<SUBMISSION>
<ACCESSION-NUMBER>0000950148-06-000087
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20060801
<ITEMS>2.01
<ITEMS>9.01
<FILING-DATE>20060807
<DATE-OF-FILING-DATE-CHANGE>20060807
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMERON INTERNATIONAL CORP
<CIK>0000790730
<ASSIGNED-SIC>3270
<IRS-NUMBER>770100596
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1130
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-09102
<FILM-NUMBER>061010148
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>245 S LOS ROBLES AVE
<CITY>PASADENA
<STATE>CA
<ZIP>91101
<PHONE>6266834000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>245 S LOS ROBLES AVE
<CITY>PASADENA
<STATE>CA
<ZIP>91101
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AMERON INC/DE
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v22779e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 16%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August&nbsp;1, 2006</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>AMERON INTERNATIONAL CORPORATION</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as Specified in its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction<BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-9102</B><BR>
(Commission<BR>
File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>77-0100596</B><BR>
(IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>245 South Los Robles Ave., Pasadena, California 91101</B><BR>
(Address of principal executive offices) (Zip Code)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>(626)&nbsp;683-4000</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>N/A</B><BR>
(Former name, former address and former fiscal year, if changed since last report.)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.01. Completion of Acquisition or Disposition of Assets.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On August&nbsp;1, 2006, Ameron International Corporation (&#147;Ameron&#148; or the &#147;Registrant&#148;) and certain of
its subsidiaries completed the previously announced sale of substantially all of the assets and
certain specified liabilities of its worldwide Performance Coatings &#038; Finishes business (the
&#147;Coatings Business&#148;) to PPG Industries, Inc. (&#147;PPG&#148;) and certain of its subsidiaries, pursuant to
an asset purchase agreement entered into between Ameron and PPG on June&nbsp;28, 2006, and amended as of
July&nbsp;31, 2006 (as amended, the &#147;Agreement&#148;). The total consideration received by Ameron upon the
closing of the transaction was $115&nbsp;million in cash. In addition, the Agreement includes a
post-closing purchase price adjustment, which based on Ameron&#146;s current estimate of net assets
would result in approximately $5&nbsp;million of additional consideration.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Certain assets were excluded from the sale, including cash and cash equivalents and certain real
properties that are currently used in the Coatings Business. Ameron intends to sell those retained
properties in the next 12 to 18&nbsp;months and expects to generate additional proceeds of approximately
$15&nbsp;million, based on current estimates of market values.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the Agreement, PPG assumed certain liabilities related to the Coatings Business,
including, without limitation, (i)&nbsp;warranty and guaranty obligations and liabilities for products
sold or manufactured by Ameron, (ii)&nbsp;all environmental liabilities associated with the real
properties that PPG is acquiring and (iii)&nbsp;general tort liability.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the Agreement, PPG did not assume certain other liabilities related to Ameron&#146;s
operation of the Coatings Business, including, without limitation, (i)&nbsp;any liability of the
Coatings Business arising out of asbestos, silica or lead and (ii)&nbsp;any pre-closing environmental
liabilities related to the real properties that Ameron will be retaining. Additionally, PPG did
not assume any liabilities related to Ameron&#146;s lawsuits with Dominion Exploration and Production,
Inc. and Pioneer Natural Resources USA, Inc. and with Sable Offshore Energy Inc. (as those lawsuits
are more particularly described in Ameron&#146;s Annual Report on Form 10-K for the year ended November
30, 2005).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing description of the Agreement and the transactions consummated pursuant thereto is
qualified in its entirety by reference to the Agreement attached as Exhibit&nbsp;2.1 hereto and the copy
of the press release announcing the closing of the transaction attached as Exhibit&nbsp;99.1 hereto,
each of which is incorporated by reference herein.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>
</DIV>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;Pro Forma Financial Information
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following unaudited pro forma condensed consolidated financial statements are based upon and
should be read in conjunction with historical consolidated financial statements and related notes
of Ameron.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The unaudited pro forma condensed consolidated balance sheet of Ameron as of June&nbsp;4, 2006 and
statements of operations for the six months ended June&nbsp;4, 2006 and for the year ended November&nbsp;30,
2005, give effect to the disposition of substantially all of the assets and certain specified
liabilities of Ameron&#146;s worldwide Performance Coatings &#038; Finishes business to PPG Industries, Inc.
and certain of its subsidiaries as if the sale occurred, for balance sheet purposes, on June&nbsp;4,
2006 and, for statements of operations purposes, on December&nbsp;1, 2004.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The unaudited pro forma condensed consolidated financial statements have been prepared based upon
currently available information, estimates and assumptions that are deemed appropriate by Ameron&#146;s
management. The unaudited pro forma condensed consolidated financial statements are not necessarily
indicative of the results that would have been reported had such transaction actually occurred on
the dates specified, nor are they indicative of our future results of operations or financial
condition. The unaudited pro forma condensed consolidated financial statements are based on and
should be read in conjunction with, and are qualified in its entirety by, the historical
consolidated financial statements and notes thereto of Ameron.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The unaudited pro forma condensed consolidated financial statements of Ameron are prepared in
accordance with Article&nbsp;11 of <FONT STYLE="white-space: nowrap">Regulation&nbsp;S-X</FONT>.
</DIV>



<P align="center" style="font-size: 10pt">
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES<BR>
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF INCOME<BR>
SIX MONTHS ENDED JUNE 4, 2006</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pro Forma</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pro Forma</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>(In thousands, except share and per share data)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Historical</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Adjustments</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As Adjusted</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">368,991</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(110,362</TD>
    <TD nowrap>)(a)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">258,629</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(275,186</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">79,910</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(195,276</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross Profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,805</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30,452</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63,353</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling, General and Administrative Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75,859</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">29,350</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46,509</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Income, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,206</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,842</TD>
    <TD nowrap>)(a)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,364</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before Interest, Income Taxes and Equity in Earnings of
Joint Venture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,152</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,944</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,208</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest Expense, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,848</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(71</TD>
    <TD nowrap>)(a)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,919</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before Income Taxes and Equity in Earnings of Joint Venture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,304</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,015</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,289</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for Income Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,574</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1,662</TD>
    <TD nowrap>(b)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7,912</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before Equity in Earnings of Joint Venture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,730</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,353</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,377</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity in Earnings of Joint Venture, Net of Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,583</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,583</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net Income from Continuing Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">22,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(1,353</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">20,960</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net Income per Share from Continuing Operations:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(.16</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(.15</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted-Average Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,641,965</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,641,965</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,814,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,814,700</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">See accompanying notes to the unaudited pro forma condensed consolidated financial statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES<BR>
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF INCOME<BR>
YEAR ENDED NOVEMBER 30, 2005</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pro Forma</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pro Forma</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>(In thousands, except share and per share data)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Historical</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Adjustments</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As Adjusted</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">704,574</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(209,807</TD>
    <TD nowrap>)(a)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">494,767</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(522,467</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">152,910</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(369,557</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross Profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">182,107</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(56,897</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">125,210</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling, General and Administrative Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(145,954</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">57,009</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(88,945</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Income, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,141</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,004</TD>
    <TD nowrap>)(a)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,137</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before Interest, Income Taxes and Equity in Earnings of
Joint Venture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,294</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,892</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,402</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest Expense, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,219</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(301</TD>
    <TD nowrap>)(a)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,520</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before Income Taxes and Equity in Earnings of Joint Venture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,075</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,193</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,882</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for Income Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14,470</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2,961</TD>
    <TD nowrap>(b)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11,509</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before Equity in Earnings of Joint Venture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,232</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,373</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity in Earnings of Joint Venture, Net of Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net Income from Continuing Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">32,610</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(2,232</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">30,378</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net Income per Share from Continuing Operations:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3.88</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(.27</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3.61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3.80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(.26</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3.54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted-Average Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,410,563</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,410,563</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,579,194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,579,194</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">See accompanying notes to the unaudited pro forma condensed consolidated financial statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES<BR>
UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEETS<BR>
AT JUNE 4, 2006</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pro Forma</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Pro Forma</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>(In thousands)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Historical</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Adjustments</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As Adjusted</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and Cash Equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">47,691</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">47,691</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Restricted Cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,001</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivables, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,532</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(55,335</TD>
    <TD nowrap>)(c)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132,197</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">118,377</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46,323</TD>
    <TD nowrap>)(c)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,054</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred Income Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,598</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,623</TD>
    <TD nowrap>)(d)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,975</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Prepaid Expenses and Other Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,987</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,585</TD>
    <TD nowrap>)(c)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,402</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">401,186</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(107,866</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">293,320</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investments in Joint Ventures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,525</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,138</TD>
    <TD nowrap>)(c)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,387</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, Plant and Equipment, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">157,401</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26,710</TD>
    <TD nowrap>)(e)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">130,691</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred Income Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">563</TD>
    <TD nowrap>(d)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">563</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible Assets, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,328</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11,687</TD>
    <TD nowrap>)(f)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,641</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,160</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">628,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(147,838</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">480,762</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities and Stockholders&#146; Equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current Portion of Long-Term Debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,333</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,333</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Trade Payables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,768</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(19,094</TD>
    <TD nowrap>)(g)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39,674</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,596</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,112</TD>
    <TD nowrap>)(g)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64,484</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income Taxes Payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,747</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(845</TD>
    <TD nowrap>)(h)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,902</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total Current Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">158,444</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,051</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">129,393</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-Term Debt, Less Current Portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82,717</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82,717</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Long-Term Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,061</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(720</TD>
    <TD nowrap>)(g)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64,341</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">306,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29,771</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">276,451</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Common Stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,755</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,755</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Additional Paid-In Capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,339</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,339</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Retained Earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">345,599</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(111,591</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">234,008</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated Other Comprehensive Loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31,837</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,476</TD>
    <TD nowrap>)(i)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(38,313</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Treasury Stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(50,478</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(50,478</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total Stockholders&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">322,378</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(118,067</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">204,311</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Liabilities and Stockholders&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">628,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(147,838</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">480,762</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to the unaudited pro forma condensed consolidated financial statements.
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Note 1 &#151; Ameron Basis of Presentation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Historical financial information for Ameron as of and for the six months ended June&nbsp;4, 2006 has
been derived from unaudited historical consolidated financial statements included in Ameron&#146;s
Quarterly Report on Form 10-Q for the quarter ended June&nbsp;4, 2006. Historical financial information
for the year ended November&nbsp;30, 2005 has been derived from audited historical consolidated
financial statements included in Ameron&#146;s 2005 Annual Report on Form 10-K.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Note 2 &#151; Pro Forma Adjustments</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pro forma adjustments represent the exclusion of the Performance Coatings &#038; Finishes Group for the
period present. The Performance Coatings &#038; Finishes Group was sold to PPG, Industries effective
August&nbsp;1, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The pro forma adjustments included in the unaudited pro forma condensed consolidated financial
statements are preliminary and subject to change upon completion of a more comprehensive analysis
by the Company. The Company expects to complete this analysis prior to finalization of its
financial statements for the quarter ended September&nbsp;3, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The estimated pretax gain on the disposition of the Performance Coatings &#038; Finishes Group is $3.5
million based on the total consideration of $115&nbsp;million. The pretax gain calculation is
preliminary, excludes the effect of realized cumulative translation adjustment, and is subject to
change upon finalization of the transaction closing balance sheet.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The pro forma adjustments are as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subsequent to the close, the Company will no longer have revenues and related costs
associated with the disposed business. These adjustments are recorded to eliminate the net
sales, cost of sales and operating expenses which the Company believes are directly
attributable to the disposed business and will not continue after the completion of the
transaction.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provision for income taxes has been adjusted on a pro forma basis reflecting the
effective income tax rate associated with the Performance Coatings &#038; Finishes Group.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate the assets sold to PPG.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate an estimate of the deferred tax assets to be realized at the close of the
transaction.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate the property, plant and equipment, net excluding the retained properties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate an estimate of intangible assets relating to the disposition of the
Performance Coatings &#038; Finishes Group.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate the liabilities assumed by PPG.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate an estimate of the income tax payable associated with the Performance
Coatings &#038; Finishes Group.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To eliminate the amount of accumulated translation adjustment to be realized at the
close of the transaction.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Exhibits
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Asset Purchase Agreement dated as of
June&nbsp;28, 2006, as amended as of July&nbsp;31, 2006, by and among
Ameron International Corporation and certain of its
subsidiaries and PPG Industries, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated August&nbsp;2, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">AMERON INTERNATIONAL CORPORATION</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: August&nbsp;7, 2006
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Javier Solis</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Javier Solis</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President &#038; Secretary</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Asset Purchase Agreement dated as of June&nbsp;28, 2006, as
amended as of July&nbsp;31, 2006, by and among Ameron
International Corporation and certain of its subsidiaries
and PPG Industries, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated August&nbsp;2, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>v22779exv2w1.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv2w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXECUTION COPY</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>AMENDED AND RESTATED</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>ASSET PURCHASE AGREEMENT</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">by and among

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron International Corporation

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron B.V.

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron (Pte) Ltd.

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron (Australia) Pty &#151; Limited

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron Holdings (NZ)&nbsp;Limited

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron (New Zealand) Limited

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron (UK)&nbsp;Limited

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Amercoat Japan Company, Limited

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Ameron Sp. z o.o.

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">and

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">PPG Industries, Inc.

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Dated as of June&nbsp;28, 2006<BR>
and amended as of July&nbsp;31, 2006

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>TABLE OF CONTENTS</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE I DEFINITIONS</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certain Defined Terms</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Definitional Provisions</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE II CLOSING; PURCHASE PRICE AND ADJUSTMENT</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sale and Transfer of the Purchased Assets</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Excluded Assets</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumption of Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">14</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liabilities Not Assumed</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Closing; Consideration</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchase Price Adjustment</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE III CONDITIONS TO CLOSING</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Buyer&#146;s Obligation</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sellers&#146; Obligation</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLERS</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Authority; No Conflicts; Governmental Consents</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Equity Investment</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Authorization and Validity of Agreement</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements; Absence of Changes</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Taxes</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchased Assets Other than Real Property Interests</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Real Property Interests</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contracts</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Proceedings and Judgments</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">26</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefits</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">26</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Environmental Matters</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee and Labor Relations</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance With Law; Permits</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchased Assets of the Business; Operations of the Business</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Effect of Transfer</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Territorial Restrictions</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.19</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Inventories</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.20</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Products</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.21</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accounts Receivable</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.22</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Absence of Certain Business Practices</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.23</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Guarantees</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.24</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Geldermalsen Plant</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">i
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.25</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.26</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Excluded Assets</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.27</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Disclaimer</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE V REPRESENTATIONS AND WARRANTIES OF BUYER</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Authority; No Conflicts; Governmental Consents</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Actions and Proceedings, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Buyer&#146;s Acknowledgment</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VI COVENANTS OF SELLER</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Access to Information</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ordinary Conduct</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Current Information</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance; Administration of Insurance</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accounts Receivable</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confidential Information</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consents</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notification of Certain Matters</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Further Assurances</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Disclosure Supplements</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-Competition; Non-Solicitation</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Geldermalsen Separation Plan</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VII COVENANTS OF BUYER</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confidentiality</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Waiver of Bulk Sales Law Compliance</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property Claims</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Further Assurances</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VIII MUTUAL COVENANTS</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Antitrust Law Filings; Permits; Novations and Consents</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reasonable Efforts</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Publicity</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VAT and GST</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cooperation After Closing</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Records</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Access to Former Business Records and Employees</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Use of Trademark and Trade Names</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE IX EMPLOYEE BENEFIT MATTERS</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Offer of Employment</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Participation in Seller Plans</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Salary, Benefits and Participation in Buyer Plans</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumption of Union Agreements</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Disposition of Ameron 401(k) Retirement and Savings Plan</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">ii
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Welfare Plans</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Severance</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vacation and Sick Pay</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Foreign Plans</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consultation, Notice and Approval Requirements</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE X INDEMNIFICATION</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indemnification by Seller</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indemnification by Buyer</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Losses Net of Insurance and Tax Benefit, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">48</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Termination of Indemnification</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">48</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Procedures Relating to Indemnification</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Survival of Representations and Agreements</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE XI TAX MATTERS</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">51</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liability and Indemnification for Certain Taxes</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">51</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchase Price Allocation</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">51</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transfer Taxes</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">52</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE XII GENERAL PROVISIONS</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">52</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assignment</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">52</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Third-Party Beneficiaries</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">53</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Termination</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">53</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Expenses</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Equitable Relief</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendments</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notices</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interpretation; Exhibits and Schedules</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">55</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Counterparts</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Severability</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Governing Law</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Disclaimers and Waivers</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Waiver of Compliance; Consents</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Entire Agreement</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Foreign Currencies</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">EXHIBITS
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Bills of Sale
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exhibit&nbsp;A</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Assignment and Assumption Agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exhibit&nbsp;B</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Trademark License Agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exhibit&nbsp;C</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Agreement Regarding Use of Domain Names
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exhibit&nbsp;D</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Lease Agreements
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exhibit&nbsp;E</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Geldermalsen Separation Plan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Exhibit&nbsp;F</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:30px; text-indent:-15px">Form of Exclusive IP License-Back Agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exhibit&nbsp;G</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">iii
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>List of Schedules</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.1(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accounting Principles</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.1(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Business Employees</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.2(f)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Knowledge</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.1(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Acquired Property</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.1(f)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.2(e)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Excluded Intellectual Property</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.2(j)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Retained Property</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.2(n)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Excluded Adhesives and Adhesive Products</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.2(o)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Excluded Assets</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.2(p)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Excluded Contracts</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.4(h)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Excluded Liabilities</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.6(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reference Balance Sheet</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;3.1(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Closing Consents of Sellers</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;3.2(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Closing Consents of Buyer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.1(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Good Standing</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.1(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Conflict</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.1(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consents</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.2(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Equity Investment</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.2(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Minority Shares</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.4(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with GAAP</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.4(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Absence of Changes</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Taxes</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Permitted Liens</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.7(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Owned Property; Leased Property</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.7(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restrictions, Easements and Encumbrances</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.8(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property Liens</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.8(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trademark Jurisdictions</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.8(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property Licenses</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.8(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property Claims</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contracts</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.11(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller Plans</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.11(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Qualified Plans</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.11(f)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller Plans Non-Compliance</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.11(g)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Acceleration of Benefits</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.12(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Environmental Reports</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Labor Matters</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.14(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Law</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.14(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Permits</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.14(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Environmental Permits</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="white-space: nowrap">Schedule&nbsp;4.15(a)</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchased Assets of the Business</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">iv
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.15(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Operations of the Business</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.16
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.18
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Territorial Restrictions</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.20(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Products Liability</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="white-space: nowrap">Schedule&nbsp;4.20(c)</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rebates</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.25
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;6.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conduct of Business</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;9.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Collective Bargaining Agreements</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">v
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDED AND RESTATED ASSET PURCHASE AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMENDED AND RESTATED ASSET PURCHASE AGREEMENT (the &#147;Agreement&#148;) dated as of June&nbsp;28, 2006 and
amended as of July&nbsp;31, 2006, by and among Ameron International Corporation, a Delaware corporation
(&#147;Ameron&#148;), Ameron B.V., a Netherlands private limited liability company (&#147;Ameron B.V.&#148;), Ameron
(Pte) Ltd., a Singapore private company (&#147;Ameron Singapore&#148;), Ameron (Australia) Pty &#151; Limited, an
Australian proprietary company (&#147;Ameron Australia&#148;); Ameron Holding (NZ)&nbsp;Limited, a New Zealand
company (&#147;Ameron New Zealand Holdings&#148;); Ameron (New Zealand) Limited, a New Zealand company
(&#147;Ameron New Zealand&#148;); Ameron (UK)&nbsp;Limited, a British private company (&#147;Ameron U.K.&#148;); Amercoat
Japan Company, Limited, a Japanese company (&#147;Amercoat&#148;); and Ameron Sp. z o.o., a Polish limited
liability company (&#147;Ameron Poland&#148;) (Ameron, Ameron B.V., Ameron Singapore, Ameron Australia,
Ameron New Zealand Holdings, Ameron New Zealand, Ameron U.K., Amercoat; and Ameron Poland being
hereinafter sometimes referred to individually as a &#147;Seller&#148; and collectively as &#147;Sellers&#148;), and
PPG Industries, Inc., a Pennsylvania corporation (&#147;Buyer&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sellers are engaged in the manufacture and distribution of high performance and other coatings
and finishes including pretreatment, powder, liquid and electrodeposition coatings, flooring
systems and sealants for Sellers&#146; Performance Coatings and Finishes Group at the facilities
identified on Schedule&nbsp;4.7(a) hereto (the &#147;Facilities&#148;). Such manufacturing and distribution
operations as conducted by Sellers at the Facilities are hereinafter referred to as the &#147;Business.&#148;
The Business is conducted in North and South America by Ameron and in all other countries by
subsidiaries and licensees of Sellers. The parties hereto desire that Sellers sell, transfer,
convey and assign to Buyer substantially all of the assets, properties, interests in properties and
rights of Sellers used in the Business, and that Buyer purchase and acquire the same, subject to
the assumption by Buyer of certain of the liabilities and obligations of Sellers relating to the
Business, upon the terms and subject to the conditions hereinafter set forth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties also intend to enter into certain agreements governing their relationship and
certain matters after the Closing Date (as defined below) as contemplated hereby.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>AGREEMENT</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW THEREFORE, in consideration of the premises and the mutual representations, warranties,
covenants and agreements hereinafter set forth, the parties hereto hereby agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>DEFINITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <U>Certain Defined Terms</U>. As used in this Agreement, the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular and plural forms of
the terms defined):
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Access Agreement&#148; means that certain Access, Confidentiality and Indemnification Agreement
dated as of April&nbsp;25, 2006 between Ameron and Buyer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Accounting Arbitrator&#148; has the meaning set forth in Section&nbsp;2.6(c).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Accounting Principles&#148; means the accounting methods, policies, practices and procedures set
forth on Schedule&nbsp;1.1(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Acquired Property&#148; has the meaning set forth in Section&nbsp;2.1(b).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Affiliate&#148; has the meaning ascribed to such term in Rule&nbsp;12b-2 of the General Rules and
Regulations promulgated under the Exchange Act by the SEC, as in effect on the date hereof;
<U><I>provided</I></U>, <U><I>however</I></U>, that the term &#147;affiliate&#148; shall not include any joint venture or
jointly-owned Person in which the ownership interest of any Buyer or Seller and its Subsidiaries,
taken in the aggregate, constitutes a minority ownership interest.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Agreement&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Amercoat&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron Australia&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron B.V.&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron New Zealand Holdings&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron New Zealand&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron Plan&#148; has the meaning set forth in Section&nbsp;9.5.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron Poland&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron Singapore&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ameron U.K.&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Ancillary Agreements&#148; means the Trademark License Agreement, the Domain Name Agreement, the
Lease Agreements and the Exclusive IP License-Back Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Antitrust Laws&#148; has the meaning set forth in Section&nbsp;8.1(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Assignment and Assumption Agreement&#148; means an assignment and assumption agreement executed by
Sellers and Buyer in substantially the form attached hereto as <U>Exhibit&nbsp;B</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Assumed Liabilities&#148; has the meaning set forth in Section&nbsp;2.3.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Assuming Party&#148; has the meaning set forth in Section&nbsp;10.5(c).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Bills of Sale&#148; means bills of sale in substantially the form attached hereto as <U>Exhibit
A</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business Day&#148; means a day other than a Saturday or a Sunday or other day on which commercial
banks in New York are authorized or required by law to close.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business Employee&#148; means any individual who is set forth on Schedule&nbsp;1.1(b), as such Schedule
may be updated by Sellers pursuant to Section&nbsp;6.10(b) hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business Lease&#148; has the meaning set forth in Section&nbsp;4.7(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business Property&#148; has the meaning set forth in Section&nbsp;4.7(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business Product&#148; means the products, goods, components or other items manufactured, sold or
delivered by, or service rendered by or on behalf of any Seller in connection with operation of the
Business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Buyer&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Buyer Savings Plan&#148; has the meaning set forth in Section&nbsp;9.5.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Closing&#148; has the meaning set forth in Section&nbsp;2.5(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Closing Balance Sheet&#148; has the meaning set forth in Section&nbsp;2.6(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Closing Date&#148; has the meaning set forth in Section&nbsp;2.5(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Closing Net Assets&#148; means the net difference between the sum of the assets and the sum of the
liabilities included in the Closing Balance Sheet.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Code&#148; means the Internal Revenue Code of 1986, as amended from time to time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Competing Service&#148; has the meaning set forth in Section&nbsp;6.11(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Confidential Information&#148; has the meaning set forth in Section&nbsp;6.6.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Confidentiality Agreement&#148; has the meaning set forth in Section&nbsp;7.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Contract&#148; means any contract, agreement, license, lease, sales or purchase order or other
legally binding commitment, primarily relating to the Business, whether written or oral to which
any Seller is a party or by which any of their properties or assets are bound.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Contractual Obligation&#148; means, as to any Person, any provision of any note, bond or security
issued by such Person or of any mortgage, indenture, deed of trust, lease,
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">license, franchise, contract, agreement, sales or purchase order, instrument or undertaking or
other legally enforceable commitment to which such Person is a party or to which it or any of its
property or assets is subject or bound.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Domain Name Agreement&#148; means an agreement substantially in the form of <U>Exhibit&nbsp;D</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Dominion Lawsuit&#148; means the action brought by Dominion Exploration and Production, Inc. and
Pioneer Natural Resources USA, Inc. against Ameron as CDC No.&nbsp;03-6945, Civ. N-8, in Civil District
Court for the Parish of Orleans, Louisiana, and any proceedings, claims or other actions arising
out of or based upon the factual allegations alleged in such lawsuit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Effective Time&#148; has the meaning set forth in Section&nbsp;2.5(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Employee Benefit Arrangements&#148; means each and all pension, supplemental pension, deferred
compensation, option or other equity-based program, accidental death and dismemberment, life and
health insurance and benefits (including medical, dental, vision and hospitalization), fringe
benefit, flexible spending account programs and other employee benefit arrangements, plans,
contracts, policies or practices providing employee or executive compensation or benefits to any
Business Employee or Former Business Employee, other than the Employee Benefit Plans.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Employee Benefit Plans&#148; means each and all &#147;employee benefit plans,&#148; as defined in Section
3(3) of ERISA, maintained or contributed to by a Seller or an ERISA Affiliate or to which a Seller
or an ERISA Affiliate has, or has had, an obligation to contribute or in which a Seller
participates or participated and which provides benefits to Business Employees or Former Business
Employees.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Environmental Law&#148; means collectively the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, as amended, the Resource Conservation and Recovery Act of 1976, as
amended, and any other applicable statutes, regulations, rules, ordinances, codes or common law,
U.S. or foreign, which relate to the protection of human health or the environment, as in effect on
the date hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Environmental Permits&#148; has the meaning set forth in Section&nbsp;4.12(c).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Environmental Reports&#148; has the meaning set forth in Section&nbsp;4.12(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Equitable Assignment Obligation&#148; has the meaning set forth in Section&nbsp;8.1(d).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;ERISA&#148; means the Employee Retirement Income Security Act of 1974, as amended from time to
time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;ERISA Affiliate&#148; means any trade or business required to be aggregated with any Seller under
Sections&nbsp;414(b), (c), (m)&nbsp;or (o)&nbsp;of the Code.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Exchange Act&#148; means the Securities Exchange Act of 1934, as amended from time to time, and
the rules and regulations of the SEC promulgated from time to time thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Excluded Assets&#148; has the meaning set forth in Section&nbsp;2.2.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Excluded Intellectual Property&#148; has the meaning set forth in Section&nbsp;2.2(e).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Excluded Liabilities&#148; has the meaning set forth in Section&nbsp;2.4.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Exclusive IP License-Back Agreement&#148; means an agreement substantially in the form of
<U>Exhibit&nbsp;G</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Expense Reimbursement&#148; has the meaning set forth in Section&nbsp;12.3(d).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Facilities&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Financial Statements&#148; has the meaning set forth in Section&nbsp;4.4(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Former Business Employee&#148; means any individual who was at any time prior to the Closing Date
employed by a Seller working primarily for the Business but who is not a Transferred Employee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;GAAP&#148; means U.S. generally accepted accounting principles and practices in effect from time
to time applied consistently throughout the periods involved.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Geldermalsen Coatings Facility&#148; means the portion of the Geldermalsen Plant, including the
real property and together with all buildings, fixtures, improvements, construction-in-progress and
structures located thereon and all rights, privileges, easements and appurtenances thereof, to be
owned and operated by Buyer for the manufacture of coatings products following the completion of
the Geldermalsen Separation Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Geldermalsen Plant&#148; means Ameron B.V.&#146;s plant, property, equipment, fixtures and facilities
located in Geldermalsen, the Netherlands.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Geldermalsen Separation Plan&#148; means the plan attached as <U>Exhibit&nbsp;F</U> hereto which
provides for the physical separation and division of the Geldermalsen Plant into a stand-alone
performance coatings manufacturing facility to be owned by Buyer and a stand-alone fiberglass pipe
manufacturing facility to be owned by Ameron B.V.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;German Antitrust Laws&#148; means any Antitrust Law of Germany.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Government Contract&#148; means any Contract or other commitment that relates to the Business with
(i)&nbsp;any government, (ii)&nbsp;any prime contractor to any government, or (iii)&nbsp;any subcontractor with
respect to any contract described in clauses (i)&nbsp;or (ii).
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Governmental Authority&#148; means any nation or government, any state or other political
subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government, whether U.S. or foreign.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Hazardous Material&#148; means any substance which is defined as a hazardous waste, hazardous
substance, pollutant or contaminant under any Environmental Law, or any petroleum product or
fraction thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Indebtedness&#148; as to any Person shall mean, without duplication, (i)&nbsp;all indebtedness
(including principal and accrued interest) of such Person for borrowed money or for the deferred
purchase price of property or services (including long-term and short-term debt), (ii)&nbsp;all drafts
drawn under letters of credit issued for the account of such Person, and (iii)&nbsp;the aggregate amount
required by GAAP to be capitalized under leases under which such Person is the lessee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Indemnified Person&#148; means, with respect to any Loss, the Person seeking indemnification
hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Indemnifying Person&#148; means, with respect to any Loss, the Person from whom indemnification is
being sought hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Intellectual Property&#148; has the meaning set forth in Section&nbsp;2.1(f).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Inventories&#148; has the meaning set forth in Section&nbsp;2.1(e).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Judgment&#148; means any judgment, writ, order or decree by any court, judge, justice or
magistrate, including any bankruptcy court or judge, and any order of or by any Governmental
Authority.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Law&#148; means any law, statute, treaty, rule, regulation, ordinance, order, decree, consent
decree or similar instrument or determination or award of an arbitrator or a court or other
Governmental Authority.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Lease Agreements&#148; means agreements for the lease of the Retained Properties in the United
Kingdom and Australia, substantially in the form of <U>Exhibit&nbsp;E</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Leased Properties&#148; means the real property (including all buildings, fixtures, improvements,
construction-in-progress and structures located thereon and all rights, privileges, easements and
appurtenances thereto) leased by any Seller for use in the Business prior to the Closing Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Liability&#148; means any liability, obligation, debt or commitment, whether direct or indirect,
known or unknown, current or potential, past, present or future.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Lien&#148; means any mortgage, pledge, hypothecation, right of others, claim, security interest,
financing statement (whether or not filed), encumbrance, lease, sublease, license, occupancy
agreement, adverse claim or interest, easement, covenant, encroachment,

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">burden, title defect, title retention agreement, voting trust agreement, interest, equity,
option, lien (statutory or other), right of first refusal, charge or other restrictions or
limitations of any nature whatsoever, including but not limited to such as may arise under any
agreement, contract, commitment or other instrument, arrangement (whether oral or written) or
evidence of Indebtedness.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Loss&#148; or &#147;Losses&#148; means any loss, liability, claim, damage, expense, fine, cost or royalty
(including out-of-pocket expenses, reasonable attorneys&#146;, experts&#146; and accountants&#146; fees and other
disbursements and costs of investigation or defense).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Material Adverse Effect&#148; means any circumstance, change or effect which is individually or in
the aggregate, materially adverse to the business, assets, liabilities, condition (financial or
otherwise), results of operations of the Business taken as a whole, but excluding (a)&nbsp;effects of
changes that are generally applicable to the coatings industry in the markets in which the Business
operates and that do not have a disproportionate effect on the Business; (b)&nbsp;effects shown by
Seller to have arisen as a result of the execution of this Agreement or consummation of the
transactions contemplated hereby or the public announcement of this Agreement and the transactions
contemplated hereby; (c)&nbsp;effects of changes in foreign exchange rates; (d)&nbsp;changes in energy or raw
material prices generally applicable to Persons situated similarly to the Business and that do not
have a disproportionate effect on the Business; and (e)&nbsp;effects of ordinary and customary seasonal
changes in new order rates, revenues and costs of the Business as experienced during the five (5)
year period prior to the date of this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Material Contract&#148; shall mean any Contract listed, or required to be listed, on Schedule&nbsp;4.9.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Minority Shares&#148; means the shares of Oasis Ameron Co., Ltd., a Saudi Arabian company, held by
Ameron B.V.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Most Recent Balance Sheet&#148; has the meaning set forth in Section&nbsp;4.4(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Non-Assuming Party&#148; has the meaning set forth in Section&nbsp;10.5(c).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Owned Property&#148; means the real property (including all buildings, fixtures, improvements,
construction-in-progress and structures located thereon and all rights, privileges, easements and
appurtenances thereto) owned by any Seller and used or held for use in the Business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Permitted Liens&#148; means as of the date of this Agreement only (i)&nbsp;those exceptions to title to
the Purchased Assets set forth on Schedule&nbsp;4.6; (ii)&nbsp;Liens that secure debt that is reflected as a
Liability on the Most Recent Balance Sheet with respect to which no default or potential for
acceleration exists; (iii)&nbsp;Liens securing all or a portion of the purchase price of a Purchased
Asset which arose in connection with the purchase of such Purchased Asset after the date of the
Most Recent Balance Sheet but only to the extent specifically listed on Schedule&nbsp;4.6 and which
purchase price remains owing; (iv)&nbsp;statutory Liens for Taxes not yet due or delinquent or which
thereafter may be paid without penalty and reserved for on the Most Recent Balance

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sheet; (v)&nbsp;recorded mechanics&#146;, carriers&#146;, workmen&#146;s and repairmen&#146;s Liens and other like
Liens arising or incurred in the ordinary course of the Business consistent with past practice for
sums not yet due and payable or delinquent; (vi)&nbsp;all exceptions, restrictions, easements, rights of
way and encumbrances set forth on Schedule&nbsp;4.7(d); (vii)&nbsp;zoning and building restrictions of
Governmental Authorities which are not currently being violated and will not be violated by any
contemplated use by the Business; and (viii)&nbsp;other Liens that are not, individually or in the
aggregate, material in amount or do not, individually or in the aggregate, materially detract from
the value of or materially impair the continued use and operation of the property affected by such
Lien.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Permits&#148; has the meaning set forth in Section&nbsp;4.14(b).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Person&#148; means any individual, partnership, corporation, business trust, joint stock company,
trust, unincorporated association, joint venture, sole proprietorship, Governmental Authority or
other entity or business organization of whatever nature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Post-Closing Tax Period&#148; has the meaning set forth in Section&nbsp;11.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Pre-Closing Asbestos/Silica/Lead Liability&#148; means any Liability directly related to (a)&nbsp;any
actual or alleged exposure of any Person to asbestos, silica, lead, asbestos containing materials,
silica containing materials or lead containing materials sold by the Sellers (or any of their
current or former Subsidiaries or predecessors in interests) prior to the Closing Date; or (b)&nbsp;any
actual or alleged exposure of any Person to the extent such exposure occurred prior to the Closing
Date to asbestos, silica, lead, asbestos containing materials, silica containing materials
(including so-called mixed dust) or lead containing materials (i)&nbsp;used in the operations of Sellers
(or any of their current or former Subsidiaries or predecessors in interests) prior to the Closing
Date, or (ii)&nbsp;located in, on or at the properties or assets of the Sellers (or any of their current
or former Subsidiaries or predecessors in interests) prior to the Closing Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Pre-Closing Leased Property Environmental Liability&#148; means any Liability imposed by, under or
pursuant to any Environmental Law (other than claims of diminution in value of the Leased
Property), including all fees, disbursements and expenses of counsel, experts, personnel and
consultants, based on, arising out of or otherwise in respect of: (a)&nbsp;the actual ownership of or
operations at the Leased Property by any Seller, or any of their predecessors or Affiliates; or (b)
the environmental conditions existing on the Closing Date on, under or above any Leased Property
currently or previously owned, leased or operated by any Seller, or any of their predecessors or
Affiliates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Pre-Closing Tax Period&#148; has the meaning set forth in Section&nbsp;11.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Proceedings&#148; has the meaning set forth in Section&nbsp;4.10.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Product Liability Claim&#148; has the meaning set forth in Section&nbsp;10.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Purchase Price&#148; has the meaning set forth in Section&nbsp;2.5(b).
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Purchase Price Allocation&#148; has the meaning set forth in Section&nbsp;11.2(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Purchased Assets&#148; has the meaning set forth in Section&nbsp;2.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Rebate Obligations&#148; has the meaning set forth in Section&nbsp;4.20(c).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Records&#148; has the meaning set forth in Section&nbsp;2.1(j).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Reference Balance Sheet&#148; has the meaning set forth in Section&nbsp;2.6(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Representatives&#148; means, as to each party, such party&#146;s Affiliates and their respective
directors, officers, employees, attorneys, consultants and other agents or advisors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Restricted Period&#148; has the meaning set forth in Section&nbsp;6.11(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Retained Property&#148; has the meaning set forth in Section&nbsp;2.2(j).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Retention Bonuses&#148; has the meaning set forth in Section&nbsp;6.2(d)(iv).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Sable Lawsuit&#148; means the action brought by Sable Offshore Energy Inc., as agent for certain
owners of the Sable Offshore Energy Project, against various coatings suppliers and application
contractors, including Ameron, Ameron B.V. and Ameron U.K., currently pending in the Supreme Court
of Nova Scotia, Canada, and any proceedings, claims or other actions arising out of or based upon
the factual allegations alleged in such lawsuit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;SEC&#148; means the Securities and Exchange Commission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Sellers&#148; has the meaning set forth in the preamble.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Seller Plans&#148; means each and all Employee Benefit Plans and Employee Benefit Arrangements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Shared Cost Product Liability Amount&#148; has the meaning set forth in Section&nbsp;10.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Shared Cost Product Liability Threshold Amount&#148; has the meaning set forth in Section&nbsp;10.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Subsidiary&#148; means any Person of which a majority of the outstanding equity interests or
voting securities are owned, directly or indirectly by another Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Target Amount&#148; means $111,503,000.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Tax&#148; or &#147;Taxes&#148; means, with respect to any Person, any federal, state, local or foreign net
income, gross income, gross receipts, sales, use, ad valorem, value-added, capital, unitary,
intangible, franchise, profits, license, withholding, payroll, employment, excise, severance,
stamp, transfer, occupation, premium, property or windfall profit tax, custom, duty or

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">other tax, governmental fee or other like assessment or charge in the nature of a tax,
together with any interest or penalty, addition to tax or additional amount imposed by any
jurisdiction or other taxing authority, on such Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Tax Return&#148; shall mean any return, statement, report or form required to be filed with
respect to Taxes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Termination Fee&#148; has the meaning set forth in Section&nbsp;12.3(d).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Third-Party Claim&#148; has the meaning set forth in Section&nbsp;10.5.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Title Documents&#148; means any deed, grant or easement, certificate of title or other document
which confirms and vests title or ownership in or use of real property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Trademark License Agreement&#148; means an agreement substantially in the form of <U>Exhibit
C</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Transaction Documents&#148; means (i)&nbsp;this Agreement, (ii)&nbsp;the Bills of Sale, (iii)&nbsp;the Assignment
and Assumption Agreement and (iv)&nbsp;the Ancillary Agreements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Transactions&#148; means the transactions contemplated by the Transaction Documents.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Transferred Employees&#148; has the meaning set forth in Section&nbsp;9.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;U.S.&#148; means the United States of America.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <U>Other Definitional Provisions</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As used herein, accounting terms not defined or to the extent not defined, shall have the
respective meanings given to them under GAAP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Unless express reference is made to Business Days, references to days shall be to calendar
days. If any action or notice is to be taken or given on or by a particular day, and such day is
not a Business Day, then such action or notice shall be deferred until, or may be taken or given
on, the next Business Day.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Whenever the context requires, any pronoun shall include the corresponding masculine,
feminine and neuter forms.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The words &#147;include,&#148; &#147;includes&#148; and &#147;including&#148; shall be construed as if followed by the
words &#147;without limitation.&#148; The words &#147;herein,&#148; &#147;hereof&#148; and &#147;hereunder&#148; and words of similar
import refer to this Agreement (including the Exhibits and Schedules) in its entirety and not to
any part hereof unless the context shall otherwise require.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;All references herein to Articles, Sections, Exhibits and Schedules are references to
Articles and Sections of, and Exhibits and Schedules to this Agreement unless the

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">context otherwise requires. Unless the context shall otherwise require, any references to any
agreement, statute or regulation are to it as amended and supplemented from time to time (and, in
the case of a statute or regulation, to any successor provisions).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;As used herein, the term &#147;to Sellers&#146; knowledge&#148; or any similar term relating to the
knowledge of Sellers or any of them means the actual knowledge of any of the officers or employees
of any Seller identified on Schedule&nbsp;1.2(f).
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>CLOSING; PURCHASE PRICE AND ADJUSTMENT</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <U>Sale and Transfer of the Purchased Assets</U>. Subject to the terms and conditions of this
Agreement, on the Closing Date, Sellers will sell, convey, transfer, assign and deliver to Buyer,
and Buyer will purchase, acquire and accept from Sellers, all of Sellers&#146; right, title and interest
in, to and under all assets (except the Excluded Assets) of Sellers and each of them to the extent
such assets are primarily used or held for use in connection with the operation of the Business,
whether or not reflected on the Reference Balance Sheet, now in existence or hereafter acquired by
Sellers or any of them in the ordinary course of the Business prior to the Closing (collectively,
the &#147;Purchased Assets&#148;). Notwithstanding anything in this Agreement to the contrary, the term
&#147;Purchased Assets&#148; shall not include any of the Excluded Assets, all of which (along with any and
all rights and interests therein) shall be retained by Sellers and shall not be sold, transferred,
conveyed or assigned to Buyer hereunder. The term &#147;Purchased Assets&#148; shall specifically include,
but shall not be limited to, the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the Minority Shares;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;all of the Owned Property set forth on Schedule&nbsp;2.1(b) (the &#147;Acquired Property&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the leasehold interests in the Leased Properties;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;all tangible personal property, including, without limitation, the fixtures, furnishings,
furniture, office supplies, vehicles, rolling stock, tools, machinery, equipment and computer
equipment, located upon or affixed to or normally located in, at or upon, even if temporarily
removed from, any of the Facilities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;all inventory, including, without limitation, raw materials, work-in-process, finished
products, goods, spare parts, replacement and component parts, office and other supplies relating
to the Business (collectively, the &#147;Inventories&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;all know-how, trade secrets, processes, inventions, formulae, procedures, research records
and test information used or held for use in connection with the Business, whether registered,
issued or otherwise, and all trademarks, trade names, domain names, patents, service marks,
copyrights and pending applications for the foregoing listed on Schedule&nbsp;2.1(f) in
any jurisdiction (collectively referred to herein as the &#147;Intellectual Property&#148;), together
with any
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">claims against third Persons for infringement, misappropriation or other violation of any
such Intellectual Property, whether for any past, present or future infringement, misappropriation
or other violation of such Intellectual Property subject to Section&nbsp;7.3;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;all Contracts, including but not limited to all Contracts listed on Schedule&nbsp;4.9;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;all transferable licenses, permits, approvals and authorizations by any Governmental
Authority used in or relating to the Business or the Purchased Assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;all bids, quotations and proposals for Contracts, whether oral or written, to which
Sellers are a party that relate to the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;all books and records (other than, in the case of Sellers, Tax records), or portions
thereof relating primarily to or necessary for the continued operations of the Business, whether in
tangible or computerized format, including sales literature, product information, employment
records and files, insurance claim files and all other information and/or data related to or used
by Sellers or any of them primarily in connection with the Purchased Assets or the operation of the
Business (the &#147;Records&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;all insurance proceeds (in excess of self-insured retentions and deductibles) paid or
payable by any insurance provider for any Purchased Asset that is destroyed or damaged after the
date hereof and prior to the Closing;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;all notes, drafts and accounts receivable, or portions thereof, arising out of the
operations of the Business and payable to any Seller;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;all prepaid expenses, advances and deposits (including utility deposits), or portions
thereof, that arise out of the operations of the Business or are related to the Acquired Property;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;all items which would be included on the Closing Balance Sheet except for the fact that
such items are fully depreciated or expensed;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;except as provided in Section&nbsp;2.2(g), all causes of action, claims, demands, rights and
privileges against third parties that relate to the Purchased Assets or the operations of the
Business, including, without limitation, all warranties and guaranties received from vendors,
suppliers, contractors, service providers or manufacturers with respect to the Purchased Assets or
the Business and subject to Section&nbsp;6.4, causes of action, claims and rights under insurance
policies (in excess of self-insured retentions and deductibles) relating to the Purchased Assets or
the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;all other intangible rights and assets of Sellers that relate to or are used or held for
use in the operation of the Business, all goodwill appurtenant to the Purchased Assets and the
right to represent to third parties that Buyer is the successor to the Business; and
</DIV>


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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;all rights to indemnification and contribution granted to any Seller by any third party to
the extent such indemnification rights primarily relate to any of the Purchased Assets or Assumed
Liabilities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <U>Excluded Assets</U>. Notwithstanding anything herein to the contrary, the following assets
are not included in the Purchased Assets and shall be retained by Sellers (the &#147;Excluded Assets&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;all cash and cash equivalent items including, without limitation, certificates of deposit,
time deposits, securities, and the proceeds of accounts receivable, including uncashed checks in
payment thereof, received by Sellers on or prior to the Closing Date other than any insurance
proceeds paid to Sellers on or prior to the Closing Date pursuant to Section&nbsp;2.1(k) hereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;rights to or claims for refunds or rebates of Taxes and other governmental charges for
periods ending on or prior to the Closing Date and the benefit of net operating loss carryforwards,
carrybacks or other credits of any Seller, whether or not attributable to the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;refunds, rebates and credit memos related to purchases of raw material prior to the
Effective Time (except, in each case, to the extent such refunds, rebates or credit memos would be
accrued and included on the Closing Balance Sheet);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;proprietary or confidential business or technical information, records and policies that
relate generally to Sellers and are not used primarily in the Business, including, without
limitation, organization manuals, strategic plans and Tax records and related information;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;subject to the limited rights granted to Buyer pursuant to the Trademark License
Agreement, the know-how, trade secrets, processes, inventions, formulae, procedures, research
records, test information, trademarks, trade names, service marks, patents, copyrights, pending
applications for patents and copyrights and proprietary computer programs or other software and
databases set forth on Schedule&nbsp;2.2(e) (the &#147;Excluded Intellectual Property&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;all notes, drafts and accounts receivable or other obligations for the payment of money
made or owed by any Affiliate of Ameron;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;all causes of action, claims, demands, rights and privileges against third parties that
relate to any of the Excluded Assets or Excluded Liabilities, including causes of actions, claims
and rights under insurance policies relating thereto;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;all other assets used primarily in connection with Ameron&#146;s corporate functions (including
but not limited to the corporate charter, taxpayer and other identification numbers, seals, minute
books and stock transfer books), whether or not used for the benefit of the Business;
</DIV>


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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;any life insurance policy owned by any Seller and any proceeds payable thereunder;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;all of the Owned Property set forth on Schedule&nbsp;2.2(j) (the &#147;Retained Property&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;all prepaid expenses, advances and deposits (including utility deposits), or portions
thereof, that arise out of the Retained Properties;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;except as provided in Article&nbsp;IX below, all assets that relate to any Seller Plan;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;the bank accounts used in the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;adhesives and adhesive products, including but not limited to those currently used for
Sellers&#146; fiberglass pipe group and the particular adhesive products listed on Schedule&nbsp;2.2(n);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;the assets listed on Schedule&nbsp;2.2(o); and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;the Contracts listed on Schedule&nbsp;2.2(p).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <U>Assumption of Liabilities</U>. On the Closing Date, Buyer shall execute and deliver to
Sellers the Assignment and Assumption Agreement pursuant to which Buyer shall assume and agree to
pay, perform and discharge when due, and subject to the provisions of Article&nbsp;X, indemnify Sellers
against and hold them harmless from and after the Closing, only the following Liabilities of
Sellers (collectively, the &#147;Assumed Liabilities&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;all of the Liabilities of Sellers specifically accrued or reserved against, or reflected
on, the Most Recent Balance Sheet to the extent the same have not been or will not be satisfied or
discharged at or prior to the Effective Time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;all of the Liabilities of Sellers relating to the Business of the type customarily
accrued, reserved against or reflected in the accounts of the Business, arising between the date of
the Most Recent Balance Sheet and the Closing Date in the ordinary course of the Business, to the
extent the same have not been or will not be satisfied or discharged at or prior to the Effective
Time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;all Liabilities in respect of Transferred Employees other than those specifically excluded
pursuant to Article&nbsp;IX; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;subject to the specific provisions of this Agreement applicable to specific categories of
Liabilities, all Liabilities (except the Excluded Liabilities) of Sellers, arising out of the
Purchased Assets or the Business before or after the Effective Time, including those related to (i)
warranty or guarantee obligations or Liabilities (including product liability) in respect of
claims for defective Business Products manufactured or sold prior to the Effective Time, (ii)
refunds, adjustments, allowances, repairs, exchanges, returns and warranty of merchantability

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and
other claims in respect of Business Products manufactured or sold prior to the Effective Time,
(iii)&nbsp;general tort liability, (iv)&nbsp;environmental Liability for the Acquired Property and (v)&nbsp;any
Contract included within the Purchased Assets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <U>Liabilities Not Assumed</U>. Notwithstanding the provisions hereof or any schedule or
exhibit hereto, Buyer shall not assume any Liability of any Seller relating to or arising out of
the operation of the Business or the ownership of the Purchased Assets prior to the Closing other
than the Assumed Liabilities (the &#147;Excluded Liabilities&#148;). Without limitation of the generality of
the preceding sentence, the Excluded Liabilities shall include:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;any Liability with respect to any Seller Plan, except as provided in Article&nbsp;IX below;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any Liability for Taxes of Sellers for any period or portion thereof ending on or prior to
the Closing Date, excluding the Taxes specifically reflected on the Closing Balance Sheet;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;any Liability arising from or related to the Excluded Assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;all Indebtedness of Sellers or any of them existing as of the Effective Time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;any Pre-Closing Leased Property Environmental Liability;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;any Pre-Closing Asbestos/Silica/Lead Liability;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;any Retention Bonuses; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;the Liabilities listed on Schedule&nbsp;2.4(h).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <U>Closing; Consideration</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The closing (the &#147;Closing&#148;) of the purchase and sale of the Purchased Assets and the
assumption of the Assumed Liabilities shall be held at the offices of Gibson, Dunn &#038; Crutcher LLP,
333 South Grand Avenue, Los Angeles, California, at 9:00 a.m. on July&nbsp;31, 2006, or if the
conditions to Closing set forth in Article&nbsp;III shall not have been satisfied or waived by such
date, subject to Section&nbsp;12.3, as soon as practicable after such conditions shall have been
satisfied or waived. The date on which the Closing shall occur is hereinafter referred to as the
&#147;Closing Date.&#148; The Closing will be deemed effective at 12:01&nbsp;a.m. on the Closing Date (the
&#147;Effective Time&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The aggregate consideration for the Purchased Assets shall be One Hundred Fifteen Million
Dollars ($115,000,000) (the &#147;Purchase Price&#148;), payable on the Closing Date by (i)&nbsp;wire transfer in
immediately available funds to an account or accounts designated by Sellers in writing at least
three (3)&nbsp;Business Days prior to the Closing Date in any bank in the continental U.S. or elsewhere
or (ii)&nbsp;such means as to otherwise agreed to in writing by Buyer
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and Sellers, subject to adjustment
pursuant to Section&nbsp;2.6 together with the assumption of the Assumed Liabilities as provided in
Section&nbsp;2.3.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;At the Closing, Sellers shall use commercially reasonable efforts to deliver or cause to
be delivered to Buyer (i)&nbsp;the Bill of Sale and the Assignment and Assumption Agreement, in each
case duly executed by each Seller which is party thereto, (ii)&nbsp;the Minority Shares, (iii)&nbsp;limited
warranty deeds (or the equivalent thereof in any jurisdiction in which limited warranty deeds may
not be used) in recordable form for the Acquired Property, together with all currently existing
surveys and title insurance policies for the Acquired Property, (iv)&nbsp;the Ancillary Agreements, in
each case duly executed by each Seller which is party thereto, (v)&nbsp;evidence that all consents,
approvals, waivers, filings and notifications listed or referred to on Schedule&nbsp;4.1(c) or as
contemplated by Section&nbsp;8.1 have been obtained and made and are in full force and effect; (vi)&nbsp;the
certificates contemplated by Section&nbsp;3.1(a), (vii)&nbsp;the Records and (vii)&nbsp;such other instruments of
transfer and documents as Buyer may reasonably request. At the Closing, Buyer shall deliver to
Sellers (i)&nbsp;the Bill of Sale and the Assignment and Assumption Agreement, duly executed by Buyer,
(ii)&nbsp;the Ancillary Agreements, in each case duly executed by Buyer, (iii)&nbsp;the certificates
contemplated by Section&nbsp;3.2(a) and (iv)&nbsp;such other instruments of assumption and documents as
Sellers may reasonably request.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <U>Purchase Price Adjustment.</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As promptly as practicable, but in any event within sixty (60)&nbsp;days after the Closing
Date, Buyer shall prepare and deliver to Sellers a balance sheet of the Purchased Assets and the
Assumed Liabilities as of the close of business on the Business Day immediately preceding the
Closing Date (the &#147;Closing Balance Sheet&#148;). The Closing Balance Sheet shall be prepared in
accordance with the balance sheet set forth on Schedule&nbsp;2.6(a) (the &#147;Reference Balance Sheet&#148;),
using the Accounting Principles consistently applied, with consistent classifications and
estimation methodologies as were used in the preparation of the Reference Balance Sheet. In the
event that the Business Day immediately preceding the Closing Date does not occur at a financial
week or month end for accounting purposes, the parties shall agree on mutually acceptable roll
forward or roll back procedures. The Closing Balance Sheet shall be accompanied by a report of BDO
Seidman, LLP, independent public accountants, stating that the Closing Balance Sheet was determined
in accordance with this Section&nbsp;2.6(a). Buyer shall use its best efforts to cause such report to
be delivered within ninety (90)&nbsp;days after the Closing Date. Each party shall provide the other
party and its Representatives with reasonable access to books and records and relevant personnel
during the preparation of the Closing Balance Sheet and the resolution of any disputes that may
arise under this Section&nbsp;2.6.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;If Sellers disagree with the determination of the Closing Net Assets as shown on the
Closing Balance Sheet, Sellers shall notify Buyer in writing of such disagreement within thirty
(30)&nbsp;Business Days after delivery of the report of BDO Seidman, LLP referenced in
Section&nbsp;2.6(a), which notice shall describe the nature of any such disagreement in reasonable
detail, identify the specific items involved and the dollar amount of each such disagreement.
After the end of such 30-Business Day period, Sellers may not introduce additional disagreements
with respect to any item in the Closing Balance Sheet or increase the amount of any disagreement,
and any item not so identified shall be deemed to be agreed to by Sellers and

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">will be final and
binding upon the parties. Similarly, a disagreement by Sellers does not provide any right to Buyer
to introduce any changes to net assets not directly related to the disputed item. During the
30-Business Day period of its review, Sellers and their Representatives shall have reasonable
access to any documents, schedules or workpapers used in the preparation of the Closing Balance
Sheet.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Buyer and Sellers agree to negotiate in good faith to resolve any such disagreement. If
Buyer and Sellers are unable to resolve all disagreements properly identified by Sellers pursuant
to Section&nbsp;2.6(b) within sixty (60)&nbsp;days after delivery to Buyer of written notice of such
disagreement, then such disagreements shall be submitted for final and binding resolution to KPMG,
and if KPMG should decline such engagement, such other internationally recognized accounting firm
as Buyer and Sellers shall mutually agree (the &#147;Accounting Arbitrator&#148;). The Accounting Arbitrator
so selected will only consider those items and amounts set forth in the Closing Balance Sheet as to
which Buyer and Sellers have disagreed within the time periods and on the terms specified above and
must resolve the matter in accordance with the terms and provisions of the Agreement. The
Accounting Arbitrator shall be instructed to deliver to Buyer and Sellers, as promptly as
practicable and in any event within one hundred and twenty (120)&nbsp;days after its appointment, a
written report setting forth the resolution of any such disagreement determined in accordance with
the terms of the Agreement. The Accounting Arbitrator shall make its determination based solely on
presentations and supporting material provided by the parties and not pursuant to any independent
review. The determination of the Accounting Arbitrator shall be final and binding upon Buyer and
Sellers. The fees, expenses and costs of the Accounting Arbitrator shall be borne one-half by
Buyer and one-half by Sellers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Closing Balance Sheet shall be deemed final for the purposes of this Section&nbsp;2.6 upon
the earliest of (i)&nbsp;the failure of Sellers to notify Buyer of a dispute within thirty (30)&nbsp;Business
Days of Buyer&#146;s delivery of the Closing Balance Sheet to Sellers, (ii)&nbsp;the resolution of all
disputes, pursuant to Section&nbsp;2.6(c), by Buyer and Sellers, or (iii)&nbsp;the resolution of all
disputes, pursuant to Section&nbsp;2.6(c), by the Accounting Arbitrator.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;If the Closing Net Assets as finally determined on the Closing Balance Sheet in accordance
with this Section&nbsp;2.6 are less than the Target Amount, the Purchase Price shall be decreased by the
amount of such deficit, and if the Closing Net Assets are greater than the Target Amount, the
Purchase Price shall be increased by the amount of such excess.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;If any adjustment under this Section&nbsp;2.6 results in a reduction in the Purchase Price,
Sellers shall pay to Buyer the amount of such reduction, and if any adjustment results in an
increase in the Purchase Price, Buyer shall pay to Sellers the amount of such increase, in each
case, by wire transfer of immediately available funds to an account designated by the party
receiving payment within five (5)&nbsp;Business Days after the final determination of the amount of such
reduction or increase in Purchase Price, plus interest on the amount of such
reduction or increase from the Closing Date to the final determination date at the prime rate
of Bank of America, N.A., as in effect from time to time, and from the final determination date
until the date of such payment thereof at the rate of ten percent (10%) per annum.
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>CONDITIONS TO CLOSING</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <U>Buyer&#146;s Obligation</U>. The obligations of Buyer to purchase and pay for the Purchased
Assets are subject to the satisfaction (or waiver by Buyer) as of the Closing of each of the
following conditions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The representations and warranties of Sellers made in this Agreement shall be true and
correct in all material respects except where the failure to be true and correct in all material
respects would not have a Material Adverse Effect, in each case as of the date hereof (except to
the extent such representations and warranties speak as of a specific earlier date), and on and as
of the Closing, as though made on and as of the Closing Date; and Sellers shall have delivered to
Buyer a certificate dated the Closing Date and signed by an authorized officer of Ameron confirming
the foregoing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No injunction or order shall have been granted or issued by any court or other
Governmental Authority of competent jurisdiction that would restrain or prohibit any of the
Transactions or that would impose material damages as a result thereof and no Law shall have been
enacted, entered, promulgated or enforced by any Governmental Authority which prohibits the
consummation of the Transactions substantially on the terms contemplated hereby or has the effect
of making the acquisition of the Business by Buyer or any of its Affiliates illegal.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The waiting period (and all extensions thereof) under the German Antitrust Laws (if
applicable) shall have expired or been terminated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The authorizations, approvals and consents set forth on Schedule&nbsp;3.1(d) shall have been
obtained.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Sellers shall have extinguished all Liens that secure indebtedness for borrowed money
related to the Purchased Assets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Sellers shall have delivered or caused to be delivered (i)&nbsp;the Bill of Sale and the
Assignment and Assumption Agreement, in each case duly executed by each Seller which is party
thereto, (ii)&nbsp;limited warranty deeds (or the equivalent thereof in any jurisdiction in which
limited warranty deeds may not be used) in recordable form for the Acquired Property and (iii)&nbsp;the
Ancillary Agreements, in each case duly executed by each Seller which is party thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Sellers shall have delivered to Buyer an updated Schedule&nbsp;1.1(b) as updated in accordance
with Section&nbsp;6.10(b).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Since the date hereof, there shall not have been any Material Adverse Effect.
</DIV>



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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <U>Sellers&#146; Obligation</U>. The obligation of Sellers to sell and deliver the Purchased
Assets to Buyer is subject to the satisfaction (or waiver by Sellers) as of the Closing of each of
the following conditions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The representations and warranties of Buyer made in this Agreement shall be true and
correct in all material respects, in each case, as of the date hereof (except to the extent such
representations and warranties speak as of a specific earlier date) and on and as of the Closing,
as though made on and as of the Closing Date, and Buyer shall have performed or complied in all
material respects with all obligations and covenants required by this Agreement to be performed or
complied with by Buyer by the time of the Closing; and Buyer shall have delivered to Sellers a
certificate dated the Closing Date and signed by an authorized officer of Buyer confirming the
foregoing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No injunction or order shall have been granted or issued by any court or other
Governmental Authority of competent jurisdiction that would restrain or prohibit the Transactions
or that would impose material damages as a result thereof and no Law shall have been enacted,
entered, promulgated or enforced by any Governmental Authority which prohibits the consummation of
the Transactions substantially on the terms contemplated hereby or has the effect of making the
acquisition of the Business by Buyer or any of its Affiliates illegal.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The waiting period (and all extensions thereof) under the German Antitrust Laws (if
applicable) shall have expired or been terminated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The authorizations, approvals and consents set forth on Schedule&nbsp;3.2(d) shall have been
obtained.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Buyer shall have delivered or caused to be delivered (i)&nbsp;the Bill of Sale and the
Assignment and Assumption Agreement and (ii)&nbsp;the Ancillary Agreements, in each case, duly executed
by Buyer.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>REPRESENTATIONS AND WARRANTIES OF SELLERS</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To induce Buyer to enter into this Agreement, Sellers, jointly and severally, hereby represent
and warrant to Buyer as of the date hereof and as of the Closing Date as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <U>Organization and Authority; No Conflicts; Governmental Consents</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as set forth in Schedule&nbsp;4.1(a), each Seller is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its organization (to the extent such
concept is applicable in such jurisdiction) and has all requisite power and authority to
own, lease and operate its properties at the places currently located and in the manner
currently used and operated and to carry on its business as now being conducted except where the
failure to be in good standing would not have a Material Adverse Effect or a material adverse
effect on

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the ability of the Sellers to consummate the Transactions. Each Seller is duly qualified
or licensed to do business and is in good standing in each jurisdiction in which the property
owned, leased or operated by it or the nature of the business conducted by it makes such
qualification necessary except where the failure to be licensed, qualified or in good standing
would not constitute a Material Adverse Effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;None of the execution, delivery or performance of the Transaction Documents by Sellers or
by Buyer, nor the consummation of the Transactions does or will (with the giving of notice or
passage of time or both) conflict with, or result in any breach or violation of or constitute a
default under, or give rise to a right of termination, cancellation or acceleration of any
obligation or loss of a benefit under, or result in the creation of any Lien except for any
Permitted Lien, upon any of the properties or assets of any Seller (including, without limitation,
the Purchased Assets) under, any provision of (i)&nbsp;the Certificate of Incorporation or By-Laws or
other organizational or governing documents of any Seller, (ii)&nbsp;subject to the matters disclosed in
Schedule&nbsp;4.1(b) and only to the extent material, any Contractual Obligation of any Seller
(including, without limitation, the Contracts) or (iii)&nbsp;any Judgment or, assuming compliance with
the matters described in clauses (i)&nbsp;and (ii)&nbsp;of paragraph (c)&nbsp;below, any Law applicable to any
Seller or its respective properties or assets (including, without limitation, the Purchased
Assets).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth in Schedule&nbsp;4.1(c), no material consent, approval, license, permit,
order or authorization of, or notice to, or registration, declaration or filing with, any
Governmental Authority or any other Person is required to be obtained or made by or with respect to
Sellers in connection with the execution, delivery or performance of the Transaction Documents or
the consummation of the Transactions or in order to preclude any termination, suspension,
acceleration, modification or impairment of any of the Contracts or any legal or contractual right,
privilege, license or franchise which is included in the Purchased Assets and is reasonably
material to the Business, other than (i)&nbsp;compliance with and filings under the Exchange Act and
(ii)&nbsp;compliance with and filings under any Antitrust Laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <U>Equity Investment</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Schedule&nbsp;4.2(a) sets forth: (i)&nbsp;the name of each corporation, partnership, joint venture
or other Person in which a Seller has, or pursuant to any agreement has the right to acquire by any
means, directly or indirectly, an equity interest or investment (other than the Subsidiaries) and
which, in each case, is involved or participates in the operation of the Business and (ii)&nbsp;in the
case of each of such Person described in the foregoing clause (i), (A)&nbsp;a listing of the relevant
agreement or agreements pursuant to which such Seller has acquired such right or such interest or
investment, (B)&nbsp;the jurisdiction of organization and (C)&nbsp;the authorized and outstanding
capitalization thereof and the percentage of each class of voting capital stock owned, directly or
indirectly, by such Seller.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as set forth in Schedule&nbsp;4.2(b), Sellers&#146; interest in the Minority Shares are
solely and beneficially owned by such Seller free and clear of all Liens except for any
restrictions or limitations arising under the law. After giving effect to the Transactions, Buyer
will have good and marketable title to, and record and beneficial ownership of such interests, free
and clear of all Liens except for any restrictions or limitations arising under the law.
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <U>Authorization and Validity of Agreement</U>. Each Seller has all requisite power and
authority to enter into this Agreement and each of the Transaction Documents to be entered into by
it and to perform its obligations hereunder and thereunder. The execution, delivery and
performance by each Seller of this Agreement and each of the Transaction Documents to be entered
into by it and the consummation by it of the Transactions has been duly authorized by its Boards of
Directors or other governing body, if necessary, and by (a)&nbsp;Ameron as sole stockholder of each of
Ameron B.V., Ameron Singapore, Ameron New Zealand Holdings and Ameron U.K., (b)&nbsp;Ameron and Centron
International, Inc. as sole stockholders of Ameron Australia, (c)&nbsp;Ameron New Zealand Holdings as
sole stockholder of Ameron New Zealand, (d)&nbsp;Ameron Singapore as sole stockholder of Amercoat and
(e)&nbsp;Ameron B.V. and Marten van der Meer as sole stockholders of Ameron Poland, and no other
corporate action on the part of any Seller is necessary to authorize the execution and delivery by
such Seller of this Agreement or any of the Transaction Documents to be entered into by it and the
consummation by it of the Transactions. This Agreement has been, and each of the Transaction
Documents to be entered into by Sellers or any of them at or prior to the Closing will be, duly
executed and delivered by such Seller and is, or when so executed and delivered will be, a valid
and binding obligation of such Seller, enforceable in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other
similar laws relating to or affecting creditors&#146; rights generally or by general equitable
principles (regardless of whether such enforceability is considered in a proceeding in equity or at
law).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <U>Financial Statements; Absence of Changes</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Schedule&nbsp;4.4 contains a true and complete copy of the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the unaudited consolidated balance sheet and related statement of income of the Business
for the fiscal year ended November&nbsp;30, 2005, together with all related notes and schedules thereto;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the unaudited consolidated balance sheet (the &#147;Most Recent Balance Sheet&#148;) and related
statements of income and cash flow of the Business as of June&nbsp;4, 2006 for the year-to-date period
then ended, together with all related notes and schedules thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The financial statements described in the foregoing clauses (i)&nbsp;and (ii)&nbsp;are collectively referred
to herein as the &#147;Financial Statements.&#148; Except as set forth on Schedule&nbsp;4.4(a), the Financial
Statements were prepared in accordance with the books and records of the Business and include all
Purchased Assets and Assumed Liabilities required by GAAP to be included therein, have
been prepared in accordance with GAAP applied on a consistent basis throughout the periods involved
(subject to the absence of notes and, in the case of the Most Recent Balance Sheet, to normal
year-end adjustments) and each balance sheet included therein presents fairly the financial
position of the Business at and as of the date thereof, and each statement of income included
therein presents fairly the results of operations of the Business after allocation of overhead
expenses for the respective periods therein set forth. The books of account of the Business are
accurate in all material respects.
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Absence of Changes</U>. Except as expressly contemplated by this Agreement or as set
forth on Schedule&nbsp;4.4(b), since June&nbsp;4, 2006, the Business has been operated in the ordinary course
and consistent with past practice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <U>Taxes</U>. Except as disclosed on Schedule&nbsp;4.5, (i)&nbsp;Sellers have filed or caused to be
filed all material Tax Returns of Sellers which have become due (taking into account valid
extensions of time to file) prior to the date hereof, and has paid or caused to be paid all Taxes
due, in each case to the extent Buyer would incur liability under a successor liability (or
similar) statute for failure to file such Tax Returns or pay such Taxes by reason of its
acquisition of the Business, (ii)&nbsp;there are no outstanding Tax Liens that have been filed by any
Tax authority against any property or assets of the Business; and (iii)&nbsp;no claims are being
asserted in writing with respect to any Taxes relating to the Purchased Assets for which Buyer
could be held liable under a successor liability (or similar) statute by reason of its acquisition
of the Business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 <U>Purchased Assets Other than Real Property Interests</U>. Sellers have and, immediately
after the Effective Time, Buyer will have, good and valid, legal and beneficial title to, free and
clear of all Liens except for the Permitted Liens, all of the Purchased Assets, except those sold
or otherwise disposed of since the date of the Most Recent Balance Sheet in the ordinary course of
the Business consistent with past practice. Each Seller is the sole and exclusive owner of all of
its assets and property which are Purchased Assets, does not use any of the Purchased Assets by the
consent of any other Person (other than leased or licensed Purchased Assets, the consent to the use
of which is contained in the applicable Contract listed on Schedule&nbsp;4.9), and, other than pursuant
to the express terms of the Contracts listed on Schedule&nbsp;4.9, is not required to and does not make
any payments to others with respect thereto. Since the date of the Most Recent Balance Sheet,
there has been no material adverse change in the condition of the Purchased Assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Section&nbsp;4.6 does not relate to real property or interests in real property, such items
being the subject of Section&nbsp;4.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 <U>Real Property Interests</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Schedule&nbsp;4.7(a) sets forth a complete list and accurate description of all Owned
Properties and, as to each Acquired Property, includes a description of (i)&nbsp;the Title Documents
pursuant to which such Acquired Property is owned, occupied or used, and (ii)&nbsp;a complete and
correct list of each title insurance policy insuring title to any of the Acquired Properties.
Schedule&nbsp;4.7(a) also sets forth a complete list and accurate description of all Leased Properties
and, as to each Leased Property, identifies any leases (each a &#147;Business Lease&#148;) relating thereto
(an Owned Property or Leased Property being sometimes referred to herein individually as a
&#147;Business Property&#148; and collectively as &#147;Business Properties&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Sellers have, and immediately after the Effective Time, Buyer will have, good and
marketable fee simple title to all Acquired Property, free and clear of all Liens except for the
Permitted Liens.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Sellers have delivered to Buyer correct and complete copies of the Business Leases. Each
Business Lease is legal, valid, binding, enforceable, and in full force and effect, except as may
be limited by bankruptcy, insolvency, reorganization and similar Laws affecting creditors generally
and by the availability of equitable remedies. No Seller, nor to the knowledge of Sellers, any
other party is in default, violation or breach in any respect under any Business Lease, and to the
knowledge of Sellers, no event has occurred and is continuing that constitutes or, with notice or
the passage of time or both, would constitute a default, violation or breach in any respect under
any Business Lease. Sellers have good and valid title to the leasehold estate under each Business
Lease free and clear of all Liens except for the Permitted Liens.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;There are not any exceptions, restrictions, easements, rights of way and encumbrances to
the Business Properties that materially effect the Sellers operation of the Business on the
Business Properties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 <U>Intellectual Property</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Sellers are the owners of record, free and clear of all Liens (except as disclosed in
Schedule&nbsp;4.8(a)) of all the Intellectual Property, including, without limitation, patents,
trademark registrations or applications therefor listed on Schedule&nbsp;2.1(f).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;With respect to registered trademarks included in the Intellectual Property, Schedule
4.8(b) contains a list of all jurisdictions in which such trademarks are registered or applied for
and all registration and application numbers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as disclosed on Schedule&nbsp;4.8(c) and except for licenses of software or firmware
used in the Business that are generally available &#147;off-the-shelf&#148; through commercial software
vendors, Sellers own or have the right to use, and as of the Closing Date Buyer will own or have
the right to use, pursuant to valid and effective agreements the Intellectual Property, and the
consummation of the Transactions will not alter or impair any such rights. Except as
disclosed on Schedule&nbsp;4.8(c), no third party has been licensed or permitted to use any of the
Intellectual Property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Except as set forth on Schedule&nbsp;4.8(d), no claims are pending or to the knowledge of
Sellers, threatened against Sellers by any Person with respect to the ownership, validity,
enforceability or use of any Intellectual Property or alleging that any Seller (in respect of the
Business) is infringing upon the intellectual property rights of others. Except as set forth in
Schedule&nbsp;4.8(d), Sellers have not received any written notice challenging the ownership, validity
or enforceability of or making any other claim with respect to the Intellectual Property. To the
knowledge of Sellers, the current use by Sellers of the Intellectual Property does not infringe on
the rights of any Person, except for such infringements which in the aggregate could not reasonably
be expected to materially diminish the value of such Intellectual Property after the Closing,
including but not limited to the requirement by Buyer to pay any material royalties to continue the
use of such Intellectual Property. Except as set forth in Schedule&nbsp;4.8(d), there are no pending
claims or charges brought by Sellers against any Person with respect to any Intellectual Property
or the enforcement of any of Sellers&#146; or any other Persons&#146; rights relating to

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Intellectual
Property. Except as set forth in Schedule&nbsp;4.8(d), to the knowledge of Sellers, none of the
Intellectual Property is being infringed upon or violated by any other Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 <U>Contracts</U>. Schedule&nbsp;4.9 sets forth a complete and correct list of each Contract that
is material to the Business and each of the following types of Contracts:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;any employment, consulting, agency or severance agreement between any Business Employee or
Former Business Employee and any Seller that has an aggregate existing or future liability in
excess of One Hundred Thousand ($100,000);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any employee collective bargaining agreement or other contract with any labor union
covering Business Employees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;any Contract (including purchase orders) involving the obligation of any Seller to
purchase products or services pursuant to which the aggregate of payments to become due from a
Seller is equal to or exceeds Five Hundred Thousand Dollars ($500,000), and which is not terminable
on sixty (60)&nbsp;days&#146; or less notice or as to which the cost to terminate such Contract equals or
exceeds Fifty Thousand Dollars ($50,000);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;any Contract (including sales orders) involving the obligation of a Seller to deliver
products or services with an unfilled order balance of more than Five Hundred Thousand Dollars
($500,000) and which is not terminable on sixty (60)&nbsp;days&#146; or less notice;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (i)&nbsp;any distributor, dealer, sales, advertising, agency, manufacturer&#146;s representative,
franchise or similar agreement or arrangement currently in effect, regardless of the amount of
commissions payable thereunder, or (ii)&nbsp;any other agreement or arrangement requiring the payment of
any commissions in excess of One Hundred Thousand Dollars ($100,000) per year;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;any option or other agreement to purchase or otherwise acquire or sell or otherwise
dispose of any interest (including a leasehold interest) in real property;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;any contract or agreement relating to the licensing or sublicensing (either as licensor or
licensee) or purchase or sale of any interest in intellectual property of Sellers, other than
shrink-wrapped intellectual property or Excluded Intellectual Property;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;any contract, agreement, arrangement or commitment to make a capital expenditure or to
purchase a capital asset, in excess of One Hundred Thousand Dollars ($100,000) by or on behalf of
Sellers;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;any contract, agreement, arrangement or commitment relating to the location of employees
or minimum number of employees to be employed by a Seller;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;any contract or agreement giving a power of attorney (other than powers of attorney given
in the ordinary course of business with respect to routine tax or security matters);
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;any indenture, note, loan or credit agreement, letter of credit, mortgage, security
agreement, pledge agreement, deed of trust, bond, instrument of Indebtedness or other agreement or
instrument relating to the borrowing of money or extension of credit in an amount in excess of Five
Hundred Thousand Dollars ($500,000) or to the direct or indirect guarantee or assumption of the
obligations of any Person for borrowed money in excess of Five Hundred Thousand Dollars ($500,000);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;any contract, agreement or arrangement relating to noncompetition, confidentiality or
similar matters;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;any contract, agreement or arrangement relating to the acquisition of any business or all
or any substantial part of the assets of any Person, relating to the disposition of any of the
Purchased Assets (other than obsolete or immaterial assets in the ordinary course of business) or
granting to any Person any preferential rights or any option to purchase or lease any Purchased
Assets which in any such case is not fully performed or pursuant to which any party continues to
have rights or liabilities (under indemnity clauses, provisions concerning survival of claims or
otherwise) including any open arrangements for third parties to act as finder or broker with
respect to any significant transaction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;any joint venture, partnership or similar agreements and arrangements involving a sharing
of profits or expenses including, without limitation, joint research and development and joint
marketing contracts;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;any lease or similar agreement under which (i)&nbsp;a Seller is the lessee of, or holds or
uses, any machinery, equipment, vehicle or other tangible personal property owned by any third
Person for an annual rent in excess of One Hundred Thousand Dollars ($100,000) or (ii)&nbsp;a Seller is
the lessor of, or makes available for use by any third Person, any tangible personal property owned
by it for an annual rent in excess of One Hundred Thousand Dollars ($100,000);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;any agreement or arrangement primarily related to the Business where Sellers, any of their
Affiliates or any of their respective officers, directors, employees or agents are counter-parties
to such agreement or arrangement, in excess of Fifty Thousand Dollars ($50,000);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;any contract, agreement or arrangement extending beyond the end of the current calendar
year, which (i)&nbsp;involves aggregate future payments of more than One Hundred Thousand Dollars
($100,000) and (ii)&nbsp;cannot be terminated by a Seller within three months or less without cost;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;any Government Contract;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;any contract, agreement or arrangement not made in the ordinary course of the Business; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;all other Contracts not otherwise described in this Section&nbsp;4.9, the breach, violation or
termination of which would have a Material Adverse Effect.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as disclosed in Schedule&nbsp;4.9, each Contract listed on Schedule&nbsp;4.9 is, valid, binding
and in full force and effect. Each Seller that is party thereto has performed all material
obligations required to be performed by it to date under each such Contract and is not (or will not
be with the giving of notice or passage of time or both) in breach or default in any material
respect thereunder and, to the knowledge of Sellers, no other party to any of such Contracts is (or
will be with the giving of notice or passage of time or both) in breach or default in any material
respect thereunder. Sellers have made available to Buyer complete and correct copies of each
Contract listed on Schedule&nbsp;4.9. None of Sellers is a party to or bound by, and none of the
Assumed Liabilities have been or will be incurred pursuant to, any Contracts under which material
consideration has been or will be required from any Seller without the receipt by such Seller of
consideration which is of commensurate value, and none of the Assumed Liabilities have been or will
be incurred pursuant to any Contracts in which any director, officer, employee, Affiliate or
associate of any Seller has or had any direct or indirect beneficial or other interest in any
capacity or in which any Seller after the Closing will have any such interest.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10 <U>Proceedings and Judgments</U>. Except as set forth in Schedule&nbsp;4.10, there is no legal or
administrative action, proceeding, investigation or controversy (hereinafter collectively called
&#147;Proceedings&#148;) pending or, to the Sellers&#146; knowledge, threatened against, or otherwise involving
any Seller, any of their respective officers, directors, Affiliates or associates, or any of their
respective employees or agents in their capacity as such, with respect to the Purchased Assets, the
operation of the Business or the Transactions, nor are there any Judgments outstanding against any
Seller applicable to the Purchased Assets or the Business, including, without limitation, any such
Proceeding or Judgment which has or might reasonably be expected to, except where it would not be
expected to result in a Material Adverse Effect, (a)&nbsp;result in any modification, termination,
suspension, impairment or reformation of any Contract or any material right or privilege
thereunder, (b)&nbsp;compel any Seller or Buyer to make any change in the character, location or use of
any of the
Purchased Assets, (c)&nbsp;adversely affect the ability of any Seller to consummate any of the
Transactions, (d)&nbsp;adversely affect the Purchased Assets, the condition of the Business or the
unencumbered ownership, use, maintenance or operation of the Purchased Assets or the Business by
Buyer, or (e)&nbsp;or increase the liabilities or obligations assumed by Buyer hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11 <U>Employee Benefits</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Schedule&nbsp;4.11(a) sets forth a complete and correct list of all Seller Plans. None of the
Seller Plans that relate to the Business Employees is a multiemployer plan within the meaning of
Section&nbsp;3(37) of Section&nbsp;4001(a)(3) of ERISA. Neither Seller nor any ERISA Affiliate has ever
contributed to or had an obligation to contribute to such a plan with respect to the Business
Employees.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each of the Seller Plans intended to qualify under Section&nbsp;401 of the Code so qualifies,
and, except as disclosed on Schedule&nbsp;4.11(b), nothing has occurred with respect to the operation of
any such Seller Plan which would be reasonably likely to cause the loss of such qualification or
exemption. The Ameron 401(k) Retirement and Savings Plan (i)&nbsp;is subject to a favorable
determination letter or (ii)&nbsp;is formed by adoption of a pre-approved plan that is the subject of a
favorable opinion letter upon which the Sellers are entitled to rely pursuant to

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revenue Procedure
2005-15 and the remedial amendment period under Section 401(b) of the Code applicable to any
amendment of the Ameron 401(k) Retirement Savings Plan since the date of such determination letter
or opinion letter has not expired.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;All contributions and premiums required by any Law or by the terms of any Seller Plan
which is a defined benefit pension plan have been timely made (without regard to any waivers
granted with respect thereto) to any funds or trusts established thereunder or in connection
therewith. No lien has been imposed under Sections&nbsp;401(a)(29) or 412(n) of the Code with respect
to any of the Purchased Assets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;True, correct and complete copies of the following documents, with respect to each of the
Seller Plans, have been delivered or made available to Buyer: (i)&nbsp;any plans and related trust
documents, and all amendments thereto; (ii)&nbsp;the most recent Forms 5500 and schedules thereto; (iii)
the most recent financial statements and actuarial valuations; (iv)&nbsp;the most recent Internal
Revenue Service determination letter; and (v)&nbsp;the most recent summary plan descriptions (including
letters or other documents updating such descriptions).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;There are no pending or, to the knowledge of Sellers, threatened, legal proceedings which
have been asserted or instituted against any of the Seller Plans, the assets of any such plans or
any Seller, or the plan administrator of the Seller Plans with respect to the operation of such
plans (other than routine benefit claims) that has or can be reasonably expected to have a Material
Adverse Effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Except as set forth on Schedule&nbsp;4.11(f), each of the Seller Plans has been maintained, in
all material respects, in accordance with its terms and all provisions of applicable Law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Except as disclosed on Schedule&nbsp;4.11(g), neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated hereby will (i)&nbsp;result in any
material payment becoming due to any Business Employee, (ii)&nbsp;materially increase any benefits
otherwise payable under any Seller Plan or (iii)&nbsp;result in the acceleration of the time of payment
or vesting of any material compensation or employee benefits.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12 <U>Environmental Matters</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Sellers have delivered to Buyer true and complete copies of all of the environmental
reports regarding the Acquired Properties that have been prepared by or for any Seller since May&nbsp;1,
2001 that are or have been in Sellers&#146; possession (collectively, the &#147;Environmental Reports&#148;), all
of which are identified on Schedule&nbsp;4.12(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;To Sellers&#146; knowledge, the only conditions on, in or under the Acquired Properties that
would reasonably be expected to have a material Liability or Material Adverse Effect on Buyer under
any Environmental Laws are identified in the Environmental Reports.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth on Schedule&nbsp;4.14(c), to Sellers&#146; knowledge (i)&nbsp;Sellers have all
material licenses, permits, registrations, orders, approvals, consents and other

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</DIV>

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">authorizations of
or from all Governmental Authorities required under Environmental Laws which are necessary to the
conduct of the Business as presently being conducted (&#147;Environmental Permits&#148;) and (ii)&nbsp;each Seller
is in compliance in all material respects with all material terms and conditions of such
Environmental Permits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No representation or warranty is made in this Agreement as to any matters relating to the
environment, Environmental Laws or Hazardous Materials except in this Section&nbsp;4.12.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13 <U>Employee and Labor Relations</U>. Except as set forth on Schedule&nbsp;4.13:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;In the five (5)&nbsp;year period preceding the Closing Date, there has not occurred nor is
there pending, or to the knowledge of Sellers, been threatened any labor strike, dispute, slowdown,
picketing, concerted refusal to work overtime, work stoppage, handbilling, corporate campaign or
other similar labor activity or lockout involving the Business that has or can be reasonably
expected to have a Material Adverse Effect;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No Seller is a party to or bound by any collective bargaining agreement covering any of
the Business Employees and there are no labor unions representing or purporting to represent any
Business Employees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;In the five (5)&nbsp;year period preceding the Closing Date, no union organizing campaign has
occurred and no union has been elected as the representative of any Business Employee or
voluntarily recognized by Sellers as the representative of any Business Employees. No union
organization campaign is in progress with respect to the Business Employees, and no question
concerning representation exists respecting such employees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;There is no unfair labor practice charge or complaint against any Seller pending, or, to
the knowledge of Sellers, threatened, before the National Labor Relations Board or similar
governmental agency outside of the U.S. involving the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;There is no pending, or, to the knowledge of Sellers, threatened, employment or labor
grievance, procedure, arbitration or litigation (whether statutory, regulatory or under common law)
involving or relating in any way to a Business Employee or class or group of Business Employees;
and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;There is no pending, or, to the knowledge of Sellers, threatened, charge, complaint, claim
or other action before the Equal Employment Opportunity Commission or any other Governmental
Authority responsible for the prevention and/or investigation of unlawful labor and/or employment
practices, actions or activities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.14 <U>Compliance With Law; Permits</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as set forth in Schedule&nbsp;4.14(a), each Seller has complied in all material respects
with, and has conducted its business in all material respects so as to comply with, the Laws
applicable to the Business or the Purchased Assets, and none of Sellers has received any notice
alleging any conflict with, violation or breach of or default under any such

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</DIV>

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Law, or has knowledge
of, any investigation of any such conflict, violation, breach or default. Except as set forth in
Schedule&nbsp;4.14(a), no claims alleging any conflict with, violation or breach of or default under any
Law applicable to the Business or the Purchased Assets by any Seller have at any time during the
last three (3)&nbsp;years been settled.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as set forth in Schedule&nbsp;4.14(b), (i)&nbsp;Sellers have all material licenses, permits,
registrations, orders, approvals, consents and other authorizations of or from all Governmental
Authorities and third parties which are necessary in the conduct of the Business as presently being
conducted and as presently contemplated to be conducted (&#147;Permits&#148;), (ii)&nbsp;each Seller is in
compliance in all material respects with all terms and conditions of such Permits, (iii)&nbsp;such
Permits are in full force and effect, and (iv)&nbsp;no violations or claimed violations are pending
before any Governmental Authority with respect to such Permits.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15 <U>Purchased Assets of the Business; Operations of the Business.</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except for any Excluded Assets and except as set forth in Schedule&nbsp;4.15(a), the Purchased
Assets and the rights conferred by the Transaction Documents comprise all of the properties, assets
(including, without limitation, computer software and licenses
therefor) and rights of Sellers used in the conduct of the Business as presently conducted and
are adequate to conduct the Business on a basis consistent with past practice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as set forth in Schedule&nbsp;4.15(b), (a)&nbsp;Sellers have conducted the Business only
through Sellers and not through any other divisions or any direct or indirect subsidiary or
Affiliate of Sellers and (b)&nbsp;no part of the Business is operated by Sellers through any entity
other than Sellers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.16 <U>Insurance</U>. Except as disclosed on Schedule&nbsp;4.16, since the date of the Most Recent
Balance Sheet, to the knowledge of Sellers, there has not occurred any occurrence or incident with
respect to the Business or the Purchased Assets or the Assumed Liabilities that could reasonably be
expected to give rise to a claim for insurance by Sellers under any &#147;claims made&#148; insurance policy
that has not been reported to the primary carrier (and, if applicable, excess carrier) issuing any
such policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.17 <U>Effect of Transfer</U>. Neither the sale and transfer of the Purchased Assets pursuant to
this Agreement, nor Buyer&#146;s ownership, possession or use thereof from and after the Closing as a
result of such sale and transfer, will result in or be subject to: (a)&nbsp;any Law pertaining to
fraudulent conveyances or transfers which might make such sale or transfer or any part thereof
ineffective as to creditors of or claimants against any Seller; or (b)&nbsp;the imposition of any
Liability upon Buyer for appraisal rights or any other Liability of any nature whatsoever owing to
any stockholder of any Seller or any other Person which has not been expressly assumed by Buyer in
this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.18 <U>Territorial Restrictions</U>. Except as set forth in Schedule&nbsp;4.18, none of Sellers is
restricted by any written agreement or understanding with any other Person from carrying on the
Business anywhere in the world. Buyer, solely as a result of its purchase of the Business from
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sellers pursuant hereto and the assumption of the Assumed Liabilities, will not thereby become
restricted in carrying on any business anywhere in the world.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.19 <U>Inventories</U>. (a)&nbsp;All Inventories are recorded on the books of the Business at the
lower of cost or market value, (b)&nbsp;all Inventory reserves have been made consistent with Sellers&#146;
Accounting Principles and (c)&nbsp;all write-downs in Inventory which should have been made during the
past two years pursuant to Sellers&#146; Accounting Principles have been made.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20 <U>Products</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Warranties</U>. Buyer has been furnished with complete and correct copies of the
standard terms and conditions of sale for each of the Business Products (containing applicable
guaranty, warranty and indemnity provisions).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Product Liability</U>. Except as set forth on Schedule&nbsp;4.20(b), to Sellers&#146;
knowledge, none of Sellers has any material liability or material obligation of any nature (whether
accrued, absolute, contingent or otherwise, and whether due or to become due), whether based on
strict liability, negligence, breach of warranty (express or implied), breach of contract or
otherwise, in respect of any Business Product sold, designed, rendered or produced prior to the
Closing by any Seller or any predecessor thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Rebates</U>. Except for the standard product warranty included in the terms and
conditions of sale for each Business Product referred to in Section&nbsp;4.20(a) or as otherwise set
forth on Schedule&nbsp;4.20(c), none of Sellers has entered into any agreement, contract commitment or
other arrangement (whether written or oral) pursuant to which such party is or will be obligated to
make any rebates, discounts, promotional allowances or similar payments or arrangements to any
customer of the Business (&#147;Rebate Obligations&#148;). All Rebate Obligations are adequately reflected in
the Reference Balance Sheet in accordance with Sellers&#146; Accounting Principles.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.21 <U>Accounts Receivable</U>. All accounts receivable that are set forth in the Reference
Balance Sheet arose from (or will have arisen from) the sale of Business Products to Persons in the
ordinary course of the Business consistent with past practices and are reflected in the Reference
Balance Sheet in accordance with the Accounting Principles. The amount and nature of the reserves
for doubtful accounts set forth in the Reference Balance Sheet are in accordance with the
Accounting Principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.22 <U>Absence of Certain Business Practices</U>. None of Sellers nor any of its respective
officers, employees or agents, or any other person acting on their behalf, has, directly or
indirectly, within the past five (5)&nbsp;years given or agreed to give any gift or similar benefit to
any customer, supplier, governmental employee or other person who is or may be in a position to
help or hinder the Business (or assist any Seller in connection with any actual or proposed
transaction relating to the Business) (a)&nbsp;which subjected or might have subjected any Seller to any
damage or penalty in any civil, criminal or governmental litigation or proceeding, (b)&nbsp;which if not
given in the past, would have had a Material Adverse Effect, (c)&nbsp;which if not continued in the
future, would have a Material Adverse Effect or subject any Seller to suit or penalty in any
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">private or governmental litigation or proceeding, (d)&nbsp;for any of the purposes described in Section
162(c) of the Code or (e)&nbsp;for the purpose of establishing or maintaining any concealed fund or
concealed bank account.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.23 <U>No Guarantees</U>. None of the obligations or liabilities of Sellers incurred in
connection with the operation of the Business is guaranteed by or subject to a similar contingent
obligation of any other Person. There are no outstanding letters of credit, surety bonds or
similar instruments of Sellers in connection with the Business or the Purchased Assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.24 <U>Geldermalsen Plant</U>. Upon completion of the Geldermalsen Separation Plan, the
Geldermalsen Coatings Facility will include all of the properties and assets (real, personal,
tangible, intangible and mixed) necessary for the continued operation of the Business at the same
capacity, consistent with past practice, as was conducted by Sellers at the Geldermalsen Plant
prior to the Closing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25 <U>Brokers</U>. Except as set forth on Schedule&nbsp;4.25, no broker, finder or investment banker
is entitled to any brokerage, finder&#146;s or other fee or commission in connection with the
Transactions based upon arrangements made by or on behalf of Sellers, that is or will become an
Assumed Liability or will otherwise be payable by Buyer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.26 <U>Excluded Assets</U>. As of the date hereof, there are no amounts included on the
Reference Balance Sheet in respect of Excluded Assets except for the assets retained by Sellers
pursuant to Sections&nbsp;2.2(b), 2.2(k) and 2.2(l) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.27 <U>Disclaimer</U>. EXCEPT AS EXPRESSLY PROVIDED IN THE TRANSACTION DOCUMENTS, SELLER MAKES
NO REPRESENTATION OR WARRANTY CONCERNING THE PURCHASED ASSETS OR THE BUSINESS, INCLUDING AS TO THE
QUALITY, CONDITION, MERCHANTABILITY, SALABILITY, OBSOLESCENCE, WORKING ORDER OR FITNESS FOR A
PARTICULAR PURPOSE THEREOF. EXCEPT AS EXPRESSLY PROVIDED HEREIN, THE PURCHASED ASSETS ARE SOLD TO
BUYER &#147;AS IS AND WHERE IS.&#148;
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE V</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>REPRESENTATIONS AND WARRANTIES OF BUYER</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To induce Sellers to enter into this Agreement, Buyer hereby represents and warrants to
Sellers as of the date hereof and as of the Closing Date as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <U>Organization and Authority; No Conflicts; Governmental Consents</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Buyer is a corporation duly incorporated, validly existing and in good standing under the
laws of the jurisdiction of its incorporation and has all requisite corporate power and authority
to own, lease and operate its properties at the places currently located and in the manner
currently used and operated and to carry on its business as now being conducted

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">except where the
failure to be in good standing or to have such power and authority would not have a material
adverse effect on the ability of Buyer to consummate the Transactions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;None of the execution, delivery or performance of the Transaction Documents by Buyer nor
the consummation of the Transactions does or will (with the giving of notice or passage of time or
both) conflict with, or result in any breach or violation of or constitute a default under, or give
rise to a right of termination, cancellation or acceleration of any obligation or to loss of a
benefit under, or result in the creation of any Lien upon any of the properties or assets of Buyer
under, any provision of (i)&nbsp;its organizational documents, (ii)&nbsp;any Contractual Obligation of Buyer
or (iii)&nbsp;any Judgment or, assuming compliance with the matters described in clauses (i)&nbsp;and (ii)&nbsp;of
paragraph (c)&nbsp;below, Law applicable to Buyer or its property or assets excluding from the foregoing
clauses (i)-(iii) such conflicts, breaches, violations, defaults, rights of termination,
cancellation or acceleration, losses or liens which would not, individually or in aggregate, have a
material adverse effect on the ability of Buyer to consummate the Transactions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;No consent, approval, license, permit, order or authorization of, or notice to, or
registration, declaration or filing with, any Governmental Authority or any other Person is
required to be obtained or made by or with respect to Buyer in connection with the execution,
delivery or performance of the Transaction Documents or the consummation of the Transactions, other
than (i)&nbsp;compliance with and filings under any Antitrust Laws and (ii)&nbsp;such consents, approvals,
licenses, permits, orders, authorizations, notices, declarations or filings which would not,
individually or in the aggregate, have a material adverse effect on the ability of Buyer to
consummate the Transactions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <U>Actions and Proceedings, Etc.</U> There are no: (a)&nbsp;outstanding Judgments against Buyer
or (b)&nbsp;Proceedings pending or, to the knowledge of Buyer, threatened against Buyer in either case
that would, individually or in the aggregate, have a material adverse effect on the ability of
Buyer to consummate the Transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <U>Brokers</U>. No broker, finder or investment banker is entitled to any brokerage, finder&#146;s
or other fee or commission in connection with the Transactions based upon arrangements made by or
on behalf of Buyer, that is or will be payable by Sellers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <U>Buyer&#146;s Acknowledgment</U>. Buyer acknowledges and agrees that, (a)&nbsp;other than the
representations and warranties of Sellers specifically contained in the Transaction Documents,
there are no representations or
warranties of Sellers either expressed or implied with respect to Sellers, the Business or the
Transactions and (b)&nbsp;it shall have a right to indemnification solely as provided in Article&nbsp;X
hereof.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VI</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>COVENANTS OF SELLER</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sellers, jointly and severally, covenant and agree as follows:
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>Access to Information.</u>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;During the period commencing on the date hereof and ending on the Closing Date, Sellers
and each of them shall, upon reasonable notice from Buyer, afford Buyer and its Representatives,
reasonable access (including the right to make copies) during normal business hours to the
management personnel, properties, books, records, work papers, documents, instruments, Contracts
and other information (wherever located) of or pertaining to each Seller in order that they may
have the opportunity to make such investigations as they shall desire to make of the affairs of
each Seller relating to the Purchased Assets, the Business and the Assumed Liabilities, and to
verify the performance of and compliance with each Sellers&#146; representations, warranties, covenants
and conditions herein contained, and each Seller shall cause its Representatives to furnish such
additional financial and operating data and other information as Buyer and such other persons shall
from time to time reasonably request; provided that such access does not materially interfere with
the operation of the Business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Promptly after the same become available, Sellers shall furnish to Buyer such of the
financial data as is normally prepared by Sellers with respect to the Business as Buyer may
reasonably request, including, without limitation, all interim quarterly reports prepared by
Sellers after the date of this Agreement, accompanied by a statement on behalf of Ameron of its
chief financial officer that, in the opinion of such officer, such financial statements were
prepared on a basis consistent with the Financial Statements (except as otherwise stated in such
financial statements) and present fairly the financial position, results of operations and cash
flows of the Business as of the date and for the period indicated, subject to normal year-end audit
adjustments.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <U>Ordinary Conduct</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as specifically contemplated by this Agreement or as set forth in Schedule&nbsp;6.2,
from the date hereof to the Closing, Sellers agree to cause the Business to be conducted only in
the ordinary and usual course consistent with past practice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as specifically contemplated by this Agreement or in the ordinary course of the
Business consistent with past practice, each Seller shall use commercially reasonable efforts to
preserve the Contracts in full force and effect, to preserve the goodwill of all Governmental
Authorities, to maintain all of the Purchased Assets in reasonable and customary repair, operating
order and condition and to preserve the goodwill of its customers and suppliers and others having
business relationships with it and to preserve its business organization intact.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each Seller shall maintain its books, accounts and records relating to the Business, the
Purchased Assets and the Assumed Liabilities in the usual, regular and ordinary manner in
accordance with accounting principles and business practices applied on a basis consistent with
prior periods unless required by GAAP and disclosed to Buyer prior to instituting such changes;
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Except as specifically contemplated by this Agreement, Sellers will not take any of the
following actions without the prior written consent of Buyer, which consent will not be
unreasonably withheld or delayed:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) transfer any Business Employee to another business of Sellers or transfer any employee of
another of Ameron&#146;s businesses to the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) transfer, issue, sell or dispose of any Minority Shares or grant options, warrants, calls
or other rights to purchase or otherwise acquire any Minority Shares;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) propose to amend or amend the certificate of incorporation or bylaws or similar
documents of any Seller in a manner that adversely affects the Transactions;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) (A)&nbsp;grant any material increase in the annual level of compensation or benefits of any
Business Employee, other than increases in compensation in the ordinary course of the Business
consistent with past practice, (B)&nbsp;except as required to comply with applicable Law, enter into any
new Employee Benefit Plan or amend any Employee Benefit Plan or (C)&nbsp;enter into any employment,
deferred compensation, severance, retention, consulting, non-competition or similar agreement (or
amend any such agreement) with any Business Employee other than (y)&nbsp;agreements entered into in the
ordinary course of the Business consistent with past practice that are not severance agreements and
which do not obligate any Seller or Buyer to pay compensation exceeding One Hundred Twenty Five
Thousand Dollars ($125,000) individually or One Million Five Hundred Thousand Dollars ($1,500,000)
in the aggregate or One Million Dollars ($1,000,000) for new hires and (z)&nbsp;retention bonuses
necessary or advisable due to the Transactions in Sellers&#146; sole and absolute discretion (the
&#147;Retention Bonuses&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) grant, create or (except for the Permitted Liens) suffer to exist any Lien on or with
respect to all or any part of the Purchased Assets (whether tangible or intangible) or the proceeds
thereof (except for the Permitted Liens);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) except in the ordinary course of the Business consistent with past practice, sell,
transfer, or otherwise dispose of any of the Purchased Assets which have a sales
price in excess of One Hundred Thousand Dollars ($100,000) individually or Five Hundred
Thousand Dollars ($500,000) in the aggregate;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) transfer or grant any rights to any Intellectual Property outside the ordinary course of
the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) enter into any commitment for capital expenditures relating to the Business not
contemplated by the capital expenditure budget of Sellers heretofore provided to Buyer, in excess
of One Hundred Thousand Dollars ($100,000);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) enter into, modify or terminate any labor or collective bargaining agreement relating to
the Business or, through negotiation or otherwise, make any commitment or incur any liability to
any labor organization relating to Business Employees;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) enter into any transaction or make or enter into any material Contract relating to the
Business which by reason of its size or otherwise is not in the ordinary course of the Business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) with respect to the Business, authorize, propose, enter into or agree to enter into any
acquisition of a material amount of assets or securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) except in the ordinary course of the Business consistent with past practice, waive any
claims or rights under the Contracts or with respect to the Purchased Assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) terminate or assign any Material Contract or voluntarily consent to the termination of
any Material Contract (including, without limitation, any lease) by any other party thereto;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) voluntarily withdraw any application for, or permit the expiration of any renewable
rights with respect to, or fail to maintain any Intellectual Property; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) enter into any contract, agreement or arrangement with respect to any of the foregoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 <U>Current Information</U>. Between the date of this Agreement and the Effective Time,
Sellers will cause one or more of its designated Representatives to consult as requested by Buyer
on a regular basis with one or more designated Representatives of Buyer and to discuss the general
status of ongoing operations of the Business. Sellers will promptly notify Buyer of any change to
any of its methods of accounting that relate to the Business, the Purchased Assets or the Assumed
Liabilities. Sellers will promptly notify Buyer of any change which, to Sellers&#146; knowledge, has
had or would reasonably be expected to have a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 <U>Insurance; Administration of Insurance</U>.
Sellers shall keep, or cause to be kept, all insurance policies presently maintained relating to
the Purchased Assets or the Assumed Liabilities, or replacements therefor, in full force and effect
through the close of business on the Closing Date. Following the Closing, (a)&nbsp;Sellers, upon
Buyer&#146;s request, shall cooperate with and use the Sellers&#146; commercially reasonable efforts to
assist Buyer in the assertion, perfection and collection of any proceeds to which Buyer may be
entitled under any such insurance policy in effect prior to the Closing Date; and (b)&nbsp;Sellers shall
provide Buyer access to insurance policies in effect prior to the Closing Date to the extent that
any such policies apply to Assumed Liabilities. Buyer shall reimburse Sellers for any reasonable
out-of-pocket costs incurred by Sellers pursuant to the preceding sentence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 <U>Accounts Receivable</U>. After the Closing, promptly following receipt of proceeds from
accounts receivable of the Business, Seller agrees to promptly forward to Buyer any and all
proceeds from accounts receivable of the Business that are received by Seller after the Closing
Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6 <U>Confidential Information</U>. On and after the Closing Date, Sellers will hold, and will
use its best efforts to cause their respective Representatives to hold, in confidence, unless (a)
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">compelled to disclose by any Law, rule or regulation, (b)&nbsp;required to be disclosed in any action,
Proceeding or investigation by any court, arbitrator or Governmental Authority or (c)&nbsp;deemed
advisable by Sellers to disclose in order to defend against any action, Proceeding or
investigation, all confidential documents and information concerning the Business (including any
confidential information or documents provided pursuant to Section&nbsp;8.6 and any trade secrets or
other proprietary information forming a part of the Intellectual Property) (the &#147;Confidential
Information&#148;), except to the extent that such information is (i)&nbsp;in the public domain through no
fault of Sellers or any of their Representatives or (ii)&nbsp;later lawfully acquired by Sellers on a
non-confidential basis from sources other than Buyer or any of its Affiliates. The obligation of
Sellers to hold any such information in confidence shall be satisfied if it exercises the same care
with respect to such information as Sellers would take to preserve the confidentiality of its own
similar information, but no less than reasonable care.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 <U>Consents</U>. Sellers and Buyer and each of them covenant and agree to use diligent
efforts to obtain, prior to the Closing Date, as the case may be, and Buyer agrees to cooperate
with Sellers in obtaining, all licenses, permits, consents, approvals, authorizations,
qualifications and orders of Governmental Authorities and parties to Contracts as are required in
connection with the consummation of the Transactions; <U><I>provided</I></U>, <U><I>however</I></U>, that no
Contract shall be amended to increase the amount payable thereunder or to otherwise be more
burdensome to Buyer after the Closing in order to obtain any such consent, authorization or
approval without Buyer&#146;s written consent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8 <U>Notification of Certain Matters</U>. Between the date hereof and the Closing Date, Sellers shall give prompt notice in writing to
Buyer of: (a)&nbsp;the occurrence or failure to occur of any event which occurrence or failure to occur
will result, or has a reasonable prospect of resulting, in the failure to satisfy a condition
specified in Article&nbsp;III hereof, (b)&nbsp;the failure on Sellers&#146; part to comply with or satisfy in any
material respect any covenant, condition or agreement to be complied with or satisfied by it
hereunder, (c)&nbsp;any notice or other communication from any third party alleging that the consent of
such third party is or may be required in connection with the Transactions, and (d)&nbsp;any notice of,
or other communication relating to, any breach or violation of or default under or alleged breach
or violation of or default under any Material Contract or any right to terminate or suspend or to
accelerate the maturity or performance of any obligation under, any Material Contract or event
which, with notice or lapse of time or both, would become such a breach, violation or default or
give rise to such a right of termination, suspension or acceleration; <U><I>provided</I></U>,
<U><I>however</I></U>, that the delivery of any notice pursuant to this Section&nbsp;6.8 shall not limit or
otherwise affect the rights or remedies available hereunder to the party receiving such notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9 <U>Further Assurances</U>. From time to time including following the Closing Date, without
further consideration, Sellers shall, at their own expense, execute and deliver such documents to
Buyer as Buyer may reasonably request in order to effectively execute and deliver such additional
instruments, documents, conveyances or assurances and take such other actions as shall be
necessary, or otherwise reasonably requested by Buyer, to confirm and assure the rights and
obligations provided for in the Transaction Documents, to consummate the Transactions, and to vest
in Buyer title to the Purchased Assets (including, without limitation, assistance in the reduction
to possession of any thereof). Without limiting the generality of the
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">foregoing, following the
Closing, Sellers agree to execute all documents and perform such acts as are necessary to assign
and/or transfer the intellectual property that constitutes a Purchased Asset to Buyer and to enable
Buyer to register such assignments and transfers with all applicable local authorities and in
accordance with applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10 <U>Disclosure Supplements</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;From time to time after the date of this Agreement and prior to the Effective Time,
Sellers will promptly supplement or amend the schedules referred to in Article&nbsp;IV with respect to
any matter hereafter arising which, if existing or occurring at or prior to the date of this
Agreement, would have been required to set forth or described in a schedule or which is necessary
to correct any information in a schedule or in any representation and warranty of Sellers that has
been made inaccurate thereby. For purposes of determining the accuracy of the representations and
warranties of Seller contained in Article&nbsp;IV in order to determine the fulfillment of the
conditions set forth in Sections&nbsp;3.1(a), the schedules delivered by Sellers shall be deemed to
include only the information contained therein on the date of this Agreement and shall be deemed to
exclude any information contained in any subsequent supplement or amendment thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Without limiting the generality of the foregoing, Sellers shall, prior to the Closing
Date, update Schedule&nbsp;1.1(b) to include any individual who, at the Closing Date, is actively
employed by any Seller working primarily for the Business, including any employee who is on
vacation leave or jury duty, or who is on other authorized leave of absence, short-term disability,
family or workers&#146; compensation leave, military service or lay-off with recall rights as of the
Closing Date (all such inactive employees shall be deemed to be &#147;Business Employees&#148; effective as
of the date they return to active employment in the Business) and to exclude any individual who, at
the Closing Date, is on long-term disability and any other inactive or former employee including
any individual who is on unauthorized leave of absence or who has terminated his or her employment
or retired before the Closing Date. For the avoidance of doubt, all references to &#147;Business
Employees&#148; on the Closing Date shall include those listed on Schedule&nbsp;1.1(b), as updated by Sellers
pursuant to this Section&nbsp;6.10(b).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.11 <U>Non-Competition; Non-Solicitation</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;For a period of five (5)&nbsp;years after the Closing (the &#147;Restricted Period&#148;), Ameron will
not, and will cause its Subsidiaries not to, engage, directly or indirectly, in any business that
competes with the Business or that develops, manufactures or markets high performance coatings,
marine coatings, floorings, surfacing systems and product finishes (the &#147;Competing Service&#148;);
<U><I>provided</I></U> the foregoing shall not prohibit any Person (or its Affiliates) that acquires
Ameron from providing the Competing Service, whether by acquisition or otherwise, <U><I>provided</I></U>
that no such Person (or any Affiliate of such Person) may provide the Competing Service through
Sellers or their respective Subsidiaries, including, without limitation, through the use of any
intellectual property of Sellers or their respective Subsidiaries or persons employed by any of
them at, or anytime during the six (6)&nbsp;month period preceding, the time of such acquisition of any
assets or facilities thereof. Notwithstanding any of the foregoing, this Section&nbsp;6.11 shall not
prohibit Sellers or their respective Subsidiaries from (i)&nbsp;collectively

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">owning less than ten
percent (10%) of the equity securities or other ownership interests in a Person that provides the
Competing Service, (ii)&nbsp;making any acquisition of another Person which is engaged in the Competing
Service, if such activity represents less than twenty percent (20%) of such Person&#146;s revenues;
provided that a business that develops, manufactures or markets pipe coatings shall not be
considered a business that is engaged in a Competing Service for purposes of the foregoing
restriction; or (iii)&nbsp;selling coated products manufactured or caused to be manufactured by Ameron,
manufacturing, having manufactured or otherwise purchasing coatings for use and production of such
coated products manufactured or caused to be manufactured by Ameron.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;For a period of two (2)&nbsp;years after the Closing, neither Sellers nor any of their
respective Affiliates shall, directly or indirectly, solicit or induce any Business Employee to
leave the employment of Buyer; <U><I>provided</I></U> that this covenant shall not be deemed breached if
any such employee is responding to general employment solicitation by Sellers or any of their
respective Affiliates which is not specifically directed at the Business Employees.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The term of the covenants contained in Sections&nbsp;6.11(a) and (b)&nbsp;hereof shall be tolled for
the period commencing on the date any successful action is filed for injunctive relief or damages
arising out of a breach by Sellers or any of their respective Affiliates of Sections&nbsp;6.11(a) and
(b)&nbsp;hereof and ending upon final adjudication (including appeals) of such action.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;If, in any judicial proceeding, the court shall refuse to enforce the covenants contained
in Sections&nbsp;6.11(a) and (b)&nbsp;hereof because the time limit is too long, it is expressly understood
and agreed between the parties hereto that for purposes of such proceeding such time limitation
shall be deemed reduced to the extent necessary to permit enforcement of such covenants. If, in any
judicial proceeding, the court shall refuse to enforce covenants contained in Sections&nbsp;6.11(a) and
(b)&nbsp;hereof because they are more extensive (whether as to geographic area, scope of business or
otherwise) than necessary to protect the business and goodwill of Buyer, it is expressly understood
and agreed between the parties hereto that for purposes of such proceeding the geographic area,
scope of business or other aspect shall be deemed reduced to the extent necessary to permit
enforcement of such covenants.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Sellers acknowledge that a breach of Sections&nbsp;6.11(a) and (b)&nbsp;hereof would cause
irreparable damage to Buyer, and in the event of Sellers&#146; or any of their respective Affiliates
actual or threatened breach of the provisions of Sections&nbsp;6.11(a) and (b)&nbsp;hereof, Buyer shall be
entitled to a temporary restraining order and an injunction restraining Sellers and their
respective Affiliates from breaching such covenants without the necessity of posting bond or
proving irreparable harm, such being conclusively admitted by Sellers. Nothing shall be construed
as prohibiting Buyer from pursuing any other available remedies for such breach or threatened
breach, including the recovery of damages from Sellers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.12 <U>Geldermalsen Separation Plan</U>. Following the Effective Time, Sellers shall take all
actions necessary to execute and complete the Geldermalsen Separation Plan in accordance with the
terms and within the time periods set forth therein. All costs and expenses necessary to
effectuate the Geldermalsen Separation Plan shall be borne by Buyer.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>COVENANTS OF BUYER</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer covenants and agrees as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <U>Confidentiality</U>. Buyer acknowledges that the information being provided to it by
Sellers is subject to the terms of a confidentiality agreement dated October&nbsp;12, 2005 between Buyer
and Sellers (the &#147;Confidentiality Agreement&#148;) and the Access Agreement, the terms of which are
incorporated herein by reference. Effective upon, and only upon, the Closing, the Confidentiality
Agreement will terminate; <U><I>provided</I></U><I>, </I><U><I>however</I></U>, that Buyer acknowledges that the
Confidentiality Agreement
will terminate only with respect to information relating solely to the Business; and
<U><I>provided</I></U><I>, </I><U><I>further</I></U><I>, </I><U><I>however</I></U>, that Buyer acknowledges that any and all other
information provided to it by Seller or Sellers&#146; Representatives concerning any Seller shall remain
subject to the terms and conditions of the Confidentiality Agreement after the date of the Closing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <U>Waiver of Bulk Sales Law Compliance</U>. Buyer hereby waives compliance by Sellers with
the requirements, if any, of Article&nbsp;6 of the Uniform Commercial Code as in force in any state in
which Purchased Assets are located and Laws applicable to bulk sales and transfers, to the extent
applicable to the Transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <U>Intellectual Property Claims</U>. Notwithstanding anything to the contrary contained
herein, if Buyer, through settlement, enforcement of a judgment or otherwise, receives payments
that are attributable to damages suffered by Sellers prior to the Closing by reason of
infringement, misappropriation or other violation of any Intellectual Property by a third Person,
Buyer shall pay over to Sellers seventy-five percent (75%) of the amount of such payment promptly
after receipt. If any Seller requests in a writing delivered to Buyer after the Closing that Buyer
bring a legal action against a third Person on account of any infringement, misappropriation or
other violation of Intellectual Property prior to Closing, and if Buyer does not commence a legal
action against such third Person on account of such infringement, misappropriation or other
violation within ninety (90)&nbsp;days after such Seller delivers such written request, or if Buyer
commences such legal action within such 90-day period, but thereafter does not continue the
prosecution of legal action (other than by reason of a settlement), such Seller shall have the
exclusive right to commence or continue such legal action, in its own name or in the name of Buyer,
and to recover solely for its own account any and all damages suffered by such Seller or any other
Seller prior to the Closing by reason of any such infringement, misappropriation or other
violation. Buyer agrees to cooperate with such Seller in the event such Seller brings any such
legal action, including authorizing such Seller to bring such action in the name of Buyer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 <U>Further Assurances</U>. From time to time including following the Closing Date, without
further consideration, Buyer will, at its own expense, execute and deliver such documents as
Sellers may reasonably request in order to effectively consummate the Transactions and to perfect
the assumption by Buyer of the Assumed Liabilities.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VIII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>MUTUAL COVENANTS</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Seller and Buyer covenant and agree as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <U>Antitrust Law Filings; Permits; Novations and Consents</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Sellers and Buyer will as promptly as practicable make any required filing pursuant to the
antitrust laws of any Governmental Authority which may be applicable (the applicable antitrust laws
of any Governmental Authority being referred to herein as the &#147;Antitrust Laws&#148;). Sellers and Buyer
shall furnish to the other such necessary information and reasonable assistance as the other may
request in connection with its preparation of any filing or submission which is necessary under the
Antitrust Laws. Sellers and Buyer shall keep each other apprised of the status of any
communications with, and inquiries or requests for additional information under the Antitrust Laws,
and shall comply promptly with any such inquiry or request. Sellers and Buyer will use all
reasonable efforts to obtain any clearance required under the Antitrust Laws for the Transactions.
Notwithstanding the foregoing, if any Governmental Authority conditions the grant of any consent or
approval which is necessary to lawfully consummate the Transactions under any Antitrust Laws on (i)
Buyer agreeing to divest itself of any portion of the Business, or (ii)&nbsp;Buyer agreeing, at its
option, to divest itself of any other assets or businesses of Buyer, then in either such case Buyer
shall consent to such condition in order to obtain such required consent or approval. The parties
agree that all filing fees required for compliance with the Antitrust Laws will be borne one-half
by Sellers and one-half by Buyer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As promptly as practicable after the date hereof, Buyer and Sellers shall make all other
filings with Governmental Authorities, and use all reasonable efforts to obtain all permits,
approvals, authorizations and consents of all third parties, required to consummate the
Transactions. Buyer and Sellers shall furnish promptly to each other all information that is not
otherwise available to the other party and that such party may reasonably request in connection
with any such filing. Buyer and Sellers shall use reasonable efforts to obtain such consents to
the assignment of the Contracts as may be required; <U><I>provided</I></U>, <U><I>however</I></U>, that Sellers
shall not be required to commence any litigation or offer or grant any accommodation (financial or
otherwise) to any third party in order to obtain any such consent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;In the event that any and all novations, transfer or other agreements, consents, approvals
or waivers necessary for the assignments, transfer or novation of any Contract listed on Schedule
4.1(c), or any claim, right or benefit arising thereunder or resulting therefrom, shall not have
been obtained prior to the Closing Date, then as of the Closing, this Agreement, to the extent
permitted by law, shall constitute full and equitable assignment by Sellers to Buyer of all of
Sellers&#146; right, title and interest in and to, and all of Sellers&#146; obligations and liabilities
under, such Contracts, and Buyer shall be deemed Sellers&#146; agent for purpose of completing,
fulfilling and discharging all of Sellers&#146; liabilities under any such Contract, but only if and to
the extent Buyer obtains the benefits of the Sellers under such Contracts. The parties shall take
all necessary steps and actions to provide Buyer with the benefits of such Contracts, and to
relieve Sellers of the performance and other obligations thereunder, including entry into

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">subcontracts for the performance thereof; <U><I>provided</I></U>, <U><I>however</I></U>, that Buyer shall have
no obligation to perform under any such Contract pursuant to this Section&nbsp;8.1(c) if Buyer would
incur any obligation, duty, liability or cost which is in excess of or more burdensome than the
obligations,
duties, liabilities or costs that would have been incurred by Sellers if Sellers were to
continue to perform its obligations thereunder, unless Sellers reimburse Buyer for such excess.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;In the event Sellers shall be unable to make the equitable assignment described in Section
8.1(c), or if such attempted assignment would give rise to any right of termination, or would
otherwise adversely affect the rights of Sellers or Buyer under such Contract, or would not assign
all Seller&#146;s rights thereunder at the Closing, Sellers and Buyer shall continue to cooperate and
use all reasonable efforts to provide Buyer with all such rights. To the extent that any such
consents and waivers are not obtained, or until the impediments to such assignment are resolved,
Sellers shall use all reasonable efforts (without the expenditure, in the aggregate, of any
material sum) to (i)&nbsp;provide to Buyer, at the request of Buyer, the benefits of any such Contract
to the extent related to the Business, (ii)&nbsp;cooperate in any lawful arrangement designed to provide
such benefits to Buyer; (iii)&nbsp;enforce, at the request of and for the account of Buyer, any rights
of Sellers arising from any such Contract against any third Person (including any Governmental
Authority), including the right to elect to terminate in accordance with the terms thereof upon the
advice of Buyer; and (iv)&nbsp;in the case of the Minority Shares, to vote such shares as instructed by
Buyer. To the extent that Buyer is provided the benefits of any Contract referred to in this
Section&nbsp;8.1(d) (whether from Seller or otherwise), Buyer shall perform, to the extent permitted by
applicable Law and each of the parties to such Contract, at the direction of Sellers and for the
benefit of any third Person (including any Governmental Authority) the obligations of Sellers
thereunder or in connection therewith, and Buyer agrees to pay, perform and discharge, and
indemnify Sellers pursuant to Section&nbsp;10.2(f) against and hold Sellers harmless from, all
obligations and liabilities of Sellers relating to such performance or failure to perform (the
&#147;Equitable Assignment Obligations&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <U>Reasonable Efforts</U>. Subject to the terms and conditions of this Agreement (including
the limitations set forth in Section&nbsp;8.1), each party will use all reasonable efforts to cause the
Closing to occur. Each of Sellers and Buyer will promptly notify the other promptly after learning
of the occurrence of any event or circumstance which would reasonably be expected to cause any
condition to Closing not to be satisfied or be delayed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <U>Publicity</U>. Sellers and Buyer agree that, from the date hereof through the Closing
Date, no public release or announcement concerning the Transactions shall be issued without the
prior consent of each party (which consent shall not be unreasonably withheld or delayed), except
as such release or announcement may be required by any Law or the rules of any stock exchange on
which such party&#146;s securities (or its Affiliates&#146; securities) are listed, in which case the party
required to make the release or announcement shall allow the other party reasonable time to comment
on such release or announcement in advance of such issuance. Notwithstanding the foregoing,
Sellers shall provide Buyer access to, and facilitate meetings with, the employees of the Business
for the purposes of making announcements concerning, and preparing for the consummation of, the
Transactions.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <U>VAT and GST</U>. Sellers and Buyer agree to cooperate in minimizing any value added and/or
goods and services tax that may be due at the time of Closing, including, but not limited to,
cooperation in securing any available VAT and GST exemptions; <I>provided</I>, <I>however</I>, that Sellers shall
not be obligated to make any expenditures in order to comply with this Section&nbsp;8.4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <U>Cooperation After Closing</U>. Buyer and Sellers shall cooperate with each other and shall
cause their respective Representatives to cooperate with each other after the Closing to ensure the
orderly transition of the Business to Buyer and to minimize any disruption to the respective
businesses of Sellers or the Business that might result from the Transactions. Neither party shall
be required by this Section&nbsp;8.5 to take any action that would unreasonably interfere with the
conduct of its business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 <U>Records</U>. On the Closing Date, Sellers shall deliver or cause to be delivered to Buyer
all Records and all other materials that would be Records if located at a Business Property which
are material to and used primarily in the Business (to the extent not then in the possession of the
Business), except any Records relating to Excluded Liabilities (including, without limitation, to
Sellers&#146; Tax liability or to any litigation or claim not assumed by Buyer hereunder). After the
Closing, upon reasonable written notice and at Buyer&#146;s sole expense, Sellers agree to furnish or
cause to be furnished to Buyer and its Representatives (including its auditors), access at
reasonable times and during normal business hours to such information relating to the Business in
such Sellers&#146; possession as is reasonably necessary for financial reporting, accounting and tax
matters, and will permit Buyer or such Representatives to make abstracts from, or copies of, any of
such information, or to obtain temporary possession of any thereof as may be reasonably required by
Buyer at Buyer&#146;s sole cost and expense; <U><I>provided</I></U><I>, </I><U><I>however</I></U>, that such access does
not unreasonably disrupt the normal operations of such Seller. For a period of seven (7)&nbsp;years
following the Closing, Sellers will retain all of such information relating to the Business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7 <U>Access to Former Business Records and Employees</U>. For a period of the later of (a)&nbsp;ten
(10)&nbsp;years following the Closing and (b)&nbsp;the final non-appealable judgment or settlement of the
later of (i)&nbsp;the Sable Lawsuit, (ii)&nbsp;the Dominion Lawsuit, (iii)&nbsp;any lawsuit involving any Seller
relating to the Business or (iv)&nbsp;any lawsuits related to the Purchased Assets, Buyer will retain
all Records. During such period, upon reasonable written notice and at Sellers&#146; sole expense Buyer
will afford authorized Representatives of Ameron (including its auditors) access to such Records in
Buyer&#146;s possession at reasonable times and during normal business hours at the principal business
office of the Business, or at such other location or locations at which such Records may be stored
or maintained from time to time, and will permit such Representatives to make abstracts from, or
copies of, any of such Records, or to obtain temporary possession of any thereof as may be
reasonably required by Sellers at such Sellers&#146; sole cost and expense; <U><I>provided</I></U><I>,</I>
<U><I>however</I></U>, that such access does not unreasonably disrupt the normal operations of Buyer.
During such period, Buyer will, at Sellers&#146; expense
(limited, however, to Buyer&#146;s reasonable out-of-pocket expenditures without regard to any employee
cost or other overhead expenses), cooperate with Seller in furnishing information, evidence,
testimony, and other reasonable assistance, including, without limitation, making its employees
reasonably available on a mutually convenient basis to provide additional information and
explanation of any material
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided hereunder, in connection with any action, proceeding, Tax
audit, or investigation to which such Seller or any of its Affiliates is subject relating to the
business of the Business prior to the Closing. Notwithstanding the foregoing, while the existence
of an adversarial proceeding between the parties will not abrogate or suspend the provisions of
this Section&nbsp;8.7, as to Records or information directly pertinent to such dispute, the parties may
not utilize this Section&nbsp;8.7 but rather, absent agreement, must utilize the available rules of
discovery.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8 <U>Use of Trademark and Trade Names</U>. Notwithstanding anything to the contrary in this
Agreement, Buyer may continue to use the trademarks and trade names of Sellers, including the name
&#147;Ameron,&#148; only to the extent provided for in the Trademark License Agreement and the Domain Name
Agreement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IX</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>EMPLOYEE BENEFIT MATTERS</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <U>Offer of Employment</U>. At the Closing Date Buyer shall offer employment to each Business
Employee listed on Schedule&nbsp;1.1(b), as updated in accordance with Section&nbsp;6.10(b). All such
Business Employees who become employed by Buyer on or following the Closing Date are referred to
herein as &#147;Transferred Employees.&#148; Sellers agree to provide to Buyer, in a complete, diligent and
timely manner, all relevant information as Buyer may reasonably request with respect to
compensation, service, and other information relating to the employment of the Transferred
Employees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <U>Participation in Seller Plans</U>. Except as provided herein, as of the Closing Date,
Transferred Employees and their beneficiaries and dependents shall cease to participate in all
Seller Plans. Except as provided herein, Buyer shall not assume sponsorship, maintenance or
administration of any Seller Plan or receive or assume any assets or liabilities in connection with
any such plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 <U>Salary, Benefits and Participation in Buyer Plans</U>. Following the Closing Date, each
Transferred Employee who is not a member of a collective bargaining unit or is not covered by a
collective bargaining agreement will be provided with the same salary or hourly wage rate as in
effect immediately prior to the Closing Date, and with employee benefits which are comparable in
the aggregate to those provided to similarly situated employees of Buyer, <U><I>provided</I></U><I>,</I>
<U><I>however</I></U>, that any such Transferred Employee residing in the United Kingdom or Australia
shall be provided with employee benefits which (a)&nbsp;are comparable
in the aggregate to either (i)&nbsp;those provided to similarly situated employees of Buyer or (ii)
those employee benefits that such Transferred Employee enjoys immediately prior to the Closing with
Ameron, and (b)&nbsp;fully comply with the applicable Law in such respective country. Following the
Closing Date, each Transferred Employee who is a member of a collective bargaining unit or is
covered by a collective bargaining agreement will, at the minimum, be provided with the same salary
or hourly wage rate as in effect immediately prior to the Closing Date, and with employee benefits
which are comparable in the aggregate to those provided to similarly situated employees of Buyer,
<U><I>provided</I></U><I>, </I><U><I>however</I></U>, that any such Transferred Employee residing in the United
Kingdom or Australia shall be provided with employee benefits which (a)&nbsp;are comparable in the
aggregate
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">to either (i)&nbsp;those provided to similarly situated employees of Buyer or (ii)&nbsp;those
employee benefits that such Transferred Employee enjoys immediately prior to the Closing with
Ameron, and (b)&nbsp;fully comply with the applicable Law in such respective country. In connection
therewith, Buyer and its Affiliates and successors shall provide credit under Buyer&#146;s plans to
Transferred Employees for their service with Sellers and their predecessors and Affiliates for all
purposes other than benefit accrual under Buyer&#146;s pension plans; provided that Buyer shall not be
obligated to provide credit for severance benefits which would result in the Transferred Employees
receiving severance benefits that are greater than those severance benefits that would have
otherwise been provided under the existing terms of Sellers&#146; severance plans as of the Closing.
For purposes of such Buyer plans, Buyer shall recognize all amounts applied to deductibles,
co-payments and out of pocket maximums with respect to Transferred Employees under the Seller Plans
during the plan year in which the Closing Date occurs, and will not impose any limitations on
coverage for pre-existing conditions. Subject to compliance with applicable Law, Seller will
provide the Buyer with amounts for each participant as soon as reasonably available after Closing,
and, will provide monthly updates for three months after the Closing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 <U>Assumption of Union Agreements</U>. Effective as of the Closing Date, Buyer shall assume
the collective bargaining agreements disclosed on Schedule&nbsp;9.4. Promptly after the date hereof,
Sellers shall advise each union which is a party to such collective bargaining agreements of such
proposed assumption.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 <U>Disposition of Ameron 401(k) Retirement and Savings Plan</U>. All U.S. Transferred
Employees with account balances under the Ameron 401(k) Retirement and Savings Plan (the &#147;Ameron
Plan&#148;) shall be entitled to either (i)&nbsp;an immediate distribution of their account balances in
accordance with the terms of such plan, or (ii)&nbsp;maintain such amounts in the Ameron Plan in
accordance with its terms. Buyer shall cause one or more defined contribution plans established or
designated by Buyer (each, a &#147;Buyer Savings Plan&#148;) each of which is designed and intended to
qualify under Code Section 401(a) to accept a direct or indirect rollover of all or any portion of
a distribution (within the meaning of Section&nbsp;401(a)(31) of the Code including, in the case of a
direct rollover, any promissory note included in such distribution), provided the Employee&#146;s total
vested account balance is transferred to the Buyer&#146;s Plan. Buyer shall provide to Sellers a copy
of the most recent determination letter issued by the Internal Revenue Service with respect to each
Buyer Savings Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6 <U>Welfare Plans</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Sellers shall be responsible in accordance with their applicable Employee Benefit Plans in
effect prior to the Closing Date for all welfare benefit claims for expenses incurred prior to the
Closing Date by Business Employees, Former Business Employees and their dependents. Reimbursement
of said employees and their dependents for welfare benefit expenses associated with such claims
(including claims submitted on behalf of disabled employees and their dependents) shall be
determined in accordance with the terms of Sellers&#146; Employee Benefit Plans and Employee Benefit
Arrangements as in effect immediately prior to the Closing Date. Sellers shall terminate coverage
of Transferred Employees and their dependents effective for claims for expenses incurred on and
after the Closing Date. Effective as of the Closing Date, Buyer shall be responsible in accordance
with its applicable welfare plans in

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</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">effect on and after the Closing Date for all medical and
similar claims for expenses incurred on and after the Closing Date by Transferred Employees and
their dependents. Buyer shall take all steps necessary such that each of the applicable employee
benefit plans of Buyer that provide for medical and similar benefits constitutes &#147;another group
health plan&#148; for purposes of Treas. Reg. &#167; 54.4980B-7 Q&#038;A 2. For purposes of this Agreement, a
claim for medical and similar benefits will be deemed to have been incurred on the date on which
the related medical service or material was rendered to or received by the individual claiming such
benefit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Effective as of the Closing Date, Buyer shall be responsible for any long-term and short
term disability income benefits payable in respect of claims asserted on or after the Closing Date
for Transferred Employees who become disabled on or after the Closing Date under Buyer&#146;s applicable
Employee Benefit Plans. Sellers shall be responsible for all long-term and short-term disability
income benefits payable in respect of claims asserted by Transferred Employees who become disabled
before the Closing Date, including continuation of any Seller welfare and pension benefits, and any
other applicable benefits made available to actively employed employees of Sellers employed after
the Closing Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Effective as of the Closing Date, Buyer shall be responsible for any life insurance claims
of Transferred Employees and their dependents for losses incurred by such employees or dependents
on and after the Closing Date under any group life, travel and accident, and accidental death and
dismemberment insurance policies under Buyer&#146;s applicable Employee Benefit Plans. Sellers shall be
solely responsible for claims for such losses incurred prior to the Closing Date. For purposes of
this Agreement, a claim will be deemed to have been incurred upon the occurrence of the event
giving rise to such claim.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Effective as of the Closing Date, Buyer shall have established a cafeteria plan (or
designate an existing plan) subject to Code Section&nbsp;125 with features which are comparable to those
contained in Seller&#146;s cafeteria plan applicable to Transferred Employees immediately prior to the
Closing Date. Effective as of the Closing Date, Buyer shall, pursuant to such Buyer cafeteria
plan, assume responsibility for administering all benefit or reimbursement claims of Transferred
Employees in respect to calendar year 2006, whether arising before, on or after the Closing Date,
under the cafeteria plan applicable to such individuals at such time.
Seller shall cause to be transferred to Buyer an amount in cash equal to the sum of all
contributions to the various reimbursement accounts under Seller&#146;s cafeteria plan prior to the
Closing Date, reduced by the sum of all claims paid with respect to such accounts prior to the
Closing Date (regardless of whether the amount paid to any participant exceeded such participant&#146;s
reimbursement account balance), and by any amount accrued as a liability in respect of such plan on
the Closing Balance Sheet. In the event that the sum of all claims paid with respect to the
various reimbursement accounts under Seller&#146;s cafeteria plan prior to the Closing Date, plus any
amount accrued as a liability in respect of such plan on the Closing Balance Sheet exceeds the sum
of all contributions to such accounts prior to the Closing Date, Buyer shall cause to be
transferred to Seller an amount in cash equal to the amount of such excess.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Effective on and after the Closing Date, Sellers shall maintain one or more group health
plans through which Sellers will provide continued group health coverage to the extent required by
Section&nbsp;4980B of the Code and Sections&nbsp;601 through 608 of ERISA and the
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">regulations thereunder with
respect to individuals who lost coverage under the Sellers&#146; group health plans prior to the Closing
Date or who, other than Business Employees, as a result of the transactions contemplated by this
Agreement, lose coverage under the Sellers&#146; group health plans on the Closing Date. Such coverage
shall be provided in such manner and for such time as may be necessary for Buyer to avoid liability
for such coverage of such individuals under Section&nbsp;4980B of the Code, including Treasury
Regulation&nbsp;Section&nbsp;54.4980B-9 and Sections&nbsp;601 through 608 of ERISA.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7 <U>Severance</U>. It is the understanding of Buyer and Sellers that the Transactions shall
not constitute a severance or termination of employment for purposes of the Sellers&#146; severance
policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8 <U>Vacation and Sick Pay</U>. Buyer shall assume responsibility for accrued vacation and sick
pay attributable to Transferred Employees as of the Closing Date, to the extent such amounts should
be accrued as a liability on the Closing Balance Sheet pursuant to the Accounting Principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9 <U>Foreign Plans</U>. Notwithstanding any other provision hereof, Buyer shall to the maximum
extent permitted by the law of the applicable jurisdiction not assume any liabilities under a
Seller Plan maintained for any Business Employees in foreign jurisdictions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.10 <U>Consultation, Notice and Approval Requirements</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Buyer and Sellers shall consult with Transferred Employees and unions to comply with all
consultation, notice and approval requirements applicable in the jurisdiction of each Seller,
including, but not limited to, the Employment Relations Act 2000 in New Zealand,
the Transfer of Undertakings (Protection of Employment) Regulations 2006 in the United
Kingdom, and works council matters in The Netherlands.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Agreement has been signed under the condition that the following conditions shall have
been fulfilled on, or prior to, the Closing Date: all advice requests, notices and consultations
which have to be made, filed or held by virtue of any laws and public regulations (including but
not limited to the Work&#146;s Council Statute, the so-called Merger Code of the Social Economic Council
and any binding union contract) will have been made, filed and held and no constraints by virtue
thereof exist at the Closing Date. The parties explicitly establish that nothing in this Agreement
in any way affects the freedom of decision which they have to maintain under the said laws and
regulations prior to the completion of these requests, notices and consultations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Buyer further agrees to use its reasonable best efforts to enter into a mutually agreeable
collective employment agreement with the union representing the Transferred Employees in New
Zealand.
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE X</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>INDEMNIFICATION</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 <U>Indemnification by Seller</U>. Subject to the terms and conditions of this Article&nbsp;X,
Sellers, jointly and severally, shall indemnify and defend Buyer and each of its Affiliates,
officers, directors, employees and agents against, and hold them harmless from, any Loss suffered
or incurred by any such Indemnified Person to the extent arising from (a)&nbsp;if the Closing occurs,
any breach of any representation or warranty of Sellers contained in this Agreement or any of the
other Transaction Documents which survives the Closing or in any certificate, instrument or other
document delivered pursuant hereto or thereto, (b)&nbsp;any nonperformance or breach of any covenant of
Sellers contained in this Agreement or any of the other Transaction Documents, (c)&nbsp;if the Closing
occurs, the existence of, or the failure of Sellers to pay, perform and discharge when due, any of
the Excluded Liabilities (including, without limitation, any Losses as a result of the failure of
Sellers to comply with any Bulk Sales Laws referred to in Section&nbsp;7.2) or (d)&nbsp;if the Closing
occurs, those product liability claims relating to a product that was sold by any of the Sellers to
any third party prior to the Closing Date (&#147;Product Liability Claim&#148;) which individually results in
actual Losses (the amount of such Losses for each such Product Liability Claim, the &#147;Shared Cost
Product Liability Amount&#148;) (excluding, for the purposes of this Section&nbsp;10.1(d), any Losses related
to out-of-pocket expenses, reasonable attorneys&#146;, experts&#146; and accountants&#146; fees and other
disbursements and costs of investigation or defense) in excess of Two Million Five Hundred Thousand
Dollars ($2,500,000) (the &#147;Shared Cost Product Liability Threshold Amount&#148;); <U><I>provided</I></U><I>,</I>
<U><I>however</I></U>, that (i)&nbsp;Sellers shall have no liability under Section&nbsp;10.1(a) unless the
aggregate of all Losses relating thereto for which Seller would, but for this proviso, be liable
exceeds Five Hundred Thousand Dollars ($500,000) (and then from the first dollar such liability),
(ii)&nbsp;Sellers&#146; aggregate liability under Section&nbsp;10.1(a) shall in no event exceed Twelve Million
Dollars ($12,000,000) and (iii)&nbsp;Sellers shall only be liable under Section&nbsp;10.1(d) for, and
shall make payments to Buyer with respect to (A)&nbsp;half of the first Eight Million Dollars
($8,000,000) of any individual Shared Cost Product Liability Amount and (B)&nbsp;all amounts in excess
of the first Eight Million Dollars ($8,000,000) of any individual Shared Cost Product Liability
Amount, which such amounts for the purposes of this clause (iii)&nbsp;shall include out-of-pocket
expenses, reasonable attorneys&#146;, experts&#146; and accountants&#146; fees and other disbursements and costs
of investigation or defense. Notwithstanding anything to the contrary in this Agreement, Sellers
shall not be liable for any Taxes related to the Acquired Properties as a result of the breach of
any representation or warranty contained in Section&nbsp;4.5 to the extent that such Taxes are for any
period after the Closing Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 <U>Indemnification by Buyer</U>. Subject to the terms and conditions of this Article&nbsp;X,
Buyer shall indemnify and defend Sellers and each of its Affiliates, officers, directors, employees
and agents against, and hold them harmless from, any Loss suffered or incurred by any such
Indemnified Person to the extent arising from (a)&nbsp;if the Closing occurs, any breach of any
representation or warranty of Buyer contained in this Agreement which survives the Closing or in
any certificate, instrument or other document delivered pursuant hereto, (b)&nbsp;any nonperformance or
breach of any covenant of Buyer contained in this Agreement or any of the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">other Transaction
Documents requiring performance after the Closing Date, (c)&nbsp;if the Closing occurs, the existence
of, or the failure of Buyer to pay, perform and discharge when due, any of the Assumed Liabilities,
(d)&nbsp;if the Closing occurs, any claim for severance or similar benefits made or brought by any
Transferred Employees, (e)&nbsp;if the Closing occurs, ownership and operation by Buyer of the Business
and the Purchased Assets after the Closing, (f)&nbsp;if the Closing occurs, the Equitable Assignment
Obligations and (g)&nbsp;if the Closing occurs, Amendment No.&nbsp;1 to the Agreement; <U><I>provided</I></U><I>,</I>
<U><I>however</I></U>, that Buyer shall have no liability under Section&nbsp;10.2(a) unless the aggregate of
all Losses relating thereto for which Buyer would, but for this proviso, be liable exceeds on a
cumulative basis Five Hundred Thousand Dollars ($500,000) (and then from the first dollar such
liability).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 <U>Losses Net of Insurance and Tax Benefit, Etc.</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The amount of any Loss for which indemnification is provided under this Article&nbsp;X shall be
net of (i)&nbsp;any amounts actually recovered by the Indemnified Person or its Affiliates (or, solely
with respect to Section&nbsp;10.1(d) hereof, the Indemnifying Person) under insurance policies with
respect to such Loss and of any related reserve in respect thereof reflected on the final Closing
Balance Sheet and (ii)&nbsp;any Tax benefit available to the Indemnified Person or its Affiliates
arising in connection with the accrual, incurrence or payment of any such Loss (including, without
limitation, the net present value of any Tax benefit arising in subsequent taxable years).
Similarly, if the Indemnified Person incurs any tax obligation as a consequence of an
indemnification payment, the payment will be grossed up so that the Indemnified Person receives as
part of the indemnification amount, a sufficient amount to avoid the tax consequence.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding anything to the contrary elsewhere in this Agreement, no Indemnifying
Person shall, in any event, be liable to the other party for any consequential
damages, including, but not limited to, loss of revenue or income, cost of capital, diminution
in value, or loss of business reputation or opportunity relating to the breach or alleged breach of
this Agreement. Each party agrees that it will not seek punitive damages as to any matter under,
relating to or arising out of the Transactions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as expressly set forth in Section&nbsp;12.5 as to equitable remedies, the parties hereto
agree that the indemnification provisions of this Article&nbsp;X are intended to provide the exclusive
remedy as to all Losses the parties may incur arising from or relating to the Transactions, and
each party hereby waives any other rights or remedies, and releases any claims, to the extent they
may do so, that may arise under any applicable statute, rule or regulation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 <U>Termination of Indemnification</U>. The obligations to indemnify and hold harmless a
party hereto, pursuant to Sections&nbsp;10.1(a) and 10.2(a), shall terminate when the applicable
representation or warranty terminates pursuant to Section&nbsp;10.6; <U><I>provided</I></U><I>, </I><U><I>however</I></U>,
that such obligations to indemnify and hold harmless shall not terminate with respect to any item
as to which the person to be indemnified shall have, before the expiration of the applicable
period, previously made a claim by delivering a notice (stating in reasonable detail the basis of
such claim) to the Indemnifying Person.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5 <U>Procedures Relating to Indemnification</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;In order for an Indemnified Person to be entitled to any indemnification provided for
under this Agreement in respect of, arising out of or involving a claim or demand, including
without limitation a Product Liability Claim, made by any Person against the Indemnified Person (a
&#147;Third-Party Claim&#148;), such Indemnified Person must notify the Indemnifying Person in writing, and
in reasonable detail, of the Third-Party Claim within ten (10)&nbsp;Business Days after receipt by such
Indemnified Person of written notice of the Third-Party Claim; <U><I>provided</I></U><I>, </I><U><I>however</I></U>,
that failure to give such notification shall not affect the indemnification provided hereunder
except to the extent the Indemnifying Person shall have been actually prejudiced as a result of
such failure (except that the Indemnifying Person shall not be liable for any Losses incurred
during the period in which the Indemnified Person failed to give such notice). Thereafter, the
Indemnified Person shall deliver to the Indemnifying Person, within five (5)&nbsp;Business Days after
the Indemnified Person&#146;s receipt thereof, copies of all notices and documents (including court
papers) received by the Indemnified Person relating to the Third-Party Claim.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Subject to Section&nbsp;10.5(c) which governs Product Liability Claims, if a Third-Party Claim
is made against an Indemnified Person, the Indemnifying Person will be entitled to participate in
the defense thereof and, if it so chooses, to assume the defense thereof with counsel selected by
the Indemnifying Person and reasonably satisfactory to the Indemnified Person. Should the
Indemnifying Person so elect to assume the defense of a Third-Party Claim, the Indemnifying Person
will not be liable to the Indemnified Person for legal fees and expenses
subsequently incurred by the Indemnified Person in connection with the defense thereof. If
the Indemnifying Person assumes such defense, the Indemnified Person shall have the right to
participate in the defense thereof and to employ counsel, at its own expense, separate from the
counsel employed by the Indemnifying Person, it being understood that the Indemnifying Person shall
control such defense. The Indemnifying Person shall be liable for the fees and expenses of counsel
employed by the Indemnified Person for any period during which the Indemnifying Person has not
assumed the defense thereof (other than during any period in which the Indemnified Person shall
have failed to give notice of the Third-Party Claim as provided above). If the Indemnifying Person
chooses to defend or prosecute any Third-Party Claim, all the parties hereto shall cooperate in the
defense or prosecution thereof. Such cooperation shall include the retention and (upon the
Indemnifying Person&#146;s request) the provision to the Indemnifying Person of records and information
which are reasonably relevant to such Third-Party Claim, and making employees available on a
mutually convenient basis to provide additional information and explanation of any material
provided hereunder. Notwithstanding anything to the contrary contained in this Section&nbsp;10.5(b), in
the event a Third-Party Claim is made against an Indemnified Person as to which such Indemnified
Person is entitled to seek indemnification hereunder and (i)&nbsp;such Indemnified Person reasonably
concludes that the Indemnifying Person lacks the financial and personnel resources to vigorously
defend such Indemnified Person, or that the Indemnifying Person is not diligently defending such
Indemnified Person, (ii)&nbsp;if there is a reasonable probability that a Third-Party Claim may
materially and adversely affect an Indemnified Person other than as a result of money damages or
money payments or (iii)&nbsp;the Indemnified Party determines in its reasonable judgment that a conflict
of interest makes
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">separate representation by the Indemnified Party&#146;s own counsel advisable, then in
each such case the Indemnified Person may elect to retain and control the defense of such
Third-Party Claim with counsel selected by such Indemnified Party and reasonably satisfactory to
the Indemnifying Party and will be entitled to be reimbursed by the Indemnifying Person for its
Losses incurred in such defense, such expenditures to be reimbursed promptly after submission of
invoices therefor. Whether or not the Indemnifying Person shall have assumed the defense of a
Third-Party Claim, the Indemnified Person shall not admit any Liability with respect to, or settle,
compromise or discharge, such Third-Party Claim without the Indemnifying Person&#146;s prior written
consent (which consent shall not be unreasonably withheld or delayed). No Indemnifying Party shall
settle or compromise any Third-Party Claim in which any relief other than the payment of money
damages is sought against the Indemnified Party unless the Indemnified Party consents in writing to
such settlement or compromise.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Notwithstanding the foregoing, with respect to a Product Liability Claim seeking damages
in excess of Eleven Million Dollars ($11,000,000), Sellers shall have the right to assume the
defense thereof, and with respect to a Product Liability Claim seeking less than Eleven Million
Dollars ($11,000,000) in damages, Buyer shall have the right to assume the defense thereof. The
party not assuming the defense of a Product Liability Claim pursuant to this Section&nbsp;10.5(c) (the
&#147;Non-Assuming Party&#148;) shall have the right to participate in the defense thereof and to employ
counsel, at its own expense, separate from the counsel employed by the party assuming the defense
pursuant to this Section&nbsp;10.5(c) (the &#147;Assuming Party&#148;), it being understood that the Assuming
Party shall control such defense. The Assuming Party shall be liable for the fees and expenses of
counsel employed by the Non-Assuming Party for any period
during which the Assuming Party has not assumed the defense thereof (other than during any
period in which the Non-Assuming Party shall have failed to give notice of the Third-Party Claim as
provided in Section&nbsp;10.5(a)). All the parties hereto shall cooperate in the defense or prosecution
of any Product Liability Claim. Such cooperation shall include the retention and (upon the
Assuming Party&#146;s request) the provision to the Assuming Party of records and information which are
reasonably relevant to such Product Liability Claim, and making employees available on a mutually
convenient basis to provide testimony, additional information and explanation of any material
provided hereunder. In the event Sellers assume the defense of a Product Liability Claim in
accordance with this Section&nbsp;10.5(c) and the actual Losses ultimately incurred with respect to such
Product Liability Claim do not equal or exceed the Shared Cost Product Liability Threshold Amount,
then Sellers shall be entitled to be reimbursed by Buyer for their out-of-pocket expenses,
reasonable attorneys&#146;, experts&#146; and accountants&#146; fees and other disbursements and costs of
investigation or defense thereof, such expenditures to be reimbursed promptly after submission of
invoices therefore. Neither Seller nor Buyer shall admit any Liability with respect to, or settle,
compromise or discharge, such Product Liability Claim without the prior written consent of such
other party (which consent shall not be unreasonably withheld or delayed).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.6 <U>Survival of Representations and Agreements</U>. The representations and warranties made
by Sellers in Sections&nbsp;4.5 <I>(Taxes)</I>, 4.6 (as to the first sentence only) <I>(Title)</I>, 4.17 <I>(Effect of
Transfer) </I>and 4.25 (<I>Brokers</I>) of this Agreement and the representation and warranty made by Buyer in
Section&nbsp;5.3 (<I>Brokers</I>) of this Agreement shall survive the Closing until the expiration of
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the
statute of limitations period applicable to claims that may be asserted against Buyer or the
Purchased Assets or, in the case of Section&nbsp;5.3, against any Seller, in respect of the matters
covered thereby; the representations and warranties made by Sellers in Section&nbsp;4.12 <I>(Environmental)</I>
and Section&nbsp;4.14 <I>(Compliance With Law; Permits) </I>shall survive the Closing for a period of five (5)
years from the Closing Date; all other representations and warranties made by Sellers or Buyer
shall survive the Closing for a period of two (2)&nbsp;years from the Closing Date, in each case
regardless of any investigation that may have been made or may be made at any time by or on behalf
of Buyer or Sellers. The covenant and agreement of Sellers to indemnify Buyer for Product
Liability Claims pursuant to Section&nbsp;10.1(d) hereof shall only survive the Closing for a period of
the earlier of (i)&nbsp;three (3)&nbsp;years from the date on which any equipment or other item coated with
Product that was sold by Sellers prior to the Closing Date is put into service or (ii)&nbsp;four (4)
years from the Closing Date. The other covenants and agreements of each party contained in this
Agreement (including this Article&nbsp;X) and in each of the Ancillary Agreements shall survive for the
periods specified therein, and if not specified, indefinitely.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE XI</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>TAX MATTERS</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 <U>Liability and Indemnification for Certain Taxes</U>. All Taxes and similar ad valorem and similar Tax obligations levied with respect to the
Purchased Assets for a taxable period that includes (but does not end on) the Closing Date
applicable to the Purchased Assets shall be apportioned between Sellers and Buyer as of the Closing
Date based on the number of days of such taxable period included in the period through and
including the Closing Date (&#147;Pre-Closing Tax Period&#148;) and the number of days of such taxable period
included in the period commencing on the day after the Closing Date (&#147;Post-Closing Tax Period&#148;).
Sellers shall be liable to Buyer for the proportionate amount of such Taxes that is attributable to
the Pre-Closing Tax Period, and Buyer shall be liable to Sellers for the proportionate amount of
such Taxes that is attributable to the Post-Closing Tax Period. Buyer and Sellers each covenant to
timely file such Tax Returns as either may be required to file with respect to such Taxes, and
within a reasonable period, Sellers and Buyer shall present a statement to the other setting forth
the amount of reimbursement to which each is entitled under this Section&nbsp;11.1, together with such
supporting evidence as is reasonably necessary to calculate the proration amount. The proration
amount shall be paid by the party owing it to the other party within ten (10)&nbsp;days after delivery
of such statement. Any payment required under this Section&nbsp;11.1 and not made within ten (10)&nbsp;days
after delivery of the statement shall bear interest at the rate per annum determined, from time to
time, under the provisions of Section&nbsp;6621(a)(2) of the Code for each day until paid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 <U>Purchase Price Allocation</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As soon as practicable after the date hereof and prior to the Closing Date, Sellers shall
provide Buyer with a statement containing an allocation (the &#147;Purchase Price Allocation&#148;) of the
total consideration paid by Buyer to Sellers in exchange for the Purchased Assets (including all
consideration attributable to the portion of the Assumed Liabilities which are treated as Purchase
Price for tax purposes) to the Purchased Assets in accordance with the applicable provisions of
Section&nbsp;1060 of the Code and the U.S. Treasury regulations

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<DIV style="font-family: 'Times New Roman',Times,serif">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">promulgated thereunder and any
applicable comparable provisions of state, local and foreign tax law. The Purchase Price
Allocation shall be subject to the approval of Buyer, not to be unreasonably withheld or delayed,
and the parties shall negotiate in good faith any dispute regarding the Purchase Price Allocation.
The Purchase Price Allocation made pursuant to this Section&nbsp;11.2(a) shall be binding on Buyer and
Sellers for all Tax reporting purposes. To the extent required, each party agrees to timely file
an IRS Form&nbsp;8594 reflecting the Purchase Price Allocation for the taxable year that includes the
Closing Date and to make any timely filing required by applicable foreign, state or local laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Any indemnification payment treated as an adjustment to the Purchase Price or any payment
under Section&nbsp;2.6 of this Agreement shall be reflected as an adjustment to the price allocated to a
specific Purchased Asset, if any, giving rise to the adjustment. If any such adjustment does not
relate to a specific Purchased Asset, such adjustment shall be allocated among the Purchased Assets
in accordance with the Purchase Price Allocation method provided in Section&nbsp;11.2(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each party hereto shall adopt and utilize the Purchase Price Allocation for purposes of
all Tax Returns filed by them and shall not voluntarily take any position inconsistent with the
foregoing in connection with any examination of any Tax Return, any refund claim, any litigation
proceeding or otherwise, except that Buyer&#146;s cost for the Purchased Assets may differ from the
amount so allocated to the extent necessary to reflect Buyer&#146;s capitalized acquisition costs other
than the amount realized by Sellers. In the event that the Purchase Price Allocation is disputed
by any taxing authority, the party receiving notice of the dispute shall promptly notify the other
parties hereto of such dispute and the parties hereto shall cooperate in good faith in responding
to such dispute in order to preserve the effectiveness of the Purchase Price Allocation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 <U>Transfer Taxes</U>. Buyer and Sellers shall cooperate in preparing, executing and filing
use, sales, real estate, transfer and similar Tax returns relating to the purchase and sale of the
Purchased Assets and shall further cooperate in minimizing any such transfer Taxes. Buyer shall
bear seventy percent (70%) of such transfer Taxes, including any penalties, interest and additives
to tax, incurred in connection with the purchase and sale of the Purchased Assets, and Sellers
shall bear thirty percent (30%) of such transfer Taxes, including any penalties, interest and
additives to tax, incurred in connection with the purchase and sale of the Purchased Assets;
<U><I>provided</I></U>, <U><I>however</I></U>, Sellers&#146; Liability under this Section&nbsp;11.3 shall not exceed One
Hundred Thousand Dollars ($100,000). Buyer shall reimburse each Seller for any transfer Taxes paid
by such Seller beyond Sellers&#146; obligation within five (5)&nbsp;days of such Seller&#146;s written request.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE XII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>GENERAL PROVISIONS</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 <U>Assignment</U>. This Agreement and all of the provisions hereof shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and permitted assigns,
but neither this Agreement nor any of the rights, interests or obligations hereunder shall be
assigned by either of the parties hereto without the prior written consent of the other party
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">which
shall not be unreasonably withheld; <U><I>provided</I></U><I>, </I><U><I>however</I></U>, that Buyer may assign its
right to purchase the Purchased Assets hereunder to any one or more Affiliates of Buyer without the
prior written consent of Sellers; <U><I>provided further</I></U><I>, </I><U><I>however</I></U>, that no assignment
shall limit or affect Buyer&#146;s obligations hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 <U>No Third-Party Beneficiaries</U>. Except as provided in Article&nbsp;X as to Indemnified
Persons, this Agreement is for the sole benefit of the parties hereto and their permitted assigns
and nothing herein expressed or implied shall give or be construed to give to any Person or entity,
other than the parties hereto and such assigns, any legal or equitable rights hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 <U>Termination</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Anything contained herein to the contrary notwithstanding, this Agreement may be
terminated and the Transactions abandoned at any time prior to the Closing Date:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;by mutual written consent of Sellers and Buyer;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;by Sellers (A)&nbsp;if Sellers shall have discovered any material error, misstatement or
omission in any of the representations and warranties of Buyer contained in this Agreement or Buyer
shall have otherwise breached in any material respect any such representation or warranty, or (B)
if any of the conditions set forth in Section&nbsp;3.1 shall have become incapable of fulfillment, and
shall not have been waived by Sellers;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;by Buyer (A)&nbsp;if Buyer shall have discovered any material error, misstatement or omission
in any of the representations or warranties of Sellers contained in this Agreement or any Seller
shall have otherwise breached in any material respect any such representation or warranty except
where such material error, misstatement, omission or breach would not have a Material Adverse
Effect, or (B)&nbsp;if any of the conditions set forth in Section&nbsp;3.2 shall have become incapable of
fulfillment, and shall not have been waived by Buyer; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;by either party hereto, if the Closing does not occur on or prior to October&nbsp;31, 2006;
<U><I>provided</I></U>, <U><I>however</I></U>, that the party exercising its right to so terminate this
Agreement pursuant to this Section&nbsp;12.3(a)(iv) shall not have been responsible for such failure for
the Closing to occur through a material breach of any of its representations, warranties, covenants
or agreements contained in this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In the event of termination by Sellers or Buyer pursuant to this Section&nbsp;12.3, written
notice thereof shall forthwith be given to the other party and the Transactions shall be
terminated, without further action by either party. If the Transactions are terminated as provided
herein:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Buyer shall return all documents and copies and other material received from Sellers
relating to the Transactions, whether so obtained before or after the execution hereof, to Sellers;
and
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;all confidential information received by Buyer with respect to the Business and Sellers
shall be treated in accordance with the Confidentiality Agreement which shall remain in full force
and effect notwithstanding the termination of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;If this Agreement is terminated and the Transactions are abandoned as described in this
Section&nbsp;12.3, this Agreement shall become void and of no further force and effect, except for the
provisions of (i)&nbsp;Sections&nbsp;4.25 and 5.3 relating to finder&#146;s fees and broker&#146;s fees, (ii)&nbsp;Section
7.1 relating to the obligation of Buyer to keep confidential certain information
and data obtained by it, (iii)&nbsp;Section&nbsp;8.3 relating to publicity, (iv)&nbsp;Section&nbsp;12.4 relating
to certain expenses, (v)&nbsp;Section&nbsp;12.11 relating to choice of law and (vi)&nbsp;this Section&nbsp;12.3.
Nothing in this Section&nbsp;12.3 shall be deemed to release either party from any liability for any
breach by such party of the terms and provisions of this Agreement or to impair the right of either
party to compel specific performance by the other party of its obligations under this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;In the event that this Agreement is terminated by Sellers pursuant to Section
12.3(a)(ii)(A) or by either party pursuant to Section&nbsp;12.3(a)(iv), Buyer shall promptly (i)&nbsp;pay to
Sellers a termination fee in the amount equal to Seven Million, Five Hundred Thousand Dollars
($7,500,000) (the &#147;Termination Fee&#148;) concurrently with the termination of this Agreement and (ii)
reimburse Sellers for all reasonable costs, fees and expenses incurred by or on behalf of Sellers
in connection with this Agreement, the Transactions and the consummation of all other transactions
contemplated by this Agreement (including fees payable to legal counsel, brokers, finders,
financial and other service providers) (the &#147;Expense Reimbursement&#148;) upon submission of one or more
statements therefore, accompanied by reasonable supporting documentation. The Termination Fee and
the Expense Reimbursement shall be payable in immediately available funds and, if not timely paid
as provided in this Section&nbsp;12.3(d), shall bear interest until the date of such payment at a rate
of ten percent (10%) per annum.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 <U>Expenses</U>. Whether or not the Transactions are consummated, and except as otherwise
provided in Sections&nbsp;2.6(c), 6.4, 6.12, 7.4, 8.6, 8.7, 11.3 or 12.3 or elsewhere in this Agreement,
all fees, costs and expenses incurred in connection with this Agreement and the Transactions
(including the fees, costs and expenses incurred by Sellers and its Representatives in preparing
the Closing Balance Sheet) shall be paid by the party incurring such fees, costs or expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 <U>Equitable Relief</U>. The parties hereto agree that in the event of either party&#146;s breach
of its obligations to consummate the Transactions, damages may prove insufficient and the
non-breaching party should be entitled to the remedy of specific performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 <U>Amendments</U>. No amendment to this Agreement shall be effective unless it shall be in
writing which writing makes specific reference to this Agreement and which is signed by the parties
hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7 <U>Notices</U>. All notices or other communications required or permitted to be given
hereunder shall be in writing and shall be delivered by hand or sent telecopy (which is confirmed),
or sent, postage prepaid, by registered, certified (return receipt requested) or express mail, or
reputable overnight courier service (providing proof of delivery) and shall be deemed
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">given when so
delivered by hand, or telecopied, or if mailed, three (3)&nbsp;days after mailing (one (1)&nbsp;business day
in the case of express mail or overnight courier service), to the parties at the following
addresses (or at such
other address for a party specified by like notice, <U><I>provided</I></U> that notice of a change of
address shall be effective only upon receipt thereof):
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(i)</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><U>if to Buyer, to</U>:</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">PPG Industries, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">One PPG Place</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Pittsburgh, PA 15272</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">General Counsel</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(412) 434-2911</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telecopier:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(412) 434-2134</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(ii)</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><U>if to Sellers, to</U>:</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Ameron International Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">245 South Los Robles Avenue</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Pasadena, CA 91101-2894</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Javier Solis</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">626-683-4000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telecopier:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">626-683-4050</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><I>with a copy to</I>:</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Gibson, Dunn &#038; Crutcher LLP</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">333 South Grand Avenue</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Los Angeles, California 90071</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jeffrey A. Le Sage, Esq.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(213) 229-7504</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telecopier:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(213) 229-6504</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8 <U>Interpretation; Exhibits and Schedules</U>. The headings contained in this Agreement, in
any Exhibit or Schedule hereto and in the table of contents to this Agreement, are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement.
Information set forth in each Schedule specifically refers to the article and section of this
Agreement to which such information is responsive, and such information shall not be deemed to have
been disclosed with respect to any statement in any article and section that is not qualified by
reference to the pertinent Schedule with respect to any other article or section of this Agreement
or for any other purpose. The Schedules shall not vary, change or alter the language of the
representations and warranties contained in this Agreement. All Exhibits and Schedules annexed
hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set
forth in full herein. Any capitalized terms used in any Schedule or Exhibit, but not otherwise
defined therein, shall have the meaning as defined in this Agreement.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9 <U>Counterparts</U>. This Agreement may be executed in counterparts, all of which shall be considered one and the
same agreement, and shall become effective when one or more such counterparts have been signed by
each of the parties and delivered to the other party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.10 <U>Severability</U>. Any provision of this Agreement which, after the Closing, is held by a
court of competent jurisdiction to be invalid, illegal or unenforceable in any jurisdiction shall,
as to that jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability, without affecting in any way the remaining provisions hereof in such jurisdiction
or rendering that or any other provisions of this Agreement invalid, illegal or unenforceable in
any other jurisdiction; <U><I>provided</I></U>, that if any provision hereof or the application thereof
shall be, after the Closing, so held to be invalid, void or unenforceable by a court of competent
jurisdiction, then such court may substitute therefor a suitable and equitable provision in order
to carry out, so far as may be valid and enforceable, the intent and purpose of the invalid, void
or unenforceable provision and, if such court shall fail to decline to do so, the parties shall
negotiate in good faith in an effort to agree upon such a suitable and equitable provision. If for
any reason any term or provision containing a restriction set forth herein is held to cover an area
or to be for a length of time which is unreasonable, or in any other way is construed to be too
broad or to any extent invalid, such term or provision shall not be determined to be null, void and
of no effect, but to the extent the same is or would be valid or enforceable under applicable Law,
any court of competent jurisdiction shall construe and interpret or reform this Agreement to
provide for a restriction having the maximum enforceable area, time period and other provisions
(not greater than those contained herein) as shall be valid and enforceable under applicable Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.11 <U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with
the internal laws of the State of Delaware applicable to agreements made and to be performed
entirely within such State, without regard to the conflicts of law principles of such State.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.12 <U>Disclaimers and Waivers</U>. Except as expressly set forth in this Agreement (including
but not limited to the reports and matters discussed in Section&nbsp;4.12) and in the Access Agreement,
it is understood and agreed that Sellers are not making and have not at any time made any
representations or warranties of any kind or character, expressed or implied, with respect to the
Acquired Property, including, but not limited to, any representations or warranties as to
habitability, merchantability, fitness for particular purpose, title, zoning, tax consequences,
latent or patent physical or environmental condition, utilities, operating history or projections,
valuation, governmental approvals, the compliance of the Acquired Property with governmental Laws,
the truth, accuracy or completeness of the Environmental Reports or any other information provided
by or on behalf of Sellers to Buyer, or any other matter or things regarding the Acquired Property.
Buyer acknowledges and agrees that upon Closing, and subject to the terms of the Access Agreement,
Sellers shall sell and convey to Buyer and Buyer shall accept the Acquired Property &#147;as is, where
is, with all faults,&#148; except to the extent expressly provided otherwise in this Agreement. Buyer
has not relied and will not rely on, and Sellers are not liable for or bound by, any expressed or
implied warranties, guaranties, statements, representations or information pertaining to the
Acquired Property or relating thereto made or furnished by Sellers, the manager of any Acquired
Property, or any real estate broker or agent or contractor or
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">consultant representing or purporting
to represent Sellers, to whomever made or given, directly or indirectly, orally or in writing,
unless specifically set forth in this Agreement or in the Access Agreement. Sellers expressly
acknowledge and agree that notwithstanding anything to the contrary contained in the disclaimers
and waivers set forth herein, none of such disclaimers or waivers shall in any way affect,
diminish, waive or otherwise impair Buyer&#146;s rights and remedies under the Access Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BUYER REPRESENTS TO SELLERS THAT BUYER HAS CONDUCTED, OR WILL CONDUCT PRIOR TO CLOSING, SUCH
INVESTIGATIONS OF THE ACQUIRED PROPERTY, INCLUDING, BUT NOT LIMITED TO, THE PHYSICAL AND
ENVIRONMENTAL CONDITIONS THEREOF, AS BUYER DEEMS NECESSARY TO SATISFY ITSELF AS TO THE CONDITION OF
THE ACQUIRED PROPERTY AND THE EXISTENCE OR NONEXISTENCE OR CURATIVE ACTION TO BE TAKEN WITH RESPECT
TO ANY HAZARDOUS OR TOXIC MATERIALS ON OR DISCHARGED FROM THE ACQUIRED PROPERTY, AND WILL RELY
SOLELY UPON SAME AND NOT UPON ANY INFORMATION PROVIDED BY OR ON BEHALF OF SELLERS OR THEIR
RESPECTIVE AGENTS OR EMPLOYEES WITH RESPECT THERETO, OTHER THAN SUCH REPRESENTATIONS, WARRANTIES
AND COVENANTS OF SELLERS AS ARE EXPRESSLY SET FORTH IN THIS AGREEMENT AND THE ACCESS AGREEMENT.
EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT OR THE ACCESS AGREEMENT, UPON CLOSING, ON BEHALF OF
ITSELF, SUCCESSORS AND ASSIGNS, BUYER SHALL ASSUME THE RISK THAT ADVERSE MATTERS, INCLUDING, BUT
NOT LIMITED TO, CONSTRUCTION DEFECTS AND ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, MAY NOT
HAVE BEEN REVEALED BY BUYER&#146;S INVESTIGATIONS, AND BUYER, UPON CLOSING, SHALL BE DEEMED TO HAVE
WAIVED, RELINQUISHED AND RELEASED SELLERS (AND SELLERS&#146; RESPECTIVE OFFICERS, DIRECTORS,
SHAREHOLDERS, EMPLOYEES AND AGENTS) FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, CAUSES OF ACTION
(INCLUDING CAUSES OF ACTION IN TORT), LOSSES, DAMAGES, LIABILITIES, COSTS AND EXPENSES (INCLUDING
OUT-OF-POCKET EXPENSES, REASONABLE ATTORNEYS&#146;, EXPERTS&#146; AND ACCOUNTANTS&#146; FEES AND OTHER
DISBURSEMENTS AND COSTS OF INVESTIGATION OR DEFENSE) OF ANY AND EVERY KIND OR CHARACTER, KNOWN OR
UNKNOWN, WHICH BUYER MIGHT HAVE ASSERTED OR ALLEGED AGAINST SELLERS (AND SELLERS&#146; RESPECTIVE
AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES AND AGENTS) AT ANY TIME BY
REASON OF OR ARISING OUT OF ANY LATENT OR PATENT CONSTRUCTION DEFECTS OR PHYSICAL CONDITIONS,
VIOLATIONS OR LIABILITY UNDER ANY APPLICABLE LAWS (INCLUDING, WITHOUT LIMITATION, ANY HAZARDOUS
MATERIALS LAWS) AND ANY AND ALL OTHER ACTS, OMISSIONS, EVENTS, CIRCUMSTANCES OR MATTERS REGARDING
THE ACQUIRED PROPERTY. THE FOREGOING RELEASE SHALL NOT EXCUSE (Y)&nbsp;SELLERS&#146; EXPRESS
OBLIGATIONS UNDER THIS AGREEMENT OR THE ACCESS AGREEMENT, OR (Z)&nbsp;BREACHES OF SELLERS&#146;
REPRESENTATIONS OR WARRANTIES FOR WHICH A CLAIM IS TIMELY DELIVERED.
</DIV>

<P align="center" style="font-size: 10pt">57
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT AND THE ACCESS AGREEMENT, BUYER HEREBY RELEASES
SELLERS (AND SELLERS&#146; RESPECTIVE AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, SHAREHOLDERS,
EMPLOYEES AND AGENTS) FROM ANY AND ALL CLAIMS, LOSSES, LIABILITIES, COSTS OR DAMAGES THAT BUYER MAY
SUFFER ARISING FROM ANY HAZARDOUS MATERIALS IDENTIFIED OR DISCOVERED ON, IN, OR UNDER THE ACQUIRED
PROPERTY AFTER THE CLOSING DATE.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AS PART OF THE PROVISIONS OF THIS SECTION 12.12, BUT NOT AS A LIMITATION THEREON, BUYER HEREBY
AGREES, REPRESENTS AND WARRANTS THAT, EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT OR THE ACCESS
AGREEMENT, THE MATTERS RELEASED HEREIN ARE NOT LIMITED TO MATTERS WHICH ARE KNOWN OR DISCLOSED, AND
BUYER HEREBY WAIVES WITH RESPECT TO THE MATTERS RELEASED HEREIN ANY AND ALL RIGHTS AND BENEFITS
WHICH IT NOW HAS, OR IN THE FUTURE MAY HAVE CONFERRED UPON IT, BY VIRTUE OF THE PROVISIONS OF
FEDERAL, STATE OR LOCAL LAW, RULES OF REGULATIONS, INCLUDING, WITHOUT LIMITATION, SECTION 1542 OF
THE CIVIL CODE OF THE STATE OF CALIFORNIA, WHICH PROVIDES AS FOLLOWS:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN
BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.13 <U>Waiver of Compliance; Consents</U>. Except as otherwise provided in this Agreement, any
failure of the parties to comply with any obligation, covenant, agreement or condition herein may
be waived by the party entitled to the benefits thereof only by a written instrument signed by the
party granting such waiver, but such waiver or failure to insist upon strict compliance with such
obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with
respect to, any subsequent or other failure. Whenever this Agreement requires or permits consent
by or on behalf of a party, such consent shall be given in writing in a manner consistent with the
requirements for a waiver of compliance as set forth in this Section&nbsp;12.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.14 <U>Entire Agreement</U>. This Agreement, including the exhibits hereto and the documents,
schedules, certificates and instruments referred to herein, and the Confidentiality Agreement
embodies the entire agreement and understanding of the parties hereto in respect of the
Transactions. There are no restrictions, promises, representations, warranties, covenants or
undertakings, other than those expressly set
forth or referred to herein or therein. This Agreement supersedes all prior agreements and
understandings between the parties with respect to such transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.15 <U>Foreign Currencies</U>. Unless otherwise stated, all dollars specified in the
Transaction Documents shall be in U.S. dollars. All foreign currency shall be converted to U.S.
dollar equivalents determined on the basis of the exchange rates published in the <I>Wall Street</I>
</DIV>

<P align="center" style="font-size: 10pt">58
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Journal </I>on the date three (3)&nbsp;days prior to the relevant Closing (or, if the <I>Wall Street Journal </I>is
not published on such date, the next preceding date on which it is published).
</DIV>

<P align="center" style="font-size: 10pt">59
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date
first written above.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>SELLERS:</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON INTERNATIONAL CORPORATION</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON B.V.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON (PTE)&nbsp;LTD.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON (AUSTRALIA)&nbsp;PTY &#151; LIMITED</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&#091;Signature Page to Assets Purchase Agreement&#093;
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON HOLDINGS (NZ)&nbsp;LIMITED</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left" valign="top">Name:</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
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    <TD align="left" valign="top">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
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</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON (NEW ZEALAND) LIMITED</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD align="left" valign="top">Name:</TD>
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    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
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    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
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    <TD>&nbsp;</TD>
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</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON (UK)&nbsp;LIMITED</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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    <TD align="left" valign="top">By:</TD>
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</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
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</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERCOAT JAPAN COMPANY, LIMITED</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>AMERON SP. Z O.O.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&#091;Signature Page to Assets Purchase Agreement&#093;
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>BUYER:</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>PPG INDUSTRIES, INC.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&#091;Signature Page to Assets Purchase Agreement&#093;
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT A</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Bill of Sale</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>


<P align="center" style="font-size: 10pt">A-1
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT B</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Assignment and Assumption Agreement</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>


<P align="center" style="font-size: 10pt">B-1
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT C</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Trademark License Agreement</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>


<P align="center" style="font-size: 10pt">C-1
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT D</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Agreement Regarding Use of Domain Names</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>


<P align="center" style="font-size: 10pt">D-1
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT E</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Lease Agreements</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>

<P align="center" style="font-size: 10pt">E-1
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT F</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Geldermalsen Separation Plan</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>

<P align="center" style="font-size: 10pt">F-1
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT G</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>Form of Exclusive IP License-Back Agreement</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">See attached.

</DIV>


<P align="center" style="font-size: 10pt">G-1
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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>v22779exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">August&nbsp;2, 2006
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Contacts:</I><BR>
James S. Marlen, Chairman, President and Chief Executive Officer<BR>
Gary Wagner, Executive Vice President, Chief Operating Officer<BR>
James R. McLaughlin, Senior Vice President, Chief Financial Officer<BR>
Telephone: 626-683-4000

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>AMERON COMPLETES SALE OF COATINGS BUSINESS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PASADENA, Calif. <FONT style="font-family: Symbol">&#190;</FONT> Ameron International Corporation (NYSE: AMN) announced today that the
previously announced sale of its worldwide Performance Coatings &#038; Finishes business (&#147;Coatings&#148;) to
PPG Industries was completed on August&nbsp;1, 2006. Ameron initially announced the transaction on June
29, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;We are pleased to complete the sale of Coatings,&#148; commented James Marlen, Ameron&#146;s Chairman,
President and Chief Executive Officer. &#147;We look forward to operating a streamlined, more focused
Company that will be in an enhanced position to create shareholder value.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameron International Corporation is a multinational manufacturer of highly-engineered products
and materials for the chemical, industrial, energy, transportation and infrastructure markets.
Traded on the New York Stock Exchange (AMN), Ameron is a leading producer of water transmission
lines; fiberglass-composite pipe for transporting oil, chemicals and corrosive fluids and
specialized materials and products used in infrastructure projects. The Company operates
businesses in North America, South America, Europe and Asia. It also participates in several
joint-venture companies in the U.S. and the Middle East.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Cautionary statement for purposes of the &#147;Safe Harbor&#148; provisions of The Private Securities
Litigation Reform Act of 1995: Any statements in this report that refer to the forecasted,
estimated or anticipated future results of Ameron International Corporation (&#147;Ameron&#148; or the
&#147;Company&#148;) are forward-looking and reflect the Company&#146;s current analysis of existing trends and
information. Actual results may differ from current expectations based on a number of factors
affecting Ameron&#146;s businesses, including competitive conditions and changing market situations.
Matters affecting the economy generally, including the state of economies worldwide, can affect
Ameron&#146;s results. Forward-looking statements represent the Company&#146;s judgment only as of the date
of this report. Since actual results could differ materially, the reader is cautioned not to rely
on these forward-looking statements. Moreover, Ameron disclaims any intent or obligation to update
these forward-looking statements.</I>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
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