Document:

Exhibit 10.9

 

FS DEVELOPMENT CORP. II

 

600 Montgomery Street, Suite 4500

 

San Francisco, California 94111

 

, 2021

 

FS Development Holdings II, LLC

600 Montgomery Street, Suite 4500

San Francisco, California 94111

 

Re: Administrative Services
Agreement

 

Ladies and Gentlemen:

 

This letter agreement
(this “Agreement”) by and between FS Development Corp. II (the “Company”) and
FS Development Holdings II, LLC (the “Sponsor”), dated as of the date hereof, will confirm our agreement
that, commencing on the date the securities of the Company are first listed on The Nasdaq Capital Market (the “Listing
Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and
Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation
by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration
Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

1. The
Sponsor shall make available, or cause to be made available, to the Company, at 600 Montgomery Street, Suite 4500, San Francisco,
California 94111 (or any successor location), office space and secretarial and administrative services as may be reasonably required
by the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and

 

2. The
Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or
arising out of, this Agreement (each, a “Claim”) in or to, and any and all right to seek payment of any
amounts due to it out of, the trust account established for the benefit of the public stockholders of the Company and into which
substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”),
and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim
would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and
further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies
or other assets in the Trust Account for any reason whatsoever.

 

This Agreement constitutes
the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject
matter hereof or the transactions contemplated hereby.

 

This Agreement may
not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may
assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the
other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer
or assign any interest or title to the purported assignee.

 

This Agreement constitutes
the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute,
law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	FS DEVELOPMENT CORP. II
	 	 
	 	By:	
	 	Name: 	Jim Tananbaum
	 	Title: 	Chief Executive Officer

 

	AGREED AND ACCEPTED BY:	 
	 	 
	FS DEVELOPMENT HOLDINGS II, LLC	 
	 	 
	By:	FORESITE CAPITAL FUND V, L.P., its	 
		sole member	 

 

	By:	FORESITE CAPITAL MANAGEMENT	 
	 	V, LLC, its general partner	 
	 	 	 
	By:		 
	 	Name: Dennis Ryan	 
	 	Title: Chief Financial Officer	 

 

[Signature Page to Administrative Services
Agreement]EX-4.1

 Exhibit 4.1 

FOURTH SUPPLEMENTAL INDENTURE 

FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of January 26, 2021, among PGT INNOVATIONS,
INC., a Delaware corporation (the “Issuer”), the guarantors party hereto (the “Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
PGT Escrow Issuer, Inc., a wholly owned subsidiary of the Issuer (the “Escrow Issuer”), and the Trustee previously executed and delivered an indenture, dated as of August 10, 2018 relating to the issuance of 6.75% Senior Notes
due 2026 (the “Original Indenture”); 
 WHEREAS, pursuant to and on the date of the Original Indenture, the Escrow Issuer
initially issued $315,000,000 aggregate principal amount of its 6.75% Senior Notes due 2026 (the “Initial Notes”); 

WHEREAS, the Issuer, the guarantors party thereto and the Trustee previously executed and delivered a First Supplemental Indenture dated as of
August 13, 2018 (the “First Supplemental Indenture”) reflecting the merger of Escrow Issuer with and into the Issuer, with Issuer becoming the successor issuer of the Initial Notes, and the guarantee of the Initial Notes by the
guarantors party thereto; 
 WHEREAS, the Issuer, the guarantors party thereto and the Trustee previously executed and delivered a Second
Supplemental Indenture, dated as of January 24, 2020 (the “Second Supplemental Indenture”) reflecting the issuance of an additional $50,000,000 aggregate principal amount of the Issuer’s 6.75% Senior Notes due 2026
(together with the Initial Notes, the “Existing Notes”) and the guarantee of such additional notes by the guarantors party to the Second Supplemental Indenture; 

WHEREAS, the Issuer, certain additional guarantors (as set forth in the Third Supplemental Indenture) and the Trustee previously executed and
delivered a Third Supplemental Indenture, dated as of February 1, 2020 (the “Third Supplemental Indenture” and, together with the Original Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, the
“Indenture”) reflecting the unconditional guarantee of such additional guarantors to the Issuer’s obligations under the Existing Notes; 

WHEREAS, Section 2.01(e) of the Indenture provides that Additional Notes may be issued from time to time by the Issuer (subject to the
Issuer’s compliance with Section 4.10 of the Indenture) without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and, except as set forth therein, shall have the same terms
as to status, redemption or otherwise as the Initial Notes; 
 WHEREAS, the Issuer and the Guarantors desire to execute and deliver this
Supplemental Indenture for the purpose of the issuance by the Issuer, and the guarantee by the Guarantors, of an additional $60,000,000 aggregate principal amount of 6.75% Senior Notes due 2026, having terms substantially identical in all material
respects to the Initial Notes (the “Additional 2026 Notes” and, together with the Existing Notes, the “Notes”) to be authenticated and delivered as provided in this Indenture; 

 WHEREAS, all conditions and requirements necessary to the execution and delivery of this
Supplemental Indenture have been done and performed and the execution and delivery hereof has been in all respects duly authorized; and 

WHEREAS, Section 9.01(6) of the Indenture provides that the Issuer, the Guarantors and the Trustee may supplement the Indenture without
the consent of any Holder to provide for the issuance of Additional Notes in accordance with the terms of the Indenture. 
 NOW, THEREFORE,
in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1.         Defined Terms. As used in this Supplemental Indenture, terms defined
in the Indenture or in the preamble or recital hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2.         Additional Notes. As of the date hereof, the Issuer will issue, the
Guarantors will guarantee and the Trustee is directed to authenticate and deliver, pursuant to Section 2.01(e) of the Indenture, the Additional 2026 Notes in an aggregate principal amount of $60,000,000, which constitute Additional Notes under
the Indenture, having terms identical to the Initial Notes (other than issue date and the date from which interest accrues), at an issue price of 105.500%, plus accrued and unpaid interest from August 1, 2020. The interest on the Additional
2026 Notes shall be deemed to have accrued from August 1, 2020. The Existing Notes and the Additional 2026 Notes shall be treated as a single class for all purposes, including voting, under the Indenture. The Additional 2026 Notes shall be
substantially in the form of Exhibit A to the Indenture and shall bear the Private Placement Legend. 

(3)         Necessary Actions. Each of the Issuer and the Guarantors hereby
represents and warrants that all actions necessary to give effect to this Supplemental Indenture have been taken. The Company shall execute and the Trustee shall, pursuant to an Officer’s Certificate delivered as of the date hereof,
authenticate the Additional Notes in substantially the form included in the Indenture. 

(4)         Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW THAT WOULD INDICATE THE APPLICABILITY OF THE LAWS OF ANY OTHER JURISDICTION. 

  
 -2- 

 (5)         Counterparts. The
parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

(6)         Effect of Headings. The Section headings herein are for convenience
only and shall not affect the construction thereof. 
 (7)         The
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely
by the Issuer and the Guarantors. The Trustee shall not be accountable for the use or application by the Issuer of the Initial Notes or any Additional Notes or the proceeds thereof. 

(8)         Continued Effect. Except as expressly supplemented and amended by
this Supplemental Indenture, the Indenture shall continue in full force and effect in accordance with the provisions thereof, and the Indenture (as supplemented and amended by this Supplemental Indenture) is in all respects hereby ratified and
confirmed. This Supplemental Indenture and all the terms and conditions of this Supplemental Indenture, with respect to the Notes, shall be and be deemed to be part of the terms and conditions of the Indenture for any and all purposes. 

[The remainder of this page is intentionally left blank.] 

  
 -3- 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be
duly executed as of the date first above written. 
  

					
	PGT INNOVATIONS, INC.
		
	By:	 	 /s/ Brad West

	Name:	 	 Brad West

	Title:	 	 Senior Vice President of Corporate Development and Treasurer

	
	PGT INDUSTRIES, INC.
	CGI WINDOWS AND DOORS HOLDINGS, INC.
	CGI WINDOWS AND DOORS, INC.
	WINDOOR INCORPORATED
	LTE, LLC
	CGI COMMERCIAL, INC.
	COYOTE ACQUISITION CO.
	as Guarantors
		
	By:	 	 /s/ Brad West

	Name:	 	 Brad West

	Title:	 	 Vice President

	
	WWS ACQUISITION, LLC
	as Guarantor
		
	By:	 	 /s/ Brad West

	Name:	 	 Brad West

	Title:	 	 Vice President and Treasurer

  
  
  

[Signature Page to Fourth Supplemental Indenture] 

 
			
	 NEWSOUTH WINDOW SOLUTIONS, LLC

DOERS WINDOW MANUFACTURING, LLC

	 NEWSOUTH WINDOW SOLUTIONS OF TAMPA BAY, LLC

NEWSOUTH WINDOW SOLUTIONS OF BONITA SPRINGS, LLC

NEWSOUTH WINDOW SOLUTIONS OF WEST PALM BEACH, LLC

NEWSOUTH WINDOW SOLUTIONS OF FT. LAUDERDALE, LLC

NEWSOUTH WINDOW SOLUTIONS OF JACKSONVILLE, LLC

	 NEWSOUTH WINDOW SOLUTIONS OF ORLANDO, LLC,

	as Guarantors
		
	By:	 	 /s/ Sherri Baker

	Name:	 	Sherri Baker
	Title:	 	Treasurer
	
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	 /s/ Felicia H. Powell

	Name:	 	Felicia H. Powell
	Title:	 	Vice President

  
  
  

[Signature Page to Fourth Supplemental Indenture]

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