Exhibit 10.7

FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED

CREDIT AND SECURITY AGREEMENT

THIS FOURTH AMENDMENT (the “Amendment”), dated September 26, 2014, is entered
into by and between SCHUFF INTERNATIONAL, INC., a Delaware corporation, and the
other Persons listed in Schedule 1.1 of the Credit Agreement, as hereafter
defined (collectively, jointly and severally the “Borrower”), and WELLS FARGO
CREDIT, INC., a Minnesota corporation (“Lender”).

RECITALS

The Borrower and the Lender are parties to a Second Amended and Restated Credit
and Security Agreement dated August 14, 2013 (as amended from time to time, the
“Credit Agreement”). Capitalized terms used in these recitals have the meanings
given to them in the Credit Agreement unless otherwise specified.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and
agreements herein contained, it is agreed as follows:

1. Credit Agreement Amendment. The Credit Agreement is hereby amended as
follows:

(a) The following definitions contained in Section 1.1 of the Credit Agreement
are hereby added or replaced, as applicable.

“Advance” means a Revolving Advance, the Real Estate Term Advance or any Real
Estate (2) Term Advance, as the context requires.

“Borrowing Base” means at any time the lesser of:

the Maximum Line; or

the sum of:

(i) 85% of Eligible Quincy Accounts plus the lesser of $3,000,000.00, plus

(ii) the lesser of (a) $20,000,000.00, or (b) 20% of Eligible Non-Quincy
Accounts, plus

(iii) the lesser of (a) $433,000.00, which amount shall be automatically reduced
by $225,000.00 on the first day of each month commencing on September 1, 2014,
by all amounts which are paid to Lender pursuant to Section 6.2(c) of the Credit
Agreement and by all amounts paid to Lender pursuant to Section 6.28 of the
Credit Agreement until such time as said amount is equal to $0.00), or (b) 85%
of the Net Orderly Liquidation Value of Eligible Equipment, plus

(iv) the lesser of (a) 85% of the Net Orderly Liquidation Value of the Eligible
Inventory, or (b) $15,000,000.00, plus

 

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(v) the lesser of (a) $6,812,500.00 (which amount shall automatically be reduced
by $62,500.00 on September 1, 2014, and on the first day of each month
thereafter through and until the Real Estate Facility Termination Date, at which
point it shall be equal to $0.00), or (b) 20% of the fair market value of the
Real Property, as determined by appraisals which are acceptable to the Lender in
its sole discretion (such lesser amount, the “Real Estate Sublimit”), minus

(vii) $5,000,000.00.

“Floating Rate” means, with respect to all Advances (except the Real Estate Term
Advance and the Real Estate (2) Term Advance) an interest rate equal to the sum
of (i) Daily Three Month LIBOR, which interest rate shall change whenever Daily
Three Month LIBOR changes, plus (ii) three percent (3.00%) and, with respect to
the Real Estate Term Advance, and the Real Estate (2) Term Advance, “Floating
Rate” means an interest rate equal to the sum of (i) Daily Rate equal to Three
Month LIBOR, which interest rate shall change whenever the Daily Three Month
LIBOR changes, plus (ii) four percent (4.00%).

“Note” or “Notes” collectively means the Third Replacement Revolving Note, the
Real Estate Term Note and the Real Estate (2) Term Note and any note issued in
substitution or replacement thereof.

“Real Estate (2) Term Advances” has the meaning specified in Section 2.20(a).

“Real Estate (2) Term Note” means the $15,000,000.00 Real Estate (2) Term Note
in favor of the Lender, as the same may be renewed and amended from time to
time, and all replacements thereto.

(b) Section 2.8(a) of the Credit Agreement is hereby deleted and replaced as
follows:

(a) Note. Except as set forth in subsections (b) and (d), the outstanding
principal balance of the Revolving Note and each Revolving Advance and the
outstanding principal balance of the Real Estate Term Note and the Real Estate
Term Advance and the outstanding principal balance of the Real Estate (2) Term
Note and all Real Estate (2) Term Advances shall bear interest at the Floating
Rate.

(c) Section 2.9(j) of the Credit Agreement is hereby deleted and replaced as
follows:

 

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Real Estate Term Advance Prepayment Fee. If the Real Estate Term Advance or any
Real Estate (2) Term Advance is prepaid in whole or in part prior to the Real
Estate Facility Maturity Date for any reason, then on the date of any such
prepayment, the Borrower shall pay to the Lender as liquidated damages and not
as a penalty a prepayment fee in an amount equal to (i) three percent (3.0%) of
the amount prepaid, if prepayment occurs on or before April 30, 2016; (ii) two
percent (2.0%) of the amount prepaid, if prepayment occurs after April 30, 2016
but on or before April 30, 2018 and (iii) one percent (1.0%) of the amount
prepaid if the prepayment occurs after April 30, 2018.

(d) A new Section 2.9(k) is hereby added to the Credit Agreement which provides:

(k) Real Estate (2) Term Advance Origination Fees. The Borrower shall pay to the
Lender, on the date of each Real Estate (2) Term Advance, a fully earned,
non-refundable, origination fee in the amount of 0.25% of the applicable Real
Estate (2) Term Advance.

(e) Section 2.20 of the Credit Agreement is hereby deleted and replaced as
follows:

Section 2.20 Real Estate (2) Term Advances.

(a) The Lender agrees, subject to the terms and conditions of this Agreement, to
make advances to the Borrower from time to time through and until that date
which is 6 months from the date of the Fourth Amendment to the Credit Agreement
(each a “Real Estate (2) Term Advance”). The Lender shall have no obligation to
make a Real Estate (2) Term Advance if, after giving effect to such requested
Real Estate (2) Term Advance, the aggregate original principal amount of all of
the Real Estate (2) Term Advances made under this agreement would exceed
$15,000,000.00 with each Real Estate (2) Term Advance. Any Real Estate
(2) Advances repaid may not be reborrowed.

(b) The Borrower shall comply with the following procedures in requesting Real
Estate (2) Term Advances:

(i) The Borrower shall make each request for a Real Estate (2) Term Advance to
the Lender no later than the Cut-off Time on the Banking Day on which the
Borrower wishes to receive the Real Estate (2) Term Advance. Requests may be
made in writing or by telephone, specifying the date of the requested Real
Estate (2) Term Advance and the amount thereof.

(ii) Each Real Estate (2) Term Advance shall be a minimum of $1,000,000.00.

(iii) Each request shall be by an individual authorized pursuant to 2.2(a).

 

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(iv) There may not be more than 4 Real Estate (2) Term Advances.

(v) The proceeds of each Real Estate (2) Term Advance may be used solely to
repurchase treasury stock of the Borrower.

(vi) There is not less than $10,000,000.00 in excess Availability on the date of
each request for a Real Estate (2) Term Advance.

(c) Upon fulfillment of the applicable conditions set forth in Article IV, the
Lender shall deposit the proceeds of the requested Real Estate (2) Term Advance
by crediting the same to the Borrower’s demand deposit account specified in
Section 2.2(b) unless the Lender and the Borrower shall agree in writing to
another manner of disbursement. Upon the Lender’s request, the Borrower shall
promptly confirm each telephonic request for a Real Estate (2) Term Advance by
executing and delivering an appropriate confirmation certificate to the Lender.
The Borrower shall be obligated to repay all Real Estate (2) Term Advances
notwithstanding the Lender’s failure to receive such confirmation and
notwithstanding the fact that the Person requesting the same was not in fact
authorized to do so. Any request for a Real Estate (2) Term Advance, whether
written or telephonic, shall be deemed to be a representation by the Borrower,
upon which the Lender may rely, that the Borrower is in compliance with the
conditions set forth in Section 4.2 as of the time of the request.

(d) Payment of the Real Estate (2) Term Advance. The outstanding principal
balance of the Real Estate Term Advance shall be due and payable as follows:

(i) In equal monthly installments sufficient to fully amortize the Real Estate
(2) Term Advances over an assumed term of 8 years (the “Assumed Maturity Date”),
beginning on the first day of the first month following the disbursement of the
first Real Estate Term Advance, and on the first day of each month thereafter.
The monthly installments shall be recalculated after the disbursement of each
Real Estate (2) Term Advance so that all Real Estate (2) Term Advances will be
fully amortized by the Assumed Maturity Date.

(ii) All prepayments of principal with respect to the Real Estate Term Advance
shall be applied to the principal installments thereof in the inverse order of
maturity.

(iii) On the Real Estate Facility Termination Date, the entire unpaid principal
balance of the Real Estate Term Advance, and all unpaid interest accrued
thereon, shall also be fully due and payable.

 

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(f) Section 6.2(c) of the Credit Agreement is hereby deleted and replaced as
follows:

(c) Free Cash Flow. The Borrower shall, if requested by the Lender in its sole
discretion, on the first day of the first month following Lender’s receipt of
Borrower’s audited financial statements of each year, commencing with the 2014
fiscal year, pay 30% of the Free Cash Flow generated in the immediately
preceding fiscal year to Lender for application to reduce (in the following
order) the outstanding principal balance of (i) the Advances supported by the
Real Estate Sublimit component of the Borrowing Base, (ii) the Real Estate Term
Advance and (iii) the Real Estate Term (2) Advance.

2. No Other Changes. Except as explicitly amended by this Amendment, all of the
terms and conditions of the Credit Agreement shall remain in full force and
effect and shall apply to any advance or letter of credit thereunder.

3. Conditions Precedent. This Amendment shall be effective when the Lender shall
have received an executed original hereof, together with each of the following,
each in substance and form acceptable to the Lender in its sole discretion:

(a) A Certificate of the Secretary of the Borrower certifying as to (i) the
resolutions of the board of directors of the Borrower approving the execution
and delivery of this Amendment, (ii) the fact that the articles of incorporation
and bylaws or articles of organization and operating agreement, as applicable,
of the Borrower, which were certified and delivered to the Lender pursuant to a
previous Certificate of Authority of the Borrower’s secretary or assistant
secretary continue in full force and effect and have not been amended or
otherwise modified except as set forth in the Certificate to be delivered, and
(iii) certifying that the officers and agents of the Borrower who have been
certified to the Lender, pursuant to a previous Certificate of Authority of the
Borrower’s secretary or assistant secretary, as being authorized to sign and to
act on behalf of the Borrower continue to be so authorized or setting forth the
sample signatures of each of the officers and agents of the Borrower authorized
to execute and deliver this Amendment and all other documents, agreements and
certificates on behalf of the Borrower.

(b) The Real Estate (2) Term Note, in the form attached hereto as Exhibit A-1,
duly executed by the Borrower.

(c) The Amendments to the Deeds of Trust, in the form attached hereto as
Exhibit A-2, duly executed and acknowledged by the Borrower.

(d) Payment of the fee detailed in Section 9 below.

(e) Such other matters as the Lender may reasonably require.

4. Representations and Warranties. The Borrower hereby represents and warrants
to the Lender as follows:

(a) The Borrower has all requisite power and authority to execute this Amendment
and any other agreements or instruments required hereunder and to perform all of
its obligations hereunder, and this Amendment and all such other agreements and
instruments has been duly executed and delivered by the Borrower and constitute
the legal, valid and binding obligation of the Borrower, enforceable in
accordance with its terms.

 

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(b) The execution, delivery and performance by the Borrower of this Amendment
and any other agreements or instruments required hereunder have been duly
authorized by all necessary corporate action and do not (i) require any
authorization, consent or approval by any governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any
provision of any law, rule or regulation or of any order, writ, injunction or
decree presently in effect, having applicability to the Borrower, or the
articles of incorporation or by-laws of the Borrower, or (iii) result in a
breach of or constitute a default under any indenture or loan or credit
agreement or any other agreement, lease or instrument to which the Borrower is a
party or by which it or its properties may be bound or affected.

(c) All of the representations and warranties contained in Article V of the
Credit Agreement are correct on and as of the date hereof as though made on and
as of such date, except to the extent that such representations and warranties
relate solely to an earlier date.

5. References. All references in the Credit Agreement to “this Agreement” shall
be deemed to refer to the Credit Agreement as amended hereby; and any and all
references in the Security Documents to the Credit Agreement shall be deemed to
refer to the Credit Agreement as amended hereby.

6. No Waiver. The execution of this Amendment and the acceptance of all other
agreements and instruments related hereto shall not be deemed to be a waiver of
any Default or Event of Default under the Credit Agreement or a waiver of any
breach, default or event of default under any Security Document or other
document held by the Lender, whether or not known to the Lender and whether or
not existing on the date of this Amendment.

7. Release. The Borrower hereby absolutely and unconditionally releases and
forever discharges the Lender, and any and all participants, parent
corporations, subsidiary corporations, affiliated corporations, insurers,
indemnitors, successors and assigns thereof, together with all of the present
and former directors, officers, agents and employees of any of the foregoing,
from any and all claims, demands or causes of action of any kind, nature or
description, whether arising in law or equity or upon contract or tort or under
any state or federal law or otherwise, which the Borrower has had, now has or
has made claim to have against any such person for or by reason of any act,
omission, matter, cause or thing whatsoever arising from the beginning of time
to and including the date of this Amendment, whether such claims, demands and
causes of action are matured or unmatured or known or unknown.

8. Costs and Expenses. The Borrower hereby reaffirms its agreement under the
Credit Agreement to pay or reimburse the Lender on demand for all costs and
expenses incurred by the Lender in connection with the Loan Documents, including
without limitation all title insurance premiums and all reasonable fees and
disbursements of legal counsel. Without limiting the generality of the
foregoing, the Borrower specifically agrees to pay all reasonable fees and
disbursements of counsel to the Lender for the services performed by such
counsel in connection with the preparation of this Amendment and the documents
and instruments incidental hereto. The Borrower hereby agrees that the Lender
may, subject to the terms of this Amendment, in its sole discretion and without
further authorization by the Borrower, make a loan to the Borrower under the
Credit Agreement, or apply the proceeds of any loan, for the purpose of paying
any such fees, disbursements, costs and expenses.

 

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9. Amendment Fee. The Borrower shall pay to the Lender, on the date hereof, a
fully earned, non-refundable amendment fee in the amount of $37,500.00.

10. Miscellaneous. This Amendment may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed an original and all
of which counterparts, taken together, shall constitute one and the same
instrument.

[EXECUTION PAGES FOLLOW]

 

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

 

For Each Person Comprising the Borrower

 

c/o Schuff International, Inc.

1841 W. Buchanan Street

Phoenix, Arizona 85007

   

SCHUFF INTERNATIONAL, INC., a

Delaware corporation

Telecopier: (602) 452-4465     By  

/s/ Michael R. Hill

Attention: Michael R. Hill       Michael R. Hill e-mail: MIKE.HILL@SCHUFF.COM  
  Its:   Vice President and CFO

 

   

SCHUFF STEEL COMPANY, a

Delaware corporation

    By:  

/s/ Michael R. Hill

      Michael R. Hill     Its:   Vice President and CFO     SCHUFF STEEL –
ATLANTIC, LLC., a Florida limited liability company     By:        Schuff Steel
Company, a Delaware corporation            Its Managing Member     By:  

/s/ Michael R. Hill

           Michael R. Hill            Its: Vice President and CFO    

QUINCY JOIST COMPANY, a Delaware

corporation

    By:  

/s/ Michael R. Hill

      Michael R. Hill       Its: Vice President and CFO    

SCHUFF STEEL – GULF COAST, INC., a

Delaware corporation

    By:  

/s/ Michael R. Hill

      Michael R. Hill       Its: Vice President and CFO

 

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ON-TIME STEEL MANAGEMENT HOLDING, INC., a Delaware corporation By:  

/s/ Michael R. Hill

  Michael R. Hill   Its: Vice President and CFO SCHUFF HOLDING CO., a Delaware
corporation By  

/s/ Michael R. Hill

  Michael R. Hill   Its: President ADDISON STRUCTURAL SERVICES, INC., a Florida
corporation By  

/s/ Michael R. Hill

  Michael R. Hill   Its: President SCHUFF STEEL MANAGEMENT COMPANY-SOUTHEAST
L.L.C., a Delaware limited liability company By  

/s/ Michael R. Hill

Name: Michael R. Hill, Manager SCHUFF STEEL MANAGEMENT COMPANY-SOUTHWEST, INC.,
a Delaware corporation By:  

/s/ Michael R. Hill

  Michael R. Hill   Its: Vice President and CFO SCHUFF STEEL MANAGEMENT
COMPANY-COLORADO, L.L.C., a Delaware limited liability company By:  

/s/ Michael R. Hill

  Michael R. Hill, Manager

 

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SCHUFF PREMIER SERVICES LLC, a

Delaware limited liability company

By:  

/s/ Michael R. Hill

Name: Michael R. Hill, Manager WELLS FARGO CREDIT, INC. By  

/s/ Amber M. Wildermuth

  Its Authorized Signatory

 

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EXHIBIT A-1

REAL ESTATE (2) TERM NOTE

 

$15,000,000.00                        , 2014

For value received, the undersigned, SCHUFF INTERNATIONAL, INC., a Delaware
corporation, SCHUFF STEEL COMPANY, a Delaware corporation, SCHUFF STEEL –
ATLANTIC, LLC., a Florida limited liability company, QUINCY JOIST COMPANY, a
Delaware corporation, SCHUFF STEEL – GULF COAST, INC., a Delaware corporation,
ON-TIME STEEL MANAGEMENT HOLDING, INC., a Delaware corporation, SCHUFF HOLDING
CO., a Delaware corporation, ADDISON STRUCTURAL SERVICES, INC., a Florida
corporation, SCHUFF STEEL MANAGEMENT COMPANY-SOUTHEAST L.L.C., a Delaware
limited liability company, SCHUFF STEEL MANAGEMENT COMPANY-SOUTHWEST, INC., a
Delaware corporation, SCHUFF STEEL MANAGEMENT COMPANY-COLORADO, L.L.C., a
Delaware limited liability company, SCHUFF PREMIER SERVICES LLC, a Delaware
limited liability company (collectively, jointly and severally the “Borrower”),
hereby promises to pay to the order of WELLS FARGO CREDIT, INC., a Minnesota
corporation (the “Lender”), on or before the Termination Date set forth in the
Second Amended and Restated Credit and Security Agreement dated August 14, 2013,
as amended from time to time, that was entered into by the Lender and the
Borrower (the “Credit Agreement”), at Lender’s office located at Phoenix,
Arizona or at any other place designated at any time by the holder hereof, in
lawful money of the United States of America and in immediately available funds,
the principal sum of Fifteen Million Dollars ($15,000,000.00) or the aggregate
unpaid principal amount of all Real Estate (2) Term Advances made by the Lender
to the Borrower under the Credit Agreement together with interest on the
principal amount hereunder remaining unpaid from time to time, computed on the
basis of the actual number of days elapsed and a 360-day year, from the date the
Real Estate (2) Term Advances are made to the Borrower until this Real Estate
(2) Term Note is fully paid at the rate from time to time in effect under the
Credit Agreement.

This Real Estate (2) Term Note is the Real Estate (2) Term Note referred to in
the Credit Agreement, and is subject to the terms of, the Credit Agreement,
which provides, among other things, for acceleration hereof. Principal and
interest due hereunder shall be payable as provided in the Credit Agreement, and
this Real Estate (2) Term Note may be prepaid only in accordance with the terms
of the Credit Agreement. This Real Estate (2) Term Note is secured, among other
things, pursuant to the Credit Agreement and the Security Documents as therein
defined, and may now or hereafter be secured by one or more other security
agreements, mortgages, deeds of trust, assignments or other instruments or
agreements. This Real Estate (2) Term Note is secured, among other things,
pursuant to the Credit Agreement and the Security Documents as therein defined,
and may now or hereafter be secured by one or more other security agreements,
mortgages, deeds of trust, assignments or other instruments or agreements.

The Borrower hereby agrees to pay all costs of collection, including reasonable
attorneys’ fees and legal expenses in the event this Real Estate (2) Term Note
is not paid when due, whether or not legal proceedings are commenced.

 

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Presentment or other demand for payment, notice of dishonor and protest are
expressly waived.

 

SCHUFF INTERNATIONAL, INC., a Delaware corporation By  

 

  Michael R. Hill Its:   Vice President and CFO SCHUFF STEEL COMPANY, a Delaware
corporation By:  

 

  Michael R. Hill Its:   Vice President and CFO SCHUFF STEEL – ATLANTIC, LLC., a
Florida limited liability company By:   Schuff Steel Company, a Delaware  
corporation   Its Managing Member   By:  

 

    Michael R. Hill   Its:   Vice President and CFO QUINCY JOIST COMPANY, a
Delaware corporation By:  

 

  Michael R. Hill   Its: Vice President and CFO SCHUFF STEEL – GULF COAST, INC.,
a Delaware corporation By:  

 

  Michael R. Hill   Its: Vice President and CFO

 

 

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ON-TIME STEEL MANAGEMENT HOLDING, INC., a Delaware corporation By:  

 

  Michael R. Hill   Its: Vice President and CFO SCHUFF HOLDING CO., a Delaware
corporation By:  

 

  Michael R. Hill   Its: Vice President and CFO ADDISON STRUCTURAL SERVICES,
INC., a Florida corporation By  

 

Name: Michael R. Hill Title: Vice President and CFO SCHUFF STEEL MANAGEMENT
COMPANY-SOUTHEAST L.L.C., a Delaware limited liability company By  

 

Name: Michael R. Hill, Manager SCHUFF STEEL MANAGEMENT COMPANY-SOUTHWEST, INC.,
a Delaware corporation By:  

 

  Michael R. Hill   Its: Vice President and CFO

 

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SCHUFF STEEL MANAGEMENT COMPANY-COLORADO, L.L.C., a Delaware limited liability
company By:  

 

  Michael R. Hill, Manager SCHUFF PREMIER SERVICES LLC, a Delaware limited
liability company By:  

 

Name: Michael R. Hill, Manager

 

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EXHIBIT A-2

Amendments to the Deeds of Trust

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

FIFTH AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF RENTS,

SECURITY AGREEMENT AND FIXTURE FILING

 

DATE:                         , 2014

 

PARTIES: SCHUFF STEEL COMPANY, a Delaware corporation

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (“Trustor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC S4101-158

     Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust, Assignment of Rents,
Security Agreement and Fixture Filing on certain real property located in
Coconino County, Arizona which was recorded in the records of Coconino County,
Arizona (the “Official Records”) at Instrument No. 3431845, as amended (the
“Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1 of the Deed of Trust is deleted and replaced as follows:

2.1 Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, and (ii) that Real Estate
Term Note in the original principal amount of $10,000,000.00, and (iii) that
Real Estate (2) Term Note in the original principal amount of $15,000,000.00,
each made by Trustor, and the other persons or entities listed on Schedule “B”
attached hereto and by this reference made a part hereof (hereinafter Trustor
and such other persons individually and collectively called “Borrower”),

 

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payable to the order of Beneficiary, evidencing lines of credit, all or parts of
which may be advanced to Borrower, repaid by Borrower and readvanced to
Borrower, from time to time, subject to the terms and conditions thereof and/or
of that Second Amended and Restated Credit and Security Agreement dated
August 14, 2013, as amended from time to time and as amended and restated from
time to time, by and between Borrower and Beneficiary (hereinafter called the
“Loan Agreement”), provided that the principal balance outstanding at any time
shall not exceed the sum set forth about in this Paragraph 2.1, with interest
thereon, extension and other fees, late charges, prepayment premiums and
attorneys’ fees, according to the terms thereof, and all extensions,
modifications, renewals or replacements thereof (hereinafter collectively called
the “Note”). The instruments detailed above bear interest at a variable rate in
accordance with the terms and provisions thereof which are by this reference
incorporated herein.

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF STEEL COMPANY, a Delaware corporation By  

 

  Michael R. Hill   Its Vice President and CFO

State of                     

County of                 

The foregoing instrument was acknowledged before me this                     
day of                     , 2014, by Michael R. Hill, as Vice President and CFO
of Schuff Steel Company, a Delaware corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

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WELLS FARGO CREDIT, INC., a Minnesota corporation By  

 

  Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this              day
of                    , 2014, by Amber N. Wildermuth, as Authorized Signatory of
Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

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EXHIBIT A

(Legal Description)

 

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When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

SECOND AMENDMENT TO DEED OF TRUST AND

ASSIGNMENT OF RENTS AND LEASES

 

DATE:                 , 2014

 

PARTIES: SCHUFF STEEL COMPANY, a Delaware corporation

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (“Trustor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC S4101-158

     Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in Maricopa County, Arizona which was
recorded in the records of Maricopa County, Arizona (the “Official Records”) at
Instrument No. 20120282390, as amended (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

(a) Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00, each
made by Trustor, and the other persons or entities listed on Schedule “B”
attached hereto and by this reference made a part hereof (hereinafter Trustor
and such other persons individually and collectively called “Borrower”), payable
to the order of Beneficiary, evidencing lines of credit, all or parts of which
may be advanced to Borrower, repaid by Borrower and readvanced to Borrower, from
time to time, subject to the terms and conditions thereof

 

20

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and/or of that Second Amended and Restated Credit and Security Agreement dated
August 14, 2013, as amended from time to time and as amended and restated from
time to time, by and between Borrower and Beneficiary (hereinafter called the
“Loan Agreement”), provided that the principal balance outstanding at any time
shall not exceed the sum set forth about in this Paragraph 2.1, with interest
thereon, extension and other fees, late charges, prepayment premiums and
attorneys’ fees, according to the terms thereof, and all extensions,
modifications, renewals or replacements thereof (hereinafter collectively called
the “Note”). The instruments detailed above bear interest at a variable rate in
accordance with the terms and provisions thereof which are by this reference
incorporated herein.

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

21

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF STEEL COMPANY, a Delaware

corporation

By       Michael R. Hill   Its Vice President and CFO

State of                             

County of                         

The foregoing instrument was acknowledged before me this                  day of
                            , 2014, by Michael R. Hill, as Vice President and
CFO of Schuff Steel Company, a Delaware corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

  Notary Public

 

22

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WELLS FARGO CREDIT, INC., a Minnesota

corporation

By       Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                  day of
                            , 2014, by Amber N. Wildermuth, as Authorized
Signatory of Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

  Notary Public

 

23

--------------------------------------------------------------------------------

EXHIBIT A

(Legal Description)

 

24

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

FOURTH AMENDMENT TO DEED OF TRUST

AND ASSIGNMENT OF RENTS AND LEASES

 

DATE:                                , 2014

 

PARTIES: SCHUFF INTERNATIONAL, INC., a Delaware corporation

     SCHUFF STEEL COMPANY, a Delaware corporation

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (collectively, jointly and severally the “Trustor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC S4101-158

     Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in Pinal County, Arizona which was
recorded in the records of Pinal County, Arizona (the “Official Records”) at
Instrument No. 2009-013327, as amended (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

2.1 Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the

 

25

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original principal amount of $15,000,000.00, each made by Trustor, and the other
persons or entities listed on Schedule “B” attached hereto and by this reference
made a part hereof (hereinafter Trustor and such other persons individually and
collectively called “Borrower”), payable to the order of Beneficiary, evidencing
lines of credit, all or parts of which may be advanced to Borrower, repaid by
Borrower and readvanced to Borrower, from time to time, subject to the terms and
conditions thereof and/or of that Second Amended and Restated Credit and
Security Agreement dated August 14, 2013, as amended from time to time and as
amended and restated from time to time, by and between Borrower and Beneficiary
(hereinafter called the “Loan Agreement”), provided that the principal balance
outstanding at any time shall not exceed the sum set forth about in this
Paragraph 2.1, with interest thereon, extension and other fees, late charges,
prepayment premiums and attorneys’ fees, according to the terms thereof, and all
extensions, modifications, renewals or replacements thereof (hereinafter
collectively called the “Note”). The instruments detailed above bear interest at
a variable rate in accordance with the terms and provisions thereof which are by
this reference incorporated herein; and

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

26

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF INTERNATIONAL, INC., a Delaware

corporation

By       Its    

State of                             

County of                         

The foregoing instrument was acknowledged before me this                  day of
                            , 2014, by                             , the
                             of Schuff International, Inc., a Delaware
corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

  Notary Public

 

27

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SCHUFF STEEL COMPANY, a Delaware corporation By  

 

  Michael R. Hill   Its Vice President and CFO

State of                        

County of                        

The foregoing instrument was acknowledged before me this                     day
of                             , 2014, by Michael R. Hill, as Vice President and
CFO of Schuff Steel Company, a Delaware corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

28

--------------------------------------------------------------------------------

WELLS FARGO CREDIT, INC., a Minnesota corporation By  

 

 

Amber N. Wildermuth

 

Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                     
day of                             , 2014, by Amber N. Wildermuth, as Authorized
Signatory of Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

29

--------------------------------------------------------------------------------

EXHIBIT A

(Legal Description)

 

30

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

SECOND AMENDMENT TO DEED OF TRUST AND

ASSIGNMENT OF RENTS AND LEASES

 

DATE:                     , 2014

 

PARTIES: SCHUFF HOLDING CO., a Delaware corporation

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (“Trustor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC S4101-158

     Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in Maricopa County, Arizona which was
recorded in the records of Maricopa County, Arizona (the “Official Records”) at
Instrument No. 20120282395, as amended (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

(a) Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00, each
made by Trustor, and the other persons or entities listed on Schedule “B”
attached hereto and by this reference made a part hereof (hereinafter Trustor
and such other persons individually and collectively called “Borrower”), payable
to the order of Beneficiary, evidencing lines of credit, all or parts of which
may be advanced to Borrower, repaid by Borrower and readvanced to Borrower, from
time to time, subject to the terms and conditions thereof and/or of that Second
Amended and Restated Credit and Security Agreement dated August 14, 2013, as
amended from time to time and as amended and restated from time to time, by and
between Borrower and

 

31

--------------------------------------------------------------------------------

Beneficiary (hereinafter called the “Loan Agreement”), provided that the
principal balance outstanding at any time shall not exceed the sum set forth
about in this Paragraph 2.1, with interest thereon, extension and other fees,
late charges, prepayment premiums and attorneys’ fees, according to the terms
thereof, and all extensions, modifications, renewals or replacements thereof
(hereinafter collectively called the “Note”). The instruments detailed above
bear interest at a variable rate in accordance with the terms and provisions
thereof which are by this reference incorporated herein.

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

32

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF HOLDING CO., a Delaware corporation By      

Michael R. Hill

Its Vice President and CFO

State of                         

County of                     

The foregoing instrument was acknowledged before me this                  day of
                        , 2014, by Michael R. Hill, as Vice President and CFO of
Schuff Holding Co., a Delaware corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

Notary Public

 

33

--------------------------------------------------------------------------------

WELLS FARGO CREDIT, INC., a Minnesota

corporation

By  

 

  Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Amber N. Wildermuth, as Authorized Signatory of
Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

34

--------------------------------------------------------------------------------

EXHIBIT A

(Legal Description)

 

35

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

THIRD AMENDMENT TO DEED OF TRUST

AND ASSIGNMENT OF RENTS AND LEASES

 

DATE:   

                             , 2014

PARTIES:   

SCHUFF STEEL COMPANY, a Delaware corporation

1841 W. Buchanan Street

Phoenix, AZ 85007 (“Trustor”)

 

WELLS FARGO CREDIT, INC.

100 West Washington Street, 15th Floor

MAC S4101-158

Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in San Joaquin County, California which
was recorded in the records of San Joaquin County, California (the “Official
Records”) at Instrument No. 2009-185829 (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is hereby deleted and replaced as
follows:

(a) Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00, each
made by Trustor and the other persons or entities listed on Schedule “B”
attached hereto and by this reference made a part hereof (hereinafter Trustor
and such other persons individually and collectively called “Borrower”), payable
to the order of Beneficiary, evidencing lines of credit, all or parts of which
may be advanced to Borrower, repaid by Borrower and readvanced to Borrower, from
time to time, subject to the terms and conditions thereof and/or of that Second
Amended and Restated Credit and Security

 

36

--------------------------------------------------------------------------------

Agreement dated August 14, 2013, as amended from time to time and as amended and
restated from time to time, by and between Borrower and Beneficiary (hereinafter
called the “Loan Agreement”), provided that the principal balance outstanding at
any time shall not exceed the sum set forth about in this Paragraph 2.1, with
interest thereon, extension and other fees, late charges, prepayment premiums
and attorneys’ fees, according to the terms thereof, and all extensions,
modifications, renewals or replacements thereof (hereinafter collectively called
the “Note”). The instruments detailed above bear interest at a variable rate in
accordance with the terms and provisions thereof which are by this reference
incorporated herein; and

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

37

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF STEEL COMPANY, a Delaware

corporation

By  

 

  Michael R. Hill   Its Vice President and CFO

State of                             

County of                             

The foregoing instrument was acknowledged before me this                     
day of                     , 2014, by Michael R. Hill, as Vice President and CFO
of Schuff Steel Company, a Delaware corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

38

--------------------------------------------------------------------------------

WELLS FARGO CREDIT, INC., a Minnesota

corporation

By  

 

  Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                     
day of                     , 2014, by Amber N. Wildermuth, as Authorized
Signatory of Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

39

--------------------------------------------------------------------------------

EXHIBIT A

(Legal Description)

 

40

--------------------------------------------------------------------------------

This document was prepared by and

When recorded return to:

Thomas E. Halter

Gust Rosenfeld P.L.C.

One East Washington, Suite 1600

Phoenix, AZ 85004-2553

SEVENTH AMENDMENT TO REVOLVING REAL ESTATE MORTGAGE,

ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING

(FL-Addison)

THIS SEVENTH AMENDMENT TO REVOLVING REAL ESTATE MORTGAGE, ASSIGNMENT OF RENTS,
SECURITY AGREEMENT AND FIXTURE FILING (“Agreement”) is made as of the
             day of             , 2014, by and between WELLS FARGO CREDIT, INC.
(“Mortgagee”), whose mailing address is 100 West Washington Street, 15th Floor,
MAC #S4101-158, Phoenix, AZ 85003, and SCHUFF STEEL – ATLANTIC, LLC, a Florida
limited liability company, formerly known as Schuff Steel – Atlantic, Inc., a
Florida corporation, formerly known as Addison Steel, Inc. (“Mortgagor”), whose
address is 1841 W. Buchanan Street Phoenix, AZ 85007.

R E C I T A L S

Mortgagor has delivered to Mortgagee a Revolving Real Estate Mortgage,
Assignment of Rents, Security Agreement and Fixture Filing (the “Mortgage”) on
certain real property located in Orange County, Florida which was recorded in
the Public Records of Orange County, Florida as Instrument No. 20030564043 in
Official Records Book 07126, Page 0431, as amended from time to time (the
“Mortgage”).

1. The Mortgage is hereby amended as follows:

(a) The first paragraph of the Mortgage is deleted and replaced as follows:

THE TOTAL PRINCIPAL INDEBTEDNESS SECURED BY THIS MORTGAGE (EXCLUSIVE OF FUTURE
ADVANCES AND DISBURSEMENTS TO PAY TAXES, LEVIES OR INSURANCE ON THE PROPERTY OR
OTHERWISE TO PROTECT OR PRESERVE THE MORTGAGED PROPERTY) IS $75,000,000.00.
HOWEVER, MORTGAGEE’S RECOVERY UNDER THIS MORTGAGE AGAINST THE PREMISES, LEASES
AND RENTS IN RESPECT OF SUCH PRINCIPAL INDEBTEDNESS IS LIMITED TO $6,000,000.00.
ACCORDINGLY, DOCUMENTARY STAMP AND INTANGIBLES TAXES HAVE BEEN PAID BASED UPON
$6,000,000.00.

 

41

--------------------------------------------------------------------------------

(b) Section 2.1 is hereby deleted and replaced as follows:

2.1 Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00, made by
Mortgagor and the other persons or entities listed on Schedule “B” attached
hereto and by this reference made a part hereof (hereinafter Mortgagor and such
other persons and entities individually and collectively called “Borrower”),
each payable to the order of Mortgagee, evidencing lines of credit, all or parts
of which may be advanced to Borrower, repaid by Borrower and readvanced to
Borrower, from time to time, subject to the terms and conditions thereof and/or
of that Second Amended and Restated Credit and Security Agreement dated
August 14, 2013, as amended from time to time and as amended and restated from
time to time, by and between Borrower and Mortgagee (hereinafter called the
“Loan Agreement”), provided that the principal balance outstanding at any time
shall not exceed the sum set forth about in this Paragraph 2.1, with interest
thereon, extension and other fees, late charges, prepayment premiums and
attorneys’ fees, according to the terms thereof, and all extensions,
modifications, renewals or replacements thereof (hereinafter collectively called
the “Note”). The instruments detailed above bear interest at a variable rate in
accordance with the terms and provisions thereof which are by this reference
incorporated herein and the Third Replacement Revolving Note has a scheduled
maturity date of June 30, 2018, and the Real Estate Term Note and the Real
Estate (2) Term Note each have a scheduled maturity date of April 30, 2019.

2. Except as specifically modified herein, the Mortgage shall remain in full
force and effect unmodified in any way and nothing done pursuant hereto shall
impair or adversely affect or be construed as impairing or adversely affecting
the liens and security interests or the priority thereof over other liens and
security interests, or release or affect the liability of any party or parties
who may now or hereafter be liable under or on account of the loan.

3. This Agreement may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

4. This Agreement shall be binding upon, and shall inure to the benefit of
Mortgagor and Mortgagee and their respective successors and assigns.

Recorder’s Note: The principal indebtedness secured by this Agreement consists
of the principal indebtedness currently secured by the Mortgage, of which the
maximum amount recoverable is $6,000,000, upon which appropriate Documentary
Stamp Taxes and Intangible Taxes have been paid. Accordingly, no further
Documentary Stamp Taxes and Intangible Taxes are due.

[EXECUTION PAGES FOLLOW]

 

42

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties have executed this Agreement on the date and
year first set forth above.

 

SCHUFF STEEL – ATLANTIC, LLC, a Florida limited liability company By:  

 

  Michael R. Hill Its:   Vice President and CFO

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this     day of
            , 2014, by Michael R. Hill, as Vice President and CFO of Schuff
Steel – Atlantic, LLC, a Florida limited liability company, on behalf of the
limited liability company. He/she is personally known to me or has produced
                    as identification.

 

   Notary:                                     
                                         [NOTARIAL SEAL]   
Print Name:                                   
                                       
Notary Public, State of                                                         
My commission expires:                                                   

 

43

--------------------------------------------------------------------------------

WELLS FARGO CREDIT, INC., a Minnesota corporation By:  

 

  Amber N. Wildermuth Its:   Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this      day
of            , 2014, by Amber N. Wildermuth, as Authorized Signatory of Wells
Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.
He/she is personally known to me or has produced                     as
identification.

 

   Notary:                                     
                                         [NOTARIAL SEAL]   
Print Name:                                   
                                       
Notary Public, State of                                                         
My commission expires:                                                   

 

44

--------------------------------------------------------------------------------

EXHIBIT A

(Legal Description)

 

45

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

SEVENTH AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF RENTS,

SECURITY AGREEMENT AND FIXTURE FILING

 

DATE:                        , 2014 PARTIES:   

SCHUFF STEEL – GULF COAST, INC., a Delaware corporation

(formerly known as Six Industries, Inc.)

1841 W. Buchanan Street

Phoenix, AZ 85007 (“Grantor”)

  

WELLS FARGO CREDIT, INC.

100 West Washington Street, 15th Floor

MAC S4101-158

Phoenix, AZ 85003 (“Beneficiary”)

  

JEFF DAHLEN C/O STEWART TITLE

Natl. Title Service Center

2 North La Salle St., Suite 1400

Chicago, IL 60602 (“Trustee”)

Grantor has granted to Trustee, on behalf of Beneficiary a Deed of Trust,
Assignment of Rents, Security Agreement and Fixture Filing on certain real
property located in Harris County, Texas which was recorded in the records of
Harris County, Texas (the “Official Records”) at Instrument No. 300237058, as
amended (the “Deed of Trust”).

Grantor and Beneficiary have executed this Eighth Amendment to Deed of Trust to
modify the Deed of Trust as follows:

1. Section 2.1 of the Deed of Trust is deleted and replaced as follows:

2.1 Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00, made by
Grantor, and the other persons or entities listed on Schedule “B” attached
hereto and by this reference made a part hereof (hereinafter Grantor and such
other

 

46

--------------------------------------------------------------------------------

persons individually and collectively called “Borrower”), payable to the order
of Beneficiary, evidencing lines of credit, all or parts of which may be
advanced to Borrower, repaid by Borrower and readvanced to Borrower, from time
to time, subject to the terms and conditions thereof and/or of that Second
Amended and Restated Credit and Security Agreement dated August 14, 2013, as
amended from time to time and as amended and restated from time to time, by and
between Borrower and Beneficiary (hereinafter called the “Loan Agreement”),
provided that the principal balance outstanding at any time shall not exceed the
sum set forth about in this Paragraph 2.1, with interest thereon, extension and
other fees, late charges, prepayment premiums and attorneys’ fees, according to
the terms thereof, and all extensions, modifications, renewals or replacements
thereof (hereinafter collectively called the “Note”). The instruments detailed
above bear interest at a variable rate in accordance with the terms and
provisions thereof which are by this reference incorporated herein.

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

47

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed to
of Trust on the date first set forth above.

 

SCHUFF STEEL – GULF COAST, INC., a Delaware corporation By:  

 

  Michael R. Hill Its:   Vice President and CFO

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                     
day of             , 2014, by Michael R. Hill, as Vice President and CFO of Gulf
Coast – Inc., a Delaware corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

 

Notary Public

 

48

--------------------------------------------------------------------------------

WELLS FARGO CREDIT, INC., a Minnesota corporation By  

 

  Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                     
day of             , 2014, by Amber N. Wildermuth, as Authorized Signatory of
Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

 

Notary Public

 

49

--------------------------------------------------------------------------------

TRUSTEE

 

Jeff Dahlen

State of Illinois

County of Cook

The foregoing instrument was acknowledged before me this                     
day of                     , 2014, by Jeff Dahlen,

(Seal and Expiration Date)

 

 

Notary Public

 

50

--------------------------------------------------------------------------------

EXHIBIT A

(Legal Description)

 

51

--------------------------------------------------------------------------------

Prepared By

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

  

Cross Reference

Deed to Secure Debt and Security Agreement

recorded in Deed Book 2656, Page 035,

Dougherty County, Georgia Public Records

EIGHTH AMENDMENT TO DEED TO SECURE DEBT AND SECURITY AGREEMENT

 

DATE:                                 , 2014

 

PARTIES: SCHUFF STEEL – ATLANTIC, LLC, a Florida limited liability

     company, formerly known as Schuff Steel – Atlantic, Inc., a Florida

     corporation, formerly known as Addison Steel, Inc.

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (“Debtor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC #S4101-158

     Phoenix, AZ 85003 (“Lender”)

Debtor has granted to Lender a Deed To Secure Debt and Security Agreement (the
“Deed to Secure Debt”) on certain real property located in Dougherty County,
Georgia, described on Exhibit A which was dated August 13, 2003, and recorded
in the records of Dougherty County, Georgia at Book 2656, page 035, as amended.

Debtor and Lender have executed this Eighth Amendment to Deed to Secure Debt
(the “Amendment”) to modify the Deed to Secure Debt as follows:

Section 2.1 of the Deed to Secure Debt is hereby deleted and replaced as
follows:

2.1 Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00 made by
Grantor, and the other persons or entities listed on Schedule “C” attached
hereto and by this reference made a part hereof (hereinafter Trustor and such
other persons individually and collectively called “Borrower”), payable to the
order of Lender, evidencing lines of credit, all or parts of which may be
advanced to Borrower, repaid by Borrower and readvanced to Borrower, from time
to time, subject to the terms and conditions thereof and/or of that Second
Amended and Restated Credit and Security Agreement dated August 14, 2013,

 

52

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as amended from time to time and as amended and restated from time to time, by
and between Borrower and Beneficiary (hereinafter called the “Loan Agreement”),
provided that the principal balance outstanding at any time shall not exceed the
sum set forth about in this Paragraph, with interest thereon, extension and
other fees, late charges, prepayment premiums and attorneys’ fees, according to
the terms thereof, and all extensions, modifications, renewals or replacements
thereof (hereinafter collectively called the “Note”). All of the instruments
detailed above bear interest at a variable rate in accordance with the terms and
provisions thereof which are by this reference incorporated herein.

Except as specifically modified herein, the Deed to Secure Debt shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the loan.

This Amendment may be executed in any number of counterparts, which counterparts
when combined together shall constitute an original document.

This Amendment shall be binding upon, and shall inure to the benefit of Debtor
and Lender and their respective successors and assigns.

[EXECUTION PAGE FOLLOWS]

 

53

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed to
Secure Debt on the date first set forth above.

 

Signed, sealed and delivered

in the presence of:

   

DEBTOR:

 

SCHUFF STEEL—ATLANTIC, LLC,

a Florida limited liability company

 

Unofficial Witness

          By:  

 

 

Notary Public [Affix seal and state

date of expiration of commission]

   

Name: Michael R. Hill

Title: Vice President and CFO

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                     
day of                                 , 2014, by Michael R. Hill, as Vice
President and CFO of Schuff Steel—Atlantic, LLC, a Florida limited liability
company, on behalf of the company.

(Seal and Expiration Date)

 

 

Notary Public

 

54

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Signed, sealed and delivered

in the presence of:

    LENDER:     WELLS FARGO CREDIT, INC.,

 

    a Minnesota corporation Unofficial Witness      

 

    By:  

 

Notary Public [Affix seal and state     Name:   Amber N. Wildermuth date of
expiration of commission]     Title:   Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Amber N. Wildermuth, as the Authorized Signatory
of Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

55

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EXHIBIT A

(Legal Description)

 

56

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When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One E. Washington, Suite 1600

Phoenix, Arizona 85004-2553

FOURTH AMENDMENT TO DEED OF TRUST

AND ASSIGNMENT OF RENTS AND LEASES

DATE:                     , 2014

 

PARTIES:   

SCHUFF STEEL – GULF COAST, INC., a Delaware corporation

(formerly known as Six Industries, Inc.)

1841 W. Buchanan Street

Phoenix, AZ 85007 (“Grantor”)

  

WELLS FARGO CREDIT, INC.

100 West Washington Street, 15th Floor

MAC S4101-158

Phoenix, AZ 85003 (“Beneficiary”)

  

JEFF DAHLEN C/O STEWART TITLE

Natl. Title Service Center

2 North La Salle St., Suite 1400

Chicago, IL 60602 (“Trustee”)

Grantor has granted to Trustee, on behalf of Beneficiary a Deed of Trust and
Assignment of Rents and Leases on certain real property located in Harris
County, Texas which was recorded in the records of Harris County, Texas (the
“Official Records”) at Instrument No. 20090064528, as amended (the “Deed of
Trust”).

The obligations secured by the Deed of Trust have been modified.

Grantor and Beneficiary have executed this Fourth Amendment to Deed of Trust to
modify the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

2.1 Payment of the sum of Seventy-Five Million Dollars ($75,000,000.00)
according to the terms of (i) that Third Replacement Revolving Promissory Note
in the original principal amount of $50,000,000.00, (ii) that Real Estate Term
Note in the original principal amount of $10,000,000.00, and (iii) that Real
Estate (2) Term Note in the original principal amount of $15,000,000.00, each
made by Grantor, and the other persons or entities listed on Schedule “B”
attached hereto and by this

 

57

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reference made a part hereof (hereinafter Grantor and such other persons
individually and collectively called “Borrower”), payable to the order of
Beneficiary, evidencing lines of credit, all or parts of which may be advanced
to Borrower, repaid by Borrower and readvanced to Borrower, from time to time,
subject to the terms and conditions thereof and/or of that Second Amended and
Restated Credit and Security Agreement dated August 14, 2013, as amended from
time to time and as amended and restated from time to time, by and between
Borrower and Beneficiary (hereinafter called the “Loan Agreement”), provided
that the principal balance outstanding at any time shall not exceed the sum set
forth about in this Paragraph 2.1, with interest thereon, extension and other
fees, late charges, prepayment premiums and attorneys’ fees, according to the
terms thereof, and all extensions, modifications, renewals or replacements
thereof (hereinafter collectively called the “Note”). The instruments detailed
above bear interest at a variable rate in accordance with the terms and
provisions thereof which are by this reference incorporated herein; and

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

58

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IN WITNESS WHEREOF, Grantor has executed this Deed of Trust as of the date first
set forth above.

 

Grantor    

Address

SCHUFF STEEL – GULF COAST, INC., a
Delaware corporation     1841 W. Buchanan Street
Phoenix, AZ 85007 By:  

 

      Michael R. Hill     Its:   Vice President and CFO    

STATE OF                     )

                                         ) ss.

COUNTY OF                 )

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Michael R. Hill, as Vice President and CFO of
Schuff Steel – Gulf Coast, Inc., a Delaware corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

59

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WELLS FARGO CREDIT, INC.       Address          Wells Fargo Credit, Inc.      
   MAC S4101-076 By   

 

      100 West Washington Street, 7th Floor    Amber N. Wildermuth      
Phoenix, AZ 85003 Its    Authorized Signatory      

STATE OF ARIZONA            )

                                                   ) ss.

COUNTY OF MARICOPA     )

The foregoing instrument was acknowledged before me this                  day of
                    , 2014, by Amber N. Wildermuth, as Authorized Signatory of
Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

60

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TRUSTEE

 

Jeff Dahlen

State of Illinois

County of Cook

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Jeff Dahlen, Trustee.

(Seal and Expiration Date)

 

 

Notary Public

 

61

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EXHIBIT A

(Legal Description)

 

62

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Prepared by and After

Recording, Return To:

Thomas E. Halter

Gust Rosenfeld P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

SIXTH AMENDMENT TO MORTGAGE, ASSIGNMENT OF

RENTS AND SECURITY AGREEMENT

 

DATE:                             , 2014

 

PARTIES: SCHUFF STEEL COMPANY

     1841 West Buchanan Street

     Phoenix, Arizona 85007 (“Debtor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC #S4101-158

     Phoenix, AZ 85003 (“Lender”)

Debtor has granted to Lender a Mortgage, Assignment of Rents and Security
Agreement (the “Mortgage”) on certain real property located in Franklin County,
Kansas, described on Exhibit A which was dated August 22, 2006, and recorded
in the records of Franklin County, Kansas (the “Official Records”) at Book 429,
Page 301, Instrument No. 4287, as amended.

Debtor and Lender have executed this Amendment to modify the Mortgage as
follows:

1. Recital A of the Mortgage is hereby deleted and replaced as follows:

A. Mortgagee has agreed to provide certain credit facilities to Mortgagor
pursuant to an Amended and Restated Credit and Security Agreement dated
December 18, 2008, as amended from time to time and as amended and restated from
time to time (the “Credit Agreement”) consisting of a variable interest rate
revolving line of credit in the original principal amount of $60,000,000.00, a
variable interest real estate term loan in the original principal amount of
$10,000,000.00 and a variable interest real estate term loan in the original
principal amount of $15,000,000.00 (collectively, the “Loan”). The Loan is
evidenced by (i) that certain Third Replacement Revolving Note in the original
principal amount of $60,000,000.00, and having a final maturity date of June 30,
2018, (ii) that certain Real Estate Term Note dated August 14, 2013 in the
original principal amount of $10,000,000.00 having a final maturity date of

 

63

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April 30, 2019, and that certain Real Estate (2) Term Note dated
                             in the original principal amount of $15,000,000.00
having a final maturity date of April 30, 2019 (which notes, together with notes
issued in substitution or exchange therefor and all amendments thereto, are
hereinafter referred to collectively as the “Note”). The Notes were made by
Mortgagee and the persons or entities described in Schedule 1.1 attached hereto
(collectively, the “Borrower”) in favor of Mortgagee.

2. Except as specifically modified herein, the Mortgage shall remain in full
force and effect unmodified in any way and nothing done pursuant hereto shall
impair or adversely affect or be construed as impairing or adversely affecting
the liens and security interests or the priority thereof over other liens and
security interests, or release or affect the liability of any party or parties
who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

64

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment on the date
first set forth above.

 

DEBTOR: SCHUFF STEEL COMPANY, a Delaware corporation By:  

 

Name:   Michael R. Hill Title:   Vice President and CFO

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this              day of
                            , 2014, by Michael R. Hill, as Vice President and
CFO of Schuff Steel Company, a Delaware corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

65

--------------------------------------------------------------------------------

LENDER

 

WELLS FARGO CREDIT, INC., a Minnesota corporation

By

     

Amber N. Wildermuth

 

Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Amber N. Wildermuth, as Authorized Signatory of
Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

66

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EXHIBIT A

(Legal Description)

 

67

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

(Rainbow Rd & Southern)

FIRST AMENDMENT TO DEED OF TRUST AND ASSIGNMENT

OF RENTS AND LEASES

 

DATE:                                 , 2014

 

PARTIES: SCHUFF STEEL COMPANY, a Delaware corporation

1841 W. Buchanan Street

Phoenix, AZ 85007 (“Trustor”)

WELLS FARGO CREDIT, INC.

100 West Washington Street, 15th Floor

MAC S4101-158

Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in Maricopa County, Arizona which was
recorded in the records of Maricopa County, Arizona (the “Official Records”) at
Instrument No. 2014 0088581, as amended (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

(a) Payment of the sum of $75,000,000.00 according to the terms of (i) that
Third Replacement Revolving Promissory Note in the original principal amount of
$50,000,000.00, (ii) that Real Estate Term Note in the original principal amount
of $10,000,000.00, and (iii) that certain Real Estate (2) Term Note in the
original principal amount of $15,000,000.00, each made by the other persons or
entities listed on Schedule “B” attached hereto and by this reference made a
part hereof (hereinafter such persons individually and collectively called
“Borrower”), payable to the order of Beneficiary, evidencing lines of credit,
all or parts of which may be advanced to Borrower, repaid by Borrower and
readvanced to Borrower, from time to time, subject to the terms

 

68

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and conditions thereof and/or of that Second Amended and Restated Credit and
Security Agreement dated August 14, 2013, as amended from time to time and as
amended and restated from time to time, by and between Borrower and Beneficiary
(hereinafter called the “Loan Agreement”), with interest thereon, extension and
other fees, late charges, prepayment premiums and attorneys’ fees, according to
the terms thereof, and all extensions, modifications, renewals or replacements
thereof (hereinafter collectively, the “Note”). The instruments detailed above
bear interest at a variable rate in accordance with the terms and provisions
thereof which are by this reference incorporated herein; and

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

69

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF STEEL COMPANY, a Delaware corporation

By

     

Michael R. Hill

 

Its Vice President and CFO

State of                                     

County of                                 

The foregoing instrument was acknowledged before me this                     
day of                     , 2014, by Michael R. Hill, as Vice President and CFO
of Schuff Steel Company, a Delaware corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

70

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WELLS FARGO CREDIT, INC., a Minnesota corporation

By

     

Amber N. Wildermuth

 

Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                     
day of                     , 2014, by Amber N. Wildermuth, as Authorized
Signatory of Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the
corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

71

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EXHIBIT A

(Legal Description)

 

72

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

(19th Ave. & Buchanan)

FIRST AMENDMENT TO DEED OF TRUST AND ASSIGNMENT

OF RENTS AND LEASES

 

DATE:                                 , 2014

 

PARTIES: SCHUFF STEEL COMPANY, a Delaware corporation

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (“Trustor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC S4101-158

     Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in Maricopa County, Arizona which was
recorded in the records of Maricopa County, Arizona (the “Official Records”) at
Instrument No. 2014 0088582, as amended (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

(a) Payment of the sum of $75,000,000.00 according to the terms of (i) that
Third Replacement Revolving Promissory Note in the original principal amount of
$50,000,000.00, (ii) that Real Estate Term Note in the original principal amount
of $10,000,000.00, and (iii) that certain Real Estate (2) Term Note in the
original principal amount of $15,000,000.00, each made by the other persons or
entities listed on Schedule “B” attached hereto and by this reference made a
part hereof (hereinafter such persons individually and collectively called
“Borrower”), payable to the order of Beneficiary, evidencing lines of credit,
all or parts of which may be advanced to Borrower, repaid by Borrower and
readvanced to Borrower, from time to time, subject to the terms

 

73

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and conditions thereof and/or of that Second Amended and Restated Credit and
Security Agreement dated August 14, 2013, as amended from time to time and as
amended and restated from time to time, by and between Borrower and Beneficiary
(hereinafter called the “Loan Agreement”), with interest thereon, extension and
other fees, late charges, prepayment premiums and attorneys’ fees, according to
the terms thereof, and all extensions, modifications, renewals or replacements
thereof (hereinafter collectively, the “Note”). The instruments detailed above
bear interest at a variable rate in accordance with the terms and provisions
thereof which are by this reference incorporated herein; and

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

74

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF STEEL COMPANY, a Delaware corporation

By

      Michael R. Hill   Its Vice President and CFO

State of                             

County of                             

The foregoing instrument was acknowledged before me this                  day of
                , 2014, by Michael R. Hill, as Vice President and CFO of Schuff
Steel Company, a Delaware corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

75

--------------------------------------------------------------------------------

WELLS FARGO CREDIT, INC., a Minnesota corporation

By

      Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this                  day of
                , 2014, by Amber N. Wildermuth, as Authorized Signatory of Wells
Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

76

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EXHIBIT A

(Legal Description)

 

77

--------------------------------------------------------------------------------

When recorded return to:

Thomas E. Halter

Gust Rosenfeld, P.L.C.

One East Washington, Suite 1600

Phoenix, Arizona 85004-2553

(Mesa Condo)

FIRST AMENDMENT TO DEED OF TRUST AND ASSIGNMENT

OF RENTS AND LEASES

DATE:                         , 2014

 

PARTIES: SCHUFF STEEL MANAGEMENT COMPANY -

     SOUTHWEST, INC., a Delaware corporation

     1841 W. Buchanan Street

     Phoenix, AZ 85007 (“Trustor”)

 

     WELLS FARGO CREDIT, INC.

     100 West Washington Street, 15th Floor

     MAC S4101-158

     Phoenix, AZ 85003 (“Beneficiary”)

Trustor has granted to Beneficiary a Deed of Trust and Assignment of Rents and
Leases on certain real property located in Maricopa County, Arizona which was
recorded in the records of Maricopa County, Arizona (the “Official Records”) at
Instrument No. 2014 0088580, as amended (the “Deed of Trust”).

Trustor and Beneficiary have executed this Amendment to Deed of Trust to modify
the Deed of Trust as follows:

1. Section 2.1(a) of the Deed of Trust is deleted and replaced as follows:

(a) Payment of the sum of $75,000,000.00 according to the terms of (i) that
Third Replacement Revolving Promissory Note in the original principal amount of
$50,000,000.00, (ii) that Real Estate Term Note in the original principal amount
of $10,000,000.00, and (iii) that certain Real Estate (2) Term Note in the
original principal amount of $15,000,000.00, each made by the other persons or
entities listed on Schedule “B” attached hereto and by this reference made a
part hereof (hereinafter such persons individually and collectively called
“Borrower”), payable to the order of Beneficiary, evidencing lines of credit,
all or parts of which may be advanced to Borrower, repaid by Borrower and

 

78

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readvanced to Borrower, from time to time, subject to the terms and conditions
thereof and/or of that Second Amended and Restated Credit and Security Agreement
dated August 14, 2013, as amended from time to time and as amended and restated
from time to time, by and between Borrower and Beneficiary (hereinafter called
the “Loan Agreement”), with interest thereon, extension and other fees, late
charges, prepayment premiums and attorneys’ fees, according to the terms
thereof, and all extensions, modifications, renewals or replacements thereof
(hereinafter collectively, the “Note”). The instruments detailed above bear
interest at a variable rate in accordance with the terms and provisions thereof
which are by this reference incorporated herein; and

2. Except as specifically modified herein, the Deed of Trust shall remain in
full force and effect unmodified in any way and nothing done pursuant hereto
shall impair or adversely affect or be construed as impairing or adversely
affecting the liens and security interests or the priority thereof over other
liens and security interests, or release or affect the liability of any party or
parties who may now or hereafter be liable under or on account of the Loan.

3. This Amendment may be executed in any number of counterparts, which
counterparts when combined together shall constitute an original document.

[EXECUTION PAGES FOLLOW]

 

79

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IN WITNESS WHEREOF, the parties hereof have executed this Amendment to Deed of
Trust on the date first set forth above.

 

SCHUFF STEEL MANAGEMENT COMPANY

- SOUTHWEST, INC., a Delaware corporation

By  

 

  Michael R. Hill   Its Vice President and CFO

State of                         

County of                     

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Michael R. Hill, as Vice President and CFO of
Schuff Steel Management Company - Southwest, Inc., a Delaware corporation, on
behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

80

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WELLS FARGO CREDIT, INC., a Minnesota

corporation

By       Amber N. Wildermuth   Its Authorized Signatory

State of Arizona

County of Maricopa

The foregoing instrument was acknowledged before me this              day of
                    , 2014, by Amber N. Wildermuth, as Authorized Signatory of
Wells Fargo Credit, Inc., a Minnesota corporation, on behalf of the corporation.

(Seal and Expiration Date)

 

 

Notary Public

 

81

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EXHIBIT A

(Legal Description)

 

82