Document:

ex10-1.htm

    Exhibit
10.1

     

     

     

    TRANSITION
SERVICES AGREEMENT

     

    This TRANSITION SERVICES AGREEMENT
dated as of [          ], 2008
(this “Agreement”), by and
among The Brink’s Company, a Virginia corporation (“Brink’s”), and
Brink’s Home Security Holdings, Inc., a Virginia corporation
(“Holdings”).

     

    W
I T N E S S E T H

     

    WHEREAS Brink’s and Holdings are
parties to a Separation and Distribution Agreement dated as of
[             ],
2008 (the “Separation
and Distribution Agreement”), pursuant to which Brink’s will distribute
to holders of shares of Brink’s Common Stock (such term and each other
capitalized term used but not defined in these recitals shall have the meanings
given to them in Section 1) all the outstanding shares of BHS Common Stock owned
directly or indirectly by Brink’s on the Distribution Date;

     

    WHEREAS Holdings and the BHS Affiliates
will operate the BHS Business; and

     

    WHEREAS following the Distribution,
Holdings desires to receive, and Brink’s is willing to provide, or cause to be
provided, for a limited period of time, certain transition services in
connection with the BHS Business, subject to the terms and conditions of this
Agreement.

     

    NOW, THEREFORE, in consideration of the
foregoing and the mutual agreements and covenants set forth herein, the parties
hereby agree as follows:

     

    1.  Definitions.

     

    Capitalized terms used herein and not
otherwise defined herein have the meanings given to such terms in the Separation
and Distribution Agreement. For the purposes of this Agreement, the following
terms shall have the following meanings:

     

    “BHS Affiliate” shall
mean any Subsidiary of Holdings.

     

    “BHS Business” shall
mean the businesses conducted by Holdings and the BHS Affiliates on the
Distribution Date other than the businesses conducted by Brink’s Guarding
Services, Inc., a Delaware corporation, on the Distribution Date.

     

    “Business Day” shall
mean any calendar day that is not a Saturday, Sunday or legal holiday in either
Virginia or Texas.

     

    2.  Provision of
Services.

     

    (a)  Subject to the terms and
conditions of this Agreement, Brink’s shall provide, or cause to be provided,
to Holdings
and the BHS Affiliates, solely for the benefit of
the BHS Business in the ordinary course of business, the services (the
“Services”)
described in Schedule A, the terms of which are incorporated herein by
reference, for periods commencing on the
Distribution Date and ending on the relevant date specified in Schedule
A (the “Service
Period”), unless such period is earlier terminated in accordance with the
terms hereof. The Services shall be performed on Business Days during hours that
constitute regular business hours for each of Brink’s and Holdings, unless
otherwise agreed. Neither Holdings nor the BHS Affiliates shall resell,
subcontract, license, sublicense or otherwise transfer any of the Services to
any Person whatsoever or permit use of any of the Services by any Person other
than by Holdings and the BHS Affiliates directly in connection with the conduct
of the BHS Business in the ordinary course of business.

     

     

     

     

    
      
        
        

      

      
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    (b)  Notwithstanding anything
to the contrary in this Section 2 (but subject to the second succeeding
sentence), Brink’s shall have the exclusive right to select, employ, pay,
supervise, administer, direct and discharge any of its employees who will
perform Services.  Brink’s shall be responsible for paying such
employees’ compensation and providing to such employees any benefits. With
respect to each Service identified in Schedule A, Brink’s shall use commercially
reasonable efforts to have qualified individuals participate in the provision of
such Service; provided, however, that
(i) Brink’s shall not be obligated to have any individual participate in
the provision of any Service if Brink’s determines that such participation would
adversely affect Brink’s or its Affiliates; and (ii) none of Brink’s or its
Affiliates shall be required to continue to employ any particular individual
during the applicable Service Period.

     

    (c)  Holdings acknowledges
that the purpose of this Agreement is to enable it to receive the Services on an
interim basis. Accordingly, at all times from and after the Distribution Date,
Holdings and the BHS Affiliates shall use commercially reasonable efforts to
make or obtain, or cause to be made or obtained, any filings, registrations,
approvals, permits or licenses; implement, or cause to be implemented, any
systems; purchase, or cause to be purchased, any equipment; and take, or cause
to be taken, any and all other actions, in each case necessary or advisable to
enable Holdings and the BHS Affiliates to provide the Services for Holdings and
the BHS Affiliates as soon as reasonably practical, and in any event prior to
the expiration of the relevant Service Periods. For the avoidance of doubt,
Holdings acknowledges that Brink’s shall not be required to provide any Service
for a period longer than the applicable Service Period.

     

    3.  Standard of
Performance.

     

    (a)  Brink’s shall use
commercially reasonable efforts to provide, or cause to be provided, to Holdings
and the BHS Affiliates, each Service in a manner generally consistent with the
manner and level of care with which such Service was provided to the BHS
Business immediately prior to the Distribution Date (or, with respect to any
Service not provided by Brink’s to Holdings or any BHS Affiliate prior to the
Distribution Date, generally consistent with the manner and level of care with
which such Service is performed by Brink’s for its own behalf), unless otherwise
specified in this Agreement or Schedule A.  Notwithstanding the
foregoing, Brink’s shall have no obligation hereunder to provide to Holdings or
any BHS Affiliate (i) any improvements, upgrades, updates, substitutions,
modifications or enhancements to any of the Services unless otherwise specified
in Schedule A or (ii) any Service to the extent that the need for such Service
arises, directly or indirectly, from the acquisition by Holdings or any BHS
Affiliate, outside the ordinary course of business, of any assets of, or any
equity interest in, any Person. Holdings acknowledges and agrees that Brink’s
may be providing services similar to the Services provided hereunder and/or
services that involve the same resources as those used to provide the Services
to its and its Affiliates’ business units and other third parties, and,
accordingly, Brink’s reserves the right to modify any of the Services or the
manner in which any of the Services are provided in the ordinary course of
business; provided, however, that no such
modification shall materially diminish the Services or have a materially adverse
effect on the BHS Business.

     

     

     

     

    
      
        
        

      

      
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    (b)  Brink’s will use
commercially reasonable efforts not to establish priorities, as between Brink’s
and its Affiliates, on the one hand, and Holdings and the BHS Affiliates, on the
other hand, as to the provision of any Service, and will use commercially
reasonable efforts to provide the Services within a time frame so as not to
materially disrupt the BHS Business.  Notwithstanding the foregoing,
Holdings acknowledges and agrees that, due to the transitional nature of the
Services, Brink’s shall have the right to establish reasonable priorities as
between Brink’s and its Affiliates, on the one hand, and Holdings and the BHS
Affiliates, on the other hand, as to the provision of any Service if Brink’s
determines that such priorities are necessary to avoid any adverse effect to
Brink’s and its Affiliates.  If any such priorities are established,
Brink’s shall advise Holdings as soon as possible of any Services that will be
delayed as a result of such prioritization, and will use commercially reasonable
efforts to minimize the duration and impact of such delays.

     

    4.  Fees for
Services.

     

    (a)  As compensation for the
Services, Holdings agrees to pay Brink’s, in accordance with this Agreement, all
amounts as set out in Schedule A and Section 4(b).

     

    (b)  In addition to the
compensation set out in Schedule A, Brink’s shall be entitled to reimbursement
for reasonable and customary out-of-pocket expenses incurred in connection with
this Agreement.

     

    (c)  Brink’s shall submit
statements of account to Holdings on a quarterly basis with respect to all
amounts payable by Holdings to Brink’s hereunder (the “Invoiced Amount”),
setting out the Services provided by reference to Schedule A and the amount
billed to Holdings as a result of providing such Services (together with, in
arrears, any Commingled Invoice Statement (as defined below) and any other
invoices for Services provided by third parties, in each case setting out the
Services provided by the applicable third parties by reference to Schedule A).
Holdings shall pay the Invoiced Amount to Brink’s by wire transfer in
immediately available funds to an account specified by Brink’s, or in such other
manner as specified by Brink’s in writing, within 30 days of the date of
delivery to Holdings of the applicable statement of account.

     

    (d)  Brink’s may engage
third-party contractors, at a reasonable cost, to perform or provide any of the
Services or any secretarial, administrative, telephone, e-mail or other services
necessary or ancillary to the Services (collectively, the “Ancillary Services”)
(all of which may be contracted for separately by Brink’s on behalf of Holdings)
after giving notice to Holdings, reasonably in advance of the commencement of
such Services and Ancillary Services to be so provided by such contractors,
of the identity of such contractors, each Service and Ancillary Service to be
provided by such contractors and a good faith estimate of the cost (or formula
for determining the cost) of the Services and Ancillary Services to be so
provided by such contractors.  Holdings may, in its sole discretion,
decline to accept any such Services or Ancillary Services to be provided by any
such contractors by giving prompt written notice to Brink's, provided that, if Holdings so
declines any Service or Ancillary Service from any such contractors, then
thereafter, notwithstanding anything in this Agreement to the contrary, Brink's
shall be excused from any obligation to provide such Service or Ancillary
Service.

     

     

     

     

    
      
        
        

      

      
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    (e)  Brink’s may cause any
third party to which amounts are payable by or for the account of Holdings in
connection with Services or Ancillary Services to issue a separate invoice to
Holdings for such amounts.  Holdings shall pay or cause to be paid any
such separate third party invoice in accordance with the payment terms thereof.
Any third party invoices that aggregate Services or Ancillary Services for the
benefit of Holdings and the BHS Affiliates, on the one hand, with services not
for the benefit of Holdings and the BHS Affiliates, on the other hand (each, a
“Commingled
Invoice”), shall be separated by Brink’s. Brink’s shall prepare a
statement indicating that portion of the invoiced amount of such Commingled
Invoice that is attributable to Services or the Ancillary Services rendered for
the benefit of Holdings and the BHS Affiliates (the “Commingled Invoice
Statement”).  Brink’s shall deliver such Commingled Invoice
Statement and a copy of the Commingled Invoice to Holdings.  Holdings
shall, within 30 days after the date of delivery to Holdings of such Commingled
Invoice Statement, pay or cause to be paid the amount set forth on such
Commingled Invoice Statement to the third party, and shall deliver evidence of
such payment to Brink’s. Brink’s shall not be required to use its own funds for
payments to any third party providing any of the Services or Ancillary Services
or to satisfy any payment obligation of Holdings or any of its Affiliates to any
third party provider; provided, however, that in the
event Brink’s does use its own funds for any such payments to any third party,
Holdings shall reimburse Brink’s for such payments as invoiced by Brink’s within
30 days following the date of delivery of such invoice from
Brink’s.

     

    (f)  Brink’s may, in its
discretion and without any liability, suspend any performance under this
Agreement upon failure of Holdings to make timely any payments required under
this Agreement beyond the applicable cure date specified in Section 5(d) of this
Agreement.

     

    (g)  In the event that
Holdings does not make any payment required under the provisions of this
Agreement to Brink’s when due in accordance with the terms hereof, Brink’s
shall, at its option, charge Holdings interest on the unpaid amount at the rate
of 2% per annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or
its successor). In addition, Holdings shall reimburse Brink’s for all costs of
collection of overdue amounts, including any reimbursement required under
Section 4(e) and any reasonable attorneys’ fees.

     

    (h)  Holdings acknowledges
and agrees that it shall be responsible for any interest or other amounts in
respect of any portion of any Commingled Invoice that Holdings is required to
pay pursuant to any Commingled Invoice Statement.

     

    5.  Term;
Termination.

     

    (a)  The performance of the
Services under this Agreement shall commence on the Distribution Date and shall
continue in full force and effect until the end of the last Service Period or
the earlier date upon which this Agreement has been otherwise terminated in
accordance with the terms hereof.

     

     

     

     

    
      
        
        

      

      
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    (b)  During the term of this
Agreement, Holdings may instruct Brink’s to discontinue providing certain
Services or otherwise reduce its level of such Services upon giving Brink’s ten
Business Days prior written notice.  Upon the early termination of any
Service pursuant to this Section 5(b) or upon the expiration of the applicable
Service Period, following the effective time of the termination, Brink’s shall
no longer be obligated to provide such Service, provided that Holdings shall
be obligated to reimburse Brink’s for any reasonable out-of-pocket expenses or
costs attributable to such termination.

     

    (c)  Holdings may terminate
this Agreement in its entirety upon 30 days prior written notice to
Brink’s.

     

    (d)  Either party to this
Agreement shall have, in addition to any other rights and remedies it may have,
the right to terminate this Agreement on 30 days’ prior written notice to the
other, if the other party shall breach or default in the performance of any
material provision of this Agreement; provided, however, that if it
is possible for such breach or default to be cured and the party receiving such
notice of termination shall cure such breach or default within a 30 day period
after receipt of such notice, then this Agreement shall continue in full force
and effect.

     

    (e)  Brink’s shall have the
right, notwithstanding any other provisions of this Agreement, and in addition
to any other rights and remedies it may have, to terminate this Agreement
forthwith and at any time if Holdings becomes insolvent; or if Holdings files a
petition in bankruptcy or insolvency; or if Holdings is adjudicated bankrupt or
insolvent; or if Holdings files any petition or answer seeking reorganization,
readjustment or arrangement of Holdings’s business under any law relating to
bankruptcy or insolvency; or if a receiver, trustee or liquidator is appointed
for any of the property of Holdings and within 60 days thereof Holdings fails to
secure a dismissal thereof; or if Holdings makes any assignment for the benefit
of creditors; or in the event of government expropriation of any material
portion of the assets of Holdings.

     

    
      (f)  If Holdings shall fail
to pay any financial obligation to Brink’s incurred by it under this Agreement within
ten days after notice from Brink’s, then Brink’s shall have the right,
notwithstanding Subsection (d) of this Section 5 or any other provisions of this
Agreement,
and in addition to any other rights and remedies it may have, to terminate this
Agreement
forthwith.

       

    

    (g)  In any event, no
termination, cancelation or expiration of this Agreement shall prejudice the
right of either party hereto to recover any payment due at the time of
termination, cancelation or expiration (or any payment accruing as a result
thereof), nor shall it prejudice any cause of action or claim of either party
hereto accrued or to accrue by reason of any breach or default by the other
party hereto.

     

    (h)  Notwithstanding any
provision herein to the contrary, Sections 4 and 9 through 16 of this Agreement
shall survive the termination of this Agreement.

     

    6.  Miscellaneous.  Except
as otherwise expressly set forth in this Agreement, the provisions in
Article XI of the Separation and Distribution Agreement (which
Article XI addresses counterparts, entire agreement, corporate power,
governing law, assignability, third party beneficiaries, notices, severability,
force majeure, publicity, expenses, headings, survival of covenants, waivers of
default, specific performance, amendments, interpretation, jurisdiction and
service of process, currency and late payments) other than the provisions
thereof relating to assignability, force majeure and publicity, shall apply
mutatis mutandis to this Agreement.

     

     

     

     

    
      
        
        

      

      
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    7.  Intellectual
Property.  Holdings grants to Brink’s and its Affiliates a
limited, non-exclusive, fully paid-up, nontransferable, revocable license,
without the right to sublicense, for the term of this Agreement to use all
intellectual property owned by or, to the extent permitted by the applicable
license, licensed to Holdings solely to the extent necessary for Brink’s to
perform its obligations hereunder.

     

    8.  Cooperation;
Access.

     

    (a)  Holdings shall, and
shall cause the BHS Affiliates to, permit Brink’s and its employees and
representatives access, on Business Days during hours that constitute regular
business hours for Holdings and upon reasonable prior request, to the premises
of Holdings and the BHS Affiliates and such data, books, records and personnel
designated by Holdings and the BHS Affiliates as involved in receiving or
overseeing the Services as Brink’s may reasonably request for the purposes of
providing the Services.  Brink’s shall provide Holdings, upon
reasonable prior written notice, such documentation relating to the provision of
the Services as Holdings may reasonably request for the purposes of confirming
any Invoiced Amount or other amount payable pursuant to any Commingled Invoice
Statement or otherwise pursuant to this Agreement. Any documentation so provided
to Brink’s pursuant to this Section will be subject to the confidentiality
obligations set forth in Section 9 of this Agreement.

     

    (b)  Each party hereto shall
designate a relationship manager (each, a “Relationship
Manager”) to report and discuss issues with respect to the provision of
the Services and successor relationship managers in the event that a designated
relationship manager is not available to perform such role
hereunder.  The initial Relationship Manager designated by Brink’s
shall be Matthew A.P. Schumacher and the initial Relationship Manager designated
by Holdings shall be Stephen C. Yevich.  Either party may replace its
Relationship Manager at any time by providing written notice thereof to the
other party hereto.

     

    9.  Confidentiality.  This
Agreement and the information provided to each party hereunder shall be subject
to the confidentiality provisions set forth in Sections 7.07 and 7.08 of the
Separation and Distribution Agreement.

     

    10.  Dispute
Resolution.  All disputes, controversies and claims directly or
indirectly arising out of or in relation to this Agreement or any schedule
hereto or the validity, interpretation, construction, performance, breach or
enforceability of this Agreement or any schedule hereto shall be finally,
exclusively and conclusively settled in accordance with the provisions of
Article VIII of the Separation and Distribution Agreement, which shall apply
mutatis mutandis to this Agreement.

     

    11.  Warranties; Limitation of
Liability; Indemnity.

     

    (a)  Holdings acknowledges
that Brink’s is not engaged in the business of providing services of the type
being provided hereunder and that the Services and Ancillary Services to be
provided by Brink’s to Holdings and the BHS Affiliates are being provided as an
accommodation to Holdings and the BHS Affiliates in connection with the
transactions contemplated by the Separation and Distribution Agreement. All
Services and Ancillary Services are provided “as is”.

     

     

     

     

    
      
        
        

      

      
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    (b)  Other than the
statements expressly made by Brink’s in this Agreement, Brink’s makes no
representation or warranty, express or implied, with respect to the Services and
Ancillary Services and, except as provided in Subsection (c) of this Section 11,
Holdings hereby waives, releases and renounces all other representations,
warranties, obligations and liabilities of Brink’s, and any other rights, claims
and remedies of Holdings against Brink’s, express or implied, arising by law or
otherwise, with respect to any nonconformance, error, omission or defect in any
of the Services or Ancillary Services, including (i) any implied warranty of
merchantability or fitness, (ii) any implied warranty arising from course of
performance, course of dealing or usage of trade and (iii) any obligation,
liability, right, claim or remedy in tort, whether or not arising from the
negligence of Brink’s.

     

    (c)  None of Brink’s or any
of its Affiliates or any of its or their respective officers, directors,
employees, agents, attorneys-in-fact, contractors or other representatives shall
be liable for any action taken or omitted to be taken by Brink’s or such person
under or in connection with this Agreement, except that Brink’s shall be liable
for direct damages or losses incurred by Holdings or the BHS Affiliates arising
out of the gross negligence or willful misconduct of Brink’s or any of its
Affiliates or any of its or their respective officers, directors, employees,
agents, attorneys-in-fact, contractors or other representatives in the
performance or nonperformance of the Services or Ancillary
Services.

     

    (d)  In no event shall the
aggregate amount of all such damages or losses for which Brink’s may be liable
under this Agreement exceed the aggregate total sum received by Brink’s for the
Services.  Except as provided in Subsection (c) of this Section 11,
none of Brink’s or any of its Affiliates or any of its or their respective
officers, directors, employees, agents, attorneys-in-fact, contractors or other
representatives shall be liable for any action taken or omitted to be taken by,
or the negligence, gross negligence or willful misconduct of, any third
party.

     

    (e)  Notwithstanding anything
to the contrary herein, none of Brink’s or any of its Affiliates or any of its
or their respective officers, directors, employees, agents, attorneys-in-fact,
contractors or other representatives shall be liable for damages or losses
incurred by Holdings or any BHS Affiliate for any action taken or omitted to be
taken by Brink’s or such other person under or in connection with this Agreement
to the extent such action or omission arises from actions taken or omitted to be
taken by, or the negligence, gross negligence or willful misconduct of, Holdings
or any BHS Affiliate.

     

    (f)  Without limiting
Subsection (c) of this Section 11, no party hereto or any of its Affiliates or
any of its or their respective officers, directors, employees, agents,
attorneys-in-fact, contractors or other representatives shall in any event have
any obligation or liability to the other party hereto or any such other person
whether arising in contract (including warranty), tort (including active,
passive or imputed negligence) or otherwise for consequential, incidental,
indirect, special or punitive damages, whether foreseeable or not, arising out
of the performance of the Services or Ancillary Services or this Agreement,
including any loss of revenue or profits, even if a party hereto has been
notified about the possibility of such damages; provided, however, that the
provisions of this Subsection (f) shall not limit the indemnification
obligations hereunder of either party hereto with respect to any liability that
the other party hereto may have to any third party not affiliated with any
member of the Brink’s Group or the BHS Group for any incidental, consequential,
indirect, special or punitive damages.

     

     

     

     

    
      
        
        

      

      
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    (g)  Holdings shall indemnify
and hold Brink’s and its Affiliates and any of its or their respective officers,
directors, employees, agents, attorneys-in-fact, contractors or other
representatives harmless from and against any and all damages, claims or losses
that Brink’s or any such other person may at any time suffer or incur, or become
subject to, as a result of or in connection with this Agreement or the Services
or Ancillary Services provided hereunder, except those damages, claims or losses
incurred by Brink’s or such other person arising out of the gross negligence or
willful misconduct by Brink’s or such other person.

     

    (h)  Neither party hereto may
bring an action against the other under this Agreement (whether for breach of
contract, negligence or otherwise) more than six months after that party becomes
aware of the cause of action, claim or event giving rise to the cause of action
or claim.

     

    12.  Taxes.  Each
party hereto shall be responsible for the cost of any sales, use, privilege and
other transfer or similar taxes imposed upon that party as a result of the
transactions contemplated hereby. Any amounts payable under this Agreement are
exclusive of any goods and services taxes, value added taxes, sales taxes or
similar taxes (“Sales
Taxes”) now or hereinafter imposed on the performance or delivery of
Services, and an amount equal to such taxes so chargeable shall, subject to
receipt of a valid receipt or invoice as required below in this Section 12, be
paid by Holdings to Brink’s in addition to the amounts otherwise payable under
this Agreement.  In each case where an amount in respect of Sales Tax
is payable by Holdings in respect of a Service provided by Brink’s, Brink’s
shall furnish in a timely manner a valid Sales Tax receipt or invoice to
Holdings in the form and manner required by applicable law to allow Holdings to
recover such tax to the extent allowable under such law.

     

    13.  Public
Announcements.  No party to this Agreement shall make, or cause
to be made, any press release or public announcement or otherwise communicate
with any news media in respect of this Agreement or the transactions
contemplated by this Agreement without the prior written consent of the other
party hereto unless otherwise required by law, in which case the party making
the press release, public announcement or communication shall give the other
party reasonable opportunity to review and comment on such and the parties shall
cooperate as to the timing and contents of any such press release, public
announcement or communication.

     

    14.  Assignment.  This
Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and permitted assigns. No party hereto may
assign either this Agreement or any of its rights, interests or obligations
hereunder without the prior written approval of the other party hereto; provided, however, that
(i) Holdings may assign this Agreement without the consent of Brink’s to
any third party that acquires, by any means, including by merger or
consolidation, assets of Holdings or the BHS Affiliates, including equity
interests in any BHS Affiliates, that constitute all or substantially all the
consolidated assets of Holdings and the BHS Affiliates that are used in the BHS
Business and (ii) Brink’s may assign this Agreement without the consent of
Holdings to any third party that acquires, by any means, including by merger or
consolidation, all or substantially all the consolidated assets of Brink’s. Any
purported assignment in violation of this Section 14 shall be void and shall
constitute a material breach of this Agreement.

     

     

     

     

    
      
        
        

      

      
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    15.  Relationship of the
Parties.  The parties hereto are independent contractors and
none of the parties hereto is an employee, partner or joint venturer of the
other.  Under no circumstances shall any of the employees of a party
hereto be deemed to be employees of the other party hereto for any
purpose.  Except as expressly provided in Section 4(d), none of the
parties hereto shall have the right to bind the others to any agreement with a
third party nor to represent itself as a partner or joint venturer of the other
by reason of this Agreement.

     

    16.  Force
Majeure.  Neither party hereto shall be in default of this
Agreement by reason of its delay in the performance of, or failure to perform,
any of its obligations hereunder if such delay or failure is caused by strikes,
acts of God, acts of the public enemy, acts of terrorism, riots or other events
that arise from circumstances beyond the reasonable control of that
party.  During the pendency of such intervening event, each of the
parties hereto shall take all reasonable steps to fulfill its obligations
hereunder by other means and, in any event, shall upon termination of such
intervening event, promptly resume its obligations under this
Agreement.

     

     

     

     

    
      
        
        

      

      
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               IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be executed as of the date first written
above by their respective officers thereunto duly authorized.

     

    
 

    
      	
              THE
      BRINK’S COMPANY,

               

            
	
              by:

            	 
      
	 
      	
              Name:

            
	 
      	
              Title:

            
	 
      	 
      

    

    

    

    
      	
              BRINK’S
      HOME SECURITY HOLDINGS, INC.,

               

            
	
              by:

            	 
      
	 
      	
              Name:

            
	 
      	
              Title:

            
	 
      	 
      

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    SCHEDULE
A

     

    

    
      	
              Service

            	
              Service
      Period 

              (months)

            	
              Service
      Fees

              [to be
      determined]

            
	
              Tax

               

              General
      accounting advice and consultation in the areas of federal and state tax
      planning and compliance, management of open audits, tax accounting under
      FAS 109 and FIN48, general advice on audit dispute resolution, calculation
      of estimated tax payments, tax compliance software selection, and
      preparation, review and filing of the first set of federal and state
      income tax returns.

               

            	
              12

            	 
      
	
              Legal

               

              General
      legal advice and services  in the areas of general corporate,
      governance, securities compliance, intellectual property, litigation, real
      estate, employment, employee benefits.

               

            	
              9

            	 
      
	
              Accounting

               

              General
      accounting advice and consultation in the areas of benefit plan accounting
      under FAS 123(R), tax accounting under FAS 109 and
      FIN48,  general advice on SEC reporting (including advise on
      filing by EDGAR).

               

            	
              6

            	 
      
	 Treasury
      

               

              General
      advice and consultation in the areas of cash management, management of
      bank lines, and management of cash investments.

               

            	
               6

            	 
	
              
                Investor
      Relations

                 

                General
      advice and consultation in the areas of investor relations, investor
      website management, investor webcast and quarterly conference call
      preparation, Annual Report preparation, and press release preparation and
      dissemination.

                 

              

            	
              6

            	 
      

    

     

     

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

     

     

    
      	
               Service

            	
               Service
      Period

              (months)

            	
               Service
      Fees

              [to be
      determined]

            
	
              Insurance/Risk
      Management

               

              General
      advice and consultation in the areas of broker selection, review of bids,
      selection and monitoring of insurers/underwriters, communications with
      brokers and underwriters, claims management and reporting, and
      interpretation of reports inclusive of Worker’s Compensation plans and
      vendors.

               

            	
              12

               

            	 
      
	
              Health and Welfare
      Plans

              (United
      States and Canadian)

               

              General
      advice and consultation in the areas of benefit consultant/broker
      selection, review of bids, selection and monitoring of vendors,
      communications with consultants and vendors, claims management and
      reporting, and interpretation of reports.

               

            	
              18

            	 
      
	
              Pension/401(k)

               

              (United
      States and Canadian Defined Contribution and Defined
Benefit.)

               

              General
      advice and consultation in the areas of plan design, ERISA guidance,
      vendor management, communication plans, and associated auditing and
      compliance reporting.

               

            	
              18

            	 
      

    

     

     

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

     

    
      	 Service	
               Service
      Period

              (months)

            	
               Service
      Fees

              [to be
      determined]

            
	
              Compensation

               

              General
      advice and consultation in the areas of plan interpretation for Key
      Employees Deferred Compensation plans, Equity incentive plans, Board of
      Director compensation plans (plan for deferral of director’s fees, stock
      accumulation plan and non-employee directors’ equity plan), monitoring of
      vendors against plan design, quarterly reporting and compliance
      filing.

               

              Advice
      and consultation regarding tax consideration and federal filings regarding
      above mentioned plans.

               

            	
              18

            	 
      

    

    
 

     

     

     

     

     

     

     

     

     

     13ex10-3.htm

    Exhibit
10.3

     

     

    
      BRAND
LICENSING AGREEMENT

       

      This
BRAND LICENSING AGREEMENT (this “AGREEMENT”) dated as
of
[                  ],
2008, is by and between Brink’s Network, Incorporated, a Delaware corporation
(“LICENSOR”),
and Brink’s Home Security Holdings, Inc., a Virginia corporation (“LICENSEE”).

       

      W I T N E S S E T
H

       

      WHEREAS
LICENSOR and LICENSEE are parties to a Separation and Distribution Agreement
dated as of [           ],
2008 (the “SEPARATION
AND DISTRIBUTION AGREEMENT”), pursuant to which, among other things,
LICENSOR and LICENSEE agreed to enter into a brand licensing agreement;
and

       

      WHEREAS,
LICENSEE desires to provide SERVICES, as hereinafter defined, and to market
PRODUCTS, as hereinafter defined, utilizing the TRADE SYMBOLS, as hereinafter
defined, in the TERRITORY, as hereinafter defined, under grant of license by
LICENSOR.

       

      NOW,
THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, the parties hereto agree as follows:

       

      
        	
                 
      

              	
                1.

              	
                Definitions

              

      

       

      Capitalized
terms used herein and not otherwise defined herein have the meanings given to
such terms in the SEPARATION AND
DISTRIBUTION AGREEMENT. For the purposes of this AGREEMENT, the following
terms shall have the following meanings:

       

      “BHS DOMAIN NAMES”
shall mean each of www.mybrinks.com, www.brinksbusinesssecurity.com, www.brinkshomesecurity.com and www.brinkshometechnologies.com.

       

      “BHS TRADE SYMBOLS”
shall mean any of the TRADE SYMBOLS identified in Schedule A as a “BHS TRADE
SYMBOL”.

       

      “BUSINESS DAY” shall
mean any calendar day that is not a Saturday, Sunday or legal holiday in either
Virginia or Texas.

       

      “COMPETITOR” shall
mean any entity that is engaging, directly or indirectly, in (a) the provision
of secured transportation, cash logistics, guarding or other related services
anywhere in the world or (b) the provision, rental, installation, servicing,
repair, distribution, storage, monitoring and maintenance of commercial or
residential security systems outside the TERRITORY.

       

      “EQUITY INTERESTS”
shall mean shares of capital stock, partnership interests, membership interests
in a limited liability company, beneficial interests in a trust or other equity
ownership interests in a PERSON, and any warrants, options or other rights
entitling the holder thereof to purchase or acquire any such equity interest
from the issuer thereof.

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      “GAAP” shall mean
generally accepted accounting principles in the United States, as in effect from
time to time.

       

      “PRODUCTS” shall mean
any apparatus, component and/or software program used, marketed, leased or sold
in the performance of the SERVICES by LICENSEE.

       

      “SEC” shall mean the
United States Securities and Exchange Commission.

       

      “SERVICES” shall mean
(a) the provision, rental, installation, servicing, repair, distribution,
storage, monitoring and maintenance of (i) security alarm systems for business
and residential premises, including any video surveillance and any fire, carbon
dioxide, water, temperature, intrusion and/or medical emergency alarm components
of such security alarm systems, and (ii) personal emergency response systems for
senior citizens; (b) personal identity protection services; and (c) the
marketing, packaging, advertising and promotion of any of the services listed in
this definition.

       

      “TERM” shall have the
meaning set forth in Section 8.

       

      “TERRITORY” shall mean
the United States of America, Puerto Rico and Canada.

       

      “TRADE SYMBOLS” shall
mean any of the trademarks, trade names, logos, domain names, slogans, labels,
copyrights, emblems, insignia and other trade identifying symbols listed in
Schedule A.

       

      “WHOLLY OWNED
SUBSIDIARY” shall mean a SUBSIDIARY of
LICENSEE all the outstanding EQUITY INTERESTS of which (other than (x)
directors’s qualifying shares and (y) shares issued to a foreign national to the
extent required by applicable law) are owned by LICENSEE and/or by one or more
WHOLLY OWNED SUBSIDIARIES.

       

      
        	
                 
      

              	
                2.

              	
                Grant of Right to Use
      of the TRADE SYMBOLS

              

      

       

      (a)           Subject
to the terms and conditions set forth in this AGREEMENT, LICENSOR hereby grants
to LICENSEE during the TERM an exclusive, nontransferable (except as provided in
Section 17) license to use the TRADE SYMBOLS in relation to the SERVICES
and PRODUCTS within the TERRITORY.

       

      (b)           LICENSEE
shall not have the right to grant sublicenses to the right to use the TRADE
SYMBOLS without the prior written approval of LICENSOR, which LICENSOR may
refuse in its sole discretion. Notwithstanding the foregoing, LICENSEE may,
without LICENSOR’s approval (subject to LICENSEE’s compliance with the last
sentence of Section 12), sublicense its rights hereunder to (i) any WHOLLY
OWNED SUBSIDIARY or
(ii) any agent, subcontractor, dealer, distributor or other representative
of LICENSEE or of a WHOLLY OWNED SUBSIDIARY
sublicensed under clause (i) of this Section 2(b) solely to the extent necessary
to enable such agent, subcontractor, dealer, distributor or other representative
to provide SERVICES or PRODUCTS for or on behalf of LICENSEE or such WHOLLY
OWNED SUBSIDIARY, provided that such sublicense
shall be subject to the terms and conditions of this AGREEMENT and; provided further, that such
sublicense shall terminate automatically upon such sublicensee’s ceasing to be a
WHOLLY OWNED SUBSIDIARY, agent, subcontractor, dealer, distributor or other
representative, as applicable, of LICENSEE or of a WHOLLY OWNED SUBSIDIARY.
LICENSEE shall be responsible for each such sublicensee’s compliance with the
terms of this AGREEMENT and such sublicence and shall be liable for any breach
of this AGREEMENT and such sublicense by each such sublicensee.

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

       

      (c)           LICENSOR
reserves to itself, for its own use and/or the use of its AFFILIATES and
licensees, in or outside the TERRITORY, the right to use the TRADE SYMBOLS
(other than the BHS TRADE SYMBOLS in the TERRITORY), either alone or as a
component of another trademark, trade name, slogan, logo, domain name, label
copyright, emblem, insignia or other trade identifying symbol, except in
relation to SERVICES and PRODUCTS within the TERRITORY, and nothing in this
AGREEMENT shall prohibit, limit or restrict LICENSOR from licensing or otherwise
disposing of such use, in or outside the TERRITORY, including during the TERM,
to any other PERSON.  Notwithstanding the foregoing, none of LICENSOR,
its AFFILIATES or licensees shall have the right, during the TERM, to use any of
the BHS TRADE SYMBOLS, whether or not in relation to the SERVICES or PRODUCTS,
anywhere in the TERRITORY.

       

      (d)           For
the avoidance of doubt, LICENSEE acknowledges that all rights granted under this
AGREEMENT are subject to all rights granted under the Trademark License
Agreement dated January 1, 2005, between Hampton Products International, Corp.
and Brink’s Guarding Services, Inc.

       

      
        	
                 
      

              	
                3.

              	
                Quality
      Control

              

      

       

      (a)           The
permitted use by LICENSEE of the TRADE SYMBOLS shall be subject to instructions
of LICENSOR furnished to LICENSEE from time to time, and shall be made only in
relation to the SERVICES and PRODUCTS that conform to standards and
specifications, if any, furnished and/or approved, from time to time in writing,
by LICENSOR, such approval not to be unreasonably withheld. LICENSEE shall not
offer for sale or provide any of the SERVICES or PRODUCTS and shall assure that
no other entity that participates with LICENSEE in the provision of the SERVICES
or PRODUCTS shall offer for sale or provide any such SERVICES or PRODUCTS (i)
that are of a quality or a standard inferior to the quality or standard being
provided on the date of this AGREEMENT or (ii) that will tend to injure the
reputation and goodwill attached to the TRADE SYMBOLS.

       

      (b)           LICENSEE
shall be permitted to use any designs, materials, packages, labels, promotional
materials and advertising materials in relation to the SERVICES and PRODUCTS
that were in use, or approved by LICENSOR or Brink’s Guarding Services, Inc.,
prior to the DISTRIBUTION DATE; provided, however, that in the
event that, after the DISTRIBUTION DATE, any such design, material, package,
label, promotional material or advertising material is materially modified, or
the manner in which any of the foregoing is used is proposed to be materially
modified, LICENSEE shall obtain the written approval of LICENSOR (such approval
not to be unreasonably withheld) for such design, material, package, label,
promotional material, advertising material or such modified use thereof prior to
any use thereof.

       

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

       

      
        	
                 
      

              	
                4.

              	
                Inspection

              

      

       

      LICENSEE
shall at all times and in all places permit LICENSOR, by representatives
designated by LICENSOR, to inspect the SERVICES and PRODUCTS provided by
LICENSEE under the TRADE SYMBOLS and any marketing material used by LICENSEE in
marketing the SERVICES and PRODUCTS. At all times, LICENSEE shall comply with
the reasonable quality control procedures furnished or approved, from time to
time, by LICENSOR.

       

      
        	
                 
      

              	
                5.

              	
                Title to the TRADE
      SYMBOLS

              

      

       

      (a)           LICENSEE
recognizes LICENSOR’s rights, title and interest to the TRADE SYMBOLS and shall
not, at any time, do or suffer to be done, or assist any third party to do or
suffer to be done, any act or thing that will in any way impair the rights,
title and interest of LICENSOR in and to any of the TRADE SYMBOLS. LICENSEE
shall not acquire or attempt to acquire, or assist any third party in acquiring
or attempting to acquire, title to the TRADE SYMBOLS, and shall not claim title
or assist any third party in claiming title to the TRADE SYMBOLS. All use of the
TRADE SYMBOLS by LICENSEE, and the goodwill connected therewith and symbolized
thereby, shall at all times inure to the exclusive benefit of LICENSOR. LICENSEE
shall use the appropriate statutory symbol for a registered mark or the common
law symbol for an unregistered mark, as the case may be, with all uses of the
TRADE SYMBOLS. Neither LICENSEE nor any SUBSIDIARY of LICENSEE or sublicensee
pursuant to Section 2(b) shall register, without the express written permission
of LICENSOR, the TRADE SYMBOLS or any marks, words, symbols, phrases, designs,
trademarks, trade names, slogans, labels, copyrights, emblems, insignia,
packages, logos, internet domain names, corporate names or any other trade
identifying symbols that are confusingly similar to the TRADE SYMBOLS anywhere
in the world. LICENSEE agrees not to assert any right or interest in any of the
TRADE SYMBOLS or any marks using the word “Brink’s” or any derivation or
variation thereof except as expressly provided for by this AGREEMENT or any
subsequent agreement with LICENSOR or any authorized AFFILIATE of LICENSOR.
LICENSEE acknowledges that in the event of any breach of the terms of this
Section 5(a), LICENSOR would be irreparably and immediately harmed and
could not be made whole by monetary damages. Accordingly, it is agreed that, in
addition to any other remedy to which LICENSOR may be entitled at law or in
equity, LICENSOR shall be entitled to an injunction or injunctions (without the
posting of any bond and without proof of actual damages) to prevent breaches or
threatened breaches of the terms of this Section 5(a) and LICENSEE shall
not oppose the granting of such relief and will accept service and consent to
the jurisdiction of a court where any action prohibited by this
Section 5(a) takes place.

       

      (b)           LICENSEE
and its sublicensees pursuant to Section 2(b) shall not use, and shall not cause
or permit any third party to use, the TRADE SYMBOLS in any unlawful or deceptive
manner or in any other way that is likely to directly or indirectly tarnish,
dilute, denigrate, diminish, lessen the value of or invalidate any of the TRADE
SYMBOLS or the consumer’s perception of any of the TRADE SYMBOLS. LICENSEE shall
promptly notify LICENSOR in writing when it becomes aware of any such use in any
part of the world. Any violation of this Subsection 5(b) shall constitute a
material breach of this AGREEMENT.

       

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

      (c)           LICENSEE
further undertakes that in the event any potential infringement of the rights of
LICENSOR to any of the TRADE SYMBOLS in the TERRITORY comes to the notice of
LICENSEE prior to the termination, cancelation or expiration of this AGREEMENT,
LICENSEE shall promptly notify LICENSOR. LICENSEE shall join with LICENSOR, if
requested by LICENSOR, in taking such steps as LICENSOR deems advisable against
the potential infringement of the LICENSOR’s rights to any of the TRADE SYMBOLS.
LICENSOR shall be liable for all costs and expenses, including without
limitation attorneys’ fees, incurred at any time associated with taking such
steps in respect of the TRADE SYMBOLS, excluding the BHS TRADE SYMBOLS. LICENSEE
and LICENSOR shall equally share any costs and expenses incurred prior to
termination, cancelation or expiration of this AGREEMENT associated with taking
such steps in respect of the BHS TRADE SYMBOLS. In the event that LICENSOR
elects not to take action in respect of any of the TRADE SYMBOLS, LICENSEE may,
with LICENSOR’s written approval, and at LICENSEE’s own expense, proceed in
taking steps against the potential infringement necessary for the protection of
rights in the TRADE SYMBOLS.

       

      (d)           All
costs associated with registering, maintaining or renewing any TRADE SYMBOL
shall be borne by LICENSOR. LICENSOR shall continue to maintain registration of
any registered TRADE SYMBOL for the TERM.

       

      (e)           LICENSEE
shall, at LICENSOR’s request, execute, acknowledge and deliver to LICENSOR any
documents and/or instruments that LICENSOR may, from time to time, deem
necessary or desirable to evidence, protect, enforce or defend its rights or
title in and to the TRADE SYMBOLS.

       

      (f)           Brink’s
Home Security, Inc. hereby transfers to LICENSOR, effective upon termination,
cancelation or expiration of this AGREEMENT, all domain names (including the BHS
DOMAIN NAMES) owned by, or registered in the name of, LICENSEE or any of its
SUBSIDIARIES or other AFFILIATES that include the word “Brink’s”, or any
derivation or variation thereof, or any of the other TRADE SYMBOLS. LICENSOR and
Brink’s Home Security, Inc. shall, upon request by LICENSOR at any time after
termination, cancelation or expiration of this AGREEMENT, execute and deliver
all such documents, and take all such other actions, as are necessary or, in the
reasonable opinion of LICENSOR, advisable to effect and evidence the transfer of
such domain names (including the BHS DOMAIN NAMES) to LICENSOR pursuant to the
immediately preceding sentence. Within ten days after termination, cancelation
or expiration of this AGREEMENT, LICENSOR agrees to pay to Brink’s Home
Security, Inc. a total amount of $100 in cash in respect of such transfer.
LICENSEE further agrees not to effect any sale, transfer or other disposition of
any domain name referred to in this Section 5(f) to any PERSON other than
LICENSOR (except to an assignee of LICENSEE’s rights and obligations under this
AGREEMENT pursuant to Section 17).

       

      (g)           Upon
termination, cancelation or expiration of this AGREEMENT, LICENSEE shall, and
shall cause each SUBSIDIARY and other AFFILIATE of LICENSEE to, terminate (or,
if requested by LICENSOR, transfer to LICENSOR) all registrations in the name of
LICENSEE or such SUBSIDIARY or other AFFILIATE, as the case may be, in any
federal, state or foreign office, of any  trademarks, trade names,
logos, domain names, slogans, labels, copyrights, emblems, insignia and other
trade identifying symbols (other than domain names required to be transferred to
LICENSOR pursuant to Section 5(f)).

       

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

      (h)           Upon
termination, cancelation or expiration of this AGREEMENT, (i) LICENSEE and its
sublicensees pursuant to Section 2(b) shall immediately discontinue and shall
thereafter refrain from using the TRADE SYMBOLS, or any of them, in any way or
for any purpose whatsoever, and shall not use, at any time, any trademarks,
trade names, logos, domain names, trade names, slogans, labels, copyrights,
emblems, insignia, packages and other trade identifying symbols that are
confusingly similar to any of the TRADE SYMBOLS or that otherwise contain the
word “Brink’s” or any derivation or variation thereof and (ii) all restrictions
contained herein on the use of the TRADE SYMBOLS by LICENSOR and its AFFILIATES
and licensees shall cease to be effective; provided, however, that
(A) LICENSEE may, subject to LICENSEE’s obligations to pay royalties to
LICENSOR and otherwise comply with the terms and provisions of this AGREEMENT as
so terminated, in the regular course of business in the TERRITORY, distribute
any stock of goods used in providing the SERVICES or PRODUCTS remaining in its
hands at the termination, cancelation or expiration of this AGREEMENT, within a
period of six months after the date of termination, cancelation or expiration of
this AGREEMENT, (B) LICENSEE shall not have any obligation to (or to cause
its sublicensees pursuant to Section 2(b) to) remove any TRADE SYMBOLS from
any PRODUCTS
installed prior to the date of termination, cancelation or expiration of this
AGREEMENT in
any residence or place of business of any former or current customer of LICENSEE
or any of its SUBSIDIARIES,
whether such PRODUCTS are owned
by LICENSEE or any of its SUBSIDIARIES, by
such former or current customer or by a third party, and (C)  for a
period of two years after termination, cancelation or expiration of this
AGREEMENT, LICENSOR shall, at LICENSEE’s expense, (x) cooperate with LICENSEE to
maintain the BHS DOMAIN NAMES and use reasonable efforts to redirect internet
users that attempt to access any BHS DOMAIN NAME to the domain name adopted by
LICENSEE for its continuing business to replace such BHS DOMAIN NAME that is
provided by LICENSEE to LICENSOR in writing for this purpose and (y) provide a
link on the Brink’s website (www.brinks.com) to up
to three domain names to be adopted by LICENSEE for its continuing business that
are provided by LICENSEE to LICENSOR for this purpose, in each case pursuant to
arrangements reasonably satisfactory to LICENSOR and LICENSEE, provided that LICENSEE shall
indemnify LICENSOR in respect of any claims arising at any time, directly or
indirectly, from LICENSOR’s compliance with this clause (C) on the terms set
forth in Section 13 (treating such claims as having arisen in connection with
LICENSEE’s performance under this AGREEMENT). Notwithstanding any provision
herein to the contrary, this Subsection (g) shall survive the termination,
cancelation or expiration of this AGREEMENT.

       

      (i)           LICENSEE
shall use reasonable best efforts to amend its Articles of Incorporation and
Bylaws (including by filing all documents necessary or otherwise reasonably
requested by LICENSOR), no later than the first shareholder meeting of LICENSEE
during the calendar year 2011,  to the extent necessary to change its
corporate name to remove all references to the word “Brink’s”, or any derivation
or variation thereof, and each other TRADE SYMBOL (and any other term that is
confusingly similar to “Brink’s”). In furtherance of and without in any way
limiting the foregoing, LICENSEE shall include in the proxy statement for its
first meeting of shareholders scheduled to occur during the calendar year 2011
(unless approved at an earlier shareholder meeting of LICENSEE) a proposal to
effect such change in LICENSEE’s corporate name and recommendation that its
shareholders approve such change.

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

       

      (j)           Notwithstanding
anything in this AGREEMENT to the contrary, following the termination,
cancelation or expiration of this AGREEMENT, none of LICENSEE, any SUBSIDIARY or
other AFFILIATE of LICENSEE or any agent, subcontractor, dealer, distributor or
other representative of LICENSEE or any such SUBSIDIARY sublicensed pursuant to
Section 2(b) shall have any right to use the word “Brink’s”, or any derivation
or variation thereof, or any of the other TRADE SYMBOLS licensed hereunder as
part of its corporate name.

       

      
        	
                 
      

              	
                6.

              	
                License
      Fees

              

      

       

      (a)           LICENSEE
shall pay to LICENSOR, in consideration of the license granted to LICENSEE by
LICENSOR hereunder, a royalty of 1.25% of NET REVENUES, as hereinafter defined
(the “ROYALTY
AMOUNTS”). The ROYALTY AMOUNTS shall be payable quarterly with respect to
each fiscal quarter of LICENSEE ending after the DISTRIBUTION DATE
but on or before the last day of the first fiscal quarter of LICENSEE ending
after the termination, cancellation or expiration of this AGREEMENT.

       

      (b)           The
term NET REVENUES shall mean, in respect of any fiscal quarter of LICENSEE, the
amount reported by LICENSEE as “Revenues” for such fiscal quarter in its
financial statements filed with the SEC (or, if not so reported on or before the
date on which LICENSEE is required to render a statement of account with respect
to such fiscal quarter pursuant to Subsection 6(d), as determined in accordance
with GAAP and the requirements of the SEC applicable to quarterly reports on
Form 10-Q) less the provision for uncollectible accounts receivable for such
fiscal quarter (as set forth in such financial statements or so determined in
accordance with GAAP and such SEC requirements, as applicable). Notwithstanding
the immediately preceding sentence, (i) in respect of the period beginning on
the DISTRIBUTION DATE and ending on the last day of the first fiscal quarter of
LICENSEE ending after the DISTRIBUTION DATE, the term NET REVENUES shall mean
the NET
REVENUES (determined as provided in the first sentence of this
Subsection) for the fiscal quarter of LICENSEE during which the DISTRIBUTION DATE
occurred, multiplied by the number of days from (and including) the DISTRIBUTION
DATE to (and including) the last day of the first fiscal quarter of LICENSEE
ending after the DISTRIBUTION DATE, divided by the total number of days in such
fiscal quarter, and (ii) in respect of the first fiscal quarter of LICENSEE
ending after the termination, cancelation or expiration of this AGREEMENT, the
term NET REVENUES shall mean the NET REVENUES
(determined as provided in the first sentence of this Subsection) for the fiscal
quarter of LICENSEE during which such termination, cancellation or expiration
occurs, multiplied by the number of days in such fiscal quarter of LICENSEE
prior to such termination, cancellation or expiration, divided by the total
number of days in such fiscal quarter. Notwithstanding the foregoing, NET
REVENUES shall exclude the revenues of (i) any PERSON, or business unit or
division of any PERSON, acquired by LICENSEE or any SUBSIDIARY of LICENSEE after
the DISTRIBUTION DATE and (ii) any PERSON merged or consolidated with or into
LICENSEE or any SUBSIDIARY of LICENSEE after the DISTRIBUTION DATE solely to the
extent that, in the case of each of clauses (i) and (ii), (A) such PERSON does
not become a sublicensee of LICENSOR pursuant to Section 2(b), (B) none of the
TRADE SYMBOLS are used in connection with the sale of PRODUCTS or provision of
SERVICES by such PERSON, business unit or division and (C) the operations of
such PERSON, business unit or division after the date of such acquisition,
merger or consolidation are conducted separately from, and remain sufficiently
distinct from, the operations of LICENSEE and its SUBSIDIARIES in existence
prior to such acquisition, merger or consolidation such that it is reasonable to
conclude that the sale of PRODUCTS and provision of SERVICES by such PERSON,
business unit or division are not benefiting from the use of the TRADE SYMBOLS
by LICENSEE and its SUBSIDIARIES.

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

       

      (c)           LICENSEE
shall maintain itemized, complete and accurate books of account with respect to
its performance under this AGREEMENT.

       

      (d)           LICENSEE
shall render to LICENSOR a statement of account, certified by a financial
officer of LICENSEE, of the NET REVENUES and computations of the ROYALTY AMOUNTS
for each fiscal quarter of LICENSEE (including the first fiscal quarter of
LICENSEE ending after the termination, cancelation or expiration of this
AGREEMENT) within 40 days after the end of such fiscal quarter. The ROYALTY
AMOUNTS determined to be due to LICENSOR hereunder with respect to each fiscal
quarter (or portion of the first fiscal quarter of LICENSEE ended after the
DISTRIBUTION
DATE or portion of the first fiscal quarter of LICENSEE ending after the
termination, cancelation or expiration of this AGREEMENT) shall be paid to
LICENSOR within 45 days after the end of such fiscal quarter.

       

      (e)           In
the event of termination, cancelation or expiration of this AGREEMENT, in
addition to the ROYALTY AMOUNTS, LICENSEE shall pay to LICENSOR a royalty of
1.25% of INVENTORY REVENUES, as hereinafter defined (the “INVENTORY AMOUNTS”).
The INVENTORY AMOUNTS shall be payable monthly with respect to each month ended
after the termination, cancellation or expiration of this AGREEMENT during which
any goods are sold, pursuant to Section 5(h), by LICENSEE or its sublicenses
pursuant to Section 2(b).  For the purposes of this Subsection
(e), INVENTORY REVENUES shall mean, in respect of any month, the amount actually
invoiced by LICENSEE or its sublicensees pursuant to Section 2(b) for goods sold
during such month pursuant to Section 5(h). LICENSEE shall render to LICENSOR a
statement of account, certified by a financial officer of LICENSEE, of the
INVENTORY REVENUES and computations of the INVENTORY AMOUNTS for the first month
ending after the termination, cancellation or expiration of this AGREEMENT and
each subsequent month during which goods were so sold pursuant to Section 5(h).
The INVENTORY AMOUNTS determined to be due to LICENSOR pursuant to this
Subsection (e) in respect of any month shall be paid to LICENSOR within 30 days
after the end of such month.

       

      (f)           Notwithstanding
anything to the contrary contained herein, any payment that would otherwise be
due and payable to LICENSOR hereunder on a day that is not a BUSINESS DAY shall
not be due and payable until the first BUSINESS DAY after such day.

       

      (g)           In
the event that LICENSEE does not make any payment required under the provisions
of this AGREEMENT, including payments required after the termination,
cancelation or expiration of this AGREEMENT, to LICENSOR when due in accordance
with the terms hereof, LICENSOR shall, at its option, charge LICENSEE interest
on the unpaid amount at the rate of 2% per annum above the prime rate charged by
JPMorgan Chase Bank, N.A. (or its successor). LICENSEE shall keep complete and
accurate records of the sales of the SERVICES and PRODUCTS, including all
information relevant to the computation of the ROYALTY AMOUNTS due hereunder.
LICENSOR may review or may designate, at its expense, a recognized firm of
public accountants to review the accounts of LICENSEE to determine whether
proper accounting and payments have been made; provided, however, that if
there is an error in favor of LICENSEE in excess of 2% in computing such
accounting, all expenses in connection with such review shall be borne by
LICENSEE.

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

       

      (h)           All
payments due to LICENSOR hereunder shall be made to LICENSOR in United States
dollars at LICENSOR’s Treasurer’s office by wire transfer in immediately
available funds to an account specified by LICENSOR, or at such other place or
in such other manner as may be designated by LICENSOR in writing.

       

      (i)           Any
taxes, duties or imposts, other than income or profit taxes, assessed or imposed
upon the sums due hereunder to LICENSOR or upon or with respect to this
AGREEMENT, shall be borne and discharged by LICENSEE and no part thereof shall
be deducted from any amount payable to LICENSOR under any clause of this
AGREEMENT, said amounts to be net to LICENSOR, free of any and all deductions,
(other than for such income or profit taxes) except as otherwise provided
herein.

       

      (j)           Notwithstanding
any provision herein to the contrary, this Section 6 shall survive the
termination, cancelation or expiration of this AGREEMENT.

       

      
        	
                 
      

              	
                7.

              	
                Disclaimer of
      Warranty

              

      

       

      While
LICENSOR believes that none of the TRADE SYMBOLS licensed hereunder will
infringe any rights, trademarks or other property interests owned by any other
PERSON,
LICENSOR does not warrant that any TRADE SYMBOLS do not or will not infringe on
any rights, trademarks or other property interests in any part of the world.
LICENSOR agrees to indemnify LICENSEE and its AFFILIATES and each of their
respective officers, directors, employees, contractors, agents, dealers and
representatives against, and to hold such persons harmless from, any and all
founded and unfounded claims, suits, losses, damages, liabilities, costs and/or
expenses, including reasonable attorneys’ fees, arising out of or in connection
with any infringement by any of the TRADE SYMBOLS, excluding the BHS TRADE
SYMBOLS, on any rights, trademarks or other property interests in any part of
the world. LICENSEE and LICENSOR shall equally share the costs of all claims,
suits, losses, damages, liabilities, costs and/or expenses, including reasonable
attorneys’ fees, made, brought or incurred prior to termination, cancelation or
expiration of this AGREEMENT arising out of any infringement of any of the BHS
TRADE SYMBOLS on any rights, trademarks or other property interests in any part
of the world (such costs, the “SHARED
COSTS”), and each of LICENSOR and LICENSEE shall indemnify the other, and
its AFFILIATES and each of their respective officers, directors, employees,
contractors, agents, dealers and representatives against, and hold such persons
harmless from, the portion of any SHARED COSTS
incurred by such persons in excess of 50% of such SHARED COSTS.
LICENSEE shall promptly notify LICENSOR in writing when it becomes aware of any
claim by any third party that any of the TRADE SYMBOLS infringes any rights,
trademarks or other property interests in any part of the world.

       

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

       

       

      
        	
                 
      

              	
                8.

              	
                Term

              

      

       

      This
AGREEMENT shall commence on the DISTRIBUTION DATE
and shall continue in force for a period of three years thereafter (the “TERM”) unless earlier
terminated as provided by any applicable law or in accordance with
Section 9.

       

      
        	
                 
      

              	
                9.

              	
                Termination

              

      

       

      (a)           LICENSEE
may terminate this AGREEMENT in its entirety upon 30 days prior written notice
to LICENSOR.

       

      (b)           Either
party to this AGREEMENT shall have, in addition to any other rights and remedies
it may have, the right to terminate this AGREEMENT on ten days’ prior written
notice to the other, if the other party shall breach or default in the
performance of any material provision of this AGREEMENT; provided, however, that if it
is possible for such breach or default to be cured and the party receiving such
notice of termination shall cure such breach or default within a 30-day period
after receipt of such notice, then this AGREEMENT shall continue in full force
and effect.

       

      (c)           LICENSOR
shall have the right, notwithstanding any other provisions of this AGREEMENT,
and in addition to any other rights and remedies it may have, to terminate this
AGREEMENT forthwith and at any time if LICENSEE becomes insolvent; or if
LICENSEE files a petition in bankruptcy or insolvency; or if LICENSEE is
adjudicated bankrupt or insolvent; or if LICENSEE files any petition or answer
seeking reorganization, readjustment or arrangement of LICENSEE’s business under
any law relating to bankruptcy or insolvency; or if a receiver, trustee or
liquidator is appointed for any of the property of LICENSEE and within 60 days
thereof LICENSEE fails to secure a dismissal thereof; or if LICENSEE makes any
assignment for the benefit of creditors; or in the event of government
expropriation of a material portion of the assets of LICENSEE.

       

      (d)           If
LICENSEE shall fail to pay any financial obligation to LICENSOR incurred by it
under this AGREEMENT within
ten days after notice from LICENSOR, then LICENSOR shall have the right,
notwithstanding Subsection (b) of this Section 9 or any other provisions of this
AGREEMENT,
and in addition to any other rights and remedies it may have, to terminate this
AGREEMENT
forthwith.

       

      (e)           Notwithstanding
any other provision of this AGREEMENT, if any COMPETITOR is, or becomes, an
AFFILIATE of LICENSEE or merges or consolidates with or into LICENSEE, whether
or not such COMPETITOR is the surviving entity, then LICENSOR shall have the
right to terminate this AGREEMENT upon 180 days’ prior written notice to
LICENSEE.

       

      (f)           In
any event, no termination, cancelation or expiration of this AGREEMENT shall
prejudice the right of either party hereto to recover any payment due at the
time of termination, cancelation or expiration (or any payment accruing as a
result thereof), nor shall it prejudice any cause of action or claim of either
party hereto accrued or to accrue by reason of any breach or default by the
other party hereto.

       

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

       

       

      
        	
                 
      

              	
                10.

              	
                Confidentiality

              

      

       

      This
AGREEMENT and the information provided to each party hereunder shall be subject
to the confidentiality provisions set forth in Sections 7.07 and 7.08 of the
SEPARATION AND DISTRIBUTION AGREEMENT.

       

      
        	
                 
      

              	
                11.

              	
                Exoneration from
      Responsibility

              

      

       

      None of
LICENSOR or its AFFILIATES or any of their respective officers, directors,
employees, agents, dealers, contractors or other representatives shall have any
responsibility for the provision of the SERVICES or use or marketing of the
PRODUCTS contemplated under this AGREEMENT or for any decisions that may be made
in connection therewith.

       

      
        	
                 
      

              	
                12.

              	
                Insurance

              

      

       

      LICENSEE
agrees to maintain throughout the TERM and for at least three years after the
termination, cancelation or expiration of this AGREEMENT, at LICENSEE’s sole
cost and expense, Comprehensive General Liability insurance, including
contractual liability, product and completed operations liability on a worldwide
basis and advertising liability, including coverage for punitive damages to the
extent permitted by applicable law, applicable to the SERVICES and PRODUCTS
covering both LICENSOR and LICENSEE and each of their respective AFFILIATES for
claims made anywhere in the world in at least the following limits:

       

      Bodily
Injury and Property Damage Liability

       

      Combined
Single Limit:  U.S. $50,000,000

       

      Such
policies shall name LICENSOR as an additional named insured and contain a broad
form vendors endorsement in favour of such additional named insured. LICENSEE
shall obtain such insurance from a qualified insurance company reasonably
satisfactory to LICENSOR and having a rating from A.M. Best and Standard &
Poors reasonably satisfactory to LICENSOR. LICENSEE shall deliver to LICENSOR
(a) promptly after execution of this AGREEMENT, a copy of such insurance
policies, in effect as of the DISTRIBUTION DATE,
evidencing such coverage and (b) promptly after LICENSEE obtains any new,
renewal or replacement insurance policy required by this Section 12 at any
time after the DISTRIBUTION DATE,
a copy of such new, renewal or replacement insurance policy. All insurance
policies required by this Section 12 shall provide that such insurance
policies shall  not be canceled, non-renewed, allowed to expire or
materially changed except on 60 days’ prior written notice to LICENSOR. If
LICENSEE shall fail to maintain any insurance required by this Section 12,
LICENSOR may obtain such insurance and charge the cost thereof to LICENSEE or
may treat such failure as a breach of a material provision of this AGREEMENT.
Notwithstanding any provision in this AGREEMENT to the contrary, LICENSEE shall
not grant any sublicenses under Section 2(b) to any third party (other than a
WHOLLY OWNED SUBSIDIARY) and shall not otherwise enter into any arrangement
whereby any agent, subcontractor, dealer, distributor, representative of
LICENSEE or other PERSON shall provide SERVICES or PRODUCTS for or on behalf of
LICENSEE or a WHOLLY OWNED SUBSIDIARY unless (i) such agent, subcontractor,
dealer, distributor, representative of LICENSEE or other PERSON obtains
insurance to the same extent that LICENSEE is required to maintain insurance
pursuant to this Section 12, which insurance shall comply with all requirements
applicable to the insurance that LICENSEE is required to maintain pursuant to
this Section 12, or (ii) the insurance policies obtained by LICENSEE pursuant to
this Section 12 provide coverage (including for the benefit of LICENSOR) in
respect of the activities of such agent, subcontractor, dealer, distributor,
representative of LICENSEE or other PERSON as if such activities were being
conducted by LICENSEE.

       

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

       

       

      
        	
                 
      

              	
                13.

              	
                Indemnification

              

      

       

      LICENSEE
agrees to indemnify LICENSOR and its AFFILIATES and each of their respective
officers, directors, employees, contractors, agents, dealers and representatives
against, and to hold such persons harmless from, any and all founded and
unfounded claims, suits, damages, liabilities, losses, costs and/or expenses,
including reasonable attorneys’ fees, arising out of or in connection with
LICENSEE’s performance or failure to perform or any of its sublicensee’s
(pursuant to Section 2(b)) performance or failure to perform under this
AGREEMENT and/or for copyright infringement, patent infringement and/or unfair
competition caused by or arising out of the provision of the SERVICES and/or the
manufacture, use, marketing, advertising, distribution or sale of the PRODUCTS.
In addition, without limiting the foregoing, LICENSEE agrees to indemnify
LICENSOR and its AFFILIATES and each
of their respective officers, directors, employees, contractors, agents, dealers
and representatives against, and shall hold such persons harmless from, any and
all founded and unfounded claims, suits, damages, liabilities, losses,
consequential damages, costs and/or expenses, including attorneys’ fees, arising
out of or in connection with allegations that LICENSEE’s use or any of its
sublicensee’s (pursuant to Section 2(b)) use of the TRADE SYMBOLS constitutes
false, deceptive or misleading advertising. In addition, without limiting the
foregoing, LICENSEE agrees to indemnify LICENSOR and its AFFILIATES and each
of their respective officers, directors, employees, contractors, agents, dealers
and representatives against, and shall hold such persons harmless from, any and
all founded and unfounded claims, suits, damages, losses, consequential damages,
liabilities, costs and/or expenses, including attorneys’ fees, arising out of
the sale, advertising, use, performance and/or alleged defects of the SERVICES
or PRODUCTS.

       

      
        	
                 
      

              	
                14.

              	
                Dispute
      Resolution

              

      

       

      All
disputes, controversies, and claims directly or indirectly arising out of or in
relation to this AGREEMENT or any
schedule hereto or the validity, interpretation, construction, performance,
breach or enforceability of this AGREEMENT or any
schedule hereto shall be finally, exclusively and conclusively settled in
accordance with the provisions of Article VIII of the SEPARATION AND
DISTRIBUTION AGREEMENT, which shall apply mutatis mutandis to this
Agreement.

       

      
        	
                 
      

              	
                15.

              	
                Miscellaneous

              

      

       

      Except as
otherwise expressly set forth in this AGREEMENT, the provisions in Article XI of
the SEPARATION AND
DISTRIBUTION AGREEMENT (which Article XI addresses counterparts, entire
agreement, corporate power, governing law, assignability, third party
beneficiaries, notices, severability, force majeure, publicity, expenses,
headings, survival of covenants, waivers of default, specific performance,
amendments, interpretation, jurisdiction and service of process, currency and
late payments) other than the provisions thereof relating to assignability,
shall apply mutatis mutandis to this AGREEMENT.

       

       

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

       

       

      
        	
                 
      

              	
                16.

              	
                Independent
      Contractor

              

      

       

      (a)           LICENSEE
is an independent contractor and nothing contained in this AGREEMENT shall
constitute LICENSEE or any sublicensee pursuant to Section 2(b), the agent or
the legal representative of LICENSOR for any purpose whatsoever. LICENSEE is not
granted any right or authority to assume or create any obligation or
responsibility, express or implied, on behalf of or in the name of LICENSOR, or
to bind LICENSOR in any manner, or with respect to anything whatsoever. LICENSEE
shall have, at its sole cost and expense, the sole responsibility to comply with
all laws relating to the provision of the SERVICES and the manufacture and
marketing of the PRODUCTS.

       

      
        	
                 
      

              	
                17.

              	
                Assignment

              

      

       

      Neither
this AGREEMENT nor any of the rights, licenses and obligations of LICENSEE
hereunder shall be assigned, conveyed, sublicensed (except as otherwise provided
in Section 2) or transferred in whole or in part by LICENSEE without LICENSOR’s
prior written consent; provided, however, that
LICENSEE may assign this AGREEMENT without the consent of LICENSOR to any third
party that acquires, by any means, including by merger or consolidation, assets
of LICENSEE or its SUBSIDIARIES, including EQUITY INTERESTS in
any SUBSIDIARIES of LICENSEE, that constitute all or substantially all the
consolidated assets of LICENSEE and its SUBSIDIARIES that are used in connection
with the BHS BUSINESS (as
defined in the TRANSITION SERVICES
AGREEMENT); provided further, that if
LICENSEE effects an assignment to a COMPETITOR pursuant
to the foregoing proviso, LICENSOR shall have the right to terminate this
AGREEMENT upon 180 days’ prior written notice to LICENSEE. Notwithstanding
anything herein to the contrary, LICENSOR agrees not to effect (or allow any of
its SUBSIDIARIES to effect), or enter into (or allow any of its SUBSIDIARIES to
enter into) any agreement to effect, any sale, transfer or other disposition by
any means of assets constituting all or substantially all the consolidated
assets of LICENSOR and its SUBSIDIARIES to any PERSON (other than LICENSOR or
any of its SUBSIDIARIES) if the successor, surviving or acquiring PERSON will
not automatically succeed to the obligations of LICENSOR under this AGREEMENT by
operation of law, unless such PERSON agrees in writing, for the benefit of
LICENSEE, to assume the obligations of LICENSOR hereunder. Any purported
assignment in violation of this Section 17 shall be void and shall constitute a
material breach of this AGREEMENT. Except as expressly provided herein, this
AGREEMENT shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns and the parties entitled to indemnification
hereunder and no other PERSON shall have
any right, obligation or benefit hereunder. The rights of LICENSEE under the
licenses granted pursuant to Section 2 in respect of any TRADE SYMBOL shall
continue in full force and effect after any transfer of such TRADE SYMBOL by
LICENSOR to a third party during the TERM, and LICENSOR agrees that prior to any
transfer of any TRADE SYMBOL LICENSOR shall obtain the agreement of the
transferee in a writing addressed to LICENSEE to be bound by the licenses
granted under this AGREEMENT with respect to such TRADE SYMBOL. Further, in the
event of an assignment of this AGREEMENT by LICENSOR, to the extent LICENSOR
retains ownership of any of the TRADE SYMBOLS, the rights of LICENSEE under the
licenses granted pursuant to Section 2 in respect of such TRADE SYMBOLS
shall continue in full force and effect after such assignment.

       

       

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

       

      IN
WITNESS WHEREOF, each of the parties hereto has caused this AGREEMENT to be
executed and sealed by its duly authorized representative on the date
indicated.

       

      
        	
                BRINK’S
      NETWORK, INCORPORATED,

              
	 
	
                by

              
	 
      	 
      
	 
      	
                Name:

              
	 
      	
                Title:

              

      

      

      

      
        	
                BRINK’S
      HOME SECURITY HOLDINGS, INC.,

              
	 
	
                by

              
	 
      	 
      
	 
      	
                Name:                      

              
	 
      	
                Title:

              

      

      

      

      

      
        	
                Acknowledged
      and Agreed as to Section 5(f):

                 

              
	
                BRINK’S HOME SECURITY, INC.,

              
	 
      	 
      	 
      
	 
      	
                by

              	 
      
	 
      	 
      
	 
      	
                Name:

              
	 
      	
                Title:

              

      

       

       

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

      
 

      Schedule
A

      

      

      
        	
                I.

              	
                TRADEMARK

              	
                INTERNATIONAL
      CLASS

              	
                U.S. REG. NO./APP.
      NO.

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINK’S

              	
                35

              	
                529,622

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINK’S
      INCORPORATED

                Oval
      with Wings & Letter “B”

              	
                35

              	
                627,536

              
	 
      	 
      	 
      	 
      
	 
      	
                Oval
      with Wings & Letter “B” & Money Box

              	
                36

              	
                643,998

              
	 
      	 
      	 
      	 
      
	 
      	
                Shield
      With Wings & Letter “B”

              	
                36

              	
                754,329

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINK’S

              	
                39

              	
                1,309,375

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINKS
      + design

              	
                35,
      36, 39

              	
                1,313,790

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINKS
      + design

              	
                35

              	
                1,411,610

              
	 
      	 
      	 
      	 
      
	 
      	
                *BRINK’S
      HOME SECURITY

              	
                35

              	
                1,412,587

              
	 
      	 
      	 
      	 
      
	 
      	
                AFFORDABLE
      PROTECTION.

                A
      NAME YOU CAN TRUST.

              	
                35

              	
                1,578,050

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINKS
      + design

              	
                9

              	
                App.
      No. 76/689,349

              
	 
      	 
      	 
      	 
      
	 
      	
                A
      TRUSTED NAME IN SECURITY SINCE 1859

              	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
                SECURITY
      SINCE 1859

              	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
                DEPICTION
      OF BRINK’S TRUCK

              	 
      	 
      

      

      

      
        	
                *
      BHS TRADE SYMBOL

              

      

       

       

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

       

       

      
 

      
        	
                II.

              	
                TRADEMARK

              	
                CLASS

              	
                CANADA REG./APP.
      NO.

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINK’S

              	
                35,36,39

              	
                TMA316,696

              
	 
      	 
      	 
      	 
      
	 
      	
                BRINKS+D

              	
                35,36,37,49

              	
                TMA310,611

              
	 
      	 
      	 
      	 
      
	 
      	
                Shield
      Design and Letter “B”

              	
                35,36,39,41

              	
                TMA281,451

              
	 
      	 
      	 
      	 
      
	 
      	
                MONEY
      AND VALUABLES Wings

              	
                35,36

              	
                TMA133,222

              
	 
      	 
      	 
      	 
      
	 
      	
                *BRINK’S
      HOME SECURITY

              	
                45

              	
                TMA450,039

              
	 
      	 
      	 
      	 
      
	 
      	
                *BRINK’S
      HOME SECURITY

              	
                6,13,21

              	
                TMA506,613

              
	 
      	 
      	 
      	 
      
	 
      	
                *BRINKS
      HOME SECURITY+D

              	
                6,13,21

              	
                TMA506,657

              
	 
      	 
      	 
      	 
      
	 
      	
                *BRINKS
      HOME SECUR1TY+D

              	
                9

              	
                TMA541,336

              
	 
      	 
      	 
      	 
      

      

      

      * BHS
TRADE SYMBOL

       

       

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      
 

      

      
        	
                III.

              	
                TRADE NAME

              
	 
      	 
      
	 
      	
                Brink’s
      Business Security

              
	 
      	 
      
	 
      	
                Brink’s
      Home Technologies

              

      

      

       

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

      
 

              

       

       

       

       

      
        BRINK’S

      

       

       

       

       18

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