Security Agreement

Recorded: 2003-08-06 Received: 2003-08-07 Pages: 17

Assignor

PACIFIC HANDY CUTTER, INC.

Executed: 2003-07-31

Assignee

UNION BANK OF CALIFORNIA, N.A.

18300 VON KARMAN AVENUE, SUITE 310, IRVINE, CA, 92612, UNITED STATES

Covered Properties (5)

Safety Blade

Application: 29/172,152 →

Blade Dispenser Assembly

Application: 10/005,791 →

Blade Dispenser Assembly

Application: 29/151,365 →

Translucent @ Letter Opener

Application: 29/137,045 →

Letter Opener

Application: 29/137,046 →