Exhibit 10.29


SECOND
AMENDMENT AGREEMENT


This SECOND AMENDMENT
AGREEMENT is entered into as of July 24, 2007, among LOUISIANA-PACIFIC
LIMITED PARTNERSHIP, by its General Partner, 3047525 NOVA SCOTIA COMPANY (“LP-LP”), LOUISIANA-PACIFIC CANADA LTD. (“LP Canada”) (LP-LP and LP Canada together the “Borrowers”), as borrowers, LOUISIANA-PACIFIC
CORPORATION, (the “Parent Guarantor”),
as guarantor, the lenders from time to time party to the Credit Agreement (as
defined below) (collectively, the “Lenders”), and BANK OF AMERICA, N.A.
acting through its Canada branch (the “Administrative Agent”),
as administrative agent.


WHEREAS the parties
entered into an amended and restated credit agreement dated as of February 15,
2006 (the “Original Credit Agreement”) whereby the Lenders
provided certain credit facilities to the Borrowers, which credit facilities
were guaranteed by the Parent Guarantor;


AND WHEREAS the parties
amended certain terms of the Credit Agreement pursuant to the first amendment
agreement dated as of February 23, 2007 (the “First Amendment Agreement”).  The Original Credit Agreement, as amended by
the First Amendment Agreement, are collectively referred to as
the “Credit Agreement”.


AND WHEREAS the parties
have agreed to make further amendments to the Credit Agreement and the
parties are entering into this Second Amendment Agreement to amend the
Credit Agreement accordingly;


NOW THEREFORE, in
consideration of the mutual covenants, provisions and covenants contained
herein, the parties agree as follows:


1.                                       Terms
used herein and not otherwise defined shall have the meaning as those ascribed
thereto in the Credit Agreement.


2.                                       Section
6.02 is amended by the addition of subsection 6.02(i) as follows:


“(i)
in the event the Parent Guarantor notifies the Administrative Agent, in
accordance with section 7.11(c) that the calculation in section 7.11(c)(B)
shall apply to a fiscal quarter, a Certificate of Minimum Liquidity Amount for
each month in the applicable fiscal quarter, to be delivered within 10 
Business Days of each month end in such fiscal quarter.”


3.                                       Section
7.11(c) is deleted and replaced with the following:


“(c)  Consolidated
Interest Coverage Ratio and Minimum Liquidity Amount.


(A) Permit the Consolidated Interest Coverage
Ratio as at the end of any fiscal quarter of the Parent Guarantor to be less
than 4.00 to 1.00; or, (B) fail to maintain the Minimum Liquidity Amount
calculated as at the end of each month.













At least ten Business Days prior to the
commencement of each fiscal quarter, the Parent Guarantor shall notify the
Administrative Agent whether the calculation in section 7.11(c)(A) or
section 7.11(c)(B) shall apply to such quarter. 
In the event the Parent Guarantor indicates that section 7.11(c)(B)
shall apply to such quarter, the Parent Guarantor shall provide the
Administrative Agent with a Certificate of Minimum Liquidity Amount within 10
Business Days of each month end in such quarter.  In the event the Parent Guarantor fails to
notify the Administrative Agent of which calculation in section 7.11(c) is to
apply to a fiscal quarter, the calculation in section 7.11(c)(B) will be deemed
to apply.”


4.                                       Upon
execution of this Second Amendment Agreement, the Parent Guarantor shall be
deemed to have notified the Administrative Agent that the calculation in
section 7.11(c)(B) shall apply to the fiscal quarter commencing
April 1, 2007 and ending June 30, 2007.  The Administrative Agent and the Lenders
accept such notification retroactively and agree that section 7.11(c)(B) shall
apply to such fiscal quarter.  The Parent Guarantor shall deliver a
Certificate of Minimum Liquidity Amount for the month ended
June 30, 2007 upon execution of this
Second Amendment Agreement, and thereafter in accordance with the
Credit Agreement, as amended by this Second Amendment Agreement.


5.                                       The
parties confirm the terms and conditions of the Credit Agreement as amended by
the terms of this Second Amendment Agreement.


6.                                       This
Second Amendment Agreement shall be effective as of June 29, 2007 and
may be referred to as being dated as of June 29, 2007 notwithstanding the
actual date of execution.


7.                                       Without
derogation from any rights that the Administrative Agent or the Lenders may
have under the Credit Agreement as amended by this
Second Amendment Agreement, and without derogation from any
obligations of the Guarantors under the Credit Agreement as amended by this
Second Amendment Agreement, the Guarantors hereby confirm that their
obligations under the Guarantees support, extend and apply to the Credit
Agreement as amended by this Second Amendment Agreement.


8.                                       The
Borrowers and the Guarantors shall, upon request by the Administrative Agent or
the Lenders, execute and deliver all such statements, certificates, further
agreements and documents and do all such further acts and things as may be
considered by the Administrative Agent or the Lenders to be necessary or
desirable to give affect to the intent of this Second Amendment Agreement.


9.                                       This
Second Amendment Agreement may be executed in any number of separate
counterparts, each of which, once so executed shall be deemed an original and
all said counterparts taken together shall be deemed to constitute one in the
same instrument.



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10.                                 The
representations and warranties in Article V of the Credit Agreement
shall remain true and correct with the same affect as if made on and as of the
date of this Second Amendment Agreement.


11.                                 This
Second Amendment Agreement shall be governed in all respects by the
laws of the Province of Ontario and each of the undersigned hereby irrevocably
attorns and accepts the non-exclusive jurisdiction of the Courts of the
Province of Ontario.


[SIGNATURE PAGES FOLLOW]



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IN
WITNESS WHEREOF, the parties hereto have caused this
Second Amendment Agreement to be duly executed and delivered by their
proper and duly authorized officers or authorized signatories as of the day and
year first written above.


	
  

  	
  LOUISIANA-PACIFIC LIMITED

  
	
   

  	
  PARTNERSHIP, by its General Partner

  
	
   

  	
  3047525 Nova Scotia Company

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  LOUISIANA-PACIFIC CANADA LTD.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  LOUISIANA-PACIFIC CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., acting

  
	
   

  	
  through its Canada branch, as

  
	
   

  	
  Administrative Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., acting

  
	
   

  	
  through its Canada branch, as
  a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  



 



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  THE BANK OF NOVA SCOTIA, as a

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  WACHOVIA CAPITAL FINANCE

  
	
   

  	
  CORPORATION (CANADA), as a
  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS FARGO FINANCIAL

  
	
   

  	
  CORPORATION OF CANADA, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  ROYAL BANK OF CANADA, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL ASSOCIATION,

  
	
   

  	
  Canada Branch, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF MONTREAL, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  



 



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  THE TORONTO-DOMINION BANK, as

  
	
   

  	
  a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  



 



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