Document:

POL-EX10.3_2015.6.30

THIRD AMENDMENT TO 
AMENDED AND RESTATED CREDIT AGREEMENT

This THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this "Amendment") is entered into as of June 30, 2015, is by and among Wells Fargo Capital Finance, LLC, a Delaware limited liability company, in its capacity as agent pursuant to the Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, "Agent"), the lenders party hereto (individually, each a "Lender" and collectively, "Lenders"), PolyOne Corporation, an Ohio corporation (the "Parent"), GLS International, Inc., an Illinois corporation ("GLS"), NEU Specialty Engineered Materials, LLC, an Ohio limited liability company ("NEU", and together with Parent and GLS, each individually a "US Borrower" and collectively, "US Borrowers"), PolyOne Canada Inc., a federally incorporated Canadian corporation ("PolyOne Canada" or "Canadian Borrower", and, together with US Borrowers, each individually a "Borrower" and collectively, "Borrowers"), PolyOne LLC, a Delaware limited liability company ("PO LLC"), Polymer Diagnostics, Inc., an Ohio corporation ("Polymer"), Conexus, LLC, a Nevada limited liability company, f/k/a Conexus, Inc., a Nevada corporation ("Conexus"), M.A. Hanna Asia Holding Company, a Delaware corporation ("Hanna"), The ColorMatrix Corporation, an Ohio corporation ("CMC"), ColorMatrix Holdings, Inc., a Delaware corporation ("CM Holdings"), Chromatics, Inc., a Connecticut corporation ("Chromatics"), ColorMatrix Group, Inc., a Delaware corporation ("CM Group"), ColorMatrix – Brazil, LLC, an Ohio limited liability company ("CM Brazil"), Gayson Silicone Dispersions, Inc., an Ohio corporation ("Gayson"), Glasforms, Inc., a California corporation ("Glasforms"), PolyOne Designed Structures and Solutions LLC, a Delaware limited liability ("PolyOne DSS"), Franklin-Burlington Plastics, Inc., a Delaware corporation ("Franklin"; and, together with each of PO LLC, Polymer, Conexus, Hanna, CMC, CM Holdings, Chromatics, CM Group, CM Brazil, Gayson and PolyOne DSS, each individually a "US Guarantor" and collectively, "US Guarantors"), and PolyOne DSS Canada Inc., a federally incorporated Canadian corporation ("DSS Canada, Inc." and "Canadian Guarantor"; and together with the US Guarantors, each individually a "Guarantor" and collectively, "Guarantors").   
WHEREAS, Borrowers, Guarantors, Agent and Lenders are parties to that certain Amended and Restated Credit Agreement dated as of March 1, 2013 (as amended, restated, modified or supplemented from time to time, the "Credit Agreement");
WHEREAS, subject to terms and conditions hereof, Agent, the Lenders party hereto, Borrowers and Guarantors desire to amend the Credit Agreement as more fully described below; 
NOW, THEREFORE, for and in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Defined Terms.  For purposes of this Amendment, all terms used herein and not otherwise defined herein, including but not limited to, those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Credit Agreement.

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2.    Amendments.  In reliance upon the representations and warranties of the Loan Parties set forth in Section 4 below and subject to the conditions to effectiveness set forth in Section 5 below, the Loan Agreement is hereby amended as follows:
(a)    Section 2.3(e) of the Credit Agreement is hereby amended by (i) renumbering subclauses (iv) and (v) thereof as clauses (v) and (vi) thereof, respectively, and (ii) adding the following new clause (iv) in appropriate numeric order:
(iv)     Proceeds of Life Insurance Policies.  Within one (1) Business Day of the date of receipt by any Loan Party, any of its Subsidiaries, or Agent of any proceeds of any Eligible Life Insurance Policy, whether such proceeds are received as a result of the death of a Person covered thereby, the surrender and termination of such policy, a policy loan taken out under such policy, or otherwise, 100% of such proceeds shall be used first to prepay the outstanding principal amount of the Obligations and second, subject to the terms of any applicable Life Insurance Assignment, any additional proceeds shall be returned to the Borrowers.  The provisions of this Section 2.3(e)(iv) shall not be deemed to constitute consent to any action otherwise prohibited by the terms and conditions of this Agreement.
(b)    Section 4.18 of the Credit Agreement is hereby amended and restated in its entirety as follows:
4.18    Patriot Act; Anti-Corruption Laws.  To the extent applicable, each Loan Party is in compliance, in all material respects, with the (a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, (b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the "Patriot Act"); and (c) the Proceeds of Crime Money Laundering and Terrorist Finance Act (Canada) and the regulations promulgated thereunder.  No part of the proceeds of the loans made hereunder will be used by any Loan Party or any of their Affiliates, directly or indirectly, (i) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the FCPA, or (ii) in any other manner that would cause a violation in any material respect of any applicable anti-bribery laws.  No Loan Party nor any of its Subsidiaries, nor to the knowledge of any Loan Party, any director or officer, or any employee, agent or Affiliate of, any Loan Party or any of its Subsidiaries, has taken any action, directly or indirectly, that would result in a violation  in any material respect by such persons of any applicable anti-bribery law.  Furthermore, each Loan Party and, to the knowledge of each Loan Party, its Affiliates have conducted their businesses in compliance in all material respects with the UK Bribery Act, the FCPA and similar laws, rules or regulations, in each case, to the extent applicable to the Loan Parties and, in their reasonable business judgment, have instituted and maintain policies and procedures designed to ensure continued compliance therewith.

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(c)    Section 4.23 of the Credit Agreement is hereby amended and restated in its entirety as follows:
4.23    OFAC.  No Loan Party nor any of its Subsidiaries is in violation of any Sanctions applicable to the Loan Parties. No Loan Party nor any of its Subsidiaries, nor to the knowledge of any Loan Party, any director or officer, or any employee, agent or Affiliate of, any Loan Party or any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities, or (d) is located, organized or a resident of a country or territory that is, or whose government is, the subject of Sanctions. No proceeds of any Revolving Loan (including any Swing Loan, Protective Advance or Overadvance) or any Letter of Credit will be used by a Loan Party (i) to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity, or (ii) in any other manner that would result in a violation of Sanctions by any Person (including without limitation any Person participating in Revolving Loans or Letters of Credit).  
(d)    Section 5.6 of the Credit Agreement is hereby amended by (i) adding a new sub-clause (a), together with a header entitled "Property, Business Interruption and Liability Insurance.", immediately before the first paragraph thereof, and (ii) adding a new sub-clause (b) immediately after sub-clause (a) as follows:
(b)    Life Insurance.  At Borrowers' expense, maintain each Life Insurance Policy. If any Borrower fails to maintain any such insurance, to the extent any such insurance has not been paid for in full, Agent may pay the premiums thereon or otherwise arrange for such insurance, but at such Borrower's expense and without any responsibility on Agent's part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Notwithstanding anything in any Life Insurance Assignment to the contrary, Borrowers agree that any such payments made by Agent at Borrowers' expense shall constitute Obligations chargeable to the Loan Account hereunder and bear interest at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate Loans.  Borrowers shall give Agent prompt notice of the death of any Person covered by any Life Insurance Policy.  Agent shall have the sole right to file claims under any Life Insurance Policy, to collect the net proceeds of any such policy, to surrender any such policy, to obtain policy loans thereon from the insurer, to receive, receipt and give acquittance for any payments that may be payable thereunder (including without limitation, the right to collect and receive all distributions or shares of surplus, dividend deposits or additions to such policy made or apportioned thereto, and to exercise any and all options contained in such policy with respect thereto), to exercise all nonforfeiture rights under such policy, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policy.  Borrowers shall take all action requested by Agent and necessary to cause each Life Insurance Policy to be at all times subject to an effective Life Insurance Assignment.

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(e)    Article 6 of the Credit Agreement is hereby amended to add the following new Section 6.16 in appropriate numeric order:
6.16    Eligible Life Insurance Policies.  
(a)    Create, incur, assume, suffer to exist, guarantee, or otherwise become or remain, directly or indirectly, liable for any Indebtedness or any other advances made against any Life Insurance Policy (except as permitted under clause (a) of the definition of Permitted Indebtedness), 
(b)    without at least thirty (30) days' prior written notice to Agent (or such shorter period as agreed to by Agent in writing) and provided that no Default or Event of Default under Section 8.1, Section 8.6 or Section 8.7 has occurred and is continuing or would be caused thereby, directly or indirectly, amend, modify, or change (or permit the amendment, modification or other change in any manner of) any of the terms or provisions of any Life Insurance Policy, or
(c)    without at least thirty (30) days' prior written notice to Agent (or such shorter period as agreed to by Agent in writing) and provided that no Default or Event of Default under Section 8.1, Section 8.6 or Section 8.7 has occurred and is continuing or would be caused thereby, directly or indirectly, elect or cause to be elected, any mode of optional settlement under any Life Insurance Policy, terminate or cancel, or cause to be terminated or cancelled, any Life Insurance Policy, or surrender or cause to be surrendered, any Life Insurance Policy, or 
(d)    without at least thirty (30) days' prior written notice to Agent (or such shorter period as agreed to by Agent in writing) and provided that (i) no Default or Event of Default under Section 8.1, Section 8.6 or Section 8.7 has occurred and is continuing or would be caused thereby, and (ii) Borrowers have prepaid to Agent outstanding Obligations such that no Overadvance shall exist at the time of such release, request that any key person life insurance policy shall no longer constitute a "Life Insurance Policy" hereunder or under any other Loan Document and that the Agent release or terminate any Life Insurance Assignment executed in connection therewith.
(f)    Article 15 of the Credit Agreement is hereby amended to add the following new Section 15.21 in appropriate numeric order:
15.21    Release of Life Insurance Policies.  
So long as the Loan Parties are in compliance with Section 6.16(d), the Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to release any Lien on any Life Insurance Policy upon at least thirty (30) days (or such shorter period as agreed to by Agent in writing) written notice from Parent that any key person life insurance policy shall not constitute a “Life Insurance Policy” hereunder or under any other Loan Document and in connection therewith, Agent shall release or terminate any Life Insurance Assignment executed in connection 

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with such Life Insurance Policy and take such further actions as reasonably requested by Parent, at the Borrowers’ sole cost and expense.
(g)    The definition of the term "Permitted Indebtedness" contained in Schedule 1.1 to the Credit Agreement is hereby amended by amending and restating clause (j) thereof in its entirety as follows:
(j)    Indebtedness consisting of insurance premium financing in the ordinary course of business, except with respect to any Life Insurance Policy,
(h)    The definition of the term "Sanctioned Entity" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"Sanctioned Entity" means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by the United States government, including without limitation OFAC and the U.S. Department of State, the Canadian government, the United National Security Council, the European Union or the Hong Kong Monetary Authority.
(i)    The definition of the term "Sanctioned Person" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"Sanctioned Person" means any person named on the list of Specially Designated Nationals maintained by OFAC or any analogous list maintained by the U.S. Department of State, the Canadian government, the United National Security Council, the European Union or the Hong Kong Monetary Authority.
(j)    The definition of the term "US Borrowing Base" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"US Borrowing Base" means, at any time, the amount equal to
(a)eighty-five percent (85%) of the amount of Eligible Accounts of each US Loan Party, plus
(b)the least of (A) seventy percent (70%) multiplied by the Value of Eligible Inventory of each US Loan Party, (B) eighty-five percent (85%) of the Net Recovery Percentage multiplied by the Value of such Eligible Inventory or (C) sixty percent (60%) of the US Maximum Credit, plus
(c)during the Acquired Business Availability Period, the lesser of (A) the sum of (i) sixty percent (60%) of the amount of Eligible Acquired Business Accounts of the applicable US Loan Party, plus (ii) fifty percent (50%) of the Net Recovery Percentage (determined pursuant to the most recent acceptable appraisal received by Agent in accordance with the requirements of the Agreement as to the pre-existing Inventory of US Loan Parties) of the applicable US Loan Party multiplied by the 

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Value of Eligible Acquired Business Inventory or (B) ten percent (10%) of the lesser of (i) the Maximum Credit or (ii) the Borrowing Base, plus
(d)the lesser of (i) $50,000,000 and (ii) ninety percent (90%) of the CSV of Eligible Life Insurance Policies, minus
(e)the aggregate amount of reserves applicable to US Loan Parties, if any, established by Agent under Sections 2.1(e) and (f) of the Agreement.
(k)    The definition of the term "Loan Documents" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"Loan Documents" means the Agreement, any US Borrowing Base Certificate, any Canadian Borrowing Base Certificate, the Controlled Account Agreements, the Control Agreements, any Copyright Security Agreement, the Fee Letter, the Guaranty, any Intercompany Subordination Agreement, the Letters of Credit, any Mortgages, any Additional Documents, any Additional Second Lien Documents, any Patent Security Agreement, the Security Agreement, any Trademark Security Agreement, the Life Insurance Assignments, any perfection certificate, any note or notes executed by any Borrower in connection with the Agreement and payable to any member of the Lender Group, any Canadian Security Document, any letter of credit application entered into by any Borrower in connection with the Agreement, and any other agreement entered into, now or in the future, by Parent or any of its Subsidiaries in connection with the Agreement.
(l)    Schedule 1.1 to the Credit Agreement is hereby amended to add the following defined terms in appropriate alphabetical order: 
"Approved Form" with respect to any Life Insurance Policy, means that the form and substance of such Life Insurance Policy is (a) a 65 Whole Life Policy the same in all material respects as the sample 65 Whole Life Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, (b) a 90 Whole Life Policy the same in all material respects as the sample 90 Whole Life Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, (c) a Whole Life with Extra Life Protection Policy the same in all material respects as the sample Whole Life with Extra Life Protection Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, (d) a Whole Life with Adjustable Term Protection Policy the same in all material respects as the sample Whole Life with Adjustable Term Protection Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, or (e) another form of policy that has been approved by Agent and is attached as an exhibit to the most recent Northwestern Mutual Side Letter.
"CSV" means, on each date of determination, the amount, as determined for each Eligible Life Insurance Policy, equal to the cash surrender value of such Eligible Life Insurance Policy.

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"Eligible Life Insurance Policies" means Life Insurance Policies that are not excluded from being Eligible Life Insurance Policies as a result of the failure to satisfy any of the criteria set forth below.  Eligible Life Insurance Policies shall not include any Life Insurance Policy:
(a)    which is not in full force and effect with all premiums due having been paid in full;
(b)    which is not owned by a US Loan Party; 
(c)    the beneficiary of which is not a US Loan Party; 
(d)    which covers the life of any Person other than an officer or employee of a US Loan Party;
(e)    which is not in an Approved Form; 
(f)    which has not been collaterally assigned by the applicable US Loan Party to Agent to secure repayment of the Obligations pursuant to a Life Insurance Assignment in form and substance reasonably satisfactory to Agent, and which has been executed by the issuing life insurance company (or for which evidence of recordation with the issuing life insurance company has been provided in form and substance satisfactory to Agent); 
(g)    which is subject to a currently effective assignment by any US Loan Party to any other Person; 
(h)    which is not referenced in a currently effective Northwestern Mutual Side Letter; 
(i)    the existence and cash surrender value of which have not been certified in the most recent US Borrowing Base Certificate; or
(j)    which has any policy loans or advances outstanding against such Life Insurance Policy.
The criteria for Eligible Life Insurance Policies set forth above may only be changed and any new criteria for Eligible Life Insurance Policies may only be established by Agent based on either (i) an event, condition or other circumstance arising after the Third Amendment Effective Date, or (ii) an event, condition or other circumstance existing on the Third Amendment Effective Date to the extent that such event, condition or circumstance has not been identified by a Borrower to Agent prior to the Third Amendment Effective Date (except to the extent that it may have been identified but Agent, in consultation with Borrowers, has intentionally elected not to establish a reserve with respect thereto as of the Third Amendment Effective Date), in either case under clause (i) or (ii) which adversely affects or could reasonably be expected to adversely affect the cash surrender value or loanable or otherwise realizable value of the Life Insurance Policies, as determined by Agent in its Permitted Discretion. Any Life Insurance Policy that is not an Eligible Life 

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Insurance Policy shall nevertheless be part of the Collateral. For avoidance of doubt, any Life Insurance Policy determined ineligible under more than one clause above shall be calculated without duplication.
"FCPA" means the United States Foreign Corrupt Practices Act of 1977, as amended.
"Life Insurance Assignments" means, collectively, (a) that certain Assignment of Life Insurance Policy as Collateral dated as of June 22, 2015 by Parent in favor of Agent with respect to the Eligible Life Insurance Policies in effect as of the Third Amendment Effective Date, and (b) any other agreements, instruments and documents reasonably acceptable to Agent pursuant to which Agent has been granted a Lien on the rights of a US Loan Party under any Eligible Life Insurance Policy.
"Life Insurance Policies" means, collectively, each key person life insurance policy that Parent has elected to subject to a Life Insurance Assignment and that is listed on Schedule E-2 (as the such Schedule E-2 may be updated from time to time by Parent) and issued by The Northwestern Mutual Life Insurance Company; provided, however, that any key person life insurance policy that has been released pursuant to Section 15.21 shall not constitute a Life Insurance Policy hereunder.
"Northwestern Mutual Side Letter" means that certain letter from The Northwestern Mutual Life Insurance Company to Agent dated as of April 28, 2015 regarding certain information with respect to the Life Insurance Policies, and any renewals, replacements or updates thereof, in each case in form and substance reasonably acceptable to Agent.
"Sanctions" means any economic or trade sanctions (including without limitation any country or list based sanctions) imposed, administered or enforced from time to time by the United States government, including without limitation OFAC and the U.S. Department of State, the Canadian government, the United National Security Council, the European Union or the Hong Kong Monetary Authority.
"Third Amendment Effective Date" means June 30, 2015.
"UK Bribery Act" means the United Kingdom Bribery Act 2010, as amended.
(m)    Exhibit B-1 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Exhibit B-1 attached hereto.
(n)    A new Schedule E-2 is hereby added to the Credit Agreement in appropriate alphabetical and numeric order as set forth on Schedule E-2 attached hereto.
(o)    Schedule A-3 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule A-3 attached hereto

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(p)    Schedule 5.2 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule 5.2 attached hereto.
3.    Reaffirmation and Confirmation.  Each Loan Party party hereto hereby (i) ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other Loan Documents represent the valid, enforceable (except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally) and collectible obligations of such Loan Party, (ii) reaffirms its obligations under each Loan Document to which it is a party, including, without limitation, any grant of security interest contained therein, in each case as amended, supplemented or modified prior to or as of the date hereof, and (iii) acknowledges and agrees that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document.  Each Loan Party hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the Obligations.  The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by each Loan Party in all respects.
4.    Representations and Warranties.  In order to induce Agent and Supermajority Lenders to enter into this Amendment, each Loan Party represents and warrants with and to Agent and Lenders as follows, which representations and warranties shall survive the execution and delivery hereof:
(a)    all representations and warranties contained in the Loan Documents to which such Loan Party is a party are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality of dollar thresholds in the text thereof) on and as of the date of this Amendment (except to the extent any representation or warranty expressly related to an earlier date in which case such representations and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality or dollar thresholds in the text thereof) on and as of such earlier date);
(b)    no Default or Event of Default has occurred and is continuing; and
(c)    this Amendment and the Loan Documents, as amended hereby, constitute legal, valid and binding obligations of such Loan Party and are enforceable against such Loan Party in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally.
5.    Conditions to Effectiveness.  This Amendment shall become effective upon the satisfaction of the following conditions precedent:
(a)    Agent shall have received a copy of this Amendment executed by Agent, Supermajority Lenders and the Loan Parties, together with each other agreement, instrument and document identified on the Closing Checklist attached hereto as Exhibit A, in each case executed by the Loan Parties and other Persons party thereto (as applicable) and each in form and substance reasonably satisfactory to Agent; and

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(b)    Borrowers shall have paid (or concurrently with the effectiveness of the Amendment shall pay) all Lender Group Expenses incurred in connection with the transactions evidenced by this Amendment for which Borrowers have received an invoice prior to the date hereof. 
6.    Miscellaneous.
(a)    Expenses.  Borrowers agree to pay on demand all reasonable costs and expenses of Agent and the Lenders (including reasonable attorneys' fees) incurred in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith.  All obligations provided herein shall survive any termination of this Amendment and the Credit Agreement as amended hereby.
(b)    Choice of Law and Venue; Jury Trial Waiver; Reference Provision.  Without limiting the applicability of any other provision of the Credit Agreement or any other Loan Document, the terms and provisions set forth in Section 12 of the Credit Agreement are expressly incorporated herein by reference.
(c)    Counterparts.  This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment.  This Amendment to the extent signed and delivered by means of a facsimile machine or other electronic transmission (including "pdf"), shall be treated in all manner and respects and for all purposes as an original Amendment and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. No party hereto shall raise the use of a facsimile machine or other electronic transmission to deliver a signature or the fact that any signature or this Amendment was transmitted or communicated through the use of a facsimile machine or other electronic transmission as a defense to the formation or enforceability of a contract and each such party forever waives any such defense.  Receipt by telecopy or electronic mail of any executed signature page to this Amendment shall constitute effective delivery of such signature page.
7.    Release.
(a)    Release.  In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Borrower and each other Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, each Lender and all such other Persons being hereinafter referred to collectively as the "Releasees" and individually as a "Releasee"), of and from all demands, actions, causes of action, suits, controversies, damages and any and all other claims, counterclaims, defenses, rights of set‐off, demands and liabilities whatsoever (individually, a "Claim" and collectively, "Claims") of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which such Borrower or such Loan Party or any of its successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of 

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any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto.
(b)    Complete Defense.  Each Borrower and each other Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.
(c)    Release Unconditional.  Each Borrower and each other Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.
[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized and delivered as of the date first above written.
	
	
	U.S. BORROWERS:

	 

	POLYONE CORPORATION

	 

	/s/ Scott J. Leffler

	Name: Scott J. Leffler

	Title: Vice President and Treasurer

	 

	GLS INTERNATIONAL

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

	 

	NEU SPECIALTY ENGINEERED 
  MATERIALS, LLC 

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Assistant Secretary

	 

	CANADIAN BORROWER:

	 

	POLYONE CANADA INC.

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

	 

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	GUARANTORS:

	 

	M.A. HANNA ASIA HOLDING COMPANY

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

	 

	POLYONE LLC

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Manager

	
	
	CONEXUS, INC.

	POLYMER DIAGNOSTICS, INC.

	COLORMATRIX GROUP, INC.

	COLORMATRIX HOLDINGS, INC.

	THE COLORMATRIX CORPORATION

	CHROMATICS, INC.

	GAYSON SILICONE DISPERSIONS, INC

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

	
		
	COLORMATRIX - BRAZIL, LLC

	 
	 

	By
	The ColorMatrix Corporation, its sole member

	 
	 

	 
	/s/ Robert K. James

	 
	Name: Robert K. James

	 
	Title: Secretary

	
	
	GLASFORMS, INC.

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	POLYONE DESIGNED STRUCTURES AND SOLUTIONS LLC

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

	
	
	FRANKLIN-BURLINGTON PLASTICS, INC.

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

	
	
	POLYONE DSS CANADA INC.

	 

	/s/ Robert K. James

	Name: Robert K. James

	Title: Secretary

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	WELLS FARGO CAPITAL FINANCE, LLC, as Agent and a Lender 

	 

	/s/ Melissa Provost

	Name: Melissa Provost

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, as a Lender

	 

	/s/ Trevor Tysick

	Name: Trevor Tysick

	Title: Assistant Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	BANK OF AMERICA, N.A., as a Lender

	 

	/s/ Charles Fairchild

	Name: Charles Fairchild

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	BANK OF AMERICA, N.A., CANADA BRANCH, as a Lender 

	 

	/s/ Sylwia Durkiewicz

	Name: Sylwia Durkiewicz

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	U.S. BANK NATIONAL ASSOCIATION, as a Lender 

	 

	/s/ David Lawrence

	Name: David Lawrence

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	U.S. BANK NATIONAL ASSOCIATION, CANADA BRANCH, as a Lender 

	 

	/s/ John P. Rehob

	Name: John P. Rehob

	Title: Vice President & Principal Officer

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	CITIBANK, N.A., as a Lender 

	 

	/s/ Matthew Paquin

	Name: Matthew Paquin

	Title: Vice President and Director

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	HSBC BANK USA, N.A., as a Lender 

	 

	/s/ Frank M. Eassa

	Name: Frank M. Eassa

	Title: Senior Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	KEYBANK NATIONAL ASSOCIATION, as a Lender 

	 

	/s/ Paul H. Steiger

	Name: Paul H. Steiger

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	PNC BANK, NATIONAL ASSOCIATION, as a Lender

	 

	/s/ Carrie Light

	Name: Carrie Light 

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	PNC BANK CANADA BRANCH, as a Lender 
 

	 

	/s/ James Bruce

	Name: James Bruce

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	THE HUNTINGTON BANK, as a Lender 

	 

	/s/ Dennis Hatvany

	Name: Dennis Hatvany

	Title: Senior Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
	
	CITIZENS BUSINESSCAPITAL, a Division of CITIZENS ASSET FINANCE. INC., a wholly owned Subsidiary of CITIZENS BANKS, N.A.,  a National Banking Association, fka RBS CITIZENS. NATIONAL ASSOCIATION, successor by merger to CHARTER ONE BANK, NA

	 

	/s/ James G. Zamborsky

	Name: James G. Zamborsky

	Title: Vice President

Signature Page to Third Amendment to Amended and Restated Credit Agreement

Exhibit A

Closing Checklist

[attach]

Signature Page to Third Amendment to Amended and Restated Credit Agreement

CLOSING checklist
Third Amendment to Amended and Restated Revolving Loan Facility by
Wells Fargo Capital Finance, LLC
as Administrative Agent
to
PolyOne Corporation, GLS International, Inc., NEU Specialty Engineered Materials, LLC and PolyOne Canada Inc.
Closing Date:  June 30, 2015
		
	I.
	Closing Documents:

		
	A.
	Loan and Security Documents:

		
	1.
	Third Amendment to Amended and Restated ABL Credit Agreement, together with Schedules and Exhibits attached thereto

		
	2.
	Life Insurance deliveries:

		
	(a)
	Assignment of Life Insurance as Collateral

		
	(b)
	Side Letter from the Northwestern Mutual Life Insurance Company, together with policy forms

		
	B.
	Corporate Due Diligence:

          3.     Omnibus Officer's Certificate for each Loan Party with respect to:
Certified Certificate of Incorporation or Formation (as applicable)
Bylaws or Limited Liability Company Agreement (as applicable)
Resolutions
Incumbency of Officers

		
	C.
	Other Items:

4.     Sample life insurance policies
		
	D.
	Post-Closing:

5.    Evidence of recordation of item 2(a) with Northwestern Mutual Life Insurance Company

	
			
	6662049v7 6/30/2015 9:28 AM
	 
	1989.334

Exhibit B-1 to the Credit Agreement

[attach]

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
																				
	
	 
	 
	 
	 
	 
	Summary Page Borrowing Base Certificate
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Date
	 
	 
	 
	 
	 
	 
	A/R As of:
	 
	 
	 
	 
	 
	 

	Name
	PolyOne Corporation
	 
	 
	 
	Inventory As of:
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	The undersigned, PolyOne Corporation (“Borrower”), pursuant to that certain Credit Agreement dated as of March 1, 2013 (as amended, restated, modified, supplemented, refinanced, renewed, or extended from time to time, the “Credit Agreement”), entered into among Borrower, the lenders signatory thereto from time to time and Wells Fargo Capital Finance, LLC, a Delaware limited liability company as the arranger and administrative agent (in such capacity, together with its successors and assigns, if any, in such capacity, “Agent”), hereby certifies to Agent that the following items, calculated in accordance with the terms and definitions set forth in the Credit Agreement for such items are true and correct, and that Borrower is in compliance with and, after giving effect to any currently requested Advances, will be in compliance with, the terms, conditions, and provisions of the Credit Agreement.

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Accounts Receivable

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 US 
	 
	 Canada 
	 
	Consolidated

	Accounts Receivable Balance  per Aging Report Assigned To Wells Fargo Capital Finance
	 
	—
	

	 
	—
	

	 
	—
	

	 
	Less Ineligibles (detailed on page 2)
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	Net Eligible Accounts Receivable
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Accounts Receivable Availability before Sublimit(s)
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net Available Accounts Receivable after Sublimit(s)
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Inventory

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 US 
	 
	 Canada 
	 
	Consolidated

	Inventory  Balance Assigned To Wells Fargo Capital Finance
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	Less Ineligibles (detailed on page 3)
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	Eligible Inventory
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Inventory Availability before Sublimit(s)
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Available Inventory after 50% of Maximum Credit Sublimit(s)
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Summary

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Cash surrender value of key person life insurance policies
	As of
	 
	 
	 
	 
	 
	 
	 

	Advance rate
	 
	 
	 
	 
	 
	 
	90
	%
	 
	 
	 
	 

	CSVLI availability, limited to 
	50,000,000.00
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Availability before Credit Line & Reserves 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Reserves
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 (PCIAC) 
	

	 
	 (PCIBA) 
	

	 
	 

	 
	Reserve for 2015 Debentures
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	Rent Reserve
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	3rd Party Warehouse Reserve
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	Reserve for Sunbelt Series G Notes Guarantee
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Total Reserves
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Availability after Reserves
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Credit Line
	 
	 
	 
	 
	400,000,000.00
	

	 
	400,000,000.00
	

	 
	400,000,000.00
	

	 
	 
	 
	 
	 
	 
	 
	 
	Suppressed Availability
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Availability before Loan Balance
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Letter of Credit Balance
	As of:
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Loan Ledger Balance
	As of:
	 
	 
	 
	 
	 
	 
	—
	

	Cash in-transit
	 
	 
	 
	 
	 
	 
	 
	—
	

	Adjusted Loan Balance
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net Availability
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Additionally, the undersigned hereby certifies and represents and warrants to the Lender Group on behalf of Borrower that (i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document, any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and as of the effective date of any advance, continuation or conversion requested above is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date), (ii) each of the covenants and agreements contained in any Loan Document have been performed (to the extent required to be performed on or before the date hereof or each such effective date), (iii) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving effect to the request above, and (iv) all of the foregoing is true and correct as of the effective date of the calculations set forth above and that such calculations have been made in accordance with the requirements of the Credit Agreement.

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	List of attachments with this Borrowing Base Certificate:
	 
	 
	 
	 

	Authorized Signer
	 
	 
	 
	Page 2 - Accounts Receivable Availability Detail 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	Page 2a - Accounts Receivable Summary
	 
	 
	 
	 

	 
	 
	 
	 
	Page 2b - Accounts Receivable Concentrations
	 
	 
	 
	 

	 
	 
	 
	 
	Page 2c - Accounts Receivable Dilution
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	Page 3 - Inventory Availability Detail 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	Page 3a - Inventory Availability Detail 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	Page 3b - Inventory Availability Summary
	 
	 
	 
	 

	
														
	Accounts Receivable Availability Detail
	 
	 
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 
	 
	 
	 

	Report based on Aging dated:
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Loan ID #:
	 
	0
	 
	0
	 
	0
	 
	 

	 
	Division Name:
	 
	US PolyOne
	 
	Color Matrix
	 
	Canada PolyOne (USD)
	 
	Total

	Aging Spreads:
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Future
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	0 - 30 DOI
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	31 - 60 DOI
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	61 - 90 DOI
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	91 - 120 DOI
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	121+ DOI
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	A/R Aging Balance:
	 
	 
	 
	 
	 
	 
	 
	—
	

	Ineligibles:
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Past Due-> 121 DOI; > 61 DPD
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	Past Due Credits
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	CrossAge
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	Intercompany
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	Foreign
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	ERS
	Government
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	COD
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	Debit Memo
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Customer Deposits
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Employee Sales
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Progress Billing
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Extended Terms
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Finance Charges
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Guaranteed
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Coop Advertising
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Samples
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Consignment Sales
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Bill & Hold
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Bankrupt/Doubtful
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Contra
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	Other1-Shortpays
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	ERS
	Other2-Foreign (prior to insurance review)
	 
	 
	 
	 
	 
	 
	 
	—
	

	Formula
	Other3-Eligible foreign credit ins add-back
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other4-Whirlpool Mexico not billed in USD
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other5
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	Formula
	Other6->30MM Foreign Sub of US Entities
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	Unbilled Sales/Credits (GL#120300)
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS TB
	Rebates (GL#120500, #2015, #120550)
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	Manual
	Deferred Revenue (GL#460100 & GL#344450)
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	FOB Destination Ineligible
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	ERS TB
	Unapplied Cash (GL#12120)
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Whirlpool Foreign Cap exceeding $15MM
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	Manual
	Manual7
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Concentration Cap
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS TB
	PST/GST (GL#340150-#340210, GL#23101,23103,23105)-Reserve grossed up
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Canadian WEPA-03/31/2015 366,000.00-Reserve grossed up
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Wisconsin Wage Lien-Reserve grossed up
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Dilution Ineligible (grossed up)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible A/R:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Eligible A/R
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	Advance Rate
	 
	85%
	 
	85%
	 
	85%
	 
	 

	A/R Availability before Sublimit(s)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Line Limit or Sublimit(s)
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net A/R Availability
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Page 2 - AR Detail

	
											
	Accounts Receivable Availability Summary
	 
	POST TO LUCAS
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 

	Report based on Aging dated:
	 
	 
	 
	 
	 
	 

	 
	Loan ID #:
	 
	PCIA0
	 
	PCIB1
	 
	 

	 
	Pool Name:
	 
	US PolyOne 
(USD)
	 
	Canada PolyOne (USD)
	 
	Total

	Aging Spreads:
	 
	 
	 
	 
	 
	 

	 
	Future
	 
	—
	

	 
	—
	

	 
	—
	

	 
	1 - 30 DOI
	 
	—
	

	 
	—
	

	 
	—
	

	 
	31 - 60 DOI
	 
	—
	

	 
	—
	

	 
	—
	

	 
	61 - 90 DOI
	 
	—
	

	 
	—
	

	 
	—
	

	 
	91 - 120 DOI
	 
	—
	

	 
	—
	

	 
	—
	

	 
	121+ DOI
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	A/R Aging Balance:
	 
	—
	

	 
	—
	

	 
	—
	

	Ineligibles:
	 
	 
	 
	 
	 
	 
	 

	ERS
	Past Due-> 121 DOI; > 61 DPD
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Past Due Credits
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	CrossAge
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Intercompany
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Foreign
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Government
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	COD
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Debit Memo
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Customer Deposits
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Employee Sales
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Progress Billing
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Extended Terms
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Finance Charges
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Guaranteed
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Coop Advertising
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Samples
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Consignment Sales
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Bill & Hold
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Bankrupt/Doubtful
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Contra
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other1-Shortpays
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other2-Foreign (prior to insurance review)
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other3-Eligible foreign credit ins add-back
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other4-Whirlpool Mexico not billed in USD
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other5
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Other6->30MM Foreign Sub of US Entities
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Unbilled Sales/Credits (GL#120300)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Rebates (GL#120500, #2015, #120550)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Deferred Revenue (GL#460100 & GL#344450)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	FOB Destination Ineligible
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Unapplied Cash (GL#12120)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Whirlpool Foreign Cap exceeding $15MM
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual7
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Concentration Cap
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	PST/GST (GL#340150-#340210, GL#23101,23103,23105)-Reserve grossed up
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Canadian WEPA-03/31/2015 366,000.00-Reserve grossed up
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Wisconsin Wage Lien-Reserve grossed up
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Dilution Ineligible (grossed up)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible A/R:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Eligible A/R
	 
	 
	—
	

	 
	—
	

	 
	—
	

	Advance Rate
	 
	85%
	 
	85%
	 
	 

	A/R Availability before Sublimit(s)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Line Limit or Sublimit(s)
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Net A/R Availability
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	FYI - Total Eligible Receivables to US Based Multinational Corporations with a BBB- rating or better
	 
	 

Page 2a - AR Summary

	
																																
	AR CONCENTRATIONS
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	PolyOne Corporation
	 
	 
	As of:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Consolidated
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Ineligibles
	 
	 
	 
	 

	#
	Customer Name Calc
	% or $ Allowed of Eligible AR
	% of Eligible
	% of AR
	Total
	Future
	0 - 30 DOI
	31 - 60 DOI
	61 - 90 DOI
	91 - 120 DOI
	121+ DOI
	ERS
	Adjustments
	Total
	Eligible A/R
	Conc Cap
	Conc IE
	% of Balance

	1
	 
	15%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	2
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	—
	

	 

	3
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	4
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	5
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	6
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	7
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	8
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	9
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	10
	 
	10%
	#N/A
	#N/A
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	—
	

	—
	

	—
	

	—
	

	 

	 
	Total Analyzed
	 
	#N/A
	#N/A
	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	 
	—
	

	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	CONSOLIDATED TOTAL AR
	 
	#N/A
	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Remaining AR
	 
	 
	#N/A
	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	—
	

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Ineligible AR Prior to Concentration Ineligible
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Net Eligible AR Prior to Concentration Ineligible
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Concentration Caps or Limits per LSA:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Names (Customer_Name_Calc)
	% or Dollar Cap
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	WHIRLPOOL
	15%
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	All Others
	10%
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	WHIRLPOOL FOREIGN CAP @ 15MM CALC
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Filter:
	customer_name_calc = 'WHIRLPOOL' and NOT match(country_calc,'USA','Canada')
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total AR
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Past Due
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Past Due Credits
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Debit Memo
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Contra
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Other1
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Other4- Not payable in USD
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Eligible Foreign Receivables
	 
	 
	0.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Max Allowed
	 
	 
	15,000,000.00
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Ineligible
	 
	 
	—
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Page 2b - AR Concentrations

	
											
	AR DILUTION
	 
	 
	 
	 
	 
	 
	 

	Per Field Exam
	 
	 
	 
	 
	 
	 

	Dilution Calculation Detail:
	 
	US PolyOne
	 
	Color Matrix
	 
	Canada PolyOne (USD)

	 
	Allowed Dilution
	 
	5.0%
	 
	5.0%
	 
	5.0%

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Current Dilution (per Field Exam - Consolidated)
	0.0%
	 
	0.0%
	 
	0.0%

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Dilution Reserve %
	 
	0.0%
	 
	0.0%
	 
	0.0%

	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Receivables
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Dilution Ineligible
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Dilution Ineligible (grossed up)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Lookback period per LSA
	 
	12
	 
	12
	 
	12

	 
	 
	 
	 
	 
	 
	 
	 

	Field exam cutoff date
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

Page 2c - Dilution

	
																																											
	Inventory Availability Detail
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Based on the Inventory Perpetual dated:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Loan ID #:
	PCIA2
	 
	PCIA3
	 
	PCIA4
	 
	PCIA5
	 
	PCIA6
	 
	PCIA2
	 
	PCIA3
	 
	PCIA4
	 
	PCIA5
	 
	PCIA6
	 
	PCIAD
	 
	PCIAE
	 
	PCIAF
	 
	 

	 
	Inventory Category:
	US - RM
	 
	US - WIP
	 
	US - FG
	 
	US - Stores
	 
	US - In-transit
	 
	Spartech - RM
	 
	Spartech - WIP
	 
	Spartech - FG
	 
	Spartech - Supplies
	 
	Spartech - In-transit
	 
	Color Matrix - RM
	 
	Color Matrix - WIP
	 
	Color Matrix - EQUIP & FG
	 
	Total

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	ERS Perpetual Inventory Total:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS
	ERS Trial Balance Adjustments:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	Manual
	Manual Inventory Total:
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total Gross Inventory:
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Foreign
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Tolling
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	 
	 
	—
	

	ERS
	Outside Processors/Offsite
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	ERS
	Consigned/Vendor Owned
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	 
	 
	—
	

	ERS
	Packaging/Labels
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Offgrade, Scrap, Rework
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	 
	 
	—
	

	ERS
	Semi-Finished
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	 
	 
	—
	

	ERS
	R&D
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	 
	 
	—
	

	ERS
	Locations < $100M
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Ineligible10
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	WIP
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	Manual
	Stores/Supplies
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS TB
	Slow Moving (GL# 148530, 148510, 13994/95)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS TB
	Test Count Variances
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Regrind Reserve (GL#13991)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Dow branded inventory
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Producer Services Reserve
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Addl Resin Cost Capitalization
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	ERS TB
	LCM/Labor Overhead Reserve (GL#13992/99)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	CSC COGS for Accrued
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Block for Unknowns
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Accrued Royalties GL 324020 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Manual13
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Manual14
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Manual15
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Reserve grossed up as Ineligible
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	—
	

	Manual
	Appraisal Reserve (grossed up)
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible Inventory:
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Inventory
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	Advance Rate
	70.00%
	 
	0.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	#DIV/0!

	Availability before Sublimit
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Sublimits
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net Inventory Availability
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Appraisal Review
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	As of:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	US - RM
	 
	US - WIP
	 
	US - FG
	 
	US - Stores
	 
	US - In-transit
	 
	Spartech - RM
	 
	Spartech - WIP
	 
	Spartech - FG
	 
	Spartech - Supplies
	 
	Spartech - In-transit
	 
	Color Matrix - RM
	 
	Color Matrix - WIP
	 
	Color Matrix - EQUIP & FG
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Eligible Inventory per Appraisal
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	Appraised NOLV %
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	85%
	% of NOLV
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Appraised Value
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	 Appraisal Reserve 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	 Appraisal Ineligible (grossed up) 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Page 3 - Inventory Detail

	
																											
	Inventory Availability Detail
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Based on the Inventory Perpetual dated:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Loan ID #:
	PCIB4
	 
	PCIB5
	 
	PCIB6
	 
	PCIB7
	 
	PCIB4
	 
	PCIB5
	 
	PCIB6
	 
	PCIB7
	 
	 

	 
	Inventory Category:
	PolyOne Canada - RM (USD)
	 
	PolyOne Canada - WIP (USD)
	 
	PolyOne Canada - FG (USD)
	 
	PolyOne Canada - In-transit (USD)
	 
	Spartech Canada - RM (USD)
	 
	Spartech Canada - WIP (USD)
	 
	Spartech Canada - FG (USD)
	 
	Spartech Canada - In-transit (USD)
	 
	Total

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	ERS Perpetual Inventory Total:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	ERS Trial Balance Adjustments:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual Inventory Total:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total Gross Inventory:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Foreign
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Tolling
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Outside Processors/Offsite
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Consigned/Vendor Owned
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Packaging/Labels
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Offgrade, Scrap, Rework
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Semi-Finished
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	R&D
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Locations < $100M
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Ineligible10
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	WIP
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Stores/Supplies
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS TB
	Slow Moving (GL# 148530, 148510, 13994/95)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS TB
	Test Count Variances
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Regrind Reserve (GL#13991)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Dow branded inventory
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Producer Services Reserve
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Addl Resin Cost Capitalization
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	LCM/Labor Overhead Reserve (GL#13992/99)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	CSC COGS for Accrued
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Block for Unknowns
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual12
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual13
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual14
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual15
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Reserve grossed up as Ineligible
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Appraisal Reserve (grossed up)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible Inventory:
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Inventory
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—

	 
	Advance Rate
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	#DIV/0!

	Availability before Sublimit
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Sublimits
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net Inventory Availability
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Appraisal Review
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	As of:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	PolyOne Canada - RM (USD)
	 
	PolyOne Canada - WIP (USD)
	 
	PolyOne Canada - FG (USD)
	 
	PolyOne Canada - In-transit (USD)
	 
	Spartech Canada - RM (USD)
	 
	Spartech Canada - WIP (USD)
	 
	Spartech Canada - FG (USD)
	 
	Spartech Canada - In-transit (USD)
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Eligible Inventory per Appraisal
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	Appraised NOLV %
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	85%
	% of NOLV
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Appraised Value
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	 Appraisal Reserve 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	 Appraisal Ineligible (grossed up) 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

3a - Inventory Detail (16-30)

	
											
	Inventory Availability Summary
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Based on the Inventory Perpetual dated:
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Inventory Category:
	 
	US
Total 
	 
	Canada (USD)
Total
	 
	Consolidated (USD)

	 
	 
	 
	 
	 
	 
	 
	 

	 
	ERS Perpetual Inventory Total:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	ERS Trial Balance Adjustments:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	Manual Inventory Total:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total Gross Inventory:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Foreign
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Tolling
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Outside Processors/Offsite
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Consigned/Vendor Owned
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Packaging/Labels
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Offgrade, Scrap, Rework
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Semi-Finished
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	R&D
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Locations < $100M
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Ineligible10
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	WIP
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Stores/Supplies
	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	Slow Moving (GL# 148530, 148510, 13994/95)
	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	Test Count Variances
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Regrind Reserve (GL#13991)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Dow branded inventory
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Producer Services Reserve
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Addl Resin Cost Capitalization
	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	LCM/Labor Overhead Reserve (GL#13992/99)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	CSC COGS for Accrued
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Block for Unknowns
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Accrued Royalties GL 324020 
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual13
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual14
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual15
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Reserve grossed up as Ineligible
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Appraisal Reserve (grossed up)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible Inventory:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Inventory
	 
	—
	

	 
	—
	

	 
	—
	

	 
	Advance Rate
	 
	70.00%
	 
	70.00%
	 
	#DIV/0!

	Availability before Sublimit
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Sublimits
	 
	240,000,000.00
	

	 
	30,000,000.00
	

	 
	240,000,000.00
	

	 
	 
	 
	 
	 
	 
	 
	 

	Net Inventory Availability
	 
	—
	

	 
	—
	

	 
	—
	

3b - Inventory Summary

	
																																								
	Inventory Availability by Posting Pools
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Based on the Inventory Perpetual dated:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Loan ID #:
	PCIA2
	 
	PCIA3
	 
	PCIA4
	 
	PCIA5
	 
	PCIA6
	 
	PCIAD
	 
	PCIAE
	 
	PCIAF
	 
	PCIB4
	 
	PCIB5
	 
	PCIB6
	 
	PCIB7
	 
	 

	 
	Inventory Category:
	US - RM
	 
	US - WIP
	 
	US - FG
	 
	US - Stores
	 
	US - In-transit
	 
	Color Matrix - RM
	 
	Color Matrix - WIP
	 
	Color Matrix - EQUIP & FG
	 
	PolyOne Canada - RM (USD)
	 
	PolyOne Canada - WIP (USD)
	 
	PolyOne Canada - FG (USD)
	 
	PolyOne Canada - In-transit (USD)
	 
	Consolidated (USD)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	ERS Perpetual Inventory Total:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	ERS Trial Balance Adjustments:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Manual Inventory Total:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total Gross Inventory:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Foreign
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Tolling
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Outside Processors/Offsite
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Consigned/Vendor Owned
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Packaging/Labels
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Offgrade, Scrap, Rework
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Semi-Finished
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	R&D
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Locations < $100M
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Ineligible10
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	WIP
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Stores/Supplies
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS TB
	Slow Moving (GL# 148530, 148510, 13994/95)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS TB
	Test Count Variances
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Regrind Reserve (GL#13991)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Dow branded inventory
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Producer Services Reserve
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Addl Resin Cost Capitalization
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS TB
	LCM/Labor Overhead Reserve (GL#13992/99)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	CSC COGS for Accrued
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Block for Unknowns
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Accrued Royalties GL 324020 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual13
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual14
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Manual15
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Reserve grossed up as Ineligible
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Manual
	Appraisal Reserve (grossed up)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible Inventory:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Inventory
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Advance Rate
	70.00%
	 
	0.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	0.00%
	 
	70.00%
	 
	70.00%
	 
	#DIV/0!

	Availability before Sublimit
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Sublimits
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net Inventory Availability
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—
	

	 
	—

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

3c - Inventory Pools

	
											
	In-Transit Inventory Availability Summary
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Based on the Inventory Perpetual dated:
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Inventory Category:
	 
	US 
Total
	 
	Canada
Total
	 
	Consolidated 
Total (USD)

	 
	 
	 
	 
	 
	 
	 
	 

	 
	ERS Perpetual Inventory Total:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	ERS Trial Balance Adjustments:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	Manual Inventory Total:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total Gross Inventory:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Foreign
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Tolling
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Outside Processors/Offsite
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Consigned/Vendor Owned
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Packaging/Labels
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Offgrade, Scrap, Rework
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Semi-Finished
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	R&D
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Locations < $100M
	 
	—
	

	 
	—
	

	 
	—
	

	ERS
	Ineligible10
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	WIP
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Stores/Supplies
	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	Slow Moving (GL# 148530, 148510, 13994/95)
	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	Test Count Variances
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Regrind Reserve (GL#13991)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Dow branded inventory
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Producer Services Reserve
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Addl Resin Cost Capitalization
	 
	—
	

	 
	—
	

	 
	—
	

	ERS TB
	LCM/Labor Overhead Reserve (GL#13992/99)
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	CSC COGS for Accrued
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Block for Unknowns
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Accrued Royalties GL 324020 
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual13
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual14
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Manual15
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Reserve grossed up as Ineligible
	 
	—
	

	 
	—
	

	 
	—
	

	Manual
	Appraisal Reserve (grossed up)
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible Inventory:
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Inventory
	 
	—
	

	 
	—
	

	 
	—
	

	 
	Advance Rate
	 
	70.00%
	 
	70.00%
	 
	70.00%

	Availability before Sublimit
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Sublimits
	 
	 
	 
	 
	 
	15,000,000.00
	

	 
	 
	 
	 
	 
	 
	 
	 

	Net Inventory Availability
	 
	—
	

	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	Reserve needed:
	

	 
	—
	

	
															
	Accounts Receivable Comparison
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Report based on Aging dated:
	 
	 
	 
	 
	 
	Change
	 
	% Change
	 
	Comments

	Aging Spreads:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Future
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	1 - 30 DOI
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	31 - 60 DOI
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	61 - 90 DOI
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	91 - 120 DOI
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	121+ DOI
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	A/R Aging Balance:
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Ineligibles:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Past Due-> 121 DOI; > 61 DPD
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 

	ERS
	Past Due Credits
	 
	—
	

	 
	 
	 
	—
	

	 
	 
	 
	 

	ERS
	CrossAge
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Intercompany
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Foreign
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Government
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	COD
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Debit Memo
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Customer Deposits
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Employee Sales
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Progress Billing
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Extended Terms
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Finance Charges
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Guaranteed
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Coop Advertising
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Samples
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Consignment Sales
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Bill & Hold
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Bankrupt/Doubtful
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Contra
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Other1-Shortpays
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Other2-Foreign (prior to insurance review)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Formula
	Other3-Eligible foreign credit ins add-back
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS
	Other4-Whirlpool Mexico not billed in USD
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Formula
	Other6->30MM Foreign Sub of US Entities
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS TB
	Unbilled Sales/Credits (GL#120300)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS TB
	Rebates (GL#120500, #2015, #120550)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	Deferred Revenue (GL#460100 & GL#344450)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	FOB Destination Ineligible
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS TB
	Unapplied Cash (GL#12120)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	Whirlpool Foreign Cap exceeding $15MM
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	Concentration Cap
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	ERS TB
	PST/GST (GL#340150-#340210, GL#23101,23103,23105)-Reserve grossed up
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	Canadian WEPA-03/31/2015 366,000.00-Reserve grossed up
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	Wisconsin Wage Lien-Reserve grossed up
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	Manual
	Dilution Ineligible (grossed up)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible A/R:
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Eligible A/R
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	A/R Availability before Sublimit(s)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Line Limit or Sublimit(s)
	 
	—
	

	 
	—
	

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net A/R Availability
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 
	 

Page AR Comparison

	
														
	Inventory Comparison
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Name:
	PolyOne Corporation
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Based on the Inventory Perpetual dated:
	 
	 
	 
	 
	 
	Change
	 
	% Change
	Comments

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	ERS Inventory Total:
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	ERS Trial Balance Adjustments:
	 
	—
	

	 
	 
	 
	 
	 
	 
	 

	 
	Manual Inventory Total:
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total Gross Inventory:
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	ERS
	Foreign
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Tolling
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Outside Processors/Offsite
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Consigned/Vendor Owned
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Packaging/Labels
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Offgrade, Scrap, Rework
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Semi-Finished
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	R&D
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Locations < $100M
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS
	Ineligible10
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	WIP
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Stores/Supplies
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS TB
	Slow Moving (GL# 148530, 148510, 13994/95)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS TB
	Test Count Variances
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Regrind Reserve (GL#13991)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Dow branded inventory
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Producer Services Reserve
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Addl Resin Cost Capitalization
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	ERS TB
	LCM/Labor Overhead Reserve (GL#13992/99)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	CSC COGS for Accrued
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Block for Unknowns
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Accrued Royalties GL 324020 
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Manual13
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Manual14
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Manual15
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Reserve grossed up as Ineligible
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Reserve grossed up as Ineligible
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Reserve grossed up as Ineligible
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	Manual
	Appraisal Reserve (grossed up)
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total Ineligible Inventory:
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Eligible Inventory
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Availability before Sublimit
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Sublimits
	 
	240,000,000.00
	

	 
	240,000,000.00
	

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Net Inventory Availability
	 
	—
	

	 
	 
	 
	—
	

	 
	0.0%
	 

INV Comparison

Schedule A-3 to the Credit Agreement
 
AUTHORIZED PERSONS 

Giuseppe Di Salvo
John Hornickel
Lisa Kunkle
Scott Leffler
Jason Peterson
Bradley Richardson

Signature Page to Third Amendment to Amended and Restated Credit Agreement

Schedule E-2 to the Credit Agreement

Eligible Life Insurance Policies

[attach list]

Signature Page to Third Amendment to Amended and Restated Credit Agreement

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	1
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7294242
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	449,305 
	387,764.81 
	0.00 
	0.00 
	6.15%

	2
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7767666
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	88,381 
	76,275.67 
	0.00 
	0.00 
	6.15%

	3
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236571
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	225,563 
	194,668.19 
	0.00 
	0.00 
	6.15%

	4
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6355378
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	828,437 
	807,174.60 
	0.00 
	0.00 
	6.00%

	5
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6918609
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	85,278 
	83,089.28 
	0.00 
	0.00 
	6.00%

	6
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7304078
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	155,416 
	151,427.14 
	0.00 
	0.00 
	6.15%

	7
	1
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9798563
	12/1/1985
	OL EOL
	924.05 
	12/1/2015
	117,383 
	62,936.44 
	0.00 
	0.00 
	6.15%

	8
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	13399562
	6/1/1995
	Adj CL
	28,902.37 
	6/1/2015
	1,404,224 
	789,410.62 
	0.00 
	0.00 
	8.00%

	9
	1
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9804415
	12/1/1985
	OL EOL
	1,612.69 
	12/1/2015
	168,866 
	106,848.44 
	0.00 
	0.00 
	6.15%

	10
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574504
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	23,353 
	16,171.02 
	0.00 
	0.00 
	8.00%

	11
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070883
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	154,666 
	108,150.65 
	0.00 
	0.00 
	8.00%

	12
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11624207
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	25,767 
	17,842.61 
	0.00 
	0.00 
	8.00%

	13
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6961852A
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	39,891 
	29,311.02 
	0.00 
	0.00 
	6.00%

	14
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7317464A
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	61,064 
	44,868.46 
	0.00 
	0.00 
	6.15%

	15
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7322483
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	193,030 
	141,834.14 
	0.00 
	0.00 
	6.15%

	16
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7766628
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	43,174 
	31,723.30 
	0.00 
	0.00 
	6.15%

	17
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10651468
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	143,420 
	103,129.98 
	0.00 
	0.00 
	8.00%

	18
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9813097
	12/1/1985
	IWL 90
	4,554.66 
	12/1/2015
	339,213 
	219,244.64 
	0.00 
	0.00 
	5.00%

	19
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10572825
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	278,975 
	196,928.54 
	0.00 
	0.00 
	8.00%

	20
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070687
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	178,409 
	127,131.31 
	0.00 
	0.00 
	8.00%

	21
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11623682
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	284,511 
	200,836.40 
	0.00 
	0.00 
	8.00%

	22
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12228740
	6/1/1992
	90 Life
	2,441.57 
	6/1/2015
	100,777 
	56,481.01 
	0.00 
	0.00 
	8.00%

	23
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	12810649
	12/1/1993
	Adj CL
	6,899.99 
	12/1/2015
	430,382 
	268,947.61 
	0.00 
	0.00 
	8.00%

	24
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6354044
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	163,371 
	136,942.35 
	0.00 
	0.00 
	6.00%

	25
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6626970
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	47,575 
	39,878.76 
	0.00 
	0.00 
	6.00%

	26
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6941202
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	44,353 
	37,177.98 
	0.00 
	0.00 
	6.00%

	27
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7295669
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	82,984 
	69,559.61 
	0.00 
	0.00 
	6.15%

	28
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7760432
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	235,395 
	197,314.96 
	0.00 
	0.00 
	6.15%

	29
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224946
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	134,317 
	112,588.43 
	0.00 
	0.00 
	6.15%

	30
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11072760
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	60,387 
	41,407.52 
	0.00 
	0.00 
	8.00%

	31
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11623723
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	180,068 
	122,238.02 
	0.00 
	0.00 
	8.00%

	32
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810626
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	101,441 
	68,862.58 
	0.00 
	0.00 
	8.00%

	33
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6356267
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	222,057 
	189,857.03 
	0.00 
	0.00 
	6.00%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	34
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6618111
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	218,109 
	186,481.52 
	0.00 
	0.00 
	6.00%

	35
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6915909
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	81,788 
	69,928.12 
	0.00 
	0.00 
	6.00%

	36
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7322472
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	130,570 
	111,636.34 
	0.00 
	0.00 
	6.15%

	37
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7766627
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	165,404 
	141,419.15 
	0.00 
	0.00 
	6.15%

	38
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224899
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	280,634 
	239,939.91 
	0.00 
	0.00 
	6.15%

	39
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9851550
	12/1/1985
	IWL 90
	5,173.92 
	12/1/2015
	339,906 
	218,634.99 
	0.00 
	0.00 
	5.00%

	40
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6653217
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	402,528 
	347,394.73 
	0.00 
	0.00 
	6.00%

	41
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6952196
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	91,792 
	79,219.47 
	0.00 
	0.00 
	6.00%

	42
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7325315
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	148,089 
	127,805.62 
	0.00 
	0.00 
	6.15%

	43
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7772780
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	151,007 
	130,323.94 
	0.00 
	0.00 
	6.15%

	44
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8289509
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	199,408 
	172,095.59 
	0.00 
	0.00 
	6.15%

	45
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	14974169
	6/1/1989
	65 Life
	2,558.85 
	6/1/2015
	170,298 
	86,594.77 
	0.00 
	0.00 
	8.00%

	46
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	14974181
	12/1/1993
	65 Life
	3,602.53 
	12/1/2015
	162,568 
	78,652.19 
	0.00 
	0.00 
	8.00%

	47
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	14974186
	6/1/1989
	65 Life
	2,721.71 
	6/1/2015
	183,742 
	93,527.15 
	0.00 
	0.00 
	8.00%

	48
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	14974195
	6/1/1989
	65 Life
	1,899.88 
	6/1/2015
	130,999 
	66,808.95 
	0.00 
	0.00 
	8.00%

	49
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	14976337
	6/1/1989
	65 Life
	1,771.23 
	6/1/2015
	117,945 
	60,000.52 
	0.00 
	0.00 
	8.00%

	50
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	14977897
	12/1/1990
	65 Life
	1,745.37 
	12/1/2015
	102,530 
	51,034.45 
	0.00 
	0.00 
	8.00%

	51
	1
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831761
	12/1/1985
	OL EOL
	744.09 
	12/1/2015
	91,172 
	50,156.84 
	0.00 
	0.00 
	6.15%

	52
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573149
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	185,976 
	113,425.36 
	0.00 
	0.00 
	8.00%

	53
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070753
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	248,253 
	153,135.35 
	0.00 
	0.00 
	8.00%

	54
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11624145
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	182,717 
	111,437.73 
	0.00 
	0.00 
	8.00%

	55
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	9831877A
	12/1/1985
	Pd Up Life
	0.00 
	n/a
	346,654 
	266,467.30 
	0.00 
	0.00 
	6.15%

	56
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6352403
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	494,189 
	414,243.65 
	0.00 
	0.00 
	6.00%

	57
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6618157
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	138,409 
	116,018.47 
	0.00 
	0.00 
	6.00%

	58
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6915844
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	135,597 
	113,661.36 
	0.00 
	0.00 
	6.00%

	59
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7294245
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	279,212 
	234,043.65 
	0.00 
	0.00 
	6.15%

	60
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7782685
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	365,371 
	306,264.64 
	0.00 
	0.00 
	6.15%

	61
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224065
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	109,517 
	91,800.34 
	0.00 
	0.00 
	6.15%

	62
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	10262698
	12/1/1985
	IWL 90
	534.07 
	12/1/2015
	26,476 
	20,748.52 
	0.00 
	0.00 
	5.00%

	63
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7782693A
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	70,644 
	48,551.49 
	0.00 
	0.00 
	6.15%

	64
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8260034A
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	426,561 
	293,162.47 
	0.00 
	0.00 
	6.15%

	65
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9909657
	12/1/1985
	IWL 90
	2,562.19 
	12/1/2015
	219,088 
	141,167.83 
	0.00 
	0.00 
	5.00%

	66
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573188
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	234,851 
	156,206.15 
	0.00 
	0.00 
	8.00%

	67
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070804
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	203,340 
	136,649.02 
	0.00 
	0.00 
	8.00%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	68
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11624346
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	253,133 
	168,366.03 
	0.00 
	0.00 
	8.00%

	69
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12228759
	6/1/1992
	90 Life
	2,682.21 
	6/1/2015
	125,412 
	65,035.78 
	0.00 
	0.00 
	8.00%

	70
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810598
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	194,654 
	129,469.97 
	0.00 
	0.00 
	8.00%

	71
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10572807
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	184,047 
	117,342.37 
	0.00 
	0.00 
	8.00%

	72
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070879
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	134,018 
	84,522.75 
	0.00 
	0.00 
	8.00%

	73
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11623763
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	158,369 
	100,970.92 
	0.00 
	0.00 
	8.00%

	74
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810491
	12/1/1993
	65 Life
	3,500.00 
	12/1/2015
	221,175 
	81,643.27 
	0.00 
	0.00 
	8.00%

	75
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9923713
	12/31/1985
	IWL 90
	4,939.03 
	12/31/2015
	250,349 
	192,460.97 
	0.00 
	0.00 
	5.00%

	76
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10572994
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	161,236 
	130,963.31 
	0.00 
	0.00 
	8.00%

	77
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6357023
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	517,636 
	497,762.50 
	0.00 
	0.00 
	6.00%

	78
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6942637
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	90,016 
	86,560.03 
	0.00 
	0.00 
	6.00%

	79
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7304101
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	116,321 
	111,855.11 
	0.00 
	0.00 
	6.15%

	80
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9831902
	12/1/1985
	IWL 90
	4,051.91 
	12/1/2015
	301,156 
	194,612.96 
	0.00 
	0.00 
	5.00%

	81
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573058
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	265,679 
	162,035.62 
	0.00 
	0.00 
	8.00%

	82
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070932
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	156,086 
	94,115.47 
	0.00 
	0.00 
	8.00%

	83
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11620786
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	104,646 
	63,822.81 
	0.00 
	0.00 
	8.00%

	84
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810395
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	67,950 
	41,442.19 
	0.00 
	0.00 
	8.00%

	85
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6368029
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	464,833 
	404,835.92 
	0.00 
	0.00 
	6.00%

	86
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6645312
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	78,957 
	68,765.84 
	0.00 
	0.00 
	6.00%

	87
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6958796
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	56,194 
	48,940.91 
	0.00 
	0.00 
	6.00%

	88
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7330244
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	159,977 
	139,328.40 
	0.00 
	0.00 
	6.15%

	89
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7787340
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	356,622 
	310,591.97 
	0.00 
	0.00 
	6.15%

	90
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9835822
	12/1/1985
	IWL 90
	1,704.16 
	12/1/2015
	80,164 
	67,726.51 
	0.00 
	0.00 
	5.00%

	91
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6367659
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	546,236 
	480,003.75 
	0.00 
	0.00 
	6.00%

	92
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6632640
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	63,057 
	55,411.20 
	0.00 
	0.00 
	6.00%

	93
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6937672
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	63,540 
	55,835.64 
	0.00 
	0.00 
	6.00%

	94
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7301987
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	156,109 
	137,180.46 
	0.00 
	0.00 
	6.15%

	95
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7766630
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	211,417 
	185,782.25 
	0.00 
	0.00 
	6.15%

	96
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230406
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	80,322 
	70,582.79 
	0.00 
	0.00 
	6.15%

	97
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9831943
	12/1/1985
	IWL 90
	770.30 
	12/1/2015
	34,043 
	29,407.42 
	0.00 
	0.00 
	5.00%

	98
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10652052
	7/6/1988
	Pd Up Life
	0.00 
	n/a
	1,441,802 
	1,044,377.76 
	0.00 
	0.00 
	8.00%

	99
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071181
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	658,707 
	477,960.65 
	0.00 
	0.00 
	8.00%

	100
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11623483
	12/1/1990
	Adj CL
	31,124.78 
	12/1/2015
	1,744,130 
	1,276,382.80 
	0.00 
	0.00 
	8.00%

	101
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6352812
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	247,775 
	217,731.77 
	0.00 
	0.00 
	6.00%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	102
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6943690
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	221,956 
	195,043.37 
	0.00 
	0.00 
	6.00%

	103
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7294215
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	176,628 
	155,211.48 
	0.00 
	0.00 
	6.15%

	104
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7760807
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	274,890 
	241,559.01 
	0.00 
	0.00 
	6.15%

	105
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8223165
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	630,533 
	554,079.56 
	0.00 
	0.00 
	6.15%

	106
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9831957
	12/1/1985
	IWL 90
	4,904.80 
	12/1/2015
	228,167 
	197,201.89 
	0.00 
	0.00 
	5.00%

	107
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9831977
	12/1/1985
	IWL 90
	1,940.73 
	12/1/2015
	212,328 
	100,584.30 
	0.00 
	0.00 
	5.00%

	108
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574760
	12/1/1987
	65 Life
	1,294.62 
	12/1/2015
	115,888 
	56,951.20 
	0.00 
	0.00 
	8.00%

	109
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070987
	6/1/1989
	65 Life
	1,108.71 
	6/1/2015
	86,760 
	40,891.77 
	0.00 
	0.00 
	8.00%

	110
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11624019
	12/1/1990
	65 Life
	2,674.27 
	12/1/2015
	169,133 
	80,890.34 
	0.00 
	0.00 
	8.00%

	111
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6359216
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	237,641 
	208,826.53 
	0.00 
	0.00 
	6.00%

	112
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6618220
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	58,172 
	51,118.52 
	0.00 
	0.00 
	6.00%

	113
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6915806
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	45,892 
	40,327.50 
	0.00 
	0.00 
	6.00%

	114
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7299113
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	145,893 
	128,203.17 
	0.00 
	0.00 
	6.15%

	115
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7760440
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	356,951 
	313,669.95 
	0.00 
	0.00 
	6.15%

	116
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230368
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	346,154 
	304,182.10 
	0.00 
	0.00 
	6.15%

	117
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9831998
	12/1/1985
	IWL 90
	2,310.09 
	12/1/2015
	98,747 
	85,227.01 
	0.00 
	0.00 
	5.00%

	118
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6355497
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	449,766 
	380,835.26 
	0.00 
	0.00 
	6.00%

	119
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6618130
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	158,741 
	134,412.49 
	0.00 
	0.00 
	6.00%

	120
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6927134
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	132,643 
	112,314.25 
	0.00 
	0.00 
	6.00%

	121
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7299110
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	259,863 
	220,036.62 
	0.00 
	0.00 
	6.15%

	122
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7766593
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	566,477 
	479,659.24 
	0.00 
	0.00 
	6.15%

	123
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8235477
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	915,961 
	775,581.62 
	0.00 
	0.00 
	6.15%

	124
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	10589990
	12/1/1987
	Adj CL
	12,417.96 
	12/1/2015
	752,406 
	604,888.80 
	0.00 
	0.00 
	8.00%

	125
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7292468
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	538,282 
	441,521.63 
	0.00 
	0.00 
	6.15%

	126
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7761958
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	146,076 
	119,817.71 
	0.00 
	0.00 
	6.15%

	127
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230428
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	148,707 
	121,975.76 
	0.00 
	0.00 
	6.15%

	128
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9803022
	12/1/1985
	IWL 90
	797.58 
	12/1/2015
	43,290 
	32,886.72 
	0.00 
	0.00 
	5.00%

	129
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6920985
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	282,948 
	217,497.53 
	0.00 
	0.00 
	6.00%

	130
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7294248
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	136,471 
	104,903.04 
	0.00 
	0.00 
	6.15%

	131
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7751588A
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	75,685 
	58,177.83 
	0.00 
	0.00 
	6.15%

	132
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7760798
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	162,825 
	125,160.93 
	0.00 
	0.00 
	6.15%

	133
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8218620A
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	57,470 
	44,176.26 
	0.00 
	0.00 
	6.15%

	134
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224022
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	211,880 
	162,868.72 
	0.00 
	0.00 
	6.15%

	135
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9832009
	12/1/1985
	IWL 90
	1,943.98 
	12/1/2015
	128,265 
	89,655.22 
	0.00 
	0.00 
	5.00%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	136
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573081
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	325,700 
	246,360.08 
	0.00 
	0.00 
	8.00%

	137
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071026
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	413,495 
	315,226.89 
	0.00 
	0.00 
	8.00%

	138
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11623644
	12/1/1990
	Adj CL
	4,344.59 
	12/1/2015
	489,981 
	370,464.34 
	0.00 
	0.00 
	8.00%

	139
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12228525
	6/1/1992
	90 Life
	3,865.94 
	6/1/2015
	136,147 
	83,848.62 
	0.00 
	0.00 
	8.00%

	140
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	12810230
	12/1/1993
	Adj CL
	10,800.00 
	12/1/2015
	587,902 
	400,602.38 
	0.00 
	0.00 
	8.00%

	141
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12814338
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	208,073 
	132,660.57 
	0.00 
	0.00 
	8.00%

	142
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12814351
	12/1/1988
	Pd Up Life
	0.00 
	n/a
	485,780 
	309,717.51 
	0.00 
	0.00 
	8.00%

	143
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12814363
	6/1/1989
	90 Life
	5,412.08 
	6/1/2015
	379,153 
	195,756.60 
	0.00 
	0.00 
	8.00%

	144
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	12814421
	12/1/1990
	Adj CL
	2,141.61 
	12/1/2015
	340,927 
	217,204.82 
	0.00 
	0.00 
	8.00%

	145
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6356792
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	213,120 
	183,929.48 
	0.00 
	0.00 
	6.00%

	146
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6618110
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	52,900 
	45,654.41 
	0.00 
	0.00 
	6.00%

	147
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6933387
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	196,942 
	169,967.35 
	0.00 
	0.00 
	6.00%

	148
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7304084
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	293,701 
	253,473.51 
	0.00 
	0.00 
	6.15%

	149
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7776662
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	213,958 
	184,652.71 
	0.00 
	0.00 
	6.15%

	150
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230312
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	181,271 
	156,442.76 
	0.00 
	0.00 
	6.15%

	151
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7771159
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	404,548 
	292,574.06 
	0.00 
	0.00 
	6.15%

	152
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8235509
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	158,058 
	114,309.48 
	0.00 
	0.00 
	6.15%

	153
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9832017
	12/1/1985
	IWL 90
	1,166.66 
	12/1/2015
	83,130 
	53,526.01 
	0.00 
	0.00 
	8.00%

	154
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573103
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	153,519 
	108,369.11 
	0.00 
	0.00 
	8.00%

	155
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	11071221
	6/1/1989
	90 Life
	6,806.62 
	6/1/2015
	296,239 
	170,936.51 
	0.00 
	0.00 
	8.00%

	156
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11621435
	12/1/1990
	Adj CL
	5,706.75 
	12/1/2015
	156,386 
	110,231.98 
	0.00 
	0.00 
	8.00%

	157
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11633204
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	104,967 
	66,923.55 
	0.00 
	0.00 
	8.00%

	158
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810202
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	82,922 
	52,868.36 
	0.00 
	0.00 
	8.00%

	159
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7370146
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	214,604 
	164,962.61 
	0.00 
	0.00 
	6.15%

	160
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7760800
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	45,072 
	34,646.11 
	0.00 
	0.00 
	6.15%

	161
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224648
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	89,190 
	68,558.90 
	0.00 
	0.00 
	6.15%

	162
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9908545
	12/1/1985
	IWL 90
	3,894.52 
	12/1/2015
	221,156 
	159,861.07 
	0.00 
	0.00 
	5.00%

	163
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573192
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	156,703 
	118,530.44 
	0.00 
	0.00 
	8.00%

	164
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071244
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	255,579 
	191,808.58 
	0.00 
	0.00 
	8.00%

	165
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11624322
	12/1/1990
	Adj CL
	2,644.66 
	12/1/2015
	174,382 
	131,744.68 
	0.00 
	0.00 
	8.00%

	166
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6355112
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	240,790 
	201,837.21 
	0.00 
	0.00 
	6.00%

	167
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6564907
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	45,594 
	38,218.22 
	0.00 
	0.00 
	6.00%

	168
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6934479
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	149,291 
	125,140.07 
	0.00 
	0.00 
	6.00%

	169
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7294232
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	192,761 
	161,577.90 
	0.00 
	0.00 
	6.15%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	170
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7760804
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	214,504 
	179,803.51 
	0.00 
	0.00 
	6.15%

	171
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230440
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	225,891 
	189,348.43 
	0.00 
	0.00 
	6.15%

	172
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9832028
	12/1/1985
	IWL 90
	2,063.83 
	12/1/2015
	109,953 
	86,421.79 
	0.00 
	0.00 
	5.00%

	173
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	10573214
	12/1/1987
	Adj CL
	3,887.15 
	12/1/2015
	358,698 
	287,839.17 
	0.00 
	0.00 
	8.00%

	174
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	11071009
	6/1/1989
	90 Life
	7,410.12 
	6/1/2015
	280,186 
	211,837.46 
	0.00 
	0.00 
	8.00%

	175
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11623635
	12/1/1990
	Adj CL
	3,428.58 
	12/1/2015
	304,622 
	253,482.92 
	0.00 
	0.00 
	8.00%

	176
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6927272
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	198,967 
	159,313.63 
	0.00 
	0.00 
	6.00%

	177
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7304073
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	149,431 
	119,649.96 
	0.00 
	0.00 
	6.15%

	178
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7770325
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	230,645 
	184,678.32 
	0.00 
	0.00 
	6.15%

	179
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7787336A
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	87,151 
	69,782.13 
	0.00 
	0.00 
	6.15%

	180
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224032
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	254,575 
	203,839.16 
	0.00 
	0.00 
	6.15%

	181
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9915341
	12/31/1985
	IWL 90
	1,261.89 
	12/31/2015
	78,229 
	57,716.14 
	0.00 
	0.00 
	8.00%

	182
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10573250
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	288,122 
	227,801.93 
	0.00 
	0.00 
	8.00%

	183
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071121
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	438,126 
	343,989.88 
	0.00 
	0.00 
	8.00%

	184
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11620927
	12/1/1990
	Adj CL
	2,791.00 
	12/1/2015
	236,351 
	186,717.24 
	0.00 
	0.00 
	8.00%

	185
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12228565
	6/1/1992
	90 Life
	3,197.82 
	6/1/2015
	93,709 
	59,814.34 
	0.00 
	0.00 
	8.00%

	186
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	12810135
	12/1/1993
	Adj CL
	7,173.93 
	12/1/2015
	321,999 
	232,411.91 
	0.00 
	0.00 
	8.00%

	187
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6927633A
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	197,098 
	163,475.76 
	0.00 
	0.00 
	6.00%

	188
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7317833A
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	191,171 
	158,559.83 
	0.00 
	0.00 
	6.15%

	189
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230346A
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	323,798 
	268,562.46 
	0.00 
	0.00 
	6.15%

	190
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8243091A
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	317,932 
	263,697.12 
	0.00 
	0.00 
	6.15%

	191
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8271029A
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	78,140 
	64,810.38 
	0.00 
	0.00 
	6.15%

	192
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9831920A
	12/1/1985
	IWL 90
	7,983.76 
	12/1/2015
	474,105 
	368,548.25 
	0.00 
	0.00 
	8.00%

	193
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	10061795
	6/1/1986
	90 Life
	11,684.50 
	6/1/2015
	666,441 
	512,080.31 
	0.00 
	0.00 
	8.00%

	194
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574379
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	2,266,503 
	1,864,444.04 
	0.00 
	0.00 
	8.00%

	195
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	11071053
	6/1/1989
	90 Life
	63,015.00 
	6/1/2015
	2,489,450 
	1,845,620.88 
	0.00 
	0.00 
	8.00%

	196
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11623232
	12/1/1990
	Adj CL
	10,752.92 
	12/1/2015
	996,639 
	819,704.56 
	0.00 
	0.00 
	8.00%

	197
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12228546
	6/1/1992
	90 Life
	21,893.98 
	6/1/2015
	603,773 
	424,747.79 
	0.00 
	0.00 
	8.00%

	198
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9832036
	12/1/1985
	IWL 90
	7,717.33 
	12/1/2015
	399,063 
	325,152.40 
	0.00 
	0.00 
	5.00%

	199
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	10573254
	12/1/1987
	Adj CL
	3,810.00 
	12/1/2015
	338,043 
	280,204.45 
	0.00 
	0.00 
	8.00%

	200
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	11071041
	6/1/1989
	90 Life
	2,113.16 
	6/1/2015
	70,592 
	55,453.25 
	0.00 
	0.00 
	8.00%

	201
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11623042
	12/1/1990
	Adj CL
	3,209.32 
	12/1/2015
	173,385 
	147,434.51 
	0.00 
	0.00 
	8.00%

	202
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8223910A
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	207,208 
	159,277.42 
	0.00 
	0.00 
	6.15%

	203
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236545
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	682,129 
	524,341.48 
	0.00 
	0.00 
	6.15%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	204
	1
	IWL 90
	PolyOne Corp.
	PolyOne Corp.
	9832046
	12/1/1985
	IWL 90
	2,323.69 
	12/1/2015
	152,576 
	106,359.17 
	0.00 
	0.00 
	5.00%

	205
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10652011
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	315,269 
	238,470.05 
	0.00 
	0.00 
	8.00%

	206
	1
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071077
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	582,132 
	443,786.88 
	0.00 
	0.00 
	8.00%

	207
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	11620871
	12/1/1990
	Adj CL
	4,324.08 
	12/1/2015
	487,628 
	368,684.53 
	0.00 
	0.00 
	8.00%

	208
	1
	90 Life
	PolyOne Corp.
	PolyOne Corp.
	12228469
	6/1/1992
	90 Life
	4,037.00 
	6/1/2015
	141,921 
	87,361.13 
	0.00 
	0.00 
	8.00%

	209
	1
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	12809947
	12/1/1993
	Adj CL
	11,700.00 
	12/1/2015
	636,997 
	434,051.61 
	0.00 
	0.00 
	8.00%

	210
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	10131256
	12/1/1985
	OL EOL
	2,343.02 
	12/1/2015
	210,956 
	136,355.47 
	0.00 
	0.00 
	6.15%

	211
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574353
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	45,800 
	32,330.24 
	0.00 
	0.00 
	8.00%

	212
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11070791
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	315,026 
	224,482.32 
	0.00 
	0.00 
	8.00%

	213
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236617
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	281,614 
	213,327.99 
	0.00 
	0.00 
	6.15%

	214
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6511513
	12/1/1971
	Pd Up Life
	0.00 
	n/a
	159,133 
	144,907.57 
	0.00 
	0.00 
	6.00%

	215
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7317459
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	99,623 
	90,717.37 
	0.00 
	0.00 
	6.15%

	216
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8289452
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	63,829 
	58,123.11 
	0.00 
	0.00 
	6.15%

	217
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6927320
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	192,666 
	148,099.22 
	0.00 
	0.00 
	6.00%

	218
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7325308
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	43,147 
	33,166.39 
	0.00 
	0.00 
	6.15%

	219
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7759726
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	44,729 
	34,382.46 
	0.00 
	0.00 
	6.15%

	220
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230322
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	64,841 
	49,842.22 
	0.00 
	0.00 
	6.15%

	221
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9835745
	12/1/1985
	OL EOL
	1,278.29 
	12/1/2015
	113,217 
	78,936.59 
	0.00 
	0.00 
	6.15%

	222
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6355898
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	167,397 
	148,407.27 
	0.00 
	0.00 
	6.00%

	223
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7313144
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	117,270 
	103,966.74 
	0.00 
	0.00 
	6.15%

	224
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8223899
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	67,351 
	59,710.62 
	0.00 
	0.00 
	6.15%

	225
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9835771
	12/1/1985
	OL EOL
	3,259.03 
	12/1/2015
	107,620 
	85,647.09 
	0.00 
	0.00 
	6.15%

	226
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7773689
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	346,124 
	309,581.17 
	0.00 
	0.00 
	6.15%

	227
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236641
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	66,876 
	59,815.42 
	0.00 
	0.00 
	6.15%

	228
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8241097
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	224,586 
	162,423.34 
	0.00 
	0.00 
	6.15%

	229
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12814433
	12/1/1987
	65 Life
	227.00 
	12/1/2015
	18,543 
	9,129.97 
	0.00 
	0.00 
	8.00%

	230
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12814492
	6/1/1989
	65 Life
	562.20 
	6/1/2015
	41,869 
	20,554.28 
	0.00 
	0.00 
	8.00%

	231
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9813338
	12/1/1985
	OL EOL
	2,510.31 
	12/1/2015
	235,043 
	148,943.12 
	0.00 
	0.00 
	6.15%

	232
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11624366
	12/1/1990
	65 Life
	188.80 
	12/1/2015
	11,902 
	4,913.68 
	0.00 
	0.00 
	8.00%

	233
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12816149
	12/1/1993
	65 Life
	600.01 
	12/1/2015
	33,460 
	13,379.94 
	0.00 
	0.00 
	8.00%

	234
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11627884
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	25,795 
	13,933.44 
	0.00 
	0.00 
	8.00%

	235
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810716
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	30,455 
	16,450.58 
	0.00 
	0.00 
	8.00%

	236
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10586187
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	265,485 
	183,837.72 
	0.00 
	0.00 
	8.00%

	237
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11072644
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	109,621 
	75,167.40 
	0.00 
	0.00 
	8.00%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	238
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11629971
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	16,670 
	11,543.31 
	0.00 
	0.00 
	8.00%

	239
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810695
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	26,870 
	18,606.40 
	0.00 
	0.00 
	8.00%

	240
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9814428
	12/1/1985
	OL EOL
	1,902.50 
	12/1/2015
	163,424 
	100,367.28 
	0.00 
	0.00 
	6.15%

	241
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574298
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	42,421 
	28,797.23 
	0.00 
	0.00 
	8.00%

	242
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071079
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	204,084 
	137,149.01 
	0.00 
	0.00 
	8.00%

	243
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810733
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	31,431 
	21,336.74 
	0.00 
	0.00 
	8.00%

	244
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6944180
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	155,577 
	139,151.60 
	0.00 
	0.00 
	6.00%

	245
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7751587
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	72,027 
	64,422.58 
	0.00 
	0.00 
	6.15%

	246
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9887411
	12/1/1985
	OL EOL
	784.79 
	12/1/2015
	118,925 
	53,773.41 
	0.00 
	0.00 
	6.15%

	247
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574570
	12/1/1987
	65 Life
	245.16 
	12/1/2015
	19,292 
	9,088.08 
	0.00 
	0.00 
	8.00%

	248
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831688
	12/1/1985
	OL EOL
	694.91 
	12/1/2015
	104,738 
	47,347.01 
	0.00 
	0.00 
	6.15%

	249
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574626
	12/1/1987
	65 Life
	243.55 
	12/1/2015
	19,137 
	9,014.62 
	0.00 
	0.00 
	8.00%

	250
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8260076
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	302,789 
	261,316.75 
	0.00 
	0.00 
	6.15%

	251
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6491030
	12/1/1971
	Pd Up Life
	0.00 
	n/a
	173,829 
	172,132.54 
	0.00 
	0.00 
	6.00%

	252
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8230241
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	258,845 
	187,199.87 
	0.00 
	0.00 
	6.15%

	253
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831719
	12/1/1985
	OL EOL
	667.94 
	12/1/2015
	65,309 
	42,111.97 
	0.00 
	0.00 
	6.15%

	254
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6370421
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	147,073 
	125,746.28 
	0.00 
	0.00 
	6.00%

	255
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6359858
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	157,731 
	129,377.63 
	0.00 
	0.00 
	6.00%

	256
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6941415
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	63,281 
	51,905.75 
	0.00 
	0.00 
	6.00%

	257
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7299121
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	78,942 
	64,751.57 
	0.00 
	0.00 
	6.15%

	258
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7788411
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	79,851 
	65,497.16 
	0.00 
	0.00 
	6.15%

	259
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8249295
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	95,372 
	78,228.14 
	0.00 
	0.00 
	6.15%

	260
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10574844
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	296,277 
	188,896.56 
	0.00 
	0.00 
	8.00%

	261
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071165
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	100,769 
	63,553.21 
	0.00 
	0.00 
	8.00%

	262
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9835800
	12/1/1985
	OL EOL
	999.72 
	12/1/2015
	119,758 
	67,567.45 
	0.00 
	0.00 
	6.15%

	263
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6359116
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	160,805 
	141,307.06 
	0.00 
	0.00 
	6.00%

	264
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6936600
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	65,874 
	57,886.64 
	0.00 
	0.00 
	6.00%

	265
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7299116
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	83,968 
	73,786.71 
	0.00 
	0.00 
	6.15%

	266
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7792055
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	74,810 
	65,739.13 
	0.00 
	0.00 
	6.15%

	267
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8270077
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	147,458 
	129,578.41 
	0.00 
	0.00 
	6.15%

	268
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6624189
	12/1/1972
	Pd Up Life
	0.00 
	n/a
	154,667 
	130,962.87 
	0.00 
	0.00 
	6.00%

	269
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7317465
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	118,040 
	99,949.29 
	0.00 
	0.00 
	6.15%

	270
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7767175
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	66,912 
	56,657.12 
	0.00 
	0.00 
	6.15%

	271
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236580
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	49,773 
	42,144.83 
	0.00 
	0.00 
	6.15%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	272
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6956185
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	152,934 
	122,454.83 
	0.00 
	0.00 
	6.00%

	273
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7782699
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	97,401 
	77,989.34 
	0.00 
	0.00 
	6.15%

	274
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8249249
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	51,173 
	40,974.42 
	0.00 
	0.00 
	6.15%

	275
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831741
	12/1/1985
	OL EOL
	1,044.08 
	12/1/2015
	84,036 
	61,767.56 
	0.00 
	0.00 
	6.15%

	276
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831805
	12/1/1985
	OL EOL
	1,027.37 
	12/1/2015
	130,874 
	70,173.98 
	0.00 
	0.00 
	6.15%

	277
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236592
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	322,574 
	261,502.45 
	0.00 
	0.00 
	6.15%

	278
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831646
	12/1/1985
	OL EOL
	839.83 
	12/1/2015
	103,119 
	56,723.41 
	0.00 
	0.00 
	6.15%

	279
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6357375
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	161,944 
	146,140.17 
	0.00 
	0.00 
	6.00%

	280
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6936560
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	60,578 
	54,666.30 
	0.00 
	0.00 
	6.00%

	281
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6360937
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	181,259 
	166,598.73 
	0.00 
	0.00 
	6.00%

	282
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6938911
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	55,443 
	50,958.76 
	0.00 
	0.00 
	6.00%

	283
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7772776
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	212,685 
	153,816.40 
	0.00 
	0.00 
	6.15%

	284
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8241395
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	53,178 
	38,458.98 
	0.00 
	0.00 
	6.15%

	285
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12814499
	12/1/1987
	65 Life
	172.30 
	12/1/2015
	13,724 
	5,998.70 
	0.00 
	0.00 
	8.00%

	286
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7343954
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	256,450 
	217,146.70 
	0.00 
	0.00 
	6.15%

	287
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7753952
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	60,097 
	50,886.59 
	0.00 
	0.00 
	6.15%

	288
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8235178
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	56,561 
	47,892.51 
	0.00 
	0.00 
	6.15%

	289
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11627926
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	328,360 
	213,881.88 
	0.00 
	0.00 
	8.00%

	290
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12811359
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	45,311 
	29,826.98 
	0.00 
	0.00 
	8.00%

	291
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6359745
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	207,403 
	183,874.94 
	0.00 
	0.00 
	6.00%

	292
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6943008
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	47,550 
	42,155.86 
	0.00 
	0.00 
	6.00%

	293
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7772798
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	101,598 
	90,072.59 
	0.00 
	0.00 
	6.15%

	294
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7782250A
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	82,859 
	73,459.37 
	0.00 
	0.00 
	6.15%

	295
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071229
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	588,967 
	411,836.87 
	0.00 
	0.00 
	8.00%

	296
	2
	Adj CL
	PolyOne Corp.
	PolyOne Corp.
	12813211
	12/1/1993
	Adj CL
	1,018.12 
	12/1/2015
	53,594 
	33,444.07 
	0.00 
	0.00 
	8.00%

	297
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7753966
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	222,664 
	175,981.62 
	0.00 
	0.00 
	6.15%

	298
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8224586
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	46,152 
	36,476.05 
	0.00 
	0.00 
	6.15%

	299
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6953286A
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	171,398 
	153,302.26 
	0.00 
	0.00 
	6.00%

	300
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7317828
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	85,175 
	76,182.46 
	0.00 
	0.00 
	6.15%

	301
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7767172
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	58,709 
	52,510.67 
	0.00 
	0.00 
	6.15%

	302
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236653
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	66,130 
	59,148.17 
	0.00 
	0.00 
	6.15%

	303
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810813
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	217,124 
	135,430.71 
	0.00 
	0.00 
	8.00%

	304
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8249182
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	365,049 
	315,049.14 
	0.00 
	0.00 
	6.15%

	305
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9831784
	12/1/1985
	OL EOL
	1,311.14 
	12/1/2015
	64,834 
	51,852.38 
	0.00 
	0.00 
	6.15%

	
															
	 
	PolyOne Corporation
	 
	Policies to be Assigned to Wells Fargo

	 
	Northwestern Mutual Insurance Summary as of 5/31/2015
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	(1)
	(2)
	(3)
	(4)
	(6)
	(7)
	(8)
	(9)
	(10)
	(11)
	(12)
	(13)
	(14)
	(15)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	Total
	Cash
	 
	 
	 

	No. of
	 
	 
	 
	 
	Policy 
	Issue
	Ins.
	Annual Premium
	Death Beneft
	Surrender
	Loan Indebtedness

	Policies
	Plan
	Policy Type
	Policy Owner
	Policy Beneficiary
	Number
	Date
	Plan
	Amount
	Pd To Date
	Amount
	Value
	Principal
	Interest
	Rate

	306
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6362776
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	170,714 
	140,026.84 
	0.00 
	0.00 
	6.00%

	307
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6918493
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	63,751 
	52,291.27 
	0.00 
	0.00 
	6.00%

	308
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7299778
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	68,171 
	55,916.73 
	0.00 
	0.00 
	6.15%

	309
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7788405
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	65,749 
	53,930.11 
	0.00 
	0.00 
	6.15%

	310
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8280995
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	84,190 
	69,056.20 
	0.00 
	0.00 
	6.15%

	311
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9835863
	12/1/1985
	OL EOL
	1,308.92 
	12/1/2015
	100,618 
	76,369.26 
	0.00 
	0.00 
	6.15%

	312
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9847185
	12/1/1985
	OL EOL
	1,116.23 
	12/1/2015
	126,858 
	64,081.20 
	0.00 
	0.00 
	6.15%

	313
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6965280
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	179,493 
	151,984.06 
	0.00 
	0.00 
	6.00%

	314
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7776657
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	111,592 
	94,489.51 
	0.00 
	0.00 
	6.15%

	315
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8241136
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	84,166 
	71,266.80 
	0.00 
	0.00 
	6.15%

	316
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	12810832
	12/1/1993
	Pd Up Life
	0.00 
	n/a
	218,256 
	142,164.11 
	0.00 
	0.00 
	8.00%

	317
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	10121015
	12/1/1985
	Whole Life
	1,162.31 
	12/1/2015
	138,018 
	76,920.84 
	0.00 
	0.00 
	8.00%

	318
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	10586137
	12/1/1987
	Pd Up Life
	0.00 
	n/a
	37,347 
	23,295.12 
	0.00 
	0.00 
	8.00%

	319
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11071192
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	117,547 
	72,509.10 
	0.00 
	0.00 
	8.00%

	320
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7767179
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	300,194 
	251,631.38 
	0.00 
	0.00 
	6.15%

	321
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8236551
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	73,418 
	61,541.11 
	0.00 
	0.00 
	6.15%

	322
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6355223
	12/1/1970
	Pd Up Life
	0.00 
	n/a
	189,932 
	157,532.18 
	0.00 
	0.00 
	6.00%

	323
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6941483
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	56,112 
	46,540.05 
	0.00 
	0.00 
	6.00%

	324
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7304082
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	53,565 
	44,427.54 
	0.00 
	0.00 
	6.15%

	325
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7782250C
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	119,424 
	99,051.89 
	0.00 
	0.00 
	6.15%

	326
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7784726
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	82,642 
	68,544.40 
	0.00 
	0.00 
	6.15%

	327
	2
	EOL
	PolyOne Corp.
	PolyOne Corp.
	9920643
	12/1/1985
	OL EOL
	1,245.42 
	12/1/2015
	93,053 
	71,677.21 
	0.00 
	0.00 
	6.15%

	328
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	6938713
	12/1/1974
	Pd Up Life
	0.00 
	n/a
	140,533 
	109,566.51 
	0.00 
	0.00 
	6.00%

	329
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7304095
	12/1/1976
	Pd Up Life
	0.00 
	n/a
	50,775 
	39,586.72 
	0.00 
	0.00 
	6.15%

	330
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	7767168
	12/1/1978
	Pd Up Life
	0.00 
	n/a
	56,410 
	43,980.04 
	0.00 
	0.00 
	6.15%

	331
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8234782
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	90,812 
	70,801.54 
	0.00 
	0.00 
	6.15%

	332
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11089532
	6/1/1989
	Pd Up Life
	0.00 
	n/a
	272,223 
	207,528.52 
	0.00 
	0.00 
	8.00%

	333
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	11644854
	12/1/1990
	Pd Up Life
	0.00 
	n/a
	22,131 
	16,998.76 
	0.00 
	0.00 
	8.00%

	334
	2
	65 Life
	PolyOne Corp.
	PolyOne Corp.
	8249278
	12/1/1980
	Pd Up Life
	0.00 
	n/a
	337,712 
	273,774.45 
	0.00 
	0.00 
	6.15%

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	72,306,147 
	55,316,235.43 
	0.00 
	0.00 
	 

Schedule 5.2 to the Credit Agreement

[attach]

Signature Page to Third Amendment to Amended and Restated Credit Agreement

Schedule 5.2
Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following times in form reasonably satisfactory to Agent:
	
		
	Monthly (no later than the 10th day of each month), unless (i) either (A) Excess Availability is less than 15% of the Maximum Credit or (b) US Excess Availability is less than 12.5% of the Maximum Credit or (ii) a Default or an Event of Default has occurred and is continuing, then weekly
	(a)    US Borrowing Base Certificate and a Canadian Borrowing Base Certificate, and

(b)    Inventory system/perpetual reports specifying the cost and the wholesale market value of each Borrower's and its Subsidiaries' Inventory, by category, with additional detail showing additions to and deletions therefrom (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting).

	Monthly (no later than the 10th day of each month)
	(c)    a detailed aging, by total, of each Borrower's Accounts, together with a reconciliation and supporting documentation for any reconciling items noted (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting),

(d)    a detailed calculation of those Accounts that are not eligible for the US Borrowing Base or Canadian Borrowing Base, if Borrowers have not implemented electronic reporting,

(e)    a detailed Inventory system/perpetual report together with a reconciliation to each Borrower's general ledger accounts (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting),

(f)    with respect to Inventory, such information with respect to the lower of cost or market as Agent may request,

(g)    a detailed calculation of Inventory categories that are not eligible for the US Borrowing Base or the Canadian Borrowing Base, if Borrowers have not implemented electronic reporting,

(h)    a summary aging, by vendor, of each Borrower's and its Subsidiaries' accounts payable and any book overdraft (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held checks,

(i)    a detailed report regarding each Borrower's and its Subsidiaries' cash and Cash Equivalents, including an indication of which amounts constitute Qualified Cash,

(j)    a detailed report identifying and calculating (i) Canadian PST (i.e. provincial sales tax) and Canadian GST (i.e. goods and service tax) and (ii) to the extent applicable, Canadian HST (i.e. harmonized sales tax), 

(k)    a monthly Account roll-forward, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of each Borrower's general ledger, and

(l)    a detailed report of the current cash surrender value of each Eligible Life Insurance Policy.

	
			
	6661839v6 6/26/2015 4:13 PM
	 
	1989.334

	
		
	Monthly (no later than the 30th day of each month)
	(m)    a reconciliation of Accounts, trade accounts payable, and Inventory of each Borrower's general ledger accounts to its monthly financial statements including any book reserves related to each category.

	Quarterly (no later than the 30th day of each quarter)
	(n)    a report regarding each Borrower's and its Subsidiaries' accrued, but unpaid, VAT, and 

(o)    a report setting forth the following information with respect to the operations in Canada: (i) number of employees in Canada broken down between sales people and non-sales people, (ii) accrued payroll expenses, (iii) accrued employee expenses, (iv) post-retirement healthcare benefits, (v) post-retirement employee benefits and (vi) other post-employee benefits.

	Upon the request of Agent (but not more frequently than annually)
	(p)    an updated version of the Northwestern Mutual Side Letter executed by The Northwestern Mutual Life Insurance Company.

	Promptly, but in any event within 3 Business Days after any Loan Party has any knowledge thereof
	(q)    notice of the cancellation of, termination of or other material change to, any Eligible Life Insurance Policy.

	Promptly after any Loan Party has any knowledge thereof
	(r)    notice of the death of any Person covered by any Eligible Life Insurance Policy.

-3-

	
		
	On or prior to the issuance thereof
	(s)    copies of any Life Insurance Policies issued or to be issued to any US Loan Party on or after the Second Amendment Effective Date.

	Upon the request of Agent
	(t)    an In Force Policy Data Review issued by The Northwestern Mutual Life Insurance Company with respect to each Life Insurance Policy,

(u)    to the extent any Life Insurance Policy would be materially different from any Life Insurance Policy type as of the Second Amendment Effective Date, samples of each Life Insurance Policy type issued to any of the US Loan Parties,

(v)    copies of any or all Life Insurance Policies issued to any of the US Loan Parties (to the extent available), and

(w)    any other available information reasonably requested by Agent relating to the Life Insurance Policies.

-4-Suite
412

UNIVERSITY
BUILDING OFFICE LEASE

THIS
OFFICE LEASE ("Lease") is entered into by Landlord and Tenant (as defined in Section 1). In consideration of the mutual
covenants hereinafter set forth, Landlord and Tenant agree as follows:

		1.	Definitions; Basic Lease Information. 

In
addition to the terms which are defined elsewhere in this Lease, the following terms are used in this Lease and shall have the
meanings specified:

		a)	LEASE DATE: 21 July 2014 (to be dated upon
Landlord’s signature)

		b)	TENANT: Joel C. Schneider

		c)	TENANT'S TRADE NAME: The Mary Jane Group,
Inc.

		d)	TENANT'S ADDRESS: 910 Sixteenth Street, Suite
412, Denver, Colorado 80202

		e)	LANDLORD: 910 ASSOCIATES, INC.

		f)	LANDLORD'S ADDRESS: 910 Sixteenth Street,
Suite 500, Denver, Colorado 80202

		g)	PREMISES: Suite 412, The University Building,
910 Sixteenth Street, Denver, Colorado 80202 consisting of approximately 1,129 rentable square feet. 

		h)	RENTABLE AREA OF BUILDING: 104,234 square
feet

		i)	AREA OF PREMISES AND BUILDING: The rentable
areas of the Premises and the Building as shown above have been determined by Landlord and are conclusive.

		j)	COMMENCEMENT DATE: 21 July 2014

		k)	EXPIRATION DATE: 31 July 2017

		l)	SECURITY DEPOSIT: $7,500.00

		m)	MONTHLY BASE RENT: See Section 3(b)

		n)	RENTABLE AREA OF PREMISES: Approximately
1,129 rentable square feet

		o)	TENANT'S PRO RATA SHARE: 1.0831%

		p)	PERMITTED USE OF PREMISES: Administrative
Office for Hospitality Group Catering to the Marijuana Industry

		q)	BROKER: None

		r)	GUARANTOR AND RELATIONSHIP TO TENANT: None

		s)	BUILDING: Office building located at 910
Sixteenth Street, Denver, Colorado 80202, and commonly known as "University Building".

		t)	ADDITIONAL RENT: Any and all amounts, other
than Monthly Base Rent, which Tenant is required or agrees to pay hereunder, including but not limited to Operating Expenses (as
hereinafter defined), late charges, reimbursements, repairs and attorneys' fees and costs incurred by Landlord in enforcing this
Lease.

		u)	RENT: The total of Monthly Base Rent and
Additional Rent.

		v)	OPERATING EXPENSES: Operating Expenses (defined
below) for calendar year 2013 were $8.92 per square foot and are included in the amount of Monthly Base Rent set forth in
Section 1(m). 

		2.	Premises.

In
consideration of the obligation of Tenant to pay Rent, and in consideration of the other covenants, representations and warranties
of Tenant set forth in this Lease, Landlord leases to Tenant, and, in consideration of Landlord's covenants set forth in this Lease,
Tenant leases from Landlord the Premises in AS IS condition. The taking of possession by Tenant will conclusively establish that
the Premises were at such time complete and in good and satisfactory condition and repair acceptable to Tenant. Tenant is responsible
for any and all costs associated with any approved improvements and alterations including the installation of additional electrical
circuits (dedicated or otherwise), paint, carpet, doors, electric, plumbing, and ceiling tiles into the Premises. Landlord will
have carpets cleaned and paint walls as needed.

    	 

    	 

    

		3.	Monthly Base Rent; Security Deposit; Office Services; and Signage.

		a)	Monthly Base Rent: Tenant shall pay
to Landlord the Monthly Base Rent for the Premises, in advance, without demand, deduction or set off, throughout the entire term
of this Lease. The first installment of Monthly Base Rent will be due and payable on the Commencement Date and an installment of
Monthly Base Rent will be due and payable on or before the first day of each calendar month succeeding the Commencement Date.

		b)	Monthly Base Rent Adjustment: The
Monthly Base Rent shall be increased annually as follows:

On
21 July 2014, Monthly Base Rent shall be $0.00 per month.

On
1 August 2014, Monthly Base Rent shall be increased to $1,505.00 per month.

On
1 August 2015, Monthly Base Rent shall be increased to $1,600.00 per month.

On
1 August 2016, Monthly Base Rent shall be increased to $1,700.00 per month.

		c)	Security Deposit: Tenant shall deposit
with Landlord on the Lease Date, and shall maintain on deposit with Landlord throughout the term hereof, the Security Deposit,
which will be held by Landlord, without obligation for or accrual of interest, as security for the performance of Tenant's covenants
and obligations under this Lease. Landlord shall have the right to commingle such Security Deposit with other funds of Landlord.
It is expressly understood and agreed that such Security Deposit is not an advance rental deposit or a measure of Landlord's damages
in case of Tenant's default. Upon any default by Tenant, Landlord may, from time to time, without prejudice to or waiver of any
other remedy provided in this Lease or provided by law, use such Security Deposit to the extent necessary to make good any arrearage
of Rent or other payments due Landlord, and/or any other damage, injury, expense or liability caused by such default; and Tenant
will pay to Landlord on demand the amount so applied in order to restore the Security Deposit to its original amount. Any unutilized
portion of such Security Deposit will be returned by Landlord to Tenant not later than sixty (60) days after expiration of this
Lease, upon the full performance of this Lease by Tenant and surrender of the Premises by Tenant to Landlord. If Tenant is not
in any state whatsoever of default under this Lease through 1 January 2016, irrespective of whether or not such default is cured,
Landlord will refund $4,100 of the original $7,500 security deposit to Tenant and the remaining $3,400 security deposit will be
retained for the term of the Lease and all renewals.

		d)	Office Services. Landlord may offer,
as a service to its tenants in the Building, certain office services that may be utilized by Tenant pursuant to a fee schedule
as determined by Landlord from time-to-time (the "Office Services"). Tenant agrees to pay Landlord, as Additional Rent,
for any Office Services Tenant may utilize from time-to-time, within five (5) days of invoicing for any such Office Services, based
upon the fee schedule in effect at such time.

		e)	Signage. Tenant must display a suite
sign based on Building standards and guidelines. Tenant is responsible for all costs associated with signage specifically, suite
signs and main lobby directory signs. Tenant shall affix no additional signage and/or awnings not considered Building standard,
in the Landlord's discretion, without prior written approval of Landlord. Landlord shall have the right to remove all non-permitted
signs and/or awnings, without notice to Tenant, and at the expense of Tenant.

		4.	Option to Renew.

So long as there is no material
uncured default by Tenant, tenant shall have the option to extend the term of this Lease for one (1) two (2) year term following
the expiration date. The base rental rate for the renewal options shall be:

On 1 August
2017, Monthly Base Rent shall be increased to $1,800.00 per month.

On 1 August
2018, Monthly Base Rent shall be increased to $1,900.00 per month.

In order to exercise the option
to extend the Lease term, Tenant shall be required to give Landlord written notice of exercise of the option to extend at least
90 days prior to the expiration date of the then current term of this Lease (no later than 3 May 2017). If notice is not provided
within the designated timeframe, and the Tenant remains in possession of the premises, the monthly rent will increase by 50%.

		5.	Use: Compliance with Laws and Rules and Regulations.

The
Premises will be used only for the purpose set forth in Section 1(p) and for no other purpose. Tenant will at its own cost and
expense obtain any and all licenses and permits necessary for the Permitted Use of the Premises. Tenant will comply with all governmental
laws, ordinances and regulations applicable to the use of the Premises, and/or the operation of Tenant's business (including the
Americans With Disabilities Act of 1990), those Rules and Regulations set forth on Exhibit A attached hereto and made a part hereof,
as the same may be reasonably modified or propounded by Landlord from time to time, and will promptly comply with all governmental
orders and directives for the correction, prevention and abatement of nuisances in or upon, or connected with, the Premises, all
at Tenant's sole expense. Tenant will not permit any objectionable or unpleasant odors, smoke, dust, gas, noise or vibrations to
emanate from the Premises, nor take any other action which would constitute a nuisance or would disturb or endanger any other tenants
of the Building or unreasonably interfere with their use of their respective premises, nor impair, in the opinion of Landlord,
the appearance, character or reputation of the Building. Without Landlord's prior written

    	 

    	 

    

consent,
Tenant will not receive, store or otherwise handle any product, material or merchandise which is noxious, explosive or highly inflammable.
Tenant will not permit the Premises to be used for any purpose or in any manner (including without limitation any method of storage)
which would render the insurance on the Premises or Building void or the insurance risk more hazardous. If any increase in the
fire and extended coverage insurance premiums paid by Landlord for the Building is caused by Tenant's use and occupancy of the
Premises, then Tenant will pay to Landlord as Additional Rent, upon demand, the amount of such increase.

Tenant's
use and occupancy of the Premises shall in no manner or way result in the direct or indirect violation of any local, state or federal
law, rule or regulation pertaining to environmental regulation, contamination or clean-up (collectively, "Environmental Laws"),
including by way of example and without limitation the Comprehensive Environmental Response Compensation and Liability Act, the
Resource Conservation and Recovery Act and any similar statutes of the State of Colorado. Further, Tenant's use and occupancy of
the Premises shall not include the use, handling, transportation or storage of any hazardous and/or toxic substances, wastes, materials,
pollutants or contaminants (including, without limitation, asbestos, petroleum products or raw materials which include hazardous
constituents) or any other substances or materials which are included under or regulated by Environmental Laws (collectively, "Hazardous
Substances"). Tenant shall keep or cause the Premises to be kept free from Hazardous Substances and in compliance with all
Environmental Laws and shall promptly notify Landlord if Tenant shall become aware of any Hazardous Substances on or about the
Premises or if Tenant shall become aware that the Premises are in direct or indirect violation of any Environmental Laws. Tenant
shall remove such Hazardous Substances and/or cure such violations, as applicable, promptly after Tenant becomes aware of same,
at Tenant's sole expense. Tenant hereby agrees to indemnify Landlord and hold Landlord and its successors, assigns, employees,
agents, officers, directors, partners, and attorneys harmless from and against any and all expenses, damages, suits, liabilities
and costs (including without limitation attorney's fees and consequential damages) suffered or incurred by Landlord or any of such
parties as a result of the use, handling, storage, transportation, treatment or disposal of Hazardous Substances on or about the
Premises and/or the violation of Environmental Laws (as well as any other laws, ordinances, rules or regulations as set forth in
the first paragraph of this Section 6), even if such damages and/or costs shall be suffered or incurred after expiration or earlier
termination of this Lease. Such indemnity shall expressly survive expiration or termination of this Lease, whether by lapse of
time or otherwise.

		6.	Operating Expenses; Payment of Tenant's Pro Rata Share.

		a)	Beginning on 1 August 2015, in addition to
the Monthly Base Rent, Tenant will pay the Landlord on the first day of each calendar month during the term of this Lease, as Additional
Rent, one-twelfth (1/12) of Tenant's Pro Rata Share of the amount by which Operating Expenses for the previous calendar year or
partial calendar year exceed the Operating Expense Base rounded to the nearest whole dollar. During January of each calendar year
or as soon thereafter as practicable, Landlord will give Tenant written notice of the amounts payable under this Section 6 for
the ensuing calendar year ("Increased Expenses"). On or before the first day of each calendar month during the ensuing
calendar year, Tenant will pay Landlord one-twelfth (1/12) of Tenant’s Pro Rata Share of such amount; provided, however,
if such notice is not given in January, Tenant will continue to pay its Pro Rata Share on the basis of the prior year's Operating
Expenses until the calendar month after such notice is given. If at any time it reasonably appears to Landlord that the Operating
Expenses for the then-current calendar year will vary from Landlord’s estimate then Landlord may readjust the estimated Operating
Expenses for such calendar year by notice to Tenant, and subsequent payments by Tenant for such year will be based upon such readjusted
estimated Operating Expenses. In the calendar month in which Tenant first pays its Pro Rata Share in accordance with the increase
of adjusted estimated Operating Expenses (and simultaneously therewith), Tenant will also pay Landlord Tenant's Pro Rata Share
of any additional amounts payable under the adjusted estimated Operating Expenses, for each calendar month which has elapsed since
December of the prior years.

		b)	Unless delayed by causes beyond Landlord’s
reasonable control, Landlord shall deliver to Tenant within 60 days after the end of each calendar year a written statement (the
“Statement”) setting out in reasonable detail the amount of Tenant’s Pro Rata Share of Operating Expenses for
such year and certified to be correct by a representative of Landlord. If the aggregate of monthly installments of Operating Expenses
actually paid by Tenant to Landlord during such calendar differs from the amount of the Operating Expenses payable by Tenant for
such calendar year as indicated in the Statement, then, as the case may be, Tenant shall pay the difference to Landlord or Landlord
shall issue a credit to Tenant against the Rent remaining to be paid hereunder for the difference, or if no Rent then remains to
be paid, refund the difference to Tenant, without interest, within thirty (30) days after the date of delivery of the Statement.

		c)	The term "Operating Expenses" means
and includes all costs and expenses of any kind or nature incurred by Landlord with respect to the ownership, maintenance, repair
and operation of the Building and Premises, including, by way of example and without limitation, supply costs; maintenance, replacement
and repair costs; the costs of utilities, security, trash, snow removal, cleaning and janitorial, landscaping and painting services;
maintenance, repair and replacement of HVAC, plumbing, electrical, mechanical, roof, structural or like systems and/or components;
any common area costs and expenses; labor costs incurred in the operation and maintenance of the Building and Premises, including
wages and

    	 

    	 

    

other
payments; costs to Landlord for workmen's compensation and disability insurance, payroll taxes and welfare and other fringe benefits;
reasonable management and administrative fees in an amount customary for properties similar to the Building; legal, accounting,
inspection and consultation fees incurred in connection with the Building and Premises; amounts paid to contractors and subcontractors
for work or services performed in connection with the operation and maintenance of the Building and Premises (including common
areas); all real and personal property taxes and assessments (whether general or special) and governmental charges of any kind
and nature whatsoever including special district assessments and assessments due to deed restrictions and/or owners' associations
which accrue against the Building or any items of personal property utilized in the maintenance, repair and/or operation of the
Building during the term of this Lease; all insurance including, by way of example and without limitation, public liability insurance
and fire and extended coverage insurance with respect to the Building and any rental insurance and all risk insurance (should Landlord
decide to carry the same) (but Tenant shall have no interest in such insurance or the proceeds thereof); any expense attributable
to costs incurred by Landlord for any capital improvements; and any other costs, charges and expenses which under generally accepted
accounting principles would be regarded as maintenance and operating expenses with respect to the Building and Premises.

		d)	If at any time during the term of this Lease,
the present method of taxation is changed so that in lieu of the whole or any part of any taxes, assessments or governmental charges
levied, assessed or imposed on real estate and the improvements on such real estate, there is levied, assessed or imposed on Landlord
a capital levy or other tax directly on the rents received from the Building and/or a franchise tax, assessment, levy or charge
measured by or based, in whole or in part, upon such rents, then all such taxes, assessments, levies or charges, or the part thereof
so measured or based, will be deemed to be included within the terms "Operating Expenses" and "real property taxes"
(as used in Subparagraph (b) above) for the purposes of this Section 6.

		7.	Landlord's Repairs.

Tenant
will immediately give Landlord written notice of defect or need for repairs, after which Landlord will have a reasonable opportunity
to affect such repairs or cure such defect. Landlord's liability with respect to any defects, repairs or maintenance for which
Landlord is responsible under any of the provisions of this Lease will be limited to the cost of such repairs or maintenance or
the curing of such defect.

		8.	Tenant's Repairs.

		a)	Notwithstanding Section 9, Tenant will, at
its own cost and expense, keep and maintain all improvements, furniture, fixtures and equipment located in the interior of the
Premises in good condition, promptly making all necessary repairs and replacements, and shall keep the whole of the Premises in
a clean and sanitary condition and appearance. Tenant shall not order any repairs or maintenance at the expense of Landlord. Tenant
will repair and pay for any damage caused to the Premises or Building by Tenant, or Tenant's employees, agents or invitees, or
caused by Tenant's default under this Lease.

		b)	Tenant expressly acknowledges and agrees
that Landlord has and does lease the Premises to Tenant without any representation, warranty or covenant on the part of Landlord
as to the compliance of either the Premises or the Building or any portion thereof with the provisions of the Americans with Disabilities
Act of 1990 (the "Act"). Tenant shall be solely responsible for ADA compliance in the Premises at its expense. Tenant
agrees that if its use and/or occupancy of the Premises necessitates that Landlord make changes, modifications or incur additional
expenses with respect to the walkways, elevators, common area bathroom facilities or other common areas of the Building, or to
the Premises, in order that the Building, such common areas or the Premises comply with the Act, all of such incurred costs, modifications
or alterations shall be done at Tenant's sole cost and expense and Tenant shall pay all of same to Landlord on demand as Additional
Rent.

		9.	Alterations.

Tenant
will not make any alterations, additions or improvements to the Premises (including but not limited to ceiling and wall penetrations)
without the prior written consent of Landlord. All alterations, additions, improvements and partitions erected by Tenant will be
and remain the property of Tenant during the term of this Lease and Tenant will, unless Landlord otherwise elects, remove all alterations,
additions, improvements and partitions erected by Tenant and restore the Premises to their original condition by the date of termination
of this Lease or upon earlier vacating of the Premises; provided, however, that if Landlord so elects and gives notice to Tenant
prior to termination of this Lease or upon earlier vacating of the Premises, such alterations, additions, improvements and partitions
will become the property of Landlord as of the date of termination of this Lease and will be surrendered to the Landlord with the
Premises. All such removals and restoration will be accomplished in a good and workmanlike manner so as not to damage the primary
structure or structural components of the Building.

Tenant
will give Landlord at least thirty (30) days’ prior written notice in its request for consent to make any alterations, additions
or improvements to the Premises or of its intent to erect shelves, bins or trade fixtures in the Premises (any of such

    	 

    	 

    

items hereinafter
being referred to as "Tenant Work"). Landlord reserves the right to approve any contractor(s) by whom the Tenant Work
is to be performed. Landlord shall be entitled to post notices on and about the Premises with respect to Landlord's non-liability
for the payment of the Tenant Work as provided in the Colorado mechanic's lien statutes and Tenant shall not permit such notices
to be defaced or removed. If Landlord approves Tenant's proposed contractor(s), prior to the commencement of any Tenant Work, Tenant
shall deliver to Landlord certificates issued by insurance companies qualified to do business in the State of Colorado evidencing
that worker's compensation, public liability insurance and property damage insurance, all in amounts and with companies and on
forms reasonably satisfactory to Landlord, are in force and maintained by all of such contractor(s). Among other things, all such
policies shall name Landlord as an additional insured and shall provide that the same may not be canceled or modified without thirty
(30) days prior written notice to Landlord.

		10.	Landlord's Right of Access; Inspection.

Landlord
and Landlord's agents and representatives will have the right to enter and inspect the Premises at any reasonable time for any
reasonable purpose, including, but not limited to, ascertaining the condition of the Premises, to show the Premises to any prospective
purchaser of the Building or in order to make such repairs, decorations, alterations, improvements or additions as may be required
or deemed necessary or desirable by Landlord. During the six (6) month period that is prior to the end of the term of this Lease,
Landlord and Landlord's agents and representatives will have the right to enter the Premises at any reasonable time for the purpose
of showing the Premises and shall be permitted to place a "For Rent" sign upon the Premises. Tenant will give written
notice to Landlord at least thirty (30) days prior to vacating the Premises and will arrange to meet with Landlord for a joint
inspection of the Premises prior to vacating. In the event Tenant fails to give such notice or arrange such joint inspection, Landlord's
inspection at or after Tenant's vacating the Premises will be conclusive for purposes of determining Tenant's responsibility for
repairs and restoration.

		11.	Utilities.

Landlord
agrees to provide utility service to the Building and Premises. Tenant will pay its Pro Rata Share of all charges for utility service
as part of the Operating Expenses. Landlord will not be liable for any interruption or failure of utility services. Tenant will
be responsible for all costs associated with bringing utilities to Tenant’s Premises as well as a one-time $500 tap fee
for access to the building natural gas service.

		12.	Assignment and Subletting.

Tenant
will not assign, sublet, transfer or encumber this Lease, or any interest in this Lease or the Premises, without the prior written
consent of Landlord. Any attempted assignment, subletting, transfer or encumbrance by Tenant in violation of the terms and covenants
of this Section 12 will be void and a default hereunder. All cash or other proceeds of any assignment, proceeds in excess of the
Rent under this Lease in the case of a subletting, and all cash or other proceeds of any other transfer of Tenant's interest in
this Lease or the Premises will be paid to Landlord, whether such assignment, subletting or other transfer is consented to by Landlord
or not. Tenant assigns all rights it might have or ever acquire in any such cash or proceeds to Landlord. No assignment, subletting
or other transfer, whether consented to by Landlord or not, shall relieve Tenant of its primary liability under and with respect
to all obligations contained in this Lease. Consent of Landlord to any assignment, subletting or other transfer of this Lease or
the Premises shall not relieve Tenant from seeking consent to any subsequent assignment, subletting or transfer. In no event shall
any proposed subtenant or assignee be an existing occupant of any space in the Building or Affiliate of any such occupant. For
purposes hereof, an Affiliate means a corporation or other business entity that directly or indirectly controls, is controlled
by, or is under common control with such occupant.

Notwithstanding
anything contained in this Lease to the contrary, Landlord shall not be obligated to consider any proposed assignment of this Lease
or sublet of all or any part of the Premises unless Tenant pays a non-refundable fee, payable to Landlord, in an amount of One
Thousand Dollars ($1,000.00) to cover Landlord's administrative, legal, and other costs and expenses incurred in processing each
of Tenant's requests. In addition, should any such request by Tenant seek any change or modification to the terms of this Lease,
and Landlord agrees to such additional and/or modified terms and conditions, in Landlord's sole and absolute discretion, Tenant
agrees to pay Landlord's reasonable attorneys' fees, costs and expenses with respect to consideration of such request and the negotiation
and preparation of any amendment to this Lease, which amounts shall be Additional Rent under this Lease.

		13.	Insurance.

		a)	Landlord, as an Operating Expense, will maintain
(i) fire and extended coverage insurance (broad form) covering the Building and the Building equipment and common area furnishings
and (ii) public liability and property damage insurance in such amounts as Landlord determines from time to time in its reasonable
discretion. Tenant will reimburse Landlord, as an Operating Expense, for the costs of all such insurance. All such insurance shall
be for the sole benefit of Landlord and its designated additional insureds.

		b)	Tenant waives, disclaims and releases Landlord
from any and all rights of recovery, claims, actions or causes of action, against Landlord, its agents, officers and employees,
for or on account of any loss or damage that may occur to the

    	 

    	 

    

Premises,
Building, or personal property within the Building, by reason of fire or the elements regardless of cause or origin, including
negligence of Landlord or its agents, officers and employees. Tenant agrees immediately to give to each insurance company which
has issued to it policies of fire and extended coverage insurance, written notice of the terms of the waivers contained in this
subsection, and to have the insurance policies properly endorsed, if necessary (and only to the extent available at reasonable
cost), to prevent the invalidation of the insurance coverages by reason of the waivers contained in this subsection. To the extent
such endorsement(s) are unavailable or cannot be obtained at reasonable cost, such requirement shall be deemed waived; provided
however, that if claiming such unavailability or excessive cost, Tenant shall give immediate written notice thereof to the Landlord.

		c)	Landlord will not be liable to Tenant or
Tenant's employees, agents, patrons or visitors, or to any other person whomsoever, for any injury (including death) to person
or damage to property on or about the Premises or Building, resulting from and/or caused in part or whole by the negligence or
fault of Tenant, its agents, servants or employees, or of any other person entering upon the Premises or Building. Tenant will
at all times indemnify and hold safe and harmless the Building, the Landlord, Landlord's officers, directors, partners, agents,
attorneys and employees from any losses, liabilities, claims, suits, costs, expenses, including without limitation reasonable attorneys'
fees, and damages, arising out of any such damage or injury. Further, Landlord shall have no liability for damage or personal injury
caused by the Premises or Building becoming out of repair, or caused by leakage of gas, oil, water or steam or by electricity emanating
from the Premises or Building, the criminal activities of any persons, or due to any cause whatsoever.

		d)	Tenant will procure and maintain throughout
the term of this Lease a policy or policies of insurance, at its sole cost and expense, insuring both Landlord and Tenant, including
Tenant’s employees and officers, against all claims, demands or actions arising out of or in connection with: (i) the Premises;
(ii) the condition of the Premises; (iii) Tenant's operations in and maintenance and use of the Premises; and (iv) Tenant's liability
for injury to persons or damage to property assumed under this Lease. The liability limits of such policy or policies shall be
in the amount of not less than $2,000,000 per occurrence in respect of injury to persons (including death), and in the amount of
not less than $2,000,000 per occurrence in respect of property damage or destruction, including loss of use of the Premises. Tenant
shall also insure against damage or destruction to Tenant's furniture, fixtures, equipment, furnishings, floor coverings, inventory,
and plate glass or glass or other breakable materials used in structural portions of the Premises and any interior and exterior
windows and doors in the Premises in an amount equal to full replacement cost thereof. All such policies shall be procured by Tenant
from companies licensed to do business in Colorado and reasonably satisfactory to Landlord. Certified copies of such policies,
together with receipt evidencing payment of premiums for such policies, must be delivered to Landlord prior to the Commencement
Date. Not less than fifteen (15) days prior to the expiration date of any such policies, or the due date for the next-maturing
premiums, as applicable, certified copies of the renewals of such policies, bearing notations evidencing the payment of renewal
premiums or, if applicable, proof of payment of the next-maturing premiums, shall be delivered to Landlord by Tenant. All such
policies will provide that not less than thirty (30) days prior written notice will be given to Landlord before such policy may
be canceled or changed to reduce or materially alter the insurance provided by such policies.

		14.	Damage and Destruction.

		a)	If the Building or Premises are damaged or
destroyed by fire, tornado or other casualty, Tenant will give immediate written notice of such damage or destruction to Landlord.

		b)	If the Premises are totally destroyed by
fire, tornado or other casualty, or if they are so damaged that rebuilding or repairs cannot in Landlord's estimation be completed
within one hundred twenty (120) days after the date upon which Landlord is notified by Tenant or otherwise obtains actual knowledge
of such damage, this Lease may be terminated by Landlord or Tenant upon written notice within thirty (30) days of such determination
by Landlord and the unaccrued Rent (other than in the event such damage or destruction was caused by Tenant or its employees or
agents) will be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

		c)	If the Premises are damaged by any peril
covered by the insurance to be provided by Landlord under Section 13, such insurance proceeds are made available to Landlord and
this Lease has not been terminated under Section 14(b), Landlord will proceed with reasonable diligence to rebuild and repair the
Premises to substantially the condition in which it existed prior to such damage, except that Landlord will not be required to
rebuild, repair or replace any part of the partitions, fixtures, additions, other improvements and/or personal property which may
have been placed in, on or about the Premises by Tenant. Unless this Lease is terminated under Section 14(b) there shall be no
abatement of Rent.

		d)	In the event the holder of any indebtedness
secured by a mortgage or deed of trust covering the Building or Premises requires that the insurance proceeds, if any, be applied
to such indebtedness, then Landlord will have the right to terminate this Lease by delivering written notice of termination to
Tenant within fifteen (15) days after such

    	 

    	 

    

requirement
is made by any such holder, whereupon all rights and obligations of Landlord and Tenant under this Lease will cease and terminate
except as to any previously accrued rent or additional rent.

		15.	Condemnation.

		a)	If the whole of the Premises or so much thereof
as to render the balance unusable by Tenant for the proper conduct of its business shall be taken under power of eminent domain
or transferred under threat thereof, then this Lease, at the option of either Landlord or Tenant exercised by either party giving
written notice to the other of such election within thirty (30) days after such conveyance or taking of possession, whichever is
earlier, shall forthwith terminate and the Rent shall be duly apportioned as of the date of such taking or conveyance. No award
for any partial or entire taking shall be apportioned between Landlord and Tenant; Tenant hereby assigns to Landlord any award
which may be made in such taking or condemnation, together with any and all rights of Tenant now or hereafter arising in or to
the same or any part thereof. Notwithstanding the foregoing, Tenant shall be entitled to seek, directly from the condemning authority,
an award for its removable trade fixtures, equipment, personal property and relocation expenses, if any, to the extent Landlord's
award is not diminished thereby. In the event of a partial taking or conveyance which does not result in a termination of this
Lease, Monthly Base Rent shall be reduced in proportion to the reduction in the size of the Premises so taken or conveyed and this
Lease shall be modified accordingly.

		b)	If all or any portion of the Premises shall
be condemned or taken for governmental occupancy for a limited period, this Lease shall not terminate and Landlord shall be entitled
to receive the entire amount of any such award or payment thereof as damages, rent or otherwise. Tenant hereby assigns to Landlord
any award which may be made in such temporary taking, together with any and all rights of Tenant now or hereafter arising in or
to the same or any part thereof. Tenant shall, however, be entitled to an abatement of Monthly Base Rent in proportion to the reduction
in size of the Premises so taken for such limited period.

		c)	A voluntary sale by Landlord to any such
competent authority having the power of eminent domain or similar powers, either under threat of condemnation or while condemnation
proceedings are pending, shall be deemed to be a taking by eminent domain for the purpose of this section.

		16.	Holding Over.

Tenant
will, at the termination of this Lease by lapse of time or otherwise, surrender immediate possession of the Premises to Landlord.
If Landlord agrees in writing that Tenant may hold over after the expiration or termination of this Lease, unless Landlord and
Tenant otherwise agree in writing on the terms of such holding over, the hold over tenancy shall be deemed to be month-to-month
and will be subject to termination by Landlord or by Tenant at any time upon not less than ten (10) days' advance written notice,
with any such hold over period ending only on the last day of a calendar month, and all of the other terms and provisions of this
Lease will be applicable during such holdover period, except that the Monthly Base Rent then in effect shall be increased by fifty
percent (50%). No holding over by Tenant, whether with or without the consent of Landlord, will operate to extend this Lease except
as otherwise expressly provided in a writing signed by Landlord. The preceding provisions of this Section 16 are not consent for
Tenant to hold over. In the event Tenant holds over without the written agreement of Landlord, the holdover tenancy shall be deemed
to be a tenancy at will, terminable upon three (3) days prior written notice by Landlord and otherwise subject to all of the terms
and conditions of this Lease, except the Monthly Base Rent during any such tenancy at sufferance shall be equal to double the Monthly
Base Rent in effect on the termination date.

		17.	Quiet Enjoyment.

Subject
to Tenant paying the Rent and performing its covenants in this Lease, Tenant shall and may peacefully and quietly have, hold and
enjoy the Premises for the term of this Lease. Landlord shall not be responsible for the acts or omissions of any other tenant
or third party which may interfere with Tenant's use and enjoyment of the Premises. In the event of any transfer or transfers of
Landlord's interest in the Premises, the Building or in the real property of which the Premises are a part, other than a transfer
for security purposes only, the transferor shall automatically be relieved of any and all obligations and liabilities on the part
of Landlord accruing from and after the date of such transfer.

		18.	Events of Default.

The
following events shall be deemed to be events of default by Tenant under this Lease:

		a)	Tenant fails to pay when due any Monthly
Base Rent, Operating Expenses, Additional Rent or any other amounts payable hereunder;

		b)	This Lease or the estate of Tenant hereunder
is transferred to or passes to any other person or party in violation of the provisions of this Lease;

    	 

    	 

    

		c)	This Lease or the Premises or any part thereof
becomes subject to attachment, levy or other process of law directed against Tenant and such attachment or levy is not discharged
within fifteen (15) days after the levy or attachment thereof;

		d)	Tenant or any Guarantor hereof files a Petition
in Bankruptcy or insolvency or for reorganization or rearrangement of debt under the Bankruptcy Laws of the United States or any
insolvency act of any state, or voluntarily takes advantage of any such law, and same is not discharged within sixty (60) days;

		e)	Involuntary proceedings under any such bankruptcy
or insolvency law are instituted against Tenant or against any Guarantor hereof, or a receiver or trustee is appointed for all
or substantially all of the property of Tenant or any such Guarantor and such proceedings are not dismissed or vacated within sixty
(60) days after such institution or appointment;

		f)	Tenant abandons or vacates the Premises for
ten (10) consecutive days;

		g)	Tenant fails to perform any of the other
agreements, terms, covenants or conditions hereof on Tenant's part to be performed, and such nonperformance continues for a period
of three (3) days after notice thereof by Landlord to Tenant; provided, however, that if Tenant cannot reasonably cure such nonperformance
within three (3) days, Tenant shall not be in default if it commences cure within said three (3) day period and diligently pursues
the same to completion, with completion to occur in any event within thirty (30) days after such notice;

		h)	Tenant fails to obtain a release of any mechanic's
lien as required herein;

		i)	Tenant discloses the terms of this Lease
to any party, except legal counsel and insurance providers in regard to fulfilling the requirements of this Lease, without first
obtaining Landlord’s written consent; and/or

		j)	All or any part of the personal property
of Tenant is seized, subjected to levy or attachment, or similarly repossessed or removed from the Premises.

		19.	Remedies.

		a)	Upon the occurrence of any event of default,
Landlord will have, at its election, the option to pursue any one or more of the following remedies:

		i)	Landlord may, at Landlord's option but without
obligation to do so, and without releasing Tenant from any obligations under this Lease, make any payment or take any action as
Landlord deems necessary or desirable to cure any Event of Default in such manner and to such extent as Landlord deems necessary
or desirable. Landlord may do so without additional demand on or additional written notice to Tenant and without giving Tenant
an additional opportunity to cure such an Event of Default. Tenant shall pay Landlord, upon demand, all advances, costs and expenses
of Landlord in connection with making any such payment or taking any such action, including reasonable attorney's fees, together
with interest at the rate described in Section 19(e) from the date of payment of any such advances, costs and expenses by Landlord.

		ii)	Landlord may terminate this Lease, effective
at such time as may be specified by written notice to Tenant, and demand (and, if such demand is refused, recover) possession of
the Premises from Tenant. Tenant will remain liable to Landlord for damages in an amount equal to the Rent and other changes which
would have been owing by Tenant for the balance of the Term had this Lease not been terminated, less the net proceeds, if any,
of reletting of the Premises by Landlord subsequent to such termination, after deducting all Landlord's expenses in connection
with such recovery of possession or reletting. Landlord will be entitled to collect and receive such damages from Tenant on the
days on which the Rent and other charges would have been payable if this Lease had not been terminated. Alternatively, at Landlord's
option, Landlord will be entitled to recover from Tenant, as damages for loss of the bargain and not as a penalty, an aggregate
sum equal to (i) all unpaid Rent and other charges for any period prior to the termination date of this Lease (including interest
from the due date to the date of the award at the rate described in Section 19(e), plus any other sum of money and damages owed
by Tenant to Landlord for events or actions occurring prior to the termination date; plus (ii) the present value at the time of
termination (calculated at the Prime Rate of the Wells Fargo Bank or its successor on the termination date) of the amount, if any,
by which (A) the aggregate of the Rent and all other charges payable by Tenant under this Lease that would have accrued for the
balance of the Term after termination (with respect to Operating Expenses, such aggregate will be calculated by assuming that Operating
Expenses for the calendar year in which termination occurs and for each subsequent calendar year remaining in the Term of this
Lease had the Lease not been terminated will increase by 8% per year over the amount of Operating Expenses for the prior calendar
year), exceeds (B) the amount of such Rent and other charges which Landlord will receive for the remainder of the Term from any
reletting of the Premises occurring prior to the date of the award, or if the Premises have not been relet prior to the date of
the award the amount, if

    	 

    	 

    

any,
of such Rent and other charges which could reasonably be recovered by reletting the Premises for the remainder of the Term at the
then-current fair rental value, in either case taking into consideration loss of Rent while finding a new tenant, leasing brokers'
commissions and other costs which Landlord has incurred or might incur in leasing the Premises to a new tenant; plus (iii) interest
on the amount described in (ii) above from the termination date to the date of the award at the rate described in Section 19(e).

		iii)	Landlord may reenter and take possession
of all or any part of the Premises, without additional demand or notice, and repossess the same and expel Tenant and any party
claiming by, through or under Tenant, and remove the effects of both using such force for such purposes as may be necessary, without
being liable for prosecution for such action or being deemed guilty of any manner of trespass, and without prejudice to any remedies
for arrears of Rent or right to bring any proceeding for breach of this lease. No such reentry or taking possession of the Premises
by Landlord will be construed as an election by Landlord to terminate this Lease unless a written notice of such intention is given
to Tenant. No notice from Landlord or notice given under a forcible entry and detainer statute or similar laws will constitute
an election by Landlord to terminate this Lease unless such notice specifically so states. Landlord reserves the right, following
any reentry or reletting, to exercise its right to terminate this Lease by giving Tenant such written notice, in which event the
Lease will terminate as specified in such notice. After recovering possession of the Premises, Landlord may, from time to time,
but will not be obligated to, relet all or any part of the Premises for Tenant's account, for such term or terms and on such conditions
and other terms as Landlord, in its discretion, determines. Landlord may make such repairs, alterations or improvements as Landlord
considers appropriate to accomplish such reletting, and Tenant will reimburse Landlord upon demand for all costs and expenses,
including attorneys' fees, which Landlord may incur in connection with such reletting. Landlord may collect and receive the rents
for such reletting, but Landlord will in no way be responsible or liable for any failure to relet the Premises or for any inability
to collect any rent due upon such reletting. Regardless of Landlord's recovery of possession of the Premises, Tenant will continue
to pay on the dates specified in this Lease, Rent and other charges which would be payable if such repossession had not occurred,
less a credit for the net amounts, if any, actually received by Landlord through any reletting of the Premises.

		b)	Whether or not Landlord elects to terminate
this Lease on account of any default by Tenant, Landlord shall have the right to terminate any and all subleases, licenses, concessions
or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole
discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s
election to succeed to Tenant’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of
the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable
thereunder.

		c)	No failure by Landlord to insist upon the
strict performance of any agreement, term, covenant or condition hereof or to exercise any right or remedy consequent upon a breach
thereof, and no acceptance of full or partial rent during the continuance of any such breach, shall constitute a waiver of any
such breach of such agreement, term, covenant or condition. No agreement, term, covenant or condition hereof to be performed or
complied with by Tenant, and no breach thereof, shall be waived, altered or modified except by written instrument executed by Landlord.
No waiver of any one breach shall affect or alter this Lease, but each and every agreement, term, covenant and condition hereof
shall continue in full force and effect with respect to any other then existing or subsequent breach thereof. Notwithstanding any
unilateral termination of this Lease, this Lease shall continue in force and effect as to any provisions hereof which require observance
or performance of Landlord or Tenant subsequent to termination.

		d)	Nothing contained in this Section 19 shall
limit or prejudice the right of Landlord to prove and obtain as liquidated damages in any bankruptcy, insolvency, receivership,
reorganization or dissolution proceeding, an amount equal to the maximum allowed by any statute or rule of law governing such proceeding
and in effect at the time when such damages are to be proved, whether or not such amount be greater, equal to or less than the
amounts recoverable, either as damages or rent, referred to in any of the preceding provisions of this Section 19.

		e)	Any Rent or other amounts owing to Landlord
hereunder which are not paid within five (5) days of the date they are due, shall thereafter bear interest from the due date at
the rate of eighteen percent (18%) per annum ("Interest Rate") until paid. Similarly, any amounts paid by Landlord to
cure any default of Tenant or to perform any obligation of Tenant, shall, if not repaid by the Tenant within five (5) days of demand
by Landlord, thereafter bear interest from the date paid by Landlord at the Interest Rate until paid. In addition, Tenant shall
pay to Landlord whenever any Monthly Base Rent, Additional Rent or any other sums due hereunder remain unpaid more than five (5)
days after the due date thereof, a late charge equal to fifteen percent (15%) of the amount due. Further, in the event of default
by Tenant, in addition to all other rights and remedies, Landlord shall be entitled to receive from Tenant all sums, the payment
of which may previously have been waived or abated by Landlord, or which may have been paid by Landlord pursuant to any agreement
to grant Tenant a rental abatement or other monetary inducement or concession, including but not

    	 

    	 

    

limited
to any tenant finish allowance or moving allowance, together with interest thereon from the date or dates such amounts were paid
by Landlord or would have been due from Tenant but for the abatement, monetary inducement or concession, at the Interest Rate,
until paid; it being understood and agreed that such inducement, concession or abatement was made on the condition and basis that
Tenant fully perform all obligations and covenants under the Lease for the entire term.

		f)	Each right and remedy provided for in this
Lease shall be cumulative and shall be in addition to every other right or remedy provided for in this Lease, now or hereafter
existing at law or in equity or by statute or otherwise, including, but not limited to, suits for injunctive or declaratory relief
and specific performance. The exercise or commencement of the exercise by Landlord of any one or more of the rights or remedies
provided for in this Lease shall not preclude the simultaneous or subsequent exercise by Landlord of any or all other rights or
remedies provided for in this Lease. All costs incurred by Landlord in connection with collecting any amounts and damages owing
by Tenant pursuant to the provisions of this Lease or to enforce or seek interpretation of any provision of this Lease, including
by way of example, but not limitation, reasonable attorneys' fees, costs and expenses and court costs from the date any such matter
is turned over to an attorney, shall also be recoverable by Landlord from Tenant.

		g)	In the event of any default by Landlord,
Tenant's exclusive remedy will be an action for damages (Tenant waives the benefit of any laws granting it a lien upon the property
of Landlord and/or upon rent due Landlord); provided that, prior to commencing any such action Tenant will give Landlord written
notice specifying such default with particularity, and, except as otherwise expressly set forth herein, Landlord will have thirty
(30) days in which to cure any such default; provided, however, that if Landlord cannot reasonably cure such default within said
thirty (30) day period, Landlord shall not be in default if it commences cure within said thirty (30) day period and diligently
pursues the same to completion. Unless and until Landlord fails to so cure any default after such notice, Tenant will not have
any remedy or cause of action by reason of such default or alleged default. All obligations of Landlord under this Lease will be
construed as independent covenants, not conditions; and all such obligations will be binding upon Landlord only during the period
of its ownership of the Premises. The term "Landlord" means only the owner, for the time being of the Premises, and in
the event of the transfer by such owner of its interest in the Premises, such owner will be released and discharged from all covenants
and obligations of the Landlord accruing after such transfer, but such covenants and obligations will be binding during the Lease
term upon each new owner for the duration of such owner's ownership. Landlord will not have any personal liability under this Lease;
Tenant agrees to look solely to the equity or interest then owned by Landlord in the Premises.

		20.	Subordination and Attornment.

Tenant
accepts this Lease and the Premises subject and subordinate to any mortgage(s) and/or deed(s) of trust now or at any time hereafter
constituting a lien or charge upon the Premises or the Building. This provision is self-operative and no further instrument of
subordination will be required in order to affect it. Tenant will at any time on demand execute any instruments, releases or other
documents which may be required by any mortgagee for the purpose of subjecting and subordinating this Lease to the lien of any
such mortgage or deed of trust. Tenant agrees that if the holder of any mortgage, deed of trust or other encumbrance encumbering
the Building succeeds to Landlord's interest in the Premises, Tenant will pay to such holder all Rents subsequently payable under
this Lease and Tenant will, upon request of such successor in interest, automatically become the Tenant of and attorn to such successor
in interest without change in the terms or provisions of this Lease. Tenant will, upon demand, execute, acknowledge and deliver
an instrument or instruments confirming such attornment.

		21.	Mechanic's Liens and Tenant's Taxes.

		a)	Tenant shall pay or cause to be paid all
costs for work done by or on behalf of Tenant or caused to be done by or on behalf of Tenant on the Premises of a character which
will or may result in liens against Landlord's interest in the Premises or Building and Tenant will keep the Premises and Building
free and clear of all mechanic's liens and other liens on account of work done for or on behalf of Tenant or persons claiming under
Tenant. Tenant shall indemnify, defend and save Landlord harmless of and from all liability, loss, damages, costs or expenses,
including reasonable attorneys' fees, incurred in connection with any claims of any nature whatsoever for work performed for, or
materials, services or supplies furnished to Tenant, including lien claims of laborers, materialmen or others. Should any such
liens be filed or recorded against the Premises or Building with respect to work done, services performed for or materials supplied
to or on behalf of Tenant, Tenant shall cause such liens to be released of record within five (5) days after notice thereof. If
Tenant shall be in default in paying any charge for which such a mechanic's lien or suit to foreclose such a lien has been recorded
or filed and shall not have caused the lien to be released or suit dismissed as aforesaid, Landlord may (but without being required
to do so) pay such lien or claim and any costs associated therewith, and the amount so paid, together with reasonable attorneys'
fees incurred in connection therewith, shall be immediately due from Tenant to Landlord as Additional Rent.

    	 

    	 

    

		b)	Tenant shall be liable for and shall pay
at least ten (10) days before delinquency and Tenant hereby agrees to indemnify and hold Landlord harmless from and against any
liability in connection with, all taxes levied against any personal property, fixtures, equipment, apparatus, systems and appurtenances
placed by or on behalf of Tenant in or about or utilized by Tenant in, upon or in connection with the Premises ("Equipment
Taxes"). If any Equipment Taxes are levied against Landlord or Landlord's property or if the assessed value of Landlord's
property is increased by the inclusion therein of a value placed upon such personal property, fixtures, equipment, apparatus, systems
or appurtenances of Tenant, and if Landlord, after written notice to Tenant, pays the Equipment Taxes or taxes based upon such
an increased assessment (which Landlord shall have the right to do regardless of the validity of such levy, but under proper protest
if requested by Tenant prior to such payment and if payment under protest is permissible), Tenant shall pay to Landlord upon demand,
as Additional Rent hereunder, the taxes so levied against Landlord or the proportion of such taxes resulting from such increase
in the assessment. Notwithstanding the foregoing to the contrary, Tenant shall cooperate with Landlord to the extent reasonably
necessary to cause the fixtures, furnishings, equipment and other personal property to be assessed and billed separately from the
Building and/or the real property of which the Premises form a part.

		c)	Tenant shall pay to Landlord, as Additional
Rent, any excise, sales, privilege or other tax, assessment or other charge (other than income or franchise taxes) imposed, assessed
or levied by any governmental or quasi-governmental authority or agency upon Landlord on account of this Lease, the Rent or other
payments made by Tenant hereunder, any other benefit received by Landlord hereunder, Landlord's business as a lessor hereunder,
or otherwise in respect of or as a result of the agreement or relationship of Landlord and Tenant hereunder.

		22.	Authority for Action and Notice.

		a)	Except as otherwise provided herein, Landlord
may, for any matter pertaining to this Lease, act by and through its Building manager or any other person designated in writing
from time to time.

		b)	All notices or demands required or permitted
to be given to Landlord hereunder shall be in writing, and shall be deemed duly served when received, if hand delivered and receipted
for, or upon deposit in the United States mail, with proper postage prepaid, certified or registered, return receipt requested,
addressed to Landlord at its address as specified in Section 1 hereof. All notices or demands required to be given to Tenant hereunder
shall be in writing, and shall be deemed duly served when received, if hand delivered, or upon deposit in the United States mail,
with proper postage prepaid, certified or registered, return receipt requested, addressed to Tenant at its address as specified
in Section 1 hereof. Either party shall have the right to designate in writing, served as above provided, a different address to
which notice is to be provided. The foregoing shall in no event prohibit notice from being given as provided in Rule 4 of the Colorado
Rules of Civil Procedure, as the same may be amended from time to time.

		23.	Estoppel Certificates.

Tenant
agrees that, from time to time, upon not less than ten (10) days prior request by Landlord (and which ten-day period is not subject
to any notice and cure periods otherwise provided under this Lease), Tenant shall execute and deliver to Landlord a written Certificate
certifying all matters and statements pertaining to this Lease as may be requested by Landlord and/or Landlord's respective lenders
or purchasers. If Tenant fails to execute and deliver any such Certificate within ten (10) days after such request, then such failure
shall constitute a material default by Tenant under this Lease, and in such event, Tenant agrees to pay to Landlord as liquidated
damages therefore (and in addition to all equitable remedies available to Landlord) an amount equal to Fifty Dollars ($50.00) per
day for each day that Tenant fails to so deliver such Certificate to Landlord after the expiration of such ten (10) day period.

If Tenant
fails to execute any such instrument within said ten (10) day period, Tenant irrevocably appoints Landlord as its attorney-in-fact,
in Tenant's name, to execute such instrument and Tenant's failure to deliver such Estoppel Certificate within said ten (10) day
period shall be conclusive upon Tenant that this Lease is in full force and effect, without modification, except as may be represented
by Landlord, that there are no uncured defaults in Landlord's performance, not more than one (1) month's rental has been paid in
advance, and that all other statements required to be made in the Estoppel Certificate are conclusively made.

It is understood
and agreed that Tenant's obligation to furnish such Estoppel Certificates in a timely fashion is a material inducement for Landlord's
execution of this Lease.

		24.	Landlord Option to Demolish.

In
the event Landlord desires to sell the property, or to change the use of the building, or to remodel or demolish same, or any combination
thereof, Landlord shall have the right to terminate this Lease upon giving Tenant six (6) months advance written notice, at the
end of which Tenant shall surrender the premises to Landlord.

    	 

    	 

    

		25.	Review by Legal Counsel.

This
Lease has important legal consequences. This Lease was prepared by Landlord’s legal counsel, who does not represent the Tenant.
Tenant has been given the opportunity, and Landlord has strongly urged Tenant, to have its own legal counsel review this Lease
and to advise Tenant regarding this Lease and its consequences prior to entering into this Lease.

		26.	Miscellaneous.

		a)	Words of any gender used in this Lease will
be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice
versa, unless the context otherwise requires.

		b)	The terms, provisions, covenants and conditions
contained in this Lease shall apply to, inure to the benefit of, and be binding upon, the parties to this Lease and their respective
heirs, legal representatives, successors and permitted assigns, except as otherwise expressly provided in this Lease. Landlord
shall have the right to transfer and assign, in whole or in part, its rights and obligations in the Building and this Lease.

		c)	The captions inserted in this Lease are for
convenience only and in no way define, limit or otherwise describe the scope or intent of this Lease, or any provision hereof,
or in any way affect the interpretation of this Lease.

		d)	All obligations of Tenant under this Lease
which are not fully performed as of the expiration or earlier termination of this Lease will survive the expiration or earlier
termination of the Lease term, including without limitation all payment obligations with respect to taxes and insurance and all
obligations concerning the condition of the Premises. Upon the expiration or earlier termination of this Lease, and prior to Tenant's
vacating the Premises, Tenant will pay to Landlord any amount reasonably estimated by Landlord to put the Premises in good condition
and repair. Tenant shall also, prior to vacating the Premises, pay to Landlord the amount, as estimated by Landlord, of Tenant's
obligation for real estate taxes and insurance premiums for the year in which the Lease expires or terminates. All such amounts
shall be used and held by Landlord for payment of such obligations of Tenant under this Lease, with Tenant being liable for any
additional costs upon demand by Landlord, or with any excess to be returned to the Tenant after all such obligations have been
determined and satisfied, as the case may be. Any security deposit held by Landlord may, upon Landlord's election, be credited
against the amount payable by Tenant under this subsection.

		e)	If any clause or provision of this Lease
is illegal, invalid or unenforceable under present or future laws effective during the term of this Lease, then and in that event,
it is the intention of the parties to this Lease that the remainder of this Lease will not be affected thereby, and it is also
the intention of the parties to this Lease that in lieu of each clause or provision of this Lease that is illegal, invalid or unenforceable,
there be added as a part of this Lease a clause or provision as similar in terms to such illegal, invalid or unenforceable clause
or provision as may be possible and be legal, valid and enforceable.

		f)	Landlord reserves the right to relocate the
Tenant to substantially comparable space within the Building. Landlord will give Tenant written notice of its intention to relocate
the Premises, and Tenant will complete its relocation within thirty (30) days after Landlord's notice. The Monthly Base Rent of
the new premises will not exceed the Monthly Base Rent for the Premises unless Landlord and Tenant otherwise agree in writing.
Effective on the date of such relocation this Lease will be amended by deleting the description of the Premises and substituting
for it a description of the new premises. Landlord agrees to pay the reasonable costs of moving tenant to such other space within
the Building.

		g)	This Lease is an offer only, subject to prior
leasing of the Premises and such offer is subject to withdrawal or non-acceptance by Landlord or to other leasing of the Premises
without notice. This Lease will not be valid or binding unless and until accepted by Landlord in writing and a fully executed copy
has been delivered to both parties to this Lease.

		h)	Tenant represents and warrants that it has
dealt with no broker, agent or other person in correction with this transaction or that no broker, agent or other person brought
about this transaction, other than the Broker identified in Section 1, and Tenant agrees to indemnify and hold Landlord harmless
from and against any claims by any other broker, agent or other person claiming a commission or other form of compensation by virtue
of having dealt with Tenant with regard to this Lease. At any time after commencement of the lease term, should Tenant retain a
real estate broker to represent its interest in negotiations with Landlord for either a new lease or modification of terms for
a pending renewal option, if any, Tenant shall be solely responsible for any and all commissions due to Tenant’s broker.

		i)	Time is of the essence hereof.

		j)	This Lease shall be governed by and construed
in accordance with the applicable laws of the State of Colorado. Tenant agrees to submit to the jurisdiction of the District Court
in and for the City and County of Denver, Colorado with respect to any litigation concerning this Lease.

    	 

    	 

    

		k)	This Lease, together with the exhibits attached
hereto, contains the entire agreement of the parties and, except as otherwise expressly set forth herein, may not be amended or
modified in any manner except by an instrument in writing signed by both parties.

		l)	Wherever there is provided in this Lease
a time limitation for performance by Landlord or Tenant of any obligation, including but not limited to obligations related to
construction, repair, maintenance or service (but excluding Tenant's obligation to pay Rent and other monetary obligations of Tenant
hereunder), the time provided for shall be extended for as long as, and to the extent that delay in compliance with such limitation
is due to, an act of God, government control, labor disputes, strikes, civil disturbance or other factors beyond the reasonable
control of either Landlord or Tenant, as applicable.

		m)	Neither Tenant nor anyone acting through,
for, or in place of Tenant, including but not limited to any trustee, receiver, trustee in bankruptcy or other liquidating agent,
shall conduct or advertise on or from or pertaining to the Premises, any auction or close-out or going out of business or liquidation
sale. 

		n)	This Lease has been freely negotiated by
both parties; and in any controversy, dispute, or conflict over the meaning, interpretation, validity or enforceability of this
Lease or any of its terms or conditions, there shall be no inference, presumption, or conclusion drawn whatsoever against either
party by virtue of that party having drafted this Lease or any portion thereof.

 

LEASE
AGREEMENT SIGNATURE PAGE

BETWEEN
910 ASSOCIATES, INC. and Joel C. Schneider

LANDLORD:TENANT:

910 ASSOCIATES,
INC.Joel C. Schneider

a Colorado
corporation

 

 

/s/
David L. Kauman/s/ Joel C. Schneider

By: David
L. KaufmanBy: Joel C. Schneider

Its: Property
Manager

 

EXHIBIT A - RULES
AND REGULATIONS

		1.	At all times during the term of this Lease the Landlord shall have
the right by itself, its agents and employees, to enter into and upon the Premises during reasonable business hours for the purpose
of examining and inspecting the same and determining whether the Tenant shall have complied with his obligations under the Lease
and the Rules and Regulations contained herein, with respect to the care and maintenance of the Premises and the repair or rebuilding
of the improvements thereon, when necessary.

		2.	Tenant shall not use the name of the Building
for any purpose other than Tenant's business address and shall never use a picture or likeness
of the Building or Premises in any advertisement, notice or correspondence without the Landlord's written consent thereto.

		3.	Tenant shall not make or permit any noise,
vibration or odor that is objectionable to the public, or to other occupants of the Building, to emanate from the Premises and
shall not create or maintain a nuisance thereon and shall not disturb, solicit or canvass any occupant
and shall not do any act tending to injure the reputation of the Building. Nor shall Tenant use the Premises for lodging, sleeping,
cooking, or for any immoral or illegal purpose or for any purpose that will damage the Building, or the reputation thereof, or
for any purposes other than those specified in this Lease.

		4.	Tenant shall not place or permit any radio
antenna, loud speakers, sound amplifiers, or similar devices on the roof or outside of the Premises
or Building. Nothing shall be placed on the outside window ledges of the Building, nor shall any awnings or window coverings be
attached/installed in the Premises or Building without the prior written consent of the Landlord.

		5.	The Building sidewalks, entrances, passages,
vestibules, stairways, corridors, elevators and halls must not be obstructed or encumbered or used for any purpose other than ingress
and egress to and from the Premises. No furniture, refuse or other items shall be placed
in front of the Premises, or on/in any sidewalks, entrances, passages, vestibules,
stairways, corridors, elevators or halls. Landlord shall have the right to remove all non-permitted furniture or other items, without
notice to Tenant, and at the expense of Tenant.

		6.	Supplies, goods, materials, packages, furniture
and all such items of every kind are to be delivered at the entrance point provided therefor, or in such manner as the Landlord
may provide and the Landlord is not responsible for the loss or the damage of any
such property notwithstanding such loss or the damage which may occur through the carelessness
or negligence of the employees of the

    	 

    	 

    

Building.
All such items moved in or out of the Building or Premises shall be done at such time and in such manner as acceptable to the Landlord,
and only upon the elevator designated by Landlord for such purpose. No safe or other item, the weight of which may constitute a
hazard or danger to the Building or its equipment, shall be brought into the Building or Premises.

		7.	Tenant shall see that the windows and doors
of the Premises are closed and securely locked before leaving the Building or Premises to prevent damage from fire, storms, freezing,
theft or vandalism. Tenant must observe strict care and caution that all water faucets or other apparatus are entirely shut off
before Tenant or Tenant's employees leave the Building or Premises and that all electricity, gas or air shall likewise be carefully
shut off, so as to prevent waste or damage, and for any default or carelessness Tenant shall make good all injuries sustained by
Landlord and/or other Tenants or occupants of the Building or Premises.

		8.	If Tenant elects to install any concession
or vending machine in the Premises, such machines and their products shall be limited to the express
use of Tenant and its employees and guests. Tenant shall not sell or make available
from the Premises the following items: cigars, cigarettes, tobaccos, pipes, candies, newspapers, magazines or greeting cards.

		9.	Landlord reserves the right to designate
all sources furnishing sign painting, lettering and/or awnings and to establish a limitation on sign
and/or awning styles and format. Tenant shall affix no additional signage and/or awnings not considered Building standard,
in the Landlord's discretion, without prior written approval of Landlord. Landlord shall have the right to remove all non-permitted
signs and/or awnings, without notice to Tenant, and at the expense of Tenant.

		10.	No animals, except as required by law, e.g.
guide and service dogs, shall be permitted in or on the Premises or Building.

		11.	No additional
lock or locks shall be placed by Tenant on any doors in the Premises without the prior
written consent of Landlord.

		12.	Tenant shall
not conduct in or about the Premises or Building any auction, public or private, without the prior written consent of Landlord.

		13.	Tenant shall not allow to be deposited any
trash, refuse, cigarettes, or other substances of any kind within or without the Premises or Building except
in refuse containers provided therefore. Tenant shall not introduce onto the Building or Premises any
substance which might add an undue burden to the cleaning or maintenance of the Premises or Building. Tenant shall exercise its
best efforts to keep the sidewalks, entrances, passages, courts, lobby areas, stairways, vestibules, corridors, elevators and halls
in and about the Premises and Building clean and free from rubbish.

		14.	The light through the transoms and glass
partitions opening into the halls and other parts of the Building shall not be obstructed in any manner by Tenant.

		15.	Bicycles or
other vehicles shall not be permitted in the Premises or the Building.

		16.	Tenant shall
not mark upon, paint signs upon, cut, drill into, drive nails or screws into, or in
any way deface the walls, ceilings, partitions or floors of the Premises or the Building.

		17.	No act or thing done or omitted to be done
by Landlord or Landlord's agent during the term of the Lease which is necessary to enforce these Rules and Regulations shall constitute
an eviction by Landlord nor shall it be deemed a surrender or acceptance
of the Premises, and no agreement to accept such surrender shall be valid unless in writing signed by Landlord. No employee of
Landlord or Landlord's agent shall have any power to accept the keys of the Premises prior to the termination of the Lease. The
delivery of keys to any employee of Landlord or Landlord's agent shall not be construed as a termination of the Lease or a surrender
of the Premises.

		18.	Landlord shall not be liable to Tenant for
violation of any said Rules and Regulations or the breach of any covenant or condition in any Lease by
any other tenant in the Building.

		19.	The failure of the Landlord to seek redress
for violation of, or insist upon the strict performance of any covenants or conditions of this Lease or any of the Rules and Regulations
set forth above or hereafter adopted by Landlord, shall not prevent a subsequent act, which would have originally constituted a
violation, from having all the force and effect of any original violation. The
receipt by Landlord of Rent with knowledge of the breach of any covenant of this Lease
or breach of these Rules and Regulations shall not be deemed a waiver of such breach. The failure of Landlord to enforce any of
these Rules and Regulations as set forth above or hereafter adopted against Tenant and/or any other tenant in the Building shall
not be deemed a waiver of any such Rules and Regulations.

		20.	The Landlord at all times shall have the
right to amend, modify or waive any of the foregoing Rules and Regulations and to make such other and future rules
and regulations as the Landlord may adopt, provided such changes shall not unreasonably interfere with the Permitted Use of the
Premises. Tenant agrees to comply with all such rules and regulations upon notice to Tenant from Landlord
thereof. In the event of any breach of any rules and regulations herein set forth or any reasonable amendments, modifications or
additions hereto, Landlord shall have all remedies in this Lease provided for in the event of default by Tenant.

		21.	Tenant and their employees, clients and
customers shall not smoke in the building. This includes all common areas and suites. Nor shall Tenant, their employees, clients
and customers smoke within fifty (50) feet of the main entrance of the building.

    	 

    	 

    

		22.	No more than six (6) individuals can occupy
the premises defined in 1(g) on a regular, on going basis.

		23.	Tenant is responsible for policing its employees
including keeping employees from loitering in the hallways, bathrooms and in front of the building entrances as well as informing
employees and enforcing the non-smoking policy in the building.

    	 

    	 

    

 

University Building Office
Lease for Suite 412

The Mary Jane Group, Inc.
– Joel C. Schneider

Table of Contents

	1.   Definitions; Basic Lease Information.	1
	2.   Premises.	1
	3.   Monthly Base Rent; Security Deposit; Office Services; and Signage.	2
	4.   Option to Renew.	2
	5.   Use: Compliance with Laws and Rules and Regulations.	2
	6.   Operating Expenses; Payment of Tenant's Pro Rata Share.	3
	7.   Landlord's Repairs.	4
	8.   Tenant's Repairs.	4
	9.   Alterations.	4
	10.   Landlord's Right of Access; Inspection.	5
	11.   Utilities.	5
	12.   Assignment and Subletting.	5
	13.   Insurance.	5
	14.   Damage and Destruction.	6
	15.   Condemnation.	7
	16.   Holding Over.	7
	17.   Quiet Enjoyment.	7
	18.   Events of Default.	7
	19.   Remedies.	8
	20.   Subordination and Attornment.	10
	21.   Mechanic's Liens and Tenant's Taxes.	10
	22.   Authority for Action and Notice.	11
	23.   Estoppel Certificates.	11
	24.   Landlord Option to Demolish.	11
	25.   Review by Legal Counsel.	12
	26.   Miscellaneous.	12
	EXHIBIT A - RULES AND REGULATIONS	13

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