Attached files

file filename
8-K - FORM 8-K - TREX CO INCd101560d8k.htm
EX-4.7 - EX-4.7 - TREX CO INCd101560dex47.htm
EX-4.5 - EX-4.5 - TREX CO INCd101560dex45.htm
EX-4.8 - EX-4.8 - TREX CO INCd101560dex48.htm
EX-4.4 - EX-4.4 - TREX CO INCd101560dex44.htm
EX-4.1 - EX-4.1 - TREX CO INCd101560dex41.htm
EX-4.3 - EX-4.3 - TREX CO INCd101560dex43.htm
EX-4.6 - EX-4.6 - TREX CO INCd101560dex46.htm
EX-4.2 - EX-4.2 - TREX CO INCd101560dex42.htm

Exhibit 4.9

INTELLECTUAL PROPERTY SECURITY INTEREST ASSIGNMENT AGREEMENT

THIS INTELLECTUAL PROPERTY SECURITY INTEREST ASSIGNMENT AGREEMENT (this “Agreement”) dated as of January 12, 2016 is by and among TREX COMPANY, INC., a Delaware corporation (the “Borrower”), BRANCH BANKING AND TRUST COMPANY, in its capacity as resigning Administrative Agent (in such capacity, the “Resigning Administrative Agent”), and BANK OF AMERICA, N.A., in its capacity as successor Administrative Agent (in such capacity, the “Successor Administrative Agent”).

RECITALS:

1. Reference is made to the Second Amended and Restated Credit Agreement (as amended, modified and supplemented from time to time, the “Credit Agreement”) dated as of November 20, 2014 among Trex Company, Inc., a Delaware corporation (the “Borrower”), the Lenders identified therein and Branch Banking and Trust Company, as Administrative Agent.

2. In connection with the resignation of Branch Banking and Trust Company as Administrative Agent and the appointment of Bank of America, N.A. as successor Administrative Agent under the First Amendment dated as even date herewith, and pursuant to the Assignment Agreement dated as of even date herewith, the Resigning Administrative Agent assigned all of its right, title and interest in and to the Collateral Documents to the Successor Administrative Agent.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Defined Terms. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

2. Assignment. The Resigning Administrative Agent transfers, assigns, grants and conveys to the Successor Administrative Agent all of the Resigning Administrative Agent’s right, title and interest in and to the Collateral Documents, including, without limitation, all liens and security interests arising under the Collateral Documents and all financing statements and other filings and registrations relating to the Collateral Documents, including the Existing IP Security Agreements, including, but not limited to, the IP Security Agreement (Patents) recorded on January 12, 2012 at Reel 027637 Frame 0805, IP Security Agreement (Patents) recorded on January 12, 2012 at Reel 027630 Frame 0790, the IP Security Agreement (Patents) recorded on November 6, 2009 at Reel 023620 Frame 0786, the IP Security Agreement recorded on November 21, 2014 at Reel 5405 Frame 0628, the IP Security Agreement (Trademarks) recorded on January 12, 2012 at Reel 4708 Frame 0425, and the IP Security Agreement (Trademarks) recorded on November 6, 2009 at Reel 4094 Frame 0207, and the security interest in, lien on and right of set-off against the patents, patent applications, trademarks, trademark applications, and copyrights (collectively, the “Intellectual Property”) scheduled on the Existing IP Security Agreements, including the Intellectual Property identified on Schedule 1 hereto.

3. Successors and Assigns. This Agreement is binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.

4. No Novation. The parties hereto agree that this Agreement shall constitute an amendment to the Collateral Documents and shall not constitute a novation in any manner whatsoever. Upon assignment, the Successor Administrative Agent shall replace the Resigning Administrative Agent as Administrative Agent under the Collateral Documents and thereafter the Successor Administrative Agent shall hold all liens identified in the Collateral Documents.


5. Expenses. The Borrower agree to reimburse the Resigning Administrative Agent and the Successor Administrative Agent for all reasonable out-of-pocket expenses (including reasonable fees and expenses of counsel) incurred in connection with this Agreement.

6. Counterparts; Facsimile Delivery. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart. Delivery of an executed counterpart of this Agreement by facsimile or electronic mail shall be effective as an original.

7. Governing Law. This Agreement shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the Commonwealth of Virginia.

[SIGNATURE PAGES FOLLOW]


IN WITNESS WHEREOF, the following have executed this Agreement on the date first above written.

BRANCH BANKING AND TRUST COMPANY, as Resigning Administrative Agent

 

By:   /s/ William B. Keene
Name:   William B. Keene
Title:   Vice President
BANK OF AMERICA, N.A., as Successor Administrative Agent
By:   /s/ Kelly Weaver
Name:   Kelly Weaver
Title:   Vice President
TREX COMPANY, INC., a Delaware corporation
By:   /s/ Bryan H. Fairbanks
Name:   Bryan H. Fairbanks
Title:  

Vice President and

Chief Financial Officer


Schedule 1

INTELLECTUAL PROPERTY

Security Interest Recorded January 12, 2012 at Reel 027637 Frame 0805

Pending Application

 

Title

   Appl. No.    Filing Date

MULTIZONE WOOD POLYMER COMPOSITE ARTICLE

   12509176

20100021753

   07/24/09

Security Interest Recorded January 12, 2012 at Reel 027630 Frame 0790

Pending Application

 

Title

   Appl. No.    Filing Date

MULTIZONE WOOD POLYMER COMPOSITE ARTICLE

   12509176

20100021753

   07/24/09

Security Interest Recorded November 6, 2009 at Reel 023620 Frame 0786

Issued Patents

 

Title

   Patent No.    Issue Date

VARIEGATED COMPOSITES AND RELATED METHODS OF MANUFACTURE

   7410687    08/12/08

APPARATUS FOR MAKING A WOOD-PLASTIC PROFILE

   6527532    03/04/03

PROCESS FOR MAKING A WOOD-THERMOPLASTIC COMPOSITE

   5851469    12/22/98

Security Interest Recorded November 21, 2014 at Reel 5405 Frame 0628

Registered Marks

 

Mark

   Reg. No.    Reg. Date

TREX

   4757460    06/16/15

TREX

   4671390    01/13/15

LIGHTHUB

   4557709    06/24/14

REVEAL

   4389534    08/20/13


Security Interest Recorded January 12, 2012 at Reel 4708 Frame 0425

Registered Marks

 

Mark

   Reg. No.    Reg. Date

TREX SELECT

   4269524    01/01/13

ENHANCE

   4172922    07/10/12

TREX ELEVATIONS

   4187705    08/07/12

TREX TRANSCEND

   4107731    03/06/12

DECKWORKS

   3982773    06/21/11

CUSTOMCURVE

   4050305    11/01/11

TREX

   4004005    07/26/11

TREX

   4077639    12/27/11

TREX

   3862086    10/12/10

IRON DECK

   3927184    03/08/11

TRANSCEND

   3773349    04/06/10

Security Interest Recorded November 6, 2009 at Reel 4094 Frame 0207

Registered Marks

 

Mark

   Reg. No.    Reg. Date

TRANSCEND

   3773349    04/06/10

SMOOTHEDGE

   3656162    07/14/09

TREX PROFILES

   3687228    09/22/09

SURROUNDINGS

   3648615    06/30/09

TREX HIDEAWAY

   3528844    11/04/08

TREX ESCAPES

   3442097    06/03/08

SECLUSIONS

   3191743    01/02/07

DECKSCAPES

   3063223    02/28/06

BRASILIA

   3050069    01/24/06

TREX DESIGNER SERIES RAILING

   3218419    03/13/07

TREX

   2937507    04/05/05

TREX EXPRESS INSTALLATION SYSTEM and Design

   3052208    01/31/06

TREX ACCENTS

   2945585    05/03/05

TREXPRO

   2907741    12/07/04

EASY CARE DECKING

   2259151    07/06/99

TREX

   1938516    11/28/95

TREX

   1881449    02/28/95


NOTICE

OF

GRANT OF SECURITY INTEREST

IN

COPYRIGHTS

United States Copyright Office

Ladies and Gentlemen:

Please be advised that pursuant to the Third Amended and Restated Security and Pledge Agreement dated as of January 12, 2016 (as the same may be amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors party thereto (each an “Obligor” and collectively, the “Obligors”) and Bank of America, N.A., as administrative agent (the “Administrative Agent”) for the holders of the Obligations referenced therein, the undersigned Obligor has granted a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the copyrights and copyright applications set forth on Schedule 1 hereto to the Administrative Agent for the ratable benefit of the holders of the Obligations.

The undersigned Obligor and the Administrative Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application.


Very truly yours,
TREX COMPANY, INC., a Delaware corporation
By:   /s/ Bryan H. Fairbanks
Name:   Bryan H. Fairbanks
Title:  

Vice President and

Chief Financial Officer

 

Acknowledged and Accepted:
BANK OF AMERICA, N.A., as Administrative Agent
By:   /s/ Kelly Weaver
Name:   Kelly Weaver
Title:   Vice President


Schedule 1

Trex Company, Inc.

(Delaware Corporation)

U.S. Copyright

Registered Copyright

 

Title

   Reg. No.    Reg. Date

2003 Trex product & installation guide.

   TX0005873765    10/27/03


NOTICE

OF

GRANT OF SECURITY INTEREST

IN

TRADEMARKS

United States Patent and Trademark Office

Ladies and Gentlemen:

Please be advised that pursuant to the Third Amended and Restated Security and Pledge Agreement dated as of January 12, 2016 (as the same may be amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors party thereto (each an “Obligor” and collectively, the “Obligors”) and Bank of America, N.A., as Administrative Agent (the “Administrative Agent”) for the holders of the Obligations referenced therein, the undersigned Obligor has granted a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the trademarks and trademark applications set forth on Schedule 1 hereto to the Administrative Agent for the ratable benefit of the holders of the Obligations.

The undersigned Obligor and the Administrative Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest in the foregoing trademarks and trademark applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any trademark or trademark application.


Very truly yours,
TREX COMPANY, INC., a Delaware corporation
By:   /s/ Bryan H. Fairbanks
Name:   Bryan H. Fairbanks
Title:  

Vice President and

Chief Financial Officer

 

Acknowledged and Accepted:
BANK OF AMERICA, N.A., as Administrative Agent
By:   /s/ Kelly Weaver
Name:   Kelly Weaver
Title:   Vice President


Schedule 1

Trex Company, Inc.

(Delaware Corporation)

U.S. Trademarks

Pending Applications

 

Mark

   Appl. No.    Filing Date

TREX SIGNATURE

   86790173    10/16/15

ENGINEERING WHAT’S NEXT IN OUTDOOR LIVING

   86511370    01/22/15