SECOND AMENDMENT TO SECOND LIEN
CREDIT AND GUARANTY AGREEMENT

          THIS SECOND AMENDMENT TO SECOND LIEN CREDIT AND GUARANTY AGREEMENT
dated as of July __, 2006 (the “Amendment”) is entered into among GENTEK
HOLDING, LLC, a Delaware limited liability company (the “Borrower”), GENTEK
INC., a Delaware corporation (“Holdings”), certain Subsidiaries of the Borrower,
as Guarantors, the Lenders party hereto, Goldman Sachs Credit Partners L.P.
(“GSCP”), as Administrative Agent and Collateral Agent and Bank of America, N.A.
(“BOFA”), as Documentation Agent. All capitalized terms used herein and not
otherwise defined herein shall have the meanings given to such terms in the
Credit Agreement (as defined below).

RECITALS

          WHEREAS, the Borrower, the Guarantors, the Lenders, Goldman Sachs
Credit Partners L.P., as Joint Lead Arranger, Sole Bookrunner, Syndication
Agent, Administrative Agent and Collateral Agent, Banc of America Securities
LLC, as Joint Lead Arranger and BOFA, as Documentation Agent entered into that
certain Second Lien Credit and Guaranty Agreement dated as of February 28, 2005
(as amended or modified from time to time, the “Credit Agreement”);

          WHEREAS, the Borrower has requested that the Lenders amend the Credit
Agreement as set forth below;

          NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

          1. Amendments. The Credit Agreement is hereby amended as follows:

 

 

 

          (a) The following definition is hereby added to Section 1.1 of the
Credit Agreement in the appropriate alphabetical order and shall read as
follows:

 

 

 

          “Second Amendment Effective Date” means July __, 2006.

 

 

 

          (b) The following language is hereby added at the end of Section
2.14(c) of the Credit Agreement to read as follows:

 

 

 

 

 

Notwithstanding the foregoing, (A) the Borrower shall have ninety (90) days from
the date of receipt by Holdings of any Cash proceeds from a capital
contribution, or the issuance of Capital Stock, to use such Cash proceeds as
consideration to make a Permitted Acquisition and (B) the Borrower may use any
Cash proceeds received by Holdings from a capital contribution, or the issuance
of Capital Stock, to immediately repay a Revolving Loan borrowing and/or
replenish any Cash used to fund in whole or in part a Permitted Acquisition so
long as such Cash proceeds are received by Holdings from a capital contribution,
or the issuance of Capital Stock, within ninety (90) days of the date of the
consummation of such Permitted Acquisition. If such Cash proceeds are not used
to (C) make a Permitted Acquisition within ninety (90) days of receipt by
Holdings or (D) immediately repay a Revolving Loan borrowing and/or replenish
any Cash used to fund in whole or in part a Permitted Acquisition within ninety
(90) days of the date of the consummation of such Permitted Acquisition, such
Cash proceeds shall be

 

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used by the Borrower to prepay the Loans and/or the Revolving Commitments shall
be permanently reduced as set forth above.

 

 

 

 

 

(c) Section 6.9(d) of the Credit Agreement is hereby amended to read as follows:

 

 

 

 

 

          (d) Permitted Acquisitions, the non-equity consideration for which
constitutes (i) less than $50,000,000 in the aggregate in any Fiscal Year; and
(ii) less than $125,000,000 in the aggregate from the Second Amendment Effective
Date to the date of determination; provided, that the non-equity consideration
of any Permitted Acquisition may exceed the limitations set forth in clauses (i)
and (ii) of this Section 6.9, if the Borrower delivers a revised Compliance
Certificate demonstrating that the Leverage Ratio calculated on a pro forma
basis in accordance with Section 6.9(d) after giving effect to such Permitted
Acquisition (as if such Permitted Acquisition had occurred in the beginning of
the period set forth in such Compliance Certificate) is equal to or less than
(i) 4.00 to 1:00 for Fiscal Year 2005, (ii) 3.25 to 1.00 for Fiscal Year 2006,
(iii) 2.75 to 1.00 for Fiscal Year 2007 and (iv) 2.25 to 1.00 for Fiscal Year
2008 (it being understood and agreed that (x) any Cash proceeds received by
Holdings from a capital contribution, or the issuance of Capital Stock, and used
as consideration to make a Permitted Acquisition within 90 days of receipt of
such Cash proceeds shall be considered equity consideration (and not cash
consideration counting toward the baskets above) for purposes of this Section
6.9(d) and (y) any proceeds of a Revolving Loan borrowing and/or Cash used to
fund in whole or in part a Permitted Acquisition shall be considered equity
consideration (and not cash consideration counting toward the baskets above) for
purposes of this Section 6.9(d) so long as such Revolving Loan and/or Cash is
immediately repaid or replenished in full with Cash proceeds received by
Holdings from a capital contribution, or the issuance of Capital Stock within 90
days of the date of the consummation of such Permitted Acquisition);

          2. Conditions Precedent. This Amendment shall be effective upon
satisfaction of the following conditions precedent:

 

 

 

          (a) Receipt by BOFA of counterparts of this Amendment duly executed by
the Borrower, the Guarantors, the Requisite Lenders, the Administrative Agent
and the Documentation Agent; and

 

 

 

          (b) Receipt by BOFA of a fully executed copy of the Second Amendment
to First Lien Credit and Guaranty Agreement.

          3. Miscellaneous.

 

 

 

          (a) The Credit Agreement, and the obligations of the Credit Parties
thereunder and under the other Credit Documents, are hereby ratified and
confirmed and shall remain in full force and effect according to their terms.

 

 

 

          (b) Each Guarantor (i) acknowledges and consents to all of the terms
and conditions of this Amendment, (ii) affirms all of its obligations under the
Credit Documents and (iii) agrees that this Amendment and all documents executed
in connection herewith do not operate to reduce or discharge its obligations
under the Credit Agreement or the other Credit Documents.

 

 

 

          (c) The Borrower and the Guarantors hereby represent and warrant as
follows:

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          (i) Each Credit Party has taken all necessary action to authorize the
execution, delivery and performance of this Amendment.

 

 

 

 

 

          (ii) This Amendment has been duly executed and delivered by the Credit
Parties and constitutes each of the Credit Parties’ legal, valid and binding
obligations, enforceable in accordance with its terms, except as such
enforceability may be limited by Debtor Relief Laws and general principles of
equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law).

 

 

 

 

 

          (iii) No consent, approval, authorization or order of, or filing,
registration or qualification with, any court or governmental authority or third
party is required in connection with the execution, delivery or performance by
any Credit Party of this Amendment.

 

 

 

          (d) This Amendment may be executed in any number of counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall constitute one and the same instrument. Delivery of an executed
counterpart of this Amendment by telecopy shall be effective as an original and
shall constitute a representation that an executed original shall be delivered.

 

 

 

          (e) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

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          Each of the parties hereto has caused a counterpart of this Amendment
to be duly executed and delivered as of the date first above written.

 

 

 

BORROWER:

GENTEK HOLDING, LLC

 

 

 

By:

 

 

 

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Name:

 

Title:

 

 

GUARANTORS:

GENTEK INC.

 

 

 

By:

 

 

 

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Name:

 

Title:

 

 

 

BALCRANK PRODUCTS INC.

 

BIG T-2 COMPANY LLC

 

BINDERLINE DRAFTLINE, INC.

 

DEFIANCE, INC.

 

DEFIANCE KINEMATICS INC.

 

DEFIANCE PRECISION PRODUCTS, INC.

 

DEFIANCE PRECISION PRODUCTS MANAGEMENT LLC

 

DEFIANCE PRECISION PRODUCTS MANUFACTURING LLC

 

DEFIANCE TESTING & ENGINEERING SERVICES, INC.

 

FINI ENTERPRISE, INC.

 

GENERAL CHEMICAL LLC

 

GENERAL CHEMICAL PERFORMANCE PRODUCTS LLC

 

GENERAL CHEMICAL WEST LLC

 

GENTEK TECHNOLOGIES MARKETING INC.

 

HY-FORM PRODUCTS, INC.

 

NOMA CORPORATION

 

NOMA DELAWARE INC.

 

NOMA HOLDING INC.

 

NOMA O.P., INC.

 

NOMA TECHNOLOGIES LIMITED PARTNERSHIP

 

          By:   Noma Holding Inc., its General Partner

 

PRINTING DEVELOPMENTS, INC.

 

REHEIS, INC.

 

TOLEDO TECHNOLOGIES INC.

 

TOLEDO TECHNOLOGIES MANAGEMENT LLC

 

TOLEDO TECHNOLOGIES MANUFACTURING LLC

 

VIGILANT NETWORKS LLC

 

 

 

 

By:

 

 

 

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Name:

 

Title:

 

GENTEK HOLDING, LLC

SECOND AMENDMENT TO

SECOND LIEN CREDIT AND GUARANTY AGREEMENT

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GOLDMAN SACHS CREDIT PARTNERS, L.P., as

 

Administrative Agent and Collateral Agent

 

 

 

 

By:

 

 

 

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Name:

 

Title:

 

 

 

BANK OF AMERICA, N.A., as Documentation

 

Agent

 

 

 

By:

 

 

 

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Name:

 

Title:

 

 

 

BANK OF AMERICA, N.A., as a Lender

 

 

 

 

By:

 

 

 

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Name:

 

Title:

 

GENTEK HOLDING, LLC

SECOND AMENDMENT TO

SECOND LIEN CREDIT AND GUARANTY AGREEMENT

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LENDERS:

[Insert name of applicable Lender]

 

 

 

By:

 

 

 

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Name:

 

Title:

 

GENTEK HOLDING, LLC

SECOND AMENDMENT TO

SECOND LIEN CREDIT AND GUARANTY AGREEMENT

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