Document:

3.31.15 EX 43

PARTIAL RELEASE OF TRADEMARK SECURITY AGREEMENT
THIS PARTIAL RELEASE OF TRADEMARK SECURITY AGREEMENT (this “Release”) is made as of  January 30, 2015 (the “Effective Date”) by BANK OF AMERICA, N.A., as collateral agent (in such capacity, the “Collateral Agent”), on behalf of itself and the other Secured Parties for the benefit of CHEMICAL SPECIALISTS AND DEVELOPMENT, LLC and STARTEX CHEMICAL, LLC (each, individually, a “Grantor”).
WHEREAS, pursuant to the terms and conditions of that certain Pledge and Security Agreement, dated as of March 31, 2011 among Nexeo Solutions, LLC (the “Borrower”), Nexeo Solutions Holdings, LLC, Nexeo Solutions Sub Holding Corp., certain subsidiaries of the Borrower party thereto from time to time (including each Grantor), the Lenders party thereto from time to time and the Collateral Agent (as it may have been from time to time amended, restated, modified or supplemented, including pursuant to the Joinder Agreement, dated December 4, 3013, by and among each Grantor, Startex Distribution West, LLC and the Collateral Agent,  the “Security Agreement”), each Grantor pledged and granted to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under certain collateral including the trademarks and trademark registrations set forth on Schedule I (collectively, the “Trademarks”) and the goodwill and Proceeds associated with the Trademarks;
WHEREAS, the Trademark Security Agreement relating to the Trademarks was recorded with the Trademark Division of the U.S. Patent & Trademark Office on December 10, 2013, at Reel 5170 and Frame 0115; 
WHEREAS, each Grantor desires to transfer certain of its assets subject to the liens of the Security Agreement to the Borrower, including the Trademarks, and has requested that the Collateral Agent release its interest in the Trademarks;
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Collateral Agent hereby terminates, cancels, re-pledges, reassigns and releases any and all security interests it has against the Trademarks and goodwill and Proceeds associated with the Trademarks without representation, warranty or recourse of any kind whatsoever.
Other than the foregoing release of the Trademarks, made by the Collateral Agent on behalf of itself and the other Secured Parties for the benefit of each Grantor on or around the date hereof, the Collateral Agent hereby confirms its lien on and security interest in all right, title and interest in and to all other Collateral pledged to it under the Security Agreement, and retains all security interests, liens, rights, titles and interests pledged and granted to the Collateral Agent under the Security Agreement with respect to all such other Collateral.  The Collateral Agent’s security interest, liens, rights, titles and interests in such other Collateral shall not, and shall not be deemed to, be impaired, interrupted or otherwise modified in any respect by this Release. 
Capitalized terms used but not defined herein shall have the meaning set forth in the Security Agreement. 

46386560_2

IN WITNESS WHEREOF, the Collateral Agent has caused this Release to be executed by its duly authorized representative as of the Effective Date:

BANK OF AMERICA, N.A. 
as Collateral Agent
By: /s/ Aamir Saleem 
Name: Aamir Saleem
Title: Vice President

SCHEDULE I 
to 
PARTIAL RELEASE OF TRADEMARK SECURITY AGREEMENT 

Trademark Registrations:
	
			
	Trademark
	Current Owner
	Federal Registration No.

	STARTEX QUALITY PRODUCTS with design
	Startex Chemical, LLC
	1,614,531

	STARTEX
	Startex Chemical, LLC
	1,614,5323.31.15 EX 44

Execution Version

TRADEMARK SECURITY AGREEMENT

Trademark Security Agreement, dated as of January 30, 2015, by NEXEO SOLUTIONS, LLC, a Delaware limited liability company (“Grantor”), in favor of BANK OF AMERICA, N.A., in its capacity as administrative and collateral agent pursuant to the Security Agreement referred to below (in such capacities, the “Agent”).

WITNESSETH

WHEREAS, Grantor is party to that certain Pledge and Security Agreement, dated as of March 31, 2011, among Grantor, certain Domestic Subsidiaries of Grantor from time to time party thereto, Nexeo Solutions Holdings, LLC, Nexeo Solutions Sub Holding Corp., and the Agent (as it may be from time to time amended, restated, modified or supplemented, the “Security Agreement”), in favor of the Agent pursuant to which Grantor is required to execute and deliver this Trademark Security Agreement;

NOW, THEREFORE, in consideration of the premises and to induce the Agent, for the benefit of the Secured Parties, to extend credit under the Credit Agreement (as defined in the Security Agreement), Grantor hereby agrees with the Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement. 

SECTION 2. Grant of Security Interest in Trademark Collateral. Grantor hereby pledges and grants to the Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following pledged Collateral of Grantor:

(a) Trademarks of Grantor listed on Schedule I attached hereto;

(b) all goodwill associated with such Trademarks; and

(c) all Proceeds of any and all of the foregoing.

SECTION 3. Security Agreement. The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Agent pursuant to the Security Agreement and Grantor hereby acknowledges and affirms that the rights and remedies of the Agent with respect to the security interest in the Trademarks made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.

SECTION 4. Termination. Upon the termination of the Security Agreement in accordance with its terms, the Agent shall execute, acknowledge, and deliver to Grantor an instrument in writing in recordable form releasing the collateral pledge, grant, assignment, lien and security interest in the Trademarks under this Trademark Security Agreement.

SECTION 5. Counterparts. This Trademark Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Trademark Security Agreement by signing and delivering one or more counterparts. Delivery of an executed counterpart of a signature page of this Trademark Security Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Trademark Security Agreement.

[Signature page follows]

IN WITNESS WHEREOF, Grantor has caused this Trademark Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above.

NEXEO SOLUTIONS, LLC

By:    /s/ Ross Crane
Name:    Ross Crane
		
	Title:
	Executive Vice President & Chief Financial Officer

Accepted and Agreed:

BANK OF AMERICA, N.A., as Agent
By:    /s/ Robert Q. Mahoney
Name:    Robert Q. Mahoney
Title:    Vice President

Schedule 1 to Trademark Security Agreement

	
			
	Trademark
	Owner
	Federal Registration No.

	STARTEX QUALITY PRODUCTS with design
	Nexeo Solutions, LLC
	1,614,531

	STARTEX
	Nexeo Solutions, LLC
	1,614,5323.31.15 EX 45

Execution Version

TRADEMARK SECURITY AGREEMENT

Trademark Security Agreement, dated as of January 30, 2015, by NEXEO SOLUTIONS, LLC, a Delaware limited liability company (“Grantor”), in favor of BANK OF AMERICA, N.A., in its capacity as collateral agent pursuant to the Security Agreement referred to below (in such capacity, the “Collateral Agent”).

WITNESSETH

WHEREAS, Grantor is party to that certain Pledge and Security Agreement, dated as of March 31, 2011, among Grantor, Nexeo Solutions Holdings, LLC, Nexeo Solutions Sub Holding Corp., certain subsidiaries of the Grantor party thereto from time to time, the Lenders party thereto from time to time and the Collateral Agent (as it may be from time to time amended, restated, modified or supplemented, the “Security Agreement”), in favor of the Collateral Agent pursuant to which Grantor is required to execute and deliver this Trademark Security Agreement;

NOW, THEREFORE, in consideration of the premises and to induce the Collateral Agent, for the benefit of the Secured Parties, to extend credit under the Credit Agreement (as defined in the Security Agreement), Grantor hereby agrees with the Collateral Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement. 

SECTION 2. Grant of Security Interest in Trademark Collateral. Grantor hereby pledges and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following pledged Collateral of Grantor:

(a) Trademarks of Grantor listed on Schedule I attached hereto;

(b) all goodwill associated with such Trademarks; and

(c) all Proceeds of any and all of the foregoing.

SECTION 3. Security Agreement. The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademarks made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.

SECTION 4. Termination. Upon the termination of the Security Agreement in accordance with its terms, the Collateral Agent shall execute, acknowledge, and deliver to Grantor an instrument in writing in recordable form releasing the collateral pledge, grant, assignment, lien and security interest in the Trademarks under this Trademark Security Agreement.

SECTION 5. Counterparts. This Trademark Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Trademark Security Agreement by signing and delivering one or more counterparts. Delivery of an executed counterpart of a signature page of this Trademark Security Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Trademark Security Agreement.

[Signature page follows]

IN WITNESS WHEREOF, Grantor has caused this Trademark Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above.

NEXEO SOLUTIONS, LLC

By:    /s/ Ross Crane  
Name:    Ross Crane
		
	Title:
	Executive Vice President & Chief Financial Officer

Accepted and Agreed:

BANK OF AMERICA, N.A., as Collateral Agent
By:    /s/ Aamir Saleem 
Name:    Aamir Saleem
Title:    Vice President

Schedule 1 to Trademark Security Agreement

	
			
	Trademark
	Owner
	Federal Registration No.

	STARTEX QUALITY PRODUCTS with design
	Nexeo Solutions, LLC
	1,614,531

	STARTEX
	Nexeo Solutions, LLC
	1,614,532

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