Document:

Exhibit 10.22  

Trademark Security Agreement  

        Trademark Security Agreement, dated as of February 14, 2006, by LNT Services, Inc., a Delaware
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. 

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 Services, 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 LNT Services, Inc., a
Delaware 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

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

TRADEMARK SECURITY AGREEMENT

TRADEMARK REGISTRATIONS, APPLICATIONS AND LICENSES  

        License Agreement dated as of July 30, 2004, as amended, by and between Nate Berkus Entertainment, Inc. (NBE) as Licensor and LNT
Services, Inc. (LNT) as Licensee granting Licensee an exclusive license to use the following trademarks in connection with the manufacture, distribution, sale, advertising and promotion of
certain categories of products, including bedding, bath textiles and accessories, kitchen textiles, dinnerware and flatware: 

	NATE BERKUS	 	US Serial No. 78468591
	NATE BERKUS	 	US Serial No. 78468747
	NATE BERKUS	 	US Serial No. 78468738
	NATE BERKUS	 	US Serial No. 78468729
	NATE BERKUS	 	US Serial No. 78468672
	NATE BERKUS	 	US Serial No. 78468664
	NATE BERKUS	 	US Serial No. 78468627
	NATE BERKUS	 	US Serial No. 78468760
	NATE BERKUS	 	US Serial No. 78468750
	NATE BERKUS	 	US Serial No. 78468639
	NATE BERKUS	 	US Serial No. 78468617
	NATE BERKUS	 	US Serial No. 78468569
	NATE BERKUS	 	US Serial No. 78468566
	NATE BERKUS	 	US Serial No. 78468534

6Exhibit 10.23  

Copyright Security Agreement  

        Copyright Security Agreement, dated as of February 14, 2006, by Linens 'n Things, Inc., a New
Jersey 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, 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 Linens 'n
Things, Inc., a New Jersey 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	 	)
	 	 	) 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

COPYRIGHT SECURITY AGREEMENT

COPYRIGHT REGISTRATIONS AND COPYRIGHT APPLICATIONS  

Copyright Registrations:  

	OWNER
 
	 	REGISTRATION

NUMBER
	 	TITLE

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

6

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