Document:

<PAGE>
                                                                    EXHIBIT 10.2

                            SHARE PURCHASE AGREEMENT

                                     between

                ILLBRUCK GMBH, SABINA ILLBRUCK, MICHAEL ILLBRUCK

                                       and

            TREMCO GERMANY GMBH, RPOW UK LTD., RPM INTERNATIONAL INC.

Linklaters Oppenhoff & Raedler

Prinzregentenplatz 10
81675 Munchen
Postfach 801520
81615 Munchen

Telefon (49-89) 41808-0
Telefax (49-89) 41808-100

Zeichen L-095759 KRA/TET
<PAGE>
TABLE OF CONTENTS

<TABLE>
<S>                                                                                  <C>
Index of Definitions..............................................................    2

Index of Schedules................................................................    8

PREAMBLE..........................................................................   10

1  The Group Companies............................................................   10

2  Agreement to Sell and Transfer the Shares and the Seller's Intellectual
   Property Rights; Agreement re Assignment of Seller's Loans; Transfer
   of Contracts...................................................................   16

3  Purchase Price; Preliminary Purchase Price and Purchase Price Adjustment.......   17

4  Effective Date Statement.......................................................   19

5  Termination and Clearing of Agreements, etc. Among Related Companies...........   21

6  Rights and Covenants between Signing and Closing...............................   22

7  Closing; Closing Conditions....................................................   25

8  Seller's Guarantees; Seller's Best Knowledge...................................   27

9  Remedies for Breach of Seller's Guarantees.....................................   37

10 Taxation.......................................................................   42

11 Purchasers' Guarantees; Purchasers' Guarantor..................................   45

12 Confidentiality; Press Releases; Public Disclosure; Covenants in the Case of
   Non-Consummation of Closing ...................................................   46

13 Post-Closing Rights and Covenants; Non-Competition; Non-Solicitation...........   47

14 Payments and Interest..........................................................   51

15 Notices........................................................................   52

16 Miscellaneous..................................................................   53
</TABLE>

                                        1
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INDEX OF DEFINITIONS

"ACCOUNTS 2005" shall have the meaning given to it in Clause 13.3.1;

"AFFILIATE(S)"shall mean affiliated companies within the meaning of Sections 15
et seq. AktG;

"AKTG" shall mean German Stock Corporation Act (Aktiengesetz);

"BASE INTEREST RATE" shall mean the interest rate as applicable from time to
time pursuant to Section 247 BGB (Basiszinssatz im Sinne von Section 247 BGB);

"BGB" shall mean German Civil Code (Buergerliches Gesetzbuch);

"BIG" is illbruck Bau-Technik International GmbH with the particulars set forth
in Clause 1.1.1;

"BIG-SUBSIDIARY/IES" shall have the meaning given to it in Clause 1.2.1;

"BUSINESS" shall have the meaning given to it in Letter (F) of the Preamble;

"BUSINESS DAY" means a day other than a Saturday, Sunday or a public holiday in
Cologne;

"CASH" shall have the meaning given to it in Clause 3.2.1(ii);

"CET" shall mean Central European Time as of the relevant date;

"CLOSING" shall have the meaning given to it in Clause 7.1;

"CLOSING CONDITION(S)" shall have the meaning given to it in Clause 7.2;

"CLOSING DATE" shall have the meaning given to it in Clause 7.1;

"COMPANY/IES" shall have the meaning given to it in Clause 1.1.2;

"COMPETENT AUTHORITIES" shall have the meaning given to it in Clause 6.1.1;

"CONFIDENTIALITY AGREEMENT" is the agreement on confidentiality concluded
between the Seller and the Purchasers' Guarantor on 22 March 2005;

"CONSOLIDATED AUDITED ACCOUNTS" are the consolidated annual accounts of the
Group Companies as of 31 December 2004 prepared by the Seller and audited by the
respective Seller's Auditor;

"CONSOLIDATED EFFECTIVE DATE ACCOUNTS" shall mean the consolidated accounts of
the Group Companies as of the Effective Date, which, however, is not a legal but
a virtual consolidation prepared only for the purpose of the sale of the Group
Companies; the Consolidated Effective Date Accounts shall be based on audited
year end accounts or audited interim accounts each as of the Effective Date for
the individual Group Companies audited by the respective Seller's Auditor, to be
accompanied by a certification of Seller's Auditor issuing - to the extent
legally possible - an unqualified opinion (uneingeschraenkter
Bestaetigungsvermerk), and having a language being as close as possible to the
wording of an unqualified opinion as defined in Sec. 322 para. 1 HGB. With
regard to the execution of the audit and the preparation of the Consolidated
Effective Date Accounts, it shall be taken into account that the Group Companies
do not qualify as a group or a subgroup being subject to consolidated accounting
within the meaning of Sec. 390 HGB (Konzern oder Teilkonzern), the Consolidated
Effective Date Statements shall consist merely of a balance sheet and a profit
and loss account without footnotes (Anhang), or a management discussion and
analysis (Lagebericht). However, it is understood that the audit opinion will be
qualified on the belief that the opening balances as of January 1, 2005 will be
unaudited, as they will be derived from the Financial Statements as of December
31, 2004, which are unaudited (Saldovortrag).

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"CONTAMINATION" shall be all air pollution, soil and/or groundwater
contamination, artificial deposits, fillings, Hazardous Materials, ammunition,
combat material;

"CONTRACTS" shall have the meaning given to it in Clause 2.8;

"CONTRACTUAL PARTIES" shall mean the Parties, SI, MI and the Purchasers'
Guarantor;

"CONTRACTUAL PARTY" shall mean any of the Parties, SI, MI and the Purchasers'
Guarantor;

"CORPORATE INCOME TAX REFUND CLAIM" shall mean "Koerperschaftsteuerguthaben"
within the meaning of Section 37 of the German Corporate Income Tax Act
(Koerperschaftsteuergesetz):

"COUNTERPARTY" shall have the meaning given to it in Clause 2.8;

"DEBT" shall have the meaning given to it in Clause 3.2.1(i);

"DE MINIMIS AMOUNT" shall have the meaning given to it in Clause 9.3.1;

"EFFECTIVE DATE" shall mean 00:00 hours (Central European Time) of the first day
of the calendar month following the month in which the Closing occurs;

"EFFECTIVE DATE STATEMENT" shall have the meaning given to it in Clause 4.1;

"EK02" shall have the meaning given to it in Clause 8.1.2(iv);

"ENCUMBRANCE" shall have the meaning given to it in Clause 8.1.3(i);

"ENVIRONMENTAL CLAIM" shall mean any and all administrative or judicial actions,
suits, orders, claims or proceedings pursuant to or relating to any
Environmental Law by any Person based upon, alleging, asserting, or claiming any
actual (I) violation of or liability under any Environmental Law or any permit
or approval there under, or (II) liability for investigatory costs, cleanup
costs, removal costs, remedial costs, property damage, personal injury, fines,
or penalties related to pollution, Contamination or any Hazardous Material at
any location;

"ENVIRONMENTAL COSTS" means any reasonable investigation, cleanup, remediation,
removal or other response costs, expenses, losses, liabilities or obligations,
payments, damages and disbursements resulting from environmental conditions and
any claim by any governmental authority under Environmental Laws, any private
party claim under Environmental Laws, or any act necessary to come into material
compliance with the Environmental Laws;

"ENVIRONMENTAL LAWS" shall mean all applicable laws (including common law),
ordinances, rules, regulations, permits, authorisations and orders relating to
Environmental Matters and either being applicable as at the Closing Date or
still having an impact on the Business as at the Closing Date, and applying in
jurisdictions in which any of the Group Companies operate;

"ENVIRONMENTAL LIABILITIES" means the clean up of the contamination in or near
Hall 1 and Hall 2 in Arkel pertaining to trichloroethylene, regardless whether
pertaining to land owned by the Group Companies or by neighbouring third
parties;

"ENVIRONMENTAL MATTERS" means any matter relating to pollution or Contamination
or protection of the soil, ground water, surface water, land surfaces or natural
resources;

"ESCROW ACCOUNT" shall have the meaning given to it in Clause 9.10;

"ESCROW AMOUNT" shall have the meaning given to it in Clauses 3.3.1 and 9.10;

"ESTIMATED EFFECTIVE DATE STATEMENT" shall have the meaning given to it in
Clause 3.3.1;

"EQUITY" shall have the meaning given to it in Clause 3.2.3;

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"EXPERT" shall have the meaning given to it in Clause 9.6.2(i);

"FIXED AMOUNT" shall be the amount specified in Clause 3.1;

"GERMAN GAAP" shall mean German generally accepted accounting principles;

"GERMAN LOAN" shall have the meaning given to it in Clause 5.3;

"GERMAN PURCHASER" shall mean Tremco Germany GmbH; with the particulars given in
Letter (C) of the Preamble;

"GERMAN SHARE(S)" shall have the meaning given to it in Clause 1.1.1;

"GKV" shall have the meaning given to it in Clause 9.6.2(i);

"GROUP COMPANY/IES" shall have the meaning given to it in the last sentence of
Clause 1.2.2;

"GROUP SHARES" shall have the meaning given to it in Clause 1.2.2;

"HAZARDOUS MATERIAL(S)" shall mean any toxic, hazardous, infectious or
radioactive substance, including those substances defined in or regulated or
addressed by any Environmental Laws; petroleum and petroleum products including
crude oil and any fractions thereof and materials and/or substances which have
to be specially treated in the event of demolition work or removal (asbestos,
PCB, lindane, etc.);

"HGB" shall mean German Commercial Code (Handelsgesetzbuch);

"INFORMATION TECHNOLOGY" or "IT" shall mean all computer hardware, software,
configurations, and related equipment and service agreements which are used in
order to run the Business as run in the past, including but not limited to (I)
desktop computers, printers, scanners, data storage units, laptops and other
decentralised and/or portable units, etc., (II) mail servers, data servers, web
servers, other servers, proxies, cetrix systems, middleware, back-up units,
hubs, other central and semi-central units, internal network, infrastructure and
links between the different locations of the Group Companies, etc. (III) links
to Internet providers, Internet gateways, firewalls, virus walls, mx records, IP
addresses, denic, internic and similar entries, etc., (IV) web pages and their
content, including content management systems, (V) all the software which runs
on and/or which is used for the operation of the aforementioned components,
including operating systems and the source code which is in the possession of
any of the Group Companies, and (VI) all libraries and databases which are
related to and/or stored on and/or used by and/or created by the aforementioned
components;

"INTELLECTUAL PROPERTY RIGHTS" shall have the meaning given to it in Clause
8.1.5(i);

"INVENTORY" shall have the meaning given to it in Clause 8.1.4(iv);

"INVESTMENT" shall have the meaning given to it in Clause 6.2.1(ii);

"IT HARDWARE" shall mean the hard ware owned by the Seller and used by the Group
Companies as of the Signing Date, including, without limitation thereto, the
hardware listed in SCHEDULE 2.4;

"KEY EMPLOYEES" shall have the meaning given to it in Clause 8.1.6(vii);

"LEASED REAL PROPERTY" shall have the meaning given to it in Clause 8.1.3(ii);

"LEVERKUSEN LEASE AGREEMENT" shall have the meaning given to it in Clause 7.4.7;

"LICENSED INTELLECTUAL PROPERTY RIGHTS" shall have the meaning given to it in
Clause 8.1.5(iv);

"LOCATION" shall have the meaning given to it in Clause 13.6;

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"MATERIAL ADVERSE CHANGE" shall have the meaning given to it in Clause 7.2.4(i);

"MATERIALLY ADVERSE EFFECT" shall have the meaning given to it in Clause
6.2.1(iv);

"MATERIAL ASSETS" shall have the meaning given to it in Clause 8.1.4(i);

"MATERIAL CONTRACTS" shall mean any contract with regular payment obligations of
either side of more than EUR 500,000 (in words: Euro five hundred thousand) per
year;

"MI" is Michael Illbruck;

"MODIFICATION PROPOSAL" shall have the meaning given to it in Clause 7.2.4(ii);

"NEUTRAL AUDITOR" shall have the meaning given to it in Clause 4.4;

"NET WORKING CAPITAL" shall have the meaning given to it in Clause 3.2.2;

"NON-SBU-ENTITIES" and "NON-SBU-ENTITY" shall have the meaning given to it in
Clause 5.2.1;

"NOTICES" shall have the meaning given to it in Clause 15.1;

"OBJECTIONS" shall have the meaning given to it in Clause 4.4;

"OFFSETTING" shall have the meaning given to it in Clause 5.3;

"OWNED REAL PROPERTY" shall have the meaning given to it in Clause 8.1.3(i);

"PARTIES" shall be the Seller and the Purchasers;

"PARTY" shall mean any of the Parties;

"PERSON" shall mean any individual, legal entity or governmental body;

"PERSON(S) RELATED TO SI OR MI" shall mean any Person who is either a descendant
or a spouse of SI or MI or which is a legal entity which is controlled (in the
meaning of Sec. 15 German Stock Corporation Act - AktG) by SI and/or MI;

"PRELIMINARY PURCHASE PRICE" shall have the meaning given to it in Clause 3.3.1;

"PROVISIONAL SUPPLY AGREEMENTS" shall have the meaning given to it in Clause
13.1;

"PUBLIC LAW PERMITS" shall have the meaning given to it in Clause 8.1.9(i);

"PURCHASE PRICE" shall have the meaning given to it in Clause 3.1;

"PURCHASE PRICE ADJUSTMENT" shall have the meaning given to it in Clause 3.3.2;

"PURCHASER" shall mean either the German Purchaser or the UK Purchaser;

"PURCHASERS" shall mean the German Purchaser and the UK Purchaser;

"PURCHASERS' ACCOUNT" shall have the meaning given to it in Clause 14.1.2;

"PURCHASERS' GUARANTOR" shall be RPM International Inc. with the particulars
given in Letter (E) of the Preamble;

"PURCHASERS' SIDE" shall mean the Purchasers, the Purchasers' Guarantor and the
Purchasers' Guarantor's Affiliates (in the meaning of Sec. 15 et. seq. German
Stock Corporation Code - AktG -);

"REAL PROPERTY" shall have the meaning given to it in Clause 8.1.3(ii);

"RELEVANT ASSESSMENT PERIOD" shall have the meaning given to it in Clause
10.1.1;

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"RELEVANT COMPANY" shall have the meaning given to it in Clause 9.5.1;

"RELEVANT EMPLOYEES" means the employees of the Group Companies who are employed
by the Group Companies as at Signing Date;

"REMAINING BUSINESSES" are the businesses described in SCHEDULE A;

"REVISED ACCOUNTS 2005" shall have the meaning given to it in Clause 13.3.4;

"REVISED EFFECTIVE DATE STATEMENT" shall have the meaning given to it in Clause
4.3;

"SELLER" is illbruck GmbH, with the particulars given in Letter (A) of the
Preamble;

"SELLER'S ACCOUNT" shall have the meaning given to it in Clause 14.1.1;

"SELLER'S AUDITOR" shall be such auditor appointed by Seller for such measures
and tasks as further specified in this Agreement;

"SELLER'S BEST KNOWLEDGE" shall have the meaning given to it in Clause 8.3;

"SELLER'S FINANCING PAYABLES" shall have the meaning given to it in Clause
5.2.1;

"SELLER'S FINANCING RECEIVABLES" shall have the meaning given to it in Clause
5.2.2;

"SELLER'S GUARANTEES" shall have the meaning given to it in Clause 8.1;

"SELLER'S INTELLECTUAL PROPERTY RIGHTS" shall mean the Intellectual Property
Rights listed in SCHEDULE B or in any other way comparable to such intellectual
property rights;

"SELLER'S LOANS" shall mean the UK Loan and the German Loan;

"SELLER'S SIDE" shall mean each of the Seller, the Seller's Affiliates other
than the Group Companies, SI and/or MI and affiliates of SI and/or MI;

"SENSITIVE INFORMATION" shall have the meaning given to it in Clause 6.1.4;

"SHARES" shall have the meaning given to it in Clause 1.1.2;

"SI" is Sabina Illbruck;

"SIGNING DATE" shall mean the date this Agreement is signed on;

"TAXATION" or "TAX" means all forms of taxation whether direct or indirect and
whether levied by reference to income, profits, gains, net wealth, asset values,
turnover, added value or other reference and statutory, governmental, state,
provincial, local governmental or municipal impositions, duties, contributions,
rates and levies (including without limitation social security contributions and
any other payroll taxes), whenever and wherever imposed (whether imposed by way
of a withholding or deduction for or on account of tax or otherwise). The term
"Taxation" or "Tax" shall also include any interest on Taxes and any amounts
assessed by the Tax Authorities for not complying with obligations imposed by
tax law (including but not limited to penalties for late filing and/or delay in
payment, surcharges and penalties for not preparing or not furnishing transfer
pricing studies or preparing or furnishing transfer pricing studies which do not
meet the required standards);

"TAX AUDIT" shall have the meaning given to it in Clause 10.2.1;

"TAX AUTHORITY/IES" means any tax or other authority competent to impose any
liability in respect of Taxation or responsible for the administration and/or
collection of Taxation or enforcement of any law in relation to Taxation;

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"TAX CONTEST" shall have the meaning given to it in Clause 10.2.2;

"TAX SAVING" shall mean the net present value of reductions of any future tax
payments resulting from future depreciation or expenses related to past
depreciation or expenses not fully recognized in any tax audit. The net present
value shall be calculated with a deemed total tax rate of 35% (in words:
thirty-five per cent) and with an interest rate of 5% (in words: five per cent)
per annum on the basis of future depreciations or expenses that will lead to a
reduction of tax payments after the Effective Date;

"TERRITORY" shall have the meaning given in relation to each of the Remaining
Businesses in SCHEDULE A;

"THIRD PARTY/IES" shall mean any individual person, legal entity or other
subject having full or partial legal capacity ((Teil-)Rechtsfaehigkeit) which is
not a Contractual Party;

"THRESHOLD AMOUNT" shall have the meaning given to it in Clause 9.3.2;

"UK LOAN" shall have the meaning given to it in Clause 1.1.2;

"UK-HOLDING" is illbruck Holdings Limited, with the particulars set forth in
Clause 1.1.2;

"UK PURCHASER" is RPOW UK Ltd., with the particulars given in Letter (D) of the
Preamble;

"UK-SHARE(S)" shall have the meaning given to it in Clause 1.1.2;

"UK-SUBSIDIARY/IES" shall have the meaning given to it in Clause 1.2.2;

"ZPO" shall mean the German Civil Procedure Code (Zivilprozessordnung).

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INDEX OF SCHEDULES

<TABLE>
<S>                      <C>
SCHEDULE A               Remaining Businesses and Territory
SCHEDULE B               Seller's Intellectual Property Rights
SCHEDULE 2.2             UK Loan
SCHEDULE 2.4             IT Hardware
SCHEDULE 2.6             UK-Shares transfer form
SCHEDULE 2.8             List of contracts to be transferred with approval of contractual partner
SCHEDULE 5.1             Inter-company liabilities
SCHEDULE 5.2.1           Certain Inter-company loans
SCHEDULE 6.2.2           Claims which may be assigned to Seller
SCHEDULE 7.1             Group Companies to change business year
SCHEDULE 7.4.4           Statement on termination of inter-company liabilities
SCHEDULE 7.4.6           Cross-receipt
SCHEDULE 7.4.7           Leverkusen Lease Agreement
SCHEDULE 8.1.1(II)       Pre-emptive Rights etc. in relation to Group Shares
SCHEDULE 8.1.3(I)-1      List of Owned Real Property
SCHEDULE 8.1.3(I)-2      Excerpts of the land registers relating to Owned Real Property
SCHEDULE 8.1.3(II)       List of Leased Real Property
SCHEDULE 8.1.3(IV)       List regarding condition of Owned Real Property
SCHEDULE 8.1.4(I)        Repair/maintenance of Material Assets
SCHEDULE 8.1.4(III)      Material Contracts
SCHEDULE 8.1.5(I)        List of certain intellectual property rights
SCHEDULE 8.1.5(II)-(1)   Dispute in relation to Intellectual Property Rights
SCHEDULE 8.1.5(II)-(2)   Potential Third Party Disputes in relation to Intellectual Property Rights
SCHEDULE 8.1.5(IV)       Licensed Intellectual Property Rights
SCHEDULE 8.1.6(II)       Information on Relevant Employees
SCHEDULE 8.1.6(III)      Labour disputes
SCHEDULE 8.1.6(VII)      Key Employees
SCHEDULE 8.1.8(I)        Legal Disputes Exceeding EUR 100,000
SCHEDULE 8.1.8(II)       Product liability disputes
SCHEDULE 8.1.9(II)       Proceedings in relation to Public Law Permits and Environmental Claims
SCHEDULE 8.1.10(I)       Contingent Liabilities
</TABLE>

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<TABLE>
<S>                      <C>
SCHEDULE 8.3-(1)         Persons whose knowledge is decisive for Seller's Best Knowledge
SCHEDULE 8.3-(2)         Persons to be enquired by persons listed in Schedule 8.3-(1)
SCHEDULE 9.10            Escrow Agreement
SCHEDULE 13.1            Provisional Supply Agreements
SCHEDULE 13.4            IP-Agreement
</TABLE>

                                        9
<PAGE>
PREAMBLE

(A)  WHEREAS, the Seller is a limited liability company (Gesellschaft mit
     beschraenkter Haftung) duly organized under the laws of the Federal
     Republic of Germany, registered with the commercial register of the local
     court (Amtsgericht) of Cologne under HRB 48451 ("SELLER");

(B)  WHEREAS, Sabina Illbruck ("SI"), residing at Engelbertstrasse 21, 51381
     Leverkusen, and Michael Illbruck ("MI"), residing at Dirschauerstrasse 5,
     81927 Munich, are the sole shareholders of the Seller;

(C)  WHEREAS, Tremco Germany GmbH is a limited liability company (Gesellschaft
     mit beschraenkter Haftung) duly organized under the laws of the Federal
     Republic of Germany, registered with the commercial register of the local
     court (Amtsgericht) of Dusseldorf under HRB 52143 ("GERMAN PURCHASER");

(D)  WHEREAS, RPOW UK Ltd. is a limited liability company duly organized under
     the laws of England and Wales, registered with the Company's House, under
     Company No 03205888 ("UK PURCHASER");

(E)  WHEREAS, RPM International Inc., a company duly organized under the laws of
     the US-State of Ohio with administrative headquarters at 2628 Pearl Road,
     Medina, Ohio 44258, is the ultimate shareholder of the Purchasers
     ("PURCHASERS' GUARANTOR");

(F)  WHEREAS, the Seller is the sole shareholder of illbruck Bau-Technik
     International GmbH, Germany, and of illbruck Holdings Ltd., United Kingdom,
     which both hold direct and indirect participations in companies specialised
     in the development, production and distribution of, in particular, high
     performance sealant and adhesive systems for construction, window and door
     applications. illbruck Bau-Technik International GmbH, illbruck Holdings
     Ltd. and their respective subsidiaries constitute the sealant business unit
     of the Seller (such business unit, taken as a whole, hereinafter also
     referred to as the "BUSINESS") forming one of the leading European
     manufacturer of innovative and high quality sealant and adhesive products
     and systems;

(G)  WHEREAS, the Seller has determined to sell all shares in (I) illbruck
     Bau-Technik International GmbH, which the German Purchaser wishes to
     acquire, and in (II) illbruck Holdings Ltd., which the UK Purchaser wishes
     to acquire;

(H)  WHEREAS, the Seller has determined to assign the German Loan, the IT
     Hardware and the Seller's Intellectual Property Rights to the German
     Purchaser and to assign the UK Loan to the UK Purchaser;

(I)  WHEREAS, the Contractual Parties wish to enter into a non-competition
     agreement; NOW, THEREFORE, the Contractual Parties agree as follows:

1    THE GROUP COMPANIES

     1.1  Particulars of the Companies

          1.1.1 illbruck Bau-Technik International GmbH ("BIG") is a limited
               liability company (Gesellschaft mit beschraenkter Haftung) duly
               organized under the laws of the Federal Republic of Germany,
               registered with the commercial register of the local court
               (Amtsgericht) of Cologne under HRB 49216. The registered share
               capital (Stammkapital) of BIG amounts to DEM 7,500,000 (in words:
               Deutsche Mark seven million five hundred thousand). The
               registered share capital of BIG is divided into the following
               shares, all of which are held by the Seller (the "GERMAN SHARES",
               and each a "GERMAN SHARE"):

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<PAGE>
               (i)  one German Share with a nominal value (Nennbetrag) of DEM
                    50,000 (in words: Deutsche Mark fifty thousand);

               (ii) one German Share with a nominal value (Nennbetrag) of DEM
                    3,650,000 (in words: Deutsche Mark three million six hundred
                    and fifty thousand); and

               (iii) one German Share with a nominal value (Nennbetrag) of DEM
                    3,800,000 (in words: Deutsche Mark three million eight
                    hundred thousand).

               The Seller is the sole shareholder of BIG.

          1.1.2 illbruck Holdings Ltd ("UK-HOLDING"; collectively with BIG: the
               "COMPANIES"; either of BIG and UK-Holding: the "COMPANY"), is a
               limited liability company duly organized under the laws of
               England and Wales, registered with the Companies House, London,
               under Company No. 4737161. UK-Holding has an authorised share
               capital of GBP 5,000,000.00 (in words: British Pound five
               million) and an issued share capital of GBP 3,800,000.00 (in
               words: British Pound three million eight hundred thousand). The
               issued share capital of UK-Holding is divided into 3,800,000 (in
               words: three million eight hundred thousand) shares each with a
               nominal value of GBP 1.00 (in words: British Pound one)
               (collectively: "UK-SHARES" and each of them: "UK-SHARE"; the UK
               Shares and the German Shares collectively: the "SHARES"). The
               Seller is the sole shareholder of UK-Holding.

     1.2  Particulars of the Companies' Subsidiaries

          1.2.1 Subsidiaries of BIG

               BIG directly or indirectly holds shares or interests in the
               following subsidiaries (collectively: "BIG-SUBSIDIARIES"; each of
               them: "BIG-SUBSIDIARY"):

               (i)  illbruck Bau-Technik GmbH, Germany

                    BIG holds 100% (in words: one hundred per cent) of the
                    registered share capital (Stammkapital) of illbruck
                    Bau-Technik GmbH, a German limited liability company
                    (Gesellschaft mit beschraenkter Haftung) registered with the
                    commercial register of the local court (Amtsgericht) of
                    Cologne under HRB 49826). The registered share capital of
                    illbruck Bau-Technik GmbH amounts to EUR 1,176,000.00 (in
                    words: Euro one million one hundred and seventy six
                    thousand) and is divided into one share with a nominal value
                    (Nennbetrag) of EUR 1,175,500.00 (in words: Euro one million
                    one hundred and seventy-five thousand five hundred) and one
                    share with a nominal value (Nennbetrag) of EUR 500.00 (in
                    words: Euro five hundred).

               (ii) illbruck Sealant Systems B.V., The Netherlands

                    BIG holds 100% (in words: one hundred per cent) of the
                    shares in illbruck Sealant Systems B.V., a Dutch limited
                    liability company (Besloten Vennootschap) registered with
                    the commercial register of Rivierenland under B.V.-number
                    290 027. The share capital

                                       11
<PAGE>
                    (Geplaatst Aandelenkapital) of illbruck Sealant Systems B.V.
                    amounts to EUR 267,500 (in words: Euro two hundred
                    sixty-seven thousand and five hundred) and is divided into
                    5,350 (in words: five thousand three hundred and fifty)
                    shares with a nominal value (Nennbetrag) of EUR 50 (in
                    words: Euro fifty).

                    illbruck Sealant Systems B.V. directly or indirectly holds
                    shares or interests in the following BIG-Subsidiaries:

                    (a)  Arkelveste B.V., The Netherlands

                         illbruck Sealant Systems B.V. holds 100% (in words: one
                         hundred per cent) of the shares in Arkelveste B.V., a
                         Dutch limited liability company (Besloten Vennootschap)
                         registered with the commercial register of Rivierenland
                         under B.V.-number 611 51. The share capital (Geplaatste
                         Aandelenkapital) of Arkelveste B.V. amounts to EUR
                         226,890.11 (in words: Euro two-hundred twenty-six
                         thousand eight hundred and ninety and Euro Cent
                         eleven).

                    (b)  illbruck Sealant Systems Production S.A., Belgium

                         illbruck Sealant Systems B.V. holds 499 (in words: four
                         hundred and ninety-nine) shares in illbruck Sealant
                         Systems Production S.A., a Belgian stock company
                         (Societe Anonyme) registered with the commercial
                         register of Tournai under Company number 0427.432.577.
                         The share capital of illbruck Sealant Systems
                         Production S.A. amounts to EUR 125,000.00 (in words:
                         Euro one hundred and twenty-five thousand) and is
                         divided into 500 (in words: five hundred) shares. The
                         remaining share is held by Mr Fred van Gasteren.

                         illbruck Sealant Systems Production S.A. holds 100% (in
                         words: one hundred per cent) of the shares in Eurobond
                         S.A., a Belgian stock company (Societe Anonyme)
                         registered with the commercial register of Tournai
                         under company number 0460 460 879. The share capital of
                         Eurobond S.A.. amounts to EUR 285,077.55 (in words:
                         Euro two hundred eighty-five thousand and seventy-seven
                         and Euro Cent fifty-five) and is divided into 575 (in
                         words: five hundred seventy-five) A-shares and 575 (in
                         words: five hundred seventy-five) B-shares each with a
                         nominal value (Nennbetrag) of EUR 247,89 (in words:
                         Euro two hundred forty-seven and Euro Cent
                         eighty-nine).

                    (c)  PDR Recycling GmbH + Co KG, Germany

                         illbruck Sealant Systems B.V. holds a limited partner's
                         interest (Kommanditanteil) in PDR Recycling GmbH + Co
                         KG, a German limited partnership
                         (Kommanditgesellschaft) registered with the commercial
                         register of the local court (Amtsgericht) of Bayreuth
                         under HRA 2539. illbruck Sealant

                                       12
<PAGE>
                         Systems B.V. holds an interest with a registered
                         nominal amount (Haftsumme) of EUR 58,901.00 (in words:
                         Euro fifty-eight thousand nine-hundred and one) out of
                         a total limited partners' capital (Gesamtsumme der
                         Kommanditanteile) of EUR 708,190.00 (in words: Euro
                         seven-hundred eight thousand and one-hundred ninety).

                    (d)  PDR GmbH, Germany

                         illbruck Sealant Systems B.V. holds 9.214% (in words:
                         nine point two one four per cent) of the registered
                         share capital (Stammkapital) of PDR GmbH, a German
                         limited liability company (Gesellschaft mit
                         beschraenkter Haftung) registered with the commercial
                         register of the local court (Amtsgericht) of Bayreuth
                         under HRB 2084. The registered share capital of PDR
                         GmbH amounts to EUR 28,000.00 (in words: Euro
                         twenty-eight thousand). illbruck Sealant Systems B.V.
                         holds one share with a nominal value of EUR 2,580.00
                         (in words: Euro two thousand five hundred and eighty).
                         PDR GmbH is the sole general partner of PDR Recycling
                         GmbH + Co. KG without any participation in the capital
                         (ohne Kapitalbeteiligung).

                    (e)  illbruck Sealant Systems B.V. holds 100% (in words: one
                         hundred per cent) of the shares in Asbiton AG, a Swiss
                         stock corporation registered with the commercial
                         register of the Kanton Zurich under company number
                         CH-020.3.901.815-6 and currently under liquidation with
                         the liquidation proceedings presumably completed prior
                         to Closing Date.

                    (f)  illbruck Sealant Systems B.V. holds 100% (in words: one
                         hundred per cent) of the shares in Cocon Polska
                         Sp.z.o.o., a Polish limited liability company
                         registered with the commercial register of the district
                         court of Krakow under company number KRS 0000087578
                         currently under liquidation with the liquidation
                         proceedings presumably completed prior to Closing Date.

               (iii) illbruck Building Systems s.r.o., Czech Republic

                    BIG holds 100% (in words: one hundred per cent) of the
                    shares in illbruck Building Systems s.r.o., a Czech limited
                    liability company (Spolecnost s rucenim omezenym) registered
                    with the commercial register of the city court of Prague
                    under number C 1682 and ID-number 158 908 13.The share
                    capital of illbruck Building Systems s.r.o. amounts to CZK
                    1,200,000.00 (in words: Czech Crowns one million and two
                    hundred thousand).

               (iv) illbruck Systemy Uszcz. Sp.z.o.o., Poland

                    BIG holds 100% (in words: one hundred per cent) of the
                    shares in illbruck Systemy Uszcz. Sp.z.o.o., a Polish
                    limited liability company (Spolka z ograniczona
                    odpowiedzialnoscia) registered with the

                                       13
<PAGE>
                    commercial register of Krakow under number 96 230.The share
                    capital of illbruck Systemy Uszcz. Sp.z.o.o. amounts to PLN
                    3,202,000.00 (in words: Polish Zloty three million and two
                    hundred two thousand) and is divided into 3,202 (in words:
                    three thousand and two hundred two) shares with a nominal
                    value (Nennbetrag) of PLN 1,000.00 (in words: Polish Zloty
                    one thousand).

               (v)  illbruck Joints et Systemes S.A.S., France

                    BIG holds 100% (in words: one hundred per cent) of the
                    shares in illbruck Joints et Systemes S.A.S., a French stock
                    company (Societe par Actions Simplifiee) registered with the
                    commercial register of Strasbourg under TI-number 433 891
                    447 and under number 2000 B 1474. The share capital of
                    illbruck Joints et Systemes S.A.S. amounts to EUR
                    2,880,000.00 (in words: Euro two million eight hundred and
                    eighty thousand).

               (vi) illbruck Sealant Systems N.V., Belgium

                    BIG holds 99.75% (in words: ninety-nine point seven five per
                    cent) of the shares in illbruck Sealant Systems N.V., a
                    Belgian stock company (Naamloze Vennootschap) registered
                    with the commercial register of Antwerpes under BTW-number
                    472 189 961 and HR-number 340 498. The share capital of
                    illbruck Sealant Systems N.V. amounts to EUR 100,000.00 (in
                    words: Euro one hundred thousand) and is divided into 400
                    (in words: four hundred) shares with a nominal value
                    (Nennbetrag) of EUR 250.00 out of which 399 (in words: three
                    hundred ninety-nine) are held by BIG and 1 (in words: one)
                    is held by Mr Klaus Dieter Hillringhaus.

                    illbruck Sealant Systems N.V. holds 100% (in words: hundred
                    per cent) of the shares in Colymit Contractors N.V., a
                    Belgian stock company (Naamloze Vennootschap) registered
                    with the Commercial Register of Antwerp under company number
                    0406.409.016.

                    Colymit Contractors N.V. holds 100% (in words: one hundred
                    per cent) of the shares in Colymit N.V., a Belgian stock
                    company (Naamloze Vennootschap) registered with the
                    commercial register of Antwerpes under BE-number 403 812 285
                    and under HR-number 134 971. The share capital of Colymit
                    N.V. amounts to EUR 141,000.00 (in words: Euro one hundred
                    and forty-one thousand).

                    Colymit Contractors N.V. holds 100% (in words: one hundred
                    per cent) of the shares in Caseko Sealants B.V., a Dutch
                    limited liability company (Besloten Vennootschap) registered
                    with the commercial register of West-Brabant. The share
                    capital of Caseko Sealants B.V. amounts to EUR 18,151.21 (in
                    words: Euro eighteen thousand one hundred fifty-one and Euro
                    Cent twenty-one).

                                       14
<PAGE>
                    It is intended to merge Colymit Contractors N.V. onto
                    Colymit N.V. prior to Closing Date.

               (vii) illbruck Bau-Technik International GmbH holds 100% (in
                    words: one hundred per cent) of the shares in illbruck
                    Sealant Systems Inc., a company incorporated under the laws
                    of the US-State of Minnesota. illbruck Sealant Systems, Inc.
                    currently is under liquidation with the liquidation
                    proceedings presumably completed prior to the Closing Date.

          1.2.2 Subsidiaries of illbruck Holdings Ltd

               UK-Holding directly or indirectly holds shares or interests in
               the following subsidiaries (collectively: the "UK-SUBSIDIARIES";
               each of them: "UK-SUBSIDIARY"):

               UK-Holding is the sole shareholder of Alfas Group Limited, a
               limited liability company duly organized under the laws of
               England and Wales, registered with the Companies House, London,
               under Company No. 2448031. Alfas Group Limited has an authorised
               share capital of GBP 400,000, divided into 120,000 A ordinary
               shares of GPB 1 each, 20,000 B ordinary shares of GBP 1 each, and
               260,000 ordinary shares of GBP 1 each. The issued share capital
               of GBP 380,000.00 (in words: British Pound three hundred eighty
               thousand) is divided in 260,000 (in words: two hundred sixty
               thousand) ordinary shares each with a nominal value of GBP 1.00
               (in words: British Pound one) and 120,000 (in words: hundred and
               twenty thousand) shares classified "Ordinary A" each with a
               nominal value of GBP 1.00 (in words: British Pound one).

               Alfas Group Limited holds shares in the following subsidiaries:

               (i)  Alfas Group Limited is the sole shareholder of illbruck
                    Sealant Systems UK Limited, a limited liability company duly
                    organized under the laws of England and Wales, registered
                    with the Companies House, London, under Company No. 1583503.
                    illbruck Sealant Systems UK Limited. The issued share
                    capital of GBP 100,000.00 (in words: British Pound hundred
                    thousand) is divided in 100,000 (in words: hundred thousand)
                    ordinary shares each with a nominal value of GBP 1.00 (in
                    words: British Pound one).

               (ii) Alfas Group Limited is the sole shareholder of Compriband
                    Limited, a limited liability company duly organized under
                    the laws of England and Wales, registered with the Companies
                    House, London, under Company No. 2802593. The authorised and
                    issued share capital of GBP 600,000.00 (in words: British
                    Pound six hundred thousand) is divided in 300,000 (in words:
                    three hundred thousand) shares classified "Ordinary A" each
                    with a nominal value of GBP 1.00 (in words: British Pound
                    one) and 300,000 (in words: three hundred thousand) shares
                    classified "Ordinary B" each with a nominal value of GBP
                    1.00 (in words: British Pound one).

                                       15
<PAGE>
          The Companies, the BIG-Subsidiaries and the UK-Subsidiaries, except
          for Colymit Contractors N.V., Asbiton AG, Cocon Polska Sp.z.o.o. and
          illbruck Sealant Systems Inc., are hereinafter collectively referred
          to as the "GROUP COMPANIES" and each of them as "GROUP COMPANY". The
          shares of, including the partner's interest in, the Group Companies
          are collectively referred to as the "GROUP SHARES".

2    AGREEMENT TO SELL AND TRANSFER THE SHARES AND THE SELLER'S INTELLECTUAL
     PROPERTY RIGHTS; AGREEMENT RE ASSIGNMENT OF SELLER'S LOANS; TRANSFER OF
     CONTRACTS

     2.1  On and subject to the terms of this Agreement, the Seller hereby sells
          in personam (schuldrechtlich) the German Shares to the German
          Purchaser and the German Purchaser hereby accepts such sale of the
          German Shares.

     2.2  On and subject to the terms of this Agreement, the Seller hereby sells
          in personam (schuldrechtlich) the UK-Shares and the UK Loan as further
          specified in SCHEDULE 2.2 to the UK Purchaser and the UK Purchaser
          hereby accepts such sale of the UK-Shares and the UK Loan.

     2.3  On and subject to the terms of this Agreement, the Seller hereby sells
          in personam (schuldrechtlich) the German Loan to the German Purchaser.
          The German Purchaser hereby accepts such sale of the German Loan.

     2.4  On and subject to the terms of this Agreement, the Seller hereby sells
          in personam (schuldrechtlich) the Seller's Intellectual Property
          Rights as well as the IT Hardware to the German Purchaser. The German
          Purchaser hereby accepts the sale of the Seller's Intellectual
          Property Rights as well as the IT Hardware.

     2.5  The Seller hereby agrees to transfer in rem (dinglich) the German
          Shares, the Seller's Intellectual Property Rights, the IT Hardware and
          the German Loan to the German Purchaser, and the German Purchaser
          hereby agrees to accept such transfer of the German Shares, the
          Seller's Intellectual Property Rights, the IT Hardware and the German
          Loan. The transfer of the German Shares, the Seller's Intellectual
          Property Rights, the IT Hardware and the German Loan shall be
          conditional (aufschiebend bedingt) to

          2.5.1 the Closing Conditions having all occurred; and

          2.5.2 the Preliminary Purchase Price having been received by the
               Seller and the Escrow Agents as specified in Clause 3.3.1.

     2.6  The Seller and the UK Purchaser agree that the UK-Shares are not
          transferred by virtue of this Agreement but will be transferred with
          effect in rem (mit dinglicher Wirkung) at the Closing by means of a
          separate stock transfer deed substantially in the form as attached
          hereto as SCHEDULE 2.6. The Seller hereby agrees to transfer in rem
          (dinglich) the UK Loan to the UK Purchaser and the UK Purchaser hereby
          agrees to accept such transfer of the UK Loan. The transfer of the UK
          Loan shall be conditioned to Clause 2.5.1 and 2.5.2.

     2.7  The Shares, the Seller's Intellectual Property Rights, IT Hardware and
          the Seller's Loans shall be sold together with all rights and
          obligations attaching to them as at the Closing Date (including,
          without limitation, the right to receive all dividends or
          distributions declared, made or paid on or after the Closing Date, and
          profit

                                       16
<PAGE>
          generated during the current business year, including the period up to
          the Closing Date, and interest, etc.) except as contemplated otherwise
          in Clause 13.3.6.

     2.8  The Parties are aware that some contracts including, without
          limitation thereto, the contracts listed in SCHEDULE 2.8 for the
          provision of services, etc. (e.g. lease agreements, hardware and
          software licence agreements, etc.) to the Business as it has been
          operated in the past have been entered into by the Seller (the
          "CONTRACTS"). The Parties hereby acknowledge that the transfer of
          those Contracts requires the consent of the respective contractual
          partner (the "COUNTERPARTY"). The Parties shall jointly make intensive
          endeavours to obtain the consent of third parties if this is necessary
          for the transfer of the Contracts and entry into the Contracts as of
          Closing or without any undue delay thereafter. Should a Counterparty
          to any Contract not consent to the assumption of such Contract by one
          of the Purchasers, the Seller shall, upon request of the Purchasers,
          continue the respective contract for the benefit and at the expense of
          the Group Companies if legally possible.

3    PURCHASE PRICE; PRELIMINARY PURCHASE PRICE AND PURCHASE PRICE ADJUSTMENT

     3.1  Purchase Price

          The "PURCHASE PRICE" to be paid by Purchasers as joint and several
          debtors to the Seller for the Shares, the Seller's Intellectual
          Property Rights, the IT Hardware and the Seller's Loans as sold and
          purchased hereunder shall be the aggregate of a fixed amount of EUR
          115,000,000 (in words: Euro one hundred and fifteen million) ("FIXED
          AMOUNT") subject to the adjustments specified in Clause 3.2.

     3.2  Purchase Price Adjustments

          3.2.1 The Purchase Price shall be decreased by the Debt as defined in
               Clause 3.2.1 (i) below and increased by the Cash as defined in
               Clause 3.2.1 (ii) below.

               (i)  "DEBT" shall be the aggregate consolidated nominal amount of
                    the following financial debt obligations
                    (Finanzverbindlichkeiten) of the Group Companies as of the
                    Effective Date:

                    (a)  liabilities from borrowings within the meaning of
                         Section 266 para 3 C no 1 HGB;

                    (b)  liabilities owed to credit institutions
                         (Verbindlichkeiten gegenueber Kreditinstituten) within
                         the meaning of Section 266 para. 3 C no 2 HGB);

                    (c)  liabilities from the acceptance of drawn bills of
                         exchange (gezogene Wechsel) and the issue of own bills
                         of exchange (Austellung eigener Wechsel) within the
                         meaning of Section 266 para. 3 C no. 5 HGB;

                    (d)  the amount payable pursuant to Clause 13.3.6 if BIG is
                         a debtor thereunder;

               (ii) "CASH" shall be the aggregate consolidated amount of the
                    following items of cash and cash equivalents of the Group
                    Companies as of the Effective Date:

                                       17
<PAGE>
                    (a)  cash, cash in banks and cash equivalents within the
                         meaning of Section 266 para. 2 (B) (IV) HGB as well as
                         the consolidated amount of securities (sonstige
                         Wertpapiere) within the meaning of Section 266 para. 2
                         lit. (B) (III) (3) HGB.

                    (b)  The amount payable pursuant to Clause 13.3.6 if the
                         Seller is a debtor thereunder.

          3.2.2 The Purchase Price shall be increased or decreased, as the case
               may be, on a Euro-for-Euro basis, by any increase or decrease in
               the Business' Net Working Capital as of the Closing Date from EUR
               33,400,000 (in words: Euro thirty three million and four hundred
               thousand). Such calculation is based on and derived from the
               Consolidated Effective Date Accounts. As used in this Agreement,
               "NET WORKING CAPITAL" shall mean the difference between the
               aggregate book values of Trade Accounts Receivable (Forderungen
               aus Lieferungen und Leistungen) within the meaning of section 266
               paragraph 2 B II. No. 1 HGB, Inventory (Vorraete) within the
               meaning of section 266 paragraph 2 B I. No. 1 to 4 HGB, and
               Accrued Expenses (Rechnungsabgrenzungsposten) within the meaning
               of section 266 paragraph 2 C. HGB, minus the aggregate book value
               of Trade Accounts Payable (Verbindlichkeiten aus Lieferungen und
               Leistungen) within the meaning of section 266 paragraph 3 C No. 4
               HGB and Accrued Income (Rechnungsabgrenzungsposten) within the
               meaning of section 266 paragraph 3 D HGB.

          3.2.3 The Purchase Price shall be decreased on a Euro-for-Euro basis,
               by any decrease in the Group Companies' consolidated Equity as of
               the Closing Date from EUR - 10,000,000 (in words: Euro minus ten
               million). Such a calculation shall be based on and derived from
               the Consolidated Effective Date Accounts. As used in this
               Agreement, "EQUITY" shall have the meaning as given in Section
               266 (3) A of the HGB. For the avoidance of doubt, it is hereby
               stated that if the Equity is negative (i.e. a capital deficit
               (nicht durch Eigenkapital gedeckter Fehlbetrag) within the
               meaning of section 268 para 3 of the HGB), a higher capital
               deficit shall lead to a decrease and a lower capital deficit
               shall lead to an increase in the Purchase Price Adjustment.

          3.2.4 The Parties hereby agree that each event is to be taken into
               consideration only once and in the following sequence: (1)
               Purchase Price Adjustment and (2) Guarantees.

     3.3  Preliminary Purchase Price

          3.3.1 The Seller shall at least 10 (in words: ten) Business Days prior
               to the Closing Date deliver to the Purchasers an estimate,
               calculated in good faith, of the (1) Debt and Cash, (2) the
               Seller's Loans, (3) Net Working Capital, and (4) the Group
               Companies' consolidated Equity existing on the Effective Date
               (the "ESTIMATED EFFECTIVE DATE STATEMENT"). The Fixed Amount
               increased or decreased by the Debt, the Cash, the adjustment
               amount of Net Working Capital and the adjustment amount of the
               Group Companies' consolidated Equity as shown in the Estimated
               Effective Date Statement, shall be the preliminary purchase price
               to be paid at Closing

                                       18
<PAGE>
               ("PRELIMINARY PURCHASE PRICE"). On the Closing Date, the
               Preliminary Purchase Price becomes due and payable and shall be
               credited on the same day, as follows:

               (a)  85% of the Preliminary Purchase Price shall be paid into the
                    Seller's Account;

               (b)  15% of the Preliminary Purchase Price shall be paid into the
                    Escrow Account (the "ESCROW AMOUNT").

          3.3.2 If on the basis of the Effective Date Statement, the Purchase
               Price is higher than the Preliminary Purchase Price, the
               Purchasers shall pay to the Seller an amount equal to the amount
               by which the Purchase Price exceeds the Preliminary Purchase
               Price. If on the basis of the Effective Date Statement the
               Preliminary Purchase Price is higher than the Purchase Price, the
               Seller shall pay to the Purchasers an amount equal to the amount
               by which the Preliminary Purchase Price exceeds the Purchase
               Price. Any such amount to be paid by either the Purchasers or the
               Seller ("PURCHASE PRICE ADJUSTMENT") shall be paid within 10 (in
               words: ten) Business Days after the Effective Date Statement has
               become final and binding upon the Parties in accordance with
               Clause 4.3 to the Seller's Account or the Purchasers' Account as
               the case may be. Any Purchase Price Adjustment shall bear
               interest as from Effective Date until the date of the actual
               payment at a rate per annum of 4% (in words: four per cent) above
               the Base Interest Rate. Interest shall be calculated on the basis
               of actual days elapsed and a calendar year with 360 (in words:
               three hundred sixty) days. Any Purchase Price Adjustment due by
               Seller shall be paid in one amount to Purchasers; the
               distribution between the Purchasers shall be dealt with
               internally by them.

4    EFFECTIVE DATE STATEMENT

     4.1  Preparation of the Effective Date Statement

          The Purchase Price shall be bindingly determined in the Effective Date
          Statement.

          The "EFFECTIVE DATE STATEMENT" shall show (1) the Debt and the Cash
          (2) the Seller's Loans, (3) the Net Working Capital, and (4) the Group
          Companies' consolidated Equity, each existing as per the Effective
          Date, as well as any Purchase Price Adjustment resulting there from.

          The Effective Date Statement shall be prepared by the Seller by
          applying the figures of the Consolidated Effective Date Accounts. The
          Consolidated Effective Date Accounts shall be prepared by the Seller
          in accordance with German GAAP, whereby the virtual character of the
          consolidation has to be taken into account, using the accounting
          principles used in preparing the virtual consolidated accounts of the
          Business as of 31 December 2004. The virtual consolidated accounts of
          the Business as of 31 December 2004 were based on the Consolidated
          Audited Accounts. In the event of discrepancies between German GAAP
          and the principles applied in the past, German GAAP shall prevail
          taking the virtual character of the consolidation into account. The
          aforementioned determination of the Consolidated Effective Date
          Accounts shall include the following joint understanding of the
          Parties,

                                       19
<PAGE>
          which shall be binding for the Seller, Purchasers and Neutral Auditor,
          even if they deviate from the principles set forth in this third
          sub-paragraph of Clause 4.1.

          4.1.1 The Seller's Loans shall be accounted for at nominal value.

          4.1.2 No reserve shall be made for the costs mentioned in Clause
               13.3.7

          The Purchasers shall after the Closing Date instruct the management of
          each Group Company to effectively assist the Seller in the preparation
          of the Consolidated Effective Date Accounts and the Effective Date
          Statement and give the Seller and the Seller's Auditor access to any
          information reasonably requested by the Seller for this purpose.

     4.2  Delivery of Effective Date Statement; Work Papers

          The Effective Date Statement prepared by the Seller shall be delivered
          by the Seller to the Purchasers no later than 60 (in words: sixty)
          Business Days after the Closing Date. The Purchasers and its
          representatives shall have the right to examine and make copies of the
          work papers and other documents generated or reviewed in connection
          with the preparation of the Consolidated Effective Date Accounts and
          the Effective Date Statements.

     4.3  Binding Effect; Revised Effective Date Statement

          The determination of (1) the Debt and Cash, (2) Seller's Loans, (3)
          the Net Working Capital, and (4) the Group Companies consolidated
          Equity shall be based on the Effective Date Statement to the extent
          that the Purchasers does not within 30 (in words: thirty) Business
          Days after the receipt of the Effective Date Statement provide the
          Seller with a written report asserting that the Effective Date
          Statement received from the Seller does not meet the provisions of
          this Agreement by way of stating specific objections to that effect.
          In such event a revised Effective Date Statement shall be prepared by
          the Purchasers and submitted to the Seller within a further 30 (in
          words: thirty)-Business Day period which shall take into account the
          changes that are necessary in the Purchasers' view ("REVISED EFFECTIVE
          DATE STATEMENT"). At Seller's request Seller's Auditor shall receive
          all necessary assistance and shall be given access to the management
          of the Group Companies and to all documentation relevant for reviewing
          the Revised Effective Date Statement, including the working papers of
          the Purchasers. If no written objections are raised by the Seller
          within 30 (in words: thirty) Business Days following the delivery of
          the Revised Effective Date Statement by the Purchasers, then the
          Revised Effective Date Statement shall be final and binding on the
          Parties and the determination of (1) the Debt and Cash, (2) the
          Seller's Loans, (3) the Net Working Capital, and (4) the Group
          Companies consolidated Equity, each existing as per the Effective
          Date, as well as any Purchase Price Adjustment resulting there from,
          shall be based on the Revised Effective Date Statement.

     4.4  Arbitration Proceedings

          If, after the Seller having raised in time and due form its objections
          against the Revised Effective Date Statement ("OBJECTIONS"), the
          Parties cannot agree on the changes to the Revised Effective Date
          Statement within 30 (in words: thirty) Business Days following the
          delivery of the Objections, each Party shall be entitled to request
          the Institut der Wirtschaftspruefer in Deutschland e.V., Duesseldorf,
          to appoint an auditor to act as an arbitrator (Schiedsgutachter)
          ("NEUTRAL AUDITOR") to

                                       20
<PAGE>
          determine the correct amount of the Debt, the Cash, the Seller's
          Loans, the Net Working Capital and the Group Companies' consolidated
          Equity as at the Effective Date, if and to the extent such positions
          are in dispute between the Parties. The Neutral Auditor shall decide
          in accordance with the principles set out in Clause 4.1 on the issues
          in dispute within 30 (in words: thirty) Business Days after being
          appointed. The Neutral Auditor shall give the Parties adequate
          opportunity to present their views in writing and at a hearing or
          hearings to be held in the presence of the Parties and their advisors.
          The Neutral Auditor shall give reasons for its decision and on all
          issues, which are in dispute between the Parties. The Effective Date
          Statement as determined by the Neutral Auditor shall be final and
          binding (having the effect of a Schiedsgutachten within the meaning of
          Sections 317 et seq. BGB).

     4.5  Costs of Reviews

          The direct, actual costs of the preparation of the Effective Date
          Statement as well as of the Consolidated Effective Date Accounts shall
          be borne by the Purchasers and all costs arising out of or in
          connection with the review by the Purchasers shall be borne by the
          Purchasers. In the case of arbitration proceedings referred to in
          Clause 4.4 the Neutral Auditor shall decide upon the allocation of its
          costs and expenses in accordance with Sections 91 et seq. ZPO.

5    TERMINATION AND CLEARING OF AGREEMENTS, ETC. AMONG RELATED COMPANIES

     5.1  Termination

          The Seller shall procure that with effect as of the Closing Date all
          agreements, liabilities, contingent liabilities, etc. between the
          Seller's Side, on the one hand and any of the Group Companies on the
          other hand (such agreements, liabilities, contingent liabilities, etc.
          listed - without limitation thereto - in SCHEDULE 5.1), except for
          Seller's Loans, even though listed in SCHEDULE 5.1 and the amount
          payable pursuant to Clause 13.3.6, are terminated in such a way that
          no party to any of those agreements has a claim or a liability under
          any of those agreements.

     5.2  Assignment and Assumption

          The Seller shall procure that prior to, or on the Closing Date

          5.2.1 the outstanding balances (including interest accrued thereon)
               payable to the Group Companies by the Seller's Side other than
               the Group Companies ("NON-SBU-ENTITIES" or each individually the
               "NON-SBU-ENTITY") under the intercompany financing agreements
               including the respective loans listed in SCHEDULE 5.2.1 or for
               goods delivered or for services provided or under any other
               agreement, each of the outstanding balances existing as per the
               Closing Date (herein "SELLER'S FINANCING PAYABLES") shall be
               assumed by the Seller with full release of the respective
               Non-SBU-Entity (befreiende Schulduebernahme), providing in each
               case the consent of the respective Group Company to such change
               of debtor (Zustimmung zum Schuldnerwechsel); and

          5.2.2 the outstanding balances (including interest accrued thereon)
               payable by the Group Companies to the Seller's Side under the
               inter-company financing agreements including the respective loans
               listed in

                                       21
<PAGE>
               SCHEDULE 5.2.1 or for goods delivered or services provided or
               under any other agreement each of the outstanding balances
               existing on the Effective Date (herein "SELLER'S FINANCING
               RECEIVABLES") shall be assigned (abgetreten) by the Seller's Side
               to the Seller; and

          5.2.3 the outstanding Seller's Financing Receivables existing as per
               the Effective Date payable by any of the Group Companies other
               than BIG to any Non-SBU-Entity shall be assumed by BIG for due
               consideration with full release of the respective Group Company
               (befreiende Schulduebernahme) providing in each case the consent
               of the respective Non-SBU-Entity other than the Seller to such
               change of debtor (Zustimmung zum Schuldnerwechsel); and

          5.2.4 the outstanding Seller' Financing Payables existing as per the
               Effective Date payable to any of the Group Companies other than
               BIG by any Non-SBU-Entity shall be assigned by the respective
               Group Company to BIG.

     5.3  Offsetting

          The Seller's Financing Payables as well as any outstanding balance
          payable by the Seller to BIG shall be offset (aufgerechnet) against
          the Seller's Financing Receivables as well as any outstanding payable
          by BIG to the Seller, each as of Closing Date (herein "OFFSETTING").
          Seller shall procure that the respective debtor and creditor agree
          upon the balance being due at Closing Date.

          Claims resulting from the profit-and-loss pooling agreement existing
          between Seller and BIG shall be excluded from the offsetting. The
          party liable for payment of such claim under the profit-and-loss
          pooling agreement between Seller and BIG shall pay the due amount
          without undue delay as soon as the Accounts 2005 or the Revised
          Accounts 2005, as applicable, shall be final and binding on the
          Parties. Should BIG be liable for such claim, Purchasers will procure
          that the obligation of such payment will be fulfilled by BIG as
          provided for in the prior sentence.

          The Offsetting shall not result in any adjustment, positive or
          negative, to any element included in the calculation of the Net
          Working Capital or the Equity.

          The amount owed by BIG to the Seller once the Offsetting has been
          consummated shall be referred to as the "GERMAN LOAN".

     5.4  Clauses 5.2 and 5.3 shall not apply to the UK Loan.

6    RIGHTS AND COVENANTS BETWEEN SIGNING AND CLOSING

     6.1  Merger Control Proceedings

          6.1.1 The Purchasers shall ensure that any filings to be made with the
               Federal Cartel Office (Bundeskartellamt; "COMPETENT AUTHORITIES")
               will be made at the latest within 10 (in words: ten) Business
               Days after the Signing Date, unless the applicable laws and
               regulations require an earlier filing. Such filings shall be made
               by the Purchasers also on behalf of the Seller, provided,
               however, that the contents of such filings shall require prior
               written approval of the Seller, which shall not unreasonably be
               withheld. Any filings with the Competent Authorities shall be
               provided to the Seller at least 3 (in words: three) Business Days
               prior to filing.

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<PAGE>
          6.1.2 The Parties shall closely co-operate in the preparation of such
               filings. Each Party shall without undue delay provide the other
               Parties with copies of any correspondence with the Competent
               Authorities and with copies of any written statement, order or
               decision of the Competent Authorities. The Parties shall closely
               co-operate in any discussions and negotiations with the Competent
               Authorities with the objective to obtain clearance for the
               transaction contemplated by this Agreement in the shortest time
               period possible.

          6.1.3 The Purchasers may withdraw (zuruecknehmen) filings with the
               Competent Authorities or agree with them on the extension of any
               examination period only with the express prior written consent of
               the Seller.

          6.1.4 Commercially or otherwise sensitive information on the Seller or
               any of the Seller's Affiliates other than the Group Companies -
               required for the merger control proceedings or other statutory or
               regulatory requirements ("SENSITIVE INFORMATION") shall only be
               provided by the Seller to the Purchasers' external advisors
               directly involved in such proceedings, but not to the Purchasers
               themselves. The Seller may refuse to provide Sensitive
               Information if the respective external advisors do not confirm in
               writing that they will keep Sensitive Information confidential
               and, in particular, that they will not disclose Sensitive
               Information vis-a-vis the Purchasers. This Clause 6.1.4 shall
               apply mutatis mutandis to commercially or otherwise sensitive
               information on the Purchasers or any of the Purchasers'
               Affiliates.

          6.1.5 If the Competent Authorities have not cleared the transaction
               contemplated by this Agreement within 4 (in words: four) months
               from the date of this Agreement, either Party shall be entitled
               (in addition to and without prejudice to all other rights or
               remedies available, including the right to claim damages) to
               terminate (zuruecktreten) this Agreement without liability on its
               part. After a termination in accordance with this Clause 6.1.5,
               this Agreement shall cease to have force and effect and shall not
               create any binding obligation between the Contractual Parties
               except that Clauses 12, 15 and 16 shall remain in force and
               effect.

     6.2  Pre-Closing Rights and Covenants of the Seller

          6.2.1 Between the Signing Date and the Closing Date, the Seller shall
               procure, to the extent permissible under applicable law, that

               (i)  the Group Companies conduct their business operations in the
                    ordinary course of business and substantially in the same
                    manner as before;

               (ii) any investment or business decision neither contained in the
                    respective Group Company's investment plan nor otherwise to
                    be regarded as falling within the ordinary course of
                    business which results (A) in annual payment obligations or
                    direct expenditures of more than EUR 250,000 (in words: Euro
                    two hundred and fifty thousand), or (B), in the case of the
                    signing of a contract, in annual payment obligations of
                    either contractual party of more than EUR 150,000 (in words:
                    Euro one hundred and fifty thousand) and a duration of more
                    than 1 (in words: one) year (each of these

                                       23
<PAGE>
                    investments or business decisions hereinafter referred to as
                    "INVESTMENT") shall only be taken/signed after the
                    Purchasers have approved such Investment. If the Group
                    Companies in relation to such Investment act in accordance
                    with the approval or non-approval of the Purchasers, this
                    shall neither directly nor indirectly lead to any liability
                    of the Seller vis-a-vis the Purchasers under this Agreement,
                    in particular on the basis of Clauses 8 to 10, unless the
                    Seller or the Group Companies retained information available
                    to it/them required for the assessment of the adverse
                    consequences of such Investment;

               (iii) upon Purchasers' request, the management, employees and
                    advisors of the Purchasers shall get reasonable access to
                    information on the Group Companies, in particular on the
                    development of the Business in 2005, provided that the
                    respective persons are either bound by the Confidentiality
                    Agreement or subject to professional secrecy obligations.

               (iv) the Purchasers are immediately informed of any change in the
                    Business that has a Materially Adverse Effect. "MATERIALLY
                    ADVERSE EFFECT" shall mean (A) any incident that leads, on
                    the basis of the relevant business plan, to a loss on the
                    part of any of the Group Companies in excess of EUR 250,000
                    (in words: Euro two hundred and fifty thousand), or (B) the
                    termination of a contract entered into by any of the Group
                    Companies with annual payment obligations of either
                    contractual party in excess of EUR 150,000 (in words: Euro
                    one hundred and fifty thousand);

               (v)  upon written request by the UK Purchaser, the Seller shall
                    procure that illbruck Sealant Systems UK Ltd. exercises its
                    termination right regarding its lease agreements for the
                    Coalville real estate with effect as of 31 January 2006,
                    provided that such written request is received by the Seller
                    by 28 July 2005 at the latest.

          6.2.2 Until the Effective Date the Seller shall have the right to
               procure that the Group Companies assign to him the claims
               (Forderungen) listed in SCHEDULE 6.2.2.

          6.2.3 The Seller shall use its reasonable best efforts (nach Kraeften
               bemuhen) to obtain all Third Party approvals, consents and
               authorisations which are necessary for the continuation by any of
               the Group Companies, without breach or default as a result of
               this Agreement, of all contracts containing a change of control
               clause.

          6.2.4 Seller shall procure that the profit and loss pooling agreement
               (Ergebnisabfuehrungsvertrag) between Seller and BIG shall be
               terminated as of Effective Date.

          6.2.5 Seller shall inform the German Purchaser immediately after
               having become aware of any breach of Seller's Guarantees between
               the Signing Date and the Closing Date and start the remediation
               of such breach irrespective of Purchasers' rights pursuant to
               Clause 7.2.4.

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<PAGE>
7    CLOSING; CLOSING CONDITIONS

     7.1  Closing; Closing Date

          Unless the Parties agree otherwise, the consummation of the
          transaction contemplated in this Agreement ("CLOSING") shall take
          place at 2.00 pm (CET) at the offices of Linklaters Oppenhoff &
          Raedler, Prinzregentenplatz 10, 81675 Munich and when the Closing
          Conditions set forth in Clause 7.2 are satisfied (or are duly waived
          by mutual agreement of the Parties) on the last Business Day of the
          respective calendar month, provided that, in the event the amendments
          of the respective business year (Geschaeftsjahr) of the Group
          Companies listed in SCHEDULE 7.1 to commence on the Effective Date
          have not been approved by or registered with effect with the competent
          authorities (in particular the Tax Authorities and the Commercial
          Register), the Seller may postpone the Closing by providing the
          Purchasers with at least 2 (in words: two) Business Days written
          notice prior to the otherwise scheduled Closing of such non-approval
          or non-registration. In such case, Closing shall occur on the last
          Business Day of the calendar month in which the Seller provides the
          Purchasers with at least 2 (in words: two) Business Days written
          notice prior to this last Business Day that the change of the business
          year has been registered or will be registered prior to Closing.

          The date on which the Closing shall occur in accordance with this
          Clause 7.1 shall herein be referred to as the "CLOSING DATE".

     7.2  Closing Conditions

          The consummation of the transaction contemplated in this Agreement
          shall be subject to the satisfaction of the following conditions to
          Closing ("CLOSING CONDITIONS", each a "CLOSING CONDITION"):

          7.2.1 Dresdner Bank AG and Sparkasse Leverkusen have confirmed in
               writing that the pledge of the shares in illbruck Holdings Ltd.
               has been terminated and that they no longer have any rights in
               the shares in illbuck Holdings Ltd and the Dresdner Bank AG has
               further released BIG and illbruck Bau-Technik GmbH from the
               contingencies listed under No. 7 and 8 in Schedule 8.1.10.(i).

          7.2.2 Merger control clearance by the Competent Authorities has been
               obtained or is deemed to have been obtained pursuant to
               applicable statutory law.

          7.2.3 The consultation/information of the French works Council has
               taken place.

          7.2.4 If a Material Adverse Change shall have occurred, the Seller
               shall have accepted the Purchaser's Modification Proposal.

               (i)  "MATERIAL ADVERSE CHANGE" shall mean the occurrence of any
                    one or more of the following after the Signing Date and
                    prior to the Closing Date:

                    (a)  any damage to or destruction of assets of any of the
                         Group Companies, irrespective of cause, which assets
                         have a value of EURO 5 million (in words: Euro five
                         million) or more;

                    (b)  except for tax audits (Betriebspruefungen) the
                         commencement of any governmental investigation into the
                         business of any

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<PAGE>
                         one or more of the Group Companies which, if adversely
                         determined, can reasonably be expected to result in a
                         financial cost or other adverse financial impact to the
                         Group Companies of EUR 5 million (in words: Euro five
                         million) or more;

                    (c)  the occurrence of any event which if adversely
                         determined can reasonably be expected to expose one or
                         more of the Group Companies to an Environmental Claim
                         of EUR 5 million (in words: Euro five million) or more;
                         or

                    (d)  if, at the Closing Date, any four or more of the
                         following six Key Employees are no longer employed by
                         the Group Companies for any reason: Reiner Eisenhut,
                         Walter Geyer, Dr. Juergen Hess, Klaus Dieter
                         Hillringhaus, Fred van Gasteren and Matthias Wagner.

               (ii) Upon the occurrence of Material Adverse Change, the
                    Purchasers shall be obligated, at their election, to: (A)
                    consummate the transaction contemplated herein on the terms
                    set forth in this Agreement or (B) propose to the Seller
                    reasonable adjustments to the terms of this Agreement,
                    including adjustments to the Purchase Price, generally
                    designed in so far as is practicable, to put the Purchasers
                    in the position they would have been in had the Material
                    Adverse Change not occurred (a "MODIFICATION PROPOSAL"). If
                    the Seller shall not have accepted the Purchaser's
                    Modification Proposal within 10 days of the date thereof,
                    the Purchasers may terminate this Agreement without any
                    liability to the Seller whatsoever.

     7.3  Obligations with Respect to the Closing Conditions

          The Parties undertake to use their best efforts and to cause the
          Closing Conditions to be satisfied as soon as possible. With regard to
          the merger control clearance, the obligations of the Seller and the
          Purchasers are more specifically set out in Clause 6.1 above. The
          Parties shall inform each other in writing within a period of 2 (in
          words: two) Business Days of the fact that a Closing Condition has
          been satisfied, by which act the due fulfilment of this Closing
          Condition shall be deemed to have been satisfied.

     7.4  Actions on Closing

          7.4.1 On Closing, the Seller shall deliver or make available to the
               Purchasers evidence that the person(s) acting in the name and on
               behalf of the Seller is/are authorised to execute this Agreement.

          7.4.2 On Closing, each Purchaser shall deliver or make available to
               the Seller evidence that the person(s) acting in the name and on
               behalf of the respective Purchaser is/are authorised to execute
               this Agreement.

          7.4.3 On Closing, after the performance of the Seller's obligations
               set forth in Clause 7.4.1 the Purchasers shall pay the
               Preliminary Purchase Price to the Seller in the way specified in
               the last sentence of Clause 3.3.1.

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<PAGE>
          7.4.4 On Closing, the Seller shall deliver to the Purchasers a
               statement substantially in the form set out in SCHEDULE 7.4.4,
               stating that all agreements, etc. (except for Seller's Loans) to
               be terminated pursuant to Clause 5 have been terminated.

          7.4.5 On Closing, simultaneously (Zug um Zug) with the payment of the
               Preliminary Purchase Price the Seller shall transfer the
               UK-Shares to the UK Purchaser by way of a separate stock transfer
               deed as set out in Clause 2.6 and, further, the IP-Agreement as
               described in greater detail in Clause 13.4 shall enter into
               force.

          7.4.6 On Closing, the Seller and the Purchasers shall sign a
               cross-receipt, substantially in the form as set forth in SCHEDULE
               7.4.6, evidencing (I) the fulfilment of the Closing Conditions
               set forth in Clause 7.1, and (II) the receipt by the Seller of
               the Preliminary Purchase Price.

          7.4.7 Once the cross-receipt has been signed pursuant to Clause 7.4.6,
               the agreement in the form set forth in SCHEDULE 7.4.7 (the
               "LEVERKUSEN LEASE AGREEMENT") shall enter into force.

     7.5  Consequences of Non-Compliance/Failure of Closing

          7.5.1 Rights in the Case of Non-Compliance

               If the Seller or the Purchasers fail to comply with any
               obligation set forth in this Clause 7, the Purchasers, in the
               case of non-compliance by the Seller, or the Seller, in the case
               of non-compliance by any of the Purchasers, shall be entitled (in
               addition to and without prejudice to all other rights or remedies
               available, including the right to claim damages) by written
               notice to either the Seller or the Purchasers as the case may be:

               (i)  to fix a new date for Closing (not being more than 30 (in
                    words: thirty) Business Days after the initial Closing Date)
                    in which case the provisions of this Clause 7, in particular
                    Clause 7.5.1(ii), shall apply to Closing as so deferred but
                    provided such deferral may only occur once; or

               (ii) to terminate (zuruecktreten) this Agreement without
                    liability on its part. After a termination in accordance
                    with this Clause 7.5.1, this Agreement shall cease to have
                    force and effect and shall not create any binding obligation
                    between the Contractual Parties except that Clauses 12, 15
                    and 16 shall remain in force and effect.

          7.5.2 Right in the Case of Failure of Closing

               If the Closing has not occurred within a period of 5 (in words:
               five) months commencing with the Signing Date, either Party may
               terminate (zuruecktreten) this Agreement. Any termination under
               this Clause 7.5.2 shall be valid only if the recipient Party has
               received such written notice of termination prior to the date on
               which the relevant Closing Condition has been satisfied or
               waived. The last sentence of Clause 7.5.1(ii) shall apply mutatis
               mutandis.

8    SELLER'S GUARANTEES; SELLER'S BEST KNOWLEDGE

                                       27
<PAGE>
     The Seller hereby guarantees to the Purchasers by way of an independent
     promise of guarantee pursuant to Section 311 para. 1 BGB (selbstaendiges
     Garantieversprechen im Sinne des Section 311 Abs. 1 BGB) within the scope
     and subject to the requirements and limitations provided in Clause 9 hereof
     or otherwise in this Agreement that the statements set forth in Clause 8.1
     are complete and correct as of the Signing Date and on the Closing Date
     (collectively: "SELLER'S GUARANTEES"). The Seller's Guarantees are not
     granted, and shall not be qualified and construed as, quality guarantees in
     relation to the object of the purchase (Garantien fuer die Beschaffenheit
     der Sache) within the meaning of Sections 443, 444 2nd alternative BGB,
     respectively, that Section 444 2nd alternative BGB shall not and does not
     apply to the Seller's Guarantees.

     8.1  Seller's Guarantees

          8.1.1 Corporate Issues and Authority of the Seller

               (i)  The statements in Clause 1 hereof regarding the Group
                    Companies are complete and correct. The Group Companies have
                    been duly established and validly exist under the laws of
                    their respective jurisdiction.

               (ii) The Group Shares have been validly issued, are fully paid
                    in, either in cash or in kind, have not been repaid and are
                    free from any in rem encumbrances (dingliche Rechte), they
                    are not subject to additional unilateral calls for capital
                    by the issuer (Nachschusspflichten) and there are no
                    pre-emptive rights, options or other direct or indirect
                    rights of Third Parties to acquire any of the Group Shares,
                    in each case except under statutory law or under the
                    articles of association of the respective Group Company or
                    except listed in SCHEDULE 8.1.1(II); the pledge of shares
                    listed under no. 1 in SCHEDULE 8.1.1(II) shall be terminated
                    prior to the Closing Date.

               (iii) No insolvency proceedings concerning any of the Group
                    Companies have been applied for or been opened and, to the
                    Seller's Best Knowledge, no circumstances exist which would
                    require an application for any insolvency proceedings.

               (iv) The Seller is entitled to freely dispose of the Shares
                    without such a disposal infringing any rights of a Third
                    Party. The only Third Party consents required for the
                    Signing and consummation of this Agreement are set forth in
                    Clause 7.2.

               (v)  The execution and performance by the Seller of this
                    Agreement and the consummation of the transaction
                    contemplated hereby are within the powers of the Seller and
                    have been duly authorized by all necessary company action on
                    part of the Seller.

               (vi) The execution and performance by the Seller of this
                    Agreement and the consummation of the transaction
                    contemplated herein do not violate the Articles of
                    Association of the Seller or any applicable law, regulation,
                    judgment or injunction binding on the Seller, and there is
                    no action, lawsuit, investigation or proceeding pending
                    (rechtshaengig) against, or, to the Seller's Best Knowledge,
                    threatened in writing against, the Seller before any court,
                    arbitration

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<PAGE>
                    panel or governmental authority which challenges or seeks to
                    prevent the transaction contemplated herein.

          8.1.2 Tax Filing and Payment; Financial Statements

               (i)  The Companies have duly and timely made all Tax filings due,
                    and have paid all Taxes due and payable.

               (ii) The Seller has delivered to the Purchaser the unaudited
                    consolidated balance sheets, income statements, and cash
                    flow statements of the Group Companies at December 31, 2004
                    and May 31, 2005 (the "Financial Statements"). The Financial
                    Statements have been prepared from the books and records of
                    the Group Companies and present a true and fair view of the
                    financial position of the Business, and the results of
                    operations and cash flows of the Business at the respective
                    dates and for the respective periods then ended in
                    accordance with German GAAP, consistently applied.

               (iii) All shares held by BIG in Group Companies having the legal
                    form of a corporation, except for the shares in Illbruck
                    BauTechnik GmbH, acquired by BIG in course of the conversion
                    of Illbruck Bau Technik GmbH & Co. KG into the legal form of
                    a GmbH, as of the Effective Date are not subject to capital
                    gains taxation pursuant to Section 8b paragraph 4 of the
                    German Corporation Income Tax Act
                    (Koerperschaftsteuergesetz).

               (iv) As at the Effective Date, BIG is entitled to a Corporation
                    Income Tax Refund Potential (Koerperschaftsteuerguthaben)
                    within the meaning of Section 37 of the Corporation Income
                    Tax Act (Koerperschaftsteuergesetz) equal to or higher than
                    3/7 (in words: three sevenths) of the positive portion of
                    the retained earnings within the meaning of Section 30
                    paragraph 2 no. 2 of the Corporation Income Tax Act in the
                    version of Article 4 of the Act dated 14 July 2000 (herein
                    referred to as EK02).

          8.1.3 Real Property

               (i)  SCHEDULE 8.1.3(I)-1 contains a list of real property owned
                    by the Group Companies and rights equivalent to real
                    property (grundstuecksgleiche Rechte), including, but not
                    limited to, hereditary building rights ("OWNED REAL
                    PROPERTY"). SCHEDULE 8.1.3(I)-2 contains a set of copies of
                    recent excerpts of the land registers (Grundbuecher) and
                    similar registers for all Owned Real Property, evidencing
                    all land charges (Grundpfandrechte) or other encumbrances
                    (beschraenkte dingliche Rechte) which require registration
                    in such register (each an "ENCUMBRANCE"). To the Seller's
                    Best Knowledge, there are no applications for registration
                    pending, nor are there any Third Party rights which are not
                    registered but which ought to be registered. There are no
                    pre-emptive rights, options or other direct or indirect
                    rights of Third Parties to acquire any of the Owned Real
                    Property, whether in whole or in part, however, in each case
                    except under statutory law

                                       29
<PAGE>
                    or except listed in SCHEDULE 8.1.3(I)-1 or shown in SCHEDULE
                    8.1.3(I)-2.

               (ii) SCHEDULE 8.1.3(II) contains a complete and correct list of
                    real property leased or rented by the Group Companies, in
                    each case indicating (1) whether as lessee or as lessor, (2)
                    the respective lessee's lease payment obligations under the
                    lease agreements, (3) the duration of each lease, (4) the
                    notice periods, and (5) whether or not a renewal option (if
                    any) needs to be exercised prior to 31 December 2005 in
                    order to extend the lease (the "LEASED REAL PROPERTY",
                    together with the Owned Real Property the "REAL PROPERTY").
                    Each lease listed in SCHEDULE 8.1.3(II) is valid and binding
                    and in full force and effect and no party thereto is in
                    default therewith.

               (iii) All of the buildings, structures, other improvements and
                    fixtures of the Real Property conform in all material
                    respects to applicable health, fire, safety, zoning and
                    building laws and ordinances and administrative regulations,
                    provided, however, that any non-compliance shall be regarded
                    irrelevant for the purpose of this Clause 8.1.3(iii) unless
                    such non-compliance has detrimental financial effects on the
                    respective Group Company exceeding EUR 10,000 (in words:
                    Euro ten thousand) in the individual case of non-compliance
                    or, in the case of a series of non-compliances arising from
                    substantially identical facts or circumstances, exceeding
                    EUR 100,000 (in words: Euro one hundred thousand) in the
                    aggregate.

               (iv) All of the buildings, structures, other improvements and
                    fixtures of the Owned Real Property are in good working
                    condition and repair, normal wear and tear excepted, except
                    as provided for in SCHEDULE 8.1.3(IV).

               (v)  No subsidies have been received with regard to the Owned
                    Real Property since its acquisition by any of the Group
                    Companies, and the Owned Real Property is not subject to
                    monument protection. To the Seller's Best Knowledge this
                    applies mutatis mutandis to the Leased Real Property.

               (vi) There are no unfulfilled requirements of supply companies
                    (electricity, gas, water and waste water or the disposal of
                    rubbish) addressed in writing or unfulfilled requirements of
                    a public-law nature imposed by the competent authorities in
                    writing regarding the present condition of the Owned Real
                    Property and, to the Seller's Best Knowledge, regarding the
                    present condition of the Leased Real Property.

               (vii) All development measures under the pertinent construction
                    codes, the building planning and permit ordinances and
                    similar laws of the respective countries
                    (Erschliessungsmassnahmen) with regard to the Owned Real
                    Property have been fully paid for.

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<PAGE>
               (viii) Each Real Property can be accessed by vehicles typically
                    used for the Business at least to the same extent this was
                    possible during the last 12 (in words: twelve) months prior
                    to the Signing Date; to the Seller's Best Knowledge there
                    are no indications that this will change after the Signing
                    Date.

          8.1.4 Material Assets, Information Technology, Material Contracts

               (i)  Each of the Group Companies owns, or holds lawful possession
                    of, all material assets which are necessary to carry on the
                    Business in substantially the same manner as it has been
                    carried on in the 12 (in words: twelve) months prior to the
                    Signing Date ("MATERIAL ASSETS"). Except as set forth in
                    Schedule 8.1.4 (i), all Material Assets are in working
                    condition, in a good state of preservation corresponding to
                    normal use, have been properly maintained and - insofar as
                    is applicable - the necessary construction engineering and
                    safety inspections have always been carried out with regard
                    thereto.

               (ii) Each of the Group Companies is in lawful possession of or
                    has a valid usage licence for, or has acquired lawful
                    ownership of all IT necessary to carry on the Business in
                    substantially the same manner in which it was carried on in
                    the 12 (in words: twelve) months prior to the Signing Date.

               (iii) The contracts listed in SCHEDULE 8.1.4(III) constitute all
                    Material Contracts. Each of the Material Contracts is valid
                    and binding and in full force and effect and no party
                    thereto is in default therewith.

               (iv) The inventory specified in accordance with Section 266 B.I.
                    HGB of the Group Companies which will be shown in the
                    Consolidated Effective Date Account ("INVENTORY") will have
                    been acquired in the ordinary course of business. The
                    Inventory is usable and saleable in the ordinary course of
                    business.

          8.1.5 Intellectual Property Rights

               (i)  The patents, design patents, trademarks, trade names,
                    utility models, copy rights, internet domain names,
                    unpatented inventions, recipes and respective applications
                    which are listed in SCHEDULE 8.1.5(I), together with
                    formulae, processes, designs and know-how used by the Group
                    Companies in the last 36 (in words: thirty-six) months prior
                    to the Signing Date, constitute the intellectual property
                    rights of the Business ("INTELLECTUAL PROPERTY RIGHTS"). The
                    Intellectual Property Rights are lawfully owned or have been
                    applied for by the Group Companies or will be transferred
                    lawfully as of the Closing Date to the German Purchaser.
                    There are no licence agreements with Third Parties for the
                    licensing of any of the Intellectual Property Rights.

               (ii) Except as set out in SCHEDULE 8.1.5(II)-(1), the
                    Intellectual Property Rights are not subject to any pending
                    (rechtshaengig) proceedings for opposition, cancellation,
                    revocation or rectification which may

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<PAGE>
                    negatively affect the operation of the Business taken as a
                    whole and, to the Seller's Best Knowledge, no such
                    proceedings are threatened in writing. To the Seller's Best
                    Knowledge, the Intellectual Property Rights are neither
                    being materially infringed by Third Parties nor do they
                    materially infringe intellectual property rights of Third
                    Parties, except for the Intellectual Property Rights listed
                    in SCHEDULE 8.1.5(II)-(2) in relation to which conflicts may
                    arise.

               (iii) Except for employee inventions, none of the past or present
                    employees, officers or directors of any of the Group
                    Companies has any rights in any of the Intellectual Property
                    Rights, nor has any person made in writing any claim to any
                    of the Intellectual Property Rights.

               (iv) SCHEDULE 8.1.5(IV) contains a complete list of all
                    intellectual property rights licensed by one or more of the
                    Group Companies from Third Parties ("LICENSED INTELLECTUAL
                    PROPERTY RIGHTS"), stating (1) the parties to such licence
                    agreement, (2) its commencement date and (3) its expiry
                    date. Each of the licence agreements listed in SCHEDULE
                    8.1.5(IV) is valid and binding and in full force and effect
                    and no party thereto is in default therewith.

               (v)  Together with the Licensed Intellectual Property Rights, the
                    Intellectual Property Rights comprise all intellectual
                    property used, held or necessary to operate the Business as
                    it is currently conducted and was conducted in the last 12
                    (in words: twelve) months prior to the Signing Date.

          8.1.6 Employment

               (i)  There are no collective bargaining agreements
                    (Tarifvertraege) by which any of the Group Companies is
                    bound.

               (ii) SCHEDULE 8.1.6(II) contains the following information with
                    regard to the Relevant Employees:

                    -    surname,

                    -    first name,

                    -    date of joining,

                    -    working full-time or part-time,

                    -    forecast annual salary 2005 (without commission) based
                         on the salary in the first 5 months of 2005,

                    -    bonus, commission sums received 2004,

                    -    bonus, commission entitlements 2005,

                    -    travel costs flat-rate monthly,

                    -    disabled/maternity leave,

                    -    pre-retirement part-time work (Altersteilzeit),

                    -    member of Works Council,

                    -    company car,

                    -    notice period,

                    -    pension entitlement;

               (iii) There are no other labour disputes pending (rechtshaengig)
                    except as set forth in SCHEDULE 8.1.6(III).

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<PAGE>
               (iv) There are no other pension plans except as set forth in
                    SCHEDULE 8.1.6(II).

               (v)  The Group Companies have claimed the rights in all notified
                    employee inventions within the time limits provided for by
                    law. All payments due under the respective employee
                    invention laws for used inventions have been made.

               (vi) None of the Group Companies maintains a share option scheme
                    whereby an employee of any of the Group Companies is
                    entitled to acquire shares in any of the Group Companies,
                    nor has any current or former employee of any of the Group
                    Companies acquired any not yet fully satisfied claim under
                    such a share option scheme.

               (vii) Except set forth otherwise in SCHEDULE 8.1.6(VII), no
                    current Key Employee of any of the Group Companies has
                    notified the Seller or the respective Group Company (being
                    the employer) in writing of his or her intention to
                    terminate his/her employment relationship, and the Seller
                    has no reason to believe that any Key Employee wishes to
                    terminate his/her employment relationship prematurely. For
                    the purposes of Clauses 8.1.6(vii) and 8.1.6(viii), "KEY
                    EMPLOYEE" shall mean any person listed in SCHEDULE
                    8.1.6(VII).

               (viii) None of the Key Employees has been promised by any of the
                    Group Companies a stay bonus or a transaction bonus.

               (ix) All employees transferred from the Seller to any of the
                    Group Companies in the last 6 (in words: six) months prior
                    to the Closing Date were working in the last 12 (in words:
                    twelve) months prior to being transferred predominantly for
                    the Business.

               (x)  The Dutch Companies do not have an agreement or other
                    arrangement with any trade union or other body representing
                    its employees or any of them and the Dutch Companies do not
                    have any dispute with any such body, and no such dispute is
                    anticipated.

               (xi) The Dutch Companies are not involved in any industrial or
                    trade disputes (betriebsverfassungsrechtliche
                    Streitigkeiten) or any dispute or negotiation regarding a
                    claim of material importance with any trade union or
                    association or trade unions or organisations or body of
                    employees, and no such dispute is anticipated.

          8.1.7 Insurance

               The Group Companies maintain liability (Haftplichtversicherung),
               product liability (Produkthaftpflichtversicherung), casualty
               (Unfallversicherung), property loss (Sachversicherung) and
               insurance cover against other material risks upon the Business.
               With respect to the Group Companies and the operation of the
               Business, in the 2 (in words: two) years prior to the Signing
               Date, the Group Companies have not been refused any insurance nor
               has their coverage been limited by any insurance company to which
               they have applied for insurance or with which they have carried
               insurance. All insurance premiums due and payable have been paid
               (other than retroactive or retrospective premium adjustments
               which are not yet, but

                                       33
<PAGE>
               which may be, required to be paid with respect to any period
               ending prior to the Closing Date), and, as of the Signing Date,
               no notice of cancellation or termination has been received with
               respect to any such policy which was not replaced on
               substantially similar terms prior to the date of such
               cancellation. For a period of 2 years after the Closing Date the
               Seller shall maintain its D&O insurance coverage in the same form
               as before the Closing Date.

          8.1.8 Litigation, Product Claims, Compliance with Laws

               (i)  Except as disclosed in SCHEDULE 8.1.8(I), there is no
                    written and reasonably detailed statement of claim
                    (Anspruchsschreiben), action, suit, proceedings or
                    investigation (limited, in the case of investigations, to
                    investigations by or before any government department,
                    commission, board, bureau, agency or instrumentality
                    -domestic or foreign), other than product claims, which are
                    subject solely to Clause 8.1.8(ii) below, pending
                    (rechtshaengig) or, to the Seller's Best Knowledge,
                    threatened in writing against any Group Company involving
                    any matter of more than EUR 100,000 (in words: Euro one
                    hundred thousand) individually, not including, however,
                    collection matters in the ordinary course of business.

               (ii) Except as disclosed in SCHEDULE 8.1.8(II), in the three-year
                    period prior to the Closing Date, none of the Group
                    Companies has received in connection with any product
                    manufactured, sold or distributed by any of them in writing

                    (a)  any claim of personal injury or death; or

                    (b)  any claim of property damage, any claim for punitive or
                         exemplary damages, any claim for contribution or
                         indemnification or any claim for injunctive relief, in
                         each case with an amount in dispute exceeding EUR
                         100,000 (in words: Euro one hundred thousand).

                    other than claims which were resolved at the business level
                    through credit or replacement of goods or allowance
                    therefor.

               (iii) Each of the Group Companies is in compliance with all
                    applicable statutes, laws, ordinances, rules, orders and
                    regulations of any governmental entity of any jurisdiction
                    in which such Group Company operates (including
                    Environmental Laws) provided, however, that any
                    non-compliance shall be regarded irrelevant for the purpose
                    of this Clause 8.1.8(iii) unless such non-compliance has
                    detrimental financial effects on the respective Group
                    Company exceeding EUR 10,000 (in words: Euro ten thousand)
                    in the individual case of non-compliance or, in the case of
                    a series of non-compliances arising from substantially
                    identical facts or circumstances, exceeding EUR 100,000 (in
                    words: Euro one hundred thousand) in the aggregate.

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<PAGE>
          8.1.9 Public Law Permits, Environmental; Subsidies

               (i)  The Group Companies possess all material public-law permits,
                    concessions and licences necessary to conduct its current
                    operations taken as a whole (including material permits,
                    concessions and licences necessary under any Environmental
                    Laws) ("PUBLIC LAW PERMITS"). To the Seller's Best Knowledge
                    no circumstances exist which could justify a revocation of
                    such Public Law Permits, and all material conditions in
                    connection with such Public Law Permits are being complied
                    with.

                    None of the Public Laws Permits or any of the conditions of
                    any of the Public Laws Permits are personal or dependent on
                    any companies other than the Group Companies.

               (ii) Except as set forth in SCHEDULE 8.1.9(II),

                    (a)  none of the Group Companies is subject to pending or,
                         to the Seller's Best Knowledge, threatened (in writing)
                         administrative (behoerdliche Verfahren) or court
                         proceedings (Gerichtsverfahren) on the grounds of
                         violating Public-law Permits or Environmental Laws,
                         including, without limitation, disposal and/or storage
                         of industrial effluent, sewage (Abwasser) and other
                         waste;

                    (b)  no Environmental Claims are pending (rechtshaengig) or,
                         to the Seller's Best Knowledge, threatened (in writing)
                         with regard to the Business.

               (iii) The products, particularly the raw materials, used by the
                    Group Companies in the production process are lawfully
                    permitted to be used in such a production process under the
                    applicable Environmental Laws.

               (iv) None of the Group Companies has received any subsidies which
                    may be reclaimed by the granting authorities.

          8.1.10 Contingent Obligations; Corporate Liability Arising From
               Restructuring

               (i)  The Group Companies do not have any contingent obligation
                    (such as - without limitation thereto - Buergschaften,
                    gesamtschuldnerische Haftung, etc.) for the Seller's Side,
                    except those set forth in SCHEDULE 8.1.10(I).

               (ii) The Group Companies will not be held liable for (1) any
                    liability not related to the Business of any liquidated
                    company in which they held a share or interest, or (2)
                    unassumed liabilities of companies whose assets were taken
                    over by any Group Company, or (3) any liability related to a
                    business other than the Business, formerly operated by any
                    of the Group Companies or any of their subsidiaries at that
                    time spun off or otherwise transferred prior to Closing from
                    any of the Group Companies, in each case provided that such
                    liability is neither reflected in the respective Group
                    Company's annual accounts nor partially or in whole
                    compensated

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<PAGE>
                    by a benefit any of the Group Companies avails of due to
                    circumstances covered by this Clause 8.1.10(ii). This Clause
                    8.1.10(ii) shall include the following companies:

                    -    illbruck Sanitaer-Technik GmbH

                    -    illbruck Akustiksysteme GmbH

                    -    illbruck Sealant Systems Inc., USA

                    -    Asbiton AG, Switzerland

                    -    illbruck Bau AG, Switzerland

                    -    Sealstrip Holdings Ltd., England

                    -    Sealstrip Ltd., England

                    -    Sealants Express Ltd., England

                    -    Revac S.A., France

                    -    Cocon Polska Sp. z.o.o., Poland

                    -    Colymit Contractors N.V., Belgium

                    -    illbruck s.r.l., Italy

                    -    illbruck S.a.r.l., France.

               (iii) The Group Companies will not be held liable by Third
                    Parties for any debt of legal entities which were merged
                    with any of the Group Companies prior to Closing, insofar as
                    such debt is not related to the Business as conducted by the
                    Group Companies as of the Closing Date or in the last 12 (in
                    words: twelve) months prior to the Closing Date.

               (iv) The Group Companies will not be held liable for any
                    asbestos-related claims arising from the operation or
                    occupancy of the Coalville real estate or production and
                    sale of products from that site.

          8.1.11 Ordinary Course of Operation Since the Accounts Date

               Since 1 January 2005 the Business has been carried on in the
               ordinary course substantially in the same manner as before.

     8.2  No other Seller's Guarantees

          The Purchasers explicitly acknowledge to purchase and acquire the
          Shares and the Business in the condition they are in on the Closing
          Date based upon the inspection, examination and determination with
          respect thereto performed in their interest, and to undertake the
          acquisition based upon the inspection, examination and determination
          performed in their interest without reliance upon any express or
          implied representations, warranties or guarantees of any nature made
          by the Seller except for the Seller's Guarantees as well as
          indemnities and covenants explicitly given by the Seller under this
          Agreement.

     8.3  Seller's Best Knowledge

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<PAGE>
          For the purpose of this Agreement, "SELLER'S BEST KNOWLEDGE" shall
          mean that the persons listed in SCHEDULE 8.3-(1) neither have actual
          knowledge (positive Kenntnis) nor are they deemed to have knowledge
          after having exercised reasonable care, and, after due inquiry of the
          persons listed in SCHEDULE 8.3-(2) as can be reasonably expected of a
          seller, acting prudently according to orderly business practice, that
          the relevant statement in the Seller's Guarantees contained in this
          Clause 8 is incorrect.

9    REMEDIES FOR BREACH OF SELLER'S GUARANTEES

     9.1  Types of Remedies and Recoverable Damages

          In the event of any breach or non-fulfilment by the Seller of any
          Seller's Guarantee the Seller shall at its sole discretion either (I)
          put the respective Purchaser into the position this Purchaser would
          have been in had the Seller's Guarantee not been breached (restitution
          in kind; Naturalrestitution), or (II) pay to the respective Purchaser
          monetary damages (Schadenersatz in Geld).

     9.2  Provision for Damage and Loss

          The Seller shall not be liable for, and the Purchasers shall not be
          entitled to claim for, any damage or losses of the Purchasers for a
          breach of a Seller's Guarantee if and to the extent that

          9.2.1 the matter to which the claim relates is provided for in the
               Consolidated Effective Date Accounts; or

          9.2.2 a valid and enforceable claim for repayment or indemnification
               against a Third Party exists, including, but not limited to,
               claims under existing insurance policies.

     9.3  De Minimis Amount, Threshold Amount and Aggregate Liability

          9.3.1 De Minimis Amount

               The Purchasers shall only be entitled to any claims for breach of
               any Seller's Guarantee to the extent each individual claim (or a
               series of claims arising from substantially identical facts or
               circumstances) exceeds an amount of EUR 50,000 (in words: Euro
               fifty thousand) ("DE MINIMIS AMOUNT"). Where the liability agreed
               or determined in respect of any such claim or series of claims
               exceeds the De Minimis Amount, the liability of the Seller shall
               be limited to the amount of the excess.

          9.3.2 Threshold Amount

               The Seller shall not be liable for breach of any Seller's
               Guarantee in respect of any claim unless the aggregate amount of
               all claims for which the Seller would otherwise be liable for
               breach of any Seller's Guarantee exceeds EUR 500,000 (in words:
               Euro five hundred thousand) ("THRESHOLD AMOUNT"). Where the
               amount agreed or determined in respect of all claims referred to
               in this Clause 9.3.2 exceeds the Threshold Amount the liability
               of the Seller shall be for the entire amount and not only for the
               excess.

          9.3.3 Aggregate Liability

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<PAGE>
               The aggregate liability of the Seller under this Agreement
               including, but not limited to, any and all claims for breach of
               any of the Seller's Guarantees other than the Seller's Guarantees
               given in Clauses 8.1.1(i), 8.1.1(ii), 8.1.1(iv), 8.1.10 and 10
               shall not exceed the Escrow Amount. The aggregate liability of
               the Seller for breach of the Seller's Guarantees given in Clauses
               8.1.1(i), 8.1.1(ii), 8.1.1(iv), 8.1.10 and Clause 10 shall be
               limited to the Purchase Price.

     9.4  Contingent Liabilities and Minority Shareholdings

          9.4.1 The Seller shall also be liable for breach of any Seller's
               Guarantee in respect of any liability which is contingent, but
               the payment obligation shall only arise when the contingent
               liability becomes an actual liability due and payable.

          9.4.2 In relation to PDR Recycling GmbH + Co KG and PDR GmbH Clause 8
               shall not apply except for Clauses 8.1.1(i) and 8.1.1(iv).

     9.5  Notification of Seller; Procedure in the Case of Third Party Claims

          9.5.1 In the event that in connection with a breach of a Seller's
               Guarantee any claim or demand of a Third Party is asserted
               against either Purchaser or any of the Group Companies (for the
               purposes of this Clause 9.5: the "RELEVANT COMPANY"), the
               respective Purchaser shall (I) make available to the Seller a
               copy of the Third Party claim or demand, and a copy of all
               documents necessary to defend the Relevant Company against such
               claim and (II) inform the Seller whether the Relevant Company
               intends to defend against the Third Party claim.

               (i)  If the Relevant Company defends against the Third Party
                    claim, the Seller shall throughout the whole proceedings be
                    entitled to all information related to the Third Party claim
                    and to be represented by its own counsel in the respective
                    proceedings. Prior to their filing with the respective court
                    or arbitration panel the Seller shall be provided with any
                    written submission. The Seller may require that the claim be
                    litigated in accordance with its instructions.

               (ii) If the Relevant Company decides not to defend, the Seller
                    shall have the right to defend the Relevant Company against
                    the Third Party claim by all appropriate proceedings and
                    shall have the power to direct such defence. In particular,
                    the Seller may (I) participate in and direct all
                    negotiations and correspondence with the Third Party
                    relating to the Third Party claim, (II) appoint and instruct
                    counsel acting, if necessary, in the name of the Relevant
                    Company, and (III) require that the claim be litigated in
                    accordance with the Seller's instructions. The Seller shall
                    conduct such proceedings in good faith with due regard to
                    the concerns of the respective Purchaser and the Relevant
                    Company.

               (iii) In no event shall the Relevant Company be entitled to
                    acknowledge or settle a claim or permit any such
                    acknowledgement or settlement without the Seller's prior
                    written consent to the extent that such

                                       38
<PAGE>
                    claims may result in a liability of the Seller under Clauses
                    8 through 10.

               (iv) The respective Purchaser and the Relevant Company shall, at
                    their expense, fully cooperate with the Seller in the
                    defence of any Third Party claim, provide the Seller and its
                    respective representatives (including, for the avoidance of
                    doubt, its advisors) reasonable access during normal
                    business hours to all relevant business records and
                    documents and permit the Seller and its respective
                    representatives to consult with the directors, employees and
                    representatives of the Relevant Company.

          9.5.2 To the extent that the Seller is in breach of a Seller's
               Guarantee, all costs and expenses reasonably incurred by the
               Seller and the Relevant Company (including advisors' fees) in
               defending a Third Party claim shall be borne by the Seller. If it
               turns out that the Seller was not in breach, any costs and
               expenses reasonably incurred by the Seller and the Relevant
               Company in connection with the defence (including advisors' fees)
               shall be borne by the Purchasers.

          9.5.3 The failure of the Purchasers to comply with their obligations
               under this Clause 9.5 shall release the Seller from its
               respective obligation(s) under Clauses 8 and 9 unless the
               non-compliance of the Purchasers with their obligations under
               this Clause 9.5 has not caused a loss to the Seller.

     9.6  Maturity of Claims depending on further Precondition; Expert's
          Decision

          9.6.1 Precondition to Maturity (Faelligkeitsvoraussetzung)

               The Seller's Guarantees contained in Clauses 8.1.3(iii) and
               8.1.8(iii) shall only become due if one of the following events
               occurs:

               (i)  a final (bestandskraeftig) and enforceable (vollziehbar) or
                    immediately enforceable (sofort vollziehbar) order, decree
                    or demand is issued by any governmental authority
                    (Behoerde), or

               (ii) a court judgment or an amicable settlement (in court or
                    outside court, gerichtlicher oder aussergerichtlicher
                    Vergleich) is rendered in connection with a private party
                    claim provided that such settlement is binding upon the
                    Seller due to its consent; or

               (iii) the Expert's decision has become final and binding on the
                    Parties pursuant to Clause 9.6.2.

               In the case of Clauses 9.6.2(i) and 9.6.2(ii), Clause 10.2 shall
               apply mutatis mutandis.

          9.6.2 Expert's Decision

               (i)  If in the Purchasers' assessment a Seller's Guarantee
                    contained in Clauses 8.1.3(iii) or 8.1.8(iii) is breached
                    and within a period of 4 (in words: four) weeks commencing
                    with the delivery of a respective notice to the Seller the
                    Parties cannot agree upon how to resolve the matter in
                    dispute, an expert ("EXPERT") may be appointed by (A) the
                    Parties, or (B), if the Parties fail to agree on a person
                    within the

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<PAGE>
                    mentioned four-weeks-period, upon request of either Party by
                    the President of Gesamtverband der Kunsstoffverarbeitenden
                    Industrie e.V., Frankfurt am Main ("GKV").

               (ii) The Expert shall be a person who, considering his/her
                    education and occupational experience, (A) is sufficiently
                    acquainted with the industrial standards and the
                    cost-benefit calculations usually applied in companies of
                    similar size and ownership structure to the Group Companies
                    and engaged in similar types of business and operations, (B)
                    has the expertise to decide on the matter in dispute, and
                    (C) legally and economically independent from both the
                    Seller's Side and the Purchasers' Side.

               (iii) The Expert, acting as third party pursuant to Section 317
                    BGB, shall determine, independently and impartially from the
                    Seller's Side and the Purchasers' Side, whether and to what
                    extent the respective Seller's Guarantee is breached and
                    which actions are to be taken in order to remedy such breach
                    when the industrial standards and the cost-benefit
                    calculations usually applied in companies of similar size
                    and ownership structure to the Group Companies and engaged
                    in similar types of business and operations as of the
                    Closing Date are applied, regardless of whether such
                    standards satisfy the applicable laws in every respect. The
                    Expert shall deliver its decision to the Parties in writing
                    and in the English language. The Expert's decision shall be
                    final and binding on the Parties once all Parties have
                    received a copy thereof.

               (iv) The Expert shall give the Parties the opportunity to provide
                    their illustration and assessment of the disputed matter in
                    writing or, in one or several hearings announced to all
                    Parties, verbally. Except to the extent the Parties agree
                    upon certain facts or conclusions therefrom, the Expert
                    shall not be bound by either Party's illustration or
                    assessment.

               (v)  The Parties shall closely co-operate with the Expert. In
                    particular, each Party shall without undue delay provide the
                    Expert any information in relation to the matter in dispute
                    which he/she in his/her discretion deems necessary for
                    his/her decision. The Purchasers shall procure that upon
                    his/her request the Expert is given access to the Group
                    Companies' premises and business papers, books and records.

               (vi) Clause 9.5.2 shall apply mutatis mutandis.

               (vii) The conducting of an Expert procedure as described in Claim
                    9.6.2(i) to (iv) shall not preclude the application of
                    Clause 9.6.1(i) or of Clause 9.6.1(ii). In the event of
                    discrepancies in the measures to be taken, the decisions
                    pursuant to Clause 9.6.1(i) or 9.6.1(ii)shall prevail.

               (viii) Irrespective of the due date of any of the claims pursuant
                    to Clause 9.6.1, the Purchasers shall be free to raise a
                    declaratory

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<PAGE>
                    order (Feststellungsklage) against the Seller in order to
                    prevent such claims to become time-barred.

     9.7  Mitigation

          Section 254 BGB shall remain unaffected, i.e. the Purchasers are in
          particular obliged to prevent the occurrence of any damage and loss
          and to limit the scope of any damage and loss incurred in accordance
          with Section 254 BGB.

     9.8  Limitation Periods

          All claims for any breach of a Seller's Guarantee pursuant to Clause
          8.1.1(i), 8.1.1(ii) and 8.1.1(iv) shall not become time-barred. Claims
          with respect to Taxation (Clause 8.1.2(iii) and (iv) and Clause 10)
          shall become time-barred in accordance with Clause 10.4. Claims with
          respect to Environmental Matters (Clause 8.1.9) and pursuant to Clause
          8.1.10 shall become time-barred 5 (in words: five) years after the
          Closing Date. All other claims of the Purchasers under this Agreement
          shall become time-barred 18 (in words: eighteen) months after the
          Closing Date. Section 203 BGB shall not apply.

     9.9  Exclusion of Further Remedies, Effect of Payment

          9.9.1 To the extent permitted by law, any further claims and remedies
               of the Purchasers other than explicitly provided for under this
               Agreement, irrespective of which nature, amount or legal basis,
               are hereby expressly waived and excluded, in particular, without
               limitation, claims under pre-contractual fault (Section 311 para.
               2 and 3 BGB), breach of contract (positive Vertragsverletzung)
               and/or the right to reduce the Purchase Price (Minderung) or to
               terminate this Agreement (Ruecktritt), and any liability in tort
               (Deliktshaftung); provided, however, that this exclusion shall
               not apply to any claims or remedies of any nature whatsoever
               which are caused by or based upon gross negligence (grobe
               Fahrlaessigkeit) or wilful misconduct (Vorsatz) of the Seller in
               the context of this Agreement. Sections 826, 123, 444, 2nd
               alternative BGB shall not be affected.

          9.9.2 Further to the statements made in Clause 8, the Parties agree
               that the provisions contained in Clauses 8 and 9 of this
               Agreement are no quality guarantees in relation to the object of
               the purchase (Garantien fuer die Beschaffenheit der Sache) within
               the meaning of Sections 443, 444, 2nd alternative BGB. In the
               event that the provisions of Clauses 8 and 9 setting out the
               scope and limitations of the Seller's liability are, contrary to
               the intention and explicit understanding of the Parties, regarded
               and construed as quality guarantees in relation to the object of
               the purchase, and the limitations of the Seller's liability
               contained herein are therefore found wholly or partially invalid,
               the Purchasers hereby waive the right to assert claims going
               beyond the limits of limitations provided for herein. The Seller
               accepts such waivers.

     9.10 Escrow, Escrow Agreement

          As security for the fulfilment of the Seller's obligations under this
          Agreement, the Escrow Amount shall be paid into the account set up in
          mutual agreement by the Excrow Agents (the "ESCROW ACCOUNT"), free of
          any costs and fees. Together with the Escrow Agents, the Parties have
          entered into the Escrow Agreement attached

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<PAGE>
          hereto as SCHEDULE 9.10. The Escrow Amount shall be released to the
          Purchasers/Seller in accordance with the Escrow Agreement.

10   TAXATION

     10.1 Tax Indemnification

          10.1.1 The Seller agrees to indemnify the Purchasers from and against
               all Taxes due and payable by the Group Companies for periods
               ending on or before the Effective Date or which are assessed due
               to events or circumstances that have occurred up to and including
               the Effective Date ("RELEVANT ASSESSMENT PERIOD"), unless, and
               except to the extent, that such Tax liabilities

               (i)  are shown or provided for in the Consolidated Effective Date
                    Accounts or the Accounts 2005 respectively the Revised
                    Accounts 2005 of the relevant Group Company, provided,
                    however, that (A) any Tax Saving related to the additional
                    Tax assessed shall be deducted from the amount to be paid by
                    the Seller and (B) any liabilities incurred for Taxes in a
                    BIG-Subsidiary not - directly or indirectly - 100%-owned
                    shall be taken into account only on a pro rata basis in
                    proportion to the respective shareholding (durchgerechnete
                    Beteiligung); or

               (ii) are subject of a valid and enforceable claim for repayment
                    or indemnification against a Third Party; or

               (iii) are caused by any reorganization initiated or by any other
                    acts (including any termination of the profit and loss
                    transfer agreement between BIG as organ parent and illbruck
                    Bau-Technik GmbH as organ company or any unduly fulfilment
                    of this profit and loss transfer agreement) committed by the
                    Purchasers other than the discontinuation of the business
                    which has been acquired by illbruck Bau-Technik GmbH under
                    the merger with Perennator GmbH.

          10.1.2 In the event of the breach of the Seller's Guarantee contained
               in Clause 8.1.2(ii), the Seller shall indemnify the Purchaser
               against 95% (in words: ninety-five percent) of the Taxes
               triggered by sale by BIG of shares in a Group Company in the
               legal form of a corporation.

          10.1.3 Indemnification payments due by the Seller under this Clause 10
               shall be made within 30 (in words: thirty) Business Days
               following written notice by the Purchasers, provided that the
               payment of such amounts to the Tax Authority is due and that the
               Seller shall not be required to make any payment earlier than 2
               (in words: two) Business Days before such Taxes are due to the
               Tax Authority. In the case of any Tax being contested in
               accordance with Clause 10.2.2, payment of such Tax to the Tax
               Authority will be considered due no earlier than on the date a
               final (bestandskraeftig) determination to such effect is made
               provided that tax suspension (Aussetzung der Vollziehung), is
               granted by either the Tax Authority or the competent court.

     10.2 Indemnification Procedures

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          10.2.1 Notification

               Following the Closing Date, the Purchasers shall notify the
               Seller without undue delay of any Tax audit or administrative or
               judicial proceeding (including request for furnishing transfer
               pricing studies) that is announced or commenced and that might
               constitute a basis for indemnification by the Seller pursuant to
               this Clause 10 ("TAX AUDIT"). Such notice shall be in writing and
               shall contain full factual information describing the object of
               the Tax Audit or the asserted Tax liability in reasonable detail
               and shall include copies of any notice or other document received
               from any Tax Authority in respect of any such Tax Audit or
               asserted Tax liability. The Purchasers shall further procure that
               the Group Companies allow the Seller to fully participate in such
               Tax Audit. In particular, the Seller shall be given the
               opportunity to review any reports or other measures and receive
               copies of all relevant orders (Bescheide) of any Tax Authority as
               well as copies of any filings to any Tax Authority. Unless the
               Seller is given notice without undue delay as required before,
               the Seller shall not have any obligation to indemnify the
               Purchasers for any damages arising out of such asserted Tax
               liability.

          10.2.2 Tax Contest

               The Seller may elect to direct on its own or through counsel of
               its choice and at its expense, any audit, claim for refund and
               administrative or judicial proceeding (including the preparation
               and furnishing of transfer pricing studies) involving any
               asserted Tax liability with respect to which indemnity may be
               sought under this Clause 10 (any such audit, claim for refund or
               proceeding relating to an asserted Tax liability is hereinafter
               referred to as a "TAX CONTEST"):

               (i)  If the Seller elects to direct a Tax Contest, then the
                    Seller shall within 30 (in words: thirty) Business Days of
                    receipt of the Purchasers' written notice pursuant to Clause
                    10.2.1, but in any case no later than 3 (in words: three)
                    Business Days before the expiry of the period for filing for
                    the respective remedy, notify the Purchasers of its intent
                    to do so, and the Purchasers shall cooperate and cause the
                    Group Companies or the respective successors to cooperate,
                    in each phase of such Tax Contest. In particular, the
                    Purchasers shall promptly authorise, and shall cause the
                    respective Group Company to authorise, (by power-of-attorney
                    and such other documentation as may be necessary and
                    appropriate) the designated representative of the Seller to
                    represent the Purchasers or the respective Group Company or
                    their successors in the Tax Contest insofar as the Tax
                    Contest involves an asserted Tax liability for which the
                    Seller would be liable under this Clause 10. Further, the
                    Purchasers shall give and shall cause the Group Companies to
                    give reasonable information and assistance, including
                    reasonable access to premises and personnel and including
                    the right to examine and copy or photograph the relevant
                    documents and records for the purpose of avoiding,
                    disputing, denying, defending, resisting, appealing,
                    compromising

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<PAGE>
                    or contesting any tax liability of the Seller for Taxes for
                    the Relevant Assessment Period as the Seller or its
                    professional advisers may reasonably request.

               (ii) If the Seller does not elect to direct such Tax Contest or
                    fails to notify the Purchasers of its election as herein
                    provided, the Purchasers or the respective Group Company may
                    pay, compromise or contest such asserted Tax liability,
                    provided that neither the Purchasers nor any of the Group
                    Companies may settle or compromise any asserted Tax
                    liability without prior written consent of the Seller. In
                    any event, Seller may participate, at its own expense, in
                    any Tax Contest. In such case Clause 10.2.2(i) sentence 3
                    shall apply mutatis mutandis.

     10.3 Tax Refunds, Liquidation and Usage of Tax Provisions

          If any Group Company (i) will receive a Tax refund relating to any
          period ending on or before the Effective Date, to the extent not
          reflected in the Consolidated Effective Date Accounts as an asset,
          (ii) will liquidate a Tax provision contained in the Consolidated
          Effective Date Accounts due to a non-realisation of the risks for
          which the provision has been set-up (Rueckstellungsaufloesung) or
          (iii) will use a Tax provision contained in the Consolidated Effective
          Date Accounts due to a realisation of the risks for which the
          provision has been set-up (Rueckstellungsinanspruchnahme) as far as a
          corresponding valid and enforceable claim for repayment or
          indemnification against a Third Party exists, (iv) or for Taxes paid
          as far as a corresponding valid and enforceable claim for repayment or
          indemnification against a Third Party exists the amount of the Tax
          refund or the amount of the provision liquidated or used shall be paid
          by the Purchasers to the Seller. The Purchasers shall duly notify the
          Seller of any Tax refund relating to any period ending on or before
          the Effective Date and of any liquidation and of any usage of a
          provision contained in the Consolidated Effective Date Accounts.
          Payments under this Clause 10.3 shall be made within 30 (in words:
          thirty) Business Days following the receipt of the Tax refund,
          liquidation or usage of a Tax provision contained in the Consolidated
          Effective Date Accounts by the respective Group Company.

     10.4 Limitation Period

          Claims of the Purchasers or the Seller under this Clause 10 shall
          become time-barred (verjaehren) 3 (in words: three) months after the
          final and binding assessment (bestandskraeftige Veranlagung) of the
          relevant Tax.

     10.5 Payments

          Payments by the Seller to the Purchasers pursuant to Clause 10.1 and
          10.2 constitute a decrease of the Purchase Price. Payments by the
          Purchasers to the Seller pursuant to Clause 10.3 constitute an
          increase of the Purchase Price.

     10.6 Tax Audits

          If and to the extent the Seller requests, the Parties shall use their
          best efforts and in any respect fully co-operate, and the Purchasers
          shall procure that after the Closing Date the Group Companies use
          their best efforts and in any respect fully co-operate with the Seller
          in order to achieve that as soon as possible after the Effective Date

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<PAGE>
          the competent Tax Authorities conduct tax audits covering all the
          Group Companies' tax affairs up to and including the Effective Date.
          For the avoidance of doubt it is hereby clarified that the Seller
          shall be involved fully in accordance with the provisions of this
          Clause 10.

     10.7 Profit and Loss Pooling Agreement

          The Purchasers shall procure that none of the Group Companies will
          assert the invalidity of the profit and loss pooling agreement between
          any of the Group Companies and the Seller.

11   PURCHASERS' GUARANTEES; PURCHASERS' GUARANTOR

     11.1 Each Purchaser hereby guarantees by way of an independent promise of
          guarantee pursuant to Section 311 para. 1 BGB (selbstaendiges
          Garantieversprechen im Sinne des Section 311 Abs. 1 BGB):

          11.1.1 The German Purchaser is duly incorporated and validly existing
               under the laws of the Federal Republic of Germany. The UK
               Purchaser is duly incorporated and validly existing under the
               laws of England and Wales. Each Purchaser has all requisite
               corporate power and authority to own its assets and to carry out
               its business.

          11.1.2 The execution and performance by the Purchasers of this
               Agreement and the consummation of the transaction contemplated
               hereby are within their powers and have been duly authorized by
               all necessary company action on part of them except as set forth
               in Clause 7.1.

          11.1.3 The execution and performance by the Purchasers of this
               Agreement and the consummation of the transaction contemplated
               herein do not (A) violate the articles of association or by-laws
               of the Purchasers or (B) violate any applicable law, regulation,
               judgment or injunction on the Purchasers, and (C) there is no
               action, lawsuit, investigation or proceeding pending
               (rechtshaengig) against, or to the knowledge of the Purchasers
               threatened against, the Purchasers before any court, arbitration
               panel or governmental authority which challenges or seeks to
               prevent, alter or delay the transaction contemplated herein.

          11.1.4 The Purchasers do not have "actual and specific knowledge" of a
               breach by the Seller of any of the guarantees in this Agreement.
               As used herein "knowledge of a breach" means that not only do the
               Purchasers have knowledge of the facts that may constitute a
               breach, but additionally, also believe that such facts constitute
               a breach. For purposes of determining the Purchasers' knowledge
               of a breach by the Seller of the guarantees made hereunder, the
               term "actual and specific knowledge", means the actual and
               specific knowledge of Messrs. Frank Sullivan, Stephen Knoop,
               Dennis Finn, Jeff Korach and Randy Korach or the following
               advisors: Brian Kelly, Mara Babin, Theo Rauh. While the
               Purchasers have conducted a review of the business of the Group
               Companies to meet the Purchasers' objectives, such review was not
               intended to verify the accuracy of the Seller's guarantees and
               Purchasers are relying on the Seller's Guarantees in entering
               into this Agreement.

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<PAGE>
     11.2 In the event that a Purchaser is in breach of any Purchasers'
          Guarantee pursuant to Clause 11.1, the respective Purchaser shall
          indemnify and hold harmless the Seller from any damages incurred by
          the Seller or any of the Group Companies.

     11.3 The Purchasers' Guarantor as joint and several debtor
          (Gesamtschuldner) hereby unconditionally and irrevocably guarantees
          the proper fulfilment of all obligations pursuant to this Agreement of
          any Purchaser or any Purchasers' Affiliate, in particular, but not
          limited to, the payment of the Purchase Price. In the case of breach
          of any such obligation the Purchasers' Guarantor shall indemnify and
          hold harmless the Seller's Side from any damages incurred.

12   CONFIDENTIALITY; PRESS RELEASES; PUBLIC DISCLOSURE; COVENANTS IN THE CASE
     OF NON-CONSUMMATION OF CLOSING

     12.1 Prior to Closing, no announcement or circular in connection with the
          existence or the subject matter of this Agreement shall be made or
          issued by or on behalf of the Seller's Side, the Group Companies or
          the Purchasers' Side without the prior written approval of the Seller
          and the Purchasers.

     12.2 The provisions of the Confidentiality Agreement shall cease to have
          any force or effect from the Signing Date. Subject to Clause 12.1 and
          Clause 12.3, the Seller's Side and the Purchasers' Side shall treat as
          strictly confidential and not disclose or use any information received
          or obtained as a result of entering into this Agreement which relates
          to the provisions of this Agreement and the negotiations relating to
          this Agreement. The Purchasers' Side shall treat as strictly
          confidential and not disclose or use any information relating to the
          business, financial or other affairs (including future plans and
          targets) of the Seller's Side.

     12.3 Clauses 12.1 and 12.2 shall not prohibit disclosure or use of any
          information referred therein if and to the extent:

          12.3.1 the disclosure or use is required by law or any regulatory body
               (e.g. 8k under the US SEC rules);

          12.3.2 the disclosure or use is required for the purpose of any
               judicial proceedings arising out of this Agreement or any other
               agreement entered into under or pursuant to this Agreement or the
               disclosure is made to a Tax Authority in connection with the Tax
               affairs of the disclosing Contractual Party;

          12.3.3 the disclosure is made to professional advisers of the Seller's
               Side or the Purchasers' Side who are under statutory obligations
               of professional secrecy;

          12.3.4 the information is or becomes publicly available (other than by
               breach of the Confidentiality Agreement or of this Agreement);

          12.3.5 the Contractual Party affected by the disclosure or use of
               information has given prior written approval to such disclosure
               or use; or

          12.3.6 the information is independently developed after Closing;

          provided that prior to disclosure or use of any information pursuant
          to Clauses 12.3.1 and 12.3.2 the Contractual Party concerned shall
          promptly notify the Contractual Party affected by such disclosure or
          use of such requirement with a view

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<PAGE>
          to providing that Contractual Party with the opportunity to contest
          such disclosure or use or otherwise to agree the timing and content of
          such disclosure or use.

     12.4 Covenants in the Case of Non-Consummation of Closing

          In the unlikely event that this Agreement is terminated without the
          Closing having been consummated,

          12.4.1 the Purchasers' Side undertake to keep confidential all
               information received from the Seller's Side in connection with
               the transactions contemplated by this Agreement, including but
               not limited to the Disclosed Information, and to return all
               documents and information embodied otherwise which they received
               from the Seller's Side, together with any copies thereof and to
               destroy all documents and information embodied otherwise they
               produced based on information received from the Seller's Side,
               unless such information is in the public domain without breach of
               a confidentiality obligation towards the Seller's Side or unless
               the Purchasers' Side is obliged by law to act otherwise. The
               Purchasers' Side shall not be entitled to any retention right
               with respect to such documents or information;

          12.4.2 the Purchasers shall indemnify and hold harmless the Seller and
               the Group Companies from any damage incurred due to them
               complying with the Purchasers' non-approval pursuant to Clause
               6.2.1(ii).

          12.4.3 the Purchasers shall indemnify and hold harmless the Seller and
               the Group Companies from any damage incurred due to the
               termination of the lease agreements upon the UK Purchaser's
               request pursuant to Clause 6.2.1(v).

13   POST-CLOSING RIGHTS AND COVENANTS; NON-COMPETITION; NON-SOLICITATION

     13.1 The "PROVISIONAL SUPPLY AGREEMENTS" as set forth in SCHEDULE 13.1
          shall be signed prior to or on the Closing Date.

     13.2 After Closing the Purchasers shall procure that the Seller has access
          to all information required in order to enforce the claims listed in
          SCHEDULE 6.2.2.

     13.3 Accounts 2005

          13.3.1 The Seller shall prepare the accounts as of Effective Date
               except for PDR GMBH and PDR GMBH & Co. KG for such Group
               Companies listed in SCHEDULE 7.1 for the shortened business year
               ending on Effective Date and for all other Group Companies, if
               the Effective Date is 31 December 2005 and if it is another date
               interim accounts (Zwischenabschluesse) for such Group Companies
               ("ACCOUNTS 2005"). These Accounts 2005 shall be prepared in
               accordance with local GAAP, the accounting principles used in the
               preparation of the respective accounts for the business year 2004
               and such principles consistently applied with past practice and
               subject to utilizing and continuing the same capitalization and
               election rights, valuation and consolidation principles as used
               in preparation of the respective accounts for the business year
               2004. In the event of discrepancies between local GAAP and the
               principles as applied in the past, local GAAP shall prevail.

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<PAGE>
          13.3.2 The Purchasers shall after the Closing Date instruct the
               management of each Group Company to effectively assist the Seller
               in the preparation of the Accounts 2005 in any respect and to
               give the Seller, its tax advisors and Seller's Auditor access to
               any information requested by the Seller, its tax advisor and
               Seller's Auditor. The Seller shall be given access to the
               management and to the premises of the Group Companies. The Seller
               shall have the right to make photocopies of any documents
               relevant for the preparation of the Accounts 2005.

          13.3.3 The Accounts 2005 so prepared by the Seller shall be delivered
               by the Seller to the Purchasers without undue delay. The Seller
               shall arrange for an audit of the Accounts 2005 by Seller's
               Auditor admitted to conduct the audit of the Accounts 2005 in the
               jurisdiction in which the respective Group Company is
               incorporated. Within 60 (in words: sixty) Business Days after the
               Effective Date, the Seller shall deliver the Accounts 2005 to the
               Purchasers, together with the reports by the respective auditors.

          13.3.4 The Accounts 2005 shall be final and binding on the Parties,
               unless and to the extent that the Purchasers do not within 30 (in
               words: thirty) Business Days after the receipt of the Accounts
               2005 provide the Seller with a written report asserting that the
               Accounts 2005 received from the Seller do not meet the provisions
               set forth in Clause 13.3.1 by way of stating specific objections
               to that effect. In such event revised Accounts 2005 shall be
               prepared by the Purchasers' Auditor and submitted to the Seller
               within the further 30 (in words: thirty) Business Days which
               shall take into account the changes that are necessary in the
               Purchasers' Auditor's view ("REVISED ACCOUNTS 2005"). At Seller's
               request Seller's Auditor shall receive all necessary assistance
               and shall be given access to the management of the Group
               Companies and to all documentation relevant for reviewing the
               Revised Accounts 2005, including the working papers of the
               Purchasers' Auditor. If no written objections are raised by the
               Seller within 30 (in words: thirty) Business Days following the
               delivery of the Revised Accounts 2005 by the Purchasers' Auditor,
               then the Revised Accounts 2005 shall be final and binding on the
               Parties.

          13.3.5 If, after the Seller having raised in time and due form its
               objections against the Revised Accounts 2005, the Seller and the
               Purchasers cannot agree on the changes to the Revised Accounts
               2005 within 30 (in words: thirty) Business Days following the
               delivery of the Seller's objections, Clause 4.4 shall apply
               mutatis mutandis.

          13.3.6 The Purchasers shall procure that within 30 (in words: thirty)
               Business Days after the Accounts 2005 or the Revised Accounts
               2005, as the case may be, have become final on the Parties
               shareholders' resolutions of each Group Company will be adopted
               by which the Accounts 2005 or respectively the Revised Accounts
               2005 will be approved in any respect in the form as has become
               final on the Parties. With no undue delay after the approval of
               the Accounts 2005 respectively the Revised Accounts 2005 Claims
               resulting from the profit and loss pooling agreement existing
               between the Seller and BIG shall be paid by the party liable.
               Should BIG be

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<PAGE>
               liable for such claim, the Purchasers will procure that the
               obligation of such payment will be fulfilled by BIG as provided
               for in the previous sentence.

          13.3.7 The costs for the preparation of the Accounts 2005 and their
               audits shall be borne by the respective Group Company. Clause 4.5
               sentences 2 and 3 shall apply mutatis mutandis.

     13.4 The Seller and the German Purchaser have entered in accordance with
          Clause 7.4.5 into an agreement on the assignment, transfer and
          delimitation of intellectual property rights (IP-Uebertragungs- und
          Abgrenzungsvereinbarung; "IP-AGREEMENT") attached as SCHEDULE 13.4,
          entering into effect on the Effective Date.

     13.5 Non-Competition and Non-Solicitation

          13.5.1 Seller's Side

               (i)  For the period of 3 (in words: three) years commencing with
                    the Closing Date the Seller, SI and MI shall not, and the
                    Seller shall cause its Affiliates not to, and SI and MI
                    shall use reasonable efforts to cause the Persons Related to
                    SI or MI not to,

                    (a)  develop, produce, market, sell or render (or assist any
                         other Person in developing, producing, marketing,
                         selling or rendering) products or services in
                         competition anywhere in the world with the products and
                         services sold or provided by the Business on the
                         Closing Date, or

                    (b)  engage in business with, serve as an agent or
                         consultant to, or become a partner, member, principal
                         or stockholder (other than a holder of less than 5% (in
                         words: five percent) of the outstanding voting shares
                         of any publicly held company) of or be engaged by, any
                         person whose business competes anywhere in the world
                         with the Business as conducted on the Closing Date;

                    The Seller, SI and MI hereby agree that the Purchase Price
                    as set forth in Clause 3 of this Agreement includes
                    consideration for their agreement not to compete as set
                    forth in this Clause 13.5.1(i).

               (ii) The Seller, SI and MI hereby undertake for a period of 2 (in
                    words: two) years commencing with the Closing Date not to
                    actively solicit directly or through Affiliates or Third
                    Parties any employee of the Business.

          13.5.2 Purchasers' Side

               (i)  For the period of 3 (in words: three) years commencing with
                    the Closing Date the Purchasers and the Purchasers'
                    Guarantor shall not, and the Purchasers' Guarantor shall
                    cause its Affiliates not to,

                    (a)  develop, produce, market, sell or render (or assist any
                         other Person in developing, producing, marketing,
                         selling or rendering) products or services in
                         competition in the Territory with the products and
                         services sold or provided by the Remaining Businesses
                         on the Closing Date, or

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<PAGE>
                    (b)  engage in business with, serve as an agent or
                         consultant to, or become a partner, member, principal
                         or stockholder (other than a holder of less than 5% (in
                         words: 5 per cent) of the outstanding voting shares of
                         any publicly held company) of or be engaged by, any
                         person whose business competes in the Territory with
                         the Remaining Businesses as conducted on the Closing
                         Date; except (1) if the business which competes in the
                         Territory with the Remaining Businesses is acquired
                         through the acquisition of a company or a group of
                         companies and if the competing business makes up not
                         more than 10% (in words: ten percent) in balance sheet
                         value, of the balance sheet or consolidated balance
                         sheet of the acquired company or the acquired group of
                         companies as of the date of the closing of the
                         acquisition; (2) the Purchaser's Side is as of the
                         Signing Date already active in such business.

                    Clause 13.5.1, last sentence, applies mutatis mutandis.

               (ii) The Purchasers hereby undertake for a period of 2 (in words:
                    two) years commencing with the Closing Date not to actively
                    solicit directly or through Affiliates or Third Parties any
                    employee of the Seller and the Remaining Businesses.

     13.6 Without prejudice to Purchasers' rights to make claims under the
          Seller's guarantees, Seller will indemnify Purchasers and the Group
          Companies and hold them harmless against all Environmental Costs
          arising from the Environmental Liability in connection with the
          property in Arkel, Holland ("LOCATION"). Environmental Costs shall be
          pro rated on the following basis:

               (i)  the first EUR 800,000 (in words: Euro eight hundred
                    thousand) of Environmental Costs per Location will be paid
                    by Seller;

               (ii) Environmental Costs from EUR 800,000 (in words: Euro eight
                    hundred thousand) to and including EUR 2,000,000 (in words:
                    EURO two million) shall be paid 90 % (in words: ninety per
                    cent) by the Seller and 10 % (in words: ten per cent) by the
                    Group Companies;

               (iii) Environmental Costs from EUR 2,000,000 (in words: EURO two
                    million) to and including EUR 3,000,000 (in words: EURO
                    three million) shall be paid 85 % (in words: eighty five per
                    cent) by Seller and 15 % (in words: fifteen per cent) by the
                    Group Companies; and

               (iv) Environmental Costs in excess of EUR 3,000,000 (in words:
                    Euro three million) shall be paid 83 % (in words: eighty
                    three per cent) by Seller and 17 % (in words: seventeen) by
                    the Group Companies.

          Environmental Costs shall be determined on an after-tax basis
          provided, however, that Seller's maximum liability pursuant to this
          Clause 13.6 shall be limited by Clause 9.3.3.

          The Group Companies shall have the right to control the manner and
          method of all remediation work using consultants and advisors of their
          choice. The Group Companies and the Purchasers undertake to implement
          any remediation program in

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<PAGE>
          a manner that is designed to effectively and efficiently restore the
          contaminated property to a condition that is in compliance with
          applicable Environmental Law. Purchasers and the Group Companies shall
          cause the remediation work to be effected in accordance with practices
          that are customary in the industry and shall use reasonable efforts to
          avoid the incurrence of costs in excess of such amounts as are
          reasonable in order to effect the objectives of the remediation
          program(s).

          Until the Environmental Liability at the Location has been remediated
          and is in compliance with Environmental Law, in each December the
          Purchasers and/or any Group Company (each, a "CLAIMANT") may submit a
          Reimbursement Certificate together with invoices for costs incurred or
          contracts evidencing obligations to third parties, in each case solely
          for costs of remediating the Environmental Liability at the Location.
          The Remediation Certificate shall be a certificate of the Claimant and
          shall provide as follows: (i) the Claimant has either paid, or
          incurred obligations to third parties to pay, costs for the
          remediation of the Environmental Condition at the Location (including
          consulting and engineering costs), (ii) the amount of unreimbursed
          costs that Claimant has paid ("UNREIMBURSED COSTS"), and (iii) the pro
          rata portion of the Unreimbursed Costs that Claimant is entitled to be
          paid pursuant to Clause 13.6, first paragraph, of the Agreement. Not
          later than January 10 of the following year, Seller will pay Claimant,
          by wire transfer to an account designated by Claimant, the amount set
          forth in (iii) of the previous sentence.

     13.7 The Seller hereby grants to the respective Group Company that owns the
          real estate specified under no. 5 in SCHEDULE 8.1.3(I)-(1) in the form
          of a true contract in favour of a third party (echter Vertrag
          zugunsten Dritter) the unconditional and irrevocable right, to sell
          the Belgian real Estate to the Seller at book value. This offer is
          limited in time until 31 January 2006 (the "BELGIAN REAL ESTATE"). In
          the event of such a transfer the Group Company shall be entitled to
          request a lease agreement for the Belgian Real Estate at arms' length.

14   PAYMENTS AND INTEREST

     14.1 Seller's Account; Purchasers' Account

          14.1.1 All payments owed by the Purchasers to the Seller under this
               Agreement shall be paid by the Purchasers free of any costs and
               fees by wire transfer or other electronic means. Except for the
               Escrow Amount, all payments shall be paid to the Seller's bank
               account kept with Dresdner Bank AG,

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<PAGE>
               SWIFT-code DRES DE FF, IBAN DE12 3708 0040 0888 4754 02, bank
               code (Bankleitzahl) 370 800 40, account number 889 59 34
               ("SELLER'S ACCOUNT") or any other account to be nominated by the
               Seller to the Purchasers in compliance with Clause 15 with at
               least 5 (in words: five) Business Days prior to the Closing Date.

          14.1.2 All payments owed by the Seller to either of the Purchasers
               under this Agreement shall be paid by the Seller free of any
               costs and fees by wire transfer or other electronic means to the
               German Purchaser's bank account kept with Deutsche Bank AG
               Duesseldorf, SWIFT-code DEUTDEDD, IBAN DE22 3007 0010 0320 0177
               00, sort code (Bankleitzahl) 300 700 10, account number 320 0177
               00 ("PURCHASERS' ACCOUNT") or any other account to be nominated
               by the Purchasers to the Seller in compliance with Clause 15 with
               at least 5 (in words: five) Business Days prior to the Closing
               Date. Purchasers may only nominate one account for the purposes
               of this Agreement. Any payments made to any of the Purchasers
               under this Agreement shall be made to the specified account. The
               allocation of any amounts paid to the accounts of the Purchasers
               by the Seller shall be dealt with internally between the
               Purchasers.

     14.2 Default Interest

          If a Contractual Party defaults in the payment when due of any amount
          payable under this Agreement, its liability shall be increased to
          include interest on such amount from the date when such payment is due
          until the date of actual payment at a rate per annum of 4% (in words:
          four per cent) over the Base Interest Rate. Interest shall be
          calculated on the basis of actual days elapsed and a calendar year
          with 360 (in words: three hundred sixty) days.

15   NOTICES

     15.1 Form of Notice

          All declarations, notices or other communications hereunder
          ("NOTICES") shall be done in writing in the English language and
          delivered by hand, registered mail, courier or by facsimile to the
          person at the addresses set forth below, or such other addresses as
          may be designated by the respective Contractual Party to the other
          Contractual Parties in the same manner. Any notice to Seller's Side or
          Purchasers' Side, as applicable, shall be served and received
          (zugestellt) if given to the addresses as specified in Clause 15.2 and
          15.3 or any other address designated in accordance with this Clause
          15. However, neither Seller's Side nor Purchasers' Side may designate
          more than one recipient and at a maximum two recipients receiving
          copies of any Notice.

     15.2 Notices to Seller's Side

          Any Notice to be given hereunder to any Person of the Seller's Side
          shall be addressed as follows:

          ILLBRUCK GMBH
          MANAGING DIRECTOR
          BURSCHEIDER STRAssE 454
          51381 LEVERKUSEN

                                       52
<PAGE>
          GERMANY

          Fax: +49 (0)2171-391-599

          with a copy to:

          LINKLATERS OPPENHOFF & RAEDLER
          DR. WOLFGANG KRAUEL
          PRINZREGENTENPLATZ 10
          81675 MUNICH
          GERMANY

          Fax: +49 (0)89-41808-100

     15.3 Notices to Purchasers' Side

          Any Notice to be given hereunder to any Person of the Purchasers' Side
          shall be addressed as follows:

          ATTN: MR R. KORACH

          TREMCO INCORPORATED
          3735 GREEN ROAD
          BEACHWOOD, OHIO 44122
          USA

          with a copy to:

          MR STEVE KNOOP

          RPM INTERNATIONAL, INC.
          2628 PEARL RD., BOX 777
          MEDINA, OH 44258
          USA

          and a copy to:

          DR THEO RAUH

          PPR & PARTNER
          KOENIGSALLEE 70
          40212 DUESSELDORF
          GERMANY.

     15.4 Change of Address

          The Seller and the Purchasers are to, without being legally obliged
          to, communicate any change of the respective addresses set forth in
          this Clause 15 as soon as possible in writing to the respective other
          side. Until such communication, the address as hitherto shall be
          relevant.

16   MISCELLANEOUS

                                       53
<PAGE>
     16.1 Whole Agreement, Schedules and Variation

          16.1.1 This Agreement constitutes the full understanding of the
               Contractual Parties and the complete and exclusive statements of
               the terms and conditions of the Contractual Parties' agreements
               relating to the subject matter hereof and supersedes any and all
               prior agreements and understandings, whether written or oral,
               that may exist between the Contractual Parties with respect to
               the subject matter of this Agreement or parts thereof. Side
               agreements to this Agreement do not exist.

          16.1.2 All Schedules attached hereto form an integral part of this
               Agreement.

          16.1.3 No variation of this Agreement, including this Clause 16, shall
               be effective unless in writing and signed by or on behalf of the
               Contractual Parties, unless a stricter form (e.g. notarization)
               is required under applicable law.

     16.2 Definitions and Language

          16.2.1 In this Agreement defined terms shall have the meaning as so
               defined throughout the entire Agreement, unless a different
               meaning is expressly attributed to the respective term in respect
               of any single Clause of this Agreement.

          16.2.2 Legal terms used in this Agreement shall have the meaning
               attributed to them under German law, when translated into German.
               If a German translation is given in italic such translation shall
               be decisive. This Clause 16.2.2 shall apply mutatis mutandis to
               any legal concept associated with any such legal term.

          16.2.3 Legal terms under German law shall extend to any corresponding
               or identical legal terms under foreign law to the extent that
               relevant facts and circumstances must be assessed under such
               foreign law. Where no corresponding or identical legal terms
               under foreign law exist, such legal terms shall be introduced as
               functionally come closest to the legal terms under German law.

     16.3 No Assignment

          Except as otherwise expressly provided in this Agreement, neither
          Contractual Party may without the prior written consent of the
          respective other Contractual Parties, assign, grant any security
          interest over, hold on trust or otherwise transfer the benefit of the
          whole or any part of this Agreement. Any assignment to Affiliates of
          either the Seller or the Purchasers shall be permitted without written
          consent of the respective other Contractual Parties, in which case the
          assigning Contractual Party shall remain jointly and fully liable for
          any obligation under this Agreement.

     16.4 No Right to Set-off/Withhold

          Unless expressly stated otherwise in this Agreement, any right of the
          Purchasers' Side to set-off and/or to withhold any payments due under
          this Agreement is hereby expressly waived and excluded except for
          claims which are undisputed (unstreitig) or have become res iudicatae
          (rechtskraeftig festgestellt).

     16.5 Costs

                                       54
<PAGE>
          Unless provided otherwise in this Agreement including its Schedules,
          each Contractual Party shall bear all costs incurred by it in
          connection with the preparation and negotiation of this Agreement. Any
          transaction fees, except for the fees, etc. covered in Clause 16.6,
          arising at any of the Group Companies, including, but not limited to,
          broker fees, transaction bonuses, advisors fees, etc. shall be borne
          by the Seller.

     16.6 Notarial Fees, Registration, Tax

          All transfer Tax, costs for the notarisation of this Agreement, stamp
          fees and any other charges and costs which result from this Agreement
          and the Closing of the transaction considered hereby shall be borne by
          the Purchasers. All charges, costs and fees which result from the
          filings under the merger control laws, including, but not limited to,
          the charges, costs and fees of the Competent Authorities, shall also
          be borne by the Purchasers. The Purchasers shall be responsible for
          arranging the payment of all such Tax, costs charges and fees,
          including fulfilling any administrative or reporting obligation
          imposed by the applicable laws in connection with the payment of such
          Taxes and costs. The Purchasers shall indemnify the Seller's Side
          against any damages and losses suffered by the Seller's Side as a
          result of the Purchasers failing to comply with their obligations
          under this Clause 16.6. Notwithstanding the above, each Contractual
          Party shall bear the costs of its own advisors.

     16.7 Governing Law and Exclusive Jurisdiction

          16.7.1 This Agreement shall be governed by and construed in accordance
               with the laws of the Federal Republic of Germany.

          16.7.2 In the event of any dispute between the Contractual Parties
               arising out of or in connection with this Agreement, exclusive
               jurisdiction shall be with the competent courts of Cologne.

     16.8 Severability

          Should any provision of this Agreement be or become invalid,
          ineffective or unenforceable as a whole or in part, the validity,
          effectiveness and enforceability of the remaining provisions shall not
          be affected thereby. Any such invalid, ineffective or unenforceable
          provision shall be deemed replaced by such valid, effective and
          enforceable provision as comes closest to the economic intent and the
          purpose of such invalid, ineffective or unenforceable provision as
          regards subject-matter, amount, time, place and extent. The aforesaid
          shall apply mutatis mutandis to any gap in this Agreement.

IN WITNESS thereof this Agreement has been duly executed.

                                       ***

                                       55<PAGE>
                                                                    Exhibit 10.3

                       JOINDER AND REAFFIRMATION AGREEMENT

     This JOINDER AND REAFFIRMATION AGREEMENT (this "Agreement"), dated as of
August 24, 2005, is entered into by and among RPM UNITED KINGDOM G.P., a general
partnership formed under the laws of England (the "Obligor"), RPM INTERNATIONAL
INC., a Delaware corporation (the "Original Borrower"), and NATIONAL CITY BANK,
as administrative agent (the "Administrative Agent") on behalf of and for the
benefit of the Lenders, as defined in the Credit Agreement referred to below.

                                    RECITALS:

     (1) The Original Borrower, the Administrative Agent, and the Lenders are
parties to the Credit Agreement, dated as of November 19, 2004, among the
Original Borrower, the Lenders and the Administrative Agent (as the same may
from time to time be amended, restated or otherwise modified, the "Credit
Agreement") wherein the Administrative Agent and the Lenders have agreed to make
Loans, as defined in the Credit Agreement, and to issue Letters of Credit, as
defined in the Credit Agreement, to the Original Borrower.

     (2) Pursuant to Section 2.09(b) of the Credit Agreement, the Original
Borrower has requested that the Obligor be designated a Foreign Borrower under
the Credit Agreement.

     (3) The Administrative Agent and the Lenders are willing to allow the
Obligor to become a Foreign Borrower under the Credit Agreement and each Lender
is willing to make Revolving Loans, as defined in the Credit Agreement, to the
Obligor pursuant to its Revolving Commitment, as defined in the Credit
Agreement, upon certain terms and conditions as set forth in the Credit
Agreement, one of which is that the Obligor execute and deliver this Agreement
to the Administrative Agent.

                                   AGREEMENT:

     In consideration of the foregoing premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

     1. Defined Terms. All capitalized terms used herein without definition
shall have the same meanings herein as such terms are defined in the Credit
Agreement.

     2. Joinder. The Obligor executes and delivers this Agreement for the
purpose of becoming a Foreign Revolving Borrower under the Credit Agreement with
the same force and effects as if the Obligor were an original signatory thereto.
On and after the date hereof, the Obligor shall be irrevocably and
unconditionally liable for all of its obligations, as a Foreign Revolving
Borrower, under the Credit Agreement, as fully as if such Obligor had been an
original party to the Credit Agreement, including, but not limited to, all
amounts, indemnities and reimbursement obligations, direct or indirect,
contingent or absolute, of every type or description, and at any time existing,
owing by the Obligor to the Administrative Agent, any Lender, the Swing Line
Lender or LC Issuer pursuant to the terms of the Credit Agreement or any other
Loan Document (including, but not limited to, interest and fees that accrue
after the commencement by or against any Borrower of any insolvency proceeding,
regardless of whether allowed or allowable in such proceeding or subject to an
automatic stay under Section 362(a) of the Bankruptcy Code).
<PAGE>
     3. Obligor Party to the Credit Agreement. On and after the date hereof, the
Obligor shall (a) be designated a Foreign Revolving Borrower pursuant to the
terms and conditions of the Credit Agreement, and (b) become bound by all
representations, warranties, covenants, provisions and conditions of the Credit
Agreement and each other Loan Document applicable to a Foreign Revolving
Borrower as if the Obligor had been the original party making such
representations, warranties and covenants.

     4. Representations and Warranties of the Obligor. The Obligor represents
and warrants to the Administrative Agent and each Lender that:

     (a) the Obligor is an entity duly organized or formed, validly existing and
in good standing or in full force and effect under the laws of its jurisdiction
of organization or formation, as the case may be, and is duly qualified or
authorized to do business in each jurisdiction in which the Obligor is doing
business;

     (b) the Obligor has full power, authority and legal right to execute and
deliver this Agreement, and to perform and observe the provisions hereof and of
the Credit Agreement and the Notes, and the officers acting on behalf of the
Obligor have been duly authorized to execute and deliver this Agreement;

     (c) this Agreement, the Credit Agreement and the Notes are each valid and
binding upon the Obligor and enforceable against the Obligor in accordance with
their respective terms; and

     (d) each of the representations and warranties set forth in Section 8 of
the Credit Agreement are true and complete with respect to the Obligor as a
Foreign Borrower under the Credit Agreement.

     5. Representations and Warranties of the Original Borrower and the Obligor.
The Original Borrower and the Obligor represent and warrant to the
Administrative Agent and each Lender that:

     (a) no Default or Event of Default exists under the Credit Agreement, nor
will any occur immediately after the execution and delivery of this Agreement or
by the performance or observance of any provision hereof;

     (b) neither the Original Borrower nor the Obligor has any claim or offset
against, or defense or counterclaim to, the Original Borrower's obligations or
liabilities under the Credit Agreement or any Loan Document; and

     (c) neither the execution and delivery of this Agreement, nor the
performance and observance of the provisions hereof, by the Obligor will
conflict with, or constitute a violation or default under, any provision of any
applicable law or of any contract (including, without limitation, the Obligor's
organizational, constituting or governing documents) or of any other writing
binding upon the Obligor in any manner.

     6. Reaffirmation. The Original Borrower hereby confirms, ratifies and
affirms all of its obligations, liabilities, convenants and agreements under the
Credit Agreement and hereby affirms, confirms and ratifies the Credit Agreement,
as supplemented by this Agreement.

                                       2
<PAGE>
     7. Conditions Precedent. Concurrently with the execution of this Agreement,
the Original Borrower and the Obligor, as appropriate, shall:

     (a) satisfy each of the conditions set forth in Sections 2.09(b) and 7.03
of the Credit Agreement;

     (b) pay all legal fees and expenses of the Administrative Agent incurred in
connection with this Agreement to the extent invoiced on or prior to the date
hereof; and

     (c) provide such other items as may be reasonably required by the
Administrative Agent or the Lenders in connection with this Agreement.

     8. Binding Nature of Agreement. All provisions of the Credit Agreement
shall remain in full force and effect and be unaffected hereby. This Agreement
shall bind and benefit the Original Borrower, the Obligor, the Administrative
Agent, the Lenders and their respective successors and assigns.

     9. Counterparts. This Agreement may be executed in any number of
counterparts, by different parties hereto in separate counterparts and by
facsimile signature, each of which when so executed and delivered shall be
deemed to be an original and all of which taken together shall constitute but
one and the same agreement.

     10. Governing Law. The rights and obligations of all parties hereto shall
be governed by the laws of the State of Ohio, without regard to principles of
conflicts of laws.

     11. JURY TRIAL WAIVER. EACH OF THE UNDERSIGNED, TO THE EXTENT PERMITTED BY
LAW, WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, AMONG THE ADMINISTRATIVE
AGENT, ANY OF THE LENDERS, THE OBLIGOR AND/OR THE ORIGINAL BORROWER ARISING OUT
OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED BETWEEN EACH OF THEM IN CONNECTION WITH THIS AGREEMENT OR ANY NOTE
OR OTHER AGREEMENT, INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION
THEREWITH OR THE TRANSACTIONS RELATED HERETO.

                  [Remainder of page intentionally left blank.]

                                        3
<PAGE>
     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered as of the date first written above.

                                        RPM UNITED KINGDOM G.P.

                                        By: /s/ P. Kelly Tompkins
                                            ------------------------------------
                                        Name: P. Kelly Tompkins
                                        Title: Member of the Management
                                               Committee and Secretary

                                        RPM INTERNATIONAL INC.

                                        By: /s/ Keith R. Smiley
                                            ------------------------------------
                                        Name: Keith R. Smiley
                                        Tilte: Vice President, Treasurer and
                                               Assistant Secretary

                                        NATIONAL CITY BANK,
                                        as Administrative Agent

                                        By: /s/ Robert S. Coleman
                                            ------------------------------------
                                        Name: Robert S. Coleman
                                        Title: Senior Vice President

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