EX-10.12



 Exhibit 10.12 

FOUNDATION BUILDING MATERIALS, INC. 

GRANT NOTICE FOR 2017 STOCK INCENTIVE PLAN RESTRICTED STOCK AWARD 

FOR GOOD AND VALUABLE CONSIDERATION, Foundation Building Materials, Inc. (the “Company”), hereby grants to Participant named below the number of
restricted shares of the Company’s common stock, par value $0.001 (the “Common Stock”) specified below (the “Award”), upon the terms and subject to the conditions set forth in this Grant Notice, the Foundation Building
Materials, Inc. 2017 Stock Incentive Plan (the “Plan”) and the Standard Terms and Conditions (the “Standard Terms and Conditions”) promulgated under such Plan, each as amended from time to time. This Award is granted pursuant to
the Plan and is subject to and qualified in its entirety by the Standard Terms and Conditions. 
  

			
	 	 
	
Name of Participant:
	 	 
	 	 
	
Grant Date:
	 	 
	 	 
	
Number of shares of restricted stock:
	 	 
	 	 
	
Vesting Schedule:
	 	 

 By accepting this Grant Notice, Participant acknowledges that he or she has received and read, and agrees that this Award
shall be subject to, the terms of this Grant Notice, the Plan and the Standard Terms and Conditions. 
  

									
	FOUNDATION BUILDING MATERIALS, INC.	 		 		 	  

		 		 		 		 	Participant Signature
	By	 	  
	 		 		 	
	Title:	 	  
	 		 		 	Address (please print):
		 		 		 		 	  

		 		 		 		 	  

		 		 		 		 	  









 FOUNDATION BUILDING MATERIALS, INC. 

STANDARD TERMS AND CONDITIONS FOR 

RESTRICTED STOCK 
 These Standard Terms and
Conditions apply to the Award of restricted stock granted pursuant to the Foundation Building Materials, Inc. 2017 Stock Incentive Plan (the “Plan”), which are evidenced by a Grant Notice or an action of the Committee that specifically
refers to these Standard Terms and Conditions. In addition to these Terms and Conditions, the restricted stock shall be subject to the terms of the Plan, which are incorporated into these Standard Terms and Conditions by this reference. Capitalized
terms not otherwise defined herein shall have the meaning set forth in the Plan. 
  

	1.	TERMS OF RESTRICTED STOCK 

 Foundation Building Materials, Inc. (the
“Company”), has granted to the Participant named in the Grant Notice provided to said Participant herewith (the “Grant Notice”) an award of a number of restricted shares (the “Award” or the “Restricted Stock”)
of the Company’s common stock, par value $0.001 (the “Common Stock”) specified in the Grant Notice. The Award is subject to the conditions set forth in the Grant Notice, these Standard Terms and Conditions, and the Plan, each as
amended from time to time. For purposes of these Standard Terms and Conditions and the Grant Notice, any reference to the Company shall include a reference to any Subsidiary. 
  


	2.	VESTING OF RESTRICTED STOCK 

 The Award shall not be vested as of the Grant Date set
forth in the Grant Notice and shall be forfeitable unless and until otherwise vested pursuant to the terms of the Grant Notice and these Standard Terms and Conditions. After the Grant Date, subject to termination or acceleration as provided in these
Standard Terms and Conditions and the Plan, the Award shall become vested as described in the Grant Notice with respect to that number of shares of Restricted Stock as set forth in the Grant Notice. 

Shares of Restricted Stock that have vested and are no longer subject to forfeiture are referred to herein as “Vested Shares.” Shares
of Restricted Stock awarded hereunder that are not vested and remain subject to forfeiture are referred to herein as “Unvested Shares.” Notwithstanding anything contained in these Standard Terms and Conditions to the contrary, upon
Participant’s Termination of Employment due to Participant’s death or Disability, or upon a Termination of Employment by the Company without Cause within 24 months following the occurrence of a Change in Control, all Unvested Shares shall
become vested on the date of such Termination of Employment. Upon Participant’s Termination of Employment due to Retirement, and subject to Participant’s execution and nonrevocation of a general release of claims in a form provided by the
Company, Participant shall be vested in a pro-rated number of shares of Restricted Stock subject to this Award (after taking into account any shares of Restricted Stock already vested) that is calculated by
multiplying: (i) the number of shares of Restricted Stock subject to this Award by (ii) a fraction, the numerator of which is the number of whole months of continuous service with the Company actually








 
completed by Participant during the vesting period set forth in the Grant Notice and the denominator of which is the total number of whole months in the vesting period set forth on the Grant
Notice. Upon Participant’s Termination of Employment for any other reason, including a Termination of Employment by the Company without Cause that occurs prior to the occurrence of a Change in Control, any then Unvested Shares held by the
Participant shall be forfeited and canceled as of the date of such Termination of Employment. For purposes hereof, a Change in Control (as defined in the Plan) will not be deemed to occur until such date as the Company is no longer a controlled
company of Lone Star Fund IX (U.S.), L.P. 
  

	3.	RIGHTS AS STOCKHOLDER 

 From and after the Grant Date, the Participant shall have all of
the ownership, voting rights, dividend rights and all other rights of a stockholder of the Company with respect to the Restricted Stock, except that (i) such rights as to Unvested Shares shall terminate upon the forfeiture of such Unvested
Shares as and to the extent specifically provided in Section 2 above and (ii) dividends payable in cash shall, with respect to any Unvested Shares, be automatically reinvested in additional shares of Common Stock at a purchase price per
share equal to the Fair Market Value of a share of Common Stock on the date such dividend is paid; provided, however that any fractional share shall be rounded up to a whole share. Any additional shares of Common Stock accrued for the Participant
through dividends on Unvested Shares, whether through reinvestment or through a dividend paid in shares of Common Stock, shall be subject to the same restrictions on transferability and risk of forfeiture as the Unvested Shares with respect to which
they were distributed. 
  

	4.	RESTRICTIONS ON RESALES OF SHARES 

 The Company may impose such restrictions, conditions
or limitations as it determines appropriate as to the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any Vested Shares, including without limitation (a) restrictions under an insider
trading policy, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by Participant and other holders and (c) restrictions as to the use of a specified brokerage firm for such resales or other transfers. 

 

	5.	INCOME TAXES 

 To the extent required by applicable federal, state, local or foreign law,
the Participant shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise by reason of the grant or vesting of the Restricted Stock. The Company shall not be required to issue shares or to
recognize the disposition of such shares until such obligations are satisfied. 
  

	6.	NON-TRANSFERABILITY OF UNVESTED SHARES 

 The
Participant understands, acknowledges and agrees that, except as otherwise provided in the Plan or as permitted by the Committee, the Unvested Shares may not be sold, assigned, transferred, pledged or otherwise directly or indirectly encumbered or
disposed of other than by will or the laws of descent and distribution. 








	7.	OTHER AGREEMENTS SUPERSEDED 

 The Grant Notice, these Standard Terms and Conditions and
the Plan constitute the entire understanding between the Participant and the Company regarding the Restricted Stock. Any prior agreements, commitments or negotiations concerning the Restricted Stock are superseded. 

 

	8.	LIMITATION OF INTEREST IN SHARES SUBJECT TO RESTRICTED STOCK 

 Neither the Participant
(individually or as a member of a group) nor any beneficiary or other person claiming under or through the Participant shall have any right, title, interest, or privilege in or to any shares of Common Stock allocated or reserved for the purpose of
the Plan or subject to the Grant Notice or these Standard Terms and Conditions except as to such shares of Common Stock, if any, as shall have been issued to such person in connection with the Award. Nothing in the Plan, in the Grant Notice, these
Standard Terms and Conditions or any other instrument executed pursuant to the Plan shall confer upon the Participant any right to continue in the Company’s employ or service nor limit in any way the Company’s right to terminate the
Participant’s employment or service at any time for any reason. 
  

	9.	GENERAL 

 (a) In the event that any provision of these Standard Terms and Conditions is
declared to be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such provision shall be reformed, if possible, to the extent necessary to render it legal, valid and enforceable, or otherwise deleted, and the
remainder of these Standard Terms and Conditions shall not be affected except to the extent necessary to reform or delete such illegal, invalid or unenforceable provision. 

(b) The headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall not constitute a part of
these Standard Terms and Conditions, nor shall they affect its meaning, construction or effect. 
 (c) These Standard Terms and Conditions
shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors and assigns. 

(d) These Standard Terms and Conditions shall be construed in accordance with and governed by the laws of the State of Delaware, without regard
to principles of conflicts of law. 
 (e) In the event of any conflict between the Grant Notice, these Standard Terms and Conditions and the
Plan, the Grant Notice and these Standard Terms and Conditions shall control. In the event of any conflict between the Grant Notice and these Standard Terms and Conditions, the Grant Notice shall control. 

(f) All questions arising under the Plan or under these Standard Terms and Conditions shall be decided by the Committee in its total and
absolute discretion. 







 10. ELECTRONIC DELIVERY 

By executing the Grant Notice, the Participant hereby consents to the delivery of information (including, without limitation, information
required to be delivered to the Participant pursuant to applicable securities laws) regarding the Company and the Subsidiaries, the Plan, and the Restricted Stock via Company web site or other electronic delivery.