The document summarizes the agenda and notes from a sales meeting between True Value, Disston, and Creeden. Key discussion points included reviewing sales numbers which were down year-over-year, new products like impact ready bits and thin wall hole saws, and testing procedures for evaluating drill and bit performance. Product demonstrations showed improvements in hole quality from new spade bits and coatings providing hardness and corrosion resistance on drill bits.

1. December 9, 2009

5. Drill Bits DeWalt titanium twist drill bit # 5 prior to drilling in 1044 carbon steel substrate DeWalt titanium twist drill bit # 5 after drilling 22 holes in 1044 carbon steel substrate Confidential: Disston and True Value only

7. Drill Bit Testing Example of current testing Confidential: Disston and True Value only

9. New Product: Impact Ready Bits Confidential: Disston and True Value only 35 PC SET 1 pivot holder 1/4" pivot nut driver 5/16" pivot nut driver #1, 1" phillips #2 ,1" phillips #2, 2" phillips #3, 1" phillips #4, 1" phillips 1", square #2, 1" square #2, 2" square #3, 1" square #2 double tip phillips Plastic Case ( large armor case ) Description Packaging Disston Invoice Member Cost Suggested Retail True Value Member GM% 35PC. IMPACT READY SCREWDRIVER BIT SET Clam Shell 8.24 10.98 29.95 60.71

10. Available in 11 sizes. ¼” Quick change shank. Ideal for use with impact drills and drivers. Safety collar stop. Helps prevent damage to wires when drilling into electrical boxes. Bi-Metal construction. M42 cutting edge with 8% cobalt. Ejector spring eases plug removal. .020 wall thickness allows for faster cutting and more battery life. More holes per battery charge. 5/32” pilot drill for quicker penetration. Newly developed tooth geometry. Special 8TPI tooth design for smoother cuts in sheet metal – constant pitch. Cuts thin materials: sheet metal, mild steel, brass, stainless steel, plastics, etc. Ideal for the electrical and plumbing tradesman as well as construction, aircraft, maintenance and automotive industries. New Product: Thin Wall Hole Saws Confidential: Disston and True Value only

11. Confidential: Disston and True Value only New Product: Thin Wall Hole Saws

12. Confidential: Disston and True Value only New Product: Thin Wall Hole Saws

13. New Product: Thin Wall Hole Saws Confidential: Disston and True Value only Description Packaging Disston Invoice Member Cost Suggested Retail True Value Member GM% 7/8" Thin Wall Hole Saw Colored Box 3.56 4.75 17.68 73.14 1-1/8" Thin Wall Hole Saw Colored Box 4.33 5.78 17.92 67.75 1-3/8" Thin Wall Hole Saw Colored Box 5.04 6.72 19.59 65.68

14. New Product: Thin Wall Hole Saws Confidential: Disston and True Value only Description Packaging Disston Invoice Member Cost Suggested Retail True Value Member GM% Thin Wall Hole Saw Set (7/8",1-1/8",1-3/8") BMC + Color Sleeve 13.95 18.6 49.97 62.79

15. Recent Promotions Confidential: Disston and True Value only

16. New Product: Large PC Count Sets Quote will be submitted after the meeting Confidential: Disston and True Value only

17. New Product: Large PC Count Sets Outer Shell: Large Armor Case Larger version of some our current Master Mechanic Drill Bit Sets Other possible inner layout Confidential: Disston and True Value only

22. New to True Value: Door Lock Kit Designed for fast, accurate door lock installation with professional results every time. Door thickness adjust to 1 3/8” and 1 ¾”. Backsets adjust to 2 3/8” and 2 ¾”. 1. Position 2. Bore 3. Assemble Kit includes: 2 1/8” and 1” bi-metal hole saws, mandrel with pilot drill, adaptor, heavy duty drill guide and instructions. For use on wood and metal doors Confidential: Disston and True Value only

23. New to True Value: Mortise Tool Outline blade for a clean, accurate professional installation. Preset depth for precise flush mounting. Clear visibility for accurate placement Body matches both common door widths for additional alignment. Mortise blade for clean trimming of strike plate area. Guide post matched 1” door edge bore for simple placement. Eliminates guesswork and uneven material removal. Protects delicate door edges. Confidential: Disston and True Value only

24. New Product: Spade Bits Cuts wood. Ideal for rough in electrical and plumbing applications. Additional cutting edges provide a cleaner, smoother hole finish. 15% thicker body than standard bit - strong, durable performance without breakage. 1/4” hex shank for non-slip drilling plus power groove for quick-change system. High alloy steel for higher hardness provides durability for longer life. Available in fractional sizes 1/4” to 1-1/2” and 2 sets plus quick change extensions. (4”, 6”and 16” lengths) Precision ground point starts fast. Confidential: Disston and True Value only

25. New Product: Spade Bits Property of DISSTON Company Test performed by DISSTON Greensboro test facility. Test later confirmed by third party. Confidential: Disston and True Value only

26. New Product: Spade Bits Blu-Mol Xtreme spade bit hole quality (shown on left). A cleaner, smoother hole finish without blowout as compared to standard spade bit hole quality (shown on right). Confidential: Disston and True Value only

27. New Product: Drill Bits Black Fusion : provides a rich finish and provides increased hardness and corrosion resistance non-slip shank laser-etched: brand and size precision ground 143° split point standard black oxide finish Innovation: Confidential: Disston and True Value only

28. New Product: Drill Bits Confidential: Disston and True Value only

29. New Product: Step Drills Patent pending Confidential: Disston and True Value only