Covalence Specialty Materials Corp. Watch

from S-4 132 pages $300,000,000 Amended and Restated Credit Agreement Dated as of May 18, 2006, Among Covalence Specialty Materials Holding Corp. Covalence Specialty Materials Corp., as Borrower, the Lenders Party Hereto, Bank of America, N.A., as Collateral Agent and Administrative Agent and Banc of America Securities LLC, as Sole Bookrunner Banc of America Securities LLC, as Sole Lead Arranger

from S-4 113 pages $175,000,000 Second Lien Credit Agreement Dated as of February 16, 2006, Among Covalence Specialty Materials Corp., as Borrower, the Lenders Party Hereto, Bank of America, N.A., as Administrative Agent, Credit Suisse, as Syndication Agent, Merrill Lynch Capital Corporation and Morgan Stanley Senior Funding, Inc., as Co-Documentation Agents Banc of America Securities LLC, Credit Suisse, Merrill Lynch Capital Corporation and Morgan Stanley Senior Funding, Inc., as Joint Bookrunning Managers Banc of America Securities LLC and Credit Suisse, as Joint Lead Arrangers

from S-4 167 pages $200,000,000 Revolving Credit Agreement Dated as of May 18, 2006, Among Covalence Specialty Materials Holding Corp. Covalence Specialty Materials Corp. and Certain of Its Subsidiaries Party Hereto as Borrowers, the Lenders Party Hereto, Bank of America, N.A., as Collateral Agent and Administrative Agent, and Banc of America Securities LLC, as Sole Lead Arranger and Sole Bookrunner

from S-4 24 pages Registration Rights Agreement by and Among Covalence Specialty Materials Corp. Covalence Specialty Adhesives LLC Covalence Specialty Coatings LLC and Banc of America Securities LLC Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. Incorporated Bear, Stearns & Co. Inc. Cibc World Markets Corp. Dated as of February 16, 2006 Registration Rights Agreement