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Exhibit 4.6    
    

 
 

AMENDED AND RESTATED PLEDGE AGREEMENT    
    
    among    
    
    DAYTON SUPERIOR CORPORATION,    
    
    CERTAIN SUBSIDIARIES OF DAYTON SUPERIOR CORPORATION    
    
    and    
    

DEUTSCHE BANK TRUST COMPANY AMERICAS,    
    
    as COLLATERAL AGENT    
    

Dated as of June 16, 2000  

 and  

 Amended and Restated as of June 9, 2003  

  

 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 	 
	 	Page

	1.	 	SECURITY FOR OBLIGATIONS	 	2
	2.	 	DEFINITIONS	 	4
	3.	 	PLEDGE OF SECURITIES, ETC.	 	6
	 	 	3.1	 	Pledge	 	6
	 	 	3.2	 	Procedures	 	9
	 	 	3.3	 	Subsequently Acquired Collateral	 	10
	 	 	3.4	 	Transfer Taxes	 	10
	 	 	3.5	 	Definition of Pledged Notes	 	10
	 	 	3.6	 	Certain Representations and Warranties Regarding the Collateral	 	10
	4.	 	APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC.	 	11
	5.	 	VOTING, ETC., WHILE NO EVENT OF DEFAULT	 	11
	6.	 	DIVIDENDS AND OTHER DISTRIBUTIONS	 	11
	7.	 	REMEDIES IN CASE OF DEFAULT OR EVENT OF DEFAULT	 	12
	8.	 	REMEDIES, ETC., CUMULATIVE	 	13
	9.	 	APPLICATION OF PROCEEDS	 	13
	10.	 	PURCHASERS OF COLLATERAL	 	13
	11.	 	INDEMNITY	 	13
	12.	 	PLEDGEE NOT A PARTNER OR LIMITED LIABILITY COMPANY MEMBER	 	14
	13.	 	FURTHER ASSURANCES; POWER-OF-ATTORNEY	 	14
	14.	 	THE PLEDGEE AS AGENT	 	14
	15.	 	TRANSFER BY THE PLEDGORS	 	15
	16.	 	REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PLEDGORS	 	15
	17.	 	LEGAL NAMES; TYPE OF ORGANIZATION (AND WHETHER A REGISTERED ORGANIZATION AND/OR A TRANSMITTING UTILITY); JURISDICTION OF ORGANIZATION; LOCATION; ORGANIZATIONAL IDENTIFICATION NUMBERS; CHANGES THERETO; ETC.	 	16
	18.	 	PLEDGORS' OBLIGATIONS ABSOLUTE, ETC.	 	17
	19.	 	REGISTRATION, ETC.	 	17
	20.	 	TERMINATION; RELEASE	 	18
	21.	 	NOTICES, ETC.	 	19
	22.	 	WAIVER; AMENDMENT	 	20
	23.	 	MISCELLANEOUS	 	20
	24.	 	RECOURSE	 	20
	25.	 	LIMITED OBLIGATIONS.	 	20
	26.	 	ADDITIONAL PLEDGORS	 	21
	27.	 	ACKNOWLEDGMENT	 	21

	

Annex A	
 	

Schedule of Legal Names, Type of Organization, Jurisdiction of Organization, Location and Organizational Identification Numbers
	Annex B	 	List of Subsidiaries
	Annex C	 	List of Stock
	Annex D	 	List of Notes
	Annex E	 	List of Limited Liability Company Interests
	Annex F	 	List of Partnership Interests
	Annex G	 	Agreement Regarding Uncertificated Securities, Limited Liability Company Interests and Partnership Interests

(i)

 
 

AMENDED AND RESTATED PLEDGE AGREEMENT    
    

        AMENDED AND RESTATED PLEDGE AGREEMENT (as amended, modified or supplemented from time to time, this "Agreement"),
dated as of June 16, 2000 and amended and restated as of June 9, 2003, made by each of the undersigned pledgors (each a "Pledgor" and,
together with any other entity that becomes a pledgor hereunder pursuant to Section 26 hereof, the "Pledgors") to DEUTSCHE BANK TRUST COMPANY
AMERICAS (formerly known as Bankers Trust Company), as Collateral Agent (together with any successor collateral agent, the "Pledgee"), for the benefit
of the Secured Creditors (as defined below), and acknowledged and agreed to by THE BANK OF NEW YORK, as trustee (together with any successor trustee (the "Senior Secured Notes
Trustee") for the benefit of the holders from time to time of the Senior Secured Notes (as defined below). Except as otherwise defined herein, capitalized terms used herein and
defined in the Credit Agreement (as defined below) shall be used herein as therein defined (or, at any time on or after the first date when all Credit Document Obligations (as defined below) shall
have been repaid in full and all Letters of Credit and the Total Commitment under (and as defined in) the Credit Agreement, in each case, have been terminated and thereafter for so long as no Credit
Agreement is in effect, the Credit Agreement as in effect on such date immediately prior to such repayment and termination). 

 
 

W I T N E S S E T H:    
    

        WHEREAS, Dayton Superior Corporation (the "Borrower"), the lenders party from time to time party thereto (the
"Lenders") and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as Administrative Agent (together with any successor
administrative agent, the "Administrative Agent"), have entered into a Credit Agreement, dated as of June 16, 2000 (as amended, modified,
extended, renewed, replaced, restated, supplemented or refinanced from time to time, and including any agreement extending the maturity of, or refinancing or restructuring (including, but not limited
to, the inclusion of additional borrowers or guarantors thereunder or any increase in the amount borrowed thereunder) all or any portion of the indebtedness under such agreement or any successor
agreement, whether or not with the same agent, trustee, representative, lenders, holders, the "Credit Agreement"), providing for the making of Loans to,
and the issuance of Letters of Credit for the account of, the Borrower as contemplated therein (the Lenders, the Administrative Agent, the Letter of Credit Issuers and the Pledgee are herein called
the "Lender Creditors"); 

        WHEREAS,
the Borrower may at any time and from time to time enter into one or more Interest Rate Protection Agreements or Other Hedging Agreements with one or more Lenders or any
affiliate thereof (each such Lender or affiliate, even if the respective Lender subsequently ceases to be a Lender under the Credit Agreement for any reason, together with such Lender's or affiliate's
successors and assigns, if any, collectively, the "Other Creditors"); 

        WHEREAS,
pursuant to Section 9.04(xvi) of the Credit Agreement, the Borrower and/or one or more other Pledgors are permitted in the future to incur up to $15,000,000 in
aggregate principal amount of additional Indebtedness that (x) may be guaranteed by one or more of the Pledgors and (y) to the extent that such additional Indebtedness is a senior
obligation of the Borrower and/or such other Pledgor that ranks pari passu in right of payment with the Credit Document Obligations, secured hereunder
on an equal and ratable basis with all of the Credit Document Obligations and the Other Obligations as hereinafter provided (with any such additional Indebtedness being referred to herein as the
"Additional First Lien Debt" and with any holders of such Additional First Lien Debt from time to time, together with any agent or trustee in respect
thereof, being herein collectively called the "Additional First Lien Creditors" and, together with the Lender Creditors and the Other Creditors, the
"First Lien Creditors"; and with all documentation evidencing any such Additional First Lien Debt and any guarantees thereof being herein called
"Additional First Lien Debt Documents"); 

        WHEREAS,
pursuant to Section 9.04(xvii) of the Credit Agreement, the Borrower, the Pledgors that are Domestic Subsidiaries of the Borrower and the Senior Secured Notes
Trustee have entered into an Indenture, dated as of June 9, 2003 (as amended, modified or supplemented from time to time, the "Senior Secured Note
Indenture"), providing for (i) the issuance by the Borrower of its 103/4% Senior 

 

Second
Secured Notes due September 15, 2008 (together with up to an additional $35,000,000 in aggregate principal amount of senior second secured notes issued thereunder after the date hereof,
collectively, the "Senior Secured Notes") to the holders thereof from time to time (the "Senior Secured
Noteholders" and, together with the Senior Secured Notes Trustee, the "Second Lien Creditors" and, together with the First Lien
Creditors, the "Secured Creditors") and (ii) the guaranty by each Pledgor that is a Domestic Subsidiary of the Borrower of the Borrower's
obligations under the Senior Secured Note Indenture and the Senior Secured Notes (each such guaranty, together with the Senior Secured Note Indenture and the Senior Secured Notes, are herein called
the "Senior Secured Note Documents"); 

        WHEREAS,
pursuant to the Subsidiaries Guaranty, each Subsidiary Guarantor has jointly and severally guaranteed to the Lender Creditors and the Other Creditors the payment when due of all
Guaranteed Obligations as described therein; 

        WHEREAS,
each Pledgor and the Pledgee entered into the Pledge Agreement, dated as of June 16, 2000 (as amended, modified or supplemented through, but not including, the date
hereof, the "Original Pledge Agreement"), in connection with the Credit Agreement; 

        WHEREAS,
it was a condition precedent to the making of Loans to, and the issuance of Letters of Credit for the account of, the Borrower under the Credit Agreement that each Pledgor shall
have executed and delivered to the Pledgee the Original Pledge Agreement; 

        WHEREAS,
it is a condition precedent to the issuance of the Senior Secured Notes by the Borrower under the Senior Secured Note Indenture that each Pledgor shall have executed and
delivered this Agreement; and 

        WHEREAS,
pursuant to the Second Amendment to the Credit Agreement, dated as of May 20, 2003, the Lender Creditors have authorized the Collateral Agent to enter into an amendment
and restatement of the Original Pledge Agreement in the form of this Agreement to, inter alia, also secure the obligations in respect of the Additional
First Lien Debt Documents and the Senior Secured Note Documents on the terms and conditions set forth herein and in the Security Agreement; 

        NOW,
THEREFORE, the parties hereto agree that the Original Pledge Agreement shall be and hereby is amended and restated in its entirety as follows: 

        1.     SECURITY FOR OBLIGATIONS.    This Agreement is made by each Pledgor for the benefit of the Secured Creditors to
secure: 

          (i)  the
full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations, indebtedness and liabilities (including, without
limitation, indemnities, fees and interest thereon (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy,
insolvency, reorganization or similar proceeding of any Pledgor at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in
any such case, proceeding or other action)) of each Pledgor to the Lender Creditors, whether now existing or hereafter incurred under, arising out of, or in connection with the Credit Agreement and
the other Credit Documents to which such Pledgor is a party (including, in the case of each Pledgor which is a Subsidiary Guarantor, all such obligations, indebtedness and liabilities of such Pledgor
under the Subsidiaries Guaranty) and the due performance and compliance by such Pledgor with all of the terms, conditions and agreements contained in the Credit Agreement and in such other Credit
Documents (all such obligations, indebtedness and liabilities under this clause (i), except to the extent consisting of obligations, indebtedness or liabilities with respect to Interest Rate
Protection Agreements or Other Hedging Agreements, being herein collectively called the "Credit Document Obligations"); 

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         (ii)  the
full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations, indebtedness and liabilities (including, without
limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of any Pledgor at the
rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in any such case, proceeding or other action) owing by such Pledgor to the
Other Creditors under, or with respect to (including, in the case of each Pledgor which is a Subsidiary Guarantor, by reason of the Subsidiaries Guaranty), any Interest Rate Protection Agreement or
Other Hedging Agreement, whether such Interest Rate Protection Agreement or Other Hedging Agreement is now in existence or hereafter arising, and the due performance and compliance by such Pledgor
with all of the terms, conditions and agreements contained therein (all such obligations, indebtedness and liabilities described in this clause (ii) being herein collectively called the
"Other Obligations"); 

        (iii)  the
full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations, liabilities and indebtedness (including,
without limitation, indemnities, fees and interest thereon (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the
bankruptcy, insolvency, reorganization or similar proceeding of any Pledgor at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is
allowed in any such case, proceeding or other action)) owing by such Pledgor to the Additional First Lien Creditors under, or with respect to, the Additional First Lien Debt Documents (all such
obligations, liabilities and indebtedness under this clause (iii) being herein collectively called the "Additional First Lien Debt Obligations"); 

        (iv)  the
full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations, liabilities and indebtedness (including, without
limitation, indemnities, fees and interest thereon (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy,
insolvency, reorganization or similar proceeding of any Pledgor at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in
any such case, proceeding or other action)) of such Pledgor owing to the Second Lien Creditors, whether now existing or hereafter incurred under, arising out of, or in connection with the Senior
Secured Notes and the other Senior Secured Note Documents to which such Pledgor is a party (including all such obligations, indebtedness and liabilities of such Pledgor under any guaranty constituting
a Senior Secured Note Document) and the due performance and compliance by such Pledgor with all of the terms, conditions and agreements contained in the Senior Secured Notes and in such other Senior
Secured Note Documents (all such obligations, liabilities and indebtedness under this clause (iv) being herein collectively called the "Second Lien
Obligations"); 

         (v)  any
and all sums advanced by the Pledgee in order to preserve the Collateral (as hereinafter defined) or preserve its security interest in the Collateral; 

        (vi)  in
the event of any proceeding for the collection or enforcement of any indebtedness, obligations, or liabilities of such Pledgor referred to in clauses
(i) through (iv) above, after an Event of Default shall have occurred and be continuing, the reasonable expenses of retaking, holding, preparing for sale or lease, selling or otherwise
disposing of or realizing on the Collateral, or of any exercise by the Pledgee of its rights hereunder, together with reasonable attorneys' fees and court costs; and 

       (vii)  all
amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement under Section 11 of this Agreement; 

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all
such obligations, liabilities, sums and expenses set forth in clauses (i) through (vii) of this Section 1 being herein collectively called the
"Obligations," it being acknowledged and agreed that the "Obligations" shall include extensions of credit of the types described above, whether
outstanding on the date of this Agreement or extended from time to time after the date of this Agreement. 

        2.     DEFINITIONS.    (a) Unless otherwise defined herein, all capitalized terms used herein and defined in
the Credit Agreement shall be used herein as therein defined. Reference to singular terms shall include the plural and vice versa. 

        (b)   The
following capitalized terms used herein shall have the definitions specified below: 

        "Additional First Lien Creditors" has the meaning provided in the Recitals hereto. 

        "Additional First Lien Debt" has the meaning provided in the Recitals hereto. 

        "Additional First Lien Debt Documents" has the meaning provided in the Recitals hereto. 

        "Additional First Lien Debt Obligations" has the meaning provided in Section 1 hereof. 

        "Administrative Agent" has the meaning set forth in the Recitals hereto. 

        "Adverse Claim" has the meaning given such term in Section 8-102(a)(1) of the UCC. 

        "Agreement" has the meaning set forth in the first paragraph hereof. 

        "Certificated Security" has the meaning given such term in Section 8-102(a)(4) of the UCC. 

        "Clearing Corporation" has the meaning given such term in Section 8-102(a)(5) of the UCC. 

        "Collateral" has the meaning set forth in Section 3.1 hereof. 

        "Collateral Accounts" means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral
may be credited. 

        "Credit Agreement" has the meaning set forth in the Recitals hereto. 

        "Credit Document Obligations" has the meaning set forth in Section 1 hereof. 

        "Domestic Corporation" has the meaning set forth in the definition of "Stock." 

        "Event of Default" shall mean any Event of Default (or similar term) under, and as defined in, the Credit Agreement, any Interest Rate
Protection Agreement or Other Hedging Agreement entered into with an Other Creditor or in any Additional First Lien Debt Document and shall in any event include, without limitation, (i) any
payment default under the Credit Agreement, any Interest Rate Protection Agreement, any Other Hedging Agreement, any Additional First Lien Debt Document or any Senior Secured Note Document after the
expiration of any applicable grace period and (ii) at any time after the First Lien Obligations have been paid in full, all Commitments and Letters of Credit under the Credit Agreement have
been terminated and all commitments under the Additional First Lien Debt Documents have been terminated, any "Event of Default" (or similar term) under, and as defined in, the Senior Secured Note
Indenture. 

        "Financial Asset" has the meaning given such term in Section 8-102(a)(9) of the UCC. 

        "First Lien Creditors" has the meaning provided in the Recitals hereto. 

        "First Lien Obligations" shall mean all Credit Document Obligations, all Other Obligations and all Additional First Lien Debt Obligations. 

        "Foreign Corporation" has the meaning set forth in the definition of "Stock." 

        "Indemnitees" has the meaning set forth in Section 11 hereof. 

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        "Instrument" has the meaning given such term in Section 9-102(a)(47) of the UCC. 

        "Investment Property" has the meaning given such term in Section 9-102(a)(49) of the UCC. 

        "Lender Creditors" has the meaning provided in the Recitals hereto. 

        "Lenders" has the meaning provided in the Recitals hereto. 

        "Limited Liability Company Assets" means all assets, whether tangible or intangible and whether real, personal or mixed (including,
without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest. 

        "Limited Liability Company Interests" means the entire limited liability company membership interest at any time owned by any Pledgor in
any limited liability company. 

        "Location" of any Assignor, shall mean such Assignor's "location" as determined pursuant to Section 9-307 of the UCC. 

        "Non-Voting Stock" means all capital stock which is not Voting Stock. 

        "Notes" means (x) all Intercompany Notes at any time issued to each Pledgor and (y) all other promissory notes from time to
time issued to, or held by, each Pledgor. 

        "Obligations" has the meaning set forth in Section 1 hereof. 

        "Original Pledge Agreement" has the meaning provided in the Recitals hereto. 

        "Other Creditors" has the meaning provided in the Recitals hereto. 

        "Other Obligations" has the meaning set forth in Section 1 hereof. 

        "Partnership Assets" means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation,
all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest. 

        "Partnership Interest" means the entire general partnership interest or limited partnership interest at any time owned by any Pledgor in
any general partnership or limited partnership. 

        "Permitted Liens" shall mean those Liens that are permitted under each of the Secured Debt Agreements to encumber the Collateral. 

        "Pledged Notes" has the meaning set forth in Section 3.5 hereof. 

        "Pledgee" has the meaning set forth in the first paragraph hereof. 

        "Pledgor" has the meaning set forth in the first paragraph hereof. 

        "Proceeds" has the meaning given such term in Section 9-102(a)(64) of the UCC. 

        "Registered Organization" has the meaning given such term in Section 9-102(a)(70) of the UCC. 

        "Required Lenders" has the meaning given such term in the Credit Agreement. 

        "Required Secured Creditors" has the meaning given such term in the Security Agreement. 

        "Second Lien Creditors" has the meaning provided in the Recitals hereto. 

        "Second Lien Excluded Collateral" has the meaning set forth in the Security Agreement. 

        "Second Lien Obligations" has the meaning provided in Section 1 hereof. 

        "Secured Creditors" has the meaning provided in the Recitals hereto. 

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        "Secured Debt Agreements" has the meaning set forth in Section 5 hereof. 

        "Securities Account" has the meaning given such term in Section 8-501(a) of the UCC. 

        "Securities Act" means the Securities Act of 1933, as amended, as in effect from time to time. 

        "Securities Intermediary" has the meaning given such term in Section 8-102(14) of the UCC. 

        "Security" and "Securities" has the meaning given such term in
Section 8-102(a)(15) of the UCC and shall in any event include all Stock and Notes. 

        "Security Agreement" means the Amended and Restated Security Agreement, dated as of June 16, 2000 and amended and restated as of
June 9, 2003, by and among the Pledgee, the Pledgors and the Senior Secured Notes Trustee, as same may be modified, supplemented, amended and restated or replaced from time to time in
accordance with the terms thereof. 

        "Security Documents" shall mean, collectively, all of the Security Documents (as defined in the Credit Agreement) and including this
Agreement, the Security Agreement, each Additional Security Document and all other security agreements, pledges, collateral assignments, mortgages or other instruments evidencing or creating any Lien
or other security interest in favor of the Collateral Agent, for the benefit of the Secured Creditors, in all or any portion of the Collateral (or any collateral under such other Security Documents),
in each case as amended, amended and restated, supplemented, replaced or otherwise modified from time to time in accordance with the terms hereof and thereof. 

        "Security Entitlement" has the meaning given such term in Section 8-102(a)(17) of the UCC. 

        "Senior Secured Note Documents" has the meaning provided in the Recitals hereto. 

        "Senior Secured Note Indenture" has the meaning provided in the Recitals hereto. 

        "Senior Secured Noteholders" has the meaning provided in the Recitals hereto. 

        "Senior Secured Notes" has the meaning provided in the Recitals hereto. 

        "Senior Secured Notes Trustee" has the meaning set forth in the first paragraph hereof. 

        "Stock" means (x) with respect to corporations incorporated under the laws of the United States or any State or territory thereof
(each a "Domestic Corporation"), all of the issued and outstanding shares of capital stock of any corporation at any time owned by any Pledgor of any
Domestic Corporation and (y) with respect to corporations not Domestic Corporations (each a "Foreign Corporation"), all of the issued and
outstanding shares of capital stock at any time owned by any Pledgor of any Foreign Corporation. 

        "Termination Date" has the meaning set forth in Section 20 hereof. 

        "Transmitting Utility" has the meaning given such term in Section 9-102(a)(80) of the UCC. 

        "UCC" means the Uniform Commercial Code as in effect in the State of New York from time to time;  provided that all references herein to specific sections or subsections
of the UCC are references to such sections or subsections, as the case may be,
of the Uniform Commercial Code as in effect in the State of New York on the date hereof. 

        "Uncertificated Security" has the meaning given such term in Section 8-102(a)(18) of the UCC. 

        "Voting Stock" means all classes of capital stock of any Foreign Corporation entitled to vote. 

        3.     PLEDGE OF SECURITIES, ETC.

        3.1    Pledge.    To secure the Obligations now or hereafter owed or to be performed by each Pledgor, each Pledgor
does hereby create, grant, pledge and assign to the Pledgee for the benefit of the Secured Creditors and does hereby create (and, to the extent the following constitutes "Collateral" 

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under,
and as defined in, the Original Pledge Agreement, does hereby reconfirm (without interruption) its creation, grant, pledge and assignment to the Pledgee under the Original Pledge Agreement of)
a continuing security interest in favor of the Pledgee for the benefit of the Secured Creditors in, all of the right, title and interest in and to the following, whether now existing or hereafter from
time to time acquired (collectively, the "Collateral") (it being understood and agreed that (x) the security interest granted herein
(i) for the benefit of the First Lien Creditors shall be senior in priority in all respects to the security interest granted herein for the benefit of the Second Lien Creditors and
(ii) for the benefit of the Second Lien Creditors shall be subject and subordinated in all respects to the security interest granted herein for the benefit of the First Lien Creditors and
(y) the Secured Lien Creditors' claims against the Pledgors in respect of the Collateral constitute second priority claims separate and apart (and of a different class) from the First Lien
Creditors' senior claims against the Pledgors in respect of the Collateral): 

        (a)   each
of the Collateral Accounts, including any and all assets of whatever type or kind deposited by such Pledgor in such Collateral Account, whether now owned or
hereafter acquired, existing or arising, including, without limitation, all Financial Assets, Investment Property, moneys, checks, drafts, Instruments, Securities or interests therein of any type or
nature deposited or required by the Credit Agreement or any other Secured Debt Agreement to be deposited in such Collateral Account, and all
investments and all certificates and other Instruments (including depository receipts, if any) from time to time representing or evidencing the same, and all dividends, interest, distributions, cash
and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing; 

        (b)   all
Securities owned by such Pledgor from time to time and all options and warrants owned by such Pledgor from time to time to purchase Securities; 

        (c)   all
Limited Liability Company Interests owned by such Pledgor from time to time and all of its right, title and interest in each limited liability company to which each
such interest relates, whether now existing or hereafter acquired, including, without limitation: 

        (A)  all
the capital thereof and its interest in all profits, losses, Limited Liability Company Assets and other distributions to which such Pledgor shall at any time be
entitled in respect of such Limited Liability Company Interests; 

        (B)  all
other payments due or to become due to such Pledgor in respect of Limited Liability Company Interests, whether under any limited liability company agreement or
otherwise, whether as contractual obligations, damages, insurance proceeds or otherwise; 

        (C)  all
of its claims, rights, powers, privileges, authority, options, security interests, liens and remedies, if any, under any limited liability company agreement or
operating agreement, or at law or otherwise in respect of such Limited Liability Company Interests; 

        (D)  all
present and future claims, if any, of such Pledgor against any such limited liability company for moneys loaned or advanced, for services rendered or otherwise; 

        (E)  all
of such Pledgor's rights under any limited liability company agreement or operating agreement or at law to exercise and enforce every right, power, remedy,
authority, option and privilege of such Pledgor relating to such Limited Liability Company Interests, including any power to terminate, cancel or modify any limited liability company agreement or
operating agreement, to execute any instruments and to take any and all other action on behalf of and in the name of any of such Pledgor in respect of such Limited Liability Company Interests and any
such limited liability company, to make determinations, to exercise any election (including, but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment,
waiver or approval, together with full power and authority to demand, receive, enforce, collect or receipt for any of the foregoing or for any 

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Limited
Liability Company Asset, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in connection with any of the foregoing; and 

        (F)  all
other property hereafter delivered in substitution for or in addition to any of the foregoing, all certificates and instruments representing or evidencing such other
property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all thereof; 

        (d)   all
Partnership Interests owned by such Pledgor from time to time and all of its right, title and interest in each partnership to which each such interest relates,
whether now existing or hereafter acquired, including, without limitation: 

        (A)  all
the capital thereof and its interest in all profits, losses, Partnership Assets and other distributions to which such Pledgor shall at any time be entitled in
respect of such Partnership Interests; 

        (B)  all
other payments due or to become due to such Pledgor in respect of Partnership Interests, whether under any partnership agreement or otherwise, whether as contractual
obligations, damages, insurance proceeds or otherwise; 

        (C)  all
of its claims, rights, powers, privileges, authority, options, security interests, liens and remedies, if any, under any partnership agreement or operating
agreement, or at law or otherwise in respect of such Partnership Interests; 

        (D)  all
present and future claims, if any, of such Pledgor against any such partnership for moneys loaned or advanced, for services rendered or otherwise; 

        (E)  all
of such Pledgor's rights under any partnership agreement or operating agreement or at law to exercise and enforce every right, power, remedy, authority, option and
privilege of such Pledgor relating to such Partnership Interests, including any power to terminate, cancel or modify any partnership agreement or operating agreement, to execute any instruments and to
take any and all other action on behalf of and in the name of any of such Pledgor in respect of such Partnership Interests and any such partnership, to make determinations, to exercise any election
(including, but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment, waiver or approval, together with full power and authority to demand, receive,
enforce, collect or receipt for any of the foregoing or for any Partnership Asset, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in
connection with any of the foregoing (with all of the foregoing rights only to be exercisable upon the occurrence and during the continuation of an Event of Default); and 

        (F)  all
other property hereafter delivered in substitution for or in addition to any of the foregoing, all certificates and instruments representing or evidencing such other
property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all thereof; 

        (e)   all
Security Entitlements of such Pledgor from time to time in any and all of the foregoing; 

        (f)    all
Financial Assets and Investment Property owned by such Pledgor from time to time; and 

        (g)   all
Proceeds of any and all of the foregoing. 

8

   
        Notwithstanding anything to the contrary contained in this Section 3.1, (x) except as otherwise provided in Section 8.12 of the Credit Agreement, no Pledgor (to the
extent that it is the Borrower or a Domestic Subsidiary of the Borrower) shall be required at any time to pledge hereunder more than 65% of the Voting Stock of any Foreign Corporation, (y) each
Pledgor shall be required to pledge hereunder 100% of any Non-Voting Stock at any time and from time to time acquired by such Pledgor of any Foreign Corporation and (z) (I) the
Second Lien Creditors shall not have a security interest in, and the grant of security interests pursuant to this Section 3.1 for the benefit of the Second Lien Creditors shall not extend to,
any Second Lien Excluded Collateral, and (II) with respect to the Second Lien Creditors, the term "Collateral" shall not include the Second Lien Excluded Collateral. 

        3.2    Procedures.    (a) To the extent that any Pledgor at any time or from time to time owns, acquires or
obtains any right, title or interest in any Collateral, such Collateral shall automatically (and without the taking of any action by the respective Pledgor) be pledged pursuant to Section 3.1
of this Agreement and, in addition thereto, such Pledgor shall (to the extent provided below) take the following actions as set forth below (as promptly as practicable and, in any event, within
10 days after it obtains such Collateral) for the benefit of the Pledgee and the Secured Creditors: 

          (i)  with
respect to a Certificated Security (other than a Certificated Security credited on the books of a Clearing Corporation or Securities Intermediary), the respective
Pledgor shall physically deliver such Certificated Security to the Pledgee, indorsed to the Pledgee or indorsed in blank; 

         (ii)  with
respect to an Uncertificated Security (other than an Uncertificated Security credited on the books of a Clearing Corporation or Securities Intermediary), the
respective Pledgor shall cause the issuer of such Uncertificated Security to duly authorize and execute, and deliver to the Pledgee, an agreement for the benefit of the Pledgee and the Secured
Creditors substantially in the form of Annex G hereto (appropriately completed to the satisfaction of the Pledgee and with such modifications, if any, as shall be satisfactory to the Pledgee)
pursuant to which such issuer agrees to comply with any and all instructions originated by the Pledgee without further consent by the registered owner and not to comply with instructions regarding
such Uncertificated Security (and any Partnership Interests and Limited Liability Company Interests issued by such issuer) originated by any other Person other than a court of competent jurisdiction; 

        (iii)  with
respect to a Certificated Security, Uncertificated Security, Partnership Interest or Limited Liability Company Interest credited on the books of a Clearing
Corporation or Securities Intermediary (including a Federal Reserve Bank, Participants Trust Company or The Depository Trust Company), the respective Pledgor shall promptly notify the Pledgee thereof
and shall promptly take all actions required (i) to comply with the applicable rules of such Clearing Corporation or Securities Intermediary
and (ii) to perfect the security interest of the Pledgee under applicable law (including, in any event, under Sections 9-314(a)(b) and (c) and (b), 9-106 and
8-106(d) of the UCC). The Pledgor further agrees to take such actions as the Pledgee deems necessary or desirable to effect the foregoing; 

        (iv)  with
respect to a Partnership Interest or a Limited Liability Company Interest (other than a Partnership Interest or Limited Liability Interest credited on the books of
a Clearing Corporation or Securities Intermediary), (1) if such Partnership Interest or Limited Liability Company Interest is represented by a certificate and is a Security for purpose of the
UCC, the procedure set forth in Section 3.2(a)(i) hereof, and (2) if such Partnership Interest or Limited Liability Company Interest is not represented by a certificate or is not a
Security for purposes of the UCC, the procedure set forth in Section 3.2(a)(ii) hereof; 

         (v)  with
respect to any Note, physical delivery of such Note to the Pledgee, indorsed to the Pledgee or indorsed in blank; and 

9

 

        (vi)  with
respect to cash, (i) establishment by the Pledgee of a cash account in the name of such Pledgor over which the Pledgee shall have exclusive and absolute
"control" within the meaning of the UCC (and no withdrawals or transfers may be made therefrom by any Person except with the prior written consent of the Pledgee) and (ii) deposit of such cash
in such cash account. 

        (b)   In
addition to the actions required to be taken pursuant to proceeding Section 3.2(a) hereof, each Pledgor shall take the following additional actions with
respect to the Securities and Collateral (as defined below): 

          (i)  with
respect to all Collateral of such Pledgor with respect to which the Pledgee may obtain "control" thereof within the meaning of Section 8-106 of
the UCC (or under any provision of the UCC as same may be amended or supplemented from time to time, or under the laws of any relevant State other than the State of New York), the respective Pledgor
shall take all actions as may be requested from time to time by the Pledgee so that "control" of such Collateral is obtained and at all times held by the Pledgee; and 

         (ii)  each
Pledgor shall from time to time cause appropriate financing statements (on Form UCC-1 or other appropriate form) under the Uniform Commercial Code as
in effect in the various relevant States, in form covering all Collateral hereunder (with the form of such financing statements to be satisfactory to the Pledgee), to be filed in the relevant filing
offices so that at all times the Pledgee has a security interest in all Investment Property and other Collateral which may be
perfected by the filing of such financing statements to the maximum extent perfection by filing may be obtained under the laws of the relevant States, including, without limitation,
Section 9-312(a) of the UCC. 

        3.3    Subsequently Acquired Collateral.    If any Pledgor shall acquire (by purchase, stock dividend or otherwise)
any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the
pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the Pledgor will promptly thereafter take (or cause to be taken) all action with respect to such
Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a principal executive
officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and
(ii) supplements to Annexes A through F hereto as are necessary to cause such annexes to be complete and accurate at such time. Without limiting the foregoing, each Pledgor shall be required to
pledge hereunder any shares of stock at any time and from time to time after the date hereof acquired by such Pledgor of any Foreign Corporation, provided that (x) except as provided in
Section 8.12 of the Credit Agreement, no Pledgor (to the extent that it is the Borrower or a Domestic Subsidiary of the Borrower) shall be required at any time to pledge hereunder more than 65%
of the Voting Stock of any Foreign Corporation and (y) each Pledgor shall be required to pledge hereunder 100% of any Non-Voting Stock at any time and from time to time acquired by
such Pledgor of any Foreign Corporation. 

        3.4    Transfer Taxes.    Each pledge of Collateral under Section 3.1 or Section 3.3 hereof shall be
accompanied by any transfer tax stamps required in connection with the pledge of such Collateral. 

        3.5    Definition of Pledged Notes.    All Notes at any time pledged or required to be pledged hereunder are
hereinafter called the "Pledged Notes." 

        3.6    Certain Representations and Warranties Regarding the Collateral.    Each Pledgor represents and warrants that
on the date hereof (i) each Subsidiary of such Pledgor, and the direct ownership thereof, is listed in Annex B hereto; (ii) the Stock held by such Pledgor consists of the number and type
of shares of the stock of the corporations as described in Annex C hereto; (iii) such Stock constitutes that 

10

 

percentage
of the issued and outstanding capital stock of the issuing corporation as is set forth in Annex C hereto; (iv) the Notes held by such Pledgor consist of the promissory notes
described in Annex D hereto where such Pledgor is listed as the lender; (v) the Limited Liability Company Interests held by such Pledgor consist of the number and type of interests of
the Persons described in Annex E hereto; (vi) each such Limited Liability Company Interest constitutes that percentage of the issued and outstanding equity interest of the issuing Person
as set forth in Annex E hereto; (vii) the Partnership Interests held by such Pledgor consist of the number and type of interests of the Persons described in Annex F hereto; (viii) each
such Partnership Interest constitutes that percentage or portion of the entire partnership interest of the Partnership as set forth in Annex F hereto; (ix) the Pledgor has complied with the
respective procedure set forth in Section 3.2(a) hereof with respect to each item of Collateral described in Annexes B through F hereto; and (x) on the date hereof, such Pledgor
owns no other Securities, Limited Liability Company Interests or Partnership Interests. 

        4.    APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC.    If and to the extent necessary to enable the
Pledgee to perfect its security interest in any of the Collateral or to exercise any of its remedies hereunder, the Pledgee shall have the right to appoint one or more sub-agents for the
purpose of retaining physical possession of the Collateral, which may be held (in the discretion of the Pledgee) in the name of the relevant Pledgor, endorsed or assigned in blank or in favor of the
Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee. 

        5.    VOTING, ETC., WHILE NO EVENT OF DEFAULT.    Unless and until there shall have occurred and be continuing an
Event of Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in
respect thereof; provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be
taken which would violate or be inconsistent with any of the terms of this Agreement, the Credit Agreement, any other Credit Document, any Interest Rate Protection Agreement or Other Hedging Agreement
entered into with an Other Creditor, any Additional First Lien Debt Document or any Senior Secured Note Document (collectively, the "Secured Debt
Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any other Secured
Creditor in the Collateral. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and
Section 7 hereof shall become applicable. 

        6.    DIVIDENDS AND OTHER DISTRIBUTIONS.    Unless and until there shall have occurred and be continuing an Event of
Default, all cash dividends, cash distributions, cash Proceeds and other cash
amounts payable in respect of the Collateral shall be paid to the respective Pledgor. The Pledgee shall be entitled to receive directly, and to retain as part of the Collateral: 

          (i)  all
other or additional stock, notes, limited liability company interests, partnership interests, instruments or other securities or property (including, but not
limited to, cash dividends other than as set forth above) paid or distributed by way of dividend or otherwise in respect of the Collateral; 

         (ii)  all
other or additional stock, notes, limited liability company interests, partnership interests, instruments or other securities or property (including, but not
limited to, cash) paid or distributed in respect of the Collateral by way of stock-split, spin-off, split-up, reclassification, combination of shares or similar rearrangement;
and 

        (iii)  all
other or additional stock, notes, limited liability company interests, partnership interests, instruments or other securities or property (including, but not
limited to, cash) which may be paid in respect of the Collateral by reason of any consolidation, merger, exchange of stock, conveyance of assets, liquidation or similar corporate reorganization. 

11

 

        Nothing
contained in this Section 6 shall limit or restrict in any way the Pledgee's right to receive proceeds of the Collateral in any form in accordance with Section 3 of
this Agreement. All dividends, distributions or other payments which are received by any Pledgor contrary to the provisions of this Section 6 and Section 7 hereof shall be received in
trust for the benefit of the Pledgee, shall be segregated from other property or funds of such Pledgor and shall be forthwith paid over to the Pledgee as Collateral in the same form as so received
(with any necessary endorsement). 

        7.    REMEDIES IN CASE OF DEFAULT OR EVENT OF DEFAULT.    If there shall have occurred and be continuing an Event of
Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by
law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform
Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially
reasonable: 

          (i)  to
receive all amounts payable in respect of the Collateral otherwise payable under Section 6 hereof to the respective Pledgor; 

         (ii)  to
transfer all or any part of the Collateral into the Pledgee's name or the name of its nominee or nominees; 

        (iii)  to
accelerate any Pledged Note which may be accelerated in accordance with its terms, and take any other lawful action to collect upon any Pledged Note (including,
without limitation, to make any demand for payment thereon); 

        (iv)  to
vote all or any part of the Collateral (whether or not transferred into the name of the Pledgee) and give all consents, waivers and ratifications in respect of the
Collateral and otherwise act with respect thereto as though it were the outright owner thereof (each Pledgor hereby irrevocably constituting and appointing the Pledgee the proxy and
attorney-in-fact of such Pledgor, with full power of substitution to do so); 

         (v)  at
any time and from time to time to sell, assign and deliver, or grant options to purchase, all or any part of the Collateral, or any interest therein, at any public or
private sale, without demand of performance, advertisement or notice of intention to sell or of the time or place of sale or adjournment thereof or to redeem or otherwise (all of which are hereby
waived by each Pledgor), for cash, on credit or for other property, for immediate or future delivery without any assumption of credit risk, and for such price or prices and on such terms as the
Pledgee in its absolute discretion may determine, provided that at least 10 days' written notice of the time and place of any such sale shall be
given to the respective Pledgor. The Pledgee shall not be obligated to make any such sale of Collateral regardless of whether any such notice of sale has theretofore been given. Each Pledgor hereby
waives and releases to the fullest extent permitted by law any right or equity of redemption with respect to the Collateral, whether before or after sale hereunder, and all rights, if any, of
marshalling the Collateral and any other security for the Obligations or otherwise. At any such sale, unless prohibited by applicable law, the Pledgee on behalf of the Secured Creditors may bid for
and purchase all or any part of the Collateral so sold free from any such right or equity of redemption. Neither the Pledgee nor any other Secured Creditor shall be liable for failure to collect or
realize upon any or all of the Collateral or for any delay in so doing nor shall any of them be under any obligation to take any action whatsoever with regard thereto; and 

        (vi)  to
set-off any and all Collateral against any and all Obligations, and to withdraw any and all cash or other Collateral from any and all Collateral Accounts
and to apply such cash and other Collateral to the payment of any and all Obligations. 

12

 

        8.    REMEDIES, ETC., CUMULATIVE.    Each and every right, power and remedy of the Pledgee provided for in this
Agreement or in any other Secured Debt Agreement, or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and shall be in addition to every other such
right, power or remedy. The exercise or beginning of the exercise by the Pledgee or any other Secured Creditor of any one or more of the rights, powers or remedies provided for in this Agreement or
any other Secured Debt Agreement or now or hereafter existing at law or in equity or by statute or otherwise shall not preclude the simultaneous or later exercise by the Pledgee or any other Secured
Creditor of all such other rights, powers or remedies, and no failure or delay on the part of the Pledgee or any other Secured Creditor to exercise any such right, power or remedy shall operate as a
waiver thereof. No notice to or demand on any Pledgor in any case shall entitle it to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the
rights of the Pledgee or any other Secured Creditor to any other or further action in any circumstances without notice or demand. By accepting the benefits of this Agreement and each other Security
Document, the Secured Creditors expressly acknowledge and agree that this Agreement and each other Security Document may be enforced only by the action of the Pledgee, acting upon the instructions of
the Secured Creditors, and that no other Secured Creditor shall have any right individually to seek to enforce or to enforce this Agreement or any other Security Document or to realize upon the
security to be granted hereby or thereby. 

        9.    APPLICATION OF PROCEEDS.    (a) All monies collected by the Pledgee upon any sale or other disposition of
the Collateral pursuant to the terms of this Agreement (which for the avoidance of doubt, also shall include, without limitation, any payment or distribution of Collateral of any Pledgor upon any
total or partial liquidation, dissolution, winding-up, reorganization, assignment for the benefit of creditors or marshalling of assets of any Pledgor in a bankruptcy, reorganization,
insolvency, receivership or other similar proceeding relating to any Pledgor or its assets, whether voluntary or involuntary), together with all other monies received by the Pledgee hereunder, shall
be applied in the manner provided in the Security Agreement. 

        (b)   It
is understood and agreed that the Pledgors shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds of the
Collateral hereunder and the aggregate amount of the Obligations. 

        10.    PURCHASERS OF COLLATERAL.    Upon any sale of the Collateral by the Pledgee hereunder (whether by virtue of the
power of sale herein granted, pursuant to judicial process or otherwise), the receipt of the Pledgee or the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of
the Collateral so sold, and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Pledgee or such officer or be answerable in
any way for the misapplication or nonapplication thereof. 

        11.    INDEMNITY.    Each Pledgor jointly and severally agrees (i) to indemnify and hold harmless the Pledgee
in such capacity and each other Secured Creditor that is an indemnitor under Section 6 of Annex L to the Security Agreement and their respective successors, assigns, employees, officers,
directors, affiliates, agents and servants (individually an "Indemnitee," and collectively the
"Indemnitees") from and against any and all claims, demands, losses, judgments and liabilities (including liabilities for penalties) of whatsoever kind
or nature, and (ii) to reimburse each Indemnitee for all costs and expenses, including reasonable attorneys' fees, in each case growing out of or resulting from this Agreement or the exercise
by any Indemnitee of any right or remedy granted to it hereunder or under any other Secured Debt Agreement (but excluding any claims, demands, losses, judgments and liabilities or expenses to the
extent incurred by reason of gross negligence or willful misconduct of such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable decision)). In no
event shall the Pledgee be liable, in the absence of gross negligence or willful misconduct on its part, for any matter or thing in connection with this Agreement other than to account for monies
actually received by it in accordance with the terms hereof. If and to the extent that 

13

 

the
obligations of any Pledgor under this Section 11 are unenforceable for any reason, such Pledgor hereby agrees to make the maximum contribution to the payment and satisfaction of such
obligations which is permissible under applicable law. 

        12.    PLEDGEE NOT A PARTNER OR LIMITED LIABILITY COMPANY MEMBER.    (a) Nothing herein shall be construed to
make the Pledgee or any other Secured Creditor liable as a member of any limited liability company or as a partner of any partnership and neither the Pledgee nor any other Secured Creditor by virtue
of this Agreement or otherwise (except as referred to in the following sentence) shall have any of the duties, obligations or liabilities of a member of any limited liability company or partnership.
The parties hereto expressly agree that, unless the Pledgee shall become the absolute owner of Collateral consisting of a Limited Liability Company Interest or Partnership Interest pursuant hereto,
this Agreement shall not be construed as creating a partnership or joint venture among the Pledgee, any other Secured Creditor and/or any Pledgor. 

        (b)   Except
as provided in the last sentence of paragraph (a) of this Section 12, the Pledgee, by accepting this Agreement, did not intend to become a member of
any limited liability company or a partner of any partnership or otherwise be deemed to be a co-venturer with respect to any Pledgor or any limited liability company or partnership either
before or after an Event of Default shall have occurred. The Pledgee shall have only those powers set forth herein and the Secured Creditors shall assume none of the duties, obligations or liabilities
of a member of any limited liability company or as a partner of any partnership or any Pledgor except as provided in the last sentence of paragraph (a) of this Section 12. 

        (c)   The
Pledgee and the other Secured Creditors shall not be obligated to perform or discharge any obligation of any Pledgor as a result of the pledge hereby effected. 

        (d)   The
acceptance by the Pledgee of this Agreement, with all the rights, powers, privileges and authority so created, shall not at any time or in any event obligate the
Pledgee or any other Secured Creditor to appear in or defend any action or proceeding relating to the Collateral to which it is not a party, or to take any action hereunder or thereunder, or to expend
any money or incur any expenses or perform or discharge any obligation, duty or liability under the Collateral. 

        13.    FURTHER ASSURANCES; POWER-OF-ATTORNEY.    (a) Each Pledgor agrees that it will
join with the Pledgee in executing and, at such Pledgor's own expense, file and refile under the Uniform Commercial Code or other applicable law such financing statements, continuation statements and
other documents in such offices as the Pledgee may deem necessary and wherever required by law in order to perfect and preserve the Pledgee's security interest in the Collateral and hereby authorizes
the Pledgee to file financing statements and amendments thereto relative to all or any part of the Collateral including, without limitation, (x) financing statements which list the collateral
specifically and/or as "all assets" and (y) "in lieu of" financing statements) without the signature of such Pledgor where permitted by law, and agrees to do such further acts and things and to
execute and deliver to the Pledgee such additional conveyances, assignments, agreements and instruments as the Pledgee may reasonably require or deem necessary to carry into effect the purposes of
this Agreement or to further assure and confirm unto the Pledgee its rights, powers and remedies hereunder. 

        (b)   Each
Pledgor hereby appoints the Pledgee such Pledgor's attorney-in-fact, with full authority in the place and stead of such Pledgor and in the
name of such Pledgor or otherwise, to act from time to time solely after the occurrence and during the continuance of an Event of Default in the Pledgee's reasonable discretion to take any action and
to execute any instrument which the Pledgee may deem necessary or advisable to accomplish the purposes of this Agreement. 

        14.    THE PLEDGEE AS AGENT.    The Pledgee will hold in accordance with this Agreement all items of the Collateral at
any time received under this Agreement. It is expressly understood and agreed by each Secured Creditor that by accepting the benefits of this Agreement each such Secured Creditor acknowledges and
agrees that the obligations of the Pledgee as holder of the Collateral and 

14

 

interests
therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement Annex L to the Security Agreement. The Pledgee
shall act hereunder on the terms and conditions set forth herein and in Annex L to the Security Agreement. 

        15.    TRANSFER BY THE PLEDGORS.    No Pledgor will sell or otherwise dispose of, grant any option with respect to, or
mortgage, pledge or otherwise encumber any of the Collateral or any interest therein (except as may be permitted in accordance with the terms of the Credit Agreement). 

        16.    REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PLEDGORS.    (a) Each Pledgor represents, warrants and
covenants that: 

          (i)  it
is the legal, beneficial and record owner of, and has good and marketable title to, all Collateral consisting of one or more Securities and that it has sufficient
interest in all Collateral in which a security interest is purported to be created hereunder for such security interest to attach (subject, in each case, to no pledge, lien, mortgage, hypothecation,
security interest, charge, option, Adverse Claim or other encumbrance whatsoever, except the liens and security interests created by this Agreement); 

         (ii)  it
has full power, authority and legal right to pledge all the Collateral pledged by it pursuant to this Agreement; 

        (iii)  this
Agreement has been duly authorized, executed and delivered by such Pledgor and constitutes a legal, valid and binding obligation of such Pledgor enforceable
against such Pledgor in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law); 

        (iv)  except
to the extent already obtained or made, no consent of any other party (including, without limitation, any stockholder or creditor of such Pledgor or any of its
Subsidiaries) and no consent, license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any governmental authority is required to
be obtained by such Pledgor in connection with (a) the execution, delivery or performance of this Agreement, (b) the validity or enforceability of this Agreement (except as set forth in
clause (iii) above), (c) the perfection or enforceability of the Pledgee's security interest in the Collateral or (d) except for compliance with or as may be required by
applicable securities laws, the exercise by the Pledgee of any of its rights or remedies provided herein; 

         (v)  the
execution, delivery and performance of this Agreement will not violate any provision of any applicable law or regulation or of any order, judgment, writ, award or
decree of any court, arbitrator or governmental authority, domestic or foreign, applicable to such Pledgor, or of the certificate of incorporation, operating agreement, limited liability company
agreement, partnership agreement or by-laws of such Pledgor or of any securities issued by such Pledgor or any of its Subsidiaries, or of any mortgage, deed of trust, indenture, lease,
loan agreement, credit agreement or other material contract, agreement or instrument or undertaking to which such Pledgor or any of its Subsidiaries is a party or which purports to be binding upon
such Pledgor or any of its Subsidiaries or upon any of their respective assets and will not result in the creation or imposition of (or the obligation to create or impose) any lien or encumbrance on
any of the assets of such Pledgor or any of its Subsidiaries except as contemplated by this Agreement; 

        (vi)  all
of the Collateral (consisting of Securities, Limited Liability Company Interests or Partnership Interests) has been duly and validly issued and acquired, is fully
paid and non-assessable and is subject to no options to purchase or similar rights; 

       (vii)  each
of the Pledged Notes constitutes, or when executed by the obligor thereof will constitute, the legal, valid and binding obligation of such obligor, enforceable in
accordance with 

15

 

its
terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors'
rights and by equitable principles (regardless of whether enforcement is sought in equity or at law); 

      (viii)  the
pledge, collateral assignment and delivery to the Pledgee of the Collateral consisting of Certificated Securities pursuant to this Agreement creates a valid and
perfected first priority security interest in such Certificated Securities, and the proceeds thereof, subject to no prior Lien or encumbrance or to any agreement purporting to grant to any third party
a Lien or encumbrance on the property or assets of such Pledgor which would include the Securities and the Pledgee is entitled to all the rights, priorities and benefits afforded by the UCC or other
relevant law as enacted in any relevant jurisdiction to perfect security interests in respect of such Collateral; and 

        (ix)  "control"
(as defined in Section 8-106 of the UCC) has been obtained by the Pledgee over all Collateral consisting of Securities (including Notes
which are Securities) with respect to which such "control" may be obtained pursuant to Section 8-106 of the UCC. 

        (b)   Each
Pledgor covenants and agrees that it will defend the Pledgee's right, title and security interest in and to the Securities and the proceeds thereof against the
claims and demands of all persons whomsoever; and each Pledgor covenants and agrees that it will have like title to and right to pledge any other property at any time hereafter pledged to the Pledgee
as Collateral hereunder and will likewise defend the right thereto and security interest therein of the Pledgee and the other Secured Creditors. 

        (c)   Each
Pledgor covenants and agrees that it will take no action which would violate any of the terms of any Secured Debt Agreement. 

        17.    LEGAL NAMES; TYPE OF ORGANIZATION (AND WHETHER A REGISTERED ORGANIZATION AND/OR A TRANSMITTING UTILITY); JURISDICTION OF ORGANIZATION; LOCATION;
ORGANIZATIONAL IDENTIFICATION NUMBERS; CHANGES THERETO; ETC.    The exact legal name of each Pledgor, the type of organization of such Pledgor, whether or not such
Pledgor is a Registered Organization, the jurisdiction of organization of such Pledgor, such Pledgor's Location, the organizational identification number (if any) of such Pledgor, and whether or not
such Pledgor is a Transmitting Utility, is listed on Annex A hereto for such Pledgor. No Pledgor shall change its legal name, its type of organization, its status as a Registered Organization (in the
case of a Registered Organization), its status as a Transmitting Utility or as a Person which is not a Transmitting
Utility, as the case may be, its jurisdiction of organization, its Location, or its organizational identification number (if any) from that used in Annex A hereto for such Pledgor, except that any
such changes shall be permitted (so long as not in violation of the applicable requirements of the Secured Debt Agreements and so long as same do not involve (x) a Registered Organization
ceasing to constitute same or (y) such Pledgor changing its jurisdiction of organization or Location from the United States of America or a State thereof to a jurisdiction of organization or
Location, as the case may be, outside the United States of America or a State thereof) if (i) it shall have given to the Pledgee not less than 30 days' prior written notice of each
change to the information listed on Annex A hereto for such Pledgor (as adjusted for any subsequent changes thereto previously made in accordance with this sentence), together with a supplement to
such Annex A which shall correct all information contained therein for such Pledgor, and (ii) in connection with the respective such change or changes, it shall have taken all action reasonably
requested by the Pledgee to maintain the security interests of the Pledgee in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect. In addition, to
the extent that any Pledgor does not have an organizational identification number on the date hereof and later obtains one, such Pledgor shall promptly thereafter notify Pledgee of such organizational
identification number and shall take all actions reasonably satisfactory to the Pledgee to the extent necessary to maintain the security interest of the Pledgee in the Collateral intended to be
granted hereby fully perfected and in full force and effect. 

16

   
        18.    PLEDGORS' OBLIGATIONS ABSOLUTE, ETC.    The obligations of each Pledgor under this Agreement shall be
absolute
and unconditional and shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise affected by, any circumstance or occurrence
whatsoever, including, without limitation: (i) any renewal, extension, amendment or modification of or addition or supplement to or deletion from any Secured Debt Agreement or any other
instrument or agreement referred to therein, or any assignment or transfer of any thereof; (ii) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any
such agreement or instrument including, without limitation, this Agreement; (iii) any furnishing of any additional security to the Pledgee or its assignee or any acceptance thereof or any
release of any security by the Pledgee or its assignee; (iv) any limitation on any party's liability or obligations under any such instrument or agreement or any invalidity or unenforceability,
in whole or in part, of any such instrument or agreement or any term thereof; or (v) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like
proceeding relating to any Pledgor or any Subsidiary of any Pledgor, or any action taken with respect to this Agreement by any trustee or receiver, or by any court, in any such proceeding, whether or
not such Pledgor shall have notice or knowledge of any of the foregoing. 

        19.    REGISTRATION, ETC.    (a) If there shall have occurred and be continuing an Event of Default then, and
in every such case, upon receipt by any Pledgor from the Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state
securities law or laws to be effected with respect to all or any part of the Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as
practicable and at its expense will cause such registration to be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as
may be so requested and as would permit or facilitate the sale and distribution of such Collateral, including, without limitation, registration under the Securities Act, as then in effect (or any
similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and appropriate compliance with any other government requirements,  provided that the
Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as
shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the progress of each such registration,
qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time
to time may reasonably request, and will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and
liabilities caused by any untrue statement (or alleged untrue statement) of a material fact contained therein (or in any related registration statement, notification or the like) or by any omission
(or alleged omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements therein
not misleading, except insofar as the same may have been caused by an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured
Creditor expressly for use therein. 

        (b)   If
at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, Limited Liability Company
Interests or Partnership Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the
Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Collateral, as the case may be, or part thereof by private sale in such manner and under such
circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such
event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such 

17

 

Collateral
or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict
such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Collateral or part
thereof. In the event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any part of the Collateral at a price which the Pledgee, in its sole and absolute
discretion, in good faith deems reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after
registration as aforesaid. 

        20.    TERMINATION; RELEASE.    (a) After the Termination Date, this Agreement and the security interest
created hereby shall terminate (provided that all indemnities set forth herein including, without limitation, in Section 11 hereof and in Section 6 of Annex L to the Security Agreement
shall survive any such termination), and the Pledgee, at the request and expense of any Pledgor, will execute and deliver to such Pledgor a proper instrument or instruments acknowledging the
satisfaction and termination of this Agreement, and will duly assign, transfer and deliver to such Pledgor (without recourse and without any representation or warranty) such of the Collateral as has
not theretofore been sold or otherwise applied or released pursuant to this Agreement, together with any monies at the time held by the Pledgee or any of its sub-agents hereunder. As used
in this Agreement, "Termination Date" shall mean the date upon which the Total Commitment and all Interest Rate Protection Agreements and Other Hedging
Agreements entered into with Other Creditors have been terminated, no Note under the Credit Agreement is outstanding (and all Loans have been repaid in full in cash in accordance with the terms
thereof), all Letters of Credit have been terminated, all outstanding Additional First Lien Debt Obligations have been paid in full in cash in accordance with the terms thereof, all Second Lien
Obligations have been paid in full in cash in accordance with the terms thereof and all other Obligations then due and payable have been paid in full in cash in accordance with the terms thereof;  provided, however, at such time as (x) all First Lien Obligations have been paid in full in cash
in accordance with the terms thereof and all Commitments and Letters of Credit under the Credit Agreement and all commitments under the Additional First Lien Debt Documents have been terminated or
(y) the First Lien Creditors have released their Liens on all of the Collateral then, in either case, this Agreement and the security interests created hereby shall terminate (provided that all
indemnities set forth herein (including, without limitation, in Section 11 hereof) and in Section 6 of Annex L to the Security Agreement shall survive such termination) unless, in the
case of preceding clause (x), any Event of Default under the Senior Secured Note Indenture exists as of the date on which the First Lien Obligations are repaid in full and terminated as
described in such clause (x), in which case the security interests created under this Agreement in favor of the Second Lien Creditors will not be released except to the extent the Collateral or
any portion thereof was disposed of in order to repay the First Lien Obligations (although the security interests created in favor of the Second Lien Creditors
will be released when such Event of Default and all other Events of Default under the Senior Secured Note Indenture cease to exist). 

        (b)   In
the event that any part of the Collateral is sold in connection with a sale permitted by each of the Secured Debt Agreements (other than a sale to any Pledgor or any
Subsidiary thereof) or is otherwise released at the direction of the Required Secured Creditors and the proceeds of such sale or sales or from such release are applied in accordance with the
provisions of the respective Secured Debt Agreements, to the extent required to be so applied, the Pledgee, at the request and expense of any Pledgor, will duly assign, transfer and deliver to such
Pledgor (without recourse and without any representation or warranty) such of the Collateral (and releases therefor) as is then being (or has been) so sold or released and has not theretofore been
released pursuant to this Agreement. 

        (c)   At
any time that a Pledgor desires that the Pledgee assign, transfer and deliver Collateral (and releases therefor) as provided in Section 20(a) or
(b) hereof, it shall deliver to the Pledgee a certificate signed by a principal executive officer of such Pledgor stating that the release of the respective 

18

 

Collateral
is permitted pursuant to such Section 20(a) or (b). If requested by the Pledgee (although the Pledgee shall have no obligation to make any such request), the relevant Pledgor shall
furnish appropriate legal opinions (from counsel reasonably acceptable to the Pledgee) to the effect set forth in the immediately preceding sentence. The Pledgee shall have no liability whatsoever to
any Secured Creditor as the result of any release of Collateral by it as permitted (or which the Pledgee in the absence of gross negligence or willful misconduct (as determined by a court of competent
jurisdiction in a final and non-appealable decision) believes to be permitted) by this Section 20. 

        (d)   Without
limiting the foregoing provisions of this Section 20, to the extent applicable following the qualification of the Senior Secured Note Indenture under the
Trust Indenture Act (but only insofar as this Agreement applies to the Second Lien Creditors), (i) the Pledgors shall comply with Section 314(d) of the Trust Indenture Act in connection
with the release of property or Liens hereunder and (ii) the parties hereto agree that if any amendments to this Agreement or any other Security Document are required in order to comply with
the provisions of the Trust Indenture Act, such parties shall cooperate and act in good faith to effect such amendments as promptly as practicable. 

        21.    NOTICES, ETC.    All such notices and communications hereunder shall be sent or delivered by mail, telegraph,
telex, telecopy, cable or overnight courier service and all such notices and communications shall, when mailed, telegraphed, telexed, telecopied, or cabled or sent by overnight courier, be effective
when delivered to the telegraph company, cable company or overnight courier, as the case may be, or sent by telex or telecopier and when mailed shall be effective three Business Days following deposit
in the mail with proper postage, except that notices and communications to the Pledgee shall not be effective until received by the Pledgee. All notices and other communications shall be in writing
and addressed as follows: 

        (a)   if
to any Pledgor, at the address set forth opposite such Pledgor's signature below; 

        (b)   if
to the Pledgee, at: 

Deutsche
Bank Trust Company Americas

31 West 52nd Street

New York, New York 10019

Attention: Diane Rolfe

Telephone No.: (646) 324-2194

Telecopier No.: (646) 324-7460; 

        (c)   if
to any Lender Creditor, either (x) to the Administrative Agent, at the address of the Administrative Agent specified in the Credit Agreement or (y) at
such address as such Lender Creditor shall have specified in the Credit Agreement; 

        (d)   if
to any Other Creditor at such address as such Other Creditor shall have specified in writing to the Borrower and the Pledgee; 

        (e)   if
to any Additional First Lien Creditor, at such address as such Additional First Lien Creditor shall have specified in writing to the Borrower and the Pledgee; and 

        (f)    if
to the Senior Secured Notes Trustee or any other Second Lien Creditor, at: 

The
Bank of New York

101 Barclay Street - 8W

New York, New York 10286

Attention: Corporate Trust Administration

Facsimile No.: (212) 815-5707 

19

 

or
at such other address as shall have been furnished in writing by any Person described above to the party required to give notice hereunder. 

        22.    WAIVER; AMENDMENT.    Except as contemplated in Section 26 hereof, none of the terms and conditions of
this Agreement may be changed, waived, modified or varied in any manner whatsoever except in accordance with the terms of the Security Agreement (including Section 10.16 thereof). 

        23.    MISCELLANEOUS.    This Agreement shall be binding upon the parties hereto and their respective successors and
assigns and shall inure to the benefit of and be enforceable by each of the parties hereto and its successors and assigns, provided that no Pledgor may assign any of its rights or obligations under
this Agreement without the prior consent of the Collateral Agent. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK. EACH PLEDGOR AND EACH SECURED CREDITOR IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY. The headings in this Agreement are for purposes of reference only and shall not limit or define the meaning hereof. This Agreement may be
executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one instrument. In the event that any provision of this Agreement shall prove to be
invalid or unenforceable, such provision shall be deemed to be severable from the other provisions of this Agreement which shall remain binding on all parties hereto. 

        24.    RECOURSE.    This Agreement is made with full recourse to the Pledgors and pursuant to and upon all the
representations, warranties, covenants and agreements on the part of the Pledgors contained herein and in the other Secured Debt Agreements and otherwise in writing in connection herewith or
therewith. 

        25.    LIMITED OBLIGATIONS.    It is the desire and intent of each Pledgor and the Secured Creditors that this
Agreement shall be enforced against each Pledgor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Notwithstanding
anything to the contrary contained herein, in furtherance of the foregoing, it is noted that the obligations of each Pledgor that is a Subsidiary of the Borrower and which has executed a guaranty of
any of the Obligations pursuant to a Secured Debt Agreement, the obligations of such Subsidiary thereunder may have been limited as provided therein. To the extent not otherwise provided in a guaranty
given by a Pledgor in respect of the Second Lien Obligations, each Pledgor, other than the Borrower (collectively, the "second lien pledgors"), the Senior Secured Notes Trustee and each other Second
Lien Creditor hereby confirm that it is the intention of all such Persons that the grant of the security interest hereunder by the second lien pledgors with respect to the Second Lien Obligations and
the Second Lien Obligations of each such second lien pledgor hereunder not constitute a fraudulent transfer or conveyance for purposes of any bankruptcy law (as hereinafter defined), the Uniform
Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Agreement and the Second Lien Obligations of the second
lien pledgors hereunder. To effectuate the foregoing intention, the Senior Secured Notes Trustee, the other Second Lien Creditors and the second lien pledgors hereby irrevocably agree that the Second
Lien Obligations of the second lien pledgors hereunder at any time shall be limited to the maximum amount (after taking into account any guaranty of the First Lien Obligations by the second lien
pledgors) as will result in the Second Lien Obligations of the second lien pledgors hereunder not constituting a fraudulent transfer or conveyance. For purposes hereof, "bankruptcy law" means any
proceeding of the type referred to in Section 6.01(f) or (g) of the Senior Secured Note Indenture or Title 11, U.S. Code, or any similar foreign, federal or state law for the relief of
debtors. 

20

 

        26.    ADDITIONAL PLEDGORS.    It is understood and agreed that any Subsidiary of the Borrower that desires to become
a Pledgor hereunder, or is required to execute a counterpart of this Agreement after the date hereof pursuant to the requirements of the respective Secured Debt Agreements, shall become a Pledgor
hereunder by executing a counterpart hereof and delivering same to the Pledgee, or by executing an assumption agreement in form and substance satisfactory to the Pledgee, (y) delivering
supplements to Annexes A through G hereto, inclusive, as are necessary to cause such Annexes to be complete and accurate with respect to such additional Pledgor on such date and (z) taking all
actions as specified in this Agreement as would have been taken by such Pledgor had it been an original party to this Agreement, in each case with all documents and actions required above to be
delivered or taken to be delivered or taken to the reasonable satisfaction of the Pledgee. 

        27.    ACKNOWLEDGMENT.    It is understood and agreed that, notwithstanding anything to the contrary contained in this
Agreement, in order for an Additional First Lien Creditor to receive the benefits of this Agreement and any other Security Document, the Borrower and such Additional First Lien Creditor shall have
delivered to the Pledgee a "Notice of Security Document Entitlement" (properly completed) pursuant to Section 10.15 of the Security Agreement. 

* * * *  

21

        IN WITNESS WHEREOF, each Pledgor and the Pledgee have caused this Agreement to be executed by their duly elected officers duly authorized as of the date first above written. 

Address:  

	7777 Washington Village Drive

Suite 130

Dayton, OH 45459

Attention: President

Telephone: (937) 428-6368

Telecopier: (973) 428-9560	 	DAYTON SUPERIOR CORPORATION,

DUR-O-WAL, INC.,

SYMONS CORPORATION,

DAYTON SUPERIOR SPECIALTY CHEMICAL CORP.,

TREVECCA HOLDINGS, INC.,

AZTEC CONCRETE ACCESSORIES, INC.,

SOUTHERN CONSTRUCTION PRODUCTS, INC.,

as Pledgors
	

 	

 	

 	
 	

By	

/s/  ALAN F. MCILROY      

	 	 	 	 	 	Name:	Alan F. McIlroy
	 	 	 	 	 	Title:	Vice President and Chief Financial Officer
	

Accepted and Agreed to:	
 	

 	

 	

 
	

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Collateral Agent, Pledgee	
 	

 	

 	

 
	

By	

/s/  DIANE F. ROLFE      
	
 	

 	

 	

 
	 	Name:	Diane F. Rolfe	 	 	 	 
	 	Title:	Vice President	 	 	 	 
	 	 	 	 	 	 	 
	

THE BANK OF NEW YORK,

as the Senior Secured Notes Trustee on its own behalf and on behalf of the other Second Lien Creditors	
 	

 	

 	

 
	

By	

/s/  JOSEPH A. LLORET      
	
 	

 	

 	

 
	 	Name:	Joseph A. Lloret	 	 	 	 
	 	Title:	Assistant Treasurer	 	 	 	 

 
 

ANNEX A
  to
  PLEDGE AGREEMENT    
    

 
 

SCHEDULE OF LEGAL NAMES, TYPE OF ORGANIZATION
  (AND WHETHER A REGISTERED ORGANIZATION AND/OR
  A TRANSMITTING UTILITY), JURISDICTION OF ORGANIZATION,
  LOCATION AND ORGANIZATIONAL IDENTIFICATION NUMBERS    

	Exact Legal Name of Each Pledgor
 
	 	Registered Organization? (Yes/No)
	 	Jurisdiction of Organization
	 	Pledgor's Location (for purposes of NY UCC § 9-307)
	 	Pledgor's Organization Identification Number (or, if it has none, so indicate)
	 	Transmitting Utility? (Yes/No)

	    	 	 	 	 	 	 	 	 	 	 

 
 

ANNEX B
  to
  PLEDGE AGREEMENT    
    

 
 

LIST OF SUBSIDIARIES    
    

 
 

ANNEX C
  to
  PLEDGE AGREEMENT    
    

 
 

LIST OF STOCK    
    

I.     [Pledgor]  

	Name of Issuing Corporation
 
	 	Certificate Number
	 	Type of Shares
	 	Number of Shares
	 	Percentage of Outstanding Shares of Capital Stock
	 	Relevant Sub-Clause of Section 3.2(a) of Pledge Agreement

	    	 	 	 	 	 	 	 	 	 	 

 
 

ANNEX D
  to
  PLEDGE AGREEMENT    
    

 
 

LIST OF NOTES    
    

I.     [Pledgor]  

	Amount
 
	 	Maturity Date
	 	Obligor
	 	Relevant Sub-clause of Section 3.2(a) of Pledge Agreement

	    	 	 	 	 	 	 

 
 

ANNEX E
  to
  PLEDGE AGREEMENT    
    

 
 

LIST OF LIMITED LIABILITY COMPANY INTERESTS    
    

 
 

ANNEX F
  to
  PLEDGE AGREEMENT    
    

 
 

LIST OF PARTNERSHIP INTERESTS    
    

  

 
 

ANNEX G
  to
  PLEDGE AGREEMENT    
    

 
 

Form of Agreement Regarding Uncertificated Securities, Limited Liability
  Company Interests and Partnership Interests    
    

        AGREEMENT (as amended, modified or supplemented from time to time, this "Agreement"), dated as of
                            ,
            , among each of the undersigned pledgors (each a "Pledgor" and, collectively, the "Pledgors"), Deutsche Bank Trust Company Americas, not in its individual
capacity but solely as Collateral Agent (the "Pledgee"), and                         , as the issuer of the Uncertificated
Securities, Limited Liability Company Interests and/or
Partnership Interests (each as defined below) (the "Issuer"). 

W I T N E S S E T H:  

        WHEREAS, each Pledgor and the Pledgee have entered into a Pledge Agreement, dated as of June 16, 2000, and amended and restated as of June 9, 2003
(as amended, amended and restated, modified or supplemented from time to time, the "Pledge Agreement"), under which, among other things, in order to secure the payment of the Obligations (as defined
in the Pledge Agreement), each Pledgor will pledge to the Pledgee for the benefit of the Secured Creditors (as defined in the Pledge Agreement), and grant a security interest in favor of the Pledgee
for the benefit of the Secured Creditors in, all of the right, title and interest of such Pledgor in and to any and all (1) "uncertificated securities" (as defined in
Section 8-102(a)(18) of the Uniform Commercial Code, as adopted in the State of New York) ("Uncertificated Securities"), (2) Partnership Interests (as defined in the Pledge
Agreement) and (3) Limited Liability Company Interests (as defined in the Pledge Agreement), in each case issued from time to time by the Issuer, whether now existing or hereafter from time to
time acquired by such Pledgor (with all of such Uncertificated Securities, Partnership Interests and Limited Liability Company Interests being herein collectively called the "Issuer Pledged
Interests"); and 

        WHEREAS,
each Pledgor desires the Issuer to enter into this Agreement in order to perfect the security interest of the Pledgee under the Pledge Agreement in the Issuer Pledged Interests,
to vest in the Pledgee control of the Issuer Pledge Interests and to provide for the rights of the parties under this Agreement; 

        NOW,
THEREFORE, in consideration of the premises and the mutual promises and agreements contained herein, and for other valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 

        1.     Each
Pledgor hereby irrevocably authorizes and directs the Issuer, and the Issuer hereby agrees, to comply with any and all instructions and orders originated by the
Pledgee (and its successors and assigns) regarding any and all of the Issuer Pledged Interests without the further consent by the registered owner (including the respective Pledgor), and not to comply
with any instructions or orders regarding any or all of the Issuer Pledged Interests originated by any person or entity other than the Pledgee (and its successors and assigns) or a court of competent
jurisdiction. 

        2.     The
Issuer hereby certifies that (i) no notice of any security interest, lien or other encumbrance or claim affecting the Issuer Pledged Interests (other than the
security interest of the Pledgee) has been received by it, and (ii) the security interest of the Pledgee in the Issuer Pledged Interests has been registered in the books and records of the
Issuer. 

        3.     The
Issuer hereby represents and warrants that (i) the pledge by the Pledgors of, and the granting by the Pledgors of a security interest in, the Issuer Pledged
Interests to the Pledgee, for 

1

 

the
benefit of the Secured Creditors, does not violate the charter, by-laws, partnership agreement, membership agreement or any other agreement governing the Issuer or the Issuer Pledged
Interests, and (ii) the Issuer Pledged Interests are fully paid and nonassessable. 

        4.     All
notices, statements of accounts, reports, prospectuses, financial statements and other communications to be sent to any Pledgor by the Issuer in respect of the Issuer
will also be sent to the Pledgee at the following address: 

Deutsche
Bank Trust Company Americas

31 West 52nd Street

New York, New York 10019

Attention: Diane Rolfe

TelephoneNo.: (646) 324-2194

Telecopier No.: (646) 324-7460 

        5.     Until
the Pledgee shall have delivered written notice to the Issuer that all of the Obligations have been paid in full and this Agreement is terminated, the Issuer will
send any and all redemptions, distributions, interest or other payments in respect of the Issuer Pledged Interests from the Issuer for the account of the Pledgor only by wire transfers to the account
specified by the Collateral Agent at the time of distribution thereof. 

        6.     Except
as expressly provided otherwise in Sections 4 and 5, all notices, instructions, orders and communications hereunder shall be sent or delivered by mail, telex,
telecopy or overnight courier service and all such notices and communications shall, when mailed, telexed, telecopied or sent by overnight courier, be effective when deposited in the mails or
delivered to the overnight courier, prepaid and properly addressed for delivery on such or the next Business Day, or sent by telex or telecopier, except that notices and communications to the Pledgee
shall not be effective 

2

 

until
received by the Pledgee. All notices and other communications shall be in writing and addressed as follows: 

	 	(a)	if to any Pledgor, at:	 	 
	 	 	    
	 	 
	 	 	    
	 	 
	 	 	    
	 	 
	 	 	Attention:	    
	 	 
	 	 	Telephone No..:	    
	 	 
	 	 	Telecopier No.:	    
	 	 
	

 	

(b)	

if to the Pledgee, at:

Deutsche Bank Trust Company Americas

31 West 52nd Street

New York, New York 10019

Attention: Diane Rolfe

Telephone No.: (646) 324-2194

Telecopier No.: (646) 324-7460	
 	

 
	

 	

(c)	

if to the Issuer, at:	
 	

 
	 	 	    
	 	 
	 	 	    
	 	 
	 	 	    
	 	 
	 	 	Attention:	    
	 	 
	 	 	Telephone No.:	    
	 	 
	 	 	Telecopier No.:	    
	 	 

or
at such other address as shall have been furnished in writing by any Person described above to the party required to give notice hereunder. As used in this Section 6, "Business Day" means
any day other than a Saturday, Sunday, or other day in which banks in New York are authorized to remain closed. 

        7.     This
Agreement shall be binding upon the successors and assigns of each Pledgor and the Issuer and shall inure to the benefit of and be enforceable by the Pledgee and its
successors and assigns. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one instrument. In the event that any
provision of this Agreement shall prove to be invalid or unenforceable, such provision shall be deemed to be severable from the other provisions of this Agreement which shall remain binding on all
parties hereto. None of the terms and conditions of this Agreement may be changed, waived, modified or varied in any manner whatsoever except in writing signed by the Pledgee, the Issuer and any
Pledgor which at such time owns any Issuer Pledged Interests. 

        8.     This
Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its principles of conflict of laws. 

*    *    * 

3

   
        IN WITNESS WHEREOF, each Pledgor, the Pledgee and the Issuer have caused this Agreement to be executed by their duly elected officers duly authorized as of the date first above written. 

	 	 	
[                                        ],

 as a Pledgor
	

 	
 	

By	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	

DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Collateral Agent and Pledgee
	

 	
 	

By	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	

[                                        ],

 the Issuer
	

 	
 	

By	
 	

 
	 	 	 	 	
 Name:

Title:

4

QuickLinks

Exhibit 4.6

AMENDED AND RESTATED PLEDGE AGREEMENT among DAYTON SUPERIOR CORPORATION, CERTAIN SUBSIDIARIES OF DAYTON SUPERIOR CORPORATION and DEUTSCHE BANK TRUST COMPANY AMERICAS, as COLLATERAL AGENT

TABLE OF CONTENTS

AMENDED AND RESTATED PLEDGE AGREEMENT

W I T N E S S E T H

ANNEX A to PLEDGE AGREEMENT

SCHEDULE OF LEGAL NAMES, TYPE OF ORGANIZATION (AND WHETHER A REGISTERED ORGANIZATION AND/OR A TRANSMITTING UTILITY), JURISDICTION OF ORGANIZATION, LOCATION AND ORGANIZATIONAL IDENTIFICATION NUMBERS

ANNEX B to PLEDGE AGREEMENT

LIST OF SUBSIDIARIES

ANNEX C to PLEDGE AGREEMENT

LIST OF STOCK

ANNEX D to PLEDGE AGREEMENT

LIST OF NOTES

ANNEX E to PLEDGE AGREEMENT

LIST OF LIMITED LIABILITY COMPANY INTERESTS

ANNEX F to PLEDGE AGREEMENT

LIST OF PARTNERSHIP INTERESTS

ANNEX G to PLEDGE AGREEMENT

Form of Agreement Regarding Uncertificated Securities, Limited Liability Company Interests and Partnership InterestsQuickLinks
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Exhibit 10.1  

 
 

SOFTWARE CUSTOMIZATION AND DEVELOPMENT AGREEMENT    
    

        THIS SOFTWARE CUSTOMIZATION AND DEVELOPMENT AGREEMENT ("Agreement") is made as of January 10, 2003 ("Effective Date") by and between Network Printing Solutions
Ltd., ("NPS"), located at IBEX House, 162-164 Arthur Road, Wimbledon Park, London SW19 8AQ, England and Danka Office Imaging Company, ("Danka"), located at 11201 Danka Circle North, St. Petersburg, FL
33716, together ("the parties"). 

 
 

RECITALS    
    

        WHEREAS, NPS manufacturers, customizes, licenses and distributes its proprietary software products, develops and
distributes private label proprietary software products and provides associated technical support which Danka desires to acquire; and 

        WHEREAS, NPS desires to supply and license its Proprietary software products to Danka, develop Danka private label software Proprietary to
Danka and provide related technical support to Danka. 

        NOWTHEREFORE, in consideration of their mutual promises set forth below and other valuable consideration, the parties agree as follows: 

        1.    Scope of Agreement.    This Agreement sets forth the parties obligations and benefits relative to NPS's
customization, licensing, and delivery of specific NPS products to Danka in accordance with Danka's documented customization specifications. In addition, NPS will develop and deliver private branded
Danka proprietary software, which will belong Exclusively to Danka for "Danka Dashboard" according to Danka's specifications. NPS will also provide associated training, technical support, software
maintenance and licensing functions. 

        1.1    Term.    This Agreement shall become effective upon the date of the last party to sign ("Effective Date") and
shall terminate three (3) years thereafter ("Initial Term"). Following the Initial Term, and provided this Agreement has not been terminated as otherwise permitted herein, NPS agrees to negotiate with
Danka by providing Danka the right of first refusal as NPS's exclusive worldwide distributor of the Customized and Developed Software as specified in section 2.1 of this agreement. In the event the
parties agree to renew this Agreement for subsequent terms, such terms will be successive one (1) year renewal terms until such time as this Agreement is terminated as permitted herein by either party
upon thirty (30) calendar days written notice to the other party. 

        1.2    Definitions.    As used in this Agreement, the following terms shall have the following meanings: 

	a.
	"Customized
Software" means those existing NPS Products, as identified in Section 2.1 customized to Danka's specifications and made available Exclusively to Danka hereunder. Please
refer to Exhibit A and Section 2.1 for additional Information

	b.
	"Developed
Software" means the "Danka Dashboard" software NPS will develop solely for Danka in accordance with Danka's specifications which shall belong Exclusively and be Proprietary
to Danka.

	c.
	"Exclusive"
means that Danka will be the only recipient of The Product(s) and/or be the sole worldwide distributor hereunder.

	d.
	"The
Product(s)" means both the Customized Software and Developed Software identified herein provided to Danka by NPS according to Danka's specifications set forth in Exhibit A.

	e.
	"Proprietary"
means that the ownership rights and benefits of software belong to one party. 

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	f.
	"Specifications"
means Danka's designated specifications for The Products to be used to create the Customized Software and used to develop the Developed Software. Specifications may be
supplemented or amended by Danka during the term of this Agreement.

	g.
	"Territory"
shall mean worldwide.

	h.
	"Transfer
Cost" means the amount Danka pays to NPS for The Product(s) hereunder.

	i.
	"Danka
Print Manager "DPM" is a Danka branded product which is exclusive to Danka. Danka Print Manager (DPM) is a subset and a derivative of NPS's software product JAS Print Solutions,
where JAS Print Solutions is the exclusive property of Network Printing Solutions. Network Printing Solutions has given permission to use JAS Print Solutions as the bases and platform for the Danka
product "Danka Print Manager (DPM)"

	j.
	"
Exhibits " Some items under the exhibits refer to the technical specifications of the parent product JAS Print Solutions and hence may not fall into the definition of customized
software 

        1.3    Independent Contractors.    Neither party shall, for any purpose, be deemed to be an agent of the other party
and the relationship between the parties shall only be that of independent contractors. Nothing included in this Agreement shall create or be deemed to create a joint venture, partnership, or a
relationship of principal and agent, or employer and employee between the parties. 

        1.4    No Other Terms and Conditions.    The parties acknowledge and agree that this Agreement will supercede the
previous Letter of Intent executed by the parties in July of 2002. In addition, this Agreement will be considered the complete understanding between the parties on the subject matter herein and hereby
supercedes any previous written or oral agreements. Exhibit A and Exhibit B, attached hereto, are incorporated into and made part of this Agreement by this reference. 

        1.5    Termination.    This Agreement may be terminated by for any reason upon sixty (60) days written notice
to NPS. In the event Danka terminates voluntarily, without cause, prior to the expiration of the Initial Term, and provided NPS in not in breach of this Agreement, Danka will be obligated to pay NPS
for all Product(s), Customized Software and/or Developed Software delivered and accepted by Danka prior to the date of termination. In the event NPS voluntarily terminates without cause prior to the
expiration of the Initial Term of this Agreement, and providing Danka is not in breach of this Agreement, NPS will be obligated to deliver all Product(s) for which they have received a purchase order
and complete all Customized and Developed Software delivery. In addition, either party may terminate this Agreement upon sixty (60) days written notice to the other party in the event the other party
fails to cure a material breach of a material term of this Agreement for which they have received notice. Such notice must specify the other party's breach of this Agreement. If the breach remains
uncured at the end of such sixty (60) day notice and cure period, the non-breaching party may terminate this Agreement immediately. Either party may terminate this Agreement immediately upon written
notice in the event of the insolvency or bankruptcy of the other party. 

        1.6    Territory and Referrals.    Danka will be considered the Exclusive distributor of The Product(s), as defined in
Section 2.1 worldwide. NPS agrees to provide all sales leads for The Product(s) to Danka and provide Danka the right of first refusal to pursue such leads, provided however, that if Danka elects not
to or fails, for any reason, to pursue such lead within thirty () fourteen (14)days following the date of receipt of the referral by Danka, then NPS shall be entitled to pursue such lead directly or
referring such lead to another NPS distributor in which case such lead shall be released from Danka's Exclusivity rights hereunder. Danka may utilize its own direct sales force and/or any third party
agent or sales channels in distribution of The Product(s). 

        1.7.    Sales Review and Forecasting.    (The parties will jointly evaluate Danka's sales achievement on a quarterly
basis during the first year of the term of this Agreement. Thereafter, the parties will 

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jointly
review The Product(s) market potential and mutually agree on appropriate sales forecasts on an annual basis. 

        1.8    Promotional Activities.    In the event Danka elects to participate in industry trade shows, NPS agrees to
participate in a maximum of one (1) such trade show and will send an appropriate number of NPS representative(s).at NPS's sole expense upon the request of Danka. Additional trade show participation by
NPS will be negotiated on an individual case basis. 

2.     NPS PRODUCTS AND CUSTOMIZED SOFTWARE.  

        2.1    NPS Products and Customized Software.    NPS agrees that the following NPS software products will be customized
in accordance with Danka's specifications as set forth in Exhibit A: 

	a.
	Print
Manager Print User Administration

	b.
	Print
Manager Print Devise Administration

	c.
	Print
Manager Traffic Cop (Integrated Version)

	d.
	Print
Manager Traffic Cop Lite (Refer to Exhibit D)

	e.
	Print
Manager Auto Client Pop Up

	f.
	Print
Manager Reports

	g.
	Print
Manager Control Service (Copy Auditing)

	h.
	Print
Manager Submit (refer to Exhibit E)

	i.
	Print
Manager Asset Manager

	j.
	Print
Manager Cashier

	k.
	Confidential
Print Manager (follow me printing) 

        2.2    Developed Software.    NPS will develop a software product referred to as "Danka Dashboard Print Manager". The
Developed Software will be Proprietary to Danka and be developed in accordance with Danka Specifications set forth in Exhibit A. 

        2.3    NPS Training, Technical Support and Maintenance.    

	a.
	Training.    NPS will provide training at Danka's St. Petersburg, Florida facility as required and as requested by Danka. In
addition, regional training for Danka personnel will be supplied to Danka by NPS at NPS's and Danka's joint expense at locations requested by Danka, prior to training commitment both parties will
agree on when it will take place where it will take place and agree on how total costs will be paid. All training materials including, but not limited to, electronic manuals and electronic reference
materials will be provided to Danka at least thirty (30) days prior to Danka's launch of The Product(s). All training materials will be branded by NPS with "Danka @ the Desktop" identification
according to Danka's branding specifications as set forth in Exhibit A. Training material development and initial round of publishing will be the responsibility of NPS

	b.
	Technical Support.    NPS will provide a minimum of one (1) full time Technical Support Representative (TSR). The TSR will be
fully competent in all marketing and technical aspects of The Product(s) provided hereunder and the entire NPS product /service line and will provide third level technical support required by Danka.
NPS agrees to increase TSR resources at NPS's expense based upon Danka's sales achievements, in the event business demands so require. NPS agrees to provide Product(s) maintenance and support of Danka
Print Manager and the related NPS Customized software at no cost to Danka. NPS has the 

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right
to terminate maintenance and support for a specific discontinued NPS product software only upon six (6) months advance written notice to Danka of such discontinuance, Technical support from NPS
will include the following: 

	i.)
	A
static NPS help desk phone number and support email address will be provided to Danka.

	ii.)
	All
support phone calls from Danka's Tiger Team or Digital Solutions Center will be responded to by NPS within three (3) hours.

	iii.)
	All
email inquiries from Danka will be responded to within twenty-four (24) hours.

	iv.)
	NPS
will provide an escalation path to Danka that outlines the responsibilities of NPS support resources including contact information. 

        2.4.    Software Upgrades.    NPS agrees to use best efforts to continually update The Products by incorporating
upgrades consistent with market and customer requirements. NPS will make any new Product(s) upgrades and features associated to the products outlined in section 2.1 available to Danka upon first
availability. Danka will have the right of first refusal as NPS's prefered distributor, for any such new Products or features prior to such Product and/or feature being offered to other NPS
distributors in the Territory. NPS agrees to provide Product(s) maintenance and support for the last two versions of the related NPS software product, at no cost to Danka. NPS has the right to
terminate maintenance and support for a specific discontinued NPS product software only upon six (6) months advance written notice to Danka of such discontinuance. In the event NPS releases a new
general upgrade at any time during the term of this Agreement, NPS will apply such upgrade to Danka's Customized Software at no cost to Danka. NPS will be responsible for electronic distribution of
the latest Customized Software version to Danka customers within thirty (30) days of the release of any upgrade. 

        2.5.    Danka Print Manager Retrofits.    NPS agrees to provide Danka, at no cost to Danka, all retrofits and
modifications required for regulatory compliance, reliability, safety and performance changes to The Product(s), as may be ordered by regulatory agencies with competent jurisdiction and/or developed
by NPS and made available to NPS customers from time to time. In addition, all related technical documentation required for installation and use of The Product(s) will be provided to Danka upon
earliest availability. NPS will provide a master set of such retrofits and modifications to Danka's primary support contact. NPS and Danka's primary support contacts shall mutually agree on the best
method of distribution of any retrofits and/or modifications (i.e. email, ftp, CDROM, etc). 

        2.6    Intellectual Property.    

	a.
	Customized Software.    NPS shall be the sole owner of all intellectual property rights in or relating to the original source
code for its original software used to create the Customized Software, including all patents, trademarks, and/or copyrights. All such rights are and will remain the Proprietary property of NPS. Danka
represents to NPS that it will not attempt to translate, modify, decompile, disassemble, reverse engineer or attempt to obtain the original source code for the original software or otherwise modify or
translate the documentation and that all intellectual property related to or comprising the original software constitutes a proprietary trade secret of NPS.

	b.
	Developed Software.    Danka shall be the sole owner of all intellectual property rights in or relating to the source code as
developed by NPS according to Danka specifications for the Developed Software. . NPS agrees to transfer and cause its employees to transfer all such ownership rights to Danka and Danka shall have sole
and exclusive ownership of all Danka Proprietary software source code and associated intellectual property including any resulting copyrights, patents, and trademarks, excluding the right to third
party dlls and ocx's. 

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        2.7    Software Escrow Account.    NPS and Danka agree to execute a Source Code Escrow Trust Agreement and NPS agrees
to deposit The Product(s) source code and all upgrades, improvements, revisions, enhancements or updates, which relate to the original source code deposit, with a Software Escrow Agent of Danka's
choosing, hereafter referred to as the "Trustee", in an escrow account for duration of the Initial and Subsequent terms of this Agreement. Once Danka has nominated a Trustee and the pricing of
managing the trustee has been discussed between NPS and Danka , Danka and NPS will agree to pay fifty per cent each of the total costs incurred. "Source Code" means not only the source code as
originally deposited, but all revisions, updates, or improvements which relate to the original deposit. The Source Code delivered to the Trustee shall be in a form suitable for reproduction by
computer and/or photocopy equipment, and consists of a full source language statement of the program or programs comprising The Product(s) and complete Product(s) maintenance documentation, including
all flow charts, schematics and annotations which comprise the pre-coding detailed design specifications and all other materials necessary to allow a reasonably skilled third-party programmer to
maintain or enhance The Product(s) without the help of any other person or reference to any other material. It is agreed that only a copy of the Source Code need be deposited with the Trustee and that
this Section relates only to such copy in the possession of the Trustee. Nothing in this Section shall be interpreted to deprive NPS of any right, title, or interest in the Source Code. Similarly,
however, this Section will be construed to effectuate its major purpose which is to allow Danka continued benefit of The Product(s) software in the event NPS fails or is unable to perform its
obligations as stated herein. In the event of a NPS default, Danka will provide written notice to the Trustee of such default. Such notice will identify the nature of the default, the parties and the
Source Code with reasonable specificity, and shall demand the delivery of a complete copy of the Source Code to the Danka within five (5) days of such written notice of default. The following will be
considered events of default:: 1) NPS is unable to correct any malfunction, defect or nonconformity in The Product(s) preventing The Product(s) from functioning in accordance with the warranties and
such failure continues for a period of fifteen (15) calendar days. 2) Any sale, assignment or other transfer by NPS of its rights to or ownership of the Source Code without the prior written consent
of Danka. 3) NPS becomes insolvent, makes a general assignment for the benefit of creditors, or files a voluntary petition in bankruptcy. 4) NPS becomes insolvent, makes a general assignment for the
benefit of creditors, or files a voluntary petition in bankruptcy. 

        2.8    Cooperation.    The parties shall jointly cooperate in a diligent manner in order to meet the needs of
customers requiring The Product(s) capabilities prior to general availability. 

        2.9    Ordering, Acceptance, Delivery, and Transportation.    

	a.
	Ordering and Acceptance.    Danka will order The Product(s) in accordance with the purchase ordering process as shall be
established between the parties. Each purchase order will set forth The Product description, The Product quantities, The Product prices, The Product requested delivery date, delivery address and
shipping instructions. NPS will provide written notice of purchase order acceptance within three (3) business days of receipt of a purchase order. Any modifications made by NPS to any purchase order
must be acknowledged in writing by Danka to be effective. Danka will not be obligated to accept short, incomplete or excess Product quantities unless otherwise set forth herein or as agreed by Danka
in writing prior to delivery.

	b.
	Delivery.    For purposes of this Agreement, delivery to Danka will occur when The Product(s) (other than the Print Master
Control Station) are received and accepted at Danka's designated shipping location. NPS will use all commercially reasonable efforts to meet the agreed upon delivery date but will not be liable to
Danka for failure to meet such dates. Upon receipt of a purchase order from Danka, NPS agrees to immediately download The Product(s) for Danka's immediate use. NPS agrees to deliver The Product(s) to
the designated delivery destination within fourteen (14) days of receipt of Danka's purchase order. In cases where 

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NPS
has advance notice of delayed delivery date, NPS will use best efforts to schedule delivery as close as possible to the original date and advise Danka of the delay and rescheduled date. With prior
written agreement from Danka, NPS may make a partial delivery of not less than ten percent (10%) of the total agreed to delivery volume. Risk of loss or damage with respect to The Product(s) will
remain with NPS until delivered and accepted as set forth herein. Title to The Product(s) will remain with NPS until Danka's payment is received by NPS. Following such payment, title will transfer to
Danka. To ensure functionality, and where required, NPS will provide a software activation key. NPS agrees to maintain an active inventory of 6 of the most popular verions of the Customized Print
Master Control Stations NPS will ship the Customized Print Master Control Station within twenty eight (28) days of receipt of Danka's purchase order 

	c.
	Transportation.    NPS is responsible for selecting the common carrier and insuring The Product(s) against loss and/or damage
and/or to ensure that the common carrier selected by NPS has sufficient insurance coverage for losses, which may occur prior to Danka's acceptance of The Product(s). transportation and Shipping costs
will be the responsibility of NPS. 

        2.10    Packaging for Shipment.    Unless otherwise agreed in advance, The Products will be packed by NPS as NPS
reasonably deems appropriate to minimize risk of loss or damage in transit. 

        2.11    Taxes.    Danka shall be responsible for all VAT, sales, use and other similar taxes levied by any
governmental or regulatory agency with competent jurisdiction on The Products supplied under this Agreement, unless Danka provides written proof of exemption. 

        2.12    Payment.    

        Product Prices and Payments.    NPS will issue invoices for The Product(s) ordered at the prices set forth in Exhibit B,
delivered and accepted by Danka hereunder. Danka will be required to remit payments in United States dollars by draft of bank transfer for undisputed amounts within thirty (30) calendar days of the
date of invoice, which shall be no earlier than the date of shipment by NPS. A late charge of one and one-half percent (1.5%) monthly shall apply to undisputed amounts not received by the forty-fifth
(45th) calendar day from the date of invoice. NPS and Danka reserve the rights to modify price list on a quarterly bases in order to keep the product offering competitive in
the market place.

	a.
	Customized Software and Development Software Payment.    Danka will pay NPS a total of two hundred thousand dollars
($200,000.00) for the Danka Print Manager Products set forth in Section 2.1 and for the Development Software as set forth in Section 2.2. The parties acknowledge and agree that Danka has prepaid one
hundred thousand dollars ($100,000.00) of such total amount as a prepayment in furtherance of rapid customization and development as agreed and set forth in the parties Letter of Intent Agreement
executed in July of 2002. The remaining balance of one hundred thousand dollars ($100,000.00) shall be paid by Danka to NPS following NPS's delivery and Danka's testing and acceptance of the
Customized Software and Developed Software in accordance with Danka's Specifications in three (3) individual Danka customer installation sites and following The Product(s) satisfactory performance for
a continuous period of sixty (60) days, the three installation sites specified above may be located in the U.S. or in Europe as agreed by Danka. The parties agree that Failure of NPS to successfully
deliver, test and successful software performance in accordance with specifications will eliminate Danka's obligation to pay the remaining one hundred thousand dollars ($100,000.00) and will be
considered a material breach of this Agreement entitling Danka to immediately terminate this Agreement without further notice. 

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3.     SPECIFICATIONS, QUALITY CONTROL AND ACCEPTANCE.  

        3.1    Specification Conformity.    All Product(s) delivered by NPS to Danka hereunder will conform in all material
respects in accordance with all NPS software performance specifications, Danka's Specifications as set forth in Exhibit A and all applicable federal, state, international and local laws. 

        3.2    Specification Changes.    Danka reserves the right to change the Specifications by written notice to NPS. If
NPS objects to any Specification change proposed by Danka, then the parties will consult in good faith to resolve their differences. 

        3.3    Quality Assurance.    NPS will be responsible for ensuring that the Product(s) meet NPS's internal quality
assurance tests and procedures prior to shipment hereunder. Upon request, NPS will provide Danka with written certification by a responsible NPS supervisory employee that the requirements of this
Section have been met. 

        3.4    Testing and Acceptance.    

	a.
	Products Delivery and Acceptance.    Upon delivery of The Product(s) by NPS to Danka, Danka will have sixty (60) business days
to conduct testing to ensure Danka Specifications are met. Danka will provide written notice to NPS of any deficiencies or defects within such sixty (60) business days period. NPS will respond to any
notice of defects/deficiencies within a five (5) calendar day period and agrees to remedy any defects and/or deficiencies within fifteen (15) days of such notice or such longer period as the parties
may mutually agree. In the event the Specifications remain unmet at the end of the cure period, NPS agrees to ship replacement Product(s) immediately. Each instance of remedied Product(s) re-delivery
will begin a new sixty (60) business day acceptance cycle. In the event Danka has not provided written notice of any deficiencies and/or defects within the sixty (60) business day period following
delivery, The Product(s) will be deemed accepted by Danka. Danka will be charged a fifteen percent (15%) restocking fee based on the Transfer Cost of The Product(s) in the event Danka returns The
Product(s) for reasons other than a defect, late delivery or termination of this Agreement due to breach by NPS.

	b.
	Beta Test Circumstances.    Danka may perform, at its sole discretion, an external Beta Test with an existing Danka customer.
The implementation of an external Beta Test will extend The Product(s) testing and evaluation period by an additional sixty (60) days. In the case of such external Beta Test, NPS will be required to
respond to Danka's written notice of such defect and/or deficiency within five (5) business days of the date of such notice. 

4.     SOFTWARE LICENSE.  

        Danka is granted a non-exclusive royalty free license for all The Product(s) for the duration of this Agreement to use and further sublicense the right to use The
Product(s) purchased hereunder in accordance with this Agreement. Use is also defined to include testing, demonstration and maintenance of The Product(s). Multiple copies of The Products will be
provided to Danka as required including copies for each Danka showroom (excluding Print Master Control Stations) . Danka will provide maintenance and licensing services to it's customers selectively
for ongoing technical support. For such services Danka will charge customers a percent of the retail cost and will remit to NPS quarterly 50 percent of ongoing support service revenue thereof for NPS
support a set forth in Sections 2.3 (b) and 2.4 of this Agreement. . 

5.     PRODUCT WARRANTY, DISCLAIMER AND LIMITATION OF LIABILITY.  

        5.1    Products Warranty.    NPS warrants to Danka that The Product(s) provided hereunder will be free from defects in
materials and workmanship and will conform in all material respect to the NPS specifications and Danka Specifications for a period of one hundred twenty (120) days from the date of 

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delivery
thereof, provided The Product(s) in question have been used in accordance with ordinary industry practices and conditions. NPS represents and warrants to Danka that NPS has full and exclusive
right to grant all licenses and rights granted herein, that The Product(s) have not been published or disclosed under circumstances that have caused loss of copyright or trade secret status therein
and that The Product(s) do not infringe any copyright or other proprietary rights (including trade secrets) of any third party. NPS represents and warrants that no claim, regardless of whether
embodied in an action past or present, or infringement of any patent, copyright, trademark, or other intellectual property right, has been made or is pending against NPS or any entity from which NPS
has obtained such rights relative to The Product(s). NPS represents and warrants to Danka that The Product(s) delivered hereunder have been or shall be prepared by NPS with due diligence and the
required skill, that The Product(s) will function on the machines and with operating systems for which they are designed and will perform according to NPS specifications and Danka Specifications. 

        NPS
DOES NOT WARRANT THAT THE OPERATION OF THE PRODUCT(S) WILL BE UNINTERRUPTED OR ERROR FREE. NPS GRANTS NO OTHER WARRANTY, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION,
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. EXCEPT AS OTHERWISE STATED HEREIN, NPS EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE AND WARRANTIES OF PERFORMANCE, ANY WARRANTY THAT MIGHT OTHERWISE ARISE FROM COURSE OF DEALING OR USAGE OF TRADE, AND NO WARRANTY IS EITHER EXPRESS OR IMPLIED WITH RESPECT TO THE USE OF THE
PRODUCT(S). 

        5.2    Remedies.    In the event that the Product(s) do not comply with the warranty set out in Section 5.1 and if
such non-conforming Product(s) are returned to NPS within the stated warranty period by Danka freight prepaid, NPS will replace such non-conforming Product(s), within the timeframe set forth herein,
at no additional charge to Danka; the replaced Product(s) will be returned to Danka, freight prepaid. No restocking fees will be billed in such circumstances. 

        5.3    LIMITATION OF LIABILITY.    EXCEPT AS OTHERWISE PROVIDED IN SECTION 6, NEITHER PARTY SHALL IN ANY EVENT BE
LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATING TO THE SALE OR USE OF THE PRODUCTS, WHETHER OR NOT THE OTHER PARTY HAS ADVANCE NOTICE OF THE
POSSIBILITY OF SUCH DAMAGES INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF GOODWILL, WORK STOPPAGE, COMPUTER FAILURE OR MALFUNCTION, LOSS OF BUSINESS, LOSS OF BUSINESS OPPORTUNITY, LOSS OF DATA,
OR DAMAGE TO REPUTATION. NOTHING CONTAINED HEREIN SHALL BE CONSTRUED TO CREATE ANY RIGHTS WHATSOEVER, BY ANY PARTY HERETO TO ANY PERSON WHO IS NOT A PARTY HERETO, INCLUDING WITHOUT LIMITATION, ANY
LIABILITY TO ANY CUSTOMER OF ANY PARTY HERETO FOR LOSS OF DATA OR DAMAGE ARISING OUT OF THE USE OF THE PRODUCTS. IF EITHER PARTY BREACHES ANY PROVISION OF THIS AGREEMENT, SUCH PARTY'S SOLE AND
EXCLUSIVE MAXIMUM LIABILITY, WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE, SHALL BE THE REPLACEMENT OF THE PRODUCT(S) OR A FULL REFUND OF ALL PAYMENTS MADE FOR THE PRODUCTS PROVIDED HEREUNDER. 

6.     INDEMNIFICATION.  

        NPS shall indemnify, defend and hold harmless Danka, its parents, subsidiaries, affiliates, directors, officers, employees, agents, representatives and assigns,
against all claims, liabilities and expenses (including reasonable attorney fees and costs), to the extent, and only to the extent, that such claims, liabilities and expenses relate to or arise out of
any claim that the use by Danka of The Product(s) and/or the intellectual property associated with The Product(s) (a) infringes, misappropriates or otherwise 

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violates
the rights of any third party, including without limitation, any patent, copyright, trademark, trade secret or other intellectual property right; and/or (b) The Product(s) breach any
representation or warranty made by NPS. In case of a threatened claim and/or a final court awarded injunction enjoining Danka's use of The Product(s), NPS will either, at Danka's election (a) replace
The Product(s) with a non-infringing equivalent satisfactory to Danka; or (b) obtain a license for continued use of The Product(s) by Danka; or (c) modify The Product(s) so as to render them
non-infringing but still in conformity with all NPS specifications and Danka Specifications ; or (d) accept the return of infringing Product(s) and refund all Danka payments made to date for such
returned Product(s) plus the costs of shipping and handling. NPS further agrees to submit to personal jurisdiction in any forum in which Danka may be sued on any claim subject to indemnification. 

        THE
FOREGOING STATES THE ENTIRE LIABILITY OF SUPPLIER AND THE EXCLUSIVE REMEDY FOR DANKA RELATING TO INFRINGEMENT OR CLAIMS OF INFRINGEMENT OF ANY COPYRIGHT OR OTHER PROPRIETARY RIGHT BY
THE PRODUCTS. 

7.     PROPRIETARY INFORMATION AND NON-SOLICITATION  

        7.1    Protection of Proprietary Information.    The parties agree to conform to the terms of the Confidential
Information Agreement attached hereto as Exhibit C and made part of this Agreement. 

        7.2    Survival.    The covenants of the Confidential Information Agreement shall survive, and continue and be
maintained from the Effective Date hereof until two (2) years after termination or expiration of this Agreement. 

        7.3    Non-Solicitation of Employees.    Neither party will knowingly solicit employees from the other party for a
minimum six (6) month period after the termination or expiration of this Agreement. Neither party will knowingly hire an employee following such employees departure, termination or resignation from
the other party for a minimum period of six (6) months following such departure, termination or resignation. 

8.     MISCELLANEOUS.  

        8.1    Successors and Assigns.    The rights and obligations of either party shall not be transferred without the
prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. All obligations of the parties herein shall be binding upon their respective successors or
assigns. 

        8.2    Choice of Laws.    This Agreement shall be governed by, and its terms shall be construed in accordance with,
the laws of the State of Florida, USA. 

        8.3    Waiver.    No waiver or breach of any term or condition of this Agreement shall operate as a waiver of any
other breach of such term or condition, or of any other term or condition, nor shall any failure to
enforce any provisions hereunder operate as a waiver of such provision or any other provision hereunder. 

        8.4    Severability.    In case any one or more of the provisions contained in this Agreement shall for any reason be
held to be invalid, illegal or unenforceable in any respect, except in those instances where removal or elimination of such invalid, illegal, or unenforceable provision or provisions would result in a
failure of consideration under this Agreement, such invalidity, illegality or unenforceability shall not effect any other provision hereof, and this Agreement shall be construed as if such invalid,
illegal or unenforceable provisions had never been contained herein. 

        8.5    Notices.    All notices hereunder shall be in writing and shall be deemed to have been duly given if delivered
personally, one day after delivery to a nationally recognized overnight delivery 

9

 

service,
charges prepaid, three days after being sent by registered or certified mail, postage prepaid, to the parties at their respective addresses set forth above and: 

If to Danka,

Mr.
Mike Howard

Senior Vice President

Danka Office Imaging Company

11201 Danka Circle North

St. Petersburg, Fl 33716 

Copy
to:        General Counsel (same address) 

If to NPS,

Mr.
Peter O'Farrelly

Sales Director

Network Printing Solutions Limited

Ibex House

162-164 Arthur Road

London SW19 8AQ

England 

or
to such other address as any party shall have specified by notice to the other in accordance with this Section. 

        8.6    Headings.    Headings used in this Agreement are for the purpose of reference only and are not to be considered
in construction or interpretation of this Agreement. 

        8.7    Counterparts.    This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall be deemed one and the same instrument. 

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized representatives the
day and year first set forth above: 

	Network Printing Solutions Ltd.	 	Danka Office Imaging Company
	

Signature 1:	

 	
 	

Signature:	

 
	 	
	 	 	

	Printed Name:	Peter O'Farrelly
	 	Printed Name:	Michael K. Howard

	Title:	Sales Director
	 	Title:	SVP US Professional Services

	Date:	 	 	Date:	 
	 	
	 	 	

	

Signature 2:	

 	
 	

 	

 
	 	
	 	 	 
	Printed Name:	Peter Drysdale
	 	 	 
	Title:	 	 	 	 
	 	
	 	 	 
	Date:	 	 	 	 
	 	
	 	 	 

10

  

 
 

Exhibit A  
  

	1.
	Customized Software

Specifications for Danka

Version of JAS Print Solutions

 
	2.
	 Developed Software

Specifications for the "Danka

@ the Desktop Dashboard"

 
	3.
	 Danka @ the Desktop

Branding Specifications

11

 

Table of Contents  

	1.	Customized Software Specifications for Danka Version of JAS Print Solutions	 	13
	

2.	

Developed Software Specifications for the "Danka @ the Desktop Dashboard"	
 	

 
	

3.	

Danka @ the Desktop Branding Specifications	
 	

 

12

 

1.     Customized Software Specifications for Danka Version of JAS Print Solutions  

	1.
	NPS shall immediately resolve all known bugs and functionality deficits in JAS Print Solutions.

	a.
	NPS
will resolve all known and open issues related to the operation and functionality of the JAS Print product including but not limited to:

	b.
	The
JAS DRM screen has features that are not supported on the 9110, such as 3 Left and Z-folding.

	c.
	JAS
Print does not support tabloid paper size, A3 is the default and the application does not register the charges for a tabloid selection.

 

	2.
	NPS shall label the JAS Print product "Danka Print Manager".

	a.
	Danka
Print Manager will appear in the Title Bar of every window in the JAS Print suite. Additionally, Danka Print Manager (and provided graphic) will appear in the "About" dialog box.
Any splash screens shall refer to Danka Print Manager.

	b.
	All
JAS Print Control Stations delivered to Danka shall be labeled/branded as Danka Print Manager.

 

	3.
	NPS shall ensure that the JAS Print interface adheres to Windows visual/interface standards including the look and feel of the windows, Menu, Toolbar, and
Keyboard Shortcuts.

	a.
	Danka
requires that JAS Print Solutions conforms to the standard Microsoft Windows visual standard. This includes a standard menu bar across the top of each window that adheres to
Microsoft standards (starts with the "File" menu on the left and ends with the "Help" menu on the right). Each menu item should have pull down options for commands.

	b.
	Danka
requires a standard toolbar with icons for commands, standard ctrl-"x" keyboard shortcuts for high usage commands, and the use of toolbar buttons where appropriate (e.g. new
user, refresh).

	c.
	Danka
requires a standard Windows wizard-based installation. The wizard should contain options for Typical, Complete, or Custom installation and allow for the selection of an
installation directory. The wizard should have an option to install all of the resources for an NT installation, or all of the resources for a Novell installation. There should also be the ability to
select Custom to install individual applications like the 9110 or Control Station modules. There should be an assisted install that queries the user on the network configuration and JAS Functionality
and installs the appropriate products.

	d.
	The
Microsoft Windows visual standards have been attached as an addendum to this document. NPS should use this set of information as a reference and adhere as closely as possible to
the guidelines as stated by Microsoft.

 

	4.
	NPS shall redesign the Danka Print Manager Application User Interface.

	a.
	NPS
shall integrate the various modules of JAS Print into a single Windows application. The Danka Print Manager will be accessed through a single icon on the user desktop and/or Start
Menu. The Danka Print Manager application will then provide access to the various sub-modules currently included in JAS Print Solutions. Danka and NPS will jointly develop the best practice to
accomplish this task, which may include the use of a Window with tabs for each function, or a task bar that contains controls to launch the sub functions of JAS. 

13

 

	5.
	NPS shall include the addition of Danka Asset Management features.

	a.
	NPS
shall add the features and functionality required to support Asset Management. Asset Management information should be input in the JAS Device Administration tool. Information input
to the Asset Management fields will be accessible via standard JAS Print reports. Asset Management data entry fields will include:

	i.
	Asset
number

	ii.
	Serial
number

	iii.
	Asset
type

	iv.
	Manufacturer

	v.
	Model

	vi.
	Accessories

	vii.
	Asset
description

	viii.
	Asset
location

	ix.
	Asset
cost

	x.
	Lease
term

	xi.
	Asset
depreciation rate

	xii.
	Installation
date

	xiii.
	Estimated
asset removal date

	xiv.
	Asset
trade-in value (calculated field)

	xv.
	Annual
maintenance costs

	xvi.
	Toner
cost

	xvii.
	Developer
cost

	xviii.
	Drum
cost

	xix.
	Other
supply cost

	xx.
	Assigned
monthly volume

 

	6.
	NPS shall provide the ability to customize pricing by groups and device.

	a.
	Danka
requires the ability to independently control charges (allocate costs) by different groups and devices based on independent criteria.

 

	7.
	NPS shall provide the ability to create custom Media sizes and types.

	a.
	Danka
requires the ability to select the appropriate paper size and media type for the job. The ability to assign a cost for multiple paper sizes (beyond those currently included) must
be addressed. Danka requires the ability to create a type, such as letterhead, transparency, or card stock to charge the user the appropriate amount for the paper size and media used.

 

	8.
	NPS shall provide the ability to override the JAS Control Station II.

	a.
	Danka
requires the ability to override the Control Station using a mechanical switch (physical key) if the Control Station or JAS Print server fails. 

14

 

	9.
	NPS shall provide the functionality to track all new desktop printer installations automatically.

	a.
	Danka
requires the ability to pick up all new desktop printer installations (LPT1 and LPR) from JAS Tracker and have the devices automatically added to the desktop tracking
functionality.

 

	10.
	NPS shall include functionality for a customizable .ini file for saving user preferences.

	a.
	Danka
requires the ability to save configuration information specific to the customer in an .ini file. This includes pop-up messages for JAS Tracker, additional paper types, units of
measure (letter vs. A-4) and display names for fields.

 

	11.
	NPS shall provide standard templates (pricing files) for equipment/cost models.

	a.
	Danka
requires a set of templates/pre-populated pricing and configuration files that have information regarding the cost/configuration model for each device. This will enable Danka to
add multiple devices of the same type without having to create a separate device (under Add Device) for each.

 

	12.
	NPS shall provide functionality for an Installation Wizard that performs the setup of print queues on server.

	a.
	The
Wizard will create the new ports and shift the printers over automatically for both initial installation and subsequent printer additions.

 

	13.
	NPS shall improve the functionality related to adding users to the JAS Print User Administration module including ability to cleanly import users from the
domain.

	a.
	Danka
requires the ability to import users from the domain without incorrectly importing machines and administrative entities.

 

	14.
	NPS shall provide an error/event log file at the server level showing and recording all errors.

	a.
	Danka
requires a viewable log for displaying all of the errors associated with the software over a period of time. The log file should have the ability to be enabled/disabled.

 

	15.
	NPS shall include functionality to interface with various vending solutions (e.g. Diebold).

	a.
	Danka
requires the ability to integrate into existing cash/debit environments.

 

	16.
	NPS shall Danka brand all report templates.

	a.
	Danka
requires that the reports be in a standardized Danka format (to be provided by Danka).

 

	17.
	NPS shall make all JAS Print reports web enabled.

	a.
	Danka
requires the ability to generate web based (HTML or asp) reports.

 

	18.
	NPS shall provide accurate and detailed documentation.

	a.
	NPS
shall substantially improve the JAS Print documentation and make specific changes in accordance to the Danka Print Manager specifications. Key JAS Print functions should be
separated out into distinct documents or sections. The instruction manuals should be structured in the order required for a correct installation and the commands should be accurate and up to date for
each platform.

	b.
	Danka
requires current and accurate manuals for Administrators and Users as separate guides. This would allow the relevant information sources to be available to the appropriate JAS
customers. A list of Frequently Asked Questions (FAQ) in the Appendix would also be extremely useful for answering common problems. 

15

 

	c.
	Documentation
for distributing and installing JAS Tracker.exe over a network and into customer profiles shall be included in the documentation.

	d.
	Documentation
is required regarding the support for Novell NetWare and Apple Macintosh environment installations.

	e.
	Release
notes and known issues shall be included with each release of the Danka Print Manager product.

 

	19.
	NPS shall provide a help tool that has an index and searchable text.

	a.
	Danka
requires a help option that has an index option and a searchable text input field. The help file should be in standard Microsoft Windows Help file format. 

16

 

 
 

EXHIBIT B    
    

	Product Description
	 	Also Includes
	 	Vendor Price
	 	Mark up
	 	NPS CD

Part No.

	DPM Print Lite V3.0	 	Auditing of 20 non concurrent users	 	 	 	 	 	Mark up

of 40%	 	 
	Small Business/ Departmental Auditing	 	Auditing of 10 print devices	 	 	 	 	 	 	 	 
	 	 	Auditing of 2 Multifunction Print Devices	 	 	 	 	 	 	 	 
	 	 	DPM Reports	 	 	 	 	 	 	 	 
	Includes Domain authentication	 	DPM Roam *	 	 	 	 	 	 	 	NPS2008A
	 	*Requires DPM Control Stations	 	DPM Copy *	 	$	895.00	 	$	1,490.00	 	 
	 	 	DPM AutoClient Pop up	 	 	 	 	 	 	 	 
	

DPM Single Server Edition	
 	

DPM Auditing Server	
 	
 	

 	
 	
 	

Mark up

of 50%	
 	

 
	Version 3.0	 	DPM Device Administrator	 	 	 	 	 	 	 	 
	 	 	DPM Reports	 	 	 	 	 	 	 	 
	 	 	DPM AutoClient Pop up	 	 	 	 	 	 	 	 
	 	 	DPM SNMP Manager	 	 	 	 	 	 	 	 
	 	 	DPM Roam*	 	 	 	 	 	 	 	 
	 	 	DPM Copy *	 	 	 	 	 	 	 	 
	 	*Requires DPM Control Stations	 	DPM Cashier	 	$	3,500.00	 	$	7,000.00	 	 
	

DPM Enterprise Edition	
 	

DPM Auditing Server	
 	
 	

 	
 	
 	

Mark up

of 50%	
 	

 
	Version 3.0	 	DPM Device Administrator	 	 	 	 	 	 	 	 
	 	 	DPM Reports	 	 	 	 	 	 	 	 
	 	 	DPM AutoClient Pop up	 	 	 	 	 	 	 	 
	 	 	DPM SNMP Manager	 	 	 	 	 	 	 	 
	 	 	DPM Roam*	 	 	 	 	 	 	 	 
	 	 	DPM Copy *	 	 	 	 	 	 	 	 
	 	*Requires DPM Control Stations	 	DPM Cashier	 	$	5,000.00	 	$	10,000.00	 	 
	

Additional Print Servers	
 	

Price per print server	
 	
$	

1,500.00	
 	
$	

2,500.00	
 	

 
	 	 	Contact NPS for concessions

on volume purchases	 	 	 	 	 	 	 	 
	

DPM Control Station Hardware	
 	

Swipe Card,Copier Interface Cable, Network Connectivity	
 	
$	

795.00	
 	
$	

1,325.00	
 	

NPS120013C
	 	

Additional Card Readers	
 	

HID Proximity Card Reader Support	
 	
$	

150.00	
 	
$	

250.00	
 	

 
	 	 	Note: 6 week delivery time on HID card readers	 	 	 	 	 	 	 	 
	

DRM (Document Rip Manager)	
 	

DigiMaster 9110	
 	
$	

2,600.00	
 	
$	

4,333.00	
 	

NPS20017C
	

DRM Desk Top(Must Purchase JASPrint)	
 	

1 to 50	
 	
$	

695.00	
 	
$	

1,158.00	
 	

NPS120015C
	(1 seat = 1PC with Local Printer)	 	 	 	 	 	 	 	 	 	 
	Supports Parrallel & USB	 	Site Licence	 	 	Contact NPS	 	 	 	 	 
	

DRM Annual Maintenance	
 	

Price is equal to 10% of

total purchase Price	
 	
 	

Minimum of

$250.00	
 	
 	

 	
 	

NPS120022C
	

DRM Customization	
 	

Price on Application w/a

maximum of 15% uplift	
 	
 	

Price per job	
 	
 	

 	
 	

NPS120023C
	

Freight Charge	
 	

Price on Application	
 	
 	

 	
 	
 	

 	
 	

NPS120024C

Pricing Notification:

The above pricing is for the first quarter of 2003 only. All pricing will be reviewed at the end of the first quarter of 2003.  

Pricing Notification:

The above pricing is for the first quarter of 2003 only. All pricing will be reviewed at the end of the first quarter of 2003. Pricing principles will include a 40 % discount from street price as we
achieve street price knowledge and experience. 

17

  

 
 

EXHIBIT C    
    
    Confidential Information Agreement    
    

        Agreement made between Danka Office Imaging Company including its Affiliates and subsidiaries, with principal office at 11201 Danka Circle North St. Petersburg,
Fl 33716 and Network Printing Solutions Limited, including its affiliates and subsidiaries, whose principle address is at Ibex House, 162-164 Arthur Road Wimbledon Park London SW19 8AQ, England. In
connection with this software and development agreement, each party intends to disclose certain confidential information to the other party. The purpose of such disclosure is to enable each party (i)
to evaluate the proposed business relationship and (ii) to conduct any ensuing business arrangement that is actually conducted by the parties without the benefit of a further agreement governing the
treatment of confidential information. 

        In
consideration of each party making such confidential information available to the other party, the parties hereby agree as follows: 

        1.    Definitions.    The following terms shall be defined as follows: 

        a)    "Owner"
shall mean the party disclosing Proprietary Information (as hereinafter defined) or from whom Proprietary Information was obtained. 

        b)    "Recipient"
shall mean the party receiving the Proprietary Information. 

        c)     "Proprietary
Information" shall mean any and all technical, trade secret or business information including, without limitation, financial information, business or
marketing strategies or plans, product development, or customer information of the Owner, which is disclosed to the Recipient or is otherwise obtained by the Recipient from the Owner, its affiliates,
agents or representatives during the term of the Agreement. With respect to Network Printing Solutions, this information specifically relates to the Job Auditing Server (JAS) product, including its
features, capacities, performance, target markets,
target market requirements, customers, distribution and support sources, future product strategies, and any other information related thereto. 

        d)    "Affiliates"
shall mean any incorporated or non-incorporated entity, including partnershipsand joint ventures, in which Danka and NPS , directly or indirectly, has more
than a 5% ownership interest. 

        2.    Duty not to Disclose.    The Recipient acknowledges and understands that the Proprietary Information is
confidential and proprietary, and is of great value and importance to the success of the Owner's business. The Recipient agrees to use its best efforts (the same being not less than that employed to
protect its own proprietary information of a similar type) to safeguard the Proprietary Information and to prevent the unauthorized, negligent or inadvertent disclosure thereof. The Recipient shall
not, without the prior written approval of an officer of the Owner, directly or indirectly, disclose the Proprietary Information to any person or business entity except for a limited number of
employees on a need-to-know basis. The Recipient shall promptly notify the Owner in writing of any unauthorized, negligent or inadvertent disclosure of Proprietary Information of the Owner. The
Recipient shall be liable under this agreement to the Owner for any disclosure in violation of this Confidentiality Agreement by it or its Affiliates' employees or agents. 

        3.    Duty to Return.    The Recipient shall, upon completion or other termination of discussions with respect to the
Proprietary Information, or upon termination of this agreement, or upon demand by the Owner, whichever is earlier, promptly: (a) return to the Owner any and all Proprietary Information in tangible
form together with all copies or reproductions thereof whether kept on digital or any other media what's so ever , electronic or other ; and (b) destroy any notes, memoranda or other documents or
media concerning the Proprietary Information and provide a certificate from an officer of Recipient certifying to Owner that such items have been destroyed. 

18

 

        4.    Remedies.    The Recipient acknowledges and understands that the use or disclosure of the Proprietary
Information in any manner inconsistent with this agreement will cause the Owner irreparable damage. The Owner shall have the right to (a) equitable and injunctive relief to prevent such unauthorized,
negligent or inadvertent use or disclosure; and (b) recover the amount of all such damage (including legal fees and expenses) to the Owner in connection with such use or disclosure. In the event that
any court of competent jurisdiction determines that any provision of this agreement is too broad to enforce as written, such court is authorized and directed to construe, modify or reform such
provision to the extent reasonable necessary to make such provision enforceable. Nothing in this agreement shall be construed to prohibit any party from pursuing any other available remedies for
breach or threatened breach of this agreement, including the recovery of damages. No failure or delay by any party in exercising any right, power or privilege under this Confidentiality Agreement
shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude the exercise of any other right, power or privilege hereunder. 

        5.    Exclusions.    Recipient shall not have any obligations under this agreement with respect to any information
that is: (a) already known to Recipient or its affiliates at the time of the disclosure; (b) publicly known at the time of the disclosure or becomes publicly known through no wrongful act or failure
of Recipient; ( c) subsequently disclosed to Recipient or its affiliates on a non-confidential basis by a third party not having a confidential relationship with Owner which rightfully acquired such
information; (d) communicated to a third party by Recipient with the express written consent of Owner; (e) independently developed by the Recipient or its affiliates; or (f) legally compelled to be
disclosed pursuant to a subpoena, summons, order or other judicial or governmental process,provided Recipient provides prompt notice of any such subpoena, order, etc. to Owner so that Owner will have
the opportunity to obtain a protective order. 

        6.    Termination.    This Agreement shall have a term of one year unless extended by mutual agreement or terminated
pursuant to the succeeding sentence. Either party may terminate this agreement by giving the other party ten (10) business days written notice. The rights and obligations of the parties hereunder with
respect to any Proprietary Information disclosed or obtained prior to termination shall survive any termination of this Confidentiality Agreement or any return of Proprietary Information under Section
4 for a period of three (3) years. 

        7.    General.    The Owner is not making any representation or warranty, expressed or implied, as to the accuracy or
completeness of any Proprietary Information nor shall the Owner have any liability to the Recipient or to any other person resulting from the Recipient's use of the Proprietary Information. Neither
party shall be bound with regard to any transaction being discussed by the parties unless and until a definite written agreement is executed by both parties. The provisions of this agreement shall be
binding upon each party's successors and assigns and shall be governed by and construed in accordance with the laws of England, excluding its conflict of laws provisions. 

19

 
 
 

Exhibit D:
  JAS Traffic Cop Lite    
    

Introduction to Traffic Cop Lite:  

Would you like to run your printers more efficiently??  

Would you like to prevent large print applications being submitted to desk top printers??  

JAS Traffic Cop can help!  

        JAS Traffic Cop Lite from Network Printing Solutions is a revolutionary integrated print management system, giving the network administrator the ability to manage
print traffic to individual network printers allowing the ability to maximize printer efficiency. 

        JAS
Traffic Cop Lite gives the network administrator the option to configure a specific printer allowing it to have specific rules or conditions associated to it. The user will be
informed by a pop up screen if they have sent a job to print that exceeds or is outside of the specific rule. The popup also contains a message indicating an alternative printer, which the user can
resend the application to, upon receipt and acceptance of this message the original application submitted shall be deleted. 

User
Notification 

        In
the Event of an end user submitting a print application to a specific printer where the application exceeds the maximum number of pages allowed to be printed to that device,
JASTraffic Cop will notify the end user via a pop up message service that they can not print that size of application on that specific device. 

        The
message the end user receives Includes: 

	•
	File
name submitted,

	•
	End
user details,

	•
	Number
of pages sent to print

	•
	Printer
name

	•
	Alternative
print devices including detailed information such as costs

	•
	Over
Ride Option Password entry ( individual over ride option ids controlled by the administrator) 

        JAS
Traffic Cop Lite the benefits 

	•
	Automated
control of network printing

	•
	Ability
to monitor and track printer activity

	•
	Effective
and efficient cost control (cost saving on consumables)

	•
	Management
of centralized and decentralized print distribution

	•
	Maximizes
usage of high volume print devices

	•
	No
host loading, installed as a standard Windows NT print device

	•
	Compatible
to a wide range of network printers and PDLs

	•
	Easily
installed, supported and managed 

20

 

Introduction:  

        There is a current demand for JAS Traffic Cop Lite which would give the print administrator the ability to set certain restriction rules for each shared  Network
attached printer defined on the Windows NT print server. The unique part about JAS Traffic Cop Lite is that it is a dedicated product
specifically concentrating on managing print devices more efficiently. JAS Traffic Cop Lite does not include any form of auditing or logging of print activity generated by the user. 

        JAS
Traffic Cop includes additional administrator rules, which can be implemented such as media size, page color, department budget. 

JAS Traffic Cop Server Based:  

        JAS Traffic Cop Lite operating system resides on a NT or Windows 2000 professional server, while utilizing a special NPS port monitor, the JAS Traffic Cop utility
is consistently monitoring the spool area for any incoming jobs placed there by the user. JAS Traffic Cop Lite monitors print applications and if the job falls within a certain rule, the job is
submitted to the actual print device. If it falls outside a specific rule quota, then the job is deleted and a notification message is sent to the user of the rejected job. 

Page Allocation:  

        JAS Traffic Cop Lite gives the administrator the option to set the maximum number of pages in a print job which can be accepted and printed by a specific printer.
The maximum number of pages can be set using the JAS Traffic Cop configuration dialog, this dialog also includes the location and description of the print device. 

Minimum Requirements;  

        At the Server: 

        JAS
Traffic Cop Lite can be installed on: 

	•
	Windows
NT 3.51 and above

	•
	Windows
2000 Professional

	•
	Windows
2000 Server and Advanced Server 

        At
the Client (Pop Up Notification) 

        JAS
Traffic Cop pop up screen will support the following Clients; 

	•
	Windows
NT 3.51 and above

	•
	Windows
NT work Station

	•
	Windows
2000 Professional

	•
	Windows
2000 Server and Advanced Server

	•
	Windows
98 

        Design
Considerations 

	•
	Multiple
print-servers are supported (one license per machine)

	•
	Multiple
clients are supported (one NPS Client per machine)

	•
	Any
client may have more than one call in progress with the NPSRules component at a time and each such call will be in a distinct thread of the DLL's main process 

21

 

        Exclusions
and Constraints 

	•
	The
system is not intended to work through firewalls or other such network obstructions

	•
	The
system is not guaranteed to work across domain boundaries

	•
	Windows
9x machines will have to launch the NPSClient component at start-up

	•
	

JAS
Traffic Cop Lite Print Processor 

        Upon
receipt of a print job, it will extract various information that the NPSRules component and will use in deciding whether or not to approve the job. This information is to be as
follows:- 

	Attribute
 
	 	Notes

	Page Count	 	Total pages to print
	Sheet Count	 	Total sheets to be output (depends on page-count & duplex mode)
	Username	 	Qualified username for job originator (eg. "pc1 user2")
	Client Name	 	Machine name for job originator (eg. "pc1")
	Printer Name	 	Windows share name for printer (eg. "prn123")
	Server Name	 	Machine name of print-server (eg. "prnsrv1")
	Document Name	 	Title of the document being printed (eg. "Report.doc")
	Paper Size	 	Paper Size (A4, A3, etc.)
	Media Type	 	Media Type (glossy, standard, etc.)
	Mono/Color	 	FALSE = Mono, TRUE = Color
	Duplex	 	FALSE = Single, TRUE = Double

        "Jobs
are logged" 

	•
	A
simple log is to be maintained that summarizes each print-job (whether or not it is printed)

	•
	Log
entries have no relationship with other entities in the database to simplify deletions and updates at a later date

	•
	The
log will contain:—

	•
	User
details (machine and account)

	•
	Printer
details (server and printer)

	•
	Attributes
(as received from DLL)

	•
	Outcome
(approved or declined, with or without user-intervention)

	•
	Cost
(based on page-count and paper-size/media type/printer combination) 

A.1    Administrator requirements  

        This manual assumes familiarity on the part of the reader with networking, general use of Windows and Windows NT, and a basic level of Windows NT network
administration. 

        Note:
This manual is not intended for the end users of JAS Print Solutions, the software is essentially transparent to the end user, and as such, no comprehensive end user manual is
provided or needed. 

22

 
 
 

Exhibit E:
  NPS Submit    
    

        NPS Submit provides all end user/PC's on a common network the ability to print applications at one central point known more commonly known as a print room or
print center. By utilizing a company's computer network this allows the administrator to very easily set up an efficient print center, which will cater for all users print requirements. By installing
NPS Submit through out the entire organization can make this print center and company print strategy run more efficiently with significant cost savings. 

        NPS
Submit is the ideal solution for the medium to large sized company, which uses its own internal copy shop or print center. NPS Submit gives all of the company's users access to all
of the print centers printers and copiers, but only needs to have one print driver installed on their local PC. 

        NPS
Submit enables the Print Center manager to closely monitor all print activity allowing the manger to efficiently handle work load balancing and print processing. 

        NPS
Submit delivers easy access to Centralized printing 

	•
	NPS
Submit is the first step to making your company print more 

        efficiently 

	•
	NPS
Submit generates a good document and workflow strategy

	•
	NPS
Submit maximizes the use of a print center and its equipment

	•
	NPS
Submit assists in purchasing the right print equipment

	•
	NPS
Submit the new client based PDF generator software

	•
	The
end user can generate a ticket with every job printed

	•
	The
document is automatically converted in to PDF and sent to print at the print centre

	•
	The
print center operator can access the document and ticket options.

	•
	The
document is then submitted to print by the operator and is printed on a device that matches the users ticket criteria.

	•
	By
using the NPS Submit Operators can maximize their time, making the print room and print devices operate more efficiently. 

Benefits of NPS Submit  

	•
	NPS
Submit allows a print center to run more efficiently

	•
	Using
a combination of NPS Submit and JAS print significantly reduces company printing costs

	•
	Printing
costs can be recovered by user, department, cost center, client

	•
	NPS
Submit can convert a cost center into a profitable print center

	•
	Operators
work more efficiently and can plan print runs

	•
	Senior
management can:

	•
	Track
all print jobs

	•
	Track
all media and finishing options used

	•
	Track
print jobs by user department client etc 

23

 

	•
	Track
all print jobs by device (color or black and white)

	•
	NPS
Submit can run with NPS's flag ship product JAS Print Solutions which allows the administrator to audit and bill back all documents submitted to print at the print
center. 

Generating the NPS Submit Job Ticket:  

	•
	The
NPS Submit Client software resides on a PC running a Microsoft windows operating system. The Client software consists of a management program and a digital ticket
generation facility, the job ticket is automatically generated when the user sends a document to print. When a user submits a document to print using the standard file and print options a print ticket
is automatically generated. All print jobs created arrive in the print room with a job ticket and are in a PDF format 

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QuickLinks

SOFTWARE CUSTOMIZATION AND DEVELOPMENT AGREEMENT

RECITALS

Exhibit A

EXHIBIT B

EXHIBIT C Confidential Information Agreement

Exhibit D: JAS Traffic Cop Lite

Exhibit E: NPS Submit

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}]]