Exhibit 10.7




---



##### 



Table of Contents
 Page1. AUTHORIZATION OF NOTES, ETC.
    
    
    11.1. The Notes
    
    
    11.2. The Subsidiary Guarantees
    
    
    12. SALE AND PURCHASE OF NOTES
    
    
    13. CLOSING
    
    
    24. CONDITIONS TO CLOSING
    
    
    24.1. Representations and Warranties
    
    
    24.2. Performance; No Default
    
    
    24.3. Compliance Certificates
    
    
    34.4. Opinions of Counsel
    
    
    34.5. Subsidiary Guarantees
    
    
    34.6. Purchase Permitted by Applicable Law, etc.
    
    
    34.7. Sale of Notes to Other Purchasers
    
    
    44.8. Payment of Special Counsel Fees
    
    
    44.9. Private Placement Number
    
    
    44.10. Changes in Corporate Structure
    
    
    44.11. Proceedings and Documents
    
    
    45. REPRESENTATIONS AND WARRANTIES OF THE COMPANY
    
    
    45.1. Organization; Power and Authority
    
    
    45.2. Authorization, etc.
    
    
    55.3. Disclosure
    
    
    55.4. Organization and Ownership of Shares of Subsidiaries; Affiliates
    
    
    55.5. Financial Statements
    
    
    65.6. Compliance with Laws, Other Instruments, etc.
    
    
    65.7. Governmental Authorizations, etc.
    
    
    65.8. Litigation; Observance of Agreements, Statutes and Orders
    
    
    75.9. Taxes
    
    
    75.10. Title to Property; Leases
    
    
    75.11. Licenses, Permits, etc.
    
    
    75.12. Compliance with ERISA
    
    
    85.13. Private Offering by the Company
    
    
    95.14. Use of Proceeds; Margin Regulations
    
    
    95.15. Existing Indebtedness; Future Liens
    
    
    95.16. Foreign Assets Control Regulations, etc.
    
    
    105.17. Status Under Certain Statutes
    
    
    105.18. Environmental Matters
    
    
    105.19. Solvency
    
    
    116. REPRESENTATIONS OF THE PURCHASER
    
    
    11




---



##### 



Page6.1. Purchase of Notes
    
    
    116.2. Source of Funds
    
    
    117. INFORMATION AS TO COMPANY
    
    
    137.1. Financial and Business Information
    
    
    137.2. Officers Certificate
    
    
    167.3. Inspection
    
    
    168. PREPAYMENT OF THE NOTES
    
    
    178.1. Required Prepayments
    
    
    178.2. Optional Prepayments
    
    
    178.3. Allocation of Partial Prepayments
    
    
    188.4. Maturity; Surrender, etc.
    
    
    188.5. Purchase of Notes
    
    
    188.6. Make-Whole Amount
    
    
    189. AFFIRMATIVE COVENANTS
    
    
    209.1. Compliance with Law
    
    
    209.2. Insurance
    
    
    209.3. Maintenance of Properties
    
    
    209.4. Payment of Taxes and Claims
    
    
    209.5. Corporate Existence, etc.
    
    
    219.6. Additional Subsidiary Guarantees; Release of Subsidiary Guarantees
    
    
    2110. NEGATIVE COVENANTS
    
    
    2210.1. Total Indebtedness; Subsidiary Indebtedness
    
    
    2210.2. Liens
    
    
    2310.3. Limitation on Sale and Leaseback Transactions
    
    
    2410.4. Maintenance of Net Worth
    
    
    2510.5. Asset Sales
    
    
    2510.6. Merger, Consolidation, etc.
    
    
    2610.7. Transactions with Affiliates
    
    
    2711. EVENTS OF DEFAULT
    
    
    2712. REMEDIES ON DEFAULT, ETC.
    
    
    2912.1. Acceleration
    
    
    2912.2. Other Remedies
    
    
    3012.3. Rescission
    
    
    3012.4. No Waivers or Election of Remedies, Expenses, etc.
    
    
    3013. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES
    
    
    3113.1. Registration of Notes
    
    
    3113.2. Transfer and Exchange of Notes
    
    
    3113.3. Replacement of Notes
    
    
    3114. PAYMENTS ON NOTES
    
    
    3214.1. Place of Payment
    
    
    32
 ( ii )




---



##### 



Page14.2. Home Office Payment
    
    
    3215. EXPENSES, ETC.
    
    
    3315.1. Transaction Expenses
    
    
    3315.2. Survival
    
    
    3316. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT
    
    
    3317. AMENDMENT AND WAIVER
    
    
    3417.1. Requirements
    
    
    3417.2. Solicitation of Holders of Notes
    
    
    3417.3. Binding Effect, etc.
    
    
    3417.4. Notes held by Company, etc.
    
    
    3518. NOTICES
    
    
    3519. REPRODUCTION OF DOCUMENTS
    
    
    3520. CONFIDENTIAL INFORMATION
    
    
    3621. SUBSTITUTION OF PURCHASER
    
    
    3722. MISCELLANEOUS
    
    
    3722.1. Successors and Assigns
    
    
    3722.2. Construction
    
    
    3722.3. Jurisdiction and Process; Waiver of Jury Trial
    
    
    3722.4. Payments Due on Non-Business Days
    
    
    3822.5. Severability
    
    
    3822.6. Accounting Terms; Pro Forma Calculations
    
    
    3822.7. Counterparts
    
    
    3922.8. Governing Law
    
    
    39
 Schedule A
    
    
    
    Names and Addresses of PurchasersSchedule B
    
    
    
    Defined TermsExhibit 1.1
    
    
    
    Form of 5.54% Senior Note due 2016Exhibit 1.2
    
    
    
    Form of Subsidiary GuaranteeExhibit 4.4(a)
    
    
    
    Form of Opinion of Special Counsel for the CompanyExhibit 4.4(b)
    
    
    
    Form of Opinion of Special Counsel for the PurchasersSchedule 5.3
    
    
    
    Disclosure DocumentsSchedule 5.4
    
    
    
    SubsidiariesSchedule 5.5
    
    
    
    Financial StatementsSchedule 5.8
    
    
    
    LitigationSchedule 5.11
    
    
    
    Licenses, etc.Schedule 5.15
    
    
    
    Existing Indebtedness
 ( iii )




---



##### 



Company
 1. AUTHORIZATION OF NOTES, ETC.
 1.1. The Notes.
 Notes Notes
 1.2. The Subsidiary Guarantees
 Subsidiary Guarantee Subsidiary Guarantees
 2. SALE AND PURCHASE OF NOTES.




---



##### 



Other
Agreements Other Purchasers
 3. CLOSING.
 Closing
  4. CONDITIONS TO CLOSING.
  4.1. Representations and Warranties.
  4.2. Performance; No Default.
  2




---



##### 



4.3. Compliance Certificates.
 Officers Certificate
 Secretarys Certificate
 4.4. Opinions of Counsel.
  4.5. Subsidiary Guarantees.
 Subsidiary Guarantor Subsidiary Guarantors
 4.6. Purchase Permitted by Applicable Law, etc.
  3




---



##### 



4.7. Sale of Notes to Other Purchasers.
  4.8. Payment of Special Counsel Fees.
  4.9. Private Placement Number.
  4.10. Changes in Corporate Structure.
  4.11. Proceedings and Documents.
  5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.
  5.1. Organization; Power and Authority.
  4




---



##### 



5.2. Authorization, etc.
  5.3. Disclosure.
 Disclosure Documents
 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates.
    5




---



##### 



5.5. Financial Statements.
  5.6. Compliance with Laws, Other Instruments, etc.
  5.7. Governmental Authorizations, etc.
  6




---



##### 



5.8. Litigation; Observance of Agreements, Statutes and Orders.
   5.9. Taxes.
  5.10. Title to Property; Leases.
  5.11. Licenses, Permits, etc.
  7




---



##### 



5.12. Compliance with ERISA.
  current value present value
   8




---



##### 



5.13. Private Offering by the Company.
  5.14. Use of Proceeds; Margin Regulations.
 margin stock purpose of buying or carrying
 5.15. Existing Indebtedness; Future Liens.
  9




---



##### 



5.16. Foreign Assets Control Regulations, etc.
    5.17. Status Under Certain Statutes.
  5.18. Environmental Matters.
   10




---



##### 



5.19. Solvency.
  6. REPRESENTATIONS OF THE PURCHASER
 6.1. Purchase of Notes.
  6.2. Source of Funds.
 Source
  PTE   NAIC Annual Statement 
 11




---



##### 



 QPAM Exemption 
  INHAM Exemption 
  12




---



##### 



employee benefit plan governmental plan party in
interest separate account
 7. INFORMATION AS TO COMPANY.
 7.1. Financial and Business Information.
  Quarterly Statements
    Annual Statements
  13




---



##### 



SEC and Other Reports
 Notice of Default or Event of Default
 14




---



##### 



ERISA Matters
    Notices from Governmental Authority
 Requested Information
 15




---



##### 



7.2. Officers Certificate.
  Covenant Compliance
 Default
 7.3. Inspection.
  No Default
 Default
 16




---



##### 



8. PREPAYMENT OF THE NOTES.
  8.1. Required Prepayments.
  8.2. Optional Prepayments.
   17




---



##### 



8.3. Allocation of Partial Prepayments.
  8.4. Maturity; Surrender, etc.
  8.5. Purchase of Notes.
    8.6. Make-Whole Amount.
 Make-Whole Amount
 Called Principal
 18




---



##### 



Discounted Value
 Reinvestment Yield
 Remaining Average Life
 Remaining Scheduled Payments
 19




---



##### 



Settlement Date
 9. AFFIRMATIVE COVENANTS.
  9.1. Compliance with Law.
  9.2. Insurance.
  9.3. Maintenance of Properties.
  9.4. Payment of Taxes and Claims.
  20




---



##### 



9.5. Corporate Existence, etc.
  9.6. Additional Subsidiary Guarantees; Release of Subsidiary Guarantees.
  21




---



##### 



10. NEGATIVE COVENANTS.
  10.1. Total Indebtedness; Subsidiary Indebtedness.
        22




---



##### 



10.2. Liens.
     23




---



##### 



10.3. Limitation on Sale and Leaseback Transactions.
 transfer
  24




---



##### 



10.4. Maintenance of Net Worth.
  10.5. Asset Sales.
 Asset
Sale
       25




---



##### 



10.6. Merger, Consolidation, etc.
      surviving corporation
  26




---



##### 



10.7. Transactions with Affiliates.
  11. EVENTS OF DEFAULT.
 Event of Default
       27




---



##### 



28




---



##### 



employee benefit plan employee welfare benefit
plan
 12. REMEDIES ON DEFAULT, ETC.
 12.1. Acceleration.
     29




---



##### 



12.2. Other Remedies.
  12.3. Rescission.
  12.4. No Waivers or Election of Remedies, Expenses, etc.
  30




---



##### 



13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES.
 13.1. Registration of Notes.
  13.2. Transfer and Exchange of Notes.
   13.3. Replacement of Notes.
  31




---



##### 



14. PAYMENTS ON NOTES.
 14.1. Place of Payment.
  14.2. Home Office Payment.
  32




---



##### 



15. EXPENSES, ETC.
 15.1. Transaction Expenses.
   15.2. Survival.
  16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT.
  33




---



##### 



17. AMENDMENT AND WAIVER
 17.1. Requirements.
  17.2. Solicitation of Holders of Notes.
 Solicitation
 Payment
 17.3. Binding Effect, etc.
  34




---



##### 



this Agreement
 17.4. Notes held by Company, etc.
  18. NOTICES.
      19. REPRODUCTION OF DOCUMENTS
  35




---



##### 



20. CONFIDENTIAL INFORMATION.
 Confidential Information
 36




---



##### 



21. SUBSTITUTION OF PURCHASER
  22. MISCELLANEOUS.
 22.1. Successors and Assigns.
  22.2. Construction.
  22.3. Jurisdiction and Process; Waiver of Jury Trial.
 in personam in personam
 37




---



##### 



THE COMPANY WAIVES TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS
AGREEMENT, THE OTHER AGREEMENTS, THE NOTES OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH OR
THEREWITH.
 22.4. Payments Due on Non-Business Days.
  22.5. Severability.
  22.6. Accounting Terms; Pro Forma Calculations.
  38




---



##### 



22.7. Counterparts.
  22.8. Governing Law.
  39




---



##### 



Very truly yours,SPARTECH CORPORATIONBy
    /s/ Bradley B. BuechlerPresident and Chief Executive Officer   METROPOLITAN LIFE INSURANCE COMPANYBy
    
    /s/ Judith A. Gulotta

DirectorTEACHERS INSURANCE AND ANNUITY 
ASSOCIATION OF AMERICABy
    
    /s/ John GoodredsDirectorTHE TRAVELERS INSURANCE COMPANYBy
    
    /s/ Matthew McinernyInvestment OfficerTHE TRAVELERS LIFE AND ANNUITY COMPANYBy
    
    /s/ Matthew McinernyInvestment OfficerPRIMERICA LIFE INSURANCE COMPANYBy
    
    /s/ Matthew McinernyInvestment Officer
 AXA EQUITABLE LIFE INSURANCE COMPANYBy
    
    /s/ Joel SerebranskyInvestment OfficerMONY LIFE INSURANCE COMPANYBy :
    
    /s/ Emilia F. WienerVice PresidentTHE VARIABLE ANNUITY LIFE INSURANCE COMPANYBy
    
    AIG Global Investment Corp., investment adviserBy
    
    /s/ Victoria Y. ChinVice PresidentTHE GUARDIAN LIFE INSURANCE COMPANY OF AMERICABy
    
    /s/ Thomas M. DonohueManaging DirectorMASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
   40




---



##### 



By
    
    BABSON CAPITAL MANAGEMENT LLC, 
as Investment AdviserBy
    
    /s/ Mark A. Ahmed

Managing DirectorC.M. LIFE INSURANCE COMPANYBy
    
    BABSON CAPITAL MANAGEMENT LLC, 
as Investment Sub-AdviserBy
    
    /s/ Mark A. AhmedManaging Director
 41




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedMETROPOLITAN LIFE INSURANCE COMPANY
    
    $30,000,000(1) All scheduled payments of principal and interest by
wire transfer of immediately available funds to:JPMorgan Chase BankABA # 021000021Metropolitan Life Insurance CompanyAccount No. 002-2-410591Ref: Spartech Senior Notes due 2016with sufficient information to identify the source
and application of such funds, including (i) the
name of the Issuer, (ii) the maturity date, (iii)
the PPN: 847220 C* 9 of the Notes, (iv) the amount
of principal, interest and premium, if any, and
(v) the due date of the payment being made.For all payments other than scheduled payments of
principal and interest, the Company shall seek
instructions from the holder, and in the absence of
instructions to the contrary, will make such payments
to the account and in the manner set forth above.(2) Address for all notices and other communications:Metropolitan Life Insurance CompanyInvestments, Private Placements10 Park AvenueMorristown, NJ 07962-1902Attention: DirectorTelecopy: (973) 355-4250With a copy OTHER than with respect to deliveries of financial statements to
    
    :Metropolitan Life Insurance Company10 Park AvenueMorristown, NJ 07962-1902




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedAttention: Chief Counsel-Securities Investments (PRIV)Telecopy: (973) 355-4338(3) Tax Identification Number: 13-5581829
 A-2




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA
    
    $25,000,000(1) All payments on account of the Notes shall be made in
immediately available funds prior to 12:00 noon (New
York time) on the due date by electronic funds transfer
through the Automated Clearing House System to the
following account, and all such payments shall be
accompanied by the notices specified in paragraph (2)
below:JPMorgan Chase BankABA No. 021-000-021New York, New YorkFor deposit to the Account of Teaches Insurance and Annuity Association of AmericaAccount Number: 900-9-000200For Further Credit to the TIAA Account Number G07040
On order ofwith sufficient information (including interest
rate and maturity) to identify the issue to which
the payment relates and the source and application
of such funds, including the amount of principal,
interest and premium and the PPN 847220 C* 9(2) Contemporaneous with the above electronic funds
transfer payment, written confirmation of each such
payment setting forth: (a) the full name, private
placement number, interest rate and maturity date of the
Notes; (b) allocation of payment between principal,
interest, Make-Whole Amount, Modified make-Whole Amount
and any special payment; and (c) the name and address of
the bank (or Trustee) from which such electronic funds
transfer was sent, shall be delivered, mailed or faxed
to:Teachers Insurance and Annuity Association of America730 Third AvenueNew York, NY 10017Attention: Securities Accounting Division
 A-3




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTelephone Number: (212) 916-6004Facsimile Number: (212) 916-6955with a copy to:Teachers Insurance and Annuity Association of America730 Third AvenueNew York, NY 10017Attention: Securities Division, Private PlacementsTelephone Number: (212) 916-5695 (Greg MacCordy)Facsimile Number: (212) 916-6583(3) All other communications shall be delivered or mailed to:Teachers Insurance and Annuity Association of America730 Third AvenueNew York, NY 10017Attention: Securities Division, Private PlacementsFacsimile Number: (212) 490-9000(4) Taxpayer I.D. Number: 13-1624203
 A-4




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTHE TRAVELERS INSURANCE COMPANY
(I/N/O TRAL & CO.)
    
    $
    13,800,000(1)
    
    All payments on account of the Notes shall be made by
wire transfer of federal or other immediately available
funds, to:JPMorgan Chase Bank
One Chase Manhattan Plaza
New York, New York 10081
ABA No. 021000021
REF: Travelers Private Placement Account
Account No. 910-2-587434with sufficient information (including
interest rate and maturity) to identify the
issue to which the payment relates and the
source and application of such funds, including
the amount of principal, interest and premium
and the PPN 847220 C* 9(2)
    
    All notices with respect to payment:242 Trumbull Street, P.O. Box 150449
Hartford, CT 06115-0449
Attn: Cashier, 5th Floor
Fax: 860-308-8556(3)
    
    All other communications:242 Trumbull Street, P.O. Box 150449
Hartford, CT 06115-0449
Attn: Private Placements, 7th Floor
Fax: 860-308-8547(4)
    
    Tax Identification No.: 06-0566090
 A-5




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTHE TRAVELERS LIFE AND ANNUITY COMPANY
(I/N/O TRAL & CO.)
    
    $
    7,000,000(1)
    
    All payments on account of the Notes shall be made by
wire transfer of federal or other immediately available
funds, to:JPMorgan Chase Bank
One Chase Manhattan Plaza
New York, New York 10081
ABA No. 021000021
REF: Travelers Private Placement Account
Account No. 910-2-587434with sufficient information (including
interest rate and maturity) to identify the
issue to which the payment relates and the
source and application of such funds, including
the amount of principal, interest and premium
and the PPN 847220 C* 9(2)
    
    All notices with respect to payment:242 Trumbull Street, P.O. Box 150449
Hartford, CT 06115-0449
Attn: Cashier, 5th Floor
Fax: 860-308-8556(3)
    
    All other communications:242 Trumbull Street, P.O. Box 150449
Hartford, CT 06115-0449
Attn: Private Placements, 7th Floor
Fax: 860-308-8547(4)
    
    Tax Identification No.: 06-0904249
 A-6




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedPRIMERICA LIFE INSURANCE COMPANY
    
    $
    4,200,000(1)
    
    All payments on account of the Notes shall be made by
wire transfer of federal or other immediately available
funds, to:JPMorgan Chase Bank
One Chase Manhattan Plaza
New York, New York 10081
ABA No. 021000021
REF: Travelers Private Placement Account
Account No. 910-2-587434with sufficient information (including
interest rate and maturity) to identify the
issue to which the payment relates and the
source and application of such funds, including
the amount of principal, interest and premium
and the PPN 847220 C* 9(2)
    
    All notices with respect to payment:242 Trumbull Street, P.O. Box 150449
Hartford, CT 06115-0449
Attn: Cashier, 5th Floor
Fax: 860-308-8556(3)
    
    All other communications:242 Trumbull Street, P.O. Box 150449
Hartford, CT 06115-0449
Attn: Private Placements, 7th Floor
Fax: 860-308-8547(4)
    
    Tax Identification No.: 04-1590590
 A-7




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedAXA EQUITABLE LIFE INSURANCE COMPANY
    
    $
    14,000,000(1)
    
    All scheduled payments of principal and interest by
wire transfer of immediately available funds to:JPMorgan Chase Bank
Account: The Equitable Life Assurance of the United States
4 Metrotech Center
Brooklyn, NY 11245
ABA # 021000021
Account No. 037-2-417394
A/C Closed Block
Ref: Spartech Senior Notes due 2016with sufficient information to identify the source
and application of such funds, including (i) the
name of the Issuer, (ii) the maturity date, (iii)
the PPN: 847220 C* 9 of the Notes, (iv) the amount
of principal, interest and premium, if any, and
(v) the due date of the payment being made.(2)
    
    All notices of payments and written confirmations of
wire transfers should be sent to:The Equitable Life Assurance Society of the United States
c/o Alliance Capital Management Corporation
1345 Avenue of the Americas - 38th Floor
New York, NY 10105
Attn: Cosmo Valente [Telephone: 212-969-6384](3)
    
    Address for all other communications:The Equitable Life Assurance Society of the United States
c/o Alliance Capital Management Corporation
1345 Avenue of the Americas  38th Floor
New York, NY 10105
Attn: Jeffery Hughes [Telephone: 212-969-6384]
Alliance Capital Management Corporation(4)
    
    Tax Identification Number: 13-5570651
 
 A-8




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedMONY LIFE INSURANCE COMPANY
(I/N/O J. ROMEO & CO.)
    
    $
    6,000,000(1)
    
    All scheduled payments of principal and interest by
wire transfer of immediately available funds to:JPMorgan Chase Bank
ABA # 021000021, for credit to Private Income
Processing Account No. 900 9000 200 for further credit
to account G52963 in respect of principal in the amount
of ___________ and interest in the amount of ___________on
the Notes(2)
    
    All notices of payments and written confirmations of
wire transfers should be sent to:JPMorgan Chase Bank
14201 N. Dallas Parkway  13th Floor
Dallas, TX 75254-2917
Fax: 469-477-1904with a copy to:MONY Life Insurance Company
c/o Alliance Capital Management Inc.
1345 Avenue of the Americas  38th Floor
New York, NY 10105
Attn: Michael Maher, 38th Floor [Fax: 212-969-6715](3)
    
    Address for all other communications:MONY Life Insurance Company
c/o Alliance Capital Management Inc.
1345 Avenue of the Americas  38th Floor
New York, NY 10105(4)
    
    Tax Identification Number: 13-1632487
 
 A-9




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTHE VARIABLE ANNUITY LIFE INSURANCE
COMPANY
    
    $
    20,000,000(1)
    
    All payments by wire transfer of immediately available
funds to:The Bank of New York
     ABA# 021-000-018
     BNF Account#: IOC 566
     Credit to: The Variable Annuity Life Insurance Company-Private Placement
     Ref: PPN# 847220 C* 9 and Prin: $______ Int: $______Each such wire transfer shall set forth the name of the
Issuer, the full title (including the coupon rate,
issuance date and final maturity date) of the Notes on
account of which such payment is made, a reference to
the PPN 847220 C* 9 and the due date and application
(as among pr,incipal, premium, interest or other
amounts) of the payment being made.(2)
    
    Address for all notices in respect of payment:AIG Global Investment Group
c/o The Bank of New York
Attn: P&I Department
PO Box 19266
Newark, NJ 07195
Telephone: (718) 315-3026
Fax: (718) 315-3076(3)
    
    Duplicate payment notices and compliance information
to:The Variable Annuity Life Insurance Company 
Private Placement
AIG Global Investment Group
Attn: Private Placement Department
2929 Allen Parkway, A36-04
Houston, TX 77019-2155
Fax: 713-831-1072(4)
    
    All other correspondence to:
 A-10




---



##### 






Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedAIG Global Investment Group
Legal Department-Investment Management
2929 Allen Parkway, Suite A36-01
Houston, TX 77019-2155
Fax: 713-831-2328(5)
    
    Tax Identification No.: 74-1625348


A-11



---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTHE GUARDIAN LIFE INSURANCE COMPANY OF 
AMERICA
    
    $
    20,000,000(1)
    
    All payments on account of the Notes shall be made by
wire transfer of federal or other immediately
available funds, with sufficient information
(including interest rate and maturity) to identify the
issue to which the payment relates and the source and
application of such funds, including the amount of
principal, interest and premium and the PPN 847220 C*
9, to:JPMorgan Chase BankFED ABA #021000021CHASE/NYC/CTR/BNFA/C 900-9-000200Reference: A/C #G05978, Guardian Life
and the name and CUSIP for which payment is being
made(2)
    
    Address for all communications and notices:The Guardian Life Insurance Company of America7 Hanover SquareNew York, New York 10004-2616Attention: Thomas M. Donohue, Investment
Department 20-DFax No.: 212-919-2656/2658(4)
    
    Tax Identification No.: 13-5123390
 A-12




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedMASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
    
    $
    7,900,000(1)
    
    All scheduled payments of principal and interest by
wire transfer of immediately available funds to:Citibank, N.A.New York, NYABA No. 021000089- $2,500,000 -     For MassMutual Long-Term Pool
Account No. 30510669- $1,700,000 -     For MassMutual Pension Management
Account No. 30510538- $1,500,000 -     For MassMutual IFM Non-Traditional
Account No. 30510589- $1,200,000 -     For MassMutual Spot Priced Contract
Account No. 30510597- $1,000,000 -     For MassMutual Structured Settlement Fund
Account No. 30510634Re: Description of security, PPN 847220 C* 9,
principal and interest splitWith telephone advice of payment to the Securities
Custody and Collection Department of David L.
Babson & Company Inc. at (413) 226-1889/1803(2)
    
    Address for all notices in respect of payments:Massachusetts Mutual Life Insurance Companyc/o David L. Babson & Company Inc.1500 Main Street, Suite 800Springfield, MA 01115Attn: Securities Custody and Collection Department(3)
    
    Address for notices and all other communications:Massachusetts Mutual Life Insurance Companyc/o David L. Babson & Company Inc.1500 Main Street, Suite 2800Springfield, MA 01115Attn: Securities Investment Division(4)
    
    Tax Identification Number: 04-1590850
 A-13




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedC.M. LIFE INSURANCE COMPANY
    
    $
    2,100,000(1)
    
    All payments on account of the Notes shall be made by
crediting in the form of bank wire transfer of Federal
or other immediately available funds (identifying each
payment as [insert name of issuer and description of
Note[interest and principal), to,:Citibank, N.A.New York, NYABA No. 021000089For CM Life Segment 43 - Universal LifeAccount No. 30510546Re: Description of security, PPN 847220 C* 9,
principal and interest splitWith telephone advice of payment to the Securities
Custody and Collection Department of David L.
Babson & Company Inc. at (413) 226-1889/1803(2)
    
    Address for all notices in respect of payments:Massachusetts Mutual Life Insurance Companyc/o David L. Babson & Company Inc.1500 Main Street, Suite 800Springfield, MA 01115Attn: Securities Custody and Collection Department(3)
    
    Address for notices and all other communications:Massachusetts Mutual Life Insurance Companyc/o David L. Babson & Company Inc.1500 Main Street, Suite 2800Springfield, MA 01115Attn: Securities Investment Division(4)
    
    Tax Identification Number: 06-1041383
 A-14




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedTHE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
    
    $
    15,000,000(1)
    
    All payments by wire transfer of immediately
available funds to:US Bank777 East Wisconsin AvenueMilwaukee, WI 53202ABA #075000022For the account of:Northwestern Mutual LifeAccount No. 182380324521with sufficient information to identify the source of
the transfer, the amount of interest, principal or
premium, the series of Notes and the PPN(2)
    
    All notices of payments and written confirmations of
such wire transfers:The Northwestern Mutual Life Insurance Company720 East Wisconsin AvenueMilwaukee, WI 53202Attention: Investment OperationsFacsimile: (414) 625-6998(3)
    
    All other communications:The Northwestern Mutual Life Insurance Company720 East Wisconsin AvenueMilwaukee, WI 53202Attention: Securities DepartmentFacsimile: (414) 665-7124(4)
    
    Address for delivery of Notes:
 A-15




---



##### 



Principal Amount ofName and Address of Purchaser
    
    Notes to be PurchasedThe Northwestern Mutual Life Insurance Company720 East Wisconsin AvenueMilwaukee, WI 53202Attention: Abim Kolawole(5)
    
    Tax Identification Number: 39-0509570
 A-16




---



##### 



DEFINED TERMS
  Affiliate Control
 Anti-Terrorism Order
 Attributable Debt
 Borrowing Facility Indebtedness
 Business Day




---



##### 



Capital Lease
 Capitalized Lease Obligations
 Closing
 Code
 Company
 Confidential Information
 Consolidated Capitalization
 Consolidated Indebtedness
 Consolidated Interest Expense
 Consolidated Net Income
   B-2




---



##### 



Consolidated Net Worth
 Default
 Default Rate
 Domestic Subsidiary
 EBITDA
 Environmental Laws
 ERISA
 B-3




---



##### 



ERISA Affiliate
 Event of Default
 Exchange Act
 Existing Bank Credit Facilities
 Existing Bank Credit Facility
 GAAP
 Governmental Authority
     Guaranty
   B-4




---



##### 



Hazardous Material
 holder
 Indebtedness
        B-5




---



##### 



Institutional Investor
 Lien
 Make-Whole Amount
 Material
 Material Adverse Effect
 Maximum Amount
 Multiemployer Plan
 1995 Senior Notes
 1996 Senior Notes
 B-6




---



##### 



1997 Senior Notes
 Notes
 Officers Certificate
 Other Agreements
 Other Purchasers
 PBGC
 Person
 Plan
 Preferred Securities Agreements
 Preferred Stock
 property properties
 PTE
 B-7




---



##### 



QPAM Exemption
 Required Holders
 Responsible Officer
 Securities Act
 Senior Financial Officer
 Significant Subsidiary
 Spartech Canada
 Spartech Canada Bank Credit Facility
 Subsidiary
 Subsidiary Guarantee
 Subsidiary Guarantors
 Swaps
 B-8




---



##### 



Total Indebtedness to EBITDA Ratio
  USA Patriot Act 
 Voting Stock
 Wholly-Owned Subsidiary
 B-9




---



##### 



[FORM OF NOTE]
   No. R-[]
$[]
    
    New York, New York
[Date]
  Company
  Note Purchase
Agreements




---



##### 



SPARTECH CORPORATIONByTitle:




---



##### 



Guarantor Obligees
 Company Note Agreements Notes
   Guarantee
 et seq
  Guaranteed Obligations Debtor Relief Laws




---



##### 



Guarantee Absolute
      2




---



##### 



Waivers
      Waiver of Subrogation and Contribution
 Representations and Warranties
  3




---



##### 



Amendments, Etc
 Addresses for Notices
 No Waiver; Remedies
 4




---



##### 



Continuing Guarantee
 Jurisdiction and Process; Waiver of Jury Trial in personam in personam
    5




---



##### 



Payments Without Tax Withholding . Tax
 Gross-Up for Required Tax Withholding Taxing Jurisdiction Guarantee Additional Amounts
   6




---



##### 



Taxes Imposed by Means Other Than Withholding
 Tax Information Disclosure
 7




---



##### 



Reimbursement of Guarantee Additional Amounts by Holder
 Judgment Currency London Banking Day
 * Governing Law
 
 *
    
    Bracketed Sections 11 and 12 to be inserted if the
Guarantor is a Subsidiary with a jurisdiction of incorporation outside the
United States. 8




---



##### 



[GUARANTOR]ByTitle:Address:Attention:Telephone:Telecopy:
 9




---



##### 








---



##### 



Re:
    
    Spartech Corporation
5.54% Senior Notes due 2016




---



##### 



2




---



##### 



3




---



##### 



1.
    
    Form 10-K for the year ended November 1, 2003.2.
    
    Annual Report to Shareholders for the year ended November 1, 2003.3.
    
    Form 10-Q for the quarter ended January 31, 2004.4.
    
    Form 10-Q for the quarter ended May 1, 2004.5.
    
    Form 10-Q for the quarter ended July 31, 20046.
    
    Proxy Statement dated January 23, 2004, for the 2004 Annual Meeting held March 10, 2004.7.
    
    Form 8-K dated January 19, 2004, filed with the Securities and Exchange Commission January
20, 2004.8.
    
    Form 8-K dated January 28, 2004, filed with the Securities and Exchange Commission March 11,
2004.9.
    
    Form 8-K dated March 4, 2004, filed with the Securities and Exchange Commission March 4,
2004.10.
    
    Form 8-K dated May 11, 2004, filed with the Securities and Exchange Commission May 11, 2004.11.
    
    Form 8-K dated June 3, 2004, filed with the Securities and Exchange Commission June 3, 2004.12.
    
    Form 8-K dated September 2, 2004, filed with the Securities and Exchange Commission September
2, 2004.13.
    
    Form 8-K dated September 1, 2004, filed with the Securities and Exchange Commission September
7, 2004.14.
    
    Form 8-K dated September 1, 2004, filed with the Securities and Exchange Commission September
8, 2004.




---



##### 



Subsidiaries
 Jurisdiction of
    
    Significant
    
    Subsidiary
    
    Direct
    
    Directors/Name
    
    Organization
    
    Subsidiary
    
    Guarantor
    
    Ownership
    
    Managers
    
    OfficersActive Subsidiaries  DomesticAtlas Alchem Plastics, Inc.
    
    Delaware
    
    
    X
    
    
    
    X
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (1
    )Alchem Plastics Corporation
    
    Georgia
    
    
    X
    
    
    
    X
    
    
    
    (b
    )
    
    
    (I)
    
    
    
    (1
    )TKM Holdings, L.L.C.
    
    Missouri
    
    
    X
    *
    
    
    
    
    
    
    (b
    )
    
    
    N/A
    
    
    
    (1
    )TKM Management, Inc.
    
    Missouri
    
    
    
    
    
    
    
    
    
    
    (b
    )
    
    
    (I)
    
    
    
    (1
    )TKM Plastics, L.P.
    
    Missouri
    
    
    X
    
    
    
    X
    
    
    
    (c
    )
    
    
    N/A
    
    
    
    (1
    )Alchem Plastics, Inc.
    
    Delaware
    
    
    X
    
    
    
    X
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (1
    )Spartech Plastics, LLC
    
    Delaware
    
    
    X
    
    
    
    X
    
    
    
    (a
    )
    
    
    N/A
    
    
    
    (1
    )Spartech SPD, LLC
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (d
    )
    
    
    (I)
    
    
    
    (1
    )PEPAC Holdings, Inc.
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (a
    )
    
    (II)
    
    
    (3
    )Polymer Extruded Products, Inc.
    
    New Jersey
    
    
    
    
    
    
    X
    
    
    
    (e
    )
    
    (II)
    
    
    (3
    )Spartech Mexico Holding Company
    
    Missouri
    
    
    
    
    
    
    X
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (4
    )Spartech Mexico Holding Company Two
    
    Missouri
    
    
    
    
    
    
    X
    
    
    
    (f
    )
    
    
    (I)
    
    
    
    (4
    )Spartech Mexico Holdings, LLC
    
    Missouri
    
    
    
    
    
    
    X
    
    
    
    (f
    )
    
    
    N/A
    
    
    
    (4
    )Spartech Polycast, Inc.
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (2
    )Spartech Townsend, Inc.
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (g
    )
    
    
    (I)
    
    
    
    (2
    )Spartech Industries Florida, Inc.
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (g
    )
    
    
    (I)
    
    
    
    (4
    )Spartech Polycom, Inc.
    
    Pennsylvania
    
    
    X
    
    
    
    X
    
    
    
    (a
    )
    
    (II)
    
    
    (3
    )Spartech CMD, LLC
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (d
    )
    
    (II)
    
    
    (3
    )Spartech FCD, LLC
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (h
    )
    
    (II)
    
    
    (3
    )GWB Plastics Holding Co.
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (i
    )
    
    (II)
    
    
    (3
    )UVTEC Holdings, Inc.
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (j
    )
    
    (II)
    
    
    (3
    )UVTEC General, LLC
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (k
    )
    
    (II)
    
    
    (3
    )UVTEC, L.P.
    
    Texas
    
    
    
    
    
    
    X
    
    
    
    (l
    )
    
    
    N/A
    
    
    
    (3
    )Franklin-Burlington Plastics, Inc.
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (a
    )
    
    (II)
    
    
    (3
    )Spartech Industries, Inc.
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (4
    )Anjac-Doron Plastics, Inc.
    
    Delaware
    
    
    
    
    
    
    X
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (4
    )Active Subsidiaries  ForeignSpartech Canada, Inc.
    
    New Brunswick
    
    
    X
    
    
    
    
    
    
    
    (a
    )
    
    
    (I)
    
    
    
    (4
    )Spartech de México Holding Company, S. de R.L. de C.V.
    
    Mexico
    
    
    
    
    
    
    
    
    
    
    (m
    )
    
    (III)
    
    
    (5
    )Spartech de México, S.A. de C.V.
    
    Mexico
    
    
    
    
    
    
    
    
    
    
    (n
    )
    
    (III)
    
    
    (5
    )Industrias Spartech de México, 
S. de R.L. de C.V.
    
    Mexico
    
    
    
    
    
    
    
    
    
    
    (o
    )
    
    (III)
    
    
    (5
    )Prestadora de Servicios Industriales de Personal, S.A. de C.V.
    
    Mexico
    
    
    
    
    
    
    
    
    
    
    (p
    )
    
    (III)
    
    
    (5
    )Prestadora de Servicios Industriales del Noreste, S.A. de C.V.
    
    Mexico
    
    
    
    
    
    
    
    
    
    
    (p
    )
    
    (III)
    
    
    (5
    )Spartech Polycom, S.A.S.
    
    France
    
    
    
    
    
    
    
    
    
    
    (i
    )
    
    (III)
    
    
    (6
    )Inactive SubsidiariesAdams Plastics Co.
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (a
    )
    
    None
    
    NoneKoenig Plastics, Inc.
    
    Texas
    
    
    
    
    
    
    
    
    
    
    (a
    )
    
    (II)
    
    
    (7
    )Nestoc Corporation
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (b
    )
    
    (II)
    
    
    (7
    )Spartan Equipment Co.
    
    Delaware
    
    
    
    
    
    
    
    
    
    
    (i
    )
    
    (II)
    
    
    (7
    )Alshin Tire Corporation
    
    California
    
    
    
    
    
    
    
    
    
    
    (q
    )
    
    
    (I)
    
    
    
    (4
    )X-Core, LLC
    
    California
    
    
    
    
    
    
    
    
    
    
    (q
    )
    
    
    N/A
    
    
    
    (4
    )




---



##### 



Note to Significant Subsidiary Column
 *
    
    Solely by virtue of sales/assets of subsidiary entity
 Notes to Direct Ownership Column
 (a)
    
    100% owned by Spartech Corporation(b)
    
    100% owned by Atlas Alchem Plastics, Inc.(c)
    
    99% owned by TKM Holdings, L.L.C. (limited partner), 1% owned by TKM Management, Inc.
(general partner)(d)
    
    100% owned by Spartech Plastics, LLC(e)
    
    100% owned by PEPAC Holdings, Inc.(f)
    
    100% owned by Spartech Mexico Holding Company(g)
    
    100% owned by Spartech Polycast, Inc.(h)
    
    100% owned by Polymer Extruded Products, Inc.(i)
    
    100% owned by Spartech Polycom, Inc.(j)
    
    100% owned by GWB Plastics Holding Co.(k)
    
    100% owned by UVTEC Holdings, Inc.(l)
    
    99% owned by UVTEC Holdings, Inc. (limited partner), 1% owned by UVTEC General, LLC
(general partner)(m)
    
    99% owned by Spartech Mexico Holding Company, 1% owned by Spartech Mexico Holdings,
LLC(n)
    
    99% owned by Spartech Mexico Holding Company, 1% owned by Spartech Mexico Holding
Company Two(o)
    
    99.98% owned by Spartech de México, S.A. de C.V., 0.02% owned by Spartech Mexico
Holding Company(p)
    
    99% owned by Spartech de México Holding Company, S. de R.L. de C.V., 1% owned by
Spartech Mexico Holding Company Two(q)
    
    100% owned by Spartech Industries, Inc.
 Notes to Directors/Managers Column
 Abbreviations:GAA=George A. Abd; SJP=Steven J. Ploeger; RCM=Randy C. Martin(I)
    
    GAA, SJP(II)
    
    GAA, RCM(III)
    
    GAA, SJP, RCM
 Notes to Officers Column
 Abbreviations:
    
    GAA=George A. Abd; SJP=Steven J. Ploeger; RCM=Randy C. Martin; DG=David Gorenc; 
GN=Greg Nagel; SM=Scott Morford; JDF=Jeffrey D. Fisher
 (1)
    
    President/CEO: GAA; VP/CFO: RCM; Exec.VP:SJP; VPs:GN, DG; Secretary: JDF(2)
    
    President/CEO: GAA; VP/CFO: RCM; Exec.VP: SJP; VP:GN; Secretary: JDF(3)
    
    President/CEO: GAA; VP/CFO: RCM; VP:SM; Secretary: JDF(4)
    
    President/CEO: GAA; VP/CFO: RCM; Exec.VP: SJP; Secretary: JDF(5)
    
    Chairman:GAA; Treasurer:RCM(6)
    
    President: SM(7)
    
    President/CEO: GAA; VP/CFO: RCM; Secretary: JDF
 2




---



##### 



1.
    
    Unaudited Consolidated Condensed Balance Sheet, Statement of Operations and Statement of Cash
Flows (Condensed Financial Statements) for the quarter ended July 31, 2004.2.
    
    Unaudited Condensed Financial Statements for the quarter ended July 31, 2004.3.
    
    Consolidated Balance Sheet, Statement of Operations and Statement of Cash Flows (Financial
Statements) for the year ended November 1, 2003, audited by Ernst & Young, LLP.4.
    
    Financial Statements for the year ended November 1, 2003 audited by Ernst & Young, LLP.5.
    
    Financial Statements for the year ended November 2, 2002 audited by Ernst & Young, LLP.6.
    
    Financial Statements for the year ended November 3, 2001 audited by Arthur Andersen, LLP.7.
    
    Financial Statements for the year ended October 28, 2000 audited by Arthur Andersen, LLP.8.
    
    Financial Statements for the year ended October 30, 1999 audited by Arthur Andersen, LLP.




---



##### 








---



##### 








---



##### 



Jurisdiction ofName
    
    Organization
    
    Guarantor(a) Domestic Subsidiaries (Excluding Inactive Subsidiaries)Atlas Alchem Plastics, Inc.
    
    Delaware
    
    XAlchem Plastics Corporation
    
    Georgia
    
    XTKM Holdings, L.L.C.
    
    MissouriTKM Management, Inc.
    
    MissouriTKM Plastics, L.P.
    
    Missouri
    
    XAlchem Plastics, Inc.
    
    Delaware
    
    XSpartech Plastics, LLC
    
    Delaware
    
    XSpartech SPD, LLC
    
    Delaware
    
    XSpartech CMD, LLC
    
    Delaware
    
    XSpartech Polycast, Inc.
    
    Delaware
    
    XSpartech Townsend, Inc.
    
    Delaware
    
    XSpartech Industries Florida, Inc.
    
    Delaware
    
    XSpartech Industries, Inc.
    
    Delaware
    
    XAnjac-Doron Plastics, Inc.
    
    Delaware
    
    XPEPAC Holdings, Inc.
    
    DelawarePolymer Extruded Products, Inc.
    
    New Jersey
    
    XSpartech FCD, LLC
    
    Delaware
    
    XFranklin-Burlington Plastics, Inc.
    
    Delaware
    
    X




---



##### 



Jurisdiction ofName
    
    Organization
    
    GuarantorSpartech Polycom, Inc.
    
    Pennsylvania
    
    XGWB Plastics Holding Co.
    
    DelawareUVTEC Holdings, Inc.
    
    DelawareUVTEC General, LLC
    
    DelawareUVTEC, L.P.
    
    Texas
    
    XSpartech Mexico Holding Company
    
    Missouri
    
    XSpartech Mexico Holding Company Two
    
    Missouri
    
    XSpartech Mexico Holdings, LLC
    
    Missouri
    
    X
 2




---



##### 



Name
    
    Organization(b)Foreign SubsidiariesSpartech Canada, Inc.
    
    New BrunswickSpartech de México Holding Company, S. de R.L. de C.V.
    
    MexicoSpartech de México, S.A. de C.V.
    
    MexicoPrestadora de Servicios Industriales de Personal, S.A. de C.V.
    
    MexicoIndustriales Spartech de México, S. de R.L. de C.V.
    
    MexicoPrestadora de Servicios Industriales de Personal, S.A. de C.V.
    
    MexicoSpartech Polycom, S.A.S.
    
    France(c)Inactive SubsidiariesAdams Plastics Co.
    
    DelawareKoenig Plastics, Inc.
    
    TexasNestoc Corporation
    
    DelawareSpartan Equipment Co.
    
    DelawareAlshin Tire Corporation
    
    CaliforniaX-Core, LLC
    
    California(d) Other Equity Investments (excluding Spartech Capital Trusts)Plastic Recycling Center, LLC (50% owned)
    
    South Carolina
 3




---



##### 



Indebtedness
    
    AmountThird Amended and Restated Credit Agreement dated March 3,
2004 among Spartech Corporation as the Borrower, Bank of
America, N.A., as Administrative Agent and L/C Issuer and
the other lenders party hereto
    
    $
    200,000,000Amended and Restated Credit Agreement dated as of April 27,
2004 between Spartech Canada, Inc. and Bank of America,
N.A. (Canada Branch)
    

    $
    10,000,000CAD7.21% Senior Unsecured Notes, Due August 15, 2005
    
    $
    7,142,8587.62% Guaranteed Unsecured Notes, Due September 27, 2006
    
    $
    12,857,1437% Senior Unsecured Notes, Due August 22, 2007
    
    $
    19,285,7146.5% Convertible Subordinated Debentures, Due March 31, 2014
    
    $
    51,546,4007% Convertible Subordinated Debentures, Due March 31, 2015
    
    $
    103,092,800Lake Charles Harbor and Terminal District Revenue Bonds
    
    $
    8,000,000Spartech Corporation guarantee to the Chamber of Commerce
and Industry of Les Ardennes for Spartech Polycom S.A.S.
repayment of the financing by the Chamber of Commerce
    
    $
    4,528,000Spartech Corporation guarantee to the Societe Generale for
the guarantee of the Societe Generale to the Chamber of
Commerce and Industry of Les Ardennes on behalf of Spartech
Polycom S.A.S.
    
    $
    1,132,000