Exhibit 10.20

AMENDMENT NO. 1

Dated as of January 16, 2009

to

LOAN AGREEMENT

Dated as of June 19, 2006

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of January 16, 2009 by and
among H.B. Fuller Company (the “Company”), the financial institutions listed on
the signature pages hereof (the “Lenders”) and JPMorgan Chase Bank, National
Association, as Administrative Agent (the “Agent”), under that certain Loan
Agreement dated as of June 19, 2006 by and among the Company, the Lenders and
the Agent (the “Loan Agreement”). Defined terms used herein and not otherwise
defined herein shall have the respective meanings given to them in the Loan
Agreement.

WHEREAS, the Company, the Lenders party hereto and the Agent have agreed to
amend the Loan Agreement on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company, the
Lenders party hereto and the Agent have agreed to the following amendments to
the Loan Agreement.

1. Amendments to Loan Agreement. Effective as of November 28, 2008 but subject
to the satisfaction of the conditions precedent set forth in Section 2 below,
the Loan Agreement is hereby amended as follows:

(a) The definition of “Alternate Base Rate” appearing in Section 1.01 of the
Loan Agreement is hereby amended and restated in its entirety to read as
follows:

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest
of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective
Rate in effect on such day plus  1/2 of 1% and (c) the Adjusted LIBO Rate for a
one month Interest Period on such day (or if such day is not a Business Day, the
immediately preceding Business Day) plus 1%, provided that, for the avoidance of
doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing
on the Reuters BBA Libor Rates Page 3750 (or on any successor or substitute page
of such page) at approximately 11:00 a.m. London time on such day. Any change in
the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds
Effective Rate or the Adjusted LIBO Rate shall be effective from and including
the effective date of such change in the Prime Rate, the Federal Funds Effective
Rate or the Adjusted LIBO Rate, respectively.

(b)The definition of “Consolidated EBITDA” appearing in Section 1.01 of the Loan
Agreement is hereby amended to add the following as a new clause (iv) thereof:

(iv) non-cash impairment losses related to long-lived assets, intangible assets
or goodwill,

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(c) The definition of “LIBO Rate” appearing in Section 1.01 of the Loan
Agreement is hereby amended to delete the phrase “Page 3750 of the Dow Jones
Market Service” appearing therein and to replace such phrase with the phrase
“Reuters BBA Libor Rates Page 3750”.

2. Conditions of Effectiveness. The effectiveness of this Amendment is subject
to the conditions precedent that the Agent shall have received (i) counterparts
of this Amendment duly executed by the Company, the Required Lenders and the
Agent and the Consent and Reaffirmation attached hereto duly executed by the
Subsidiary Guarantors, (ii) such other instruments and documents as are
reasonably requested by the Agent, (iii) from the Company for the account of
each Lender that executes and delivers its signature page hereto by such time as
is requested by the Agent, an amendment fee equal to an amount specified by the
Agent and (iv) from the Company payment and/or reimbursement of the Agent’s and
its affiliates’ fees and reasonable out-of-pocket expenses (including reasonable
legal fees and expenses) in connection with this Amendment.

3. Representations and Warranties of the Company. The Company hereby represents
and warrants as follows:

(a) This Amendment and the Loan Agreement as amended hereby constitute legal,
valid and binding obligations of the Company and are enforceable against the
Company in accordance with their terms.

(b) As of the date hereof and giving effect to the terms of this Amendment,
(i) there exists no Default or Event of Default and (ii) the representations and
warranties contained in Article III of the Loan Agreement, as amended hereby,
are true and correct, except for representations and warranties made with
reference solely to an earlier date.

4. Reference to and Effect on the Loan Agreement.

(a) Upon the effectiveness of Section 1 hereof, each reference to the Loan
Agreement in the Loan Agreement or any other Loan Document shall mean and be a
reference to the Loan Agreement as amended hereby.

(b) Except as specifically amended above, the Loan Agreement and all other
documents, instruments and agreements executed and/or delivered in connection
therewith shall remain in full force and effect and are hereby ratified and
confirmed.

(c) The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Agent or the Lenders,
nor constitute a waiver of any provision of the Loan Agreement or any other
documents, instruments and agreements executed and/or delivered in connection
therewith.

5. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

6. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

 

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7. Counterparts. This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

H.B. FULLER COMPANY,
as the Company

By:  

/s/ Cheryl A. Reinitz

Name:   Cheryl A. Reinitz Title:   Vice President, Treasurer

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as a Lender and as Administrative Agent

By:  

/s/ Mike Kelly

Name:   Mike Kelly Title:   Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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CITIBANK, N.A.,
as a Lender and as Syndication Agent

By:

 

/s/ Joronne Jeter

Name:

  Joronne Jeter

Title:

  Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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ABN AMRO BANK, N.V.,
individually as a Lender and as Co-Documentation Agent

By:  

/s/ Michele Costello

Name:   Michele Costello Title:   Director By:  

/s/ Nick Zorin

Name:   Nick Zorin Title:   Assistant Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., CHICAGO BRANCH
individually as a Lender and as Co-Documentation Agent

By:  

/s/ Victor Pierzchalski

Name:   Victor Pierzchalski Title:   Authorized Signatory

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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BANK OF AMERICA, N.A.,
individually as a Lender

By:  

/s/ Kenneth S. Struglia

Name:   Kenneth S. Struglia Title:   Managing Director

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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U.S. BANK NATIONAL ASSOCIATION,
individually as a Lender

By:  

/s/ Karen Weathers

Name:   Karen Weathers Title:   Senior Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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WELLS FARGO BANK, NATIONAL ASSOCIATION,
individually as a Lender

By:  

/s/ Brian Buck

Name:   Brian Buck Title:   Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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THE NORTHERN TRUST COMPANY,
individually as a Lender

By:  

/s/ Anu Agarwal

Name:   Anu Agarwal Title:   Second Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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KEYBANK NATIONAL ASSOCIATION,
individually as a Lender

By:  

/s/ Brian P. Fox

Name:   Brian P. Fox Title:   Assistant Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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PNC BANK NATIONAL ASSOCIATION,
individually as a Lender

By:  

/s/ Philip K. Liebscher

Name:   Philip K. Liebscher Title:   Senior Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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NATIONAL CITY BANK OF THE MIDWEST,
individually as a Lender

By:  

/s/ Derek R. Cook

Name:   Derek R. Cook Title:   Senior Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Loan Agreement dated as of June 19, 2006

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CONSENT AND REAFFIRMATION

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing
Amendment No. 1 to the Loan Agreement dated as of June 19, 2006 (as the same may
be amended, restated, supplemented or otherwise modified from time to time, the
“Loan Agreement”) by and among H.B. Fuller Company (the “Company”), the
financial institutions from time to time party thereto (the “Lenders”) and
JPMorgan Chase Bank, National Association, in its individual capacity as a
Lender and in its capacity as contractual representative (the “Agent”), which
Amendment No. 1 is dated as of January 16, 2009 (the “Amendment”). Capitalized
terms used in this Consent and Reaffirmation and not defined herein shall have
the meanings given to them in the Loan Agreement. Without in any way
establishing a course of dealing by the Agent or any Lender, each of the
undersigned consents to the Amendment and reaffirms the terms and conditions of
the Subsidiary Guaranty and any other Loan Document executed by it and
acknowledges and agrees that such agreement and each and every such Loan
Document executed by the undersigned in connection with the Loan Agreement
remains in full force and effect and is hereby reaffirmed, ratified and
confirmed. All references to the Loan Agreement contained in the
above-referenced documents shall be a reference to the Loan Agreement as so
modified by the Amendment and as the same may from time to time hereafter be
amended, modified or restated.

Dated: January 16, 2009

 

SPECIALTY CONSTRUCTION BRANDS, INC. By:  

/s/ Cheryl A. Reinitz

Name:   Cheryl A. Reinitz Title:   Vice President, Treasurer