Document:

Exhibit 10.24  

Copyright Security Agreement  

        Copyright Security Agreement, dated as of February 14, 2006, by Linens 'n Things
Center, Inc., a California corporation (the "Pledgor"), in favor of THE BANK OF NEW YORK, in its capacity as Collateral Agent pursuant to the Indenture (in such capacity, the
"Collateral Agent"). 

W i t n e s s e t h:  

        WHEREAS, the Pledgor is party to a Security Agreement of even date herewith (the "Security Agreement") in favor of
the Collateral Agent pursuant to which the Pledgor is required to execute and deliver this Copyright Security Agreement; 

        NOW,
THEREFORE, in consideration of the premises and to induce the Collateral Agent, for the benefit of the Secured Parties, to enter into the Indenture, the Pledgor hereby agrees with
the Collateral 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.    Grant of Security Interest in Copyright Collateral.    The Pledgor hereby pledges and grants to
the Collateral Agent for the benefit of the Secured Parties a continuing security interest in, and right of setoff against all of Pledgor's right, title and interest in, to and under all the following
now owned and hereafter acquired Pledged Collateral of such Pledgor ("Copyright Collateral"): 

        (a)   The
Copyright of such Pledgor listed on Schedule I attached hereto; and 

        (b)   all
Proceeds of any and all of the foregoing (other than Excluded Property). 

        SECTION 3.    Security Agreement.    The security interest granted pursuant to this Copyright Security
Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and Pledgor hereby acknowledges and affirms that the rights,
protections, immunities and remedies of the Collateral Agent with respect to the security interest in the Copyright made and granted 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 Copyright Security Agreement is deemed to conflict with the
Security Agreement, the provisions of the Security Agreement shall control unless the Collateral Agent shall otherwise determine. 

        SECTION 4.    Remedies.    In addition to all other remedies provided in the Security Agreement, the Note
Documents, the Intercreditor Agreement or any other related document, Pledgor agrees to assign, transfer and convey, upon demand made upon the occurrence and during the continuation of an Event of
Default without requiring further action by either party and to be effective upon such demand, all of Pledgor's right, title and interest in, to and under all Copyright Collateral. 

        SECTION 5.    Termination.    Upon the payment in full of the Secured Obligations and termination of the
Security Agreement, the Collateral Agent shall execute, acknowledge, and deliver to the Pledgor an instrument in writing in recordable form releasing the collateral pledge, grant, assignment, lien and
security interest in the Copyright under this Copyright Security Agreement. 

        SECTION 6.    Counterparts.    This Copyright 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 Copyright Security Agreement by signing and delivering one or more counterparts. 

1

 

        SECTION 7.    Intercreditor Agreement.    Notwithstanding anything herein to the contrary, the lien and
security interest granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the provisions of the
Intercreditor Agreement, dated as of February 14, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the "Intercreditor
Agreement"), among Linens 'n Things, Inc., Linens Holding Co., Linens 'n Things Center, Inc., Linens 'n Things Canada Corp, UBS AG, Stamford
Branch, as "Administrative Agent", UBS AG, Stamford Branch and Wachovia Bank National Association, as co-agents serving as the "US Revolving Credit Collateral Agent", UBS AG, Canada
Branch and Wachovia Capital Finance, Corporation, as co-agents serving as "Canadian Revolving Credit Collateral Agent", (the Administrative Agent, the US Revolving Credit Collateral Agent
and the Canadian Revolving Credit Collateral Agent being referred to collectively as the "Revolving Credit Collateral Agent"), The Bank of New York serving as "Note Lien Collateral Agent" and certain
other persons which may be or become parties thereto or become bound thereto from time to time. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the
terms of the Intercreditor Agreement shall govern and control. 

[signature
page follows] 

2

 

        IN
WITNESS WHEREOF, the Pledgor has caused this Copyright Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 

	 	 	 	Very truly yours,
	

 	

 	
 	

Linens 'n Things Center, Inc.
	

 	

 	
 	

By:	

 
	 	 	 	 	
 Name:

Title:
	

Accepted and Agreed:	
 	

 	

 
	

THE BANK OF NEW YORK,

as Collateral Agent	
 	

 	

 
	

By:	

 	
 	

 	

 
	 	
 Name:

Title:	 	 	 

3

 
ACKNOWLEDGMENT OF PLEDGOR  

	STATE OF

COUNTY OF	 	)

) ss

)

        On
the            day of                        , 2006, before me
personally came                        , who is personally known to me to be
the                        of Linens 'n Things
Center, Inc., a California corporation; who, being duly sworn, did depose and say that she/he is
the                        in such corporation, the corporation described in and which executed the
foregoing instrument; that she/he executed and delivered said instrument pursuant to authority given by the Board of Directors of corporation; and that she/he acknowledged said instrument to be the
free act and deed of said corporation. 

	 	 	
 Notary Public
	

 	
 	

(PLACE STAMP AND SEAL ABOVE)

4

 
ACKNOWLEDGMENT OF COLLATERAL AGENT  

	STATE OF

COUNTY OF	 	)

) ss

)

        On
the            day of                        , 2006, before me
personally came                        , who is personally known to me to be
the                        of The Bank of New York, a New
York bank holding company; who, being duly sworn, did depose and say that she/he is the                        in such bank
holding company, the bank holding company described in and which executed the
foregoing instrument; that she/he executed and delivered said instrument pursuant to authority given by the Board of Directors of such bank holding company; and that she/he acknowledged said
instrument to be the free act and deed of said bank holding company. 

	 	 	
 Notary Public

(PLACE
STAMP AND SEAL ABOVE) 

5

 
SCHEDULE I

to

COPYRIGHT SECURITY AGREEMENT

COPYRIGHT REGISTRATIONS AND COPYRIGHT APPLICATIONS  

Copyright Registrations:  

	OWNER
 
	 	REGISTRATION

NUMBER
	 	TITLE

	Linens 'n Things Center, Inc.	 	VA-1-056-560	 	Moon and Stars

6Exhibit 4.1a

 

EXECUTION COPY

 

FIRST
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 22,
2006, among Neff Rental LLC, a Delaware limited liability company (the “Company”),
Neff Finance Corp., a Delaware corporation (together with the Company, the “Issuers”),
Neff Rental, Inc., a Florida corporation (the “Existing Guarantor”),
Valley Rents and Ready Mix, Inc., a Delaware corporation and an indirect
subsidiary of the Company (the “Additional Guarantor”), and Wells Fargo
Bank, National Association, as trustee (the “Trustee”).

WITNESSETH

WHEREAS, the Issuers and the
Existing Guarantor have heretofore executed and delivered to the Trustee an
indenture (the “Indenture”) dated as of July 8, 2005, pursuant to which
the Issuers have issued $245.0 million in aggregate principal amount of their 111⁄4%
Second Priority Senior Secured Notes due 2012 (the “Notes”);

WHEREAS, Sections 4.18 and
11.03 of the Indenture provide that under certain circumstances the Issuers
shall cause the Additional Guarantor to execute and deliver to the Trustee a supplemental
indenture pursuant to which the Additional Guarantor will Guarantee payment of
the Notes on the same terms and conditions as those set forth in Article 11 of
the Indenture; and

WHEREAS, pursuant to Section
9.01 of the Indenture, the Trustee is authorized to execute and deliver this
Supplemental Indenture.

NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the Issuers, the Existing
Guarantor, the Additional Guarantor and the Trustee mutually covenant and agree
for the equal and ratable benefit of the Holders of the Notes as follows:

SECTION
1. Capitalized Terms.  Capitalized
terms used herein but not defined shall have the meanings assigned to them in
the Indenture.

SECTION
2. Guarantee.  The Additional
Guarantor hereby agrees, jointly and severally with all other Guarantors, to unconditionally
guarantee the Issuers’ obligations under the Notes on the terms and subject to
the conditions set forth in Article 11 of the Indenture and to be bound by all
other applicable provisions of the Indenture (including Article 10).

SECTION
3. Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part
of the Indenture for all purposes, and every holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby.

SECTION 4.  No
Recourse Against Others.  No past,
present or future director, officer, employee, incorporator, stockholder or
agent of the Additional Guarantor, as such, shall have any liability for any
obligations of the Issuers or any Guarantor under the Notes, any Guarantees,
the Indenture or this Supplemental Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation.  Each Holder of the Notes by accepting a Note
waives and releases all such liability. 
The waiver and release are part of the consideration

 

 

for issuance of the Notes.  Such waiver may not be effective to waive
liabilities under the federal securities laws and it is the view of the
Commission that such a waiver is against public policy.

SECTION
5. Governing Law.  THIS
SUPPLEMENTAL INDENTURE AND THE GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION
6. Counterpart Originals.  The
parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but
all of them together represent the same agreement.

SECTION
7 Headings, etc. The headings of the Sections of this Supplemental
Indenture have been inserted for convenience of reference only, are not to be
considered a part of this Indenture and shall in no way modify or restrict any
of the terms or provisions hereof.

SECTION 8.  The
Trustee.  The Trustee shall not be responsible
in any manner whatsoever for or in respect of the validity or sufficiency of
this Supplemental Indenture or for or in respect of the recitals contained
herein, all of which recitals are made solely by the Issuers, the Existing
Guarantor and the Additional Guarantor.

 

[signature page follows]

 

2

 

IN WITNESS WHEREOF, the
parties hereto have caused this Supplemental Indenture to be duly executed and
attested, all as of the date first above written.

Dated as of May     ,
2006

	
   

  	
  VALLEY RENTS AND READY MIX, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  NEFF RENTAL LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  NEFF FINANCE CORP.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  NEFF RENTAL, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  

 

3

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