Document:

Trademark Security Agreement, dated as of February 25, 2008

 Exhibit 4.11 
 EXECUTION COPY 
 TRADEMARK SECURITY AGREEMENT 
 (SHORT-FORM) 
 TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated
as of February 25, 2008 between AXCAN PHARMA (U&V) INC. (the “Grantor”) and BANK OF AMERICA, N.A., as administrative agent for the Secured Parties. 
 Reference is made to the Pledge and Security Agreement dated as of February 25, 2008 (as amended, supplemented or otherwise modified from time to
time, the “Security Agreement”), among Holdings, the Parent Borrower, the Co-Borrower, certain other Subsidiaries of the Parent Borrower from time to time party thereto and the Administrative Agent. The Secured Parties’
agreements in respect of extensions of credit to the Borrowers are set forth in (i) the Credit Agreement dated as of February 25, 2008 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Parent Borrower, the Co-Borrower, Holdings, Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and each lender from time to time party thereto and (ii) the Senior Secured Notes
Indenture. The Grantor is an affiliate of the Borrowers and will derive substantial benefits from the extension of credit to and the purchase of notes from the Borrowers pursuant to the Credit Agreement and the Senior Secured Notes Indenture, and is
willing to execute and deliver this Agreement in order to induce the Lenders and the purchasers to extend such credit and provide such debt financing. 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 Security
Agreement. The rules of construction specified in Article 1 of the Credit 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 Secured Obligations, the Grantor, pursuant to and in accordance with the Security Agreement, did and hereby does grant to the Administrative
Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all right, title and interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by the Grantor
or in which the Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”): 
 (a) all trademarks, service marks, trade names, corporate names, trade dress, logos, designs, fictitious business names, other source or business identifiers, now existing or hereafter adopted or acquired, all
registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the 

 
USPTO, and all extensions or renewals thereof, as well as any unregistered trademarks and service marks used by the Grantor, including those listed on
Schedule I hereto; and 
 (b) all goodwill connected with the use thereof and symbolized thereby (provided that no security interest shall be
granted in the United States intent-to-use trademark applications to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark
applications under applicable federal law). 
 Section 3. Termination. This Agreement is made to secure the satisfactory
performance and payment of the Secured Obligations. The security interest granted hereby shall terminate under the conditions and to the same extent set forth in Section 6.12 of the Security Agreement. The Administrative Agent shall, in
connection with any termination or release herein or under the Security Agreement, execute and deliver to the Grantor as the Grantor may request, an instrument in writing effecting or evidencing such termination or release with respect to the
Trademark Collateral acquired under this Agreement. Additionally, upon such satisfactory performance or payment, the Administrative Agent shall reasonably cooperate with any efforts made by the Grantor to make of record or otherwise confirm such
satisfaction including, but not limited to, the release and/or termination of this Agreement and any security interest in, to or under the Trademark Collateral. 
 Section 4. Supplement to the Security Agreement. The security interests granted to the Administrative Agent herein are granted in furtherance, and not in limitation of, the security interests granted to
the Administrative Agent pursuant to the Security Agreement. The Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Trademark Collateral are more fully set forth in the Security
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 Security Agreement, the terms of the Security Agreement
shall govern. 
 Section 5. [Reserved.] 
 Section 6. Miscellaneous. The provisions of Article 6 of the Security Agreement are hereby incorporated by reference. 
  

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

			
	 AXCAN PHARMA (U&V) INC.,
 as the Grantor

		
	 By:
	 	 /s/ Steve Gannon

	 Name:
	 	Steve Gannon
	 Title:
	 	Senior Vice President – Finance, Chief Financial Officer and Treasurer

 Signature Page to Axcan Pharma (U&V) Inc. Trademark Security Agreement
(Short-Form) 

			
	 BANK OF AMERICA, N.A.,
     as Administrative Agent

		
	 By:
	 	 /s/ Mollie S. Canup

	 Name:
	 	Mollie S. Canup
	 Title:
	 	Vice President

 Signature Page to Axcan Pharma (U&V) Inc. Trademark Security Agreement
(Short-Form)Parallel Debt Agreement, dated as of February 25, 2008

 Exhibit 4.12 
 EXECUTION COPY 
 PARALLEL DEBT AGREEMENT (this “Agreement”) dated as
of February 25, 2008, among AXCAN LUXCO 1 SÀR.L. and AXCAN LUXCO 2 S.ÀR.L. (the “Luxembourg Guarantors”) and BANK OF NEW YORK, as Trustee. 
 Reference is made to the Senior Secured Notes Indenture dated as of February 25, 2008 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Indenture”), among the Issuer, the Guarantors party thereto (including the Luxembourg Guarantors) and the Trustee. Pursuant to the Indenture, each of the Luxembourg Guarantors has guaranteed the
Issuer’s obligations to make payments in respect of the Secured Notes issued by the Issuer pursuant to the Indenture (the “Note Obligations”). For the purpose of facilitating the enforcement of such guarantees, the parties
hereto agree as follows: 
 SECTION 1. Definitions. 
 (a) Indenture. 
 (i) Capitalized terms used in this Agreement and not otherwise
defined herein have the meanings specified in the Indenture. 
 (ii) The rules of construction specified in Article 1 of the
Indenture also apply to this Agreement. 
 (b) Other Defined Terms. As used in this Agreement, the following terms have the meanings
specified below: 
 “Guaranty Beneficiaries” means (a) each Holder of a Secured Note and (b) the
Trustee. 
 “Luxembourg Corresponding Obligations” has the meaning assigned to such term in Section 2(b).

 “Luxembourg Parallel Debt” has the meaning assigned to such term in Section 2(b). 
 “Note Obligations” has the meaning assigned to such term in the preamble. 
 SECTION 2. Luxembourg Collateral Debt Covenant. (a) Each Luxembourg Guarantor irrevocably and unconditionally undertakes to pay to the
Trustee amounts equal to any amounts owing from time to time by such Luxembourg Guarantor to any Guaranty Beneficiary under the Indenture as and when those amounts are due. 

 (b) Each party to this Agreement acknowledges that the obligations of each Luxembourg Guarantor under
Section 2(a) are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Luxembourg Guarantor to any Guaranty Beneficiary under the Indenture (its “Luxembourg
Corresponding Obligations”) nor shall the amounts for which each Luxembourg Guarantor is liable under Section 2(a) (its “Luxembourg Parallel Debt”) be limited or affected in any way by the Luxembourg Corresponding
Obligations; provided that: 
 (i) the Luxembourg Parallel Debt of a Luxembourg Guarantor shall be decreased to the
extent that such Luxembourg Guarantor has paid any amounts to the Guaranty Beneficiaries to reduce its outstanding Luxembourg Corresponding Obligations, except to the extent such payment shall have been subsequently avoided or reduced by virtue of
provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application; 
 (ii) to the extent a Luxembourg Guarantor has paid any amounts to the Trustee under its Luxembourg Parallel Debt, the aggregate amount due by such Luxembourg Guarantor under its Luxembourg Corresponding Obligations will be decreased
accordingly, except to the extent such payment shall have been subsequently avoided or reduced by virtue of provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application; and 

(iii) the aggregate amount which may become due under a Luxembourg Parallel Debt of a Luxembourg Guarantor shall never exceed the
aggregate amount which may become due under its Luxembourg Corresponding Obligations. 
 (c) For the purpose of this Section 2, the
Trustee acts in its own name and on behalf of itself and not as agent, representative or trustee of any other Guaranty Beneficiary, and its claims in respect of a Luxembourg Parallel Debt shall not be held in trust. To the extent any Lien is granted
to a Person to secure a Luxembourg Parallel Debt, such Lien is granted to such Person in its capacity as sole creditor of a Luxembourg Parallel Debt and shall not be held in trust. 
 (d) All monies received or recovered by the Trustee pursuant to this Section 2, and all amounts received or recovered by the Trustee from or by the
enforcement of any Liens granted to secure a Luxembourg Parallel Debt, shall be applied to the Note Obligations in accordance with the terms of the Indenture. 
 (e) Without limiting or affecting the rights of the Trustee against a Luxembourg Guarantor hereunder, each Luxembourg Guarantor acknowledges that: 
 (i) nothing contained herein shall impose any obligation on the Trustee to advance any sum to a Luxembourg Guarantor; and 
  

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 (ii) for the purpose of any vote taken under the Indenture, the Trustee shall not be
regarded as having any participation or commitment other than those which it has in its capacity as a Holder (if any). 
 (f) For the
avoidance of doubt, a Luxembourg Parallel Debt (or any relevant part thereof) will become due and payable at the same time and to the same extent as the related Luxembourg Corresponding Obligations become due and payable. 
 SECTION 3. Miscellaneous; Incorporation by Reference. 
 (a) To the extent such terms are applicable, the terms of Article 12 of the Indenture are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 
 [Signatures on following page] 
  

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

			
	AXCAN LUXCO 1 S.À.R.L.
		
	By:	 	 /s/ David Mims

	Name:	 	David Mims
	Title:	 	Authorised Signatory
	
	AXCAN LUXCO 2 S.À.R.L.
		
	By:	 	 /s/ David Mims

	Name:	 	David Mims
	Title:	 	Authorised Signatory

 Signature Page for Luxembourg Parallel Debt Agreement – Notes 

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

			
	BANK OF NEW YORK,
	 As Trustee

		
	By:	 	 /s/ CHERYL L. CLARKE

	Name:	 	CHERYL L. CLARKE
	Title:	 	VICE PRESIDENT

 (Signature Page for Luxembourg Parallel Debt Agreement – Notes)

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