Document:

Exhibit 10.20  

        Trademark Security Agreement, dated as of February 14, 2006, by Bloomington, M.N., L.T. Inc. a Minnesota corporation
("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 Trademark 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 Trademark Collateral.    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 ("Trademark Collateral"): 

        (a)   Trademarks
of such Pledgor listed on Schedule I attached hereto; 

        (b)   Trademark
Licenses of such Pledgor listed on Schedule I attached hereto; and 

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

        SECTION 3.    Security Agreement.    The security interest granted pursuant to this Trademark 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 Trademarks and Trademark Licenses 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 Trademark 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 Trademark 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 Trademarks and Trademark Licenses under this Trademark Security Agreement. 

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

        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 

1

 

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 Trademark Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 

	 	 	 	 	Very truly yours,
	

 	
 	

 	
 	

Bloomington, M.N., L.T. Inc.
	

 	
 	

 	
 	

By:	
 	

    
 Name:

Title:
	

Accepted and Agreed:	
 	

 
	

THE BANK OF NEW YORK,

as Collateral Agent	
 	

 
	

By:	
 	

    
 Name:

Title:	
 	

 	
 	

 

3

 
ACKNOWLEDGMENT OF PLEDGOR  

	STATE OF	 	)
	 	 	) ss
	COUNTY OF	 	)

        On
the            day of                        , 2006, before me
personally came                        , who is personally known to me to be
the                        of Bloomington, M.N.,
L.T. Inc. a Minnesota 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 such 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	 	)
	 	 	) ss
	COUNTY OF	 	)

        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

TRADEMARK SECURITY AGREEMENT

TRADEMARK REGISTRATIONS AND TRADEMARK APPLICATIONS  

Pending U.S. Applications  

	Trademark
 
	 	Owner/Applicant
	 	Status, Country,

Classes
	 	App Number

Reg Number
	 	App Date

Reg Date

	MAKE YOUR HOME HAPPY	 	Bloomington, M.N., L.T. Inc.	 	Pending, USA 35	 	78/257756	 	03-Jun-2003

6Exhibit 10.21  

Trademark Security Agreement  

        Trademark Security Agreement, dated as of February 14, 2006, by LNT Merchandising Company, LLC, a Delaware
limited liability company ("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 Trademark 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 Trademark Collateral.    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 ("Trademark Collateral"): 

        (a)   Trademarks
of such Pledgor listed on Schedule I attached hereto; 

        (b)   Trademark
Licenses of such Pledgor listed on Schedule I attached hereto; and 

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

        SECTION 3.    Security Agreement.    The security interest granted pursuant to this Trademark 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 Trademarks and Trademark Licenses 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 Trademark 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 Trademark 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 Trademarks and Trademark Licenses under this Trademark Security Agreement. 

        SECTION 6.    Counterparts.    This Trademark 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 Trademark 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 Trademark Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 

	 	 	 	 	Very truly yours,
	

 	
 	

 	
 	

LNT Merchandising Company, LLC
	

 	
 	

 	
 	

By:	
 	

    
 Name:

Title:
	

Accepted and Agreed:	
 	

 
	

THE BANK OF NEW YORK,

as Collateral Agent	
 	

 
	

By:	

 	

    
 Name:

Title:	

 	

 	

 	

 

3

 
ACKNOWLEDGMENT OF PLEDGOR  

	STATE OF	 	)
	 	 	) ss
	COUNTY OF	 	)

        On
the            day of                        , 2006, before me
personally came                        , who is personally known to me to be
the                        of LNT Merchandising, LLC, a
Delaware limited liability company; who, being duly sworn, did depose and say that she/he is the                        in such
limited liability company, the limited liability 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 limited liability company; and that she/he
acknowledged said instrument to be the free act and deed of said limited liability company. 

	 	 	    
 Notary Public
	

 	
 	

(PLACE STAMP AND SEAL ABOVE)

4

 
ACKNOWLEDGMENT OF COLLATERAL AGENT  

	STATE OF	 	)
	 	 	) ss
	COUNTY OF	 	)

        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

TRADEMARK SECURITY AGREEMENT

TRADEMARK REGISTRATIONS, APPLICATIONS AND LICENSES  

Registered U.S. Trademarks  

	Trademark
 
	 	Owner/Applicant
	 	Status, Country,

Classes
	 	App Number

Reg Number
	 	App Date

Reg Date

	LINENS 'N THINGS	 	LNT Merchandising Company, LLC	 	Registered, USA, 42 Int.	 	72/370206

0934171	 	09-Sep-1970

16-May-1972
	LNT	 	LNT Merchandising Company, LLC	 	Registered, USA, Int. 20, 24, 27 and 35	 	75/546927

2337611	 	01-Sep-1998

04-Apr-2000
	DREAM BIG, PAY LITTLE	 	LNT Merchandising Company, LLC	 	Registered, USA 35	 	78/497112

3035124	 	08-Oct-2004

Pending U.S. Applications  

	Trademark
 
	 	Owner/Applicant
	 	Status, Country,

Classes
	 	App Number

Reg Number
	 	App Date

Reg Date

	ATTITUDE	 	LNT Merchandising Company, LLC	 	Pending, USA 21 et al.	 	78/427854	 	01-Jun-2004
	ATTITUDES	 	LNT Merchandising Company, LLC	 	Pending, USA 21 et al.	 	78/427863	 	01-Jun-2004
	HOTEL LIVING	 	LNT Merchandising Company, LLC	 	Pending, USA 24 Int., 25 Int., 27 Int.	 	78/438409	 	21-Jun-2004
	LINENS-N-THINGS and DESIGN	 	LNT Merchandising Company, LLC	 	Pending, USA 35	 	78/425295	 	26-May-2004
	MAKE YOUR HOME HAPPY	 	LNT Merchandising Company, LLC	 	Pending, USA 35	 	78/257756	 	03-Jun-2003
	SPA-TEX	 	LNT Merchandising Company, LLC	 	Published, USA 24 Int., 25 Int., 27 Int.	 	78/389104	 	23-Mar-2004

6

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