SEC Contract Filing

Filing Date: 2020-04-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>d883886dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin: 0">&nbsp;</P> <CENTER><DIV style="WIDTH: 8.5in" align=left> <P STYLE="margin: 0; text-align: right"><B>Exhibit
10.2</B></P> <P STYLE="margin: 0; text-align: right">&nbsp;</P> <P STYLE="margin: 0">&nbsp;</P> <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT
STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>INTELLECTUAL PROPERTY SECURITY AGREEMENT</U></FONT></P> <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT
STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INTELLECTUAL PROPERTY SECURITY AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;), dated as
of April 16, 2020, by and among Burlington Coat Factory Warehouse Corporation, a Florida corporation (the &ldquo;<U>Company</U>&rdquo;), the entities listed on <U>Schedule I</U> hereto and each of the other entities that may become a party hereto as
provided herein (each of the foregoing, together with the Company, a &ldquo;<U>Grantor</U>&rdquo; and collectively, the &ldquo;<U>Grantors</U>&rdquo;), and Wilmington Trust, National Association, in its capacity as collateral agent for the Secured
Parties (in such capacity and together with any successors in such capacity, the &ldquo;<U>Collateral Agent</U>&rdquo;), in consideration of the mutual covenants contained herein and benefits to be derived herefrom.</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>W</U>&nbsp;<U>I</U>&nbsp;<U>T</U>&nbsp;<U>N</U>&nbsp;<U>E</U>&nbsp;<U>S</U>&nbsp;
<U>S</U>&nbsp;<U>E</U>&nbsp;<U>T</U>&nbsp;<U>H</U>:</FONT></P> <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS, reference is made to that certain Indenture, dated as of April 16, 2020 (as
amended, modified, supplemented or restated and in effect from time to time, the &ldquo;<U>Indenture</U>&rdquo;, which term shall also include and refer to any additional issuance of notes under the Indenture), by and between the Company, each
Guarantor, Wilmington Trust, National Association, in its capacity as trustee (together with its successors in such capacity, the &ldquo;<U>Trustee</U>&rdquo;) and the Collateral Agent for its own benefit and the benefit of the other Secured
Parties, pursuant to which the Company is issuing $300,000,000 aggregate principal amount of its 6.250% Senior Secured Notes due 2025 (together with any additional notes issued under the Indenture, the &ldquo;<U>Senior Secured Notes</U>&rdquo;);
and</FONT></P> <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS, reference is also made to the Security Agreement dated as of even date herewith
(as amended, modified, supplemented or restated and in effect from time to time, the &ldquo;<U>Security Agreement</U>&rdquo;), by, among others, the Grantors and the Collateral Agent for the Secured Parties, pursuant to which the Grantors and the
other Grantors named therein have granted a security interest in the Collateral (as defined in the Security Agreement) to secure the Secured Obligations (as defined in the Security Agreement); and</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS, from time to time after the date hereof, the Company may, subject to the terms
and conditions of the Indenture and the Collateral Documents, incur Additional Pari Passu Obligations that the Company desires to secure by the Collateral (including the IP Collateral (as defined below)) on a pari passu basis with the Senior Secured
Notes as further provided in the Security Agreement; and</FONT></P> <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS, this Agreement is made by the Grantors in favor of the Collateral Agent for the
benefit of the Secured Parties to secure the payment and performance in full when due of the Secured Obligations.</FONT></P> <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT
STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW