Document:

Alliant Energy Deferred Compensation Plan

 Exhibit 10.1 
 ALLIANT ENERGY DEFERRED COMPENSATION PLAN 
 (As Amended and Restated
Effective January 1, 2011) 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	ARTICLE 1 BACKGROUND	  	 	1	  
		
	ARTICLE 2 DEFINITIONS	  	 	1	  
	 2.1
	 	Account	  	 	1	  
	 2.2
	 	Affiliate	  	 	1	  
	 2.3
	 	Beneficiary	  	 	1	  
	 2.4
	 	Code	  	 	1	  
	 2.5
	 	Company	  	 	1	  
	 2.6
	 	Company Stock	  	 	2	  
	 2.7
	 	Compensation	  	 	2	  
	 2.8
	 	Deferred Compensation Balance	  	 	2	  
	 2.9
	 	Deferrals	  	 	2	  
	 2.10
	 	Eligible Employee/Director	  	 	2	  
	 2.11
	 	Employer	  	 	2	  
	 2.12
	 	Employer Contributions	  	 	2	  
	 2.13
	 	ERISA	  	 	2	  
	 2.14
	 	Exchange Act	  	 	2	  
	 2.15
	 	Investment Account	  	 	2	  
	 2.16
	 	Mutual Fund	  	 	2	  
	 2.17
	 	Participant	  	 	2	  
	 2.18
	 	Plan	  	 	2	  
	 2.19
	 	Plan Year	  	 	2	  
	 2.20
	 	Plan Administrator	  	 	3	  
	 2.21
	 	Prior Plans	  	 	3	  
	 2.22
	 	Retirement	  	 	3	  
	 2.23
	 	Savings Plan	  	 	3	  
	 2.24
	 	Separation from Service	  	 	3	  
	 2.25
	 	Share Value	  	 	4	  
	 2.26
	 	Unforeseeable Emergency	  	 	4	  
		
	 ARTICLE 3 ADMINISTRATION
	  	 	4	  
	 3.1
	 	Powers and Duties	  	 	4	  
	 3.2
	 	Delegation	  	 	5	  
		
	 ARTICLE 4 DEFERRED COMPENSATION
	  	 	5	  
	 4.1
	 	Participant Deferrals	  	 	5	  
	 4.2
	 	Employer Contributions	  	 	6	  
	 4.3
	 	Deferred Compensation Accounts	  	 	7	  
		
	 ARTICLE 5 PAYMENT OF DEFERRED COMPENSATION
	  	 	9	  
	 5.1
	 	Payment of Deferred Compensation Balance	  	 	9	  
	 5.2
	 	Commencement of Payments	  	 	9	  
	 5.3
	 	Method of Payment	  	 	10	  

  
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	 5.4
	 	Amount of Payments	  	 	10	  
	 5.5
	 	Form of Payments	  	 	10	  
	 5.6
	 	Participant Elections	  	 	10	  
	 5.7
	 	Distribution in the Event of an Unforeseeable Emergency	  	 	11	  
	 5.8
	 	Facility of Payment	  	 	11	  
	 5.9
	 	Pre-December 31, 2007 Distribution Election	  	 	11	  
		
	ARTICLE 6 CLAIMS PROCEDURE	  	 	12	  
	 6.1
	 	Decisions on Claims	  	 	12	  
	 6.2
	 	Review of Denied Claims	  	 	12	  
		
	ARTICLE 7 FUNDING	  	 	12	  
		
	ARTICLE 8 AMENDMENT AND TERMINATION	  	 	13	  
		
	ARTICLE 9 GENERAL PROVISIONS	  	 	13	  
	 9.1
	 	Status of Participants	  	 	13	  
	 9.2
	 	No Guaranty of Employment	  	 	13	  
	 9.3
	 	Delegation of Authority	  	 	13	  
	 9.4
	 	Legal Actions	  	 	13	  
	 9.5
	 	Applicable Law	  	 	13	  
	 9.6
	 	Rules of Construction	  	 	13	  
	 9.7
	 	Expenses of Administration	  	 	14	  
	 9.8
	 	Indemnification	  	 	14	  
	 9.9
	 	Additional Provisions under Section 409A and Other Laws	  	 	14	  

  
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 ARTICLE 1 
 BACKGROUND 
 Alliant Energy Corporate Services, Inc. and/or related entities in the
controlled group of entities of Alliant Energy Corporation have heretofore maintained various nonqualified deferred compensation plans for the benefit of key employees and/or non-employee directors, including but not limited to the Alliant Energy
Key Employee Deferred Compensation Plan, the Alliant Energy Corporation Deferred Compensation Plan for Directors, the Wisconsin Power & Light Company Deferred Compensation Plan I, and the Wisconsin Power & Light Company Deferred
Compensation Plan II. By actions of (i) the Compensation and Personnel Committee of the Board of Directors of Alliant Energy Corporation with respect to the Alliant Energy Employee Deferred Compensation Plan and the Wisconsin Power &
Light Deferred Compensation Plan I and the Wisconsin Power & Light Deferred Compensation Plan II, and (ii) the Nominating and Governance Committee of the Board of Directors of Alliant Energy Corporation with respect to the Alliant
Energy Corporation Deferred Compensation Plan for Directors, such plans were merged effective January 1, 2008 into the Alliant Energy Deferred Compensation Plan as set forth herein 

ARTICLE 2 

DEFINITIONS 
 When
the following words or phrases are used herein, they shall have the meanings set forth below unless otherwise specifically provided: 
 2.1 Account. An account which has been established for a Participant pursuant to Section 4.3. Each such account shall include one or more sub-accounts for the Investment Accounts. 

2.2 Affiliate. A business organization that is under common control with the Company, as determined under Sections 414(b) and
(c) of the Code. 
 2.3 Beneficiary. The person or persons (including a trustee or trustees) designated as a
Participant’s Beneficiary in the last written instrument signed by the Participant for the purposes of this Plan and received by the Plan Administrator prior to the Participant’s death. If no such person has been designated, the
Participant’s Beneficiary shall be the person or persons who constitute the Participant’s beneficiary for the purposes of the Savings Plan or if no such person, the Participant’s surviving spouse, or if none, the Participant’s
estate. Valid beneficiary designations made for the Prior Plans shall be considered hereunder. 
 2.4 Code. The Internal
Revenue Code of 1986, as from time to time amended. 
 2.5 Company. Alliant Energy Corporate Services, Inc., and any
successor or successors thereto. 

  
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 2.6 Company Stock. The Common Stock, $.01 par value, of Alliant Energy Corporation,
as such stock may be reclassified, converted, or exchanged by reorganization, merger, or otherwise. 
 2.7 Compensation.
An employee Participant’s base salary and any annual short-term cash incentive compensation from the Participant’s Employer and a non-employee Participant’s annual retainer and committee fees as a member of the Board of Directors of
an Employer. 
 2.8 Deferred Compensation Balance. The balance from time to time credited to a Participant’s
Accounts. 
 2.9 Deferrals. A Participant’s deferred Compensation and Employer Contributions. 

2.10 Eligible Employee/Director. There are two groups of Eligible Employee/ Directors: 

(a) An employee of an Employer who is a member of a select group of management or highly compensated employees within the
meaning of Section 201(2) of ERISA, who has the title of “director” or higher, and who has been designated by the Chief Executive Officer of the Company as being eligible to participate in the Plan; and 

(b) A non-employee member of the Board of Directors of Alliant Energy Corporation. 

2.11 Employer. The Company, Alliant Energy Corporation, and each Affiliate of the Company with at least one employee who is an
Eligible Employee/Director. 
 2.12 Employer Contributions. The amount specified for a Participant in Section 4.2.

 2.13 ERISA. The Employee Retirement Income Security Act of 1974, as from time to time amended. 

2.14 Exchange Act. The Securities Exchange Act of 1934, as from time to time amended. 

2.15 Investment Account. The Company Stock Account, the Interest Account, and/or the Mutual Fund Accounts described in
Section 4.3. 
 2.16 Mutual Fund. Any of the hypothetical mutual funds or other investment vehicles established by
the Plan Administrator pursuant to Section 4.3. 
 2.17 Participant. An Eligible Employee/Director for whom an
Account has been established pursuant to Section 4.3. 
 2.18 Plan. The Alliant Energy Deferred Compensation Plan,
as set forth herein, and as from time to time amended. 
 2.19 Plan Year. The 12 consecutive month period ending on each
December 31. 

  
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 2.20 Plan Administrator. The Compensation and Personnel Committee of the Board of
Directors of Alliant Energy Corporation. 
 2.21 Prior Plans. One or all of the following as in effect prior to
January 1, 2008: Alliant Energy Key Employee Deferred Compensation Plan, the Alliant Energy Corporation Deferred Compensation Plan for Directors, the Wisconsin Power & Light Company Deferred Compensation Plan I, and the Wisconsin
Power & Light Company Deferred Compensation Plan II. 
 2.22 Retirement. For an employee Participant,
“Retirement” means a Separation from Service at or after age 55. For a director Participant, “Retirement” means any Separation from Service other than by reason of death. 

2.23 Savings Plan. The Alliant Energy Corporation 401(k) Savings Plan. 

2.24 Separation from Service. With respect to the term “Separation from Service”: 

(a) Separation from Service means an employee Participant’s termination of employment or a non-employee director
Participant’s termination of membership on the Board of Directors of Alliant Energy Corporation or, if the Participant continues to provide services following such termination, such later date as is considered a separation from service from the
Company and its 409A affiliates within the meaning of Section 409A of the Code. Specifically, if a Participant continues to provide services to the Company or a 409A affiliate in a different capacity (i.e., a former employee becomes a director
or an independent contractor or a former director becomes an employee or an independent contractor), such shift in status is not automatically a Separation from Service, subject to Treas. Reg. section 1.409A-1(h)(5) among other provisions.

 (b) For purposes of the Plan, an employee Participant’s termination of employment shall occur when the
Company and the Participant reasonably anticipate that no further services will be performed by the Participant for the Company and its 409A affiliates (whether as an employee, a director or an independent contractor) or that the level of bona fide
services the Participant will perform after such date will permanently decrease to no more than 20% of the average level of bona fide services performed by the Participant (whether as an employee, director or independent contractor) for the Company
and its 409A affiliates over the immediately preceding 36-month period (or such lesser period of services). Notwithstanding the foregoing, if an employee Participant takes a leave of absence for purposes of military leave, sick leave or other bona
fide leave of absence, the Participant will not be deemed to have incurred a termination of employment for the first 6 months of the leave of absence, or if longer, for so long as the Participant’s right to reemployment is provided either by
statute or by contract; provided that if the leave of absence is due to a medically determinable physical or mental impairment that can be expected to result in death or last for a continuous period of not less than 6 months, where such impairment
causes the Participant to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, the leave may be extended for up to 29 months without causing a termination of employment.

  
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 (c) For purposes of the Plan, a non-employee director Participant’s
termination of membership shall occur on the date the Participant ceases to be member of the Board of Directors if such date constitutes a good-faith and complete termination of the relationship. There is not a termination if the Company anticipates
a renewal of the Board membership or the director Participant becoming an employee or an independent contractor of the Company or a 409A affiliate. 
 (d) For purposes of the Plan, the term “409A affiliate” means each entity that is required to be included in the Company’s controlled group of corporations within the meaning of
Section 414(b) of the Code, or that is under common control with the Company within the meaning of Section 414(c) of the Code, provided, however, that the phrase “at least 50 percent” shall be used in place of the phrase “at
least 80 percent” each place it appears therein or in the regulations thereunder. 
 2.25 Share Value. With respect
to Company Stock, Share Value means the price at which a share of Company Stock is deemed to have been purchased for a Participant’s Account pursuant to Section 4.3(d). If shares of Company Stock are actually purchased on any date for the
purposes of the Plan, such purchases are made in the open market. The Share Value on such date will be price of the shares that are purchased for the Plan on such date. In all other cases, Share Value will be the closing price of shares of Company
Stock as reported for the applicable date on the New York Stock Exchange. With respect to the Mutual Fund Accounts, Share Value means the price at which a share of the applicable Mutual Fund is deemed to have been purchased for a Participant’s
Account pursuant to Section 4.3(f). Such price shall be the price that would have been paid or received if such shares had been purchased or sold on the applicable date. 
 2.26 Unforeseeable Emergency. An Unforeseeable Emergency is a severe financial hardship of the Participant resulting from any of the following, as determined by the Plan Administrator based on all
of the relevant facts and circumstances: 
 (a) an illness or accident of the Participant, his or her
Beneficiary, spouse or dependent (as defined in Section 152 of the Code without regard to Sections 152(b)(1), (b)(2) and (d)(1)(B) thereof); 
 (b) a loss of the Participant’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by insurance); or 

(c) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the
Participant. 
 ARTICLE 3 
 ADMINISTRATION 
 3.1 Powers and Duties. Full power and
authority to construe, interpret, and administer this Plan is vested in the Plan Administrator. In particular, the Plan Administrator shall make each determination provided for in this Plan and may adopt such rules, regulations, and procedures, as
it deems necessary or desirable to the efficient administration of the Plan. 

  
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The Plan Administrator’s determinations need not be uniform, and may be made by it selectively among persons who may be eligible to participate in the Plan. The Plan Administrator shall have
sole and exclusive discretion in the exercise of its powers and duties hereunder, and all determinations made by the Plan Administrator shall be final, conclusive, and binding unless they are found by a court of competent jurisdiction to have been
arbitrary and capricious. 
 3.2 Delegation. The Plan Administrator may delegate part or all of its duties to any person
or persons, and may from time to time revoke such authority and delegate it to another person or persons. Each such delegation to a person who is not an employee of the Company or an Affiliate will be in writing, and a copy will be furnished to the
person to whom the duty is delegated, who will file a written acceptance with the Plan Administrator. Any delegate’s duty will terminate upon revocation of such authority by the Plan Administrator, upon withdrawal of such person’s
acceptance or, in the case of a delegate who is an employee of the Company or an Affiliate, upon the termination of such employment. Any person to whom administrative duties are delegated may, unless the delegation provides otherwise, similarly
delegate part or all of such duties to another person. 
 ARTICLE 4 

DEFERRED COMPENSATION 
 4.1 Participant Deferrals. An Eligible Employee/Director may elect to defer up to 100% of his or her Compensation for any Plan Year. An election to defer Compensation shall be made prior to the
first day of the Plan Year to which it will apply and it shall be subject to the following requirements: 
 (a)
For a Participant who is an employee of an Employer, the election may defer a percentage of the Participant’s base salary, and/or a percentage of the Participant’s annual short-term cash incentive compensation. Amounts deferred from a
Participant’s base salary shall reduce the Participant’s base salary in equal installments for each pay period during the Plan Year (or portion thereof) to which the election applies. Amounts deferred from a Participant’s annual
short-term cash incentive compensation shall reduce the Participant’s incentive compensation that is earned (not paid) during the Plan Year on the date such annual short-term cash incentive compensation would otherwise be paid to the
Participant. In addition, a Participant may elect that the Participant’s aggregate deferrals of base salary and annual short-term cash incentive compensation shall be at least sufficient so that the non-deferred salary and annual short-term
cash incentive compensation for the Plan Year does not exceed $1,000,000. For a Participant who is a non-employee member of the Board of Directors of Alliant Energy Corporation, the election may defer a percentage of the Participant’s retainer
and committee fees. 
 (b) The election shall be irrevocable with respect to all Compensation payable for
services performed by the Participant during the Plan Year for which the election is made, except that (i) a Participant may terminate an election to defer Compensation if the Plan Administrator determines that the termination is necessary as a
result of an Unforeseeable Emergency and (ii) an election to defer Compensation shall be terminated and no future deferrals shall be permitted for the minimum required 6-month period if the

  
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Participant receives a hardship distribution under the Savings Plan. Deferrals may be resumed only for a calendar year beginning after the year in which the minimum suspension period ends.

 4.2 Employer Contributions. By January 31, 2008 each Employer shall credit to the Account of each Participant who
is employed by that Employer an Employer Contribution in an amount equal to 50% of (a), minus (b), where: 
 (a)
is the lesser of: 
 (i) the sum of the amounts (if any) contributed by the Participant to the Savings Plan
during 2007 which were eligible for matching contributions under the Savings Plan, plus the amounts deferred by the Participant during 2007 pursuant to Section 4.1; or 

(ii) 6% of the Participant’s base salary for 2007; and 

(b) is the amount of any matching contributions that were made to the Savings Plan on behalf of the Participant for 2007.

 For Compensation in Plan Years 2008 and thereafter, each Employer shall credit to the Account of each Participant who is employed by that
Employer an Employer Contribution in an amount equal to 50% of (c), minus (d), where: 
 (c) equals the lesser of
(i) 8% of base salary for the Plan Year (except that for the Employer Contribution to be made in early 2009 based on 2008 Compensation, for a Participant covered by Schedule E of the Savings Plan, such amount shall be the sum of 6% of base
salary for the period January 1 through July 31, 2008 plus 8% of base salary for August 1 through December 31, 2008), or (ii) the sum of the Participant’s Deferred Cash Contributions to the Savings Plan for the Plan
Year plus the amount of base salary that the Participant defers under the Plan for the Plan Year; and 
 (d)
equals the amount of Company Matching Contributions under the Savings Plan on behalf of the Participant for the Plan Year. 
 Notwithstanding
the foregoing, a Participant shall not receive an Employer Contribution for any Plan Year unless (i) the Participant makes the maximum permitted deferrals to the Savings Plan for such Plan Year, (ii) the Participant defers some base salary
for the Plan Year pursuant to Section 4.1 (although in 2007 any Compensation is sufficient for the January 2008 match), and (iii) (A) the Participant is employed by an Employer or an Affiliate on the last day of the Plan Year; or
(B) the Participant’s employment terminated during the Plan Year by reason of the Participant’s Retirement or death. A Participant who is a non-employee member of the Board of Directors of Alliant Energy Corporation is not eligible
for an Employer Contribution. 

  
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 4.3 Deferred Compensation Accounts. The Plan Administrator shall establish one or
more Accounts in the name of each Participant to record the Deferred Compensation Balance payable to the Participant. Such Accounts shall be for bookkeeping purposes only, and shall not be deemed to create a fund or trust for the benefit of the
Participant. Each Participant’s Accounts shall be established, maintained, and periodically adjusted as follows: 
 (a) Credits. The Plan Administrator shall credit the following amounts to a Participant’s Account: 
 (i) Amounts deferred by a Participant pursuant to Section 4.1 shall be credited to the Participant’s Account as of the dates on which they are applied to reduce the Participant’s
Compensation. 
 (ii) Employer Contributions shall be credited to the Participant’s Account no later than
the end of the first quarter following the end of the applicable Plan Year; provided, however, that the Employer Contribution in January 2008 based on 2007 Compensation shall be adjusted to reflect the value as if the match had been credited as of
July 1, 2007 and invested in the applicable Investment Account as elected by the Participant for 2007 Deferrals and as such Investment Account existed in 2007. 

(b) Charges. The Plan Administrator shall charge to the Participant’s Account the amount of any payments made
to or on behalf of the Participant as of the dates on which such payments are made. 
 (c) Participant
Elections. When a Participant makes an initial election to defer Compensation pursuant to Section 4.1, the Participant must elect to have the deferred Compensation credited to one or more Investment Accounts in such proportions as the
Participant shall elect. In accordance with rules prescribed by the Plan Administrator, throughout the Plan Year, each Participant may designate in writing how Deferrals are credited among the Investment Accounts. A Participant’s investment
election shall become effective for Deferrals beginning with the first payroll period occurring on or after the date on which the election is received and processed by the Plan Administrator, and shall remain in effect for all future Deferrals
unless and until modified by a subsequent election that becomes effective in accordance with this Section 4.3(c). When selecting more than one Investment Account, the Participant shall designate, in whole multiples of 1% or such other
percentage determined by the Plan Administrator, the percentage to be credited to each of the available Investment Accounts. 
 (d) Company Stock Account. A Participant’s Company Stock Account shall be maintained and adjusted as follows: 

(i) Except as provided in (v) below, Deferrals that are allocated to a Participant’s Company Stock Account shall
be deemed to have been invested in whole and fractional shares of Company Stock as soon as administratively feasible following the date on which the Deferrals are credited to the Participant’s Account, at a price equal to the Share Value on
such investment date. 
 (ii) A Participant’s Company Stock Account shall be credited with the amount of any
dividends that would have been paid to the Participant if the Participant had owned the shares of Company Stock that are credited to his or her 

  
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Account when the dividends are paid. Except as provided in (v) below, amounts so credited shall be deemed to have been invested in additional shares of Company Stock as soon as
administratively feasible following the date on which the dividends are credited to the Participant’s Account, at a price equal to the Share Value on such investment date. 

(iii) A Participant’s Company Stock Account shall be equitably adjusted to reflect any change in the outstanding
Company Stock by reason of any stock dividend, stock split, recapitalization, merger, consolidation, combination or exchange of shares, or any similar corporate change. 

(iv) Except as provided in (v) below, the balance credited to a Participant’s Company Stock Account as of any
date shall be the number of whole and fractional shares of Company Stock that are deemed to be held by the Participant’s Account on such date. 
 (v) Notwithstanding the foregoing provisions, for administrative convenience the Plan Administrator may deem a portion of a Participant’s Company Stock Account to be held in uninvested cash in lieu
of part or all of the fractional share of Company Stock that would otherwise be applicable hereunder. 
 (e)
Interest Account. As of the end of each business day, the average of the balances credited to the Participant’s Interest Account (with each such business day’s balance being reduced prior to the calculation of such average to
reflect any distribution during such period) shall be credited with a daily interest factor based on a quarterly rate. The applicable annual interest rate used to determine the quarterly rate shall be the 10-year Treasury Bond rate plus 1.50% as
established by the Federal Reserve. The balance credited to a Participant’s Interest Account as of any date shall be the accumulated Deferrals and interest that are credited to such Account as of such date. 

(f) Mutual Fund Accounts. A Participant may have one or more Mutual Fund Accounts, which shall be maintained and
adjusted as follows: 
 (i) A Participant will have separate Mutual Fund Accounts for each Mutual Fund selected
pursuant to Sections 4.3(c) or (g). Except as provided in (v) below, Deferrals that are allocated to a Participant’s Mutual Fund Accounts shall be deemed to have been invested in whole and fractional shares of the applicable Mutual Funds
selected from time to time by the Plan Administrator, as of the date on which the Deferrals are credited to the Participant’s Account, at a price equal to the Share Value on such date. 

(ii) A Participant’s Mutual Fund Accounts shall be credited with the amount of any distributions that would have been
paid to the Participant if the Participant had owned the shares of the applicable Mutual Funds that are credited to his or her Account when such distributions are paid. Except as provided in (v) below, amounts so credited shall be deemed to
have been invested in additional shares of the applicable Mutual Funds on the date on which such distributions are credited to the Participant’s Account, at a price equal to the Share Value on such date. 

  
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 (iii) A Participant’s Mutual Fund Accounts shall be equitably adjusted
to reflect any change in the outstanding shares of the applicable Mutual Funds by reason of any stock dividend, stock split, recapitalization, merger, consolidation, combination or exchange of shares, or any similar corporate change. 

(iv) Except as provided in (v) below, the balance credited to a Participant’s Mutual Fund Accounts as of any
date shall be the number of whole and fractional shares of the applicable Mutual Funds that are deemed to be held by the Participant’s Account on such date. 

(v) Notwithstanding the foregoing provisions, for administrative convenience the Plan Administrator may deem a portion of
a Participant’s Mutual Fund Accounts to be held in uninvested cash in lieu of part or all of the fractional share that would otherwise be applicable hereunder. 

(g) Reallocation of Accounts. Subject to the restriction in Section 4.3(h), in accordance with rules
prescribed by the Plan Administrator (which may include limitations on the timing or frequency of reallocation transactions initiated by some or all Participants), each Participant may elect to reallocate his or her account among the available
Investment Accounts. When selecting more than one Investment Account, the Participant shall designate, in whole multiples of 1% or such other percentage determined by the Plan Administrator, the percentage of his or her available Account that is
deemed to be invested in each available Investment Account after the investment reallocation is given effect. 

(h) Company Stock Account Restriction. Investments in the Company Stock Account are irrevocable. A Participant may
decrease or eliminate future Deferrals to be invested in the Company Stock Account, but no reallocation out of the Company Stock Account is permitted. 
 ARTICLE 5 
 PAYMENT OF DEFERRED COMPENSATION 

5.1 Payment of Deferred Compensation Balance. In the event of a payment for a reason other than the Participant’s death, the
applicable benefit shall be paid to the Participant. In the event of a Participant’s death, the applicable benefit shall be paid to the Participant’s Beneficiary. 
 5.2 Commencement of Payments. Except as otherwise provided herein, payment of a Participant’s Deferred Compensation Balance shall commence as follows: 

(a) Death. In the case of a Participant’ death prior to the commencement of installment payments, payment
shall commence within 60 days after the date of the Participant’s death. 

  
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 (b) Other Separation from Service. In the case of a
Participant’s Separation from Service for reasons other than the Participant’s death, payment shall commence 6 months after the date of the Participant’s Separation from Service. The only exception shall be in the event of the
Participant’s death after the Separation from Service, in which event payment shall commence as of the earlier of Sections 5.2(a) or (b). 
 5.3 Method of Payment. Payments due by reason of a Participant’s death or Retirement shall be made in a lump sum or in up to ten annual installments, as elected by the Participant pursuant to
Section 5.6. Payments due by reason of a Participant’s Separation from Service for reasons other than a Participant’s death or Retirement shall be made in a lump sum; this is applicable even if the Participant dies after the
Separation from Service but prior to the lump sum payment date. 
 5.4 Amount of Payments. The amount of a lump sum
payment shall be equal to the Participant’s Deferred Compensation Balance as of the date of the payment. The amount of an installment payment shall be equal to the Participant’s Deferred Compensation Balance as of the date of the payment,
divided by the number of installments (including the current installment) remaining to be paid. The first annual installment will be paid on the date as of which payment of the Participant’s Deferred Compensation Balance is scheduled to
commence. Each annual installment after the first shall be paid in the January after the calendar year in which the previous installment was paid. 
 5.5 Form of Payments. Payments that are due from a Participant’s Company Stock Account shall be made in whole shares of Company Stock, plus cash in an amount equal to the Share Value of any
fractional shares. Payments that are due from a Participant’s Interest Account and Mutual Fund Accounts shall be made in cash. 
 5.6 Participant Elections. 
 (a) When an Eligible
Employee/Director first becomes a Participant and makes the initial election to defer Compensation pursuant to Section 4.1, the Participant shall also make an election as to the method (lump sum or installments) in which the Accounts will be
paid following the Participant’s Separation from Service by reason of death or Retirement. Subject to the right of the Participant to change such election as to the form of payment pursuant to Sections 5.6(b) and (c), such original election
shall apply as applicable to the Participant’s Accounts unless there is a valid change in such election pursuant to the following sentence. A Participant may complete one or more new election in future years, but such new election shall only
apply to Deferrals and earnings thereon for Plan Years after the effective date of such election and shall not apply to the Participant’s existing Accounts. 

(b) In November-December 2007, each Participant with an account in the Prior Plans which is not already in pay status had
the opportunity to make an irrevocable election with respect to the manner of payment for their December 31, 2007 Deferred Compensation Balance and any Employer Contribution credited to their Accounts in January 2008 for 2007 in the event of a
Separation from Service by reason of death or Retirement. In the event such a Participant not then in pay status failed to make an election, the default method shall be a lump sum payment. 

  
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 (c) Notwithstanding the otherwise irrevocable elections made by Participants
pursuant to Sections 5.6(a) and/or (b), a Participant may change a prior election as follows: 
 (i) The new
election must be made at least 12 months prior to the Participant’s Separation from Service, otherwise it is invalid. 
 (ii) If (i) is satisfied and payment is to be made on account of Retirement, the time of commencement shall be deferred for 5 years from the date that would otherwise have applied pursuant to the
combination of Section 5.2(b) and any earlier election by the Participant pursuant to this Section 5.6(c). If the Participant’s death occurs during a 5-year deferral period, the remaining portion of any 5-year deferral period shall be
waived and payment commenced pursuant to Section 5.2(a). 
 5.7 Distribution in the Event of an Unforeseeable
Emergency. If requested by a Participant prior to a Separation from Service and if the Plan Administrator determines that an Unforeseeable Emergency has occurred, all or part of the Participant’s Deferred Compensation Balance may be paid
out to the Participant in a lump sum. The amount to be distributed shall only be such amount as is reasonably needed to alleviate the Participant’s Unforeseeable Emergency, and may include an amount to cover any Federal, state or local income
taxes or penalties reasonably anticipated to result from the distribution, after taking into account the extent to which the emergency is or may be relieved through reimbursement or compensation from insurance or otherwise, by liquidation of the
Participant’s assets (to the extent such liquidation would not itself cause a severe financial hardship and without regard to assets in a qualified employer plan or to assets that may be available due to an unforeseeable emergency provision in
another nonqualified deferred compensation plan), or by cessation of deferrals under the Plan. 
 5.8 Facility of
Payment. An Employer may make payments due to a legally incompetent person in such of the following ways as the Plan Administrator shall determine: 
 (a) directly to such person; 
 (b) to the legal representative of
such person; or 
 (c) to a near relative of such person to be used for the person’s benefit. 

Any payment made in accordance with the provisions of this section shall be a complete discharge of the Employer’s liability for the making of such
payment. 
 5.9 Pre-December 31, 2007 Distribution Election. Pursuant to the transition rules available under
Section 409A of the Code, Participants in the Prior Plans were offered the ability prior to December 31, 2007 to elect a lump sum distribution of the Prior Plan accounts to be made in November-December 2008, notwithstanding their continued
service with the Employers 

  
 -11-

 
and the general rules of the Plan. Any such elections were irrevocable and shall be honored under the Plan. The amount of such distribution shall include the December 31, 2007 balance, any
January 2008 Employer Contributions, any deferral of annual short-term cash incentive compensation paid in 2008 for the 2007 Plan Year, and any investment earnings thereon through the date of distribution. 

ARTICLE 6 

CLAIMS PROCEDURE 
 6.1 Decisions on Claims. If a claim for benefits is denied, the Plan Administrator shall furnish to the claimant within 60 days after its receipt of the claim a written notice which: 

(a) specifies the reasons for the denial; 

(b) refers to the pertinent provisions of the Plan on which the denial is based; 

(c) describes any additional material or information necessary for the perfection of the claim and explains why such
material or information is necessary; and 
 (d) explains the claim review procedures. 

6.2 Review of Denied Claims. Upon the written request of the claimant submitted within 60 days after his or her receipt of such
written notice, but in no event more than 180 days after the latest date that the payment in dispute should have been paid, the Plan Administrator shall afford the claimant a full and fair review of the decision denying the claim and, if so
requested, permit the claimant to review any documents which are pertinent to the claim, permit the claimant to submit issues and comments in writing, and afford the claimant an opportunity to meet with appropriate representatives of the Plan
Administrator as a part of the review procedure. Within 60 days after its receipt of a request for review (or within 120 days after such receipt if special circumstances, such as the need to hold a hearing, require an extension of time) the Plan
Administrator shall notify the claimant in writing of its decision and the reasons for its decision and shall refer the claimant to the provisions of the Plan which form the basis for its decision. 

ARTICLE 7 

FUNDING 
 This
Plan is intended to be “unfunded” for the purposes of the Code and Title I of ERISA; however, nothing herein shall prevent an Employer, in its sole discretion, from establishing a trust of the type commonly known as a “rabbi
trust” to assist it in meeting its obligations under the Plan. 

  
 -12-

 ARTICLE 8 
 AMENDMENT AND TERMINATION 
 The Plan Administrator may amend or terminate this Plan
at any time and for any reason; provided, that no amendment or termination of the Plan shall alter a Participant’s right to receive payment of amounts previously credited to the Participant’s Account. 

ARTICLE 9 

GENERAL PROVISIONS 
 9.1 Status of Participants. Each Participant and Beneficiary shall be a general unsecured creditor of his or her Employer with respect to amounts payable hereunder, this Plan constituting a mere
promise by the Employers to make benefit payments in the future. A Participant’s or Beneficiary’s right to receive payments under the Plan are not subject in any manner to anticipation, alienation, sale, assignment, pledge, encumbrance,
attachment, or garnishment by the creditors of the Participant or the Participant’s Beneficiaries. 
 9.2 No Guaranty of
Employment. The establishment of this Plan shall not give a Participant any legal or equitable right to be continued in the employ of an Employer, nor shall it interfere with an Employer’s right to terminate the employment of any of its
employees, with or without cause. 
 9.3 Delegation of Authority. Whenever, under the terms of this Plan, an Employer is
permitted or required to do or perform any act, it shall be done or performed by the Board of Directors of the Employer, by any duly authorized committee thereof, or by any officer of the Employer duly authorized by the articles of incorporation,
bylaws, or Board of Directors of the Employer. 
 9.4 Legal Actions. No Participant, Beneficiary, or other person having
or claiming to have an interest in this Plan shall be a necessary party to any action or proceeding involving the Plan, and no such person shall be entitled to any notice or process, except to the extent required by applicable law. Any final
judgment which is not appealed or appealable that may be entered in any such action or proceeding shall be binding and conclusive on all persons having or claiming to have any interest in this Plan. 

9.5 Applicable Law. This Plan shall be construed and interpreted in accordance with the laws of the State of Wisconsin, except to
the extent the same are preempted by ERISA or other federal law. 
 9.6 Rules of Construction. Wherever any words are
used herein in the masculine gender, they shall be construed as though they were also used in the feminine gender in all cases where they would so apply, and wherever any words are used herein in the singular form they shall be construed as though
they were also used in the plural form in all cases where they would so apply. Headings of sections and subsections of this Plan are inserted for convenience of reference, are not a part of this Plan, and are not to be considered in the construction
hereof. The words “hereof,” “herein,” “hereunder,” and other similar compounds of the word “here” shall mean and refer to the entire Plan, and not to any particular provision or section. 

  
 -13-

 9.7 Expenses of Administration. All expenses and costs incurred in connection with
the administration or operation of the Plan shall be paid by the Employers and/or any trust of the type described in Article 7. 

9.8 Indemnification. Each Employer shall, to the extent permitted by its articles of incorporation and bylaws, and by the laws of
the state in which it is incorporated, indemnify any employee or director of an Employer or an Affiliate providing services to the Plan against any and all liabilities arising by reason of any act or omission, made in good faith pursuant to the
provisions of the Plan, including expenses reasonably incurred in the defense of any claim relating thereto. 
 9.9
Additional Provisions under Section 409A and Other Laws. 
 (a) If an amount or the value of a
benefit under the Plan is required to be included in a Participant’s or Beneficiary’s income prior to the date such amount is actually distributed or benefit provided as a result of the failure of the Plan (or any other arrangement
required to be aggregated with the Plan under Section 409A of the Code) to comply with Section 409A of the Code, then the Participant shall receive a distribution, in a lump sum, within 90 days after the date it is finally determined that
the Plan fails to meet the requirements of Section 409A of the Code; such distribution shall equal the amount required to be included in the Participant’s income as a result of such failure and shall reduce the amount of payments or
benefits otherwise due hereunder. 
 (b) If any payment or the provision of any benefit required under the terms
of the Plan would jeopardize the ability of an Employer to continue as a going concern, the Employer shall not be required to make such payment or provide such benefit; rather, the payment or benefit shall be delayed until the first date that making
the payment or benefit does not jeopardize the ability of the Employer to continue as a going concern. 
 (c) If
any payment or benefit due pursuant to the Plan would violate the terms of Section 16(b) of the Securities Exchange Act of 1934 or other Federal securities laws, or any other applicable law, then the payment or the provision of the benefit
shall be delayed under the earliest date on which making such payment or providing such benefit would not violate such law. In addition, the Plan Administrator may restrict the transferability of any shares of Company Stock that are distributed
pursuant to the Plan, legend any certificate evidencing any such shares, and place a stop order in respect of such shares, to the extent it reasonably determines that such action is necessary to ensure compliance with any applicable securities or
exchange law, regulation, or other requirement. 
 (d) The Company and the Participants intend the terms of the
Plan to be in compliance with Section 409A of the Code. The Company does not guarantee the tax treatment or tax consequences associated with any payment or benefit, including but not limited to consequences related to Section 409A of the
Code. To the maximum extent permissible, any ambiguous terms of the Plan shall be interpreted in a manner which avoids a violation of Section 409A of the Code. 

  
 -14-

 (e) By electing to contribute to the Plan, each Participant acknowledges
that to avoid an additional tax on payments that may be payable or benefits that may be provided under the Plan and that constitute deferred compensation that is not exempt from Section 409A of the Code, the Participant must make a reasonable,
good faith effort to collect any payment or benefit to which the Participant believes the Participant is entitled hereunder no later than 90 days after the latest date upon which the payment could have been made or benefit provided under the Plan,
and if not paid or provided, must take further enforcement measures within 180 days after such latest date. 
 To record the restatement and
merger of the Prior Plans in the form of the Plan as set forth above, the undersigned has executed this document this      day of December, 2010, for and on behalf of the Company. 

 

			
	ALLIANT ENERGY CORPORATE SERVICES, INC.
		
	By	 	  

		
	As its	 	  

 

			
	ATTEST:	 	  

		
	As its	 	  

  
 -15-First Amendment to Loan and Security Agreement

 Exhibit 4.9.1 
 FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT AND FIRST AMENDMENT 
 TO
GUARANTY AND SECURITY AGREEMENT 
 THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT AND FIRST AMENDMENT TO GUARANTY
AND SECURITY AGREEMENT (this “Amendment”), dated as of December 10, 2010 is entered into by and among the financial institutions signatory hereto (each a “Lender” and collectively the
“Lenders”), BANK OF AMERICA, N.A., as Agent for the Lenders (in such capacity, “Agent”), HEADWATERS CONSTRUCTION MATERIALS, INC., a Utah corporation (“HCM”), TAPCO INTERNATIONAL
CORPORATION, a Michigan corporation (“Tapco”), HEADWATERS RESOURCES, INC., a Utah corporation (“HRI”, and together with HCM, Tapco, and each of HRI’s, HCM’s and Tapco’s subsidiaries
identified on the signature pages hereof, each individually a “Borrower”, and collectively, the “Borrowers”) and HEADWATERS INCORPORATED, a Delaware corporation (“Parent”). 

RECITALS 

A. Borrowers, Agent and the Lenders have previously entered into that certain Loan and Security Agreement dated as of October 27,
2009 (as amended, supplemented, restated and modified from time to time, the “Loan Agreement”), pursuant to which the Lenders have made certain loans and financial accommodations available to Borrowers. Terms used herein without
definition shall have the meanings ascribed to them in the Loan Agreement. 
 B. Parent and Agent have previously entered into
that certain Guaranty and Security Agreement dated as of October 27, 2009 (as amended, supplemented, restated and modified from time to time, the “Guaranty”), pursuant to which Parent has guarantied the loans and other
financial accommodations made available to Borrowers by Agent and the Lenders. 
 C. Borrowers have requested that Agent and the
Lenders amend the Loan Agreement and Parent has requested that Agent and the Required Lenders amend the Guaranty, which Agent and the Lenders are willing to do pursuant to the terms and conditions set forth herein. 

D. Borrowers and Parent are entering into this Amendment with the understanding and agreement that, except as specifically provided
herein, none of Agent’s or any Lender’s rights or remedies as set forth in the Loan Agreement or the Guaranty is being waived or modified by the terms of this Amendment. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1.
Amendments to Loan Agreement. 
 (a) The following definition is hereby added in alphabetical order to Section 1.1 of
the Loan Agreement: 
 “Pledged Cash: the funds maintained in a blocked Deposit Account of Borrowers, which may not
be withdrawn without the Agent’s prior consent (such consent not to be 

 
unreasonably withheld if (i) upon and after giving effect to such withdrawal, no Default or Event of Default shall have occurred and be continuing and (ii) immediately after such
withdrawal (for clarification, including after giving effect to any recalculation of the Borrowing Base upon giving effect to such withdrawal), Availability would be a positive number), and which are subject to effective security documents, in form
and substance satisfactory to Agent, that provide Agent with a perfected first priority security interest in and Lien on such funds.” 
 (b) The grid set forth in the definition of “Applicable Margin” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

 

							
	
            “Level          
  
	  	 Fixed Charge Coverage Ratio
	  	
Base Rate
            Revolver Loans     
       
	  	
LIBOR
            Revolver Loans      
      

	 I
	  	Greater than or equal to 1.50 to 1.00	  	1.00%	  	2.25%
	 II
	  	Less than 1.50 to 1.00 but greater than or equal to 1.30 to 1.00	  	1.20%	  	2.50%
	 III
	  	Less than 1.30 to 1.00	  	1.50%	  	2.75%”

 (c) The
definition of “Borrowing Base” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the LC Reserve, minus the Litigation
Reserve, minus the Availability Block minus the Fly Ash Reserve; or (b) the sum of the HRI Borrowing Base, plus the Tapco Borrowing Base, plus the Eldorado Borrowing Base, plus the SCP Borrowing Base,
plus 100% of Pledged Cash, minus the Availability Reserve.” 
 (d) The definition of “Dominion Trigger
Period” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

“Dominion Trigger Period: the period (a) commencing on the day that an Event of Default occurs, or Excess Availability is
less than 17% of the aggregate Revolver Commitments at any time; and (b) continuing until, during the preceding three (3) calendar months, no Event of Default has existed and Excess Availability has been greater than 17% of the aggregate
Revolver Commitments at all times.” 
 (e) Clause (g) of the definition of “Permitted Acquisition” in
Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “(g) the
aggregate purchase consideration payable (including deferred payment obligations) in respect of all Acquisitions made (i) during any calendar year shall not exceed $10,000,000 and (ii) during the term of this Agreement shall not exceed
$30,000,000;” 

  
 2 

 (f) The definition of “Permitted Asset Disposition” in Section 1.1 of the
Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “Permitted Asset Disposition:
(i) an Asset Disposition by any Obligor other than a Borrower, or (ii) as long as: (x) no Default or Event of Default exists (provided that, in the case of clauses (a) and (c) only, such Asset Dispositions will
continue to be permitted unless Agent has given Borrower Agent notice otherwise), and (y) in the case of clauses (a) and (c) only, all Net Proceeds are remitted to a Dominion Account, an Asset Disposition by a Borrower that is:
(a) a sale of Inventory in the Ordinary Course of Business; (b) a disposition of Equipment that, in the aggregate during any 12 month period, has a fair market or book value (whichever is more) of $5,000,000 or less; (c) a disposition
of Inventory that is obsolete, unmerchantable or otherwise unsalable in the Ordinary Course of Business; (d) a sale or grant of non-exclusive licenses of Intellectual Property entered into in the Ordinary Course of Business;
(e) termination of a lease of real or personal Property that is not necessary for the Ordinary Course of Business, could not reasonably be expected to have a Material Adverse Effect and does not result from a Borrower’s default;
(f) leases, sales or other dispositions of Property that, in the aggregate during any Fiscal Year, has a book value of $5,000,000 or less; (g) a disposition of Property (other than any Revolver Priority Collateral) that is exchanged for
credit against the purchase price of similar replacement property; (h) a transfer of Property by a Borrower to another Borrower; or (i) approved in writing by Agent and Required Lenders.” 

(g) The definition of “Revolver Termination Date” in Section 1.1 of the Loan Agreement is hereby amended and restated in
its entirety to read as follows: 
 “Revolver Termination Date: the earlier of: (x) three (3) months prior
to the final maturity date of the Senior Secured Notes or any of the Convertible Subordinated Notes (as defined in the Guaranty and Security Agreement dated as of October 27, 2009 between Parent and Agent) or, (y) October 27,
2014.” 
 (h) The first sentence of clause (b) of Section 10.1.1 of the Loan Agreement is hereby amended and
restated in its entirety to read as follows: 
 “(b) Reimburse Agent for all charges, costs and expenses of Agent in
connection with (i) examinations of any Obligor’s books and records or any other financial or Collateral matters as Agent deems appropriate, up to two times per Loan Year; and (ii) appraisals of Inventory up to one time per Loan Year;
provided, however, that if a Dominion Trigger Period is in effect, Borrowers shall reimburse Agent for one additional examination and one additional appraisal per Loan Year; provided, further, that if an examination or
appraisal is initiated during a Default or Event of Default, all charges, costs and expenses therefor shall be reimbursed by Borrowers without regard to such limits.” 
 (i) Section 10.2.8(c) of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “(c) Debt evidenced by the Senior Secured Notes Documents, except (i) mandatory payments due thereunder as in effect on the Closing Date (or as amended thereafter with the consent of the
Required Lenders), and (ii) voluntary prepayments on such Debt so long as (A)(1) no Event of Default exists, (2) Excess Availability is no less than 50% of the aggregate Revolver Commitments immediately after giving effect to any such

  
 3 

 
prepayment, and (3) Borrowers shall have delivered to Agent five Business Days prior written notice of any such prepayment accompanied by detailed calculations confirming that Borrowers are
in compliance with the requirements set forth in this clause (c)(ii)(A); or (B) if Excess Availability is less than 50% of the aggregate Revolver Commitments immediately after giving effect to any such prepayment, (1) no Event of Default
exists, (2) Excess Availability is no less than 20% of the aggregate Revolver Commitments immediately after giving effect to any such prepayment, (3) on a pro forma basis the Fixed Charge Coverage Ratio, measured on a trailing twelve
(12) month basis after giving effect to any such prepayment and recomputed for the most recent month for which financial statements have been delivered to Agent, is at least 1.0 to 1.0, and (4) Borrowers shall have delivered to Agent five
Business Days prior written notice of any such prepayment accompanied by detailed calculations confirming that Borrowers are in compliance with the requirements set forth in this clause (c)(ii)(B),” 

(j) Section 10.3 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

“10.3 Fixed Charge Coverage Ratio. As long as any Commitments or Obligations are outstanding, if Excess Availability is
ever less than an amount equal to 15% of the aggregate Revolver Commitments (the “FCCR Event”), Borrowers shall maintain a Fixed Charge Coverage Ratio, when measured at the end of the month ending immediately before the FCCR Event
and each month ending after the FCCR Event, on a trailing twelve (12) month basis, of at least 1.0 to 1.0.” 
 2.
Amendments to Guaranty. 
 (a) Section 5.2(g)(c) of the Guaranty is hereby amended and restated in its entirety to
read as follows: 
 “(c) Debt evidenced by the Senior Secured Notes Documents, except (i) mandatory payments due
thereunder as in effect on the Closing Date (or as amended thereafter with the consent of Agent), (ii) voluntary prepayments on such Debt so long as the conditions set forth in Section 10.2.8.(c)(ii) of the Loan Agreement have been
satisfied, or (iii) unless (A) the Refinancing Condition is satisfied, (B) subject to Agent’s consent, acquired in connection with an exchange for Debt or (C) so long as no Change of Control shall result therefrom, acquired
in connection with an exchange for Equity Interests;” 
 3. Waiver of Notice of Formation of Subsidiary. Parent has
informed Agent that, prior to the date hereof, Headwaters Plant Services, Inc., a Utah corporation (“HPS”) became a Subsidiary (as defined in the Guaranty) of Parent, however, Parent failed to notify Agent of HPS becoming a
Subsidiary (as defined in the Guaranty) within 10 days thereof as required by Section 5.1(h) of the Guaranty (the “Notice Failure”). Effective as of the date HPS became a Subsidiary (as defined in the Guaranty) of Parent, Agent
and the Required Lenders hereby waive the Notice Failure solely with respect to Section 5.1(h) of the Guaranty; provided, however, that Agent does not waive any of its rights to require Parent to cause HPS to become a Guarantor
under the Guaranty or a Borrower under the Loan Agreement in a manner satisfactory to Agent after the date hereof. 
 4.
Consent Regarding New Covol Subsidiaries. Parent has informed Agent that Headwaters Energy Services Corporation, a Utah corporation (“Energy Services”), intends to create five new Subsidiaries (as defined in the Guaranty) on
or after the date hereof (the “New Covol Subsidiaries”). Agent and the Required Lenders hereby consent to the formation of the New Covol Subsidiaries for 

  
 4 

 
purposes of Sections 5.1(h) and 5.2(i) of the Guaranty and acknowledge and agree that the New Covol Subsidiaries shall not be required to become Guarantors under the Guaranty pursuant to Sections
5.1(h) of the Guaranty so long as Energy Services is not an Obligor. 
 5. Limitation on Transfers of Assets to HPS. Each
of Parent and each Borrower hereby acknowledges and agrees that until such time as HPS becomes a Borrower under the Loan Agreement or a Guarantor under the Guaranty, neither Parent nor any Borrower shall make any Distributions, transfer any assets,
make any capital contributions or make any loans or other advances of money to HPS. The failure of Parent or Borrowers to comply with this Section 5 shall constitute an Event of Default. 

6. Effectiveness of this Amendment. The following shall have occurred before this Amendment is effective: 

(a) Amendment. Agent shall have received this Amendment, fully executed in a sufficient number of counterparts for distribution to
all parties. 
 (b) Representations and Warranties. The representations and warranties set forth herein must be true and
correct. 
 (c) Amendment Fee. Agent shall have received, for the ratable benefit of the Lenders, a non-refundable
amendment fee in the amount of one hundred seventy-five thousand Dollars ($175,000), which shall be fully earned and due and payable on the date of this Amendment. 
 (d) No Default. No event has occurred and is continuing that constitutes an Event of Default. 
 (e) Other Required Documentation. All other documents and legal matters in connection with the transactions contemplated by this Amendment shall have been delivered or executed or recorded and
shall be in form and substance satisfactory to Agent. 
 7. Representations and Warranties. Each of Parent and each
Borrower represents and warrants as follows: 
 (a) Authority. Each of Parent and such Borrower has the requisite power
and authority to execute and deliver this Amendment, and to perform its obligations hereunder and under the Loan Documents (as amended or modified hereby) to which it is a party. The execution, delivery and performance by each of Parent and such
Borrower of this Amendment have been duly approved by all necessary action and no other proceedings are necessary to consummate such transactions. 
 (b) Enforceability. This Amendment has been duly executed and delivered by each of Parent and such Borrower. This Amendment and each Loan Document to which Parent or such Borrower is a party (as
amended or modified hereby) is the legal, valid and binding obligation of Parent and such Borrower, enforceable against Parent and such Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or
similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity, and is in full force and effect. 
 (c) Representations and Warranties. The representations and warranties contained in each Loan Document to which Parent or such Borrower is a party (other than any such representations or warranties
that, by their terms, are specifically made as of a date other than the date hereof) are correct on and as of the date hereof as though made on and as of the date hereof. 

  
 5 

 (d) Due Execution. The execution, delivery and performance of this Amendment are
within the power of each of Parent and such Borrower, have been duly authorized by all necessary corporate action, have received all necessary governmental approval, if any, and do not contravene any law or any contractual restrictions binding on
Parent or such Borrower. 
 (e) No Default. No event has occurred and is continuing that constitutes an Event of Default.

 8. Choice of Law. The validity of this Amendment, its construction, interpretation and enforcement, the rights of the
parties hereunder, shall be determined under, governed by, and construed in accordance with the internal laws of the State of California, without giving effect to any conflict of law principles (but giving effect to Federal laws relating to national
banks). The consent to forum and arbitration provisions set forth in Section 14.15 of the Loan Agreement are hereby incorporated in this Amendment by reference. 
 9. Counterparts. This Amendment may be executed in any number of counterparts and by different parties and separate counterparts, each of which when so executed and delivered, shall be deemed an
original, and all of which, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by telefacsimile or a substantially similar electronic transmission shall have
the same force and effect as the delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile or a substantially similar electronic transmission shall also deliver an
original executed counterpart, but the failure to do so shall not affect the validity, enforceability or binding effect of such agreement. 
 10. Reference to and Effect on the Loan Documents. 
 (a) Upon and after the
effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Loan Agreement, and each reference in the other Loan Documents to
“the Loan Agreement”, “thereof” or words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement as modified and amended hereby. Upon and after the effectiveness of this Amendment, each
reference in the Guaranty to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Guaranty, and each reference in the other Loan Documents to “the Guaranty”, “thereof” or
words of like import referring to the Guaranty, shall mean and be a reference to the Guaranty as modified and amended hereby. 

(b) Except as specifically amended above, the Loan Agreement, the Guaranty and all other Loan Documents are and shall continue to be in
full force and effect and are hereby in all respects ratified and confirmed and shall constitute the legal, valid, binding and enforceable obligations of Parent and Borrowers, as applicable, to Agent and the Lenders. 

(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of Agent or any Lender under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
 (d) To the extent that any terms and conditions in any of the Loan Documents shall contradict or be in conflict with any terms or conditions of the Loan Agreement, after giving effect to this Amendment,
such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Loan Agreement as modified or amended hereby. 

  
 6 

 11. Ratification. Each Borrower hereby restates, ratifies and reaffirms each and
every term and condition set forth in the Loan Agreement, as amended hereby, and the Loan Documents effective as of the date hereof, and Parent hereby restates, ratifies and reaffirms each and every term and condition set forth in the Guaranty, as
amended hereby, and the Loan Documents effective as of the date hereof. 
 12. Estoppel. To induce Lenders to enter into
this Amendment and to continue to make advances to Borrowers under the Loan Agreement, each Borrower and Parent hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor
of such Borrower or Parent as against Agent or any Lender with respect to the Obligations. 
 13. Integration. This
Amendment, together with the other Loan Documents, incorporates all negotiations of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter
hereof. 
 14. Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such
provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

[Remainder of Page Left Intentionally Blank] 

  
 7 

 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written. 
  

			
	BORROWERS:
	
	HEADWATERS RESOURCES, INC.,
	a Utah corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	METAMORA PRODUCTS CORPORATION OF ELKLAND,
	a Pennsylvania corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	HEADWATERS SERVICES CORPORATION,
	a Utah corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	HEADWATERS CONSTRUCTION MATERIALS, INC.,
	a Utah corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	HCM UTAH, LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

  
 8 

			
	HEADWATERS CONSTRUCTION MATERIALS, LLC,
	a Texas limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	HCM STONE, LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	DUTCH QUALITY STONE, INC.,
	an Ohio corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	ELDORADO SC-ACQUISITION CO.,
	a Utah corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	ELDORADO G-ACQUISITION CO.,
	a Utah corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	ELDORADO STONE LLC,
	a Delaware limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

  
 9 

			
	ELDORADO STONE ACQUISITION CO., LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	ELDORADO STONE FUNDING CO., LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	STONECRAFT MANUFACTURING, LLC,
	an Ohio limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	CHIHUAHUA STONE, LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	ELDORADO STONE OPERATIONS, LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	L-B STONE, LLC,
	a Utah limited liability company
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

  
 10 

			
	TAPCO INTERNATIONAL CORPORATION,
	a Michigan corporation
		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	 METAMORA PRODUCTS CORPORATION,
 a Michigan corporation

		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	 MTP, INC.,

an Ohio corporation

		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	 ATLANTIC SHUTTER SYSTEMS, INC.,
 a South Carolina corporation

		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	 INSPIRE SERVICES, LLC,
 a Michigan limited liability company

		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

	
	 STONECRAFT SALES, LLC,
 a Michigan limited liability company

		
	By:	 	 /s/ Harlan M. Hatfield

	Name:	 	     Harlan M. Hatfield

	Title:	 	     Vice President

  
 11 

			
	PARENT:
	
	 HEADWATERS INCORPORATED,
 a Delaware corporation

		
	By:	 	 /s/ Scott Jackson

	Name:	 	     Scott Jackson

	Title:	 	     Treasurer

	
	AGENT AND LENDERS:
	
	 BANK OF AMERICA, N.A.,
 as Agent and as a Lender

		
	By:	 	 /s/ Todd Eggertsen

	Name:	 	    Todd Eggertsen
	Title:	 	    Vice President
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	 /s/ Gregg L. Corey

	Name:	 	     Gregg L. Corey

	Title:	 	     Vice President

	
	 ZIONS FIRST NATIONAL BANK,
 as a Lender

		
	By:	 	 /s/s Tracy A. Groll

	Name:	 	     /s/ Tracy A. Groll

	Title:	 	     Senior Vice President

  
 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]