EX-10.23





 Exhibit 10.23 

TRADEMARK SECURITY AGREEMENT, dated as of December 13, 2019 (this “Agreement”), among SOTERA HEALTH LLC (the
“Grantor”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as Second Lien Notes Collateral Agent under the Indenture (as defined below) (in such capacity, together with its successors and assigns, the “Second
Lien Notes Collateral Agent”). 
 Reference is made to (a) the Indenture dated as of December 13, 2019 (as amended, restated,
supplemented or otherwise modified from time to time, the “Indenture”) among SOTERA HEALTH TOPCO, INC., a Delaware corporation (“Holdings”), SOTERA HEALTH HOLDINGS, LLC, a Delaware limited liability company (the
“Issuer”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee and the Second Lien Notes Collateral Agent and (b) the Second Lien Collateral Agreement dated of December 13, 2019 (as amended, restated, supplemented or
otherwise modified from time to time, the “Second Lien Collateral Agreement”) among the Issuer, the other Grantors from time to time party thereto, Holdings, and the Second Lien Notes Collateral Agent. Accordingly, the parties
hereto agree as follows: 
 SECTION 1. Terms. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified
in the Second Lien Collateral Agreement. The rules of construction specified in Section 1.01(b) of the Second Lien Collateral Agreement also apply to this Agreement. 

SECTION 2. Grant of Security Interest. As security for the payment or performance, as the case may be, in full of the Notes Obligations, the Grantor
hereby grants to the Second Lien Notes Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in all of such Grantor’s right, title and interest in,
to and under the United States Trademarks listed on Schedule I attached hereto (the “Trademark Collateral”). This Agreement is not to be construed as an assignment of any trademark or trademark application. Notwithstanding
anything herein to the contrary, the Trademark Collateral shall not include, and in no event shall the Security Interest attach to, any intent-to-use trademark
applications filed in the United States Patent and Trademark Office, pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. Section 1051, prior to the accepted filing of a “Statement of Use” and issuance of a “Certificate of
Registration” pursuant to Section 1(d) of the Lanham Act or an accepted filing of an “Amendment to Allege Use” whereby such intent-to-use trademark
application is converted to a “use in commerce” application pursuant to Section 1(c) of the Lanham Act. 
 SECTION 3. Termination.
Subject to Section 6.13 of the Second Lien Collateral Agreement, upon the occurrence of a Termination Event (other than those provisions in the Indenture expressly contemplated to survive a Termination Event and any contingent obligations not
yet due and owing under Sections 7.07 and 8.06 of the Indenture and Article II of the Indenture), the security interest granted herein shall terminate and the Second Lien Notes Collateral Agent shall, without recourse, representation or warranty of
any kind, execute, acknowledge, and deliver to the Grantor all instruments in writing prepared by or on behalf of the Grantor in recordable form to evidence and release the collateral pledge, grant, assignment, lien and security interest in the
Trademark Collateral under this Agreement. 












 SECTION 4. Second Lien Collateral Agreement. The Grantor hereby acknowledges and affirms that the
rights and remedies of the Second Lien Notes Collateral Agent with respect to the Trademark Collateral are more fully set forth in the Second Lien Collateral Agreement, the terms and provisions of which are hereby incorporated herein by reference as
if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Second Lien Collateral Agreement, the terms of the Second Lien Collateral Agreement shall govern. 

SECTION 5. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually
signed counterpart of this Agreement. 
 SECTION 6. Governing Law. This Agreement shall be construed in accordance with and governed by the laws of
the State of New York. 
 SECTION 7. Concerning the Second Lien Notes Collateral Agent. The Second Lien Notes Collateral Agent makes no
representations as to the validity or sufficiency of this Agreement. Wilmington Trust, National Association is executing this Agreement not in its individual or corporate capacity, but solely in its capacity as Second Lien Notes Collateral Agent
under the Indenture. In acting hereunder, the Second Lien Notes Collateral Agent shall be entitled to all of the rights, privileges, immunities and indemnities granted to it under the Indenture, including without limitation those set forth in
Articles 7 and 12 of the Indenture, as if such rights, privileges, immunities and indemnities were set forth herein. 
 [Remainder of Page
Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above
written. 
  

			
	SOTERA HEALTH LLC, as Grantor
		
	By:	 	/s/ Scott J. Leffler
		 	 Name: Scott J. Leffler
 Title: Chief
Financial Officer & Treasurer



  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Second Lien Notes Collateral Agent
		
	By:	 	/s/ W. Thomas Morris II
	 Name: W. Thomas Morris II
 Title:
Vice President



 [Signature Page to Trademark Security Agreement]