In reliance upon the representations and warranties of Borrowers set forth in Section 5 hereof and subject to the satisfaction of the conditions to effectiveness set forth in Section 6 hereof, Agent and each Lender acknowledges, confirms and agrees that (a) each of Hanna and CM Brazil is hereby released from all Obligations under the Security Agreement and each other Loan Document to which it is a party, (b) each of Hanna and CM Brazil shall no longer be, or be deemed to be, a "Guarantor", "Grantor", "Loan Party" or obligor of any nature under or pursuant to the Security Agreement or any other Loan Document, (c) Agent's Liens on any asset of each of Hanna and CM Brazil are hereby released and (d) the pledge of the Equity Interests of each of Hanna and CM Brazil by their respective parent are hereby released except for the pledge of sixty-five percent (65%) of the total outstanding voting Equity Interests thereof. The foregoing release is a limited release and shall not be deemed to constitute a release with respect to any other Guarantor, Grantor, Loan Party or obligor in respect of the Obligations. Upon the effectiveness of this Amendment, (i) Agent agrees to promptly deliver to Administrative Borrower, at Borrowers' expense, (A) such UCC-3 termination statements, terminations, releases, or other documents necessary or reasonably required to effect the foregoing release, (B) the certificates and other instruments representing the Equity Interests of Hanna, CM Brazil, PolyOne (Thailand) Co., Ltd. (f/k/a Star Color Co. Ltd.), ColorMatrix Argentina S.A., ColorMatrix Mexico S.A. de C.V., ColorMatrix South America, Ltd. and ColorMatrix do Sul pledged to Agent pursuant to the Security Agreement and released pursuant to this Amendment, and (C) such additional certificates or other instruments representing the assets owned by Hanna and CM Brazil, as applicable, as may be necessary or reasonably required to release Agent's Lien on such assets, and (ii) Agent authorizes Borrowers to file the UCC-3 termination statements, terminations, releases and other documents delivered by Agent pursuant to the foregoing subpart(i)(A).