Document:

Trademark Security Agreement, dated as of April 23, 2008

 Portions of the schedules and exhibits to this Exhibit 10.3 have been omitted pursuant to a request for
confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by asterisks (“*****”) and the omitted text has been filed separately with the Securities and Exchange Commission. 

Exhibit 10.3 

[EXECUTION COPY] 

TRADEMARK SECURITY AGREEMENT 
 This TRADEMARK SECURITY AGREEMENT, dated as of April 23, 2008 (this “Agreement”), is made by ANNCO, INC., a Delaware corporation (“Grantor”), in favor of BANK OF AMERICA, N.A., in
its capacity as administrative agent for each of the Lenders now or hereafter party to the Credit Agreement (the “Agent”). 
 WITNESSETH: 
 WHEREAS, ANNTAYLOR, INC., a Delaware corporation
(“ATI”), Grantor, ANNTAYLOR DISTRIBUTION SERVICES, INC., a Delaware corporation (“ATDS”), ANNTAYLOR RETAIL, INC., a Delaware corporation (“ATR”, and together with ATI, Grantor and ATDS, the “Borrowers” and
each, individually, a “Borrower”), the Agent, the lenders referred to therein, the syndication agents named therein, and the issuing banks named therein have entered into that certain $175,000,000 Second Amended and Restated Credit
Agreement dated November 14, 2003 (the “Original Credit Agreement”); and 
 WHEREAS, at the
Borrowers’ request, Lenders, the Agent, and Banc of America Securities LLC, as Lead Arranger (in such capacity, the “Arranger”) have agreed to amend and restate the Original Credit Agreement in its entirety pursuant to that certain
Third Amended and Restated Credit Agreement dated as of the date hereof (as so amended and restated and as such agreement may be further amended, supplemented, modified, or amended and restated from time to time, the “Credit Agreement”);
and 
 WHEREAS, each of Grantor, ATDS and ATR is, directly or indirectly, a wholly owned Subsidiary of ATI and has and will
materially benefit from the Loans and Advances made and to be made, and the Letters of Credit issued and to be issued, under the Credit Agreement; and 
 WHEREAS, the Borrowers, AnnTaylor Stores Corporation, a Delaware corporation, and the Agent have entered into that certain Third Amended and Restated Pledge and Security Agreement, dated as of the date
hereof (as so amended and restated and as such agreement may be further amended, supplemented, modified, or amended and restated from time to time, the “Security Agreement”); and 

WHEREAS, as collateral security for payment and performance by the Grantor of its Obligations, the Grantor is willing to continue, amend
and grant to the Agent, for the benefit of the Agent and the Lenders, as the case may be, a security interest in certain of its personal property and assets pursuant to the terms of this Agreement, including, without limitation, the Collateral
referred to in Section 2 below; 
 NOW, THEREFORE, in consideration of the above premises and in order to induce the
Lenders and the Letter of Credit Issuer to amend and restate the Original Credit Agreement and continue to, respectively, make Loans and issue Letters of Credit under the Credit Agreement, Grantor hereby agrees with the Agent for its benefit, and
for the benefit of the Lenders and the Letter of Credit Issuer, by acceptance hereof, as follows: 
 1. DEFINED
TERMS. All capitalized terms used but not otherwise defined in this Agreement have the meanings given to them in the Security Agreement. All other undefined terms contained in this Agreement, unless the context indicates otherwise, have the
meanings provided for by the UCC to the extent the same are used or defined therein. 

  
 Trademark
Security Agreement 

 2. GRANT OF SECURITY. As security for all Obligations, Grantor hereby pledges,
assigns, charges, mortgages, delivers, transfers and grants to the Agent, for the benefit of the Agent and the Lenders, a continuing security interest in, lien on, and right of set-off against, all of the following property and assets of such
Grantor, whether now owned or existing or hereafter acquired or arising, regardless of where located (the “Collateral”): 
 (a) all of each Grantor’s right, title and interest, whether now owned or hereafter acquired, in and to all United States and foreign trademarks, trade names, trade dress, service marks, trademark
and service mark registrations, and applications for trademark or service mark registration and any renewals thereof (including without limitation each trademark and service mark registration and application for registration identified in
Schedule A attached hereto and incorporated herein by reference) and including all income, royalties, damages and payments now and hereafter due and/or payable with respect thereto (including without limitation damages for past or future
infringements thereof), the right to recover for all past, present and future infringements thereof, all rights corresponding thereto throughout the world (but only such rights as now exist or may come to exist under applicable local law) and all
other rights of any kind whatsoever of each Grantor accruing thereunder or pertaining thereto, together in each case with the goodwill of the business connected with the use of, and symbolized by, each trademark and service mark (collectively, the
“Trademarks”); and 
 (b) any and all Proceeds of the foregoing. 

3. RECORDATION. Grantor authorizes and requests that the Commissioner of Patents and Trademarks and any other applicable
government officer record this Agreement. 
 4. EXECUTION IN COUNTERPARTS. This Agreement may be executed in any
number of 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. 
 5. GRANTS, RIGHTS AND REMEDIES. This Agreement has been entered into in conjunction with the provisions of the Security Agreement. Grantor does hereby acknowledge and confirm that the grant
of the security interest hereunder to, and the rights and remedies of, the Agent with respect to the Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated herein by reference as if fully
set forth herein. 
 6. GOVERNING LAW. This Agreement shall be governed by, and construed in accordance with, the laws
of the State of New York. 

  
 Trademark
Security Agreement 
  -
 2
 - 

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

									
	ANNCO, INC.	 		 	Address for notices to Grantor:
	(“Grantor”)	 		 	
		 		 		 	 Annco, Inc.

	 By:
	 	 Samir Patel
	 		 	 c/o AnnTaylor, Inc.

	 Name:
	 	 Samir Patel
	 		 	 7 Times Square

	Title:	 	Assistant Treasurer	 		 	New York, NY 10036
		 		 		 	Attention: 	 	General Counsel
		 		 		 	Telephone:	 	
		 		 		 	Facsimile:	 	
				
		 		 		 	 With copies to:

				
		 		 		 	 Annco, Inc.

		 		 		 	 c/o AnnTaylor, Inc.

		 		 		 	 7 Times Square

		 		 		 	 New York, NY 10036

		 		 		 	Attention:	 	Vice President and Controller
				
		 		 		 	 and:

				
		 		 		 	 Annco, Inc.

		 		 		 	 c/o Ann Taylor, Inc.

		 		 		 	 7 Times Square

		 		 		 	 New York, NY 10036

		 		 		 	Attention:	 	Senior Vice President – Chief
		 		 		 		 	Financial Officer
			
	BANK OF AMERICA, N.A.,	 		 	Address for notices to Agent:
	as Agent	 		 		 	
	(“Agent”)	 		 	 Bank of America, N.A.

		 		 		 	 335 Madison Avenue

	By:	 	 Andrew Cerussi
	 		 	 New York, New York 10017

	Name:	 	Andrew Cerussi	 		 	Attention:	 	Business Credit – Account
	Title:	 	Vice President	 		 		 	Executive and Legal
		 		 		 		 	Department
		 		 		 	Telephone:	 	
		 		 		 	Facsimile:	 	

  
 Signature
Page 
 Trademark Security Agreement 

 Schedule A 
 Trademarks 

 Trademark Registrations and Applications 

See attached schedules. 
 Trademark Applications 
  

																			
	 Trademark
	  	 Country or
Jurisdiction
	  	 	  	 Reg. No —
(App. No.)
	  	 	  	 Reg. Date
(App. Date)
	  	 	  	 Record
Owner/Liens
	  	 	  	 Status/Comments

	 *****
	  	*****	  		  	*****	  		  	*****	  		  	*****	  		  	*****
	 *****
	  	*****	  		  	*****	  		  	*****	  		  	*****	  		  	*****
	 BOTTLE DESIGN
	  	US	  		  	(77-162,066)	  		  	(04/20/2007)	  		  	Annco, Inc.	  		  	 Notice of

Allowance Issued

	EVERYTHING I LOVE	  	US	  		  	(77-170,168)	  		  	(05/01/2007)	  		  	Annco, Inc.	  		  	Published
	 POSSIBILITIES
	  	US	  		  	(77-159,659)	  		  	(04/18/2007)	  		  	Annco, Inc.	  		  	Published
	 PRECOCIOUS
	  	US	  		  	(77-159,652)	  		  	(04/18/2007)	  		  	Annco, Inc.	  		  	Published
	 TRULY, ANN
	  	US	  		  	(77-170,174)	  		  	(05/01/2007)	  		  	Annco, Inc.	  		  	Published
	TRULY, ANN TAYLOR	  	US	  		  	(77-166,715)	  		  	(4/26/2007)	  		  	Annco, Inc.	  		  	Published

 [This schedule consists of 31 pages, of which all but four have been omitted in their entirety pursuant to a
request for confidential treatment filed with the Securities and Exchange Commission. The omitted pages have been filed separately with the Securities and Exchange Commission.]Trademark Assignment Agreement, dated July 15, 2009

 Exhibit 10.4 
 TRADEMARK ASSIGNMENT 
  

					
	 Party A (Assignor)
	 	:	  	GUANGZHOU PAN YU SAN YUET FASHION MANUFACTORY LTD
		 		  	

			
	Address	 	:	  	2/F, Factory No. 52, Ling Xing Industry Section, Shilou Town, PanYu, Guangzhou, the People’s Republic of China (“PRC”)
			
	Party B (Assignee)	 	:	  	ANNCO, INC
			
	Address	 	:	  	476 Wheelers Farms Road, Milford, Connecticut 06461, United States of America
			
	Party C	 	:	  	ANNTAYLOR SOURCING FAR EAST LIMITED
			
	Address	 	:	  	Level 32, Metroplaza Tower 1, 223 Hing Fong Road, Kwai Fong, New Territories, Hong Kong

 WHEREAS:- 
  

	A.	Party A is the registered proprietor of the trademark “AnnTaylor” which is registered in respect of “clothing, shirts, slacks, skirts, children wear,
coats, baby wear, knitwear, sportswear, woollen garments, swimsuits, trousers, underwear, shoes, hats and socks” in Class 25 in the PRC under registration no. 889663 (“Mark”). The registration of the Mark has been renewed to
27 October 2016. A copy of the registration certificate of the Mark is attached as Annexure 1 for identification. 

  

	B.	Party B is a company in the same group as Ann Taylor Inc of 7 Times Square, New York, NY 10036, United States of America. AnnTaylor Inc has entered into a Trademark
Licence Agreement with Party A to use the Mark in the PRC (“Licence Agreement”). The period of use is until 30 June 2015 and the said licence is recorded with the PRC Trademark Office under recordal no. 200810428. A copy of the
recordal notification is attached as Annexure 2 for identification. 

  

	C.	Party B proposes to acquire and Party A agrees to assign the ownership of the Mark together with any goodwill generated from use of the Mark in the PRC.

  

	D.	Party C is another company in the same group as Ann Taylor Inc and Party B in Hong Kong. In consideration of Party A entering into this Assignment, Party C agrees to
provide a guarantee and an indemnity to Party A in accordance with the terms of this Assignment. 

 NOW IT IS AGREED as
follows:- 
  

	1.	Party A represents and warrants to Party B that:- 

  

	 	(a)	it is the sole registered owner of the Mark; 

  

	 	(b)	the registration of the Mark is valid and subsisting; 

  

	 	(c)	there is no current threatened or pending proceedings against the validity, ownership or use of the Mark; 

 

	 	(d)	this Assignment has been duly authorised, executed and delivered by it; and 

	 	(e)	there is no charge, security or encumbrance on the Mark which will prejudice or compromise the assignment contemplated hereunder or Party B’s full ownership and
enjoyment of the Mark following the execution of this Agreement, except that the parties agree that the assignment of the Mark to Party B and Party B’s ownership of the Mark shall be subject to the approval by the PRC Trademark Office.

  

	2.	Party B represents, warrants and undertakes to Party A that:- 

  

	 	(a)	this Assignment has been duly authorised, executed and delivered by it; and 

 

	 	(b)	Party C is in the same group of companies as Party B, and has and will have sufficient assets in Hong Kong to give effect to the guarantee and indemnity provided in
Clause 11. 

  

	3.	Party C represents, warrants and undertakes to Party A that:- 

  

	 	(a)	this Assignment has been duly authorised, executed and delivered by it; and 

 

	 	(b)	it is a company in the same group of companies as Party B, and has and will have sufficient assets in Hong Kong to give effect to the guarantee and indemnity provided
in Clause 11. 

  

	4.	In consideration of payment of Three Million and Seven Hundred & Fifty Thousand United States Dollars (US$3,750,000) by Party B to Party A for the purposes of
this Assignment, Party A hereby assigns unto Party B the full ownership of the Mark together with any goodwill which has been generated from use of the Mark in the PRC, the assignment being subject to the approval of the PRC Trademark Office. In
this connection, Party A hereby provides to Party B the original of the registration certificate for the Mark and will use its best endeavour to do all such acts and execute all such documents (including without limitation an Application to the PRC
Trademarks Office for Approval and Recordal of Assignment) as may be necessary or desirable to, subject to the approval of the assignment by the PRC Trademark Office, give effect to this Assignment to confer ownership in the Mark (and goodwill) unto
Party B. 

  

	5.	In the event that the assignment of the Mark from Party A to Party B is not approved by the PRC Trademark Office, Party B shall notify Party A immediately and upon
Party B paying all outstanding payments under this Assignment as if the assignment of the Mark hereunder were approved by the PRC Trademark Office:- 

  

	 	(a)	Party A shall grant Party B a perpetual exclusive royalty-free licence to use the Mark (for the avoidance of doubt, such licence shall include the right to sublicense);

  

	 	(b)	Party A shall irrevocably appoint Party B to be its sole and exclusive attorney to maintain, renew and enforce the Mark as Party B deems fit provided that all such
actions shall be at the expenses of Party B, and if Party A needs to be or for whatever reason is joined to any action involving the Mark and Party A shall engage separate legal representation (other than Party B’s lawyers, counsel and
attorneys whose fees and expenses are borne solely and fully by Party B) upon Party B’s consent, Party B shall bear and fully indemnify Party A against all costs (including all lawyer’s, counsel’s and attorney’s fees), expenses,
losses and damages incurred or suffered by or on behalf of Party A; and 

  

	 	(c)	Party A shall, upon Party B’s request, do such reasonable acts and execute such further reasonable documents to attempt such further assignment or assignments of
the Mark to a party designated by Party B provided that Party B shall bear all costs related or incidental to such assignments. 

 For the avoidance of doubt, Party A makes no representation or warranty that the assignment of the Mark hereunder or any further assignments pursuant to Clause 5(c) herein will be approved under the
Trademark Law of the PRC. 

	6.	The payment in Clause 4 shall, unless otherwise directed in writing by Party A, be paid by Party B to the following bank accounts designated by Party A set out as
follows:- 

 Details of Bank Account A:- 
 Name of Bank – UBS AG, Hong Kong 
 Address –52/F, Two International
Finance Centre, Central, Hong Kong 
 Name of Bank Account Holder – Poon Suk Yuen 

Bank Account No. – 289531 
 SWIFT: UBSWHKHH 
 Details of Bank Account B:- 

Name of Bank – Bank of China (Hong Kong) Ltd. 
 Address – 194-196 Cheung Sha Wan Road, Sham Shui Po, Kowloon, Hong Kong 
 Name
of Bank Account Holder – San Yuet Fashion Mfy. Ltd. 
 Bank Account No. – 031-352-00105086 

SWIFT Code: BKCHHKHH 
 in the following manner:- 
  

	 	(a)	Five Hundred Thousand United States Dollars (US$500,000) to Bank Account A, or to such other bank account as shall be directed in writing by Party A, upon execution of
this Assignment, handing over the trademark certificate and signing related documents for the approval and recordal of the assignment with the PRC Trademarks Office; 

 

	 	(b)	One Million United States Dollars (US$1,000,000) to Bank Account A, or to such other bank account as shall be directed in writing by Party A, on or before the first
anniversary of this Assignment; 

  

	 	(c)	One Million United States Dollars (US$1,000,000) to Bank Account A, or to such other bank account as shall be directed in writing by Party A, on or before the second
anniversary of this Assignment or within one (1) month upon the approval of the assignment and recording Party B as the subsequent proprietor of the Mark by the PRC Trademarks Office, whichever is the later; and 

 

	 	(d)	Two Hundred & Fifty Thousand United States Dollars (US$250,000) to Bank Account B, or to such other bank account as shall be directed in writing by Party A,
each on or before 30 June of each year from 2010 to 2014, totalling One Million Two Hundred & Fifty Thousand United States Dollars (US$1,250,000). 

 

	7.	The parties acknowledge and agree that notwithstanding the execution of this Assignment, until Party B (or Party B’s designated party) becomes registered as the
subsequent proprietor of the Mark, or upon the grant of a perpetual exclusive royalty-free licence to Party B pursuant to Clause 5(a) above, whereupon either event the Licence Agreement shall cease and all obligations and liabilities thereunder
shall be discharged absolutely:- 

  

	 	(a)	the Licence Agreement shall remain valid and subsisting; 

  

	 	(b)	Ann Taylor Inc shall continue to pay the annual licence fee of Two Hundred & Fifty Thousand United States Dollars (US$250,000) in accordance with the Licence
Agreement; and 

  

	 	(c)	commencing 2010, if further annual licence fee shall be paid by Ann Taylor, Inc under the Licence Agreement, such licence fee shall replace the payment to be made by
Party B to Party A under Clause 6(d) above for the same year. 

  

	8.	Notwithstanding the terms of the Licence Agreement, Party A now represents and warrants to Party B that:- 

 

	 	(a)	no party other than Ann Taylor Inc or the buyers, dealers or distributors of Party A’s products bearing the Mark has a licence to use the Mark and for the
avoidance of doubt, Ann Taylor Inc shall have the right to sublicense; 

	 	(b)	subject to sub-clause (c), it shall cease all use of the Mark within two (2) months from the execution of this Assignment, such cessation shall include also use of
the Mark as part of a corporate, trade or domain name; 

  

	 	(c)	within two (2) months from execution of this Assignment, it shall cause its buyers, dealers and distributors to cease all use of the Mark;

  

	 	(d)	after the execution of this Assignment, it shall not grant any right to use the Mark to any third party or do any act to subject the Mark to any charge, security or
encumbrance or do any act whereby the rights of Party B in the Mark shall be prejudiced or compromised. 

  

	9.	Party A further represents and warrants to Party B that it does not have (whether filed by itself or through a third party) any other application or registration
similar or identical to the mark “AnnTaylor” in the PRC or anywhere in the world and undertakes that it will not, directly or indirectly, whether by itself, its directors, shareholders, officers or other third party apply for the
registration of any trademark which is identical with or similar to the Mark in any classes of goods or services in China or elsewhere as from the date of execution of this Assignment. In this relation, Party A represents
that it has not used and has not licensed the use of the mark “San Taylor” registered in Class 25 in the PRC under registration no. 1935541 and agrees that it will not use nor license the use of the said San Taylor mark as from the date of
this Assignment and will allow the registration to lapse when the validity date expires on 6 January 2013. 

  

	10.	Party B (including its officers, agents, servants, successors, assigns, associates and affiliates, and the group of companies in which Party B and/or Party C is a
member) hereby waives any and all claims, demands and proceedings against Party A and its shareholders, officers, agents, servants, successors, assigns, associates, affiliates, dealers and distributors (“Party A and its related parties”)
and releases Party A and its related parties from any and all claims, demands and proceedings which may arise directly or indirectly out of or during any of Party A and its related parties’ use or registration of the Mark before the approval
and recordal of this Assignment by the PRC Trademark Office. To avoid any doubt, such waiver and release shall not include any claims, demands and proceedings arising from Party A’s breach of any of the terms of this Assignment.

  

	11.	In consideration of Party A entering into this Assignment, the sufficiency of the consideration being hereby acknowledged by Party C, Party C hereby unconditionally and
irrevocably guarantees to Party A the due and punctual performance and observance by Party B of Party B’s obligations under the terms of this Assignment and this guarantee shall not be affected by the granting of time or other waiver or
indulgence on the part of Party A. Further, Party C hereby indemnifies Party A in respect of any breach or failure in performance by Party B of any of the terms of this Assignment. The word “indemnify” shall mean to indemnify, keep
indemnified and hold harmless Party A from and against all costs (including the costs of enforcement and all legal costs), expenses, losses and damages which Party A may incur or suffer. 

 

	12.	If any dispute arises from this Assignment, the parties should mediate in good faith. If that fails, the dispute shall be referred to the jurisdiction of the courts of
the Hong Kong Special Administrative Region (“Hong Kong”) and Hong Kong laws shall apply. 

  

	13.	This Assignment shall become effective as from the date of execution by all parties. Party A and Party B shall jointly apply for approval and recordal of this
Assignment, but the costs and expenses for the application for approval and recordal of this Assignment (including any subsequent appeals, whether judicial or administrative or otherwise) shall be borne solely by Party B. 

 

	14.	If any party wishes to give notice (including demand) to the other party, such notice shall be in writing and shall be couriered to the following address of the
respective parties:- 

  

			
	Party A	  	2/F, Factory No. 52, Ling Xing Industry Section, Shilou Town, PanYu, Guangzhou, PRC - for the attention of Lee Yu Ming

			
	Party B	  	c/o AnnTaylor Inc, 7 Times Square, New York, NY 10036, United States of America - for the attention of General Counsel with a copy to Mr Kenny Wong, JSM, 19/F, Prince’s
Building, 10 Chater Road, Central, Hong Kong (Ref: 6720680/1)
		
	Party C	  	Level 32, Metroplaza Tower 1, 223 Hing Fong Road, Kwai Fong, New Territories, Hong Kong - for the attention of General Counsel with a copy to Mr Kenny Wong, JSM, 19/F,
Prince’s Building, 10 Chater Road, Central, Hong Kong (Ref: 6720680/1)

 Notices will be considered received
with a receipt acknowledgement of the courier company. Notice period begins from the date of receipt of the notice. 
 Signed by the duly
authorised representatives of Party A and Party B and executed by Party C as a deed this 15th day of July 2009. 
  

			
	Party A	 	Party B
		
	 Company Chop and
 SIGNED by its
legal representative
 POON Suk Yuen
	 	 SIGNED by Barbara EISENBERG

(U.S. passport No. 212192600)
 duly authorized
representative of ANNCO, INC

 Party C 
 SEALED with the Common Seal 
 of Party C and Signed by 

Barbara EISENBERG 
 (U.S. passport
No. 212192600) 
 in accordance 

with its constitution

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]