TRADEMARK COLLATERAL AGREEMENT This 24th day of February, 1998, Eagle-Picher Industries, Inc., an Ohio corporation ("Assignor") with its principal place of business and mailing address at 250 East Fifth Street, Cincinnati, Ohio 45202, in consideration of ten dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, assigns, mortgages and pledges to ABN AMRO Bank N.V., a bank organized under the laws of The Netherlands, acting as agent for the Secured Creditors under that certain Security Agreement referred to below, with its mailing address at 1325 Avenue of the Americas, New York, New York 10019, and its successors and assigns ("Assignee"), and grants to Assignee a continuing security interest in, the following property: (i) Each trademark, trademark registration and trademark application listed on Schedule A-1 hereto, and all of the goodwill of the business connected with the use of, and symbolized by, each such trademark, trademark registration and trademark application; and (ii) Each trademark license listed on Schedule A-2 hereto and all royalties and other sums due or to become due under or in respect of each such trademark license, together with the right to sue for and collect all such royalties and other sums; and (iii) All proceeds of the foregoing, including without limitation any claim by Assignor against third parties for damages by reason of past, present or future infringement of any trademark or trademark registration listed on Schedule A-1 hereto or of any trademark licensed under a trademark license listed on Schedule A-2 or by reason of injury to the goodwill associated with any such trademark, trademark registration or trademark license, in each case together with the right to sue for and collect said damages; in each case, to secure performance of all Obligations of Assignor as set out in that certain Security Agreement bearing even date herewith by and between Assignor and Assignee (the "Agreement"). Assignor does hereby further acknowledge and affirm that the rights and remedies of Assignee with respect to the assignment, mortgage, pledge and security interest in the trademarks, trademark registrations, trademark applications and trademark licenses made and granted hereby are more fully set forth in the Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. All terms defined in the Agreement, whether by reference or otherwise, when used herein, shall have their respective meanings set forth therein, unless the context requires otherwise. IN WITNESS WHEREOF, Assignor has caused this Agreement to be duly executed as of the date and year last above written. EAGLE-PICHER INDUSTRIES, INC. (CORPORATE SEAL) By /s/ Andries Ruijssenaars ------------------------- Its President --------------------- ATTEST: Andries Ruijssenaars ------------------------- (Type or Print Name) /s/ James A. Ralston - ------------------------------- Its Secretary ABN AMRO BANK N.V., as agent James A. Ralston - ------------------------------- (Type or Print Name) By /s/ Gregory D. Amoroso / /s/ Paul Widuch --------------------------------------- Its Group Vice President GVP ----------------------------------- (Type or Print Name) Gregory D. Amoroso Paul Widuch --------------------------------------- (Type or Print Name) -2- STATE OF NEW YORK ) ) SS COUNTY OF NEW YORK) I, Catherine Jones, a Notary Public in and for said County, in the State aforesaid, do hereby certify that Gregory D. Amoroso, Group Vice President of ABN AMRO Bank N.V., a bank organized under the laws of The Netherlands, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such Group Vice President, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act and as the free and voluntary act and deed of said corporation for the uses and purposes therein set forth. Given under my hand and notarial seal, this 24 day of February, 1998. /s/ Catherine Jones ---------------------------- (NOTARIAL SEAL) Notary Public Catherine Jones ---------------------------- My Commission Expires: (Type or Print Name) 11/17/99 - --------------------------------- STATE OF NEW YORK ) ) SS COUNTY OF NEW YORK) I, Catherine Jones, a Notary Public in and for said County, in the State aforesaid, do hereby certify that Paul Widuch, Group Vice President of ABN AMRO Bank N.V., a bank organized under the laws of The Netherlands, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such Group Vice President, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act and as the free and voluntary act and deed of said corporation for the uses and purposes therein set forth. Given under my hand and notarial seal, this 24 day of February, 1998. /s/ Catherine Jones ---------------------------- (NOTARIAL SEAL) Notary Public Catherine Jones ---------------------------- My Commission Expires: (Type or Print Name) 11/17/99 - --------------------------------- STATE OF NEW YORK ) ) SS COUNTY OF NEW YORK) I, Catherine Jones a Notary Public in and for said County, in the State aforesaid, do hereby certify that Andries Ruijssenaars, President of Eagle-Picher Industries, Inc., an Ohio corporation, and James A. Ralston, _____________________ Secretary of said corporation, who are personally known to me to be the same persons whose names are subscribed to the foregoing instrument as such President and ________________ Secretary, respectively, appeared before me this day in person and acknowledged that they signed and delivered the said instrument as their own free and voluntary act and as the free and voluntary act and deed of said corporation for the uses and purposes therein set forth; and the said ___________________ Secretary then and there acknowledged that he, as custodian of the corporate seal of said corporation, did affix the corporate seal of said corporation to said instrument as his own free and voluntary act and as the free and voluntary act of said corporation, for the uses and purposes therein set forth. Given under my hand and notarial seal, this 24th day of February, 1998. /s/ Catherine Jones ---------------------------- (NOTARIAL SEAL) Notary Public Catherine Jones ---------------------------- My Commission Expires: (Type or Print Name) 11/17/99 - --------------------------------- SCHEDULE A-1 TO TRADEMARK COLLATERAL AGREEMENT REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS FEDERAL TRADEMARK REGISTRATIONS - ------------------------------------------------------------------------------ MARKS REG. NO. GRANTED - ----------------------------------------- ------------------------------------ SUPERSUBLIMED 198,268 5/12/25 - ------------------------------------------------------------------------------ ORCOTITE 395,057 5/12/42 - ------------------------------------------------------------------------------ VULKOL 397,529 9/8/42 - ------------------------------------------------------------------------------ LO-TORK 539,936 5/27/51 - ------------------------------------------------------------------------------ ORTEX 793,038 7/20/65 - ------------------------------------------------------------------------------ DIALOAM 794,297 8/17/65 - ------------------------------------------------------------------------------ ALUM-N 800,364 12/14/65 - ------------------------------------------------------------------------------ NEO-CORK 806,370 3/29/66 - ------------------------------------------------------------------------------ PRE-CO-FLOC 816,429 10/11/66 - ------------------------------------------------------------------------------ STEEL-N 819,099 11/22/66 - ------------------------------------------------------------------------------ EPISTATIC 896,288 8/11/70 - ------------------------------------------------------------------------------ LO-TORK 922,818 10/26/71 - ------------------------------------------------------------------------------ ROSS ALUMINUM FOUNDRIES AND DESIGN 952,424 1/30/73 - ------------------------------------------------------------------------------ CAREFREE 953,058 2/13/73 - ------------------------------------------------------------------------------ POWER TUBE 1,106,578 11/21/78 - ------------------------------------------------------------------------------ CAREFREE MAGNUM 1,124,671 9/4/79 - ------------------------------------------------------------------------------ MAGNUM 1,157,119 6/9/81 - ------------------------------------------------------------------------------ KEEPER AND DESIGN 1,179,937 12/1/81 - ------------------------------------------------------------------------------ DIALOSE 1,214,549 11/2/82 - ------------------------------------------------------------------------------ ORCOMATIC 1,221,728 12/28/82 - ------------------------------------------------------------------------------ ABSORB-O-SOX 1,471,838 1/12/88 - ------------------------------------------------------------------------------ SOLID-A-SORB 1,473,737 1/26/88 - ------------------------------------------------------------------------------ LAMISEAL 1,559,815 10/10/89 - ------------------------------------------------------------------------------ FOAMET 1,560,900 10/17/89 - ------------------------------------------------------------------------------ CASTEC 1,692,436 6/9/92 - ------------------------------------------------------------------------------ AXIS 1,830,754 4/12/94 - ------------------------------------------------------------------------------ ALL GONE! 1,886,900 4/4/95 - ------------------------------------------------------------------------------ QUALISORB 1,927,733 10/17/95 - ------------------------------------------------------------------------------ CELATOM 1,927,873 10/17/95 - ------------------------------------------------------------------------------ DIASORB 1,967,143 4/9/96 - ------------------------------------------------------------------------------ PLAY BALL! 2,005,259 10/1/96 - ------------------------------------------------------------------------------ HE AND DESIGN 2,059,020 5/6/97 - ------------------------------------------------------------------------------ PENDING FEDERAL TRADEMARK APPLICATIONS MARK SERIAL NO. FILED -- NONE KNOWN -- COMMON LAW MARKS AND TRADE NAMES CINCINNATI INDUSTRIAL MACHINERY EAGLE-PICHER CONSTRUCTION EQUIPMENT EAGLE-PICHER AUTOMOTIVE EAGLE-PICHER FLUID SYSTEMS EAGLE-PICHER INDUSTRIES DAISY PARTS HILLSDALE TOOL HILLSDALE TOOL & MANUFACTURING MARCO MICHIGAN AUTOMOTIVE RESEARCH CORPORATION EAGLE-PICHER MINERALS EAGLE-PICHER MINERALS INTERNATIONAL EAGLE-PICHER MINERALS OF CANADA UNITED MINERALS ROSS ALUMINUM ROSS ALUMINUM FOUNDRIES EAGLE-PICHER RUBBER MOLDING RUBBER MOLDING CHEMSYN SCIENCE LABORATORIES TECHNOLOGIES TRIM WOLVERINE GASKET WOLVERINE GASKET & MANUFACTURING EAGLE-PICHER ESPANA EAGLE-PICHER FAR EAST EAGLE-PICHER INDUSTRIES EUROPE EAGLE-PICHER INDUSTRIES MATERIALS EPTEC EQUIPOS DE ACUNA -2- REGISTERED STATE TRADEMARKS AND TRADEMARK APPLICATIONS -- NONE KNOWN -- REGISTERED FOREIGN TRADEMARKS AND TRADEMARK APPLICATIONS MARK COUNTRY REG. NO. GRANTED - ------------------------------------------------------------------------------------------------------ CELATOM PERU 026,789 6/27/96 - ------------------------------------------------------------------------------------------------------ CELATOM BENELUX 056,508 11/8/71 - ------------------------------------------------------------------------------------------------------ CELATOM ITALY 278,780 1/13/72 - ------------------------------------------------------------------------------------------------------ CELATOM AUSTRALIA 289,728 8/15/75 - ------------------------------------------------------------------------------------------------------ CELATOM CHINA 328,058 4/20/89 - ------------------------------------------------------------------------------------------------------ CELATOM GERMANY 982,888 1/11/72 - ------------------------------------------------------------------------------------------------------ CELATOM ARGENTINA 1,432,116 12/17/70 - ------------------------------------------------------------------------------------------------------ CELATOM FRANCE 1,469,544 9/4/88 - ------------------------------------------------------------------------------------------------------ CELATOM JAPAN 2,283,178 11/30/90 - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER BENELUX 056,507 8/11/71 - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER FRANCE 1,065,778 9/4/78 - ------------------------------------------------------------------------------------------------------ ORCO CANADA 20,592 3/31/43 - ------------------------------------------------------------------------------------------------------ ORCOMATIC and GERMANY 1,030,779 3/12/82 DESIGN - ------------------------------------------------------------------------------------------------------ CAREFREE DENMARK 2382-1976 7/9/76 - ------------------------------------------------------------------------------------------------------ CAREFREE NORWAY 96,925 7/15/76 - ------------------------------------------------------------------------------------------------------ -3- - ------------------------------------------------------------------------------------------------------ CAREFREE VENEZUELA 144,830 6/3/91 - ------------------------------------------------------------------------------------------------------ CAREFREE SWEDEN 155,376 12/17/75 - ------------------------------------------------------------------------------------------------------ CAREFREE PORTUGAL 196,511 7/5/85 - ------------------------------------------------------------------------------------------------------ CAREFREE ITALY 325,560 3/9/81 - ------------------------------------------------------------------------------------------------------ CAREFREE BENELUX 336,648 2/20/76 - ------------------------------------------------------------------------------------------------------ CAREFREE SPAIN 863,400 11/25/77 - ------------------------------------------------------------------------------------------------------ FRANCE CAREFREE F/K/A 941,602 1,332,790 11/28/85 - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER CAREFREE AUSTRIA 87,561 2/22/78 - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER CAREFREE CANADA 229,828 8/18/78 - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER CAREFREE AUSTRALIA 352,662 N/A - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER CAREFREE GERMANY 954,333 3/29/76 - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER GREAT BRITAIN & N. 1,065,502 7/9/76 CAREFREE IRELAND - ------------------------------------------------------------------------------------------------------ EAGLE-PICHER CAREFREE and SWITZERLAND 282,771 3/30/76 DESIGN - ------------------------------------------------------------------------------------------------------ -4- SCHEDULE A-2 TO TRADEMARK COLLATERAL AGREEMENT TRADEMARK LICENSES 1. Use Restriction Agreement of 2/7/95 with SCRAS of Paris, France, limiting the appearance of the DIASORB mark of Eagle-Picher to avoid prior use by SCRAS of white letters in certain fonts on a particular red background for anti-diarrheal agents, and prohibiting certain uses by Eagle-Picher.