Document:

Exhibit 10.1
    

    
      EXECUTION VERSION
    

    

    

    
      AMENDMENT NO. 5 AND RESTATEMENT
    

    
      This AMENDMENT NO. 5 AND RESTATEMENT, dated as of April 16, 2009 (“Amendment
      No. 5”), is entered into by and among DAYTON SUPERIOR CORPORATION, a
      Delaware corporation (the “Borrower”), the persons
      designated as “Lenders” on the signature pages hereto (the “Lenders”),
      GENERAL ELECTRIC CAPITAL CORPORATION (“GE Capital”), a
      Delaware corporation, as administrative agent (in such capacity,
      together with its successors and assigns (including pursuant to the
      assignment effected hereby), the “Administrative Agent”),
      and Silver Point Finance, LLC, individually, as New Administrative Agent
      (as defined below) and Primary Administrative Agent (as defined in the
      amendment and restatement of the Original Credit Agreement referred to
      below).
    

    
      WHEREAS, the Borrower, the other Loan Parties, the Lenders and GE
      Capital, as administrative agent and as collateral agent, are party to
      the Term Loan Credit Agreement dated as of March 3, 2008 (as amended by
      Amendment No. 1, dated as of June 4, 2008, Amendment No. 2, dated as of
      March 16, 2009, Amendment No. 3, dated as of March 23, 2009, and
      Amendment No. 4, dated as of April 9, 2009, the “Original
      Credit Agreement”); and
    

    
      WHEREAS, the Borrower and the other Loan Parties are party to the
      Guaranty and Security Agreement dated as of March 3, 2008 (the “Original
      Security Agreement”), in favor of GE Capital, as administrative
      agent and collateral agent; and
    

    
      WHEREAS, the Lenders wish to amend and restate the Original Credit
      Agreement and the Original Security Agreement  in the manner set forth
      below; and
    

    
      WHEREAS, the Required Lenders have requested pursuant to Section 10.9(a)
      of the Original Credit Agreement that GE Capital resign as
      Administrative Agent effective upon the effectiveness of such amendment
      and restatement;
    

    
      WHEREAS, GE Capital is willing to resign as Administrative Agent
      effective upon the effectiveness of such amendment and restatement;
    

    
      WHEREAS, the Required Lenders hereby wish to appoint Silver Point
      Finance, LLC (in such capacity, the “New Administrative Agent”)
      as the successor administrative agent pursuant to Section 10.9(a) of the
      Original Credit Agreement effective upon the effectiveness of such
      amendment and restatement and the New Administrative Agent effective
      upon the effectiveness of such amendment and restatement wishes to
      accept such appointment; and
    

    
      WHEREAS, the Borrower is willing to amend and restate the Original
      Credit Agreement and the Original Security Agreement as provided herein.
    

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

    
      SECTION 1.
AMENDMENT AND RESTATEMENT
    

    
      Subject to the satisfaction of the condition to effectiveness referred
      to in Section 2 below, (i) the Original Credit Agreement is
      hereby amended and restated in its entirety as the document attached
      hereto as Annex A (the “Amended and Restated Credit Agreement”;
      all capitalized terms defined in the Amended and Restated Credit
      Agreement and not otherwise defined herein to have the meanings assigned
      thereto in the Amended and Restated Credit Agreement), and (ii) the
      Original Security Agreement is hereby amended and restated in its
      entirety as the document attached hereto as Annex B (the “Amended
      and Restated Security Agreement”).  The amendment and restatement of
      the Original Credit Agreement does not serve to effect a novation of the
      “Obligations” under (and as such term is defined in) the Original Credit
      Agreement and does not extinguish the outstanding Obligations; rather it
      is meant to, and the parties hereby do, reaffirm such Obligations as
      amended hereby. The amendment and restatement of the Original Security
      Agreement is not intended to, and shall not, affect the continuing
      security interests granted thereunder, each of which continues without
      interruption notwithstanding such amendment and restatement. Effective
      upon the effectiveness of such amendment and restatement of the Original
      Credit Agreement (i) GE Capital hereby resigns as Administrative Agent
      with the effect provided in Section 10.9(b) of the Amended and Restated
      Credit Agreement, including, without limitation, the continuation of the
      benefits of the Loan Documents in its capacity as Administrative Agent
      for actions taken or omitted to be taken while GE Capital was, or
      because such Administrative Agent was validly acting as Administrative
      Agent under the Loan Documents, (ii) the Required Lenders hereby appoint
      the New Administrative Agent and consent to the resignation of GE
      Capital as Administrative Agent with the effect provided in Section
      10.9(b) of the Amended and Restated Credit Agreement, and (iii) the New
      Administrative Agent hereby accepts such appointment and assumes from
      and after such effectiveness, all rights, duties and obligations of the
      Administrative Agent.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      SECTION 2.
CONDITIONS TO EFFECTIVENESS
    

    
      This Amendment No. 5 shall be effective as of April 16, 2009 (the “Amendment
      No. 5 Effective Date”) subject to and upon satisfaction on or prior
      to such date of the following condition: receipt by the Administrative
      Agent of one or more counterparts of this Amendment No. 5 executed and
      delivered by the Borrower, the Administrative Agent and the Lenders.
    

    
      SECTION 3.
LIMITATION ON SCOPE
    

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

    
      SECTION 4.
MISCELLANEOUS
    

    
      (a)                    The Borrower hereby represents and warrants that
      (i) this Amendment No. 5 has been duly authorized and executed by it,
      and each of the Amended and Restated Credit Agreement, constituting the
      Original Credit Agreement as amended and restated by this Amendment No.
      5, and the Amended and Restated Security Agreement, constituting the
      Original Security Agreement as amended and restated by this Amendment
      No. 5, is its legal, valid and binding obligation, enforceable in
      accordance with its terms, except as such enforceability may be limited
      by applicable bankruptcy, moratorium and similar laws affecting the
      rights of creditors in general; and (ii) this Amendment No. 5 is being
      delivered in the State of New York.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      (b)                    The Borrower hereby (i) ratifies and confirms the
      Amended and Restated Credit Agreement, constituting the Original Credit
      Agreement as amended and restated hereby, and the Amended and Restated
      Security Agreement, constituting the Original Security Agreement as
      amended and restated hereby, and (ii) agrees that each of the Amended
      and Restated Credit Agreement, constituting the Original Credit
      Agreement as amended and restated hereby, and the Amended and Restated
      Security Agreement, constituting the Original Security Agreement as
      amended and restated hereby, is and remains in full force and effect.
    

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

    
      (d)                    [Intentionally omitted]
    

    
      (e)                    The Borrower agrees that all Loan Documents
      remain in full force and effect notwithstanding the execution and
      delivery of this Amendment No. 5.
    

    
      (f)                    This Amendment No. 5 may be executed by the
      parties hereto in separate counterparts, each of which when so executed
      and delivered shall be deemed an original, but all of which counterparts
      together shall constitute but one and the same instrument.
    

    
      (g)                    All references in the Loan Documents (i) to the
      “Credit Agreement” and in the Original Credit Agreement as amended and
      restated hereby to “this Agreement,” “hereof,” “herein” or the like
      shall mean and refer to the Amended and Restated Credit Agreement,
      constituting the Original Credit Agreement as amended and restated by
      this Amendment No. 5 (as well as modified by all subsequent amendments,
      restatements, modifications and supplements thereto), and (ii) to the
      “Guaranty and Security Agreement” and in the Original Security Agreement
      as amended and restated hereby to “this Guaranty,” “hereof,” “herein” or
      the like shall mean and refer to the Amended and Restated Security
      Agreement, constituting the Original Security Agreement as amended and
      restated by this Amendment No. 5 (as well as modified by all subsequent
      amendments, restatements, modifications and supplements
      thereto).  Immediately after giving effect to this Amendment No. 5, all
      references in this Amendment No. 5, the Credit Agreement and the other
      Loan Documents to the “Administrative Agent” and “Primary Administrative
      Agent”, and all references in the Intercreditor Agreement to the “Term
      Loan Agent”, shall mean and refer to the New Administrative Agent and
      its successors and assigns.
    

    
      (h)                    Each of the following provisions of the Amended
      and Restated Credit Agreement is hereby incorporated herein by this
      reference with the same effect as though set forth in its entirety
      herein, mutatis mutandis, and as if “this Agreement” in any such
      provision read “this Amendment No. 5”: Section 11.11
      (Notices), Section 11.13 (Governing Law), Section 11.14
      (Jurisdiction), Section 11.15 (Waiver of Jury Trial), Section
      11.16 (Severability) and Section 11.18 (Entire Agreement).
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      (i)                    Borrower confirms its obligation under Section
      11.3 of the Credit Agreement to reimburse all reasonable costs, fees
      and expenses of an independent financial consultant selected by the
      Administrative Agent and the Revolving Credit Administrative Agent (as
      retained by independent counsel to the Administrative Agent and the
      Revolving Credit Administrative Agent); provided, that the
      Required Lenders may, in their sole discretion, on behalf of the
      Lenders, select an independent financial consultant to the Lenders to be
      retained by one or more of the Lenders or counsel to one of more of the
      Lenders, in any case, as determined by the Required Lenders, and
      notwithstanding anything in Section 11 of the Credit Agreement to
      the contrary, Borrower shall reimburse all reasonable costs, fees and
      expenses of such financial consultant, and Administrative Agent shall
      not be entitled to reimbursement by Borrower for the costs or expenses
      of a separate financial consultant to Administrative Agent, in its
      capacity as such.
    

    
      SECTION 5.
RELEASE
    

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

    
      [signature pages follow]
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

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

    
    	
           
        	
          BORROWER:
        
	

        	

        	
           
        	

        
	

        	
          DAYTON SUPERIOR CORPORATION, a Delaware corporation, as
          Borrower and as Grantor
        
	

        	
          
            By:
          

        	

        	
          
            /s/ Edward J. Puisis
          

        
	

        	
          
            Name:
          

        	

        	
          
            Edward J. Puisis
          

        
	

        	
          
            Title:
          

        	

        	
          
            Executive Vice President and CFO
          

        

    

    

    

    
      [SIGNATURE PAGE TO AMENDMENT NO. 5 TO TERM LOAN]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          LENDERS:
        	
           
        	

        
	

        	

        	

        	
           
        
	

        	
          GENERAL ELECTRIC CAPITAL CORPORATION, as Administrative
          Agent, Collateral Agent and a Lender
        
	

        	

        	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Michelle Handy
        
	

        	

        	

        	
          Name: Michelle Handy
        
	

        	

        	

        	
          Title: Its Duly Authorized Signatory
        

    

    
      [SIGNATURE PAGE TO AMENDMENT NO. 5 TO TERM LOAN]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
           
        	
          DK ACQUISITION PARTNERS, LP, as a Lender
        
	

        	

        	
          By: M.H. DAVIDSON & CO., its general partner
        
	

        	

        	
           
        
	

        	

        	
          By:
        	
           
        	
          
            /s/ Tony Yoseloff
          

        
	

        	

        	

        	

        	
          Name: Tony Yoseloff
        
	

        	

        	

        	

        	
          Title: General Partner
        

    

    
      [SIGNATURE PAGE TO AMENDMENT NO. 5 TO TERM LOAN]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          FIELD POINT III, LTD., as a Lender
        
	

        	

        	
           
        	

        
	

        	

        	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Michael A. Gatto
        
	

        	

        	

        	
          Name: Michael A. Gatto
        
	

        	

        	

        	
          Title: Authorized Signatory
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          FIELD POINT IV, LTD., as a Lender
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Michael A. Gatto
        
	

        	

        	

        	
          Name: Michael A. Gatto
        
	

        	

        	

        	
          Title: Authorized Signatory
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          GRAND CENTRAL ASSET TRUST, SIL SERIES, as a Lender
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Adam Kaiser
        
	

        	

        	

        	
          Name: Adam Kaiser
        
	

        	

        	

        	
          Title: Attorney-in-fact
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          SILVER POINT FINANCE, LLC, as the New Administrative Agent
          and as the Primary Administrative Agent
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Michael A. Gatto
        
	

        	

        	

        	
          Name: Michael A. Gatto
        
	

        	

        	

        	
          Title: Authorized Signatory
        

    

    
      [SIGNATURE PAGE TO AMENDMENT NO. 5 TO TERM LOAN]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Annex A
    

    

    

    
      Please see attached.
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Execution Copy
    

    

    

    
      $100,000,000
    

    
      AMENDED AND RESTATED
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      Dated as of March 3, 2008
    

    
      among
    

    
      DAYTON SUPERIOR CORPORATION, AS THE BORROWER
    

    
      THE LENDERS PARTY HERETO
    

    
      SILVER POINT FINANCE, LLC,
AS PRIMARY ADMINISTRATIVE AGENT
    

    
      and
    

    
      GENERAL ELECTRIC CAPITAL CORPORATION,
AS COLLATERAL AGENT
    

    
      ♦ ♦ ♦
    

    
      GE CAPITAL MARKETS, INC.,
AS SOLE LEAD ARRANGER AND BOOKRUNNER

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
          
            TABLE OF CONTENTS
          

        
	
           
        
	

        	
          
            Page
          

        
	
           
        
	
           
        
	
          ARTICLE 1 DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS
        	
          1
        
	
           
        
	
          Section 1.1 Defined Terms
        	
          1
        
	
           
        
	
          Section 1.2 UCC Terms
        	
          27
        
	
           
        
	
          Section 1.3 Accounting Terms and Principles
        	
          27
        
	
           
        
	
          Section 1.4 Payments
        	
          27
        
	
           
        
	
          Section 1.5 Interpretation
        	
          28
        
	
           
        
	
          ARTICLE 2 THE TERM LOAN FACILITY
        	
          29
        
	
           
        
	
          Section 2.1 The Commitments
        	
          29
        
	
           
        
	
          Section 2.2 Borrowing Procedures
        	
          29
        
	
           
        
	
          Section 2.3 Omitted
        	
          29
        
	
           
        
	
          Section 2.4 Omitted
        	
          29
        
	
           
        
	
          Section 2.5 Omitted
        	
          29
        
	
           
        
	
          Section 2.6 Repayment of Term Loans
        	
          29
        
	
           
        
	
          Section 2.7 Optional Prepayments
        	
          30
        
	
           
        
	
          Section 2.8 Mandatory Prepayments
        	
          30
        
	
           
        
	
          Section 2.9 Interest
        	
          31
        
	
           
        
	
          Section 2.10 Conversion and Continuation Options
        	
          32
        
	
           
        
	
          Section 2.11 Fees
        	
          32
        
	
           
        
	
          Section 2.12 Application of Payments
        	
          33
        
	
           
        
	
          Section 2.13 Payments and Computations
        	
          33
        
	
           
        
	
          Section 2.14 Evidence of Debt
        	
          34
        
	
           
        
	
          Section 2.15 Suspension of Eurodollar Rate Option
        	
          36
        
	
           
        
	
          Section 2.16 Breakage Costs; Increased Costs; Capital Requirements
        	
          36
        
	
           
        
	
          Section 2.17 Taxes
        	
          37
        
	
           
        
	
          Section 2.18 Substitution of Lenders
        	
          40
        
	
           
        
	
          Section 2.19 PIK Provisions
        	
          41
        
	
           
        
	
          ARTICLE 3 CONDITIONS TO THE TERM LOANS
        	
          41
        
	
           
        
	
          Section 3.1 Conditions Precedent to the Term Loans
        	
          41
        
	
           
        
	
          ARTICLE 4 REPRESENTATIONS AND WARRANTIES
        	
          44
        
	
           
        
	
          Section 4.1 Corporate Existence; Compliance with Law
        	
          44
        
	
           
        
	
          Section 4.2 Loan and Related Documents
        	
          44
        
	
           
        
	
          Section 4.3 Ownership of Group Members
        	
          45
        
	
           
        
	
          Section 4.4 Financial Statements
        	
          45
        
	
           
        
	
          Section 4.5 Material Adverse Effect
        	
          46
        
	
           
        
	
          Section 4.6 Solvency
        	
          46
        
	
           
        
	
          Section 4.7 Litigation
        	
          46
        
	
           
        
	
          Section 4.8 Taxes
        	
          46
        
	
           
        
	
          Section 4.9 Margin Regulations
        	
          47
        

    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          i
        

        
          

        

      

      
        

        

      

    

    

    

    
    	
          Section 4.10 No Defaults
        	
          47
        
	
           
        
	
          Section 4.11 Investment Company Act
        	
          47
        
	
           
        
	
          Section 4.12 Labor Matters
        	
          47
        
	
           
        
	
          Section 4.13 ERISA
        	
          47
        
	
           
        
	
          Section 4.14 Environmental Matters
        	
          48
        
	
           
        
	
          Section 4.15 Intellectual Property
        	
          48
        
	
           
        
	
          Section 4.16 Title; Real Property
        	
          49
        
	
           
        
	
          Section 4.17 Full Disclosure
        	
          49
        
	
           
        
	
          Section 4.18 Patriot Act
        	
          49
        
	
           
        
	
          ARTICLE 5 FINANCIAL COVENANTS
        	
          49
        
	
           
        
	
          Section 5.1 Maximum Consolidated Leverage Ratio
        	
          49
        
	
           
        
	
          Section 5.2 Minimum Consolidated Interest Coverage Ratio
        	
          50
        
	
           
        
	
          ARTICLE 6 REPORTING COVENANTS
        	
          51
        
	
           
        
	
          Section 6.1 Financial Statements
        	
          51
        
	
           
        
	
          Section 6.2 Other Events
        	
          53
        
	
           
        
	
          Section 6.3 Copies of Notices and Reports
        	
          53
        
	
           
        
	
          Section 6.4 Taxes
        	
          53
        
	
           
        
	
          Section 6.5 Labor Matters
        	
          54
        
	
           
        
	
          Section 6.6 ERISA Matters
        	
          54
        
	
           
        
	
          Section 6.7 Environmental Matters
        	
          54
        
	
           
        
	
          Section 6.8 Other Information
        	
          55
        
	
           
        
	
          Section 6.9 Additional Information
        	
          55
        
	
           
        
	
          Section 6.10 Additional Deliveries
        	
          55
        

    

    
    	
          ARTICLE 7 AFFIRMATIVE COVENANTS
        	
          55
        
	
           
        
	
          Section 7.1 Maintenance of Corporate Existence
        	
          56
        
	
           
        
	
          Section 7.2 Compliance with Laws, Etc.
        	
          56
        
	
           
        
	
          Section 7.3 Payment of Obligations
        	
          56
        
	
           
        
	
          Section 7.4 Maintenance of Property
        	
          56
        
	
           
        
	
          Section 7.5 Maintenance of Insurance
        	
          56
        
	
           
        
	
          Section 7.6 Keeping of Books
        	
          56
        
	
           
        
	
          Section 7.7 Access to Books and Property
        	
          56
        
	
           
        
	
          Section 7.8 Environmental
        	
          57
        
	
           
        
	
          Section 7.9 Use of Proceeds
        	
          57
        
	
           
        
	
          Section 7.10 Additional Collateral and Guaranties
        	
          57
        
	
           
        
	
          Section 7.11 Deposit Accounts; Securities Accounts and Cash
          Collateral Accounts
        	
          59
        
	
           
        
	
          Section 7.12 Credit Rating
        	
          59
        
	
           
        
	
          Section 7.13 Interest Rate Contracts
        	
          59
        
	
           
        
	
          ARTICLE 8 NEGATIVE COVENANTS
        	
          60
        
	
           
        
	
          Section 8.1 Indebtedness
        	
          60
        
	
           
        
	
          Section 8.2 Liens
        	
          61
        
	
           
        
	
          Section 8.3 Investments
        	
          62
        

    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          ii
        

        
          

        

      

      
        

        

      

    

    
    	
          Section 8.4 Asset Sales
        	
          63
        
	
           
        
	
          Section 8.5 Restricted Payments
        	
          64
        
	
           
        
	
          Section 8.6 Prepayment of Indebtedness
        	
          65
        
	
           
        
	
          Section 8.7 Fundamental Changes
        	
          66
        
	
           
        
	
          Section 8.8 Change in Nature of Business
        	
          66
        
	
           
        
	
          Section 8.9 Transactions with Affiliates
        	
          66
        
	
           
        
	
          Section 8.10 Third-Party Restrictions on Indebtedness, Liens,
          Investments or
        
	
          Restricted Payments
        	
          67
        
	
           
        
	
          Section 8.11 Modification of Certain Documents
        	
          67
        
	
           
        
	
          Section 8.12 Accounting Changes; Fiscal Year
        	
          68
        
	
           
        
	
          Section 8.13 Margin Regulations
        	
          68
        
	
           
        
	
          Section 8.14 Compliance with ERISA
        	
          68
        
	
           
        
	
          Section 8.15 Hazardous Materials
        	
          68
        
	
           
        
	
          Section 8.16 Restrictions on Transactions
        	
          68
        
	
           
        
	
          ARTICLE 9 EVENTS OF DEFAULT
        	
          69
        
	
           
        
	
          Section 9.1 Definition
        	
          69
        
	
           
        
	
          Section 9.2 Remedies
        	
          71
        
	
           
        
	
          Section 9.3 Omitted
        	
          71
        
	
           
        
	
          ARTICLE 10 THE ADMINISTRATIVE AGENT
        	
          71
        
	
           
        
	
          Section 10.1 Appointment and Duties
        	
          71
        
	
           
        
	
          Section 10.2 Binding Effect
        	
          73
        
	
           
        
	
          Section 10.3 Use of Discretion
        	
          73
        
	
           
        
	
          Section 10.4 Delegation of Rights and Duties
        	
          74
        
	
           
        
	
          Section 10.5 Reliance and Liability
        	
          74
        
	
           
        
	
          Section 10.6 Administrative Agent Individually
        	
          76
        
	
           
        
	
          Section 10.7 Lender Credit Decision
        	
          76
        
	
           
        
	
          Section 10.8 Expenses; Indemnities
        	
          76
        
	
           
        
	
          Section 10.9 Resignation of Administrative Agent
        	
          77
        
	
           
        
	
          Section 10.10 Release of Collateral or Guarantors
        	
          78
        
	
           
        
	
          Section 10.11 Additional Secured Parties
        	
          79
        
	
           
        
	
          ARTICLE 11 MISCELLANEOUS
        	
          80
        
	
           
        
	
          Section 11.1 Amendments, Waivers, Etc.
        	
          80
        
	
           
        
	
          Section 11.2 Assignments and Participations; Binding Effect
        	
          81
        
	
           
        
	
          Section 11.3 Costs and Expenses
        	
          83
        
	
           
        
	
          Section 11.4 Indemnities
        	
          84
        
	
           
        
	
          Section 11.5 Survival
        	
          85
        
	
           
        
	
          Section 11.6 Limitation of Liability for Certain Damages
        	
          85
        
	
           
        
	
          Section 11.7 Lender-Debtor Relationship
        	
          86
        
	
           
        
	
          Section 11.8 Right of Setoff
        	
          86
        
	
           
        
	
          Section 11.9 Sharing of Payments, Etc.
        	
          86
        
	
           
        
	
          Section 11.10 Marshaling; Payments Set Aside
        	
          86
        
	
           
        
	
          Section 11.11 Notices
        	
          87
        
	
           
        
	
          Section 11.12 Electronic Transmissions
        	
          88
        

    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          iii
        

        
          

        

      

      
        

        

      

    

    
    	
          Section 11.13 Governing Law
        	
          88
        
	
           
        
	
          Section 11.14 Jurisdiction
        	
          89
        
	
           
        
	
          Section 11.15 WAIVER OF JURY TRIAL
        	
          89
        
	
           
        
	
          Section 11.16 Severability
        	
          89
        
	
           
        
	
          Section 11.17 Execution in Counterparts
        	
          89
        
	
           
        
	
          Section 11.18 Entire Agreement
        	
          90
        
	
           
        
	
          Section 11.19 Use of Name
        	
          90
        
	
           
        
	
          Section 11.20 Non-Public Information; Confidentiality
        	
          90
        
	
           
        
	
          Section 11.21 Patriot Act Notice
        	
          91
        

    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          iv
        

        
          

        

      

      
        

        

      

    

    

    

    
    	
          
            Schedules
          

        	

        	

        
	
           
        
	
          Schedule I
        	
          -
        	
          Commitments
        
	
          Schedule 1.1(a)
        	
          -
        	
          Consolidated EBITDA
        
	
          Schedule 4.2
        	
          -
        	
          Filings and Permits
        
	
          Schedule 4.3
        	
          -
        	
          Group Members and Subsidiaries
        
	
          Schedule 4.12
        	
          -
        	
          Labor Matters
        
	
          Schedule 4.13
        	
          -
        	
          ERISA
        
	
          Schedule 4.14
        	
          -
        	
          Environmental Matters
        
	
          Schedule 4.16
        	
          -
        	
          Real Property
        
	
          Schedule 8.1
        	
          -
        	
          Indebtedness
        
	
          Schedule 8.2
        	
          -
        	
          Liens
        
	
          Schedule 8.3
        	
          -
        	
          Investments
        
	
           
        
	
          
            Exhibits
          

        
	
           
        
	
          Exhibit A
        	
          -
        	
          Form of Assignment Agreement
        
	
          Exhibit B
        	
          -
        	
          Form of Note
        
	
          Exhibit C
        	
          -
        	
          Form of Notice of Borrowing
        
	
          Exhibit F
        	
          -
        	
          Form of Notice of Conversion or Continuation
        
	
          Exhibit G
        	
          -
        	
          Form of Compliance Certificate
        
	
          Exhibit H
        	
          -
        	
          Form of Guaranty and Security Agreement
        
	
          Exhibit I
        	
          -
        	
          Form of Closing Checklist
        
	
          Exhibit J
        	
          -
        	
          Form of Intercreditor Agreement
        

    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          v
        

        
          

        

      

      
        

        

      

    

    
      This Amended and Restated Term Loan Credit Agreement, dated as of March
      3, 2008 (as amended and/or amended and restated by Amendment No. 1 to
      the Term Loan, dated as of June 4, 2008, Amended No. 2 to the Term Loan,
      dated as of March 16, 2008, Amendment No. 3 to the Term Loan, dated as
      of March 23, 2009, Amendment No. 4 to the Term Loan, dated as of April
      9, 2009 and Amendment No. 5 and Restatement to the Term Loan, dated as
      of April 16, 2009), is entered into among DAYTON SUPERIOR CORPORATION, a
      Delaware corporation (the “Borrower”) the Lenders (as
      defined below), SILVER POINT FINANCE, LLC (“Silver Point Finance”),
      as administrative agent for the Lenders, and GENERAL ELECTRIC CAPITAL
      CORPORATION (“GE Capital”), as collateral agent for the
      Lenders.
    

    
      The parties hereto agree as follows:
    

    
      ARTICLE 1  
DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS
    

    
      Section 1.1  Defined Terms.  As used in this
      Agreement, the following terms have the following meanings:
    

    
      “Administrative Agent” has the meaning specified in Section
      1.5.
    

    
      “Affected Lender” has the meaning specified in Section 2.18.
    

    
      “Affiliate” means, with respect to any Person, each
      officer, director, general partner or joint-venturer of such Person and
      any other Person that directly or indirectly controls, is controlled by,
      or is under common control with, such Person; provided, however,
      that no Secured Party shall be an Affiliate of the Borrower.  For
      purpose of this definition, “control” means the possession
      of either (a) the power to vote, or the beneficial ownership of, 10% or
      more of the Voting Stock of such Person or (b) the power to direct or
      cause the direction of the management and policies of such Person,
      whether by contract or otherwise.
    

    
      “Agreement” means this Term Loan Credit Agreement, as it
      may be amended, restated, supplemented or otherwise modified from time
      to time.
    

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

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

    
      “Amendment No. 3” means Amendment No. 3 to this Agreement
      dated as of March 23, 2009 among the Borrower, the Administrative Agent
      and the Lenders signatory thereto.
    

    
      “Amendment No. 3 Effective Date” means March 23, 2009.
    

    
      “Amendment No. 4” means Amendment No. 4 to this Agreement
      dated as of April 9, 2009 among the Borrower, the Administrative Agent
      and the Lenders signatory thereto.
    

    
      “Amendment No. 4 Effective Date” means April 9, 2009.
    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    
      “Applicable Margin” means, in the case of
      Base Rate Loans, 11.50% per annum and in the case of Eurodollar Rate
      Loans, 12.50% per annum, a portion of which shall be payable in cash and
      a portion of which shall be payable in kind, in accordance with the
      provisions of Section 2.19.
    

    
      “Approved Fund” means, with respect to any Lender, any
      Person (other than a natural Person) that (a) is or will be engaged in
      making, purchasing, holding or otherwise investing in commercial loans
      and similar extensions of credit in the ordinary course of its business
      and (b) is advised or managed by (i) such Lender, (ii) any Affiliate of
      such Lender or (iii) any Person (other than an individual) or any
      Affiliate of any Person (other than an individual) that administers or
      manages such Lender.
    

    
      “Assignment” means an assignment agreement entered into by
      a Lender, as assignor, and any Person, as assignee, pursuant to the
      terms and provisions of Section 11.2 (with the consent of any
      party whose consent is required by Section 11.2), accepted by the
      Administrative Agent, in substantially the form of Exhibit A,
      or any other form approved by the Administrative Agent.
    

    
      “Base Rate” means the greatest of (i) the rate last quoted
      by The Wall Street Journal as the “Prime rate” (viz., as of the date
      hereof, the base rate posted by 70% of the nation’s largest banks) in
      the United States or, if The Wall Street Journal ceases to quote such
      rate, the highest per annum interest rate published by the Federal
      Reserve Board in Federal Reserve Statistical Release H.15 (519)
      (Selected Interest Rates) as the “bank prime loan” rate or, if such rate
      is no longer quoted therein, any similar rate quoted therein (as
      determined by the Administrative Agent) or any similar release by the
      Federal Reserve Board (as determined by the Administrative Agent), (ii)
      400 basis points in excess of the Federal Funds Rate, (iii) 4.25% per
      annum and (iv) a per annum rate equal to the Eurodollar Rate calculated
      based on an Interest Period of three months plus the difference between
      the Applicable Margin for Eurodollar Rate Loans and the Applicable
      Margin for Base Rate Loans.
    

    
      “Base Rate Loan” means any Loan that bears interest based
      on the Base Rate.
    

    
      “Benefit Plan” means any employee benefit plan as defined
      in Section 3(3) of ERISA (whether governed by the laws of the United
      States or otherwise) to which any Group Member incurs or otherwise has
      any obligation or liability, contingent or otherwise.
    

    
      “Business Day” means any day of the year that is not a
      Saturday, Sunday or a day on which banks are required or authorized to
      close in New York City and, when determined in connection with notices
      and determinations in respect of any Eurodollar Rate or Eurodollar Rate
      Loan or any funding, conversion, continuation, Interest Period or
      payment of any Eurodollar Rate Loan, that is also a day on which
      dealings in Dollar deposits are carried on in the London interbank
      market.
    

    
      “Capital Lease” means, with respect to any Person, any
      lease of, or other arrangement conveying the right to use, any property
      (whether real, personal or mixed) by such Person as lessee that has been
      or should be accounted for as a capital lease on a balance sheet of such
      Person prepared in accordance with GAAP.
    

    
      “Capitalized Lease Obligations” means, at any time, with
      respect to any Capital Lease, any lease entered into as part of any Sale
      and Leaseback Transaction of any Person or any synthetic lease, the
      amount of all obligations of such Person that is (or that would be, if
      such synthetic lease or other lease were accounted for as a Capital
      Lease) capitalized on a balance sheet of such Person prepared in
      accordance with GAAP.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      “Cash Collateral Account” means a deposit account or
      securities account in the name of the Borrower and under the sole
      control (as defined in the applicable UCC) of the Administrative Agent
      or the Collateral Agent and (a) in the case of a deposit account, from
      which the Borrower may not make withdrawals except as permitted by the
      Administrative Agent and (b) in the case of a securities account, with
      respect to which the Administrative Agent shall be the entitlement
      holder and the only Person authorized to give entitlement orders with
      respect thereto.
    

    
      “Cash Equivalents” means (a) any readily-marketable
      securities (i) issued by, or directly, unconditionally and fully
      guaranteed or insured by the United States federal government or
      (ii) issued by any agency of the United States federal government the
      obligations of which are fully backed by the full faith and credit of
      the United States federal government, (b) any readily-marketable direct
      obligations issued by any other agency of the United States federal
      government, any state of the United States or any political subdivision
      of any such state or any public instrumentality thereof, in each case
      having a rating of at least “A-1” from S&P or at least “P-1” from
      Moody’s, (c) any commercial paper rated at least “A-1”
      by S&P or “P-1” by Moody’s and issued by any Person
      organized under the laws of any state of the United States, (d) any
      Dollar-denominated time deposit, insured certificate of deposit,
      overnight bank deposit or bankers’ acceptance issued or accepted by (i)
      any Lender or (ii) any commercial bank that is (A) organized under the
      laws of the United States, any state thereof or the District of
      Columbia, (B) “adequately capitalized” (as defined in the regulations of
      its primary federal banking regulators) and (C) has Tier 1 capital (as
      defined in such regulations) in excess of $250,000,000 and (e) shares of
      any United States money market fund that (i) has substantially all of
      its assets invested continuously in the types of investments referred to
      in clause (a), (b), (c) or (d) above with
      maturities as set forth in the proviso below, (ii) has net assets in
      excess of $500,000,000 and (iii) has obtained from either S&P or Moody’s
      the highest rating obtainable for money market funds in the United
      States; provided, however, that the maturities of all
      obligations specified in any of clauses (a), (b), (c)
      and (d) above shall not exceed 365 days.
    

    
      “CERCLA” means the United States Comprehensive
      Environmental Response, Compensation, and Liability Act (42 U.S.C. §§
      9601 et seq.).
    

    
      “Change of Control” means any of the following: (i) (x) any
      “person” or “group” (as such terms are used in Sections 13(d) and 14(d)
      of the Securities Exchange Act of 1934, as amended (the “Exchange
      Act”)), other than Odyssey Investment Partners, one or more of its
      Related Parties or a Permitted Group, shall become, or obtain rights
      (whether by means of warrants, options or otherwise) to become, the
      “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the
      Exchange Act, except that such person or group shall be deemed to have
      beneficial ownership of all shares that any such person or group has the
      right to acquire, whether such right is exercisable immediately or only
      after the passage of time), directly or indirectly, of more than 35% of
      the voting power of the issued and outstanding shares of Stock of the
      Borrower having the right to vote for the election of directors of the
      Borrower under ordinary circumstances, and (y) Odyssey Investment
      Partners and its Related Parties and any Permitted Group collectively
      “beneficially own” (as defined above), directly or indirectly, in the
      aggregate a lesser percentage than such “person” or “group” of the
      voting power of the issued and outstanding shares of Stock of the
      Borrower having the right to vote for the election of directors of the
      Borrower under ordinary circumstances and do not have the right or
      ability to designate for election a majority of the Board of Directors
      of the Borrower; or (ii) for so long as any Senior Subordinated Notes
      are outstanding, the occurrence of a “Change of Control” (as defined in
      the Senior Subordinated Notes Indenture).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      For the purpose of this definition, a person or group shall be deemed to
      beneficially own Stock in a person held by a parent entity if such
      person or group beneficially owns (as defined above) more than 50% of
      the issued and outstanding shares of Stock of such parent entity having
      the right to vote for the election of directors of such parent entity
      under ordinary circumstances.
    

    
      “Closing Checklist” means the checklist of closing items
      attached hereto as Exhibit I.
    

    
      “Closing Date” means the date and time on which all
      conditions precedent set forth in Section 3.1 are satisfied or
      waived by the Administrative Agent.
    

    
      “Code” means the U.S. Internal Revenue Code of 1986.
    

    
      “Collateral” means all property and interests in property
      and proceeds thereof now owned or hereafter acquired by any Loan Party
      in or upon which a Lien is granted or purported to be granted pursuant
      to any Loan Document.
    

    
      “Collateral Agent” means GE Capital in its capacity as
      collateral agent for the Lenders (together with its permitted successors
      and assigns in such capacity) for the purposes specified in Section
      10.1(b).
    

    
      “Commitment” means, with respect to each Lender, the
      commitment of such Lender to make Term Loans to the Borrower, which
      commitment is in the amount set forth opposite such Lender’s name on Schedule I
      under the caption “Commitment”, as amended to reflect
      Assignments and as such amount may be reduced pursuant to this
      Agreement.  The aggregate amount of the Commitments on the date hereof
      equals $100,000,000.
    

    
      “Compliance Certificate” means a certificate substantially
      in the form of Exhibit G.
    

    
      “Consolidated” means, with respect to any Person, the
      accounts of such Person and its Subsidiaries consolidated in accordance
      with GAAP.
    

    
      “Consolidated Cash Interest Expense” means, with respect to
      any Person for any period, the Consolidated Interest Expense of such
      Person for such period less the sum of, in each case to the
      extent included in the definition of Consolidated Interest Expense, (a)
      the amortized amount of debt discount and debt issuance costs, (b)
      charges relating to write-ups or write-downs in the book or carrying
      value of existing Consolidated Total Debt, (c) interest payable in
      evidences of Indebtedness or by addition to the principal of the related
      Indebtedness and (d) other non-cash interest.
    

    
       “Consolidated Current Assets” means, with respect to
      any Person at any date, the total Consolidated current assets of such
      Person at such date other than cash, Cash Equivalents and any
      Indebtedness owing to such Person or any of its Subsidiaries by
      Affiliates of such Person.
    

    
      “Consolidated Current Liabilities” means, with respect to
      any Person at any date, all amounts that would, in conformity with GAAP,
      be set forth opposite the caption “total current liabilities”
      (or any like caption) on a Consolidated balance sheet of the
      Borrower and its Subsidiaries at such date, but excluding (a) the
      current portion of any Indebtedness of the Borrower and its Subsidiaries
      (and accrued interest thereon), (b) without duplication of clause (a)
      above, all Indebtedness consisting of Term Loans, Revolving Loans (under
      and as defined in the Revolving Credit Agreement) and Swingline Loans
      (under and as defined in the Revolving Credit Agreement) to the extent
      otherwise included therein and (c) the current portion of any deferred
      taxes of the Borrower and its Subsidiaries.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      “Consolidated EBITDA” means, with respect to any Person for
      any period, (a) the Consolidated Net Income of such Person for such
      period plus (b) the sum of, in each case to the extent included
      in the calculation of such Consolidated Net Income but without
      duplication, (i) any provision for United States federal income taxes or
      other taxes measured by net income, (ii) Consolidated Interest Expense,
      amortization of debt discount and commissions and other
      fees and charges associated with Indebtedness (including, in the case of
      the Borrower, the Loans and Letters of Credit and the “Loans” under and
      as defined in the Term Loan Credit Agreement), (iii) any loss from
      extraordinary items, (iv) any depreciation, depletion or amortization
      expense, (v) any aggregate net loss on the Sale of property (other than
      accounts (as defined under the applicable UCC) and inventory) outside
      the ordinary course of business, (vi)  any other non-cash expenditure,
      charge or loss for such period (including, but not limited to,
      impairment  of goodwill and excluding any non-cash expenditure, charge
      or loss relating to write-offs, write-downs or reserves with respect to
      accounts and inventory), including the amount of any compensation
      deduction as the result of any grant of Stock or Stock Equivalents to
      employees, officers, directors or consultants, (vii) any financial
      advisory fees, accounting fees, legal fees and other similar advisory
      and consulting fees and out-of-pocket expenses and redemption premiums
      and costs incurred in connection with the Revolving Credit Facility, the
      Term Loan Facility, the redemption of the Senior Notes or the Senior
      Subordinated Notes or the refinancing of the Existing Credit Agreement
      or any actual or proposed Permitted Investment (including any Permitted
      Acquisition) or issuance of Permitted Indebtedness, (viii) expenses
      incurred in connection with any Permitted Acquisition (whether or not
      consummated), including expenses for early retirement of Indebtedness,
      consolidation or discontinuance of any portion of the operations,
      employees and/or management, in each case whether or not classified as
      restructuring charges under GAAP, (ix) any one-time or
      non-recurring cash charges resulting from severance, relocation,
      restructuring, integration and other similar adjustments, whether or not
      classified as restructuring charges under GAAP or any business
      optimization costs and expenses, in an aggregate amount not to exceed
      $5,000,000 during any Fiscal Year and minus (c) the sum of, in
      each case to the extent included in the calculation of such Consolidated
      Net Income and without duplication, (i) any credit for United States
      federal income taxes or other taxes measured by net income, (ii) any
      interest income, (iii) any gain from extraordinary items and any other
      non-recurring gain, (iv) any aggregate net gain from the Sale of
      property (other than accounts (as defined in the applicable UCC) and
      inventory) out of the ordinary course of business by such Person, (v)
      any other non-cash gain, including any reversal of a charge referred to
      in clause (b)(vi) above by reason of a decrease in the value of
      any Stock or Stock Equivalent, and (vi) any other cash payment in
      respect of expenditures, charges and losses that have been added to
      Consolidated EBITDA of such Person pursuant to clause (b)(vi)
      above in any prior period.  It is agreed that Consolidated EBITDA for
      the Fiscal Months ended December 31, 2006 through December 31, 2007 is
      as set forth on Schedule 1.1(a).
    

    
      “Consolidated Interest Coverage Ratio” means, with respect
      to any Person for any period, the ratio of (a) Consolidated EBITDA of
      such Person for such period to (b) Consolidated Cash Interest Expense of
      such Person for such period.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

    
      “Consolidated Interest Expense” means, for any Person for
      any period, (a) Consolidated total interest expense of such Person and
      its Subsidiaries for such period and including, in any event, (i)
      interest capitalized during such period and net costs under Interest
      Rate Contracts for such period and (ii) all fees, charges, commissions,
      discounts and other similar obligations (other than reimbursement
      obligations) with respect to letters of credit, bank guarantees,
      banker’s acceptances, surety bonds and performance bonds (whether or not
      matured) payable by such Person and its Subsidiaries during such period minus
      (b) the sum of (i) Consolidated net gains of such Person and its
      Subsidiaries under Interest Rate Contracts for such period and
      (ii) Consolidated interest income of such Person and its Subsidiaries
      for such period. 
    

    
      “Consolidated Leverage Ratio” means, with respect to any
      Person as of any date, the ratio of (a) Consolidated Total Debt of such
      Person outstanding as of such date to (b) Consolidated EBITDA for such
      Person for the last period of four consecutive Fiscal Quarters most
      recently then ended for which Financial Statements have been delivered
      pursuant to Section 6.1 or are available and where required to be
      delivered pursuant to Section 6.1.
    

    
      “Consolidated Net Income” means, with respect to any
      Person, for any period, the Consolidated net income (or loss) of such
      Person and its Subsidiaries for such period; provided, however,
      that the following shall be excluded:  (a) the net income of any other
      Person in which such Person or one of its Subsidiaries has a joint
      interest with a third-party (which interest does not cause the net
      income of such other Person to be Consolidated into the net income of
      such Person), except to the extent of the amount of dividends or
      distributions paid to such Person or Subsidiary, (b) the net income of
      any Subsidiary of such Person that is, on the last day of such period,
      subject to any restriction or limitation on the payment of dividends or
      the making of other distributions, to the extent of such restriction or
      limitation and (c) the net income of any other Person arising prior to
      such other Person becoming a Subsidiary of such Person or merging or
      consolidating into such Person or its Subsidiaries.  
    

    
      “Consolidated Total Debt” means with respect to any
      Person, at any date, the aggregate principal or face amount of Indebtedness
      of such Person of a type described in clause (a), (b),
      (c)(i), (d) or (f) of the definition thereof and
      all Guaranty Obligations with respect to any such Indebtedness, in each
      case determined on a Consolidated basis in
      accordance with GAAP; provided, that the Senior Notes and the
      Senior Subordinated Notes shall not be counted for purposes of
      calculating the Consolidated Total Debt if the Borrower shall have
      issued a notice of redemption to the holders of the Senior Notes or the
      Senior Subordinated Notes (as applicable) calling for a redemption of
      the Senior Notes or the Senior Subordinated Notes (as applicable) and
      shall have deposited with the Trustee under the Senior Notes Indenture
      or the Senior Subordinated Notes Indenture (as applicable) cash in an
      amount sufficient to fund such redemption.
    

    
      “Constituent Documents” means, with respect to any Person,
      collectively and, in each case, together with any modification of any
      term thereof, (a) the articles of incorporation, certificate of
      incorporation, constitution or certificate of formation of such Person,
      (b) the bylaws, operating agreement or joint venture agreement of such
      Person, (c) any other constitutive, organizational or governing document
      of such Person, whether or not equivalent, and (d) any other document
      setting forth the manner of election or duties of the directors,
      officers or managing members of such Person or the designation, amount
      or relative rights, limitations and preferences of any Stock of such
      Person.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          6
        

        
          

        

      

      
        

        

      

    

    
      “Contractual Obligation” means, with respect to any Person,
      any provision of any Security issued by such Person or of any document
      or undertaking (other than a Loan Document) to which such Person is a
      party or by which it or any of its property is bound or to which any of
      its property is subject.
    

    
      “Control Agreement” means, with respect to any deposit
      account (other than Excluded Accounts), any securities account,
      commodity account, securities entitlement or commodity contract, an
      agreement, in form and substance reasonably satisfactory to the
      Administrative Agent, among the Administrative Agent and Collateral
      Agent, the financial institution or other Person at which such account
      is maintained or with which such entitlement or contract is carried and
      the Loan Party maintaining such account, entitlement or contract
      effective to grant “control” (as defined under the applicable UCC) over
      such account, securities entitlement or commodities contract to the
      Administrative Agent and Collateral Agent.
    

    
      “Controlled Deposit Account” means each deposit account
      (including all funds on deposit therein and excluding any Excluded
      Accounts) that is the subject of an effective Control Agreement and that
      is maintained by any Loan Party with a financial institution approved by
      the Administrative Agent.
    

    
      “Controlled Securities Account” means each securities
      account or commodity account (including all financial assets held
      therein and all certificates and instruments, if any, representing or
      evidencing such financial assets) that is the subject of an effective
      Control Agreement and that is maintained by any Loan Party with a
      securities intermediary or commodity intermediary approved by the
      Administrative Agent.
    

    
      “Copyrights” means all rights, title and interests (and all
      related IP Ancillary Rights) arising under any Requirement of Law in or
      relating to copyrights and all mask work, database and design rights,
      whether or not registered or published, all registrations and
      recordations thereof and all applications in connection therewith.
    

    
      “Corporate Chart” means a document in form reasonably
      acceptable to the Administrative Agent and setting forth, as of a date
      set forth therein, for each Person that is a Loan Party, that is subject
      to Section 7.10 or that is a Subsidiary or joint venture of
      any of them, (a) the full legal name of such Person, (b) the
      jurisdiction of organization and any organizational number and tax
      identification number of such Person, (c) the location of such Person’s
      chief executive office (or, if applicable, sole place of business) and
      (d) the number of shares of each class of Stock of such Person
      authorized, the number outstanding and the number and percentage of such
      outstanding shares for each such class owned, directly or indirectly, by
      any Loan Party or any Subsidiary of any of them.
    

    
      “Customary Permitted Liens” means, with respect to any
      Person, any of the following:
    

    
                     (a)  Liens (i) with respect to the payment of taxes,
      assessments or other governmental charges or (ii) of suppliers,
      carriers, materialmen, warehousemen, workmen or mechanics and other
      similar Liens, in each case imposed by law or arising in the ordinary
      course of business, and, for each of the Liens in clauses (i) and (ii)
      above for amounts that are not yet due or that are being contested in
      good faith by appropriate proceedings diligently conducted and with
      respect to which adequate reserves or other appropriate provisions are
      maintained on the books of such Person in accordance with GAAP;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          7
        

        
          

        

      

      
        

        

      

    

    
                     (b)  Liens of a collection bank on items in the course of
      collection arising under Section 4-208 of the UCC as in effect in the
      State of New York or any similar section under any applicable UCC or any
      similar Requirement of Law of any foreign jurisdiction;
    

    
                     (c)  pledges or cash deposits made in the ordinary course
      of business (i) in connection with workers’ compensation, unemployment
      insurance or other types of social security benefits (other than any
      Lien imposed by ERISA), (ii) to secure the performance of bids, tenders,
      leases (other than Capital Leases) sales or other trade contracts (other
      than for the repayment of borrowed money) or (iii) made in lieu of, or
      to secure the performance of, surety, customs, reclamation or
      performance bonds (in each case not related to judgments or litigation);
    

    
                     (d)  judgment liens (other than for the payment of taxes,
      assessments or other governmental charges) securing judgments and other
      proceedings not constituting an Event of Default under Section 9.1(e)
      and pledges or cash deposits made in lieu of, or to secure the
      performance of, judgment or appeal bonds in respect of such judgments
      and proceedings;
    

    
                     (e)  Liens (i) arising by reason of zoning restrictions,
      easements, licenses, reservations, restrictions, covenants,
      rights-of-way, encroachments, minor defects or irregularities in title
      (including leasehold title) and other similar encumbrances on the use of
      real property or (ii) consisting of leases, licenses or subleases
      granted by a lessor, licensor or sublessor on its property (in each case
      other than Capital Leases) otherwise permitted under Section 8.4
      that, for each of the Liens in clauses (i) and (ii) above,
      do not, in the aggregate, materially (x) impair the value or
      marketability of such real property or (y) interfere with the ordinary
      conduct of the business conducted and proposed to be conducted at such
      real property;
    

    
                     (f)  Liens of landlords and mortgagees of landlords (i)
      arising by statute or under any lease or related Contractual Obligation
      entered into in the ordinary course of business, (ii) on fixtures and
      movable tangible property located on the real property leased or
      subleased from such landlord, (iii) for amounts not yet due or that are
      being contested in good faith by appropriate proceedings diligently
      conducted and (iv) for which adequate reserves or other appropriate
      provisions are maintained on the books of such Person in accordance with
      GAAP; and
    

    
                     (g)  the title and interest of a lessor or sublessor in
      and to personal property leased or subleased (other than through a
      Capital Lease), in each case extending only to such personal property.
    

    
      “Default” means any Event of Default and any event that,
      with the passing of time or the giving of notice or both, would become
      an Event of Default.
    

    
      “Disclosure Documents” means, collectively, (a) all
      confidential information memoranda and related materials prepared in
      connection with the syndication of the Term Loan Facility and (b) all
      other documents filed by any Group Member with the United States
      Securities and Exchange Commission.
    

    
      “Disqualified Stock” means that portion of any Stock or
      Stock Equivalents which, by its terms (or by the terms of any
      security into which it is convertible or for which it is exchangeable at
      the option of the holder thereof), or upon the happening of any event
      (other than an event which would constitute a Change of Control),
      matures (excluding any maturity as the result of an optional redemption
      by the issuer thereof) or is mandatorily redeemable, pursuant to a
      sinking fund obligation or otherwise, or is redeemable at the sole
      option of the holder thereof (except, in each case, upon the occurrence
      of a Change of Control) on or before the date that is six months after
      the 6th anniversary of the Closing Date.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          8
        

        
          

        

      

      
        

        

      

    

    
      “Dollars” and the sign “$” each mean the
      lawful money of the United States.
    

    
      “Domestic Person” means any “United States
      person” under and as defined in Section 770l(a)(30) of the Code.
    

    
      “Domestic Subsidiaries” means each Subsidiary of the
      Borrower that is organized under the laws of a State of the United
      States or the District of Columbia.
    

    
       “E-Fax” means any system used to receive or transmit
      faxes electronically.
    

    
      “Electronic Transmission” means each document, instruction,
      authorization, file, information and any other communication
      transmitted, posted or otherwise made or communicated by e-mail or
      E-Fax, or otherwise to or from an E-System or other equivalent service.
    

    
      “Environmental Laws” means all Requirements of Law and
      Permits imposing liability or standards of conduct for or relating to
      the regulation of Hazardous Materials and/or the protection of human
      health, safety, the environment and natural resources, including CERCLA,
      the SWDA, the Hazardous Materials Transportation Act (49 U.S.C. §§ 5101
      et seq.), the Federal Insecticide, Fungicide, and Rodenticide Act (7
      U.S.C. §§ 136 et seq.), the Toxic Substances Control Act (15 U.S.C. §§
      2601 et seq.), the Clean Air Act (42 U.S.C. §§ 7401 et seq.), the
      Federal Water Pollution Control Act (33 U.S.C. §§ 1251 et seq.), the
      Occupational Safety and Health Act (29 U.S.C. §§ 651 et seq.), the Safe
      Drinking Water Act (42 U.S.C. §§ 300(f) et seq.), all regulations
      promulgated under any of the foregoing, all analogous Requirements of
      Law and Permits and any environmental transfer of ownership notification
      or approval statutes, including the Industrial Site Recovery Act
      (N.J. Stat. Ann. §§ 13:1K-6 et seq.).
    

    
      “Environmental Liabilities” means all Liabilities
      (including costs of Remedial Actions, natural resource damages and costs
      and expenses of investigation and feasibility studies) that may be
      imposed on, incurred by or asserted against any Group Member as a result
      of, or related to, any claim, suit, action, investigation, proceeding or
      written demand by any Person, whether based in contract, tort, implied
      or express warranty, strict liability, criminal or civil statute or
      common law or otherwise, arising under any Environmental Law or in
      connection with any environmental condition or with any Release and
      resulting from the ownership, lease, sublease or other operation or
      occupation of property by any Group Member, whether on, prior or after
      the date hereof.
    

    
      “ERISA” means the United States Employee Retirement Income
      Security Act of 1974.
    

    
      “ERISA Affiliate” means, collectively, any Group Member,
      and any Person under common control, or treated as a single employer,
      with any Group Member, within the meaning of Section 414(b), (c), (m) or
      (o) of the Code.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          9
        

        
          

        

      

      
        

        

      

    

    
      “ERISA Event” means any of the following:  (a) a reportable
      event described in Section 4043(b) of ERISA (or, unless the 30-day
      notice requirement has been duly waived under the applicable
      regulations, Section 4043(c) of ERISA) with respect to a Title IV Plan,
      (b) the withdrawal of any ERISA Affiliate from a Title IV Plan subject
      to Section 4063 of ERISA during a plan year in which it was a
      substantial employer, as defined in Section 4001(a)(2) of ERISA, (c) the
      complete or partial withdrawal of any ERISA Affiliate from any
      Multiemployer Plan, (d) with respect to any Multiemployer Plan, the
      filing of a notice of reorganization, insolvency or termination (or
      treatment of a plan amendment as termination) under Section 4041A of
      ERISA, (e) the filing of a notice of intent to terminate a Title IV Plan
      (or treatment of a plan amendment as termination) under Section 4041 of
      ERISA, (f) the institution of proceedings to terminate a Title IV Plan
      or Multiemployer Plan by the PBGC, (g) the failure to make any required
      contribution to any Title IV Plan or Multiemployer Plan when due, (h)
      the imposition of a lien under Section 430(k) of the Code or Section
      303(k) or 4068 of ERISA on any property (or rights to property, whether
      real or personal) of any ERISA Affiliate, or a violation of Section 436
      of the Code with respect to a Title IV Plan, (i) the failure of a
      Benefit Plan or any trust thereunder intended to qualify for tax exempt
      status under Section 401 or 501 of the Code or other Requirements of Law
      to qualify thereunder and (j) any other event or condition that might
      reasonably be expected to constitute grounds under Section 4042 of ERISA
      for the termination of, or the appointment of a trustee to administer,
      any Title IV Plan or Multiemployer Plan or for the imposition of any
      liability upon any ERISA Affiliate under Title IV of ERISA other than
      for PBGC premiums due but not delinquent.
    

    
      “E-Signature” means the process of attaching to or
      logically associating with an Electronic Transmission an electronic
      symbol, encryption, digital signature or process (including the name or
      an abbreviation of the name of the party transmitting the Electronic
      Transmission) with the intent to sign, authenticate or accept such
      Electronic Transmission.
    

    
      “E-System” means any electronic system, including Intralinks®
      and CleraPar® and any other Internet or extranet-based site, whether
      such electronic system is owned, operated or hosted by the
      Administrative Agent, any of its Related Persons or any other Person,
      providing for access to data protected by passcodes or other security
      system.
    

    
      “Eurodollar Base Rate” means, with respect to any Interest
      Period for any Eurodollar Rate Loan, the greater of (i) 3.25% and (ii)
      the rate determined by the Administrative Agent to be the offered rate
      for deposits in Dollars for the applicable Interest Period appearing on
      the Reuters Screen LIBOR01 page as of 11:00 a.m. (London time) on the
      second full Business Day next preceding the first day of each Interest
      Period.  In the event that such rate does not appear on the Reuters
      Screen LIBOR01 page at such time, the “Eurodollar Base Rate”
      shall be determined by reference to such other comparable publicly
      available service for displaying the offered rate for deposit in Dollars
      in the London interbank market as may be selected by the Administrative
      Agent and, in the absence of availability, such other method to
      determine such offered rate as may be selected by the Administrative
      Agent in its sole discretion.
    

    
      “Eurodollar Rate” means, with respect to any Interest
      Period and for any Eurodollar Rate Loan, an interest rate per annum
      determined as the ratio of (a) the Eurodollar Base Rate with respect to
      such Interest Period for such Eurodollar Rate Loan to (b) the difference
      between the number one and the Eurodollar Reserve Requirements with
      respect to such Interest Period and for such Eurodollar Rate Loan.
    

    
      “Eurodollar Rate Loan” means any Loan that bears interest
      based on the Eurodollar Rate.
    

    
      “Eurodollar Reserve Requirements” means, with respect to
      any Interest Period and for any Eurodollar Rate Loan, a rate per annum
      equal to the aggregate, without duplication, of the maximum rates
      (expressed as a decimal number) of reserve requirements in effect 2
      Business Days prior to the first day of such Interest Period (including
      basic, supplemental, marginal and emergency reserves) under any
      regulations of the Federal Reserve Board or other Governmental Authority
      having jurisdiction with respect thereto dealing with reserve
      requirements prescribed for eurocurrency funding (currently referred to
      as “eurocurrency liabilities” in Regulation D of the Federal Reserve
      Board) maintained by a member bank of the United States Federal Reserve
      System.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          10
        

        
          

        

      

      
        

        

      

    

    
      “Event of Default” has the meaning specified in Section 9.1.
    

    
      “Excess Cash Flow” means, for any period, (a) Consolidated
      EBITDA of the Borrower for such period, minus (b) without
      duplication, (i) any cash principal payment on the Loans during such
      period other than any mandatory prepayment required pursuant to Section 2.8(a)
      because of the existence of Excess Cash Flow, (ii) any scheduled or
      other mandatory cash principal payment made by the Borrower or any of
      its Subsidiaries during such period on any Capitalized Lease Obligation
      or other Indebtedness (but only, if such Indebtedness may be reborrowed,
      to the extent such payment results in a permanent reduction in
      commitments thereof), (iii) any Capital Expenditure made by such Person
      or any of its Subsidiaries during such period, excluding in each case
      any such Capital Expenditure to the extent financed through the
      incurrence of Capitalized Lease Obligations or any long-term
      Indebtedness other than the Obligations, (iv) the Consolidated Interest
      Expense of such Person for such period, (v) any cash losses from
      extraordinary items, (vi) any cash payment made during such period to
      satisfy obligations for United States federal income taxes or other
      taxes measured by net income, (vii) any increase in the Working Capital
      of the Borrower during such period (measured as the excess of such
      Working Capital at the end of such period over such Working Capital at
      the beginning of such period), (viii) the aggregate amount actually paid
      by the Borrower and its Subsidiaries in cash during such period on
      account of any Permitted Acquisition or other Investments permitted
      under clause (d) of Section 8.3, in each case to the extent such
      cash payment is made with internally generated cash flow, (ix) any
      depreciation, depletion or amortization expense, (x) any aggregate net
      loss on the Sale of property (other than accounts (as defined under the
      applicable UCC) and inventory) outside the ordinary course of business,
      (xi)  any other non-cash expenditure, charge or loss for such period
      (including, but not limited to, impairment  of goodwill and excluding
      any non-cash expenditure, charge or loss relating to write-offs,
      write-downs or reserves with respect to accounts and inventory),
      including the amount of any compensation deduction as the result of any
      grant of Stock or Stock Equivalents to employees, officers, directors or
      consultants, (xii) any financial advisory fees, accounting fees, legal
      fees and other similar advisory and consulting fees and out-of-pocket
      expenses and redemption premiums and costs incurred in connection with
      the Revolving Credit Facility, the Term Loan Facility, the redemption of
      the Senior Notes or the Senior Subordinated Notes or the refinancing of
      the Existing Credit Agreement or any actual or proposed Permitted
      Investment (including any Permitted Acquisition) or issuance of
      Permitted Indebtedness, (xiii) expenses incurred in connection with any
      Permitted Acquisition (whether or not consummated), including expenses
      for early retirement of Indebtedness, consolidation or discontinuance of
      any portion of the operations, employees and/or management, in each case
      whether or not classified as restructuring charges under GAAP and (xiv)
      any one-time or non-recurring cash charges resulting from severance,
      relocation, restructuring, integration and other similar adjustments,
      whether or not classified as restructuring charges under GAAP or any
      business optimization costs and expenses, in an aggregate amount not to
      exceed $5,000,000 during any Fiscal Year, plus (c) without
      duplication, any decrease in the Working Capital of the Borrower during
      such period (measured as the excess of such Working Capital at the
      beginning of such period over such Working Capital at the end thereof).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          11
        

        
          

        

      

      
        

        

      

    

    
      “Excluded Accounts” means any (a) zero balance payroll,
      withholding tax and other fiduciary accounts of any Group Member and (b)
      other deposit accounts of any Group Member that in the aggregate do not
      hold more than $250,000 on an overnight basis.  
    

    
      “Excluded Foreign Subsidiary” means (a) any Subsidiary of
      the Borrower that is not a Domestic Person or is a Domestic Person all
      or substantially all of whose assets consists of Stock of Subsidiaries
      that are not Domestic Persons, and in respect of which the pledge of all
      of the Stock of such Subsidiary as Collateral for any Obligation of the
      Borrower, would, in the good faith judgment of the Borrower, result in
      materially adverse tax consequences to the Loan Parties and their
      Subsidiaries, taken as a whole, and which has not guaranteed any
      material Indebtedness of the Borrower or any Domestic Subsidiary of the
      Borrower and more than 66 2/3% of the voting stock of such Domestic
      Person has not been pledged to secure any such Indebtedness and (b)
      provided that it has not guaranteed any material Indebtedness of the
      Borrower or any Domestic Subsidiary thereof, Dayton Superior Canada Ltd.
    

    
      “Existing Agent” means General Electric Capital
      Corporation, in its capacity as administrative agent under the Existing
      Credit Agreement.
    

    
      “Existing Credit Agreement” means that certain Credit
      Agreement, dated as of January 30, 2004, as amended, among the Borrower,
      the institutions party thereto as lenders and issuers and the Existing
      Agent.
    

    
      “Federal Funds Rate” means, for any period, a fluctuating
      interest rate per annum equal for each day during such period to the
      weighted average of the rates on overnight federal funds transactions
      with members of the Federal Reserve System arranged by federal funds
      brokers, as determined by the Administrative Agent in its sole
      discretion.
    

    
      “Federal Reserve Board” means the Board of Governors of the
      United States Federal Reserve System and any successor thereto.
    

    
      “Fee Letter” means the letter agreement, dated as of
      November 13, 2007, addressed to the Borrower from the Administrative
      Agent and accepted by the Borrower, with respect to certain fees to be
      paid from time to time to the Administrative Agent and its Related
      Persons.
    

    
      “Financial Statement” means each financial statement
      delivered pursuant to Section 4.4 or 6.1.
    

    
      “Fiscal Month” means any of the monthly accounting periods
      of the Borrower.
    

    
      “Fiscal Quarter” means each 3 Fiscal Month period ending on
      March 31, June 30, September 30 or December 31.
    

    
      “Fiscal Year” means the twelve-month period ending on
      December 31.
    

    
      “GAAP” means generally accepted accounting principles in
      the United States, as in effect from time to time, set forth in the
      opinions and pronouncements of the Accounting Principles Board and the
      American Institute of Certified Public Accountants, in the statements
      and pronouncements of the Financial Accounting Standards Board and in
      such other statements by such other entity as may be in general use by
      significant segments of the accounting profession that are applicable to
      the circumstances as of the date of determination.  Subject to Section 1.3,
      all references to “GAAP” shall be to GAAP applied
      consistently with the principles used in the preparation of the
      Financial Statements described in Section 4.4(a).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          12
        

        
          

        

      

      
        

        

      

    

    
      “Governmental Authority” means any nation, sovereign or
      government, any state or other political subdivision thereof, any
      agency, authority or instrumentality thereof and any entity or authority
      exercising executive, legislative, taxing, judicial, regulatory or
      administrative functions of or pertaining to government, including any
      central bank, stock exchange, regulatory body, arbitrator, public sector
      entity, supra-national entity (including the European Union and the
      European Central Bank) and any self-regulatory organization (including
      the National Association of Insurance Commissioners).
    

    
      “Group Members” means, collectively, the Borrower and its
      Subsidiaries.
    

    
      “Group Members’ Accountants” means Deloitte & Touche
      USA LLP or other nationally-recognized independent registered certified
      public accountants designated by the Borrower and reasonably acceptable
      to the Administrative Agent.
    

    
      “Guarantor” means each Subsidiary of the Borrower listed on Schedule 4.3
      that is a Domestic Subsidiary and party to the Guaranty and Security
      Agreement on the Closing Date and, after the Closing Date, each other
      Subsidiary of the Borrower that is a Domestic Subsidiary and is not an
      Excluded Foreign Subsidiary and that becomes a party to the Guaranty and
      Security Agreement pursuant to Section 7.10.
    

    
      “Guaranty and Security Agreement” means a guaranty and
      security agreement, in substantially the form of Exhibit H,
      among the Administrative Agent, the Borrower and each Guarantor from
      time to time party thereto, as the same may from time to time be
      amended, restated, supplemented or otherwise modified.
    

    
      “Guaranty Obligation” means, as applied to any Person, any
      direct or indirect liability, contingent or otherwise, of such Person
      for any Indebtedness, lease, dividend or other obligation (the “primary
      obligation”) of another Person (the “primary obligor”),
      if the purpose or intent of such Person in incurring such liability, or
      the economic effect thereof, is to guarantee such primary obligation or
      provide support, assurance or comfort to the holder of such primary
      obligation or to protect or indemnify such holder against loss with
      respect to such primary obligation, including (a) the direct or indirect
      guaranty, endorsement (other than for collection or deposit in the
      ordinary course of business), co-making, discounting with recourse or
      sale with recourse by such Person of any primary obligation, (b) the
      incurrence of reimbursement obligations with respect to any letter of
      credit or bank guarantee in support of any primary obligation, (c) the
      existence of any Lien, or any right, contingent or otherwise, to receive
      a Lien, on the property of such Person securing any part of any primary
      obligation and (d) any liability of such Person for a primary obligation
      through any Contractual Obligation (contingent or otherwise) or other
      arrangement (i) to purchase, repurchase or otherwise acquire such
      primary obligation or any security therefor or to provide funds for the
      payment or discharge of such primary obligation (whether in the form of
      a loan, advance, stock purchase, capital contribution or otherwise),
      (ii) to maintain the solvency, working capital, equity capital or any
      balance sheet item, level of income or cash flow, liquidity or financial
      condition of any primary obligor, (iii) to make take-or-pay or similar
      payments, if required, regardless of non-performance by any other party
      to any Contractual Obligation, (iv) to purchase, sell or lease (as
      lessor or lessee) any property, or to purchase or sell services,
      primarily for the purpose of enabling the primary obligor to satisfy
      such primary obligation or to protect the holder of such primary
      obligation against loss or (v) to supply funds to or in any other manner
      invest in, such primary obligor (including to pay for property or
      services irrespective of whether such property is received or such
      services are rendered); provided, however, that “Guaranty
      Obligations” shall not include (x) endorsements for collection or
      deposit in the ordinary course of business and (y) product warranties
      given in the ordinary course of business.  The outstanding amount of any
      Guaranty Obligation shall equal the outstanding amount of the primary
      obligation so guaranteed or otherwise supported or, if lower, the stated
      maximum amount for which such Person may be liable under such Guaranty
      Obligation.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          13
        

        
          

        

      

      
        

        

      

    

    
      “Hazardous Material” means any substance, material or waste
      that is classified, regulated or otherwise characterized under any
      Requirements of Law as hazardous, toxic, a contaminant or a pollutant or
      by other words of similar meaning or regulatory effect, including
      petroleum or any fraction thereof, asbestos, polychlorinated biphenyls
      and radioactive substances.
    

    
      “Hedging Agreement” means any Interest Rate Contract,
      foreign exchange, swap, option or forward contract, spot, cap, floor or
      collar transaction, any other derivative instrument and any other
      similar speculative transaction and any other similar agreement or
      arrangement designed to alter the risks of any Person arising from
      fluctuations in any underlying variable.
    

    
      “Indebtedness” of any Person means, without duplication,
      any of the following, whether or not matured:  (a) all indebtedness for
      borrowed money, (b) all obligations evidenced by notes, bonds,
      debentures or similar instruments, (c) all reimbursement and all
      obligations with respect to (i) letters of credit, bank guarantees or
      bankers’ acceptances or (ii) surety, customs, reclamation or performance
      bonds (in each case not related to judgments or litigation) other than
      those entered into in the ordinary course of business, (d) all
      obligations to pay the deferred purchase price of property or services,
      other than trade payables incurred in the ordinary course of business,
      (e) all obligations created or arising under any conditional sale or
      other title retention agreement, regardless of whether the rights and
      remedies of the seller or lender under such agreement in the event of
      default are limited to repossession or sale of such property, (f) all
      Capitalized Lease Obligations, (g) all obligations, whether or not
      contingent, to purchase, redeem, retire, defease or otherwise acquire
      for value any of its own Disqualified Stock (or Stock Equivalents
      relating to any Disqualified Stock) valued at, in the case of redeemable
      preferred Disqualified Stock, the greater of the voluntary liquidation
      preference and the involuntary liquidation preference of such
      Disqualified Stock plus accrued and unpaid dividends, (h) all payments
      that would be required to be made in respect of any Hedging Agreement in
      the event of a termination (including an early termination) on the date
      of determination and (i) all Guaranty Obligations for obligations of any
      other Person constituting Indebtedness of such other Person; provided,
      however, that the items in each of clauses (a) through (i)
      above shall constitute “Indebtedness” of such Person solely
      to the extent, directly or indirectly, (x) such Person is liable for any
      part of any such item, (y) any such item is secured by a Lien on such
      Person’s property or (z) any other Person has a right, contingent or
      otherwise, to cause such Person to become liable for any part of any
      such item or to grant such a Lien.
    

    
      “Indemnified Matter” has the meaning specified in Section 11.4.
    

    
      “Indemnitee” has the meaning specified in Section 11.4.
    

    
      “Initial Projections” means those financial projections,
      dated February, 2008, covering the Fiscal Years ending in 2008 through
      2012 and delivered to the Administrative Agent by the Borrower prior to
      the date hereof.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          14
        

        
          

        

      

      
        

        

      

    

    
      “Intellectual Property” means all rights, title and
      interests in or relating to intellectual property and industrial
      property arising under any Requirement of Law and all IP Ancillary
      Rights relating thereto, including all Copyrights, Patents, Trademarks,
      Internet Domain Names, Trade Secrets and IP Licenses.
    

    
      “Intercreditor Agreement” means the intercreditor
      agreement, substantially in the form attached hereto as Exhibit J,
      among the Administrative Agent, the Revolving Credit Administrative
      Agent, the Borrower and the other Loan Parties, as the same may from
      time to time be amended, restated, supplemented or otherwise modified.
    

    
      “Interest Period” means, with respect to any Eurodollar
      Rate Loan, the period commencing on the date such Eurodollar Rate Loan
      is made or converted to a Eurodollar Rate Loan or, if such loan is
      continued, on the last day of the immediately preceding Interest Period
      therefor and, in each case, ending 1, 2, 3, 6 or, subject to
      availability by all affected Lenders, 9 or 12 months thereafter, as
      selected by the Borrower pursuant hereto; provided, however,
      that (a) if any Interest Period would otherwise end on a day that is not
      a Business Day, such Interest Period shall be extended to the next
      succeeding Business Day, unless the result of such extension would be to
      extend such Interest Period into another such Business Day falls in the
      next calendar month, in which case such Interest Period shall end on the
      immediately preceding Business Day, (b) any Interest Period that begins
      on the last Business Day of a calendar month (or on a day for which
      there is no numerically corresponding day in the calendar month at the
      end of such Interest Period) shall end on the last Business Day of a
      calendar month, (c) the Borrower may not select any Interest Period
      ending after the Scheduled Maturity Date, (d) the Borrower may not
      select any Interest Period in respect of any portion of the Term Loans
      having an aggregate principal amount of less than $5,000,000 and (e)
      there shall be outstanding at any one time no more than 10 Interest
      Periods.
    

    
      “Interest Rate Contracts” means all interest rate swap
      agreements, interest rate cap agreements, interest rate collar
      agreements and interest rate insurance.
    

    
      “Internet Domain Names” means all rights, title and
      interests (and all related IP Ancillary Rights) arising under any
      Requirement of Law in or relating to Internet domain names.
    

    
      “Investment” means, with respect to any Person, directly or
      indirectly, (a) to own, purchase or otherwise acquire, in each case
      whether beneficially or otherwise, any investment in, including any
      interest in, any Security of any other Person (other than any evidence
      of any Obligation), (b) to purchase or otherwise acquire, whether in one
      transaction or in a series of transactions, all or a significant part of
      the property of any other Person or a business conducted by any other
      Person or all or substantially all of the assets constituting the
      business of a division, branch, brand or other unit operation of any
      other Person, (c) to incur, or to remain liable under, any Guaranty
      Obligation for Indebtedness of any other Person, to assume the
      Indebtedness of any other Person or to make, hold, purchase or otherwise
      acquire, in each case directly or indirectly, any deposit, loan,
      advance, commitment to lend or advance, or other extension of credit
      (including by deferring or extending the date of, in each case outside
      the ordinary course of business, the payment of the purchase price for
      Sales of property or services to any other Person, to the extent such
      payment obligation constitutes Indebtedness of such other Person),
      excluding deposits with financial institutions available for withdrawal
      on demand, prepaid expenses, accounts receivable and similar items
      created in the ordinary course of business, (d) to make, directly or
      indirectly, any contribution to the capital of any other Person or (e)
      to Sell to any Affiliate any property for less than fair market value
      (including a disposition of cash or Cash Equivalents in exchange for
      consideration of lesser value); provided, however, that
      such Investment shall be valued at the difference between the value of
      the consideration for such Sale and the fair market value of the
      property Sold.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          15
        

        
          

        

      

      
        

        

      

    

    
      “IP Ancillary Rights” means, with respect to any other
      Intellectual Property, as applicable, all foreign counterparts to, and
      all divisionals, reversions, continuations, continuations-in-part,
      reissues, reexaminations, renewals and extensions of, such Intellectual
      Property and all income, royalties, proceeds and Liabilities at any time
      due or payable or asserted under or with respect to any of the foregoing
      or otherwise with respect to such Intellectual Property, including all
      rights to sue or recover at law or in equity for any past, present or
      future infringement, misappropriation, dilution, violation or other
      impairment thereof, and, in each case, all rights to obtain any other IP
      Ancillary Right.
    

    
      “IP License” means all Contractual Obligations (and all
      related IP Ancillary Rights), whether written or oral, granting any
      right title and interest in or relating to any Intellectual Property.
    

    
      “IRS” means the Internal Revenue Service of the United
      States and any successor thereto.
    

    
      “Lender” means each Lender that has a Commitment or that
      holds a Term Loan.
    

    
      “Liabilities” means all claims, actions, suits, judgments,
      damages, losses, liability, obligations, and any related fines,
      penalties, sanctions, costs, fees, taxes, commissions, charges,
      disbursements and expenses, in each case of any kind or nature
      (including interest accrued thereon or as a result thereto and fees,
      charges and disbursements of financial, legal and other advisors and
      consultants), whether joint or several, whether or not indirect,
      contingent, consequential, actual, punitive, treble or otherwise.
    

    
      “Lien” means any mortgage, deed of trust, pledge,
      hypothecation, assignment, charge, deposit arrangement, encumbrance,
      easement, lien (statutory or other), security interest or other security
      arrangement and any other preference, priority or preferential
      arrangement of any kind or nature whatsoever, including any conditional
      sale contract or other title retention agreement, the interest of a
      lessor under a Capital Lease and any synthetic or other financing lease
      having substantially the same economic effect as any of the foregoing.
    

    
      “Loan Documents” means, collectively, this Agreement, any
      Notes, the Guaranty and Security Agreement, the Intercreditor Agreement,
      the Mortgages, the Control Agreements, the Fee Letter, the Secured
      Hedging Agreements and, when executed, each document executed by a Loan
      Party and delivered to the Administrative Agent, any Lender in
      connection with or pursuant to any of the foregoing or the Obligations,
      together with any modification of any term, or any waiver with respect
      to, any of the foregoing.
    

    
      “Loan Party” means the Borrower and each Guarantor.
    

    
      “Material Adverse Effect” means an effect that results in
      or causes, or could reasonably be expected to result in or cause, a
      material adverse change in any of (a) the condition (financial or
      otherwise), business, performance, operations or property of the Group
      Members, taken as a whole, (b) the ability of any Loan Party to perform
      its obligations under any Loan Document and (c) the validity or
      enforceability of any Loan Document or the rights and remedies of the
      Administrative Agent, the Lenders and the other Secured Parties under
      any Loan Document.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          16
        

        
          

        

      

      
        

        

      

    

    
      “Material Environmental Liabilities” means Environmental
      Liabilities exceeding $500,000.
    

    
      “Moody’s” means Moody’s Investors Service, Inc.
    

    
      “Mortgage” means any mortgage, deed of trust or other
      document executed or required herein to be executed by any Loan Party
      and granting a security interest over any owned real property in favor
      of the Administrative Agent and Collateral Agent as security for the
      Obligations.
    

    
      “Mortgage Supporting Documents” means, with respect to any
      Mortgage for a parcel of owned real property, each document (including
      title policies or marked-up unconditional insurance binders (in each
      case, together with copies of all documents referred to therein), maps,
      ALTA (or TLTA, if applicable) as-built surveys (in form and as to date
      that is sufficiently acceptable to the title insurer issuing title
      insurance to the Administrative Agent for such title insurer to deliver
      endorsements to such title insurance as reasonably requested by the
      Administrative Agent), environmental assessments and reports (in the
      case of owned real property acquired after the Closing Date) and
      evidence regarding recording and payment of fees, insurance premium and
      taxes) that the Administrative Agent may reasonably request, to create,
      register, perfect, maintain, evidence the existence, substance, form or
      validity of or enforce a valid lien on such parcel of real property in
      favor of the Administrative Agent for the benefit of the Secured
      Parties, subject only to Permitted Liens and such other Liens as the
      Administrative Agent may reasonably approve.
    

    
      “Multiemployer Plan” means any multiemployer plan, as
      defined in Section 400l(a)(3) of ERISA, to which any ERISA Affiliate
      incurs or otherwise has any obligation or liability, contingent or
      otherwise.
    

    
      “Net Cash Proceeds” means proceeds received in cash from
      (a) any Sale of, or Property Loss Event with respect to, property, net
      of (i) the reasonable out-of-pocket cash costs, fees and expenses paid
      or required to be paid in connection therewith, (ii) any taxes paid or
      reasonably estimated to be payable as a result thereof, (iii) any amount
      required to be applied to the repayment of Indebtedness other
      than owing to any Group Member (including any premium or penalty, if
      any, and interest) secured by a Lien expressly permitted
      hereunder on any asset that is the subject of such Sale or
      Property Loss Event (excluding any Lien pursuant to a Loan Document but
      including, in the case of the Revolving Credit Priority Collateral, the
      Revolving Credit Documents) and (iv) any amounts provided as a reserve,
      in accordance with GAAP, against any liabilities in respect of any
      indemnification obligations or purchase price adjustment associated with
      such Sale (provided that, to the extent and at any time such
      amounts are released from such reserve, such amounts shall constitute
      Net Cash Proceeds), or (b) any sale or issuance of Stock or
      incurrence of Indebtedness, in each case net of brokers’, advisors’ and
      investment banking fees and other reasonable underwriting discounts,
      commissions and other reasonable out-of-pocket cash costs, fees and
      expenses, in each case incurred in connection with such transaction; provided,
      however, that any such proceeds received by any Subsidiary of the
      Borrower that is not a Wholly Owned Subsidiary of the Borrower shall
      constitute “Net Cash Proceeds” only to the extent of the
      aggregate direct and indirect beneficial ownership interest of the
      Borrower therein.
    

    
      “Non-Excluded Taxes” has the meaning specified in Section
      2.17(a).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          17
        

        
          

        

      

      
        

        

      

    

    
      “Non- Funding Lender” has the meaning specified in Section
      2.2(c).
    

    
      “Non-U.S. Lender Party” means each of the Administrative
      Agent, each Lender, each SPV and each participant, in each case that is
      not a Domestic Person.
    

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

    
      “Notice of Borrowing” has the meaning specified in Section 2.2(a).
    

    
      “Notice of Conversion or Continuation” has the meaning
      specified in Section 2.10(b).
    

    
      “Obligations” means, with respect to any Loan Party, all
      amounts, obligations, liabilities, covenants and duties of every type
      and description owing by such Loan Party to the Primary Administrative
      Agent, the Collateral Agent, any Lender, any other Indemnitee, any
      participant, any SPV or any Secured Hedging Counterparty arising out of,
      under, or in connection with, any Loan Document, whether direct or
      indirect (regardless of whether acquired by assignment), absolute or
      contingent, due or to become due, whether liquidated or not, now
      existing or hereafter arising and however acquired, and whether or not
      evidenced by any instrument or for the payment of money, including,
      without duplication, (a) if such Loan Party is the Borrower, all Term
      Loans, (b) all interest, whether or not accruing after the filing of any
      petition in bankruptcy or after the commencement of any insolvency,
      reorganization or similar proceeding, and whether or not a claim for
      post-filing or post-petition interest is allowed in any such proceeding,
      and (c) all other fees, expenses (including fees, charges and
      disbursement of counsel), interest, commissions, charges, costs,
      disbursements, indemnities and reimbursement of amounts paid and other
      sums chargeable to such Loan Party under any Loan Document.
    

    
      “Odyssey Investment Partners” means Odyssey Investment
      Partners Fund, L.P. and/or Odyssey Investment Partners, LLC and their
      respective Affiliates.
    

    
      “Other Taxes” has the meaning specified in Section 2.17(c).
    

    
      “Patents” means all rights, title and interests (and all
      related IP Ancillary Rights) arising under any Requirement of Law in or
      relating to letters patent and applications therefor.
    

    
      “PBGC” means the United States Pension Benefit Guaranty
      Corporation and any successor thereto.
    

    
      “Permit” means, with respect to any Person, any permit,
      approval, authorization, license, registration, certificate, concession,
      grant, franchise, variance or permission from, and any other Contractual
      Obligations with, any Governmental Authority, in each case whether or
      not having the force of law and applicable to or binding upon such
      Person or any of its property or to which such Person or any of its
      property is subject.
    

    
      “Permitted Acquisition” means any Proposed Acquisition
      satisfying each of the following conditions:  (a) the aggregate amounts
      payable in connection with, and other consideration for (in each case,
      including any transaction costs, indemnification obligations and all
      Indebtedness and liabilities incurred or assumed in connection therewith
      or otherwise reflected in a Consolidated balance sheet of the Borrower
      and the Proposed Acquisition Target), such Proposed Acquisition and all
      other Permitted Acquisitions consummated on or prior to the date of the
      consummation of such Proposed Acquisition shall not exceed $45,000,000,
      plus earn-out payments that are reasonably acceptable to the
      Administrative Agent, (b) the Administrative Agent shall have received
      reasonable advance notice of such Proposed Acquisition including a
      reasonably detailed description thereof at least 30 days prior to the
      consummation of such Proposed Acquisition (or such later date as may be
      agreed by the Administrative Agent) and on or prior to the date of such
      Proposed Acquisition, the Administrative Agent shall have received
      copies of the acquisition agreement and related Contractual Obligations
      and other documents (including financial information and analysis,
      environmental assessments and reports, opinions, certificates and lien
      searches) and information reasonably requested by the Administrative
      Agent  and (c) after giving effect to such Permitted Acquisition, the
      Borrower shall be in compliance with the Financial Covenants set forth
      in Article V on a Pro Forma Basis as of the last day of the last
      Fiscal Quarter for which Financial Statements have been delivered
      hereunder. 
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          18
        

        
          

        

      

      
        

        

      

    

    
      “Permitted Group” means any group of investors that is
      deemed to be a “person” (as that term is used in Section 13(d)(3) of the
      Exchange Act) by virtue of a Voting Agreement or any similar agreement,
      as the same may be amended, modified or supplemented from time to time; provided,
      however, that no single Person (other than Odyssey Investment
      Partners and its Related Parties) beneficially owns (together with its
      Affiliates) more of the voting power of the issued and outstanding
      shares of Stock of the Borrower, having the right to vote for the
      election of directors of the Borrower under ordinary circumstances, that
      is beneficially owned by such group of investors than is then
      collectively beneficially owned by Odyssey Investment Partners and its
      Related Parties in the aggregate.
    

    
      “Permitted Indebtedness” means any Indebtedness of any
      Group Member that is not prohibited by Section 8.1 or any
      other provision of any Loan Document.
    

    
      “Permitted Investment” means any Investment of any Group
      Member that is not prohibited by Section 8.3 or any other
      provision of any Loan Document.
    

    
      “Permitted Lien” means any Lien on or with respect to the
      property of any Group Member that is not prohibited by Section 8.2
      or any other provision of any Loan Document.
    

    
      “Permitted Refinancing” means Indebtedness constituting a
      refinancing or extension of Permitted Indebtedness that (a) has an
      aggregate outstanding principal amount not greater than the aggregate
      principal amount of such Permitted Indebtedness outstanding at the time
      of such refinancing or extension, together with accrued interest, fees
      (including any prepayment fees or premiums) payable in connection
      therewith, (b) has a weighted average maturity (measured as of the date
      of such refinancing or extension) and maturity no shorter than that of
      such Permitted Indebtedness and, in the case of any refinancing of the
      Senior Subordinated Notes has no scheduled amortization prior to
      maturity and matures no earlier than 6 months after the 6th
      anniversary of the Closing Date, (c) is not entered into as part of a
      Sale and Leaseback transaction, (d) is not secured by any property or
      any Lien other than those securing such Permitted Indebtedness, and if
      such Permitted Indebtedness is subordinated to the Obligations, such
      Indebtedness is subordinated to the Obligations at least to the same
      extent as such Permitted Indebtedness and in a manner and pursuant to
      documentation reasonably acceptable to the Administrative Agent; provided,
      that, in the case of any refinancing of the Senior Subordinated Notes,
      such Indebtedness may rank pari passu in right of payment with the
      Obligations if such Indebtedness is either unsecured or is secured on a
      junior priority basis (that is junior both to the Liens securing the
      Obligations and to the Liens securing the Revolving Obligations)
      pursuant to an intercreditor agreement (that binds all present and
      future holders of such Indebtedness and all representatives and
      collateral agents therefor) and that is reasonably satisfactory in all
      respects to the Administrative Agent, provided, further,
      in the case of any refinancing of the Revolving Obligations, (x) such
      Indebtedness shall be subject to the Intercreditor Agreement (or another
      intercreditor agreement that is in form and substance reasonably
      satisfactory to the Administrative Agent and in any event no less
      favorable to the Lenders than the Intercreditor Agreement, as reasonably
      determined by the Administrative Agent) and (y) the lenders in such
      refinancing or any agent or trustee for such lenders executes and
      delivers to the Administrative Agent an agreement reasonably
      satisfactory to the Administrative Agent confirming that such lenders
      and their agent or trustee are bound by the obligations under the
      Intercreditor Agreement of the lenders under the Revolving Credit
      Agreement and the Revolving Credit Administrative Agent (and the
      Administrative Agent thereupon executes and delivers to the lenders in
      such Permitted Refinancing or their agent or trustee an agreement
      confirming that such lenders or their agent or trustee will be entitled
      to enforce all rights under the Intercreditor Agreement of the lenders
      under the Revolving Credit Agreement and the Revolving Credit
      Administrative Agent) and (e) is otherwise on terms that the board of
      directors of the Borrower shall have determined in good faith to be
      consistent with the market terms for Indebtedness of such type
      reasonably available to the Borrower at such time and that are
      reasonably satisfactory to the Administrative Agent; provided, however,
      that, notwithstanding the foregoing and in the case of clauses (a)
      through (e), Guaranty Obligations for such Indebtedness shall constitute
      part of such Permitted Refinancing if and to the extent such similar
      Guaranty Obligations with respect to such Permitted Indebtedness existed
      and constituted Permitted Indebtedness prior to such refinancing or
      extension.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          19
        

        
          

        

      

      
        

        

      

    

    
      “Permitted Reinvestment” means, with respect to the Net
      Cash Proceeds of any Sale or Property Loss Event, the acquisition,
      repair, replacement, improvement or construction of, to the extent
      otherwise permitted hereunder, property useful in the business of the
      Borrower or any of its Subsidiaries (including through a Permitted
      Acquisition) or, if such Property Loss Event involves loss or damage to
      property, to repair such loss or damage.
    

    
      “Person” means any individual, partnership, corporation
      (including a business trust and a public benefit corporation), joint
      stock company, estate, association, firm, enterprise, trust, limited
      liability company, unincorporated association, joint venture and any
      other entity or Governmental Authority.
    

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

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

    
      “Primary Administrative Agent” means Silver Point Finance
      in its capacity as administrative agent for the Lenders (together with
      its permitted successors and assigns in such capacity).
    

    
      “Pro Forma Balance Sheet” has the meaning specified in Section 4.4(c).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          20
        

        
          

        

      

      
        

        

      

    

    
      “Pro Forma Basis” means, with respect to any determination
      for any period and any Pro Forma Transaction, that such determination
      shall be made by giving pro forma effect to each such Pro Forma
      Transaction, as if each such Pro Forma Transaction had been consummated
      on the first day of such period, based on historical results accounted
      for in accordance with GAAP and, to the extent applicable, reasonable
      assumptions that are specified in detail in the relevant Compliance
      Certificate, Financial Statement or other document provided to the
      Administrative Agent or any Lender in connection herewith in accordance
      with Regulation S-X of the Securities Act of 1933.
    

    
      “Pro Forma Transaction” means (i) the redemption and
      retirement of the Senior Notes, (ii) any transaction consummated as part
      of any Permitted Acquisition, together with each other transaction
      relating thereto and consummated in connection therewith, including any
      incurrence or repayment of Indebtedness and (iii) any purchase,
      prepayment, acquisition or retirement for value of any Senior
      Subordinated Note and any other Indebtedness.
    

    
      “Projections” means, collectively, the Initial Projections
      and any document delivered pursuant to Section 6.1(f).
    

    
      “Property Loss Event” means, with respect to any property,
      any loss of or damage to such property or any taking of such property or
      condemnation thereof.
    

    
      “Proposed Acquisition” means (a) any proposed acquisition
      that is consensual and approved by the board of directors of such
      Proposed Acquisition Target, of all or substantially all of the assets
      or Stock of any Proposed Acquisition Target by the Borrower or any
      Subsidiary of the Borrower or (b) any proposed merger of any Proposed
      Acquisition Target with or into the Borrower or any Subsidiary of the
      Borrower (and, in the case of a merger with the Borrower, with the
      Borrower being the surviving corporation).
    

    
      “Proposed Acquisition Target” means any Person or any
      brand, line of business, division, branch, operating division or other
      unit operation of any Person.
    

    
      “Pro Rata Outstandings” of any Lender at any time, means
      the sum of the outstanding principal amount of Term Loans owing to such
      Lender.
    

    
      “Pro Rata Share” means, with respect to any Lender at any
      time, the percentage obtained by dividing (a) the sum of the Commitments
      (or, if such Commitments are terminated, the Pro Rata Outstandings
      therein) of such Lender then in effect by (b) the sum of the Commitments
      (or, if such Commitments are terminated, the Pro Rata Outstandings
      therein) of all Lenders then in effect; provided, however,
      that, if there are no Commitments and no Pro Rata Outstandings, such
      Lender’s Pro Rata Share shall be determined based on the Pro Rata Share
      most recently in effect, after giving effect to any subsequent
      assignment and any subsequent non-pro rata payments of any Lender
      pursuant to Section 2.18.
    

    
      “Qualified Capital Stock” means Stock that is not
      Disqualified Stock.
    

    
      “Register” has the meaning specified in Section 2.14(b).
    

    
      “Reinvestment Prepayment Amount” means, with respect to any
      Net Cash Proceeds on the Reinvestment Prepayment Date therefor, the
      amount of such Net Cash Proceeds less any amount paid or required
      to be paid by any Group Member to make Permitted Reinvestments with such
      Net Cash Proceeds pursuant to a Contractual Obligation entered into
      prior to such Reinvestment Prepayment Date with any Person that is not
      an Affiliate of the Borrower.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          21
        

        
          

        

      

      
        

        

      

    

    
      “Reinvestment Prepayment Date” means, with respect to any
      portion of any Net Cash Proceeds of any Sale or Property Loss Event, the
      earliest of (a) the 365th day after the completion of the
      portion of such Sale or Property Loss Event corresponding to such Net
      Cash Proceeds, (b) the date that is 5 Business Days after the date on
      which the Borrower shall have notified the Administrative Agent of the
      Borrower’s determination not to make Permitted Reinvestments with such
      Net Cash Proceeds, (c) the occurrence of any Event of Default set forth
      in Section 9.1(e)(ii) and (d) 5 Business Days after the
      delivery of a notice by the Administrative Agent or the Required Lenders
      to the Borrower during the continuance of any other Event of Default.
    

    
      “Related Documents” means, collectively, the payoff letter
      with respect to the Existing Credit Agreement executed and delivered to
      the Administrative Agent in connection with Section 3.1(d),
      the notice of redemption issued in connection with the redemption,
      satisfaction and discharge of the Senior Notes, the Revolving Loan
      Documents, and each other document executed with respect to any of the
      foregoing or any Related Transaction.
    

    
      “Related Party” means:
    

    
      (1)  any controlling stockholder, 50% (or more) owned Subsidiary, or
      immediate family member (in the case of an individual) of Odyssey
      Investment Partners;
    

    
      (2)  any trust, corporation, partnership, limited liability company or
      other entity, the beneficiaries, stockholders, partners, members, owners
      or Persons beneficially holding a 50% or more controlling interest of
      which consist of Odyssey Investment Partners and/or such other Persons
      referred to in the immediately preceding clause (1); or
    

    
      (3)  any investment partnership or investment fund controlled or managed
      by Odyssey Investment Partners.
    

    
      “Related Person” means, with respect to any Person, each
      Affiliate of such Person and each director, officer, employee, agent,
      trustee, representative, attorney, accountant and each insurance,
      environmental, legal, financial and other advisor (including those
      retained in connection with the satisfaction or attempted satisfaction
      of any condition set forth in Article III) and other
      consultants and agents of or to such Person or any of its Affiliates,
      together with, if such Person is the Administrative Agent, each other
      Person or individual designated, nominated or otherwise mandated by or
      helping the Administrative Agent pursuant to and in accordance with Section 10.4
      or any comparable provision of any Loan Document.
    

    
      “Related Transactions” means, collectively, the refinancing
      of the Existing Credit Agreement, the redemption of the Senior Notes,
      the funding of Indebtedness under the Revolving Credit Agreement, the
      execution and delivery of all Related Documents and the payment of all
      related fees, costs and expenses.
    

    
      “Release” means any release, threatened release, spill,
      emission, leaking, pumping, pouring, emitting, emptying, escape,
      injection, deposit, disposal, discharge, dispersal, dumping, leaching or
      migration of Hazardous Material into or through the environment.
    

    
      “Remedial Action” means all actions required under
      Environmental Laws to (a) clean up, remove, treat or in any other way
      address any Hazardous Material in the indoor or outdoor environment, (b)
      prevent or minimize any Release so that a Hazardous Material does not
      migrate or endanger or threaten to endanger public health or welfare or
      the indoor or outdoor environment or (c) perform pre-remedial studies
      and investigations and post-remedial monitoring and care with respect to
      any Hazardous Material.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          22
        

        
          

        

      

      
        

        

      

    

    
      “Required Lenders” means, at any time, Lenders having at
      such time in excess of 50% of the sum of the Pro Rata Outstandings then
      in effect.
    

    
      “Requirements of Law” means, with respect to any Person,
      collectively, the common law and all federal, state, local, foreign,
      multinational or international laws, statutes, codes, treaties,
      standards, rules and regulations, guidelines, ordinances, orders,
      judgments, writs, injunctions, decrees (including administrative or
      judicial precedents or authorities) and the interpretation or
      administration thereof by, and other determinations, directives,
      requirements or requests of, any Governmental Authority, in each case
      whether or not having the force of law and that are applicable to or
      binding upon such Person or any of its property or to which such Person
      or any of its property is subject.
    

    
      “Responsible Officer” means, with respect to any Person,
      any of the president, chief executive officer, treasurer, assistant
      treasurer, controller, managing member or general partner of such Person
      but, in any event, with respect to financial matters, any such officer
      that is responsible for preparing the Financial Statements delivered
      hereunder and, with respect to the Corporate Chart and other documents
      delivered pursuant to Section 6.1(e), documents delivered on
      the Closing Date and documents delivered pursuant to Section 7.10,
      the secretary or assistant secretary of such Person or any other officer
      responsible for maintaining the corporate and similar records of such
      Person.
    

    
      “Restricted Payment” means (a) any dividend, return of
      capital, distribution or any other payment or Sale of property for less
      than fair market value, whether direct or indirect (including through
      the use of Hedging Agreements, the making, repayment, cancellation or
      forgiveness of Indebtedness and similar Contractual Obligations) and
      whether in cash, Securities or other property, on account of any Stock
      or Stock Equivalent of the Borrower or any of its Subsidiaries, in each
      case now or hereafter outstanding, including with respect to a claim for
      rescission of a Sale of such Stock or Stock Equivalent and (b) any
      redemption, retirement, termination, defeasance, cancellation, purchase
      or other acquisition for value, whether direct or indirect (including
      through the use of Hedging Agreements, the making, repayment,
      cancellation or forgiveness of Indebtedness and similar Contractual
      Obligations), of any Stock or Stock Equivalent of any Group Member or of
      any direct or indirect parent entity of the Borrower, now or hereafter
      outstanding, and any payment or other transfer setting aside funds for
      any such redemption, retirement, termination, cancellation, purchase or
      other acquisition, whether directly or indirectly and whether to a
      sinking fund, a similar fund or otherwise.
    

    
      “Revolving Credit Administrative Agent” means General
      Electric Capital Corporation, in its capacity as administrative agent
      under the Revolving Credit Agreement.
    

    
      “Revolving Credit Agreement” shall mean that certain Credit
      Agreement dated as of the date hereof among the Borrower, the other Loan
      Parties, the lenders named therein, and the Revolving Credit
      Administrative Agent, as the same may from time to time be amended,
      restated, replaced, supplemented or otherwise modified solely as
      permitted by the Intercreditor Agreement.
    

    
      “Revolving Loan Documents” shall have the meaning specified
      for the term “Loan Documents” in the Revolving Credit Agreement.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          23
        

        
          

        

      

      
        

        

      

    

    
      “Revolving Obligations” shall have the meaning specified
      for the term “Revolving Credit Obligations” in the Intercreditor
      Agreement and shall include all increases thereto permitted by the
      Intercreditor Agreement.
    

    
      “S&P” means Standard & Poor’s Rating Services.
    

    
      “Sale and Leaseback Transaction” means, with respect to any
      Person (the “obligor”), any Contractual Obligation or other
      arrangement with any other Person (the “counterparty”)
      consisting of a lease by such obligor of any property that, directly or
      indirectly, has been or is to be Sold by the obligor to such
      counterparty or to any other Person to whom funds have been advanced by
      such counterparty based on a Lien on, or an assignment of, such property
      or any obligations of such obligor under such lease.
    

    
      “Satisfaction Date” means the date on which the events
      described in Section 10.10(b)(iii)(A), (B) and (C)
      occur.
    

    
      “Scheduled Maturity Date” means April 20, 2009.
    

    
      “Secured Hedging Agreement” means any Hedging Agreement
      that (a) has been entered into with a Secured Hedging Counterparty, (b)
      in the case of a Hedging Agreement not entered into with or provided or
      arranged by the Administrative Agent or an Affiliate of the
      Administrative Agent, is expressly identified as being a “Secured
      Hedging Agreement” hereunder in a joint notice from such Loan Party and
      such Person delivered to the Administrative Agent reasonably promptly
      after the execution of such Hedging Agreement and (c) meets the
      requirements of Section 8.1(f).
    

    
      “Secured Hedging Counterparty” means (a) a Person who has
      entered into a Hedging Agreement with a Loan Party if such Hedging
      Agreement was provided or arranged by the Administrative Agent or an
      Affiliate of the Administrative Agent, and any assignee of such Person
      or (b) a Lender or an Affiliate of a Lender who has entered into a
      Hedging Agreement with a Loan Party (or a Person who was a Lender or an
      Affiliate of a Lender at the time of execution and delivery of the
      Hedging Agreement).
    

    
      “Secured Parties” means the Lenders, the Administrative
      Agent, the Collateral Agent, any Secured Hedging Counterparty, each
      other Indemnitee and any other holder of any Obligation of any Loan
      Party.
    

    
      “Security” means all Stock, Stock Equivalents, voting trust
      certificates, bonds, debentures, instruments and other evidence of
      Indebtedness, whether or not secured, convertible or subordinated, all
      certificates of interest, share or participation in, all certificates
      for the acquisition of, and all warrants, options and other rights to
      acquire, any Security.
    

    
      “Sell” means, with respect to any property, to sell,
      convey, transfer, assign, license, lease (as lessor) or otherwise
      dispose of, any interest therein or to permit any Person to acquire any
      such interest, including, in each case, through a Sale and Leaseback
      Transaction or through a sale, factoring at maturity, collection of or
      other disposal, with or without recourse, of any notes or accounts
      receivable.  Conjugated forms thereof and the noun “Sale”
      have correlative meanings.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          24
        

        
          

        

      

      
        

        

      

    

    
      “Senior Notes” means the “Notes” (as defined in the Senior
      Notes Indenture) and “Exchange Notes” issued in exchange therefor in
      accordance with the terms of the Senior Notes Indenture, not exceeding
      an aggregate principal amount of $165,000,000.
    

    
      “Senior Notes Indenture” means the Indenture, dated as of
      June 9, 2003, by and among the Borrower, the guarantors named therein,
      and The Bank of New York, as Trustee, relating to the Borrower’s 10 3/4%
      Senior Second Secured Notes due 2008, as amended, modified or
      supplemented from time to time in accordance with its terms and the
      terms hereof.
    

    
      “Senior Subordinated Notes” means the “Notes” (as defined
      in the Senior Subordinated Notes Indenture) in an aggregate principal
      amount not exceeding $155,000,000.
    

    
      “Senior Subordinated Notes Indenture” means the Indenture,
      dated as of June 16, 2000 among the Borrower, the guarantors party
      thereto and United States Trust Company, as Trustee, relating to The
      Borrower’s 13% Senior Subordinated Notes due 2009, as supplemented
      through the Closing Date and as subsequently amended, modified or
      supplemented in accordance with its term and the terms of this Agreement.
    

    
      “Solvent” means, with respect to any Person on a particular
      date, that on such date (a) the fair value of the property of such
      Person is greater than the total amount of liabilities, including
      subordinated and contingent liabilities, of such Person; (b) the present
      fair saleable value of the assets of such Person is not less than the
      amount that will be required to pay the probable liability of such
      Person on its debts and liabilities, including subordinated and
      contingent liabilities as they become absolute and matured; (c) such
      Person does not intend to, and does not believe that it will, incur
      debts or liabilities beyond such Person’s ability to pay as such debts
      and liabilities mature; and (d) such Person is not engaged in a business
      or transaction, and is not about to engage in a business or transaction,
      for which such Person’s property would constitute an unreasonably small
      capital.  The amount of contingent liabilities (such as litigation,
      guaranties and pension plan liabilities) at any time shall be computed
      as the amount that, in light of all the facts and circumstances existing
      at the time, represents the amount that can be reasonably be expected to
      become an actual or matured liability.
    

    
      “SPV” means any special purpose funding vehicle identified
      as such in a writing by any Lender to the Administrative Agent.
    

    
      “Stock” means all shares of capital stock (whether
      denominated as common stock or preferred stock), equity interests,
      beneficial, partnership or membership interests, joint venture
      interests, participations or other ownership or profit interests in or
      equivalents (regardless of how designated) of or in a Person (other than
      an individual), whether voting or non-voting.
    

    
      “Stock Equivalents” means all securities convertible into
      or exchangeable for Stock or any other Stock Equivalent and all
      warrants, options or other rights to purchase, subscribe for or
      otherwise acquire any Stock or any other Stock Equivalent, whether or
      not presently convertible, exchangeable or exercisable.
    

    
      “Subordinated Debt” means any Indebtedness that is
      subordinated to the payment in full of the Obligations on terms and
      conditions reasonably satisfactory to the Administrative Agent,
      including any Indebtedness under the Senior Subordinated Notes.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          25
        

        
          

        

      

      
        

        

      

    

    
      “Subordinated Refinancing Indebtedness” means any
      Indebtedness, whether or not constituting Subordinated Debt, resulting
      from any initial or subsequent Permitted Refinancing of Subordinated
      Debt.
    

    
      “Subsidiary” means, with respect to any Person, any
      corporation, partnership, joint venture, limited liability company,
      association or other entity, the management of which is, directly or
      indirectly, controlled by, or of which an aggregate of more than 50% of
      the outstanding Voting Stock is, at the time, owned or controlled
      directly or indirectly by, such Person or one or more Subsidiaries of
      such Person.
    

    
      “Substitute Lender” has the meaning specified in Section 2.18(a).
    

    
      “SWDA” means the Solid Waste Disposal Act (42 U.S.C. §§
      6901 et seq.).
    

    
      “Tax Affiliate” means, (a) the Borrower and its
      Subsidiaries and (b) any Affiliate of the Borrower with which the
      Borrower files or is eligible to file consolidated, combined or unitary
      tax returns.
    

    
      “Tax Return” has the meaning specified in Section 4.8.
    

    
      “Taxes” has the meaning specified in Section 2.17(a).
    

    
      “Term Loan” has the meaning specified in Section 2.1.
    

    
      “Term Loan Facility” means the Commitments and the
      provisions herein related to the Term Loans.
    

    
      “Title IV Plan” means a pension plan subject to Title IV of
      ERISA, other than a Multiemployer Plan, to which any ERISA Affiliate
      incurs or otherwise has any obligation or liability, contingent or
      otherwise.
    

    
      “Trademarks” means all rights, title and interests (and all
      related IP Ancillary Rights) arising under any Requirement of Law in or
      relating to trademarks, trade names, corporate names, company names,
      business names, fictitious business names, trade styles, service marks,
      logos and other source or business identifiers and, in each case, all
      goodwill associated therewith, all registrations and recordations
      thereof and all applications in connection therewith.
    

    
      “Trade Secrets” means all right, title and interest (and
      all related IP Ancillary Rights) arising under any Requirement of Law in
      or relating to trade secrets.
    

    
      “UCC” means the Uniform Commercial Code of any applicable
      jurisdiction and, if the applicable jurisdiction shall not have any
      Uniform Commercial Code, the Uniform Commercial Code as in effect in the
      State of New York.
    

    
      “United States” means the United States of America.
    

    
      “U.S. Lender Party” means each of the Administrative Agent,
      the Collateral Agent, each Lender, each SPV and each participant, in
      each case that is a Domestic Person.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          26
        

        
          

        

      

      
        

        

      

    

    
      “Voting Agreement” means any voting trust or similar
      agreement among current and/or former members of the management of
      Borrower and Odyssey Investment Partners and/or one or more of its
      Related Parties pursuant to which such current and/or former members of
      management grant Odyssey Investment Partners and/or its Related Parties
      the right to vote shares of Borrower’s Stock.
    

    
      “Voting Stock” means Stock of any Person having ordinary
      power to vote in the election of members of the board of directors,
      managers, trustees or other controlling Persons, of such Person
      (irrespective of whether, at the time, Stock of any other class or
      classes of such entity shall have or might have voting power by reason
      of the occurrence of any contingency).
    

    
      “Wholly Owned Subsidiary” of any Person means any
      Subsidiary of such Person, all of the Stock of which (other than nominal
      holdings and director’s qualifying shares) is owned by such Person,
      either directly or through one or more Wholly Owned Subsidiaries of such
      Person.
    

    
      “Withdrawal Liability” means, at any time, any liability
      incurred (whether or not assessed) by any ERISA Affiliate and not yet
      satisfied or paid in full at such time with respect to any Multiemployer
      Plan pursuant to Section 4201 of ERISA.
    

    
      “Working Capital” means, for any Person at any date, its
      Consolidated Current Assets at such date minus its Consolidated
      Current Liabilities at such date.
    

    
      Section 1.2  UCC Terms.  The following terms
      have the meanings given to them in the applicable UCC:  “commodity
      account”, “commodity contract”, “commodity intermediary”, “deposit
      account”, “entitlement holder”, “entitlement order”, “equipment”,
      “financial asset”, “general intangible”, “goods”, “instruments”,
      “inventory”, “securities account”, “securities intermediary” and
      “security entitlement”.
    

    
      Section 1.3  Accounting Terms and Principles.  (a)  GAAP.  All
      accounting determinations required to be made pursuant hereto shall,
      unless expressly otherwise provided herein, be made in accordance with
      GAAP.  No change in the accounting principles used in the preparation of
      any Financial Statement hereafter adopted by the Borrower shall be given
      effect if such change would affect a calculation that measures
      compliance with any provision of Article V or VIII
      unless the Borrower, the Administrative Agent and the Required Lenders
      agree to modify such provisions to reflect such changes in GAAP and,
      unless such provisions are modified, all Financial Statements,
      Compliance Certificates and similar documents provided hereunder shall
      be provided together with a reconciliation between the calculations and
      amounts set forth therein before and after giving effect to such change
      in GAAP.
    

    
      (b)  Pro Forma.  All components of financial
      calculations made to determine compliance with Article V or VIII
      shall be adjusted on a Pro Forma Basis to include or exclude, as the
      case may be, without duplication, such components of such calculations
      attributable to any Pro Forma Transaction consummated after the first
      day of the applicable period of determination and prior to the end of
      such period, as determined in good faith by the Borrower based on
      assumptions expressed therein and that were reasonable based on the
      information available to the Borrower at the time of preparation of the
      Compliance Certificate setting forth such calculations.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          27
        

        
          

        

      

      
        

        

      

    

    
      Section 1.4  Payments.  The Administrative Agent
      may set up standards and procedures to determine or redetermine the
      equivalent in Dollars of any amount expressed in any currency other than
      Dollars and otherwise may, but shall not be obligated to, rely on any
      determination made by any Loan Party.  Any such determination or
      redetermination by the Administrative Agent shall be conclusive and
      binding for all purposes, absent manifest error.  No determination or
      redetermination by any Secured Party or Loan Party and no other currency
      conversion shall change or release any obligation of any Loan Party or
      of any Secured Party (other than the Administrative Agent and its
      Related Persons) under any Loan Document, each of which agrees to pay
      separately for any shortfall remaining after any conversion and payment
      of the amount as converted.  The Administrative Agent may round up or
      down, and may set up appropriate mechanisms to round up or down, any
      amount hereunder to nearest higher or lower amounts and may determine
      reasonable de minimis payment thresholds.
    

    
      Section 1.5  Interpretation.  (a)  Certain
      Terms.  Except as set forth in any Loan Document, all accounting
      terms not specifically defined herein shall be construed in accordance
      with GAAP (except for the term “property”, which shall be
      interpreted as broadly as possible, including, in any case, cash,
      Securities, other assets, rights under Contractual Obligations and
      Permits and any right or interest in any property).  The terms “herein”,
      “hereof” and similar terms refer to this Agreement as a
      whole.  In the computation of periods of time from a specified date to a
      later specified date in any Loan Document, the terms “from”
      means “from and including” and the words “to”
      and “until” each mean “to but excluding” and the word “through”
      means “to and including.”  In any other case, the term “including”
      when used in any Loan Document means “including without
      limitation.”  The term “documents” means
      all writings, however evidenced and whether in physical or electronic
      form, including all documents, instruments, agreements, notices,
      demands, certificates, forms, financial statements, opinions and
      reports.  The term “incur” means incur, create,
      make, issue, assume or otherwise become directly or indirectly liable in
      respect of or responsible for, in each case whether directly or
      indirectly, and the terms “incurrence” and “incurred” and similar
      derivatives shall have correlative meanings.  All references to a time
      of day shall refer to such time of day in New York.  In this Agreement,
      each other Loan Document, and each other instrument or document executed
      or filed in connection therewith, the term “Administrative Agent” shall
      refer to the Primary Administrative Agent, and the terms “Administrative
      Agent and Collateral Agent”, “administrative agent and collateral
      agent”, “Collateral Agent and Administrative Agent” and “collateral
      agent and administrative agent” shall refer to the Collateral Agent;
      provided that, in the Mortgages, the term “Administrative Agent” shall
      refer to the Collateral Agent and not to the Primary Administrative
      Agent.  
    

    
      (b)  Certain References.  Unless otherwise expressly
      indicated, references (i) in this Agreement to an Exhibit, Schedule,
      Article, Section or clause refer to the appropriate Exhibit or Schedule
      to, or Article, Section or clause in, this Agreement and (ii) in any
      Loan Document, to (A) any agreement shall include, without limitation,
      all exhibits, schedules, appendixes and annexes to such agreement and,
      unless the prior consent of any Secured Party required therefor is not
      obtained, any modification to any term of such agreement, (B) any
      statute shall be to such statute as modified from time to time and to
      any successor legislation thereto, in each case as in effect at the time
      any such reference is operative and (C) any time of day shall be a
      reference to New York time.  Titles of articles, sections, clauses,
      exhibits, schedules and annexes contained in any Loan Document are
      without substantive meaning or content of any kind whatsoever and are
      not a part of the agreement between the parties hereto.  Unless
      otherwise expressly indicated, the meaning of any term defined
      (including by reference) in any Loan Document shall be equally
      applicable to both the singular and plural forms of such term.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          28
        

        
          

        

      

      
        

        

      

    

    
      ARTICLE 2  
THE TERM LOAN FACILITY
    

    
      Section 2.1  The Commitments.  On the terms and
      subject to the conditions contained in this Agreement, each Lender
      severally, but not jointly, agrees to make a loan (each such loan,
      together with each PIK Loan, being referred to herein as a “Term
      Loan”) in Dollars to the Borrower on the Closing Date, in an amount
      not to exceed such Lender’s Commitment.  Amounts of Term Loans repaid
      may not be reborrowed.
    

    
      Section 2.2  Borrowing Procedures.  (a)  Notice
      From the Borrower.  The borrowing of the Term Loans (other than PIK
      Loans) shall be made on notice given by the Borrower to the
      Administrative Agent not later than 1:00 p.m. (New York time) on (i) the
      first Business Day, in the case of a borrowing of Base Rate Loans and
      (ii) the third Business Day, in the case of a borrowing of Eurodollar
      Rate Loans, prior to the Closing Date.  Each such notice may be made in
      a writing substantially in the form of Exhibit C (a “Notice
      of Borrowing”) duly completed or by telephone if confirmed promptly,
      but in any event within one Business Day and prior to such borrowing,
      with such a Notice of Borrowing.  The Term Loans shall be made as Base
      Rate Loans unless, outside of a suspension period pursuant to Section 2.15,
      the Notice of Borrowing specifies that all or a portion thereof shall be
      Eurodollar Rate Loans.  
    

    
      (b)  Notice to Each Lender.  The Administrative Agent
      shall give to each Lender prompt notice of the Administrative Agent’s
      receipt of a Notice of Borrowing and, if Eurodollar Rate Loans are
      properly requested in such Notice of Borrowing, prompt notice of the
      applicable interest rate.  Each Lender shall, before 3:00 p.m. (New York
      time) on the Closing Date and before 1:00 p.m. (New York time) on the
      Closing Date in the case of Eurodollar Rate Loans, make available to the
      Administrative Agent at its address referred to in Section 11.11,
      such Lender’s Pro Rata Share of the Term Loans.  Upon fulfillment or due
      waiver (i) on the Closing Date, of the applicable conditions set forth
      in Section 3.1, the Administrative Agent shall make such funds
      available to the Borrower.
    

    
      Section 2.3  Omitted.
    

    
      Section 2.4  Omitted.
    

    
      Section 2.5  Omitted.
    

    
      Section 2.6  Repayment of Term Loans.  The
      Borrower promises to repay the Term Loans at the dates and in the
      amounts set forth below, with the remaining balance to be paid on the
      Scheduled Maturity Date:
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          29
        

        
          

        

      

      
        

        

      

    

    
    	
          DATE
        	
          AMOUNT
        
	
          June 30, 2008
        	
          $250,000
        
	
          September 30, 2008
        	
          $250,000
        
	
          December 31, 2008
        	
          $250,000
        
	
          March 31, 2009
        	
          $250,000
        
	
          June 30, 2009
        	
          $250,000
        
	
          September 30, 2009
        	
          $250,000
        
	
          December 31, 2009
        	
          $250,000
        
	
          March 31, 2010
        	
          $250,000
        
	
          June 30, 2010
        	
          $250,000
        
	
          September 30, 2010
        	
          $250,000
        
	
          December 31, 2010
        	
          $250,000
        
	
          March 31, 2011
        	
          $250,000
        
	
          June 30, 2011
        	
          $250,000
        
	
          September 30, 2011
        	
          $250,000
        
	
          December 31, 2011
        	
          $250,000
        
	
          March 31, 2012
        	
          $250,000
        
	
          June 30, 2012
        	
          $250,000
        
	
          September 30, 2012
        	
          $250,000
        
	
          December 31, 2012
        	
          $250,000
        
	
          March 31, 2013
        	
          $250,000
        
	
          June 30, 2013
        	
          $250,000
        
	
          September 30, 2013
        	
          $250,000
        
	
          December 31, 2013
        	
          $250,000
        
	
          Scheduled Maturity Date
        	
          $94,250,000
        

    

    
      Section 2.7  Optional Prepayments.  The Borrower
      may prepay the outstanding principal amount of the Term Loans without
      premium of penalty in whole or in part at any time (together with any
      breakage costs that may be owing pursuant to Section 2.16(a)
      after giving effect to such prepayment); provided, however,
      that each partial prepayment that is not of the entire outstanding
      amount shall be in an aggregate amount that is an integral multiple of
      $1,000,000 and shall be applied to the Term Loans of the Lenders
      in accordance with their Pro Rata Shares.
    

    
      Section 2.8  Mandatory Prepayments.
    

    
      (a)  Excess Cash Flow. The Borrower shall pay or
      cause to be paid to the Administrative Agent, within 5 Business Days
      after the last date Financial Statements are required to be delivered
      pursuant to Section 6.1(c) for any Fiscal Year beginning
      with the Fiscal Year ending December 31, 2009, an amount equal to 75% of
      the Excess Cash Flow for such Fiscal Year; provided, however,
      that should the Consolidated Leverage Ratio of the Borrower on the last
      day of such Fiscal Year be (i) less than 4:1 and greater than or equal
      to 3.5:1, such percentage shall be reduced to 50%; or (iii) less than
      3.5:1, such percentage shall be reduced to 25%.
    

    
      (b)  Debt Issuances.  Upon receipt on
      or after the Closing Date by any Loan Party or any of its Subsidiaries
      of Net Cash Proceeds arising from the incurrence by any Loan Party or
      any of its Subsidiaries of Indebtedness of the type specified in clause
      (a) or (b) of the definition thereof (other than any such Indebtedness
      permitted to be incurred under Section 8.1), the Borrower shall
      immediately pay or cause to be paid to the Administrative Agent an
      amount equal to 50% of such Net Cash Proceeds.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          30
        

        
          

        

      

      
        

        

      

    

    
      (c)  Asset Sales and Property Loss Events.  Upon
      receipt on or after the Closing Date by any Loan Party or any of its
      Subsidiaries of Net Cash Proceeds arising from (i) any Sale by any Group
      Member of any Collateral, to the extent that such Net Cash Proceeds
      exceed $1,000,000 in any Fiscal Year, other than Sales of
      property permitted hereunder in reliance upon any of clauses (a)
      through (d) of Section 8.4 or (ii) any Property Loss
      Event with respect to any Collateral of any Group Member to the extent
      resulting, in the aggregate with all other such Property Loss Events, in
      the receipt by any of them of Net Cash Proceeds in excess of $1,000,000,
      the Borrower shall immediately pay or cause to be paid to the
      Administrative Agent an amount equal to 100% of such Net Cash Proceeds; provided,
      however, that, upon any such receipt, as long as no Event of
      Default shall be continuing, any Group Member may make Permitted
      Reinvestments with such Net Cash Proceeds and the Borrower shall not be
      required to make or cause such payment to the extent (x) such Net Cash
      Proceeds are intended to be used to make Permitted Reinvestments and (y)
      on each Reinvestment Prepayment Date for such Net Cash Proceeds, the
      Borrower shall pay or cause to be paid to the Administrative Agent an
      amount equal to the Reinvestment Prepayment Amount applicable to such
      Reinvestment Prepayment Date and such Net Cash Proceeds.
    

    
      (d)  Application of Payments.  Any payments made to the
      Administrative Agent pursuant to this Section 2.8 shall be
      applied to the Obligations in accordance with Section 2.12(b).
    

    
      Section 2.9  Interest.  (a)  Rate.  The
      Term Loans and the outstanding amount of all other Obligations (other
      than pursuant to Secured Hedging Agreements) shall bear interest, in the
      case of the Term Loans (other than PIK Loans), on the unpaid principal
      amount thereof from the Closing Date, in the case of PIK Loans, on the
      unpaid principal amount thereof from the date deemed made, and, in the
      case of such other Obligations, from the date such other Obligations are
      due and payable until, in all cases, paid in full, except as otherwise
      provided in clause (c) below, as follows:  (i) in the case of
      Base Rate Loans, at a rate per annum equal to the sum of the Base Rate
      and the Applicable Margin, each as in effect from time to time, (ii) in
      the case of Eurodollar Rate Loans, at a rate per annum equal to the sum
      of the Eurodollar Rate and the Applicable Margin, each as in effect for
      the applicable Interest Period, and (iii) in the case of other
      Obligations, at a rate per annum equal to the sum of the Base Rate and
      the Applicable Margin for Revolving Loans that are Base Rate Loans, each
      as in effect from time to time.  PIK Loans shall initially be Base Rate
      Loans and may be converted to Eurodollar Rate Loans subsequently in
      accordance with Section 2.10.
    

    
      (b)  Payments.  Interest accrued shall be payable in
      arrears (i) if accrued on the principal amount of any Loan, (A) at
      maturity (whether by acceleration or otherwise), (B) (1) if such Term
      Loan is a Base Rate Loan, on the last day of each calendar quarter
      commencing on the first such day following the making of such Loan, (2)
      if such Term Loan is a Eurodollar Rate Loan, on the last day of each
      Interest Period applicable to such Term Loan and, if applicable, on each
      date during such Interest Period occurring every 3 months from the first
      day of such Interest Period, provided, that from and after the
      Amendment No. 3 Effective Date, in lieu of payments every three months
      from the first day of such Interest Period, payments of interest on
      Eurodollar Loans shall be made on the last day of each calendar month
      within such Interest Period, and (ii) if accrued on any other
      Obligation, on demand from any after the time such Obligation is due and
      payable (whether by acceleration or otherwise).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          31
        

        
          

        

      

      
        

        

      

    

    
      (c)  Default Interest.  Notwithstanding the rates of
      interest specified in clause (a) above or elsewhere in any
      Loan Document, effective immediately upon (A) the occurrence of any
      Event of Default under Section 9.1(a), Section 9.1(d) or Section 9.1(e)(ii)
      or (B) the delivery of a notice by the Administrative Agent or the
      Required Lenders to the Borrower during the continuance of any other
      Event of Default pursuant to Sections 9.1(a), 9.1(c)(i), 9.1(d),
      9.1(e)(i), 9.1(e)(iii) or 9.1(f) and, in each case,
      for as long as such Event of Default shall be continuing, the principal
      balance of all Obligations (including any Obligation that bears interest
      by reference to the rate applicable to any other Obligation) then due
      and payable shall bear interest at a rate that is 2% per annum in excess
      of the interest rate applicable to such Obligations from time to time,
      payable on demand or, in the absence of demand, on the date that would
      otherwise be applicable.
    

    
      Section 2.10  Conversion and Continuation Options.  (a)  Option.  The
      Borrower may elect (i) in the case of any Eurodollar Rate Loan, (A) to
      continue such Eurodollar Rate Loan or any portion thereof for an
      additional Interest Period on the last day of the Interest Period
      applicable thereto and (B) to convert such Eurodollar Rate Loan or any
      portion thereof into a Base Rate Loan at any time on any Business Day,
      subject to the payment of any breakage costs required by Section 2.16(a),
      and (ii) in the case of Base Rate Loans, to convert such Base Rate Loans
      or any portion thereof into Eurodollar Rate Loans at any time on any
      Business Day upon 3 Business Days’ prior notice; provided, however,
      that, (x) for each Interest Period, the aggregate amount of Eurodollar
      Rate Loans having such Interest Period must be an integral multiple of
      $1,000,000 and (y) no conversion in whole or in part of Base Rate Loans
      to Eurodollar Rate Loans and no continuation in whole or in part of
      Eurodollar Rate Loans shall be permitted at any time at which (1) an
      Event of Default shall be continuing and the Administrative Agent or the
      Required Lenders shall have determined in their sole discretion not to
      permit such conversions or continuations or (2) such continuation or
      conversion would be made during a suspension imposed by Section 2.15.  Notwithstanding
      anything to the contrary contained in this Agreement, from and after the
      Amendment No. 3 Effective Date, no Interest Period other than a one
      month Interest Period may be selected for the conversion to or
      continuation of any Eurodollar Rate Loan.
    

    
      (b)  Procedure.  Each such election shall be made by
      giving the Administrative Agent at least 3 Business Days’ prior notice
      in substantially the form of Exhibit F (a “Notice
      of Conversion or Continuation”) duly completed.  The Administrative
      Agent shall promptly notify each Lender of its receipt of a Notice of
      Conversion or Continuation and of the options selected therein.  If the
      Administrative Agent does not receive a timely Notice of Conversion or
      Continuation from the Borrower containing a permitted election to
      continue or convert any Eurodollar Rate Loan, then, upon the expiration
      of the applicable Interest Period, such Term Loan (or portion thereof)
      shall be automatically converted to a Base Rate Loan.  Each partial
      conversion or continuation shall be allocated ratably among the Lenders
      in accordance with their Pro Rata Share.
    

    
      Section 2.11  Fees.  The Borrower shall pay to
      the Administrative Agent and its Related Persons its reasonable and
      customary fees and expenses in connection with any payments made
      pursuant to Section 2.16(a) (Breakage Costs) and has
      agreed to pay the additional fees described in the Fee Letter.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          32
        

        
          

        

      

      
        

        

      

    

    
      Section 2.12  Application of Payments.  (a)  Application
      of Voluntary Prepayments.  Unless otherwise provided in this Section 2.12
      or elsewhere in any Loan Document, all payments and any other amounts
      received by the Administrative Agent from or for the benefit of the
      Borrower shall be applied to repay the Obligations the Borrower
      designates.
    

    
      (b)  Application of Mandatory Prepayments.  Subject to
      the provisions of clause (c) below with respect to the
      application of payments during the continuance of an Event of Default,
      any payment made by the Borrower to the Administrative Agent pursuant to Section 2.8
      or any other prepayment of the Obligations required to be applied in
      accordance with this clause (b) shall be applied first, to
      repay the outstanding principal balance of the Term Loans; and, then,
      except to the extent required to pay other Indebtedness of the Borrower,
      any excess shall be retained by the Borrower.
    

    
      (c)  Application of Payments During an Event of Default.  The
      Borrower hereby irrevocably waives, and agrees to cause each Loan Party
      and each other Group Member to waive, the right to direct the
      application during the continuance of an Event of Default of any and all
      payments in respect of any Obligation and any proceeds of Collateral and
      agrees that, notwithstanding the provisions of clause (a)
      above, the Administrative Agent may, and, upon either (A) the direction
      of the Required Lenders or (B) the termination of any Commitment or the
      acceleration of any Obligation pursuant to Section 9.2,
      shall, apply all payments in respect of any Obligation, all funds on
      deposit in any Cash Collateral Account and all other proceeds of
      Collateral (i) first, to pay Obligations in respect of any cost
      or expense reimbursements, fees or indemnities then due to the
      Administrative Agent, (ii) second, to pay Obligations in respect
      of any cost or expense reimbursements, fees or indemnities then due to
      the Lenders, (iii) third, to pay interest then due and payable in
      respect of the Term Loans, (iv) fourth, to repay the outstanding
      principal amounts of the Term Loans and to pay amounts owing with
      respect to Secured Hedging Agreements and (v) fifth, to the
      ratable payment of all other Obligations.
    

    
      (d)  Application of Payments Generally.  All repayments
      of any Term Loans shall be applied first, to repay that portion
      of the Term Loans outstanding as Base Rate Loans and then, to
      repay that portion of the Term Loans outstanding as Eurodollar Rate
      Loans, with those Eurodollar Rate Loans having earlier expiring Interest
      Periods being repaid prior to those having later expiring Interest
      Periods.  All repayments of Term Loans shall be applied pro rata among
      the Term Loans and to reduce ratably the remaining installments of such
      outstanding principal amounts of the Term Loans in the stated order of
      their maturities.  If sufficient amounts are not available to repay all
      outstanding Obligations described in any priority level set forth in
      this Section 2.12, the available amounts shall be applied,
      unless otherwise expressly specified herein, to such Obligations ratably
      based on the proportion of the Secured Parties’ interest in such
      Obligations.  Any priority level set forth in this Section 2.12
      that includes interest shall include all such interest, whether or not
      accruing after the filing of any petition in bankruptcy or the
      commencement of any insolvency, reorganization or similar proceeding,
      and whether or not a claim for post-filing or post-petition interest is
      allowed in any such proceeding.
    

    
      Section 2.13  Payments and Computations.  (a)  Procedure.  The
      Borrower shall make each payment under any Loan Document not later than
      2:00 p.m. (New York time) on the day when due to the Administrative
      Agent, except to the extent of amounts required, or elected by the
      Borrower in accordance with Section 2.19, to be capitalized as
      additional principal obligations, by wire transfer to the following
      account (or at such other account or by such other means to such other
      address as the Administrative Agent shall have notified the Borrower in
      writing within a reasonable time prior to such payment) in immediately
      available Dollars and without setoff or counterclaim:
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          33
        

        
          

        

      

      
        

        

      

    

    
      [Account to be specified by Silver Point Finance.]
    

    
      The Administrative Agent shall promptly thereafter cause to be
      distributed immediately available funds relating to the payment of
      principal, interest or fees to the Lenders, in accordance with the
      application of payments set forth in Section 2.1.  The
      Lenders shall make any payment under any Loan Document in immediately
      available Dollars and without setoff or counterclaim.  
    

    
      (b)  Computations of Interests and Fees.  All
      computations of interest and of fees shall be made by the Administrative
      Agent  on the basis of a year of 360 days (or, in the case of Base Rate
      Loans whose interest rate is calculated based on the rate set forth in clause
      (a) of the definition of “Base Rate”, 365/366 days), in each case
      for the actual number of days (including the first day but excluding the
      last day) occurring in the period for which such interest and fees are
      payable.  Each determination of an interest rate or the amount of a fee
      hereunder shall be made by the Administrative Agent (including
      determinations of a Eurodollar Rate or Base Rate in accordance with the
      definitions of “Eurodollar Rate” and “Base Rate”, respectively) and
      shall be conclusive, binding and final for all purposes, absent manifest
      error.
    

    
      (c)  Payment Dates.  Whenever any payment hereunder
      shall be stated to be due on a day other than a Business Day, the due
      date for such payment shall be extended to the next succeeding Business
      Day without any increase in such payment as a result of additional
      interest or fees; provided, however, that such interest
      and fees shall continue accruing as a result of such extension of time.
    

    
      (d)  Advancing Payments.  Unless the Administrative
      Agent shall have received notice from the Borrower to the Lenders prior
      to the date on which any payment is due hereunder that the Borrower will
      not make such payment in full, the Administrative Agent may assume that
      the Borrower has made such payment in full to the Administrative Agent
      on such date and the Administrative Agent may, in reliance upon such
      assumption, cause to be distributed to each Lender on such due date an
      amount equal to the amount then due such Lender.  If and to the extent
      that the Borrower shall not have made such payment in full to the
      Administrative Agent, each Lender shall repay to the Administrative
      Agent on demand such amount distributed to such Lender together with
      interest thereon (at the Federal Funds Rate for the first Business Day
      and thereafter, at the rate applicable to Base Rate Loans) for each day
      from the date such amount is distributed to such Lender until the date
      such Lender repays such amount to the Administrative Agent.
    

    
      Section 2.14  Evidence of Debt.  (a)  Records
      of Lenders.  Each Lender shall maintain in accordance with its usual
      practice accounts evidencing Indebtedness of the Borrower to such Lender
      resulting from each Term Loan of such Lender from time to time,
      including the amounts of principal and interest payable and paid to such
      Lender from time to time under this Agreement.  In addition, each Lender
      having sold a participation in any of its Obligations or having
      identified an SPV as such to the Administrative Agent, acting as agent
      of the Borrower solely for this purpose and solely for tax purposes,
      shall establish and maintain at its address referred to in Section 11.11
      (or at such other address as such Lender shall notify the Borrower) a
      record of ownership, in which such Lender shall register by book entry
      (A) the name and address of each such participant and SPV (and each
      change thereto, whether by assignment or otherwise) and (B) the rights,
      interest or obligation of each such participant and SPV in any
      Obligation, in any Commitment and in any right to receive any payment
      hereunder.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          34
        

        
          

        

      

      
        

        

      

    

    
      (b)  Records of Administrative Agent.  The
      Administrative Agent, acting as agent of the Borrower solely for tax
      purposes and solely with respect to the actions described in this Section 2.14,
      shall establish and maintain at its address referred to in Section 11.11
      (or at such other address as the Administrative Agent may notify the
      Borrower) (A) a record of ownership (the “Register”) in
      which the Administrative Agent agrees to register by book entry the
      interests (including any rights to receive payment hereunder) of the
      Administrative Agent and each Lender in each of their obligations under
      this Agreement to make each Term Loan, and any assignment of any such
      interest, obligation or right and (B) accounts in the Register in
      accordance with its usual practice in which it shall record (1) the
      names and addresses of the Lenders (and each change thereto pursuant to Section 2.18
      (Substitution of Lenders) and Section 11.2 (Assignments
      and Participations; Binding Effect)), (2) the Commitments of each
      Lender, (3) the amount of each Term Loan, and for Eurodollar Rate Loans,
      the Interest Period applicable thereto, (4) the amount of any principal
      or interest due and payable or paid and (5) any other payment received
      by the Administrative Agent from the Borrower and its application to the
      Obligations.
    

    
      (c)  Registered Obligations.  Notwithstanding anything
      to the contrary contained in this Agreement, the Term Loans (including
      any Notes evidencing such Term Loans) are registered obligations, the
      right, title and interest of the Lenders and their assignees in and to
      the Term Loans shall be transferable only upon notation of such transfer
      in the Register and no assignment thereof shall be effective until
      recorded therein.  This Section 2.14 and Section 11.2
      shall be construed so that the Term Loans are at all times maintained in
      “registered form” within the meaning of Sections 163(f),
      871(h)(2) and 881(c)(2) of the Code and any related regulations (and any
      successor provisions).
    

    
      (d)  Prima Facie Evidence.  The entries made in the
      Register and in the accounts maintained pursuant to clauses (a)
      and (b) above shall, to the extent permitted by applicable
      Requirements of Law, be prima facie evidence of the existence and
      amounts of the obligations recorded therein; provided, however,
      that no error in such account and no failure of any Lender or the
      Administrative Agent to maintain any such account shall affect the
      obligations of any Loan Party to repay the Term Loans in accordance with
      their terms.  In addition, the Loan Parties, the Administrative Agent
      and the Lenders shall treat each Person whose name is recorded in the
      Register as a Lender for all purposes of this Agreement.  Information
      contained in the Register with respect to any Lender shall be available
      for access by the Borrower, the Administrative Agent, such Lender at any
      reasonable time and from time to time upon reasonable prior notice.  No
      Lender shall, in such capacity, have access to or be otherwise permitted
      to review any information in the Register other than information with
      respect to such Lender unless otherwise agreed by the Administrative
      Agent.
    

    
      (e)  Notes.  Upon any Lender’s request, the Borrower
      shall promptly execute and deliver Notes to such Lender evidencing the
      Term Loan of such Lender and substantially in the form of Exhibit B;
      provided, however, that only one Note shall be issued to
      each Lender, except (i) to an existing Lender exchanging existing Notes
      to reflect changes in the Register relating to such Lender, in which
      case the new Notes delivered to such Lender shall be dated the date of
      the original Notes and (ii) in the case of loss, destruction or
      mutilation of existing Notes and similar circumstances.  Each Note, if
      issued, shall only be issued as means to evidence the right, title or
      interest of a Lender or a registered assignee in and to the related
      Loan, as set forth in the Register, and in no event shall any Note be
      considered a bearer instrument or obligation.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          35
        

        
          

        

      

      
        

        

      

    

    
      Section 2.15  Suspension of Eurodollar Rate Option.  Notwithstanding
      any provision to the contrary in this Article II, the
      following shall apply:
    

    
      (a)  Interest Rate Unascertainable, Inadequate or Unfair.  In
      the event that (A) the Administrative Agent determines that adequate and
      fair means do not exist for ascertaining the applicable interest rates
      by reference to which the Eurodollar Rate is determined or (B) the
      Required Lenders notify the Administrative Agent that the Eurodollar
      Rate for any Interest Period will not adequately reflect the cost to the
      Lenders of making or maintaining a Eurodollar Rate Loan for such
      Interest Period, the Administrative Agent shall promptly so notify the
      Borrower and the Lenders, whereupon the obligation of each Lender to
      make or to continue Eurodollar Rate Loans shall be suspended as provided
      in clause (c) below until the Administrative Agent shall notify
      the Borrower that the Required Lenders have determined that the
      circumstances causing such suspension no longer exist.
    

    
      (b)  Illegality.  If any Lender determines that the
      introduction of, or any change in or in the interpretation of, any
      Requirement of Law after the date of this Agreement shall make it
      unlawful, or any Governmental Authority shall assert that it is
      unlawful, for any Lender or its applicable lending office to make
      Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate
      Loans, then, on notice thereof and demand therefor by such Lender to the
      Borrower through the Administrative Agent, the obligation of such Lender
      to make or to continue Eurodollar Rate Loans shall be suspended as
      provided in clause (c) below until such Lender shall, through the
      Administrative Agent, notify the Borrower that it has determined that it
      may lawfully make Eurodollar Rate Loans.
    

    
      (c)  Effect of Suspension.  If the obligation of any
      Lender to make or to continue Eurodollar Rate Loans is suspended, (A)
      the obligation of such Lender to convert Base Rate Loans into Eurodollar
      Rate Loans shall be suspended, (B) such Lender shall make a Base Rate
      Loan at any time such Lender would otherwise be obligated to make a
      Eurodollar Rate Loan, (C) the Borrower may revoke any pending Notice of
      Borrowing or Notice of Conversion or Continuation to make or continue
      any Eurodollar Rate Loan or to convert any Base Rate Loan into a
      Eurodollar Rate Loan and (D) each Eurodollar Rate Loan of such Lender
      shall automatically and immediately (or, in the case of any suspension
      pursuant to clause (a) above, on the last day of the current
      Interest Period thereof) be converted into a Base Rate Loan.
    

    
      Section 2.16  Breakage Costs; Increased Costs;
      Capital Requirements.  (a)  Breakage Costs.  The
      Borrower shall compensate each Lender, upon demand from such Lender to
      the Borrower (with copy to the Administrative Agent), for all
      Liabilities (including, in each case, those incurred by reason of the
      liquidation or reemployment of deposits or other funds acquired by such
      Lender to prepare to fund, to fund or to maintain the Eurodollar Rate
      Loans of such Lender to the Borrower but excluding any loss of the
      Applicable Margin on the relevant Eurodollar Rate Loans) that such
      Lender may incur (A) to the extent, for any reason other than solely by
      reason of such Lender being a Non-Funding Lender, a proposed borrowing,
      conversion into or continuation of Eurodollar Rate Loans does not occur
      on a date specified therefor in a Notice of Borrowing or a Notice of
      Conversion or Continuation or in a similar request made by telephone by
      the Borrower, (B) to the extent any Eurodollar Rate Loan is paid
      (whether through a scheduled, optional or mandatory prepayment) or
      converted to a Base Rate Loan (including because of Section 2.15)
      on a date that is not the last day of the applicable Interest Period or
      (C) as a consequence of any failure by the Borrower to repay Eurodollar
      Rate Loans when required by the terms hereof.  For purposes of this clause
      (a), each Lender shall be deemed to have funded each Eurodollar Rate
      Loan made by it using a matching deposit or other borrowing in the
      London interbank market.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          36
        

        
          

        

      

      
        

        

      

    

    
      (b)  Increased Costs.  If at any time any Lender
      determines that, after the date hereof, the adoption of, or any change
      in or in the interpretation, application or administration of, or
      compliance with, any Requirement of Law (other than any imposition or
      increase of Eurodollar Reserve Requirements) from any Governmental
      Authority shall have the effect of (i) increasing the cost to such
      Lender of making, funding or maintaining any Eurodollar Rate Loan or to
      agree to do so or of participating, or agreeing to participate, in
      extensions of credit, or (ii) imposing any other cost to such Lender
      with respect to compliance with its obligations under any Loan Document,
      then, upon demand by such Lender (with copy to the Administrative
      Agent), the Borrower shall pay to the Administrative Agent for the
      account of such Lender amounts sufficient to compensate such Lender for
      such increased cost; provided, however, that this Section 2.16(b)
      shall not apply to any increase in or imposition of any taxes which
      shall be governed by Section 2.17.
    

    
      (c)  Increased Capital Requirements.  If at any time
      any Lender determines that, after the date hereof, the adoption of, or
      any change in or in the interpretation, application or administration
      of, or compliance with, any Requirement of Law (other than any
      imposition or increase of Eurodollar Reserve Requirements) from any
      Governmental Authority regarding capital adequacy, reserves, special
      deposits, compulsory loans, insurance charges against property of,
      deposits with or for the account of, Obligations owing to, or other
      credit extended or participated in by, any Lender or any similar
      requirement (in each case other than any imposition or increase of
      Eurodollar Reserve Requirements) shall have the effect of reducing the
      rate of return on the capital of such Lender’s (or any corporation
      controlling such Lender) as a consequence of its obligations under or
      with respect to any Loan Document to a level below that which, taking
      into account the capital adequacy policies of such Lender or
      corporation, such Lender or corporation could have achieved but for such
      adoption or change, then, upon demand from time to time by such Lender
      (with a copy of such demand to the Administrative Agent), the Borrower
      shall pay to the Administrative Agent for the account of such Lender
      amounts sufficient to compensate such Lender for such reduction.
    

    
      (d)  Compensation Certificate.  Each demand for
      compensation under this Section 2.16 shall be accompanied by
      a certificate of the Lender claiming such compensation, setting forth
      the amounts to be paid hereunder, which certificate shall be conclusive,
      binding and final for all purposes, absent manifest error.  In
      determining such amount, such Lender may use any reasonable averaging
      and attribution methods.
    

    
      Section 2.17  Taxes.  (a)  Payments
      Free and Clear of Taxes.  Except as otherwise provided in this Section 2.17,
      each payment by any Loan Party under any Loan Document shall be made
      free and clear of and without deduction for all present or future taxes,
      levies, imposts, deductions, charges or withholdings and all liabilities
      with respect thereto (and without deduction for any of them)
      (collectively, the “Taxes”) other than for (i) taxes
      measured by net income (including branch profits taxes) and franchise
      taxes imposed in lieu of net income taxes, in each case imposed on any
      Secured Party as a result of a present or former connection between such
      Secured Party and the jurisdiction of the Governmental Authority
      imposing such tax or any political subdivision or taxing authority
      thereof or therein (other than such connection arising solely from any
      Secured Party having executed, delivered or performed its obligations or
      received a payment under, or enforced, any Loan Document) or (ii) taxes
      that are directly attributable to the failure (other than as a result of
      a change in any Requirement of Law) by any Secured Party to deliver the
      documentation required to be delivered pursuant to clause (f)
      below (all such non-excluded taxes, “Non-Excluded Taxes”).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          37
        

        
          

        

      

      
        

        

      

    

    
      (b)  Gross-Up.  If any Taxes shall be required by law
      to be deducted from or in respect of any amount payable under any Loan
      Document (other than any Secured Hedging Agreement) to any Secured Party
      (i) in the case of Non-Excluded Taxes, such amount shall be increased as
      necessary to ensure that, after all required deductions for Non-Excluded
      Taxes are made (including deductions of Non-Excluded Taxes applicable to
      any increases to any amount under this Section 2.17), such
      Secured Party receives the amount it would have received had no such
      deductions been made, (ii) the relevant Loan Party shall make deductions
      for all relevant Taxes, (iii) the relevant Loan Party shall timely pay
      the full amount deducted to the relevant taxing authority or other
      authority in accordance with applicable Requirements of Law and
      (iv) within 30 days after such payment is made, the relevant Loan Party
      shall deliver to the Administrative Agent an original or certified copy
      of a receipt evidencing such payment or, if a receipt is not available,
      other evidence of payment reasonably satisfactory to the Administrative
      Agent in the Administrative Agent’s sole discretion; provided,
      however, that no such increase shall be made with respect to, and
      no Loan Party shall be required to indemnify any such Secured Party
      pursuant to clause (d) below for, withholding taxes to the
      extent that the obligation to withhold amounts existed on the date that
      such Secured Party became a “Secured Party” under this Agreement in the
      capacity under which such Secured Party makes a claim under this clause
      (b), except in each case to the extent such Secured Party is a
      direct or indirect assignee (other than pursuant to Section 2.18
      (Substitution of Lenders)) of any other Secured Party that was
      entitled, at the time the assignment of such other Secured Party became
      effective, to receive additional amounts under this clause (b).
    

    
      (c)  Other Taxes.  In addition, the Borrower agrees to
      pay, and authorizes the Administrative Agent to pay in its name, any
      stamp, documentary, excise or property tax, charges or similar levies
      imposed by any applicable Requirement of Law or Governmental Authority
      and all Liabilities with respect thereto (including by reason of any
      delay in payment thereof), in each case arising from the execution,
      delivery or registration of, or otherwise with respect to, any Loan
      Document or any transaction contemplated therein (collectively, “Other
      Taxes”).  The Swingline Lender may, without any need for notice,
      demand or consent from the Borrower, by making funds available to the
      Administrative Agent in the amount equal to any such payment, make a
      Swing Loan to the Borrower in such amount, the proceeds of which shall
      be used by the Administrative Agent in whole to make such
      payment.  Within 30 days after the date of any payment of Taxes or Other
      Taxes by any Loan Party pursuant to this Section 2.17, the
      Borrower shall furnish to the Administrative Agent, at its address
      referred to in Section 11.11, the original or a certified
      copy of a receipt evidencing payment thereof or, if a receipt is not
      available, other evidence of payment reasonably acceptable to the
      Administrative Agent in the Administrative Agent’s sole discretion.
    

    
      (d)  Indemnification.  The Borrower shall reimburse and
      indemnify, within 30 days after receipt of demand therefor (with copy to
      the Administrative Agent), each Secured Party for all Non-Excluded Taxes
      and Other Taxes (including any such Non-Excluded Taxes and Other Taxes
      imposed by any jurisdiction on amounts payable under this Section 2.17)
      paid by such Secured Party and any Liabilities arising therefrom or with
      respect thereto (other than any taxes referred to in clauses (i) and
      (ii) of Section 2.17(a)), whether or not such Non-Excluded Taxes or
      Other Taxes were correctly or legally asserted.  A certificate of the
      Secured Party (or of the Administrative Agent on behalf of such Secured
      Party) claiming any compensation under this clause (d), setting
      forth a calculation of the amounts to be paid thereunder and delivered
      to the Borrower with a copy to the Administrative Agent, shall be
      conclusive, binding and final for all purposes, absent manifest error.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          38
        

        
          

        

      

      
        

        

      

    

    
      (e)  Mitigation.  Any Lender claiming any additional
      amounts payable pursuant to this Section 2.17 shall use its
      reasonable efforts (consistent with its internal policies and
      Requirements of Law) to change the jurisdiction of its lending office if
      such a change would reduce any such additional amounts (or any similar
      amount that may thereafter accrue) and would not, in the sole
      determination of such Lender, be otherwise disadvantageous to such
      Lender.
    

    
      (f)  Tax Forms.  (i) Each Non-U.S. Lender Party that,
      at any of the following times, is entitled to an exemption from United
      States withholding tax or is subject to such withholding tax at a
      reduced rate under an applicable tax treaty, shall (w) on or prior to
      the date such Non-U.S. Lender Party becomes a “Non-U.S. Lender Party”
      hereunder, (x) on or prior to the date on which any such form or
      certification expires or becomes obsolete, (y) after the occurrence of
      any event requiring a change in the most recent form or certification
      previously delivered by it pursuant to this clause (i) and
      (z) from time to time if requested by the Borrower or the Administrative
      Agent (or, in the case of a participant or SPV, the relevant Lender),
      provide the Administrative Agent and the Borrower (or, in the case of a
      participant or SPV, the relevant Lender) with two properly completed and
      duly executed originals of each of the following, as applicable:  (A)
      Forms W-8ECI (claiming exemption from U.S. withholding tax because the
      income is effectively connected with a U.S. trade or business), W-8BEN
      (claiming exemption from, or a reduction of, U.S. withholding tax under
      an income tax treaty) and/or W-8IMY (together with any required
      accompanying forms) or any successor forms, (B) in the case of a
      Non-U.S. Lender Party claiming exemption under Sections 871(h) or 881(c)
      of the Code, Form W-8BEN (claiming exemption from U.S. withholding tax
      under the portfolio interest exemption) or any successor form and a
      certificate in form and substance acceptable to the Administrative Agent
      that such Non-U.S. Lender Party is not (1) a “bank” within the meaning
      of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of
      the Borrower within the meaning of Section 881(c)(3)(B) of the Code or
      (3) a “controlled foreign corporation” described in Section 881(c)(3)(C)
      of the Code or (C) any other applicable document prescribed by the IRS
      certifying as to the entitlement of such Non-U.S. Lender Party to such
      exemption from United States withholding tax or reduced rate with
      respect to all payments to be made to such Non-U.S. Lender Party under
      the Loan Documents.  Unless the Borrower and the Administrative Agent
      have received forms or other documents satisfactory to them indicating
      that payments under any Loan Document to or for a Non-U.S. Lender Party
      are not subject to United States withholding tax, the Loan Parties and
      the Administrative Agent shall withhold amounts required to be withheld
      by applicable Requirements of Law from such payments at the applicable
      statutory rate or at a reduced rate under an applicable tax treaty.
    

    
      (i)  Each U.S. Lender Party shall (A) on or prior to the date such U.S.
      Lender Party becomes a “U.S. Lender Party” hereunder, (B) on or prior to
      the date on which any such form or certification expires or becomes
      obsolete, (C) after the occurrence of any event requiring a change in
      the most recent form or certification previously delivered by it
      pursuant to this clause (f) and (D) from time to time if
      requested by the Borrower or the Administrative Agent (or, in the case
      of a participant or SPV, the relevant Lender), provide the
      Administrative Agent and the Borrower (or, in the case of a participant
      or SPV, the relevant Lender) with two properly completed and duly
      executed originals of Form W-9 (certifying that such U.S. Lender Party
      is entitled to an exemption from U.S. backup withholding tax) or any
      successor form.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          39
        

        
          

        

      

      
        

        

      

    

    
      (ii)  Each Lender having sold a participation in any of its Obligations
      or identified an SPV as such to the Administrative Agent shall collect
      from such participant or SPV the documents described in this clause
      (f) and provide them, along with two properly completed and duly
      executed originals of Form W-8IMY to the Administrative Agent.
    

    
      Section 2.18  Substitution of Lenders.  (a)  Substitution
      Right.  In the event that any Lender that is not an Affiliate of the
      Administrative Agent (an “Affected Lender”), (i) makes a
      claim under clause (b) (Increased Costs) or (c) (Increased
      Capital Requirements) of Section 2.16, (ii) notifies the
      Borrower pursuant to Section 2.15(b) (Illegality)
      that it becomes illegal for such Lender to continue to fund or make any
      Eurodollar Rate Loan, (iii) makes a claim for payment pursuant to Section 2.17(b)
      or (d) (Taxes), (iv) becomes a Non-Funding Lender or (v) does
      not consent to any amendment, waiver or consent to any Loan Document for
      which the consent of the Required Lenders is obtained but that requires
      the consent of other Lenders, the Borrower may either pay in full such
      Affected Lender with respect to amounts due with the consent of the
      Administrative Agent or substitute for such Affected Lender any Lender
      or any Affiliate or Approved Fund of any Lender or any other Person
      acceptable (which acceptance shall not be unreasonably withheld or
      delayed) to the Administrative Agent (in each case, a “Substitute
      Lender”).
    

    
      (b)  Procedure.  To substitute such Affected Lender or
      pay in full the Obligations owed to such Affected Lender, the Borrower
      shall deliver a notice to the Administrative Agent and such Affected
      Lender.  The effectiveness of such payment or substitution shall be
      subject to the delivery to the Administrative Agent by the Borrower (or,
      as may be applicable in the case of a substitution, by the Substitute
      Lender) of (i) payment for the account of such Affected Lender, of, to
      the extent accrued through, and outstanding on, the effective date for
      such payment or substitution, all Obligations owing to such Affected
      Lender (including those that will be owed because of such payment), (ii)
      in the case of a payment in full of the Obligations owing to such
      Affected Lender, payment of any amount that, after giving effect to the
      termination of the Commitment of such Affected Lender, is required to be
      paid pursuant to Section 2.8(d) (Excess Outstandings)
      and (iii) in the case of a substitution, (A) payment of the assignment
      fee set forth in Section 11.2(c) and (B) an assumption
      agreement in form and substance reasonably satisfactory to the
      Administrative Agent whereby the Substitute Lender shall, among other
      things, agree to be bound by the terms of the Loan Documents and assume
      the Commitment of the Affected Lender.
    

    
      (c)  Effectiveness.  Upon satisfaction of the
      conditions set forth in clause (b) above, the Administrative
      Agent shall record such substitution or payment in the Register,
      whereupon (i) in the case of any payment in full, such Affected Lender’s
      Commitments shall be terminated and (ii) in the case of any
      substitution, (A) the Affected Lender shall sell and be relieved of, and
      the Substitute Lender shall purchase and assume, all rights and claims
      of such Affected Lender under the Loan Documents, except that the
      Affected Lender shall retain such rights expressly providing that they
      survive the repayment of the Obligations and the termination of the
      Commitments, (B) the Substitute Lender shall become a “Lender”
      hereunder having a Commitment in the amount of such Affected Lender’s
      Commitment and (C) the Affected Lender shall execute and deliver to the
      Administrative Agent an Assignment to evidence such substitution and
      deliver any Note in its possession; provided, however,
      that the failure of any Affected Lender to execute any such Assignment
      or deliver any such Note shall not render such sale and purchase (or the
      corresponding assignment) invalid.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          40
        

        
          

        

      

      
        

        

      

    

    
      Section 2.19  PIK Provisions.  A portion of the
      interest accruing on the Term Loans and the other Obligations pursuant
      to Section 2.9 hereof, up to an amount of interest representing a
      per annum rate of 8.00%, may, at the Borrower’s election (which
      election, and the amount thereof, shall be notified irrevocably in
      writing by the Borrower to the Administrative Agent no later than ten
      Business Days prior to the end of the applicable period for which
      accrued interest is required to be paid, or, in the case of interest
      paid on demand, no later than the date of such payment on demand), be
      paid in kind and capitalized as additional principal obligations on and
      as of the date for payment thereof as provided for in this Agreement or
      any Loan Document  (payable to the Lenders pro rata), all of which shall
      constitute Obligations as defined herein (such Obligations constituting
      capitalized amounts, “PIK Loans” which PIK Loans shall be
      deemed made on the date of the capitalization of such amounts) hereunder
      and constitute a part of the principal outstanding amount of the Term
      Loans for all purposes hereof (including the accrual of interest thereon
      at the rates applicable to Term Loans generally), and which may, at the
      request of any Lender to whom such capitalized interest is owing, be
      evidenced by PIK Notes in the form of Exhibit K hereto (and, if so
      requested by a Lender prior to the date of such capitalization, the
      Borrower shall have delivered a PIK Note evidencing such capitalized
      amounts to such Lender no later than such date of capitalization).  Each
      Lender is hereby authorized by the Borrower to enter on a schedule
      attached to any of its PIK Notes a record of amounts capitalized as
      principal and evidenced thereby, and amounts repaid or prepaid thereon,
      and such entries shall be conclusive in the absence of manifest error;
      provided, however, that the failure by any Lender to request or hold any
      PIK Note or to make any such entry or any error in making such entry
      shall not limit or otherwise affect the obligation of the Borrower and
      the rights and remedies of any Lender hereunder (including in respect of
      that portion of the Term Loan constituting capitalized interest) or and
      on or under the PIK Notes.
    

    
      ARTICLE 3  
CONDITIONS TO THE TERM LOANS
    

    
      Section 3.1  Conditions Precedent to the Term Loans.  The
      obligation of each Lender to make any a Term Loan on the Closing Date is
      subject to the satisfaction or due waiver of each of the following
      conditions precedent on or before March 3, 2008:
    

    
      (a)  Certain Documents.  The Administrative Agent shall
      have received on or prior to the Closing Date each of the following,
      each (in the case of clauses (i) through (iv), (vii) and (viii)) dated
      the Closing Date unless otherwise agreed by the Administrative Agent, in
      form and substance reasonably satisfactory to the Administrative Agent:
    

    
      (i)  this Agreement duly executed by the Borrower and, for the account
      of each Lender having requested the same by notice to the Administrative
      Agent and the Borrower received by each at least 3 Business Days prior
      to the Closing Date (or such later date as may be agreed by the
      Borrower), Notes conforming to the requirements set forth in Section 2.14
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          41
        

        
          

        

      

      
        

        

      

    

    
      (ii)  the Guaranty and Security Agreement, duly executed by each
      Guarantor, together with (A) copies of UCC, Intellectual Property
      and other appropriate search reports and of all effective prior filings
      listed therein, together with evidence of the termination of such prior
      filings that are not in respect of any Permitted Lien, in each case as
      may be reasonably requested by the Administrative Agent, (B) all
      documents representing all certificated Securities required to be
      pledged pursuant to such Guaranty and Security Agreement and
      related undated powers or endorsements duly executed in blank and (C)
      all Control Agreements that, in the reasonable judgment of the
      Administrative Agent, are required for the Loan Parties to comply with
      the Loan Documents as of the Closing Date, each duly executed by, in
      addition to the applicable Loan Party, the applicable financial
      institution;
    

    
      (iii)  the Intercreditor Agreement, duly executed and delivered by the
      Administrative Agent, the Revolving Credit Administrative Agent, the
      Borrower and the other Loan Parties;
    

    
      (iv)  a duly executed favorable opinion of counsel to the Loan Parties
      in New York, addressed to the Administrative Agent and the Lenders and
      addressing such matters as the Administrative Agent may reasonably
      request;
    

    
      (v)  a copy of each Constituent Document of each Loan Party that is on
      file with any Governmental Authority in the jurisdiction of organization
      of such Loan Party, certified as of a recent date by such Governmental
      Authority, together with, if applicable, certificates attesting to the
      good standing of such Loan Party in such jurisdiction and each other
      jurisdiction where such Loan Party is qualified to do business as a
      foreign entity or where such qualification is necessary (and, if
      required in any such jurisdiction, related tax certificates);
    

    
      (vi)  a certificate of the secretary or other officer of each Loan Party
      in charge of maintaining books and records of such Loan Party certifying
      as to (A) the names and signatures of each officer of such Loan Party
      authorized to execute and deliver any Loan Document, (B) the Constituent
      Documents of such Loan Party attached to such certificate are complete
      and correct copies of such Constituent Documents as in effect on the
      date of such certification (or, for any such Constituent Document
      delivered pursuant to clause (vi) above, that there have been no
      changes from such Constituent Document so delivered) and (C) the
      resolutions of such Loan Party’s board of directors or other appropriate
      governing body approving and authorizing the execution, delivery and
      performance of each Loan Document to which such Loan Party is a party;
    

    
      (vii)  a certificate of a Responsible Officer of the Borrower to the
      effect that (A) the Loan Parties taken as a whole are Solvent after
      giving effect to the initial Loans and Letters of Credit, the
      consummation of the Related Transactions, the application of the
      proceeds thereof in accordance with Section 7.9 and the payment
      of all fees and expenses related hereto and thereto and (B) attached
      thereto are complete and correct copies of each Related Document (other
      than the payoff letter for the Existing Credit Agreement and the
      Revolving Loan Documents);
    

    
      (viii)  insurance certificates in form and substance reasonably
      satisfactory to the Administrative Agent demonstrating that the
      insurance policies required by Section 7.5 are in full force
      and effect and have all endorsements required by such Section 7.5;
    

    
      (ix)  interim unaudited monthly and quarterly Financial Statements of
      the Borrower and its Subsidiaries through the Fiscal Month or Fiscal
      Quarter, as applicable, ending September 30, 2007 and each subsequent
      Fiscal Month and Fiscal Quarter occurring no later than 30 days (or 45
      days in the case of monthly and quarterly financing statements for the
      Fiscal Month and Fiscal Quarter, respectively, ending December 31, 2007)
      prior to the Closing Date and for which Financial Statements are
      available;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          42
        

        
          

        

      

      
        

        

      

    

    
      (x)  (a) a pro forma estimated balance sheet of the Borrower and its
      Subsidiaries at the last day of the Fiscal Month for which Financial
      Statements are available prior to the Closing Date (so long as such date
      is not more than 60 days prior to the Closing Date) after giving effect
      to the refinancing of the Existing Credit Agreement, the redemption of
      the Senior Notes and the funding of the Indebtedness hereunder and under
      the Revolving Credit Agreement, and (b) the Borrower’s business plan
      which shall include a financial forecast on a monthly basis for the
      first twelve months after the Closing Date and on an annual basis
      thereafter through 2012 prepared by the Borrower’s management; in each
      case, with such updates as the Administrative Agent shall reasonably
      request; and
    

    
      (xi)  the other documents listed on the Closing Checklist.
    

    
      (b)  Fee and Expenses.  There shall have been paid to
      the Administrative Agent, for the account of the Administrative Agent,
      its Related Persons or any Lender, as the case may be, all fees and all
      reimbursements of costs or expenses, in each case due and payable under
      any Loan Document on or before the Closing Date.
    

    
      (c)  Consents.  Each Group Member shall have received
      all consents and authorizations required pursuant to any material
      Contractual Obligation with any other Person and shall have obtained all
      Permits of, and effected all notices to and filings with, any
      Governmental Authority, in each case, as may be necessary in connection
      with the consummation of the transactions contemplated in any Loan
      Document or Related Document (including the Related Transactions).
    

    
      (d)  Related Transactions.  The Administrative Agent
      shall be satisfied that, (i) subject only the funding of the Term Loans
      hereunder and the Indebtedness under the Revolving Credit Agreement and
      the use of proceeds thereof, (x) all obligations under the Existing
      Credit Agreement will have been repaid in full, as evidenced by a payoff
      letter duly executed and delivered by the Borrower and the Existing
      Agent and (y) the Borrower shall issue (and mail) on the Closing Date a
      notice of redemption to the holders of the Senior Notes calling for a
      redemption of the Senior Notes no later than the date that is 30 days
      after the Closing Date (the “Redemption Date”) and shall
      deposit on the Closing Date with the Trustee under the Senior Notes
      Indenture cash in an amount sufficient to fund such redemption on the
      Redemption Date which shall result on the Closing Date in a discharge of
      the Senior Notes Indenture pursuant to the terms thereof and a release
      of the Lien of the Senior Notes Indenture on the Closing Date and (ii)
      all conditions precedent to the making of the revolving loans under the
      Revolving Credit Agreement shall have been satisfied or waived, and the
      lenders thereunder shall have made revolving loans in the amount of
      $88,666,104.52.
    

    
      (e)  Minimum Consolidated EBITDA.  The aggregate
      Consolidated EBITDA of the Borrower for the most recent period of twelve
      months prior to the Closing Date for which financial statements are
      required to have been delivered under the Existing Credit Agreement
      shall not be less than $65,000,000.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          43
        

        
          

        

      

      
        

        

      

    

    
      (f)  Senior Subordinated Notes.  The Administrative
      Agent shall have received evidence reasonably satisfactory to it that
      all Indebtedness of the Borrower under this Agreement (taking into
      account the advances under the Term Loan Credit Agreement) constitutes
      and will constitute “Permitted Indebtedness,” “Designated
      Senior Debt” and “Senior Debt” under (and as such terms are defined in)
      the Senior Subordinated Notes Indenture and all liens securing the
      Obligations and the Revolving Obligations constitute “Permitted Liens”
      (under and as such term is defined in the Senior Subordinated Notes
      Indenture), including, if applicable, certified copies of any
      supplemental indentures needed to permit such indebtedness or liens.
    

    
      (g)  Request.  The Administrative Agent shall have
      received, to the extent required by Article II, a written,
      timely and duly executed and completed Notice of Borrowing.
    

    
      (h)  Representations and Warranties.  Each
      representation or warranty by any Loan Party contained herein or in any
      other Loan Document shall be true and correct in all material respects
      (without duplication of any materiality qualifier contained herein) as
      of such date, except to the extent that such representation or warranty
      expressly relates to an earlier date.
    

    
      (i)  No Default.  There shall have occurred and be
      continuing no Default or Event of Default and no Default or Event of
      Default would result after making the Term Loans.
    

    
      ARTICLE 4  
REPRESENTATIONS AND WARRANTIES
    

    
      To induce the Lenders and the Administrative Agent to enter into the
      Loan Documents, the Borrower (and, to the extent set forth in any other
      Loan Document, each other Loan Party) represents and warrants to each of
      them each of the following on and as the Closing Date:
    

    
      Section 4.1  Corporate Existence; Compliance with Law.  Each
      Group Member (a) is duly organized, validly existing and in good
      standing under the laws of the jurisdiction of its organization, (b) is
      duly qualified to do business as a foreign entity and in good standing
      under the laws of each jurisdiction where such qualification is
      necessary, except where the failure to be so qualified or in good
      standing would not, in the aggregate, reasonably be expected to have a
      Material Adverse Effect, (c) has all requisite power and authority and
      the legal right to own, pledge, mortgage and operate its property, to
      lease or sublease any property it operates under lease or sublease and
      to conduct its business as currently conducted, (d) is in compliance
      with all applicable Requirements of Law except where the failure to be
      in compliance would not, in the aggregate, reasonably be expected to
      have a Material Adverse Effect and (e) has all necessary Permits from or
      by, has made all necessary filings with, and has given all necessary
      notices to, each Governmental Authority having jurisdiction, to the
      extent required for such ownership, lease, sublease, operation,
      occupation or conduct of business, except where the failure to obtain
      such Permits, make such filings or give such notices would not, in the
      aggregate, reasonably be expected to have a Material Adverse Effect.
    

    
      Section 4.2  Loan and Related Documents.  (a)  Power
      and Authority.  The execution, delivery and performance by each Loan
      Party of the Loan Documents and Related Documents to which it is a party
      and the consummation of the Related Transactions and other transactions
      contemplated therein (i) are within such Loan Party’s corporate or
      similar powers and, at the time of execution thereof, have been duly
      authorized by all necessary corporate and similar action (including, if
      applicable, consent of holders of its Securities), (ii) do not (A)
      contravene such Loan Party’s Constituent Documents, (B) violate any
      applicable Requirement of Law, (C) conflict with, contravene, constitute
      a default or breach under, or result in or permit the termination or
      acceleration of, any material Contractual Obligation of any Loan Party
      or any of its Subsidiaries (including other Related Documents or Loan
      Documents) other than in the case of this clause (ii) those that would
      not, in the aggregate, reasonably be expected to have a Material Adverse
      Effect or (D) result in the imposition of any Lien (other than a
      Permitted Lien) upon any property of any Loan Party or any of its
      Subsidiaries and (iii) do not require any Permit of, or filing with, any
      Governmental Authority or any consent of, or notice to, any Person,
      other than (A) with respect to the Loan Documents, the filings required
      to perfect the Liens created by the Loan Documents, and (B) those listed
      on Schedule 4.2 and that have been, or will be prior to the
      Closing Date, obtained or made, copies of which have been, or will be
      prior to the Closing Date, delivered to the Administrative Agent, and
      each of which on the Closing Date will be in full force and effect.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          44
        

        
          

        

      

      
        

        

      

    

    
      (b)  Due Execution and Delivery.  From and after its
      delivery to the Administrative Agent, each Loan Document and Related
      Document has been duly executed and delivered to the other parties
      thereto by each Loan Party party thereto, is the legal, valid and
      binding obligation of such Loan Party and is enforceable against such
      Loan Party in accordance with its terms, subject to applicable
      bankruptcy, insolvency, reorganization, moratorium or other laws
      affecting creditors’ rights generally and subject to general principles
      of equity, regardless of whether considered in a proceeding in equity or
      at law.
    

    
      (c)  Senior Subordinated Notes.  The Obligations
      (taking into account the advances under the Term Loan Credit Agreement)
      constitute “Permitted Indebtedness”, “Senior Debt” and “Designated
      Senior Debt” under and as defined in the Senior Subordinated Notes
      Indenture.  No other Indebtedness (other than the Revolving Obligations)
      qualifies as “Permitted Indebtedness”, “Senior Debt” or “Designated
      Senior Debt” under the Senior Subordinated Notes Indenture.  The
      Borrower hereby designates all Obligations and Indebtedness in respect
      of the Term Loan Facility as “Designated Senior Debt” as such term is
      defined in the Senior Subordinated Notes Indenture.  
    

    
      Section 4.3  Ownership of Group Members.  Set
      forth on Schedule 4.3 is a complete and accurate list
      showing, as of the Closing Date, for each Group Member and each
      Subsidiary of any Group Member and each joint venture of any of them,
      its jurisdiction of organization, the number of shares of each class of
      Stock authorized (if applicable), the number outstanding on the Closing
      Date and the number and percentage of the outstanding shares of each
      such class owned (directly or indirectly) by the Borrower.  All
      outstanding Stock of each of them has been validly issued, is fully paid
      and non-assessable (to the extent applicable) and, except in the case of
      the Borrower, is owned beneficially and of record by a Group Member free
      and clear of all Liens other than the security interests created by the
      Loan Documents and the Revolving Loan Documents, any non-consensual
      Liens arising as a matter of law and permitted under Section 8.2
      and, in the case of joint ventures, Permitted Liens.  Except as provided
      in Schedule 4.3, as of the Closing Date, there are no
      preemptive or other outstanding rights, options, warrants, conversion
      rights or similar agreements or understandings for the purchase or
      acquisition from any Group Member or any of their Subsidiaries of any
      Stock of any such entity.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          45
        

        
          

        

      

      
        

        

      

    

    
      Section 4.4  Financial Statements.  (a)  Each of
      (i) the audited Consolidated balance sheet of the Borrower as at
      December 31, 2006 and the related Consolidated statements of income,
      retained earnings and cash flows of the Borrower for the Fiscal Year
      then ended, certified by Deloitte & Touche USA LLP and (ii) subject to
      the absence of footnote disclosure and normal recurring year-end audit
      adjustments, the unaudited Consolidated balance sheets of the Borrower
      as at December 31, 2007, and the related Consolidated statements of
      income, retained earnings and cash flows of the Borrower for the twelve
      months then ended, copies of each of which have been furnished to the
      Administrative Agent, fairly present in all material respects the
      Consolidated financial position, results of operations and cash flow of
      the Borrower as at the dates indicated and for the periods indicated in
      accordance with GAAP.
    

    
      (b)  The Initial Projections have been prepared by the Borrower in light
      of the past operations of the business of the Borrower and its
      Subsidiaries and reflect projections for the 4 year period beginning
      with the 2008 Fiscal Year on a monthly basis for the first year and on a
      year-by-year basis thereafter.  As of the Closing Date, the Initial
      Projections are based upon estimates and assumptions stated therein, all
      of which the Borrower believes to be reasonable and fair in light of
      conditions and facts known to the Borrower as of the Closing Date and
      reflect the good faith, reasonable and fair estimates by the Borrower of
      the future Consolidated financial performance of the Borrower and the
      other information projected therein for the periods set forth therein.
    

    
      (c)  The unaudited Consolidated balance sheet of the Borrower (the “Pro
      Forma Balance Sheet”) delivered to the Administrative Agent prior to
      the date hereof, has been prepared as of the last day of the Fiscal
      Month ending prior to the Closing Date and reflects as of such date, on
      a Pro Forma Basis for the Related Transactions and the other
      transactions contemplated herein to occur on the Closing Date, the
      Consolidated financial condition of the Borrower, and the assumptions
      expressed therein are reasonable based on the information available to
      the Borrower at such date and on the Closing Date.
    

    
      Section 4.5  Material Adverse Effect.  Since
      September 30, 2007, there have been no events, circumstances,
      developments or other changes in facts that would, in the aggregate,
      reasonably be expected to have a Material Adverse Effect.
    

    
      Section 4.6  Solvency.  Both before and after
      giving effect to (a) the Term Loans made on or prior to the date this
      representation and warranty is made, (b) the disbursement of the
      proceeds of the Term Loans, (c) the consummation of the Related
      Transactions and (d) the payment and accrual of all transaction costs in
      connection with the foregoing, the Loan Parties taken as a whole are
      Solvent.
    

    
      Section 4.7  Litigation.  There are no pending
      (or, to the knowledge of any Group Member, threatened) actions,
      investigations, suits, proceedings, audits, claims, demands, orders or
      disputes affecting the Borrower or any of its Subsidiaries with, by or
      before any Governmental Authority other than those that would not, in
      the aggregate, reasonably be expected to have a Material Adverse Effect.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          46
        

        
          

        

      

      
        

        

      

    

    
      Section 4.8  Taxes.  All federal, state, local
      and foreign income and franchise and other material tax returns, reports
      and statements (collectively, the “Tax Returns”) required
      to be filed by any Tax Affiliate have been filed with the appropriate
      Governmental Authorities in all jurisdictions in which such Tax Returns
      are required to be filed, all such Tax Returns are true and correct in
      all material respects, and all taxes, charges and other impositions
      reflected therein or otherwise due and payable have been paid prior to
      the date on which any Liability may be added thereto for non-payment
      thereof except for those contested in good faith by appropriate
      proceedings diligently conducted and for which adequate reserves are
      maintained on the books of the appropriate Tax Affiliate in accordance
      with GAAP.  No Tax Return is under audit or examination by any
      Governmental Authority and no notice of such an audit or examination or
      any assertion of any claim for Taxes has been given or made by any
      Governmental Authority.  Proper and accurate amounts have been withheld
      by each Tax Affiliate from their respective employees for all periods in
      full and complete compliance with the tax, social security and
      unemployment withholding provisions of applicable Requirements of Law
      and such withholdings have been timely paid to the respective
      Governmental Authorities.  No Tax Affiliate has participated in a
      “listed transaction” within the meaning of Treasury Regulation Section
      1.6011-4(b)(2) or has participated in a “reportable transaction” within
      the meaning of Treasury Regulation Section 1.6011-4(b)(2) that has not
      been or will not be properly reported.  No Tax Affiliate has been with
      respect to any open tax year a member of an affiliated, combined or
      unitary group of which a Tax Affiliate is the common parent.
    

    
      Section 4.9  Margin Regulations.  The Borrower
      is not engaged in the business of extending credit for the purpose of,
      and no proceeds of any Term Loan or other extensions of credit hereunder
      will be used for the purpose of, buying or carrying margin stock (within
      the meaning of Regulation U of the Federal Reserve Board) or extending
      credit to others for the purpose of purchasing or carrying any such
      margin stock, in each case in contravention of Regulation T, U or X of
      the Federal Reserve Board.
    

    
      Section 4.10  No Defaults.  No Group Member
      (and, to the knowledge of each Group Member, no other party thereto) is
      in default under or with respect to any Contractual Obligation of any
      Group Member, other than those that would not, in the aggregate,
      reasonably be expected to have a Material Adverse Effect.
    

    
      Section 4.11  Investment Company Act.  No Group
      Member is an “investment company” or an “affiliated person” of, or
      “promoter” or “principal underwriter” for, an “investment company”, as
      such terms are defined in the Investment Company Act of 1940.
    

    
      Section 4.12  Labor Matters.  There are no
      strikes, work stoppages, slowdowns or lockouts existing, pending (or, to
      the knowledge of any Group Member, threatened) against or involving any
      Group Member, except, for those that would not, in the aggregate,
      reasonably be expected to have a Material Adverse Effect.  Except as set
      forth on Schedule 4.12, as of the Closing Date, (a) there is
      no collective bargaining or similar agreement with any union, labor
      organization, works council or similar representative covering any
      employee of any Group Member, (b) no petition for certification or
      election of any such representative is existing or pending with respect
      to any employee of any Group Member and (c) no such representative has
      sought certification or recognition with respect to any employee of any
      Group Member.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          47
        

        
          

        

      

      
        

        

      

    

    
      Section 4.13  ERISA.  Schedule 4.13
      sets forth, as of the Closing Date, a complete and correct list of, and
      that separately identifies, (a) all Title IV Plans, (b) all
      Multiemployer Plans and (c) all material Benefit Plans.  Each Benefit
      Plan, and each trust thereunder, intended to qualify for tax exempt
      status under Section 401 or 501 of the Code or other Requirements
      of Law has been determined by the Internal Revenue Service to so qualify
      and nothing has occurred since such determination that could adversely
      affect such status.  Except for those that would not, in the aggregate,
      have a Material Adverse Effect, (x) each Benefit Plan is in compliance
      with applicable provisions of ERISA, the Code and other Requirements of
      Law, (y) there are no existing or pending (or to the knowledge of any
      Group Member, threatened) claims (other than routine claims for benefits
      in the normal course), sanctions, actions, lawsuits or other proceedings
      or investigation involving any Benefit Plan to which any Group Member
      incurs or otherwise has or could have an obligation or any Liability and
      (z) no ERISA Event is reasonably expected to occur.  On the Closing
      Date, no ERISA Event has occurred in connection with which obligations
      and liabilities (contingent or otherwise) remain outstanding.  No ERISA
      Affiliate would have any Withdrawal Liability in excess of $500,000 as
      a result of a complete withdrawal from any Multiemployer Plan on the
      date this representation is made which Withdrawal Liability could be
      reasonably likely to require any Group Member to make any payment in
      satisfaction thereof.
    

    
      Section 4.14  Environmental Matters.  Except as
      set forth on Schedule 4.14, (a) the operations of each Group
      Member are and, for the past five years, have been in compliance with
      all applicable Environmental Laws, including obtaining, maintaining and
      complying with all Permits required by any applicable Environmental Law,
      other than non-compliances that, in the aggregate, would not have a
      reasonable likelihood of resulting in Material Environmental
      Liabilities, (b) no Group Member is party to, and no Group Member is
      subject to or, with respect to any real property currently (or to the
      knowledge of any Group Member previously) owned, leased, subleased,
      operated or otherwise occupied by or for any Group Member, the subject
      of, any Contractual Obligation by any Group Member or any pending (or,
      to the knowledge of any Group Member, threatened) order, action, suit,
      proceeding, claim, written demand, dispute or notice of violation or of
      potential liability or similar notice under or pursuant to any
      Environmental Law other than those that, in the aggregate, are not
      reasonably likely to result in Material Environmental Liabilities, (c)
      no Lien in favor of any Governmental Authority securing, in whole or in
      part, Environmental Liabilities has attached to any property of any
      Group Member and, to the knowledge of any Group Member, no facts,
      circumstances or conditions exist that could reasonably be expected to
      result in any such Lien attaching to any such property, (d) no Group
      Member has caused or permitted to occur a Release of Hazardous Materials
      at, to or from any real property of any Group Member and each such real
      property is free of contamination by any Hazardous Materials except for
      such Release or contamination that could not reasonably be expected to
      result, in the aggregate, in Material Environmental Liabilities and (e)
      no Group Member (i) is or has been engaged in, or has permitted any
      current or former tenant to engage in, operations, or (ii) knows of any
      facts, circumstances or conditions, including receipt of any information
      request or notice of potential responsibility under CERCLA or similar
      Environmental Laws, that, in the aggregate, would have a reasonable
      likelihood of resulting in Material Environmental Liabilities.
    

    
      Section 4.15  Intellectual Property.  Each Group
      Member owns or licenses all Intellectual Property that is necessary for
      the conduct of its businesses as currently conducted.  To
      the knowledge of each Group Member, (a) the conduct and operations of
      the businesses of each Group Member does not infringe, misappropriate,
      dilute, violate or otherwise impair any Intellectual Property that is
      necessary for the conduct of its businesses and owned by any other
      Person and (b) no other Person has contested any right, title or
      interest of any Group Member in, or relating to, any Intellectual
      Property that is necessary for the conduct of its businesses,
      other than, in each case, as would not, in the aggregate, reasonably be
      expected to have a Material Adverse Effect.  In addition, (x)
      there are no pending (or, to the knowledge of any Group Member,
      threatened) actions, investigations, suits, proceedings, audits, claims,
      demands, orders or disputes affecting any Group Member with respect to,
      (y) no judgment or order regarding any such claim has been rendered by
      any competent Governmental Authority, no settlement agreement or similar
      Contractual Obligation has been entered into by any Group Member, with
      respect to and (z) no Group Member knows of any valid basis for any
      claim based on, any such infringement, misappropriation, dilution,
      violation or impairment or contest, other than, in each case, as would
      not, in the aggregate, reasonably be expected to have a Material
      Adverse Effect.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          48
        

        
          

        

      

      
        

        

      

    

    
      Section 4.16  Title; Real Property.  (a)  Each
      Group Member has good fee simple title to all owned real property and
      valid leasehold interests in all leased real property, and none of such
      property is subject to any Lien except Permitted Liens.
    

    
      (b)  Set forth on Schedule 4.16 is, as of the Closing
      Date, (i) a complete and correct list of all real property owned
      in fee simple by any Group Member or in which any Group Member owns
      a leasehold interest setting forth, for each such real property, the
      current street address (including, where applicable, county, state and
      other relevant jurisdictions), the record owner thereof and, where
      applicable, each lessee and sublessee thereof, (ii) any lease, or
      sublease of such real property by any Group Member and (iii) for
      each such real property that is required to be subject to a Mortgage
      pursuant to the terms hereof, each Contractual Obligation by any Group
      Member, whether contingent or otherwise, to Sell such real property.
    

    
      Section 4.17  Full Disclosure.  No
      representation or warranty of any Loan Party contained in this
      Agreement, the Financial Statements referred to in Section 6.1,
      the other Related Documents or any other document, certificate or
      written statement furnished to the Administrative Agent or any Lender by
      or on behalf of any such Person for use in connection with the Loan
      Documents or the Related Documents contains any untrue statement of a
      material fact or taken as a whole, omitted, omits or will omit to state
      a material fact necessary in order to make the statements contained
      herein or therein not misleading in light of the circumstances in which
      the same were made.
    

    
      Section 4.18  Patriot Act.  No Group Member
      (and, to the knowledge of each Group Member, no joint venture or
      subsidiary thereof) is in violation in any material respects of any
      United States Requirements of Law relating to terrorism, sanctions or
      money laundering (the “Anti-Terrorism Laws”), including the United
      States Executive Order No. 13224 on Terrorist Financing (the
      “Anti-Terrorism Order”) and the Patriot Act.
    

    
      ARTICLE 5  
FINANCIAL COVENANTS
    

    
      The Borrower (and, to the extent set forth in any other Loan Document,
      each other Loan Party) agrees with the Lenders and the Administrative
      Agent to perform and observe each of the following covenants until the
      Satisfaction Date:
    

    
      Section 5.1  Maximum Consolidated Leverage Ratio.  The
      Borrower shall not have, on the last day of any Fiscal Quarter set forth
      below, a Consolidated Leverage Ratio greater than the maximum ratio set
      forth opposite such Fiscal Quarter:
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          49
        

        
          

        

      

      
        

        

      

    

    
    	
          FISCAL QUARTER ENDING
        	
          MAXIMUM CONSOLIDATED LEVERAGE RATIO
        
	
           
        	
           
        
	
          June 30, 2008
        	
          6.50 to 1
        
	
          September 30, 2008
        	
          6.25 to 1
        
	
          December 31, 2008
        	
          6.25 to 1
        
	
          March 31, 2009
        	
          6.00 to 1
        
	
          June 30, 2009
        	
          6.00 to 1
        
	
          September 30, 2009
        	
          5.75 to 1
        
	
          December 31, 2009
        	
          5.75 to 1
        
	
          March 31, 2010
        	
          5.00 to 1
        
	
          June 30, 2010
        	
          5.00 to 1
        
	
          September 30, 2010
        	
          5.00 to 1
        
	
          December 31, 2010
        	
          5.00 to 1
        
	
          March 31, 2011
        	
          4.25 to 1
        
	
          June 30, 2011
        	
          4.25 to 1
        
	
          September 30, 2011
        	
          4.25 to 1
        
	
          December 31, 2011
        	
          4.25 to 1
        
	
          March 31, 2012
        	
          4.00 to 1
        
	
          June 30, 2012
        	
          4.00 to 1
        
	
          September 30, 2012
        	
          4.00 to 1
        
	
          December 31, 2012
        	
          4.00 to 1
        
	
          March 31, 2013
        	
          4.00 to 1
        
	
          June 30, 2013
        	
          4.00 to 1
        
	
          September 30, 2013
        	
          4.00 to 1
        
	
          December 31, 2013
        	
          4.00 to 1
        

    

    
      Section 5.2  Minimum Consolidated Interest Coverage
      Ratio.  The Borrower shall not have, on the last day of any Fiscal
      Quarter set forth below, a Consolidated Interest Coverage Ratio for the
      4 Fiscal Quarter period ending on such day less than the minimum ratio
      set forth opposite such Fiscal Quarter:
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          50
        

        
          

        

      

      
        

        

      

    

    
    	
          FISCAL QUARTER ENDING
        	
          MINIMUM CONSOLIDATED INTEREST COVERAGE RATIO
        
	
           
        	
           
        
	
          June 30, 2008
        	
          1.55 to 1
        
	
          September 30, 2008
        	
          1.55 to 1
        
	
          December 31, 2008
        	
          1.60 to 1
        
	
          March 31, 2009
        	
          1.60 to 1
        
	
          June 30, 2009
        	
          1.60 to 1
        
	
          September 30, 2009
        	
          1.65 to 1
        
	
          December 31, 2009
        	
          1.70 to 1
        
	
          March 31, 2010
        	
          2.00 to 1
        
	
          June 30, 2010
        	
          2.00 to 1
        
	
          September 30, 2010
        	
          2.00 to 1
        
	
          December 31, 2010
        	
          2.00 to 1
        
	
          March 31, 2011
        	
          2.10 to 1
        
	
          June 30, 2011
        	
          2.10 to 1
        
	
          September 30, 2011
        	
          2.10 to 1
        
	
          December 31, 2011
        	
          2.10 to 1
        
	
          March 31, 2012
        	
          2.25 to 1
        
	
          June 30, 2012
        	
          2.25 to 1
        
	
          September 30, 2012
        	
          2.25 to 1
        
	
          December 31, 2012
        	
          2.25 to 1
        
	
          March 31, 2013
        	
          2.25 to 1
        
	
          June 30, 2013
        	
          2.25 to 1
        
	
          September 30, 2013
        	
          2.25 to 1
        
	
          December 31, 2013
        	
          2.25 to 1
        

    

    
      ARTICLE 6  
REPORTING COVENANTS
    

    
      The Borrower (and, to the extent set forth in any other Loan Document,
      each other Loan Party) agrees with the Lenders and the Administrative
      Agent to perform and observe each of the following covenants until the
      Satisfaction Date:
    

    
      Section 6.1  Financial Statements.  The Borrower
      shall deliver to the Administrative Agent each of the following:
    

    
      (a)  Monthly Reports.  As soon as available, and in any
      event within 30 days after the end of each of the first two Fiscal
      Months in each Fiscal Quarter, the Consolidated unaudited balance sheet
      of the Borrower as of the close of such Fiscal Month and related
      Consolidated statements of income and cash flow for such Fiscal Month
      and that portion of the Fiscal Year ending as of the close of such
      Fiscal Month, setting forth in comparative form the figures for the
      corresponding period in the prior Fiscal Year, in each case certified by
      a Responsible Officer of the Borrower as fairly presenting in all
      material respects the Consolidated financial position, results of
      operations and cash flow of the Borrower as at the dates indicated and
      for the periods indicated in accordance with GAAP (subject to the
      absence of footnote disclosure and normal year-end audit adjustments).
    

    
      (b)  Quarterly Reports.  As soon as available, and in
      any event within 45 days after the end of each of the first three Fiscal
      Quarters of each Fiscal Year, the Consolidated unaudited balance sheet
      of the Borrower as of the close of such Fiscal Quarter and related
      Consolidated statements of income and cash flow for such Fiscal Quarter
      and that portion of the Fiscal Year ending as of the close of such
      Fiscal Quarter, setting forth in comparative form the figures for the
      corresponding period in the prior Fiscal Year and the figures contained
      in the latest Projections, in each case certified by a Responsible
      Officer of the Borrower as fairly presenting in all material respects
      the Consolidated financial position, results of operations and cash flow
      of the Borrower as at the dates indicated and for the periods indicated
      in accordance with GAAP (subject to the absence of footnote disclosure
      and normal year-end audit adjustments).
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          51
        

        
          

        

      

      
        

        

      

    

    
      (c)  Annual Reports.  As soon as available, and in any
      event within 90 days (or, in the case of the Fiscal Year ended December
      31, 2008, 120 days) after the end of each Fiscal Year, the Consolidated
      balance sheet of the Borrower as of the end of such year and related
      Consolidated statements of income, stockholders’ equity and cash flow
      for such Fiscal Year, each prepared in accordance with GAAP, together
      with a certification by the Group Members’ Accountants that (i) such
      Consolidated Financial Statements fairly present in all material
      respects the Consolidated financial position, results of operations and
      cash flow of the Borrower as at the dates indicated and for the periods
      indicated therein in accordance with GAAP without qualification as to
      the scope of the audit or as to going concern and without any other
      similar qualification and (ii) in the course of the regular audit of the
      businesses of the Group Members, which audit was conducted in accordance
      with the standards of the United States’ Public Company Accounting
      Oversight Board (or any successor entity), such Group Members’
      Accountants have obtained no knowledge that a Default in respect of any
      financial covenant contained in Article V is continuing or,
      if in the opinion of the Group Members’ Accountants such a Default is
      continuing, a statement as to the nature thereof; provided, that
      the certification in this clause (ii) shall not be required if contrary
      to the published pronouncements of The American Institute of Certified
      Public Accountants.
    

    
      (d)  Compliance Certificate.  Together with each
      delivery of any Financial Statement pursuant to clause (b) or (c)
      above, a Compliance Certificate duly executed by a Responsible Officer
      of the Borrower that, among other things, states that, to the best of
      his or her knowledge, no Default is continuing as of the date of
      delivery of such Compliance Certificate or, if a Default is continuing,
      states the nature thereof and the action that the Borrower proposes to
      take with respect thereto.
    

    
      (e)  Corporate Chart and Other Collateral Updates.  As
      part of the Compliance Certificate delivered pursuant to clause (d)
      above, each in form and substance satisfactory to the Administrative
      Agent, a certificate by a Responsible Officer of the Borrower that (i)
      the Corporate Chart attached thereto (or the last Corporate Chart
      delivered pursuant to this clause (e)) is correct and complete as
      of the date of such Compliance Certificate, (ii) the Loan Parties have
      delivered all documents (including updated schedules as to locations of
      Collateral and acquisition of Intellectual Property or real property)
      they are required to deliver pursuant to any Loan Document on or prior
      to the date of delivery of such Compliance Certificate and
      (iii) complete and correct copies of all documents modifying any term of
      any Constituent Document of any Group Member or any Subsidiary or joint
      venture thereof on or prior to the date of delivery of such Compliance
      Certificate have been delivered to the Administrative Agent or are
      attached to such certificate.
    

    
      (f)  Additional Projections.  As soon as available and
      in any event not later than 30 days after the end of each Fiscal Year,
      any significant revisions to, (i) the annual business plan of the Group
      Members for the Fiscal Year next succeeding such Fiscal Year and
      (ii) forecasts prepared by management of the Borrower (A) for each
      Fiscal Quarter in such next succeeding Fiscal Year and (B) for each
      other succeeding Fiscal Year through the Fiscal Year containing the
      Scheduled Maturity Date, in each case including in such forecasts (x) a
      projected year-end Consolidated balance sheet, income statement and
      statement of cash flows, (y) a statement of all of the material
      assumptions on which such forecasts are based and (z) substantially the
      same type of financial information as that contained in the Initial
      Projections.
    

    
      (g)  Management Discussion and Analysis.  Together with
      each delivery of any Compliance Certificate pursuant to clause (d)
      above, a discussion and analysis of the financial condition and results
      of operations of the Group Members for the portion of the Fiscal Year
      then elapsed and discussing the reasons for any significant variations
      from the Projections for such period and the figures for the
      corresponding period in the previous Fiscal Year.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          52
        

        
          

        

      

      
        

        

      

    

    
      (h)  Audit Reports, Management Letters, Etc.  Together
      with each delivery of any Financial Statement for any Fiscal Year
      pursuant to clause (c) above, copies of each management letter,
      audit report or similar letter or report received by any Group Member
      from any independent registered certified public accountant (including
      the Group Members’ Accountants) in connection with such Financial
      Statements or any audit thereof, each certified to be complete and
      correct copies by a Responsible Officer of the Borrower as part of the
      Compliance Certificate delivered in connection with such Financial
      Statements.
    

    
      (i)  Insurance.  Together with each delivery of any
      Financial Statement for any Fiscal Year pursuant to clause (c)
      above, each in form and substance reasonably satisfactory to the
      Administrative Agent and certified as complete and correct by a
      Responsible Officer of the Borrower as part of the Compliance
      Certificate delivered in connection with such Financial Statements, a
      summary of all material insurance coverage maintained as of the date
      thereof by any Group Member, together with such other related documents
      and information as the Administrative Agent may reasonably require.
    

    
      Section 6.2  Other Events.  The Borrower shall
      give the Administrative Agent notice of each of the following (which may
      be made by telephone if promptly confirmed in writing) promptly after
      any Responsible Officer of any Group Member has knowledge
      thereof:  (a)(i) any Default and (ii) any event that would reasonably be
      expected to have a Material Adverse Effect, specifying, in each case,
      the nature and anticipated effect thereof and any action proposed to be
      taken in connection therewith, (b) any event (other than any event
      involving loss or damage to property) reasonably expected to result in a
      mandatory payment of the Obligations pursuant to Section 2.8,
      stating the material terms and conditions of such transaction and
      estimating the Net Cash Proceeds thereof, (c) the commencement of, or
      any material developments in, any action, investigation, suit,
      proceeding, audit, claim, demand, order or dispute with, by or before
      any Governmental Authority affecting any Group Member or any property of
      any Group Member that (i) seeks injunctive or similar relief, (ii) in
      the reasonable judgment of the Borrower, exposes any Group Member to
      liability in an aggregate amount in excess of $5,000,000 or (iii) if
      adversely determined would reasonably be expected to have a Material
      Adverse Effect and (d) the acquisition of any material real property or
      the entering into any material lease.
    

    
      Section 6.3  Copies of Notices and Reports.  The
      Borrower shall, promptly upon their becoming available, deliver to the
      Administrative Agent copies of each of the following:  (a) all reports
      that the Borrower transmits to its security holders generally, (b) all
      documents that any Group Member files with the Securities and Exchange
      Commission, the National Association of Securities Dealers, Inc., any
      securities exchange or any Governmental Authority exercising similar
      functions, (c) all press releases not made available directly to the
      general public and (d) any material document transmitted or received
      pursuant to, or in connection with, any Contractual Obligation governing
      Indebtedness of any Group Member in excess of $25,000,000.
    

    
      Section 6.4  Taxes.  The Borrower shall give the
      Administrative Agent notice of each of the following (which may be made
      by telephone if promptly confirmed in writing) promptly after any
      Responsible Officer of any Group Member knows or has reason to know of
      it:  (a) the creation, or filing with the IRS or any other Governmental
      Authority, of any Contractual Obligation or other document extending, or
      having the effect of extending, the period for assessment or collection
      of any taxes with respect to any Tax Affiliate and (b) the creation of
      any Contractual Obligation of any Tax Affiliate, or the receipt of any
      request directed to any Tax Affiliate, to make any adjustment under
      Section 481(a) of the Code, by reason of a change in accounting method
      or otherwise, which would in the case of either (a) or (b) have a
      Material Adverse Effect.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          53
        

        
          

        

      

      
        

        

      

    

    
      Section 6.5  Labor Matters.  The Borrower shall
      give the Administrative Agent notice of each of the following (which may
      be made by telephone if promptly confirmed in writing), promptly after,
      and in any event within 30 days after any Responsible Officer of any
      Group Member knows or has reason to know of it:  (a) the commencement of
      any material labor dispute to which any Group Member is or may become a
      party, including any strikes, lockouts or other disputes relating to any
      of such Person’s plants and other facilities and (b) the incurrence by
      any Group Member of any Worker Adjustment and Retraining Notification
      Act or related or similar liability incurred with respect to the closing
      of any plant or other facility of any such Person (other than those
      that, in the case of either (a) or (b), would not, in the aggregate,
      have a Material Adverse Effect).
    

    
      Section 6.6  ERISA Matters.  The Borrower shall
      give the Administrative Agent (a) on or prior to any filing by any ERISA
      Affiliate of any notice of intent to terminate any Title IV Plan, which
      termination could be reasonably likely to require any Group Member to
      make any payment in respect thereof, a copy of such notice and (b)
      promptly, and in any event within 10 days, after any Responsible Officer
      of any ERISA Affiliate knows or has reason to know that a request for a
      minimum funding waiver under Section 412 of the Code has been filed with
      respect to any Title IV Plan or Multiemployer Plan, which, in either
      case, could be reasonably likely to require any Group Member to make any
      payment in respect thereof, a notice (which may be made by telephone if
      promptly confirmed in writing) describing such waiver request and any
      action that any ERISA Affiliate proposes to take with respect thereto,
      together with a copy of any notice filed with the PBGC or the IRS
      pertaining thereto.
    

    
      Section 6.7  Environmental Matters.  (a)  The
      Borrower shall provide the Administrative Agent notice of each of the
      following (which may be made by telephone if promptly confirmed by the
      Administrative Agent in writing) promptly after any Responsible Officer
      of any Group Member knows (and, upon reasonable request of the
      Administrative Agent, documents and information in connection
      therewith):  (i)(A) unpermitted Releases, (B) the receipt by any Group
      Member of any notice of violation of or potential liability or similar
      notice under, or the existence of any condition that could reasonably be
      expected to result in violations of or liabilities under, any
      Environmental Law or (C) the commencement of, or any material change to,
      any action, investigation, suit, proceeding, audit, claim, written
      demand, dispute alleging a violation of or liability under any
      Environmental Law, that, for each of clauses (A), (B) and (C)
      above (and, in the case of clause (C), if adversely
      determined), in the aggregate for each such clause, could reasonably be
      expected to result in Environmental Liabilities in excess of $500,000,
      (ii) the receipt by any Group Member of notification that any
      property of any Group Member is subject to any Lien in favor of any
      Governmental Authority securing, in whole or in part, Environmental
      Liabilities and (iii) any proposed acquisition or lease of real property
      (except as part of any Permitted Acquisition) if such acquisition or
      lease would have a reasonable likelihood of resulting in aggregate
      Environmental Liabilities in excess of $500,000.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          54
        

        
          

        

      

      
        

        

      

    

    
      (b)  Upon reasonable request of the Administrative Agent, the Borrower
      shall provide the Administrative Agent a report containing an update as
      to the status of any environmental, health or safety compliance, hazard
      or liability issue identified in any document delivered to any Secured
      Party pursuant to any Loan Document or as to any condition reasonably
      believed by the Administrative Agent to result in material Environmental
      Liabilities.
    

    
      Section 6.8  Other Information.  The Borrower
      shall provide the Administrative Agent with such other documents and
      information with respect to the business, property, condition (financial
      or otherwise), legal, financial or corporate or similar affairs or
      operations of any Group Member as the Administrative Agent or such
      Lender through the Administrative Agent may from time to time reasonably
      request.
    

    
      Section 6.9  Additional Information.  In
      addition, from and after the Amendment No. 3 Effective Date, weekly, on
      Friday of each week, the Borrower shall deliver (i) to the
      Administrative Agent and the Lenders a Borrowing Base Certificate (as
      defined as of the date hereof in the Revolving Credit Agreement) with
      respect to Borrower and its Domestic Subsidiaries, accompanied by such
      supporting detail and documentation as has been delivered to the
      Revolving Credit Administrative Agent (other than any third party
      valuation reports prepared for the Revolving Credit Administrative
      Agent), as provided for therein in connection with a Borrowing Base
      Certificate and (ii) to the Administrative Agent and the Lenders, a 13
      week rolling cash flow forecast, together with an explanation of the
      differences from the prior cash flow forecast, in each case, in form and
      substance satisfactory to the Lenders. Borrower shall also deliver to
      the Administrative Agent and the Lenders all term sheets, engagement
      letters, letters of intent, agreements in principle and definitive
      agreements and, to the extent requested by the Administrative Agent or
      any Lender, other material documents, in each case relating to efforts
      by or on behalf of Borrower to raise debt or equity capital or to sell
      Borrower, and Borrower agrees not to enter into any such agreement that
      is subject to confidentiality provisions that prohibit disclosure
      thereof to the Administrative Agent and the Lenders.  Borrower shall
      conduct weekly telephone calls with the Administrative Agent, the other
      Lenders who wish to participate, the advisors to the Administrative
      Agent and to the Lenders and the financial advisors to the Borrower.
      Such telephone calls may be conducted concurrently with those required
      by Section 6.9 of the Revolving Credit Agreement. From time to
      time, at the request of the Administrative Agent or any Lender, Borrower
      shall deliver to the Administrative Agent and the Lenders lists of all
      financial advisors retained by Borrower and descriptions of the
      compensation arrangements made with such financial advisors, and shall
      provide to the Administrative Agent and the Lenders access to such
      advisors and such other information as the Administrative Agent or any
      Lender may request with respect to work being performed by such advisors
      on behalf of the Borrower.
    

    
      Section 6.10  Additional Deliveries.  Concurrently
      with delivering or giving any financial statement, certificate, report,
      notice or writing, or providing other information, under the foregoing
      provisions of Section 6, Borrower will deliver a copy of such
      financial statement, certificate, report, notice or writing or provide
      such other information to the Lenders.
    

    
      ARTICLE 7  
AFFIRMATIVE COVENANTS
    

    
      The Borrower (and, to the extent set forth in any other Loan Document,
      each other Loan Party) agrees with the Lenders and the Administrative
      Agent to perform and observe each of the following covenants until the
      Satisfaction Date:
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          55
        

        
          

        

      

      
        

        

      

    

    
      Section 7.1  Maintenance of Corporate Existence.  Each
      Group Member shall (a) preserve and maintain its legal existence, except
      in the consummation of transactions expressly permitted by Sections
      8.4 and 8.7, and (b) preserve and maintain its rights
      (charter and statutory), privileges franchises and Permits required in
      the conduct of its business, except, in the case of this clause (b),
      where the failure to do so would not, in the aggregate, reasonably be
      expected to have a Material Adverse Effect.
    

    
      Section 7.2  Compliance with Laws, Etc.  Each
      Group Member shall comply with all applicable Requirements of Law,
      Contractual Obligations and Permits, except for such failures to comply
      that would not, in the aggregate, reasonably be expected to have a
      Material Adverse Effect.
    

    
      Section 7.3  Payment of Obligations.  Each Group
      Member shall pay or discharge before they become delinquent (a) all
      material claims, taxes, assessments, charges and levies imposed by any
      Governmental Authority and (b) all other lawful claims, in each case,
      that if unpaid would, by the operation of applicable Requirements of
      Law, become a Lien upon any property of any Group Member, except, in
      each case, for those whose amount or validity is being contested in good
      faith by proper proceedings diligently conducted and for which adequate
      reserves are maintained on the books of the appropriate Group Member in
      accordance with GAAP.
    

    
      Section 7.4  Maintenance of Property.  Each
      Group Member shall maintain and preserve (a) in good working order and
      condition all of its property necessary in the conduct of its business
      and (b) all rights, permits, licenses, approvals and privileges
      (including all Permits) necessary, in the conduct of its business and
      shall make all necessary or appropriate filings with, and give all
      required notices to, Government Authorities, except for such failures to
      maintain and preserve the items set forth in clauses (a)
      and (b) above that would not, in the aggregate, reasonably be
      expected to have a Material Adverse Effect.
    

    
      Section 7.5  Maintenance of Insurance.  Each
      Group Member shall (a) maintain or cause to be maintained in full force
      and effect all policies of insurance of any kind with respect to the
      property and businesses of the Group Members (including policies of
      life, fire, theft, product liability, public liability, property damage,
      other casualty, employee fidelity, workers’ compensation, business
      interruption and employee health and welfare insurance) with financially
      sound and reputable insurance companies or associations (in each case
      that are not Affiliates of the Borrower) of a nature and providing such
      coverage as is customarily carried by businesses of the size and
      character of the business of the Group Members and (b) cause all such
      insurance relating to any property or business of any Loan Party to name
      the Administrative Agent on behalf of the Secured Parties as additional
      insured or loss payee, as appropriate, and to provide that no
      cancellation, material addition in amount or material change in coverage
      shall be effective until after 30 days’ notice thereof to the
      Administrative Agent.
    

    
      Section 7.6  Keeping of Books.  The Group
      Members shall keep proper books of record and account, in which full,
      true and correct entries shall be made in accordance with GAAP and all
      other applicable Requirements of Law of all financial transactions and
      the assets and business of each Group Member.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          56
        

        
          

        

      

      
        

        

      

    

    
      Section 7.7  Access to Books and Property.  Each
      Group Member shall permit the Administrative Agent, the Lenders and any
      Related Person of any of them and any financial advisor to the Lenders
      or legal counsel to the Administrative Agent or to the Lenders (other
      than the Administrative Agent), as often as reasonably requested, at any
      reasonable time during normal business hours and with reasonable advance
      notice (except that, during the continuance of an Event of Default, no
      such notice shall be required) to (a) visit and inspect the property of
      each Group Member and examine and make copies of and abstracts from, the
      corporate (and similar), financial, operating and other books and
      records of each Group Member, (b) discuss the affairs, finances and
      accounts of each Group Member with any officer or director of any Group
      Member and (c) communicate directly with any registered certified public
      accountants (including the Group Members’ Accountants); provided that if
      such visit or inspection occurs at any time when no Default has occurred
      and is continuing, such visit or inspection shall be coordinated through
      the Administrative Agent.  Each Group Member shall authorize its
      respective registered certified public accountants (including the Group
      Members’ Accountants) to communicate directly with the Administrative
      Agent, the Lenders and their Related Persons and with any financial
      advisor to the Lenders or legal counsel to the Administrative Agent or
      the Lenders, and to disclose to the Administrative Agent, the Lenders
      and their Related Persons and any financial advisor to the Lenders or
      legal counsel to the Administrative Agent or the Lenders all financial
      statements and other documents and information as they might have and
      the Administrative Agent or any Lender reasonably requests with respect
      to any Group Member.
    

    
      Section 7.8  Environmental.  Each Group Member
      shall comply with, and maintain its real property, whether owned,
      leased, subleased or otherwise operated or occupied, in compliance with,
      all applicable Environmental Laws (including by implementing any
      Remedial Action necessary to achieve such compliance or that is required
      by orders and directives of any Governmental Authority) except for
      failures to comply that would not, in the aggregate, have a Material
      Adverse Effect.  Without limiting the foregoing, if an Event of Default
      is continuing or if the Administrative Agent at any time has a
      reasonable basis to believe that there exist violations of Environmental
      Laws by any Group Member or that there exist any Environmental
      Liabilities, in each case, that would have, in the aggregate, a Material
      Adverse Effect, then each Group Member shall, promptly upon receipt of
      request from the Administrative Agent, cause the performance of, and
      allow the Administrative Agent and its Related Persons access to such
      real property for the purpose of conducting, such environmental audits
      and assessments, including subsurface sampling of soil and groundwater,
      and cause the preparation of such reports, in each case as the
      Administrative Agent may from time to time reasonably request.  Such
      audits, assessments and reports, to the extent not conducted by the
      Administrative Agent or any of its Related Persons, shall be conducted
      and prepared by reputable environmental consulting firms reasonably
      acceptable to the Administrative Agent and shall be in form and
      substance reasonably acceptable to the Administrative Agent.
    

    
      Section 7.9  Use of Proceeds.  The proceeds of
      the Term Loans (except for any PIK Loans) shall be used by the Borrower
      (and, to the extent distributed to them by the Borrower, each other
      Group Member) solely (a) to consummate the Related Transactions and for
      the payment of related transaction costs, fees and expenses and (b) for
      the payment of transaction costs, fees and expenses incurred in
      connection with the Loan Documents and the transactions contemplated
      therein.
    

    
      Section 7.10  Additional Collateral and Guaranties.  To
      the extent not delivered to the Administrative Agent on or before the
      Closing Date (including in respect of after-acquired property and
      Persons that become Subsidiaries of any Loan Party after the Closing
      Date), each Group Member shall, promptly, do each of the following,
      unless otherwise agreed by the Administrative Agent:
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          57
        

        
          

        

      

      
        

        

      

    

    
      (a)  deliver to the Administrative Agent such modifications to the terms
      of the Loan Documents (or, to the extent applicable as determined by the
      Administrative Agent, such other documents), in each case, in form and
      substance reasonably satisfactory to the Administrative Agent and as the
      Administrative Agent deems reasonably necessary to ensure the following:
    

    
      (i)  each Wholly Owned Subsidiary of the Borrower that is not an
      Excluded Foreign Subsidiary (including any such Subsidiary acquired or
      created after the Closing Date) shall be a Guarantor hereunder and under
      the Guaranty and Security Agreement; and
    

    
      (ii)  each Loan Party (including any Person required to become a
      Guarantor pursuant to clause (i) above) shall grant to the
      Administrative Agent and Collateral Agent, for the benefit of the
      Secured Parties, a valid and enforceable security interest in all of its
      property (other than property of a type excluded from the granting
      clauses of the Guaranty and Security Agreement or constituting leased
      real property), including all of its Stock and Stock Equivalents and
      other Securities, as security for the Obligations of such Loan Party;
    

    
      provided, however, that in no event shall the Loan
      Parties, individually or collectively, be required to pledge in excess
      of 66% of the outstanding Voting Stock of any Excluded Foreign
      Subsidiary or any Subsidiary of an Excluded Foreign
      Subsidiary;
    

    
      (b)  deliver to the Administrative Agent (or, at the Administrative
      Agent's direction, to the Collateral Agent) all documents representing
      all certificated Stock, Stock Equivalents and other Securities required
      to be pledged pursuant to the documents delivered pursuant to clause
      (a) above, together with undated powers or endorsements duly
      executed in blank;
    

    
      (c)  upon request of the Administrative Agent, deliver to the
      Administrative Agent a Mortgage on any real property owned by any
      Loan Party the fair market value of which exceeds $1,000,000 on
      the date of determination, together with all Mortgage Supporting
      Documents relating thereto (or, if such real property is located in a
      jurisdiction outside the United States, similar documents deemed
      reasonably necessary by the Administrative Agent to obtain the
      equivalent in such jurisdiction of a first-priority mortgage on such
      real property);
    

    
      (d)  to take all other actions reasonably necessary to ensure the
      validity or continuing validity of any guaranty for any Obligation or
      any Lien securing any Obligation, to perfect, maintain, evidence or
      enforce any Lien securing any Obligation or to ensure such Liens have
      the same priority as that of the Liens on similar Collateral set forth
      in the Loan Documents executed on the Closing Date (or, for Collateral
      located outside the United States, a similar priority reasonably
      acceptable to the Administrative Agent), including the filing of UCC
      financing statements in such jurisdictions as may be required by the
      Loan Documents or applicable Requirements of Law or as the
      Administrative Agent may otherwise reasonably request and to become a
      party to the Intercreditor Agreement as an “Obligor” pursuant to
      documents in form and substance reasonably acceptable to the
      Administrative Agent; and
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          58
        

        
          

        

      

      
        

        

      

    

    
      (e)  deliver to the Administrative Agent legal opinions relating to the
      matters described in this Section 7.10, which opinions shall
      be as reasonably required by, and in form and substance and from counsel
      reasonably satisfactory to, the Administrative Agent.
    

    
      Section 7.11  Deposit Accounts; Securities Accounts
      and Cash Collateral Accounts.  (a)  Each Loan Party
      shall (i) deposit all of its cash (other than cash in respect of any
      Excluded Account) into deposit accounts that are Controlled
      Deposit Accounts, and (ii) deposit all of its Cash Equivalents into
      securities accounts that are Controlled Securities Accounts.
    

    
      (b)  The Administrative Agent shall not have any responsibility for, or
      bear any risk of loss of, any investment or income of any funds in any
      Controlled Deposit Account, Controlled Securities Account or Cash
      Collateral Account.  From time to time after funds are required to be
      deposited in any Cash Collateral Account pursuant to the terms
      hereof or any other Loan Document, the Administrative Agent may
      apply funds then held in such Cash Collateral Account to the payment of
      Obligations in accordance with Section 2.12.  No Group Member and
      no Person claiming on behalf of or through any Group Member shall have
      any right to demand payment of any funds held in any Cash Collateral
      Account at any time prior to the termination of all Commitments and the
      payment in full of all Obligations and, in the case of L/C Cash
      Collateral Accounts, the termination, or to the extent acceptable to the
      L/C Issuers, the issuance of back-to back letters of credit issued by
      issuers and in form and substance satisfactory in all respects to the
      applicable L/C Issuers and the Administrative Agent in respect of, and
      in an aggregate amount equal to 105% of the amount of, the
      outstanding Letters of Credit.
    

    
      (c)  The Administrative Agent will exercise its rights to block access
      to and direct payment and delivery of cash or securities in any
      Controlled Deposit Account or Controlled Securities Account only while
      an Event of Default is continuing, and will terminate such exercise
      promptly thereafter once no Event of Default is continuing, provided,
      however, that notwithstanding the foregoing, from and after the
      Amendment No. 3 Effective Date, whether or not any Event of Default is
      continuing, the Administrative Agent may direct, and at the direction of
      the Required Lenders shall direct, that all cash or securities in any
      Controlled Deposit Account (other than Borrower’s disbursement account
      into which proceeds of the Loans under (and as such term is defined in)
      the Revolving Credit Agreement are deposited) or Controlled Securities
      Account be transferred on a daily basis to a deposit account maintained
      by and in the name of the Administrative Agent (which may be the deposit
      account described in Section 2.13(a)) for application to the
      Obligations.
    

    
      Section 7.12  Credit Rating.  The Borrower shall
      at all times use its commercially reasonable efforts to obtain and to
      cause a credit rating by S&P and by Moody’s to be maintained with
      respect to the Term Loan Facility and the Borrower hereunder.
    

    
      Section 7.13  Interest Rate Contracts.  The
      Borrower shall, within 120 days after the Closing Date, enter into and
      thereafter maintain Interest Rate Contracts on terms and with
      counterparties reasonably satisfactory to the Administrative Agent, to
      provide protection against fluctuation of interest rates until the 3rd
      anniversary of the Closing Date for a notional amount equal to at least
      50% of the sum of the aggregate Commitments on the date hereof.  
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          59
        

        
          

        

      

      
        

        

      

    

    
      ARTICLE 8  
NEGATIVE COVENANTS
    

    
      The Borrower (and, to the extent set forth in any other Loan Document,
      each other Loan Party) agrees with the Lenders and the Administrative
      Agent to perform and observe each of the following covenants until the
      Satisfaction Date:
    

    
      Section 8.1  Indebtedness.  No Group Member
      shall, directly or indirectly, incur or otherwise remain liable with
      respect to or responsible for, any Indebtedness except for the following:
    

    
      (a)  the Obligations;
    

    
      (b)  Indebtedness existing on the date hereof and set forth on Schedule 8.1,
      together with any Permitted Refinancing of any Indebtedness permitted
      hereunder in reliance upon this clause (b);
    

    
      (c)  Indebtedness consisting of Capitalized Lease Obligations (other
      than with respect to a lease entered into as part of a Sale and
      Leaseback Transaction) and purchase money Indebtedness, in each case
      incurred by any Group Member to finance the acquisition, repair,
      improvement or construction of fixed or capital assets of such Group
      Member, together with any Permitted Refinancing of any Indebtedness
      permitted hereunder in reliance upon this clause (c); provided,
      however, that (i) the aggregate outstanding principal amount of
      all such Indebtedness does not exceed $5,000,000 at any time and
      (ii) the principal amount of such Indebtedness does not exceed the lower
      of the cost or fair market value of the property so acquired or built or
      of such repairs or improvements financed, whether directly or through a
      Permitted Refinancing, with such Indebtedness (each measured at the time
      such acquisition, repair, improvement or construction is made);
    

    
      (d)  Capitalized Lease Obligations arising under Sale and Leaseback
      Transactions entered into prior to the date hereof;
    

    
      (e)  intercompany loans owing to any Group Member and constituting
      Permitted Investments of such Group Member;
    

    
      (f)  (i) obligations under Interest Rate Contracts entered into to
      comply with Section 7.13 and (ii) obligations under other
      Hedging Agreements entered into for the sole purpose of hedging in the
      normal course of business and consistent with industry practices;
    

    
      (g)  Guaranty Obligations of any Group Member with respect to
      Indebtedness of any Group Member (other than Indebtedness permitted
      hereunder in reliance upon clause (b) or (c) above, for
      which Guaranty Obligations may be permitted to the extent set forth in
      such clauses);
    

    
      (h)  unsecured Indebtedness of the Borrower owing under the Senior
      Subordinated Notes pursuant to the Senior Subordinated Notes Indenture
      and any Permitted Refinancing thereof; provided, however,
      that the aggregate outstanding principal amount of all such Indebtedness
      shall not exceed $155,000,000 at any time, plus, in the case of any
      Permitted Refinancing thereof, any fees, premiums, costs and expenses
      financed thereby;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          60
        

        
          

        

      

      
        

        

      

    

    
      (i)  the Revolving Obligations and any Permitted Refinancing thereof;
    

    
      (j)  any unsecured Indebtedness of any Group Member and any Permitted
      Refinancing thereof; provided, however, that the aggregate
      outstanding principal amount of all such unsecured Indebtedness shall
      not exceed $10,000,000 at any time;
    

    
      (k)  Indebtedness arising from agreements of the Borrower or a
      Subsidiary of the Borrower providing for indemnification, adjustment of
      purchase price, earn out or other similar obligations, in each case,
      incurred or assumed in connection with the disposition of any business,
      assets or Subsidiary of the Borrower, other than guarantees of
      Indebtedness incurred by any Person acquiring all or any portion of such
      business, assets or Subsidiary for the purpose of financing such
      acquisition; provided that the maximum assumable liability in
      respect of all such Indebtedness shall at no time exceed the gross
      proceeds actually received by the Borrower and its Subsidiaries in
      connection with such disposition and such disposition shall be permitted
      by the terms of this Agreement;
    

    
      (l)  Indebtedness of Dayton Superior Canada Ltd. in a principal amount
      not exceeding $5,000,000 or its equivalent in Canadian dollars
      outstanding at any time and any Permitted Refinancing thereof, provided,
      that (i) the credit agreement and related documents are in form
      and substance reasonably satisfactory to the Administrative Agent and
      (ii) no other Loan Party shall have any liability with respect to such
      Indebtedness or shall provide any collateral security or other support
      with respect thereto;
    

    
      (m)  unsecured Indebtedness issued or acquired in connection with a
      Permitted Acquisition in an amount not to exceed $7,500,000 on the date
      of issuance or assumption, as applicable, and any Permitted Refinancing
      thereof; provided that, in the case of any such Indebtedness that was
      issued in connection with a Permitted Acquisition, the final
      maturity of such Indebtedness is on or after the date that is six months
      after the 6th anniversary of the Closing Date;
    

    
      (n)  Indebtedness arising from performance and surety bonds and
      completion guarantees provided by the Borrower or any Subsidiary of the
      Borrower in the ordinary course of business not in excess of $2,000,000
      in the aggregate outstanding at any time; and
    

    
      (o)  Indebtedness arising under indemnity agreements to title insurers
      to cause such title insurers to issue to the Administrative Agent
      mortgagee title insurance policies.
    

    
      Section 8.2  Liens.  No Group Member shall
      incur, maintain or otherwise suffer to exist any Lien upon or with
      respect to any of its property, whether now owned or hereafter acquired,
      or assign any right to receive income or profits, except for the
      following:
    

    
      (a)  Liens created pursuant to any Loan Document;
    

    
      (b)  Customary Permitted Liens of Group Members;
    

    
      (c)  Liens existing on the date hereof and set forth on Schedule 8.2
      and any extensions or renewals thereof;
    

    
      (d)  Liens on the property of the Borrower or any of its Subsidiaries
      securing Indebtedness permitted hereunder in reliance upon Section 8.1(c);
      provided, however, that (i) such Liens exist prior to the
      acquisition of, or attach substantially simultaneously with, or within
      90 days after, the acquisition, repair, improvement or construction of,
      such property financed, whether directly or through a Permitted
      Refinancing, by such Indebtedness and (ii) such Liens do not extend to
      any property of any Group Member other than the property (and proceeds
      thereof) acquired or built, or the improvements or repairs, financed,
      whether directly or through a Permitted Refinancing, by such
      Indebtedness;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          61
        

        
          

        

      

      
        

        

      

    

    
      (e)  Liens on the property of the Borrower or any of its Subsidiaries
      securing the Permitted Refinancing of any Indebtedness secured by any
      Lien on such property permitted hereunder in reliance upon clause (c)
      or (d) above or this clause (e) without any change in the
      property subject to such Liens;
    

    
      (f)  Liens securing the Revolving Obligations and Liens securing any
      Permitted Refinancing of the Revolving Obligations, so long as the
      Intercreditor Agreement or in the case of such a Permitted Refinancing,
      another intercreditor agreement satisfying the requirements of the term
      “Permitted Refinancing” is in effect;
    

    
      (g)  Liens securing any Permitted Refinancing of the Senior Subordinated
      Notes; and
    

    
      (h)  Liens on any property of the Borrower or any of its Subsidiaries
      securing any of their Indebtedness or their other liabilities; provided,
      however, that the aggregate outstanding principal amount of all
      such Indebtedness and other liabilities shall not exceed $10,000,000 at
      any time.
    

    
      Section 8.3  Investments.  No Group Member shall
      make or maintain, directly or indirectly, any Investment except for the
      following:
    

    
      (a)  Investments existing on the date hereof and set forth on Schedule 8.3;
    

    
      (b)  Investments in cash and Cash Equivalents;
    

    
      (c)  (i) endorsements for collection or deposit in the ordinary course
      of business consistent with past practice, (ii) extensions of trade
      credit (other than to Affiliates of the Borrower) arising or acquired in
      the ordinary course of business and (iii) Investments received in
      settlements in the ordinary course of business of such extensions of
      trade credit;
    

    
      (d)  Investments made as part of a Permitted Acquisition;
    

    
      (e)  Investments by (i) any Loan Party in any other Loan Party, (ii) any
      Group Member that is not a Loan Party in any Group Member or in any
      joint venture or (iii) any Loan Party in any Group Member that is not a
      Loan Party or in any joint venture; provided, however,
      that the aggregate outstanding amount of all Investments permitted
      pursuant to this clause (iii) shall not exceed $5,000,000 at any
      time; and provided, further, that any Investment
      consisting of loans or advances to any Loan Party pursuant to clause
      (ii) above shall be subordinated in full to the payment of the
      Obligations of such Loan Party on terms and conditions reasonably
      satisfactory to the Administrative Agent;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          62
        

        
          

        

      

      
        

        

      

    

    
      (f)  loans or advances to employees of the Borrower or any of its
      Subsidiaries to finance travel, entertainment and relocation expenses
      and other ordinary business purposes in the ordinary course of business
      as presently conducted; provided, however, that the
      aggregate outstanding principal amount of all loans and advances
      permitted pursuant to this clause (f) shall not exceed $5,000,000
      at any time;
    

    
      (g)  other Investments of the Borrower and its Subsidiaries to the
      extent paid for with Qualified Capital Stock of the Borrower the
      proceeds of which have not been used for any other purpose or any other
      calculation hereunder;
    

    
      (h)  Guaranty Obligations permitted to be incurred under Section
      8.1;
    

    
      (i)  Investments made by the Borrower or its Subsidiaries as a result of
      consideration received in connection with Sales of assets made in
      compliance with Section 8.4; and
    

    
      (j)  any Investment by the Borrower or any of its Subsidiaries; provided,
      however, that the aggregate outstanding amount of all such
      Investments shall not exceed $10,000,000 at any time.
    

    
      Section 8.4  Asset Sales.  No Group Member shall
      Sell any of its property (other than cash or Cash Equivalents) or issue
      shares of its own Stock, except for the following:
    

    
      (a)  in each case to the extent entered into in the ordinary course of
      business and made to a Person that is not an Affiliate of the Borrower,
      (i) Sales of Cash Equivalents, inventory (including items in the rental
      fleet), (ii) Sales of property that has become obsolete or worn out and
      (ii) non-exclusive licenses of Intellectual Property;
    

    
      (b)  a true lease or sublease of real property not constituting
      Indebtedness and not entered into as part of a Sale and Leaseback
      Transaction;
    

    
      (c)  (i) any Sale of any property (other than their own Stock or Stock
      Equivalents) by any Group Member to any other Group Member to the extent
      any resulting Investment constitutes a Permitted Investment, (ii) any
      Restricted Payment by any Group Member permitted pursuant to Section 8.5
      and (iii) any distribution by the Borrower of the proceeds of Restricted
      Payments from any other Group Member to the extent permitted in Section 8.5;
    

    
      (d)  (i) any Sale or issuance by the Borrower of its own Stock, (ii) any
      Sale or issuance by any Subsidiary of the Borrower of its own Stock to
      any Group Member or any other Person to the extent not prohibited
      by this Agreement or creating a Default or Event of Default, provided,
      however, that in the case of this clause (ii), the
      proportion of such Stock and of each class of such Stock (both on an
      outstanding and fully-diluted basis) held by the Loan Parties, taken as
      a whole, does not change as a result of such Sale or issuance and (iii)
      to the extent necessary to satisfy any Requirement of Law in the
      jurisdiction of incorporation of any Subsidiary of the Borrower, any
      Sale or issuance by such Subsidiary of its own Stock constituting
      directors’ qualifying shares or nominal holdings; and
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          63
        

        
          

        

      

      
        

        

      

    

    
      (e)  as long as no Default is continuing or would result therefrom, any
      Sale of property (other than as part of a Sale and Leaseback
      Transaction) of, or Sale or issuance of its own Stock by, any Group
      Member for at least the fair market value thereof and where at least 75%
      of the consideration in respect thereof is in the form of cash, except
      as otherwise agreed by the Administrative Agent; provided, however,
      that the aggregate consideration received during any Fiscal Year for all
      such Sales shall not exceed $5,000,000.
    

    
      Section 8.5  Restricted Payments.  No Group
      Member shall directly or indirectly, declare, order, pay, make or set
      apart any sum for any Restricted Payment except for the following:
    

    
      (a)  (i) Restricted Payments (A) by any Group Member that is a Loan
      Party to any Loan Party and (B) by any Group Member that is not a Loan
      Party to any Group Member and (ii) dividends and distributions by any
      Subsidiary of the Borrower that is not a Loan Party to any holder of its
      Stock, to the extent made to all such holders ratably according to their
      ownership interests in such Stock;
    

    
      (b)  dividends and distributions declared and paid on the common Stock
      of any Group Member ratably to the holders of such common Stock and
      payable only in common Stock of such Group Member;
    

    
      (c)  omitted;
    

    
      (d)  if no Default or Event of Default shall have occurred and be
      continuing or shall occur as a consequence thereof, the acquisition of
      any shares of Stock of the Borrower (the “Retired Capital Stock”)
      either (i) solely in exchange for shares of Qualified Capital Stock of
      the Borrower (the “Refunding Capital Stock”) or (ii)
      through the application of net proceeds of a substantially concurrent
      sale for cash (other than to a Subsidiary of the Borrower) or shares of
      Qualified Capital Stock of the Borrower;
    

    
      (e)  if no Default or Event of Default shall have occurred and be
      continuing or shall occur as a consequence thereof, the redemption or
      repurchase of the Borrower’s common equity or options in respect
      thereof, in each case in connection with the repurchase provisions of
      employee stock option or stock purchase agreements or other agreements
      to compensate management employees; provided that all such
      redemptions or repurchases pursuant to this paragraph (f) shall not
      exceed $2,500,000 (with unused amounts in any fiscal year being carried
      over to succeeding Fiscal Years subject to a maximum of $5,000,000 in
      any Fiscal Year) in any Fiscal Year; provided, further, that the
      cancellation of Indebtedness owing to the Borrower from members of
      management of the Borrower or any of its Subsidiaries in connection with
      any repurchase of Stock of the Borrower (or warrants or options or
      rights to acquire such Stock) will not be deemed to constitute a
      Restricted Payment under this Agreement;
    

    
      (f)  repurchases of Stock deemed to occur upon the exercise of stock
      options if such Stock represents a portion of the exercise price thereof;
    

    
      (g)  if no Default or Event of Default shall have occurred and be
      continuing or shall occur as a consequence thereof, other Restricted
      Payments in an aggregate amount not to exceed $5,000,000; and
    

    
      (h)  the Borrower may pay merger and acquisition advisory fees in
      connection with Permitted Acquisitions in an amount not exceeding one
      percent (1%) of the transaction value, and reasonable out-of-pocket
      expense reimbursements payable to Odyssey Investment Partners, LLC; provided,
      that no Default or Event of Default exists at the time of any
      such Restricted Payment or would occur as a result thereof.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          64
        

        
          

        

      

      
        

        

      

    

    
      Section 8.6  Prepayment of Indebtedness.  No
      Group Member shall (x) prepay, redeem, purchase, defease or otherwise
      satisfy prior to the scheduled maturity thereof any Subordinated Debt or
      Subordinated Refinancing Indebtedness, (y) set apart any property for
      such purpose, whether directly or indirectly and whether to a sinking
      fund, a similar fund or otherwise, or (z) make any payment in violation
      of any subordination terms of any Indebtedness; provided, however,
      that each Group Member may, to the extent not otherwise prohibited by
      the Loan Documents, do each of the following:
    

    
      (a)  prepay, redeem, purchase, defease or otherwise satisfy prior to the
      scheduled maturity thereof (or set apart any property for such purpose)
      (A) in the case of any Group Member that is not a Loan Party, any
      Indebtedness owing by such Group Member to any other Group Member and
      (B) otherwise, any Indebtedness owing to any Loan Party;
    

    
      (b)  (i) make regularly scheduled cash interest
      payments pursuant to the terms of the Senior Subordinated Notes, any
      other Subordinated Debt or Subordinated Refinancing Indebtedness (but
      only, in the case of the Senior Subordinated Notes or other Subordinated
      Debt, to the extent permitted by the subordination provisions thereof)
      or pursuant to the terms of any other Subordinated Refinancing
      Indebtedness, and (ii) prepay, redeem, purchase, defease or otherwise
      satisfy prior to the scheduled maturity thereof the Senior Subordinated
      Notes, other Subordinated Debt or Subordinated Refinancing Indebtedness,
      in each case, (A) with the proceeds of a Permitted Refinancing; (B)
      solely in exchange for shares of Qualified Capital Stock of the
      Borrower; (C) through the application of net proceeds of a substantially
      concurrent sale for cash (other than to a Subsidiary of the Borrower) of
      shares of Qualified Capital Stock of the Borrower and (D) in
      connection solely with the payment or prepayment in full or redemption
      of all Senior Subordinated Notes or the defeasance or other satisfaction
      of the Senior Subordinated Note Indenture in respect of all outstanding
      Senior Subordinated Notes and only if and after giving effect thereto
      Borrowing Availability is at least $20,000,000, from (x) up to
      $25,000,000 in proceeds from an increase in the Term Loan Obligations
      (except for any PIK Loans) and (y) other cash resources of the Borrower
      (including proceeds of the Revolving Loans) not exceeding $25,000,000 in
      the aggregate, less (in the case of this clause (y)) all amounts (if
      any) expended as permitted by Section 8.6(e);
    

    
      (c)  make regularly scheduled or otherwise required repayments or
      redemptions of the Senior Subordinated Notes, other Subordinated Debt or
      Subordinated Refinancing Indebtedness, but only, in the case of the
      Senior Subordinated Notes or other Subordinated Debt, to the extent
      permitted by the subordination provisions thereof;
    

    
      (d)  the acquisition of any Subordinated Debt or Subordinated
      Refinancing Indebtedness of the Borrower that is subordinate or junior
      in right of payment to the Obligations either (i) solely in exchange for
      shares of Qualified Capital Stock of the Borrower or (ii) through the
      application of net proceeds of a substantially concurrent sale for cash
      (other than to a Subsidiary of the Borrower) of shares of Qualified
      Capital Stock of the Borrower; and
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          65
        

        
          

        

      

      
        

        

      

    

    
      (e)  the purchase, prepayment, acquisition or retirement for value of up
      to $25,000,000 in aggregate principal amount of Senior Subordinated
      Notes during the term of this Agreement, so long as (i) no Default or
      Event of Default shall have occurred and be continuing or shall occur as
      a consequence thereof, (ii) after giving effect thereto and the
      incurrence of any Obligations in connection therewith, on a Pro Forma
      Basis as of the end of the period for which financial statements have
      been delivered under Section 6.1 or a Borrowing Base Certificate
      (as defined in the Revolving Credit Agreement) has been delivered under Section
      6.1 of the Revolving Credit Agreement most recently prior to such
      purchase, prepayment, acquisition or retirement for value, (x) the
      Consolidated Leverage Ratio shall not be greater than 3.5:1.0 and (y)
      Borrowing Availability (as defined in the Revolving Credit Agreement as
      of the Closing Date) shall be greater than $40,000,000 and the Borrower
      has delivered to the Administrative Agent projections, in form and
      substance reasonably acceptable to the Administrative Agent, that
      Borrowing Availability for the ensuing six months will not be less than
      $40,000,000, and (iii) any such Senior Subordinated Note is retired upon
      any such purchase, prepayment or acquisition for value.
    

    
      Section 8.7  Fundamental Changes.  No Group
      Member shall (a) merge, consolidate or amalgamate with any Person, (b)
      acquire all or substantially all of the Stock or Stock Equivalents of
      any Person or (c) acquire all or substantially all of the assets of any
      Person or all or substantially all of the assets constituting any line
      of business, division, branch, operating division or other unit
      operation of any Person, in each case except for the following:  (x) to
      consummate any Permitted Acquisition, (y) the merger, consolidation or
      amalgamation of (i) any Subsidiary of the Borrower into any Loan
      Party or (ii) of any Subsidiary of the Borrower that is not a Loan Party
      into any other Subsidiary of the Borrower that is not a Loan
      Party and (z) the merger, consolidation or amalgamation of any Group
      Member for the sole purpose, and with the sole material effect, of
      changing its State of organization or formation, as applicable, within
      the United States; provided, however, that (A) in the case
      of any merger, consolidation or amalgamation involving the Borrower, the
      Borrower shall be the surviving Person and (B) in the case of any
      merger, consolidation or amalgamation involving any other Loan Party, a
      Loan Party shall be the surviving corporation and all actions required
      to maintain the perfection of the Lien of the Administrative Agent on
      the Stock or property of such Loan Party shall have been made.
    

    
      Section 8.8  Change in Nature of Business.  No
      Group Member shall carry on any business, operations or activities
      (whether directly, through a joint venture, in connection with a
      Permitted Acquisition or otherwise) substantially different from those
      carried on by the Group Members at the date hereof and any business,
      operations and activities reasonably related or incidental thereto.
    

    
      Section 8.9  Transactions with Affiliates.  No
      Group Member shall, except as otherwise expressly permitted herein,
      enter into any other transaction directly or indirectly with, or for the
      benefit of, any Affiliate of the Borrower that is not a Loan Party
      (including Guaranty Obligations with respect to any obligation of any
      such Affiliate) other than (x) transactions with any such Affiliate that
      are on terms that are not materially less favorable to such Group Member
      than those that might reasonably have been obtained in a comparable
      transaction at such time on an arm’s-length basis from a Person not an
      Affiliate of such Group Member and (y) each of the following:
    

    
       (a)  reasonable fees and compensation paid to, and indemnity provided
      on behalf of, officers, directors, employees or consultants of the
      Borrower or any Subsidiary of the Borrower as determined in good faith
      by the Borrower’s Board of Directors or senior management;
    

    
       (b)  transactions exclusively between or among the Borrower and any of
      its Subsidiaries that are Loan Parties or exclusively between or among
      such Subsidiaries, provided such transactions are not otherwise
      prohibited by this Agreement;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          66
        

        
          

        

      

      
        

        

      

    

    
       (c)  Restricted Payments permitted by this Agreement and Investments
      permitted by this Agreement;
    

    
      (d)  the payment of customary annual management, consulting and advisory
      fees and related expenses to Odyssey Investment Partners and general or
      limited partners made pursuant to any financial advisory, financing,
      underwriting or placement agreement or in respect of other investment
      banking activities, including, without limitation, in connection with
      acquisitions or divestitures which are approved by the Board of
      Directors of Borrower or such Subsidiary in good faith;
    

    
       (e)  payments or loans to employees or consultants that are approved by
      the Board of Directors of Borrower in good faith; and
    

    
       (f)  sales of Qualified Capital Stock.
    

    
      Section 8.10  Third-Party Restrictions on Indebtedness,
      Liens, Investments or Restricted Payments.  No Group Member shall
      incur or otherwise suffer to exist or become effective or remain liable
      on or responsible for any Contractual Obligation limiting the ability of
      (a) any Subsidiary of the Borrower to make Restricted Payments to, or
      Investments in, or repay Indebtedness or otherwise Sell property to, any
      Group Member or (b) any Group Member to incur or suffer to exist
      any Lien upon any property of any Group Member, whether now owned or
      hereafter acquired, securing any of its Obligations (including any
      “equal and ratable” clause and any similar Contractual Obligation
      requiring, when a Lien is granted on any property, another Lien to be
      granted on such property or any other property), except, for each of clauses
      (a) and (b) above, (x) pursuant to the Loan Documents, the
      Revolving Loan Documents and the Senior Subordinated Notes Indenture and
      the documents governing any Permitted Refinancing of the Senior
      Subordinated Notes or the Revolving Loan Documents, (y) limitations on
      Liens (other than those securing any Obligation) on any property whose
      acquisition, repair, improvement or construction is financed by purchase
      money Indebtedness, Capitalized Lease Obligations or Permitted
      Refinancings permitted hereunder in reliance upon Section 8.1(b)
      or (c) set forth in the Contractual Obligations governing such
      Indebtedness, Capitalized Lease Obligations or Permitted Refinancing or
      Guaranty Obligations with respect thereto.
    

    
      Section 8.11  Modification of Certain Documents.  No
      Group Member shall do any of the following:
    

    
       (a)  waive or otherwise modify any term of any Related Document or any
      Constituent Document of, or otherwise change the capital structure of,
      any Group Member (including the terms of any of their outstanding Stock
      or Stock Equivalents), in each case except for those modifications and
      waivers that (x) do not elect, or permit the election, to treat the
      Stock or Stock Equivalents of any limited liability company (or similar
      entity) as certificated and (y) do not materially and adversely affect
      the rights and privileges of any Group Member and do not materially and
      adversely affect the interests of any Secured Party under the Loan
      Documents or in the Collateral;
    

    
       (b)  waive or otherwise modify any term of any Subordinated Debt in a
      manner contrary to any applicable subordination agreement or in any
      manner that would not be permitted as a Permitted Refinancing thereof; or
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          67
        

        
          

        

      

      
        

        

      

    

    
       (c)  permit any Indebtedness (other than the Obligations and the
      Revolving Obligations) to qualify as “Designated Senior Debt” under the
      Senior Subordinated Notes Indenture or permit the Obligations to cease
      qualifying as such or as “Senior Debt” as defined in the Senior
      Subordinated Notes Indenture.
    

    
      Section 8.12  Accounting Changes; Fiscal Year.  No
      Group Member shall change its (a) accounting treatment or reporting
      practices, except as permitted or required by GAAP or any Requirement of
      Law, or (b) its Fiscal Year or its method for determining Fiscal
      Quarters or Fiscal Months; provided that upon thirty (30) days’ prior
      notice to the Administrative Agent the Group Members may change their
      Fiscal Year, Fiscal Quarter or Fiscal Month (such change to be
      applicable to all Group Members included in consolidated financial
      reporting under GAAP); provided, further, that (i) such change does not
      defer the delivery of audited financial statements required hereunder by
      more than one Fiscal Quarter and (ii) the Borrower shall deliver such
      financial information (including reconciliations if required under GAAP)
      as the Administrative Agent may reasonably request with respect to such
      change in Fiscal Year.
    

    
      Section 8.13  Margin Regulations.  No Group Member
      shall use all or any portion of the proceeds of any credit extended
      hereunder to purchase or carry margin stock (within the meaning of
      Regulation U of the Federal Reserve Board) in contravention of
      Regulation U of the Federal Reserve Board.
    

    
      Section 8.14  Compliance with ERISA.  No ERISA
      Affiliate shall cause or suffer to exist (a) any event that could result
      in the imposition of a Lien with respect to any Title IV Plan or
      Multiemployer Plan or (b) any other ERISA Event, that would, in
      the aggregate, have a Material Adverse Effect.  No Group Member shall
      cause or suffer to exist any event that could result in the imposition
      of a Lien with respect to any Benefit Plan.
    

    
      Section 8.15  Hazardous Materials.  No Group Member
      shall cause, or permit any other Person to cause, any Release of any
      Hazardous Material at, to or from any real property owned, leased,
      subleased or otherwise operated or occupied by any Group Member that
      would violate any Environmental Law, form the basis for any
      Environmental Liabilities or otherwise adversely affect the value or
      marketability of any real property (whether or not owned by any Group
      Member), other than such violations, Environmental Liabilities and
      effects that would not, in the aggregate, have a Material Adverse Effect.
    

    
      Section 8.16  Restrictions on Transactions.  Notwithstanding
      anything to the contrary contained in this Section 8, on and
      after the Amendment No.2 Effective Date the Borrower shall not, and
      shall not permit any other Group Member to, incur any Indebtedness
      (including through an exchange offer or refinancing), make any
      Investment, incur any Lien, sell, transfer or dispose of any of its
      property, make any Restricted Payment, prepay, redeem, purchase, defease
      or otherwise satisfy any Subordinated Debt or Subordinated Refinancing
      Indebtedness, enter into any transaction described in Section 8.7, or
      enter into any transaction with any Affiliate other than the following:
    

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

    
      (ii)      Liens permitted by Section
      8.2(a) or Section 8.2(b);
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          68
        

        
          

        

      

      
        

        

      

    

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

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

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

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

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

    
      ARTICLE 9
EVENTS OF DEFAULT
    

    
      Section 9.1  Definition.  Each of the following shall
      be an Event of Default:
    

    
      (a)  the Borrower shall fail to pay (i) any principal of any Term Loan
      when the same becomes due and payable or (ii) any interest on any Term
      Loan, any fee under any Loan Document or any other Obligation (other
      than those set forth in clause (i) above) and, in the case of
      this clause (ii), such non-payment continues for a period of
      3 Business Days after the due date therefor; or
    

    
      (b)  any representation, warranty or certification made or deemed made
      by or on behalf of any Loan Party in any Loan Document or by or on
      behalf of any Loan Party (or any Responsible Officer thereof) in
      connection with any Loan Document (including in any document delivered
      in connection with any Loan Document) shall prove to have been incorrect
      in any material respect when made or deemed made; or
    

    
      (c)  any Loan Party shall fail to comply with (i) any provision of Section 6.1
      (Financial Statements), 6.2(a)(i) (Other Events), 7.1
      (Maintenance of Corporate Existence), 7.9 (Use of Proceeds), Article
      V (Financial Covenants) or Article VIII (Negative
      Covenants) or (ii) any other provision of any Loan Document (other than
      those specified in clauses (a), (b) and (c)(i) of
      this Section 9.1) if, in the case of this clause (ii), such
      failure shall remain unremedied for 30 days after the earlier of (A) the
      date on which a Responsible Officer of the Borrower becomes aware of
      such failure and (B) the date on which notice thereof shall have been
      given to the Borrower by the Administrative Agent or the Required
      Lenders; or
    

    
       (d)  (i) any Group Member shall fail to make any payment when due
      (whether due because of scheduled maturity, required prepayment
      provisions, acceleration, demand or otherwise), after giving effect to
      any applicable grace period, on any Indebtedness of any Group Member
      (other than the Obligations or any Hedging Agreement) and, in each case,
      such failure relates to Indebtedness having a principal amount of
      $5,000,000 or more, (ii) any other event shall occur or condition shall
      exist under any Contractual Obligation relating to any such Indebtedness
      (other than the Obligations), if the effect of such event or condition
      is to accelerate, or to permit the acceleration of, the maturity of such
      Indebtedness having an individual principal amount in excess of
      $5,000,000 or (iii) any such Indebtedness (other than the Obligations)
      having an individual principal amount in excess of $5,000,000 shall
      become or be declared to be due and payable, or be required to be
      prepaid, redeemed, defeased or repurchased (other than by a regularly
      scheduled required prepayment), prior to the stated maturity thereof; or
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          69
        

        
          

        

      

      
        

        

      

    

    
      (e)  (i) any Group Member shall generally not pay its debts as such
      debts become due, shall admit in writing its inability to pay its debts
      generally or shall make a general assignment for the benefit of
      creditors, (ii) any proceeding shall be instituted by or against any
      Group Member seeking to adjudicate it a bankrupt or insolvent or seeking
      liquidation, winding up, reorganization, arrangement, adjustment,
      protection, relief, composition of it or its debts or any similar order,
      in each case under any Requirement of Law relating to bankruptcy,
      insolvency or reorganization or relief of debtors or seeking the entry
      of an order for relief or the appointment of a custodian, receiver,
      trustee, conservator, liquidating agent, liquidator, other similar
      official or other official with similar powers, in each case for it or
      for any substantial part of its property and, in the case of any such
      proceedings instituted against (but not by or with the consent of) any
      Group Member, either such proceedings shall remain undismissed or
      unstayed for a period of 60 days or more or any action sought in such
      proceedings shall occur or (iii) any Group Member shall take any
      corporate or similar action or any other action to authorize any action
      described in clause (i) or (ii) above; or
    

    
       (f)  one or more judgments, orders or decrees (or other similar
      process) shall be rendered against any Group Member (i)(A) in the case
      of money judgments, orders and decrees, involving an aggregate amount
      (excluding amounts adequately covered by insurance payable to any Group
      Member, to the extent the relevant insurer has not denied coverage
      therefor) in excess of $5,000,000 or (B) otherwise, that would have, in
      the aggregate, a Material Adverse Effect and (ii)(A) enforcement
      proceedings shall have been commenced by any creditor upon any such
      judgment, order or decree or (B) such judgment, order or decree shall
      not have been vacated or discharged for a period of 30 consecutive days
      and there shall not be in effect (by reason of a pending appeal or
      otherwise) any stay of enforcement thereof; or
    

    
       (g)  except pursuant to a valid, binding and enforceable termination or
      release permitted under the Loan Documents and executed by the
      Administrative Agent or as otherwise expressly permitted under any Loan
      Document, (i) any provision of any Loan Document shall, at any time
      after the delivery of such Loan Document, fail to be valid and binding
      on, or enforceable against, any Loan Party party thereto, (ii) any Loan
      Document purporting to grant a Lien to secure any Obligation shall, at
      any time after the delivery of such Loan Document, fail to create a
      valid and enforceable Lien on any Collateral or such Lien shall fail or
      cease to be a perfected Lien with the priority required in the relevant
      Loan Document on any Collateral, or (iii) any subordination provision
      pertaining to Subordinated Debt shall, in whole or in part, terminate or
      otherwise fail or cease to be valid and binding on, or enforceable
      against any holder of Subordinated Debt or any trustee or representative
      thereof; or if any Group Member shall state in writing that any of the
      events described in clause (i), (ii) or (iii) above
      shall have occurred; or
    

    
      (h)  there shall occur any Change of Control; or
    

    
       (i)  the Borrower shall extend the expiration date of the Exchange
      Offer and Consent Solicitation Relating to Debt Securities Issued by
      Dayton Superior Corporation, issued by the Borrower on July 15, 2008
      (the “Exchange Offer”), to a date beyond April 20, 2009 or
      shall accept any of the Senior Subordinated Notes pursuant to the
      Exchange Offer.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          70
        

        
          

        

      

      
        

        

      

    

    
      (j)  the Borrower shall fail on or prior to April 9, 2009 to negotiate
      and deliver to the Administrative Agent a letter of intent or definitive
      term sheet for the acquisition of the Borrower by a Person acceptable to
      the Lenders on terms and conditions satisfactory to the Lenders; or
    

    
      (k)  the Borrower shall fail to pay on or prior to 5:00 p.m. (New York
      time) on March 23, 2009, to the Administrative Agent, Gibson, Dunn &
      Crutcher LLP or King & Spalding LLP, in each case, in immediately
      available funds, the  fees and expenses and respective deposits
      described in Section 2(a) of Amendment No. 3; or
    

    
       (l)  the Borrower shall fail to pay, on or prior to 5:00 p.m. (New York
      time) on April 9, 2009 to the Administrative Agent, Macquarie Capital
      Advisors, Gibson, Dunn & Crutcher LLP or King & Spalding LLP, in each
      case, in immediately available funds, the  fees and expenses and deposit
      described in Section 4(k) of Amendment No. 4.
    

    
      Section 9.2  Remedies.  During the continuance of any
      Event of Default, the Administrative Agent may, and, at the request of
      the Required Lenders, shall, in each case by notice to the Borrower and
      in addition to any other right or remedy provided under any Loan
      Document or by any applicable Requirement of Law, do each of the
      following: declare immediately due and payable all or part of any
      Obligation (including any accrued but unpaid interest thereon),
      whereupon the same shall become immediately due and payable, without
      presentment, demand, protest or further notice or other requirements of
      any kind, all of which are hereby expressly waived by the Borrower (and,
      to the extent provided in any other Loan Document, other Loan Parties); provided,
      however, that, effective immediately upon the occurrence of the
      Events of Default specified in Section 9.1(e)(ii), each
      Obligation (including in each case any accrued all accrued but unpaid
      interest thereon) shall automatically become and be due and payable,
      without presentment, demand, protest or further notice or other
      requirement of any kind, all of which are hereby expressly waived by the
      Borrower (and, to the extent provided in any other Loan Document, any
      other Loan Party).
    

    
      Section 9.3  Omitted.  
    

    
      ARTICLE 10  
THE ADMINISTRATIVE AGENT
    

    
      Section 10.1  Appointment and Duties.  (a)  Appointment
      of Administrative Agent.  Each Lender hereby appoints GE Capital
      (together with any successor Administrative Agent pursuant to Section 10.9)
      as the Administrative Agent hereunder and authorizes the Administrative
      Agent to (i) execute and deliver the Loan Documents and accept delivery
      thereof on its behalf from any Group Member, (ii) take such action on
      its behalf and to exercise all rights, powers and remedies and perform
      the duties as are expressly delegated to the Administrative Agent under
      such Loan Documents and (iii) exercise such powers as are reasonably
      incidental thereto.  Without limitation of the foregoing, each Lender
      acknowledges that it has been provided with a copy of the Intercreditor
      Agreement, authorizes the Administrative Agent to enter into such
      Intercreditor Agreement, agrees that upon the execution and delivery of
      the Intercreditor Agreement by the parties thereto, such Lender shall be
      bound by the terms of the Intercreditor Agreement, the terms of which,
      to the extent inconsistent with this Agreement and the other Loan
      Documents shall govern.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          71
        

        
          

        

      

      
        

        

      

    

    
      (b)  Duties as Collateral and Disbursing Agent.  Without
      limiting the generality of clause (a) above, the Administrative
      Agent shall have the sole and exclusive right and authority (to the
      exclusion of the Lenders), and is hereby authorized, directly or, in the
      case of the actions described in clauses (i) through (vi) below, through
      the Collateral Agent as the Administrative Agent may determine from time
      to time, to (i) act as the disbursing and collecting agent for the
      Lenders with respect to all payments and collections arising in
      connection with the Loan Documents (including in any proceeding
      described in Section 9.1(e)(ii) or any other bankruptcy,
      insolvency or similar proceeding), and each Person making any payment in
      connection with any Loan Document to any Secured Party is hereby
      authorized to make such payment to the Administrative Agent, (ii) file
      and prove claims and file other documents necessary or desirable to
      allow the claims of the Secured Parties with respect to any Obligation
      in any proceeding described in Section 9.1(e)(ii) or any
      other bankruptcy, insolvency or similar proceeding (but not to vote,
      consent or otherwise act on behalf of such Secured Party), (iii) act as
      collateral agent for each Secured Party for purposes of the perfection
      of all Liens created by such agreements and all other purposes stated
      therein, (iv) manage, supervise and otherwise deal with the Collateral,
      (v) take such other action as is necessary or desirable to maintain the
      perfection and priority of the Liens created or purported to be created
      by the Loan Documents, (vi) except as may be otherwise specified in any
      Loan Document, exercise all remedies given to the Administrative Agent
      and the other Secured Parties with respect to the Collateral, whether
      under the Loan Documents, applicable Requirements of Law or otherwise
      and (vii) execute any amendment, consent or waiver under the Loan
      Documents on behalf of any Lender that has consented in writing to such
      amendment, consent or waiver; provided, however, that the
      Administrative Agent hereby appoints, authorizes and directs each Lender
      to act as collateral sub-agent for the Administrative Agent and the
      Lenders for purposes of the perfection of all Liens with respect to the
      Collateral, including any deposit account maintained by a Loan Party
      with, and cash and Cash Equivalents held by, such Lender, and may
      further authorize and direct the Lenders to take further actions as
      collateral sub-agents for purposes of enforcing such Liens or otherwise
      to transfer the Collateral subject thereto to the Administrative Agent
      or the Collateral Agent, and each Lender hereby agrees to take such
      further actions to the extent, and only to the extent, so authorized and
      directed.  The Collateral Agent shall serve as collateral agent for the
      Lenders for the purposes of perfection and for such other purposes
      described above at the direction of the Administrative Agent and for no
      other purposes or functions, and shall take no action except at the
      direction, or with the prior written consent, of the Primary
      Administrative Agent.
    

    
      (c)  Limited Duties – Administrative Agent.  Under
      the Loan Documents, the Administrative Agent (i) is acting solely on
      behalf of the Lenders (except to the limited extent provided in Section 2.14(b)
      with respect to the Register and in Section 10.11), with
      duties that are entirely administrative in nature, notwithstanding the
      use of the defined terms “Administrative Agent” and “Primary
      Administrative Agent”, the terms “agent”, “administrative agent” and
      similar terms (other than terms referring to the Collateral Agent, which
      are addressed in clause (d) below) in any Loan Document to refer to the
      Administrative Agent, which terms are used for title purposes only, (ii)
      is not assuming any obligation under any Loan Document other than as
      expressly set forth therein or any role as agent, fiduciary or trustee
      of or for any Lender or any other Secured Party and (iii) shall have no
      implied functions, responsibilities, duties, obligations or other
      liabilities under any Loan Document, and each Lender hereby waives and
      agrees not to assert any claim against the Administrative Agent based on
      the roles, duties and legal relationships expressly disclaimed in clauses
      (i) through (iii) above.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          72
        

        
          

        

      

      
        

        

      

    

    
      (d)  Limited Duties – Collateral Agent.  Under
      the Loan Documents, the Collateral Agent (i) is acting solely on behalf
      of the Lenders (at the direction of the Administrative Agent), with
      duties that are entirely administrative in nature, notwithstanding the
      use of the defined term “Collateral Agent”, the terms “agent”,
      “collateral agent” and similar terms (other than terms referring to the
      Primary Administrative Agent) in any Loan Document to refer to the
      Collateral Agent, which terms are used for title purposes only, (ii) is
      not assuming any obligation under any Loan Document other than as
      expressly set forth therein or any role as agent, fiduciary or trustee
      of or for any Lender or any other Secured Party and (iii) shall have no
      implied functions, responsibilities, duties, obligations or other
      liabilities under any Loan Document, and each Lender hereby waives and
      agrees not to assert any claim against the Collateral Agent based on the
      roles, duties and legal relationships expressly disclaimed in clauses
      (i) through (iii) above.  Notwithstanding clause
      (b) above, the foregoing provisions of this clause (d) or any other
      provision of this Section 10, the Collateral Agent shall not be required
      to take, or to omit to take, any action (i) unless, upon demand, the
      Collateral Agent receives an indemnification satisfactory to it from the
      Lenders (or, to the extent applicable and acceptable to the Collateral
      Agent, any other Secured Party) against all Liabilities that, by reason
      of such action or omission, may be imposed on, incurred by or asserted
      against the Collateral Agent or any Related Person thereof or (ii) that
      is, in the opinion of the Collateral Agent or its counsel, contrary to
      any Loan Document or applicable Requirement of Law.
    

    
      Section 10.2  Binding Effect.  Each Lender agrees that
      (i) any action taken by the Administrative Agent, the Collateral Agent
      or the Required Lenders (or, if expressly required hereby, a greater
      proportion of the Lenders) in accordance with the provisions of the Loan
      Documents, (ii) any action taken by the Administrative Agent or the
      Collateral Agent in reliance upon the instructions of Required Lenders
      (or, where so required, such greater proportion) or by the Collateral
      Agent at the prior written instruction of the Primary Administrative
      Agent, and (iii) the exercise by the Administrative Agent, the
      Collateral Agent or the Required Lenders (or, where so required, such
      greater proportion) of the powers set forth herein or therein, together
      with such other powers as are reasonably incidental thereto, shall be
      authorized and binding upon all of the Secured Parties.
    

    
      Section 10.3  Use of Discretion.  (a)  No
      Action without Instructions.  Neither the Administrative Agent nor
      the Collateral Agent shall be required to exercise any discretion or
      take, or to omit to take, any action, including with respect to
      enforcement or collection, except any action it is required to take or
      omit to take (i) under any Loan Document or (ii) in the case of the
      Administrative Agent pursuant to instructions from the Required Lenders
      (or, where expressly required by the terms of this Agreement, a greater
      proportion of the Lenders) or in the case of the Collateral Agent
      pursuant to instructions from the Primary Administrative Agent.
    

    
      (b)  Right Not to Follow Certain Instructions.  Notwithstanding
      clause (a) above, the Administrative Agent shall not be required
      to take, or to omit to take, any action (i) unless, upon demand, the
      Administrative Agent receives an indemnification satisfactory to it from
      the Lenders (or, to the extent applicable and acceptable to the
      Administrative Agent, any other Secured Party) against all Liabilities
      that, by reason of such action or omission, may be imposed on, incurred
      by or asserted against the Administrative Agent or any Related Person
      thereof or (ii) that is, in the opinion of the Administrative Agent or
      its counsel, contrary to any Loan Document or applicable Requirement of
      Law.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          73
        

        
          

        

      

      
        

        

      

    

    
      Section 10.4  Delegation of Rights and Duties.  The
      Administrative Agent may, upon any term or condition it specifies,
      delegate or exercise any of its rights, powers and remedies under, and
      delegate or perform any of its duties or any other action with respect
      to, any Loan Document by or through any trustee, co-agent, employee,
      attorney-in-fact and any other Person (including any Secured
      Party).  Any such Person shall benefit from this Article X
      to the extent provided by the Administrative Agent.  The Collateral
      Agent may, upon any term or condition it specifies, delegate or exercise
      any of its rights, powers and remedies under, and delegate or perform
      any of its duties or any other action with respect to, any Loan Document
      by or through any trustee, co-agent, employee, attorney-in-fact and any
      other Person (including any Secured Party).  Any such Person shall
      benefit from this Article X to the extent provided by the
      Collateral Agent.
    

    
      Section 10.5  Reliance and Liability.  (a)  The
      Administrative Agent may, without incurring any liability hereunder, (i)
      treat the payee of any Note as its holder until such Note has been
      assigned in accordance with Section 11.2(e), (ii) rely on
      the Register to the extent set forth in Section 2.14, (iii)
      consult with any of its Related Persons and, whether or not selected by
      it, any other advisors, accountants and other experts (including
      advisors to, and accountants and experts engaged by, any Loan Party) and
      (iv) rely and act upon any document and information (including those
      transmitted by Electronic Transmission) and any telephone message or
      conversation, in each case believed by it to be genuine and transmitted,
      signed or otherwise authenticated by the appropriate parties.
    

    
       (b)  None of the Administrative Agent and its Related Persons shall be
      liable for any action taken or omitted to be taken by any of them under
      or in connection with any Loan Document, and each Lender and the
      Borrower hereby waive and shall not assert (and the Borrower shall cause
      each other Loan Party to waive and agree not to assert) any right, claim
      or cause of action based thereon, except to the extent of liabilities
      resulting primarily from the gross negligence or willful misconduct of
      the Administrative Agent or, as the case may be, such Related Person
      (each as determined in a final, non-appealable judgment by a court of
      competent jurisdiction) in connection with the duties expressly set
      forth herein.  Without limiting the foregoing (except to the extent of
      liabilities resulting primarily from the gross negligence or willful
      misconduct of the Administrative Agent ), the Administrative Agent:
    

    
       (i)  shall not be responsible or otherwise incur liability for any
      action or omission taken in reliance upon the instructions of the
      Required Lenders or for the actions or omissions of any of its Related
      Persons selected with reasonable care (other than employees, officers
      and directors of the Administrative Agent, when acting on behalf of the
      Administrative Agent);
    

    
       (ii)  shall not be responsible to any Secured Party for the due
      execution, legality, validity, enforceability, effectiveness,
      genuineness, sufficiency or value of, or the attachment, perfection or
      priority of any Lien created or purported to be created under or in
      connection with, any Loan Document;
    

    
       (iii)  makes no warranty or representation, and shall not be
      responsible, to any Secured Party for any statement, document,
      information, representation or warranty made or furnished by or on
      behalf of any Related Person or any Loan Party in connection with any
      Loan Document or any transaction contemplated therein or any other
      document or information with respect to any Loan Party, whether or not
      transmitted or (except for documents expressly required under any Loan
      Document to be transmitted to the Lenders) omitted to be transmitted by
      the Administrative Agent, including as to completeness, accuracy, scope
      or adequacy thereof, or for the scope, nature or results of any due
      diligence performed by the Administrative Agent in connection with the
      Loan Documents; and
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          74
        

        
          

        

      

      
        

        

      

    

    
       (iv)  shall not have any duty to ascertain or to inquire as to the
      performance or observance of any provision of any Loan Document, whether
      any condition set forth in any Loan Document is satisfied or waived, as
      to the financial condition of any Loan Party or as to the existence or
      continuation or possible occurrence or continuation of any Default or
      Event of Default and shall not be deemed to have notice or knowledge of
      such occurrence or continuation unless it has received a notice from the
      Borrower or any Lender describing such Default or Event of Default
      clearly labeled “notice of default” (in which case the Administrative
      Agent shall promptly give notice of such receipt to all Lenders);
    

    
      and, for each of the items set forth in clauses (i) through (iv)
      above, each Lender and the Borrower hereby waives and agrees not to
      assert (and the Borrower shall cause each other Loan Party to waive and
      agree not to assert) any right, claim or cause of action it might have
      against the Administrative Agent based thereon.
    

    
      (c)  None of the Collateral Agent and its Related Persons shall be
      liable for any action taken or omitted to be taken by any of them under
      or in connection with any Loan Document, and each Lender and the
      Borrower hereby waive and shall not assert (and the Borrower shall cause
      each other Loan Party to waive and agree not to assert) any right, claim
      or cause of action based thereon, except to the extent of liabilities
      resulting primarily from the gross negligence or willful misconduct of
      the Collateral Agent or, as the case may be, such Related Person (each
      as determined in a final, non-appealable judgment by a court of
      competent jurisdiction) in connection with the duties expressly set
      forth herein.  Without limiting the foregoing (except to the extent of
      liabilities resulting primarily from the gross negligence or willful
      misconduct of the Collateral Agent), the Collateral Agent:
    

    
       (i)  shall not be responsible or otherwise incur liability for any
      action or omission taken in reliance upon the instructions of the
      Primary Administrative Agent or Required Lenders or for the actions or
      omissions of any of its Related Persons selected with reasonable care
      (other than employees, officers and directors of the Collateral Agent,
      when acting on behalf of the Collateral Agent);
    

    
       (ii)  shall not be responsible to any Secured Party for the due
      execution, legality, validity, enforceability, effectiveness,
      genuineness, sufficiency or value of, or the attachment, perfection or
      priority of any Lien created or purported to be created under or in
      connection with, any Loan Document;
    

    
       (iii)  makes no warranty or representation, and shall not be
      responsible, to any Secured Party for any statement, document,
      information, representation or warranty made or furnished by or on
      behalf of any Related Person or any Loan Party in connection with any
      Loan Document or any transaction contemplated therein or any other
      document or information with respect to any Loan Party, whether or not
      transmitted or (except for documents expressly required under any Loan
      Document to be transmitted to the Lenders) omitted to be transmitted by
      the Collateral Agent, including as to completeness, accuracy, scope or
      adequacy thereof, or for the scope, nature or results of any due
      diligence performed by the Collateral Agent in connection with the Loan
      Documents; and
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          75
        

        
          

        

      

      
        

        

      

    

    
       (iv)  shall not have any duty to ascertain or to inquire as to the
      performance or observance of any provision of any Loan Document, whether
      any condition set forth in any Loan Document is satisfied or waived, as
      to the financial condition of any Loan Party or as to the existence or
      continuation or possible occurrence or continuation of any Default or
      Event of Default and shall not be deemed to have notice or knowledge of
      such occurrence or continuation unless it has received a notice from the
      Borrower or any Lender describing such Default or Event of Default
      clearly labeled “notice of default” (and the Collateral Agent shall have
      no duties upon acquiring knowledge of a Default or Event of Default);
    

    
      and, for each of the items set forth in clauses (i) through (iv)
      above, each Lender and the Borrower hereby waives and agrees not to
      assert (and the Borrower shall cause each other Loan Party to waive and
      agree not to assert) any right, claim or cause of action it might have
      against the Collateral Agent based thereon.
    

    
      Section 10.6  The Administrative Agent and the Collateral
      Agent Individually.  Each of the Administrative Agent and the
      Collateral Agent and their respective Affiliates may make loans and
      other extensions of credit to, acquire Stock and Stock Equivalents of,
      engage in any kind of business with, any Loan Party or Affiliate thereof
      as though it were not acting as Administrative Agent or Collateral
      Agent, as the case may be, and may receive separate fees and other
      payments therefor.  To the extent the Administrative Agent or the
      Collateral Agent or any of their respective Affiliates makes any Term
      Loan or otherwise becomes a Lender hereunder, it shall have and may
      exercise the same rights and powers hereunder and shall be subject to
      the same obligations and liabilities as any other Lender and the terms
      “Lender”, “Required Lender”, and any similar terms shall, except where
      otherwise expressly provided in any Loan Document, include, without
      limitation, the Administrative Agent or Collateral Agent or such
      Affiliate, as the case may be, in its individual capacity as Lender or
      as one of the Required Lenders, respectively.
    

    
      Section 10.7  Lender Credit Decision.  Each Lender
      acknowledges that it shall, independently and without reliance upon the
      Administrative Agent, Collateral Agent any Lender or any of their
      Related Persons or upon any document (including the Disclosure
      Documents) solely or in part because such document was transmitted by
      the Administrative Agent, Collateral Agent or any of their respective
      Related Persons, conduct its own independent investigation of the
      financial condition and affairs of each Loan Party and make and continue
      to make its own credit decisions in connection with entering into, and
      taking or not taking any action under, any Loan Document or with respect
      to any transaction contemplated in any Loan Document, in each case based
      on such documents and information as it shall deem appropriate.  Except
      for documents expressly required by any Loan Document to be transmitted
      by the Administrative Agent or the Collateral Agent to the Lenders,
      neither the Administrative Agent nor the Collateral Agent shall have any
      duty or responsibility to provide any Lender with any credit or other
      information concerning the business, prospects, operations, property,
      financial and other condition or creditworthiness of any Loan Party or
      any Affiliate of any Loan Party that may come in to the possession of
      the Administrative Agent or the Collateral Agent or any of their
      respective Related Persons.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          76
        

        
          

        

      

      
        

        

      

    

    
      Section 10.8  Expenses; Indemnities.  (a)  Each Lender
      agrees to reimburse each of the Administrative Agent and the Collateral
      Agent and each of their respective Related Persons (to the extent not
      reimbursed by any Loan Party) promptly upon demand for such Lender’s Pro
      Rata Share of any costs and expenses (including fees, charges and
      disbursements of financial, legal and other advisors and Other Taxes
      paid in the name of, or on behalf of, any Loan Party) that may be
      incurred by the Administrative Agent, the Collateral Agent or any of
      their respective Related Persons in connection with the preparation,
      syndication, execution, delivery, administration, modification, consent,
      waiver or enforcement (whether through negotiations, through any
      work-out, bankruptcy, restructuring or other legal or other proceeding
      or otherwise) of, or legal advice in respect of its rights or
      responsibilities under, any Loan Document.
    

    
      (b)  Each Lender further agrees to indemnify each of the Administrative
      Agent and the Collateral Agent and each of their respective Related
      Persons (to the extent not reimbursed by any Loan Party), from and
      against such Lender’s aggregate Pro Rata Share of the Liabilities
      (including taxes, interests and penalties imposed for not properly
      withholding or backup withholding on payments made to on or for the
      account of any Lender) that may be imposed on, incurred by or asserted
      against the Administrative Agent, the Collateral Agent or any of their
      respective Related Persons in any matter relating to or arising out of,
      in connection with or as a result of any Loan Document, any Related
      Document or any other act, event or transaction related, contemplated in
      or attendant to any such document, or, in each case, any action taken or
      omitted to be taken by the Administrative Agent, the Collateral Agent or
      any of their respective Related Persons under or with respect to any of
      the foregoing; provided, however, that no Lender shall be
      liable to the Administrative Agent, the Collateral Agent or any of their
      respective Related Persons to the extent such liability has resulted
      primarily from the gross negligence or willful misconduct of the
      Administrative Agent, the Collateral Agent, such Related Person, as the
      case may be, as determined by a court of competent jurisdiction in a
      final non-appealable judgment or order.
    

    
      Section 10.9  Resignation of Administrative Agent.  (a)  The
      Administrative Agent may resign at any time and shall resign upon the
      written request of the Required Lenders in the event that an Event of
      Default is continuing, in each case by delivering notice of such
      resignation to the Lenders and the Borrower, effective on the date set
      forth in such notice (which date shall, in the case of a resignation
      upon request of the Required Lenders, be the date specified in such
      request, if any, provided that such date is no earlier than 5 days and
      no later than 30 days after the date such request is sent) or, if no
      such date is set forth therein, upon the date such notice shall be
      effective.  If the Administrative Agent delivers any such notice, the
      Required Lenders shall have the right to appoint a successor
      Administrative Agent.  If, within 30 days after the retiring
      Administrative Agent having given notice of resignation, no successor
      Administrative Agent has been appointed by the Required Lenders that has
      accepted such appointment, then the retiring Administrative Agent may,
      on behalf of the Lenders, appoint a successor Administrative Agent from
      among the Lenders.  Each appointment under this clause (a)
      shall be subject to the prior consent of the Borrower, which may not be
      unreasonably withheld but shall not be required during the continuance
      of a Default.
    

    
      (b)  Effective immediately upon its resignation, (i) the retiring
      Administrative Agent shall be discharged from its duties and obligations
      under the Loan Documents, (ii) the Lenders shall assume and perform all
      of the duties of the Administrative Agent until a successor
      Administrative Agent shall have accepted a valid appointment hereunder,
      (iii) the retiring Administrative Agent and its Related Persons shall no
      longer have the benefit of any provision of any Loan Document other than
      with respect to any actions taken or omitted to be taken while such
      retiring Administrative Agent was, or because such Administrative Agent
      had been, validly acting as Administrative Agent under the Loan
      Documents and (iv) subject to its rights under Section 10.3,
      the retiring Administrative Agent shall take such action as may be
      reasonably necessary to assign to the successor Administrative Agent its
      rights as Administrative Agent under the Loan Documents.  Effective
      immediately upon its acceptance of a valid appointment as Administrative
      Agent, a successor Administrative Agent shall succeed to, and become
      vested with, all the rights, powers, privileges and duties of the
      retiring Administrative Agent under the Loan Documents.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          77
        

        
          

        

      

      
        

        

      

    

    
      (c)  The Collateral Agent may resign at any time and shall resign upon
      the written request of the Primary Administrative Agent in the event
      that an Event of Default is continuing, in each case by delivering
      notice of such resignation to the Lenders and the Borrower, effective on
      the date set forth in such notice (which date shall, in the case of a
      resignation upon request of the Primary Administrative Agent, be the
      date specified in such request, provided that such date is no earlier
      than 5 days and no later than 20 Business Days after the date such
      request is sent, and otherwise shall be a date specified by the
      Collateral Agent, which date shall be no earlier than 15 Business Days
      and no later than 60 days after the delivery of such notice by the
      Collateral Agent (or, with the written consent of the Primary
      Administrative Agent, such earlier date as shall permit the entry into
      and filing of all agreements, instruments and documents as may be
      necessary to maintain the perfection of the Liens of the Secured Parties
      granted pursuant to the Loan Documents, in each case prior to the
      effectiveness of the resignation)).  If the Collateral Agent delivers
      any such notice, the Primary Administrative Agent shall have the right
      to appoint a successor Collateral Agent (which may be the Primary
      Administrative Agent and shall be the Primary Administrative Agent if no
      successor otherwise appointed by the Primary Administrative Agent shall
      have accepted such appointment within 15 or 20 Business Days, as
      applicable, of such notice by the retiring Collateral Agent).
    

    
      (d)  Effective immediately upon its resignation, (i) the retiring
      Collateral Agent shall be discharged from its duties and obligations
      under the Loan Documents, (ii) the Primary Administrative Agent shall
      assume and perform all of the duties of the Collateral Agent until a
      successor Collateral Agent shall have accepted a valid appointment
      hereunder, (iii) the retiring Collateral Agent and its Related Persons
      shall no longer have the benefit of any provision of any Loan Document
      other than with respect to any actions taken or omitted to be taken
      while such retiring Collateral Agent was, or because such Collateral
      Agent had been, validly acting as Collataral Agent under the Loan
      Documents and (iv) subject to its rights under Section 10.1(d) and
      Section 10.3, the retiring Collateral Agent shall take such action
      as may be reasonably necessary to assign to the successor Collateral
      Agent its rights as Collateral Agent under the Loan
      Documents.  Effective immediately upon its acceptance of a valid
      appointment as Collateral Agent, a successor Collateral Agent shall
      succeed to, and become vested with, all the rights, powers, privileges
      and duties of the retiring Collateral Agent under the Loan Documents.
    

    
      Section 10.10  Release of Collateral or Guarantors.  Each
      Lender hereby consents to the release and hereby directs the
      Administrative Agent to release, or to direct the Collateral Agent to
      release (or, in the case of clause (b)(ii) below, release or
      subordinate) the following:
    

    
      (a)  any Subsidiary of the Borrower from its guaranty of any Obligation
      of any Loan Party if all of the Securities of such Subsidiary owned by
      any Group Member are Sold in a Sale permitted under the Loan Documents
      (including pursuant to a waiver or consent), to the extent that, after
      giving effect to such Sale, such Subsidiary would not be required to
      guaranty any Obligations pursuant to Section 7.10; and
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          78
        

        
          

        

      

      
        

        

      

    

    
       (b)  any Lien held by the Administrative Agent and Collateral Agent for
      the benefit of the Secured Parties against (i) any Collateral that is
      Sold by a Loan Party in a Sale permitted by the Loan Documents
      (including pursuant to a valid waiver or consent), to the extent all
      Liens required to be granted in such Collateral pursuant to Section
      7.10 after giving effect to such Sale have been granted, (ii) any
      property subject to a Lien permitted hereunder in reliance upon Section
      8.2(d) or (e) and (iii) all of the Collateral and all Loan
      Parties, upon (A) termination of the Commitments, (B) payment and
      satisfaction in full of all Loans, all L/C Reimbursement Obligations and
      all other Obligations (other than contingent indemnification Obligations
      not relating to Letters of Credit and as to which no underlying claim
      has arisen or been asserted) that the Administrative Agent has
      been notified in writing are then due and payable by the holder of such
      Obligation, (C) deposit of cash collateral with respect to all
      contingent Obligations (or, in the case of any L/C Obligation, deposit
      of funds in the applicable L/C Cash Collateral Account equal to at least
      105% of such L/C Obligation, or to the extent acceptable to the L/C
      Issuers, the issuance of back-to back letters of credit issued by
      issuers and in form and substance satisfactory in all respects to the
      applicable L/C Issuer and the Administrative Agent and in an amount
      equal to 105% of each outstanding Letter of Credit), in amounts and on
      terms and conditions and with parties reasonably satisfactory to
      the Administrative Agent.
    

    
      Each Lender hereby directs the Administrative Agent, and the
      Administrative Agent hereby agrees (or, in the case of release of
      Collateral, agrees to direct the Collateral Agent, and subject to Section
      10.1(b) and Section 10.2, the Collateral Agent agrees to),
      upon receipt of reasonable advance notice from the Borrower, to execute
      and deliver or file such documents and to perform other actions
      reasonably necessary to release the guaranties and Liens when and as
      directed in this Section 10.10.
    

    
      Section 10.11  Additional Secured Parties.  The benefit
      of the provisions of the Loan Documents directly relating to the
      Collateral or any Lien granted thereunder shall extend to and be
      available to any Secured Party that is not a Lender as long as, by
      accepting such benefits, such Secured Party agrees, as among the
      Administrative Agent and the Collateral Agent, on the one hand, and all
      other Secured Parties, on the other hand, that such Secured Party is
      bound by (and, if requested by the Administrative Agent or the
      Collateral Agent, shall confirm such agreement in a writing in form and
      substance acceptable to the Administrative Agent) this Article X, Section
      11.8 (Right of Setoff), Section 11.9 (Sharing of
      Payments) and Section 11.20 (Confidentiality) and the
      decisions and actions of the Administrative Agent, the Collateral Agent
      and the Required Lenders (or, where expressly required by the terms of
      this Agreement, a greater proportion of the Lenders) to the same extent
      a Lender is bound; provided, however, that,
      notwithstanding the foregoing, (a) such Secured Party shall be bound by Section
      10.8 only to the extent of Liabilities, costs and expenses with
      respect to or otherwise relating to the Collateral held for the benefit
      of such Secured Party, in which case the obligations of such Secured
      Party thereunder shall not be limited by any concept of Pro Rata Share
      or similar concept, (b) except as set forth specifically herein, each of
      the Administrative Agent, the Collateral Agent the Lenders shall be
      entitled to act at its sole discretion, without regard to the interest
      of such Secured Party, regardless of whether any Obligation to such
      Secured Party thereafter remains outstanding, is deprived of the benefit
      of the Collateral, becomes unsecured or is otherwise affected or put in
      jeopardy thereby, and without any duty or liability to such Secured
      Party or any such Obligation and (c) except as set forth specifically
      herein, such Secured Party shall not have any right to be notified of,
      consent to, direct, require or be heard with respect to, any action
      taken or omitted in respect of the Collateral or under any Loan Document.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          79
        

        
          

        

      

      
        

        

      

    

    
      ARTICLE 11  
MISCELLANEOUS
    

    
      Section 11.1  Amendments, Waivers, Etc.  (a)  No
      amendment or waiver of any provision of any Loan Document (other than
      the Fee Letter, the Control Agreements and the Secured Hedging
      Agreements) and no consent to any departure by any Loan Party therefrom
      shall be effective unless the same shall be in writing and signed (1) in
      the case of an amendment, consent or waiver to cure any ambiguity,
      omission, defect or inconsistency or granting a new Lien for the benefit
      of the Secured Parties or extending an existing Lien over additional
      property, by the Administrative Agent and the Borrower, (2) in the case
      of any other waiver or consent, by the Required Lenders (or by the
      Administrative Agent with the consent of the Required Lenders) and (3)
      in the case of any other amendment, by the Required Lenders (or by the
      Administrative Agent with the consent of the Required Lenders) and the
      Borrower; provided, however, that no amendment, consent or
      waiver described in clause (2) or (3) above shall,
      unless in writing and signed by each Lender directly affected thereby
      (or by the Administrative Agent with the consent of such Lender), in
      addition to any other Person the signature of which is otherwise
      required pursuant to any Loan Document, do any of the following:
    

    
       (i)  waive any condition specified in Section 3.1,
      except any condition referring to any other provision of any Loan
      Document;
    

    
      (ii)  increase the Commitment of such Lender or subject such Lender to
      any additional obligation; provided, that increases in the aggregate
      amount of the Commitments shall only require the consent of the Required
      Lenders and each Lender providing such increase in the Commitments;
    

    
       (iii)  reduce (including through release, forgiveness, assignment or
      otherwise) (A) the principal amount of, the interest rate on, or any
      obligation of the Borrower to repay (whether or not on a fixed date),
      any outstanding Term Loan owing to such Lender or (B) any fee or accrued
      interest payable to such Lender; provided, however, that
      this clause (iii) does not apply to any change to any provision
      increasing any interest rate or fee during the continuance of an Event
      of Default or to any payment of any such increase;
    

    
       (iv)  waive or postpone any scheduled maturity date or other scheduled
      date fixed for the payment, in whole or in part, of principal of or
      interest on any Term Loan or fee owing to such Lender or for the
      reduction of such Lender’s Commitment; provided, however,
      that this clause (iv) does not apply to any change to mandatory
      prepayments, including those required under Section 2.8, or
      to the application of any payment, including as set forth in Section 2.12
      or change to a lesser percentage or number of Lenders any requirement
      that the Lenders approve any document or documents, event or
      circumstance or change to a lesser percentage or number of Lenders any
      requirement that the Lenders approve any document or document, event or
      circumstance;
    

    
       (v)  except as provided in Section 10.10,
      release all or substantially all of the Collateral or any Guarantor from
      its guaranty of any Obligation of the Borrower;
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          80
        

        
          

        

      

      
        

        

      

    

    
       (vi)  reduce or increase the proportion of Lenders required for the
      Lenders (or any subset thereof) to take any action hereunder or change
      the definition of the terms “Required Lenders”, “Pro Rata Share” or “Pro
      Rata Outstandings”; or
    

    
      (vii)  amend Section 10.10 (Release of
      Collateral or Guarantor), Section 11.9 (Sharing of
      Payments) or this Section 11.1;
    

    
      and provided, further, that (x) no amendment, waiver or
      consent shall affect the rights or duties under any Loan Document of, or
      any payment to, the Administrative Agent or the Collateral Agent (or
      otherwise modify any provision of Article X or the
      application thereof), any SPV that has been granted an option pursuant
      to Section 11.2(f) unless in writing and signed by the
      Administrative Agent and by the Collateral Agent or, as the case may be,
      such SPV in addition to any signature otherwise required and (y) the
      consent of the Borrower shall not be required to change any order of
      priority set forth in Section 2.12.  No amendment,
      modification or waiver of this Agreement or any Loan Document altering
      the ratable treatment of Obligations arising under Secured Hedging
      Agreement resulting in such Obligations being junior in right of payment
      to principal of the Term Loans or resulting in Obligations owing to any
      Secured Hedging Counterparty being unsecured (other than releases of
      Liens in accordance with the terms hereof), in each case in a manner
      adverse to any Secured Hedging Counterparty, shall be effective without
      the written consent of such Secured Hedging Counterparty or, in the case
      of a Secured Hedging Agreement provided or arranged by the
      Administrative Agent or an Affiliate thereof, the Administrative Agent.
    

    
      (b)  Each waiver or consent under any Loan Document shall be effective
      only in the specific instance and for the specific purpose for which it
      was given.  No notice to or demand on any Loan Party shall entitle any
      Loan Party to any notice or demand in the same, similar or other
      circumstances.  No failure on the part of any Secured Party to exercise,
      and no delay in exercising, any right hereunder shall operate as a
      waiver thereof, nor shall any single or partial exercise of any such
      right preclude any other or further exercise thereof or the exercise of
      any other right.
    

    
      Section 11.2  Assignments and Participations; Binding Effect.  (a)  Binding
      Effect.  This Agreement shall become effective when it shall have
      been executed by the Borrower and the Administrative Agent and when the
      Administrative Agent shall have been notified by each Lender that such
      Lender has executed it.  Thereafter, it shall be binding upon and inure
      to the benefit of, but only to the benefit of, the Borrower (in each
      case except for Article X), the Administrative Agent, the
      Collateral Agent, each Lender and, to the extent provided in Section 10.11,
      each other Indemnitee and Secured Party and, in each case, their
      respective successors and permitted assigns.  Except as expressly
      provided in any Loan Document (including in Section 10.9),
      none of the Borrower, the Collateral Agent or the Administrative Agent
      shall have the right to assign any rights or obligations hereunder or
      any interest herein.
    

    
      (b)  Right to Assign.  Each Lender may sell, transfer,
      negotiate or assign all or a portion of its rights and obligations
      hereunder (including all or a portion of its Commitments and its rights
      and obligations with respect to the Term Loans) to (i) any existing
      Lender, (ii) any Affiliate or Approved Fund of any existing Lender or
      (iii) any other Person acceptable (which acceptance shall not be
      unreasonably withheld or delayed) to the Administrative Agent and, as
      long as no Event of Default is continuing, the Borrower; provided,
      however, that (x) such Sales must be ratable among the
      obligations owing to and owed by such Lender with respect to the Term
      Loan Facility and (y) the aggregate outstanding principal amount
      (determined as of the effective date of the applicable Assignment) of
      the Term Loans and Commitments subject to any such Sale shall be in a
      minimum amount of $1,000,000, unless such Sale is made to an existing
      Lender or an Affiliate or Approved Fund of any existing Lender, is of
      the assignor’s (together with its Affiliates and Approved Funds) entire
      interest in the Term Loan Facility or is made with the prior consent of
      the Borrower and the Administrative Agent.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          81
        

        
          

        

      

      
        

        

      

    

    
      (c)  Procedure.  The parties to each Sale made in
      reliance on clause (b) above (other than those described in clause
      (e) or (f) below) shall execute and deliver to the
      Administrative Agent an Assignment via an electronic settlement system
      designated by the Administrative Agent (or if previously agreed with the
      Administrative Agent, via a manual execution and delivery of the
      assignment) evidencing such Sale, together with any existing Note
      subject to such Sale (or any affidavit of loss therefor acceptable to
      the Administrative Agent), any tax forms required to be delivered
      pursuant to Section 2.17(f) and payment of an assignment fee
      in the amount of $3,500, provided that (1) if a Sale by a Lender
      is made to an Affiliate or an Approved Fund of such assigning Lender,
      then no assignment fee shall be due in connection with such Sale, and
      (2) if a Sale by a Lender is made to an assignee that is not an
      Affiliate or Approved Fund of such assignor Lender, and concurrently to
      one or more Affiliates or Approved Funds of such assignee, then only one
      assignment fee of $3,500 shall be due in connection with such
      Sale.  Upon receipt of all the foregoing, and conditioned upon such
      receipt and, if such assignment is made in accordance with Section
      11.2(b)(iii), upon the Administrative Agent (and the Borrower, if
      applicable) consenting to such Assignment, from and after the effective
      date specified in such Assignment, the Administrative Agent shall record
      or cause to be recorded in the Register the information contained in
      such Assignment.
    

    
      (d)  Effectiveness.  Subject to the recording of an
      Assignment by the Administrative Agent in the Register pursuant to
      Section 2.14(b), (i) the assignee thereunder shall become a party hereto
      and, to the extent that rights and obligations under the Loan Documents
      have been assigned to such assignee pursuant to such Assignment, shall
      have the rights and obligations of a Lender, (ii) any applicable Note
      shall be transferred to such assignee through such entry and (iii) the
      assignor thereunder shall, to the extent that rights and obligations
      under this Agreement have been assigned by it pursuant to such
      Assignment, relinquish its rights (except for those surviving the
      termination of the Commitments and the payment in full of the
      Obligations) and be released from its obligations under the Loan
      Documents, other than those relating to events or circumstances
      occurring prior to such assignment (and, in the case of an Assignment
      covering all or the remaining portion of an assigning Lender’s rights
      and obligations under the Loan Documents, such Lender shall cease to be
      a party hereto except that each Lender agrees to remain bound by Article X,
      Section 11.8 (Right of Setoff) and Section 11.9
      (Sharing of Payments) to the extent provided in Section 10.11
      (Additional Secured Parties)).
    

    
      (e)  Grant of Security Interests.  In addition to the
      other rights provided in this Section 11.2, each Lender may
      grant a security interest in, or otherwise assign as collateral, any of
      its rights under this Agreement, whether now owned or hereafter acquired
      (including rights to payments of principal or interest on the Term
      Loans), to (A) any federal reserve bank (pursuant to Regulation A of the
      Federal Reserve Board), without notice to the Administrative Agent or
      (B) any holder of, or trustee for the benefit of the holders of, such
      Lender’s Securities by notice to the Administrative Agent; provided,
      however, that no such holder or trustee, whether because of such
      grant or assignment or any foreclosure thereon (unless such foreclosure
      is made through an assignment in accordance with clause (b)
      above), shall be entitled to any rights of such Lender hereunder and no
      such Lender shall be relieved of any of its obligations hereunder.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          82
        

        
          

        

      

      
        

        

      

    

    
      (f)  Participants and SPVs.  In addition to the other
      rights provided in this Section 11.2, each Lender may, (x)
      with notice to the Administrative Agent, grant to an SPV the option to
      make all or any part of any Term Loan that such Lender would otherwise
      be required to make hereunder (and the exercise of such option by such
      SPV and the making of Term Loans pursuant thereto shall satisfy the
      obligation of such Lender to make such Term Loans hereunder) and such
      SPV may assign to such Lender the right to receive payment with respect
      to any Obligation and (y) without notice to or consent from the
      Administrative Agent or the Borrower, sell participations to one or more
      Persons in or to all or a portion of its rights and obligations under
      the Loan Documents (including all its rights and obligations with
      respect to the Term Loans); provided, however, that,
      whether as a result of any term of any Loan Document or of such grant or
      participation, (i) no such SPV or participant shall have a commitment,
      or be deemed to have made an offer to commit, to make Term Loans
      hereunder, and, except as provided in the applicable option agreement,
      none shall be liable for any obligation of such Lender hereunder, (ii)
      such Lender’s rights and obligations, and the rights and obligations of
      the Loan Parties and the Secured Parties towards such Lender, under any
      Loan Document shall remain unchanged and each other party hereto shall
      continue to deal solely with such Lender, which shall remain the holder
      of the Obligations in the Register, except that (A) each such
      participant and SPV shall be entitled to the benefit of Sections 2.16
      (Breakage Costs; Increased Costs; Capital Requirements) and 2.17
      (Taxes), but only to the extent such participant or SPV delivers
      the tax forms such Lender is required to collect pursuant to Section 2.17(f)
      and then only to the extent of any amount to which such Lender would be
      entitled in the absence of any such grant or participation and (B) each
      such SPV may receive other payments that would otherwise be made to such
      Lender with respect to Term Loans funded by such SPV to the extent
      provided in the applicable option agreement and set forth in a notice
      provided to the Administrative Agent by such SPV and such Lender, provided,
      however, that in no case (including pursuant to clause (A)
      or (B) above) shall an SPV or participant have the right to
      enforce any of the terms of any Loan Document, and (iii) the consent of
      such SPV or participant shall not be required (either directly, as a
      restraint on such Lender’s ability to consent hereunder or otherwise)
      for any amendments, waivers or consents with respect to any Loan
      Document or to exercise or refrain from exercising any powers or rights
      such Lender may have under or in respect of the Loan Documents
      (including the right to enforce or direct enforcement of the
      Obligations), except for those described in clauses (iii)
      and (iv) of Section 11.1(a) with respect to amounts,
      or dates fixed for payment of amounts, to which such participant or SPV
      would otherwise be entitled and, in the case of participants, except for
      those described in Section 11.1(a)(v) (or amendments,
      consents and waivers with respect to Section 10.10 to
      release all or substantially all of the Collateral).  No party hereto
      shall institute (and each of the Borrower shall cause each other Loan
      Party not to institute) against any SPV grantee of an option pursuant to
      this clause (f) any bankruptcy, reorganization, insolvency,
      liquidation or similar proceeding, prior to the date that is one year
      and one day after the payment in full of all outstanding commercial
      paper of such SPV; provided, however, that each Lender
      having designated an SPV as such agrees to indemnify each Indemnitee
      against any Liability that may be incurred by, or asserted against, such
      Indemnitee as a result of failing to institute such proceeding
      (including a failure to get reimbursed by such SPV for any such
      Liability).  The agreement in the preceding sentence shall survive the
      termination of the Commitments and the payment in full of the
      Obligations.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          83
        

        
          

        

      

      
        

        

      

    

    
      Section 11.3  Costs and Expenses.  Any action taken by
      any Loan Party under or with respect to any Loan Document, even if
      required under any Loan Document or at the request of any Secured Party,
      shall be at the expense of such Loan Party, and no Secured Party shall
      be required under any Loan Document to reimburse any Loan Party or Group
      Member therefor except as expressly provided therein.  In addition, the
      Borrower agrees to pay or reimburse upon demand (a) each of the Primary
      Administrative Agent and the Collateral Agent for all reasonable
      out-of-pocket costs and expenses incurred by it or any of its Related
      Persons in connection with the investigation, development, preparation,
      negotiation, syndication, execution, interpretation or administration
      of, any modification of any term of or termination of, any Loan
      Document, any commitment or proposal letter therefor, any other document
      prepared in connection therewith or the consummation and administration
      of any transaction contemplated therein (including periodic audits and
      appraisals in connection therewith and environmental audits and
      assessments), in each case including the reasonable fees, charges and
      disbursements of respective legal counsel to the Primary Administrative
      Agent, the Collateral Agent or such Related Persons, reasonable fees,
      costs and expenses incurred in connection with Intralinks®
      or any other E-System and reasonable fees, charges and disbursements of
      the auditors, appraisers, printers and other of their Related Persons
      retained by or on behalf of any of them or any of their Related Persons,
      (b) each of the Primary Administrative Agent and the Collateral Agent
      for all reasonable costs and expenses incurred by it or any of its
      Related Persons in connection with internal audit reviews, field
      examinations and Collateral examinations (which shall be reimbursed, in
      addition to the reasonable out-of-pocket costs and expenses of such
      examiners, at the per diem rate per individual charged by the Primary
      Administrative Agent or the Collateral Agent for its examiners) and (c)
      each of the Primary Administrative Agent and the Collateral Agent, their
      respective Related Persons, and each Lender and L/C Issuer for all costs
      and expenses incurred in connection with (i) any refinancing or
      restructuring of the credit arrangements provided hereunder in the
      nature of a “work-out”, (ii) the enforcement or preservation of any
      right or remedy under any Loan Document, any Obligation, with respect to
      the Collateral or any other related right or remedy or (iii) the
      commencement, defense, conduct of, intervention in, or the taking of any
      other action with respect to, any proceeding (including any bankruptcy
      or insolvency proceeding) related to any Group Member, Loan Document,
      Obligation or Related Transaction (or the response to and preparation
      for any subpoena or request for document production relating thereto),
      including fees and disbursements of (x) one legal counsel to the
      Administrative Agent (or, if GE Capital shall no longer be the
      Administrative Agent, one legal counsel to GE Capital) and (y) one legal
      counsel to, collectively, the Lenders other than GE Capital, which shall
      be selected by such Lenders (or, upon written notice from any such
      Lender to the Borrower that such Lenders do not wish to be represented
      by the same legal counsel, 50% of the fees and disbursements of one
      legal counsel to each such other Lender individually, to be selected in
      each case by each such other Lender, provided that no such Lender may
      select Gibson, Dunn & Crutcher LLP as its legal counsel in such event,
      and Gibson, Dunn & Crutcher LLP shall resign as counsel to such other
      Lenders upon joint written request of such other Lenders and payment of
      all accrued fees and disbursements of Gibson, Dunn & Crutcher LLP
      through such date of resignation), and one financial advisor to the
      Lenders.
    

    
      Section 11.4  Indemnities.  (a)  The Borrower agrees to
      indemnify, hold harmless and defend the Primary Administrative Agent,
      the Collateral Agent, each Lender, each Secured Hedging Counterparty,
      and each of their respective Related Persons (each such Person being an “Indemnitee”)
      from and against all Liabilities (including brokerage commissions, fees
      and other compensation) that may be imposed on, incurred by or asserted
      against any such Indemnitee in any matter relating to or arising out of,
      in connection with or as a result of (i) any Loan Document, any Related
      Document, any Disclosure Document, any Obligation (or the repayment
      thereof), the use or intended use of the proceeds of any Loan, any
      Related Transaction, or any securities filing of, or with respect to,
      any Group Member, (ii) any commitment letter, proposal letter or term
      sheet with any Person or any Contractual Obligation, arrangement or
      understanding with any broker, finder or consultant, in each case
      entered into by or on behalf of any Group Member or any Affiliate of any
      of them in connection with any of the foregoing and any Contractual
      Obligation entered into in connection with any E-Systems or other
      Electronic Transmissions, (iii) any actual or prospective investigation,
      litigation or other proceeding, whether or not brought by any such
      Indemnitee or any of its Related Persons, any holders of Securities or
      creditors (and including attorneys’ fees in any case), whether or not
      any such Indemnitee, Related Person, holder or creditor is a party
      thereto, and whether or not based on any securities or commercial law or
      regulation or any other Requirement of Law or theory thereof, including
      common law, equity, contract, tort or otherwise, or (iv) any other act,
      event or transaction related, contemplated in or attendant to any of the
      foregoing (collectively, the “Indemnified Matters”); provided,
      however, that the Borrower shall not have any liability under
      this Section 11.4 to any Indemnitee with respect to any
      Indemnified Matter, and no Indemnitee shall have any liability with
      respect to any Indemnified Matter other than (to the extent otherwise
      liable), to the extent such liability has resulted primarily from the
      gross negligence, bad faith or willful misconduct of such Indemnitee, as
      determined by a court of competent jurisdiction in a final
      non-appealable judgment or order.  Furthermore, the Borrower waives and
      agrees not to assert against any Indemnitee, and shall cause each other
      Loan Party to waive and not assert against any Indemnitee, any right of
      contribution with respect to any Liabilities that may be imposed on,
      incurred by or asserted against any Related Person.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          84
        

        
          

        

      

      
        

        

      

    

    
       (b)  Without limiting the foregoing, “Indemnified
      Matters” includes all Environmental Liabilities, including those
      arising from, or otherwise involving, any property of any Related Person
      or any actual, alleged or prospective damage to property or natural
      resources or harm or injury alleged to have resulted from any Release of
      Hazardous Materials on, upon or into such property or natural resource
      or any property on or, to the extent caused or alleged to have been
      caused by any Related Person, contiguous to any real property of any
      Related Person, whether or not, with respect to any such Environmental
      Liabilities, any Indemnitee is a mortgagee pursuant to any leasehold
      mortgage, a mortgagee in possession, the successor-in-interest to any
      Related Person or the owner, lessee or operator of any property of any
      Related Person through any foreclosure action, in each case except to
      the extent such Environmental Liabilities (i) are incurred solely
      following foreclosure by any Secured Party or following any Secured
      Party having become the successor-in-interest to any Loan Party and
      (ii) are attributable solely to acts of such Indemnitee.
    

    
      Section 11.5  Survival.  Any indemnification or other
      protection provided to any Indemnitee pursuant to any Loan Document
      (including pursuant to Section 2.17 (Taxes), Section 2.16
      (Breakage Costs; Increased Costs; Capital Requirements), Article X
      (The Administrative Agent), Section 11.3 (Costs
      and Expenses), Section 11.4 (Indemnities) or this Section 11.5)
      and all representations and warranties made in any Loan Document shall
      (A) survive the termination of the Commitments and the payment in full
      of other Obligations and (B) inure to the benefit of any Person that at
      any time held a right thereunder (as an Indemnitee or otherwise) and,
      thereafter, its successors and permitted assigns.
    

    
      Section 11.6  Limitation of Liability for Certain Damages.  In
      no event shall any Indemnitee be liable on any theory of liability for
      any special, indirect, consequential or punitive damages (including any
      loss of profits, business or anticipated savings).  The Borrower hereby
      waives, releases and agrees (and shall cause each other Loan Party to
      waive, release and agree) not to sue upon any such claim for any
      special, indirect, consequential or punitive damages, whether or not
      accrued and whether or not known or suspected to exist in its favor.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          85
        

        
          

        

      

      
        

        

      

    

    
      Section 11.7  Lender-Debtor Relationship.  The
      relationship between the Lenders, the Collateral Agent and the
      Administrative Agent, on the one hand, and the Loan Parties, on the
      other hand, is solely that of lender and debtor.  No Secured Party has
      any fiduciary relationship or duty to any Loan Party arising out of or
      in connection with, and there is no agency, tenancy or joint venture
      relationship between the Secured Parties and the Loan Parties by virtue
      of, any Loan Document or any transaction contemplated therein.
    

    
      Section 11.8  Right of Setoff.  Each of the
      Administrative Agent, the Collateral Agent, each Lender and each
      Affiliate (including each branch office thereof) of any of them is
      hereby authorized, without notice or demand (each of which is hereby
      waived by the Borrower), at any time and from time to time during the
      continuance of any Event of Default and to the fullest extent permitted
      by applicable Requirements of Law, to set off and apply any and all
      deposits (whether general or special, time or demand, provisional or
      final) at any time held and other Indebtedness, claims or other
      obligations at any time owing by the Administrative Agent, the
      Collateral Agent, such Lender or any of their respective Affiliates to
      or for the credit or the account of the Borrower against any Obligation
      of any Loan Party now or hereafter existing, whether or not any demand
      was made under any Loan Document with respect to such Obligation and
      even though such Obligation may be unmatured.  Each of the
      Administrative Agent, the Collateral Agent and each Lender agrees
      promptly to notify the Borrower and the Administrative Agent after any
      such setoff and application made by such Lender or its Affiliates; provided,
      however, that the failure to give such notice shall not affect
      the validity of such setoff and application.  The rights under this Section 11.8
      are in addition to any other rights and remedies (including other rights
      of setoff) that the Administrative Agent, the Collateral Agent, the
      Lenders and their Affiliates and other Secured Parties may have.
    

    
      Section 11.9  Sharing of Payments, Etc.  If any Lender,
      directly or through an Affiliate or branch office thereof, obtains any
      payment of any Obligation of any Loan Party (whether voluntary,
      involuntary or through the exercise of any right of setoff or the
      receipt of any Collateral or “proceeds” (as defined under
      the applicable UCC) of Collateral) other than pursuant to Sections 2.16
      (Breakage Costs; Increased Costs; Capital Requirements), 2.17
      (Taxes) and 2.18 (Substitution of Lenders) and such
      payment exceeds the amount such Lender would have been entitled to
      receive if all payments had gone to, and been distributed by, the
      Administrative Agent in accordance with the provisions of the Loan
      Documents, such Lender shall purchase for cash from other Secured
      Parties such participations in their Obligations as necessary for such
      Lender to share such excess payment with such Secured Parties to ensure
      such payment is applied as though it had been received by the
      Administrative Agent and applied in accordance with this Agreement (or,
      if such application would then be at the discretion of the Borrower,
      applied to repay the Obligations in accordance herewith); provided,
      however, that (a) if such payment is rescinded or otherwise
      recovered from such Lender in whole or in part, such purchase shall be
      rescinded and the purchase price therefor shall be returned to such
      Lender without interest and (b) such Lender shall, to the fullest extent
      permitted by applicable Requirements of Law, be able to exercise all its
      rights of payment (including the right of setoff) with respect to such
      participation as fully as if such Lender were the direct creditor of the
      Borrower in the amount of such participation.
    

    
      Section 11.10  Marshaling; Payments Set Aside.  No
      Secured Party shall be under any obligation to marshal any property in
      favor of any Loan Party or any other party or against or in payment of
      any Obligation.  To the extent that any Secured Party receives a payment
      from the Borrower, from the proceeds of the Collateral, from the
      exercise of its rights of setoff, any enforcement action or otherwise,
      and such payment is subsequently, in whole or in part, invalidated,
      declared to be fraudulent or preferential, set aside or required to be
      repaid to a trustee, receiver or any other party, then to the extent of
      such recovery, the obligation or part thereof originally intended to be
      satisfied, and all Liens, rights and remedies therefor, shall be revived
      and continued in full force and effect as if such payment had not
      occurred.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          86
        

        
          

        

      

      
        

        

      

    

    
      Section 11.11  Notices.  (a)  Addresses.  All
      notices, demands, requests, directions and other communications required
      or expressly authorized to be made by this Agreement shall, whether or
      not specified to be in writing but unless otherwise expressly specified
      to be given by any other means, be given in writing and (i) addressed to
      (A) if to the Borrower, to 7777 Washington Village Drive, Suite 130,
      Dayton, Ohio 45459, Attention:  Edward J. Puisis, Fax:  (937) 428-9115,
      with copy to Latham & Watkins, 885 Third Avenue, Suite 1000, New York,
      New York 10022, Attention:  Kirk Davenport, Fax:  (212) 751-4864, (B) if
      to the Administrative Agent, to Silver Point Finance, LLC, 2 Greenwich
      Plaza, Greenwich, Connecticut 06830, Attention: Shawn Creedon,
      Fax:  (203) 542-4356, with a copy to Gibson, Dunn & Crutcher LLP, 200
      Park Avenue, New York, New York 10166, Attention: Robert L. Cunningham,
      Fax:  (212) 351-5208, (C) if to the Collateral Agent, to General
      Electric Capital Corporation, 299 Park Avenue, New York, New York 10171,
      CFN 8845, Attention: Anna Brescia, Fax:  (513) 985-8694, with copy to
      King & Spalding LLP, 1185 Avenue of the Americas, New York, New York
      10036, Attention: Robert S. Finley, Fax: (212) 556-2222 and (D)
      otherwise to the party to be notified at its address specified on the
      signature page of any applicable Assignment, (ii) posted to Intralinks®
      (to the extent such system is available and set up by or at the
      direction of the Administrative Agent prior to posting) in an
      appropriate location by uploading such notice, demand, request,
      direction or other communication to www.intralinks.com, faxing it to
      866-545-6600 with an appropriate bar-coded fax coversheet or using such
      other means of posting to Intralinks® as may be
      available and reasonably acceptable to the Administrative Agent prior to
      such posting, (iii) posted to any other E-System set up by or at the
      direction of the Administrative Agent in an appropriate location or (iv)
      addressed to such other address as shall be notified in writing (A) in
      the case of the Borrower and the Administrative Agent, to the other
      parties hereto and (B) in the case of all other parties, to the Borrower
      and the Administrative Agent.  Transmission by electronic mail
      (including E-Fax, even if transmitted to the fax numbers set forth in clause
      (i) above) shall not be sufficient or effective to transmit any such
      notice under this clause (a) unless such transmission is an
      available means to post to any E-System.
    

    
      (b)  Effectiveness.  All communications described in clause
      (a) above and all other notices, demands, requests and other
      communications made in connection with this Agreement shall be effective
      and be deemed to have been received (i) if delivered by hand, upon
      personal delivery, (ii) if delivered by overnight courier service, one
      Business Day after delivery to such courier service, (iii) if delivered
      by mail, when deposited in the mails, (iv) if delivered by facsimile
      (other than to post to an E-System pursuant to clause (a)(ii) or (a)(iii)
      above), upon sender’s receipt of confirmation of proper transmission,
      and (v) if delivered by posting to any E-System, on the later of the
      date of such posting in an appropriate location and the date access to
      such posting is given to the recipient thereof in accordance with the
      standard procedures applicable to such E-System; provided, however,
      that no communications to the Administrative Agent pursuant to Article II
      or Article X shall be effective until received by the
      Administrative Agent.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          87
        

        
          

        

      

      
        

        

      

    

    
      Section 11.12  Electronic Transmissions.  (a)  Authorization.  Subject
      to the provisions of Section 11.11(a), each of the
      Administrative Agent, the Borrower, the Lenders, the L/C Issuers and
      each of their Related Persons is authorized (but not required) to
      transmit, post or otherwise make or communicate, in its sole discretion,
      Electronic Transmissions in connection with any Loan Document and the
      transactions contemplated therein.  Each of the Borrower and each other
      Group Member and each Secured Party hereby acknowledges and agrees that
      the use of Electronic Transmissions is not necessarily secure and that
      there are risks associated with such use, including risks of
      interception, disclosure and abuse and each indicates it assumes and
      accepts such risks by hereby authorizing the transmission of Electronic
      Transmissions.
    

    
      (b)  Signatures.  Subject to the provisions of Section 11.11(a),
      (i)(A) no posting to any E-System shall be denied legal effect merely
      because it is made electronically, (B) each E-Signature on any such
      posting shall be deemed sufficient to satisfy any requirement for a
      “signature” and (C) each such posting shall be deemed sufficient to
      satisfy any requirement for a “writing”, in each case including pursuant
      to any Loan Document, any applicable provision of any UCC, the federal
      Uniform Electronic Transactions Act, the Electronic Signatures in Global
      and National Commerce Act and any substantive or procedural Requirement
      of Law governing such subject matter, (ii) each such posting that is not
      readily capable of bearing either a signature or a reproduction of a
      signature may be signed, and shall be deemed signed, by attaching to, or
      logically associating with such posting, an E-Signature, upon which each
      Secured Party and Loan Party may rely and assume the authenticity
      thereof, (iii) each such posting containing a signature, a reproduction
      of a signature or an E-Signature shall, for all intents and purposes,
      have the same effect and weight as a signed paper original and (iv) each
      party hereto or beneficiary hereto agrees not to contest the validity or
      enforceability of any posting on any E-System or E-Signature on any such
      posting under the provisions of any applicable Requirement of Law
      requiring certain documents to be in writing or signed; provided, however,
      that nothing herein shall limit such party’s or beneficiary’s right to
      contest whether any posting to any E-System or E-Signature has been
      altered after transmission.
    

    
      (c)  Separate Agreements.  All uses of an E-System
      shall be governed by and subject to, in addition to Section 11.11
      and this Section 11.12, separate terms and conditions posted
      or referenced in such E-System and related Contractual Obligations
      executed by Secured Parties and Group Members in connection with the use
      of such E-System.
    

    
      (d)  Limitation of Liability.  All E-Systems and
      Electronic Transmissions shall be provided “as is” and “as
      available”.  None of Administrative Agent or any of its Related Persons
      warrants the accuracy, adequacy or completeness of any E-Systems or
      Electronic Transmission, and each disclaims all liability for errors or
      omissions therein.  No Warranty of any kind is made by the
      Administrative Agent or any of its Related Persons in connection with
      any E-Systems or Electronic Communication, including any warranty of
      merchantability, fitness for a particular purpose, non-infringement of
      third-party rights or freedom from viruses or other code defects. Each
      of the Borrower and each other Loan Party and each Secured Party agrees
      that the Administrative Agent has no responsibility for maintaining or
      providing any equipment, software, services or any testing required in
      connection with any Electronic Transmission or otherwise required for
      any E-System.
    

    
      Section 11.13  Governing Law.  This Agreement, each
      other Loan Document that does not expressly set forth its applicable
      law, and the rights and obligations of the parties hereto and thereto
      shall be governed by, and construed and interpreted in accordance with,
      the law of the State of New York.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          88
        

        
          

        

      

      
        

        

      

    

    
      Section 11.14  Jurisdiction.  (a)  Submission
      to Jurisdiction.  Any legal action or proceeding with respect to any
      Loan Document may be brought in the courts of the State of New York
      located in the City of New York, Borough of Manhattan, or of the United
      States for the Southern District of New York and, by execution and
      delivery of this Agreement, the Borrower hereby accepts for itself and
      in respect of its property, generally and unconditionally, the
      jurisdiction of the aforesaid courts.  The parties hereto (and, to the
      extent set forth in any other Loan Document, each other Loan Party)
      hereby irrevocably waive any objection, including any objection to the
      laying of venue or based on the grounds of forum non conveniens, that
      any of them may now or hereafter have to the bringing of any such action
      or proceeding in such jurisdictions.
    

    
      (b)  Service of Process.  The Borrower (and, to the
      extent set forth in any other Loan Document, each other Loan Party)
      hereby irrevocably waives personal service of any and all legal process,
      summons, notices and other documents and other service of process of any
      kind and consents to such service in any suit, action or proceeding
      brought in the United States with respect to or otherwise arising out of
      or in connection with any Loan Document by any means permitted by
      applicable Requirements of Law, including by the mailing thereof (by
      registered or certified mail, postage prepaid) to the address of the
      Borrower specified in Section 11.11 (and shall be effective
      when such mailing shall be effective, as provided therein).  The
      Borrower (and, to the extent set forth in any other Loan Document, each
      other Loan Party) agrees that a final judgment in any such action or
      proceeding shall be conclusive and may be enforced in other
      jurisdictions by suit on the judgment or in any other manner provided by
      law.
    

    
      (c)  Non-Exclusive Jurisdiction.  Nothing contained in
      this Section 11.14 shall affect the right of the
      Administrative Agent or any Lender to serve process in any other manner
      permitted by applicable Requirements of Law or commence legal
      proceedings or otherwise proceed against any Loan Party in any other
      jurisdiction.
    

    
      Section 11.15  WAIVER OF JURY TRIAL.  EACH PARTY HERETO
      HEREBY IRREVOCABLY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION OR
      PROCEEDING WITH RESPECT TO, OR DIRECTLY OR INDIRECTLY ARISING OUT OF,
      UNDER OR IN CONNECTION WITH, ANY LOAN DOCUMENT OR THE TRANSACTIONS
      CONTEMPLATED THEREIN OR RELATED THERETO (WHETHER FOUNDED IN CONTRACT,
      TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO
      OTHER PARTY AND NO RELATED PERSON OF ANY OTHER PARTY HAS REPRESENTED,
      EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
      LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
      THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE
      LOAN DOCUMENTS, AS APPLICABLE, BY THE MUTUAL WAIVERS AND CERTIFICATIONS
      IN THIS SECTION 11.15.
    

    
      Section 11.16  Severability.  Any provision of any Loan
      Document being held illegal, invalid or unenforceable in any
      jurisdiction shall not affect any part of such provision not held
      illegal, invalid or unenforceable, any other provision of any Loan
      Document or any part of such provision in any other jurisdiction.
    

    
      Section 11.17  Execution in Counterparts.  This
      Agreement may be executed in any number of counterparts and by different
      parties in separate counterparts, each of which when so executed shall
      be deemed to be an original and all of which taken together shall
      constitute one and the same agreement.  Signature pages may be detached
      from multiple separate counterparts and attached to a single
      counterpart.  Delivery of an executed signature page of this Agreement
      by facsimile transmission or Electronic Transmission shall be as
      effective as delivery of a manually executed counterpart hereof.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          89
        

        
          

        

      

      
        

        

      

    

    
      Section 11.18  Entire Agreement.  The Loan Documents
      embody the entire agreement of the parties and supersede all prior
      agreements and understandings relating to the subject matter thereof and
      any prior letter of interest, commitment letter, fee letter,
      confidentiality and similar agreements involving any Loan Party and any
      of the Administrative Agent, any Lender or any of their respective
      Affiliates relating to a financing of substantially similar form,
      purpose or effect.  In the event of any conflict between the terms of
      this Agreement and any other Loan Document, the terms of this Agreement
      shall govern (unless such terms of such other Loan Documents are
      necessary to comply with applicable Requirements of Law, in which case
      such terms shall govern to the extent necessary to comply therewith).
    

    
      Section 11.19  Use of Name.  The Borrower agrees, and
      shall cause each other Loan Party to agree, that it shall not, and none
      of its Affiliates shall, issue any press release or other public
      disclosure (other than any document filed with any Governmental
      Authority relating to a public offering of the Securities of any Loan
      Party) using the name, logo or otherwise referring to GE Capital or of
      any of its Affiliates, the Loan Documents or any transaction
      contemplated therein to which the Secured Parties are party without at
      least 2 Business Days’ prior notice to GE Capital and without the prior
      consent of GE Capital except to the extent required to do so under
      applicable Requirements of Law and then, only after consulting with GE
      Capital prior thereto.
    

    
      Section 11.20  Non-Public Information; Confidentiality.  (a)  Each
      Lender and the Administrative Agent acknowledges and agrees that it may
      receive material non-public information hereunder concerning the Loan
      Parties and their Affiliates and Securities and agrees to use such
      information in compliance with all relevant policies, procedures and
      Contractual Obligations and applicable Requirements of Laws (including
      United States federal and state security laws and regulations).
    

    
      (b)  Each Lender, L/C Issuer and the Administrative Agent agrees to use
      all reasonable efforts to maintain, in accordance with its customary
      practices, the confidentiality of information obtained by it pursuant to
      any Loan Document and designated in writing by any Loan Party as
      confidential, except that such information may be disclosed (i) with the
      Borrower’s consent, (ii) to Related Persons of such Lender, L/C Issuer
      or the Administrative Agent, as the case may be, or to any Person that
      any L/C Issuer causes to Issue Letters of Credit hereunder, that are
      advised of the confidential nature of such information and are
      instructed to keep such information confidential, (iii) to the extent
      such information presently is or hereafter becomes available to such
      Lender, L/C Issuer or the Administrative Agent, as the case may be, on a
      non-confidential basis from a source other than any Loan Party, (iv) to
      the extent disclosure is required by applicable Requirements of Law or
      other legal process or requested or demanded by any Governmental
      Authority; provided that, unless prohibited by applicable Requirements
      of Law or by the rules governing the process requiring such disclosure,
      (x) it will promptly notify the Borrower of the existence, terms and
      circumstances surrounding such requirement, (y) it will consult with the
      Borrower on the advisability of taking legally available steps to resist
      or narrow such requirement, and (z) it will identify to the Borrower any
      such information which is legally required to be disclosed, (v) to the
      extent necessary or customary for inclusion in league table measurements
      or in any tombstone or other advertising materials (and the Loan Parties
      consent to the publication of such tombstone or other advertising
      materials by the Administrative Agent, any Lender, any L/C Issuer or any
      of their Related Persons), (vi) to the National Association of Insurance
      Commissioners or any similar organization, any examiner or any
      nationally recognized rating agency in each case to the extent required
      by such examiner, association, organization or agency in connection with
      the administration of the Loans, regulatory examinations or ratings or
      proposed rating of the Loans or otherwise to the extent consisting of
      general portfolio information that does not identify any Loan Party or
      any of their Subsidiaries, (vii) to current or prospective assignees,
      SPVs grantees of any option described in Section 11.2(f) or
      participants, direct or contractual counterparties to any Hedging
      Agreement permitted hereunder and to their respective Related Persons,
      in each case to the extent such assignees, participants, counterparties
      or Related Persons agree to be bound by provisions substantially similar
      to the provisions of this Section 11.20 and (viii) in
      connection with the exercise of any remedy under any Loan Document.  In
      the event of any conflict between the terms of this Section 11.20
      and those of any other Contractual Obligation entered into with any Loan
      Party (whether or not a Loan Document), the terms of this Section 11.20
      shall govern.
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      
        

        

      

      
        
          90
        

        
          

        

      

      
        

        

      

    

    
      Section 11.21  Patriot Act Notice.  Each Lender subject
      to the USA Patriot Act of 2001 (31 U.S.C. 5318 et seq.) hereby notifies
      the Borrower that, pursuant to Section 326 thereof, it is required to
      obtain, verify and record information that identifies the Borrower,
      including the name and address of the Borrower and other information
      allowing such Lender to identify the Borrower in accordance with such
      Act.
    

    
      [SIGNATURE PAGES FOLLOW]
    

    
      TERM LOAN CREDIT AGREEMENT
    

    
      [DAYTON SUPERIOR CORPORATION]
    

    
      91
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Annex B
    

    

    

    
      Please see attached.
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      EXECUTION COPY
    

    

    

    

    

    

    

    

    
      AMENDED AND RESTATED
    

    
      GUARANTY AND SECURITY AGREEMENT
    

    
      Dated as of March 3, 2008
    

    
      among
    

    
      DAYTON SUPERIOR CORPORATION
    

    
      and
    

    
      Each Grantor
    

    
      From Time to Time Party Hereto
    

    
      SILVER POINT FINANCE, LLC,
    

    
      as Primary Administrative Agent
    

    
      and
    

    
      GENERAL ELECTRIC CAPITAL CORPORATION,
    

    
      as Collateral Agent
    

    

    
      

      

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
          TABLE OF CONTENTS
        
	
           
        
	
           
        
	

        	
          
            Page
          

        
	
           
        
	
          ARTICLE I DEFINED TERMS
        	
          1
        
	
           
        
	
          Section 1.1 Definitions
        	
          1
        
	
           
        
	
          Section 1.2 Certain Other Terms
        	
          4
        
	
           
        
	
           
        
	
          ARTICLE II GUARANTY
        	
          4
        
	
           
        
	
          Section 2.1 Guaranty
        	
          4
        
	
           
        
	
          Section 2.2 Limitation of Guaranty
        	
          5
        
	
           
        
	
          Section 2.3 Contribution
        	
          5
        
	
           
        
	
          Section 2.4 Authorization; Other Agreements
        	
          5
        
	
           
        
	
          Section 2.5 Guaranty Absolute and Unconditional
        	
          6
        
	
           
        
	
          Section 2.6 Waivers
        	
          6
        
	
           
        
	
          Section 2.7 Reliance
        	
          7
        
	
           
        
	
          ARTICLE III GRANT OF SECURITY INTEREST
        	
          7
        
	
           
        
	
          Section 3.1 Collateral
        	
          7
        
	
           
        
	
          Section 3.2 Grant of Security Interest in Collateral
        	
          8
        
	
           
        
	
          ARTICLE IV REPRESENTATIONS AND WARRANTIES
        	
          8
        
	
           
        
	
          Section 4.1 Title; No Other Liens
        	
          8
        
	
           
        
	
          Section 4.2 Perfection and Priority
        	
          8
        
	
           
        
	
          Section 4.3 Jurisdiction of Organization; Chief Executive Office
        	
          9
        
	
           
        
	
          Section 4.4 Locations of Inventory, Equipment and Books and Records
        	
          9
        
	
           
        
	
          Section 4.5 Pledged Collateral
        	
          9
        
	
           
        
	
          Section 4.6 Instruments and Tangible Chattel Paper Formerly Accounts
        	
          10
        
	
           
        
	
          Section 4.7 Intellectual Property
        	
          10
        
	
           
        
	
          Section 4.8 Commercial Tort Claims
        	
          10
        
	
           
        
	
          Section 4.9 Specific Collateral
        	
          11
        
	
           
        
	
          Section 4.10 Omitted
        	
          11
        
	
           
        
	
          Section 4.11 Representations and Warranties of the Credit Agreement
        	
          11
        
	
           
        
	
          ARTICLE V COVENANTS
        	
          11
        
	
           
        
	
          Section 5.1 Maintenance of Perfected Security Interest; Further
        
	
          
             Documentation and Consents
          

        	
          11
        
	
           
        
	
          Section 5.2 Changes in Locations, Name, Etc.
        	
          12
        
	
           
        
	
          Section 5.3 Pledged Collateral
        	
          12
        
	
           
        
	
          Section 5.4 Accounts
        	
          13
        
	
           
        
	
          Section 5.5 Commodity Contracts
        	
          13
        

    

    
      
        

        

      

      
        
          i
        

        
          

        

      

      
        

        

      

    

    
    	

        	
          
            Page
          

        
	
           
        
	
          Section 5.6 Delivery of Instruments and Tangible Chattel Paper and
          Control
        
	
          of Investment Property, Letter-of-Credit Rights and Electronic
        
	
          Chattel Paper
        	
          13
        
	
           
        
	
          Section 5.7 Intellectual Property
        	
          14
        
	
           
        
	
          Section 5.8 Notices
        	
          15
        
	
           
        
	
          Section 5.9 Notice of Commercial Tort Claims
        	
          15
        
	
           
        
	
          Section 5.10 Compliance with Credit Agreement
        	
          16
        
	
           
        
	
           
        
	
          ARTICLE VI REMEDIAL PROVISIONS
        	
          16
        
	
           
        
	
          Section 6.1 Code and Other Remedies
        	
          16
        
	
           
        
	
          Section 6.2 Accounts and Payments in Respect of General Intangibles
        	
          19
        
	
           
        
	
          Section 6.3 Pledged Collateral
        	
          20
        
	
           
        
	
          Section 6.4 Proceeds to be Turned over to and Held by Administrative
          Agent
        	
          21
        
	
           
        
	
          Section 6.5 Registration Rights
        	
          22
        
	
           
        
	
          Section 6.6 Deficiency
        	
          22
        
	
           
        
	
          ARTICLE VII THE ADMINISTRATIVE AGENT
        	
          23
        
	
           
        
	
          Section 7.1 Administrative Agent's Appointment as Attorney-in-Fact
        	
          23
        
	
           
        
	
          Section 7.2 Authorization to File Financing Statements
        	
          24
        
	
           
        
	
          Section 7.3 Authority of Administrative Agent
        	
          25
        
	
           
        
	
          Section 7.4 Duty; Obligations and Liabilities
        	
          25
        
	
           
        
	
           
        
	
          ARTICLE VIII MISCELLANEOUS
        	
          26
        
	
           
        
	
          Section 8.1 Reinstatement
        	
          26
        
	
           
        
	
          Section 8.2 Release of Collateral
        	
          26
        
	
           
        
	
          Section 8.3 Independent Obligations
        	
          27
        
	
           
        
	
          Section 8.4 No Waiver by Course of Conduct
        	
          27
        
	
           
        
	
          Section 8.5 Amendments in Writing
        	
          27
        
	
           
        
	
          Section 8.6 Additional Grantors; Additional Pledged Collateral
        	
          27
        
	
           
        
	
          Section 8.7 Notices
        	
          28
        
	
           
        
	
          Section 8.8 Successors and Assigns
        	
          28
        
	
           
        
	
          Section 8.9 Counterparts
        	
          28
        
	
           
        
	
          Section 8.10 Severability
        	
          28
        
	
           
        
	
          Section 8.11 Governing Law
        	
          28
        
	
           
        
	
          Section 8.12 WAIVER OF JURY TRIAL
        	
          28
        
	
           
        
	
          Section 8.13 Intercreditor Agreement
        	
          29
        

    

    
      
        

        

      

      
        
          ii
        

        
          

        

      

      
        

        

      

    

    
    	
          ANNEXES AND SCHEDULES
        
	
           
        
	
          Annex 1
        	
          Form of Pledge Amendment
        
	
          Annex 2
        	
          Form of Joinder Agreement
        
	
          Annex 3
        	
          Form of Intellectual Property Security Agreement
        
	
           
        
	
          Schedule 1
        	
          Commercial Tort Claims
        
	
          Schedule 2
        	
          Filings
        
	
          Schedule 3
        	
          Jurisdiction of Organization; Chief Executive Office
        
	
          Schedule 4
        	
          Location of Inventory and Equipment
        
	
          Schedule 5
        	
          Pledged Collateral
        
	
          Schedule 6
        	
          Intellectual Property
        

    

    
      
        

        

      

      
        
          iii
        

        
          

        

      

      
        

        

      

    

    
      AMENDED AND RESTATED GUARANTY AND SECURITY AGREEMENT, dated as of March
      3, 2008 (as amended and restated by Amendment No. 5 and Restatement,
      dated as of April 16, 2009), by DAYTON SUPERIOR CORPORATION, a Delaware
      corporation (the “Borrower”) and each of the other entities
      listed on the signature pages hereof or that becomes a party hereto
      pursuant to Section 8.6 (together with the Borrower, the “Grantors”),
      in favor of Silver Point Finance, LLC (“Silver Point Finance”),
      as administrative agent for the Lenders, and General Electric Capital
      Corporation (“GE Capital”), as collateral agent for the
      Lenders and each other Secured Party (each as defined in the Credit
      Agreement referred to below).
    

    
      W I T N E S S E T H :
    

    
      WHEREAS, pursuant to the Term Loan Credit Agreement dated as of March 3,
      2008 (as the same may be modified from time to time, the “Credit
      Agreement”) among the Borrower, the Lenders from time to time party
      thereto, Silver Point Finance, as Administrative Agent for the Lenders
      and GE Capital, as collateral agent for the Lenders, the Lenders have
      severally agreed to make extensions of credit to the Borrower upon the
      terms and subject to the conditions set forth therein;
    

    
      WHEREAS, each Grantor (other than the Borrower) has agreed to guaranty
      the Obligations (as defined in the Credit Agreement) of the Borrower;
    

    
      WHEREAS, each Grantor will derive substantial direct and indirect
      benefits from the making of the extensions of credit under the Credit
      Agreement; and
    

    
      WHEREAS, it is a condition precedent to the obligation of the Lenders to
      make their respective extensions of credit to the Borrower under the
      Credit Agreement that the Grantors shall have executed and delivered
      this Agreement to the Primary Administrative Agent;
    

    
      NOW, THEREFORE, in consideration of the premises and to induce the
      Lenders, the Primary Administrative Agent and the Collateral Agent to
      enter into the Credit Agreement and to induce the Lenders to make their
      respective extensions of credit to the Borrower thereunder, each Grantor
      hereby agrees with the Primary Administrative Agent and the Collateral
      Agent as follows:
    

    
      ARTICLE I
DEFINED TERMS
    

    
      Section 1.1  Definitions.  (a) Capital terms used
      herein without definition are used as defined in the Credit Agreement.
    

    
      (b)  The following terms have the meanings given to them in the UCC and
      terms used herein without definition that are defined in the UCC have
      the meanings given to them in the UCC (such meanings to be equally
      applicable to both the singular and plural forms of the terms
      defined):  “account”, “account
      debtor”, “as-extracted collateral”, “certificated
      security”, “chattel paper”, “commercial
      tort claim”, “commodity contract”, “deposit
      account”, “electronic chattel paper”, “equipment”,
      “farm products”, “fixture”, “general
      intangible”, “goods”, “health-care-insurance
      receivable”, “instruments”, “inventory”,
      “investment property”, “letter-of-credit
      right”, “proceeds”, “record”, “securities
      account”, “security”, “supporting
      obligation” and “tangible chattel paper”.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (c)  The following terms shall have the following meanings:
    

    
      “Agreement” means this Guaranty and Security Agreement, as
      it may be amended, restated, supplemented or otherwise modified from
      time to time.
    

    
      “Applicable IP Office” means the United States Patent and
      Trademark Office, the United States Copyright Office or any similar
      office or agency within or outside the United States.
    

    
      “Collateral” has the meaning specified in Section 3.1.
    

    
      “Collateral Agent” means GE Capital in its capacity as
      collateral agent for the Lenders (together with its permitted successors
      and assigns in such capacity) for the purposes specified in Section 10.1(b)
      of the Credit Agreement.
    

    
      “Excluded Equity” means any Voting Stock in excess of 66%
      of the outstanding Voting Stock of any Excluded Foreign Subsidiary.
    

    
      “Excluded Property” means, collectively, (i) Excluded
      Equity, (ii) any permit or license or any Contractual Obligation entered
      into by any Grantor (A) that prohibits or requires the consent of any
      Person other than the Borrower and its Affiliates as a condition to the
      creation by such Grantor of a Lien on any right, title or interest in
      such permit, license or Contractual Obligation or any Stock or Stock
      Equivalent related thereto or (B) to the extent that any Requirement of
      Law applicable thereto prohibits the creation of a Lien thereon or
      requires a consent not obtained of any Governmental Authority pursuant
      to such Requirement of Law, but only, with respect to the prohibition in
      (A) and (B), to the extent, and for as long as, such prohibition is not
      terminated or rendered unenforceable or otherwise deemed ineffective by
      the UCC or any other Requirement of Law, (iii) fixed or capital assets
      owned by any Grantor that are subject to a purchase money Lien or a
      Capital Lease if the Contractual Obligation pursuant to which such Lien
      is granted (or in the document providing for such Capital Lease)
      prohibits or requires the consent of any Person other than the Borrower
      and its Affiliates as a condition to the creation of any other Lien on
      such equipment and (iv) any “intent to use” Trademark applications for
      which a statement of use has not been filed (but only until such
      statement is filed); provided, however, “Excluded
      Property” shall not include any proceeds, products, substitutions or
      replacements of Excluded Property (unless such proceeds, products,
      substitutions or replacements would otherwise constitute Excluded
      Property).
    

    
      “Guaranteed Obligations” has the meaning set forth in Section 2.1.
    

    
      “Guarantor” means each Grantor other than the Borrower.
    

    
      “Guaranty” means the guaranty of the Guaranteed Obligations
      made by the Guarantors as set forth in this Agreement.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      “Material Intellectual Property” means Intellectual
      Property included in the Collateral and material to the conduct of the
      business of the Grantors.
    

    
      “Pledged Certificated Stock” means all certificated
      securities and any other Stock or Stock Equivalent of any Person
      evidenced by a certificate, instrument or other similar document (as
      defined in the UCC), in each case owned by any Grantor, and any
      distribution of property made on, in respect of or in exchange for the
      foregoing from time to time, exceeding $100,000 individually and
      $250,000 in the aggregate, including all Stock and Stock Equivalents
      listed on Schedule 5.  Pledged Certificated Stock excludes
      any Excluded Property and any Cash Equivalents that are not held in
      Controlled Securities Accounts to the extent permitted by Section 7.11
      of the Credit Agreement.
    

    
      “Pledged Collateral” means, collectively, the Pledged Stock
      and the Pledged Debt Instruments.
    

    
      “Pledged Debt Instruments” means all right, title and
      interest of any Grantor in instruments evidencing any Indebtedness owed
      to such Grantor (other than instruments issued in connection with
      extensions of trade credit by any Grantor in the ordinary course of
      business not exceeding $1,000,000 individually or $3,000,000 in the
      aggregate) or other obligations, and any distribution of property made
      on, in respect of or in exchange for the foregoing from time to time,
      exceeding $100,000 individually and $250,000 in the aggregate, including
      all Indebtedness described on Schedule 5, issued by the
      obligors named therein.  Pledged Debt Instruments excludes any Excluded
      Property and any Cash Equivalents that are not held in Controlled
      Securities Accounts to the extent permitted by Section 7.11
      of the Credit Agreement.
    

    
      “Pledged Investment Property” means any investment property
      of any Grantor, and any distribution of property made on, in respect of
      or in exchange for the foregoing from time to time, exceeding $100,000
      individually and $250,000 in the aggregate, other than any Pledged Stock
      or Pledged Debt Instruments.  Pledged Investment Property excludes any
      Excluded Property and any Cash Equivalents that are not held in
      Controlled Securities Accounts to the extent permitted by Section 7.11
      of the Credit Agreement.
    

    
      “Pledged Stock” means all Pledged Certificated Stock and
      all Pledged Uncertificated Stock.
    

    
      “Pledged Uncertificated Stock” means any Stock or Stock
      Equivalent of any Person that is owned by a Grantor that is not Pledged
      Certificated Stock, including all right, title and interest of any
      Grantor as a limited or general partner in any partnership not
      constituting Pledged Certificated Stock or as a member of any limited
      liability company, all right, title and interest of any Grantor in, to
      and under any Constituent Document of any partnership or limited
      liability company to which it is a party, and any distribution of
      property made on, in respect of or in exchange for the foregoing from
      time to time, exceeding $100,000 individually and $250,000 in the
      aggregate including in each case those interests set forth on Schedule 5,
      to the extent such interests are not certificated.  Pledged Certificated
      Stock excludes any Excluded Property and any Cash Equivalents that are
      not held in Controlled Securities Accounts to the extent permitted by Section 7.11
      of the Credit Agreement.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      “Primary Administrative Agent” means Silver Point Finance
      in its capacity as administrative agent for the Lenders (together with
      its permitted successors and assigns in such capacity).
    

    
      “Revolving Security Agreement” means the “Guaranty and
      Security Agreement”, as such term is defined in the Revolving Credit
      Agreement.
    

    
      “Software” means (a) all computer programs, including
      source code and object code versions, (b) all data, databases and
      compilations of data, whether machine readable or otherwise, and (c) all
      documentation, training materials and configurations related to any of
      the foregoing.
    

    
      “Subsidiary Guarantor” means any Guarantor that is a
      Subsidiary of the Borrower.
    

    
      “UCC” means the Uniform Commercial Code as from time to
      time in effect in the State of New York; provided, however,
      that, in the event that, by reason of mandatory provisions of any
      applicable Requirement of Law, any of the attachment, perfection or
      priority of the Administrative Agent and Collateral Agent’s or any other
      Secured Party’s security interest in any Collateral is governed by the
      Uniform Commercial Code of a jurisdiction other than the State of New
      York, “UCC” shall mean the Uniform Commercial Code as in effect in such
      other jurisdiction for purposes of the provisions hereof relating to
      such attachment, perfection or priority and for purposes of the
      definitions related to or otherwise used in such provisions.
    

    
      “Vehicles” means all vehicles covered by a certificate of
      title law of any state.
    

    
      Section 1.2  Certain Other Terms.  (a) The meanings
      given to terms defined herein shall be equally applicable to both the
      singular and plural forms of such terms.  The terms “herein”,
      “hereof” and similar terms refer to this Agreement as a
      whole and not to any particular Article, Section or clause in this
      Agreement.  References herein to an Annex, Schedule, Article, Section or
      clause refer to the appropriate Annex or Schedule to, or Article,
      Section or clause in this Agreement.  Where the context requires,
      provisions relating to any Collateral when used in relation to a Grantor
      shall refer to such Grantor’s Collateral or any relevant part thereof.
    

    
       (b)  Section 1.5 (Interpretation) of
      the Credit Agreement is applicable to this Agreement as and to the
      extent set forth therein.
    

    
      ARTICLE II 
GUARANTY
    

    
      Section 2.1  Guaranty.  To induce the Lenders to make
      the Loans, each Guarantor hereby, jointly and severally, absolutely,
      unconditionally and irrevocably guarantees, as primary obligor and not
      merely as surety, the full and punctual payment when due, whether at
      stated maturity or earlier, by reason of acceleration, mandatory
      prepayment or otherwise in accordance with any Loan Document, of all the
      Obligations of the Borrower (the “Guaranteed Obligations”).  This
      Guaranty by each Guarantor hereunder constitutes a guaranty of payment
      and not of collection.  As of the Closing Date, there are no Guarantors.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      Section 2.2  Limitation of Guaranty.  Any term or
      provision of this Guaranty or any other Loan Document to the contrary
      notwithstanding, the maximum aggregate amount for which any Subsidiary
      Guarantor shall be liable hereunder shall not exceed the maximum amount
      for which such Subsidiary Guarantor can be liable without rendering this
      Guaranty or any other Loan Document, as it relates to such Subsidiary
      Guarantor, subject to avoidance under applicable Requirements of Law
      relating to fraudulent conveyance or fraudulent transfer (including the
      Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act
      and Section 548 of title 11 of the United States Code or any applicable
      provisions of comparable Requirements of Law) (collectively, “Fraudulent
      Transfer Laws”).  Any analysis of the provisions of this Guaranty
      for purposes of Fraudulent Transfer Laws shall take into account the
      right of contribution established in Section 2.3 and, for
      purposes of such analysis, give effect to any discharge of intercompany
      debt as a result of any payment made under the Guaranty.
    

    
      Section 2.3  Contribution.  To the extent that any
      Subsidiary Guarantor shall be required hereunder to pay any portion of
      any Guaranteed Obligation exceeding the greater of (a) the amount of the
      economic benefit actually received by such Subsidiary Guarantor from the
      Loans and other Obligations and (b) the amount such Subsidiary Guarantor
      would otherwise have paid if such Subsidiary Guarantor had paid the
      aggregate amount of the Guaranteed Obligations (excluding the amount
      thereof repaid by the Borrower) in the same proportion as such
      Subsidiary Guarantor’s net worth on the date enforcement is sought
      hereunder bears to the aggregate net worth of all the Subsidiary
      Guarantors on such date, then such Guarantor shall be reimbursed by such
      other Subsidiary Guarantors for the amount of such excess, pro rata,
      based on the respective net worth of such other Subsidiary Guarantors on
      such date.
    

    
      Section 2.4  Authorization; Other Agreements.  The
      Secured Parties are hereby authorized, without notice to or demand upon
      any Guarantor and without discharging or otherwise affecting the
      obligations of any Guarantor hereunder and without incurring any
      liability hereunder, from time to time, to do each of the following:
    

    
      (a)  (i) modify, amend, supplement or otherwise change, (ii) accelerate
      or otherwise change the time of payment or (iii) waive or otherwise
      consent to noncompliance with, any Guaranteed Obligation or any Loan
      Document;
    

    
      (b)  apply to the Guaranteed Obligations any sums by whomever paid or
      however realized to any Guaranteed Obligation in such order as provided
      in the Loan Documents;
    

    
      (c)  refund at any time any payment received by any Secured Party in
      respect of any Guaranteed Obligation;
    

    
      (d)  (i) Sell, exchange, enforce, waive, substitute, liquidate,
      terminate, release, abandon, fail to perfect, subordinate, accept,
      substitute, surrender, exchange, affect, impair or otherwise alter or
      release any Collateral for any Guaranteed Obligation or any other
      guaranty therefor in any manner, (ii) receive, take and hold additional
      Collateral to secure any Guaranteed Obligation, (iii) add, release or
      substitute any one or more other Guarantors, makers or endorsers of any
      Guaranteed Obligation or any part thereof and (iv) otherwise deal in any
      manner with the Borrower and any other Guarantor, maker or endorser of
      any Guaranteed Obligation or any part thereof; and
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

    
      (e)  settle, release, compromise, collect or otherwise liquidate the
      Guaranteed Obligations.
    

    
      Section 2.5  Guaranty Absolute and Unconditional.  Each
      Guarantor hereby waives and agrees not to assert any defense (other than
      a defense of payment or performance), whether arising in connection with
      or in respect of any of the following or otherwise, and hereby agrees
      that its obligations under this Guaranty are irrevocable, absolute and
      unconditional and shall not be discharged as a result of or otherwise
      affected by any of the following (which may not be pleaded and evidence
      of which may not be introduced in any proceeding with respect to this
      Guaranty, in each case except as otherwise agreed in writing by the
      Primary Administrative Agent):
    

    
      (a)  the invalidity or unenforceability of any obligation of the
      Borrower or any other Guarantor under any Loan Document or any other
      agreement or instrument in connection therewith or pursuant thereto
      (including any amendment, consent or waiver thereto), or any security
      for, or other guaranty of, any Guaranteed Obligation or any part
      thereof, or the lack of perfection or continuing perfection or failure
      of priority of any security for the Guaranteed Obligations or any part
      thereof;
    

    
      (b)  the absence of (i) any attempt to collect any Guaranteed Obligation
      or any part thereof from the Borrower or any other Guarantor or other
      action to enforce the same or (ii) any action to enforce any Loan
      Document or any Lien thereunder;
    

    
      (c)  the failure by any Person to take any steps to perfect and maintain
      any Lien on, or to preserve any rights with respect to, any Collateral;
    

    
      (d)  any workout, insolvency, bankruptcy proceeding, reorganization,
      arrangement, liquidation or dissolution by or against the Borrower, any
      other Guarantor or any of the Borrower’s other Subsidiaries or any
      procedure, agreement, order, stipulation, election, action or omission
      thereunder, including any discharge or disallowance of, or bar or stay
      against collecting, any Guaranteed Obligation (or any interest thereon)
      in or as a result of any such proceeding;
    

    
      (e)  any foreclosure, whether or not through judicial sale, and any
      other Sale of any Collateral or any election following the occurrence of
      an Event of Default by any Secured Party to proceed separately against
      any Collateral in accordance with such Secured Party’s rights under any
      applicable Requirement of Law; or
    

    
      (f)  any other defense, setoff, counterclaim or any other circumstance
      that might otherwise constitute a legal or equitable discharge of the
      Borrower, any other Guarantor or any of the Borrower’s other
      Subsidiaries, in each case other than the payment in full of the
      Guaranteed Obligations.
    

    
      Section 2.6  Waivers.  Each Guarantor hereby
      unconditionally and irrevocably waives and agrees not to assert any
      claim, defense, setoff or counterclaim based on diligence, promptness,
      presentment, requirements for any demand or notice hereunder including
      any of the following:  (a) any demand for payment or performance and
      protest and notice of protest, (b) any notice of acceptance, (c) any
      presentment, demand, protest or further notice or other requirements of
      any kind with respect to any Guaranteed Obligation (including any
      accrued but unpaid interest thereon) becoming immediately due and
      payable and (d) any other notice in respect of any Guaranteed Obligation
      or any part thereof, and any defense arising by reason of any disability
      or other defense of the Borrower or any other Guarantor.  Each Guarantor
      further unconditionally and irrevocably agrees not to (x) enforce or
      otherwise exercise any right of subrogation or any right of
      reimbursement or contribution or similar right against the Borrower or
      any other Guarantor by reason of any Loan Document or any payment made
      thereunder or (y) assert any claim, defense, setoff or counterclaim it
      may have against any other Loan Party or set off any of its obligations
      to such other Loan Party against obligations of such Loan Party to such
      Guarantor, in each case until the Satisfaction Date.  No obligation of
      any Guarantor hereunder shall be discharged other than by complete
      performance.
    

    
      
        

        

      

      
        
          6
        

        
          

        

      

      
        

        

      

    

    
      Section 2.7  Reliance.  Each Guarantor hereby assumes
      responsibility for keeping itself informed of the financial condition of
      the Borrower, each other Guarantor and any other guarantor, maker or
      endorser of any Guaranteed Obligation or any part thereof, and of all
      other circumstances bearing upon the risk of nonpayment of any
      Guaranteed Obligation or any part thereof that diligent inquiry would
      reveal, and each Guarantor hereby agrees that no Secured Party shall
      have any duty to advise any Guarantor of information known to it
      regarding such condition or any such circumstances.  In the event any
      Secured Party, in its sole discretion, undertakes at any time or from
      time to time to provide any such information to any Guarantor, such
      Secured Party shall be under no obligation to (a) undertake any
      investigation not a part of its regular business routine, (b) disclose
      any information that such Secured Party, pursuant to accepted or
      reasonable commercial finance or banking practices, wishes to maintain
      confidential or (c) make any future disclosures of such information or
      any other information to any Guarantor.
    

    
      ARTICLE III  
GRANT OF SECURITY INTEREST
    

    
      Section 3.1  Collateral.  For the purposes of this
      Agreement, all of the following property now owned or at any time
      hereafter, acquired by a Grantor or in which a Grantor now has or at any
      time in the future may acquire any right, title or interests is
      collectively referred to as the “Collateral”:
    

    
      (a)  all accounts, chattel paper, deposit accounts, documents (as
      defined in the UCC), equipment, general intangibles, instruments,
      inventory, investment property and any supporting obligations related
      thereto;
    

    
      (b)  the commercial tort claims described on Schedule 1
      and on any supplement thereto received by the Primary Administrative
      Agent pursuant to Section 5.9;
    

    
      (c)  all books and records pertaining to the other property described in
      this Section 3.1;
    

    
      
        

        

      

      
        
          7
        

        
          

        

      

      
        

        

      

    

    
      (d)  all property of such Grantor held by any Secured Party, including
      all property of every description, in the custody of or in transit to
      such Secured Party for any purpose, including safekeeping, collection or
      pledge, for the account of such Grantor or as to which such Grantor may
      have any right or power, including but not limited to cash;
    

    
      (e)  all other goods (including but not limited to fixtures) and
      personal property of such Grantor, whether tangible or intangible and
      wherever located; and
    

    
       (f)  to the extent not otherwise included, all proceeds of the
      foregoing;
    

    
      provided, however, that “Collateral” shall not include any
      Excluded Property; and provided, further, that if and when
      any property shall cease to be Excluded Property, such property shall be
      deemed at all times from and after the date hereof to constitute
      Collateral.
    

    
      Section 3.2  Grant of Security Interest in Collateral.  Each
      Grantor, as collateral security for the prompt and complete payment and
      performance when due (whether at stated maturity, by acceleration or
      otherwise) of the Obligations of such Grantor (the “Secured
      Obligations”), hereby mortgages, pledges and hypothecates to the
      Administrative Agent and Collateral Agent for the benefit of the Secured
      Parties, and grants to the Administrative Agent and Collateral Agent for
      the benefit of the Secured Parties a Lien on and security interest in,
      all of its right, title and interest in, to and under the Collateral of
      such Grantor.
    

    
      ARTICLE IV  
REPRESENTATIONS AND WARRANTIES
    

    
      To induce the Lenders, the Collateral Agent and the Primary
      Administrative Agent to enter into the Loan Documents, each Grantor
      hereby represents and warrants each of the following to the Primary
      Administrative Agent, the Collateral Agent, the Lenders and the other
      Secured Parties:
    

    
      Section 4.1  Title; No Other Liens.  Except for the
      Lien granted to the Administrative Agent and Collateral Agent pursuant
      to this Agreement, the Lien granted to the Revolving Credit
      Administrative Agent pursuant to the Revolving Security Agreement and
      other Permitted Liens (except for those Permitted Liens not permitted to
      exist on any Collateral) under any Loan Document (including Section 4.2),
      such Grantor owns each item of the Collateral free and clear of any and
      all Liens or claims of others.  Such Grantor (a) is the record and
      beneficial owner of the Collateral pledged by it hereunder constituting
      instruments or certificates and (b) has rights in or the power to
      transfer each other item of Collateral in which a Lien is granted by it
      hereunder, free and clear of any other Lien, other than Permitted Liens.
    

    
      Section 4.2  Perfection and Priority.  The security
      interest granted pursuant to this Agreement constitutes a valid and
      continuing perfected security interest in favor of the Administrative
      Agent and Collateral Agent in all Collateral (other than to the extent
      filings in foreign intellectual property offices are required to perfect
      security interests in any foreign Intellectual Property) subject, for
      the following Collateral, to the occurrence of the following:  (i) in
      the case of all Collateral in which a security interest may be perfected
      by filing a financing statement under the UCC, the completion of the
      filings and other actions specified on Schedule 2 (which, in
      the case of all filings and other documents referred to on such
      schedule, have been delivered to the Primary Administrative Agent in
      completed form), (ii) with respect to any deposit account, the execution
      and delivery of Control Agreements, (iii) in the case of all Copyrights,
      Trademarks and Patents for which UCC filings are insufficient, all
      appropriate filings having been made with the United States Copyright
      Office or the United States Patent and Trademark Office, as applicable,
      (iv) in the case of letter-of-credit rights that are not supporting
      obligations of Collateral, the execution of a Contractual Obligation
      granting control to the Administrative Agent and Collateral Agent over
      such letter-of-credit rights, (v) in the case of electronic chattel
      paper, the completion of all steps necessary to grant control to the
      Administrative Agent and Collateral Agent over such electronic chattel
      paper and (vi) in the case of Vehicles, the actions required under Section 5.1(e).  Such
      security interest shall be prior to all other Liens on the Collateral
      except for (x) Liens granted to the Revolving Credit Administrative
      Agent pursuant to the Revolving Security Agreement in respect of the
      Revolving Credit Priority Collateral (as defined in the Intercreditor
      Agreement) and (y) Customary Permitted Liens having priority over the
      Administrative Agent and Collateral Agent’s Lien by operation of law or
      unless otherwise permitted by any Loan Document upon (i) in the case of
      all Pledged Certificated Stock, Pledged Debt Instruments and Pledged
      Investment Property, the delivery thereof to the Administrative Agent
      and Collateral Agent or the Revolving Credit Administrative Agent, as
      applicable, of such Pledged Certificated Stock, Pledged Debt Instruments
      and Pledged Investment Property consisting of instruments and
      certificates, in each case properly endorsed for transfer to the
      Administrative Agent and Collateral Agent or the Revolving Credit
      Administrative Agent, as applicable, or in blank, (ii) in the case of
      all Pledged Investment Property not in certificated form, the execution
      of Control Agreements with respect to such investment property and
      (iii) in the case of all other instruments and tangible chattel paper
      that are not Pledged Certificated Stock, Pledged Debt Instruments or
      Pledged Investment Property, the delivery thereof to the Administrative
      Agent and Collateral Agent or the Revolving Credit Administrative Agent,
      as applicable, of such instruments and tangible chattel paper.  On the
      date hereof, except as set forth in this Section 4.2, all
      actions by each Grantor necessary to protect and perfect the Lien
      granted hereunder on the Collateral have been duly taken (other than to
      the extent filings in foreign intellectual property offices are required
      to perfect security interests in any foreign Intellectual Property).
    

    
      
        

        

      

      
        
          8
        

        
          

        

      

      
        

        

      

    

    
      Section 4.3  Jurisdiction of Organization; Chief Executive
      Office.  Such Grantor’s jurisdiction of organization, legal name and
      organizational identification number, if any, and the location of such
      Grantor’s chief executive office or sole place of business, in each case
      as of the date hereof, is specified on Schedule 3.
    

    
      Section 4.4  Locations of Inventory, Equipment and Books
      and Records.  On the date hereof, such Grantor’s inventory and
      equipment (other than inventory or equipment in transit) and books and
      records concerning the Collateral are kept at the locations listed on Schedule 4.
    

    
      Section 4.5  Pledged Collateral.  (a) The Pledged Stock
      pledged by such Grantor hereunder (a) is listed on Schedule 5
      and constitutes that percentage of the issued and outstanding Stock of
      all classes of each issuer thereof as set forth on Schedule 5
      and (b) has been duly authorized, validly issued and is fully paid and
      nonassessable (other than Pledged Stock in limited liability companies
      and partnerships).
    

    
      
        

        

      

      
        
          9
        

        
          

        

      

      
        

        

      

    

    
      (b)  The Pledged Debt Instruments constitute the legal, valid and
      binding obligation of the obligor with respect thereto, enforceable in
      accordance with their respective terms, subject to the effects of
      bankruptcy, insolvency, fraudulent conveyance, reorganization,
      moratorium and other similar laws relating to or affecting creditors’
      rights generally, general equitable principles (whether considered in a
      proceeding in equity or at law) and an implied covenant of good faith
      and fair dealing.
    

    
      (c)  As of the Closing Date, all Pledged Collateral (other than Pledged
      Uncertificated Stock) and all Pledged Investment Property consisting of
      instruments and certificates has been delivered to the Administrative
      Agent and Collateral Agent or the Revolving Credit Administrative Agent,
      as applicable, in accordance with Section 5.3(a).
    

    
      Section 4.6  Instruments and Tangible Chattel Paper
      Formerly Accounts.  No amount payable to such Grantor under or in
      connection with any account is evidenced by any instrument or tangible
      chattel paper that has not been delivered to the Administrative Agent
      and Collateral Agent, properly endorsed for transfer, to the extent
      delivery is required by Section 5.6(a).
    

    
      Section 4.7  Intellectual Property.  (a) Schedule 6
      sets forth a true and complete list of all issued Patents and
      applications for Patents, Trademark registrations and applications and
      Copyright registrations owned by such Grantor as of the Closing Date,
      and including for each of the foregoing items (1) the owner, (2) the
      title, (3) the jurisdiction in which such item has been registered or
      otherwise arises or in which an application for registration has been
      filed, (4) as applicable, the registration or application number and
      registration or application date, and (5) any exclusive 1P Licenses or
      other rights (including franchises) granted by the Grantor with respect
      thereto.
    

    
       (b)  On the Closing Date, to such Grantor’s knowledge, all Material
      Intellectual Property owned by such Grantor is valid and enforceable and
      unexpired, and no Material Intellectual Property has been abandoned.  To
      such Grantor’s knowledge, no breach or default of any material IP
      License shall be caused by any of the following, and none of the
      following shall limit or impair the ownership, use, validity or
      enforceability of, or any rights of such Grantor in, any Material
      Intellectual Property:  (i) the consummation of the transactions
      contemplated by any Loan Document.  There are no pending (or, to the
      knowledge of such Grantor, threatened) actions, investigations, suits,
      proceedings, audits, claims, demands, orders or disputes challenging the
      ownership, use, validity, enforceability of, or such Grantor’s rights
      in, any Material Intellectual Property of such Grantor (other than with
      respect to ex parte Intellectual Property prosecution before an
      Applicable IP Office in the ordinary course).  To such Grantor’s
      knowledge, no Person has been or is infringing, misappropriating,
      diluting, violating or otherwise impairing any Intellectual Property of
      such Grantor.  To such Grantor’s knowledge, such Grantor, and each other
      party thereto, is not in material breach or default of any material IP
      License.
    

    
      Section 4.8  Commercial Tort Claims.  The only
      commercial tort claims of any Grantor existing on the date hereof
      (regardless of whether the amount, defendant or other material facts can
      be determined and regardless of whether such commercial tort claim has
      been asserted, threatened or has otherwise been made known to the
      obligee thereof or whether litigation has been commenced for such
      claims) are those, listed on Schedule 1, which sets forth
      such information separately for each Grantor.
    

    
      
        

        

      

      
        
          10
        

        
          

        

      

      
        

        

      

    

    
      Section 4.9  Specific Collateral.  None of the
      Collateral is or is proceeds or products of farm products, as-extracted
      collateral, health-care-insurance receivables or timber to be cut.
    

    
      Section 4.10  Omitted.
    

    
      Section 4.11  Representations and Warranties of the Credit
      Agreement.  The representations and warranties as to such Grantor
      and its Subsidiaries made by the Borrower in Article IV
      (Representations and Warranties) of the Credit Agreement are true and
      correct as required by Section 3.1(h) of the Credit
      Agreement.
    

    
      ARTICLE V 
COVENANTS
    

    
      Each Grantor agrees with the Primary Administrative Agent to the
      following, as long as any Obligation or Commitment remains outstanding
      and, in each case, unless the Required Lenders otherwise consent in
      writing:
    

    
      Section 5.1  Maintenance of Perfected Security Interest;
      Further Documentation and Consents.  (a) Generally.  Such
      Grantor shall (i) not use or permit any Collateral to be used in
      violation of any provision of any Loan Document, any Related Document,
      any Requirement of Law or any policy of insurance covering the
      Collateral and (ii) not enter into any Contractual Obligation or
      undertaking restricting the right or ability of such Grantor or the
      Primary Administrative Agent or the Collateral Agent to Sell any
      Collateral if such restriction would have a Material Adverse Effect.
    

    
      (b)  Such Grantor shall maintain the security interest created by this
      Agreement as a perfected security interest (other than to the extent
      filings in foreign intellectual property offices are required to perfect
      security interests in any foreign Intellectual Property) having at least
      the priority described in Section 4.2 and shall defend such
      security interest and such priority against the claims and demands of
      all Persons.
    

    
      (c)  Pursuant to Section 6.1(e) of the Credit
      Agreement, such Grantor shall furnish to the Primary Administrative
      Agent from time to time statements and schedules further identifying and
      describing the Collateral and such other documents in connection with
      the Collateral as the Primary Administrative Agent may reasonably
      request, all in reasonable detail and in form and substance reasonably
      satisfactory to the Primary Administrative Agent.
    

    
      (d)  At any time and from time to time, upon the written request of the
      Primary Administrative Agent, such Grantor shall, for the purpose of
      obtaining or preserving the full benefits of this Agreement and of the
      rights and powers herein granted, (i) promptly and duly execute and
      deliver, and have recorded, such further documents, including an
      authorization to file (or, as applicable, the filing) of any financing
      statement or amendment under the UCC (or other filings under similar
      Requirements of Law) in effect in any jurisdiction with respect to the
      security interest created hereby and (ii) take such further action as
      the Primary Administrative Agent may reasonably request, including
      (A) using its commercially reasonable efforts to secure all approvals
      necessary or appropriate for the assignment to or for the benefit of the
      Administrative Agent and Collateral Agent of any Contractual Obligation,
      including any IP License, held by such Grantor and to enforce the
      security interests granted hereunder and (B) executing and delivering
      any Control Agreements with respect to deposit accounts and securities
      accounts.
    

    
      
        

        

      

      
        
          11
        

        
          

        

      

      
        

        

      

    

    
      (e)  If requested by the Primary Administrative Agent, the Grantor shall
      arrange for the Administrative Agent and Collateral Agent’s security
      interest to be noted on the certificate of title of each Vehicle and
      shall file any other necessary documentation in each jurisdiction that
      the Primary Administrative Agent shall deem advisable to perfect the
      Administrative Agent and Collateral Agent’s security interests in any
      such Vehicle.
    

    
      (f)  To ensure that any of the Excluded Property set forth in clause (ii)
      of the definition of “Excluded Property” becomes part of the Collateral,
      such Grantor shall use its commercially reasonable efforts to obtain any
      required consents from any Person other than the Borrower and its
      Affiliates with respect to any permit or license or any Contractual
      Obligation , with such Person entered into by such Grantor that requires
      such consent as a condition to the creation by such Grantor of a Lien on
      any right, title or interest in such permit, license or Contractual
      Obligation or any Stock or Stock Equivalent related thereto.
    

    
      Section 5.2  Changes in Locations, Name, Etc.  Except
      upon 15 days’ prior written notice to the Primary Administrative Agent
      and delivery to the Primary Administrative Agent of (a) all documents
      reasonably requested by the Primary Administrative Agent to maintain the
      validity, perfection and priority of the security interests provided for
      herein and (b) if applicable, a written supplement to Schedule 4
      showing any additional locations at which inventory or equipment shall
      be kept, such Grantor shall not do any of the following:
    

    
      (i)  permit any inventory or equipment to be kept at a location other
      than those listed on Schedule 4, except for inventory or
      equipment in transit;
    

    
      (ii)  change its jurisdiction of organization or its location, in each
      case from that referred to in Section 4.3; or
    

    
      (iii)  change its legal name or organizational identification number, if
      any, or corporation, limited liability company, partnership or other
      organizational structure to such an extent that any financing statement
      filed in connection with this Agreement would become misleading.
    

    
      Section 5.3  Pledged Collateral.  (a) Delivery
      of Pledged Collateral.  Such Grantor shall (i) deliver to the
      Administrative Agent and Collateral Agent, in suitable form for transfer
      and in form and substance reasonably satisfactory to the Primary
      Administrative Agent, (A) all Pledged Certificated Stock, (B) all
      Pledged Debt Instruments and (C) all certificates and instruments
      evidencing Pledged Investment Property and (ii) maintain all other
      Pledged Investment Property in a Controlled Securities Account.
    

    
      (b)  Event of Default.  Subject to the rights of the
      Revolving Credit Administrative Agent in such Collateral, during the
      continuance of an Event of Default, the Administrative Agent and
      Collateral Agent shall have the right, at any time in its discretion and
      without notice to the Grantor, to (i) transfer to or to register in its
      name or in the name of its nominees any Pledged Collateral or any
      Pledged Investment Property and (ii) exchange any certificate or
      instrument representing or evidencing any Pledged Collateral or any
      Pledged Investment Property for certificates or instruments of smaller
      or larger denominations.
    

    
      
        

        

      

      
        
          12
        

        
          

        

      

      
        

        

      

    

    
      (c)  Cash Distributions with respect to Pledged Collateral.  Except
      as provided in Article VI, such Grantor shall be entitled to
      receive all cash distributions paid in respect of the Pledged Collateral.
    

    
      (d)  Voting Rights.  Except as provided in Article VI,
      such Grantor shall be entitled to exercise all voting, consent and
      corporate, partnership, limited liability company and similar rights
      with respect to the Pledged Collateral; provided, however,
      that no vote shall be cast, consent given or right exercised or other
      action taken by such Grantor that would impair the Collateral or be
      inconsistent with or result in any violation of any provision of any
      Loan Document.
    

    
      Section 5.4  Accounts.  (a) Such Grantor shall not,
      other than in the ordinary course of business, (i) grant any extension
      of the time of payment of any account, (ii) compromise or settle any
      account for less than the full amount thereof, (iii) release, wholly or
      partially, any Person liable for the payment of any account, (iv) allow
      any credit or discount on any account or (v) amend, supplement or modify
      any account in any manner that could adversely affect the value thereof.
    

    
      (b)  Omitted.
    

    
      Section 5.5  Commodity Contracts.  Such Grantor shall
      not have any commodity contract other than with a Person reasonably
      approved by the Primary Administrative Agent and subject to a Control
      Agreement.
    

    
      Section 5.6  Delivery of Instruments and Tangible Chattel
      Paper and Control of Investment Property, Letter-of-Credit Rights and
      Electronic Chattel Paper.  (a) If any amount in excess of $100,000
      individually or $250,000 in the aggregate payable under or in connection
      with any Collateral owned by such Grantor shall be or become evidenced
      by an instrument or tangible chattel paper other than such instrument
      delivered in accordance with Section 5.3(a) and in the
      possession of the Administrative Agent and Collateral Agent, such
      Grantor shall mark all such instruments and tangible chattel paper with
      the following legend:  “This writing and the obligations evidenced or
      secured hereby are subject to the security interest of General Electric
      Capital Corporation, as Administrative Agent and Collateral Agent” and,
      at the request of the Primary Administrative Agent, shall promptly
      deliver such instrument or tangible chattel paper to the Administrative
      Agent and Collateral Agent, duly indorsed in a manner reasonably
      satisfactory to the Primary Administrative Agent.
    

    
      (b)  Such Grantor shall not grant “control” (within the meaning of such
      term under Article 9-106 of the UCC) over any investment property to any
      Person other than the Administrative Agent and Collateral Agent and the
      Revolving Credit Administrative Agent.
    

    
      (c)  If such Grantor is or becomes the beneficiary of a letter of credit
      that is (i) not a supporting obligation of any Collateral and
      (ii) $100,000 individually or $250,000 in the aggregate, such Grantor
      shall promptly, and in any event within 2 Business Days after becoming a
      beneficiary, notify the Primary Administrative Agent thereof and enter
      into a Contractual Obligation with the Administrative Agent and
      Collateral Agent, the issuer of such letter of credit or any nominated
      person with respect to the letter-of-credit rights under such letter of
      credit.  Such Contractual Obligation shall assign such letter-of-credit
      rights to the Administrative Agent and Collateral Agent and such
      assignment shall be sufficient to grant control for the purposes of
      Section 9-107 of the UCC (or any similar section under any equivalent
      UCC).  Such Contractual Obligation shall also direct all payments
      thereunder to a Cash Collateral Account.  The provisions of the
      Contractual Obligation shall be in form and substance reasonably
      satisfactory to the Primary Administrative Agent.
    

    
      
        

        

      

      
        
          13
        

        
          

        

      

      
        

        

      

    

    
      (d)  If any amount in excess of $100,000 individually or $250,000 in the
      aggregate in the aggregate payable under or in connection with any
      Collateral owned by such Grantor shall be or become evidenced by
      electronic chattel paper, such Grantor shall take all steps necessary to
      grant the Administrative Agent and Collateral Agent control of all such
      electronic chattel paper for the purposes of Section 9-105 of the UCC
      (or any similar section under any equivalent UCC) and all “transferable
      records” as defined in each of the Uniform Electronic Transactions Act
      and the Electronic Signatures in Global and National Commerce Act.
    

    
      Section 5.7  Intellectual Property.  (a) Within 60 days
      after any change to Schedule 6 for such Grantor, such
      Grantor shall provide the Primary Administrative Agent notification
      thereof and the applicable short-form intellectual property agreements
      and assignments as described in this Section 5.7(e) and
      other documents that the Primary Administrative Agent reasonably
      requests with respect thereto.
    

    
      (b)  Such Grantor shall (and shall use commercially reasonable efforts
      to cause all its licensees to) (i) (1) continue to use each Trademark
      included in the Material Intellectual Property in order to maintain such
      Trademark in full force and effect with respect to each class of goods
      for which such Trademark is currently used, free from any claim of
      abandonment for non-use, (2) maintain at least the same standards of
      quality of products and services offered under such Trademark as are
      currently maintained, (3) use such Trademark with the appropriate notice
      of registration and all other notices and legends required by applicable
      Requirements of Law, (4) not adopt or use any other Trademark that is
      confusingly similar or a colorable imitation of such Trademark unless
      the Administrative Agent and Collateral Agent shall obtain a perfected
      security interest in such other Trademark pursuant to this Agreement and
      (ii) not knowingly do any act or knowingly omit to do any act whereby
      (w) such Trademark (or any goodwill associated therewith) may become
      destroyed, invalidated, impaired or harmed in any way, (x) any Patent
      included in the Material Intellectual Property may become forfeited,
      misused, unenforceable, abandoned or dedicated to the public, (y) any
      portion of the Copyrights included in the Material Intellectual Property
      may become invalidated, otherwise impaired or fall into the public
      domain or (z) any Trade Secret that is Material Intellectual Property
      may become publicly available or otherwise
      unprotectable.  Notwithstanding the foregoing, nothing in this Section
      or in this Agreement shall be deemed to prevent any Grantor from
      abandoning, forfeiting, dedicating to the public domain, disposing of or
      otherwise terminating any of its Intellectual Property that is not
      included in the Material Intellectual Property if such Grantor
      determines, using its own reasonable business judgment in accordance
      with industry standards, that such Intellectual Property is no longer of
      any commercial value in the conduct of its business.
    

    
      
        

        

      

      
        
          14
        

        
          

        

      

      
        

        

      

    

    
      (c)  Such Grantor shall promptly notify the Primary Administrative Agent
      if it knows, or has reason to know, that any application or registration
      relating to any Material Intellectual Property may become forfeited,
      unenforceable, abandoned or dedicated to the public, or of any adverse
      determination or development regarding the validity or enforceability or
      such Grantor’s ownership of, interest in, right to use, register, own or
      maintain any Material Intellectual Property (including the institution
      of, or any such determination or development in, any proceeding relating
      to the foregoing in any Applicable IP Office, other than with respect to
      ex parte Material Intellectual Property prosecution before an Applicable
      IP Office in the ordinary course).  Such Grantor shall take all actions
      that are reasonably requested by the Primary Administrative Agent to
      maintain and pursue each application (and to obtain the relevant
      registration or recordation) and to maintain each registration and
      recordation included in the Material Intellectual
      Property.  Notwithstanding the foregoing, nothing in this Section or in
      this Agreement shall be deemed to prevent any Grantor from abandoning,
      forfeiting, dedicating to the public domain, disposing of or otherwise
      terminating any of its Intellectual Property that is not included in the
      Material Intellectual Property if such Grantor determines, using its own
      reasonable business judgment in accordance with industry standards, that
      such Intellectual Property is no longer of any commercial value in the
      conduct of its business.
    

    
      (d)  Such Grantor shall not knowingly do any act or knowingly omit to do
      any act to infringe, misappropriate, dilute, violate or otherwise impair
      the Intellectual Property of any other Person.  In the event that any
      Material Intellectual Property of such Grantor is or has been infringed,
      misappropriated, violated, diluted or otherwise impaired by a third
      party, such Grantor shall take such action as it reasonably deems
      appropriate under the circumstances in response thereto, including
      bringing suit for injunctive relief and/or recovering damages therefor.
    

    
      (e)  Such Grantor shall execute and deliver to the Primary
      Administrative Agent in form and substance reasonably acceptable to the
      Primary Administrative Agent and suitable for (i) filing in the
      Applicable IP Office the short-form intellectual property security
      agreements in the form attached hereto as Annex 3 for all
      registered U.S. Copyrights, registered U.S. Trademarks and applications
      therefor, U.S. issued Patents and applications therefor, and exclusive
      IP Licenses with respect to U.S. registered Copyrights of such Grantor
      (together with appropriate supporting documentation as may be reasonably
      requested by, the Primary Administrative Agent).
    

    
      Section 5.8  Notices.  Such Grantor shall promptly
      notify the Primary Administrative Agent in writing of its acquisition of
      any interest hereafter in Collateral that is of a type where a security
      interest or Lien must be or may be registered, recorded or filed under,
      or notice thereof given under, any federal statute or regulation.
    

    
      Section 5.9  Notice of Commercial Tort Claims.  Such
      Grantor agrees that, if it shall acquire any interest in any commercial
      tort claim in excess of $100,000 (whether from another Person or because
      such commercial tort claim shall have come into existence), (i) such
      Grantor shall, promptly upon such acquisition, deliver to the Primary
      Administrative Agent, in each case in form and substance reasonably
      satisfactory to the Primary Administrative Agent, a notice of the
      existence and nature of such commercial tort claim and a supplement to Schedule 1
      containing a description of such commercial tort claim, (ii) Section 3.1
      shall apply to such commercial tort claim and (iii) such Grantor shall
      execute and deliver to the Primary Administrative Agent, in each case in
      form and substance reasonably satisfactory to the Primary Administrative
      Agent, any document, and take all other action, deemed by the Primary
      Administrative Agent to be reasonably necessary for the Administrative
      Agent and Collateral Agent to obtain, on behalf of the Secured Parties,
      a perfected security interest having at least the priority set forth in Section 4.2
      in all such commercial tort claims.  Any supplement to Schedule 1
      delivered pursuant to this Section 5.9 shall, after the
      receipt thereof by the Primary Administrative Agent, become part of Schedule 1
      for all purposes hereunder other than in respect of representations and
      warranties made prior to the date of such receipt.
    

    
      
        

        

      

      
        
          15
        

        
          

        

      

      
        

        

      

    

    
      Section 5.10  Compliance with Credit Agreement.  Such
      Grantor agrees to comply with all covenants and other provisions
      applicable to it under the Credit Agreement, including Sections 2.17
      (Taxes), 11.3 (Costs and Expenses) and 11.4 (Indemnities)
      of the Credit Agreement and agrees to the same submission to
      jurisdiction as that agreed to by the Borrower in the Credit Agreement.
    

    
      ARTICLE VI  
REMEDIAL PROVISIONS
    

    
      Section 6.1  Code and Other Remedies.  (a) UCC
      Remedies.  During the continuance of an Event of Default, the
      Primary Administrative Agent may exercise, directly or through the
      Collateral Agent as the Primary Administrative Agent may determine from
      time to time, in addition to all other rights and remedies granted to it
      in this Agreement and in any other instrument or agreement securing,
      evidencing or relating to any Secured Obligation, all rights and
      remedies of a secured party under the UCC or any other applicable law.
    

    
       (b)  Disposition of Collateral.  Without limiting
      the generality of the foregoing, the Primary Administrative Agent may,
      directly or through the Collateral Agent as the Primary Administrative
      Agent may determine from time to time, without demand of performance or
      other demand, presentment, protest, advertisement or notice of any kind
      (except any notice required by law referred to below) to or upon any
      Grantor or any other Person (all and each of which demands, defenses,
      advertisements and notices are hereby waived to the extent permitted by
      applicable law), during the continuance of any Event of Default
      (personally or through its agents or attorneys), (i) enter upon the
      premises where any Collateral is located, without any obligation to pay
      rent, through self-help, without judicial process, without first
      obtaining a final judgment or giving any Grantor or any other Person
      notice or opportunity for a hearing on the Primary Administrative
      Agent’s claim or action, (ii) collect, receive, appropriate and realize
      upon any Collateral and (iii) Sell, grant option or options to purchase
      and deliver any Collateral (enter into Contractual Obligations to do any
      of the foregoing), in one or more parcels at public or private sale or
      sales, at any exchange, broker’s board or office of any Secured Party or
      elsewhere upon such terms and conditions as it may deem advisable and at
      such prices as it may deem best, for cash or on credit or for future
      delivery without assumption of any credit risk.  The Primary
      Administrative Agent and the Collateral Agent shall each have the right,
      upon any such public sale or sales and, to the extent permitted by the
      UCC and other applicable Requirements of Law, upon any such private
      sale, to purchase the whole or any part of the Collateral so sold, free
      of any right or equity of redemption of any Grantor, which right or
      equity is hereby waived and released.
    

    
      
        

        

      

      
        
          16
        

        
          

        

      

      
        

        

      

    

    
      (c)  Management of the Collateral.  Each Grantor
      further agrees, that, during the continuance of any Event of Default,
      (i) at the Primary Administrative Agent’s request, it shall assemble the
      Collateral and make it available to the Primary Administrative Agent at
      places that the Primary Administrative Agent shall reasonably select,
      whether at such Grantor’s premises or elsewhere, (ii) without limiting
      the foregoing, the Primary Administrative Agent also has the right to
      require that each Grantor store and keep any Collateral pending further
      action by the Primary Administrative Agent and, while any such
      Collateral is so stored or kept, provide such guards and maintenance
      services as shall be necessary to protect the same and to preserve and
      maintain such Collateral in good condition, (iii) until the Primary
      Administrative Agent is able to Sell any Collateral, the Primary
      Administrative Agent shall have the right to hold or use such Collateral
      to the extent that it deems appropriate for the purpose of preserving
      the Collateral or its value or for any other purpose deemed appropriate
      by the Primary Administrative Agent and (iv) the Primary Administrative
      Agent may, if it so elects, seek the appointment of a receiver or keeper
      to take possession of any Collateral and to enforce any of the Primary
      Administrative Agent’s remedies (for the benefit of the Secured
      Parties), with respect to such appointment without prior notice or
      hearing as to such appointment.  Neither the Primary Administrative
      Agent nor the Collateral Agent shall have any obligation to any Grantor
      to maintain or preserve the rights of any Grantor as against third
      parties with respect to any Collateral while such Collateral is in the
      possession of the Primary Administrative Agent or the Collateral Agent.
    

    
      (d)  Application of Proceeds.  The Primary
      Administrative Agent shall apply the cash proceeds of any action taken
      by it pursuant to this Section 6.1, after deducting all
      reasonable costs and expenses of every kind incurred in connection
      therewith or incidental to the care or safekeeping of any Collateral or
      in any way relating to the Collateral or the rights of the Primary
      Administrative Agent and any other Secured Party hereunder, including
      reasonable attorneys’ fees and disbursements, to the payment in whole or
      in part of the Secured Obligations, as set forth in the Credit
      Agreement, and only after such application and after the payment by the
      Primary Administrative Agent of any other amount required by any
      Requirement of Law, need the Primary Administrative Agent account for
      the surplus, if any, to any Grantor.
    

    
       (e)  Direct Obligation.  Neither the Primary
      Administrative Agent nor any other Secured Party shall be required to
      make any demand upon, or pursue or exhaust any right or remedy against,
      any Grantor, any other Loan Party or any other Person with respect to
      the payment of the Obligations or to pursue or exhaust any right or
      remedy with respect to any Collateral therefor or any direct or indirect
      guaranty thereof.  All of the rights and remedies of the Primary
      Administrative Agent and any other Secured Party under any Loan Document
      shall be cumulative, may be exercised individually or concurrently and
      not exclusive of any other rights or remedies provided by any
      Requirement of Law.  To the extent it may lawfully do so, each Grantor
      absolutely and irrevocably waives and relinquishes the benefit and
      advantage of, and covenants not to assert against the Primary
      Administrative Agent, the Collateral Agent or any Lender, any valuation,
      stay, appraisement, extension, redemption or similar laws and any and
      all rights or defenses it may have as a surety, now or hereafter
      existing, arising out of the exercise by them of any rights
      hereunder.  If any notice of a proposed sale or other disposition of any
      Collateral shall be required by law, such notice shall be deemed
      reasonable and proper if given at least 10 days before such sale or
      other disposition.
    

    
      
        

        

      

      
        
          17
        

        
          

        

      

      
        

        

      

    

    
      (f)  Commercially Reasonable.  To the extent that
      applicable Requirements of Law impose duties on the Primary
      Administrative Agent or on the Collateral Agent to exercise remedies in
      a commercially reasonable manner, each Grantor acknowledges and agrees
      that it is not commercially unreasonable for the Primary Administrative
      Agent or the Collateral Agent to do any of the following:
    

    
                 (i)  fail to incur significant costs, expenses or other
      Liabilities reasonably deemed as such by the Primary Administrative
      Agent to prepare any Collateral for disposition or otherwise to complete
      raw material or work in process into finished goods or other finished
      products for disposition;
    

    
                (ii)  fail to obtain Permits, or other consents, for access to
      any Collateral to Sell or for the collection or Sale of any Collateral,
      or, if not required by other Requirements of Law, fail to obtain Permits
      or other consents for the collection or disposition of any Collateral;
    

    
               (iii)  fail to exercise remedies against account debtors or
      other Persons obligated on any Collateral or to remove Liens on any
      Collateral or to remove any adverse claims against any Collateral;
    

    
               (iv)  advertise dispositions of any Collateral through
      publications or media of general circulation, whether or not such
      Collateral is of a specialized nature or to contact other Persons,
      whether or not in the same business as any Grantor, for expressions of
      interest in acquiring any such Collateral;
    

    
                (v)  exercise collection remedies against account debtors and
      other Persons obligated on any Collateral, directly or through the use
      of collection agencies or other collection specialists, hire one or more
      professional auctioneers to assist in the disposition of any Collateral,
      whether or not such Collateral is of a specialized nature or, to the
      extent deemed appropriate by the Primary Administrative Agent, obtain
      the services of other brokers, investment bankers, consultants and other
      professionals to assist the Primary Administrative Agent or the
      Collateral Agent in the collection or disposition of any Collateral, or
      utilize Internet sites that provide for the auction of assets of the
      types included in the Collateral or that have the reasonable capacity of
      doing so, or that match buyers and sellers of assets to dispose of any
      Collateral;
    

    
                (vi)  dispose of assets in wholesale rather than retail
      markets;
    

    
      (vii)  disclaim disposition warranties, such as title, possession or
      quiet enjoyment; or
    

    
               (viii)  purchase insurance or credit enhancements to insure the
      Primary Administrative Agent and the Collateral Agent against risks of
      loss, collection or disposition of any Collateral or to provide to the
      Primary Administrative Agent or the Collateral Agent a guaranteed return
      from the collection or disposition of any Collateral.
    

    
      
        

        

      

      
        
          18
        

        
          

        

      

      
        

        

      

    

    
      Each Grantor acknowledges that the purpose of this Section 6.1
      is to provide a non-exhaustive list of actions or omissions that are
      commercially reasonable when exercising remedies against any Collateral
      and that other actions or omissions by the Secured Parties shall not be
      deemed commercially unreasonable solely on account of not being
      indicated in this Section 6.1.  Without limitation upon the
      foregoing, nothing contained in this Section 6.1 shall be
      construed to grant any rights to any Grantor or to impose any duties on
      the Primary Administrative Agent or on the Collateral Agent that would
      not have been granted or imposed by this Agreement or by applicable
      Requirements of Law in the absence of this Section 6.1.
    

    
      (g)  IP Licenses.  For the purpose of enabling the
      Primary Administrative Agent and the Collateral Agent to exercise rights
      and remedies under this Section 6.1 and solely during the
      continuance of an Event of Default (including in order to take
      possession of, collect, receive, assemble, process, appropriate, remove,
      realize upon, Sell or grant options to purchase any Collateral) at such
      time as the Primary Administrative Agent or the Collateral Agent shall
      be lawfully entitled to exercise such rights and remedies, each Grantor
      hereby grants to each of the Primary Administrative Agent and the
      Collateral Agent, for the benefit of the Secured Parties and to the
      extent of such Grantor’s rights therein and to the extent permitted by
      the applicable licenses or other agreements related thereto, (i) an
      irrevocable (until termination of this Agreement in accordance with its
      terms), nonexclusive, worldwide license (exercisable without payment of
      royalty or other compensation to such Grantor), subject, in the case of
      U.S. Trademarks, to Administrative Agent maintaining, or causing to be
      maintained, the quality of the respective goods and services associated
      with the use of the U.S. Trademarks at least the same level maintained
      by Grantor immediately prior to the Event of Default to avoid the risk
      of invalidation of such Trademarks, to use and practice and sublicense
      any Intellectual Property now owned or hereafter acquired by such
      Grantor and to access all media in which any of the licensed items may
      be recorded or stored and all Software and programs used for the
      compilation or printout thereof (to the extent such Grantor is permitted
      to grant such access under the applicable licenses or other agreements
      related thereto) and (ii) an irrevocable license (without payment of
      rent or other compensation to such Grantor) to use, operate and occupy
      all real property owned, operated, leased, subleased or otherwise
      occupied by such Grantor.
    

    
      Section 6.2  Accounts and Payments in Respect of General
      Intangibles.  (a) In addition to, and not in substitution for, any
      similar requirement in the Credit Agreement, if required by the Primary
      Administrative Agent at any time during the continuance of an Event of
      Default, any payment of accounts or payment in respect of general
      intangibles, when collected by any Grantor, shall be promptly (and, in
      any event, within 2 Business Days) deposited by such Grantor in the
      exact form received, duly indorsed by such Grantor to the Primary
      Administrative Agent, in a Cash Collateral Account, subject to
      withdrawal by the Primary Administrative Agent as provided in Section 6.4.  Until
      so turned over, such payment shall be held by such Grantor in trust for
      the Primary Administrative Agent, segregated from other funds of such
      Grantor.  Each such deposit of proceeds of accounts and payments in
      respect of general intangibles shall be accompanied by a report
      identifying in reasonable detail the nature and source of the payments
      included in the deposit.
    

    
      (b)  At any time during the continuance of an Event of Default:
    

    
      
        

        

      

      
        
          19
        

        
          

        

      

      
        

        

      

    

    
      (i)  each Grantor shall, upon the Primary Administrative Agent’s
      request, deliver to the Primary Administrative Agent (or, if so directed
      by the Primary Administrative Agent, the Collateral Agent) all original
      and other documents evidencing, and relating to, the Contractual
      Obligations and transactions that gave rise to any account or any
      payment in respect of general intangibles, including all original
      orders, invoices and shipping receipts and notify account debtors that
      the accounts or general intangibles have been collaterally assigned to
      the Collateral Agent and Administrative Agent and that payments in
      respect thereof shall be made directly to the Primary Administrative
      Agent (or, if so directed by the Primary Administrative Agent, the
      Collateral Agent); and
    

    
      (ii)  the Primary Administrative Agent may, without notice, at any time
      during the continuance of an Event of Default, limit or terminate the
      authority of a Grantor to collect its accounts or amounts due under
      general intangibles or any thereof and, in its own name or in the name
      of others, communicate with account debtors to verify with them to the
      Primary Administrative Agent’s satisfaction the existence, amount and
      terms of any account or amounts due under any general intangible.  In
      addition, the Primary Administrative Agent may at any time enforce such
      Grantor’s rights against such account debtors and obligors of general
      intangibles.
    

    
      (c)  Anything herein to the contrary notwithstanding, each Grantor shall
      remain liable under each account and each payment in respect of general
      intangibles to observe and perform all the conditions and obligations to
      be observed and performed by it thereunder, all in accordance with the
      terms of any agreement giving rise thereto.  No Secured Party shall have
      any obligation or liability under any agreement giving rise to an
      account or a payment in respect of a general intangible by reason of or
      arising out of any Loan Document or the receipt by any Secured Party of
      any payment relating thereto, nor shall any Secured Party be obligated
      in any mariner to perform any obligation of any Grantor under or
      pursuant to any agreement giving rise to an account or a payment in
      respect of a general intangible, to make any payment, to make any
      inquiry as to the nature or the sufficiency of any payment received by
      it or as to the sufficiency of any performance by any party thereunder,
      to present or file any claim, to take any action to enforce any
      performance or to collect the payment of any amounts that may have been
      assigned to it or to which it may be entitled at any time or times.
    

    
      Section 6.3  Pledged Collateral.  (a) Voting
      Rights.  During the continuance of an Event of Default, upon notice
      by the Primary Administrative Agent to the relevant Grantor or Grantors,
      the Primary Administrative Agent or its nominee may exercise (A) any
      voting, consent, corporate and other right pertaining to the Pledged
      Collateral at any meeting of shareholders, partners or members, as the
      case may be, of the relevant issuer or issuers of Pledged Collateral or
      otherwise and (B) any right of conversion, exchange and subscription and
      any other right, privilege or option pertaining to the Pledged
      Collateral as if it were the absolute owner thereof (including the right
      to exchange at its discretion any Pledged Collateral upon the merger,
      amalgamation, consolidation, reorganization, recapitalization or other
      fundamental change in the corporate or equivalent structure of any
      issuer of Pledged Stock, the right to deposit and deliver any Pledged
      Collateral with any committee, depositary, transfer agent, registrar or
      other designated agency upon such terms and conditions as the Primary
      Administrative Agent may determine), all without liability except to
      account for property actually received by it; provided, however,
      that the Primary Administrative Agent shall have no duty to any Grantor
      to exercise any such right, privilege or option and shall not be
      responsible for any failure to do so or delay in so doing.
    

    
      
        

        

      

      
        
          20
        

        
          

        

      

      
        

        

      

    

    
      (b)  Proxies.  In order to permit the Primary
      Administrative Agent to exercise the voting and other consensual rights
      that it may be entitled to exercise pursuant hereto and to receive all
      dividends and other distributions that it may be entitled to receive
      hereunder, (i) each Grantor shall promptly execute and deliver (or cause
      to be executed and delivered) to the Primary Administrative Agent all
      such proxies, dividend payment orders and other instruments as the
      Primary Administrative Agent may from time to time reasonably request
      and (ii) without limiting the effect of clause (i)
      above, such Grantor hereby grants to the Primary Administrative Agent an
      irrevocable proxy to vote all or any part of the Pledged Collateral and
      to exercise all other rights, powers, privileges and remedies to which a
      holder of the Pledged Collateral would be entitled (including giving or
      withholding written consents of shareholders, partners or members, as
      the case may be, calling special meetings of shareholders, partners or
      members, as the case may be, and voting at such meetings), which proxy
      shall be effective, automatically and without the necessity of any
      action (including any transfer of any Pledged Collateral on the record
      books of the issuer thereof) by any other person (including the issuer
      of such Pledged Collateral or any officer or agent thereof) during the
      continuance of an Event of Default and which proxy shall only terminate
      upon the payment in full of the Secured Obligations.
    

    
      (c)  Authorization of Issuers.  Each Grantor hereby
      expressly irrevocably authorizes and instructs, without any further
      instructions from such Grantor, each issuer of any Pledged Collateral
      pledged hereunder by such Grantor to (i) comply with any instruction
      received by it from the Primary Administrative Agent in writing that
      states that an Event of Default is continuing and is otherwise in
      accordance with the terms of this Agreement and each Grantor agrees that
      such issuer shall be fully protected from Liabilities to such Grantor in
      so complying and (ii) unless otherwise expressly permitted hereby, pay
      any dividend or make any other payment with respect to the Pledged
      Collateral directly to the Primary Administrative Agent.
    

    
      Section 6.4  Proceeds to be Turned over to and Held by
      Administrative Agent.  Unless otherwise expressly provided in the
      Credit Agreement or this Security Agreement or the Intercreditor
      Agreement, during the continuance of an Event of Default, all proceeds
      of any Collateral received by any Grantor hereunder in cash or Cash
      Equivalents shall be held by such Grantor in trust for the Primary
      Administrative Agent and the other Secured Parties, segregated from
      other funds of such Grantor, and shall, promptly upon receipt by any
      Grantor, be turned over to the Primary Administrative Agent in the exact
      form received (with any necessary endorsement) (or, if so directed by
      the Primary Administrative Agent, to the Collateral Agent).  All such
      proceeds of Collateral and any other proceeds of any Collateral received
      by the Primary Administrative Agent or the Collateral Agent in cash or
      Cash Equivalents shall be held by the Primary Administrative Agent or
      the Collateral Agent in a Cash Collateral Account.  All proceeds being
      held by the Primary Administrative Agent or the Collateral Agent in a
      Cash Collateral Account (or by such Grantor in trust for the Primary
      Administrative Agent or the Collateral Agent) shall continue to be held
      as collateral security for the Secured Obligations and shall not
      constitute payment thereof until applied as provided in the Credit
      Agreement.
    

    
      
        

        

      

      
        
          21
        

        
          

        

      

      
        

        

      

    

    
      Section 6.5  Registration Rights.  (a) If, in the
      opinion of the Primary Administrative Agent, it is necessary or
      advisable to Sell any portion of the Pledged Collateral by registering
      such Pledged Collateral under the provisions of the Securities Act of
      1933 (the “Securities Act”), each relevant Grantor shall
      cause the issuer thereof to do or cause to be done all acts as may be,
      in the opinion of the Primary Administrative Agent, necessary or
      advisable to register such Pledged Collateral or that portion thereof to
      be Sold under the provisions of the Securities Act, all as directed by
      the Primary Administrative Agent in conformity with the requirements of
      the Securities Act and the rules and regulations of the Securities and
      Exchange Commission applicable thereto and in compliance with the
      securities or “Blue Sky” laws of any jurisdiction that the Primary
      Administrative Agent shall designate.
    

    
      (b)  Each Grantor recognizes that the Primary Administrative Agent may
      be unable to effect a public sale of any Pledged Collateral by reason of
      certain prohibitions contained in the Securities Act and applicable
      state or foreign securities laws or otherwise or may determine that a
      public sale is impracticable, not desirable or not commercially
      reasonable and, accordingly, may resort to one or more private sales
      thereof to a restricted group of purchasers that shall be obliged to
      agree, among other things, to acquire such securities for their own
      account for investment and not with a view to the distribution or resale
      thereof.  Each Grantor acknowledges and agrees that any such private
      sale may result in prices and other terms less favorable than if such
      sale were a public sale and, notwithstanding such circumstances, agrees
      that any such private sale shall be deemed to have been made in a
      commercially reasonable manner.  The Primary Administrative Agent shall
      be under no obligation to delay a sale of any Pledged Collateral for the
      period of time necessary to permit the issuer thereof to register such
      securities for public sale under the Securities Act or under applicable
      state securities laws even if such issuer would agree to do so.
    

    
      (c)  Each Grantor agrees to use its best efforts to do or cause to be
      done all such other acts as may be necessary to make such sale or sales
      of any portion of the Pledged Collateral pursuant to this Section 6.5
      valid and binding and in compliance with all applicable Requirements of
      Law.  Each Grantor further agrees that a breach of any covenant
      contained in this Section 6.5 will cause irreparable injury
      to the Primary Administrative Agent, the Collateral Agent and other
      Secured Parties, that the Primary Administrative Agent, the Collateral
      Agent and the other Secured Parties have no adequate remedy at law in
      respect of such breach and, as a consequence, that each and every
      covenant contained in this Section 6.5 shall be specifically
      enforceable against such Grantor, and such Grantor hereby waives and
      agrees not to assert any defense against an action for specific
      performance of such covenants except for a defense that no Event of
      Default has occurred under the Credit Agreement or that such Event of
      Default has been cured or waived.
    

    
      Section 6.6  Deficiency.  Each Grantor shall remain
      liable for any deficiency if the proceeds of any sale or other
      disposition of any Collateral are insufficient to pay the Secured
      Obligations and the fees and disbursements of any attorney employed by
      the Primary Administrative Agent, the Collateral Agent or any other
      Secured Party to collect such deficiency.
    

    
      
        

        

      

      
        
          22
        

        
          

        

      

      
        

        

      

    

    
      ARTICLE VII  
THE ADMINISTRATIVE AGENT
    

    
      Section 7.1  Administrative Agent’s Appointment as
      Attorney-in-Fact.  (a) Each Grantor hereby irrevocably constitutes
      and appoints the Primary Administrative Agent, the Collateral Agent and
      any Related Person thereof, with full power of substitution, as its true
      and lawful attorney-in-fact with full irrevocable power and authority in
      the place and stead of such Grantor and in the name of such Grantor or
      in its own name, for the purpose of carrying out the terms of the Loan
      Documents, directly or through the Collateral Agent as the Primary
      Administrative Agent (or, at the direction of the Primary Administrative
      Agent, the Collateral Agent) may determine from time to time, to take
      any appropriate action and to execute any document or instrument that
      may be necessary or desirable to accomplish the purposes of the Loan
      Documents, and, without limiting the generality of the foregoing, each
      Grantor hereby gives the Primary Administrative Agent and its Related
      Persons the power and right, on behalf of such Grantor, without notice
      to or assent by such Grantor, directly or through the Collateral Agent
      as the Primary Administrative Agent may determine from time to time, to
      do any of the following when an Event of Default shall be continuing:
    

    
      (i)  in the name of such Grantor, in its own name or otherwise, take
      possession of and indorse and collect any check, draft, note, acceptance
      or other instrument for the payment of moneys due under any account or
      general intangible or with respect to any other Collateral and file any
      claim or take any other action or proceeding in any court of law or
      equity or otherwise deemed appropriate by the Primary Administrative
      Agent for the purpose of collecting any such moneys due under any
      account or general intangible or with respect to any other Collateral
      whenever payable;
    

    
      (ii)  in the case of any Intellectual Property included in the
      Collateral, execute, deliver and have recorded any document that the
      Primary Administrative Agent or the Collateral Agent may reasonably
      request to evidence, effect, publicize or record the Administrative
      Agent and Collateral Agent’s security interest in such Intellectual
      Property and the goodwill and general intangibles of such Grantor
      relating thereto or represented thereby;
    

    
      (iii)  pay or discharge taxes and Liens levied or placed on or
      threatened against any Collateral, effect any repair or pay any
      insurance called for by the terms of the Credit Agreement (including all
      or any part of the premiums therefor and the costs thereof);
    

    
      (iv)  execute, in connection with any sale provided for in Section 6.1
      or Section 6.5, any document to effect or otherwise
      necessary or appropriate in relation to evidence the Sale of any
      Collateral; or
    

    
      (v)  (A) direct any party liable for any payment under any Collateral to
      make payment of any moneys due or to become due thereunder directly to
      the Primary Administrative Agent or as the Primary Administrative Agent
      shall direct, (B) ask or demand for, and collect and receive payment of
      and receipt for, any moneys, claims and other amounts due or to become
      due at any time in respect of or arising out of any Collateral, (C) sign
      and indorse any invoice, freight or express bill, bill of lading,
      storage or warehouse receipt, draft against debtors, assignment,
      verification, notice and other document in connection with any
      Collateral, (D) commence and prosecute any suit, action or proceeding at
      law or in equity in any court of competent jurisdiction to collect any
      Collateral and to enforce any other right in respect of any Collateral,
      (E) defend any actions, suits, proceedings, audits, claims, demands,
      orders or disputes brought against such Grantor with respect to any
      Collateral, (F) settle, compromise or adjust any such actions, suits,
      proceedings, audits, claims, demands, orders or disputes and, in
      connection therewith, give such discharges or releases as the Primary
      Administrative Agent may reasonably deem appropriate, (G) assign any
      Intellectual Property (including any IP Licenses) included in the
      Collateral (to the extent permitted under the applicable licenses) on
      such terms and conditions and in such manner as the Primary
      Administrative Agent shall in its sole discretion determine, including
      the execution and filing of any document necessary to effectuate or
      record such assignment and (H) generally, Sell, grant a Lien on, make
      any Contractual Obligation with respect to and otherwise deal with, any
      Collateral as fully and completely as though the Primary Administrative
      Agent were the absolute owner thereof for all purposes and do, at the
      Primary Administrative Agent’s option, at any time or from time to time,
      all acts and things that the Primary Administrative Agent reasonably
      deems necessary to protect, preserve or realize upon any Collateral and
      the Secured Parties’ security interests therein and to effect the intent
      of the Loan Documents, all as fully and effectively as such Grantor
      might do.
    

    
      
        

        

      

      
        
          23
        

        
          

        

      

      
        

        

      

    

    
      (b)  If any Grantor fails to perform or comply with any Contractual
      Obligation contained herein, the Primary Administrative Agent, at its
      option, but without any obligation so to do, may perform or comply, or
      otherwise cause performance or compliance, with such Contractual
      Obligation.
    

    
      (c)  The expenses of the Primary Administrative Agent and of the
      Collateral Agent incurred in connection with actions undertaken as
      provided in this Section 7.1, together with interest thereon
      at a rate set forth in Section 2.9 (Interest) of the
      Credit Agreement, from the date of payment by the Primary Administrative
      Agent or the Collateral Agent to the date reimbursed by the relevant
      Grantor, shall be payable by such Grantor to the Primary Administrative
      Agent or the Collateral Agent, as applicable, on demand.
    

    
      (d)  Each Grantor hereby ratifies all that said attorneys shall lawfully
      do or cause to be done by virtue of this Section 7.1.  All
      powers, authorizations and agencies contained in this Agreement are
      coupled with an interest and are irrevocable until this Agreement is
      terminated and the security interests created hereby are released.
    

    
      Section 7.2  Authorization to File Financing Statements.  Each
      Grantor authorizes the Primary Administrative Agent, the Collateral
      Agent and their Related Persons, at any time and from time to time, to
      file or record financing statements, amendments thereto, and other
      filing or recording documents or instruments with respect to any
      Collateral in such form and in such offices as the Primary
      Administrative Agent reasonably determines appropriate to perfect the
      security interests of the Administrative Agent and Collateral Agent
      under this Agreement, and such financing statements and amendments may
      describe the Collateral covered thereby as “all assets of the
      debtor”.  A photographic or other reproduction of this Agreement shall
      be sufficient as a financing statement or other filing or recording
      document or instrument for filing or recording in any
      jurisdiction.  Such Grantor also hereby ratifies its authorization for
      the Primary Administrative Agent and the Collateral Agent to have filed
      any initial financing statement or amendment thereto under the UCC (or
      other similar laws) in effect in any jurisdiction if filed prior to the
      date hereof.
    

    
      
        

        

      

      
        
          24
        

        
          

        

      

      
        

        

      

    

    
      Section 7.3  Authority of Administrative Agent.  Each
      Grantor acknowledges that the rights and responsibilities of the Primary
      Administrative Agent and the Collateral Agent under this Agreement with
      respect to any action taken by the Primary Administrative Agent or the
      Collateral Agent or the exercise or non-exercise by the Primary
      Administrative Agent or the Collateral Agent of any option, voting
      right, request, judgment or other right or remedy provided for herein or
      resulting or arising out of this Agreement shall, as between the Primary
      Administrative Agent or the Collateral Agent, as the case may be, and
      the other Secured Parties, be governed by the Credit Agreement and by
      such other agreements with respect thereto as may exist from time to
      time among them, but, as between the Primary Administrative Agent and
      the Collateral Agent, on the one hand, and the Grantors, on the other
      hand, the Primary Administrative Agent or the Collateral Agent, as the
      case may be, shall be conclusively presumed to be acting as agent for
      the Secured Parties with full and valid authority so to act or refrain
      from acting, and no Grantor shall be under any obligation or entitlement
      to make any inquiry respecting such authority.
    

    
      Section 7.4  Duty; Obligations and Liabilities.  (a) Duty
      of Administrative Agent and Collateral Agent.  The Primary
      Administrative Agent’s and the Collateral Agent’s sole duty with respect
      to the custody, safekeeping and physical preservation of the Collateral
      in its possession shall be to deal with it in the same manner as the
      Primary Administrative Agent or Collateral Agent, as applicable, deals
      with similar property for its own account.  The powers conferred on the
      Administrative Agent and Collateral Agent hereunder are solely to
      protect the Primary Administrative Agent’s and the Collateral Agent’s
      interest in the Collateral and shall not impose any duty upon the
      Primary Administrative Agent or upon the Collateral Agent to exercise
      any such powers.  Each of the Primary Administrative Agent and the
      Collateral Agent shall be accountable only for amounts that it receives
      as a result of the exercise of such powers, and neither it nor any of
      its Related Persons shall be responsible to any Grantor for any act or
      failure to act hereunder, except for their own gross negligence, bad
      faith or willful misconduct, as determined by a court of competent
      jurisdiction in a final, non-appealable judgment or order.  In addition,
      neither the Primary Administrative Agent nor the Collateral Agent shall
      be liable or responsible for any loss or damage to any Collateral, or
      for any diminution in the value thereof, by reason of the act or
      omission of any warehousemen, carrier, forwarding agency, consignee or
      other bailee if such Person has been selected by the Primary
      Administrative Agent or by the Collateral Agent, as applicable, in good
      faith.
    

    
      (b)  Obligations and Liabilities with respect to Collateral.  No
      Secured Party and no Related Person thereof shall be liable for failure
      to demand, collect or realize upon any Collateral or for any delay in
      doing so or shall be under any obligation to sell or otherwise dispose
      of any Collateral upon the request of any Grantor or any other Person or
      to take any other action whatsoever with regard to any Collateral.  The
      powers conferred on the Primary Administrative Agent and on the
      Collateral Agent hereunder shall not impose any duty upon any other
      Secured Party to exercise any such powers.  The other Secured Parties
      shall be accountable only for amounts that they actually receive as a
      result of the exercise of such powers, and neither they nor any of their
      respective officers, directors, employees or agents shall be responsible
      to any Grantor for any act or failure to act hereunder, except for their
      own gross negligence, bad faith or willful misconduct, as determined by
      a court of competent jurisdiction in a final, non-appealable judgment or
      order.
    

    
      
        

        

      

      
        
          25
        

        
          

        

      

      
        

        

      

    

    
      (c)  Delegation of Duties.  The Primary Administrative
      Agent may delegate in writing the exercise of any of its rights herein
      to the Collateral Agent to the extent the exercise of such rights is
      within the capacity of the Collateral Agent as set forth in Section
      10.1(b) of the Credit Agreement.  The Collateral Agent may delegate
      the exercise of any of its rights herein to another Person to the extent
      provided in Section 10.4 of the Credit Agreement.
    

    
      ARTICLE VIII  
MISCELLANEOUS
    

    
      Section 8.1  Reinstatement.  Each Grantor agrees that,
      if any payment made by any Loan Party or other Person and applied to the
      Secured Obligations is at any time annulled, avoided, set aside,
      rescinded, invalidated, declared to be fraudulent or preferential or
      otherwise required to be refunded or repaid, or the proceeds of any
      Collateral are required to be returned by any Secured Party to such Loan
      Party, its estate, trustee, receiver or any other party, including any
      Grantor, under any bankruptcy law, state or federal law, common law or
      equitable cause, then, to the extent of such payment or repayment, any
      Lien or other Collateral securing such liability shall be and remain in
      full force and effect, as fully as if such payment had never been
      made.  If, prior to any of the foregoing, (a) any Lien or other
      Collateral securing such Grantor’s liability hereunder shall have been
      released or terminated by virtue of the foregoing or (b) any provision
      of the Guaranty hereunder shall have been terminated, cancelled or
      surrendered, such Lien, other Collateral or provision shall be
      reinstated in full force and effect and such prior release, termination,
      cancellation or surrender shall not diminish, release, discharge, impair
      or otherwise affect the obligations of any such Grantor in respect of
      any Lien or other Collateral securing such obligation or the amount of
      such payment.
    

    
      Section 8.2  Release of Collateral.  (a) At the time
      provided in clause (b)(iii) of Section 10.10 (Release
      of Collateral or Guarantors) of the Credit Agreement, the Collateral
      shall be released from the Lien created hereby and this Agreement and
      all obligations (other than those expressly stated to survive such
      termination) of the Primary Administrative Agent, the Collateral Agent
      and each Grantor hereunder shall terminate, all without delivery of any
      instrument or performance of any act by any party, and all rights to the
      Collateral shall revert to the Grantors.  Each Grantor is hereby
      authorized to file UCC amendments and such other necessary filings at
      such time evidencing the termination of the Liens so released.  At the
      request of any Grantor following any such termination, the
      Administrative Agent and Collateral Agent shall deliver to such Grantor
      any Collateral of such Grantor held by the Administrative Agent and
      Collateral Agent hereunder and execute and deliver to such Grantor such
      documents as such Grantor shall reasonably request to evidence such
      termination.
    

    
      
        

        

      

      
        
          26
        

        
          

        

      

      
        

        

      

    

    
      (b)  If the Primary Administrative Agent or the Collateral Agent shall
      be directed or permitted pursuant to clause (i) or (ii)
      of Section 10.10(b) of the Credit Agreement to release any
      Lien or any Collateral, such Collateral shall be released from the Lien
      created hereby to the extent provided under, and subject to the terms
      and conditions set forth in, such clauses (i) and (ii).  In
      connection therewith, the Administrative Agent and Collateral Agent, at
      the request of any Grantor, shall execute and deliver to such Grantor
      such documents as such Grantor shall reasonably request to evidence such
      release.
    

    
      (c)  At the time provided in Section 10.10(a) of
      the Credit Agreement and at the request of the Borrower, a Grantor shall
      be released from its obligations hereunder in the event that all the
      Securities of such Grantor shall be Sold to any Person that is not an
      Affiliate of the Borrower and the Subsidiaries of the Borrower in a
      transaction permitted by the Loan Documents.
    

    
      Section 8.3  Independent Obligations.  The obligations
      of each Grantor hereunder are independent of and separate from the
      Secured Obligations and the Guaranteed Obligations.  If any Secured
      Obligation or Guaranteed Obligation is not paid when due, or during the
      continuance of any Event of Default, the Primary Administrative Agent
      may (directly or through the Collateral Agent), at its sole election,
      proceed directly and at once, without notice, against any Grantor and
      any Collateral to collect and recover the full amount of any Secured
      Obligation or Guaranteed Obligation then due, without first proceeding
      against any other Grantor, any other Loan Party or any other Collateral
      and without first joining any other Grantor or any other Loan Party in
      any proceeding.
    

    
      Section 8.4  No Waiver by Course of Conduct.  No
      Secured Party shall by any act (except by a written instrument pursuant
      to Section 8.6), delay, indulgence, omission or otherwise be
      deemed to have waived any right or remedy hereunder or to have
      acquiesced in any Default or Event of Default.  No failure to exercise,
      nor any delay in exercising, on the part of any Secured Party, any
      right, power or privilege hereunder shall operate as a waiver
      thereof.  No single or partial exercise of any right, power or privilege
      hereunder shall preclude any other or further exercise thereof or the
      exercise of any other right, power or privilege.  A waiver by any
      Secured Party of any right or remedy hereunder on any one occasion shall
      not be construed as a bar to any right or remedy that such Secured Party
      would otherwise have on any future occasion.
    

    
      Section 8.5  Amendments in Writing.  None of the terms
      or provisions of this Agreement may be waived, amended, supplemented or
      otherwise modified except in accordance with Section 11.1 of
      the Credit Agreement; provided, however, that annexes to
      this Agreement may be supplemented (but no existing provisions may be
      modified and no Collateral may be released) through Pledge Amendments
      and Joinder Agreements, in substantially the form of Annex 1
      and Annex 2, respectively, in each case duly executed by the
      Primary Administrative Agent and each Grantor directly affected thereby.
    

    
      Section 8.6  Additional Grantors; Additional Pledged
      Collateral.  (a) Joinder Agreements.  If, at the
      option of the Borrower, or as required pursuant to Section 7.10
      of the Credit Agreement, the Borrower shall cause any Subsidiary that is
      not a Grantor to become a Grantor hereunder, such Subsidiary shall
      execute and deliver to the Primary Administrative Agent a Joinder
      Agreement substantially in the form of Annex 2 and shall
      thereafter for all purposes be a party hereto and have the same rights,
      benefits and obligations as a Grantor party hereto on the Closing Date.
    

    
      
        

        

      

      
        
          27
        

        
          

        

      

      
        

        

      

    

    
      (b)  Pledge Amendments.  To the extent any Pledged
      Collateral has not been delivered as of the Closing Date, such Grantor
      shall deliver a pledge amendment duly executed by the Grantor in
      substantially the form of Annex 1 (each, a “Pledge
      Amendment”).  Such Grantor authorizes the Primary Administrative
      Agent to attach each Pledge Amendment to this Agreement.
    

    
      Section 8.7  Notices.  All notices, requests and
      demands to or upon the Primary Administrative Agent, the Collateral
      Agent or any Grantor hereunder shall be effected in the manner provided
      for in Section 11.11 of the Credit Agreement; provided,
      however, that any such notice, request or demand to or upon any
      Grantor shall be addressed to the Borrower’s notice address set forth in
      such Section 11.11.
    

    
      Section 8.8  Successors and Assigns.  This Agreement
      shall be binding upon the successors and assigns of each Grantor and
      shall inure to the benefit of each Secured Party and their successors
      and assigns; provided, however, that no Grantor may
      assign, transfer or delegate any of its rights or obligations under this
      Agreement without the prior written consent of the Primary
      Administrative Agent.
    

    
      Section 8.9  Counterparts.  This Agreement may be
      executed in any number of counterparts and by different parties in
      separate counterparts, each of which when so executed shall be deemed to
      be an original and all of which taken together shall constitute one and
      the same agreement.  Signature pages may be detached from multiple
      separate counterparts and attached to a single counterpart.  Delivery of
      an executed signature page of this Agreement by facsimile transmission
      or by Electronic Transmission shall be as effective as delivery of a
      manually executed counterpart hereof.
    

    
      Section 8.10  Severability.  Any provision of this
      Agreement being held illegal, invalid or unenforceable in any
      jurisdiction shall not affect any part of such provision not held
      illegal, invalid or unenforceable, any other provision of this Agreement
      or any part of such provision in any other jurisdiction.
    

    
      Section 8.11  Governing Law.  This Agreement and the
      rights and obligations of the parties hereto shall be governed by, and
      construed and interpreted in accordance with, the law of the State of
      New York.
    

    
      Section 8.12  WAIVER OF JURY TRIAL.  EACH PARTY HERETO
      HEREBY IRREVOCABLY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION OR
      PROCEEDING WITH RESPECT TO, OR DIRECTLY OR INDIRECTLY ARISING OUT OF,
      UNDER OR IN CONNECTION WITH, ANY LOAN DOCUMENT OR THE TRANSACTIONS
      CONTEMPLATED THEREIN OR RELATED THERETO (WHETHER FOUNDED IN CONTRACT,
      TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO
      OTHER PARTY AND NO RELATED PERSON OF ANY OTHER PARTY HAS REPRESENTED,
      EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
      LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
      THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO
      THIS AGREEMENT BY THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.12.
    

    
      
        

        

      

      
        
          28
        

        
          

        

      

      
        

        

      

    

    
      Section 8.13  Intercreditor Agreement.  The security
      interests of the Primary Administrative Agent and the Collateral Agent
      for the benefit of the Secured Parties granted hereunder and the rights
      of such parties in respect thereof shall be subject to and entitled to
      the benefits of the terms of the Intercreditor Agreement.  In the event
      of any conflict between the terms of the Intercreditor Agreement and the
      terms of this Agreement, the terms of the Intercreditor Agreement shall
      govern.
    

    
      [SIGNATURE PAGES FOLLOW]
    

    
      29Exhibit 10.2
    

    
      

      

    

    
      AMENDMENT NO. 4
    

    
      This AMENDMENT NO. 4, dated as of April 18, 2009 (“Amendment
      No. 3”), is entered into by and among DAYTON SUPERIOR CORPORATION, a
      Delaware corporation (the “Borrower”), the persons
      designated as “Lenders” on the signature pages hereto (the “Lenders”),
      and GENERAL ELECTRIC CAPITAL CORPORATION (“GE Capital”), a
      Delaware corporation, as administrative agent (in such capacity, the “Administrative
      Agent”).
    

    
      WHEREAS, the Borrower, the other Loan Parties, the Lenders and GE
      Capital, as administrative agent and collateral agent, are party to the
      Revolving Credit Agreement dated as of March 3, 2008 (as amended by
      Amendment No. 1, dated as of March 16, 2009 and Amendment No. 2, dated
      as of March 23, 2009 and Amendment No. 3, dated as of April 9, 2009, the
      “Original Credit Agreement”; all capitalized terms defined
      in the Original Credit Agreement and not otherwise defined herein to
      have the meanings assigned thereto in the Original Credit Agreement); and
    

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

    
      WHEREAS, the Lenders, subject to the terms and conditions of this
      Amendment No. 4, are willing to amend the Original Credit Agreement as
      provided herein.
    

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

    
      SECTION 1.
AMENDMENT
    

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

    
      The definition of the term “Applicable Margin” appearing in Section
      1.1 of the Original Credit Agreement is amended by (i) replacing the
      phrase “10.00%” appearing in clause (v) of this definition with the
      phrase “11.00%” and (ii) replacing the phrase “11.00%” appearing in
      clause (vi) of such definition with the phrase “10.00%”.
    

    
      SECTION 2.
CONDITIONS TO EFFECTIVENESS
    

    
      This Amendment No. 4 shall be effective as of March 23, 2009 (the “Amendment
      No. 4 Effective Date”) subject to and upon satisfaction on or prior
      to such date of the following conditions: receipt by the Administrative
      Agent of one or more counterparts of this Amendment No. 4 executed and
      delivered by the Borrower, the Administrative Agent and the Lenders.
    

    

    

    
      SECTION 3.
LIMITATION ON SCOPE
    

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

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      SECTION 4.
MISCELLANEOUS
    

    
      (a)       The Borrower hereby represents and warrants that (i) this
      Amendment No. 3 has been duly authorized and executed by it, and the
      Original Credit Agreement, as amended by this Amendment No. 4, is its
      legal, valid and binding obligation, enforceable in accordance with its
      terms, except as such enforceability may be limited by applicable
      bankruptcy, moratorium and similar laws affecting the rights of
      creditors in general; and (ii) this Amendment No. 4 is being delivered
      in the State of New York.
    

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

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

    
      (d)       The Borrower agrees that all Loan Documents remain in full
      force and effect notwithstanding the execution and delivery of this
      Amendment No. 4.
    

    
      (e)       This Amendment No. 4 may be executed by the parties hereto in
      separate counterparts, each of which when so executed and delivered
      shall be deemed an original, but all of which counterparts together
      shall constitute but one and the same instrument.
    

    
      (f)       All references in the Loan Documents to the “Credit Agreement”
      and in the Original Credit Agreement as amended hereby to “this
      Agreement,” “hereof,” “herein” or the like shall mean and refer to the
      Original Credit Agreement as amended by this Amendment No. 4 (as well as
      by all subsequent amendments, restatements, modifications and
      supplements thereto).
    

    
      (g)       Each of the following provisions of the Original Credit
      Agreement is hereby incorporated herein by this reference with the same
      effect as though set forth in its entirety herein, mutatis mutandis,
      and as if “this Agreement” in any such provision read “this Amendment
      No. 3”: Section 11.11 (Notices), Section 11.13
      (Governing Law), Section 11.14 (Jurisdiction), Section 11.15
      (Waiver of Jury Trial), Section 11.16 (Severability) and Section
      11.18 (Entire Agreement).
    

    
      1049731-2
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      [signature pages follow]
    

    

    

    
      1049731-2
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

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

    

    

    
    	
           
        	
          BORROWER:
        
	

        	

        	
           
        	

        
	

        	
          DAYTON SUPERIOR CORPORATION, a Delaware corporation
        
	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Edward J. Puisis
        
	

        	

        	

        	
          Name: Edward J. Puisis
        
	

        	

        	

        	
          Title: Executive Vice President and CFO
        
	

        	

        	

        	
           
        
	

        	
          LENDERS:
        
	

        	

        	

        	
           
        
	

        	
          GENERAL ELECTRIC CAPITAL CORPORATION, as Administrative Agent
          and a Lender
        
	

        	

        	

        	
           
        
	

        	
          By:
        	

        	
          /s/ Michelle Handy
        
	

        	

        	

        	
           
        
	

        	

        	

        	
          Name: Michelle Handy
        
	

        	

        	

        	
          Title: Its Duly Authorized Signatory
        

    

    
      1049731-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]