8/16/94
1,850,300    
MOUNTAIN LITE
  9/18/01
2,490,870    
S&W PERFORMANCE CENTER (and Design)
  3/3/92
1,677,907    

 

--------------------------------------------------------------------------------

 

              FILING DATE     TRADEMARK   REGISTRATION NO.    
RAIN SHIELD
  7/6/04
2,860,968    
S&W (Letters)
  10/14/13
93767    
S&W MONOGRAM (NEW LOGO) (and Design)
  11/21/06
3174786    
S&W MONOGRAM (NEW LOGO) (and Design)
  10/20/92
1,724,977    
S&W MONOGRAM (NEW LOGO) (and Design)
  3/9/93
1,757,500    
S&W MONOGRAM (NEW LOGO) (and Design)
  9/20/77
1,073,794    
SHORTY
  6/30/98
2,169,090    
SMITH & WESSON
  11/7/06
3169365    
SMITH & WESSON
  11/8/88
1,511,511    
SMITH & WESSON
  7/19/77
1,069,977    
SMITH & WESSON
  8/4/92
1,704,640    
SMITH & WESSON (Stylized)
  2/3/14
95164    
SMITH & WESSON ACADEMY (and Design)
  8/7/01
2,475,890    
SMITH & WESSON PERFORMANCE CENTER
  10/8/91
1,660,123    
SW (and Design)
  6/20/00
2,359,691    
S&W MONOGRAM (OLD LOGO) (and Design)
  10/14/13
93766    
SW (and Design)
  9/20/77
1,073,794    
SW SMITH & WESSON COLLECTORS ASSOCIATION (and Design)
  2/27/96
1,958,275    
TEXAS HOLD’EM
  4/25/06
3,085,199    
THE SIGMA SERIES
  8/1/95
1,909,269    
M&P MILITARY POLICE (Stylized)
  11/13/2007
3,336,344    

 

--------------------------------------------------------------------------------

 

              FILING DATE     TRADEMARK   REGISTRATION NO.    
PROTECTED BY SMITH & WESSON
  Serial No. 78/919,216 (Pending)    
M&P SMITH & WESSON MILITARY & POLICE (Stylized)
  Serial No. 78/677,811 (Pending)    
MILITARY POLICE (Stylized and/or Design)
  Serial No. 78/619,034 (Pending)    
S&W MONOGRAM (NEW LOGO) (and Design)
  Serial No. 78/727,817 (Pending)    
SMITH & WESSON
  Serial No. 78/727,792 (Pending)    
SMITH & WESSON
  Serial No. 78/618,451 (Pending)    
1000 SERIES
  11/03/06
Serial No. 77/036,739 (Pending)    
ALLIED FORCES
  11/30/06
Serial No. 77/054,464 (Pending)    
ELITE GOLD
  09/29/06
Serial No. 77/011,008 (Pending)    
ELITE SERIES
  11/07/06
Serial No. 77/038,337 (Pending)    
ELITE SILVER
  09/29/06
Serial No. 77/011,027 (Pending)    
I-BOLT
  09/29/06
Serial No. 77/010,641 (Pending)    
S&W 500
  08/15/07
Serial No. 77/256,256 (Pending)    
SMITH & WESSON HEIRLOOM WARRANTY
  10/27/06
Serial No. 77/031,477 (Pending)       OWNER: SMITH & WESSON HOLDING CORPORATION
                  FILING DATE     TRADEMARK   REGISTRATION NO.    
VERSAVAULT
  12/16/03
2,795,541    
SAF-T-HAMMER (and Design)
  03/04/03
2692585    
SAF-T-TRIGGER
  11/05/02
2647540    

 

--------------------------------------------------------------------------------

 

OWNER: THOMPSON CENTER ARMS COMPANY, INC.

              FILING DATE     TRADEMARK   REGISTRATION NO.    
FLINT RIVER
  02/20/07
3210441    
MAG EXPRESS
  06/12/07
3251026    
MAXIMA
  12/19/06
3186830    
NUMBER 13
  08/22/06
3132600    
R55
  12/19/06
3186829    
T/C
  02/20/07
3210440    
TC (and Design)
  02/13/07
3207677    
U-VIEW
  02/13/07
3208075    
XR
  01/09/07
3196396    
AMERICA’S MASTER GUNMAKER
  08/15/06
3131465    
BENCHMARK
  03/27/07
3221572    
CONTENDER
  06/12/07
3251768    
POWER ROD
  11/20/07
3338956    
FLEXTECH
  10/16/07
3314141    
GORILLA GRIP
  10/30/07
3327213    
SPEED BREECH
  10/16/07
3314142    
SWING HAMMER
  10/16/07
3314296    
T17
  10/16/07
3314423    
TRIUMPH
  10/16/07
3314640    
FLINT RIVER
  08/24/05
Serial No. 78/699,927 (Pending)    

 

--------------------------------------------------------------------------------

 

              FILING DATE     TRADEMARK   REGISTRATION NO.    
GAME TRAILS
  08/25/05
Serial No. 78/700,223 (Pending)    
ICON
  05/16/06
Serial No. 78/885,028 (Pending)    
OMEGA
  08/24/05
Serial No. 78/699,386 (Pending)    
OMEGA
  08/24/05
Serial No. 78/699,907 (Pending)    
POWER CELL
  08/24/05
Serial No. 78/699,929 (Pending)    
SHOCK WAVE
  02/01/06
Serial No. 78/804,535 (Pending)    
T7
  02/01/06
Serial No. 78/804,481 (Pending)    
WARLORD
  08/10/06
Serial No. 78/949,717 (Pending)    
WEATHER SHIELD
  10/02/06
Serial No. 77/011,622 (Pending)       OWNER: BEAR LAKE HOLDINGS, INC.          
    FILING DATE     TRADEMARK   REGISTRATION NO.    
ENCORE
  03/02/99
2227763    
ENCORE (and Design)
  04/06/99
2236581    
MAXI-HUNTER
  01/19/88
1473059    
PRE-LUBER
  10/25/88
1510055    
QLA
  06/15/99
2252792    
QLA QUICK LOAD ACCURIZOR TC (and Design)
  02/23/99
2225456    
QUICK LOAD ACCURIZOR
  07/06/99
2260092