EX-10.13 30 y27246exv10w13.htm EX-10.13: TRADEMARK SECURITY AGREEMENT EX-10.13
 

Exhibit 10.13

EXECUTION COPY
     TRADEMARK SECURITY AGREEMENT dated as of November 1, 2006 (this “Agreement”), among Buffets Holdings, Inc. (“Holdings”), Buffets, Inc. (the “Borrower”), the subsidiaries of the Borrower listed on Schedule I hereto (the “Subsidiary Parties”) and Credit Suisse, as Collateral Agent (in such capacity, the “Collateral Agent”).
          Reference is made to (a) the Guarantee and Collateral Agreement dated as of November 1, 2006 (as amended, supplemented or otherwise modified from time to time, the “Security Agreement”), among Holdings, the Borrower, the subsidiaries of the Borrower from time to time party thereto and the Collateral Agent and (b) the Credit Agreement dated as of November 1, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Holdings, the Borrower, the Lenders party thereto and Credit Suisse, as administrative agent and collateral agent. The Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. Holdings and the Subsidiary Parties are affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. Accordingly, the parties hereto agree as follows:
          SECTION 1. Terms. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Security Agreement. The rules of construction specified in Section 1.01(b) of the Security Agreement also apply to this Agreement.
          SECTION 2. Grant of Security Interest. As security for the payment or performance, as the case may be, in full of the Obligations, each Grantor, pursuant to the Security Agreement, did and hereby does grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”):
    (a) all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof, and all extensions or renewals thereof, including those listed on Schedule II (the “Trademarks”);

 

 

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     (b) all goodwill associated with or symbolized by the Trademarks; and
     (c) all assets, rights and interests that uniquely reflect or embody the Trademarks; provided that the grant of the security interest hereunder shall not include any application for a Trademark that would be deemed invalidated, canceled or abandoned due to the grant and/or enforcement of such security interest unless and until such time that the grant and/or enforcement of the security interest will not affect the status or validity of such Trademark;
          SECTION 3. Security Agreement. The security interests granted to the Collateral Agent herein are granted in furtherance, and not in limitation of, the security interests granted to the Collateral Agent pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the Trademark Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Security Agreement, the terms of the Security Agreement shall govern.
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          IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.
             
    BUFFETS, INC.,
 
            
 
  by:  /s/ R. Michael Andrews, Jr.    
 
 
 
    
 
  Name:   R. Michael Andrews, Jr.    
 
  Title:   Chief Executive Officer    
 
            
    BUFFETS HOLDINGS, INC.,    
 
            
 
  by:  /s/ R. Michael Andrews, Jr.    
 
 
 
    
 
      Name: R. Michael Andrews, Jr.    
 
      Title: Chief Executive Officer    
 
            
    HOMETOWN BUFFET, INC.,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Secretary    
 
            
    OCB PURCHASING CO.,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Secretary    
 
            
    OCB RESTAURANT COMPANY, LLC,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Manager/Secretary    
 
            
    BUFFETS LEASING COMPANY, LLC,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Manager/Secretary    

 

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    RYAN’S RESTAURANT GROUP, INC.,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Secretary    
 
            
    HOMETOWN LEASING COMPANY, LLC,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Manager/Secretary    
 
            
    OCB LEASING COMPANY, LLC,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Manager/Secretary    
 
            
    FIRE MOUNTAIN RESTAURANTS, LLC,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Manager/Secretary    
 
            
    BIG R PROCUREMENT COMPANY, LLC,    
 
            
 
  by:  /s/ H. Thomas Mitchell    
 
 
 
    
 
  Name:   H. Thomas Mitchell    
 
  Title:   Manager/Secretary    
 
            
    TAHOE JOE’S, INC.,    
 
            
 
  by:  /s/ R. Michael Andrews, Jr.    
 
 
 
    
 
  Name:   R. Michael Andrews, Jr.    
 
  Title:   Chief Executive Officer    
 
            
    TAHOE JOE’S LEASING COMPANY, LLC,    
 
            
 
  by:  /s/ R. Michael Andrews, Jr.    
 
 
 
    
 
  Name:   R. Michael Andrews, Jr.    
 
  Title:   Chief Manager    

 

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    CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Collateral Agent,    
 
            
 
  by:  /s/ Robert Hetu    
 
 
 
    
 
  Name:   Robert Hetu    
 
  Title:   Managing Director    
 
 
  by:  /s/ Denise L. Alvarez    
 
 
 
    
 
  Name:   Denise L. Alvarez    
 
  Title:   Associate    

 

Schedule I
Subsidiary Parties
1. HomeTown Buffet, Inc.
2. OCB Purchasing Co.
3. OCB Restaurant Company, LLC
4. Buffets Leasing Company, LLC
5. Ryan’s Restaurant Group, Inc.
6. HomeTown Leasing Company, LLC
7. OCB Leasing Company, LLC
8. Fire Mountain Restaurants, LLC.
9. Big R Procurement Company, LLC
10. Tahoe Joe’s, Inc.
11. Tahoe Joe’s Leasing Company, LLC

 

 

Schedule II
Trademarks
Trademarks Registered to Buffets, Inc.
                     
    Application       Registration   Registration
Mark   Number   File Date   Number   Date
OLD COUNTRY BUFFET
  73/489350   7/11/84     1343558     6/18/85
OLD COUNTRY BUFFET &
Design
  73/592818   4/11/86     1423419     12/30/86
SALADBRATION! (Stylized)
  73/741752   7/11/88     1529087     3/7/89
OLD COUNTRY BUFFET
(Stylized)
  74/574462   9/16/94     2048119     3/25/97
OLD COUNTRY BUFFET and Design (Diamond)
  74/574504   9/16/94     2051196     4/8/97
OLD COUNTRY BUFFET and Design (W/ Rectangle)
  74/574759   9/16/94     2051197     4/8/97
OLD COUNTRY BUFFET and Design (Stack w/ Diamond)
  75/091977   4/12/96     2149716     4/7/98
HOMETOWN BUFFET
  76/241460   4/16/01     2617451     9/10/2002
HOMETOWN BUFFET
  78/442222
Suspended 		  6/28/2004            
HOMETOWN BUFFET (Plate)
  78/442218
Suspended 		  6/28/2004            
HOMETOWN BUFFET (Plate and Fork)
  78/159153   8/29/2002     2861377     7/6/2004
WHAT’S ON YOUR PLATE?
  75/481414   5/7/98     2315605     2/8/00
COUNTRY ROADHOUSE
BUFFET & GRILL
  75/471143   4/21/98     2322380     2/22/00
DESSERT CENTRAL
  75/682653   4/14/99     2411371     12/5/00
SOUP‘NSALAD UNLIMITED
  75/817832   10/7/99     2420299     1/9/01
SPOON TENDER
  76/047450   6/12/00            
COUNTRY BUFFET
  78/433864   6/11/2004     2987516     8/23/2005
HOMESTYLE. YOUR STYLE.
  78/452905   7/19/2004     2997774     6/23/1992
HOMETOWN
  78/442232
Suspended 		  6/28/2004            
PLATE/ FORK DESIGN
  78/159170   8/29/2002     2890167     9/28/2004
Trademarks Registered to HomeTown Buffet, Inc.
                     
    Application       Registration   Registration
Mark   Number   File Date   Number   Date
HOMETOWN
  74/179018   6/24/91     1696669     6/23/92
GRANNY’S BUFFET &
Design
  75/128614   6/17/96     2123023     12/23/97

 

 

Trademarks Registered to Ryan’s Restaurant Group, Inc.
                                 
    Application           Registration   Registration
Mark   Number   File Date   Number   Date
RYAN’S FAMILY STEAKHOUSE
     73/181030       8/4/1978       1149189       3/24/1981  
RYAN’S FAMILY STEAKHOUSE Design
     73/656667       4/22/1987       1467753       12/1/1987  
“R” Design
     73/181065       8/4/1978       1182501       12/15/1981  
MEGA BAR
     73/615869       8/21/1986       1458801       9/22/1987  
RYAN’S and Design
     74/106749       10/15/1990       1707396       8/11/1992  
SENSIBLE CHOICES
     75/024935       11/28/1995       2204197       11/17/1998  
FIRE MOUNTAIN
     76/101888       8/2/2000       2580030       6/11/2002  
FIRE MOUNTAIN HOT OFF THE GRILL! and Design
     77/001548       9/18/2006                  
FIRE MOUNTAIN
     77/001526       9/18/2006                  
RYAN’S Stylized
     242659       9/6/1995     601541 (Mexico)     2/25/1999  
RYAN’S FAMILY STEAKHOUSE Stylized
     242658       9/6/1995     536059(Mexico)     11/18/1996  
Trademarks Registered to Tahoe Joe’s, Inc.
                     
    Application       Registration   Registration
Mark   Number   File Date   Number   Date
JOE’S STEAK
  78/923475   7/6/2006            
NEVADA CHEESECAKE
  78/923545   7/6/2006            
RAILROAD CAMP SHRIMP
  78/923463   7/6/2006            
TAHOE JOE’S & Design
  75/197501   11/13/1996     2114109     11/18/1997
TAHOE JOE’S
  78/506762   10/27/2004     3040908     1/10/2006
TAHOE JOE’S FAMOUS
STEAKHOUSE & Design
  78/507006   10/27/2004     3045530     1/17/2006

 

 

TRADEMARK LICENSES
1.   Trademark License Agreement, dated as of August 1, 2006, between OCB Restaurant Company, LLC and North’s Restaurants, Inc.