Document:

Additional Secured Party Consent

 Exhibit 10.1 

Execution Version 
 ADDITIONAL
SECURED PARTY CONSENT 
 February 8, 2017 

Wilmington Trust, National Association 
 50 South Sixth Street,
Suite 1290 
 Minneapolis, MN 55402 
 Attention: Hexion
Administrator 
 The undersigned is the Authorized Representative for persons wishing to become Secured Parties (the “New Secured
Parties”) under the Collateral Agreement, dated as of March 28, 2013 (as amended, supplemented or otherwise modified from time to time, the “Collateral Agreement”), among HEXION INC., a New Jersey corporation, as
issuer, each Subsidiary Party (as defined therein) party thereto and WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral agent (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”).
Capitalized terms in this Additional Secured Party Consent but not otherwise defined herein have the meanings set forth in the Collateral Agreement. 

In consideration of the foregoing, the undersigned hereby: 

(i) represents that it has been duly authorized by the New Secured Parties to (x) become a party to the Collateral Agreement and a party
to the First Lien Intercreditor Agreement on behalf of the New Secured Parties under that certain Indenture, dated as of the date hereof (the “New First Lien Indenture”), by and among Wilmington Trust, National Association, as
trustee, Hexion Inc., as issuer after giving effect to the Issuer’s Assumption (as defined in the New First Lien Indenture), and the guarantors party thereto from time to time (as amended, supplemented or otherwise modified from time to time,
the “New Agreement” and the obligations under the New Agreement, the “New Secured Obligations”) and (y) act as the Authorized Representative for the New Secured Parties under each of the Collateral Agreement
and the First Lien Intercreditor Agreement; 
 (ii) acknowledges that it has received a copy of the Collateral Agreement and the First Lien
Intercreditor Agreement; 
 (iii) appoints and authorizes the Collateral Agent to take such action as agent on its behalf and on behalf of
all other Secured Parties and to exercise such powers under the Collateral Agreement as are delegated to the Collateral Agent by the terms thereof, together with all such powers as are reasonably incidental thereto; and 

(iv) accepts and acknowledges the terms of the Collateral Agreement applicable to it and the New Secured Parties and agrees to serve as
Authorized Representative for the New Secured Parties with respect to the New Secured Obligations and agrees on its own behalf and on behalf of the New Secured Parties to be bound by the terms of the Collateral Agreement applicable to holders of
Other First Priority Obligations, with all the rights and obligations of a Secured Party thereunder and bound by all the provisions thereof as fully as if it had been a Secured Party on the effective date of the Collateral Agreement. 

 Each of the parties hereto, being all the parties to the Collateral Agreement, hereby acknowledge
and agree to amend the Collateral Agreement by deleting the definition of “First Lien Intercreditor Agreement” set forth therein and replacing such definition with the following: 

“First Lien Intercreditor Agreement” means that certain First Lien Intercreditor Agreement, dated as of April 15, 2015,
among the Collateral Agent, Wilmington Trust, National Association, as authorized representative under the Existing First Lien Agreement (as defined therein), Wilmington Trust, National Association, as the Initial Other Authorized Representative (as
defined therein), and each additional authorized representative from time to time party thereto, Hexion LLC, Hexion Inc. (f/k/a Momentive Specialty Chemicals Inc.) and each other grantor party thereto from time to time, as amended, restated,
supplemented, replaced or otherwise modified from time to time. 
 The Collateral Agent, by acknowledging and agreeing to this Additional
Secured Party Consent, accepts the appointment set forth in clause (iii) above. 
 The name and address of the Authorized
Representative for purposes of Section 6.01 of the Collateral Agreement are as follows: 
 Wilmington Trust, National Association 

Global Capital Markets 
 50 South
Sixth Street 
 Suite 1290 

Minneapolis, Minnesota 55402 

Telephone: 612-217-5632 

Facsimile: 612-217-5651 

Attention: Hexion Administrator 

THIS ADDITIONAL SECURED PARTY CONSENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK. 

  
 [Remainder of page
intentionally left blank; signature pages follow.] 

 IN WITNESS WHEREOF, the undersigned has caused this Additional Secured Party Consent to be
duly executed by its authorized officer as of the date set forth above. 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Authorized Representative for the New Secured Parties
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President

  

			
	Acknowledged and Agreed:
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent

		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Authorized Representative for the Notes Obligations

		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Authorized Representative for the Initial Other First Priority Obligations
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President

  
 [Signature Page to
Additional Secured Party Consent] 

			
	HEXION INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION INVESTMENTS INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION INTERNATIONAL INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION CI HOLDING COMPANY (CHINA) LLC
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HSC CAPITAL CORPORATION
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Additional Secured Party Consent] 

			
	LAWTER INTERNATIONAL INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	OILFIELD TECHNOLOGY GROUP, INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	NL COOP HOLDINGS LLC
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Additional Secured Party Consent]Third Joinder to Second Lien Intercreditor Agreement

 Exhibit 10.2 

Execution Version 
 THIRD
JOINDER AND SUPPLEMENT 
 to 

INTERCREDITOR AGREEMENT 

Reference is made to (i) that certain Amended and Restated Intercreditor Agreement, dated as of January 31, 2013 (as supplemented by
the First Joinder and the Second Joinder referred to below, and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Second Lien Intercreditor Agreement”), among Wilmington Trust
Company, as Trustee and as Collateral Agent (the “Second Lien Trustee”) (as Second-Priority Agent under the Second Lien Intercreditor Agreement for the holders of the Notes), Wilmington Trust, National Association (as successor by
merger to Wilmington Trust FSB), as trustee for the holders of the notes (the “1.5 Lien Notes”) issued under the 1.5 Lien Indenture (the “1.5 Lien Trustee”) (as Senior-Priority Agent under the Second Lien
Intercreditor Agreement for the holders of the 1.5 Lien Notes), Wilmington Trust, National Association, as trustee (the “6.625% First Lien Notes Trustee”) for the holders of the notes (the “6.625% First Lien Notes”)
issued under the First Lien Indenture, and as Senior-Priority Agent under the Second Lien Intercreditor Agreement for the holders of the 6.625% First Lien Notes, Hexion LLC (“Holdings”), Hexion Inc. (the “Company”),
and each subsidiary of the Company party thereto, as such intercreditor agreement was supplemented pursuant to (x) that certain Joinder and Supplement to Intercreditor Agreement, dated as of March 28, 2013 (the “First
Joinder”), among JPMorgan Chase Bank, N.A. (the “ABL Credit Agreement Agent”), as Senior-Priority Agent for the ABL Secured Parties (as defined in the First Joinder), JPMorgan Chase Bank, N.A., as intercreditor agent (the
“Intercreditor Agent”), and the other parties thereto, and (y) that certain Second Joinder and Supplement to Intercreditor Agreement, dated as of April 15, 2015 (the “Second Joinder”), among Wilmington
Trust, National Association, as trustee (the “10.00% First Lien Notes Trustee”) for the holders of the New First Lien Notes (as defined in the Second Joinder, the “10.00% First Lien Notes”), and the other parties
thereto; and (ii) the Second Secured Notes Indenture. Capitalized terms used but not defined herein shall have the meanings assigned in the Second Lien Intercreditor Agreement. 

This Third Joinder and Supplement to the Second Lien Intercreditor Agreement (this “Agreement”), dated as of February 8,
2017 (the “Effective Date”), by and among (i) Wilmington Trust, National Association, as trustee (the “New First Lien Notes Trustee”) pursuant to that certain Indenture, dated as of the date hereof, among the
Company, as issuer after giving effect to the Issuer’s Assumption (as defined in the New First Lien Indenture), the guarantors party thereto from time to time and the New First Lien Notes Trustee (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “New First Lien Indenture”), (ii) the Intercreditor Agent, (iii) the ABL Credit Agreement Agent (as Senior-Priority Agent under the Second Lien Intercreditor
Agreement for the ABL Secured Parties), (iv) the Second Lien Trustee (as Second-Priority Agent under the Second Lien Intercreditor Agreement for the holders of the Notes), (v) the 6.625% First Lien Notes Trustee (as Senior-Priority Agent
under the Second Lien Intercreditor Agreement for the holders of the 6.625% First Lien Notes), (vi) the 10.00% First Lien Notes Trustee (as Senior-Priority Agent under the Second Lien Intercreditor Agreement for the holders of the 10.00% First
Lien Notes), (vii)

 
Wilmington Trust, National Association, as trustee (the “New 1.5 Lien Trustee”) and Senior-Priority Agent under the Second Lien Intercreditor Agreement on behalf of the holders
of the notes (the “New 1.5 Lien Notes”) issued under the Notes Indenture, dated as of the date hereof, among the New 1.5 Lien Trustee, Holdings, the Company and each subsidiary of the Company party thereto, (viii) Holdings,
(ix) the Company and (x) each Subsidiary of the Company listed on Schedule I hereto, has been entered into (A) to record the accession of the New First Lien Notes Trustee as an additional Senior-Priority Agent under the Second
Lien Intercreditor Agreement on behalf of the holders of the 10.375% first-priority senior secured notes due 2022 (the “New First Lien Notes”) issued under the New First Lien Indenture, (B) with respect to the Liens securing
certain Obligations as set forth below, to confirm and evidence that such Liens shall, for purposes of the Second Lien Intercreditor Agreement, be equal and ratable with all Liens on the Common Collateral securing any other Senior Lender Claims and
(C) for certain related purposes. 
 The parties to this Agreement hereby agree as follows: 

A. The New First Lien Notes Trustee, as trustee for the holders of the New First Lien Notes, agrees to become, with immediate effect, a party
to and agrees to be bound by the terms of the Second Lien Intercreditor Agreement as Senior-Priority Agent for the holders of the New First Lien Notes, as if it had originally been party to the Second Lien Intercreditor Agreement as Senior-Priority
Agent for the holders of the New First Lien Notes. 
 B. The New First Lien Indenture has been designated by the Company as being included
in the definition of “Credit Agreement” set forth in the Second Secured Notes Indenture. The New First Lien Indenture, the New First Lien Notes, the Security Documents (as defined in the New First Lien Indenture) (the “Security
Documents”) and any related document or instrument executed and delivered pursuant to any of the foregoing shall constitute “Senior Credit Documents” as defined in the Second Secured Notes Indenture. 

C. The Liens securing the Obligations under the New First Lien Notes, the New First Lien Indenture and any other document or agreement entered
into pursuant thereto granted pursuant to the Security Documents have been designated by the Company as having been incurred pursuant to clause (8) of the definition of “Permitted Liens” set forth in the Second Secured Notes
Indenture. The Obligations under the New First Lien Notes, the New First Lien Indenture and any other document or agreement entered into pursuant thereto constitute First-Lien Indebtedness (which First-Lien Indebtedness, for the avoidance of doubt,
also constitutes Future First-Lien Indebtedness) and Senior Lender Claims. 
 D. The Liens on the Common Collateral securing such Senior
Lender Claims shall have priority over and be senior in all respects to all Liens on the Common Collateral securing any Second-Priority Claims on the terms set forth in the Second Lien Intercreditor Agreement and, subject to the terms of any other
applicable intercreditor agreement then in effect, shall be equal and ratable with all Liens on the Common Collateral securing any other Senior Lender Claims. 

  
 2 

 E. So long as the Discharge of Senior Lender Claims has not occurred and subject to the terms of
any other applicable intercreditor agreement then in effect, the Common Collateral or proceeds thereof received in connection with the sale or other disposition of, or collection on, the Common Collateral upon the exercise of remedies shall be
applied by the Intercreditor Agent ratably to the Senior Lender Claims and, with respect to each class of Senior Lender Claims, in such order as is specified in the relevant Senior Lender Documents until the Discharge of Senior Lender Claims has
occurred. 
 F. The New First Lien Notes Trustee confirms that its address for notices pursuant to the Second Lien Intercreditor Agreement
is as follows: 
 Wilmington Trust, National Association 

Global Capital Markets 
 50 South
Sixth Street 
 Suite 1290 

Minneapolis, Minnesota 55402 

Telephone: 612-217-5632 

Facsimile: 612-217-5651 

Attention: Hexion Administrator 

G. Each party to this Agreement confirms the acceptance of the New First Lien Notes Trustee, acting for the benefit of the holders of the New
First Lien Notes, as a Senior-Priority Agent for purposes of the Second Lien Intercreditor Agreement. 
 H. Except as expressly provided
herein, in the Second Lien Intercreditor Agreement or in any Senior Lender Documents, the New First Lien Notes Trustee is acting in the capacity of Senior-Priority Agent solely with respect to the Senior Lender Claims owed to the New First Lien
Notes Trustee and the holders of the New First Lien Notes issued pursuant to the New First Lien Indenture. For the avoidance of doubt, the provisions of Article 7 of the New First Lien Indenture applicable to the New First Lien Notes Trustee
thereunder shall also apply to the New First Lien Notes Trustee acting under or in connection with the Second Lien Intercreditor Agreement. 

I. This Agreement and any claim, controversy or dispute arising under or related to such Agreement shall be construed in accordance with and
governed by the laws of the State of New York. 
 J. This Agreement may be executed in counterparts, each of which shall constitute an
original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission or other electronic transmission shall be as effective as delivery of a manually
signed counterpart of this Agreement. 

  
 3 

 [SIGNATURE PAGES FOLLOW] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.

  

			
	JPMORGAN CHASE BANK, N.A.,
	as Intercreditor Agent
		
	By:	 	 /s/ Peter S. Predun

	Name:	 	Peter S. Predun
	Title:	 	Executive Director
	
	JPMORGAN CHASE BANK, N.A.,
as Senior-Priority Agent for the ABL Secured Parties
		
	By:	 	 /s/ Peter S. Predun

	Name:	 	Peter S. Predun
	Title:	 	Executive Director

  
 [Signature Page to
Third Joinder and Supplement to Second Lien Intercreditor Agreement] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as New First Lien Notes Trustee, as Senior-Priority Agent for holders of the New First Lien Notes
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Senior-Priority Agent for holders of the 6.625% First Lien Notes
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Senior-Priority Agent for holders of the 10.00% First Lien Notes
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President
	
	WILMINGTON TRUST COMPANY,
as Second Lien Trustee, as Second-Priority Agent for holders of the Notes
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as New 1.5 Lien Trustee, as Senior-Priority Agent for holders of the New 1.5 Lien Notes
		
	By:	 	 /s/ Jane Schweiger

	Name:	 	Jane Schweiger
	Title:	 	Vice President

  
 [Signature Page to
Third Joinder and Supplement to Second Lien Intercreditor Agreement] 

 
			
	HEXION LLC
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION INVESTMENTS INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION INTERNATIONAL INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HEXION CI HOLDING COMPANY (CHINA) LLC
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	HSC CAPITAL CORPORATION
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Third Joinder and Supplement to Second Lien Intercreditor Agreement] 

 
			
	LAWTER INTERNATIONAL INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	OILFIELD TECHNOLOGY GROUP, INC.
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer
	
	NL COOP HOLDINGS LLC
		
	By:	 	 /s/ Mark D. Bidstrup

	Name:	 	Mark D. Bidstrup
	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Third Joinder and Supplement to Second Lien Intercreditor Agreement] 

 SCHEDULE I 

Subsidiary Parties 
 Hexion
Investments Inc. 
 Hexion International Inc. 
 Hexion CI
Holding Company (China) LLC 
 HSC Capital Corporation 
 Lawter
International Inc. 
 Oilfield Technology Group, Inc. 
 NL COOP
Holdings LLC

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