AMENDED AND RESTATED SECURITY AGREEMENT
 Agreement Debtor Debtors PNC Collateral Agent
 BACKGROUND
 Prior Security Agreement
 Credit
Agreement Bank
Notes
 Noteholders Note Agreement Senior Notes




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Subsidiary Guarantor Subsidiary Guarantors Lender Guaranty Agreements Noteholder Guaranty Agreement
 Intercreditor
Agreement
  SECTION 1  DEFINITIONS
  2




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Accession
 Account Debtor
 Accounts
 Administrative Agent
 Affiliate Control Controlling Controlled
 Agreement
 As-Extracted Collateral
 3




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Chattel Paper
 Code
 Collateral
 Commercial Tort Claim
 Commodity Account
 Commodity Contract
 Commodity Customer
 Commodity Intermediary
 Contracts
 Copyright Collateral Schedule 2
 Copyrights
 Debtor Relief Laws
 4




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Default
 Deposit Account
 Document
 Domestic Subsidiary
 Entitlement Holder
 Equipment
 Equity Interest
 Equity Rights
 Event of Default
 Facilities Facility
 5




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Financial Asset
 Financing Documents
 Foreign Subsidiary
 GAAP
 General Intangibles
 6




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Goods
 Governmental Authority
 Instruments
 Intellectual Property Schedule 5
 Interest Rate Hedge
 Inventory
 7




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Investment Property
 Issuers Schedule 1 Issuers
 Laws
 L/C Issuer
 Lenders Schedule
1.1(B)
 Lender Provided Interest Rate Hedge
 Letter-of-Credit Right
 Lien
 8




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LLC Interests
 LLCs Schedule 1 LLCs
 Majority Creditors
 Material Adverse Effect
 Maximum Rate
 Motor Vehicles
 Other Lender Provided Financial Service Product
 9




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Partnership Interests
 Partnerships Schedule 1 Partnerships
 Patent Collateral Schedule 3
 Patents
 Payment Intangible
 Permitted Licenses
 Person
 Pledged Interests
 10




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Pledged Obligations
 Pledged Shares
 Pledged Stock Schedule 1 provided, however
 Proceeds
 Rights
 Senior Secured Obligations
 Secured Party Secured Parties provided
 11




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Securities Account
 Securities Act
 Securities Entitlements
 Securities Intermediary
 Security
 Security Documents
 Software
 Stock and Interests Collateral
 Subsidiary
 12




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Subsidiary Subsidiaries
 Supporting Obligations
 Trademark Collateral Schedule 4
 Trademarks
 Tribunal
 UCC
 Voting Equity Interests
 Voting Rights
 SECTION 2  DEBTORS REMAIN LIABLE
  13




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SECTION 3  COLLATERAL; REGISTRATION OF PLEDGE; ACKNOWLEDGMENTS;  DELIVERY OF PLEDGED SHARES AND PLEDGED OBLIGATIONS
 Collateral
                   14




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Stock Certificates
 15




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Financing Statements; Registration; Certificates
 Instruments provided, however
 Updated Schedules Schedule 1
 16




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Schedule 1
 SECTION 4  SPECIAL PROVISIONS CONCERNING TRADEMARKS
 Representations and Warranties Schedule 4 Schedule 4
 Licenses and Assignments Schedule 5
 Infringements
 Preservation of Trademarks
 Maintenance of Registration
 17




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et seq
 Future Registered Trademarks
 Remedies
 SECTION 5  SPECIAL PROVISIONS CONCERNING PATENTS
 Representations and Warranties Schedule 3
 18




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Licenses and Assignments Schedule 5
 Infringements
 Maintenance of Patents
 Prosecution of Patent Application Schedule 3
 Other Patents
 Remedies
 19




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SECTION 6  SPECIAL PROVISIONS CONCERNING COPYRIGHTS
 Representations and Warranties Schedule 2 Schedule 2
 Licenses and Assignments Schedule 5
 Infringements
 Preservation of Copyrights
 Maintenance of Registration
 20




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Future Registered Copyrights
 Remedies
 SECTION 7  REPRESENTATIONS AND WARRANTIES
  Organization; Powers
 Collateral
 21




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Pledged Stock Schedule 1
 Ownership of Pledged Stock Schedule 1 Schedule 1
 Intellectual Property Agreements Schedule 5 Schedule 2 Schedule 3 Schedule 4
 Intellectual Property Proceedings Schedules 2 3 4
 22




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Fair Labor Standards
 Pledged Interests Schedule 1 Schedule 1
 Inventory, Equipment, Pledged Obligations Schedule 6
 Not Margin Stock
 No Liens
 Perfection Schedule 7
 23




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Principal Place of Business; State of Registration; Debtors Names Schedule 8
 Governmental Approvals Schedule 14
 No Restrictions
 Voting Agreements
 Pledged Interests; Legal Matters
 Accounts
 24




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Trade Names Schedule 9
 Deposit Accounts Schedule 10
 Commodity Accounts Schedule 11
 Securities Accounts Schedule 12
 Letters of Credit Schedule 13
 Organizational Identification Numbers Schedule 15
 SECTION 8  COVENANTS
  Maintenance
 25




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Encumbrances
 Modification of Collateral
 Disposition of Collateral
 Further Assurances
 26




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Risk of Loss; Insurance
 Inspection Rights
 Landlords Waivers or Subordinations
 Notification
 27




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Corporate Changes
 Books and Records; Information
 Location of Collateral
 Warehouse Receipts Non-Negotiable
 Collection of Accounts
 28




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Preservation of Security Interest and Other Perfection
   Schedules 2 3 4
 29




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Special Provisions Relating to Certain Collateral
 Pledged Shares and Pledged Obligations
  Voting
Rights provided, however
  30




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Intellectual Property
   31




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Motor Vehicles
 Deposit Accounts, Commodity Accounts, Securities Accounts and Letter-of-Credit
Rights Schedule 10 Schedule 11 Schedule 12 Schedule 11 Schedule 12
 As-Extracted Collateral
 Fraudulent Conveyances
 32




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fraudulent conveyance
 SECTION 9  RIGHTS OF COLLATERAL AGENT
 POWER OF ATTORNEY
     33




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Certain Covenants and Rights Regarding the Collateral
  34




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Performance by Collateral Agent
 35




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Subrogation
 Collateral Agents Duty of Care
 Assignment by Collateral Agent
 SECTION 10  DEFAULT
 Rights and Remedies
  36




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Application of Proceeds of Sale
 Disclaimer of Warranties
 37




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Non-cash Proceeds
 Irrevocable Authorization and Instruction to Issuers, LLCs and Partnerships
 SECTION 11  MISCELLANEOUS
 No Waiver; Cumulative Remedies
 Successors and Assigns
 AMENDMENT; ENTIRE AGREEMENT; CONTROLLING AGREEMENT
 Notices
 38




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Governing Law; Jurisdiction; Venue
 GOVERNING LAW
 SUBMISSION TO JURISDICTION
 WAIVER OF VENUE
 39




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Waiver of Jury Trial
 Headings
 Survival of Representations and Warranties
 Counterparts
 Waiver of Bond
 Severability
 Construction
 Obligation Absolute
 40




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Collateral Agent Not a Member or Partner
 Release of Security Interest
 Payment of Fees and Expenses
 Additional Debtors Joinder
 41




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[Remainder of page intentionally blank]
 42




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DEBTORS:
SPARTECH CORPORATIONBy: Address:
    
    120 South Central
Clayton, Missouri 63105Fax No.:
    
    314-721-1543Phone No.:
    
    314-721-4242Email:
    
    randy.martin@spartech.comAttn:
    
    Randy C. MartinOrganizational Identification Number: 0676806
 43




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By:Randy C. MartinVice President for all of the above Address:
    
    c/o Spartech Corporation
120 South Central
Clayton, Missouri 63105Fax No.:
    
    314-721-1543Phone No.:
    
    314-721-4242Email:
    
    randy.martin@spartech.comAttn:
    
    Randy C. Martin
 44




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COLLATERAL AGENT:
PNC BANK, NATIONAL ASSOCIATION, as 
Collateral AgentBy:Name:Title: 
  
 45




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SECURITY AGREEMENT JOINDER
 Joinder Security Agreement Debtor Debtors
 BACKGROUND.
  AGREEMENT.
  Joinder
 Assignment and Grant of Security Interest
 Representations and Warranties
 46




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Notices
 Governing Law
 Full Force of Security Agreement
 Schedules
 Severability
 Counterparts
 ENTIRE AGREEMENT
 THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.
 47




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By:Print Name:Print Title: ACCEPTED BY:COLLATERAL AGENT:
PNC BANK, NATIONAL ASSOCIATIONBy:Name:Title: 48