Document:

exv4w10

Exhibit 4.10

Lease Agreement

Jin-Ho Park, the president of Fine Tower whose location is 826-24, 25 Yoksam-dong, Gangnam-gu,
Seoul, Korea (“the Lessor”) and Yong-Bae Ku, the CEO of Interpark Gmarket whose location is 6-8fls
LG Life Insurance Building 649-11 Yoksam-dong, Gangnam-gu, Seoul, Korea (“the Lessee”) hereby enter
into the following lease agreement.

Subject of Lease Agreement

826-24 Yoksam-dong, Gangnam-gu, Seoul, Korea

8th, 9th, 10th, 11th, 12th, 14th
floor of the building above. Total 1,672.50 py

* The above area includes allocated common area.

	 	1.	 	Period of Lease Agreement
	 
	 	 	 	The Lease Agreement (this “Agreement”) is effective from October 21, 2008 to February 28,
2011.
	 
	 	1.	 	Lease Deposit
	 
	 	 	 	KRW 4,892,895,000
	 
	 	1.	 	Monthly Rent
	 
	 	 	 	KRW 73,393,425
	 
	 	1.	 	Monthly Maintenance Fee
	 
	 	 	 	KRW 50,175,000

	 	 	The increase in maintenance fee shall be applied equally to all tenants. VAT excluded. VAT to
be paid by B.

	 
	 	 	The electricity shall be paid by B, and the gas shall be included in the monthly maintenance
fee for the usage during weekdays (08:00~19:30) and Saturdays (08:00~13:00) but if B requires
air conditioning/heating for other times than specified above, B shall pay for the gas used.

Article 1. Lease

	 	1)	 	A shall lease the subject of the Lease Contract to B and B shall rent the subject.
	 
	 	2)	 	B shall not hold any rights to the subject of the Lease Contract other than the right
to occupy and use the area as a tenant.
	 
	 	3)	 	B cannot use the subject of the Lease Contract for exhibition hall, warehouse,
institute and any other purposes than office space.

Article 2. Deposit

	 	1)	 	On signing the Lease Contract, B shall pay the above deposit
to A according to the
following schedule.

	 	Deposit: 	On signing the Contract 	KRW 0
	 
	 	Installment: 	On MM/DD/YYYY 	KRW 0

	 	 	 	Remaining Balance:                     On October 20, 2008                     KRW 1,075,345,000

	 	 	 	* Of the remaining balance, the deposits from the two previous lease contracts
KRW3,817,550,000 shall be deducted from the amount and the difference KRW1,075,345,000
shall be paid by wire transfer. (Deposit KRW3,127,300,000 for the lease contract on floors
from 9th to 12th signed on September 16, 2006/ Deposit
KRW3,817,550,000
for lease contract on 8th floor signed on July 19, 2007)

	 	2)	 	The deposit from the previous item shall be without interest.

 

 

	 	3)	 	B cannot replace deposit with payment of monthly rent and other expenses, and cannot
transfer to a third party or provide as pledge, or other guarantee the right to claim
lease deposit.
	 
	 	4)	 	A may deduct the monthly rent and other expenses owed by B from the deposit if B is
default in its payment without any prior consent from B. In such case, A shall notice B of
such deduction and B hereby agrees not to raise any objection to A’s unilateral decision
on deduction.

Article 3. Calculation of Monthly Rent

	 	1)	 	The base calculation date for monthly rent shall be the effective date of the Lease
Contract despite the date when B moved to the subject of the lease contract.
	 
	 	2)	 	When the Lease Contract begins or ends during a month, monthly rent of the month
shall be calculated pro rata.
	 
	 	3)	 	B shall pay the monthly rent for the period when B did not use the subject of the
Lease Contract when the period falls into the life of the Contract period, excluding when
the reason for inability to use the area is due to reasons not attributable to B such as
defects in the subject.
	 
	 	4)	 	B shall pay by 27th day of each month the above monthly rent and
maintenance fee of the month to B. In case when the 27th day of the month is a
bank holiday, the payment shall be made on the next business day.

Article 4. Late Fee

In case when B is delinquent in paying the monthly rent and maintenance fee to A according to the
Lease Contract, B shall pay additional late fee which is the delinquent amount with 20% annual
interest.

Article 5. Automatic Renewal

Without a written notice between the two parties of the contract by three (3) months before the
expiration of the agreement which states otherwise, A and B hereby agree to extend the Lease
Contract for additional year on the same terms and conditions.

Article 6. Cancellation within Life of the Contract

	 	1)	 	If A or B wishes to cancel the Contract prematurely, the cancelling party can cancel
the contract by sending a written notification of cancellation to the other party six (6)
months prior to the expiration date. Any party cannot cancel the Contract during the first
year.
	 
	 	2)	 	If a party cancels the Contract prematurely, the cancelling party shall pay for the
real estate brokerage commission.

Article 7. Modification in Rent Deposit and Monthly Rent

When there occurs inevitable circumstances that demand increase in the above deposit and monthly
rent on the subject of the Lease Contract which include increase in public dues on the subject,
increase in deposit and monthly rent among the similar industry, price increase, and any other
change in economic circumstances, A may increase the deposit and monthly rent after consultation
with B.

Article 8. Addition and Modification of Facilities in the Subject of Lease Contract

For B to engage in any of the following activities, B should submit the request for approval on
construction along with blueprint drawings to A at least two (2) weeks before the construction date
at the cost of B. A shall provide approval in writing and any approval in other form than in
writing shall not be valid. In any of the following cases, A may provide supervision for the
construction to guarantee consistency of the building.

	 	1)	 	New addition or modification of internal partition, window and/or interior decoration
	 
	 	2)	 	New installation, relocation, and/or modification of lighting, power outlet, phone
line, water
supply, and other facilities

 

 

Article 9. Use of Dedicated Building Parking Space

	 	1)	 	4 vehicles (per floor) of B can be parked in the spaces designated by A within the
space without charge. Vehicles of any visitor can be parked in the building parking space
with fee. Car lift is not available from 20:00 to 08:00 of the following day.
	 
	 	2)	 	If B or any of B’s related persons incur any loss to the building parking space, its
auxiliary facilities, or to another person’s vehicle intentionally or by accident, B shall
pay for the loss incurred.
	 
	 	3)	 	When B or any of B’s related persons use car lift for parking, A shall not be held
responsible for any accident caused by an error on the part of B or any of B’s related
persons.
	 
	 	4)	 	All matters related to the parking order shall be according to A’s instruction.

Article 10. Protection of Asset

B shall be solely responsible for guaranteeing safety of B’s asset, and A shall not be held
responsible for any loss due to fire, theft, disaster and other force majeure. Exceptionally A
shall be responsible for any damage incurred from failure to honor the responsibility as the
building manager as specified by the relevant laws and regulations.

Article 11. Prohibition of Transfer of Right and Sublease

	 	1)	 	B cannot transfer, resell, sublease (including partial sublease) and/or provide as
pledge or any other guarantee the rights according to the Lease Contract to a third party.
	 
	 	2)	 	According to the articles of the Contract, B cannot claim any rights including
premium.
	 
	 	3)	 	If B violates the previous clause, A may immediately cancel the Lease Contract
without any notification and B cannot raise any objection to the cancellation.
	 
	 	4)	 	B cannot have any other party than B to occupy or use the subject of the Lease
Contract without a written approval from A, and post the name of a third party as an
occupant of the subject.

Article 12. Prohibition of Residence

For any reason and pretext, B cannot establish residence in the subject of the Lease Contract. With
a written approval from B, however, B can have a night watch on shift.

Article 13. Prohibitions

B cannot engage in any of the followings.

	 	1)	 	Installation and display of signage, promotional material or display of fixture and
product that may cause public displeasure or be an obstacle to public installation
	 
	 	2)	 	Introduction or storage of explosive, dangerous item, item that is harmful to body,
that may cause damages to the asset, or item that A has prohibited is usage
	 
	 	3)	 	Any disturbance, use of musical instrument, raising of pet other than fish in a fish
bowl
	 
	 	4)	 	Installation of signage outside

	 
	 	5)	 	Usage of vending machine and independent air conditioning
	 
	 	6)	 	Any other activity that is in violation of the Management Agreement attached to the
Lease Contract

Article 14. Duty of Notification

For any of the followings, B should immediately send a written notification and required documents
to A.

	 	1)	 	Change in the company name and the representative of the company

	 
	 	2)	 	Change in the ownership from individual business owner to incorporation or vise versa

Article 15. Duty of Compliance

B and its employees shall be in compliance with the relevant laws and regulations in their business
activities and shall observe the related regulations determined by A in maintenance and usage of
the
subject of Lease Contract and its auxiliary facilities.

 

 

Article 16. Cancellation

When B has done any of the followings, A may request correction to B. When B fails to make the
correction within 15 days from A’s request, A may cancel the Contract immediately.

	 	1)	 	When monetary obligation that B owed to A which includes the rent and other expenses
is in arrear for two (2) months or more
	 
	 	2)	 	When B causes damages to the honor and reputation of A
	 
	 	3)	 	When B violates the terms of the Lease Contract and the rules and guidelines defined
by A
	 
	 	4)	 	When B violates laws and regulations
	 
	 	5)	 	When a third party seized or performed compulsory execution on the rent deposit, or
when a significant circumstance occur to B which is deemed to cause the continuance of the
Lease Contract impossible
	 
	 	6)	 	B shall have a complete responsibility for security of B’s Asset against such threat
as fire and theft, and B shall be have the internal responsibility of enforcement of such
security. B shall install and manage fire extinguishers required to prevent fire within
the subject of the Lease Contract and B cannot install any fixture or equipment that is in
violation of the Fire Service Act.
	 
	 	7)	 	If B installs any illegal facility or engages in illegal business activity which
results in the penalty of fine, penalty, and suspension of business or administrative
restriction from the government and/or competent administrative agency, B shall have civil
and criminal responsibility of such action and A may cancel the Lease Contract. In such
case, B shall recover the area occupied and used under the Contract to its original
condition within 30 days from receiving the notice of cancellation and surrender the area
to A in full.

Article 17. Expiration of Contract

The Lease Contract shall expire on any of the following occasions.

	 	1)	 	Expiration of effective period of the Lease Contract
	 
	 	2)	 	Cancellation by A according to Article 11. 3 and to Article 16
	 
	 	3)	 	Cancellation according to Article 6

Article 18. Return of Deposit

When the Lease Contract expires or cancels according to the previous article, the duty of B to
surrender the subject of the Lease Contract to A and the duty of A to return the rent deposit to B
shall be occurred concurrently. If B owes any payment which may include rent, maintenance fee, and
any other expense, the deposit shall be returned to B after the outstanding payment deducted from.

Article 19. Indemnity

B shall have the sole responsibility to manage safety and security of B’s asset, and A shall not be
responsible for any fire, theft or any other loss or damages that is not attributable to A.

Article 20. Compensation for Damages

	 	1)	 	B shall manage the subject of the Lease Contract as a good manager.
	 
	 	2)	 	If B, its employees and/or its customers inflict any damage to A intentionally or
accidently, B shall make immediate notification of such damage and compensate for the
inflicted damage.
	 
	 	3)	 	The amount of damages shall be determined through mutual consultation. .

Article 21. Order of Payment

B shall pay the miscellaneous expenses in the order of overdue payment, maintenance fee, rent, and
rent deposit.

Article 22. Definition of Employee

Employee of B in the Lease Contract shall mean any and all employees of B who are engaged or
involved in B’s business.

Article 23. Surrender and Recovery

 

 

	 	1)	 	B shall bring out B’s property and asset from the subject of the Lease Contract and
surrender the area after it is recovered to its original state based on the as-built
drawings by one (1) day prior to the day of expiration of the Contract when such surrender
takes place due to the Contract expiry, or by the date designated by A in case of a
premature cancellation.
	 
	 	2)	 	At the time of surrender, B hereby agrees not to exercise the right to claim expense,
lien, or any other claim of rights or request payment on the grounds that there was any
fixed facility installed at B’s own expense or that B born any cost in interior decoration
according to Article 8.
	 
	 	3)	 	If B fails to honor the previous clause 1), B shall pay A for the rent and other
expenses for the days from the expiration of the Lease Contract or the date when A decided
on for surrender of the area to the completion of surrender or recovery.
	 
	 	4)	 	If B fails to complete the recovery due to reasons attributable to B, B hereby agrees
not to raise any civil or criminal objection to A for its recovery of the area by
unilaterally withdrawing funds from the rent deposit established by B.

Article 24. Agency for Surrender

	 	1)	 	If B does not withdraw its possessions from the area even after the expiration of the
Lease Contract, A may send the possessions to the address of B or of B’s guarantor as
specified in the Lease Contract at the responsibility and cost born by B.
	 
	 	 	 	Under special circumstances when withdrawal to B or B’s guarantor is not possible, A may
assign a third party to keep the possessions at the responsibility and cost born by B.
	 
	 	2)	 	A shall not be held responsible for any loss that may incur due to the previous
clause.
	 
	 	3)	 	In case of the above clause 1), B shall pay the general rent and other expenses to A
for the period from the expiration of the Lease Contract to the date when the possessions
were withdrawn or delivered to a third party for storage.

 

 

Management Agreement

Jin-ho Park, CEO of Fine Tower and Yong-Bae Ku, CEO of Gmarket Inc. hereby agrees as the
followings.

	1.	 	Modification of Facilities

	 	— 	 	Facilities shall be modified after prior consultation with A, approval from A on the
design, construction by qualified company, and final inspection on the construction by A.

	 	• 	 	Elevator hall, electricity and other basic facilities cannot be modified
	 
	 	• 	 	Design and construction should abide by the relevant laws and regulations on fire
prevention, electricity and facilities.
	 
	 	• 	 	Materials used should be nonflammable, fire retardant and KS approved.
	 
	 	• 	 	Maintenance on the modified facilities shall be under B’s responsibility.
	 
	 	• 	 	B shall be held responsible for any damages to facilities and equipment due to
movement and relocation of fixture during the construction and movement.
	 
	 	 	 	(Thorough prior caution on the elevator, FCU, lighting, marble floor etc)
	 
	 	• 	 	After the construction and before the final inspection by A, B shall clean and wax
all the area affected by the construction which include FCU box, EPS room, lighting
fixture, elevator hall, main and emergency staircases and elevator hall (B1).

	 	—	 	Prior consultation shall be made before the construction and movement to minimize any
inconvenience to other tenants and the construction and movement shall follow A’s
instruction.
	 
	 	—	 	Any minor modification shall take place after consultation with A.
	 
	 	—	 	Interior construction for 14th floor shall start from October 25 and the
rent shall not be charged for 14th floor until October 31.

	2.	 	Maintenance

	 	—	 	When B changes any material from its original material including the floor carpet, B
shall purchase and prepare other equipment and items required for the maintenance of the
changed material.
	 
	 	 	 	(Vacuum cleaner, carpet cleaning detergent, etc.)
	 
	 	—	 	B shall purchase soap for the toilet and designated garbage bags.
	 
	 	—	 	Specific garbage and any other garbage from interior decoration and movement shall be
taken care of by B.

	3.	 	Electricity

	 	—	 	Electricity meter installed on every floor shall be checked regularly with
confirmation from B and the usage shall be distributed between common and specific usage
and paid by B.

	4.	 	Other

	 	—	 	Prior consultation is required for any communication equipment, and installation of
acoustic equipment (microphone, amplifier etc.) is prohibited.
	 
	 	—	 	Food cannot be brought inside and smoking is prohibited in the building.
	 
	 	—	 	Clapping of hands and/or singing inside the building on the grounds to motivate the
staff morale are strictly prohibited.
	 
	 	—	 	Parking fee is charged at KRW 2,000 per every 30 minutes for vehicles of visitors to
the tenant. Confirmation of visit is required.
	 
	 		 	* Purchase of parking coupon shall be consulted separately.
	 
	 	—	 	Contact Number: Management Office 561-8920, Boiler Room 561-8921, Guard Room
568-2820, Cleaning Room 568-2937, Parking Office 568-2976
	 
	 	—	 	A and B shall make prior consultation to prevent any inconvenience of tenants.

 

 

October 20, 2008

	A 	 	826-24, Yoksam-dong, Gangnam-gu, Seoul, Korea

Fine Tower

Jin-Ho Park
	 
	B 	 	6-8fls LG Life Insurance Building 649-11 Yoksam-dong, Gangnam-gu, Seoul, Korea

Interpark Gmarket

Yong-Bae Ku

 

 

Special Clause

Jin-Ho Park, the president of Fine Tower whose location is 826-24, 25 Yoksam-dong, Gangnam-gu,
Seoul, Korea (“the Lessor”) and Yong-Bae Ku, the CEO of Interpark Gmarket whose location is 6-8fls
LG Life Insurance Building 649-11 Yoksam-dong, Gangnam-gu, Seoul, Korea (“the Lessee”) hereby agree
on the following special clauses on the Lease Contract established on October 20, 2008 regarding
the subject (8th~12th floors and 14th floor of building located in
826-24, 25 Yoksam-dong, Gangnam-gu, Seoul, Korea of total space of 1,672.50 py) for the period from
October 21, 2008 to February 28, 2010.

	1.	 	After the signing of the Contract, B may request A to agree on completion of establishment of
the right to term lease with deposit; and A shall respond to the request without any objection
and in good faith.
	 
	2.	 	If A wishes to change the priority fixed collateral holder from Woori Bank to other bank, B
shall immediately issue a document to release the fixed collateral established by B so that
the other bank designated by A can be the priority fixed collateral holder. The amount of
fixed collateral cannot exceed existing amount and the legal representations from respective
sides shall jointly participate in the process. A shall establish the first priority fixed
collateral with the new bank, and shall reinstate B’s fixed collateral. A shall bear all the
cost from the process.
	 
	3.	 	Additional special clause shall have precedence over the Contract and the Special Clause.

October 20, 2008

Lessor (A): Fine Tower

Name: Jin-Ho Park

Business Registration Number: 220-02-72306

Residence Identification Number: 471110-1047611

Address: 826-24, Yoksam-dong, Gangnam-gu, Seoul, Korea

Lessee (B): Interpark Gmarket

Name: Yong-Bae Ku

Business Registration Number: 220-81-83676

Residence Identification Number: 110111-1934151

Address: 6-8fls LG Life Insurance Building 649-11 Yoksam-dong, Gangnam-gu, Seoul, KoreaExhibit 10.1
    

    

    

    
      AMENDMENT NO. 1

    

    
      This AMENDMENT NO. 1, dated as of March 16, 2009 (“Amendment
      No. 1”), is entered into by and among DAYTON SUPERIOR CORPORATION, a
      Delaware corporation (the “Borrower”), the persons
      designated as “Lenders” on the signature pages hereto (the “Lenders”),
      and GENERAL ELECTRIC CAPITAL CORPORATION (“GE Capital”), a
      Delaware corporation, as administrative agent (in such capacity, the “Administrative
      Agent”).
    

    
      WHEREAS, the Borrower, the other Loan Parties, the Lenders and GE
      Capital, as administrative agent and collateral agent, are party to the
      Revolving Credit Agreement dated as of March 3, 2008 (the “Original
      Credit Agreement”; all capitalized terms defined in the Original
      Credit Agreement and not otherwise defined herein to have the meanings
      assigned thereto in the Original Credit Agreement); and
    

    
      WHEREAS, the Borrower wishes to amend the Original Credit Agreement in
      the manner set forth below; and
    

    
      WHEREAS, the Lenders, subject to the terms and conditions of this
      Amendment No. 1, are willing to amend the Original Credit Agreement as
      provided herein.
    

    
      NOW, THEREFORE, in consideration of the premises and the agreements,
      provisions and covenants herein contained, the Borrower and the Lenders
      agree as follows:
    

    
      SECTION 1.
AMENDMENT

    

    
      Subject to the satisfaction of the condition to effectiveness referred
      to in Section 2 below, the Original Credit Agreement is
      hereby amended as follows:
    

    
      (a)  Section 1.1 of the Original Credit Agreement is
      hereby amended by adding in the appropriate alphabetical places the
      following definitions:
    

    
      “Amendment No. 2” means the Amendment No.2 to this
      Agreement dated as of March 16, 2009 among the Borrower, the
      Administrative Agent and the Lenders signatory thereto.  
    

    
      “Amendment No. 2 Effective Date” has the meaning specified
      in Section 2 of Amendment No. 2.
    

    
       “PIK Loan” has the meaning specified in Section 2.19.
    

    
      “PIK Note” means a promissory note of the Borrower, in
      substantially the form of Exhibit K, payable to the order of a
      Lender in a principal amount equal to such Lender’s pro rata share of
      the aggregate amount of interest, fees or other obligations capitalized
      hereunder.
    

    
      (b)  The definition of the term “Applicable Margin”
      appearing in Section 1.1 of the Original Credit Agreement is
      hereby amended and restated in its entirety as follows:
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      “‘Applicable Margin’ means (i) in the case of any
      Eurodollar Rate Loan (other than any Eurodollar Rate Loan constituting a
      Special Overadvance), 6.50%, per annum (ii) in the case of any Base Rate
      Loan (other than any Eurodollar Rate Loan constituting a Special
      Overadvance), 5.50% per annum, (iii) in the case of Eurodollar Rate
      Loans constituting a Special Overadvance, 8.00% per annum and (iv) in
      the case of any Base Rate Loan constituting a Special Overadvance, 7.00%
      per annum.”
    

    
      (c)  The definition of the term “Loan” appearing
      in Section 1.1 of the Original Credit Agreement is amended by
      adding the following parenthetical immediately prior to the period
      appearing at the end of such definition: “(including, without
      limitation, Revolving Loans, Swing Loans and PIK Loans)”.
    

    
      (d)  The definition of the term “Note” appearing
      in Section 1.1 of the Original Credit Agreement is amended and
      restated in its entirety to read as follows:
    

    
      “‘Note’ means (i) a promissory note of the Borrower,
      in substantially the form of Exhibit B, payable to the order of a
      Lender in a principal amount equal to the amount of such Lender’s
      Commitment, or (ii) a PIK Note, as applicable.”
    

    
      (e)  The definition of the term “Revolving Loan”
      appearing in Section 1.1 of the Original Credit Agreement is
      amended and restated in its entirety to read as follows:
    

    
      “‘Revolving Loan’ (i) means a loan made or to be made
      in accordance with the terms of Section 2.1 (which, in the context of
      the making of such loan shall not include any PIK Loan) and (ii) also
      means, as the context requires, the outstanding principal balance of
      such loan (which in all cases shall include all PIK Loans added to such
      loan pursuant to Section 2.19 or evidenced by a PIK Note).”
    

    
      (f)  The definition of the term “Scheduled Maturity
      Date” appearing in Section 1.1 of the Original Credit
      Agreement is amended and restated in its entirety as follows:
    

    
      “‘Scheduled Maturity Date” means March 23, 2009.”
    

    
      (g)  The definition of the term “Swing Loan”
      appearing in Section 1.1 of the Original Credit Agreement is
      amended and restated in its entirety as follows:
    

    
      “‘Swing Loan’ (i) means a loan made or to be made in
      accordance with the terms of Section 2.3 (which, in the context
      of the making of such loan shall not include any PIK Loan added to such
      loan pursuant to Section 2.19 or evidenced by a PIK Note) and
      (ii) also means, as the context requires, the outstanding principal
      balance of such loan (which in all cases shall include all PIK Loans
      added to such loan pursuant to Section 2.19 or evidenced by a PIK
      Note).”
    

    
      (h)  Section 2.1(a) of the Original Credit Agreement is
      hereby amended by replacing the text “agrees to make loans in Dollars
      (each a ‘Revolving Loan’)” appearing therein with the text
      “agrees to make Revolving Loans in Dollars”.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (i)  Section 2.3(a) of the Original Credit Agreement is
      hereby amended by replacing the text “make loans in Dollars (each a ‘Swing
      Loan’)” appearing therein with the text “agrees to make Swing Loans
      in Dollars”.
    

    
      (j)  Section 2.9(a) of the Original Credit Agreement is
      amended and restated in its entirety to read as follows:
    

    
      “(a)      Rate.  The Loans
      and the outstanding amount of all other Obligations (other than pursuant
      to Secured Hedging Agreements) shall bear interest, in the case of the
      Loans (other than PIK Loans), on the unpaid principal amount thereof
      from the Closing Date, in the case of PIK Loans, on the unpaid principal
      amount thereof from the date deemed made, and, in the case of such other
      Obligations, from the date such other Obligations are due and payable
      until, in all cases, paid in full, except as otherwise provided in clause
      (c) below, as follows:  (i) in the case of Base Rate Loans, at a
      rate per annum equal to the sum of the Base Rate and the Applicable
      Margin, each as in effect from time to time, (ii) in the case of
      Eurodollar Rate Loans, at a rate per annum equal to the sum of the
      Eurodollar Rate and the Applicable Margin, each as in effect for the
      applicable Interest Period, and (iii) in the case of other Obligations,
      at a rate per annum equal to the sum of the Base Rate and the Applicable
      Margin for Revolving Loans that are Base Rate Loans, each as in effect
      from time to time.  PIK Loans shall initially be Base Rate Loans and may
      be converted to Eurodollar Rate Loans subsequently in accordance with Section
      2.10.”
    

    
      (k)  Section 2.13(a) of the Original Credit Agreement
      is hereby amended by adding the following language immediately prior to
      the phrase “by wire transfer to the following account”:  “, except to
      the extent of amounts required, or elected by the Borrower in accordance
      with Section 2.19, to be capitalized as additional principal
      obligations,”.
    

    
       (l)  Section 2 of the Original Credit Agreement
      is amended by adding the following Section 2.19 at the end of
      such Section 2 as follows:
    

    
      “Section 2.19  PIK Provisions.  
    

    
      A portion of the interest accruing on the Loans and the other
      Obligations pursuant to Section 2.9 hereof, up to an amount of
      interest representing a per annum rate of 4.00%, may, at the Borrower’s
      election (which election, and the amount thereof, shall be notified
      irrevocably in writing by the Borrower to the Administrative Agent no
      later than ten Business Days prior to the end of the applicable period
      for which accrued interest is required to be paid, or, in the case of
      interest paid on demand, no later than the date of such payment on
      demand), be paid in kind and capitalized as additional principal
      obligations on and as of the date for payment thereof as provided for in
      this Agreement or any Loan Document (payable to the Lenders pro rata),
      all of which shall constitute Obligations as defined herein (such
      Obligations constituting capitalized amounts, “PIK Loans”
      which PIK Loans shall be deemed made on the date of the capitalization
      of such amounts) hereunder and constitute a part of the principal
      outstanding amount of the Loans for all purposes hereof (including the
      accrual of interest thereon at the rates applicable to Loans generally),
      and which may, at the request of any Lender to whom such capitalized
      interest is owing, be evidenced by PIK Notes in the form of Exhibit K
      hereto (and, if so requested by a Lender prior to the date of such
      capitalization, the Borrower shall have delivered a PIK Note evidencing
      such capitalized amounts to such Lender no later than such date of
      capitalization).  Each Lender is hereby authorized by the Borrower to
      enter on a schedule attached to any of its PIK Notes a record of amounts
      capitalized as principal and evidenced thereby, and amounts repaid or
      prepaid thereon, and such entries shall be conclusive in the absence of
      manifest error; provided, however, that the failure by any Lender to
      request or hold any PIK Note or to make any such entry or any error in
      making such entry shall not limit or otherwise affect the obligation of
      the Borrower and the rights and remedies of any Lender hereunder
      (including in respect of that portion of the Loan constituting
      capitalized interest) or and on or under the PIK Notes.”
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (m)  The Original Credit Agreement is amended by attaching as Exhibit
      K thereto the language attached hereto as Exhibit A.
    

    
      (n)  Section 8  of the Original Credit Agreement is
      hereby amended by adding the following Section 8.16 at the end of Section
      8 to read as follows:
    

    
      “Section 8.16  Restrictions on Transactions.
    

    
      Notwithstanding anything to the contrary contained in this Section 8,
      on and after the Amendment No.2 Effective Date the Borrower shall not,
      and shall not permit any other Group Member to, incur any Indebtedness
      (including through an exchange offer or refinancing), make any
      Investment, incur any Lien, sell, transfer or dispose of any of its
      property, make any Restricted Payment, prepay, redeem, purchase, defease
      or otherwise satisfy any Subordinated Debt or Subordinated Refinancing
      Indebtedness, enter into any transaction described in Section 8.7, or
      enter into any transaction with any Affiliate other than the following:
    

    
      (i)       Indebtedness permitted by Section
      8.1(e) or Section 8.1(l) in each case, in the ordinary course
      of business and necessary for the conduct of the operations of Dayton
      Superior Canada Ltd., Section 8.1(a), Section 8.1(i), Section
      8.1(n) or Section 8.1(o),
    

    
      (ii)      Liens permitted by Section
      8.2(a), Section 8.2(b) or Section 8.2(g),
    

    
      (iii)     Investments permitted by Section
      8.3(b) or Section 8.3(c), Investments in Dayton Superior
      Canada Ltd. permitted by Section 8.3(e)(iii) in the ordinary
      course of business and necessary for the conduct of the operations of
      Dayton Superior Canada Ltd., or Investments permitted by Section
      8.3(f), Section 8.3(g) or Section 8.3(i) in the case
      of sales of property permitted by Section 8.4(a)(i),
    

    
      (iv)      sales of property permitted by Section
      8.4, other than Section 8.4(e),
    

    
      (v)       Restricted Payments permitted by Section
      8.5(a), Section 8.5(b), Section 8.5(d)(i) or Section
      8.5(f),
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (vi)      prepayments, redemptions, purchases, defeasances and other
      satisfactions prior to maturity of Subordinated Indebtedness  permitted
      by Section 8.6, other than Section 8.6(b)(ii)(D), Section
      8.6(d) or Section 8.6(e), and
    

    
      (vii)     transactions with Affiliates permitted by Section
      8.9(a), Section 8.9(b), Section 8.9(e) or Section
      8.9(f) or, to the extent that any such Restricted Payment or
      Investment is permitted by this Section 8.16, Section 8.9(c).”
    

    
      SECTION 2.
CONDITIONS TO EFFECTIVENESS

    

    
      This Amendment No. 2 shall be effective as of March 16, 2009 (the “Amendment
      No.2 Effective Date”) subject to and upon  satisfaction on or prior
      to such date of the following conditions: (i) receipt by the
      Administrative Agent of one or more counterparts of this Amendment No. 1
      executed and delivered by the Borrower, the Administrative Agent and the
      Lenders, (ii) receipt by the Administrative Agent of evidence
      satisfactory to the Administrative Agent that the Term Loan Credit
      Agreement has been amended (or is concurrently being amended) pursuant
      to an amendment in the form of Annex I hereto (the “Term
      Loan Facility Amendment”), (iii) receipt by the Administrative Agent
      in immediately available funds of $100,000 in respect of costs and
      expenses of counsel to the Administrative Agent, and $ 243,750 in
      respect of costs and expenses of the financial advisor to the
      Administrative Agent and (iv) receipt by the Administrative Agent of a
      certificate of a Responsible Officer that no Default or Event of Default
      has occurred or is continuing.
    

    
      SECTION 3.
LIMITATION ON SCOPE

    

    
      Except as expressly amended hereby, all of the representations,
      warranties, terms, covenants and conditions of the Loan Documents shall
      remain in full force and effect in accordance with their respective
      terms.  The amendment set forth herein shall be limited precisely as
      provided for herein and shall not be deemed to be a waiver of, amendment
      of, consent to or modification of any term or provision of the Loan
      Documents or any other document or instrument referred to therein or of
      any transaction or further or future action on the part of the Borrower
      or any other Loan Party requiring the consent of the Administrative
      Agent or Lenders except to the extent specifically provided for
      herein.  The Administrative Agent and Lenders have not and shall not be
      deemed to have waived any of their respective rights and remedies
      against the Borrower or any other Loan Party for any existing or future
      Defaults or Event of Default.
    

    
      SECTION 4.
MISCELLANEOUS

    

    
      (a)  The Borrower hereby represents and warrants that (i) this Amendment
      No. 2 has been duly authorized and executed by it, and the Original
      Credit Agreement, as amended by this Amendment No. 2, is its legal,
      valid and binding obligation, enforceable in accordance with its terms,
      except as such enforceability may be limited by applicable bankruptcy,
      moratorium and similar laws affecting the rights of creditors in
      general; and (ii) this Amendment No. 2 is being delivered in the State
      of New York.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (b)  The Borrower hereby ratifies and confirms the Original Credit
      Agreement as amended hereby, and agrees that, as amended hereby, the
      Original Credit Agreement remains in full force and effect.
    

    
      (c)  The Borrower hereby acknowledges, confirms and agrees that, as of
      the date hereof, the security interests and liens granted to the
      Administrative Agent on behalf of itself and the Secured Parties under
      the Original Credit Agreement and the other Loan Documents securing the
      Obligations are in full force and effect, are properly perfected and are
      enforceable in accordance with the terms of the Credit Agreement and the
      other Loan Documents.
    

    
      (d)  The Borrower hereby acknowledges, confirms and agrees that as of
      the open of business on  March 16, 2009, the Borrower was in the
      aggregate indebted to the Administrative Agent and Lenders for Loans
      under the Loan Documents in the aggregate principal amount of
      $95,345,892.50 plus Letter of Credit Obligations in the aggregate amount
      of $8,924,107.50 and that all such obligations under the Credit
      Agreement owing by the Borrower together with interest accrued and
      accruing thereon, and all fees, costs, expenses and other charges now or
      hereafter payable by the Borrower to the Administrative Agent and each
      Lender pursuant to the terms of the Loan Documents and this Amendment
      No. 1, are unconditionally owing by the Borrower to each Lender, without
      offset, defense or counterclaim of any kind, nature or description
      whatsoever.
    

    
      (e)  The Administrative Agent and each Lender party to this Amendment
      No.2 hereby consents to the amendments and modifcations set forth in
      that certain Term Loan Facility Amendment attached hereto as Annex I.
    

    
      (f)  The Borrower hereby represents and warrants as of the date hereof
      in favor of the Administrative Agent and each Lender that each and every
      representation and warranty heretofore made by the Borrower in the
      Original Credit Agreement and the other Loan Documents is true and
      correct as if made on the date hereof (except to the extent such
      representations and warranties expressly relate to an earlier date in
      which case such representations and warranties were true and correct in
      all material respects as of such earlier date) and with specific
      reference to this Amendment No. 2 and all other Loan Documents executed
      and/or delivered in connection herewith, provided that the
      representation and warranty contained in this paragraph (f) shall not
      apply to the representation and warranty contained in Section 4.5
      of the Original Credit Agreement or the representation and warranty
      contained in Section 4.6 of the Original Credit Agreement, except
      to the extent that the representation and warranty contained in Section
      4.6 of the Original Credit Agreement constitutes a representation
      and warranty that the Borrower is Solvent within the meaning of clause
      (c) of the definition of the term ‘Solvent’.
    

    
      (g)  The Borrower agrees that all Loan Documents remain in full force
      and effect notwithstanding the execution and delivery of this Amendment
      No. 1.
    

    
      (h)  This Amendment No. 1 may be executed by the parties hereto in
      separate counterparts, each of which when so executed and delivered
      shall be deemed an original, but all of which counterparts together
      shall constitute but one and the same instrument.
    

    
      (i)  All references in the Loan Documents to the “Credit Agreement” and
      in the Original Credit Agreement as amended hereby to “this Agreement,”
      “hereof,” “herein” or the like shall mean and refer to the Original
      Credit Agreement as amended by this Amendment No. 1 (as well as by all
      subsequent amendments, restatements, modifications and supplements
      thereto).
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (j)  Each of the following provisions of the Original Credit Agreement
      is hereby incorporated herein by this reference with the same effect as
      though set forth in its entirety herein, mutatis mutandis, and as
      if “this Agreement” in any such provision read “this Amendment No. 1”: Section 11.11
      (Notices), Section 11.13 (Governing Law), Section 11.14
      (Jurisdiction), Section 11.15 (Waiver of Jury Trial), Section 11.16
      (Severability) and Section 11.18 (Entire Agreement).
    

    
      SECTION 5.
RELEASE

    

    
      Borrower hereby releases, acquits, and forever discharges the
      Administrative Agent and each of the Lenders and each past or present
      affiliate, officer, director, agent, servant, employee, representative
      and attorney of the Administrative Agent and the Lenders from any and
      all claims, causes of action, suits, debts, liens, obligations,
      liabilities, demands, losses, costs and expenses (including attorneys’
      fees) of any kind, character, or nature whatsoever, known or unknown,
      fixed or contingent, which Borrower may have or claim to have now or
      which may hereafter arise out of or connected with any act of commission
      or omission of the Administrative Agent or any Lender existing or
      occurring prior to the date of this Amendment No. 1 or any instrument
      executed prior to the date of this Amendment No. 1 including, without
      limitation, any claims, liabilities or obligations arising with respect
      to the Original Credit Agreement or the other of the Loan
      Documents.  The provisions of this Section 5 shall
      be binding upon Borrower and shall inure to the benefit of the
      Administrative Agent and the Lenders and each past or present affiliate,
      officer, director, agent, servant, employee, representative and attorney
      of the Administrative Agent and the Lenders.
    

    
      [signature pages follow]

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      WITNESS the due execution hereof by the respective duly
      authorized officers of the undersigned as of the date first written
      above.
    

    

    

    
    	
           
        	
          
            BORROWER:
          

        
	

        	

        	
           
        	

        
	

        	
          
            DAYTON SUPERIOR CORPORATION, a
          

        
	

        	
          
            Delaware corporation
          

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	

        	
          
            /s/ Edward J. Puisis
          

        
	

        	

        	

        	
          
            Name:  Edward J. Puisis
          

        
	

        	

        	

        	
          
            Title: Executive Vice President and CFO
          

        
	

        	

        	

        	
           
        
	

        	
          
            LENDERS:
          

        
	

        	

        	

        	
           
        
	

        	
          
            GENERAL ELECTRIC CAPITAL
          

        
	

        	
          
            CORPORATION,
          

        
	

        	
          
            as Administrative Agent and a Lender
          

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	

        	
          
            /s/ Michelle Handy
          

        
	

        	

        	

        	
          
            Name: Michelle Handy
          

        
	

        	

        	

        	
          
            Title:  Its Duly Authorized Signatory
          

        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Exhibit A
    

    

    

    
      EXHIBIT K
TO
REVOLVING CREDIT AGREEMENT

FORM
      OF PIK NOTE

    

    
    	
          
            Lender:  [NAME OF LENDER]
          

        	
           
        	
          
            New York, New York
          

        
	

        	

        	
          
            ___________, ____
          

        

    

    

    

    
      FOR VALUE RECEIVED, the undersigned, Dayton Superior Corporation, a
      Delaware corporation (the “Borrower”), hereby promises to
      pay to the order of the Lender set forth above (the “Lender”)
      a principal sum (the “Principal Amount”) equal to such
      Lender’s share of the aggregate amount of interest, fees and other
      obligations and amounts capitalized from time to time as additional
      principal in accordance with the Credit Agreement, payable at such times
      and in such amounts as are specified in the Credit Agreement for Loans.
    

    
      The Borrower promises to pay interest on the unpaid portion of the
      Principal Amount from the date of the applicable capitalization as
      principal until such principal amount is paid in full, payable at such
      times and at such interest rates as are specified in the Credit
      Agreement for Loans.  Demand, diligence, presentment, protest and notice
      of non-payment and protest are hereby waived by the Borrower.
    

    
      Both principal and interest are payable in Dollars to General Electric
      Capital Corporation, as Administrative Agent, at 299 Park Avenue, New
      York, New York 10171, in immediately available funds.
    

    
      This Note is a PIK Note and is one of the Notes referred to in, and is
      entitled to the benefits of, the Revolving Credit Agreement, dated as of
      March 3, 2008 (as the same may be amended, restated, supplemented or
      otherwise modified from time to time, the “Credit Agreement”),
      among the Borrower, the Lenders party thereto and General Electric
      Capital Corporation, as administrative agent and collateral agent for
      the Lenders.  Capitalized terms used herein without definition are used
      as defined in the Credit Agreement.
    

    
      The Credit Agreement, among other things, (a) provides for the
      capitalization as principal of certain fees and interest from time to
      time, the Lender’s portion of the aggregate amount of which shall be the
      Principal Amount, and the indebtedness of the Borrower to the Lender
      resulting from such capitalization being evidenced by this Note and (b)
      contains provisions for acceleration of the maturity of the unpaid
      principal amount of this Note upon the happening of certain stated
      events and also for prepayments on account of the principal hereof prior
      to the maturity hereof upon the terms and conditions specified therein.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      This Note is a Loan Document, is entitled to the benefits of the Loan
      Documents and is subject to certain provisions of the Credit Agreement,
      including Sections 1.5 (Interpretation), 11.14(a)
      (Submission to Jurisdiction) and 11.15 (Waiver of Jury
      Trial) thereof.
    

    
      This Note is a registered obligation, transferable only upon notation in
      the Register, and no assignment hereof shall be effective until recorded
      therein.
    

    
      The Lender is authorized (but not obligated) to endorse on the Schedule
      hereto, or on a continuation thereof, the Principal Amount, each
      addition thereto by reason of a capitalization of any amount as
      principal in accordance with the Credit Agreement, and each payment or
      prepayment with respect thereto, which endorsement shall be conclusive
      in the absence of manifest error.
    

    
      This Note shall be governed by, and construed and interpreted in
      accordance with, the law of the State of New York.
    

    
      [SIGNATURE PAGES FOLLOW]

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      IN WITNESS WHEREOF, the Borrower has caused this Note to be executed and
      delivered by its duly authorized officer as of the day and year and at
      the place set forth above.
    

    
    	
           
        	
          
            DAYTON SUPERIOR CORPORATION
          

        
	

        	

        	

        	
           
        
	
          
             
          

        	
          
            By:
          

        	
           
        	

        
	
          
             
          

        	
          
            Name:
          

        	

        
	
          
             
          

        	
          
            Title:
          

        	

        

    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE
PIK NOTE

    

    

    

    
    	
           
        	
           
        	
           
        	
           
        	
           
        	
           
        
	
          
            Date
          

        	
          
            Note Amount
          

        	
          
            Interest
Rate
          

        	
          
            Amount of Principal
Paid or Prepaid /

            (Amount Capitalized
as Principal)
          

        	
          
            Unpaid Principal
Amount of Note
          

        	
          
            Notation
Made By

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