Document:

Exhibit 4.15

 

 

REGISTRATION RIGHTS AGREEMENT OF

 

DAYTON SUPERIOR CORPORATION

 

 

NOVEMBER 28, 2006

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  SECTION 1.

  	
  REGISTRATION RIGHTS

  	
  1

  
	
   

  	
   

  	
   

  
	
  SECTION 2.

  	
  DURATION OF AGREEMENT

  	
  9

  
	
   

  	
   

  	
   

  
	
  SECTION 3.

  	
  DEFINITIONS

  	
  9

  
	
   

  	
   

  	
   

  
	
  SECTION 4.

  	
  MISCELLANEOUS

  	
  11

  

 

 

DAYTON SUPERIOR CORPORATION

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION
RIGHTS AGREEMENT  (the “Agreement”) is made and effective as of
November 28, 2006, among Dayton Superior Corporation, an Ohio corporation (the “Company”), Odyssey Investment
Partners Fund, LP, a Delaware limited partnership (the “Odyssey
Fund”), Odyssey Coinvestors, LLC, a Delaware limited liability
company (“Odyssey Coinvestors”), DS
Coinvestment I, LLC, a Delaware limited liability company (“Odyssey Coinvest I”), and DS
Coinvestment II, LLC, a Delaware limited liability company (“Odyssey Coinvest II”) and any other
subsequent holder of Shares who agrees to be bound by the terms of this
Agreement. The Company and the Holders are sometimes referred to herein individually
by name or as a “Party” and
collectively as the “Parties”,
and the Odyssey Fund, Odyssey Coinvestors, Odyssey Coinvest I and Odyssey
Coinvest II, together with any subsequent stockholders which become parties
hereto, are sometimes referred to herein as a “Holder” and
collectively as the “Holders”. The
meaning of certain capitalized terms used herein are set forth in Section 3
hereto.

 

RECITALS

 

WHEREAS, the
Company is proposing to sell shares of the Company’s common stock, no par value
per share (the “Common Stock”),
to the public in an initial public offering (“Initial Public Offering”);

 

NOW, THEREFORE, in
consideration of the foregoing, and the mutual agreements set forth herein and
other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, the Parties hereto, intending to be legally bound, hereby
agree as follows:

 

AGREEMENT

 

SECTION 1.                            REGISTRATION RIGHTS

 

(a)                                  Demand
Registrations.

 

(i)                                     Right
to Demand Registration. The Holders shall each have the right at any time
to make a written request of the Company for registration (any such request, a “Stockholder Demand”) with the
Securities and Exchange Commission (the “Commission”),
under and in accordance with the provisions of the Securities Act, of all or
part of the Registrable Shares held of record and beneficially by such Holders (each
a “Demand Registration” and such Holders,
the “Demanding Holder”); provided
that (x) the Company need not effect a Demand Registration of less than $10
million of gross proceeds, and (y) the Company may defer such Demand
Registration for a single period not to exceed ninety (90) days during any
1-year period if the Board of Directors of the Company (the “Board”) determines in the exercise
of its reasonable judgment that to effect such Demand Registration at such time
would have a material adverse effect on the Company, including interfering with
any pending or potential acquisition, disposition or

 

 

 

securities offering of
the Company. Within ten (10) days after receipt of the request for a Demand
Registration, the Company will send written notice (the “Demand
Notice”) of such registration request and its intention to
comply therewith to all holders of Registrable Shares and, subject to
subsection (iii) below, the Company will include in such registration all
the Registrable Shares with respect to which the Company has received written
requests for inclusion therein within twenty (20) Business Days after the date
such Demand Notice is given. All requests made pursuant to this subsection (i)
will specify the aggregate number of Registrable Shares requested to be
registered and will also specify the intended methods of disposition thereof. Upon
receipt of a Stockholder Demand, the Company shall use its commercially
reasonable efforts to effect registration of the Registrable Shares to be
registered in accordance with the intended method of distribution specified in
writing by the Demanding Holder as soon as practicable and to maintain the
effectiveness of such registration for a period of ninety (90) days. If
available to the Company, the Company will effect such registration on
Form S-3 or an equivalent form and, if requested by the Demanding Holder,
such registration will be a “shelf” registration statement providing for the
registration of, and the sale on a continuous or delayed basis of the
Registrable Shares, pursuant to Rule 415 or any similar rule that may be
adopted by the Commission, in either which event the Company shall use its
commercially reasonable efforts to maintain the effectiveness of such
registration for a period of one-hundred and eighty (180) days; provided,
however, that the Company shall not effect a registration on Form S-3 or
an equivalent form if the managing underwriter or underwriters determine that
using a different registration form is in the best Interests of the Company
and/or the Demanding Holder and other holders.

 

(ii)                                  Number
of Demand Registrations.   Prior
to such time as the Company is eligible to register securities on Form S-3
under the Securities Act, each of the Holders shall be entitled to up to, but
no more than, three (3) Stockholder Demands. After such time as the Company is
eligible to register securities on Form S-3 under the Securities Act, each of
the Holders shall be entitled to unlimited Stockholder Demands.

 

(iii)                               Priority
on Demand Registrations.  If in any Demand Registration the managing
underwriter or underwriters thereof (or in the case of a Demand Registration
not being underwritten, the Demanding Holder after consultation with an investment
banker of nationally recognized standing), advise the Company in writing that
in its or their reasonable opinion the number of securities proposed to be sold
in such Demand Registration exceeds the number that can be sold in such
offering without having a material adverse effect on the success of the
offering (including, without limitation, an impact on the selling price), the
Company will include in such registration only the number of securities that,
in the reasonable opinion of such underwriter or underwriters (or the Demanding
Holder, as the case may be) can be sold without having a material adverse
effect on the success of the offering, as follows:  first, the securities which the Holders,
including the Demanding Holder(s) (pro rata among all such Holders on the basis
of the relative percentage of Registrable Shares owned by all Holders who have
requested that securities owned by them be so included), propose to sell, and
second, the securities of any additional holders of the Company’s securities
eligible to participate in

 

2

 

such offering, pro rata
among all such Persons on the basis of the relative percentage of such
securities held by each of them. In the event that the managing underwriter or
Demanding Holder determines that additional Registrable Shares may be sold in
any Demand Registration without having a material adverse effect on the success
of the offering, the Company may include comparable securities to be issued and
sold by the Company or comparable securities held by Persons other than the
Parties.

 

(iv)                              Selection
of Underwriters.  If a Demand Registration is to be an underwritten
offering, the holders of a majority of the Registrable Shares to be included in
such Demand Registration will select a managing underwriter or underwriters of
recognized national standing to administer the offering, which managing
underwriter or underwriters shall be reasonably acceptable to the Company.

 

(b)                                 Piggyback
Registrations. If the Company at any time proposes to register under the
Securities Act any Shares or any security convertible into or exchangeable or
exercisable for Shares, whether or not for sale for its own account and other
than pursuant to a Demand Registration, on a form and in a manner which would
permit registration of the Registrable Shares held by a Holder for sale to the
public under the Securities Act, the Company shall give written notice of the
proposed registration to each Holder not later than thirty (30) days prior to
the filing thereof. Each Holder shall have the right to request that all or any
part of its Registrable Shares be included in such registration. Each Holder
can make such a request by giving written notice to the Company within ten (10)
Business Days after the giving of such notice by the Company; provided, however,
that if the registration is an underwritten registration and the managing
underwriters of such offering determine that the aggregate amount of securities
of the Company which the Company and all Holders propose to include in such
Registration Statement exceeds the maximum amount of securities that may be
sold without having a material adverse effect on the success of the offering,
including, without limitation the selling price and other terms of such
offering, the Company will include in such registration, first, the securities
which the Company proposes to sell, second, the Registrable Shares of such Holders,
pro rata among all such Holders on the basis of the relative percentage of
Registrable Shares owned by all Holders who have requested that securities
owned by them be so included (it being further agreed and understood, however,
that such underwriters shall have the right to eliminate entirely the
participation of the Holders), and third, the comparable securities of any
additional holders of the Company’s securities, pro rata among all such holders
on the basis of the relative percentage of such securities held by each of them.
Registrable Shares proposed to be registered and sold pursuant to an underwritten
offering for the account of any Holder shall be sold to the prospective
underwriters selected or approved by the Company and on the terms and subject
to the conditions of one or more underwriting agreements negotiated between the
Company and the prospective underwriters. Any Holder who holds Registrable
Shares being registered in any offering shall have the right to receive a copy
of the form of underwriting agreement and shall have an opportunity to hold
discussions with the lead underwriter of the terms of such underwriting
agreement. The Company may withdraw any Registration Statement at any time
before it becomes effective, or postpone or terminate the offering of
securities, without obligation or liability to any Holder.

 

3

 

(c)                                  Holdback
Agreements. Notwithstanding any other provision of this Section 1, each Holder
agrees that (if so required by the underwriters in an underwritten offering and
provided that such condition is applicable to all Holders) it will not
(and it shall be a condition to the rights of each Holder under this Section 1
that such Holder does not) offer for Public Sale any Shares during a period not
to exceed sixty (60) days prior to and one-hundred and eighty (180) days after
the effective date of any Registration Statement filed by the Company in
connection with an underwritten public offering (except as part of such
underwritten registration or as otherwise permitted by such underwriters); provided,
however, no Holder shall object to shortening such period if the
underwriter agrees that shortening such period would not materially and
adversely effect the success of the offering.

 

(d)                                 Expenses.
Except as otherwise required by state securities or blue sky laws or the rules
and regulations promulgated thereunder, all expenses, disbursements and fees
incurred by the Company and the Holders in connection with any registration
under this Section 1 shall be borne by the Company, except that the following
expenses shall be borne by the Holders incurring the same: (i) the costs and
expenses of counsel to such Holder to the extent such Holder retains counsel
(except the costs of one counsel for all Holders to the extent retained, which
shall be borne by the Company); (ii) discounts, commissions, fees or
similar compensation owing to underwriters, selling brokers, dealer managers or
other industry professionals, to the extent relating to the distribution or
sale of such Holder’s securities; (iii) transfer taxes with respect to the
securities sold by such Holder; and (iv) other expenses incurred by such Holder
and incidental to the sale and delivery of the securities to be sold by such Holder.

 

(e)                                  Registration
Procedures. In connection with any registration of Registrable Shares under
the Securities Act pursuant to this Agreement, the Company will consult with
each Holder whose equity interest is to be included in any such registration
concerning the form of underwriting agreement, shall provide to such Holder the
form of underwriting agreement prior to the Company’s execution thereof and
shall provide to such Holder and its representatives such other documents
(including comments by the Commission on the Registration Statement) as such Holder
shall reasonably request in connection with its participation in such
registration. The Company will furnish each Holder whose Registrable Shares are
registered thereunder and each underwriter, if any, with a copy of the
Registration Statement and all amendments thereto and will supply each such Holder
and each underwriter, if any, with copies of any prospectus included therein
(including a preliminary prospectus and all amendments and supplements
thereto), in such quantities as may be reasonably necessary for the purposes of
the proposed sale or distribution covered by such registration. The Company
shall not, however, be required to maintain the Registration Statement
effective or to supply copies of a prospectus for a period beyond ninety (90)
days after the effective date of such Registration Statement (or such longer
period as is otherwise set forth herein or agreed to by the Company) and, at
the end of such period, the Company may deregister any securities covered by
such Registration Statement and not then sold or distributed. In the event that
the Company prepares and files with the Commission a registration statement on
any appropriate form under the Securities Act (a “Registration
Statement”) providing for the sale of Registrable Shares held by
any Holder pursuant to its obligations under this Section 1, the Company will:

 

4

 

(i)                                     upon
filing a Registration Statement or any prospectus related thereto (a “Prospectus”) or any amendments or
supplements thereto, furnish to the Holders whose Registrable Shares are
covered by such Registration Statement and the underwriters, if any, copies of
all such documents;

 

(ii)                                  prepare
and file with the Commission such amendments and post-effective amendments to
the Registration Statement as may be necessary to keep such Registration
Statement effective for the ninety (90) day period referenced in Section 1(e);
cause the related Prospectus to be supplemented by any required Prospectus
supplement, and as so supplemented, to be filed pursuant to Rule 424 under the
Securities Act; and, comply with the provisions of the Securities Act with
respect to the disposition of all securities covered by such Registration
Statement during the applicable period in accordance with the intended methods
of disposition by the sellers thereof set forth in such Registration Statement
or supplement to such Prospectus;

 

(iii)                               promptly
notify the Holders and the managing underwriters, if any, and (if requested by
any such Person or entity) confirm such advice in writing, (A) when a
Prospectus or any Prospectus supplement or post-effective amendment has been
filed, and, with respect to a Registration Statement or any post-effective
amendment, when the same has become effective, (B) of any request by the
Commission or any state securities commission for amendments or supplements to
a Registration Statement or related Prospectus or for additional information,
(C) of the issuance by the Commission or any state securities commission of any
stop order suspending the effectiveness of a Registration Statement or the
initiation of any proceedings for that purpose, (D) of the receipt by the
Company of any notification with respect to the suspension of the qualification
of any of the Registrable Shares for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose, and (E) of the
existence of any fact which results in a Registration Statement, a Prospectus
or any document incorporated therein by reference containing an untrue
statement of a material fact or omitting to state a material fact required to
be stated therein or necessary to make the statements therein not misleading;

 

(iv)                              use
its commercially reasonable efforts to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement;

 

(v)                                 if
requested by the managing underwriters or a Holder, promptly incorporate in a
Prospectus supplement or post-effective amendment such information as the
managing underwriters or the Holders holding a majority of the Registrable
Shares being sold by Holders agree should be included therein relating to the
sale of such Registrable Shares, including, without limitation information with
respect to the amount of Registrable Shares being sold to such underwriters,
the purchase price being paid therefor by such underwriters and with respect to
any other terms of the underwritten (or best efforts underwritten) offering of
the Registrable Shares to be sold in such offering; and make all required
filings of such Prospectus supplement or post-effective amendment

 

5

 

as soon as notified of
the matters to be incorporated in such Prospectus supplement or post-effective
amendment;

 

(vi)                              furnish
to such Holder and each managing underwriter at least one signed copy of the
Registration Statement and any post-effective amendment thereto, including
financial statements and schedules, all documents incorporated therein by
reference and all exhibits (including those incorporated by reference);

 

(vii)                           deliver
to such Holders and the underwriters, if any, as many copies of the Prospectus
(including each preliminary prospectus) and any amendment or supplement thereto
as such Persons or entities may reasonably request;

 

(viii)                        prior to
any Public Sale of Registrable Shares, register or qualify or cause to be
registered or qualified such Registrable Shares for offer and sale under the
securities or blue sky laws of such jurisdictions within the United States as
any Holder or underwriter reasonably requests in writing and do any and all
other acts or things necessary or advisable to enable the disposition in such
jurisdictions of the Registrable Shares covered by the applicable Registration
Statement; provided, however, that the Company will not be
required to qualify generally to do business in any jurisdiction where it is
not then so qualified or to take any action which would subject it to general
service of process or taxation in any such jurisdiction where it is not then so
subject;

 

(ix)                                cooperate
with the Holders and the managing underwriters, if any, to facilitate the
timely preparation and delivery of certificates representing Registrable Shares
to be sold pursuant to such Registration Statement and not bearing any
restrictive legends, and enable such Registrable Shares to be in such denominations
and registered in such names as the managing underwriters may request at least
two (2) Business Days prior to any sale of Registrable Shares to the
underwriters;

 

(x)                                   if
any fact described in clause (iii)(E) above exists, prepare a supplement or post-effective
amendment to the applicable Registration Statement or the related Prospectus or
any document incorporated therein by reference or file any other required
document so that, as thereafter delivered to the purchasers of the Registrable
Shares being sold thereunder, such Prospectus will not contain an untrue
statement of a material fact or omit to state any material fact necessary to
make the statements therein not misleading;

 

(xi)                                cause
all Registrable Shares covered by the Registration Statement to be listed on
each securities exchange on which similar securities issued by the Company are
then listed;

 

(xii)                             provide
and cause to be maintained a transfer agent and registrar for all such
Registrable Shares covered by such registration statement not later than the
effective date of such registration statement;

 

(xiii)                          obtain
an opinion from the Company’s counsel and a “cold comfort” letter from the
Company’s independent public accountants in customary form and covering

 

6

 

such matters as are
customarily covered by such opinions and “cold comfort” letters delivered to
underwriters in underwritten public offerings, which opinion and letter shall
be reasonably satisfactory to the underwriter, if any, and to the Holders
owning a majority in interest of the Registrable Shares being registered in
such offering, and furnish to each Holder participating in the offering and to
each underwriter, if any, a copy of such opinion and letter addressed to such Holder
or underwriter;

 

(xiv)                         deliver
promptly to each Holder participating in the offering and each underwriter, if
any, copies of all correspondence between the Commission and the Company, its
counsel or auditors and all memoranda relating to discussions with the
Commission or its staff with respect to the Registration Statement, other than
those portions of any such correspondence and memoranda which contain
information subject to attorney-client privilege with respect to the Company,
and, upon receipt of such confidentiality agreements as the Company may
reasonably request, make reasonably available for inspection by any seller of
such Registrable Shares covered by such Registration Statement, by any
underwriter, if any, participating in any disposition to be effected pursuant
to such registration statement and by any attorney, accountant or other agent
retained by any such seller or any such underwriter, all pertinent financial
and other records, pertinent corporate documents and properties of the Company,
and cause all of the Company’s officers, directors and employees to supply all
information reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with such Registration Statement;

 

(xv)                            provide
a CUSIP number for all Registrable Shares included in such Registration
Statement, not later than the effective date of the applicable Registration
Statement;

 

(xvi)                         enter
into such agreements (including an underwriting agreement in form reasonably
satisfactory to the Company) and take all such other reasonable actions in
connection therewith in order to expedite or facilitate the disposition of such
Registrable Shares;

 

(xvii)                      make
available for inspection by a representative of the Holders the Registrable
Shares being sold pursuant to such Registration Statement, any underwriter
participating in any disposition pursuant to a Registration Statement, and any
attorney or accountant retained by such Holders or underwriter, all financial
and other records, any pertinent corporate documents and properties of the
Company reasonably requested by such representative, underwriter, attorney or
accountant in connection with such Registration Statement; provided, however,
that any records, information or documents that are designated by the Company
in writing as confidential shall be kept confidential by such Persons or
entities unless disclosure of such records, information or documents is
required by court or administrative order;

 

(xviii)                   otherwise use
its commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission and relevant state securities

 

7

 

commissions, and make
generally available to the Holders earning statements satisfying the provisions
of Section 12(a) of the Securities Act no later than forty-five (45) days after
the end of any 12-month period (or one-hundred and twenty (120) days, if such
period is a fiscal year) commencing at the end of any fiscal quarter in which
Registrable Shares of such Holder is sold to underwriters in an underwritten
offering, or, if not sold to underwriters in such an offering, beginning with
the first month of the Company’s first fiscal quarter commencing after the
effective date of a Registration Statement, which statements shall cover said
12-month periods; and

 

(xix)                           take
all such other commercially reasonable actions as are necessary or advisable in
order to expedite or facilitate the disposition of such Registrable Shares.

 

(f)                                    Conditions
to Holder Rights; Indemnification by Holder. It shall be a condition of
each Holder’s rights hereunder to have Registrable Shares owned by it
registered that:

 

(i)                                     such
Holder shall cooperate with the Company in all reasonable respects by supplying
information and executing documents relating to such Holder or the securities
of the Company owned by such Holder in connection with such registration;

 

(ii)                                  such
Holder shall enter into such undertakings and take such other action relating
to the conduct of the proposed offering which the Company or the underwriters
may reasonably request as being necessary to ensure compliance with federal and
state securities laws and the rules or other requirements of the NASD or
otherwise to effectuate the offering; and

 

(iii)                               such
Holder shall execute and deliver an agreement to indemnify and hold harmless
the Company and each underwriter (as defined in the Securities Act), and each
Person or entity, if any, who controls such underwriter within the meaning of
the Securities Act, against such losses, claims, damages or liabilities
(including reimbursement for legal and other expenses) to which such
underwriter or controlling Person or entity may become subject under the
Securities Act or otherwise, in such manner as is customary for registrations of
the type then proposed and, in any event, at least equivalent in scope to
indemnities given by the Company in connection with such registration, but only
with respect to information furnished by such Holder in writing and
specifically for use in the Registration Statement or Prospectus in connection
with such registration (other than information given with respect to the
Company in such Holder’s capacity as an officer, director or employee of the
Company) and with respect to such Holder’s failure to deliver Prospectuses as
required under the Securities Act.

 

(g)                                 Indemnification
by Company. In the event of any registration under the Securities Act of
any Registrable Shares of Holders pursuant to this Section 1, the Company shall
execute and deliver an agreement to indemnify and hold harmless each Holder
disposing of such Registrable Shares and any underwriter in connection with
such disposition against such losses, claims, damages or liabilities (including
reimbursement for legal and other expenses) to which

 

8

 

such Holder
may become subject under the Securities Act or otherwise, in such manner as is
customary in underwriting agreements for registrations of the type then
proposed.

 

(h)                                 Rule
144. The Company covenants that it will file the reports required to be
filed by it under the Securities Act and the Exchange Act, and the rules and
regulations adopted by the Commission thereunder. Upon the request of any Holder,
the Company will deliver to such Holder a written statement as to whether it
has complied with such requirements.

 

SECTION 2.                            DURATION OF AGREEMENT

 

This Agreement
shall terminate upon the earliest to occur of (i) the mutual agreement of
the Holders and the Company, and (ii) the date on which the Holders no longer
own, in the aggregate, at least five percent (5%) of the number Shares held by
the Holders as of the date of this Agreement.

 

SECTION 3.                            DEFINITIONS

 

(a)                                  As
used in this Agreement, the following terms have the following meanings:

 

“Affiliate”
means with respect to a specified Person, any Person that directly or
indirectly controls, is controlled by, or is under common control with, the
specified Person. As used in this definition, the term “control” means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through ownership
of voting securities, by contract or otherwise.

 

“Agreement”
has the meaning set forth in the preamble.

 

“Board” has
the meaning set forth in Section 1(a)(i).

 

“Business Day”
means any day that is not a Saturday, a Sunday or other day on which banks are
required or authorized by law to be closed in New York, New York.

 

“Commission”
has the meaning set forth in Section 1(a)(i).

 

“Common Stock”
ha the meaning set forth in the Recitals.

 

“Company”
has the meaning set forth in the preamble.

 

“Delaware Company”
has the meaning set forth in Section 4(g).

 

“Demand Notice”
has the meaning set forth in Section 1(a)(i).

 

“Demand Registration”
has the meaning set forth in Section 1(a)(i).

 

“Demanding Holder”
has the meaning set forth in Section 1(a)(i).

 

9

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and
regulations in effect thereunder.

 

“Initial Public
Offering” has the meaning set forth in the Recitals.

 

“Litigation”
has the meaning set forth in Section 4(e).

 

“Odyssey Fund”
has the meaning set forth in the preamble.

 

“Odyssey Coinvest I”
has the meaning set forth in the preamble.

 

“Odyssey Coinvest II”
has the meaning set forth in the preamble.

 

“Odyssey Coinvestors”
has the meaning set forth in preamble.

 

“Party” and “Parties” has the meaning set forth
in the preamble.

 

“Person”
includes any individual, corporation, association, partnership (general or
limited), joint venture, trust, estate, limited liability company, or other
legal entity or organization.

 

“Prospectus”
has the meaning set forth in Section 1(e)(i).

 

“Public Sale”
means a Transfer pursuant to a bona fide underwritten public offering pursuant
to an effective registration statement filed under the Securities Act or
pursuant to Rule 144 under the Securities Act (other than in a privately
negotiated sale).

 

“Registrable Shares”
means the Shares other than Shares (i) sold by a Holder in a transaction in
which its rights under this Agreement are not assigned, (ii) sold pursuant to
an effective registration statement under the Securities Act or (iii) sold in a
transaction exempt from the registration and prospectus delivery requirements
of the Securities Act (including transactions under Rule 144, or a successor
thereto, promulgated under the Securities Act) so that all transfer
restrictions and restrictive legends with respect thereto, if any, are removed
upon the consummation of such sale.

 

“Registration Statement”
has the meaning set forth in Section 1(d).

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations in
effect thereunder.

 

“Shares”
means (i) shares of capital stock of the Company and (ii) any other security of
the Company or any successor thereto (including, without limitation, the
Delaware Company) into which any Share is converted or for which any Share is
exchanged,.

 

“Stockholder
Demand” has the meaning set forth in Section 1(a)(i).

 

“Transfer”
means a transfer, sale, assignment, pledge, hypothecation or other disposition
or exchange; and “Transferring” or “Transferred” have correlative meanings.

 

10

 

(b)                                 Unless
the context of this Agreement otherwise requires, (i) words of any gender
include each other gender; (ii) words using the singular or plural number also
include the plural or singular number, respectively; (iii) the terms “hereof,” “herein,”
“hereby” and derivative or similar words refer to this entire Agreement;
(iv) the terms “Article” or “Section” refer to the specified Article or
Section of this Agreement; (v) the word “including” shall mean “including,
without limitation”, and (vi) the word “or” shall be disjunctive but not
exclusive.

 

(c)                                  References
to agreements and other documents shall be deemed to include all subsequent
amendments and other modifications thereto.

 

(d)                                 References
to statutes shall include all regulations promulgated thereunder and references
to statutes or regulations shall be construed as including all statutory and
regulatory provisions consolidating, amending or replacing the statute or
regulation.

 

(e)                                  The
language used in this Agreement shall be deemed to be the language chosen by
the parties to express their mutual intent, and no rule of strict construction
shall be applied against either Party.

 

SECTION 4.                            MISCELLANEOUS

 

(a)                                  Successors,
Assigns and Transferees. This Agreement shall be binding upon and inure to
the benefit of the Parties hereto and their respective legal representatives,
heirs, legatees, successors, and assigns and any other transferee of the Shares
and shall also apply to any Shares acquired by Holders after the date hereof. Notwithstanding
the provisions of Section 4(j), the rights to cause the Company to register
Registrable Shares pursuant to Section 1 may be assigned by a Holder (without
the prior consent of the Company) to a transferee or assignee of Registrable
Shares that (a) is a subsidiary, parent, general partner, limited partner,
retired partner, member or retired member, or stockholder of a Holder, (b)
acquires that number of shares of Registrable Shares equal to at least 20% of
the total Registrable Shares then held by the transferring Holder; or (c) is an
Affiliate of such Holder provided, however,
(i) the transferor shall, within ten (10) days after such Transfer, furnish to
the Company written notice of the name and address of such transferee or
assignee and the Registrable Shares with respect to which such registration
rights are being assigned and (ii) such transferee shall execute a counterpart
of this agreement in the form attached as Exhibit A hereto and
agree to be bound by the terms hereof for all purposes hereunder.

 

(b)                                 Specific
Performance. Each Party, in addition to being entitled to exercise all
rights provided herein or granted by law, including recovery of damages, shall
be entitled to specific performance of each other Party’s obligations under
this Agreement. The Parties agree that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by any of them of the
provisions of this Agreement and each hereby agrees to waive the defense in any
action for specific performance that a remedy at law would be adequate.

 

(c)                                  Governing
Law. This Agreement shall be
governed by and construed in accordance with the internal laws, and not the law
of conflicts, of the State of New York

 

11

 

(without giving effect to the choice of law principles thereof that
would result in the application of any law other than the law of the State of
New York).

 

(d)                                 Submission
to Jurisdiction; Waiver of Jury Trial. Each of the Parties hereby
irrevocably and unconditionally consents to submit to the exclusive
jurisdiction of the courts of the State of New York and of the United States of
America, in each case located in the County of New York, for any action,
proceeding or investigation in any court or before any governmental authority (“Litigation”) arising out of or relating
to this Agreement, (and agrees not to commence any Litigation relating thereto
except in such courts), and further agrees that service of any process,
summons, notice or document by U.S. registered mail to its respective notice
address, as provided for in this Agreement, shall be effective service of
process for any Litigation brought against it in any such court. Each of the
Parties hereby irrevocably and unconditionally waives any objection to the
laying of venue of any Litigation arising out of this Agreement or the
transactions contemplated hereby in the courts of the State of New York or the
United States of America, in each case located in the County of New York, and
hereby further irrevocably and unconditionally waives and agrees not to plead
or claim in any such court that any such Litigation brought in any such court
has been brought in an inconvenient forum. Each of the Parties irrevocably and
unconditionally waives, to the fullest extent permitted by applicable law, any
and all rights to trial by jury in connection with any Litigation arising out
of or relating to this Agreement or the transactions contemplated hereby.

 

(e)                                  Descriptive
Headings. The descriptive headings of this Agreement are inserted for convenience
only and do not constitute a part of this Agreement.

 

(f)                                    Notices.
All notices, requests or consents provided for or permitted to be given under
this Agreement shall be in writing and shall be given either by depositing such
writing in the United States mail, addressed to the recipient, postage paid and
certified with return receipt requested, or by depositing such writing with a
reputable overnight courier for next day delivery, or by delivering such
writing to the recipient in person, by courier or by facsimile transmission. A
notice, request or consent given under this Agreement shall be effective on
receipt by the Person to receive it. All notices, requests and consents to be
sent to (i) a Holder shall be sent to or made at the following address:  c/o Odyssey Investment Partners, LLC, 21650
Oxnard Street, Suite 1650, Woodland Hills, CA 
91367, Fascimile: (818) 737-1101, Attn: William Hopkins, with a copy to
Latham & Watkins LLP, 885 Third Avenue, Suite 1000, New York, NY 10022,
Attn: Howard Sobel and John Giouroukakis and (ii) the Company shall be
sent to or made at the following address: Dayton Superior Corporation, 7777
Washington Village Drive, Suite 130, Dayton, Ohio 45459, Fascimile: (937)
428-9115, Attn: Chief Executive Officer.

 

(g)                                 Recapitalization,
Exchange, Etc. Affecting the Company’s Shares. The provisions of this
Agreement shall apply, to the full extent set forth herein, with respect to any
and all Shares of the Company or any successor or assign of the Company
(whether by merger, consolidation, sale of assets or otherwise) that may be
issued in respect of, in exchange for, or in substitution of, the Shares and
shall be appropriately adjusted for any dividends, splits, reverse splits,
combinations, recapitalizations, and the like occurring after the date hereof. For
the avoidance of doubt and without limiting the generality of the foregoing, it
is hereby

 

12

 

acknowledged
and agreed that in connection with the Initial Public Offering, it is
contemplated that the Company will be merged with and into a wholly-owned
subsidiary of the Company that is incorporated in Delaware (the “Delaware Company”), with the Delaware Company surviving and
all of the outstanding shares of capital stock of the Company being converted
into shares of capital stock of the Delaware Company. Immediately following the
effectiveness of such merger, the provisions of this Agreement shall automatically
apply to the full extent set forth herein with respect to such shares of
capital stock of the Delaware Company.

 

(h)                                 Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall
be deemed to be an original and all of which together shall be deemed to
constitute one and the same agreement.

 

(i)                                     Severability.
In the event that any one or more of the provisions contained herein, or the
application thereof in any circumstances, is held invalid, illegal, or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be in any way impaired thereby.

 

(j)                                     Amendment.
This Agreement may be amended only by written agreement signed by the Holders
and the Company.

 

(k)                                  Tax
Withholding. The Company shall be entitled to require payment in cash or
deduction from other compensation payable to any Holder of any sums required by
federal, state or local tax law to be withheld with respect to the issuance,
vesting, exercise, repurchase or cancellation of any Share or any option to
purchase Shares.

 

(l)                                     Integration.
This Agreement constitutes the entire agreement among the Parties hereto
pertaining to the subject matter hereof and supersedes all prior agreements and
understandings pertaining thereto.

 

(m)                               Further
Assurances. In connection with this Agreement and the transactions
contemplated thereby, each Holder shall execute and deliver any additional
documents and instruments and perform any additional acts that may be necessary
or appropriate to effectuate and perform the provisions of this Agreement and
such transactions.

 

13

 

IN WITNESS
WHEREOF, the Parties have executed this Registration Rights Agreement as of the
date first above written.

 

	
   

  	
  HOLDERS:

  	
   

  

 

	
   

  	
   

  	
  ODYSSEY
  INVESTMENT PARTNERS FUND,

  LP

  
	
   

  	
   

  	
  By: ODYSSEY
  CAPITAL PARTNERS, LLC,

  
	
   

  	
   

  	
  its General
  Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ DOUGLAS W.
  ROTATORI

  
	
   

  	
   

  	
     Name:
  Douglas W. Rotatori

  
	
   

  	
   

  	
     Title:
  Managing Principal

  

 

 

	
   

  	
   

  	
  ODYSSEY
  COINVESTORS, LLC

  
	
   

  	
   

  	
  By: ODYSSEY
  INVESTMENT PARTNERS, LLC,

  
	
   

  	
   

  	
  its Managing
  Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ DOUGLAS W.
  ROTATORI

  
	
   

  	
   

  	
     Name:
  Douglas W. Rotatori

  
	
   

  	
   

  	
     Title:
  Managing Principal

  

 

 

	
   

  	
   

  	
  DS COINVESTMENT
  I, LLC

  
	
   

  	
   

  	
  By: ODYSSEY
  INVESTMENT PARTNERS, LLC,

  
	
   

  	
   

  	
  its Managing
  Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ DOUGLAS W.
  ROTATORI

  
	
   

  	
   

  	
     Name:
  Douglas W. Rotatori

  
	
   

  	
   

  	
     Title:
  Managing Principal

  

 

 

	
   

  	
   

  	
  DS COINVESTMENT
  II, LLC

  
	
   

  	
   

  	
  By: ODYSSEY
  INVESTMENT PARTNERS, LLC,

  
	
   

  	
   

  	
  its Managing
  Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ DOUGLAS W.
  ROTATORI

  
	
   

  	
   

  	
     Name:
  Douglas W. Rotatori

  
	
   

  	
   

  	
     Title:
  Managing Principal

  

 

 

	
   

  	
  COMPANY:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  DAYTON SUPERIOR
  CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/
  ERIC R. ZIMMERMAN

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Eric R.
  Zimmerman

  	
   

  
	
   

  	
   

  	
   

  	
  Title: President
  and Chief Executive Officer

  	
   

  
							

 

15

 

EXHIBIT A

 

SIGNATURE PAGE

TO THE

REGISTRATION RIGHTS AGREEMENT

 

By execution of
this signature page,                                                                 
hereby agrees to become a party to, be bound by the obligations of and receive
the benefits of Section 1 of that certain Registration Rights Agreement, dated
as of November 28, 2006, by and among Dayton Superior Corporation, Odyssey
Investment Partners Fund, LP, Odyssey Coinvestors, LLC, DS Coinvestment I, LLC
and DS Coinvestment II, LLC., as amended from time to time thereafter.

 

 

	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Notice Address:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  Accepted:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  DAYTON SUPERIOR
  CORPORATION

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:Filed by Automated Filing Services Inc. (604) 609-0244 - Drayton Harbor Resources Inc. - Exhibit 10.2

SUMMARY REPORT 

ON THE

CANYON GOLD PROPERTY 

JERVIS INLET, BC 

 

JULY 12, 2006 

 

By:

Greg Thomson B.Sc., P.Geo. 

and

James Laird, Laird Exploration Ltd. 

TABLE OF CONTENTS 

	  	  	  	Page
      
	EXECUTIVE
      SUMMARY 	1
      
	1.0
      	INTRODUCTION
      	2
      
	  	1.1
      	Terms
      of Reference 	2
      
	  	1.2
      	Location
      and Access 	3
      
	  	1.3
      	Topography,
      Climate, Vegetation 	4
      
	  	1.4
      	Property
      Status 	4
      
	  	1.5
      	Previous
      Work 	5
      
	2.0
      	GEOLOGICAL
      OVERVIEW 	6
      
	  	2.1
      	Regional
      Geology 	6
      
	  	2.2
      	Property
      Geology 	8
      
	3.0
      	CONCLUSIONS
      AND RECOMMENDATIONS 	12
      
	4.0
      	REFERENCES
      	13
      
	5.0
      	STATEMENTS
      OF QUALIFICATIONS 	14
      
	FIGURES 	  	  
	1.
      	Canyon
      Gold BC Location Map 	2
      
	2.
      	Canyon
      Gold Regional Location Map 	3
      
	3.
      	Canyon
      Gold Claim Area with Mt. Alfred to the West 	4
      
	4.
      	Canyon
      Gold Property Map 	5
      
	5.
      	Canyon
      Gold Geology Map 	7
      
	6.
      	Lausmann
      Creek Canyon 	9
      
	7.
      	Gold
      Dredging Area, the “Gold Pool” 	10
      
	8.
      	Gold
      Dredge 	11
      

1

EXECUTIVE SUMMARY 

	1. 	
      The Canyon Gold Property is located near the head of
      Jervis Inlet, about 120 km northwest of Vancouver, BC. Access is by float
      plane from Vancouver or Sechelt, or by boat from Egmont or Pender Harbour
      on the Sechelt Peninsula. The Canyon Gold Property comprises one MTO
      mineral claim containing 15 cell claim units totaling 310.235
    hectares.

	 	 
	2. 	
      The Upper Jervis Inlet area is underlain by a variety of
      Jurassic to Tertiary granitic intrusives of the Coast Plutonic Complex.
      The granitic rocks intrude and metamorphose Jurassic to Lower Cretaceous
      argillaceous sediments and andesitic to felsic volcanics of the Gambier
      Group. The Gambier Group hosts the 60 MT Britannia copper, zinc, lead,
      silver, gold deposit on Howe Sound about 90 km to the southeast.

	 	 
	3. 	
      The Canyon Gold Property is underlain by argillaceous
      sediments and volcanics of the Gambier Group. A significant amount of
      coarse placer gold has been extracted from Lausmann Creek in the past,
      possibly more than 5000 ounces. Numerous pits and trenches have been dug
      adjacent to the creek, and a dragline dredge was used to mine an old creek
      channel. Although numerous quartz veins with pyrite occur in the area, the
      source of the gold has not yet been identified.

	 	 
	4. 	
      A proposed work program includes construction of a
      control grid, geological mapping and rock sampling, a soil and silt
      geochemical sampling program, magnetometer geophysical survey, and
      trenching. Based on a compilation of these results, a diamond drill
      program will be designed to explore and define the potential
    resources.

2

	1.0 	
      INTRODUCTION

	 	 
		
      1.1 
	 Terms of
Reference

This summary report is a compilation of
geological data and records currently available regarding the Canyon Gold
Property located at the head of Jervis Inlet, BC. Historical information from
Laird Exploration Ltd. files, the BC Department of Mines, the Geological Survey
of Canada and other sources has been reviewed and used where pertinent. 

 

3
 

	 	1.2 	Location and Access 

The Canyon Gold Property is located
approximately 120 km northwest of Vancouver, BC, and 85 km north of Sechelt, BC.
The property is situated on the southwest side of Queen’s Reach on Upper Jervis
Inlet, at the head of the inlet. 

Access is by float plane from Vancouver
or Sechelt, or by boat from Egmont or Pender Harbour on the Sechelt Peninsula.
Several campsite locations with good water supplies can be found within a few
kilometers of the property. Supplies and services are available in Egmont or
Pender Harbour. 

4

 

	 	1.3 	Topography, Climate, Vegetation
  

The topography along Jervis Inlet
extents from sea level to mountain tops in excess of 2000 metres elevation. In
the vicinity of the Canyon Gold Property, topography is moderate with some deep
canyons along Lausmann Creek. Elevation on the property varies from sea-level up
to 480 metres. 

The climate is typical of the West
Coast of BC, mild and wet overall with some snowfall in the winter months. The
summers are usually warm with less rainfall, and year-round work is possible on
the property. Vegetation is a dense growth of coniferous forest, with cedar,
fir, spruce, alder and maple trees. Ground vegetation is usually salal and
various berry bushes. 

	 	1.4 	Property Status 

The Canyon Gold Property comprises one
MTO mineral claim containing 15 cell units totaling 310.235 hectares in area.

	 	BC Tenure # 	Work
      Due Date 	Staking Date 	Total
      Area (Ha.) 
	 	534273 	May 22, 2007 	May 22, 2006 	310.235

5

 

	 	1.5 	Previous Work 

The Canyon Gold Property area was first
investigated around 1900, when a significant amount of placer gold in flake and
small nuggets was discovered in Lausmann Creek. There is a mention of placer
gold in Canyon Creek (now Lausmann Creek) in the 1910 and 1911 Ministry of Mines
Annual Reports. There are records of placer claims and leases being held in the
area through to 1974, when political change brought an end to placer work.
Lausmann Creek not located in a presently Designated Placer Area, so is
unavailable for placer staking. Laird Exploration Ltd. investigated the placer
area in 1981, 1984 and 1992. Several large workings were found, including a
gas-powered dragline dredge used to mine the placer gravels. 

6

BC Ministry of Mines records state that
Mr. F. Cullen held the Franklin placer claim on Lausmann Creek from 1936 through
to his death in 1961, when his widow took control of the title. She sold the
claim to Henry Whittaker of Pender Harbour in 1963, who maintained the claim
until 1968. Lillian Cullen also owned a placer claim from 1940 to 1947 on an
adjacent creek to the northwest. Clarence Nelson of Westview owned Placer Mining
Lease No. 16 on Canyon or Lausmann Creek from 1956 through to his death in 1974.
The NDP Government then cancelled the lease and made placer work in this area
illegal. Placer Mining Lease No. 17 was staked in 1959 by A.E. Morton of
Westview. The lease was held until 1960. In 1971, two Placer Mining Leases, No.
33 and No. 34, were staked by Valmar Tamm and held until 1974. A compilation of
prospector’s sketches of work done shows at least 16 major workings, hydraulic
water lines, sluice trenches, and the gold dredge area. 

One of the former placer claim owners,
A. E. “Buck” Morton, a prominent Powell River businessman, was interviewed in
1985. He stated the creek had been deflected by early miners and that 4000
ounces of coarse gold had been dredged out of the “Gold Pool”, and at least 1000
ounces were won from other workings on the creek. Placer gold was found in many
areas away from the creek canyon as well, but little gold had been found above
the canyon. It was thought that local quartz veins supplied the gold, but no
organized search has taken place for the source of the gold. 

	2.0 	GEOLOGICAL OVERVIEW 

The Canyon Gold Property is underlain
by argillaceous sediments and volcanics of the Gambier Group. A significant
amount of coarse placer gold has been extracted from Lausmann Creek in the past,
possibly more than 5000 ounces. Numerous pits and trenches have been dug
adjacent to the creek, and a dragline dredge was used to mine an old creek
channel. Although numerous quartz veins with pyrite occur in the area, the
source of the gold has not yet been identified. 

	 	2.1 	Regional Geology 

The Upper Jervis Inlet area is
underlain by a variety of Jurassic to Tertiary granitic intrusives of the Coast
Plutonic Complex. The granitic rocks intrude and metamorphose Jurassic to Lower
Cretaceous argillaceous sediments and andesitic to felsic volcanics of the
Gambier Group. The Gambier Group hosts the 60 MT Britannia copper, zinc, lead,
silver, gold deposit on Howe Sound about 80 km to the southeast. 

7

 

8

	 	2.2 	Property Geology 

The Canyon Gold Property is underlain
by light-grey to black argillaceous shale and slate, with occasional interbeds
of andesitic to rhyolitic flows and tuff, and minor pebble conglomerate. The
sediments have been intruded by dacite dikes, probably related to late felsic
volcanism. Andesitic volcanic rocks predominate along the shoreline, northwest
of the mouth of Lausmann Creek 

West of the property on Mt. Alfred,
felsic volcanics of the Gambier Group are abundant, with interbeds of tuffaceous
sediment and pyritic green volcanic breccias. The assemblage is identical the
rocks hosting the 60 MT Britannia copper, zinc, lead silver and gold
volcanogenic massive sulphide deposit on Howe Sound. There is a possibility that
hydrothermal mineralization related to this era of volcanism is the source of
the gold in Lausmann Creek. 

A silt sample take near the mouth of
the creek in 1988 gave a value of 52 ppb gold, an order of magnitude higher than
many other creeks in the Queens Reach area. While test-panning the creek for
gold, a small amount of galena was noted in the heavy black sand concentrate.
Quartz veins and stockworks are common along the creek, some containing pyrite
and pyrrhotite. It is probable that some of the quartz veins and silicified
zones carry a small amount of visible gold, which forms local accumulations upon
weathering. 

Detailed prospecting, geological
mapping with rock sampling, and a 25-metre spaced soil sample grid is
recommended to indicate areas with potential gold sources. 

Following Pages - Figures 6, 7, 8

9

 

10

11

12

	3.0 	CONCLUSIONS AND RECOMMENDATIONS
  

A proposed work program includes
prospecting, geological mapping and rock sampling, construction of a control
grid, magnetometer and EM geophysical surveys, and trenching. Based on a
compilation of these results, a diamond drill program would be designed to
explore and define the potential resources. The anticipated costs of this
development are presented in three results-contingent stages. 

Phase 1 

Reconnaissance geological mapping,
prospecting, rock, silt and soil sampling; five days on site, two days travel.

	 	Geologist – 7 days @ $450/day 	$	3150.00 	 
	 	Consultant/Project Manager – 7 days @ $450/day 	$	3150.00 	 
	 	Sampler/Geological Assistant – 7 days @
      $250/day 	$	1750.00 	 
	 	Boat rental (including fuel, etc) – 7 days @ $150.00/day
	$	1050.00 	 
	 	Truck rental – 1000 km @ 0.75/km inclusive
    	$	750.00 	 
	 	Rock samples – 50 @ $50.00 per sample 	$	2500.00 	 
	 	Soil and silt samples – 150 @ $25.00 per
      sample 	$	3750.00 	 
	 	BC Ferries 	$	150.00 	 
	 	Per Diem (with camp rental) – 21 man-days @
      $100.00/day 	$	2100.00 	 
	 	Misc. sampling and field supplies 	$	500.00 	 
	 	Report and reproduction costs 	$	1500.00 	 
	 	Subtotal 	$	20,350.00 	 
	 	  	 	  	 
	 	Management Fee @ 15% 	$	3052.50 	 
	 	Contingency @ 10% 	$	2035.00 	 
	 	  	 	  	 
	 	Total 	$	25,437.50 	 
	 	GST@ 6% 	$	1526.25 	 
	 	NET TOTAL 	$	26,963.75 	 

	 	Phase 2 	 	  	 
	 	Detailed geological mapping and rock sampling,
      cut line grid construction, 	 
	 	soil and silt geochemical survey, EM and
      magnetometer surveys, 	 
	 	establish drill and trenching targets, four-man
      crew with camp and 	 
	 	supplies, transportation, report. 	$	85,000.00 	 

	 	Phase 3 	 	  	 
	 	1000 metres of diamond drilling @ 100.00 per
      metre, plus geological 	 
	 	supervision, camp and supplies, transportation,
      assays, report and other 	 
	 	ancillary costs. 	$	175,000.00 	 
	 	  	 	  	 
	 	TOTAL 	$	286,963.00 	 

13

	4.0 	REFERENCES 

Annual Reports of the BC Minister of
Mines for 1910 pg. K 152, and pg. K 391,1911. 

BC Minister of Mines Annual Placer
Claim and Lease work records for the Vancouver Mining Division, 1936 – 1974.

Laird Explorations Ltd. prospecting
notes on Lausmann Creek placer gold; 1981, 1984 and 1992. 

14

	5.0 	STATEMENTS OF QUALIFICATIONS
  

	I: 	Gregory R. Thomson, of Langley, B.C., do hereby
      certify: 

That I am a Professional Geoscientist registered in the
Province of British Columbia. 

That I am a graduate Geologist from the University of British
Columbia (1970) and have over 25 years of mineral exploration experience in the
Province of British Columbia. 

That the information contained in this report was based upon a
review of previous reports and geological studies related to the Canyon Gold
Property area and of personal experience with local geology gained while
employed as a consulting geologist in the Coastal region of BC. 

I have read National Instrument 43-101, Form 43-101F1 and this
report has been prepared in essential compliance with N1 43-101 and Form
43-101F1. 

Dated at Vancouver, BC, July 12, 2006 

 

15

STATEMENT OF QUALIFICATIONS 

	I, 	James W. Laird do state that:
  

My address is PO Box 672, Lions Bay, BC, V0N 2E0 

I am a prospector and mining exploration contractor and have
been for more than 25 years. 

I have completed the BC EMPR course “Advanced Mineral
Exploration for Prospectors, 1980”. 

I am very familiar with the geology of the Jervis Inlet project
area and have personally explored the Canyon Gold Property area several times
from 1981 to the present. 

James W. Laird 

Laird Exploration Ltd. 

July 12, 2006

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