Document:

Amended and Restated Intellectual Property Security Agreement

 Exhibit 10.1.7 

AMENDED AND RESTATED INTELLECTUAL PROPERTY SECURITY AGREEMENT dated as of April 28, 2010, made by GRAFTECH
INTERNATIONAL LTD., a Delaware corporation (“GrafTech”), GRAFTECH GLOBAL ENTERPRISES INC., a Delaware corporation (“Global”), GRAFTECH FINANCE INC., a Delaware corporation (“Finance”
and, together with GrafTech Switzerland S.A., the “Borrowers”), and the other subsidiaries of GrafTech from time to time party hereto (together with GrafTech, Global and Finance, the “Grantors”) in favor of JPMORGAN
CHASE BANK, N.A. as collateral agent for the Secured Parties (such term and each other capitalized term used but not defined herein having the meaning given it in the Amended and Restated Credit Agreement dated as of April 28, 2010,
among GrafTech, Global, the Borrowers, the LC Subsidiaries from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent and Issuing Bank (as the same may
be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”)). 
 The Lenders and
the Issuing Banks, respectively, have agreed to make Loans and to issue Letters of Credit pursuant to, and upon the terms and subject to the conditions specified in, the Credit Agreement. 

Each Grantor that is a party to the existing Intellectual Property Security Agreement dated as of February 8, 2005, among GrafTech,
Global, Finance, the grantors from time to time party thereto and JPMorgan Chase Bank, N.A., as collateral agent for the lenders, has agreed to reaffirm and confirm the security interests granted by it and its obligations thereunder and to amend and
restate such existing Intellectual Property Security Agreement in the form hereof. 
 The obligations of the Lenders to make
Loans and of the Issuing Banks to issue Letters of Credit under the Credit Agreement are conditioned upon, among other things, the execution and delivery by the Grantors of an intellectual property security agreement in the form hereof to secure the
due and punctual payment of, with respect to each Grantor, its obligations as obligor or guarantor in respect of the Obligations (as defined below). 

Accordingly, the Grantors and the Collateral Agent, on behalf of itself and each other Secured Party (and each of their successors and
assigns), hereby agree as follows: 

 ARTICLE I 

Definitions 

SECTION 1.01. Definition of Terms Used Herein. All capitalized terms used but not defined herein shall have the meanings assigned
to such terms in the Credit Agreement. 
 SECTION 1.02. Definition of Certain Terms Used Herein. As used herein, the
following terms shall have the following meanings: 
 “Agreement” shall mean this Intellectual Property
Security Agreement. 
 “Collateral” shall mean, with respect to each Grantor, all of the following, whether now
owned or hereafter acquired by such Grantor: (a) Patents, including all granted Patents, recordings and pending applications, including those listed on Schedule I attached hereto, (b) Trademarks, including all registered Trademarks,
registrations, recordings, and pending applications, including those listed on Schedule II attached hereto, (c) Copyrights, including all registered Copyrights, registrations, recordings, supplemental registrations and pending
applications, including those listed on Schedule III attached hereto, (d) Licenses, including those listed on Schedule IV attached hereto, (e) General Intangibles, and (f) all products and Proceeds (including insurance
proceeds) of, and additions, improvements and accessions to, and books and records describing or used in connection with, any and all of the property described above. 

“Copyrights” shall mean, with respect to each Grantor, all of the following now or hereafter owned by such Grantor:
(i) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise, and (ii) all registrations and applications for registration of any such
copyright in the United States or any other country, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office. 

“Copyright License” shall mean, with respect to each Grantor, any written agreement, now or hereafter in effect,
granting any right to any third party under any Copyright now or hereafter owned by such Grantor or which such Grantor otherwise has the right to license, or granting any right to such Grantor under any Copyright now or hereafter owned by any third
party, and all rights of such Grantor under any such agreement. 
 “General Intangibles” shall mean, with
respect to each Grantor, all intangible, intellectual or other similar property of such Grantor of any kind or nature now owned or hereafter acquired by such Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade
secrets, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases, and all embodiments or fixations thereof and related documentation, registrations, franchises, and all
other intellectual or other similar property rights not otherwise described above. 
  

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 “Indemnitees” shall mean the Collateral Agent, the Secured Parties and
their respective officers, directors, trustees, affiliates and controlling persons. 
 “License” shall mean,
with respect to each Grantor, any Patent License, Trademark License, Copyright License or other license or sublicense as to which such Grantor is a party (other than those license agreements which by their terms prohibit assignment or a grant of a
security interest by such Grantor as licensee thereunder). 
 “Obligations” shall mean (a) the due and
punctual payment of (i) the principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in
such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by a Borrower or any Subsidiary under the Credit Agreement in
respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations, including fees, costs,
expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding), of GrafTech, Global, the Borrowers and the Subsidiaries under the Credit Agreement and the other Loan Documents, (b) the due and punctual performance of all covenants, agreements, obligations and
liabilities of GrafTech, Global, the Borrowers and the Subsidiaries under or pursuant to the Credit Agreement and the other Loan Documents, (c) unless otherwise agreed upon in writing by the applicable Lender party thereto, the due and punctual
payment and performance of all obligations of GrafTech, Global, the Borrowers and the Subsidiaries, monetary or otherwise, under each Interest/Exchange Rate Protection Agreement and each Commodity Rate Protection Agreement entered into with any
counterparty that (i) is or was a Lender (or an Affiliate thereof) at the time such Interest/Exchange Rate Protection Agreement or Commodity Rate Protection Agreement was entered into or (ii)(A) was a “Lender” as defined in the
Existing Credit Agreement (or an Affiliate thereof) at the time such Interest/Exchange Rate Protection Agreement or Commodity Rate Protection Agreement was entered into and (B) was one of the initial Lenders under the Credit Agreement (or an
Affiliate thereof), (d) all obligations of GrafTech, Global, Finance and the Subsidiaries under the Guarantee Agreements and (e) unless otherwise agreed upon in writing by the applicable Lender party thereto, the due and punctual payment
and performance of the obligations of GrafTech, Global, the Borrowers and the Subsidiaries, monetary or otherwise, under each Cash Management Arrangement entered into with (i) any person that is or was a Lender (or an Affiliate thereof) at the
time such Cash Management Arrangement was entered into or (ii) in the case of any Cash Management Arrangement in effect on the Effective Date, any person that was a Lender under the Credit Agreement on the Effective Date (or an Affiliate
thereof). 
 “Patent License” shall mean, with respect to each Grantor, any written agreement, now or hereafter
in effect, granting to any third party any right to make, use or sell any invention on which a Patent, now or hereafter owned by such Grantor or 

 

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which such Grantor otherwise has the right to license, is in existence, or granting to such Grantor any right to make, use or sell any invention on which a Patent, now or hereafter owned by any
third party, is in existence, and all rights of such Grantor under any such agreement. 
 “Patents” shall mean,
with respect to each Grantor, all the following now or hereafter owned by such Grantor: (a) all letters patent of the United States or any other country, including patents, design patents or utility models, all registrations and recordings
thereof, and all applications for letters patent of the United States or any other country, including registrations, recordings and pending applications in the United States Patent and Trademark Office or any similar offices in any other country,
and (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein. 

“Proceeds” shall mean, with respect to each Grantor, any consideration received from the sale, exchange, license, lease
or other disposition of any asset or property that constitutes Collateral owned by such Grantor, any value received as a consequence of the possession of any such Collateral and any payment received from any insurer or other person or entity as a
result of the destruction, loss, theft or other involuntary conversion of whatever nature of any asset or property that constitutes such Collateral, any claim of such Grantor against third parties for (and the right to sue and recover for and the
rights to damages or profits due or accrued arising out of or in connection with) (a) past, present or future infringement of any Patent now or hereafter owned by such Grantor or licensed to such Grantor under a Patent License, (b) past,
present or future infringement or dilution of any Trademark now or hereafter owned by such Grantor or licensed to such Grantor under a Trademark License or injury to the goodwill associated with or symbolized by any Trademark now or hereafter owned
by such Grantor, (c) past, present or future breach of any License, (d) past, present or future infringement of any Copyright now or hereafter owned by such Grantor or licensed to such Grantor under a Copyright License, and (e) any
and all other amounts from time to time paid or payable under or in connection with any of such Collateral. 

“Trademark License” shall mean, with respect to each Grantor, any written agreement, now or hereafter in effect,
granting to any third party any right to use any Trademark now or hereafter owned by such Grantor or that such Grantor otherwise has the right to license, or granting to such Grantor any right to use any Trademark now or hereafter owned by any third
party, and all rights of such Grantor under any such agreement. 
 “Trademarks” shall mean, with respect to
each Grantor, all of the following now or hereafter owned by such Grantor: (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, prints and labels on which any of the foregoing have appeared or appear, and all 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, recordings and applications in the United States Patent 

 

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and Trademark Office, any State of the United States or any similar offices in any other country or any political subdivision thereof, and all extensions or renewals thereof, and (b) all
goodwill associated therewith or symbolized thereby, and (c) all other assets, rights and interests that uniquely reflect or embody such goodwill. 

SECTION 1.03. Rules of Interpretation. The rules of interpretation specified in Section 1.03 of the Credit Agreement shall be
applicable to this Agreement. 
 ARTICLE II 

Security Interest 

SECTION 2.01. Security Interest. As security for the payment or performance, as the case may be, of the Obligations, each Grantor
hereby creates, mortgages, pledges, hypothecates and transfers to the Collateral Agent, its successors and assigns, for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the
ratable benefit of the Secured Parties, a continuing first priority security interest in all such Grantors’ right, title and interest in, to and under the Collateral (except for Liens expressly permitted by the Credit Agreement or hereby and
any liens or licenses listed on Schedule V attached hereto) (the “Security Interest”). Without limiting the foregoing, the Collateral Agent is hereby authorized to file one or more financing statements, continuation statements,
filings with the United States Patent and Trademark Office or United States Copyright Office (or similar office in any other country), or any other documents for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security
Interest granted by such Grantor, without the signature of such Grantor, naming such Grantor as debtor and the Collateral Agent as secured party. 

Notwithstanding any other provision of this Agreement to the contrary, the Collateral shall not include any License which by its terms or
the terms governing it prohibits assignment thereof or the grant of a security interest therein; provided that such term or terms are typical or customary in connection with the document or instrument to which they relate. 

Each Grantor agrees at all times to keep accurate and complete, in all material respects, accounting records with respect to the
Collateral and, on and after the occurrence and during the continuance of a Default, a record of all payments and Proceeds received in respect thereof. 

SECTION 2.02. Further Assurances. Each Grantor agrees, at its own cost and expense, to promptly execute, acknowledge, deliver and
cause to be duly filed all such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request for the better assuring, preserving and perfecting of the Security Interest and the rights
and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest created hereby, the filing of any

  

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financing statements or other documents (including filings with the United States Patent and Trademark Office and the United States Copyright Office or similar offices in any other country) in
connection herewith, and the execution and delivery of any document required to supplement this Agreement with respect to any Patents, Trademarks and/or Copyrights applied for, acquired, registered (or for which registration applications are filed)
or issued after the date hereof. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note or other instrument, upon the request of the Collateral Agent, such note or instrument shall
(to the extent not previously pledged and delivered pursuant to the Pledge Agreements) be immediately pledged and delivered to the Collateral Agent, duly endorsed in a manner satisfactory to the Collateral Agent. Each Grantor agrees promptly to
notify the Collateral Agent if any material portion of the Collateral is canceled or overturned, opposed, misappropriated, injured, infringed, lost (other than due to expiration of any issued Patent) or, if applicable, diluted. 

SECTION 2.03. Inspection and Verification. Without limiting the scope of Section 6.07 of the Credit Agreement, the Collateral
Agent and such representatives as the Collateral Agent may reasonably designate shall have the right to inspect, at any reasonable times or times, any of the Collateral, all records related thereto (and to make extracts and copies from such records)
and the premises upon which any of the Collateral is located, to discuss any Grantor’s affairs with the officers of such Grantor and its independent accountants and to verify under reasonable procedures the validity, amount, quality, quantity,
value, conditions, and status of or any other matter relating to such Collateral, including, in the case of Collateral in the possession of any third party (with, except after an Event of Default shall have occurred and during the continuance
thereof, the consent of such Grantor, which consent shall not be unreasonably withheld), by contacting such person possessing such Collateral for the purpose of making such a verification. The Collateral Agent shall have the absolute right to share
any information it gains from such inspection or verification with any or all of the Secured Parties. 
 SECTION 2.04. Taxes;
Encumbrances. At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, liens, security interests or other encumbrances at any time levied or placed on any of the Collateral and not permitted under this
Agreement or other Loan Documents, and may pay for the maintenance and preservation of any of the Collateral to the extent any Grantor fails to do so to the extent required by this Agreement or the other Loan Documents, and such Grantor agrees to
reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 2.04 shall be interpreted as
excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any other Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens,
security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents. 
 SECTION 2.05.
No Assumption of Liability. The Security Interest is granted as security only and shall not subject any Secured Party to, or in any way alter or 

 

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modify, any obligation or liability of any Grantor with respect to or arising out of any of the Collateral. 

ARTICLE III 

Representations and Warranties 

Representations and Warranties. Each Grantor represents and warrants, as to itself and the Collateral in which the Security
Interest is created by it hereunder, that: 
 SECTION 3.01. Validity of Patents, Trademarks and Copyrights. Each of the
Patents, Trademarks and Copyrights is subsisting and has not been adjudged invalid or unenforceable, in whole or in part, except as could not reasonably be expected to have a Material Adverse Effect. 

SECTION 3.02. Title and Authority. Each Grantor has rights in and good title to the Collateral shown on the schedules hereto as
being owned by it and has full corporate power and authority to grant to the Collateral Agent (for the ratable benefit of the Secured Parties) the Security Interest in the Collateral pursuant hereto and to execute, deliver and perform its
obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval that has been obtained, except, in each case, as could not reasonably be expected to have a Material
Adverse Effect. 
 SECTION 3.03. Filings. (a) Fully executed financing statements containing a description of the
Collateral shall promptly following the Closing Date be filed of record in every governmental, municipal or other office in every jurisdiction located within the United States and its respective territories and possessions or such other analogous
documents in other countries, in each case on a basis consistent with practices under this Agreement prior to the date hereof, as are necessary to publish notice of and protect the validity of and to establish a valid and perfected security interest
in favor of the Collateral Agent (for the ratable benefit of the Secured Parties) in respect of the Collateral in which a security interest may be perfected by filing a financing statement or analogous document in the United States and its political
subdivisions, territories and possessions pursuant to the Uniform Commercial Code or other applicable law in such jurisdictions or pursuant to applicable law in other countries, and no further or subsequent filing, refiling, recording, rerecording,
registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements or other documents of similar effect, except as contemplated by paragraph (b)
below and except for filings with respect to after-acquired or after-developed Collateral, with respect to which all necessary actions will be promptly taken subsequent to the acquisition of such after-acquired or after-developed Collateral.

 (b) Each Grantor shall ensure and warrants that fully executed security agreements in the form hereof and containing a
description of the Collateral shall have 
  

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been received and recorded within three months after the execution of this Agreement with respect to United States Patents and United States registered Trademarks (and Trademarks for which United
States registration applications are pending) and within one month after the execution of this Agreement with respect to United States registered Copyrights by the United States Patent and Trademark Office and the United States Copyright Office
pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, and otherwise as may be required pursuant to the laws of any other country or any political subdivision
thereof, to protect the validity and first priority of and to perfect a valid first priority security interest (except for Liens expressly permitted by the Credit Agreement or hereby and any liens or licenses listed on Schedule V attached
hereto) in favor of the Collateral Agent (for the ratable benefit of the Secured Parties) in respect of the Collateral in which a security interest may be perfected by filing in the United States and its political subdivisions, territories and
possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements
and except for such actions as are necessary to perfect the Collateral Agent’s first priority security interest with respect to any Collateral (or registration or application for registration thereof) acquired or developed after the date
hereof. 
 SECTION 3.04. Validity of Security Interests. This Agreement is effective to create in favor of the Collateral
Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral, and, when financing statements in appropriate form are filed in the offices specified on Schedule VI hereto and this
Agreement is filed in the United States Patent and Trademark Office and the United States Copyright Office, this Agreement will constitute a duly perfected Lien on, and security interest in, all right, title and interest of the Grantors in such
Collateral and, to the extent contemplated therein and subject to § 9-315(c) of the UCC, the proceeds thereof, in each case prior and superior in right to any other person (it being understood that subsequent recordings in the United
States Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a lien on registered trademarks, trademark applications and copyrights acquired or developed by the Grantors after the date hereof), other than
with respect to the rights of persons pursuant to Liens expressly permitted by the Credit Agreement or hereby and any liens or licenses listed on Schedule V attached hereto). 

SECTION 3.05. Information Regarding Names and Locations. Each Grantor has disclosed in writing to the Collateral Agent on
Schedule IV attached hereto any material trade names used to identify it in its business or in the ownership of its properties during the past five years. 

SECTION 3.06. Absence of Other Liens. The Collateral is owned by the Grantors free and clear of any Lien of any nature whatsoever
(except for Liens expressly permitted by the Credit Agreement or hereby and any liens or licenses listed on Schedule V attached hereto). Other than as contemplated hereby and by the other Loan Documents, and except as permitted therein, the
Grantors have not in respect of the collateral filed (a) any financing statement or analogous document under the Uniform 
  

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Commercial Code, (b) any collateral assignment in which any Grantor assigns the Collateral or any security agreement or any similar instrument covering any Collateral with the United States
Patent and Trademark Office, the United States Copyright Office or any similar office in any other country or political subdivision thereof or (c) any collateral assignment in which any Grantor assigns the Collateral or any security agreement
or similar instrument covering any Collateral with any foreign governmental, municipal or other office. 
 ARTICLE IV 

Covenants 

SECTION 4.01. Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Each Grantor (either itself or through
licensees) will, for each Patent, not do any act, or omit to do any act, whereby any Patent that is material to the conduct of the Grantors’ businesses, taken as a whole, may become invalidated or dedicated to the public. 

(b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each Trademark material to the conduct of the
Grantors’ businesses, taken as a whole, to the extent consistent with past practices and good business judgment, (i) maintain such Trademark in full force free from any material claim of abandonment or invalidity for nonuse,
(ii) maintain the quality of products and services offered under such Trademark to the extent that the failure to do so would result in a Material Adverse Effect, (iii) display such Trademark with notice of federal or foreign registration
to the extent necessary and sufficient to establish and preserve such Grantor’s material rights under applicable law and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any material third-party rights.

 (c) Each Grantor (either itself or through licensees) will, for each work covered by a material Copyright, to the extent
consistent with past practices and good business judgment, continue to publish, reproduce, display, adopt and distribute the work with appropriate copyright notice as necessary and sufficient to establish and preserve such Grantor’s material
rights under applicable copyright laws. 
 (d) Each Grantor shall notify the Collateral Agent immediately if it knows or has
reason to know that any Patent, Trademark or Copyright material to the conduct of the Grantors’ businesses, taken as a whole, may become abandoned, lost or dedicated to the public, or of any adverse determination or development (including the
institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, United States Copyright Office or any court or similar office of any country) regarding such Grantor’s ownership of
any such Patent, Trademark or Copyright, its right to register the same, or to keep and maintain the same. 
 (e) In no event
shall any Grantor, either itself or through any agent, employee, licensee or designee, file an application for any Patent, Trademark or 

 

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Copyright (or for the registration of any Trademark or Copyright) with the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political
subdivision of the United States or in any other country or any political subdivision thereof, unless it promptly informs the Collateral Agent, and, upon request of the Collateral Agent, executes and delivers any and all agreements, instruments,
documents and papers as the Collateral Agent may reasonably request to evidence (and, in the case of applications for Trademarks with the United States Patent and Trademark Office, perfect) the Collateral Agent’s security interest in such
Patent, Trademark or Copyright of such Grantor and the goodwill and general intangibles of such Grantor relating thereto or represented thereby, and such Grantor hereby appoints the Collateral Agent as its attorney-in-fact to execute and file such
writings for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed; such power, being coupled with an interest, is irrevocable until the Obligations are paid in full. 

(f) Each Grantor will take all necessary steps that are consistent with the practice in any proceeding before the United States Patent
and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States or in any other country or any political subdivision thereof, to maintain and pursue each material application (and to
obtain the relevant grant or registration) relating to the Patents, Trademarks and/or Copyrights which are material to the Grantors’ businesses, taken as a whole, to maintain each issued Patent and each registration of the Trademarks and
Copyrights that is material to the conduct of the Grantors’ businesses, taken as a whole, including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if
consistent with good business judgment, to initiate opposition, interference and cancelation proceedings against third parties. 

(g) In the event that any Collateral consisting of a Patent, Trademark or Copyright material to the conduct of the Grantors’
businesses, taken as a whole, is believed by the Grantor that has created the Security Interest in such Collateral pursuant hereto to have been infringed, misappropriated or diluted by a third party in any material respect, such Grantor shall notify
the Collateral Agent promptly after it learns thereof and shall, if consistent with good business judgment, promptly sue for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or
dilution, and take such other actions as are appropriate under the circumstances to protect such Collateral. 
 SECTION 4.02.
Protection of Security. Each Grantor shall, at its own cost and expense, take any and all reasonable actions necessary to defend title to the Collateral against all persons, to properly maintain, protect and preserve the Collateral and to
defend the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not permitted under the Credit Agreement or this Agreement, in each case except as otherwise permitted by the Credit Agreement or this
Agreement. 
 SECTION 4.03. Continuing Obligations of the Grantors. Each Grantor shall remain liable to observe and
perform all the conditions and obligations to be 
  

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observed and performed by it under each License, contract, agreement, interest or obligation relating to the Collateral, all in accordance with the terms and conditions thereof, to the extent
consistent with good business practice. Without limiting the foregoing, the Collateral Agent shall have no obligation or liability under any License by reason of or arising out of this Agreement or the granting or the assignment to the Collateral
Agent of the Security Interest or the receipt by the Collateral Agent of any payment related to any License pursuant hereto, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any
Grantor under or pursuant to any License, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any License, or to present or file
any claim, or to take any action to collect or enforce any performance or the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times. 

SECTION 4.04. Use and Disposition of Collateral. A Grantor shall not (i) make or permit to be made an assignment,
pledge or hypothecation of the Collateral, and shall grant no other security interest in the Collateral (except for Liens expressly permitted by the Credit Agreement or hereby and any liens or licenses listed on Schedule V attached hereto) or
(ii) make or permit to be made any transfer of the Collateral, and shall remain at all times in possession thereof, other than transfers to the Collateral Agent pursuant to the provisions hereof; notwithstanding the foregoing, a Grantor may use
and dispose of the Collateral in any lawful manner permitted by the provisions of this Agreement, the Credit Agreement or any other Loan Document, unless the Collateral Agent shall, after an Event of Default shall have occurred and during the
continuance thereof, notify Finance not to sell, convey, lease, assign, transfer or otherwise dispose of any Collateral except with respect to any transfer between Finance or a Wholly Owned Subsidiary that is a Grantor and Finance or a Wholly Owned
Subsidiary that is a Grantor. 
 SECTION 4.05. Locations of Collateral; Place of Business. (a) Each Grantor agrees,
at such time or times as the Collateral Agent may reasonably request, promptly to prepare and deliver to the Collateral Agent a duly certified schedule or schedules in form reasonably satisfactory to the Collateral Agent, showing the identity,
amount and location (to the extent practicable) of any and all Collateral. 
 (b) Each Grantor agrees not to change, or permit
to be changed, its jurisdiction of organization or its name or the names used to identify it in its business or in the ownership of its properties unless all filings under the Uniform Commercial Code or under other applicable laws that are required
to be made with respect to the Collateral have been made and the Collateral Agent, for the ratable benefit of the Secured Parties, has a valid, legal and perfected first priority security interest in the Collateral, (except for Liens expressly
permitted by the Credit Agreement or hereby and any liens or licenses listed on Schedule V attached hereto) or hereby and any liens or licenses listed on Schedule V attached hereto, and prior notice thereof has been given to the Collateral
Agent along with copies of all such filings. 
  

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 SECTION 4.06. Future Rights. (a) If, before the time that all Obligations shall
have been paid in full, no Letters of Credit are outstanding and the Secured Parties no longer have Commitments under the Credit Agreement, any Grantor shall obtain rights to any material asset or item that may be considered Collateral, the
provisions of Section 2.01 shall automatically apply thereto and each Grantor shall give to the Collateral Agent prompt notice thereof in writing. 

(b) With respect to any such material asset or item that may be considered Collateral as set forth in paragraph (a) above, each
Grantor shall follow the procedures set forth in Section 3.03, as applicable, to ensure that the Collateral Agent’s valid first priority security interest therein is perfected (except for Liens expressly permitted by the Credit Agreement
or hereby and any liens or licenses listed on Schedule V attached hereto). 
 SECTION 4.07. Assignment of Licenses.
Upon and during the continuance of an Event of Default and at the reasonable request of the Collateral Agent, each Grantor shall use its reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License,
Patent License or Trademark License to effect the assignment of all of the Grantors’ rights, title and interest thereunder to the Collateral Agent or its designee. 

SECTION 4.08. Collateral Agent’s Liabilities and Expenses; Indemnification. (a) Notwithstanding anything to the contrary
provided herein, the Collateral Agent assumes no liabilities with respect to any claims regarding each Grantor’s ownership (or purported ownership) of, or rights or obligations (or purported rights or obligations) arising from, the Collateral
or any use (or actual or alleged misuse), license or sublicense thereof by any Grantor or any licensee of such Grantor, whether arising out of any past, current or future event, circumstance, act or omission or otherwise, or any claim, suit, loss,
damage, expense or liability of any kind or nature arising out of or in connection with the Collateral or the production, marketing, delivery, sale or provision of goods or services under or in connection with any of the Collateral. As between the
Secured Parties and the Grantors, all of such liabilities shall be borne exclusively by the Grantors. 
 (b) Each Grantor hereby
agrees to pay all expenses of the Collateral Agent and to indemnify the Collateral Agent with respect to any and all losses, claims, damages, liabilities and related expenses in respect of this Agreement or the Collateral, in each case to the extent
the Borrowers are required to do so pursuant to Section 10.03 of the Credit Agreement. 
 (c) Any amounts payable as
provided hereunder shall be additional Obligations secured hereby and by the other Security Documents. Without prejudice to the survival of any other agreements contained herein, all indemnification and reimbursement obligations contained herein
shall survive the payment in full of the principal and interest under the Credit Agreement, the expiration of the Letters of Credit and the termination of the Commitments or this Agreement. 

 

 12 

 ARTICLE V 

Remedies 

SECTION 5.01. Power of Attorney. Upon the occurrence and during the continuance of any Event of Default, subject to prior written
notice to Finance, the Collateral Agent shall have the right, as the true and lawful attorney-in-fact of the Grantors, with power of substitution for the Grantors and in the Grantors’ names, the Collateral Agent’s name or otherwise, for
the use and benefit of the Secured Parties: (a) upon prior notice from the Collateral Agent, to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the
Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to sign the name of any Grantor on any invoice relating to any of the
Collateral; (d) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect
of any Collateral; (e) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to or pertaining to all or any of the Collateral; (f) to license or, to the extent permitted by any applicable law,
sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any of the Collateral throughout the world for such term or terms, on such conditions, and in such manner, as the Collateral Agent shall determine
(other than in violation of any then existing licensing arrangements to the extent that waivers or other adequate provision cannot be secured therefor); and (g) generally to use, sell, assign, transfer, pledge, make any agreement with respect
to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for
all purposes; provided, however, that except as provided for by law or the Uniform Commercial Code as in effect in the State of New York or its equivalent in other jurisdictions, nothing herein contained shall be construed as requiring
or obligating the Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the
Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby, and no action taken by the Collateral Agent or omitted to be taken with respect to the Collateral or any part thereof shall give
rise to any defense, counterclaim or offset in favor of any Grantor or to any claim or action against the Collateral Agent. It is understood and agreed that the appointment of the Collateral Agent as the attorney-in-fact of the Grantors for the
purposes set forth above in this Section 5.01 is coupled with an interest and is irrevocable. The provisions of this Section 5.01 shall in no event relieve the Grantors of any of their obligations hereunder or under the Credit Agreement or
any other Loan Document with respect to the Collateral or any part thereof or impose any obligation on the Collateral Agent or the Secured Parties to proceed in any particular manner with respect to the Collateral or any part thereof, or in any way
limit the exercise by the Collateral Agent or any Secured Party of any other or further right that it may have on the date of this Agreement or hereafter, whether hereunder or by law or by the Security Agreement, or otherwise. 

 

 13 

 SECTION 5.02. Other Remedies upon Default. Upon the occurrence and during the
continuance of an Event of Default, each Grantor expressly agrees that, subject to prior written notice to Finance, the Collateral Agent on demand shall have the right to take any or all of the following actions at the same or different
times: with or without legal process and with or without previous notice or demand for performance, to take possession of all tangible manifestations or embodiments of the Collateral and documentation relating thereto and all business records,
documents, files, prints and labels with respect to the Collateral, and without liability for trespass to enter any premises where such tangible manifestations or embodiments, business records, documents, files, prints and labels with respect to the
Collateral may be located for the purpose of taking possession of or removing such tangible manifestations or embodiments, business records, documents, files, prints and labels with respect to the Collateral, and, generally, to exercise any and all
rights afforded to a secured party under the Uniform Commercial Code or other law applicable to any part of the Collateral. Subject to and without limiting the generality of the foregoing, each Grantor agrees that the Collateral Agent shall have the
right, subject to the mandatory requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral, at public or private sale or at any broker’s board or on any exchange, for cash, upon credit or for future
delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the
property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal that such Grantor now has or may at any time in the
future have under any rule of law or statute now existing or hereafter enacted. 
 The Collateral Agent shall give the Grantors
at least 10 days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the Uniform Commercial Code as in effect in the State of New York or its equivalent in other jurisdictions) of the
Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on an exchange, shall state the board or
exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and
at such place or places as the Collateral Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral
Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have
been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further
notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale
price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall 
  

 14 

 
not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon
like notice to the Grantors. At any public sale made pursuant to this Section 5.02, the Collateral Agent or any Secured Party may bid for or purchase, free from any right of redemption, stay, valuation or appraisal on the part of any Grantor
(all said rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to the Collateral Agent or
any Secured Party from any Grantor as a credit against the purchase price, and the Collateral Agent or any Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to such
Grantor therefor. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof
pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. 

SECTION 5.03. Application of Proceeds of Sale. The proceeds of any sale of Collateral, as well as any Collateral consisting of
cash, shall be applied by the Collateral Agent as follows: 
 First, to the payment of all costs and
expenses incurred by the Administrative Agent or the Collateral Agent (in its capacity as such hereunder or under any other Loan Document) in connection with such collection or sale or otherwise in connection with this Agreement or any of the
Obligations, including all reasonable court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent hereunder or under any other Loan Document on behalf of any Grantor
and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document; 

Second, to the payment of all amounts of the Obligations owed to the Secured Parties in respect of Loans made by
them and outstanding and amounts owing in respect of any LC Disbursement or Letter of Credit or under any Cash Management Arrangement, Commodity Rate Protection Agreement or Interest/Exchange Rate Protection Agreement, pro rata as among the Secured
Parties in accordance with the amount of such Obligations owed them; 
 Third, to the payment and
discharge in full of the Obligations (other than those referred to above), pro rata as among the Secured Parties in accordance with the amount of such Obligations owed to them; and 

Fourth, after payment in full of all Obligations, to the applicable Grantor, or its successor or assign thereof,
or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct, any Collateral then remaining. 
  

 15 

 The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds,
moneys or balances in accordance with this Agreement. Upon any sale of the Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the
officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the
Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 
 SECTION 5.04. Grant of
License to Use Patent, Trademark and Copyright Collateral. For the purpose of enabling the Collateral Agent to exercise rights and remedies under this Article V at such time as the Collateral Agent shall be lawfully entitled to exercise
such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use, license or sublicense any of the Collateral now
owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored. The use of such license by the Collateral
Agent shall be exercised, at the option of the Collateral Agent for any purpose appropriate in connection with the exercise of remedies hereunder, only upon the occurrence and during the continuance of an Event of Default; provided that any
license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon such Grantor notwithstanding any subsequent cure of an Event of Default. The Collateral Agent agrees to apply the net proceeds
received from any license as provided in Section 5.03. 
 ARTICLE VI 

Miscellaneous 

SECTION 6.01. Notices. Notices and other communications provided for herein shall be given (i) in the case of communications
and notices to GrafTech, Global, Finance or any Secured Party, as provided in the Credit Agreement and (ii) in the case of communications and notices to any other Grantor, as provided in the Guarantee Agreement. 

SECTION 6.02. Successors and Assigns. (a) Whenever in this Agreement any of the parties hereto is referred to, such reference
shall be deemed to include the permitted successors and assigns of such party, and the terms “Lender”, “Issuing Bank” and “Secured Party” shall include each permitted successor and assignee of any Lender, Issuing Bank
or Secured Party permitted under Section 10.04 of the Credit Agreement and all covenants, promises and agreements by or on behalf of the Grantors or the Collateral Agent or that are contained in this Agreement shall bind and inure to the
benefit of their respective permitted successors and permitted assigns referred to above. 
  

 16 

 (b) No Grantor shall assign or delegate any of its rights and duties hereunder. 

SECTION 6.03. APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, EXCEPT TO THE EXTENT THAT FEDERAL LAW OR LAWS OF ANOTHER STATE OR FOREIGN JURISDICTION MAY APPLY TO PATENTS, TRADEMARKS, COPYRIGHTS, OTHER COLLATERAL OR REMEDIES. 

SECTION 6.04. Waivers; Amendment. (a) No failure or delay of the Collateral Agent in exercising any power or right hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other right or power. The rights and remedies of the
Collateral Agent hereunder and of other Secured Parties under the Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provisions of this Agreement or any other Loan Document
or consent to any departure by any Grantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose
for which given. No notice to or demand on any Grantor in any case shall entitle such Grantor to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into between any Grantor and the Collateral Agent, with the prior written consent of the Required Lenders or without such consent if so provided in the Credit Agreement; provided, however, that except as provided herein
or in the other Loan Documents, no such agreement shall amend, modify, waive or otherwise affect the rights or duties of the Collateral Agent hereunder without the prior written consent of the Collateral Agent. 

SECTION 6.05. Security Interest Absolute. All rights of the Collateral Agent hereunder, the security interests granted hereunder
and all obligations of the Grantors hereunder shall be absolute and unconditional. 
 SECTION 6.06. Survival of
Agreement. All covenants, agreements, representations and warranties made by any Grantor herein and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall
be considered to have been relied upon by the Secured Parties and shall survive the making by the Lenders of the Loans, the execution and delivery to the Lenders of the Loan Documents and the issuance by the Issuing Bank of the Letters of Credit,
regardless of any investigation made by the Secured Parties or on their behalf, and shall continue in full force and effect so long as the principal of or any accrued interest on any Loan or L/C Disbursement or any fee or any other amount payable
under or in respect of this Agreement or any other Loan Document is outstanding and unpaid and so long as the Commitments have not been terminated. 
  

 17 

 SECTION 6.07. Binding Effect. This Agreement shall become effective as to any Grantor
when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the Collateral Agent. 
 SECTION 6.08.
Termination; Release. (a) This Agreement and the security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full, the Commitments have been terminated and no Letters of Credit are
outstanding. 
 (b) Notwithstanding anything herein to the contrary, if all the obligations in respect of any Cash Management
Arrangement, Commodity Rate Protection Agreement or Interest/Exchange Rate Protection Agreement, if any, have been secured on a ratable basis with the obligations under a refinancing or replacement of the Credit Agreement, then this Agreement and
the security interest created hereunder shall terminate when all the obligations under the Credit Agreement have been fully and indefeasibly paid and when the Secured Parties have no further Commitments under the Credit Agreement and no Letters of
Credit are outstanding. 
 (c) Each Grantor (other than GrafTech, Global, Finance and GrafTech International Holdings Inc.)
shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of such Grantor shall be automatically released in the event that a portion of the Capital Stock of such Grantor shall be sold, transferred or
otherwise disposed of to a person that is not an Affiliate of GrafTech in a transaction permitted pursuant to Section 7.05 of the Credit Agreement that will result in such Grantor ceasing to be a Subsidiary after giving effect to such
disposition. Any Collateral granted hereunder shall be released (automatically and without further action on the part of the Collateral Agent) upon the sale, transfer or other disposition of such Collateral to a transferee who is not a
“Grantor” hereunder, to the extent that such sale, transfer or other disposition is permitted under the Credit Agreement. 

(d) In connection with any termination or release pursuant to paragraphs (a), (b) or (c) above, the Collateral Agent shall
execute and deliver to each Grantor, at such Grantor’s expense, all Uniform Commercial Code termination statements, documents in order to terminate any United States Patent and Trademark Office filings and similar documents that such Grantor
shall reasonably request to evidence such termination or release. Any execution and delivery of termination statements or documents pursuant to this Section 6.08 shall be without recourse to or warranty by the Collateral Agent. 

SECTION 6.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS 
  

 18 

 
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.09. 

SECTION 6.10. Severability. In the event any one or more of the provisions contained in this Agreement or in any other Loan
Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby (it being understood
that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 6.11. Jurisdiction; Consent to Service of Process. (a) Each Grantor hereby irrevocably and unconditionally submits,
for itself and its property, to the nonexclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of
or relating to this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding
may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any Loan Party or Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or
the other Loan Documents against any Grantor or any Secured Party or its properties in the courts of any jurisdiction. 
 (b)
Each Grantor and each Secured Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding
arising out of or relating to this Agreement or the other Loan Documents in any New York State or Federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to
the maintenance of such action or proceeding in any such court. 
 (c) Each party to this Agreement irrevocably consents to
service of process by mail at the address provided for notices in Section 6.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

 

 19 

 SECTION 6.12. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original, but all of which, when taken together shall constitute but one instrument, and shall become effective as provided in Section 6.07. 

SECTION 6.13. Headings. Article and Section headings used herein are for convenience of reference only, are not part of this
Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 6.14. Additional Grantors. Pursuant to Section 6.11 of the Credit Agreement (and the requirement thereunder that all
actions be taken in order to cause the Collateral and Guarantee Requirement to be satisfied at all times), certain Subsidiaries are required to enter into this Agreement as a Grantor upon the occurrence of certain events. Upon execution and
delivery, after the date hereof, by the Collateral Agent and such Subsidiary of an instrument in the form of Annex I, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor hereunder.
The execution and delivery of any such instrument shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a
party to this Agreement. 
 [Remainder of Page Intentionally Left Blank] 

 

 20 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written. 
  

							
	 GRAFTECH INTERNATIONAL LTD.,

			
		 	By	 	
		 		 	 /s/ Mark R. Widmar

		 		 	Name:	 	Mark R. Widmar
		 		 	Title: 	 	 Vice President and Chief

Financial Officer

	
	GRAFTECH GLOBAL ENTERPRISES INC.,
				
		 	By	 		 	
		 		 	 /s/ Mark R. Widmar

		 		 	Name:	 	Mark R. Widmar
		 		 	Title:	 	 Vice President and Chief

Financial Officer

	
	GRAFTECH FINANCE INC.,
				
		 	By	 		 	
		 		 	 /s/ Mark R. Widmar

		 		 	Name:	 	Mark R. Widmar
		 		 	Title:	 	 Vice President and Chief

Financial Officer

	
	EACH OF THE GRANTOR SUBSIDIARIES LISTED ON SCHEDULE VII HERETO,
				
		 	By	 		 	
		 		 	 /s/ John D. Moran

		 		 	Name:	 	John D. Moran
		 		 	Title:	 	Attorney-in-Fact
	
	 JPMORGAN CHASE BANK, N.A., as

Collateral Agent,

				
		 	 By
	 		 	
		 		 	 /s/ Jennifer Heard

		 		 	Name:	 	Jennifer Heard
		 		 	Title:	 	Vice President

[SIGNATURE PAGE TO INTELLECTUAL PROPERTY
SECURITY AGREEMENT] 

 SCHEDULE I 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

PATENTS OWNED BY [NAME OF GRANTOR] 

[Make a separate Schedule I for each Grantor and if no patents owned so state. List in numerical order by Patent No./Patent Application No.]

 U.S. Patent Grants 
  

			
	 Issue Date
	 	 Patent Numbers

U.S. Patent Applications 
  

			
	 Filing Date
	 	 Patent Application No.

Non-U.S. Patent Grants 

[List in alphabetical order by country/numerical order by Patent No.] 

 

					
	 Country
	 	 Issue Date
	 	 Patent No.

Non-U.S. Patent Applications 

[List in alphabetical order by country/numerical order by Application No.] 

 

					
	 Country
	 	 Filing Date
	 	 Patent Application No.

 SCHEDULE II 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

TRADEMARK/TRADE NAMES OWNED BY [NAME OF GRANTOR] 

[Make a separate Schedule II for each Grantor and if no trademark/trade names owned so 

state. List in numerical order by trademark grant/application no.] 

U.S. Trademark Registrations 
  

					
	 Mark
	 	 Reg. Date
	 	 Reg. No.

U.S. Trademark Applications 
  

					
	 Mark
	 	 Filing Date
	 	 Application No.

State Trademark Registrations 

[List in alphabetical order by State/numerical order by trademark no.] 

 

							
	 State
	 	 Mark
	 	 Reg. Date
	 	 Reg. No.

State Trademark Applications 

[List in alphabetical order by State/numerical order by trademark no.] 

 

							
	 State
	 	 Mark
	 	 Filing Date
	 	 Application No.

Non-U.S. Trademark Registrations 

[List in alphabetical order by country/numerical order by trademark no.] 

 

							
	 Country
	 	 Mark
	 	 Reg. Date
	 	 Reg. No.

 Non-U.S. Trademark Applications 

[List in alphabetical order by country/numerical order by application no.] 

 

							
	 Country
	 	 Mark
	 	 Application Date
	 	 Application No.

Trade Names 
  

			
	 Country(s) Where Used
	 	 Trade Names

 

 2 

 SCHEDULE III 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

COPYRIGHTS OWNED BY [NAME OF GRANTOR] 

[Make a separate Schedule III for each Grantor and if no copyrights owned so state.] 

U.S. Copyright Registrations 

[List in numerical order by Registration No.] 
  

							
	 Title
	 	 Date Pub.
	 	 Author
	 	 Reg. No.

Pending U.S. Copyright Applications for Registration 

[List in chronological order by date published.] 
  

									
	 Title
	 	 Date Pub.
	 	 Author
	 	 Class
	 	 Date Filed

Non-U.S. Copyright Registrations 

[List in alphabetical order by country/numerical order by Registration No.] 

 

									
	 Country
	 	 Title
	 	 Date Pub.
	 	 Author
	 	 Reg. No.

Non-U.S. Pending Copyright Applications for Registration 

[List in alphabetical order by country/chronological order by date published.] 

 

											
	 Country
	 	 Title
	 	 Date Pub.
	 	 Author
	 	 Class
	 	 Date Filed

 SCHEDULE IV 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

LICENSES 

[Make a separate Schedule IV for each Grantor, and if not a licensor/licensee in a 

license/sublicense so state.] 

PART I 

LICENSES/SUBLICENSES OF [NAME OF GRANTOR] AS LICENSOR ON 

DATE HEREOF 

A. COPYRIGHTS 

U.S. Copyright Registrations  

[List in numerical order by Registration No.] 
  

											
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Title
	 	 Date Pub.
	 	 Author
	 	 Reg.

No.

Pending U.S. Copyright Applications for Registration  

[List in chronological order by date published.] 
  

											
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Title
	 	 Date Pub.
	 	 Author
	 	 Date

Filed

Non-U.S. Copy Registrations  

[List in alphabetical order by country/numerical order by Registration No.] 

 

													
	 Country
	 	 Licensee

Name

and Address
	 	 Date of

License/

Sublicense
	 	 Title
	 	 Date

Pub.
	 	 Author
	 	 Reg.

No.

Non-U.S. Pending Copyright Applications for Registration  

[List in alphabetical order by country/chronological order by date published.] 

															
	 Country
	 	 Licensee

Name

and Address
	 	 Date of

License/

Sublicense
	 	 Title
	 	 Date

Pub.
	 	 Author
	 	 Class
	 	 Date

Filed

 

 2 

 B. PATENTS 

[List first in numerical order by U.S. patent nos. followed by U.S. patent application nos. 

in numerical order, followed in alphabetical order by country, its non-U.S. patent nos. in 

numerical order, followed by its non-U.S. application nos. in numerical order.] 

U.S. Patents 
  

							
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Patent

Issue Date
	 	 Patent No.

U.S. Patent Applications 
  

							
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

Non-U.S. Patents 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Patent

Issue Date
	 	 Non-U.S.

Patent No.

Non-U.S. Patent Applications 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

 

 3 

 C. TRADEMARKS 

[List first in numerical order by U.S. patent nos. followed by U.S. patent application nos. 

in numerical order, followed in alphabetical order by country, its non-U.S. patent nos. in 

numerical order, followed by its non-U.S. application nos. in numerical order.] 

U.S. Trademarks 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

U.S. Trademark Applications 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

Non-U.S. Trademarks 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

Non-U.S. Trademark Applications 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

D. OTHERS 
  

					
	 License Name and Address
	 	 Date of License/

Sublicense
	 	 Subject Matter

 

 4 

 PART 2 

LICENSES/SUBLICENSES OF [NAME OF GRANTOR] AS LICENSEE ON 

DATE HEREOF 

A. COPYRIGHTS 

U.S. Copyrights  

[List in numerical order by Registration No.] 
  

											
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Title
	 	 Date

Pub.
	 	 Author
	 	 Reg.

No.

Pending U.S. Copyright Applications for Registration  

[List in chronological order by date published.] 
  

													
	 Licensee Name

and Address
	 	 Date of

License/

Sublicense
	 	 Title
	 	 Date

Pub.
	 	 Author
	 	 Class
	 	 Date

Filed

Non-U.S. Copyrights  

[List in alphabetical order by country/numerical order by Registration No.] 

 

											
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Title
	 	 Date

Pub.
	 	 Author
	 	 Reg.

No.

Non-U.S. Pending Copyright Applications for Registration  

[List in alphabetical order by country/chronological order by date published.] 

 

															
	 Country
	 	 Licensee Name

and Address
	 	 Date of

License/

Sublicense
	 	 Title
	 	 Date

Pub.
	 	 Author
	 	 Class
	 	 Date

Filed

 

 5 

 B. PATENTS 

[List first in numerical order by U.S. patent nos. followed by U.S. patent application nos. 

in numerical order, followed in alphabetical order by country, its non-U.S. patent nos. in 

numerical order, followed by its non-U.S. application nos. in numerical order.] 

U.S. Patents 
  

							
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Patent

Issue Date
	 	 Patent No.

U.S. Patent Applications 
  

							
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application No.

Non-U.S. Patents 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Patent

Issue Date
	 	 Non-U.S.

Patent No.

Non-U.S. Patent Applications 
  

									
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Date

Appl. Filed
	 	 Application

No.

 

 6 

 C. TRADEMARKS 

[List first in numerical order by U.S. trademark nos. followed by U.S. trademark 

application nos. in numerical order, followed in alphabetical order by country, its 

non-U.S. trademark nos. in numerical order, followed by its non-U.S. application nos. in numerical order.] 

U.S. Trademarks 
  

									
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 U.S. Mark
	 	 Reg. Date
	 	 Reg. No.

U.S. Trademark Applications 
  

									
	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 U.S. Mark
	 	 Date Filed
	 	 Application

No.

Non-U.S. Trademarks 
  

											
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Non-U.S.

Mark
	 	 Reg. Date
	 	 Reg. No.

Non-U.S. Trademark Applications 
  

											
	 Country
	 	 Licensee Name

and Address
	 	 Date of License/

Sublicense
	 	 Non-U.S. Mark
	 	 Date Filed
	 	 Application

No.

D. OTHERS 
  

					
	 License Name and Address
	 	 Date of License/

Sublicense
	 	 Subject Matter

 

 7 

 SCHEDULE V 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

PERMITTED LIENS 

 SCHEDULE VI 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

OFFICES WHERE FINANCING STATEMENTS NEED TO BE FILED 

[See Perfection Certificate] 

 SCHEDULE VII 

TO INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

GRANTOR SUBSIDIARIES 
 GrafTech
International Holdings Inc. 
 12900 Snow Road 

Parma, Ohio 44130 
 GrafTech International
Trading Inc. 
 12900 Snow Road 
 Parma,
Ohio 44130 
 GrafTech Technology LLC 

12900 Snow Road 
 Parma, Ohio 44130 

Graphite Electrode Network LLC 
 12900 Snow Road

 Parma, Ohio 44130 
 GrafTech NY Inc.

 12900 Snow Road 
 Parma, Ohio 44130

 GrafTech DE LLC 
 12900 Snow Road

 Parma, Ohio 44130 
 GrafTech
Seadrift Holding Corp. 
 12900 Snow Road 

Parma, Ohio 44130 
 GrafTech Delaware I Inc.

 12900 Snow Road 
 Parma, Ohio 44130

 GrafTech Delaware II Inc. 
 12900
Snow Road 
 Parma, Ohio 44130 

GrafTech Delaware III Inc. 
 12900 Snow Road

 Parma, Ohio 44130 
 GrafTech
Holdings Inc. 
 12900 Snow Road 

Parma, Ohio 44130 

 ANNEX I TO 

INTELLECTUAL PROPERTY 

SECURITY AGREEMENT 

SUPPLEMENT NO. [•] dated as of [            ], to the
Amended and Restated Intellectual Property Security Agreement dated as of April 28, 2010 (the “Intellectual Property Security Agreement”), made by GRAFTECH INTERNATIONAL LTD., a Delaware corporation
(“GrafTech”), GRAFTECH GLOBAL ENTERPRISES INC., a Delaware corporation (“Global”), GRAFTECH FINANCE INC., a Delaware corporation (“Finance” and, together with GrafTech Switzerland S.A.,
the “Borrowers”), and the other subsidiaries of GrafTech from time to time party thereto (together with GrafTech, Global and Finance, the “Grantors”) in favor of JPMORGAN CHASE BANK, N.A. as collateral agent
for the Secured Parties (such term and each other capitalized term used but not defined herein having the meaning given it in the Intellectual Property Security Agreement, and if not defined therein, having the meaning given it in the Credit
Agreement (as defined below)). 
 A. Reference is made to the Amended and Restated Credit Agreement dated as of April 28,
2010 (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among GrafTech, Global, the Borrowers, the LC Subsidiaries from time to time party thereto, the Lenders from time to
time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent and Issuing Bank. 
 B. The
Grantors have entered into the Intellectual Property Security Agreement in order to induce the Lenders to make Loans and the Issuing Banks to issue Letters of Credit pursuant to, and upon the terms and subject to the conditions specified in, the
Credit Agreement. Pursuant to Section 6.11 of the Credit Agreement (and the requirement thereunder that all actions be taken in order to cause the Collateral and Guarantee Requirement to be satisfied at all times), certain Subsidiaries are
required to enter into the Intellectual Property Security Agreement as a Grantor upon the occurrence of certain events. Section 6.14 of the Intellectual Property Security Agreement provides that additional Subsidiaries may become Grantors under
the Intellectual Property Security Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned (the “New Grantor”) is a Subsidiary and is executing this Supplement in accordance with the
requirements of the Credit Agreement to become a Grantor under the Intellectual Property Security Agreement in order to induce the Lenders to make additional Loans and the Issuing Bank to issue additional Letters of Credit and as consideration for
Loans previously made and Letters of Credit previously issued. 
 Accordingly, the Collateral Agent and the New Grantor agree as
follows: 
 SECTION 1. In accordance with Section 6.15 of the Intellectual Property Security Agreement, the New
Grantor by its signature below becomes a Grantor under the Intellectual Property Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Grantor hereby agrees to all the terms

 
and provisions of the Intellectual Property Security Agreement applicable to it as a Grantor thereunder. Each reference to a “Grantor” in the Intellectual Property Security
Agreement shall be deemed to include the New Grantor. The Intellectual Property Security Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Grantor represents and warrants to the Secured Parties that this Supplement has been duly authorized, executed
and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to the effects of applicable bankruptcy, insolvency or similar laws effecting creditors’ rights generally
and equitable principles of general applicability. 
 SECTION 3. This Supplement may be executed in two or more
counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one instrument. This Supplement shall become effective when the Collateral Agent shall have received counterparts of this
Supplement that, when taken together, bear the signatures of the New Grantor and the Collateral Agent. 
 SECTION 4. Except
as expressly supplemented hereby, the Intellectual Property Security Agreement shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 6. In the event any one or more of the provisions contained in this Supplement or in any other Loan Document should be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a
particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in the Intellectual Property Security
Agreement. All communications and notices hereunder to the New Grantor shall be given to it at the address set forth under its signature, with a copy to Finance, as such address may be changed in accordance with the Intellectual Property Security
Agreement. 
 [Remainder of Page Intentionally Left Blank] 

 

 2 

 IN WITNESS WHEREOF, the New Grantor and the Collateral Agent have duly executed this
Supplement to the Intellectual Property Security Agreement as of the day and year first above written. 
  

					
	[NAME OF NEW GRANTOR],
			
		 	 by
	 	
		 		 	  

		 		 	   Name:

		 		 	  Title:
		 		 	  Address:
	
	JPMORGAN CHASE BANK, N.A., as Collateral Agent,
			
		 	 by
	 	
		 		 	  

		 		 	   Name:

		 		 	  Title:

[SIGNATURE PAGE TO SUPPLEMENT TO INTELLECTUAL
PROPERTY SECURITY AGREEMENT]Swiss Security Agreement

 Exhibit 10.1.8 

Swiss Security Agreement 

dated April 28, 2010 

between 

Graftech Switzerland SA (formerly UCAR SA) 

as Assignor 

and 

JPMorgan Chase Bank, N.A. 

as Assignee 

LENZ & STAEHELIN 

ATTORNEYS-AT-LAW 

			
	 EXECUTION COPY

SWISS SECURITY AGREEMENT
	 	

  
  

 TABLE OF CONTENTS 

 

					
	1.	 	Definitions and Interpretation	  	5
			
	 1.1.
	 	 Definitions
	  	5
			
	 1.2.
	 	 Interpretation
	  	6
			
	 1.3.
	 	 Continuing security interest
	  	7
			
	2.	 	Assignment of Receivables	  	7
			
	 2.1.
	 	 Undertaking to Assign and Assignment of Receivables
	  	7
			
	 2.2.
	 	 Routing of Collections
	  	8
			
	 2.3.
	 	 Notification of debtors of the Assigned Receivables / Payment Instruction
	  	8
			
	 2.3.1.
	 	 Notification
	  	8
			
	 2.3.2.
	 	 Payment Instructions and other measures by the Assignee
	  	8
			
	 2.3.3.
	 	 Obligations of the Assignor
	  	9
			
	 2.4.
	 	 List of Receivables
	  	9
			
	 2.4.1.
	 	 Regular Reporting
	  	9
			
	 2.4.2.
	 	 Reporting upon Occurrence of an Event of Default
	  	9
			
	 2.5.
	 	 Waiver of banking secrecy with respect to Assigned Bank Accounts
	  	9
			
	3.	 	Purpose, Effects and Limitations of the Security Interest	  	10
			
	 3.1.
	 	 Purpose of Security Interest
	  	10
			
	 3.2.
	 	 First Priority Lien
	  	10
			
	 3.3.
	 	 Continuing Security Interest
	  	10
			
	 3.4.
	 	 Additional and Independent Security Interest
	  	10
			
	 3.5.
	 	 Conflicts with Pledge Agreement
	  	11
			
	4.	 	Representations and Warranties	  	11
			
	 4.1.
	 	 Representations and Warranties of the Assignor
	  	11
			
	 4.2.
	 	 Repetition
	  	12
			
	5.	 	Covenants of Assignor	  	12
			
	 5.1.
	 	 Continuing Support
	  	12
			
	 5.2.
	 	 Transmission of Information
	  	13
			
	 5.3.
	 	 Negative Pledge
	  	13
			
	 5.4.
	 	 Prohibition on the Disposal of Collateral
	  	13
			
	 5.5.
	 	 Performance of Contractual Obligations
	  	13
			
	 5.6.
	 	 No Set-off, etc.
	  	13
			
	 5.7.
	 	 Additional Security
	  	14
			
	6.	 	Termination and Release of Security Interest	  	14
			
	 6.1.
	 	 Termination
	  	14
			
	 6.1.1.
	 	 Condition
	  	14
			
	 6.1.2.
	 	 Risk of Avoidance
	  	14

  

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	 6.2.
	 	 Release and Re-transfer of Collateral
	  	14
			
	 6.3.
	 	 Costs, Taxes and Duties regarding the Release of Collateral
	  	15
			
	 7.
	 	Enforcement and Realisation	  	15
			
	 7.1.
	 	 Enforcement Proceedings
	  	15
			
	 7.2.
	 	 Additional Right of the Assignee
	  	15
			
	 7.3.
	 	 Diligence, Limited Liability and Indemnification of the Security Agent
	  	16
			
	 7.3.1.
	 	 Diligence
	  	16
			
	 7.3.2.
	 	 Limitation of Liability
	  	16
			
	 7.3.3.
	 	 Indemnification
	  	16
			
	 8.
	 	Assignment and Transfers	  	17
			
	 9.
	 	Miscellaneous	  	17
			
	 9.1.
	 	 Notices
	  	17
			
	 9.2.
	 	 Binding Effect
	  	18
			
	 9.3.
	 	 Entire Agreement/Modifications
	  	18
			
	 9.4.
	 	 Severability
	  	18
			
	 9.5.
	 	 Counterparts
	  	18
			
	 10.
	 	Law and Jurisdiction	  	18
			
	 10.1.
	 	 Governing Law
	  	18
			
	 10.2.
	 	 Jurisdiction
	  	19

  

	
	 Schedule 1: Current Bank Accounts

	
	 Schedule 3: Notice of Assignment

	
	 Schedule 4: Form of reporting table for Assigned Receivables

	
	 Schedule 5: Notice of assignment to banks

 

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SWISS SECURITY AGREEMENT
	 	

  
  

 SWISS SECURITY AGREEMENT 

(the “Agreement”) 
 between

 Graftech Switzerland SA, a company limited by shares organised and incorporated under the laws of Switzerland, having is registered
office at 1 Route de Renens, 1030 Bussigny-près-Lausanne, Switzerland; 
 hereinafter the “Assignor” 

and 
 JPMorgan Chase Bank, N.A., a
United States national banking association acting through its office at 270 Park Avenue, New York 10017, USA; 
 hereinafter the
“Assignee”. 
 WHEREAS 
  

	 	A.	Under an Amended and Restated Credit Agreement dated April 28, 2010 (the “Credit Agreement”), made inter alia, between the indirect parent company
of the Assignor and the Assignee, as Administrative Agent and Collateral Agent, and the Lenders (as defined therein), the Borrowers have requested the Lenders to amend and restate the existing credit agreement, dated February 8, 2005 (the
“Existing Credit Agreement”), to continue and modify the credit facilities provided for therein to the Borrowers (as defined therein). 

  

	 	B.	The Assignor, as Borrower under the Credit Agreement and owner and beneficiary of the Collateral (as defined below), has agreed, inter alia, to assign by way of
security to the Assignee in its capacity as Collateral Agent, for the benefit and on behalf of the Secured Parties all its respective rights, titles and interest in and to the Collateral as security for the Swissco Obligations.

  

	 	C.	It is a condition precedent under Art. V of the Credit Agreement that this Agreement shall have been duly executed and the Collateral provided therein duly perfected.

  

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 NOW IT IS HEREBY AGREED AS FOLLOWS: 

 

	1.	DEFINITIONS AND INTERPRETATION 

 

	1.1.	Definitions 

 Unless
otherwise defined therein, capitalized terms used in this Agreement shall have the meanings ascribed to them in Section 1.01 of the Credit Agreement. The definitions of the Credit Agreement shall apply to this Agreement mutatis mutandis
and are hereby incorporated herein by reference as if set forth in full in this Agreement. 
 In this Agreement, the following
terms shall have the following meanings: 
  

			
	 Agreement:
	  	shall mean this Swiss Security Agreement;
		
	 Ancillary Rights:
	  	shall have the meaning ascribed to such term in Section 2.1 below;
		
	 Assigned Bank Accounts
	  	shall mean all current or future rights, title, interest and action (including any balances and accrued interest) the Assignor may have or acquire in relation to any bank account
which the Assignor now has or may at any time have in the future vis-à-vis any bank or other financial institution;
		
	 Assigned Receivable(s):
	  	shall mean collectively the existing and future rights of the Assignor to all payments, titles and interests and value added tax, if any, in respect thereof due from the debtors of
the Assignor and which derive from the Assignor’s business operations and/or ownership in its assets (including all Ancillary Rights and privileges and benefits thereto (Art. 170 CO)) which it undertakes within its statutory scope, including
but not limited to (i) Assigned Bank Accounts, (ii) insurance claims of the Assignor under insurance policies covering the business operations of the Assignor, and (iii) existing and future receivables owed by any of the Affiliates of the Assignor
to the Assignor and arising in the course of business of the Assignor, whether contingent or not, incorporated in a title or not;
		
	 Assignment:
	  	shall mean the assignment by the Assignor of the Assigned Receivables to the Assignee, acting for itself and for the benefit of the Secured Parties, pursuant to Art. 164 et
seq. CO;

  

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	Assignor:	  	shall mean Graftech Switzerland SA, a company limited by shares organised and incorporated under the laws of Switzerland, having is registered office at 1 Route de Renens, 1030
Bussigny-près-Lausanne, Switzerland;
		
	 Assignee:
	  	shall mean JPMorgan Chase Bank, N.A., a United States national banking association, acting through its office at 270 Park Avenue, New York 10017, USA;
		
	 Business Day(s):
	  	shall mean a day (other than a Saturday or Sunday) on which banks are open for general business in New York City;
		
	 CC:
	  	shall mean the Swiss Federal Civil Code dated December 10, 1907, as amended from time to time;
		
	 CO:
	  	shall mean the Swiss Federal Code of Obligations, dated March 30, 1911, as amended from time to time;
		
	 Collateral:
	  	shall mean, as the context requires, the Assigned Receivables and/or any other assets over which a Security Interest is created pursuant to this Agreement;
		
	 Credit Agreement:
	  	shall have the meaning set forth in the recitals of this Agreement;
		
	Existing Swiss Security Agreement	  	shall have the meaning set forth in Section 1.3;
		
	 Existing Security Interest
	  	shall have the meaning set forth in Section 1.3;
		
	 LP:
	  	shall mean the Swiss Federal Statute on Debt Collection and Bankruptcy, dated April
1st, 1889, as amended from time to time;
		
	 Security Interest:
	  	means the Security Interest over the Collateral created and perfected under the terms of this Agreement;
		
	 Swissco Obligations:
	  	shall have the meaning set forth in Section 1.01 of the Credit Agreement.

  

	1.2.	Interpretation 

References to the Credit Agreement, this Agreement or any other agreement or document shall, where applicable, be deemed to be references
to such Credit Agreement, this Agreement, or such other agreement or document as the same may have been, or may from time to time be, extended, prolonged, amended, restated, supplemented, renewed, or novated, as persons may accede thereto as a party
or withdraw therefrom as a party in part or in whole or be released thereunder in part or in whole and as facilities and financial services are or may from time to time be granted, extended, prolonged, increased, reduced, cancelled, withdrawn,
amended, restated, supplemented, renewed or novated thereunder. 
  

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 Clause headings are for ease of reference only and are not to affect the interpretation
of this Agreement. 
 Any person is to be construed to include that person’s permitted assignee’s or transferee’s
or successors in title, whether direct or indirect. 
 In the event of any inconsistency between the terms of the Credit
Agreement and this Agreement, the terms of this Agreement shall prevail. 
  

	1.3.	Continuing security interest 

The security interest granted under the Existing Credit Agreement and the existing Swiss security agreement dated February 8, 2005
(the “Existing Swiss Security Agreement” and the “Existing Security Interest”) shall continue to be granted but shall exclusively be governed by the terms and conditions of this Agreement as from the date hereof.

 In particular, the Existing Security Interest shall exclusively secure the Swissco Obligations as per the date hereof (in lieu
of securing the Secured Obligations (as defined in the Existing Swiss Security Agreement)). 
 This agreement shall not have the
effect of a novation with respect to the Existing Security Interest, which shall be deemed to be continuing under this Agreement. 
  

	2.	ASSIGNMENT OF RECEIVABLES 

 

	2.1.	Undertaking to Assign and Assignment of Receivables 

The Assignor agrees (i) to assign to the Assignee (as Collateral Agent, for the benefit and on behalf of the Secured Parties) the
Assigned Receivables as security until such time as the Swissco Obligations have been released in full and are no longer capable of arising, and therefore (ii) to perfect the Assignment on the date of the Credit Agreement until such time.

 For the purpose of effecting the Assignment of the Assigned Receivables, the Assignor hereby assigns by way of security to the
Assignee the Assigned Receivables existing on the date hereof (such existing receivables being listed in Schedules 1 and 2 hereof, it being specified that Schedule 2 lists the Assignor’s receivables as of March 31, 2010). The
Assignee expressly accepts the Assignment. 
 The Assignor hereby expressly acknowledges that the meaning of the term
“Swissco Obligations” (and consequently the extent of its undertaking under this Agreement) is defined by reference to the Credit Agreement and the Assignor expressly confirms that it fully understands and accepts the definition of
the term “Swissco Obligations”. 
 The rights pertaining to the Assigned Receivables hereunder include:

  

	 	(i)	the right to receive at any time on or after the date of this Agreement all proceeds relative to any Assigned Receivables; 

 

 7 

			
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SWISS SECURITY AGREEMENT
	 	

  
  

	 	(ii)	the right to receive the proceeds of any insurance, indemnity, warranty, guarantee, or collateral security relating to such Assigned Receivables, including the right
against any bank providing a letter of credit or similar credit instrument; 

	 	

	 	(iii)	all claims of the Assignor for damages arising out of or for breach of or default under any contract from which the Assigned Receivables derive;

	 	

	 	(iv)	the right to demand, sue for, recover and give receipts for all moneys payable under any contract from which the Assigned Receivables derive. 

(the rights described in al. (i) to (iv) above, collectively, the “Ancillary Rights”). 

 

	2.2.	Routing of Collections 

The Assignor shall instruct and shall continue to instruct any debtors of the Assigned Receivables to pay, wire, transfer or credit any
payment to the bank accounts as specified in Schedule 1 to this Agreement. 
 Subject to and in accordance with the terms
and conditions of the Credit Agreement and this Agreement, the Assignor shall be authorized to collect all or part of the Assigned Receivables for as long as no Event of Default has occurred, and until such time as notified by the Collateral Agent,
provided the proceeds of the Assigned Receivables are credited on the Assigned Bank Accounts as per the preceding paragraph. 

Subject to and in accordance with the terms and conditions of the Credit Agreement, the Assignor shall be authorized to dispose of the
Assigned Receivables for as long as no Event of Default has occurred. 
  

	2.3.	Notification of debtors of the Assigned Receivables / Payment Instruction 

 

	2.3.1.	Notification 

 Following the
service of a notice by the Administrative Agent under Art. VIII of the Credit Agreement of an Event of Default, the Assignee, acting for itself and on behalf of the Secured Parties shall be authorised to request the Assignor to notify any current
and future debtors of the Assigned Receivables of their assignment by way of Notice of Assignment substantially in the form set forth in Schedule 3 to this Agreement. The Assignee shall further have the right to notify the Assignment to the
relevant debtors at any time if the Assignor does not comply with the Assignee’s request to proceed to such notification as per this Section within two Business Days from the Assignee’s request. 

 

	2.3.2.	Payment Instructions and other measures by the Assignee 

In the event the Assignee is entitled to notification (or to request the Assignor to proceed to such notification) under
Section 2.3.1 above, the Assignee shall in addition be authorised, but not obliged, to instruct the debtors of the Assigned Receivables to effect payment on a bank account as specified by the Assignee, and to take other measures the Assignee
deems to be adequate for the preservation of the Assigned Receivables in favour of the Secured Parties. 
  

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	2.3.3.	Obligations of the Assignor 

Following the service of a notice by the Administrative Agent under Art. VIII. of the Credit Agreement of an Event of Default, the
Assignor shall cooperate with the Assignee and use its best efforts in assisting the Assignee in relation to the payment of the Assigned Receivables, and shall pay any amounts paid directly to the Assignor in relation to the Assigned Receivables to
the Assignee acting on behalf of the Secured Parties by transferring said amounts into a bank account as specified by the Assignee, until such time as the Security Interests created under this Agreement shall be released in accordance with
Section 6.1.1 of this Agreement. 
  

	2.4.	List of Receivables 

  

	2.4.1.	Regular Reporting 

 The Assignor
shall deliver to the Assignee quarterly, no later than 21 Business Days following the end of each calendar quarter, a list of Assigned Receivables identifying each Assigned Receivable outstanding as of the end of the relevant calendar quarter and
assigned hereunder (specifying at least name and address of debtor, amount due and due date) substantially in the form and including the information as set forth in Schedule 4 to this Agreement. 

 

	2.4.2.	Reporting upon Occurrence of an Event of Default 

Upon the occurrence of an Event of Default as defined in Art. VIII of the Credit Agreement, the Assignor shall deliver to the Assignee
within 3 Business Days thereof, an up-dated list of Assigned Receivables identifying each Assigned Receivable outstanding as of the Business Day before the occurrence of such Event of Default (specifying at least name and address of the debtor, the
amount due and the due date) substantially in the form and including the information as set forth in Schedule 4 to this Agreement. 
  

	2.5.	Waiver of banking secrecy with respect to Assigned Bank Accounts 

The Assignor shall release the respective bank(s) from the banking secrecy to the extent required for the Assignee to assign the Assigned
Bank Accounts and perform its rights and obligations in relation thereto. To that effect, the Assignor shall, within ten Business Days from the date hereof, send a Notice of Assignment to the banks (substantially in the form of Schedule 5)
with which the Assigned Bank Accounts are opened. 
 Subject to and in accordance with the terms and conditions of the Loan
Documents, the Assignor shall be authorized (subject to revocation by the Assignee as of the occurrence of an Event of Default) to use any balance on the Assigned Bank Accounts for as long as no Event of Default has occurred. As of the occurrence of
an Event of Default, the Assignee shall be authorized to revoke such authorization. 
  

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	2.6.	Parallel Assignment 

Notwithstanding the above, and in derogation of the definition of the term Assigned Receivables in Section 1.1 of this Agreement, the
Assignor is formally authorized by the Assignee to assign part of the amounts that would normally qualify as Assigned Receivables to third parties as security in view of obtaining additional financing (the “Parallel Assignment”), to
the extent that such Parallel Assignment falls within actions permitted by Section 7.05(h) of the Credit Agreement (or otherwise constitutes a transaction not prohibited by Section 7.05 of the Credit Agreement). It is agreed among the
parties that the receivables to be assigned to third parties under a Parallel Assignment shall not be listed in the list of Assigned Receivables referred to in Sections 2.4.1 and 2.4.2 above. The Assignor shall provide the Assignee, together with
the updated list of Assigned Receivables to be provided as per Section 2.4.1, with a copy of the documents evidencing the receivables sold to third party financing institutions in the context of the Parallel Assignment. 

The Assignee and the Assignor agree that the preceding paragraph shall not cause Section 5.7 of this Agreement to apply. 

 

	3.	PURPOSE, EFFECTS AND LIMITATIONS OF THE SECURITY
INTEREST 

  

	3.1.	Purpose of Security Interest 

The Security Interest created and perfected under this Agreement provides the Assignee, as Collateral Agent, for the benefit and on behalf
of the Secured Parties, with a security interest securing the Swissco Obligations. 
  

	3.2.	First Priority Lien 

 The
Collateral shall be delivered so that this Agreement, together with such delivery, creates in favour of the Assignee, as Collateral Agent, for the benefit and on behalf of the Secured Parties, a first priority lien on, and first priority security
interest in such Collateral. 
  

	3.3.	Continuing Security Interest 

This Agreement shall create a continuing Security Interest over the Collateral irrespective of any intermediate payment or satisfaction of
any or all of the Swissco Obligations. 
  

	3.4.	Additional and Independent Security Interest 

The Security Interest created and perfected over the Collateral hereunder shall be in addition to and independent of any existing or
future guarantees and other security interests which may at any time be held by the Assignee from the Assignor or any other person in respect of the whole or any part of the Swissco Obligations and may be enforced independently of any such other
guarantees or other security interests. The release of individual items of Collateral from the Security Interest does not affect the Security Interest on other items of Collateral. 

 

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	3.5.	Conflicts with Pledge Agreement 

The parties hereto acknowledge that (a) the Assignor and the Assignee, among other parties, have entered into that certain Swissco
New York Law Pledge Agreement, dated the date hereof (the “Swissco US Pledge Agreement”), pursuant to which the Assignor has pledged to the Assignee certain equity and debt securities owned by it as security for the Swissco
Obligations, and (b) certain of such debt securities may constitute Collateral under this Agreement. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the Swissco US Pledge
Agreement, the terms and conditions of this Agreement shall prevail, except to the extent the context or applicable law may require. 
  

	4.	REPRESENTATIONS AND WARRANTIES 

 

	4.1.	Representations and Warranties of the Assignor 

The Assignor hereby warrants and represents for as long as any Swissco Obligations remain outstanding as follows: 

 

	 	(i)	Due incorporation: the Assignor is duly incorporated and validly existing under the laws of Switzerland with full power and authority to conduct its business.

  

	 	(ii)	Power: the Assignor has the power to enter into this Agreement and to perform its obligations hereunder. 

	 	

	 	(iii)	Corporate Actions: all necessary corporate actions required in connection with the entry into, performance under, the validity and enforceability of this Agreement and,
in particular but not limited to, the creation and perfection of the Security Interest, and the transactions contemplated hereby and thereby have been taken, obtained or effected and are in full force and effect. 

	 	

	 	(iv)	Consents: no approvals, consents, licenses, exemptions, filings, registrations, notarizations and other matters, official or otherwise, are required in connection with
the entry into, performance under, the validity and enforceability of this Agreement and, in particular but not limited to, the creation and perfection of the Security Interest, and the transactions contemplated hereby and thereby.

	 	

	 	(v)	Title in Collateral /Validity of Security Interest: the Assignor has good and marketable title of full ownership to all Collateral and such Collateral are free and
clear of any pledge, lien, charge, security interest or other encumbrance (other than the Security Interest created hereunder). 

  

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	 	(vi)	Validity and Enforceability of Agreement: this Agreement constitutes legal, valid and binding obligations of the Assignor, enforceable in accordance with its terms,
subject to applicable insolvency law affecting creditors’ rights in general. 

  

	 	(vii)	Valid Security Interest: this Agreement constitutes a valid and effective Assignment of the Assigned Receivables. 

 

	 	(viii)	First Priority: the Agreement creates a first priority lien on, and first priority Security Interest in such Collateral. 

 

	 	(ix)	Non-conflict: the execution and delivery of this Agreement including the creation and perfection of the Security Interest, and the performance by the Assignor of any of
its obligations hereunder do not and will not conflict with (i) any law or regulation or any official or judicial order, or (ii) the articles of association and organizational by-laws of the Assignor, or (iii) any agreement or
document to which the Assignor is a party or which is binding upon it, nor result in the creation or imposition of any encumbrance on any of its assets pursuant to the provisions of any such agreement or document, or (iv) result in the creation
or imposition of or obliges the Assignor to create any encumbrance on the undertaking, assets, rights or revenues of the Assignor. 

  

	4.2.	Repetition 

 The
representations and warranties set out in the preceding Section 4.1 above shall survive the execution of this Agreement and shall be deemed to be repeated by the Assignor, on each day on which Swissco Obligations are outstanding, with reference
to the facts and circumstances then subsisting, as if made at each such time. 
  

	5.	COVENANTS OF ASSIGNOR 

The Assignor hereby covenants for as long as any Swissco Obligations remain outstanding as follows: 

 

	5.1.	Continuing Support 

 The
Assignor shall, at its own expense, promptly execute and deliver to the Assignee all documents (in particular all documents and/or titles incorporating the Assigned Receivables, if any such documents and/or titles exist), declarations, certificates,
registrations, filings and other instruments and shall take all actions necessary or that the Assignee may reasonably request, in order to create, perfect, maintain and protect the Security Interests created hereby (including instigating legal
proceedings to ensure the existence, enforceability and value of the Assigned Receivables) and the Assignor shall assist the Assignee in exercising and enforcing the rights and remedies of the Assignee, as Collateral Agent, for the benefit and on
behalf of the Secured Parties under this Agreement with respect to the Collateral. In particular, the Assignor undertakes to allow the Assignee to review the books and other documents 

 

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the Assignee deems necessary for the purpose of verifying the existence and value of the Collateral, provided that any such review shall be conducted during normal business hours and in a manner
which is not disruptive to the business of the Assignor. 
  

	5.2.	Transmission of Information 

The Assignor shall furnish to the Assignee promptly upon receipt thereof copies of all notices, requests and other documents received by
it in relation to the Collateral according to which (i) the validity or enforceability of the Security Interest created over the Collateral, (ii) the value of the Collateral, or (iii) the possibilities of the Collateral’s
liquidation and/or realisation as contemplated by this Agreement are (A) materially negatively affected or (B) threatened to be materially negatively affected and likely to occur. 

 

	5.3.	Negative Pledge 

 Other
than to the extent created by this Agreement, the Assignor shall not create, incur, assume or suffer to exist any lien, pledge, charge, security interest or other encumbrance upon or with respect to the Collateral, unless a prior written consent of
the Assignee has been obtained. 
  

	5.4.	Prohibition on the Disposal of Collateral 

Except as otherwise permitted by the Credit Agreement, the Assignor shall not without the prior written consent of the Assignee:

  

	 	(i)	dispose of the Collateral ; 

  

	 	(ii)	sell, factor or assign book or other debts forming part of the Collateral; 

 

	 	(iii)	sign any kind of agreement that provides for the non-assignability or the assignability subject to the prior written consent of a third party of the Assigned
Receivables, without the prior written consent of the Assignee. 

  

	5.5.	Performance of Contractual Obligations 

The Assignor shall timely and fully perform and comply with all material provisions, covenants and other obligations required to be
observed by it under the contracts from which the Assigned Receivables derive. 
  

	5.6.	No Set-off, etc. 

 The
Assignor shall take all commercially reasonable steps and comply with all applicable laws to procure that no set-off, counterclaim, credit, discount, allowance, right to make any deduction or any justification for the non-payment of the amounts
payable on account of the Assigned Receivables will at any time be allowed to arise in relation to an Assigned Receivable (whether by the respective debtor or otherwise), other than in the ordinary course of business in accordance with past practice
and the Assignor shall not amend, grant any extension of time for payment, waiver or other indulgence in relation to an Assigned Receivable without the prior written consent of the Assignee. 

 

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	5.7.	Additional Security 

 The
Assignor shall upon request by the Assignee create additional security interests to the extent the aggregate value of the Security Interests on the date of this Agreement has materially decreased at the time of such request so that the value of the
security interests given by the Assignor pursuant to this Agreement is then lower in value than the Swissco Obligations. 
  

	6.	TERMINATION AND RELEASE OF SECURITY INTEREST 

 

	6.1.	Termination 

  

	6.1.1.	Condition 

 Subject to
Section 6.1.2 below, the Security Interest created hereunder shall be released upon the full and irrevocable repayment of the Swissco Obligations in accordance with the terms of the Loan Documents and if no Secured Party or Lenders has any
further obligation to provide credit facilities or other accommodation to any Borrower under the Loan Documents or, if the Assignee so agrees, at any other time. 
  

	6.1.2.	Risk of Avoidance 

 If any
payment or discharge of the Swissco Obligations is, in the reasonable opinion of the Assignee, likely to be avoided or invalidated under any enactment relating to bankruptcy or insolvency, the Assignee may refuse to grant any release of the Security
Interest for such further period as the risk of such avoidance or invalidity continues. 
  

	6.2.	Release and Re-transfer of Collateral 

Subject to the provisions of Section 6.1 above, the Assignee hereby undertakes to forthwith release the Security Interest created
hereunder and, to re-assign and/or re-transfer the Collateral, where such re-assignment and/or re-transfer is required, and at the request of the Assignor, execute such documents as may be required to release the Collateral. 

 

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	6.3.	Costs, Taxes and Duties regarding the Release of Collateral 

The Assignor shall reimburse the Assignee for any costs, taxes and duties resulting from the re-assignment and/or re-transfer of the
Collateral. The Collateral Agent shall be entitled to set-off and deduct, respectively, such costs, taxes and duties from the Collateral to be released. 
  

	7.	ENFORCEMENT AND REALISATION 

 

	7.1.	Enforcement Proceedings 

Upon the occurrence of an Event of Default as defined in Art. VIII of the Credit Agreement, the Assignee shall be entitled to, immediately
and, unless required by law, with prior notification of the Assignor but without granting another grace period and in addition to other rights and remedies provided for herein or otherwise available to it to be exercised from time to time, notify
the Assignment to the relevant debtors of the Assigned Receivables, and collect and enforce the Assigned Receivables. 
 The
Collateral Agent, acting reasonably, shall have the right to obtain from the Assignor all information and documents deemed necessary in the reasonable opinion of the Collateral Agent, to ascertain the existence and particulars of the Assigned
Receivables. 
 To the extent that the collection of the Assigned Receivables is not possible or is deemed unduly burdensome in
the sole opinion of the Collateral Agent, the latter shall be entitled to sell the whole or any part of the Assigned Receivables at public auction or private sale, without demand of performance or notice of intention to effect any such disposition
or of the time and place thereof (except where such notice is required by applicable law and cannot be waived), and without regard to the enforcement procedure provided for by the LP, and apply the proceeds thereof (less all costs and expenses) to
the discharge of the Swissco Obligations. Any sale shall be conducted in a commercially reasonable manner and to the extent permitted by applicable law. 

The Assignee shall be entitled to allocate in its entire discretion the proceeds collected pursuant to this Section in discharging the
Swissco Obligations which have become immediately due and payable, regardless of the creditor or nature (principal or interest) of such Swissco Obligations. 
  

	7.2.	Additional Right of the Assignee 

Upon the occurrence of an Event of Default, the Assignee, as Collateral Agent, for the benefit and on behalf of the Secured Parties, shall
furthermore be entitled to do the following: 
  

	 	(i)	 Power of Attorney: the Assignee may in its capacity as Collateral Agent, and for the benefit and on behalf of the Secured Parties, represent the
Secured 

  

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Parties in connection with the Loan Documents before all courts and authorities and in connection with the establishment of public deeds and real estate transactions, to take legal actions and
remedies, enforce judgements and settlement arrangements, instigate and proceed with debt enforcement and bankruptcy proceedings as well as to accept and release assets in dispute. 

 

	 	(ii)	Power of Attorney of the Assignor: the Assignee is entitled, in the name and for the account of the Assignor, to take all action in connection with the administration,
conservation of value and realisation of the Security Interests. 

  

	 	(iii)	Notification: the Assignee may notify any other obligor under the Loan Documents, debtors of the Assigned Receivables, and other interested persons in Switzerland and
abroad of the realisation of Security Interest or instruct the Assignor to make such notification. 

  

	7.3.	Diligence, Limited Liability and Indemnification of the Security Agent 

 

	7.3.1.	Diligence 

 The Assignee
shall perform its responsibilities under this Agreement, in its capacity as Collateral Agent, for the benefit and on behalf of the Secured Parties or, if so stipulated in this Agreement, of the Assignor, with the necessary diligence. 

 

	7.3.2.	Limitation of Liability 

Any liability of the Assignee or any of its employees or agents for anything done or omitted in the performance of the Assignee’s
responsibilities under this Agreement shall be excluded except in the event of gross negligence or wilful default by the Assignee or any of its employees or agents. 
  

	7.3.3.	Indemnification 

 Other
than in the event of gross negligence or wilful default by the Assignee or any of its employees or agents, the Assignor shall indemnify the Assignee from and against all losses, costs, expenses, claims, demands and liabilities whether in contract,
delict, tort or otherwise (together with any applicable value added tax) properly incurred by the Assignee or by any employee or agent of the Assignee in connection with anything done or omitted in the performance of its responsibilities under this
Agreement, be it as Collateral Agent, for the benefit and on behalf of the Secured Parties or, if so stipulated in this Agreement, of the Assignor, or occasioned by any breach by the Assignor of any of its undertakings or other obligations to the
Assignee, or in consequence of any payment in respect of the Swissco Obligations (whether made by the Assignor or a third person) being declared void or impeached for any reason. 

 

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	8.	ASSIGNMENT AND TRANSFERS 

The rights and obligations of the Assignor under this Agreement may not be assigned or transferred without the prior written consent of
the Assignee. 
 Nothing in this Agreement shall be construed as limiting the right of the Finance Parties to assign their rights
and obligations under the Credit Agreement in accordance with Section 10.04 of the Credit Agreement. 
  

	9.	MISCELLANEOUS 

  

	9.1.	Notices 

 All notices and
other communications provided for in this Agreement shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

 

	 	(i)	if to the Assignor: 

 Graftech
Switzerland SA 
 c/o GrafTech Global Enterprises Inc 

12900 Snow Road 

Parma, OH 44130 

United States 

Attention of : President General Counsel 

Facsimile : (1) (302) 216) 676-2462) 

with a copy to: 

Graftech Switzerland SA 

1 Route de Renens 

1030 Bussigny-près-Lausanne, 

Switzerland 

Attention of: Florianne Permal (Chambaz) 

Telephone: (+41) 821 31 11 

Facsimile: (41) 821 31 00 
  

	 	(ii)	if to the Assignee: 

 JPMorgan
Chase Bank, N.A. 
 Loan and Agency Services Group 

1111 Fannin Street, 10th Floor 

Houston, Texas 77002 

United States 

Attention: Warda Khan/Monica Espitia 

Facsimile: (1) (713) 472-6307) 
  

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 with a copy to: 

JPMorgan Chase Bank, N.A. 

383 Madison Avenue, 24th Floor 

New York 10179 

Attention: Jennifer Heard 

Facsimile: (1) (212) 270-5100) 
  

	9.2.	Binding Effect 

 This
Agreement supersedes any prior arrangement between the parties hereto with respect to the subject matter hereof, and all rights and obligations hereunder, shall inure to the benefit of and be binding upon the parties hereto and their permitted
successors and assigns. 
  

	9.3.	Entire Agreement/Modifications 

This Agreement constitutes the entire agreement between the parties hereto and may be modified only by a written agreement signed by the
parties hereto. 
  

	9.4.	Severability 

 If any term
or provision hereof, or the application thereof to any person or circumstance, shall to any extent be contrary to any applicable law or otherwise invalid or unenforceable, the remainder of this Agreement or the application of such term or provision
to persons or circumstances other than those as to which it is contrary, invalid, or unenforceable shall not be affected thereby and, to the extent consistent with the overall intent hereof as evidenced by this Agreement taken as a whole, shall be
enforced to the fullest extent permitted by applicable law. 
  

	9.5.	Counterparts 

 This
Agreement shall be executed in three counterparts by the different parties hereto on separate counterparts, each of which when executed and delivered shall constitute an original but all the counterparts together shall constitute one and the same
instrument. 
  

	10.	LAW AND JURISDICTION 

  

	10.1.	Governing Law 

 This
Agreement shall be governed by, and shall be construed in accordance with, the laws of Switzerland. 
  

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	10.2.	Jurisdiction 

 Subject to
the subsequent paragraph, the ordinary courts of the canton of Geneva shall have exclusive jurisdiction for all disputes, differences or controversies relating to, arising from or in connection with this Agreement. 

Notwithstanding the foregoing, any legal action or proceeding with respect to this Agreement may be brought in the Supreme Court of the
State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof or any other competent court having jurisdiction under the Credit Agreement, provided
that a legal action or proceeding under the Credit Agreement is already pending before such court or a claim under the Credit Agreement is submitted simultaneously with a claim in respect to this Agreement to such court. By execution and delivery of
this Agreement, the Assignor hereby accepts for itself and in respect of its property, subject to the aforementioned condition, the jurisdiction of the aforesaid courts. The parties hereto hereby irrevocably waive any objection, including any
objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in such respective jurisdictions. 

Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 10.01 of the Credit Agreement.

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. 

 

			
	Graftech Switzerland SA
		
	By:	 	 /s/ John D. Moran

	Name:	 	John D. Moran
	Title:	 	Attorney-in-Fact
	Place:	 	New York, New York
	
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Jennifer Heard

	Name:	 	Jennifer Heard
	Title:	 	Vice President
	Place:	 	New York

  

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