Attached files

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10-K - FORM 10-K - ARCTIC CAT INCd140301d10k.htm
EX-32.2 - EX-32.2 - ARCTIC CAT INCd140301dex322.htm
EX-32.1 - EX-32.1 - ARCTIC CAT INCd140301dex321.htm
EX-31.2 - EX-31.2 - ARCTIC CAT INCd140301dex312.htm
EX-31.1 - EX-31.1 - ARCTIC CAT INCd140301dex311.htm
EX-23.1 - EX-23.1 - ARCTIC CAT INCd140301dex231.htm
EX-21.1 - EX-21.1 - ARCTIC CAT INCd140301dex211.htm
EX-10.42 - EX-10.42 - ARCTIC CAT INCd140301dex1042.htm
EX-10.41 - EX-10.41 - ARCTIC CAT INCd140301dex1041.htm
EX-10.40 - EX-10.40 - ARCTIC CAT INCd140301dex1040.htm
EX-10.39 - EX-10.39 - ARCTIC CAT INCd140301dex1039.htm
EX-10.38 - EX-10.38 - ARCTIC CAT INCd140301dex1038.htm
EX-10.36 - EX-10.36 - ARCTIC CAT INCd140301dex1036.htm

Exhibit 10.37

JOINDER, CONSENT, WAIVER, AND SECOND AMENDMENT TO THE AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

This JOINDER, CONSENT, WAIVER, AND SECOND AMENDMENT TO THE AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of May 12, 2015, and is entered into by and among ARCTIC CAT INC., a Minnesota corporation (“Arctic Cat”), and the Subsidiaries of Arctic Cat identified on the signature pages hereto, as borrowers (collectively, the “Original Borrowers”), MOTORFIST, LLC, a Minnesota limited liability company (“MotorFist” and, together with the Original Borrowers, the “Borrowers” and each a “Borrower”), the financial institutions party to this Amendment from time to time as lenders (collectively, “Lenders”), and BANK OF AMERICA, N.A., a national banking association, as agent for the Lenders (“Agent”).

WHEREAS, the Original Borrowers, the Agent, and the Lenders have entered into that certain Amended and Restated Loan and Security Agreement dated as of November 8, 2013 (as amended, restated, or otherwise modified from time to time, the “Loan Agreement”), and certain of the Original Borrowers and the Agent have entered into that certain Pledge Agreement dated as of November 10, 2009 (as amended, restated, or otherwise modified from time to time, the “Pledge Agreement”);

WHEREAS, on February 18, 2015, MotorFist, LLC, a Minnesota limited liability company (“MotorFist”), was formed as a wholly-owned Subsidiary of Arctic Cat Sales Inc., a Minnesota corporation;

WHEREAS, the Borrowers have requested that the Agent and the Lenders agree (a) to consent to (i) the formation of MotorFist and (ii) the purchase of certain of the assets of MotorFist, LLC, an Idaho limited liability company (“Seller”), pursuant to that certain Asset Purchase Agreement dated as of February 25, 2015 (the “MotorFist Asset Purchase Agreement”) by and among the Seller, MotorFist, Brad A. Ball, and Arctic Cat Sales Inc., a Minnesota corporation (that transaction, the “MotorFist Acquisition”), (b) to waive the Existing Defaults, as defined below, and (c) to make certain amendments to the Loan Agreement in connection with the MotorFist Acquisition; and

WHEREAS, MotorFist is willing to join the Loan Agreement as a Borrower pursuant to Section 10.1.9 of the Loan Agreement and has requested and the Agent has agreed to join MotorFist as a Borrower to the Loan Agreement;

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in the Loan Agreement and this Amendment, and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

ARTICLE I

DEFINITIONS

Initially capitalized terms used but not otherwise defined in this Amendment have the respective meanings set forth in the Loan Agreement, as amended hereby.

 

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ARTICLE II

CONSENT, WAIVER, AND AMENDMENTS TO LOAN AGREEMENT

2.01 Limited Consent.

(a) The Borrowers have advised Agent and Lenders that MotorFist was formed as a wholly-owned Subsidiary of Arctic Cat Sales Inc., a Minnesota corporation, and the Borrowers have consummated the MotorFist Acquisition pursuant to the terms and conditions of the MotorFist Asset Purchase Agreement. The Borrowers hereby acknowledge that, absent the consent set forth in this Section 2.01, an Event of Default would occur under Section 11.1(c) of the Loan Agreement as a result of the MotorFist Acquisition, because (i) the MotorFist Acquisition is not permitted pursuant to Section 10.2.4 of the Loan Agreement, as the Borrowers’ Fixed Charge Coverage Ratio (calculated on a trailing twelve-month basis) was not at least 1.10:1.00 prior to and immediately after giving effect to the MotorFist Acquisition (the “FCCR Requirement”), and (ii) as a result of the failure to comply with the FCCR Requirement, the formation of MotorFist is not permitted pursuant to Section 10.2.9 of the Loan Agreement. The Borrowers hereby request that Agent and the Lenders consent to the formation of MotorFist and the MotorFist Acquisition.

(b) Subject to the terms, conditions, and other restrictions set forth in this Amendment, each of the Agent and the Lenders hereby consents to the formation of MotorFist and the MotorFist Acquisition in accordance with the MotorFist Asset Purchase Agreement, so long as the MotorFist Acquisition would have been, if the FCCR Requirement were met, permitted pursuant to the Loan Agreement.

(c) The consent set forth in this Section 2.01 does not affect the continued legality, validity, and binding effect of the Loan Agreement or the other Loan Documents. The Loan Agreement and the other Loan Documents continue to be fully enforceable in each case, except as expressly provided in this Amendment. The consents set forth in this Section 2.01 are specifically limited in time and scope to the formation of MotorFist and the MotorFist Acquisition as described in this Amendment and do not extend or apply to any other event, occurrence or circumstances in existence as of the date of this Amendment or arising after the date of this Amendment. In addition, the consent set forth in this Section 2.01 does not constitute or establish (and is not to be deemed to constitute or establish) a custom or a practice on the part of Agent or any Lender and does not prejudice any right of Agent or any Lender in respect of any other proposed Subsidiary formation or Restricted Investment.

2.02 Limited Waiver.

(a) The Borrowers have advised Agent and Lenders that Arctic Cat (i) has abandoned the Patent Collateral (as defined in that certain Patent Security Agreement dated as of November 10, 2009, by and between Arctic Cat and Agent, as amended, restated, supplemented or otherwise modified, the “Patent Agreement”) described in Section 2(c)(ii) of that certain Fourth Amendment to Patent Security Agreement dated as of even date herewith, by and among Arctic Cat, Agent, and Required Lenders (the “Patent Amendment”), without obtaining the prior written consent of the Agent; (ii) has obtained rights to the Patent Collateral described in Section 2(c)(i) of the Patent Amendment without giving Agent prompt written notice thereof; and (iii) has abandoned its Tigershark trademarks having the registration numbers of 1742252 and 1851415 without obtaining the prior written consent of the Agent (collectively, the “Noncompliance”). Borrowers acknowledge that, as a result of the above-mentioned actions and failures to act, Events of Default exist under Section 11.1(c) of the Loan Agreement (collectively, the “Existing Defaults”).

 

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(b) The Agent and the Lenders hereby waive the Noncompliance and the Existing Defaults (such waivers, collectively, the “Waiver”). Such Waiver is conditioned upon the terms and conditions set forth herein, shall be limited precisely as described herein and shall relate solely to the Noncompliance and the Existing Defaults described herein. Nothing in this Amendment shall be construed to (i) constitute a waiver of compliance or default by the Borrowers with respect to the Loan Documents in any other instance or any other instrument or agreement referred to in the Loan Documents; or (ii) prejudice any right or remedy that the Agent or any Lender may now have or may have in the future under or in connection with any Loan Document or any other instrument or agreement referred to therein.

2.03 Amendment to Loan Agreement. The definition of “Eligible Account” set forth in Section 1.1 of the Loan Agreement is hereby amended by inserting the following sentence immediately after the last sentence thereof:

“Without limiting the generality of the foregoing, no Accounts owing to MotorFist, LLC, a Minnesota limited liability company, are Eligible Accounts.”

2.04 Amendment to Loan Agreement Schedules. Schedules 1.1(A), 2.3, 8.5, 8.6.1, 9.1.4, 9.1.10, 9.1.11, 9.1.14, 9.1.15, 9.1.16(a), 9.1.16(b), 9.1.18, 9.1.20, 10.2.1, 10.2.2 and 10.2.16 to the Loan Agreement are hereby amended and restated in their entirety to read as set forth on Exhibit A attached hereto.

ARTICLE III

JOINDER AGREEMENT

3.01 Loan and Security Agreement. MotorFist agrees to, and does hereby, become a “Borrower” under the Loan Agreement and is bound by the Loan Agreement and each of the other Loan Documents with the same force and effect as if it were an original party thereto. Each party hereto hereby acknowledges and agrees that each reference in the Loan Agreement and each other Loan Document to a “Borrower” shall also mean and be a reference to MotorFist.

3.02 Guaranty. Without limiting the generality of the foregoing, subject to and in accordance with the terms and conditions of Section 5.10 of the Loan Agreement, MotorFist hereby agrees that it is jointly and severally liable and absolutely and unconditionally guarantees to Agent and Lenders the prompt payment and performance of, all Obligations and all agreements under the Loan Documents.

3.03 Security Interests. Without limiting the generality of the foregoing, MotorFist hereby grants to the Agent, for the benefit of the Secured Parties, a continuing security interest in, lien on, assignment of and right of setoff against, all Collateral of MotorFist, whether now owned or hereafter acquired or arising, regardless of where located to secure the Obligations (as defined in the Loan Agreement).

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

Each Obligor hereby represents and warrants to each Lender and the Agent, as of the Second Amendment Effective Date (as such term is defined in Section 5.01 below), as follows:

 

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4.01 Representations and Warranties. After giving effect to this Amendment, the representations and warranties set forth in Section 9 of the Loan Agreement and in each other Loan Document are true and correct in all material respects on and as of the date hereof and on and as of the Second Amendment Effective Date with the same effect as if made on and as of the date hereof or the Second Amendment Effective Date, as the case may be, except to the extent such representations and warranties expressly relate solely to an earlier date.

4.02 No Defaults. Each of the Obligors is in compliance with all terms and conditions of the Loan Agreement and the other Loan Documents on its part to be observed and performed and no Default or Event of Default has occurred and is continuing.

4.03 Authority and Pending Actions. The execution, delivery, and performance by each Obligor of this Amendment has been duly authorized by each such Obligor (as applicable) and there is no action pending or any judgment, order, or decree in effect which is likely to restrain, prevent, or impose materially adverse conditions upon the performance by any Obligor of its obligations under the Loan Agreement or the other Loan Documents.

4.04 Enforceability. This Amendment constitutes the legal, valid, and binding obligation of each Obligor, enforceable against each such Obligor in accordance with its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization, or other similar laws affecting the enforcement of creditors’ rights or by the effect of general equitable principles.

4.05 Breach; Conflicts. The execution, delivery, and performance by each Obligor of this Amendment do not and will not conflict with, or constitute a violation or breach of, or result in the imposition of any Lien upon the property of such Obligor, by reason of the terms of (i) any contract, mortgage, lease, agreement, indenture, or instrument to which such Obligor is a party or which is binding upon it, (ii) any Applicable Law with respect to such Obligor, or (iii) the certificate or articles of incorporation or by-laws or the limited liability company or limited partnership agreement of such Obligor.

ARTICLE V

CONDITIONS PRECEDENT AND FURTHER ACTIONS

5.01 Conditions Precedent. The amendments contained in Article II and the joinder contained in Article III shall not be effective or binding upon the Agent or the Lenders until each of the following conditions precedent has been satisfied in form and substance satisfactory to the Agent (the first date upon which each such condition has been satisfied being herein called the “Second Amendment Effective Date”):

(a) The representations and warranties contained herein and in the Loan Agreement, as amended hereby, shall be true and correct in all material respects as of the date hereof, as if made on such date, except for such representations and warranties limited by their terms to a specific date;

(b) Agent shall have received duly executed counterparts of (i) this Amendment, which, when taken together, bear the authorized signatures of the Borrowers, the Agent, and the Lenders, (ii) an amended and restated revolver note payable to order of JPMorgan Chase Bank, N.A., which, when taken together, bear the authorized signatures of the Borrowers, (iii) a third amended and restated revolver note payable to the order of Bank of America, N.A., which, when taken together, bear the authorized signatures of the Borrowers, (iv) an amendment to the Pledge Agreement, which, when taken together, bear the authorized signatures of Arctic Cat, Arctic Cat Sales Inc., and the Agent, (v) the Patent

 

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Amendment, which, when taken together, bear the authorized signatures of Arctic Cat, Agent, and the Required Lenders, and (vi) a Trademark Security Agreement, which, when taken together, bear the authorized signatures of Motorfist and Agent;

(c) Agent shall have received acknowledgments of all filings or recordations necessary to perfect its Liens in the Collateral of MotorFist, as well as UCC and Lien searches and other evidence satisfactory to Agent that such Liens are the only Liens upon the Collateral of MotorFist, except Permitted Liens;

(d) Agent shall have received a certificate of a duly authorized officer of MotorFist certifying, after giving effect to this Amendment, (i) that attached copies of MotorFist’s Organic Documents are true and complete, and in full force and effect, without amendment except as shown; (ii) that an attached copy of resolutions authorizing execution and delivery of this Amendment is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and constitute all resolutions adopted with respect to this credit facility; and (iii) to the title, name and signature of each Person authorized to sign the Loan Documents. Agent may conclusively rely on this certificate until it is otherwise notified by MotorFist in writing;

(e) Agent shall have received the certificates, if any, representing Equity Interests of MotorFist, and an undated stock power (or appropriate transfer document) for each such certificate executed in blank by a duly authorized officer of Arctic Cat;

(f) Agent shall have received copies of the charter documents of MotorFist, certified by the Secretary of State or other appropriate official of MotorFist’s jurisdiction of organization. Agent shall have received good standing certificates for MotorFist, issued by the Secretary of State or other appropriate official of MotorFist’s jurisdiction of organization and each jurisdiction where MotorFist’s conduct of business or ownership of Property necessitates qualification;

(g) The Obligors shall have paid to the Agent all fees, costs, and expenses owed to and/or incurred by the Agent and the Lenders in connection with this Amendment;

(h) Agent shall have received such other documents, legal opinions, instruments, and certificates relating to this Amendment as it shall reasonably request and such other documents, legal opinions, instruments, and certificates that shall be satisfactory in form and substance to the Agent and the Lenders. All corporate proceedings taken or to be taken in connection with this Amendment and documents incidental thereto whether or not referred to herein shall be reasonably satisfactory in form and substance to the Agent and the Lenders; and

(i) All proceedings taken in connection with the transactions contemplated by this Amendment and all documentation and other legal matters incident thereto shall be satisfactory to the Agent in its sole and absolute discretion.

5.02 Further Actions. Each of the parties to this Amendment agrees that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Amendment.

 

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ARTICLE VI

COSTS AND EXPENSES

Without limiting the terms and conditions of the Loan Documents, the Obligors jointly and severally agree to pay on demand: (i) all reasonable costs and expenses incurred by the Agent in connection with the preparation, negotiation, and execution of this Amendment and the other Loan Documents executed pursuant to this Amendment and any and all subsequent amendments, modifications, and supplements to this Amendment, including without limitation, the reasonable costs and fees of the Agent’s legal counsel; and (ii) all reasonable costs and expenses reasonably incurred by the Agent in connection with the enforcement or preservation of any rights under the Loan Agreement, this Amendment, and/or the other Loan Documents, including without limitation, the reasonable costs and fees of the Agent’s legal counsel.

ARTICLE VII

MISCELLANEOUS

7.01 Cross-References. References in this Amendment to any Section are, unless otherwise specified, to such Section of this Amendment.

7.02 Instrument Pursuant to Loan Agreement. This Amendment is a Loan Document executed pursuant to the Loan Agreement and shall (unless otherwise expressly indicated herein) be construed, administered, and applied in accordance with the terms and provisions of the Loan Agreement.

7.03 Acknowledgment of the Obligors. Each Obligor hereby represents and warrants that the execution and delivery of this Amendment and compliance by such Obligor with all of the provisions of this Amendment: (i) are within the powers and purposes of such Obligor; (ii) have been duly authorized or approved by the board of directors (or other appropriate governing body) of such Obligor; and (iii) when executed and delivered by or on behalf of such Obligor will constitute valid and binding obligations of such Obligor, enforceable in accordance with its terms. Each Obligor reaffirms its obligations to perform and pay all amounts due to the Agent or the Lenders under the Loan Documents (including, without limitation, its obligations under any promissory note evidencing any of the Loans) in accordance with the terms thereof, as amended and modified hereby.

7.04 Loan Documents Unmodified. Each of the amendments provided herein shall apply and be effective only with respect to the provisions of the Loan Document specifically referred to by such amendments. Except as otherwise specifically modified by this Amendment, all terms and provisions of the Loan Agreement and all other Loan Documents, as modified hereby, shall remain in full force and effect and are hereby ratified and confirmed in all respects. Nothing contained in this Amendment shall in any way impair the validity or enforceability of the Loan Documents, as modified hereby, or alter, waive, annul, vary, affect, or impair any provisions, conditions, or covenants contained therein or any rights, powers, or remedies granted therein, except as otherwise specifically provided in this Amendment. Subject to the terms of this Amendment, any lien and/or security interest granted to the Agent, for the benefit of the Lenders, in the Collateral set forth in the Loan Documents shall remain unchanged and in full force and effect and the Loan Agreement and the other Loan Documents shall continue to secure the payment and performance of all of the Obligations.

7.05 Parties, Successors and Assigns. This Amendment represents the agreement of the Borrowers, the Agent and each of the Lenders signatory hereto with respect to the subject matter hereof, and there are no promises, undertakings, representations, or warranties relative to the subject matter

 

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hereof not expressly set forth or referred to herein or in the other Loan Documents. This Amendment shall be binding upon and inure to the benefit of Borrowers, Agent, Lenders, and their respective successors and assigns, except that (i) no Borrower shall have the right to assign its rights or delegate its obligations under any Loan Documents; and (ii) any assignment by a Lender must be made in compliance with Section 13.3 of the Loan Agreement.

7.06 Counterparts. This Amendment may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment shall become effective when all conditions precedent have been met and when the Agent has executed it and received counterparts bearing the signatures of all other parties hereto. Delivery of a signature page of this Amendment by telecopy shall be effective as delivery of a manually executed counterpart of such agreement. This Amendment may be executed and delivered by facsimile or electronic mail, and will have the same force and effect as manually signed originals. Any electronic signature, contract formation on an electronic platform and electronic record-keeping shall have the same legal validity and enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any similar state law based on the Uniform Electronic Transactions Act.

7.07 Headings. The headings, captions, and arrangements used in this Amendment are for convenience only, are not a part of this Amendment, and shall not affect the interpretation hereof.

7.08 Waivers. To the fullest extent permitted by Applicable Law, each Borrower waives (a) the right to trial by jury (which the Agent and each Lender hereby also waives) in any proceeding or dispute of any kind relating in any way to any Loan Documents (including this Amendment), Obligations, or Collateral; (b) presentment, demand, protest, notice of presentment, default, non-payment, maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, documents, instruments, chattel paper, and guaranties at any time held by the Agent on which a Borrower may in any way be liable, and hereby ratifies anything the Agent may do in this regard; (c) notice prior to taking possession or control of any Collateral; (d) any bond or security that might be required by a court prior to allowing the Agent to exercise any rights or remedies; (e) the benefit of all valuation, appraisement and exemption laws; (f) any claim against the Agent, Issuing Bank or any Lender, on any theory of liability, for special, indirect, consequential, exemplary, or punitive damages (as opposed to direct or actual damages) in any way relating to any Enforcement Action, Obligations, Loan Documents or transactions relating thereto; and (g) notice of acceptance hereof. Each Borrower acknowledges that the foregoing waivers are a material inducement to the Agent, Issuing Bank and Lenders entering into this Amendment and that the Agent, Issuing Bank and Lenders are relying upon the foregoing in their dealings with the Borrowers. Each Borrower has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights following consultation with legal counsel. In the event of litigation, this Amendment may be filed as a written consent to a trial by the court.

7.09 Choice of Law; Jury Trial Waiver; Submission to Jurisdiction. THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF ILLINOIS, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS). EACH BORROWER HEREBY CONSENTS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH JURISDICTION OVER THE STATE OF ILLINOIS, IN ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING RELATING IN ANY WAY TO ANY LOAN DOCUMENTS, AND AGREES THAT ANY DISPUTE, ACTION, LITIGATION OR

 

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OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING ANY SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 14.3.1 OF THE LOAN AGREEMENT. A final judgment in any proceeding of any such court shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or any other manner provided by Applicable Law. Nothing herein shall limit the right of the Agent or any Lender to bring proceedings against any Obligor in any other court, nor limit the right of any party to serve process in any other manner permitted by Applicable Law. Nothing in this Amendment shall be deemed to preclude enforcement by the Agent of any judgment or order obtained in any forum or jurisdiction.

7.10 Severability. Wherever possible, each provision of the Loan Documents shall be interpreted in such manner as to be valid under Applicable Law. If any provision is found to be invalid under Applicable Law, it shall be ineffective only to the extent of such invalidity and the remaining provisions of the Loan Documents shall remain in full force and effect.

7.11 Total Agreement. This Amendment, the Loan Agreement, and all other Loan Documents constitute the entire agreement, and supersede all prior understandings and agreements among the parties relating to the subject matter hereof.

7.12 Release. IN CONSIDERATION OF THIS AMENDMENT, EACH OBLIGOR REPRESENTS AND WARRANTS THAT AS OF THE DATE HEREOF THERE ARE NO KNOWN CLAIMS, OFFSETS, DEFENSES OR COUNTERCLAIMS TO ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS, AND HEREBY WAIVES ANY AND ALL CLAIMS, OFFSETS, DEFENSES OR COUNTERCLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE DATE OF ITS EXECUTION OF THIS AMENDMENT AND RELEASES AND DISCHARGES AGENT, EACH LENDER AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SHAREHOLDERS, AFFILIATES AND ATTORNEYS (COLLECTIVELY THE “RELEASED PARTIES”) FROM ANY AND ALL OBLIGATIONS, INDEBTEDNESS, LIABILITIES, CLAIMS, RIGHTS, CAUSES OF ACTION OR DEMANDS WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, IN LAW OR EQUITY, WHICH SUCH OBLIGOR HAS OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING PRIOR TO THE DATE HEREOF AND FROM OR IN CONNECTION WITH THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY.

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties have executed and delivered this Amendment as of the day and year first written above.

 

BORROWERS:
ARCTIC CAT INC., a Minnesota corporation
By:  

/s/ Christopher J. Eperjesy

Name: Christopher J. Eperjesy
Title:   Chief Financial Officer
ARCTIC CAT SALES INC., a Minnesota corporation
By:  

/s/ Christopher J. Eperjesy

Name: Christopher J. Eperjesy
Title:   Chief Financial Officer
ARCTIC CAT PRODUCTION LLC, a Minnesota limited liability company
By:  

/s/ Christopher J. Eperjesy

Name: Christopher J. Eperjesy
Title:   Chief Financial Officer
ARCTIC CAT PRODUCTION SUPPORT LLC, a Minnesota limited liability company
By:  

/s/ Christopher J. Eperjesy

Name: Christopher J. Eperjesy
Title:   Chief Financial Officer
ARCTIC CAT SHARED SERVICES LLC, a Minnesota limited liability company
By:  

/s/ Christopher J. Eperjesy

Name: Christopher J. Eperjesy
Title:   Chief Financial Officer
MOTORFIST, LLC, a Minnesota limited liability company
By:  

/s/ Christopher J. Eperjesy

Name: Christopher J. Eperjesy
Title:   Treasurer


Notice Address for Borrowers:
  505 Waterford Park, Suite 1000
  505 N. Highway 169
  Plymouth, MN 55441
  Attn:   Christopher J. Eperjesy, CFO
  Telecopy:   763.354.1803


BANK OF AMERICA, N.A.,
as Agent and Lender
By:  

/s/ Brian Conole

Name:   Brian Conole
Title:   Senior Vice President
Address:   Bank of America Business Capital
  20975 Swenson Drive, Suite 200
  Waukesha, WI 53186
Telecopy:   262.207.3347


JPMORGAN CHASE BANK, N.A.,
as Lender
By:  

/s/ Ray Gage

Name:   Ray Gage
Title:   Authorized Officer


EXHIBIT A

SCHEDULE 1.1(A), 2.3, 8.5, 8.6.1, 9.1.4, 9.1.10, 9.1.11, 9.1.14,

9.1.15, 9.1.16(a), 9.1.16(b), 9.1.18, 9.1.20, 10.2.1, 10.2.2 and 10.2.16

to

Loan

Agreement


EXHIBIT A

Amended and Restated Schedules to the

Amended and Restated Loan and Security Agreement


SCHEDULE 1.1(A)

Foreign Account Debtors

AUSTRALIA

        PS Importers PTY Ltd.

        20 Stubbs St.

        Kensington, Australia

AUSTRIA

        HOLLEIS HANDELS GmbH

        Saalfeldnerstrasse 41

        A – 5751 Maishofen, AUSTRIA

FINLAND

        SUMEKO

        The SGN Group

        Juurakkokuja 4

        FI-01510, Vantaa, FINLAND

        STREET ADDRESS

        The SGN Group

        Juurakkokuja 4

        FI-01510, Vantaa, FINLAND

MEXICO

        MOOV MEXICO S.A. de C.V.

        Compressor No. 2237 Col. Alamo Industrial

        Tlaquepaqua, Mexico

NORWAY

        ERLING SANDE A.S.

        Ovre Eiker vei 77

        3048 Drammen, NORWAY

        Invoice Address

        Erling Sande A/S

        PO Box 4114, Gulskogen

        3005 Drammen, NORWAY

RUSSIA

        SUMEKO RUSSIA

        PO Box 15

        FIN-02631, Espoo, FINLAND

        STREET ADDRESS


        Nihtisillankuja 6

        FIN-02630, Espoo, FINLAND

SWEDEN

        KGK SUZUKI A.B

        Sales and Administration

        Hammarbacken 8

        S-191 81 Sollentuna, SWEDEN

        KGK SUZUKI A.B

        Service and Warranty

        Brosslarvagen 19b

        831 72 Ostersund SWEDEN

SWITZERLAND

        SNOPE X S.A.

        Via Molta 3

        Belerna,

        SWITZERLAND


SCHEDULE 2.3

EXISTING LETTERS OF CREDIT

 

Letter of Credit #

  

Beneficiary

  

Amount

 

64604494

   Asahi Denso Co. Ltd.    $ 476,567.21   

64604496

   Suzuki Motor Corporation    $ 617,537.97   

64739741

   Chao Yang Electronic Components    $ 41,928.93   

68047654

   State of Minnesota    $ 2,767,833.00   


SCHEDULE 8.5

DEPOSIT ACCOUNTS

ARCTIC CAT INC.

 

Depository Bank

  

Type of Account

  

Account Numbers

Wells Fargo    Arctic Cat Inc. Operating    #####
Wells Fargo    Workers Comp.    #####
Bank of America    Blocked Account    #####
Bank of America    Blocked Account    #####
Bank of America    Controlled Disbursement Account    #####
Bank of America    Controlled Disbursement Account    #####
Bank of America    N/A – Not Used    #####
Bank of America    Self-Insured Workers Comp.    #####
Bank of America    AC Shared Services LLC/ Payroll/ Payroll Taxes    #####
Bank of America    AC Production Support LLC/ Payroll/Payroll Taxes    #####
Bank of America    AC Production LLC/ Payroll / Payroll Taxes    #####
Wells Fargo    Accounts Payable    #####

ARCTIC CAT SALES INC.

 

Depository Bank

  

Type of Account

  

Account Numbers

Wells Fargo    General    #####
Wells Fargo    Collateral Account Lockbox    #####
Bank of America    Operating Account – Canada    #####
Bank of America    Blocked Account    #####

MOTORFIST, LLC

 

Depository Bank

  

Type of Account

  

Account Numbers

Wells Fargo    General (for Corp. Credit Cards)    #####
Bank of America    Operating (CAD)    #####
Bank of America    Operating (CAD)    #####


SCHEDULE 8.6.1

BUSINESS LOCATIONS

 

1. Borrowers currently have the following business locations:

 

Chief Executive Office:      505 Waterford Park, Suite 1000
   Plymouth, MN 55441
Other Locations:    601 Brooks Avenue South
   Thief River Falls, Minnesota 56701
   817 Lowell Drive
   Thief River Falls, Minnesota 56701
   17440 U.S. Highway 59
   Thief River Falls, Minnesota 56701
   6801 Glen Carlson Drive
   St. Cloud, Minnesota 56301
   4567 North Highway 20
   Island Park, Idaho 83429
   215 Crossroads Boulevard
   Bucyrus, Ohio 44820
   57/59 Murray Park Rd.
   Winnipeg, Manitoba, Canada
   586 First Street
   Idaho Falls, Idaho 83401
   4116 N. 4800 E.
   Rigby, Idaho 83401
   Arctic Cat GmbH
   Industriestraße 43
   5600 St. Johann
   Pongau, Austria

 

2. In the five years preceding the date hereof, Borrowers have had no office or place of business located in any county other than as set forth above, except: NONE

 

3. Each Obligor that is a Subsidiary currently has the following business locations, and no others:


Chief Executive Office: Same location as Arctic Cat Inc.

Other Locations: All Obligors that are Subsidiaries are located at one of the business locations set forth above.

 

4. In the five years preceding the date hereof, no Obligor that is a Subsidiary has had an office or place of business located in any county other than as set forth above, except: NONE

 

5. The following bailees, warehouseman, similar parties and consignees hold inventory of a Borrower:

 

Name and Address of Party

  

Nature of Relationship

  

Owner of Inventory

Big Freight Systems, Inc.

360 Highway 12 North

Steinbach, Manitoba

R5G 1A6

Canada

   Warehouseman    Arctic Cat Sales Inc.

De Lue Haulers

6377 Knickerbocker Road

Ontario, New York 14159

   Warehouseman    Arctic Cat Sales Inc.

Ruan Transport Corporation

7101 Winnetka Avenue

Brooklyn Park, Minnesota

55428

   Warehouseman    Arctic Cat Sales Inc.

Superior Third Party

Logistics, Inc.

1700 Wynne Avenue

St. Paul, Minnesota 55108

   Warehouseman    Arctic Cat Sales Inc.

Porter Warehousing & Distribution, Inc.

15703-114th Ave

Edmonton, Alberta

T5M 2Z3

Canada

   Warehouseman    MotorFist, LLC


SCHEDULE 9.1.4

NAMES AND CAPITAL STRUCTURE

 

1. The corporate names, jurisdictions of incorporation, and authorized and issued Equity Interests of each Borrower and Subsidiary are as follows:

 

Name

  

Jurisdiction

  

Number and Class

of Authorized Shares/
Membership Units

  

Number and Class of
Issued Shares/

Membership Units

Arctic Cat Inc.    Minnesota    45,000,000 shares of Common Stock; 2,200,000 shares of undesignated Preferred Stock; 300,000 shares of Series B Junior Participating Preferred Stock   

13,446,302 shares of

Common Stock;

0 shares of undesignated Preferred Stock; 0 shares of Series B Preferred Stock

Arctic Cat Sales Inc.    Minnesota    50,000    1,000
Arctic Cat Production LLC    Minnesota    1,000    1,000
Arctic Cat Production Support LLC    Minnesota    1,000    1,000
Arctic Cat Shared Services LLC    Minnesota    1,000    1,000
Arctic Cat ACE Holding GmbH    Austria   

Registered Capital of EUR

35,000

   N/A
Arctic Cat GmbH    Austria   

Registered Capital of EUR

1,313,700

   N/A
ARCTIC CAT France SARL    France    N/A    N/A
ARCTIC CAT Deutschland GmbH    Germany    N/A    N/A
ARCTIC CAT Italia S.R.L.    Italy    N/A    N/A
ARCTIC CAT España S.L.    Spain    N/A    N/A
MotorFist, LLC    Minnesota    100    100

 

2. The record holders of Equity Interests of each Borrower and Subsidiary are as follows:

 

Name

  

Class of Stock

  

Number of Shares/

Membership Units

  

Record Owner

Arctic Cat Inc.    Common Stock    13,446,302    Publicly traded company


Name

  

Class of Stock

  

Number of Shares/

Membership Units

  

Record Owner

   Preferred Stock    0    None.
Arctic Cat Sales Inc.    Common stock    1,000    Arctic Cat Inc.
Arctic Cat Production LLC    Membership interest    1,000    Arctic Cat Inc.
Arctic Cat Production Support LLC    Membership interest    1,000    Arctic Cat Inc.
Arctic Cat Shared Services LLC    Membership interest    1,000    Arctic Cat Inc.
Arctic Cat ACE Holding GmbH    Capital Stock    N/A    Arctic Cat Sales Inc.
Arctic Cat GmbH    Capital Stock    N/A   

Arctic Cat ACE Holding

GmbH

ARCTIC CAT France SARL       N/A    Arctic Cat GmbH
ARCTIC CAT Deutschland GmbH       N/A    Arctic Cat GmbH
ARCTIC CAT Italia S.R.L.       N/A    Arctic Cat GmbH
ARCTIC CAT España S.L.       N/A    Arctic Cat GmbH
MotorFist, LLC    Membership Interest    100    Arctic Cat Sales Inc.

 

3. All agreements binding on holders of Equity Interests of Borrowers and Subsidiaries with respect to such interests are as follows:

Arctic Cat Inc. 2007 Omnibus Stock and Incentive Plan

Form of Incentive Stock Option Agreement for 2007 Stock Plan

Form of Non-Qualified Stock Option Agreement for 2007 Stock Plan

Form of Director Non-Qualified Stock Option Agreement for 2007 Stock Plan

First Amendment to Arctic Cat Inc. 2007 Omnibus Stock and Incentive Plan (August 7, 2009) Arctic Cat Inc. 2002 Omnibus Stock and Incentive Plan

Form of Incentive Stock Option Agreement for 2002 Stock Plan


Form of Non-Qualified Stock Option Agreement for 2002 Stock Plan

Form of Director Non-Qualified Stock Option Agreement for 2002 Stock Plan

Form of Arctic Cat Inc. Stock-Settled Appreciation Rights Agreement

Form of Arctic Cat Inc. Restricted Stock Agreement

Member Control Agreement of MotorFist, LLC, dated February 18, 2015, by and between MotorFist, LLC and Arctic Cat Sales Inc.

Arctic Cat Inc. 2013 Omnibus Stock and Incentive Plan

Form of Incentive Stock Option Agreement for 2013 Stock Plan

Form of Non-Qualified Stock Option Agreement for 2013 Stock Plan

Form of Director Non-Qualified Stock Option Agreement for 2013 Stock Plan

Form of Arctic Cat Inc. Restricted Stock Unit Agreement (separate for officers and non-employee directors) for 2013 Stock Plan

 

4. In the five years preceding the date hereof, no Borrower or Subsidiary has acquired any substantial assets from any other Person nor been the surviving entity in a merger or combination except:

MotorFist, LLC, a Minnesota limited liability company (“Buyer”) and wholly owned subsidiary of Arctic Cat Sales Inc., a Minnesota corporation (“Parent”), purchased substantially all the assets of MotorFist, LLC, an Idaho limited liability company (“Seller), pursuant to that certain Asset Purchase Agreement, dated as of February 25, 2015, by and among Buyer, Seller, with respect to certain specified provisions, Brad A. Ball, as Member, and solely with respect to Section 6.13 of the Asset Purchase Agreement, Parent.


SCHEDULE 9.1.10

BROKERS

NONE.


SCHEDULE 9.1.11

PATENTS, TRADEMARKS, COPYRIGHTS, LICENSES, AND DOMAIN NAMES

 

1. As of 15 April 2015, Borrowers’ patents:

 

Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Adjustable Headlight    U.S.    10/262,756   

Filed:

10/1/2002; Issue Date: 11/29/2005

   6,969,184   

Expires 10/01/2022.

11.5 Maintenance Fee Due 05/29/2017.

  

Arctic

Cat Inc.

Adjustable Riser Assembly    U.S.    11/680,454   

Filed:

2/28/2007;

Issue Date: 3/26/2013

   8,402,861   

Expires 04/8/2030.

3.5 Year Maintenance Fee Due 09/26/2016;

7.5 Year Maintenance Fee Due 09/26/2020;

11.5 Year

Maintenance Fee

Due 09/26/2024.

  

Arctic

Cat Inc.

Adjustable Seat Assembly    U.S.    11/680,481   

Filed:

2/28/2007

Issue Date: 05/31/2011

   7,950,736   

Expires 04/15/2027.

3.5 Year Maintenance Fee Due 5/31/2015;

7.5 Year Maintenance Fee Due 11/30/2018;

11.5 Year

Maintenance Fee

Due 11/30/2022.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Adjustable Steering Assembly    U.S.    11/740,228   

Filed:

4/25/2007;

Issue Date

07/10/2012

   8,215,201   

Expires 02/05/2030.

3.5 Year Maintenance Fee Due 01/10/2016;

7.5 Year Maintenance Fee Due 01/10/2020;

11.5 Year

Maintenance Fee

Due 01/10/2024.

  

Arctic

Cat Inc.

Adjustable Steering Assembly    U.S.    13/495,886   

Filed:

6/13/2012;

Issue Date

02/26/2013

   8,381,611   

Expires 04/25/2027.

3.5 Year Maintenance Fee Due 08/26/2016;

7.5 Year Maintenance Fee Due 08/26/2020;

11.5 Year

Maintenance Fee

Due 08/26/2024.

  

Arctic

Cat Inc.

Air Intake System for a Vehicle    U.S.    10/007,222   

Filed:

11/2/2001

Issue Date:

11/29/2005

   6,968,916   

Expires 11/20/2021. 11.5 Maintenance

Fee Due

5/29/2017.

  

Arctic

Cat Inc.

Clutch Shield    U.S.    10/269,703   

Filed:

10/10/2002

Issue Date: 3/8/2005

   6,863,145    Expires 11/23/2022. 11.5 Maintenance Fee Due 09/08/2016.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Drive Clutch Fan for CVT Transmission    U.S.    13/408,781   

Filed: 02/29/2012

Issue Date: 07/15/2014

   8,776,930   

Expires: 3/16/2032;

3.5 Year Maintenance Fee Due 1/15/2018;

7.5 Year Maintenance Fee Due 1/15/2022;

11.5 Year Maintenance Fee Due 1/15/2026.

  

Arctic

Cat Inc.

Redacted    Canada    Pending    Filed: 02/25/2012    Pending    Redacted   

Arctic

Cat Inc.

Dual Cam Surface Clutch    U.S.    10/947,733   

Filed:

9/23/2004

Issue Date: 5/2/2006

   7,037,226   

Expires 10/01/2022.

11.5 Maintenance Fee Due 11/02/2017.

  

Arctic

Cat Inc.

Redacted – “Exhaust Outlet” technology    US    pending    pending    pending    In draft form but not yet filed   

Arctic

Cat Inc.

Foam Padded Seat with Storage Space    U.S.    10/283,383   

Filed: 10/29/2002

Issue Date: 9/5/2006

   7,100,979   

Expires 10/29/2022.

11.5 Maintenance Fee Due 03/05/2018.

  

Arctic

Cat Inc.

Fuel Tank for a Straddle-Mounted Vehicle    U.S.    10/134,719   

Filed:

4/29/2002

Issue Date: 7/6/2004

   6,758,497   

Expires 06/20/2022.

11.5 Maintenance Fee Due 06/06/2016.

  

Arctic

Cat Inc.

Grooved Oil Pan for Use with a Snowmobile    U.S.    10/122,430   

Filed:

4/11/2002

Issue Date: 8/2/2005

   6,923,283   

Expires 05/19/2023.

11.5 Maintenance Fee Due 02/02/2017.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Layered Snowmobile Tunnel    US    13/028,993   

Filed:

2/16/2011

Issue Date: 09/10/2013

   8,528,683   

Expires: 08/15/2031

3.5 Maintenance Fee Due 03/10/2017;

7.5 Maintenance Fee due 03/10/2021; 11.5 Maintenance

Fee Due

03/10/2025

  

Arctic

Cat Inc.

Ignition Timing Control System    U.S.    10/454,861   

Filed: 6/5/2003 Issue Date:

10/4/2005

   6,951,203   

Expires 06/05/2023.

11.5 Maintenance Fee Due 04/04/2017.

  

Arctic

Cat Inc.

Idler Wheel Assembly for Snowmobile    U.S.    13/307,758   

Filed: 11/30/2011

Issue Date: 05/27/2014

   8,733,490   

Expires: 11/30/2031;

3.5 Year Maintenance Fee Due 11/27/2017;

7.5 Year Maintenance Fee Due 11/27/2021;

11.5 Year Maintenance

Fee Due

11/27/2025.

  

Arctic

Cat Inc.

Idler Wheel Assembly for Snowmobile    Canada    Pending   

Filed:

10/25/2011

   Pending    Maintenance Fee Due 10/25/2015; Request for Examination Due 10/25/2017.   

Arctic

Cat Inc.

Integral Bumper and Skid Plate    U.S.    10/215,785   

Filed:

8/8/2002

Issue Date:

5/10/2005

   6,890,010   

Expires

12/17/2022; 11.5 Maintenance

Fee Due

11/10/2016.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Integral Bumper and Skid Plate    Canada    2411314   

Filed: 11/6/2002

Issue Date: 12/30/2008

   2411314   

Annual

Maintenance Fee Due 11/06/2015.

  

Arctic

Cat Inc.

Internal Combustion Engine with Pneumatically Controlled Variable Exhaust Valve    U.S.    09/312,574   

Filed: 5/14/1999

Issue Date: 4/17/2001

   6,216,648    Expires 05/14/2019.   

Arctic

Cat Inc.

Linked Suspension System for a Vehicle    U.S.    10/008,455   

Filed:

11/2/2001

Issue Date: 12/20/2005

   6,976,689    Expires 7/22/2022. 11.5 Maintenance Fee Due 06/20/2017.   

Arctic

Cat Inc.

Linked Suspension System for a Vehicle    Canada    2361044   

Filed: 11/2/2001

Issue Date: 12/5/2006

   2,361,044   

Expires 11/2/2021.

Annual Maintenance Fee Due 11/02/2015.

  

Arctic

Cat Inc.

Low Noise Track Profile    U.S.    10/373,601   

Filed:

2/24/2003

Issue Date: 8/2/2005

   6,923,515   

Expires 02/24/2023. 11.5 Maintenance

Fee Due

02/02/2017.

  

Arctic

Cat Inc.

Low Noise Track Profile    Europe    4445014.6   

Filed: 2/20/2004

Issue Date: 1/10/2007

   1449750   

Expires

02/20/2024.

  

Arctic

Cat Inc.

Low Noise Track Profile   

Europe-

Finland

   1449750   

Filed: 1/10/2007

Issue Date: 1/10/2007

   195449750    Expires 02/20/2024. Annual Maintenance Fees Due 02/28/2016.   

Arctic

Cat Inc.

Low Noise Track Profile   

Europe-

Sweden

   1449750   

Filed: 4/5/2007 Issue Date:

1/10/2007

   1449750    Expires 02/20/2024. Annual Maintenance Fees Due 02/28/2016.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Low Noise Track Profile    Canada    2457290   

Filed: 2/11/2004

Issued Date: 12/20/2010

   2457290   

Annual

Maintenance Fee Due 02/11/2016.

  

Arctic

Cat Inc.

Multi-Location Fuel Injection System    U.S.    11/143,884   

Filed: 6/2/2005 Issue Date:

1/30/2007

   7,168,401   

Expires 06/02/2025

11.5 Maintenance Fee Due 7/30/2018.

  

Arctic

Cat Inc.

Redacted:

“skidframe” technology

   US    14/109,760    Filed: 12/17/2013    Pending    Redacted   

Arctic

Cat Inc.

Redacted:

“skidframe” technology

   PCT    PCT/US14/70669    Filed: 12/16/2014    Pending    Redacted   

Arctic

Cat Inc.

Position-Sensitive Shock Absorber    U.S.    10/373,606   

Filed: 2/24/2003

Issue Date: 11/22/2005

   6,966,412   

Expires 02/24/2023.

11.5 Maintenance Fee Due 05/22/2017.

  

Arctic

Cat Inc.

Regulator Bearing Mount    U.S.    10/172,577   

Filed: 6/13/2002

Issue Date: 1/18/2005

   6,843,603    Expires 06/13/2022. 11.5 Maintenance Fee Due 7/18/2016.   

Arctic

Cat Inc.

Reversible Rear Axle Mount    U.S.    10/093,249   

Filed: 3/6/2002 Issue Date:

7/13/2004

   6,761,236   

Expires 7/04/2022.

11.5 Maintenance Fee Due 01/13/2016.

  

Arctic

Cat Inc.

Seating System Configurable Between One-Person to Two- Person Configurations, and Method for Configuring Same    U.S.    09/579,614   

Filed: 5/26/2000

Issue Date:

12/10/2002

   6,491,124    Expires 05/26/2020.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Snowmobile Air Box Assembly    U.S.    10/290,844   

Filed: 11/7/2002

Issue Date: 9/5/2006

   7,100,730   

Expires 10/08/2023.

11.5 Maintenance Fee Due 3/5/2018.

  

Arctic

Cat Inc.

Snowmobile Air Box Assembly    U.S.    11/424,793   

Filed: 6/16/2006

Issue Date: 5/6/2008

   7,367,418   

Expires 12/04/2022.

7.5 Maintenance Fee Due 11/06/2015;

11.5 Maintenance Fee Due 11/06/2019.

  

Arctic

Cat Inc.

Snowmobile Drive Track    U.S.    10/786,583   

Filed: 2/23/2004

Issue Date: 9/9/2008

   7,422,295   

Expires 2/23/2004.

7.5 Maintenance Fee Due 03/09/2016;

11.5 Maintenance Fee Due 03/09/2020.

  

Arctic

Cat Inc.

Snowmobile Drive Track    Canada    2458321    Filed: 2/23/2004    Pending   

Annual

Maintenance Fee Due 02/23/2016.

  

Arctic

Cat Inc.

Snowmobile Drive Track with Double Angled Lugs (Power Claw)    U.S.    11/840,093   

Filed: 8/16/2007

Issue Date: 5/11/2010

   7,712,846   

Expires 09/20/2024

7.5 Maintenance Fee Due 11/11/2017;

11.5 Maintenance Fee Due 11/11/2021.

  

Arctic

Cat Inc.

Snowmobile Exhaust Exit    U.S.    10/948,964   

File: 9/24/2004

Issue Date: 9/13/2005

   6,942,052   

Expires 09/24/2024; 11.5 Maintenance Fee Due

03/13/2017.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Snowmobile Exhaust Exit    Canada    2520794   

Filed: 9/23/2005

Issue Date: 9/2/2008

   2,520,794    Expires 09/23/2025; Annual Maintenance Fee Due 09/23/2016.   

Arctic

Cat Inc.

Snowmobile Planetary Drive System    U.S.    09/843,587   

Filed: 4/26/2001

Issue Date:

6/21/2005

   6,907,951   

Expires

08/15/2020.

11.5 Maintenance

Fee Due

12/21/2016.

  

Arctic

Cat Inc.

Snowmobile Planetary Drive System    U.S.    09/966,926   

Filed: 9/27/2001

Issue Date: 6/1/2004

   6,742,618    Expires 03/07/2020. 11.5 Maintenance Fee Due 12/1/2015.   

Arctic

Cat Inc.

Snowmobile Planetary Drive System    U.S.    10/859,394   

Filed: 6/1/2004 Issue Date:

6/20/2006

   7,063,639   

Expires 03/07/2020.

11.5 Maintenance Fee Due 12/20/2017.

  

Arctic

Cat Inc.

Snowmobile Remote Ignition System    U.S.    10/353,281   

Filed: 1/28/2003

Issue Date: 3/29/2005

   6,871,624   

Expires 01/28/2023.

11.5 Maintenance

Fee Due

09/29/2016.

  

Arctic

Cat Inc.

Snowmobile Remote Ignition System    U.S.    11/091,188   

Filed: 03/28/2005

Issue Date: 11/28/2006

   7,140,338   

Expires 01/28/2023.

11.5 Maintenance Fee Due 05/28/2018.

  

Arctic

Cat Inc.

Snowmobile Track Suspension    U.S.    11/061,117   

Filed: 2/18/2005

Issue Date: 4/22/2008

   7,360,618   

Expires 4/27/2026;

7.5 year Maintenance Fee due 10/22/2015;

11.5 year Maintenance Fee due 10/22/2019.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Snowmobile Tunnel and Rear Heat Exchanger    U.S.    10/953,940   

Filed: 9/29/2004

Issue Date: 2/12/2008

   7,328,765   

Expires 01/06/2023; 7.5 Maintenance Fee Due 08/12/2015;

11.5 Maintenance Fee Due 08/12/2019

  

Arctic

Cat Inc.

Snowmobile Tunnel and Rear Heat Exchanger    U.S.    11/680,465   

Filed: 2/28/2007

Issue Date:

08/24/2010

   7,779,944   

Expires 07/02/2026;

7.5 Maintenance Fee Due 02/24/2018;

11.5 Maintenance Fee Due 02/24/2022

  

Arctic

Cat Inc.

Staggered Ski Skag    U.S.    10/439,640   

Filed: 5/16/2003

Issue Date: 2/10/2009

   7,487,974   

Expires 05/16/2023; 7.5 Maintenance

Fee Due 8/10/2016;

11.5 Maintenance Fee Due 08/10/2020

  

Arctic

Cat Inc.

Staggered Ski Skag    Canada    2467319   

Filed: 5/14/2004

Issued:

10/04/2011

   2467319   

Annual

Maintenance Fee Due 05/14/2015.

  

Arctic

Cat Inc.

Steering Post for Recreational Vehicle    U.S.    10/290,847   

Filed: 11/7/2002

Issue Date: 4/17/2007

   7,204,497    Expires 02/16/2023. 11.5 Maintenance Fee Due 10/17/2018.   

Arctic

Cat Inc.

Temperature-Controlled Fuel Injection System or Two-Stoke Engine    U.S.    11/185,912   

Filed: 7/20/2005

Issue Date: 8/21/2007

   7,258,107    Expires 05/07/2023. 11.5 Maintenance Fee Due 02/21/2019.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Three-Point Engine Mount    U.S.    10/224,858   

Filed: 8/20/2002

Issue Date: 8/1/2006

   7,083,024   

Expires 08/20/2022.

11.5 Maintenance Fee Due 02/01/2018.

  

Arctic

Cat Inc.

Two-Cycle Engine with Exhaust Temperature- Controlled Ignition Timing    U.S.    09/452,657   

Filed: 12/1/1999

Issue Date: 5/29/2001

   6,237,566    Expires 12/1/2019.   

Arctic

Cat Inc.

Two-Cycle Engine with Exhaust Temperature- Controlled Ignition Timing    U.S.    09/568,449   

Filed: 5/10/2000

Issue Date: 4/16/2002

   6,371,082    Expires 12/1/2019.   

Arctic

Cat Inc.

Two-Cycle Engine with Exhaust Temperature- Controlled Ignition Timing    U.S.    10/123,773   

Filed: 4/16/2002

Issue Date: 4/22/2003

   6,550,450    Expires 12/1/2019.   

Arctic

Cat Inc.

Two-Cycle Engine with Exhaust Temperature- Controlled Ignition Timing    Canada    2322738    Filed: 10/10/2000 Issue Date: 2/18/2003    2322738    Expires 10/10/2020. Annual Maintenance Fees Due 10/10/2015.   

Arctic

Cat Inc.

U-Joint Progressive Steering Arrangement    U.S.    11/680,487   

Filed: 2/28/2007

Issue Date:

11/17/2009

   7,617,900   

Expires 11/03/2027.

7.5 Maintenance Fee Due 05/17/2017;

11.5 Maintenance Fee Due

05/17/2021

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Vehicle Tracking Control System    U.S.    11/061,317   

Filed: 2/18/2005

Issue Date: 5/20/2008

   7,374,188   

Expires 11/08/2025; 7.5 year Maintenance fee due 11/20/2015;

11.5 year Maintenance fee due 11/20/2019.

  

Arctic

Cat Inc.

HELMET WITH INTEGRATED HEAD LIGHT    U.S.    11/061,371   

Filed: 2/17/2005

Issue Date:

10/19/2010

   7,814,578   

Expires 1/30/2027;

7.5 year Maintenance Fee due 4/19/2014

11.5 year Maintenance Fee due 4/19/2022

  

Arctic

Cat Inc.

HELMET WITH VENTILATION FOR FOG MANAGEMENT AND RESPIRATION    U.S.    09/778,832   

Filed: 2/8/2001

Issue Date: 7/30/2002

   6,425,143    Expires 2/8/2021;   

Arctic

Cat Inc.

HELMET WITH VENTILATION FOR FOG MANAGEMENT AND RESPIRATION    Canada    2,336,548   

Filed: 2/14/2001

Issue Date:

12/15/2009

   2336548   

Annual

Maintenance Fee due 2/14/2015

  

Arctic

Cat Inc.

Partially Redacted “speedrack lock” technology    U.S.    Pending    Unfiled    Pending    Redacted   

Arctic

Cat Inc.

All-Terrain Vehicle Engine Configuration    U.S.    11/129,069    Filed: 05/12/2005 Issue Date: 10/21/2008    7,438,153   

Expires 11/27/2025;

7.5 Maintenance

Fee Due 04/21/2016;

11.5 Maintenance Fee Due 04/21/2020

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

All-Terrain Vehicle Reverse Gear Protection    U.S.    11/119,410    Filed: 04/28/2005 Issue Date: 9/9/2008    7,422,545   

Expires 04/11/2026. 7.5 Maintenance

Fee Due 03/09/2016;

11.5 Maintenance Fee Due 03/09/2020

  

Arctic

Cat Inc.

All-Terrain Vehicle Reverse Gear Protection    Canada    2545209   

Filed: 4/27/2006

Issue Date:

08/18/2009

   2545209   

Annual

Maintenance Fee Due 04/27/2016.

  

Arctic

Cat Inc.

Axle Nut Retainer    U.S.    13/603,188   

Filed: 09/04/2012

Issue Date: 02/10/2015

   8,950,824   

Expires 05/23/2033;

3.5-Year Maintenance Fee Due 08/10/2018;

7.5-Year Maintenance Fee Due 8/10/2022;

11.5-Year Maintenance Fee Due 08/10/2026.

  

Arctic

Cat Inc.

Redacted    Canada    Pending    Filed: 03/03/2015    Pending    Redacted   

Arctic

Cat Inc.

Compact Steering Mechanism    U.S.    13/452,085   

Filed: 04/20/2012

Issue Date: 04/29/2014

   8,708,358   

Expires: 04/20/2032;

3.5 Maintenance Fee Due 10/29/2017;

7.5 Maintenance Fee Due 10/29/2021;

11.5 Maintenance Fee Due 10/29/2025.

  

Arctic

Cat Inc.

Compact Steering Mechanism    Canada    2813156    Filed: 04/17/2013    Pending   

Maintenance

Fee Due 04/17/2016; Request for Examination Due 04/17/2018.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Coupler Axle    U.S.    12/881,349   

Filed: 09/14/2010

Issued:

03/05/2013

   8,388,457   

Expires: 02/03/2031;

3.5 Maintenance Fee Due 09/05/2016;

7.5 Maintenance Fee Due 09/05/2020;

11.5 Maintenance Fee Due 09/05/2024.

  

Arctic

Cat Inc.

Redacted    U.S.    13/948,007    Filed: 07/22/2013    Pending    Waiting on Action from U.S. Patent Office.   

Arctic

Cat Inc.

ECU Limiter    U.S.    13/460,588   

Filed: 04/30/2012

Issue Date: 08/26/2014

   8,818,570   

Expires: 5/9/2032;

3.5 Year Maintenance Fee Due 2/26/2018;

7.5 Year Maintenance Fee Due 2/26/2022;

11.5 Year Maintenance Fee Due 2/26/2026.

  

Arctic

Cat Inc.

Redacted    Canada    2814465    Filed: 04/29/2013    Pending    Redacted   

Arctic

Cat Inc.

Speed Limiter via Gauge Interface    U.S.    13/829,039    Filed: 03/14/2013    Pending    Waiting on Action from U.S. Patent Office.   

Arctic

Cat Inc.

Redacted    PCT    PCT/US14/22025    Filed: 03/07/2014    Pending    Redacted   

Arctic

Cat Inc.

Engine Configuration for a Vehicle    Sweden    000433487   

Filed: 11/10/2005

Issue Date: 3/16/2006

   000433487    Expires 11/10/2030. Maintenance Fee Due 11/10/2015.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Integrated Safety Net for Vehicle    U.S.    13/333,282   

Filed: 12/21/2011

Issued: 06/18/2013

   8,465,050   

Expires: 12/21/2031;

3.5 Maintenance Fee Due 12/18/2016;

7.5 Maintenance Fee Due 12/18/2020;

11.5 Maintenance Fee Due 12/18/2024.

  

Arctic

Cat Inc.

Redacted    Canada    Pending    Filed: 10/22/2012    Pending    Maintenance Fee Due 10/22/2015   

Arctic

Cat Inc.

Redacted    U.S.    13/829,129    Filed: 03/14/2013    Pending    Redacted   

Arctic

Cat Inc.

Redacted    PCT    PCT/US14/22051    Filed: 03/07/2014    Pending    Redacted   

Arctic

Cat Inc.

Redacted    U.S.    13/775,133    Filed: 02/23/2013    Pending    Waiting on Action from U.S. Patent Office.   

Arctic

Cat Inc.

Redacted    PCT    PCT/US14/17269    Filed: 2/20/2014    Pending    Redacted   

Arctic

Cat Inc.

Redacted    Taiwan    103105878    Filed: 2/21/2014    Pending    Redacted   

Arctic

Cat Inc.

Speedrack    U.S.    10/172,531   

Filed: 06/13/2002

Issue Date: 5/16/2006

   7,044,526   

Expires 10/06/2022.

11.5 Maintenance Fee Due 11/16/2017.

  

Arctic

Cat Inc.

Seat/Rack/Box (e.g., TRV)    U.S.    11/112,980   

Filed: 04/22/2005

Issued: 12/21/2010

   7,854,460   

Expires 09/18/2025.

7.5 Maintenance Fee Due 06/21/2018.

11.5 Maintenance Fee Due 06/21/2022

  

Arctic

Cat Inc.

Speedrack    Canada    2427706   

Filed: 05/05/2003

Issue Date: 07/19/2011

   2427706    Maintenance Fee Due 05/05/2015.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Seat/Rack/Box (e.g., TRV)    Canada    2541084    Filed: 03/27/2006    Pending   

Annual Maintenance Fee

Due 03/27/2016.

  

Arctic

Cat Inc.

Multi-Link Rear Suspension for Vehicle    U.S.    13/454,954   

Filed: 04/24/2012

Issue Date: 07/01/2015

   8,764,039   

Expires: 4/24/2032;

3.5 Year Maintenance Fee Due 1/1/2018;

7.5 Year Maintenance Fee Due 1/1/2022;

11.5 Year Maintenance Fee Due 1/1/2026.

  

Arctic

Cat Inc.

Multi-Link Rear Suspension for Vehicle    Canada    2813589    Filed: 04/22/2013    Pending    Maintenance Fee Due 04/22/2015; Request for Examination Due 04/22/2018.   

Arctic

Cat Inc.

Redacted    U.S.    14/475,359    Filed: 09/02/2014    Pending    Redacted   

Arctic

Cat Inc.

Power Distribution Module for Personal Recreational Vehicle    U.S.    10/283,427   

Filed: 10/29/2002

Issue Date: 7/4/2006

   7,072,188   

Expires 10/29/2022.

11.5 Maintenance Fee Due 01/04/2018.

  

Arctic

Cat Inc.

Power Distribution Module for Personal Recreational Vehicle    U.S.    11/427,280   

Filed: 06/28/2006

Issue Date: 9/2/2008

   7,420,822    Expires 10/22/2022. 7.5 Maintenance Fee Due 3/2/2016; 11.5 Maintenance Fee Due 3/2/2020   

Arctic

Cat Inc.

Power Distribution Module for Personal Recreational Vehicle    U.S.    12/188,010   

Filed: 08/07/2008

Issue Date: 7/7/2009

   7,558,079    Expires 6/28/2026. 7.5 Maintenance Fee Due 1/7/2017; 11.5 Year Maintenance Fee Due 1/7/2021.   

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Recreational Vehicle Locking Differential    U.S.    10/434,518    Filed: 05/07/2003 Issue Date: 3/28/2005    7,018,317   

Expires 05/07/2023.

11.5 Maintenance

Fee Due

09/28/2017.

  

Arctic

Cat Inc.

Recreational Vehicle Locking Differential    Europe    04445055.9   

Filed: 05/07/2004

Issue Date:

03/31/2010

   1475264    Expires on 5/7/2024   

Arctic

Cat Inc.

Recreational Vehicle Locking Differential    Europe-Germany    1475264    Issue Date: 3/31/2010    60 2004 026 244.7-08    Annual Maintenance Fee Due 05/31/2015.   

Arctic

Cat Inc.

Recreational Vehicle Locking Differential    Europe-France    1475264    Issue Date: 3/31/2010    1475264    Annual Maintenance Fee Due 05/31/2015.   

Arctic

Cat Inc.

Redacted    U.S.    14/245,901    Filed: 04/04/2014    Pending    Redacted   

Arctic

Cat Inc.

Redacted    Canada    Pending    Filed: 04/01/2015    Pending    Redacted   

Arctic

Cat Inc.

2-Up ATV    U.S.    10/415,704   

Filed: 08/11/2003

Issue Date:

6/29/2010

   7,743,864   

Expires 10/28/2023.

7.5 Maintenance Fee Due 12/29/2017.

11.5 Maintenance Fee Due 12/29/2021

  

Arctic

Cat Inc.

2-Up ATV    Canada    2,421,281   

Filed: 07/31/2002

Issue Date:

7/15/2008

   2,421,281    Expires on 7/31/2022; Annual Maintenance Fee Due 07/31/2015.   

Arctic

Cat Inc.

Textured All-Terrain Vehicle Fenders    U.S.    11/018,516   

Filed: 12/20/2004

Issued Date: 3/2/2010

   7,669,678   

Expires 9/2/2027.

7.5 Maintenance Fee Due 9/2/2017;

11.5 Maintenance Fee Due 9/2/2021.

  

Arctic

Cat Inc.


Patent Name

  

Country

  

U.S./Foreign
Patent App. Serial
No.

  

Date

Filed/Issue Date

  

Patent/Reg. No.

  

Status

  

Owner

Redacted    U.S.    29/446,446    Filed: 02/23/2013    Pending    Waiting on Action from U.S. Patent Office.   

Arctic

Cat Inc.

Redacted    Canada    Pending    Filed: 08/21/2013    Pending    Waiting on Action from Canadian Patent Office.   

Arctic

Cat Inc.

Redacted    Europe    2294934   

Filed: 08/22/2013

Issue Date: 11/12/2013

   002294934-001    Maintenance Fee Due 08/22/2018   

Arctic

Cat Inc.

Redacted    U.S.    13/485,696    Filed: 05/31/2012    Pending    Waiting on Action from U.S. Patent Office.   

Arctic

Cat Inc.

Redacted    Canada    2817233    Filed: 05/29/2013    Pending   

Maintenance Fee Due 05/29/2015;

Request for Examination Due 05/29/2018.

  

Arctic

Cat Inc.

Winch Switch    U.S.    10/172,301   

Filed: 06/13/2002

Issue Date: 7/13/2004

   6,762,377   

Expires 06/13/2022.

11.5 Maintenance

Fee Due

01/13/2016.

  

Arctic

Cat Inc.

Controlled Thrust Steering System for WC    U.S.    10/439/568   

Filed: 5/16/03 Issue Date:

9/21/04

   6,793,545    Current    Arctic Cat Inc.

All redacted items deal with pending or in process but not yet filed patents.

 

2. As of 15 April 2015, Borrowers’ trademarks:

 

Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

ARCTIC CAT®

   Argentina    1609717    08/01/96    Arctic Cat Inc.

ARCTIC CAT®

   Australia    672240    02/07/97    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

ARCTIC CAT®

   Brazil    819100692    09/05/00    Arctic Cat Inc.

ARCTIC CAT®

   Canada    174456    02/12/71    Arctic Cat Inc.

ARCTIC CAT®

   Chile    919830    05/31/11    Arctic Cat Inc.

ARCTIC CAT®

   China    5443533    06/24/06    Arctic Cat Inc.

ARCTIC CAT®

   European Community    252965    09/01/98    Arctic Cat Inc.

ARCTIC CAT®

   India       08/19/11    Arctic Cat Inc.

ARCTIC CAT®

   Kazakhstan    36808    07/22/10    Arctic Cat Inc.

ARCTIC CAT®

   Madrid Protocol (Norway, Russian Federation, Ukraine)    1044269    06/18/10    Arctic Cat Inc.

ARCTIC CAT®

   New Zealand    253452    03/06/97    Arctic Cat Inc.

ARCTIC CAT®

   Turkey    2010/32835    05/18/10    Arctic Cat Inc.

ARCTIC CAT®

   USA    2178018    08/04/98    Arctic Cat Inc.

ARCTIC CAT®

   Venezuela    P-196956    05/07/97    Arctic Cat Inc.

ARCTIC CAT®

   Canada    549733    08/13/01    Arctic Cat Inc.

ARCTIC CAT®

   USA    2293113    11/16/99    Arctic Cat Inc.

ARCTIC CIRCLETM

   USA - Common Law    COMMON LAW   

Date of first use -

2007

   Arctic Cat Inc.

BEARCAT®

   Canada    445426    07/11/95    Arctic Cat Inc.

BEARCAT®

   European Community    274688    06/10/98    Arctic Cat Inc.

BLACK MAGICTM

   Madrid Protocol (European Community)    1019137    10/17/09    Arctic Cat Inc.

BLACK MAGICTM

   USA    3765245    03/23/10    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

Cat’s Head Logo

   European Community    5256318    08/14/06    Arctic Cat Inc.

DRVTM

   USA - Common Law    COMMON LAW   

Date of First Use -

2/16/2006

   Arctic Cat Inc.

DURAMATICTM

   USA - Common Law    COMMON LAW   

Date of First Use -

6/18/1999

   Arctic Cat Inc.

DVXTM

   USA - Common Law    COMMON LAW   

Date of First Use -

07/2003

   Arctic Cat Inc.

AIR CAT LogoTM

   Canada    1366432    10/04/07    Arctic Cat Inc.

AIR CAT Logo®

   Kazakhstan    36809    07/22/10    Arctic Cat Inc.

AIR CAT LogoTM

   Kazakhstan    59297    08/24/12    Arctic Cat Inc.

AIR CAT Logo®

  

Madrid Protocol

(European Community, Norway, Russian Federation, Turkey, Ukraine)

   941 684    10/12/07    Arctic Cat Inc.

AIR CAT LogoTM

   USA    4,208,167    09/18/12    Arctic Cat Inc.

HDXTM

   USA - Common Law    COMMON LAW    Date of first use – 06/2010    Arctic Cat Inc.

MUDPROTM

   USA    4021076    09/16/11    Arctic Cat Inc.

PROWLER®

   Canada    404557    11/06/92    Arctic Cat Inc.

PROWLER®

   European Community    4291341    02/16/05    Arctic Cat Inc.

PROWLERTM

   USA    78/468,096    08/16/04    Arctic Cat Inc.

SBS 1000TM

   USA - Common Law    COMMON LAW   

Date of first use -

06/2001

   Arctic Cat Inc.

SPEEDPOINTTM

   USA - Common Law    COMMON LAW   

Date of first use -

2006

   Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

SPEEDRACK®

   Canada    688210    05/24/07    Arctic Cat Inc.

SPEEDRACK®

   European Community    4032769    07/24/06    Arctic Cat Inc.

SPEEDRACK®

   USA    3081671    04/18/06    Arctic Cat Inc.

TBXTM

   USA - Common Law    COMMON LAW   

Date of first use -

03/2001

   Arctic Cat Inc.

THUNDERCATTM

   USA    3915903    2/8/2011    Arctic Cat Inc.

TRV®

   Canada    631714    02/01/05    Arctic Cat Inc.

TRV®

   USA    2861288    07/06/04    Arctic Cat Inc.

WILDCATTM

   USA    85/308,858    04/29/11    Arctic Cat Inc.

WILDCAT

   USA    85/979,276    04/29/11    Arctic Cat Inc.

WORLD CLASS ALL TERRAIN VEHICLESTM

   USA - Common Law    COMMON LAW   

Date of first use -

1995

   Arctic Cat Inc.

XTTM

   USA - Common Law    COMMON LAW   

Date of first use -

6/2005

   Arctic Cat Inc.

XTXTM

   USA - Common Law    COMMON LAW   

Date of first use -

6/2007

   Arctic Cat Inc.

XTZTM

   USA - Common Law    COMMON LAW   

Date of first use -

06/2008

   Arctic Cat Inc.

ARCTIC CAT®

   Canada    174456    02/12/71    Arctic Cat Inc.

ARCTIC CAT®

   Canada    549733    08/13/01    Arctic Cat Inc.

ARCTIC CATTM

   China    5443632    06/24/06    Arctic Cat Inc.

ARCTIC CATTM

   China    5443540    06/24/06    Arctic Cat Inc.

ARCTIC CATTM

   China    5443539    06/24/06    Arctic Cat Inc.

ARCTIC CATTM

   China    5443538    06/24/06    Arctic Cat Inc.

ARCTIC CAT®

   European Community    252965    09/01/98    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

ARCTIC CAT®

   Finland    126273    05/12/93    Arctic Cat Inc.

ARCTIC CATTM

   Kazakhstan    36808    07/22/10    Arctic Cat Inc.

ARCTIC CAT®

   Norway    97973    01/06/77    Arctic Cat Inc.

ARCTIC CAT®

   Sweden    251508    09/10/93    Arctic Cat Inc.

ARCTIC CAT®

   Turkey    2008 18254    09/17/09    Arctic Cat Inc.

ARCTIC CAT®

   USA    1647837    06/18/91    Arctic Cat Inc.

ARCTIC CAT®

   USA    2293113    11/16/99    Arctic Cat Inc.

ARCTIC CIRCLETM

   USA - Common Law    COMMON LAW    Date of first use - 2007    Arctic Cat Inc.

ARCTICWEAR®

   Canada    320909    11/21/86    Arctic Cat Inc.

ARCTICWEAR®

   Madrid Protocol    1044730    06/30/10    Arctic Cat Inc.

ARCTIC WEARTM

   Kazakhstan    13207    07/22/10    Arctic Cat Inc.

ARCTICWEAR®

   USA    1113183    02/13/79    Arctic Cat Inc.

A WHOLE DIFFERENT ANIMALTM

   USA - Common Law    COMMON LAW   

Date of first use -

09/06/1995

   Arctic Cat Inc.

BEARCAT®

   Canada    445426    07/11/95    Arctic Cat Inc.

BLACK MAGICTM

   USA    85/207,420    12/29/10    Arctic Cat Inc.

BLACK MAGIC®

   Canada    424434    03/04/94    Arctic Cat Inc.

BLACK MAGIC (STYLIZED)®

   USA    1701656    07/21/92    Arctic Cat Inc.

CATMASTER®

   Canada    432159    08/26/94    Arctic Cat Inc.

CATMASTER®

   USA    1828332    03/29/94    Arctic Cat Inc.

EL TIGRE®

   Canada    416555    09/10/93    Arctic Cat Inc.

AIR CAT LogoTM

   Canada    1366432    10/04/07    Arctic Cat Inc.

AIR CAT Logo®

   Kazakhstan    36809    07/22/10    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

AIR CAT LogoTM

   Kazakhstan    59297    08/24/12    Arctic Cat Inc.

AIR CAT Logo®

   Madrid Protocol    941 684    10/12/07    Arctic Cat Inc.

AIR CAT LogoTM

   USA    4,208,167    10/03/07    Arctic Cat Inc.

DRIFT RACING

   USA    85/899,316    04/09/13    Arctic Cat Inc.

GONE

WHEELINTM

   USA - Common Law    COMMON LAW   

Date of first use -

06/2007

   Arctic Cat Inc.

MISCELLANEOUS DESIGN (Cat’s Head)®

   Canada    312714    03/28/86    Arctic Cat Inc.

MISCELLANEOUS DESIGN (Cat’s Head)®

   European Community    5256318    08/14/06    Arctic Cat Inc.

MISCELLANEOUS DESIGN (Cat’s Head)®

   USA    1789501    08/24/93    Arctic Cat Inc.

MUDPROTM

   USA    77/917,274    01/21/10    Arctic Cat Inc.

PANTERA®

   Canada    440026    03/03/95    Arctic Cat Inc.

PROWLER®

   Canada    404557    11/06/92    Arctic Cat Inc.

RIDETM

   USA - Common Law    COMMON LAW   

Date of first use -

07/2002

   Arctic Cat Inc.

SNO PRO®

   Canada    396002    03/20/92    Arctic Cat Inc.

SNO PRO®

   USA    1770179    05/11/93    Arctic Cat Inc.

SNO PRO®

   USA    1777672    06/22/93    Arctic Cat Inc.

SNO-CROSS®

   USA    1642895    04/30/91    Arctic Cat Inc.

SPEEDRACK®

   Canada    688210    05/24/07    Arctic Cat Inc.

SPEEDRACK®

   European Community    4032769    07/24/06    Arctic Cat Inc.

SPEEDRACK®

   USA    3081671    04/18/06    Arctic Cat Inc.

TEAM ARCTIC®

   Canada    440022    03/03/95    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

TEAM ARCTIC®

   USA    1654873    08/27/91    Arctic Cat Inc.

THUNDERCAT®

   European Community    330,126    08/21/06    Arctic Cat Inc.

THUNDERCATTM

   USA    3915903    2/8/2011    Arctic Cat Inc.

WILDCAT®

   Canada    384243    05/10/91    Arctic Cat Inc.

ZR®

   USA    1803563    11/09/93    Arctic Cat Inc.

ZR®

   Canada    422490    05/05/95    Arctic Cat Inc.

ARCTIC CAT®

   Argentina    1609717    08/01/96    Arctic Cat Inc.

ARCTIC CAT®

   Australia    672240    02/07/97    Arctic Cat Inc.

ARCTIC CAT®

   Brazil    819100692    09/05/00    Arctic Cat Inc.

ARCTIC CAT®

   Canada    174456    02/12/71    Arctic Cat Inc.

ARCTIC CAT®

   Canada    549733    08/13/01    Arctic Cat Inc.

ARCTIC CAT®

   European Community    252965    09/01/98    Arctic Cat Inc.

ARCTIC CAT®

   Finland    126273    05/12/93    Arctic Cat Inc.

ARCTIC CAT®

   France    1641564    01/31/91    Arctic Cat Inc.

ARCTIC CAT®

   Japan    3182998    07/31/96    Arctic Cat Inc.

ARCTIC CATTM

   Kazakhstan    36808    07/22/10    Arctic Cat Inc.

ARCTIC CAT®

   New Zealand    253452    03/06/97    Arctic Cat Inc.

ARCTIC CAT®

   Norway    97973    01/06/77    Arctic Cat Inc.

ARCTIC CAT®

   USA    2178018    08/04/98    Arctic Cat Inc.

ARCTIC CATTM

   Turkey    2010/32835    05/18/10    Arctic Cat Inc.

ARCTIC CAT®

   USA    865633    03/04/69    Arctic Cat Inc.

ARCTIC CAT®

   USA    2293113    11/16/99    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

ARCTIC CAT®

   Venezuela    P-196956    05/07/97    Arctic Cat Inc.

BEARCAT®

   Australia    672238    02/07/97    Arctic Cat Inc.

BEARCAT®

   Canada    445426    07/11/95    Arctic Cat Inc.

BEARCAT®

   European Community    274688    06/10/98    Arctic Cat Inc.

BEARCAT®

   Finland    141862    12/20/95    Arctic Cat Inc.

BEARCAT®

   USA    1982860    06/25/96    Arctic Cat Inc.

BLACK MAGIC (STYLIZED)®

   USA    1701656    07/21/92    Arctic Cat Inc.

BLACK MAGIC®

   Canada    424434    03/04/94    Arctic Cat Inc.

Cat’s Head Logo®

   European Community    5256318    08/14/06    Arctic Cat Inc.

CHEETAH®

   USA    1010674    05/13/75    Arctic Cat Inc.

COUGAR®

   Canada    413602    06/18/93    Arctic Cat Inc.

COUGAR®

   USA    1661623    10/22/91    Arctic Cat Inc.

EL TIGRE®

   Canada    416555    09/10/93    Arctic Cat Inc.

EL TIGRE®

   USA    1643544    05/07/91    Arctic Cat Inc.

EXT®

   Canada    401342    08/14/92    Arctic Cat Inc.

EXT®

   USA    1651429    07/23/91    Arctic Cat Inc.

FIRECAT®

   Canada    614638    07/12/04    Arctic Cat Inc.

FIRECAT®

   European Community    3013703    11/18/04    Arctic Cat Inc.

FIRECAT®

   USA    2779647    11/04/03    Arctic Cat Inc.

AIR CAT LogoTM

   Canada    1366432    10/04/07    Arctic Cat Inc.

AIR CAT Logo®

   Kazakhstan    36809    07/22/10    Arctic Cat Inc.

AIR CAT LogoTM

   Kazakhstan    59297    08/24/12    Arctic Cat Inc.

AIR CAT Logo®

   Madrid Protocol    941 684    10/12/07    Arctic Cat Inc.


Mark

  

Country

  

Reg/Appl

No.

  

Filing/

Issue Date

  

Owner

AIR CAT LogoTM

   USA    4,208,167    09/18/12    Arctic Cat Inc.

JAG®

   Canada    434873    10/28/94    Arctic Cat Inc.

JAG®

   USA    1166432    08/25/81    Arctic Cat Inc.

KITTY CAT®

   Canada    339037    04/08/88    Arctic Cat Inc.

LYNX®

   Canada    231675    02/02/79    Arctic Cat Inc.

LYNX®

   USA    1097348    07/25/78    Arctic Cat Inc.

MOUNTAIN CAT (STYLIZED)®

   Canada    378910    01/25/91    Arctic Cat Inc.

PANTERA®

   Canada    440026    03/03/95    Arctic Cat Inc.

PANTERA®

   USA    1167171    09/01/81    Arctic Cat Inc.

PANTHER®

   Canada    176503    06/04/71    Arctic Cat Inc.

PANTHER®

   USA    890813    05/12/70    Arctic Cat Inc.

PROWLER®

   Canada    404557    11/06/92    Arctic Cat Inc.

PROWLER®

   USA    1548214    07/18/89    Arctic Cat Inc.

PUMA®

   Canada    184776    08/11/72    Arctic Cat Inc.

SNO PRO®

   European Community    1752328    02/11/02    Arctic Cat Inc.

SNO PRO®

   USA    2514374    12/04/01    Arctic Cat Inc.

THUNDERCAT®

   Canada    410832    04/09/93    Arctic Cat Inc.

THUNDERCAT®

   USA    1762029    03/30/93    Arctic Cat Inc.

WILDCAT®

   Canada    384243    05/10/91    Arctic Cat Inc.

Z®

   Canada    436104    11/25/94    Arctic Cat Inc.

ZR®

   Canada    422490    05/05/95    Arctic Cat Inc.

ZR®

   USA    1803563    11/09/93    Arctic Cat Inc.


LOGO

   USA    01/10/2012    4083865    MotorFist, LLC

LOGO

   USA    07/26/2011    4003834    MotorFist, LLC

LOGO

   USA    12/28/2010    3897819    MotorFist, LLC

LOGO

   Canada    05/02/2012    TMA823192    MotorFist, LLC

MOTOR FIST

  

Registered

 

[Designated countries: China, European Union, Japan and Norway. Mark refused in Russia*.]

   03/07/2012    1120480    MotorFist, LLC

LOGO

  

Registered

 

[Designated countries: China, European Union, Japan and Norway. Mark refused in Russia.]

   12/07/2009    1024837    MotorFist, LLC

Domain names owned by Arctic Cat Inc.:

arctic-cat.com

arcticcat.com

arcticcatauction.com

arcticcatmiddleofnowhere. com

arcticmiddleofnowhere.com

visitmiddleofnowhere.com

visitthemiddleofnowhere.com

whatsnowmobilingsallabout.com

worldsfastestsnowmobile.com

worldsfastestsnowmobiles.com

driftracing.com


Domain names owned by MotorFist, LLC

MOTORFIST.COM

MOTORFIST.US

MOTOFIST.COM

MOTORFIST.INFO

MOTORFIST.MOBI

MOTORFIST.NET

MOTORFIST.ORG

MOTORFISTCANADA.COM

MTRFIST.COM

SNOMOBILINGISNOTACRIME.COM


3. Borrowers’ copyrights:

 

Copyright

 

Owner

 

Status in Copyright Office

 

Federal

Registration No.

 

Registration Date

American national standard for four wheel, two person tandem all-terrain vehicles   Herman P. Christopherson; Arctic Cat, Inc.; Bombardier Recreational Products, Inc.   Active   TX0006104504   02/27/05
American national standard for four wheel, two person tandem all-terrain vehicles; standard / Created by Herman P. Christopherson   Herman P. Christopherson; Arctic Cat, Inc.; Bombardier Recreational Products, Inc.   Active   V3520 D372 P1   02/27/05
General warning label   Arctic Cat, Inc.; Bombardier Recreational Products, Inc.; Applied Safety and Ergonomics, Inc.   Active   VA0001299029   02/02/05
General warning label & 2 other titles; drawings  

Applied Safety & Ergonomics,

Inc.; Arctic Cat, Inc.; Bombardier Recreational Products, Inc.

  Active   V3520D523P1   02/02/05
Passenger label   Arctic Cat, Inc.; Bombardier Recreational Products, Inc.; Applied Safety and Ergonomics, Inc.   Active   VA0001301470   02/02/05
Rack label   Arctic Cat, Inc.; Bombardier Recreational Products, Inc.   Active   VA0001302456   02/02/05


Copyright

 

Owner

 

Status in Copyright Office

 

Federal

Registration No.

 

Registration Date

Rack label; drawing / Created by Arctic Cat, Inc.   Arctic Cat, Inc.; Bombardier Recreational Products, Inc.   Active   V3520 D524 P1   02/02/05


4. Borrowers’ and Subsidiaries’ licenses (other than routine business licenses, authorizing them to transact business in local jurisdictions):

 

Licensor

 

Description of License

 

Term of License

 

Royalties Payable

Raymond Schoenfelder   Technology license for drive train system for snowmobiles   Until terminated   $3.00 per unit; minimum of $20,000
Bombardier Recreational Products Inc. of Valcourt, Quebéc, Canada   Bombardier/ Suzuki/ Arctic Cat Cross License Agreement for the use of BRP’s 2 stroke engine electronic reverse technology.   Until the expiration of the relevant patents, unless sooner terminated.   None; in exchange for this license, Arctic granted a similar license for certain Arctic technology to Bombardier.
Aisin Seiki Co. Ltd.   License Agreement for the use of Aisin Seiki’s Engines   Until the expiration of the relevant patent   $1.00 per unit.

 

5. Intellectual Property Claims

Bombardier Recreational Products v. Arctic Cat Inc. and Arctic Cat Sales, Court File No. T-2025-11 (Canada)

Bombardier Recreational Products v. Arctic Cat Inc. and Arctic Cat Sales, Court File No. 1:11-cv-08897 (District of Minnesota)


SCHEDULE 9.1.14

ENVIRONMENTAL MATTERS

NONE.


SCHEDULE 9.1.15

RESTRICTIVE AGREEMENTS

NONE


SCHEDULE 9.1.16(a)

LITIGATION

 

1. Bombardier Recreational Products v. Arctic Cat Inc. and Arctic Cat Sales, Court File No. T-2025-11 (Canada)

 

2. Bombardier Recreational Products v. Arctic Cat Inc. and Arctic Cat Sales, Court File No. 1:11-cv-08897 (District of Minnesota)

 

3. Arctic Cat, Inc. et al v. Polaris Industries Inc. et al. Case No. 0:13-cv-03579-JRT-FLN (District of Minnesota)


SCHEDULE 9.1.16(b)

Commercial Tort Claims

 

1. Driveline Systems, LLC v. Arctic Cat Inc., Case No. 08-CV-50154 (N.D.Ill) (USA)

 

2. Arctic Cat Inc. v. Bombardier Recreational Products Inc., Civil File No. 12-CV-02692 (JRT-LIB) (D. Minn) (USA)

 

3. Arctic Cat Inc. v. Bombardier Recreational Products Inc., Court File No. T-2025-11 (Federal Court) (Canada)

 

4. Arctic Cat, Inc. et al v. Polaris Industries Inc. et al. Case No. 0:13-cv-03579-JRT-FLN (District of Minnesota)


SCHEDULE 9.1.18

PENSION PLAN DISCLOSURES

NONE


SCHEDULE 9.1.20

LABOR CONTRACTS

 

1. Borrowers and Subsidiary Obligors are party to the following collective bargaining agreements, management agreements and material consulting agreements:

NONE


SCHEDULE 10.2.1

PERMITTED CONTINGENT OBLIGATIONS

NONE


SCHEDULE 10.2.2

EXISTING LIENS

Lien on machinery and equipment located on real property in Stearns County, Minnesota in favor of the City of St. Cloud, Minnesota.


SCHEDULE 10.2.16

EXISTING AFFILIATE TRANSACTIONS

NONE