Document:

First Amendment to Lease

 EXHIBIT 10.2 
  
 FIRST AMENDMENT TO LEASE 
 (1625 Litton
Drive, Stone Mountain, Georgia) 
  
 THIS FIRST AMENDMENT TO LEASE
made this 26th day of April, 2004, by and between STONE MOUNTAIN INDUSTRIAL PARK, INC. (“Lessor”), and
WINCUP HOLDINGS, INC. (“Lessee”); 
  
 WITNESSETH

  
 WHEREAS, Lessor and Lessee are parties to that certain Lease
Agreement dated January 30, 2004 (the “Lease”), whereby Lessor leased to Lessee approximately 119,670 square feet of space in a building (the “Building”) located at 1625 Litton Drive, Stone Mountain, Georgia (the
“Premises”); and 
  
 WHEREAS, Lessor and Lessee are
desirous of amending the Lease in order to include the adjacent 25,330 square feet of the Building as part of the Premises. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and conditions herein, acknowledged by both parties to be adequate and sufficient, the parties
hereto agree as follows: 
  
 1. Premises: Effective on May
1, 2004 (the “Effective Date”), the “Premises” leased by the Lessee under the Lease shall be increased by 25,330 square feet to include the additional space in the Building shown on Exhibit A attached and incorporated
herein. The Premises shall thereafter consist of approximately 145,000 square feet. 
  
 2. Rent: Commencing on the Effective Date and thereafter on the first (1st)
day of each calendar month, Lessee shall pay to Lessor in advance without demand or offset, monthly base rent of Thirty One Thousand Fifty-Four and 17/100 Dollars ($31,054.17). 
  
 3. Ad Valorem Taxes: Paragraph 24 of the Lease is hereby revised to reflect the increase in square footage from
119,670 square feet to 145,000 square feet. 
  

 -1- 

 4. Insurance: Paragraph 25 of the Lease is hereby revised to reflect the increase in square
footage from 119,670 square feet to 145,000 square feet. 
  
 5.
Improvements/Repairs: Due to Lessee’s expansion into the additional space, Lessor’s obligation to complete the requirements of Paragraphs 1(c) and (d) of the Addendum to the Lease shall be null and void. 
  
 6. Termination Option: Paragraph 2 of the addendum to the Lease is
deleted in its entirety and in its place is substituted the following: 
  
 “Termination Option: Lessee shall have a one (1) time option to terminate this Lease, effective on February 28, 2007, provided Lessee shall have fulfilled its obligations under this Lease and shall have provided Lessor not less
than 180 days’ written notice of its intent to exercise said option, and Lessee shall have paid Lessor at the time of such notice an early termination fee in the amount of $93,162.51.” 
  
 7. As expressly amended herein, the Lease is ratified and confirmed, and
shall remain in full force and effect as set forth in the Lease. 
  
 IN WITNESS WHEREOF, Lessor and Lessee have duly executed the First Amendment to Lease as of the day and year first above written. 
  

									
	 Signed, sealed, and delivered in the presence of:
	 	 	 	 STONE MOUNTAIN INDUSTRIAL PARK, INC.

 a Georgia corporation

				
	[signature]	 	 	 	By:	 	/s/    LAWRENCE P.
CALLAHAN        
	 Witness
	 	 	 	 	 	Lawrence P. Callahan, Chief Operating Officer Lessor

  
 (Affix Corporate Seal)

  

									
	 Signed, sealed and delivered in the presence of:
	 	 	 	 WINCUP HOLDINGS, INC.
 a Delaware corporation

				
	[signature]	 	 	 	By:	 	/s/    MICHAEL V.
VALENZA        
	 Witness
	 	 	 	 	 	Lessee

  
 (Affix Corporate Seal)

  

 -2-Trademark Security Agreement

 EXHIBIT 10.3 
  
 TRADEMARK SECURITY AGREEMENT 
  
 This Trademark Security Agreement (“Agreement”) is made as of the 17th day of November, 2003 by WINCUP HOLDINGS, INC.
(“Grantor”), a Delaware corporation having a mailing address at Three Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, PA 19087 (“Grantor”) and delivered to PNC BANK, NATIONAL ASSOCIATION
(“Agent”) having a mailing address at 1600 Market Street, P2-P070-31-2, Philadelphia, PA 19103, Attn: Janeann Fehrle. 
  
 BACKGROUND 
  
 A. This Agreement is being executed in connection with that certain Fourth Amended and Restated Revolving Credit, Term Loan and Security Agreement among
Agent, Fleet Capital Corporation as documentation agent, the financial institutions which are now or which hereafter become a party thereto as Lenders, the Grantor named therein, and the other Borrowers named as Borrower therein, dated December 26,
2001 (as same has been and may hereafter be amended, modified, restated or replaced from time to time, the “Credit Agreement”), under which, inter alia, Grantor is (i) granting Agent for the benefit of Lenders a lien on and security
interest in the registered trademarks of Grantor and applications of Grantor for the registration thereof and in certain assets of Grantor associated with or relating to products leased or sold or services provided under the trademarks of Grantor
and the goodwill associated therewith and represented thereby as security for the payment and performance of the Obligations (as defined in the Credit Agreement) of Grantor under the Credit Agreement, and under which Agent is entitled to foreclose
or otherwise deal with such assets, trademarks, service marks and trade names and applications for the registration of trademarks under the terms and conditions set forth therein and (ii) granting to Agent a license to use or dispose of (conditioned
upon the occurrence and continuance of an Event of Default) such trademarks. Capitalized terms not defined herein shall have the meanings given to such terms in the Credit Agreement. 
  
 B. Grantor owns, has adopted, used and is using (or has filed applications for the registration of) the trademarks, service
marks and trade names listed on Schedule “A” (with respect to trademarks, etc. adopted and used in the United States) and on Schedule “B” (with respect to trademarks, etc. adopted and used outside of
the United States) attached hereto and made part hereof (all such marks or names hereinafter referred to as the “Trademarks”) 
  
 C. Grantor and Agent desire to have the security interest of Agent in such Trademarks confirmed by a document identifying same and in such form that it
may be recorded in the United States Patent and Trademark Office or other appropriate trademark office. 
  
 NOW THEREFORE, with the foregoing Background hereinafter deemed incorporated by reference and made a part hereof, and in consideration of the premises and
mutual promises herein contained, the parties hereto, intending to be legally bound hereby, covenant and agree as follows: 
  
 1. In consideration of and pursuant to the terms of the Credit Agreement and Other Documents, and for other good, valuable and sufficient consideration,
the receipt of which is hereby acknowledged, and to secure the payment and performance of all of the Obligations of Grantor under the Credit Agreement, Grantor grants a lien and security interest to Agent for the benefit of Lenders in all of its
present and future right, title and interest in and to the Trademarks, together with all the goodwill of Grantor associated with and represented by the Trademarks, and the registration thereof and the right (but not the obligation) to sue for past,
present and future infringements, and the proceeds thereof, including, without limitation, license royalties and proceeds of infringement suits (collectively the “Collateral”). 
  

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 2. To the extent not inconsistent with Grantor’s obligations under that certain Trademark License
Agreement between Grantor and Polar Plastics, Inc., dated November     , 2003 (the “Polar License Agreement”) Grantor hereby covenants and agrees to maintain the Trademarks in full force and effect, provided,
however, that Grantor may, in its reasonable business judgment, abandon any application among the Trademarks or permit any registration among the Trademarks to be cancelled, and otherwise perform all of its obligations and undertakings under this
Agreement until all of the Obligations of Grantor are indefeasibly paid and satisfied in full and the Credit Agreement and the commitments of the Lenders to make Advances under the Credit Agreement (“Revolving Credit Commitments”) have
been terminated. 
  
 3. Grantor represents, warrants and covenants
to Agent that: 
  
 (a) The Trademarks are
subsisting and have not been adjudged invalid or unenforceable; 
  
 (b) Each of the Trademarks is registered (or in the process of application for registration); 
  
 (c) Except for any Permitted Encumbrances and obligations pursuant to the Polar License Agreement, Grantor is the sole and exclusive owner
of the entire and unencumbered right, title and interest in and to each of the Trademarks, and each of the Trademarks is free and clear of any liens, claims, charges, encumbrances and licenses, including, without limitation, pledges, assignments,
options, and covenants by Grantor not to sue third persons, except as set forth on Schedule C; 
  
 (d) Grantor has the full right, power and authority to enter into this Agreement and perform its terms; 
  
 (e) To Grantor’s knowledge, Grantor has complied with,
and will continue for the duration of this Agreement to comply with, the requirements set forth in 15 U.S.C. §1051-1127 and any other applicable statutes, rules and regulations in connection with its use of the Trademarks; 
  
 (f) Grantor will use for the duration of this Agreement
consistent standards of quality in services or products leased or sold under the Trademarks, and hereby grants to Agent and its employees and agents the right (with no obligation of any kind upon Agent to do so) to visit the business locations of
Grantor and to inspect the use of the Trademarks and quality control records relating thereto during regular business hours to ensure the compliance of Grantor with this paragraph 3(f); and 
  
 (g) Grantor has no notice of any suits or actions commenced
or threatened against it, or notice of claims asserted or threatened against it, with reference to the Trademarks, except as set forth of Schedule D. 
  
 4. Grantor further covenants that: 
  
 (a) Until all of the Obligations of Grantor have been indefeasibly paid and satisfied in full and the Credit Agreement and Revolving
Credit Commitments have been terminated (other than Indemnification Obligations which survive the Credit Agreement), Grantor will not enter into any agreement, other than the Polar License Agreement, which is inconsistent with the obligations of
Grantor under this Agreement, the Obligations of Grantor under the Credit Agreement or which may restrict or impair the rights or priorities of Agent hereunder. 
  

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 (b) If Grantor acquires rights of ownership to any new trademarks, excluding applications
for U.S. Federal registration of marks filed under 15 U.S.C. 1051(b) and in which no amendment to allege use under 15 U.S.C. 1051(c) or statement of use under 15 U.S.C. 1051(d) has been filed, not listed on Schedule A/Schedule B
attached hereto (“Additional Trademarks”), then (i) the provisions of this Agreement shall be deemed to automatically apply thereto and such Additional Trademarks shall be deemed part of the Trademarks, (ii) Grantor shall give Agent
written notice promptly upon application therefore, and (iii) Grantor shall promptly deliver to Agent with respect to such Additional Trademarks a Supplement to Trademark Security Agreement in the form attached hereto as Exhibit II,
duly completed and executed by Grantor and accompanied by a fully completed Schedule A-1/Schedule B-1 with respect to such Additional Trademarks. Each such Schedule A-1/Schedule B-1 attached to each such Supplement to
Trademark Security Agreement shall be incorporated and become a part of Schedule A/Schedule B attached hereto and all references to Schedule A contained in this Agreement shall be deemed, for all purposes, to also include each such
Schedule A-1/Schedule B-1. 
  
 5. So long as this
Agreement is in effect and so long as Grantor has not received notice from Agent that an Event of Default has occurred and is continuing under the Credit Agreement and that Agent has elected to exercise its rights hereunder, (i) as between Grantor
and Agent, Grantor shall continue to have the right to use the Trademarks and (ii) Agent shall have no right to use the Trademarks or issue any exclusive or non-exclusive license with respect thereto, or assign, pledge or otherwise transfer title in
the Trademarks to anyone else. 
  
 6. Grantor agrees not to sell,
grant any license, grant any option, assign or further encumber its rights and interest in the Trademarks without prior written consent of Agent or as required pursuant to the Polar License Agreement or as may be expressly permitted under the Credit
Agreement. 
  
 7. Following the occurrence and during the
continuance of an Event of Default under the Credit Agreement (including without limitation an Event of Default arising from any failure of Grantor to comply with any covenant or undertaking under this Agreement), Agent, as the holder of a security
interest, under the Uniform Commercial Code, as now or hereafter in effect in the jurisdiction whose law governs the interpretation of the Credit Agreement, may take such action permitted under the Credit Agreement and Other Documents, hereunder or
under any law, in its exclusive discretion, to record, foreclose upon or otherwise exercise its rights against the Trademarks covered hereby. For such purposes, and only upon the occurrence and during the continuance of an Event of Default, Grantor
hereby authorizes, appoints and empowers Agent, its successors and assigns, and any officer or agent of Agent as Agent may select, in its exclusive discretion, as the true and lawful attorney-in-fact of Grantor, with the power to endorse the name of
Grantor on all applications, assignments, documents, papers and instruments necessary for Agent to record its interest in any Trademarks or Additional Trademarks in the United States Patent and Trademark Office or other appropriate trademark office
including, without limitation, the power to execute on behalf of Grantor a Supplement to Trademark Security Agreement, to use the Trademarks or to grant or issue any exclusive or non-exclusive license under the Trademarks to anyone else, or
necessary for Agent to assign, pledge, convey or otherwise transfer title in or dispose of the Trademarks to anyone else including, without limitation, the power to execute on behalf of Grantor a trademark assignment in the form attached hereto as
Exhibit I. Agent acknowledges that any assignment, pledge, conveyance or other transfer of title in the Trademarks is subject to the Polar License Agreement, Grantor hereby ratifies all that such attorney shall lawfully do or cause to
be done by virtue hereof and in accordance with the terms hereof, except for the gross negligence or willful misconduct of such attorney. This power of attorney shall be irrevocable for the life of this Agreement, the Credit Agreement, Other
Documents, and until all of the Obligations of Grantor are indefeasibly paid and satisfied in full and the Credit Agreement and the Revolving Credit Commitments are terminated. Agent covenants that no action taken pursuant to the rights granted in
this Section 7 will colorably constitute an assignment of any of the Trademarks or Additional Trademarks without its associated goodwill. 
  

 3 

 8. This Agreement shall be subject to the terms, conditions and provisions set forth in the Credit
Agreement and may not be modified without the written consent of the parties hereto. 
  
 9. All rights and remedies herein granted to Agent shall be in addition to any rights and remedies granted to Agent under the Credit Agreement and Other Documents and shall be cumulative. In the event of an
inconsistency between this Agreement and the Credit Agreement, the language of the Credit Agreement shall control. All obligations of the Grantor under this Agreement that are addressed in the Credit Agreement shall be satisfied by compliance by the
Grantor with the Credit Agreement. 
  
 10. Upon full and
unconditional satisfaction and performance of all of the Obligations of Grantor and termination of the Credit Agreement and the Revolving Credit Commitments, or upon assignment by Grantor of any of the Trademarks as required by the Polar Licensing
Agreement, Agent shall execute and deliver to Grantor all documents reasonably necessary to terminate the security interest of Agent in the Trademarks. 
  
 11. Any and all reasonable fees, costs and expenses, of whatever kind or nature, including the attorneys’ fees and legal expenses incurred by Agent
in connection with the preparation and execution of this Agreement and all other documents relating hereto and the consummation of this transaction, the filing or recording of any documents (including all taxes in connection therewith) in public
offices, the payment or discharge of any taxes, counsel fees, maintenance fees, encumbrances or costs otherwise incurred in protecting, maintaining, or preserving the Trademarks, or in defending or prosecuting any actions or proceedings arising out
of or related to the Trademarks, or defending, protecting, enforcing or terminating the rights of Agent hereunder, in each case in accordance with the terms of this Agreement and the Credit Agreement and Other Documents, shall be borne and paid by
Grantor on demand by Agent and until so paid shall be added to the principal amount of the Obligations of Grantor and shall bear interest at the highest rate applicable to Revolving Loans from time to time under the Credit Agreement. 
  
 12. Subject to any applicable terms of the Credit Agreement, Grantor shall
have the duty to prosecute diligently any trademark application with respect to the Trademarks pending as of the date of this Agreement or thereafter to preserve and maintain all rights in the Trademarks, provided, however that Grantor may, in its
reasonable business judgment, abandon any application among the Trademarks or permit any registration among the Trademarks to be cancelled, and upon the request of Agent, Grantor shall make federal or other appropriate application on registrable but
unregistered trademarks belonging to Grantor. Any expenses incurred in connection with such applications with such applications shall be borne exclusively by Grantor. Subject to any applicable terms of the Credit Agreement, Grantor shall not abandon
any Trademark without the prior written consent of the Agent. 
  
 13. Grantor shall have the right to bring suit in its own name to enforce the Trademarks, in which event Agent may, if Grantor reasonably deems it necessary, be joined as a nominal party to such suit if Agent shall have been satisfied, in
its sole discretion, that it is not thereby incurring any risk of liability because of such joinder. Grantor shall promptly, upon demand, reimburse and indemnify Agent for all damages, costs and expenses, including attorneys’ fees, and costs,
incurred by Agent in the fulfillment of the provisions of this paragraph. 
  
 14. If an Event of Default has occurred and is continuing under the Credit Agreement, Agent may, without any obligation to do so, complete any obligation of Grantor hereunder, in the name of Grantor or in the name, of
Agent, but at the expense of Grantor, and Grantor hereby agrees to reimburse Agent in full for all costs and expenses, including without limitation all attorneys’ fees, incurred by Agent in protecting, defending and maintaining the Trademarks.

  

 4 

 15. No course of dealing between Grantor and Agent nor any failure to exercise, nor any delay in
exercising, on the part of Agent, any right, power or privilege hereunder, shall operate as a waiver thereof, and all of the rights and remedies of Agent with respect to the Trademarks whether established hereby or by the Credit Agreement and Other
Documents, or by any other future agreements between Grantor and Agent or by law, shall be cumulative and may be exercised singularly or concurrently. 
  
 16. The provisions of this Agreement are severable and the invalidity or unenforceability of any provision herein shall not affect the remaining
provisions which shall continue unimpaired and in full force and effect. 
  
 17. This Agreement shall inure to the benefit of and be binding upon the respective successors and permitted assigns of the parties. 
  
 18. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA
WITHOUT REFERENCE TO ITS CONFLICTS OF LAWS RULES. Any judicial proceeding brought by or against any Grantor with respect to this Agreement or any related agreement may be brought in any court of competent jurisdiction located in the Commonwealth of
Pennsylvania, and, by execution and delivery of this Agreement, Grantor accepts for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be
bound by any judgment rendered thereby in connection with this Agreement. Grantor hereby waives personal service of any and all process upon it and consents that all such service of process may be made by internationally recognized overnight courier
directed to Grantor at its address set forth in Section 15.6 of the Credit Agreement and service so made shall be deemed completed one (1) day after the same shall have been so delivered to such overnight courier. Nothing herein shall affect the
right to serve process in any manner permitted by law or shall limit the right of Agent or any Lender to bring proceedings against Grantor in the courts of any other jurisdiction. Grantor waives any objection to jurisdiction and venue of any action
instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. Any judicial proceeding by Grantor against Agent or any Lender involving, directly or indirectly, any matter or
claim in any way arising out of, related to or connected with this Agreement or any related agreement, shall be brought only in a federal or state court located in the Counties of Philadelphia or Montgomery, Commonwealth of Pennsylvania. 

 
 19. GRANTOR HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF
GRANTOR, LENDERS AND/OR AGENT OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE AND GRANTOR HEREBY CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT GRANTOR, AGENT AND/OR LENDERS MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF GRANTOR TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 
  

 5 

 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have executed this Trademark
Security Agreement the day and year first above written. 
  

			
	WINCUP HOLDINGS, INC.
		
	 By:
	 	/s/    R. RADCLIFFE
HASTINGS        
	 Name:
	 	 
	 Title:
	 	 

  

			
	 Acknowledged and accepted:

	
	PNC BANK, NATIONAL ASSOCIATION,
	 As Agent under the Credit Agreement

		
	By:	 	/s/    JANEANN FEHRLE VP        
	 	 	Janeann Fehrle, Vice President

  

 6 

 CORPORATE ACKNOWLEDGMENT 
  

			
	 UNITED STATES OF AMERICA
	  	:
	 COMMONWEALTH OF PENNSYLVANIA
	  	: SS
	 COUNTY OF PHILADELPHIA
	  	:

  
 On this 17th of November, 2003 before me personally appeared R. Radcliffe Hastings, to me known and being duly sworn, deposes and says that
s/he is authorized to sign on behalf of WINCUP HOLDINGS, INC.; that s/he signed the Agreement attached hereto pursuant to the authority vested in him by law; that the within Agreement is the voluntary act of such corporation; and s/he desires the
same to be recorded as such. 
  

	
	
	/s/    DOROTHY L. WYDRA        
	 Notary Public

	
	 My Commission Expires: 10/31/06

	
	 NOTARIAL SEAL
 DOROTHY L. WYDRA, Notary Public
 City of Philadelphia, Phila. County
 My Commission Expires October 31, 2006

  

 Exhibit I 
  

TRADEMARK ASSIGNMENT 
  
 WHEREAS, WINCUP HOLDINGS, INC. (“Grantor”) is the registered owner of the United States trademarks, tradenames and registrations listed on
Schedule “A”/Schedule “B” attached hereto and made a part hereof (the “Trademarks”), which are registered in the United States Patent and Trademark Office (with respect to Schedule A) or the trademark
office of another jurisdiction or trademark authority (with respect to Schedule B); and 
  
 WHEREAS,                              (“Grantee”), having a
place of business at
                                        ,
is desirous of acquiring said Trademarks; 
  
 NOW THEREFORE, for
good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound hereby, Grantor, its successors and assigns, does hereby transfer, assign and set over unto Grantee, its successors, transferees and assigns,
all of its present and future right, title and interest in and to the Trademarks and all proceeds thereof and all goodwill associated therewith. 
  
 IN WITNESS WHEREOF, the undersigned has caused this Trademark Assignment to be executed as of the
             day of                     ,
                    . 
  

			
	 WINCUP HOLDINGS, INC.

		
	By:	 	 
	 	 	 Attorney-in-fact

  

			
	 COMMONWEALTH OF PENNSYLVANIA
	  	:
	 	  	: SS
	 COUNTY OF
	  	:

  
 On this
             day of             ,             
before me, a Notary Public for the said County and Commonwealth, personally appeared known to me or satisfactorily proven to me to be attorney-in-fact on behalf of WINCUP HOLDINGS, INC. (“Grantor”) and s/he acknowledged to me that s/he
executed the foregoing Trademark Assignment on behalf of Grantor, and as the act and deed of Grantor for the purposes therein contained. 
  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal. 
  

	
	
	 
	 Notary Public

  

	
	 My Commission Expires:

	
	  

  

 POWER OF ATTORNEY 
  
 WINCUP HOLDINGS, INC. (“Grantor”), hereby authorizes PNC BANK, NATIONAL ASSOCIATION, its successors and assigns,
and any officer or agent thereof (collectively, “Agent”), as agent for the Lenders under the Fourth Amended and Restated Revolving Credit and Security Agreement among Agent, Fleet Capital Corporation as documentation agent, the financial
institutions which are now or which hereafter become a party thereto as Lenders, the Guarantor named therein, and the other Borrowers named as Borrowers therein, dated December 26, 2001 (as same has and may hereafter be amended, modified, restated
or replaced from time to time, the “Credit Agreement”), as the true and lawful attorney-in-fact of Grantor, with the following powers exercisable only following the occurrence and during the continuance of an Event of Default under the
Credit Agreement (including without limitation an Event of Default arising from any failure of Grantor to comply with any covenant or undertaking under the Trademark Security Agreement referenced below),with the power to endorse the name of Grantor
on all applications, assignments, documents, papers and instruments necessary for Agent to enforce and effectuate its rights under a certain Trademark Security Agreement between Grantor and Agent dated the date hereof (as it may hereafter be
supplemented, restated, superseded, amended or replaced, the “Trademark Agreement”), including, without limitation, the power to record its interest in any Trademarks (as defined in the Trademark Agreement) or Additional Trademarks (as
defined in the Trademark Agreement) in the United States Patent and Trademark Office or other appropriate trademark office including, without limitation, the power to execute on behalf of Grantor a supplement to Trademark Security Agreement, to use
the Trademarks or to grant or issue any exclusive or non-exclusive license under the Trademarks to anyone else, or to assign, pledge, convey or otherwise transfer title in or dispose of the Trademarks to anyone else including, without limitation,
the power to execute on behalf of Grantor a trademark assignment, in each case subject to the terms of the Trademark Agreement. Nothing herein contained shall obligate Agent to use or exercise any rights granted herein. 
  
 This Power of Attorney is given and any action taken pursuant hereto is
intended to be so given or taken pursuant to and subject to the provisions of the Credit Agreement. 
  
 Grantor hereby unconditionally ratifies all that such attorney shall lawfully do or cause to be done by virtue hereof and in accordance with the terms of
the Trademark Agreement, the Credit Agreement and the Other Documents. 
  
 This Power of Attorney shall be irrevocable for the life of the Trademark Agreement. 
  
 IN WITNESS WHEREOF, the Grantor has executed this Power of Attorney, this 17th day
of November, 2003. 
  

			
	WINCUP HOLDINGS, INC.
		
	By:	 	/s/    R. RADCLIFFE
HASTINGS        
	 Name:
	 	 
	 Title:
	 	 

  

 CORPORATE ACKNOWLEDGMENT 
  

			
	 UNITED STATES OF AMERICA
	  	:
	 COMMONWEALTH OF PENNSYLVANIA
	  	: SS
	 COUNTY OF PHILADELPHIA
	  	:

  
 On this 17th of November, 2003 personally appeared R. Radcliffe Hastings, to me known and being duly sworn, deposes and says that
authorized to sign on behalf of WINCUP HOLDINGS, INC., the Grantor corporation described in the foregoing Power of Attorney; that s/he signed the Power of Attorney pursuant to the authority vested in her/him by law; that the within Power of Attorney
is the voluntary act of such corporation; and s/he desires the same to be recorded as such. 
  

	
	
	/s/    DOROTHY L. WYDRA        
	 Notary Public

  
 My Commission Expires: 10/31/06

  

	
	 NOTARIAL SEAL
 DOROTHY L. WYDRA, Notary Public
 City of Philadelphia, Phila. County
 My Commission Expires October 31, 2006

  

 SCHEDULE “A” 
  
 UNITED STATES TRADEMARKS 
  

									
	 Name/Title

	  	 Registration
Number

	  	 Class

	  	 Date of Registration/
(Application No.)

	  	 Country

	 PRO
	  	1,817,748	  	8  	  	1/25/94  	  	USA
	 GRANDE
	  	1,849,789	  	8  	  	8/26/94  	  	USA
	 MIDI
	  	1,818,750	  	8  	  	2/1/94    	  	USA
	 Misc. Design (circle design)
	  	2,083,426	  	21	  	7/29/97  	  	USA
	 POLAR XL
	  	1,846,768	  	21	  	7/26/94  	  	USA
	 SIGNATURE
	  	1,816,921	  	21	  	1/18/94  	  	USA
	 POLAR RX
	  	1,961,995	  	10	  	3/12/96  	  	USA
	 POLAR PERFECTION
	  	2,320,331	  	21	  	2/22/00  	  	USA
	 Misc. Design (circle design)
	  	2,041,995	  	21	  	3/4/97    	  	USA
	 POLARINFINITY
	  	2,318,025	  	21	  	2/15/00  	  	USA
	 POLARPAC
	  	2,367,525	  	21	  	7/18/00  	  	USA
	 PRODIGY
	  	2,092,046	  	8  	  	8/26/97  	  	USA
	 POLAR AVALON
	  	2,330,984	  	21	  	3/21/00  	  	USA
	 POLAR EDEN
	  	2,330,983	  	21	  	3/21/00  	  	USA
	 ALPHA
	  	2,257,861	  	21	  	6/29/99  	  	USA
	 POLAR ALPHA
	  	2,329,344	  	21	  	3/14/00  	  	USA
	 CLARUS
	  	2,665,356	  	21	  	12/24/02	  	USA
	 POLAR CLARUS
	  	2,638,421	  	21	  	10/22/02	  	USA

  

 SCHEDULE “B” 
  
 FOREIGN TRADEMARKS 
  

							
	 Name/Title

	 	 Country

	 	 Registration Number/Application No.

	  	 Date of Registration/Date
 of Application

  

 EXHIBIT II 
 Supplement to Trademark Security Agreement 
  
 This Supplement to Trademark Security Agreement (“Supplement”), dated [                     ,
        ], is entered into by WINCUP HOLDINGS, INC., a Delaware corporation having a mailing address at Three Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, PA 19087
(“Grantor”) and delivered to PNC BANK, NATIONAL ASSOCIATION having a mailing address at 1600 Market Street, Philadelphia, PA 19103, Attn: Janeann Fehrle (“Agent”) as agent for the Lenders under the Credit Agreement (as
defined below). 
  
 Background 
  
 A. This Supplement is being delivered in connection with that certain Fourth
Amended and Restated Revolving Credit and Security Agreement among Agent, Fleet Capital Corporation as documentation agent, the financial institutions which are now or which hereafter become a party thereto as Lenders, the Grantor named therein, and
the other Borrowers named as Borrowers therein, dated December 26, 2001 (as same has and may hereafter be amended, modified, restated or replaced from time to time, the “Credit Agreement”), and that certain Trademark Security Agreement,
dated as of the date of the Sixth Amendment to the Credit Agreement, by and between Grantor and Agent (as it may have been and hereafter be amended, supplemented, restated, replaced, or otherwise modified from time to time, the “Trademark
Security Agreement”). Capitalized terms used but not defined herein shall have the respective meanings given to such terms in, or by reference in, the Trademark Security Agreement. 
  
 B. Pursuant to the Credit Agreement and the Trademark Security Agreement, Grantor granted to Agent for the benefit of
Lenders a lien on and security interest in all of the Trademarks of Grantor (as defined therein). 
  
 C. Grantor has acquired certain additional trademarks, servicemarks and tradenames as set forth on Schedule A-1/Schedule B-1 attached hereto
and made part hereof (collectively, “Additional Trademarks”). Grantor and Agent desire to execute this Supplement for the purpose of, inter alia, granting, ratifying and confirming the lien and security interest of Agent on
and in the Additional Trademarks, as more fully set forth in the Trademark Security Agreement, and for recording in the United States Patent and Trademark Office or other appropriate trademark office. 
  
 NOW THEREFORE, with the foregoing Background hereinafter deemed incorporated
by reference and made a part hereof, and for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Grantor, intending to be legally bound hereby, covenants and agrees as follows: 
  
 1. In consideration of and pursuant to the terms of the
Credit Agreement and Other Documents, and for other good, valuable and sufficient consideration, the receipt of which is hereby acknowledged, and to secure the Obligations, Grantor grants a lien and security interest to Agent, for the benefit of
Lenders, in all of its present and future right, title and interest in and to the Additional Trademarks, together with all the goodwill of Grantor associated with and represented by the Additional Trademarks, and the registration thereof and the
right (but not the obligation) to sue for past, present and 

  

 
future infringements, and the proceeds thereof, including, without limitation, license royalties and proceeds of infringement suits. 
  
 2. Grantor acknowledges and confirms that the rights and
remedies of Agent with respect to the security interest in the Additional Trademarks granted hereby are more fully set forth in the Credit Agreement and the Trademark Security Agreement, the terms and provisions of which are incorporated herein by
reference. All references to the Trademark Security Agreement contained in the Credit Agreement or Other Documents shall be deemed, for all purposes, to also refer to and include this Supplement. 
  
 3. Schedule A/Schedule B to the Trademark
Agreement is hereby supplemented by the information contained on Schedule A-1/Schedule B-1 attached hereto. All references to Schedule A/Schedule B contained in the Credit Agreement, Trademark Security Agreement or Other
Documents shall be deemed, for all purposes, to also refer to and include Schedule A-1/Schedule B-1. 
  
 4. Except as expressly amended by this Supplement, all of the terms, conditions and provisions of the Credit Agreement and the Trademark
Security Agreement are hereby ratified and continue unchanged and remain in full force and effect. 
  
 5. This Supplement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all
of which taken together shall constitute one and the same agreement. Signature by facsimile shall also bind the parties hereto. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Supplement on the day and year first above written. 
  

			
	WINCUP HOLDINGS, INC.
		
	By:	 	 
	 Name:
	 	 

  

			
	 Approved and accepted:
 PNC BANK, NATIONAL
ASSOCIATION
 As Agent under the Credit Agreement

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 CORPORATE ACKNOWLEDGMENT 
  

			
	 UNITED STATES OF AMERICA
	  	:
	 STATE OF _________________
	  	: SS
	 COUNTY OF _______________
	  	:

  
 On this
[         day of             , 200    ], before me personally appeared
            , who being duly sworn, deposes and says that he/she is authorized to sign on behalf of WinCup Holdings, Inc., the corporation described in the foregoing document, that
he/she in such capacity is authorized to execute on behalf of the said corporation the foregoing document for the purposes contained therein, and that he/she is the person whose name and signature is subscribed to the foregoing document. 

 

	
	
	 
	 Notary Public

	
	 My commission expires:

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