Adjustable cutoff

MORGAN STANLEY & CO. INCORPORATED

from ACM BLOCK & BRICK GENERAL, INC., ACM BLOCK & BRICK PARTNER, LLC, ACM BLOCK & BRICK, LLC, ACM BLOCK & BRICK, LP, ACM FLEXCRETE, LP, ACM GEORGIA, INC., AMERICAN CONSTRUCTION MATERIALS, INC., ATLANTIC SHUTTER SYSTEMS, INC., BEST MASONRY & TOOL SUPPLY, INC., BUILDERS EDGE, INC., CHIHUAHUA STONE LLC, COMACO, INC., COVOL ENGINEERED FUELS, LC, COVOL SERVICES CORPORATION, DON'S BUILDING SUPPLY, L.P., EAGLE STONE & BRICK LLC, ELDORADO ACQUISITION, LLC, ELDORADO FUNDING CO., ELDORADO G-ACQUISITION CO., ELDORADO SC-ACQUISITION CO., ELDORADO STONE ACQUISITION CO., LLC, ELDORADO STONE CORPORATION, ELDORADO STONE FUNDING CO., LLC, ELDORADO STONE LLC, ELDORADO STONE OPERATIONS, LLC, GLOBAL CLIMATE RESERVE CORPORATION, HEADWATERS CLEAN COAL CORP., HEADWATERS HEAVY OIL, INC., HEADWATERS INCORPORATED, HEADWATERS NANOKINETIX, INC., HEADWATERS OLYSUB CORPORATION, HEADWATERS TECHNOLOGY INNOVATION GROUP, INC., HTI CHEMICAL SUBSIDIARY, INC., HYDROCARBON TECHNOLOGIES, INC., ISG MANUFACTURED PRODUCTS, INC., ISG PARTNER, INC., ISG RESOURCES, INC., ISG SERVICES CORPORATION, ISG SWIFT CRETE, INC., L&S STONE LLC, L-B STONE LLC, LEWIS W. OSBORNE, INC., MAGNA WALL, INC., METAMORA PRODUCTS CORPORATION, METAMORA PRODUCTS CORPORATION OF ELKLAND, MTP, INC., NORTHWEST PROPERTIES LLC, NORTHWEST STONE & BRICK CO., INC., NORTHWEST STONE & BRICK LLC, PALESTINE CONCRETE TILE COMPANY, L.P., STONECRAFT INDUSTRIES LLC, TAPCO HOLDINGS, INC., TAPCO INTERNATIONAL CORPORATION, TEMPE STONE LLC, UNITED TERRAZZO SUPPLY CO., INC., VANTAGE BUILDING PRODUCTS CORPORATION, VFL TECHNOLOGY CORPORATION, WAMCO CORPORATION

SECOND LIEN IP SECURITY AGREEMENT Recorded 2004-10-28

MORGAN STANLEY & CO. INCORPORATED

from ACM BLOCK & BRICK GENERAL, INC., ACM BLOCK & BRICK PARTNER, LLC,, ACM BLOCK & BRICK, LLC,, ACM BLOCK & BRICK, LP,, ACM FLEXCRETE, LP,, ACM GEORGIA, INC.,, AMERICAN CONSTRUCTION MATERIALS, INC.,, ATLANTIC SHUTTER SYSTEMS, INC.,, BEST MASONRY & TOOL SUPPLY, INC.,, BUILDERS EDGE, INC.,, CHIHUAHUA STONE LLC,, COMACO, INC.,, COVOL ENGINEERED FUELS, LC,, COVOL SERVICES CORPORATION,, DON'S BUILDING SUPPLY, L.P.,, EAGLE STONE & BRICK LLC,, ELDORADO ACQUISITION, LLC,, ELDORADO FUNDING CO., ELDORADO G-ACQUISITION CO.,, ELDORADO SC-ACQUISITION CO.,, ELDORADO STONE ACQUISITION CO., LLC,, ELDORADO STONE CORPORATION,, ELDORADO STONE FUNDING CO., LLC,, ELDORADO STONE LLC,, ELDORADO STONE OPERATIONS LLC,, GLOBAL CLIMATE RESERVE CORPORATION,, HEADWATERS CLEAN COAL CORP.,, HEADWATERS HEAVY OIL, INC.,, HEADWATERS INCORPORATED, HEADWATERS NANOKINETIX, INC.,, HEADWATERS OLYSUB CORPORATION,, HEADWATERS TECHNOLOGY INNOVATION GROUP, INC.,, HTI CHEMICAL SUBSIDIARY, INC., HYDROCARBON TECHNOLOGIES, INC.,, ISG MANUFACTURED PRODUCTS, INC.,, ISG PARTNER, INC.,, ISG RESOURCES, INC.,, ISG SERVICES CORPORATION,, ISG SWIFT CRETE, INC.,, L&S STONE LLC,, L-B STONE LLC,, LEWIS W. OSBORNE, INC.,, MAGNA WALL, INC.,, METAMORA PRODUCTS CORPORATION OF ELKLAND,, METAMORA PRODUCTS CORPORATION,, MTP, INC.,, NORTHWEST PROPERTIES LLC,, NORTHWEST STONE & BRICK CO., INC.,, NORTHWEST STONE & BRICK LLC,, PALESTINE CONCRETE TILE COMPANY, L.P.,, STONECRAFT INDUSTRIES LLC,, TAPCO HOLDINGS, INC.,, TAPCO INTERNATIONAL CORPORATION,, TEMPE STONE LLC,, UNITED TERRAZZO SUPPLY CO., INC.,, VANTAGE BUILDING PRODUCTS CORPORATION,, VFL TECHNOLOGY CORPORATION,, WAMCO CORPORATION,

SECURITY AGREEMENT Recorded 2004-10-25

TAPCO INTERNATIONAL CORPORATION

from CLARK, MICHAEL C.

ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded 2004-03-05