EX – 10.6

 

PLEDGE AGREEMENT

 

PLEDGE AGREEMENT (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Agreement”) dated as of March 30,
2004, is made by DYNAMIC DETAILS, INCORPORATED, a California corporation
(“Details”), DYNAMIC DETAILS, INCORPORATED, VIRGINIA, a Delaware corporation
(“Virginia”), DYNAMIC DETAILS INCORPORATED, SILICON VALLEY, a Delaware
corporation (“Valley”), LAMINATE TECHNOLOGY CORP., a Delaware corporation
(“Laminate”; Laminate, Details, Virginia and Valley are sometimes collectively
referred to herein as “Borrowers” and individually as a “Borrower”), DDI CORP.,
a Delaware corporation (“DDi”), DDI INTERMEDIATE HOLDINGS CORP., a California
corporation (“Intermediate”), DDI CAPITAL CORP., a California corporation
(“Capital”), DYNAMIC DETAILS INCORPORATED, COLORADO SPRINGS, a Colorado
corporation (“Colorado”), DDI SALES CORP., a Delaware corporation (“Sales”),
DYNAMIC DETAILS TEXAS, LLC, a Delaware limited liability company (“Texas”),
DDI-TEXAS INTERMEDIATE PARTNERS II, L.L.C., a Delaware limited liability company
(“DTIP”), DDI-TEXAS INTERMEDIATE HOLDINGS II, L.L.C., a Delaware limited
liability company (“DTIH”), DYNAMIC DETAILS, L.P., a Delaware limited
partnership (“DDLP”; DDLP, DDi, Intermediate, Capital, Colorado, Sales, Texas,
DTIP and DTIH are sometimes collectively referred to herein as “Guarantors” and
individually as a “Guarantor”) (Borrowers and Guarantors are sometimes
collectively referred to herein as “Pledgors” and individually as a “Pledgor”),
in favor of GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as
agent (in such capacity, “Agent”) for the lenders (“Lenders”) from time to time
party to the Credit Agreement (as defined below).

 

RECITALS

 

A. Pursuant to (1) that certain Credit Agreement of even date herewith by and
among Pledgors, the other Credit Parties party thereto, Agent and Lenders
(including all annexes, exhibits and schedules thereto, as the same may be
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), and (2) that certain Continuing Guaranty of even date
herewith made by Guarantors in favor of Agent, Lenders have agreed to make
certain financial accommodations for the direct or indirect benefit of Pledgors.

 

B. Each Pledgor is the record and beneficial owner of the shares of or interests
in Stock (as defined in the Credit Agreement) listed as owned by it in Part A of
Schedule I hereto and the owner of the promissory notes and other Instruments
(as defined in the Credit Agreement) and the beneficiary of the letters of
credit listed as held by it in Part B of Schedule I hereto.

 

C. Each Pledgor is either a direct or indirect beneficiary of the financial
accommodations made available to Borrowers under the Credit Agreement.

 

D. In order to induce Lenders to extend the financial accommodations as provided
for in the Credit Agreement, each Pledgor has agreed to pledge the Pledged
Collateral (as hereinafter defined) to Agent, for the benefit of Agent and
Lenders, in accordance herewith. These recitals shall be construed as part of
this Agreement.

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AGREEMENT

 

NOW, THEREFORE, in consideration of the premises and the covenants hereinafter
contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Pledgor and Agent agree as
follows:

 

1. Definitions. Unless otherwise defined herein, capitalized terms or matters of
construction defined or established in Annex A to the Credit Agreement shall be
applied herein as defined or established therein, and the following terms shall
have (unless otherwise provided elsewhere in this Agreement) the following
respective meanings (such meanings being equally applicable to both the singular
and plural form of the terms defined):

 

“Pledged Collateral” shall have the meaning assigned to it in Section 2.

 

“Pledged Entity” shall mean an issuer of Pledged Stock or Pledged Indebtedness.

 

“Pledged Indebtedness” shall mean the Indebtedness evidenced by the promissory
notes, other Instruments and letters of credit listed on Part B of Schedule I.

 

“Pledged Stock” shall mean those shares of or interest in Stock listed in Part A
of Schedule I.

 

2. Pledge. Each Pledgor hereby pledges and grants to Agent, for the benefit of
Agent and Lenders, a first priority Lien on all of its right, title and interest
in and to all of the following (collectively, the “Pledged Collateral”):

 

(a) the Pledged Stock owned by it and the certificates, if any, representing
such Pledged Stock, and all dividends, distributions, cash, Instruments and
other property or Proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such Pledged Stock;

 

(b) such portion, as determined by Agent as provided in Section 6(d) below, of
any additional shares of or interests in Stock of a Pledged Entity from time to
time acquired by such Pledgor in any manner (which shares or interests shall be
deemed to be part of the Pledged Stock owned by such Pledgor), and the
certificates, if any, representing such additional shares or interests, and all
dividends, distributions, cash, Instruments and other property or Proceeds from
time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of such Stock;

 

(c) the Pledged Indebtedness held by it and the promissory notes, other
Instruments and letters of credit evidencing such Pledged Indebtedness, and all
interest, cash, Instruments and other property and assets from time to time
received, receivable or otherwise distributed in respect of such Pledged
Indebtedness; and

 

(d) all additional Indebtedness arising after the date hereof and owing to such
Pledgor and evidenced by promissory notes, other Instruments or letters of
credit, together with such promissory notes, Instruments and letters of credit,
and all interest, cash, Instruments and other property and assets from time to
time received, receivable or otherwise distributed in respect of such Pledged
Indebtedness.

 

3. Security for Obligations. This Agreement secures, and the Pledged Collateral
is security for, the prompt payment in full when due, whether at stated
maturity, by acceleration or otherwise, and performance of the Obligations
(specifically including each Borrower’s Obligations arising under the
cross-guaranty provisions of Section 12 of the Credit Agreement and each
Guarantor’s obligations arising under the Guaranties).

 

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4. Delivery of Pledged Collateral. All certificates and all promissory notes,
other Instruments and letters of credit evidencing the Pledged Collateral shall
be delivered to and held by or on behalf of Agent, for the benefit of Agent and
Lenders, pursuant hereto. All Pledged Stock shall be accompanied by duly
executed instruments of transfer or assignment in blank, all in form and
substance satisfactory to Agent and all promissory notes or other Instruments
evidencing the Pledged Indebtedness shall be endorsed by the Pledgor pledging
such Pledged Indebtedness.

 

5. Representations and Warranties. Each Pledgor represents and warrants to Agent
that:

 

(a) (i) Such Pledgor is, and at the time of delivery of the Pledged Stock owned
by it to Agent will be, the sole holder of record and the sole beneficial owner
of such Pledged Collateral pledged by it free and clear of any Lien thereon or
affecting the title thereto, except for (A) any Lien created by this Agreement
or the other Loan Documents and (B) Permitted Encumbrances, and (ii) such
Pledgor is, and at the time of delivery of the Pledged Indebtedness held by it
to Agent will be, the sole owner and holder of such Pledged Collateral free and
clear of any Lien thereon or affecting title thereto, except for (A) any Lien
created by this Agreement or the other Loan Documents and (B) Permitted
Encumbrances.

 

(b) (i) All of the Pledged Stock owned by such Pledgor has been duly authorized,
validly issued and is fully paid and nonassessable and (ii) the Pledged
Indebtedness held by such Pledgor has been duly authorized, authenticated or
issued and delivered by, and constitutes the legal, valid and binding obligation
of, each Pledged Entity issuing same, and no such Pledged Entity is in default
thereunder.

 

(c) Such Pledgor has the right and requisite authority to pledge, assign,
transfer, deliver, deposit and set over the Pledged Collateral pledged by such
Pledgor to Agent as provided herein.

 

(d) None of the Pledged Stock or Pledged Indebtedness owned or held by such
Pledgor has been issued or transferred in violation of the securities
registration, securities disclosure or similar laws of any jurisdiction to which
such issuance or transfer may be subject.

 

(e) Such Pledgor is the sole owner of the Pledged Stock pledged by it hereunder
and such Pledged Stock, if certificated, is presently represented by the
certificates listed in Part A of Schedule I. Except as listed on Schedule III,
as of the date hereof, there are no existing options, warrants, calls or
commitments of any character whatsoever relating to the Pledged Stock pledged by
such Pledgor hereunder.

 

(f) No consent, approval, authorization or other order or other action by, and
no notice to or filing with, any Governmental Authority or any other Person is
required (i) for the pledge by such Pledgor of the Pledged Collateral owned or
held by it pursuant to this Agreement or for the execution, delivery or
performance of this Agreement by such Pledgor, or (ii) for the exercise by Agent
of the voting or other rights provided for in this Agreement or the remedies in
respect of such Pledged Collateral pursuant to this Agreement, except as may be
required in connection with such disposition by laws affecting the offering and
sale of securities generally.

 

(g) The pledge, assignment and delivery of the Pledged Collateral owned or held
by it pursuant to this Agreement will create a valid first priority Lien on and
a first priority perfected security interest in favor of Agent, for the benefit
of Agent and Lenders, upon such Pledged Collateral and the Proceeds thereof,
securing the payment of the Obligations, subject to no other Lien except for (i)
any Lien created by this Agreement or the other Loan Documents and (ii)
Permitted Encumbrances.

 

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(h) This Agreement has been duly authorized, executed and delivered by such
Pledgor and constitutes a legal, valid and binding obligation of such Pledgor
enforceable against such Pledgor in accordance with its terms.

 

(i) The Pledged Stock constitutes 100% of the issued and outstanding shares of
Stock of each Pledged Entity.

 

(j) Except as disclosed in Part B of Schedule I, none of the Pledged
Indebtedness held by such Pledgor is subordinated in right of payment to other
Indebtedness (except for the Obligations) or subject to the terms of an
indenture.

 

The representations and warranties set forth in this Section 5 shall survive the
execution and delivery of this Agreement.

 

6. Covenants. Each Pledgor covenants and agrees that until the Termination Date:

 

(a) Without the prior written consent of Agent, such Pledgor will not sell,
assign, transfer, pledge, or otherwise encumber any of its rights in or to any
Pledged Collateral owned or held by it, or any unpaid dividends, interest or
other distributions or payments with respect to such Pledged Collateral, or
grant a Lien on such Pledged Collateral, except as otherwise expressly permitted
by the Credit Agreement;

 

(b) Such Pledgor will, at its expense, promptly execute, acknowledge and deliver
all such Instruments and deliver letters of credit and take any other action
deemed necessary or desirable by Agent in order to protect and perfect the Lien
in favor of Agent, for the benefit of Agent and Lenders, upon the Pledged
Collateral, including the filing of any necessary Code financing statements,
which may be filed by Agent without the signature of such Pledgor, and will
cooperate with Agent, at such Pledgor’s expense, in obtaining all necessary
approvals and making all necessary filings under federal, state, local or
foreign law in connection with such Liens or any sale or transfer of such
Pledged Collateral;

 

(c) Such Pledgor has and will defend the title to the Pledged Collateral owned
or held by it and the Liens of Agent in such Pledged Collateral against the
claim of any Person and will maintain and preserve such Liens; and

 

(d) Such Pledgor will, upon obtaining ownership of any additional Stock,
promissory notes or other Instruments or letters of credit of a Pledged Entity
or Stock, promissory notes or other Instruments or letters of credit otherwise
required to be pledged to Agent pursuant to any of the Loan Documents that does
not already constitute Pledged Collateral hereunder, promptly (and in any event
within five Business Days after it acquires any such additional Stock, notes or
other Instruments or letters of credit) deliver to Agent a Pledge Amendment,
duly executed by such Pledgor, in substantially the form of Schedule II (each, a
“Pledge Amendment”), in respect of any such additional Stock, notes or other
Instruments or letters of credit, pursuant to which such Pledgor shall deliver
and pledge to Agent all of such additional Stock, notes and other Instruments or
letters of credit. Such Pledgor hereby authorizes Agent to attach each such
Pledge Amendment to this Agreement and agrees that all Pledged Stock and Pledged
Indebtedness listed in any such Pledge Amendment and delivered to Agent
concurrently with Pledgor’s delivery of such Pledge Amendment shall for all
purposes hereunder be considered Pledged Collateral.

 

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7. Pledgor’s Rights. So long as no Default or Event of Default shall have
occurred and be continuing and until written notice shall be given to any
Pledgor in accordance with Section 8(a):

 

(a) Each Pledgor shall have the right, from time to time, to vote and give
consents with respect to the Pledged Collateral pledged by it hereunder or any
part thereof for all purposes not inconsistent with the provisions of this
Agreement, the Credit Agreement or any other Loan Document; provided, that no
vote shall be cast, and no consent shall be given or action taken, that would
have the effect of impairing the position or interest of Agent in respect of the
Pledged Collateral or that would authorize, effect or consent to (unless and to
the extent expressly permitted by the Credit Agreement):

 

(i) the dissolution or liquidation, in whole or in part, of a Pledged Entity;

 

(ii) the consolidation or merger of a Pledged Entity with any other Person;

 

(iii) the sale, disposition or encumbrance of all or substantially all of the
assets of a Pledged Entity, except for Liens in favor of Agent;

 

(iv) any change in the authorized number of shares, the stated capital or the
authorized share capital of, or the interests in, a Pledged Entity or the
issuance of any additional shares of or interests in its Stock; or

 

(v) the alteration of the voting rights with respect to the Stock of a Pledged
Entity.

 

(b) Each Pledgor shall be entitled, from time to time, to collect and receive
for its own use all cash dividends and interest paid in respect of the Pledged
Stock and Pledged Indebtedness pledged by it hereunder to the extent not in
violation of the Credit Agreement, except for any and all: (i) dividends and
interest paid or payable other than in cash in respect of any such Pledged
Collateral, Instruments and other property received, receivable or otherwise
distributed in respect of, or in exchange for, any such Pledged Collateral; (ii)
dividends and other distributions paid or payable in cash in respect of any such
Pledged Stock in connection with a partial or total liquidation or dissolution
or in connection with a reduction of capital, capital surplus or paid-in capital
of a Pledged Entity; and (iii) cash paid, payable or otherwise distributed in
respect of principal of, or in redemption of, or in exchange for, any such
Pledged Collateral; provided, that until actually paid all rights to such
distributions shall remain subject to the Lien in favor of Agent created by this
Agreement and the other Loan Documents.

 

(c) Upon the occurrence and during the continuance of an Event of Default, all
dividends and interest (other than such cash dividends and interest as are
permitted to be paid to each Pledgor in accordance with clause (b) above) and
all other distributions in respect of any of the Pledged Stock or Pledged
Indebtedness, whenever paid or made, shall be delivered to Agent to hold as
Pledged Collateral and shall, if received by such Pledgor, be received in trust
for the benefit of Agent, for the benefit of Agent and Lenders, be segregated
from the other property or funds of such Pledgor, and be forthwith delivered to
Agent as Pledged Collateral in the same form as so received (with any necessary
indorsements).

 

8. Defaults and Remedies; Proxy.

 

(a) Upon the occurrence and during the continuation of any Event of Default, and
concurrently with written notice to any Pledgor, Agent (personally or through an
agent) is

 

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hereby authorized and empowered to transfer and register in its name or in the
name of its nominee the whole or any part of the Pledged Collateral pledged by
such Pledgor hereunder, to exchange certificates or Instruments representing or
evidencing such Pledged Collateral for certificates or Instruments of smaller or
larger denominations, to exercise the voting and all other rights as a holder
with respect thereto, to collect and receive all cash dividends, interest,
principal and other distributions made thereon, to sell in one or more sales
after ten days’ notice of the time and place of any public sale or of the time
at which a private sale is to take place (which notice such Pledgor agrees is
commercially reasonable) the whole or any part of such Pledged Collateral and to
otherwise act with respect to such Pledged Collateral as though Agent were the
outright owner thereof. Any sale shall be made at a public or private sale at
Agent’s place of business, or at any place to be named in the notice of sale,
either for cash or upon credit or for future delivery at such price as Agent may
deem fair, and Agent may be the purchaser of the whole or any part of such
Pledged Collateral so sold and hold the same thereafter in its own right free
from any claim of any Pledgor or any right of redemption. Each sale shall be
made to the highest bidder, but Agent reserves the right to reject any and all
bids at such sale that, in its discretion, it shall deem inadequate. Demands of
performance, except as otherwise herein specifically provided for, notices of
sale, advertisements and the presence of property at sale are hereby waived and
any sale hereunder may be conducted by an auctioneer or any officer or agent of
Agent. EACH PLEDGOR HEREBY REVOKES ALL PREVIOUS PROXIES WITH REGARD TO THE
PLEDGED STOCK AND IRREVOCABLY CONSTITUTES AND APPOINTS AGENT AS THE PROXY AND
ATTORNEY-IN-FACT OF SUCH PLEDGOR WITH RESPECT TO THE PLEDGED COLLATERAL PLEDGED
BY SUCH PLEDGOR HEREUNDER, INCLUDING THE RIGHT TO VOTE THE PLEDGED STOCK OF SUCH
PLEDGOR, WITH FULL POWER OF SUBSTITUTION TO DO SO. THE APPOINTMENT OF AGENT AS
PROXY AND ATTORNEY-IN-FACT IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE
UNTIL THE TERMINATION DATE. IN ADDITION TO THE RIGHT TO VOTE THE PLEDGED STOCK
OF SUCH PLEDGOR, THE APPOINTMENT OF AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL
INCLUDE THE RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES
TO WHICH A HOLDER OF SUCH PLEDGED STOCK WOULD BE ENTITLED (INCLUDING GIVING OR
WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF
SHAREHOLDERS AND VOTING AT SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE,
AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF
SUCH PLEDGED STOCK ON THE RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON
(INCLUDING THE ISSUER OF SUCH PLEDGED STOCK OR ANY OFFICER OR AGENT THEREOF),
UPON THE OCCURRENCE OF AN EVENT OF DEFAULT. NOTWITHSTANDING THE FOREGOING, AGENT
SHALL NOT HAVE ANY DUTY TO EXERCISE ANY SUCH RIGHT OR TO PRESERVE THE SAME AND
SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO.

 

(b) If, at the original time or times appointed for the sale of the whole or any
part of the Pledged Collateral pledged by any Pledgor hereunder, (i) the highest
bid, if there is but one sale, shall be inadequate to discharge in full all the
Obligations, or (ii) such Pledged Collateral is offered for sale in lots, the
highest bid for the lot offered for sale at any of such sales would indicate to
Agent, in its discretion, that the proceeds of the sales of the whole of such
Pledged Collateral would be unlikely to be sufficient to discharge all the
Obligations, then Agent may, on one or more occasions and in its discretion,
postpone any of said sales by public announcement at the time of sale or the
time of previous postponement of sale, and no other

 

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notice of such postponement or postponements of sale need be given, any other
notice being hereby waived; provided, that any sale or sales made after such
postponement shall be after ten days’ notice to such Pledgor.

 

(c) If, following the occurrence and during the continuance of an Event of
Default, Agent in its reasonable credit judgment determines that, in connection
with any actual or contemplated exercise of its rights (when permitted under
this Section 8) to sell the whole or any part of the Pledged Collateral
hereunder, it is necessary or advisable to effect a public registration of all
or part of the Pledged Collateral pursuant to the Securities Act of 1933, as
amended (or any similar statute then in effect) (the “Securities Act”), then
each Pledgor shall, in an expeditious manner, cause the Pledged Entity that
issued Pledged Collateral owned or held by it to:

 

(i) Prepare and file with the Securities and Exchange Commission (the
“Commission”) a registration statement with respect to the Pledged Stock owned
by it and in good faith use commercially reasonable efforts to cause such
registration statement to become and remain effective;

 

(ii) Prepare and file with the Commission such amendments and supplements to
such registration statement and the prospectus used in connection therewith as
may be necessary to keep such registration statement effective and to comply
with the provisions of the Securities Act with respect to the sale or other
disposition of the Pledged Stock covered by such registration statement whenever
Agent shall desire to sell or otherwise dispose of such Pledged Stock;

 

(iii) Furnish to Agent such numbers of copies of a prospectus and a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such
other documents as Agent may request in order to facilitate the public sale or
other disposition by Agent of the Pledged Stock owned by it;

 

(iv) Use commercially reasonable efforts to register or qualify the Pledged
Stock covered by such registration statement under such other securities or blue
sky laws of such jurisdictions within the United States and Puerto Rico as Agent
shall request, and do such other reasonable acts and things as may be required
of it to enable Agent to consummate the public sale or other disposition by
Agent in such jurisdictions of such Pledged Stock by Agent;

 

(v) Furnish, at the request of Agent, on the date that Pledged Stock owned or
held by it is delivered to the underwriters for sale pursuant to such
registration or, if the security is not being sold through underwriters, on the
date that the registration statement with respect to such Pledged Stock becomes
effective, (A) an opinion, dated such date, of the independent counsel
representing such registrant for the purposes of such registration, addressed to
the underwriters, if any, and in the event such Pledged Stock is not being sold
through underwriters, then to Agent, in customary form and covering matters of
the type customarily covered in such legal opinions; and (B) a comfort letter,
dated such date, from the independent certified public accountants of such
registrant, addressed to the underwriters, if any, and in the event such Pledged
Stock is not being sold through underwriters, then to Agent, in a customary form
and covering matters of the type customarily covered by such comfort letters and
as the underwriters or Agent shall reasonably request. The opinion of counsel
referred to above shall additionally cover such other legal matters with respect
to the registration in respect of which such opinion is being given as Agent may
reasonably request. The comfort letter

 

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referred to above from the independent certified public accountants shall
additionally cover such other financial matters (including information as to the
period ending not more than five Business Days prior to the date of such letter)
with respect to the registration in respect of which such letter is being given
as Agent may reasonably request; and

 

(vi) Otherwise use commercially reasonable efforts to comply with all applicable
rules and regulations of the Commission, and make available to its security
holders, as soon as reasonably practicable but not later than 18 months after
the effective date of such registration statement, an earnings statement
covering the period of at least 12 months beginning with the first full month
after the effective date of such registration statement, which earnings
statement shall satisfy the provisions of Section 11(a) of the Securities Act.

 

(d) All expenses incurred in complying with Section 8(c), including, without
limitation, all registration and filing fees (including all expenses incident to
filing with the National Association of Securities Dealers, Inc.), printing
expenses, fees and disbursements of counsel for the registrant, the fees and
expenses of counsel for Agent, expenses of the independent certified public
accountants (including any special audits incident to or required by any such
registration) and expenses of complying with the securities or blue sky laws of
any jurisdictions, shall be paid by Pledgors.

 

(e) If, at any time when Agent shall determine to exercise its right to sell the
whole or any part of the Pledged Collateral hereunder, such Pledged Collateral
or the part thereof to be sold shall not, for any reason whatsoever, be
effectively registered under the Securities Act (or any similar statute), then
Agent may, in its discretion (subject only to applicable requirements of law),
sell such Pledged Collateral or part thereof by private sale in such manner and
under such circumstances as Agent may deem necessary or advisable, but subject
to the other requirements of this Section 8, and shall not be required to effect
such registration or to cause the same to be effected. Without limiting the
generality of the foregoing, in any such event, Agent in its discretion may (1)
in accordance with applicable securities laws proceed to make such private sale
notwithstanding that a registration statement for the purpose of registering
such Pledged Collateral or part thereof could be or shall have been filed under
the Securities Act (or similar statute), (2) approach and negotiate with a
single possible purchaser to effect such sale, and (3) restrict such sale to a
purchaser who is an accredited investor under the Securities Act and who will
represent and agree that such purchaser is purchasing for its own account, for
investment and not with a view to the distribution or sale of such Pledged
Collateral or any part thereof. In addition to a private sale as provided above
in this Section 8, if any of the Pledged Collateral shall not be freely
distributable to the public without registration under the Securities Act (or
similar statute) at the time of any proposed sale pursuant to this Section 8,
then Agent shall not be required to effect such registration or cause the same
to be effected but, in its discretion (subject only to applicable requirements
of law), may require that any sale hereunder (including a sale at auction) be
conducted subject to restrictions:

 

(i) as to the financial sophistication and ability of any Person permitted to
bid or purchase at any such sale;

 

(ii) as to the contents of legends to be placed upon any certificates
representing the Pledged Collateral sold in such sale, including restrictions on
future transfer thereof;

 

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(iii) as to the representations required to be made by each Person bidding or
purchasing at such sale relating to such Person’s access to financial
information about such Pledgor and such Person’s intentions as to the holding of
the Pledged Collateral so sold for investment for its own account and not with a
view to the distribution thereof; and

 

(iv) as to such other matters as Agent may, in its discretion, deem necessary or
appropriate in order that such sale (notwithstanding any failure so to register)
may be effected in compliance with the Bankruptcy Code and other laws affecting
the enforcement of creditors’ rights and the Securities Act and all applicable
state securities laws.

 

(f) Each Pledgor recognizes that Agent may be unable to effect a public sale of
any or all the Pledged Collateral and may be compelled to resort to one or more
private sales thereof in accordance with clause (e) above. Each Pledgor also
acknowledges that any such private sale may result in prices and other terms
less favorable to the seller than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private sale shall not
be deemed to have been made in a commercially unreasonable manner solely by
virtue of such sale being private. Agent shall be under no obligation to delay a
sale of any of the Pledged Collateral for the period of time necessary to permit
the applicable Pledged Entity to register such securities for public sale under
the Securities Act, or under applicable state securities laws, even if the
Pledgor owning or holding such Pledged Collateral and the Pledged Entity would
agree to do so.

 

(g) Each Pledgor agrees to the maximum extent permitted by applicable law that
following the occurrence and during the continuance of an Event of Default it
will not at any time plead, claim or take the benefit of any appraisal,
valuation, stay, extension, moratorium or redemption law now or hereafter in
force in order to prevent or delay the enforcement of this Agreement, or the
absolute sale of the whole or any part of the Pledged Collateral or the
possession thereof by any purchaser at any sale hereunder, and each Pledgor
waives the benefit of all such laws to the extent it lawfully may do so. Each
Pledgor agrees that it will not interfere with any right, power or remedy of
Agent provided for in this Agreement or now or hereafter existing at law or in
equity or by statute or otherwise, or the exercise or beginning of the exercise
by Agent of any one or more of such rights, powers or remedies. No failure or
delay on the part of Agent to exercise any such right, power or remedy and no
notice or demand that may be given to or made upon any Pledgor by Agent with
respect to any such remedies shall operate as a waiver thereof, or limit or
impair Agent’s right to take any action or to exercise any power or remedy
hereunder, without notice or demand, or prejudice its rights as against any
Pledgor in any respect.

 

(h) Each Pledgor further agrees that a breach of any of the covenants contained
in this Section 8 will cause irreparable injury to Agent, that Agent shall have
no adequate remedy at law in respect of such breach and, as a consequence,
agrees that each and every covenant contained in this Section 8 shall be
specifically enforceable against such Pledgor, and each Pledgor hereby waives
and agrees not to assert any defenses against an action for specific performance
of such covenants except for a defense that the Obligations are not then due and
payable in accordance with the agreements and Instruments governing and
evidencing the Obligations.

 

9. Waiver. No delay on Agent’s part in exercising any power of sale, Lien,
option or other right hereunder, and no notice or demand that may be given to or
made upon any

 

9

--------------------------------------------------------------------------------

Pledgor by Agent with respect to any power of sale, Lien, option or other right
hereunder, shall constitute a waiver thereof, or limit or impair Agent’s right
to take any action or to exercise any power of sale, Lien, option, or any other
right hereunder, without notice or demand, or prejudice Agent’s rights as
against any Pledgor in any respect.

 

10. Assignment. Agent may assign, indorse or transfer any Instrument evidencing
all or any part of the Obligations as provided in, and in accordance with, the
Credit Agreement, and the holder of such Instrument shall be entitled to the
benefits of this Agreement.

 

11. Termination. Immediately following the Termination Date, Agent shall deliver
to each Pledgor (as the case may be) the Pledged Collateral pledged by such
Pledgor at the time subject to this Agreement and all instruments of assignment
executed in connection therewith, free and clear of the Liens created in favor
of Agent under this Agreement and the other Loan Documents and, except as
otherwise provided herein, all of such Pledgor’s obligations hereunder shall at
such time terminate.

 

12. Lien Absolute. All rights of Agent hereunder, and all obligations of each
Pledgor hereunder, shall be absolute and unconditional irrespective of:

 

(a) any lack of validity or enforceability of the Credit Agreement, any other
Loan Document or any other agreement or Instrument governing or evidencing any
Obligations;

 

(b) any change in the time, manner or place of payment of, or in any other term
of, all or any part of the Obligations, or any other amendment or waiver of or
any consent to any departure from the Credit Agreement, any other Loan Document
or any other agreement or Instrument governing or evidencing any Obligations;

 

(c) any exchange, release or non-perfection of any other Collateral or any
release or amendment or waiver of, or consent to departure from any guaranty
for, all or any of the Obligations;

 

(d) the insolvency of any Pledgor; or

 

(e) any other circumstance that might otherwise constitute a defense available
to, or a discharge of, such Pledgor.

 

13. Release. Each Pledgor consents and agrees that Agent may at any time, or
from time to time, in its discretion:

 

(a) renew, extend or change the time of payment of, or the manner, place or
terms of payment of, all or any part of the Obligations; and

 

(b) exchange, release or surrender all or any of the Collateral (including the
Pledged Collateral), or any part thereof, by whomsoever deposited, that is now
or may hereafter be held by Agent in connection with all or any of the
Obligations;

 

(c) all in such manner and upon such terms as Agent may deem proper, and without
notice to or further assent from such Pledgor, it being hereby agreed that such
Pledgor shall be and remain bound by this Agreement irrespective of the value or
condition of any of the Collateral and notwithstanding any such change,
exchange, settlement, compromise, surrender, release, renewal or extension, and
notwithstanding also that the Obligations may, at any time, exceed the aggregate
principal amount thereof set forth in the Credit Agreement or any other
agreement governing any Obligations. Each Pledgor hereby waives notice of
acceptance of this Agreement, presentment, demand, protest and notice of
dishonor of any and all of the Obligations, and any delay by Agent or any Lender
in commencing suit against any party hereto

 

10

--------------------------------------------------------------------------------

or Person liable hereon, and in giving any notice to or of making any claim or
demand hereunder upon such Pledgor. No act or omission of any kind on Agent’s
part shall in any event affect or impair this Agreement.

 

14. Reinstatement. This Agreement shall remain in full force and effect and
continue to be effective should any petition be filed by or against any Pledgor
or any Pledged Entity for liquidation or reorganization, should any Pledgor or
any Pledged Entity become insolvent or make an assignment for the benefit of
creditors or should a receiver or trustee be appointed for all or any
significant part of any Pledgor’s or Pledged Entity’s assets, and shall continue
to be effective or be reinstated, as the case may be, if at any time payment and
performance of the Obligations, or any part thereof, is, pursuant to applicable
law, rescinded or reduced in amount, or must otherwise be restored or returned
by any obligee of the Obligations, whether as a “voidable preference,”
“fraudulent transfer,” or otherwise, all as though such payment or performance
had not been made. In the event that any payment, or any part thereof, is
rescinded, reduced, restored or returned, the Obligations shall be reinstated
and deemed reduced only by such amount paid and not so rescinded, reduced,
restored or returned.

 

15. Notices. Except as otherwise provided in this Agreement, whenever it is
provided herein that any notice, demand, request, consent, approval, declaration
or other communication shall or may be given to or served upon any of the
parties by any other party, or whenever any of the parties desires to give and
serve upon any other party any communication with respect to this Agreement,
each such notice, demand, request, consent, approval, declaration or other
communication shall be in writing and shall be given in the manner, and deemed
received, as provided for in the Credit Agreement.

 

16. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in a manner as to be effective and valid under applicable law, but
if any provision of this Agreement shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such
prohibition or invalidity without invalidating the remainder of such provision
or the remaining provisions of this Agreement.

 

17. No Waiver; Cumulative Remedies. Neither Agent nor any Lender shall by any
act, delay, omission or otherwise be deemed to have waived any of its rights or
remedies hereunder, and no waiver shall be valid unless in writing, signed by
Agent and then only to the extent therein set forth. A waiver by Agent of any
right or remedy hereunder on any one occasion shall not be construed as a bar to
any right or remedy which Agent would otherwise have had on any future occasion.
No failure to exercise nor any delay in exercising on the part of Agent or any
Lender, any right, power or privilege hereunder, shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power or
privilege hereunder preclude any other or future exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies
hereunder provided are cumulative and may be exercised singly or concurrently,
and are not exclusive of any rights and remedies provided by law. None of the
terms or provisions of this Agreement may be waived, altered, modified or
amended except by an instrument in writing, duly executed by Agent and Pledgors.

 

18. Successors and Assigns. This Agreement and all obligations of Pledgors
hereunder shall be binding upon the successors and assigns of each Pledgor
(including any trustee or debtor-in-possession on behalf of such Pledgor) and
shall, together with the rights and remedies of Agent, for the benefit of Agent
and Lenders, hereunder, inure to the benefit of, and be enforceable by, Agent
and its successors and assigns. No sales of participations, other sales,
assignments, transfers or other dispositions of any agreement governing or
instrument evidencing

 

11

--------------------------------------------------------------------------------

the Obligations or any portion thereof or interest therein shall in any manner
impair the Lien granted to Agent, for the benefit of Agent and Lenders,
hereunder. No Pledgor may assign, sell, hypothecate or otherwise transfer any
interest in or obligation under this Agreement.

 

19. Counterparts. This Agreement may be authenticated in any number of separate
counterparts, each of which shall collectively and separately constitute one
agreement. This Agreement may be authenticated by manual signature, facsimile
or, if approved in writing by Agent, electronic means, all of which shall be
equally valid.

 

20. GOVERNING LAW. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN ANY OF THE LOAN
DOCUMENTS, IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND
PERFORMANCE, THIS AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL BE
GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF CALIFORNIA APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE,
AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. EACH PLEDGOR HEREBY
CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN LOS ANGELES
COUNTY, CITY OF LOS ANGELES, STATE OF CALIFORNIA, SHALL HAVE EXCLUSIVE
JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN PLEDGORS,
AGENT AND LENDERS PERTAINING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN
DOCUMENTS OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OF THE OTHER LOAN DOCUMENTS, PROVIDED, THAT AGENT, LENDERS AND PLEDGORS
ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT
LOCATED OUTSIDE OF LOS ANGELES COUNTY, AND, PROVIDED, FURTHER, NOTHING IN THIS
AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE AGENT FROM BRINGING SUIT OR
TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL
OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER
COURT ORDER IN FAVOR OF AGENT. EACH PLEDGOR EXPRESSLY SUBMITS AND CONSENTS IN
ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT,
AND EACH PLEDGOR HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK
OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY
CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED
APPROPRIATE BY SUCH COURT. EACH PLEDGOR HEREBY WAIVES PERSONAL SERVICE OF THE
SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND
AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PLEDGOR AT THE ADDRESS SET FORTH
ON ANNEX I TO THE CREDIT AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED
COMPLETED UPON THE EARLIER OF ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER
DEPOSIT IN THE UNITED STATES MAILS, PROPER POSTAGE PREPAID.

 

21. WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX
FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN
EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL
LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT DISPUTES

 

12

--------------------------------------------------------------------------------

ARISING HEREUNDER OR RELATING HERETO BE RESOLVED BY A JUDGE APPLYING SUCH
APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF
THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, AMONG AGENT, LENDERS, AND
PLEDGORS ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED IN CONNECTION WITH, THIS AGREEMENT OR ANY OF THE OTHER
LOAN DOCUMENTS OR THE TRANSACTIONS RELATED HERETO OR THERETO.

 

22. Section Titles. The Section titles contained in this Agreement are and shall
be without substantive meaning or content of any kind whatsoever and are not a
part of the agreement between the parties hereto.

 

23. No Strict Construction. The parties hereto have participated jointly in the
negotiation and drafting of this Agreement. In the event an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the parties hereto and no presumption or burden of
proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provisions of this Agreement.

 

24. Advice of Counsel. Each of the parties represents to each other party hereto
that it has discussed this Agreement and, specifically, the provisions of
Section 20 and Section 21, with its counsel.

 

25. Benefit of Lenders. All Liens granted or contemplated hereby shall be for
the benefit of Agent, for the benefit of Agent and Lenders, and all proceeds or
payments realized from the Pledged Collateral in accordance herewith shall be
applied to the Obligations in accordance with the terms of the Credit Agreement.

 

26. Miscellaneous.

 

(a) Agent may execute any of its duties hereunder by or through agents or
employees and shall be entitled to advice of counsel concerning all matters
pertaining to its duties hereunder.

 

(b) Each Pledgor agrees to promptly reimburse Agent for actual out-of-pocket
expenses, including reasonable counsel fees, incurred by Agent in connection
with the administration and enforcement of this Agreement.

 

(c) Neither Agent, nor any of its representative officers, directors, employees,
agents or counsel shall be liable for any action lawfully taken or omitted to be
taken by it or them hereunder or in connection herewith, except for its or their
own gross negligence or willful misconduct as finally determined by a court of
competent jurisdiction.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

13

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused this Pledge Agreement to be
duly executed as of the date first written above.

 

“Pledgors”

 

DYNAMIC DETAILS, INCORPORATED

 

DYNAMIC DETAILS, INCORPORATED, VIRGINIA

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

 

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

Name:

 

Timothy Donnelly

 

Name:

 

Timothy Donnelly

Title:

 

Vice President and Secretary

 

Title:

 

Vice President and Secretary

DYNAMIC DETAILS INCORPORATED,

SILICON VALLEY

 

LAMINATE TECHNOLOGY CORP.

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

 

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

Name:

 

Timothy Donnelly

 

Name:

 

Timothy Donnelly

Title:

 

Vice President and Secretary

 

Title:

 

Vice President and Secretary

DDi CORP.

 

DDi INTERMEDIATE HOLDINGS CORP.

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

 

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

Name:

 

Timothy Donnelly

 

Name:

 

Timothy Donnelly

Title:

 

Vice President and Secretary

 

Title:

 

Vice President and Secretary

DDi CAPITAL CORP.

 

DDi SALES CORP.

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

 

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

Name:

 

Timothy Donnelly

 

Name:

 

Timothy Donnelly

Title:

 

Vice President and Secretary

 

Title:

 

Vice President and Secretary

DYNAMIC DETAILS TEXAS, LLC

 

DDi-TEXAS INTERMEDIATE PARTNERS II, L.L.C.

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

 

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

Name:

 

Timothy Donnelly

 

Name:

 

Timothy Donnelly

Title:

 

Vice President and Secretary

 

Title:

 

Vice President and Secretary

 

14

--------------------------------------------------------------------------------

DDi-TEXAS INTERMEDIATE HOLDINGS II, L.L.C.  

DYNAMIC DETAILS, L.P.

       

By:

 

DDi-TEXAS INTERMEDIATE PARTNERS II, L.L.C.,

its General Partner

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

 

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

Name:

 

Timothy Donnelly

 

Name:

 

Timothy Donnelly

Title:

 

Vice President and Secretary

 

Title:

 

Vice President and Secretary

DYNAMIC DETAILS INCORPORATED,

COLORADO SPRINGS

       

By:

 

/S/ TIMOTHY DONNELLY

--------------------------------------------------------------------------------

       

Name:

 

Timothy Donnelly

       

Title:

 

Vice President and Secretary

        “Agent”            

GENERAL ELECTRIC CAPITAL CORPORATION

       

By:

 

/S/ E. J. HESS

--------------------------------------------------------------------------------

           

E. J. Hess

           

Duly Authorized Signatory

       

 

15

--------------------------------------------------------------------------------

SCHEDULE I

 

PART A

 

PLEDGED SHARES

 

Pledged Entity

--------------------------------------------------------------------------------

  

Class of Stock

--------------------------------------------------------------------------------

  

Holder of Stock

--------------------------------------------------------------------------------

   Stock
Certificates
Number(s)

--------------------------------------------------------------------------------

   Numbers of
Shares or
Interests*

--------------------------------------------------------------------------------

    Percentage of
Outstanding
Shares or
Interests

--------------------------------------------------------------------------------

 

DDi Intermediate Holdings

   Common    DDi Corp.    2000    1,000     100 %

DDi Capital Corp.

   Common    DDi Intermediate Holdings Corp.    2000    1,000     100 %

Dynamic Details, Incorporated

   Common    DDi Capital Corp.    2    100     100 %

DDi Canada Acquisition Corp.

   Common    Dynamic Details, Incorporated    C-2    715     65 %

DDi Sales Corp.

   Common    Dynamic Details, Incorporated    1    1,000     100 %

Dynamic Details Incorporated, Silicon Valley

   Common    Dynamic Details, Incorporated    72    3,000     100 %

Dynamic Details, Incorporated, Virginia

   Common    Dynamic Details, Incorporated    2000    3,000     100 %

Dynamic Details Incorporated, Colorado Springs

   Common Voting    Dynamic Details, Incorporated    10    1,000,000     100 %

Dynamic Details Texas, LLC

   N/A    Dynamic Details, Incorporated    N/A    100
Equity
Interest %
 
    100 %

Laminate Technology Corp.

   Common    Dynamic Details, Incorporated    1    1,000     100 %

 

16

--------------------------------------------------------------------------------

DDi-Texas Intermediate Partners II, L.L.C.    N/A    Dynamic Details Texas, LLC
   N/A    100
Equity
Interest %
 
    100 % DDi-Texas Intermediate Holdings II, L.L.C.    N/A    Dynamic Details
Texas, LLC    N/A    100
Equity
Interest %
 
    100 % Dynamic Details, L.P.    N/A    DDi-Texas Intermediate Partners II,
L.L.C.    N/A    1
General
Partnership
Interest %
 
 
    1 % Dynamic Details, L.P.    N/A    DDi-Texas Intermediate Holdings II,
L.L.C.    N/A    99
Limited
Partnership
Interest %
 
 
    99 %

--------------------------------------------------------------------------------

*In the case of foreign Subsidiaries, no more than 65% of each of such foreign
Subsidiary’s Stock shall be required to be pledged.

 

PART B

 

PLEDGED INDEBTEDNESS

 

Pledged Entity

--------------------------------------------------------------------------------

   Initial Principal
Amount

--------------------------------------------------------------------------------

   Pledgor

--------------------------------------------------------------------------------

   Issue Date

--------------------------------------------------------------------------------

   Maturity Date

--------------------------------------------------------------------------------

   Interest
Rate

--------------------------------------------------------------------------------

  Link World Technologies    U.S.$ 150,000    Dynamic
Details,
Incorporated    June 26, 2002    December 31,
2003    6 % DDi Canada Acquisition Corp.    CAD$ 12,903,801    Dynamic
Details,
Incorporated    December 29,
2003    December 29,
2013    9.75 %

 

17

--------------------------------------------------------------------------------

SCHEDULE II

 

PLEDGE AMENDMENT

 

This Pledge Amendment, dated as of                         ,          is
delivered pursuant to Section 6(d) of the Pledge Agreement referred to below.
All defined terms herein shall have the meanings assigned thereto or
incorporated by reference in the Pledge Agreement. The undersigned hereby
certifies that the representations and warranties in Section 5 of the Pledge
Agreement are and continue to be true and correct, both as to the promissory
notes, other Instruments, letters of credit, shares and interests pledged prior
to this Pledge Amendment and as to the promissory notes, other Instruments,
shares or interests pledged pursuant to and delivered to Agent concurrently with
Pledgor’s delivery of this Pledge Amendment. The undersigned further agrees that
this Pledge Amendment may be attached to that certain Pledge Agreement dated as
of March 30, 2004 (the “Pledge Agreement”), by and among Dynamic Details,
Incorporated, Dynamic Details Incorporated, Virginia, Dynamic Details
Incorporated, Silicon Valley, Laminate Technology Corp., DDi Corp., DDi
Intermediate Holdings Corp., DDi Capital Corp., Dynamic Details Incorporated,
Colorado Springs, DDi Sales Corp., Dynamic Details Texas, LLC, DDi-Texas
Intermediate Partners II, L.L.C., DDi-Texas Intermediate Holdings II, L.L.C.,
and Dynamic Details, L.P., as Pledgors, and General Electric Capital
Corporation, as Agent, and that the Pledged Stock and Pledged Indebtedness
listed in this Pledge Amendment shall be and become a part of the Pledged
Collateral referred to in the Pledge Agreement and shall secure all Obligations
referred to in the Pledge Agreement.

 

“Pledgor”

By:

 

 

--------------------------------------------------------------------------------

Name:

 

 

--------------------------------------------------------------------------------

Title:

 

 

--------------------------------------------------------------------------------

 

Name and Address of Pledgor

--------------------------------------------------------------------------------

   Pledged Entity

--------------------------------------------------------------------------------

   Class of Stock

--------------------------------------------------------------------------------

   Certificate
Number(s)

--------------------------------------------------------------------------------

   Number of
Shares or
Interests

--------------------------------------------------------------------------------

                     

 

Pledged Entity

--------------------------------------------------------------------------------

   Initial Principal
Amount

--------------------------------------------------------------------------------

   Issue Date

--------------------------------------------------------------------------------

   Maturity Date

--------------------------------------------------------------------------------

   Interest Rate

--------------------------------------------------------------------------------

                     

 

18

--------------------------------------------------------------------------------

SCHEDULE III

 

EXISTING OPTIONS, WARRANTS, CALLS OR COMMITMENTS

RELATING TO THE PLEDGED STOCK

 

None.

 

19