LOAN MODIFICATION AGREEMENT
This Loan Modification Agreement ("Agreement") is made as of March 30, 2001 by Trex Company, LLC, a
Delaware Limited Liability Company ("Borrower), and Bank of America, N.A. ("Bank").
A. Under a Standing Loan Agreement dated as of September 28, 1999 between Bank and Borrower (the "Loan
Agreement"), Bank made a loan to Borrower in the amount of Six Million Seven Hundred Twenty-Eight
Thousand Dollars ($6,728,000) (the "Loan"). Capitalized terms used herein without definition have the meanings
given to them in the Loan Agreement.
B. The Loan is secured by a Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture
Filing, dated September 28, 1999, executed by Borrower as trustor for the benefit of Bank as beneficiary (the
"Deed of Trust"). The Deed of Trust encumbers certain real property located in Lyon County, Nevada, as more
particularly described therein (the "Property").
C. Trex Company, Inc., a Delaware corporation ("Guarantor") has guarantied Borrower's obligations to Bank, in
accordance with a Payment Guaranty (the "Guaranty") dated as of September 28, 1999.
D. The Loan is evidenced in part by a Promissory Note Secured by Deed of Trust dated September 28, 1999 in
the amount of Six Million Seven Hundred Twenty-Eight Thousand Dollars ($6,728,000) (the "Note").
E. As used here, the terms "Loan Documents" means the Loan Agreement, the Deed of Trust, this Agreement,
the Note and any other documents executed in connection with the Loan, including which evidence, guaranty,
secure or modify the Loan, as any or all of them may have been amended to date. This Agreement is a Loan
G. Borrower and Bank now wish the Loan as set forth below.
Therefore, Borrower and Bank agree as follows:
1. Recitals. The recitals set forth above in the Factual Background are true, accurate and correct.
2. Reaffirmation of Loan. Borrower reaffirms all of its obligations under the Loan Documents, and Borro