Document:

exv10w3

 

	 	 	 	 	 

Exhibit 10.3

GRANT OF SECURITY INTEREST IN

UNITED STATES TRADEMARKS AND PATENTS

     FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which are hereby acknowledged,
WELLMAN, INC. and Fiber Industries, Inc., each Delaware corporations having their principal offices
at 1041 521 Corporate Center Drive, Fort Mill, South Carolina (the “Grantors”), as debtors
and debtors in possession, hereby grant to Deutsche Bank Trust Company Americas, as Collateral
Agent, with principal offices at 60 Wall Street, New York, New York, (the “Grantee”), a
security interest in (i) all of the Grantors’ right, title and interest in and to the United States
trademarks, trademark registrations and trademark applications (the “Marks”) set forth on
Schedule A attached hereto, (ii) all of the Grantors’ right, title and interest in and to
the United States patents (the “Patents”) set forth on Schedule B attached hereto,
in each case together with (iii) all Proceeds (as such term is defined in the Security Agreement
referred to below) of the Marks and Patents, (iv) the goodwill of the businesses symbolized by the
Marks and (v) all causes of action arising prior to or after the date hereof for infringement of
any of the Marks and Patents or unfair competition regarding the same. Notwithstanding the
foregoing, no security interest shall be deemed to be granted in any trademark application filed on
an intent-to-use basis until such time as a statement of use has been filed and accepted by the
United States Patent and Trademark Office.

     THIS GRANT is made to secure the full and prompt performance and payment of all the
Obligations of the Grantors, as such term is defined in the Credit Agreement among the Grantors,
the other borrowers party thereto, the other lenders party thereto and the Grantee, dated as of
February 26, 2008 (as amended, restated, supplemented or otherwise modified from time to time).
Upon the occurrence of the Termination Date (as defined in the Security Agreement), the Grantee
shall, upon such satisfaction, execute, acknowledge, and deliver to the Grantors an instrument in
writing releasing the security interest in and re-assigning the Marks and Patents acquired under
this Grant to the Grantors.

     This Grant has been granted in conjunction with the security interest granted to the Grantee
under the Security Agreement between the Grantors, the other assignors party thereto and the
Grantee, dated as of February 26, 2008 (the “Security Agreement”). The rights and remedies
of the Grantee with respect to the security interest granted herein are more fully set forth in the
Security Agreement, all terms and provisions of which are incorporated herein by reference. In the
event that any provisions of this Grant are deemed to conflict with the Security Agreement, the
provisions of the Security Agreement shall govern.

[signature page follows]

 

 

     IN WITNESS WHEREOF, the undersigned have executed this Grant of Security Interest as of the
26th day of February, 2008.

	 	 	 	 	 	 	 
	 	 	WELLMAN, INC.,
as Grantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Phillips	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 
 	 	 
	 
	 	 	 	 	 	 
	 	 	FIBER INDUSTRIES, INC.,
as Grantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Phillips	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 
 	 	 
	 
	 	 	 	 	 	 
	 	 	DEUTSCHE BANK TRUST COMPANY 

AMERICAS, as Grantee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marguerite Sutton	 	 
	 

	 	Name:
	 	 

Marguerite Sutton
	 	 
	 

	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David J. Bell	 	 
	 

	 	Name:
	 	 

David J. Bell
	 	 
	 

	 	Title:
	 	Managing Director	 	 

 

 

STATE OF
New York)

                      
              ) ss.:

COUNTY OF New York            )

On this 22 day of February, 2008 before me personally came Marguerite Sutton, who
being duly sworn, did depose and say that s/he is Director of deutsche Bank Trust Company
Americas, that s/he is authorized to execute the foregoing Grant of Security Interest on behalf of
said corporation and that s/he did so by authority of the Board of Directors of said corporation.

/s/ Maureen E. Thomas
                                                            

Notary Public

Maureen E. Thomas

Notary Public – State of New York

No. 01TH6098264

Qualified in Bronx County

Certified in New York County

My Commission Expires 9/08/2011

 

 

	 	 	 
	STATE OF
New York
	 	)
	 
	 
	 	)  ss.:
	 
	COUNTY OF
New York
	 	)

On this 22 day of February, 2008 before me personally came David J. Bell who, being
by me duly sworn, did state as follows: that s/he is Managing Director of Deutsche Bank
Trust Company Americas that s/he is authorized to execute the foregoing Grant of Security Interest
on behalf of said corporation and that s/he did so by authority of the Board of Directors of said
corporation.

/s/ Maureen E. Thomas
                                                            

Notary Public

Maureen E. Thomas

Notary Public – State of New York

No. 01TH6098264

Qualified in Bronx County

Certified in New York County

My Commission Expires 9/08/2011exv10w4

 

Exhibit 10.4

GRANT OF SECURITY INTEREST

IN UNITED STATES COPYRIGHTS

          WHEREAS, WELLMAN, Inc., MRF, Inc. and Fiber Industries, Inc., each Delaware corporations
having their chief executive offices at 1041 521 Corporate Center Drive, Fort Mill, South Carolina
(the “Grantors”), as debtors and debtors in possession, are the owners of all right, title
and interest in and to the United States copyrights and associated United States copyright
registrations and applications for registration set forth in Schedule A attached hereto;

          WHEREAS, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent, having its principal
offices at 60 Wall Street, New York, New York, (the “Grantee”), desires to acquire a
security interest in, and lien on, all of Grantors’ right, title and interest in and to Grantors’
copyrights and copyright registrations and applications therefor described above; and

          WHEREAS, the Grantors are willing to assign to the Grantee, and to grant to the Grantee a
security interest in and lien upon the copyrights and copyright registrations and applications
therefor described above;

          NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, and subject to the terms and conditions of the Security Agreement, dated as of
February 26, 2008, between the Grantors, the other assignors from time to time party thereto and
the Grantee (as amended, restated, supplemented or otherwise modified from time to time, the
“Security Agreement”), the Grantors hereby assign to the Grantee, and grant to the Grantee
a security interest in and a lien upon, all of Grantors’ right, title and interest in and to
Grantors’ copyrights and copyright registrations and applications more particularly set forth on
Schedule A attached hereto, (the “Copyrights”) together with (i) all Proceeds (as
such term is

 

 

defined in the Security Agreement referred to above) of the Copyrights, and (ii) all causes of
action arising prior to or after the date hereof for infringement of any Copyright.

          This GRANT OF SECURITY INTEREST is made to secure the satisfactory performance and payment of
all the Obligations (as such term is defined in the Credit Agreement, dated as of February 26,
2008, among the Grantors, the other borrowers party thereto, the Grantee and the lenders signatory
thereto from time to time) of the Grantors and shall be effective as of the date of the Security
Agreement. Upon the occurrence of the Termination Date (as defined in the Security Agreement), the
Grantee shall, upon such satisfaction, execute, acknowledge, and deliver to Grantors an instrument
in writing releasing the security interest in the Copyrights acquired under this Grant of Security
Interest.

          This Grant of Security Interest has been granted in conjunction with the security interest
granted to Grantee under the Security Agreement. The rights and remedies of the Grantee with
respect to the security interest granted herein are more fully set forth in the Security Agreement,
all terms and provisions of which are incorporated herein by reference. In the event that any
provisions of this Grant of Security Interest are deemed to conflict with the Security Agreement,
the provisions of the Security Agreement shall govern.

[Signature Page Follows]

2

 

          IN WITNESS WHEREOF, the undersigned have executed this Grant as of the 26th day of February,
2008.

	 	 	 	 	 	 	 
	 	 	WELLMAN, INC.,

as Grantor
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Phillips	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 
 	 	 
	 
	 	 	 	 	 	 
	 	 	MRF, INC.,

as Grantor
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Phillips	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 
 	 	 
	 
	 	 	 	 	 	 
	 	 	FIBER INDUSTRIES, INC.,

as Grantor
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Phillips	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 
	 	 
 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 
	 	 
 	 	 
	 
	 	 	 	 	 	 
	 	 	DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Grantee
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marguerite Sutton	 	 
	 

	 	Name:
	 	 

Marguerite Sutton
	 	 
	 

	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David J. Bell	 	 
	 

	 	Name:
	 	 

David J. Bell
	 	 
	 

	 	Title:
	 	Managing Director	 	 

 

 

	 	 	 
	STATE OF
New York
	 	                       )
	 
	 	)  ss.:
	COUNTY OF
New York
	 	)

          On this 22 day of February, 2008, before me personally came Marguerite Sutton
who, being by me duly sworn, did state as follows: that s/he is Director of Deutsche Bank Trust
Company Americas that s/he is authorized to execute the foregoing Grant of Security Interest on
behalf of said corporation and that s/he did so by authority of the Board of Directors of said
corporation.

/s/ Maureen E. Thomas
                                                            

Notary Public

Maureen E. Thomas

Notary Public – State of New York

No. 01TH6098264

Qualified in Bronx County

Certified in New York County

My Commission Expires 9/08/2011

 

 

	 	 	 
	STATE OF
New York
	 	)
	 
	 	 
	 
	 	)  ss.:
	 
	 	 
	COUNTY OF
New York
	 	)

On this 22 day of February, 2008 before me personally came David J. Bell who, being
by me duly sworn, did state as follows: that s/he is Managing Director of Deutsche Bank
Trust Company Americas that s/he is authorized to execute the foregoing Grant of Security Interest
on behalf of said corporation and that s/he did so by authority of the Board of Directors of said
corporation.

/s/ Maureen E. Thomas
                                                            

Notary Public

Maureen E. Thomas

Notary Public – State of New York

No. 01TH6098264

Qualified in Bronx County

Certified in New York County

My Commission Expires 9/08/2011

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