Document:

Exhibit 10.5

STANDARD
TERMS AND CONDITIONS

GOVERNING

EMPLOYEE NON-QUALIFIED STOCK OPTIONS

UNDER THE 

1998, 2000 AND 2002 STOCK INCENTIVE PLANS

The following constitute the
standard terms and conditions (these “Terms and Conditions”) governing any “non-qualified”
option (an “Option”) to purchase shares (“Option Shares”) of the Common Stock,
par value $.01 per share (“Common Stock”), of Aftermarket Technology Corp. (the
“Company”) granted under the Company’s 1998, 2000 or 2002 Stock Incentive
Plans, as amended from time to time (the relevant stock incentive plan being
referred to herein as the “Plan”), to any optionee (an “Optionee”) who is an
employee of the Company or one of its subsidiaries, unless and to the extent
otherwise provided by the Company’s Board of Directors (the “Board”) (or a duly
authorized committee of the Board) at the time an Option is granted.  A non-qualified Option is an Option not
intended to qualify as an incentive stock option under Section 422 of the
Internal Revenue Code.  These Terms and
Conditions are promulgated by the Compensation and Human Resources Committee of
the Board pursuant to Section 2.2 of the Plan.

1.             Vesting;
Expiration.  The date on which
the grant of an Option is effective is referred to as the “Date of Grant.”  On each of either (i) the first, second
and third anniversaries of the Date of Grant or (ii) the first, third and
fifth anniversaries of the Date of Grant, as determined by the Board and set
forth in the certificate evidencing the Option, the Option shall become
exercisable to purchase, and shall vest with respect to, one-third of the
Option Shares.  The Option shall expire
at 5:00 p.m., central time, on the tenth anniversary of the Date of Grant (the “Expiration
Date”).

2.             Acceleration
and Termination of Option.

(a)           Termination
of Employment.

(i)            Termination Within One
Year After Change of Control. 
If Optionee ceases to be employed for any reason or for no reason,
within one year after a Change of Control (as defined in Section 2(e)(i)),
then the Option shall terminate upon the earlier of the Expiration Date or the
first anniversary of the Termination Date (as defined in Section 2(e)(v)).

(ii)           Retirement.  If Optionee retires in accordance with the
Company’s then-current retirement policy (“Retirement”), and a Change of
Control shall not have occurred within one year prior thereto, then
(A) the portion of the Option that has not vested on or prior to the
Termination Date shall terminate on such date and (B) the remaining vested
portion of the Option shall terminate upon the Expiration Date.

(iii)          Death or Permanent
Disability.  If Optionee
ceases to be employed due to his or her death or Permanent Disability (as
defined in Section 2(e)(iii)), and a Change of 

Control shall not
have occurred within one year prior thereto, then (A) the portion of the
Option that has not vested on or prior to the Termination Date shall terminate
on such date and (B) the remaining vested portion of the Option shall
terminate upon the earlier of the Expiration Date or the first anniversary of
the Termination Date.

(iv)          Other Termination.  If Optionee ceases to be employed for no
reason or for any reason other than Retirement, death or Permanent Disability,
and a Change of Control shall not have occurred within one year prior thereto,
then (A) the portion of the Option that has not vested on or prior to the
Termination Date shall terminate on such date and (B) the remaining vested
portion of the Option shall terminate on the earlier of the Expiration Date or
the date that is 30 days after the Termination Date.

(b)           Death Following Termination of
Employment.  If Optionee shall die at
any time after the Termination Date and prior to the Expiration Date or earlier
termination of the Option, then the remaining vested portion of the Option shall
terminate on the earlier of the Expiration Date or the first anniversary of the
date of death.

(c)           Other
Events Causing Acceleration of Option.

(i)            Change of Control.  If
a Change of Control occurs on or before the Termination Date, the portion of the
Option that has not vested on or prior to the date of such Change of Control
shall fully vest on such date; and

(ii)           Other Events.  The
Board (or a duly authorized committee of the Board), in its sole discretion,
may accelerate the exercisability of the Option at any time and for any reason.

(d)           Other Events Causing Termination
of Option.  Notwithstanding anything
to the contrary in these Terms and Conditions, the Option shall terminate upon
the consummation of any of the following events, or, if later, the 30th
day following the first date upon which such event shall have been approved by
both the Board and the stockholders of the Company:

(i)            the dissolution or liquidation of
the Company;

(ii)           a sale of substantially all of the
property and assets of the Company, unless the terms of such sale shall provide
otherwise; or

(iii)          a Change of Control, if the Board (or
a duly authorized committee of the Board) elects to terminate the Option in
connection therewith.

(e)           Certain Definitions.

(i)            “Change of Control”
means the first to occur of the following events:

(A)          any sale or transfer or other
conveyance, whether director or indirect, of all or substantially all of the
assets of the Company, on a 

2

consolidated
basis, in one transaction or a series of related transactions, unless,
immediately after giving effect to such transaction, at least 85% of the total
voting power normally entitled to vote in the election of directors, managers
or trustees, as applicable, of the transferee is “beneficially owned” by
persons who, immediately prior to the transaction, beneficially owned 100% of
the total voting power normally entitled to vote in the election of directors
of the Company;

(B)           any Person or Group (as defined in
Section 2(e)(iv)) other than an Excluded Person (as defined in
Section 2(e)(ii)) is or becomes the “beneficial owner,” directly or
indirectly, of more than 35% of the total voting power in the aggregate of all
classes of Capital Stock of the Company then outstanding normally entitled to
vote in elections of directors, unless the percentage so owned by an Excluded
Person is greater;

(C)           during any period of 12 consecutive
months, individuals who at the beginning of such 12-month period constituted
the Board (together with any new directors whose election by the Board or whose
nomination for election by the shareholders of the Company was approved by a
vote of a majority of the directors then still in office who were either
directors at the beginning of such period or whose election or nomination for
election was previously so approved) cease for any reason to constitute a
majority of the Board then in office; or

(D)          a reorganization, merger or
consolidation of the Company the consummation of which results in the
outstanding securities of any class then subject to the Option being exchanged
for or converted into cash, property and/or a different kind of securities,
unless, immediately after giving effect to such transaction, at least 85% of
the total voting power normally entitled to vote in the election of directors,
managers or trustees, as applicable, of the entity surviving or resulting from
such reorganization, merger or consolidation is “beneficially owned” by persons
who, immediately prior to the transaction, beneficially owned 100% of the total
voting power normally entitled to vote in the election of directors of the
Company.

The foregoing
definition supercedes Section 11.2 of the Plan.

(ii)           “Excluded Person”
has the meaning set forth in that certain Indenture dated as of August 2, 1994
by and among the Company, the Guarantors named therein and American Bank
National Association.

(iii)          “Permanent Disability”
means the inability to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment that can be expected
to result in death or that has lasted or can be expected to last for a
continuous period of not less than 12 months. 
Optionee shall not be deemed to have a Permanent Disability until proof
of the existence thereof shall have been furnished to the Board in such form
and manner, and at such times, as the Board may require.  Any determination by the 

3

Board that
Optionee does or does not have a Permanent Disability shall be final and
binding upon the Company and Optionee.

(iv)          “Person”  and  “Group” have
the meanings used for purposes of Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended, whether or not such sections apply to the
transaction in question.

(v)           “Termination Date”
means the date on which Optionee ceases to be employed by the Company and its
subsidiaries for any reason (including Retirement, death or Permanent
Disability) or for no reason.

3.             Adjustments. 
In the event that the outstanding securities of the class then subject
to the Option are increased, decreased or exchanged for or converted into cash,
property and/or a different number or kind of securities, or cash, property
and/or securities are distributed in respect of such outstanding securities, in
either case as a result of a reorganization, merger, consolidation,
recapitalization, reclassification, dividend (other than a regular, quarterly
cash dividend) or other distribution, stock split, reverse stock split or the
like, or in the event that substantially all of the property and assets of the
Company are sold, then, unless such event shall cause the Option to terminate
pursuant to Section 2(d) or the terms of such transaction provide
otherwise, the Board (or a duly authorized committee of the Board) may make
appropriate and proportionate adjustments in the number and type of shares or
other securities or cash or other property that may thereafter be acquired upon
the exercise of the Option, and such adjustment shall be in the Board’s (or
such committee’s) sole discretion and be final and binding on Optionee; provided, however, that any such adjustments in the Option
shall be made without changing the aggregate Exercise Price of the then
unexercised portion of the Option.

4.             Exercise. 
The Option shall be exercisable during Optionee’s lifetime only by
Optionee or by his or her guardian or legal representative, and after Optionee’s
death only by the person or entity entitled to do so under Optionee’s last will
and testament or applicable intestate law. 
The Option may only be exercised by the delivery to the Company of
(i) a written notice of such exercise, which shall specify the number of
Option Shares to be purchased (the “Purchased Shares”) and the aggregate Exercise
Price for such Purchased Shares, and (ii) payment in full of such
aggregate Exercise Price in cash or by check payable to the Company; provided, however, that payment of such aggregate Exercise
Price may instead be made promptly after the exercise date if on or before the
exercise date the Company receives a commitment from a broker, acceptable to
the Company, to pay the required amount out of the proceeds of a sale of Option
Shares on behalf of Optionee.

5.             Payment of Withholding Taxes. 
If the Company becomes obligated to withhold an amount on account of any
tax imposed as a result of the exercise of the Option, including, without
limitation, any federal, state, local or other income tax, or any F.I.C.A.,
state disability insurance tax or other employment tax, then Optionee shall, on
the first day upon which the Company becomes obligated to pay such amount to
the appropriate taxing authority, pay such amount to the Company in cash or by
check payable to the Company, provided that
if Optionee fails to pay such amount, the Company may deduct the amount from
other compensation payable to Optionee or withhold from Optionee a number of
Option Shares having a Fair Market Value equal to such amount.

4

6.             Notices. 
All notices and other communications required or permitted to be given
pursuant to the Option Document shall be in writing and shall be deemed given
(i) five days after mailing by certified or registered mail, postage
prepaid, return receipt requested, (ii) the next business day after being
sent through an overnight delivery service under circumstances in which such
service guarantees next day delivery, or (iii) when actually received if
sent by any other method.  All notices
shall be sent to the Company at 900 Oakmont Lane, Suite 100, Westmont, Illinois
60559 (or such other address as is then the Company’s headquarters), attention
General Counsel, and to Optionee at the address set forth in the payroll
records of the Company, or at such other addresses as the Company or Optionee
may designate by written notice in the manner aforesaid.

7.             Stock Exchange Requirements;
Applicable Laws.  Notwithstanding anything to the contrary in
the Option Document, no shares of stock purchased upon exercise of the Option, and
no certificate representing all or any part of such shares, shall be issued or
delivered if (i) such shares have not been admitted to listing upon
official notice of issuance on each stock exchange or interdealer quotation
system upon which shares of that class are then listed or (ii) in the
opinion of counsel to the Company, such issuance or delivery would cause the
Company to be in violation of or to incur liability under any federal, state or
other securities law, or any requirement of any stock exchange or interdealer
quotation system listing agreement to which the Company is a party, or any
other requirement of law or of any administrative or regulatory body having
jurisdiction over the Company.

8.             Nontransferability. 
Neither the Option nor any interest therein may be transferred,
conveyed, assigned, pledged, encumbered, mortgaged, hypothecated, gifted or
disposed of in any manner other than by will or the laws of descent and
distribution.

9.             Plan; Option Document; Amendment.

(a)           The Option is granted pursuant to the
Plan and is subject to all the terms and conditions of the Plan, as the same
may be amended from time to time by the Board in its sole discretion, and these
Terms and Conditions, as they may be amended from time to time by the Board (or
a duly authorized committee of the Board) in its sole discretion.

(b)           The terms of the Plan, these Terms
and Conditions and a certificate issued to evidence the Option together
constitute the “Option Document” contemplated by the Plan, and the interpretation
and construction of the Option Document by the Board (or a duly authorized
committee of the Board) shall be final and binding upon Optionee.

(c)           The Board (or a duly authorized
committee of the Board) may amend the Option Document without the consent of
Optionee; provided, however, that the Option
Document may not be amended following a Change of Control except for any
amendment (i) consented to in writing by Optionee or (ii) necessary
to comply with applicable tax or securities laws or regulations..

(d)           Until the Option shall expire,
terminate or be exercised in full, the Company shall, upon written request
therefor, send a copy of the Plan and these Terms and Conditions, in their
then-current form, to Optionee or any other person or entity then entitled to
exercise the Option.

5

10.          Stockholder Rights. 
Optionee shall not be entitled to vote, receive dividends or be deemed
for any purpose the holder of any Option Shares until such Option Shares have
been issued following the exercise of the Option in accordance with the terms
of the Option Document.

11.          Employment Rights. 
No provision of the Option Document or of the Option shall
(i) confer upon Optionee any right to continue as an employee of the
Company or any of its subsidiaries, (ii) affect the right of the Company
and each of its subsidiaries to terminate the employment of Optionee, with or
without cause, or (iii) confer upon Optionee any right to participate in
any employee welfare or benefit plan or other program of the Company or any of
its subsidiaries other than the Plan.  The Company and each of its
subsidiaries may terminate the employment of Optionee at any time and for any
reason, or for no reason, unless Optionee and the Company or such subsidiary
are parties to a written employment agreement that expressly provides
otherwise.

12.          Governing Law. 
The Option Document shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware without reference to choice
or conflict of law principles.

AFTERMARKET TECHNOLOGY CORP.

COMPENSATION AND HUMAN RESOURCES COMMITTEE

Richard R. Crowell

Gerald L. Parsky

J. Richard Stonesifer, Chairman

 

6Exhibit 10.1

 

Execution Copy

 

SECOND AMENDMENT, dated as
of December 10, 2004 (this “Amendment”), to the CREDIT AGREEMENT
dated as of July 30, 2004 (as amended by the First Amendment, dated as of October 8,
2004 and as otherwise amended, supplemented or modified from time to time, the “Credit
Agreement”), among ROCKWOOD SPECIALTIES GROUP, INC., a Delaware corporation
(the “US Borrower”), ROCKWOOD SPECIALTIES LIMITED, a company
incorporated under the laws of England and Wales (the “UK Borrower”),
ROCKWOOD SPECIALTIES INTERNATIONAL, INC., a Delaware corporation (“Holdings”),
the lending institutions from time to time parties thereto, CREDIT SUISSE FIRST
BOSTON, acting through its Cayman Islands Branch, as Administrative Agent and
as Collateral Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P. (“Goldman”)
and UBS SECURITIES LLC (“UBS”), as Co-Syndication Agents.

 

A.  The Borrowers
have requested that the Credit Agreement be amended to, among other things,
provide for new Tranche D Term Loans, the proceeds of which will be used to
repay in full all currently outstanding Tranche B Term Loans.  The Borrowers have appointed Goldman and UBS
to act as exclusive joint lead arrangers and exclusive joint bookrunners for
this Amendment and have agreed that Goldman will have “left” placement in any
and all marketing materials or other documentation used in connection with this
Amendment.

 

B.  Each existing Lender with a Tranche B Term
Loan Commitment or with outstanding Tranche B Term Loans (an “Existing
Tranche B Term Loan Lender”) that executes and delivers a signature page to
this Amendment specifically in the capacity of a “Continuing Lender” (a “Continuing
Lender”) will be deemed upon the Second Amendment Effective Date to have
agreed to the terms of this Amendment and to have made a commitment to make
Tranche D Term Loans in an aggregate principal amount up to, but not in excess
of, the aggregate principal amount of such Existing Tranche B Term Lender’s
outstanding Tranche B Term Loans immediately prior to the Second Amendment
Effective Date (“Existing Tranche B Term Loans”).  Each Existing Tranche B Term Loan Lender that
executes and delivers this Amendment solely in the capacity as an Existing
Tranche B Term Loan Lender and not specifically as a Continuing Lender shall be
deemed to have agreed to this Amendment, but will not be deemed by virtue of
such execution and delivery to have undertaken any commitment to make Tranche D
Term Loans.

 

C.  Each Person (other than a Continuing Lender
in its capacity as such) that agrees to make Tranche D Term Loans (an “Additional
Lender”) will, on the Second Amendment Effective Date, make such Tranche D
Term Loans to the US Borrower in the manner contemplated by Section 3.  The cash proceeds to the US Borrower of any
such Tranche D Term Loans will be used solely to repay in full the outstanding
principal amount of Existing Tranche B Term Loans of Existing Tranche B Term
Loan Lenders (other than any such Existing Tranche B Term Loans refinanced
pursuant to an exchange thereof for Tranche D Term Loans as provided herein)
and to pay fees and expenses in connection with such prepayments and with this
Amendment.

 

D.  The Required Lenders are willing to effect
such amendment (and the other amendments set forth herein), and the Continuing
Lenders and the Additional Lenders are

 

 

willing
to make Tranche D Term Loans as contemplated hereby, in each case on the terms
and subject to the conditions of this Amendment.

 

E.  Capitalized
terms used but not defined herein shall have the meanings assigned to such
terms in the Credit Agreement, as amended hereby.

 

Accordingly, in
consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, the parties hereto agree as follows:

 

A.            Amendment of the Credit Agreement.  The
Credit Agreement is hereby amended, effective as of the Second Amendment
Effective Date, as follows:

 

1.             Amendment of Section 1.01.  Section 1.01
is hereby revised by

 

a.             inserting the following definitions in the
appropriate alphabetical order therein:

 

“Continuing Lenders”
shall mean those Lenders under the Credit Agreement immediately prior to the
Second Amendment Effective Date that execute and deliver a signature page to
the Second Amendment specifically in the capacity of a “Continuing Lender”.

 

“New Tranche D Term Loan”
shall have the meaning provided in Section 2.14.

 

“New Tranche D Term Loan
Commitments” shall have the meaning provided in Section 2.14.

 

“New Tranche D Term Loan
Lender” shall have the meaning provided in Section 2.14.

 

“Required Tranche D
Lenders” shall mean, at any date, Non-Defaulting Lenders having or holding
a majority of the sum of (a) the portion of the Adjusted Total Term Loan
Commitment that relates to Tranche D Term Loan Commitments at such date and
(b) the outstanding principal amount of the Tranche D Term Loans
(excluding the Tranche D Term Loans held by Defaulting Lenders) in the
aggregate at such date.

 

“Second Amendment” shall mean the
Second Amendment to this Agreement, dated as of December 10, 2004.

 

“Second Amendment Effective Date”
shall mean the date on which the Second Amendment becomes effective.

 

“Tranche C Term Loan Lender” shall
mean each Lender with a Tranche C Term Loan Commitment or with outstanding Tranche
C Term Loans.

 

“Tranche D Repayment Amount”
shall have the meaning provided in Section 2.5(b)(iii).

 

2

 

“Tranche D Repayment Date” shall
have the meaning provided in Section 2.5(b)(iii).

 

“Tranche D Term Loan” shall mean
a Loan made to the US Borrower in Dollars on the Second Amendment Effective
Date pursuant to Section 3 of the Second Amendment.  On the Second Amendment Effective Date, the
aggregate principal amount of the Tranche D Term Loans shall be $1,145,000,000.

 

“Tranche D Term Loan Commitment” shall
mean, with respect to each Lender, the commitment of such Lender to make
Tranche D Term Loans hereunder pursuant to Section 3 of the Second
Amendment on the Second Amendment Effective Date.  The amount of each Lender’s Tranche D Term
Loan Commitment is set forth on Schedule A to the Second Amendment (as
appended to the Second Amendment on the Second Amendment Effective Date) or in
the Assignment and Acceptance pursuant to which such Lender assumed its Tranche
D Term Loan Commitment, in each case as the same may be changed from time to
time pursuant to the terms hereof.

 

“Tranche D Term Loan Lender” shall
mean each Lender with a Tranche D Term Loan Commitment or with outstanding
Tranche D Term Loans.

 

“Tranche D Term Loan Maturity Date”
shall mean the date that is eight years after the Funding Date, or, if such
date is not a Business Day, the next preceding Business Day; provided, however,
that the Tranche D Term Loan Maturity Date will automatically become the
Refinancing Date in the event that on or prior to the Refinancing Date either
(a) the Subordinated Notes shall not have been extended, renewed, replaced or
otherwise refinanced in full in accordance with the terms hereof by
Indebtedness which shall have a final maturity no earlier than (and which shall
not require any mandatory payments of principal in excess of $75,000,000
(except pursuant to asset sale or change of control provisions that are no more
materially adverse to the interests of the Lenders than those relating to the
Subordinated Notes as in effect on the date hereof) any earlier than) the date
that is 182 days following the date that is eight years after the Funding Date
or (b) legal defeasance or similar arrangements reasonably satisfactory to the
Administrative Agent shall not have been made for the repayment or redemption
of the Subordinated Notes in full.

 

b.             revising the definitions of the terms set
forth below to read as follows:

 

“Applicable ABR Margin” shall mean at
any date, with respect to each ABR Loan that is a Revolving Credit Loan, a
Swingline Loan or a Tranche D Term Loan, the applicable percentage per annum
set forth below based upon the Status in effect on such date:

 

3

 

	
  Status

  	
   

  	
  Applicable ABR

  Margin Revolving

  Credit Loans and

  Swingline Loans

  	
   

  	
  Applicable ABR

  Margin Tranche

  D Term Loans

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Level I
  Status

  	
   

  	
  1.25%

  	
   

  	
  1.00%

  	
   

  
	
  Level II
  Status

  	
   

  	
  1.00%

  	
   

  	
  1.00%

  	
   

  
	
  Level III
  Status

  	
   

  	
  0.75%

  	
   

  	
  1.00%

  	
   

  
	
  Level IV
  Status

  	
   

  	
  0.50%

  	
   

  	
  0.75%

  	
   

  

 

Notwithstanding the foregoing, the term “Applicable
ABR Margin” shall mean, (i) with respect to each ABR Loan that is a Revolving
Credit Loan or a Swingline Loan, 1.25% during the period from and including the
Funding Date to but excluding the Initial Financial Statement Delivery Date and
(ii) with respect to each ABR Loan that is a Tranche D Term Loan, 1.00% during
the period from and including the Second Amendment Effective Date to but
excluding the Initial Financial Statement Delivery Date.

 

“Applicable Eurodollar Margin” shall
mean at any date with respect to each Eurodollar Loan that is a Revolving
Credit Loan, a Tranche A-1 Term Loan, a Tranche A-2 Term Loan, a Tranche D Term
Loan or a Tranche C Term Loan, the applicable percentage per annum set forth below
based upon the Status in effect on such date:

 

	
  Status

  	
   

  	
  Applicable Eurodollar

  Margin Revolving

  Credit Loans,

  Tranche A-1 Term

  Loans and Tranche A-2

  Term Loans

  	
   

  	
  Applicable Eurodollar

  Margin Tranche D

  Term Loans

  	
   

  	
  Applicable

  Eurodollar

  Margin Tranche C

  Term Loans

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Level I
  Status

  	
   

  	
  2.50%

  	
   

  	
  2.25%

  	
   

  	
  3.00%

  	
   

  
	
  Level II
  Status

  	
   

  	
  2.25%

  	
   

  	
  2.25%

  	
   

  	
  3.00%

  	
   

  
	
  Level III
  Status

  	
   

  	
  2.00%

  	
   

  	
  2.25%

  	
   

  	
  3.00%

  	
   

  
	
  Level IV
  Status

  	
   

  	
  1.75%

  	
   

  	
  2.00%

  	
   

  	
  3.00%

  	
   

  

 

Notwithstanding the foregoing, the term “Applicable
Eurodollar Margin” shall mean, (i) with respect to each Eurodollar Loan that is
a Revolving Credit Loan, a Tranche A-1 Term Loan or a Tranche A-2 Term
Loan, 2.50% and, with respect to each Eurodollar Loan that is a Tranche C Term
Loan, 3.00%, in each case, during the period from and including the Funding
Date to but excluding the Initial Financial Statement Delivery Date and (ii)
with respect to each Eurodollar Loan that is a Tranche D Term Loan, 2.25%
during the period from and including the Second Amendment Effective Date to but
excluding the Initial Financial Statement Delivery Date.

 

“Lenders” shall mean (a) the Persons
listed on Schedule 1.1(c), (b) effective as of the First Amendment
Effective Date, the Persons listed on Schedule A to the First Amendment
(as appended to the First Amendment on the First Amendment Effective

 

4

 

Date under the heading “Tranche
C Term Loan Commitments”), (c) effective as of the Second Amendment Effective
Date, the Persons listed on Schedule A to the Second Amendment (as
appended to the Second Amendment on the Second Amendment Effective Date) and
(d) any other Person that becomes a party hereto pursuant to an Assignment and
Acceptance, other than any such Person that ceases to be a party hereto pursuant
to an Assignment and Acceptance or otherwise ceases to have any Loans or
Commitments hereunder.

 

“Term Loan” shall mean any Tranche A-1
Term Loan, Tranche A-2 Term Loan, Tranche D Term Loan or Tranche C Term Loan
(or, as the context may require, any other term loan made hereunder prior to
the Second Amendment Effective Date).

 

(iii) in the definition of “Class” (A)
deleting the words “Tranche B Term Loans” from the fourth line thereof and
replacing them with the words “Tranche D Term Loans”, (B) deleting the words “New
Tranche B Term Loans” from the fourth and fifth lines thereof and replacing
them with the words “New Tranche D Term Loans”, (C) deleting the words “Tranche
B Term Loan Commitment” from the eighth and ninth lines thereof and replacing
them with the words “Tranche D Term Loan Commitment” and (D) deleting the words
“New Tranche B Term Loan Commitment” from the ninth line thereof and replacing
them with the words “New Tranche D Term Loan Commitment”.

 

(iv) in the definition of “Commitments”
deleting the words “New Tranche B Term Loan Commitment” from the second and
third lines thereof and replacing them with the words “New Tranche D Term Loan
Commitment”.

 

(v) in the definition of “Loan” deleting the
words “New Tranche B Term Loan” in the second line thereof and replacing them
with the words “New Tranche D Term Loan”.

 

(vi) in the definition of “Maturity Date”
deleting the words “Tranche B Term Loan Maturity Date” from the second line
thereof and replacing them with the words “Tranche D Term Loan Maturity Date”.

 

(vii) in the definition of “Permitted
Additional Notes” deleting the words “New Tranche B Loans” from the nineteenth
and twentieth lines thereof and replacing them with the words “New Tranche D
Term Loans”.

 

(viii) in the definition of “Repayment Amount”
deleting the words “Tranche B Repayment Amount” from the second line thereof
and replacing them with the words “Tranche D Repayment Amount”.

 

(ix) in the definition of “Repayment Date”
deleting the words “Tranche B Repayment Date” from the second line thereof and
replacing them with the words “Tranche D Repayment Date”.

 

(x) in the definition of “Term Loan
Commitment” deleting the words “Tranche B Term Loan Commitment” from the second
line thereof and replacing them with the words “Tranche D Term Loan Commitment”.

 

5

 

(xi) in the definition of “Total Term Loan
Commitment” deleting the words “New Tranche B Term Loan Commitments” from the
second line thereof and replacing them with the words “New Tranche D Term Loan
Commitments”.

 

(xii) in the definition of “Type” deleting
the words “Tranche B Term Loan” from the third line thereof and replacing them
with the words “Tranche D Term Loan”.

 

and

 

(xiii) deleting the following definitions in
their entirety:  “New Tranche B Term Loan”,
“New Tranche B Term Loan Commitments”, “New Tranche B Term Loan Lender”, “Required
Tranche B Lenders”, “Tranche B Repayment Amount”, “Tranche B Repayment Date”, “Tranche
B Term Loan”, “Tranche B Term Loan Commitment” and “Tranche B Term Loan
Maturity Date”.

 

2.             Amendment of Section 2.1.  Section 2.1(a)(iv)
is deleted in its entirety and replaced with the following:  “each Lender having a Tranche D Term Loan
Commitment severally agrees, pursuant to the Second Amendment, to make a
Tranche D Term Loan or Tranche D Term Loans on the Second Amendment Effective
Date to the US Borrower in Dollars, which Tranche D Term Loans shall not exceed
for any such Lender the Tranche D Term Loan Commitment of such Lender as of the
Second Amendment Effective Date, provided that each Continuing Lender
having a Tranche D Term Loan Commitment shall make Tranche D Term Loans on the
Second Amendment Effective Date by exchanging its existing term loans
designated as “Tranche B Term Loans” under the Credit Agreement immediately
prior to the Second Amendment Effective Date for Tranche D Term Loans in the
manner contemplated by Section 3 of the Second Amendment”.

 

The second paragraph of Section 2.1(a)
is revised by (i) deleting the words “clause (iv)(y)” after the words “except
as provided in clause (iii)” in the first and second lines thereof and
replacing them with the words “clause (iv)”, (ii) deleting the third sentence
of such paragraph in its entirety, (iii) deleting the words “Tranche B Term
Loans” in the twelfth line thereof and replacing them with the words “Tranche D
Term Loans”, (iv) deleting the words “Tranche B Term Loan Commitments” in the
twentieth and twenty-first lines thereof and replacing them with the words “Tranche
D Term Loan Commitments” and (v) deleting the ninth sentence of such paragraph
in its entirety and replacing it with the following sentence:  “On the Tranche D Term Loan Maturity Date,
all Tranche D Term Loans shall be repaid in full.”

 

3.             Amendment of Section 2.5.  Section 2.5
is revised by (i) deleting the third sentence of clause (a) of such section in
its entirety and replacing it with the following sentence:  “The US Borrower shall repay to the
Administrative Agent, for the benefit of the Lenders, on the Tranche D Term
Loan Maturity Date, the then-unpaid Tranche D Term Loans, in Dollars.”, (ii)
deleting the lead in sentence above the table in clause (b)(iii) of such section in
its entirety and replacing it with the following lead in sentence:  “The US Borrower shall repay to the
Administrative Agent, in Dollars, for the benefit of the Lenders of
Tranche D Term Loans, on each date set forth below (each a

 

6

 

“Tranche D Repayment Date”), the
principal amount of the Tranche D Term Loans equal to (x) the outstanding
principal amount of Tranche D Term Loans immediately after funding on the
Second Amendment Effective Date multiplied by (y) the percentage set forth
below opposite such Tranche D Repayment Date (each a “Tranche D
Repayment Amount”):”, (iii) deleting the words “Tranche B Repayment Amount”
at the top of the second column in the table in clause (b)(iii) of such section and
replacing them with the words “Tranche D Repayment Amount” and (iv) deleting
the words “Tranche B Term Loan Maturity Date” at the bottom of the first column
in the table in clause (b)(iii) of such section and replacing them with
the words “Tranche D Term Loan Maturity Date”.

 

4.             Amendment of Section 2.6.  Section 2.6
is revised by (i) deleting the words “Tranche B Term Loans” in the third line
of clause (a) of such section and replacing them with the words “Tranche D
Term Loans” and (ii) deleting the words “Tranche B Term Loans” in the sixth
line of clause (b) of such section and replacing them with the words “Tranche
D Term Loans”.

 

5.             Amendment of Section 2.10.  Section 2.10
is revised by deleting the words “Tranche B Term Loans” in the eighth line of
clause (b) thereof and replacing them with the words “Tranche D Term Loans”.

 

6.             Amendment of Section 2.14.  Section 2.14
is revised by (i) deleting the words “Tranche B Term Loan Commitments” in each
instance in such section and replacing them with the words “Tranche D Term
Loan Commitments”, (ii) deleting the words “New Tranche B Term Loan Commitments”
in each instance in such section and replacing them with the words “New
Tranche D Term Loan Commitments”, (iii) deleting the words “New Tranche B Term
Loans” in each instance in such section and replacing them with the words “New
Tranche D Term Loans”, (iv) deleting the words “New Tranche B Term Loan Lender”
in each instance in such section and replacing them with the words “New
Tranche D Term Loan Lender” and (v) deleting the words “Tranche B Term Loans”
in each instance in such section and replacing them with the words “Tranche
D Term Loans”.

 

7.             Amendment of Section 4.3.  Section 4.3(a)
is revised by deleting such section in its entirety and replacing it with
the following paragraph:

 

“(a)  €167,630,542.28 of the Tranche A Term Loan
Commitments and  €222,110,468.53 of the
Tranche C Term Loan Commitments shall terminate at 5:00 p.m. (New York time) on
the Funding Date.  €41,907,635.58 of the
Tranche A Term Loan Commitments shall terminate at 5:00 p.m. (New York time) on
September 30, 2004.  €52,700,000 of
the Tranche C Term Loan Commitments shall terminate at 5:00 p.m. (New York
time) on the First Amendment Effective Date. 
All of the Tranche D Term Loan Commitments shall terminate at 5:00 p.m.
(New York time) on the Second Amendment Effective Date.”

 

8.             Amendment of Section 5.1.  Section 5.1
is revised by (i) deleting the words “Tranche B Term Loans” in the twenty-ninth
line thereof and replacing them with the words “Tranche D Term Loans”, (ii)
deleting the words “Tranche B Repayment

 

7

 

Amounts” in the thirty-second line thereof and
replacing them with the words “Tranche D Repayment Amounts” and (iii) inserting
the following new sentence at the end thereof:

 

“All voluntary prepayments
of all but not less than all of the Tranche D Term Loans effected on or prior
to the first anniversary of the Second Amendment Effective Date with the
proceeds of a substantially concurrent issuance or incurrence of new bank loans
which (x) are incurred for the primary purpose of refinancing the Tranche D
Term Loans and decreasing the Applicable ABR Margin or Applicable Eurodollar
Margin with respect thereto, (y) otherwise have terms and conditions (and are
in an aggregate principal amount) substantially the same as those of the
Tranche D Term Loans as in effect prior to the prepayment thereof and (z) are
not otherwise in connection with (i) a transaction and any transactions related
thereto not permitted by this Agreement (as determined prior to giving effect
to any amendment or waiver of this Agreement being adopted in connection with
such transaction and related transactions) or (ii) an initial public offering
by the US Borrower or any of its Subsidiaries or holding companies, shall be
accompanied by a prepayment fee equal to 1.00% of the aggregate principal
amount of such prepayment.”

 

9.             Amendment of Section 5.2.  Section 5.2
is revised by (i) deleting the words “Tranche B Term Loans” in the third line
of clause (c) thereof and replacing them with the words “Tranche D Term Loans”,
(ii) deleting the words “Tranche B Term Loan” in the seventeenth line of clause
(c) thereof and replacing them with the words “Tranche D Term Loan”, (iii)
deleting the words “Tranche B Term Loans” in the twenty-first line of clause
(c) thereof and replacing them with the words “Tranche D Term Loans” and (iv)
deleting the words “Tranche B Term Loans” in the twelfth line of clause (d)
thereof and replacing them with the words “Tranche D Term Loans”.

 

10.           Amendment of Section 6.10.  Section 6.10
is revised by deleting the second sentence of such section in its
entirety.

 

11.           Amendment of Section 9.13.  Section 9.13
is revised by (i) deleting the words “Tranche B Term Loans funded pursuant to Section 2.1(a)(iv)(y)
on the First Amendment Effective Date” after the words “Funding Date, any” in
the fifth line thereof and replacing them with the words “Tranche D Term Loans”,
(ii) deleting the fourth sentence of such section in its entirety and
(iii) adding a new sentence to the end of such section which shall read as
follows:  “The US Borrower will use the
proceeds of all Tranche D Term Loans funded on the Second Amendment Effective
Date solely to repay in full the outstanding principal amount of those existing
term loans designated as “Tranche B Term Loans” under the Credit Agreement
immediately prior to the Second Amendment Effective Date and to pay fees and
expenses in connection with such prepayments and with the Second Amendment.”

 

12.           Amendment of Section 10.7.  Section 10.7
is revised by deleting in its entirety the second proviso at the end of clause
(b) thereof.

 

13.           Amendment of Section 14.1.  Section 14.1
is revised by (i) deleting the words “Required Tranche B Lenders” in the third
and fourth lines of clause (ii)

 

8

 

thereof and replacing them with the words “Required
Tranche D Lenders” and (ii) deleting clause (x) thereof in its entirety and
replacing it with the following clause:  “(x)
decrease any Tranche D Repayment Amount, extend any scheduled
Tranche D Repayment Date or decrease the amount or allocation of any
mandatory prepayment to be received by any Lender holding any Tranche D
Loans (other than a decrease in such mandatory prepayment amount that is
accompanied by a proportionate decrease in mandatory prepayments to be
allocated to other Term Loans pursuant to Section 5.2(c)), in each case
without the written consent of the Required Tranche D Lenders”.

 

14.           Amendment of Section 14.6.  Section 14.6
is revised by (i) deleting the words “Tranche B Commitment” in the eighth line
of clause (b)(ii)(A) thereof and replacing them with the words “Tranche D
Commitment”, (ii) deleting the words “Tranche B Term Loan” in the ninth line of
clause (b)(ii)(A) thereof and replacing them with the words “Tranche D Term
Loan” and (iii) deleting the words “Tranche B Term Loans” in the fourteenth
line of clause (d) thereof and replacing them with the words “Tranche D Term
Loans”.

 

15.           Amendment of Exhibits to the Credit Agreement.  The
Exhibits to the Credit Agreement are revised by (i) deleting the contents of
Exhibit R-3 to the Credit Agreement in their entirety and replacing them with
the contents of Exhibit A to this Amendment and (ii) in Exhibit U to the Credit
Agreement (A) deleting the words “New Tranche B Term Loan Commitment” in each
instance in such Exhibit and replacing them with the words “New Tranche D Term
Loan Commitment”, (B) deleting the words “New Tranche B Term Loan Lender” in
each instance in such Exhibit and replacing them with the words “New Tranche D
Term Loan Lender” and (C) deleting the words “New Tranche B Term Loan” in each
instance in such Exhibit and replacing them with the words “New Tranche D Term
Loan”.

 

B.            Representations and Warranties.  To
induce the other parties hereto to enter into this Amendment, the Borrowers
represent and warrant to each of the Lenders (including the Additional Lenders)
and the Administrative Agent that, as of the Second Amendment Effective Date:

 

1.             This Amendment has been duly authorized,
executed and delivered by the Borrowers and Holdings and this Amendment and the
Credit Agreement, as amended hereby, constitutes each of the Borrowers’ and
Holdings’ legal, valid and binding obligation, enforceable against it in
accordance with its terms except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting creditors’ rights generally and by general principles of equity
(regardless of whether such enforceability is considered in a proceeding at law
or in equity).

 

2.             The representations and warranties set forth
in Section 8 of the Credit Agreement are, after giving effect to this
Amendment, true and correct in all material respects on and as of the Second
Amendment Effective Date, except where such representations and warranties
expressly relate to an earlier date (in which case they were true and correct
in all material respects as of such earlier date).

 

9

 

3.             No Default or Event of Default has occurred
and is continuing.

 

C.            Tranche D Term Loans.  (a)
Subject to the terms and conditions set forth herein, each Continuing Lender
and each Additional Lender agrees to make Tranche D Term Loans to the US Borrower
on the Second Amendment Effective Date in amounts equal to its Tranche D Term
Loan Commitment (as defined below). 
Notwithstanding anything herein or in the Credit Agreement to the
contrary, the aggregate principal amount of the Tranche D Term Loans shall not
exceed the aggregate principal amount of the Existing Tranche B Term Loans
immediately prior to the Second Amendment Effective Date.  For purposes hereof, a Person shall become an
Additional Lender and a party to the Credit Agreement by executing and
delivering to the Administrative Agent, on or prior to the Second Amendment
Effective Date, a signature page to this Amendment specifically in the capacity
of an “Additional Lender” setting forth the amounts of Tranche D Term Loans
such Person commits to make on the Second Amendment Effective Date.  The “Tranche D Term Loan Commitment”
for any Tranche D Term Loans of (i) any Continuing Lender shall be the
principal amount of its Existing Tranche B Term Loans or such lesser amount as
is determined by Goldman and UBS and notified to such Lender prior to the
Second Amendment Effective Date and (ii) any Additional Lender shall be the
amount of such commitment set forth on its signature page hereto or such lesser
amount as is allocated to it by Goldman and UBS and notified to it prior to the
Second Amendment Effective Date.  The
aggregate amount of Tranche D Term Loan Commitments shall equal the aggregate
principal amount of the Existing Tranche B Term Loans.

 

(b)  Each Continuing Lender and each Additional Lender
shall make Tranche D Term Loans on the Second Amendment Effective Date by (i)
exchanging its Existing Tranche B Term Loans, if any, for Tranche D Term Loans
in an equal principal amount (to the extent the amounts of such Existing
Tranche B Term Loans, if any, do not exceed the Tranche D Term Loan Commitment
of such Lender) and (ii) transferring to the Administrative Agent, in the
manner contemplated by the Credit Agreement (including Section 2.4
thereof), an amount equal to the excess, if any, of its Tranche D Term Loan
Commitment over the principal amount of Existing Tranche B Term Loans, if any,
exchanged by it pursuant to clause (i) above. 
The US Borrower hereby irrevocably directs the Administrative Agent pursuant
to Section 5.1 of the Credit Agreement to apply all proceeds of the
Tranche D Term Loans received hereunder immediately upon the receipt thereof to
prepay outstanding Existing Tranche B Term Loans.  The commitments of the Additional Lenders and
the exchange undertakings of the Continuing Lenders are several and no such
Lender shall be responsible for any other Lender’s failure to make or acquire
by exchange any Tranche D Term Loans.

 

(c)  The obligations of each Continuing Lender and
each Additional Lender to make Tranche D Term Loans on the Second Amendment
Effective Date are subject to the satisfaction of the following conditions:

 

a.             The Administrative Agent shall have received
a certificate of the US Borrower and Holdings dated the Second Amendment
Effective Date, substantially in the form of Exhibit P to the Credit Agreement,
with appropriate insertions, executed by the President or any Vice President
and the Secretary or any Assistant Secretary of such Credit Party, and
attaching the documents referred to in Sections 6.7 and 6.8 of the Credit
Agreement and, where applicable,

 

10

 

certifying as to the incumbency and specimen
signature of each officer executing any Credit Document or any other document
delivered in connection herewith on behalf of such Credit Party;

 

b.             The Administrative Agent shall have received
the executed legal opinions of (A) Simpson Thacher & Bartlett LLP, special
New York counsel to the Credit Parties substantially in the form of Exhibit A-1
to this Amendment and (B) Tom Riordan, general counsel to the Credit Parties,
substantially in the form of Exhibit A-2 to this Amendment;

 

c.             Each US Subsidiary Guarantor that has not
executed and delivered this Amendment shall have entered into a written
instrument reasonably satisfactory to Goldman and UBS pursuant to which it
confirms that it consents to this Amendment and that the Security Documents to
which it is party will continue to apply in respect of the Credit Agreement, as
amended hereby, and the Obligations thereunder;

 

d.             Goldman and UBS shall have received evidence
satisfactory to them that the US Borrower has made the payment referred to in Section 3(e)
or is making such payment on the Second Amendment Effective Date with the cash
proceeds of the Tranche D Term Loans and such other funds of the US Borrower as
may be required; and

 

e.             The conditions to effectiveness of this
Amendment set forth in Section 4 shall have been satisfied.

 

11

 

(d)  All Borrowings of Tranche D Term Loans made
on the Second Amendment Effective Date will have initial Interest Periods
ending on the same dates as the Interest Periods applicable at such time to the
Existing Tranche B Term Loans, and the Eurodollar Rate applicable to such
Tranche D Term Loans during such initial Interest Periods will be the same as
that applicable at such time to the Existing Tranche B Term Loans being
refinanced.  The US Borrower will not be
required to make any payments to Existing Tranche B Term Loan Lenders under Section 2.11
of the Credit Agreement in respect of the repayment of Existing Tranche B Term
Loans on the Second Amendment Effective Date pursuant to their exchange for
Tranche D Term Loans.

 

(e)  On the Second Amendment Effective Date, the
US Borrower shall apply the cash proceeds of the Tranche D Term Loans and such
other amounts as may be necessary to (i) prepay in full all Existing Tranche B
Term Loans (other than those that are exchanged for Tranche D Term Loans as
provided herein), (ii) pay all accrued and unpaid interest and fees, if any, on
all Existing Tranche B Term Loans, (iii) pay to each Existing Tranche B Term
Loan Lender all amounts payable pursuant to Section 2.11 of the Credit
Agreement as a result of the prepayment of such Lender’s Existing Tranche B
Term Loans (other than any portion thereof that is exchanged for Tranche D Term
Loans as provided herein) on the Second Amendment Effective Date and (iv) pay
all other Obligations then due and owing to the Existing Tranche B Term Loan
Lenders, in their capacity as such, under the Credit Agreement.

 

(f)  The Required Lenders hereby waive the
requirements of Section 5.1 of the Credit Agreement solely to the extent
that such Section requires any notice of prepayment to be given in respect
of the Existing Tranche B Term Loans to be prepaid on the Second Amendment
Effective Date.  Notwithstanding that the
Tranche B Term Loans shall be refinanced in full on the Second Amendment
Effective Date, the provisions of the Credit Agreement with respect to
indemnification, reimbursement of costs and expenses, increased costs and break
funding payments (other than as set forth in Section 3(d) above) will
continue in full force and effect with respect to, and for the benefit of, each
Existing Tranche B Term Loan Lender in respect of such Lender’s Existing
Tranche B Term Loans existing under the Credit Agreement prior to the Second
Amendment Effective Date.

 

D.            Effectiveness of Amendment.  The
effectiveness of this Amendment and the occurrence of the Second Amendment Effective
Date are subject to receipt by the Administrative Agent (or its counsel) of
duly executed counterparts of this Amendment that, when taken together, bear
the signatures of (a) the Borrowers and Holdings, (b) the Required Lenders
and (c) each of the Continuing Lenders and each of the Additional Lenders.

 

E.             Effect of Amendment. 
Except as expressly set forth herein, this Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Lenders, the Administrative Agent or the
Collateral Agent under the Credit Agreement or any other Credit Document, and
shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other provision of the Credit Agreement or of any other Credit
Document, all of which are ratified and affirmed in all respects and shall

 

12

 

continue in full force and
effect.  Nothing herein shall be deemed
to entitle the Borrowers to a further consent to, or a further waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Credit Document in similar or different circumstances.

 

F.             Costs and Expenses.  The
US Borrower agrees to reimburse Goldman and UBS for their reasonable out of
pocket expenses in connection with this Amendment, including the reasonable
fees, charges and disbursements of their counsel to the extent provided for in Section 14.5
of the Credit Agreement.

 

G.            Counterparts.  This
Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and
delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. 
Delivery of any executed counterpart of a signature page of this
Amendment by facsimile transmission shall be as effective as delivery of a
manually executed counterpart hereof.

 

H.            Applicable Law.  THIS
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

 

I.              Headings.  The headings of this Amendment
are for purposes of reference only and shall not limit or otherwise affect the
meaning hereof.

 

13

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed by their
respective officers as of the day and year first above written.

 

 

	
   

  	
  ROCKWOOD SPECIALTIES GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas J. Riordan

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Thomas J. Riordan

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ROCKWOOD SPECIALTIES LIMITED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas J. Riordan

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Thomas J. Riordan

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ROCKWOOD SPECIALTIES INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas J. Riordan

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Thomas J. Riordan

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Secretary

  
					

 

 

SIGNATURE PAGE TO

SECOND AMENDMENT

DATED AS OF DECEMBER 10, 2004,

TO THE CREDIT AGREEMENT

DATED AS OF JULY 30, 2004, AS AMENDED

AS OF OCTOBER 8, 2004

 

	
  To approve Second Amendment:

  
	
   

  
	
  Name of Institution:

  
	
  CREDIT SUISSE FIRST BOSTON

  
	
  Acting through its Cayman Islands Branch

  
	
  as a Continuing Lender

  
	
   

  
	
  by

  	
  /s/ S. William Fox

  	
   

  
	
   

  	
  Name:

  	
  S. William Fox

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
  by

  	
  /s/ David J. Dodd

  	
   

  
	
   

  	
  Name:

  	
  David J. Dodd

  
	
   

  	
  Title:

  	
  Associate

  
				

 

 

SIGNATURE PAGE TO

SECOND AMENDMENT

DATED AS OF DECEMBER 10, 2004,

TO THE CREDIT AGREEMENT

DATED AS OF JULY 30, 2004, AS AMENDED

AS OF OCTOBER 8, 2004

 

	
  To approve Second Amendment:

  
	
   

  
	
  Name of Institution:

  
	
   

  
	
  Goldman Sachs Credit Partners L.P.

  
	
  as an Additional Lender

  
	
   

  
	
  by

  	
  /s/ William W. Archer

  	
   

  
	
   

  	
  Name:

  	
  William W. Archer

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  
	
  Tranche D Term Loan Commitment:

  
	
   

  
	
  $163,500,000.00

  
				

 

 

EXHIBIT A

TO THE SECOND AMENDMENT TO
THE CREDIT AGREEMENT

 

EXHIBIT R-3

TO THE CREDIT AGREEMENT

 

FORM OF PROMISSORY NOTE (TRANCHE D TERM
LOANS)

 

	
   

  	
  New York

  
	
  $

  	
  [            ],
  20[  ]

  

 

FOR VALUE RECEIVED, the undersigned,
ROCKWOOD SPECIALTIES GROUP, INC., a 
Delaware corporation (the “US Borrower”), hereby unconditionally
promises to pay to the order of [Lender] or its registered assigns (the “Lender”),
at the Administrative Agent’s Office or such other place as Credit Suisse First
Boston, acting through its Cayman Islands Branch (the “Administrative Agent”),
shall have specified, in Dollars and in immediately available funds, in
accordance with Section 2.5 of the Credit Agreement (as defined below) on
the Tranche D Term Loan Maturity Date (capitalized terms used and not otherwise
defined herein shall have the meanings assigned to such terms in the Credit
Agreement), the principal amount of [          
] Dollars ($[        ]) or, if
less, the aggregate unpaid principal amount of all Tranche D Term Loans, if
any, made by the Lender to the US Borrower pursuant to the Credit
Agreement.  The US Borrower further
unconditionally promises to pay interest in like money at such office on the
unpaid principal amount hereof from time to time outstanding at the rates per
annum and on the dates specified in Section 2.8 of the Credit Agreement.

 

This Promissory Note is one
of the promissory notes referred to in Section 14.6 of the Credit
Agreement dated as of July 30, 2004 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the US
Borrower, Rockwood Specialties Limited (the “UK Borrower”), Rockwood
Specialties International, Inc., the several lenders from time to time parties
thereto, the Administrative Agent and UBS Securities LLC and Goldman Sachs
Credit Partners L.P., as Co-Syndication Agents. 
This Promissory Note is subject to, and the Lender is entitled to the
benefits of, the provisions of the Credit Agreement, and the Tranche D Term
Loans evidenced hereby are guaranteed and secured as provided therein and in
the other Credit Documents.  The Tranche
D Term Loans evidenced hereby are subject to prepayment prior to the Tranche D
Term Loan Maturity Date, in whole or in part, as provided in the Credit
Agreement.

 

All parties now and
hereafter liable with respect to this Promissory Note, whether maker,
principal, surety, guarantor, endorser or otherwise, hereby waive diligence,
presentment, demand, protest and notice of any kind whatsoever in connection

 

 

with
this Promissory Note.  No failure to
exercise and no delay in exercising, on the part of the Administrative Agent or
the Lender, any right, remedy, power or privilege hereunder or under the Credit
Documents shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder or thereunder
preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege.  A
waiver by the Administrative Agent or the Lender of any right, remedy, power or
privilege hereunder or under any Credit Document on any one occasion shall not
be construed as a bar to any right or remedy that the Administrative Agent or
the Lender would otherwise have on any future occasion.  The rights, remedies, powers and privileges
herein provided are cumulative, may be exercised singly or concurrently and are
not exclusive of any rights, remedies, powers and privileges provided by law.

 

All payments in respect of
the principal of and interest on this Promissory Note shall be made to the
Person recorded in the Register as the holder of this Promissory Note, as
described more fully in Section 14.6(b) of the Credit Agreement, and such
Person shall be treated as the Lender hereunder for all purposes of the Credit
Agreement.

 

THIS PROMISSORY NOTE SHALL
BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.

 

	
   

  	
  ROCKWOOD SPECIALTIES GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  by

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   Name:

  
	
   

  	
   

  	
   Title:

  

 

 

Schedule A

to Second Amendment

 

Tranche D Term Loan Commitments

 

	
  Continuing
  Lenders:

  	
   

  	
   

  	
   

  
	
  See list
  attached hereto

  	
   

  	
  $980,500,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Additional
  Lenders:

  	
   

  	
   

  	
   

  
	
  Goldman
  Sachs Credit Partners L.P.

  	
   

  	
  $164,500,000.00

  	
   

  

 

 

CONTINUING
LENDERS

 

ACCESS
INSTITUTIONAL LOAN FUND

ACM
INCOME FUND

ADVENT
CREDIT SPV LLC

AIM
FLOATING RATE FUND

AMERICAN
EXPRESS CERTIFICATE

APEX
(TRIMARAN) CDO I LTD

ARCHIMEDES
FUNDING IV (CAY)LTD

ATRIUM
II

ATRIUM
III

AURUM
CLO 2002-1 LTD

AVENUE
CLO FUND LTD

AVERY
POINT CLO LTD

AZURE
FUNDING

BIG
SKY III SENIOR LOAN TRUST

BIG
SKY SENIOR LOAN FUND LTD

BIRCHWOOD
FUNDING LLC

BLACK
DIAMOND CLO 2000-1 LTD

BLACKROCK
GLOBAL FLOATING RATE

BLACKROCK
LIMITED DURATION INC

BLACKROCK
SENIOR INCOME SERIES

BLUE
SQUARE FUNDING LTD SER 3

BRYN
MAWR CLO LTD

BUSHNELL
CBNA LOAN FUNDING LLC

CALLIDUS
DEBT PRTNS CLO FD II

CALLIDUS
DEBT PRTNS CLO FD III

CALLIDUS
DEBT PTNRS FD III LLC

CANADIAN
IMPERIAL BANK OF COMM

CASTLE
HILL I-INGOTS LTD

CELERITY
CLO LTD

CENTURION
CDO 8 LTD

CENTURION
CDO II LTD

CENTURION
CDO VI

CENTURION
CDO VII LTD

CHAMPLAIN
CLO LTD

CHARTER
VIEW PORTFOLIO

CIC
- CREDIT INDUSTRIEL ET COM

CITADEL
HILL 2000 LTD

CITADEL
HILL 2004 LTD

CITIBANK
NA

CITICORP
INS INVST TRUST

CITIGROUP
INVESTMENTS CORPORAT

CLOSE
INTERNATIONAL CUSTODY

CLT
LP

 

 

COMMERZBANK
AG

CONSTANTINUS
EATON VANCE CDO V

CONTINENTAL
ASSURANCE CO.

CONTINENTAL
CASUALTY COMPANY

COSTANTINUS EATON VANCE CDO V

CREDIT SUISSE ASSET MGMT SYND

CSAM
FUNDING I

CSAM
FUNDING III

CSFB

CSFB
INTERNATIONAL (TRADING)

C-SQUARED
CDO LTD

CYPRESSTREE
CLAIF FUND LLC

DEBT
STRATEGIES FUND INC.

DENALI CAP CLO I LTD

DENALI CAPITAL CLO II LTD

DENALI CAPITAL CLO III LTD

DENALI
CAPITAL CLO IV LTD

DIVERSIFIED
CREDIT PORTFOLIO L

DRYDEN
IV LEVERAGED CDO 2003

DRYDEN
LEVERAGE LN CDO 2002-II

DRYDEN
V LEVERAGED LOAN 2003

DRYDEN
VII LEVERAGED LOAN CDO

EAGLE
LOAN TRUST

EAGLE
MASTER FUND LTD

EATON
VANCE CDO III LTD

EATON
VANCE CDO VI LTD

EATON
VANCE FLOATING RATE

EATON
VANCE INST. SENIOR LOAN

EATON
VANCE LTD DURATION INC

EATON
VANCE SENIOR FLOATING RA

EATON
VANCE SENIOR INCOME TR

EATON
VANCE VT FLOATING RATE

ECL
FUNDING LLC

ELF
FUNDING TRUST I

ELF
FUNDING TRUST III

EMERALD
ORCHARD LIMITED

ENDURANCE
CLO I LTD

EVERGLADES
SPIRET LOAN TRUST

FIDELITY
ADV SERIES II: FAFRHI

FIRST
2004 I CLO LTD

FIRST
2004 II CLO LTD

FIRST
TRUST FOUR CORNERS (FCM)

FIRST
TRUST FOUR CORNERS (FCT)

FIRST
TRUST FOUR CORNERS (FCT)

FLAGSHIP
CLO 2001-1

FLAGSHIP
CLO II

 

 

FLAGSHIP
CLO III

FLOATING
RATE INC SR FD II INC

FLOATING
RATE INCOME STRAT FND

FOREST
CREEK CLO LTD

FOX
RIVER CLO LTD

FOXE
BASIN CLO 2003 LTD

GALAXY
CLO 1999-1, LTD

GALAXY
CLO 2003-1 LTD

GALAXY
III CLO LTD

GLENEAGLES
TRADING

GRANITE
VENTURES I LTD

GRAYSON
& CO

GULF
STREAM COMPASS CLO 2002-1

GULF
STREAM COMPASS CLO 2003-1

GULF
STREAM COMPASS CLO 2004-I

HAMILTON
CDO LTD

HANOVER
SQUARE CLO LTD

HARBOUR
TOWN

HEWETTS
ISLAND CLO II LTD

HIGHLAND
FLOATING RATE

HIGHLAND
FLOATING RATE ADV

HIGHLAND
LOAN FUNDING V LTD.

HUDSON
STRAITS CLO 2004 LTD

IDS
LIFE INSURANCE COMPANY

ING
ORYX CLO LTD

ING
PRIME RATE TRUST

ING
SENIOR INCOME FUND

IXIS
LOOMIS SAYLES SENIOR LOAN

JEFFERSON
PILOT LIFE INSURANCE

JUPITER
LOAN FUNDING LLC

KALDI
FUNDING LLC

KATONAH
I LTD

KATONAH
II LTD

KATONAH
III, LTD

KATONAH
IV LTD

KATONAH
V LTD.

KATONAH
VI LTD

KZH
CRESCENT-3 LLC

KZH
CYPRESS TREE - 1 LLC

KZH
SOLEIL 2 LLC

KZH
SOLEIL LLC

KZH
Sterling LLC

L
A FUNDING LLC

LANDMARK
IV CDO LTD

LCM
I LIMITED PARTNERSHIP

LCM
II LIMITED PARTNERSHIP

 

 

LIGHT
POINT CLO 2004-1

LOAN
FUNDING I LLC

LOAN
FUNDING IV LLC

LOAN
FUNDING IX LLC

LOAN
FUNDING V LLC

LOAN
FUNDING VI LLC

LOAN
FUNDING VII LLC

LOAN
FUNDING XI LLC

LOAN
STAR STATE TRUST

LONG
GROVE CLO LTD

LONG
LANE MASTER TR II

LONGHORN
CDO II LTD

LONGHORN
CDO III LTD

LOOMIS
SAYLES SENIOR LOAN FUND

MAGNETITE
ASSET INVESTORS, L.L

MAGNETITE
ASSET INVSTR III

MAGNETITE
IV CLO LIMITED

MAGNETITE
V CLO LTD

MAINSTAY
FLOATING RATE FUND

MARINER
CDO 2002 LTD

MARKET
SQUARE CLO LTD

MASTER
SENIOR FLOATING RATE TR

METLIFE
BANK NATIONAL ASSOCIAT

METROPOLITAN
LIFE INSURANCE CO

ML
GIS INCOME STRATEGIES PORTF

ML
PRIME RATE PORTF

MONUMENT
PARK CDO LTD

MORGAN
STANLEY PRIME INCOME TR

MORGAN
STANLEY SENIOR FUNDING

MOUNTAIN
CAPITAL CLO II LTD

MOUNTAIN
CAPITAL CLO III LTD

MUIRFIELD
TRADING LLC

NAVIGATOR CDO 2003 LTD

NAVIGATOR CDO 2004 LTD

NEMEAN
CLO LTD

NEW
ALLIANCE GLOBAL CDO LTD

NEW
YORK LIFE INSURANCE & ANNU

NEW
YORK LIFE INSURANCE CO

NORINCHUKIN
BANK

NORTHWOODS
CAPITAL III LIMITED

NORTHWOODS
CAPITAL IV LTD

NUVEEN
FLOATING RATE INCOME

NUVEEN
FLOATING RATE INCOMEOPP

NUVEEN
SENIOR INCOME FUND

NYLIM
FLATIRON CLO 2003-1 LTD

NYLIM
FLATIRON CLO 2004-1 LTD

 

 

OCTAGON
INVESTMENT PARTNERS II

OCTAGON
INVESTMENT PTNRS IV

OCTAGON
INVESTMENT PTNRS V

OCTAGON
INVESTMENT PTNRS VI

OCTAGON
INVESTMENT PTNRS VII

OLYMPIC
CLO I

PINEHURST
TRADING, INC

PNC
BANK NA

PREMIUM
LOAN TRUSTI

PROSPERO
CLO I BV

RACE
POINT CLO LIMITED

RACE
POINT II CLO LTD

REGIMENT
CAPITAL LTD

RIVIERA
FUNDING LLC

ROSEMONT
CLO LTD

SAGAMORE
CLO LTD

SANKATY
HIGH YIELD PARTNERS II

SANKATY
HY PARTNERS III LP

SARATOGA
CLO I LIMITED

SAWGRASS
TRADING LLC

SECURITY
INCOME FUND INCOME

SEMINOLE
FUNDING LLC

SENECA
CBO IV LTD

SENIOR
DEBT PORTFOLIO

SENIOR
HIGH INCOME PORTFOLIO

SENIOR
LOAN FUND

SENIOR
LOAN PORTFOLIO

SEQUILS
CENTURION V LTD

SEQUILS-LIBERTY,
LTD

SKY
CBNA LOAN FUNDING LLC

SOL
LOAN FUNDING LLC

SOUTHFORK
CLO LTD

SRF
2000 INC

STANFIELD
CARRERA CLO LTD

STANFIELD
MODENA CLO LTD

STANFIELD
QUATTRO

STANWICH
LOAN FUNDING LLC

STONE
TOWER CDO LTD

STONE
TOWER CLO II LTD

SUN
AMERICA SENIOR FLOATING

SUN
LIFE ASSURANCE COMPANY

SUNAMERICA
LIFE INSURANCE CO

TCW
SELECT LOAN FUND LIMITED

TOLLI
& CO

TORONTO
DOMINION (NEW YORK)

TRAVELERS
INSURANCE CO

 

 

TRUMBULL
THC2 LOAN FUNDING LLC

UBS
AG

ULT
CBNA LOAN FUNDING LLC

UNION
SQUARE CDO LTD

VAN
KAMPEN SENIOR INCOME TRUST

VAN
KAMPEN SENIOR LOAN FUND

VELOCITY
CLO LTD

VENTURE
CDO 2002 LTD

VENTURE
II CDO 2002 LIMITED

VENTURE
III CDO LIMITED

VENTURE
IV CDO LTD

VERITAS
CLO I LTD WAREHOUSE

VISTA
LEVERAGED INCOME FUND

WB
LOAN FUNDING 1 LLC

WESTERN
ASSET FLOATING RATE

WHITEHORSE
I LTD

WHITEHORSE
II LTD

WIND
RIVER CLO I LTD.

WINGED
FOOT FUNDING TRUST

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}]]