Exhibit 10.4

 

TRADEMARK SECURITY AGREEMENT

 

This Trademark Security Agreement (this “Trademark Security Agreement”) is made
as of June 29, 2015, by SHEPLERS, INC., a Kansas corporation (“Grantor”), in
favor of GCI Capital Markets LLC, as administrative agent (in such capacity,
together with its successors and assigns, “Administrative Agent”) for the
Lenders (as defined in the Credit Agreement referred to below).

 

W I T N E S S E T H

 

WHEREAS, pursuant to that certain Credit Agreement, dated as of June 29, 2015
(as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Boot Barn, Inc., Delaware
corporation (“Borrower”), Boot Barn Holdings, Inc., a Delaware corporation
(“Holdings”), the financial institutions which are now or which hereafter become
party thereto (the “Lenders”) and Administrative Agent, the Lenders have
severally agreed to make financial accommodations to the Borrower subject to the
conditions set forth therein;

 

WHEREAS, each Grantor (other than the Borrower) has agreed, pursuant to a
Guaranty Agreement, dated even date herewith in favor of the Administrative
Agent (the “Guaranty”), to guarantee the Obligations (as defined in the Credit
Agreement) of the Borrower; and

 

WHEREAS, pursuant to the Credit Agreement, the Guaranty and that certain
Collateral Agreement, dated as of even date herewith (as may be amended,
restated, supplemented, or otherwise modified from time to time, the “Collateral
Agreement”), by and between the Grantors and the Administrative Agent, the
Grantors are required to execute and deliver this Trademark Security Agreement;

 

NOW, THEREFORE, in consideration of the premises and to induce the Lenders to
make their respective extensions of credit to the Borrower thereunder, each
Grantor hereby agrees with the Administrative Agent as follows:

 

1.                                      Defined Terms.  Capitalized terms used
herein without definition are used as defined in the Collateral Agreement or, it
not defined therein, in the Credit Agreement.

 

2.                                      Grant of Security Interest in Trademark
Collateral.  Each Grantor, as collateral security for the prompt payment and
performance when due (whether at stated maturity, by acceleration or otherwise)
of the Obligations of such Grantor, hereby assigns, pledges and grants to the
Administrative Agent for the benefit of the Lenders, and grants to the
Administrative Agent for its benefit and for the ratable benefit of each Lender
a continuing security interest in and a Lien on all of its right, title and
interest in, to and under the following Collateral of such Grantor (the
Trademark Collateral”):

 

a.                                      all of its Trademarks and Trademark
Licenses, including, without limitation, those referred to on Schedule 1 hereto;

 

b.                                      all renewals and extensions of the
foregoing;

 

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c.                                       all goodwill of the business connected
with the use of, and symbolized by, each such Trademark; and

 

d.                                      all income, royalties and proceeds at
any time due or payable or asserted under and with respect to any of the
foregoing, including, without limitation, all rights to sue and recover at law
or in equity for any past, present and future infringement, misappropriation,
dilution, violation or other impairment thereof..

 

3.                                      Credit Agreement and Collateral
Agreement.  The security interest granted pursuant to this Trademark Security
Agreement is granted in conjunction with the security interest granted to the
Administrative Agent pursuant to the Credit Agreement and the Collateral
Agreement, and each Grantor hereby acknowledges and agrees that the rights and
remedies of the Administrative Agent with respect to the security interest in
the Trademark Collateral made and granted hereby are more fully set forth in the
Credit Agreement and the Collateral Agreement, the terms and provisions of which
are incorporated by reference herein as if fully set forth herein; provided,
however that in no event shall the Trademark Collateral include any property or
asset of Grantor which is excluded from Collateral pursuant to Section 2.1 of
the Collateral Agreement.

 

4.                                      Grantor Remains Liable.  Each Grantor
hereby agrees that, anything herein to the contrary notwithstanding, such
Grantor shall assume full and complete responsibility for the prosecution,
defense, enforcement or any other necessary or desirable actions in connection
with their Trademarks and Trademark Licenses subject to a security interest
hereunder.

 

5.                                      Counterparts.  This Trademark Security
Agreement may be executed in any number of counterparts and by different parties
in separate 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.  Signature pages may be detached from multiple separate counterparts
and attached to a single counterpart.

 

6.                                      Governing Law.  This Trademark Security
Agreement and the rights and obligations of the parties hereto shall be governed
by, and construed and interpreted in accordance with, the law of the State of
New York.

 

[signature pages follow]

 

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IN WITNESS WHEREOF, 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.

 

 

 

GRANTOR:

SHEPLERS, INC., a Kansas corporation

 

 

 

 

 

 

By:

/s/ Greg Hackman

 

Name:

Greg Hackman

 

Title:

Chief Financial Officer and Secretary

 

Trademark Security Agreement

 

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ACCEPTED AND

GCI CAPITAL MARKETS LLC,

ACKNOWLEDGED BY:

as Administrative Agent

 

 

 

 

 

 

By:

/s/ Marc C. Robinson

 

Name:

Marc C. Robinson

 

Title:

Managing Director

 

Trademark Security Agreement

 

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SCHEDULE I

 

TRADEMARK REGISTRATIONS/APPLICATIONS

 

Trademark

 

Database

 

Application
Number

 

Registration
Number

 

Owner

RED RANCH

[g149631kr03i001.jpg]

 

U.S. Federal

 

85726040

 

4552405

 

SHEPLERS, INC.

GIBSON TRADING COMPANY ESTABLISHED 1899

[g149631kr03i002.jpg]

 

U.S. Federal

 

85724728

 

 

 

SHEPLERS, INC.

RED RANCH

 

U.S. Federal

 

85434444

 

4258838

 

SHEPLERS, INC.

GIBSON TRADING COMPANY

 

U.S. Federal

 

85399269

 

4429241

 

SHEPLERS, INC.

WESTERN WEAR FOR THE WAY YOU LIVE

 

U.S. Federal

 

85396637

 

4118616

 

SHEPLERS, INC.

Design Only

[g149631kr03i003.jpg]

 

U.S. Federal

 

85315981

 

4129801

 

SHEPLERS, INC.

 

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Trademark

 

Database

 

Application
Number

 

Registration
Number

 

Owner

GIBSON TRADING COMPANY

 

U.S. Federal

 

85261879

 

4168869

 

SHEPLERS, INC.

YOUR COUNTRY, YOUR WAY

 

U.S. Federal

 

77483596

 

3781832

 

SHEPLERS, INC.

SHEPLERS

 

U.S. Federal

 

78822126

 

3193462

 

SHEPLERS, INC.

THE WORLD’S LARGEST WESTERN STORES

 

U.S. Federal

 

75291616

 

2167479

 

SHEPLERS, INC.

WORLD’S LARGEST WESTERN STORES

 

U.S. Federal

 

75140060

 

2081419

 

SHEPLERS, INC.

BOOTS ‘N JEANS

 

U.S. Federal

 

75078088

 

2342054

 

SHEPLERS, INC.

WORLD’S LARGEST WESTERN STORES AND CATALOG

 

U.S. Federal

 

74520534

 

2033263

 

SHEPLERS, INC.

Design Only

[g149631kr03i004.gif]

 

U.S. Federal

 

73392546

 

1254863

 

SHEPLERS, INC.

OL’ SHEP

 

U.S. Federal

 

73388925

 

1255648

 

SHEPLERS, INC.

SHEPLERS

 

U.S. Federal

 

73125194

 

1141784

 

SHEPLERS, INC.

 

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Trademark

 

Database

 

Application
Number

 

Registration
Number

 

Owner

S

[g149631kr03i005.gif]

 

U.S. Federal

 

73125222

 

1137758

 

SHEPLERS, INC.

S

[g149631kr03i006.gif]

 

U.S. Federal

 

73125223

 

1137889

 

SHEPLERS, INC.

S SHEPLERS INC.

[g149631kr03i007.gif]

 

U.S. Federal

 

73041013

 

1017594

 

SHEPLERS, INC.

 

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Trademark

 

Database

 

Application
Number

 

Registration
Number

 

Owner

S

[g149631kr03i008.gif]

 

U.S. Federal

 

73040683

 

1057698

 

SHEPLERS, INC.

S

[g149631kr03i009.gif]

 

U.S. Federal

 

73040684

 

1045614

 

SHEPLERS, INC.

SHEPLERS

 

U.S. Federal

 

73040363

 

1308095

 

SHEPLERS, INC.

SHEPLERS

 

U.S. Federal

 

73040364

 

1308389

 

SHEPLERS, INC.

SHEPLERS

 

Canada

 

1540229

 

TMA835766

 

SHEPLERS, INC.

 

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Trademark

 

Database

 

Application
Number

 

Registration
Number

 

Owner

SHEPLERS

 

Canada

 

714900

 

TMA429523

 

SHEPLERS, INC.

SHEPLERS

 

Switzerland

 

59396/2011

 

625115

 

SHEPLERS, INC.

SHEPLERS

 

United Kingdom

 

1516265

 

1516265

 

SHEPLERS, INC.

SHEPLERS

 

Community Trademarks

 

10201697

 

10201697

 

SHEPLERS, INC.

SHEPLERS

 

Brunei

 

22188

 

19023

 

SHEPLERS, INC.

SHEPLERS

 

China

 

9895452

 

9895452

 

SHEPLERS, INC.

SHEPLERS

 

China

 

9895451

 

9895451

 

SHEPLERS, INC.

SHEPLERS

 

Japan

 

2011-060657

 

5532778

 

SHEPLERS, INC.

SHEPLERS

 

Australia

 

1443876

 

1443876

 

SHEPLERS, INC.

SHEPLERS

 

Australia

 

588639

 

588639

 

SHEPLERS, INC.

SHEPLERS

 

New Zealand.

 

847911

 

847911

 

SHEPLERS, INC.

 

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