Security Agreement

Recorded: 2004-01-08 Received: 2004-02-04 Pages: 9

Assignor

TEKNI-PLEX, INC.

Executed: 2003-11-21

Assignee

HSBC BANK USA

452 FIFTH AVENUE, NEW YORK, NY, 10018, UNITED STATES

Covered Properties (6)

Package for shipping stackable articles

Application: 10/442,404 →

Tray for Shipment of Frozen Items

Application: 29/175,618 →

Packing Tray

Application: 10/331,282 →

Packaging Container

Application: 29/166,488 →

Packaging Container

Application: 10/228,562 →

Packing Tray

Application: 09/790,784 →