Security Agreement

Recorded: 2008-07-23 Received: 2008-07-23 Pages: 8

Assignor

TEMBEC USA LLC

Executed: 2008-04-24

Assignee

CIT BUSINESS CREDIT CANADA INC.

207 QUEEN'S QUAY WEST, SUITE 700, TORONTO, ONC, M5J1A7, CANADA

Covered Property (1)

Polymer Impregnation Process

Application: 10/113,740 →