Document:

bld_EX10_3

		
			Exhibit 10.3
		

		
			 
		

		
			EXHIBIT  A
		

		
			 
		

		
			[Form of] 
		

		
			Loan Notice
		

		
			 
		

		
			TO:                  Bank of America, N.A., as Administrative Agent
		

		
			 
		

		
			RE:                  Credit Agreement, dated as of May 5, 2017, by and among TopBuild Corp., a Delaware corporation (the “Borrower”), the Guarantors, the Lenders and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement)
		

		
			 
		

		
			DATE:             [Date]1
		

		
			 
		

		
			 
		

		
			The undersigned hereby requests (select one):
		

		
			 
		

		
			☐  A Borrowing of [Revolving Credit] [Term] Loans
		

		
			☐  A [conversion] or [continuation] of [Revolving Credit][Term] Loans
		

		
			---
		

		
			1.         On _______________ (the “Credit Extension Date”) 2
		

		
			 
		

		
			2.         In the amount of $_______________3
		

		
			 
		

		
			3.         Comprised of:  ☐  Base Rate Loans
		

		
			 ☐  Eurodollar Rate Loans
		

		
			 
		

		
			4.         For Eurodollar Rate Loans:  with an Interest Period of _______ months 4
		

		
			 
		

		
			[After giving effect to the Revolving Credit Borrowing requested herein, the Total Revolving Credit Outstandings will not exceed the Revolving Credit Facility.] 5
		

		
			 
		

		

			
	
			
				 1
			

			
	
			
			Must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans.

			
	
			
				 2
			

			
	
			
			Must be a Business Day.

			
	
			
				 3
			

			
	
			
			Must be in a minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

			
	
			
				 4
			

			
	
			
			One, two, three or six months.

			
	
			
				 5
			

			
	
			
			Include this sentence in the case of a Revolving Credit Borrowing.

		
			 
		

		
			
		

		
			

		 

		

			Exhibit A

		

		

			Form of Committed Loan Notice

		

 

		

		
			The Borrower hereby represents and warrants that the conditions specified in Section 4.02 of the Credit Agreement shall be satisfied on and as of the date of the Credit Extension Date.
		

		
			 
		

		
			Delivery of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.
		

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
		

		
			
		

		
			

		 

		

			Exhibit A

		

		

			Form of Committed Loan Notice

		

 

		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit A

		

		

			Form of Committed Loan Notice

		

 

		

		
			EXHIBIT B
		

		
			 
		

		
			[Form of] 
		

		
			Swing Line Loan Notice
		

		
			 
		

		
			TO:                  Bank of America, N.A., as Administrative Agent and Swing Line Lender
		

		
			 
		

		
			RE:                  Credit Agreement, dated as of May 5, 2017, by and among TopBuild Corp., a Delaware corporation, (the “Borrower”), the Guarantors, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement)
		

		
			 
		

		
			DATE:            [Date] 1
		

		
			 
		

		
			 
		

		
			The undersigned hereby requests a Swing Line Loan:
		

		
			 
		

		
			1.         On ___________________________ (the “Credit Extension Date”). 2
		

		
			 
		

		
			2.         In the amount of $____________________.  3
		

		
			 
		

		
			After giving effect to the Swing Line Loan requested herein, the Total Revolving Credit Outstandings will not exceed the Revolving Credit Facility at such time.  The Borrower will not use the proceeds of the Swing Line Loans requested herein to refinance any outstanding Swing Line Loan.
		

		
			 
		

		
			The Borrower hereby represents and warrants that the conditions specified in Section 4.02 shall be satisfied on and as of the date of the Credit Extension Date.
		

		
			 
		

		
			Delivery of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 
		

		
			 
		

		
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				 1
			

			
	
			
			Must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date.

			
	
			
				 2
			

			
	
			
			Must be a Business Day.

			
	
			
				 3
			

			
	
			
			Must be a minimum of $100,000.

		
			 
		

		
			
		

		
			

		 

		

			Exhibit B

		

		

			Form of Swing Line Notice

		

 

		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit B

		

		

			Form of Swing Line Notice

		

 

		

		
			EXHIBIT C-1
		

		
			 
		

		
			[Form of]
		

		
			Term Note
		

		
			[__________,  _____]
		

		
			 
		

		
			FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to [____________________] or its registered assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Term Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of May 5,  2017 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined unless otherwise defined herein), among the Borrower, the Guarantors, the Lender and the other lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender.
		

		
			 
		

		
			The Borrower promises to pay interest on the unpaid principal amount of each Term Loan made by the Lender from the date of such Term Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement.  All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Dollars in immediately available funds at the Administrative Agent’s Office.  If any principal amount is not paid in full when due hereunder, such unpaid amount shall bear interest from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement.
		

		
			 
		

		
			This Term Note is one of the Term Notes referred to in the Credit Agreement and the holder is entitled to the benefits thereof.  Each Term Loan made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.  The Lender may also attach schedules to this Term Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. This Term Note evidences and renews a portion of the indebtedness previously evidenced by the Credit Agreement, on which all required Florida documentary stamp taxes were previously paid.  This Term Note is exempt from Florida documentary stamp taxes as a renewal note under Fla. Stat. §201.09.
		

		
			 
		

		
			The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Term Note.
		

		
			 
		

		
			Delivery of an executed counterpart of a signature page of this Term Note by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Term Note.
		

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit C-1

		

		

			Form of Term Note

		

 

		

		
			 
		

		
			THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit C-1

		

		

			Form of Term Note

		

 

		

		
			EXHIBIT C-2
		

		
			 
		

		
			[Form of] 
		

		
			Revolving Credit Note
		

		
			[__________, _____]
		

		
			 
		

		
			FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to [____________________] or its registered assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Credit Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of May 5, 2017 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined unless otherwise defined herein), among the Borrower, the Guarantors, the Lender and other lenders from time to time party  thereto, and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender.
		

		
			 
		

		
			The Borrower promises to pay interest on the unpaid principal amount of each Revolving Credit Loan from the date of such Revolving Credit Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement.  Except as otherwise provided in Section 2.04(f) of the Credit Agreement with respect to Swing Line Loans, all payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Dollars in immediately available funds at the Administrative Agent’s Office.  If any principal amount is not paid in full when due hereunder, such unpaid amount shall bear interest from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement.
		

		
			 
		

		
			This Revolving Credit Note is one of the Revolving Credit Notes referred to in the Credit Agreement, and the holder is entitled to the benefits thereof.  Revolving Credit Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.  The Lender may also attach schedules to this Revolving Credit Note and endorse thereon the date, amount and maturity of its Revolving Credit Loans and payments with respect thereto. This Revolving Credit Note evidences and renews a portion of the indebtedness previously evidenced by the Credit Agreement, on which all required Florida documentary stamp taxes were previously paid.  This Revolving Credit Note is exempt from Florida documentary stamp taxes as a renewal note under Fla. Stat. §201.09.
		

		
			 
		

		
			The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Revolving Credit Note.
		

		
			 
		

		
			Delivery of an executed counterpart of a signature page of this Revolving Credit Note by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Revolving Credit Note.
		

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
		

		
			
		

		
			

		 

		

			Exhibit C-2

		

		

			Form of Revolving Credit Note

		

 

		

		
			THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit C-2

		

		

			Form of Revolving Credit Note

		

 

		

		
			EXHIBIT D-1
		

		
			 
		

		
			[Form of] 
		

		
			Compliance Certificate
		

		
			 
		

		
			Financial Statement Date:  [________,  ____]
		

		
			 
		

		
			TO:                  Bank of America, N.A., as Administrative Agent
		

		
			 
		

		
			RE:                  Credit Agreement, dated as of May 5, 2017, by and among TopBuild Corp., a Delaware corporation (the “Borrower”), the Guarantors, the Lenders and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement)
		

		
			 
		

		
			DATE:            [Date]
		

		
			 
		

		
			 
		

		
			The undersigned Responsible Officer hereby certifies, solely in his capacity as an officer of the Borrower (and not in any personal capacity), as of the date hereof that [he/she] is the [__________________]1  of the Borrower, and that, as such, [he/she] is authorized to execute and deliver this Certificate to the Administrative Agent on the behalf of the Borrower and the other Loan Parties, and that:
		

		
			 
		

		
			[Use following paragraph 1 for fiscal year-end financial statements]
		

		
			 
		

		
			1.         The Borrower has delivered the fiscal year-end audited consolidated balance sheet required by Section 6.01(a) of the Credit Agreement for the fiscal year of the Borrower and its Restricted Subsidiaries ended as of the above date, together with the opinion of an independent certified public accountant required by such section, and the related consolidated statements of income or operations, changes in shareholders’ equity and cash flows for such fiscal year.
		

		
			 
		

		
			[Use following paragraph 1 for fiscal quarter-end financial statements]
		

		
			 
		

		
			1.         The Borrower has delivered the unaudited consolidated financial statements required by Section 6.01(b) of the Credit Agreement for the fiscal quarter of the Borrower and its Restricted Subsidiaries ended as of the above date.  Such consolidated financial statements fairly present in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Restricted Subsidiaries in accordance with GAAP as at such date and for such period, subject only to normal year-end audit adjustments and the absence of footnotes.
		

		
			 
		

		

			
	
			
				 1
			

			
	
			
			This certificate should be from the chief executive officer, chief financial officer, treasurer or controller of the Borrower.

		
			 
		

		
			
		

		
			

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			2.         The undersigned has reviewed and is familiar with the terms of the Credit Agreement and has made, or has caused to be made under [his/her] supervision, a detailed review of the transactions and financial condition of the Borrower and its Subsidiaries during the accounting period covered by such financial statements.
		

		
			 
		

		
			3.         A review of the activities of the Borrower and its Subsidiaries during such fiscal period has been made under the supervision of the undersigned with a view to determining whether during such fiscal period the Borrower and each of the other Loan Parties performed and observed all of its obligations under the Loan Documents, and 
		

		
			 
		

		
			[select one:]
		

		
			 
		

		
			[to the knowledge of the undersigned, no Default has occurred and is continuing during such fiscal period.] 
		

		
			 
		

		
			--or—
		

		
			 
		

		
			[to the knowledge of the undersigned, the following is a list of each Default that has occurred and is continuing during such fiscal period and its nature and status:]
		

		
			 
		

		
			4.         The representations and warranties of the Borrower and each other Loan Party contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection therewith, are true and correct in all material respects on and as of the date hereof (except to the extent that such representations and warranties specifically refer to an earlier date, which representations and warranties were true and correct in all material respects as of such earlier date), and except that for purposes of this Compliance Certificate, the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement, including the statements in connection with which this Compliance Certificate is delivered.
		

		
			 
		

		
			5.         The financial covenant analyses and information as of the end of the fiscal quarter ended on the Financial Statement Date and set forth on Schedule A attached hereto are true and accurate on and as of the date of this Certificate.
		

		
			 
		

		
			6.         Schedule B contains a true and accurate listing of each Unrestricted Subsidiary designated as of the date of this Certificate, together with a summary statement reflecting adjustments necessary to eliminate the accounts of such Unrestricted Subsidiaries from such consolidated financial statements.
		

		
			 
		

		
			[7.        [To be included for fiscal year-end Compliance Certificate.]  Attached hereto as Schedule C is a supplement to Schedule 5.17 to the Credit Agreement setting forth (A) a list of registration numbers for all patents, trademarks, and copyrights of any Loan Party registered with the U.S. Patent and Trademark Office and the U.S. Copyright Office during such fiscal year and (B) a list of all patent applications, trademark applications, and copyright applications submitted 
		

		
			
		

		
			

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			by any Loan Party to the U.S. Patent and Trademark Office or the U.S. Copyright Office during such fiscal year.]
		

		
			 
		

		
			Delivery of an executed counterpart of a signature page of this Certificate by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Certificate.
		

		
			 
		

		
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			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate, on behalf of the Borrower, as of the date first set forth above.
		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			Schedule A
		

		
			 
		

		
			For the Fiscal Quarter/Fiscal Year ended ___________________, ____ 
		

		
			(the “Financial Statement Date”)
		

		
			 
		

		
			SCHEDULE 1
to the Compliance Certificate
($ in 000’s)
		

		
			 
		

			
					
						I.                Section 7.11(a) – Consolidated Net Leverage Ratio

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						A.   Consolidated EBITDA for the most recent Measurement Period ending on the Financial Statement Date10:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						1.      Consolidated Net Income for the Measurement Period:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						a.   Net income (or loss) of the Borrower and its Restricted Subsidiaries on a consolidated basis minus (or plus, in the case of losses), to the extent included therein, (i) the net income of any Restricted Subsidiary during such Measurement Period to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of such income is not permitted by operation of the terms of its Organization Documents or any agreement, instrument or Law applicable to such Restricted Subsidiary during such Measurement Period, except that the Borrower’s equity in any net loss of any such Restricted Subsidiary for such Measurement Period shall be included in determining Consolidated Net Income, and (ii) any income (or loss) for such Measurement Period of any Person if such Person is not a Subsidiary, except that the Borrower’s equity in the net income of any such Person for such Measurement 

					
					
						$______

				

		
			 
		

		

			
	
			
				 1.
			

			
	
			
			Consolidated EBITDA for any period may include EBITDA of any Acquired Business that is acquired during such period, calculated on a pro forma basis as if such Acquired Business was acquired at the beginning of such period (without duplication with respect to the adjustments in calculating Consolidated EBITDA but giving effect to any reasonably expected synergies in an amount not to exceed 10% of the Consolidated EBITDA of the Parent and its Subsidiaries (other than Excluded Subsidiaries), or such other amount as may be agreed between Parent and Administrative Agent) only if (A) the financial statements of such Acquired Business or new Subsidiary have been audited, for the period sought to be included, by an independent accounting firm satisfactory to the Administrative Agent or (B) the Administrative Agent consents to such inclusion after being furnished with other acceptable financial statements. Furthermore, the EBITDA may be further adjusted (other than when calculating the financial covenant set forth in Section 7.11(a) if the Credit Agreement) to add-back non-recurring private company expenses which are discontinued upon such acquisition (such as owner’s compensation), as approved by the Administrative Agent. Simultaneously with the delivery of the financial statements referred to in clause (A) and clause (B) above, a Responsible Officer of the Parent shall deliver to the Administrative Agent a Compliance Certificate and appropriate documentation certifying the historical operating results, adjustments and balance sheet of the Acquired Business.

		
			
		

		

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

	
					
						

					
						 

				
	
					
						Period shall be included in Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such Measurement Period to the Borrower or a Restricted Subsidiary as a dividend or other distribution (and in the case of a dividend or other distribution to a Restricted Subsidiary, such Restricted Subsidiary is not precluded from further distributing such amount to the Borrower as described in subclause (i) of this clause (a))

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						minus, to the extent included in the calculation of Consolidated Net Income for the Measurement Period and without duplication

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						2.      Interest income

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						3.      income tax credits and refunds (to the extent not netted from tax expense)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						4.      any cash payments made during such period in respect of items described in clauses (10) through (13) below subsequent to the fiscal quarter in which the relevant non-cash expenses or losses were incurred

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						5.      extraordinary, unusual or non-recurring non-cash income or gains realized

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						6.      any other non-cash items of income or gains

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						plus,  

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						7.      interest expense in accordance with GAAP

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						8.      Federal, state, local and foreign income taxes, paid or accrued

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						9.      depreciation and amortization expense

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						10.    extraordinary, unusual or non-recurring non-cash expenses, losses or charges which do not represent a cash charge in any future period (including any such expense, loss or charge from discontinued operations

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						11.    non-cash restructuring and rationalization charges and non-cash charges related to impairment of long-lived assets, intangible assets and goodwill

					
					
						$______

				

		
			 
		

		
			
		

		

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

	
					
						

					
						12.    non-cash expenses related to stock based compensation (other than with respect to phantom stock and stock appreciation rights)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						13.    other non-cash charges of any kind

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						14.    cash restructuring and rationalization charges taken during the during such period in an aggregate amount not to exceed $5,000,000 during any Measurement Period and $10,000,000 during the term of the Credit Agreement

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						15.    any losses for such period attributable to the early extinguishment of Indebtedness or obligations under any Hedge Agreement

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						16.    the Owens Corning Settlement Amount, to the extent paid during such Measurement Period

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						17.    cash fees and expenses incurred in connection with acquisitions, equity issuances and debt incurrences that are not otherwise capitalized (regardless of whether consummated)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						18.     Consolidated EBITDA 
(Lines I.A.1.a – 2 – 3 – 4 – 5 – 6  + 7 + 8 + 9 + 10 + 11 + 12 + 13 + 14 +15 + 16 +17)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						II.              Consolidated Fixed Charge Coverage Ratio  

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						A.           Consolidated EBITDA (line I.A.18 above)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						B.            Aggregate amount of all non-financed Capital Expenditures of the Borrower and its Restricted Subsidiaries

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						C.            the aggregate amount of Federal, state, local and foreign income taxes paid in cash by the Borrower and its Restricted Subsidiaries

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						D.            Consolidated Interest Charges:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						1.     all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						2.     all interest paid or payable with respect to discontinued operations

					
					
						$______

				
	
					
						 

					
					
						 

				

		
			 
		

		
			
		

		

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						3.     the portion of rent expense under Capitalized Leases that is treated as interest in accordance with GAAP, in each case, of or by the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						E.            Consolidated Interest Charges (Lines II.D.1+2+3)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						F.            the aggregate principal amount of all regularly scheduled principal payments made in cash (after giving effect to any prepayments prior to such Measurement Period paid in cash that reduce the amount of such required payments) of outstanding Indebtedness for borrowed money (excluding the Revolving Credit Loans, payments to reimburse any drawings under any commercial letters of credit, and any payments on Indebtedness required to be made on the final maturity date thereof, and excluding any such payments to the extent refinanced through the incurrence of additional Indebtedness otherwise expressly permitted under Section 7.02 of the Credit Agreement)

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						G.            the aggregate amount of all Restricted Payments made in cash pursuant to Section 7.06(g) of the Credit Agreement (but excluding the amount of stock repurchases, whether or not pursuant to any accelerated share repurchase program) of or by the Borrower and its Restricted Subsidiaries for the most recently completed Measurement Period 

					
					
						$______

				
	
					
						 

					
					
						 

				
	
					
						H.            Ratio ((II.A – B – C) / (II.E + F + G))

					
					
						___ to
 1.00

				
	
					
						 

					
					
						 

				
	
					
						I.             Minimum Fixed Charge Coverage Ratio

					
					
						1.25 to
 1.00

				
	
					
						 

					
					
						 

				
	
					
						In compliance?

					
					
						YES / NO

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			Schedule B
		

		
			 
		

		
			List of Unrestricted Subsidiaries designated as of the date of this 
		

		
			Compliance Certificate and Summary of Adjustments:
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER] 
		

		
			 
		

		
			
		

		
			

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			[Schedule C
		

		
			 
		

		
			Supplement to Schedule 5.17 to Credit Agreement]
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER] 
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit D-1

		

		

			Form of Compliance Certificate

		

 

		

		
			EXHIBIT D-2
		

		
			 
		

		
			[Form of] 
		

		
			Security Joinder Agreement
		

		
			 
		

		
			THIS SECURITY JOINDER AGREEMENT (this “Agreement”), dated as of [__________, ____], is by and among [_____________________, a ______________________] (the “Subsidiary Guarantor”), TopBuild Corp., a Delaware corporation (the “Borrower”), and Bank of America, N.A., in its capacity as administrative agent (in such capacity, the “Administrative Agent”) under that certain Credit Agreement, dated as of May 5, 2017 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”), by and among the Borrower, the Guarantors, the Lenders and the Administrative Agent.  Capitalized terms used herein but not otherwise defined shall have the meanings provided in the Credit Agreement.
		

		
			 
		

		
			The Subsidiary Guarantor is a Material Subsidiary or a Restricted Subsidiary, which the Loan Parties are required by Section 6.12(a) of the Credit Agreement to cause to become a “Guarantor” thereunder.
		

		
			 
		

		
			Accordingly, the Subsidiary Guarantor and the Borrower hereby agree as follows with the Administrative Agent, for the benefit of the Lenders:
		

		
			 
		

		
			1.         The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to and a “Guarantor” under the Credit Agreement and shall have all of the obligations of a Guarantor thereunder as if it had executed the Credit Agreement.  The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to Guarantors contained in the applicable Loan Documents, including, without limitation (a) all of the representations and warranties set forth in Article V of the Credit Agreement and (b) all of the affirmative and negative covenants set forth in Articles VI and VII of the Credit Agreement, in each case, as applicable to Guarantors.  Without limiting the generality of the foregoing terms of this Paragraph 1, the Subsidiary Guarantor hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of the Secured Obligations in accordance with Article X of the Credit Agreement.
		

		
			 
		

		
			2.         The Subsidiary Guarantor hereby agrees that all of the representations and warranties contained in Article V of the Loan Agreement and each other Loan Document, in each case to the extent applicable to the Subsidiary Guarantor, are true and correct in all material respects as of the date hereof (except to the extent that such representations and warranties specifically refer to an earlier date).
		

		
			 
		

		
			3.         The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to and a “Grantor” under that certain Security and Pledge Agreement, dated as of May 5, 2017 by and among the Borrower, the “Grantors” (as defined in the Security Agreement) and the Administrative Agent (as amended, restated, altered or otherwise modified from time to time, the 
		

		
			
		

		
			

		 

		

			Exhibit D-2

		

		

			Form of Security Joinder Agreement

		

 

		

		
			“Security Agreement”) and shall have all the rights and obligations of a Grantor thereunder as if it had executed the Security Agreement.  The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to Grantors contained in the Security Agreement.  Without limiting the generality of the foregoing terms of this Paragraph 2, the Subsidiary Guarantor hereby grants, pledges and assigns to the Administrative Agent, for the benefit of the Lenders, a continuing security interest in, and a right of set off, to the extent applicable, against any and all right, title and interest of the Subsidiary Guarantor in and to the Collateral (as such term is defined in Section 2 of the Security Agreement) of the Subsidiary Guarantor.
		

		
			 
		

		
			4.         The Subsidiary Guarantor acknowledges and confirms that it has received a copy of the Credit Agreement and the schedules and exhibits thereto and each Collateral Document and the schedules and exhibits thereto.  The information on the schedules to the Credit Agreement and the Collateral Documents are hereby supplemented (to the extent permitted under the Credit Agreement or Collateral Documents) to reflect the information shown on the attached Schedule A.
		

		
			 
		

		
			5.         The Borrower confirms that the Credit Agreement is, and upon the Subsidiary Guarantor becoming a Guarantor, shall continue to be, in full force and effect.  The parties hereto confirm and agree that immediately upon the Subsidiary Guarantor becoming a Guarantor the term “Obligations,” as used in the Credit Agreement, shall include all obligations of the Subsidiary Guarantor under the Credit Agreement and under each other Loan Document.
		

		
			 
		

		
			6.         Each of the Borrower and the Subsidiary Guarantor agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute and deliver such further documents and do such further acts as the Administrative Agent may reasonably request in accordance with the terms and conditions of the Credit Agreement and the other Loan Documents in order to effect the purposes of this Agreement.
		

		
			 
		

		
			7.         This Agreement may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Agreement by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement.
		

		
			 
		

		
			8.         This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York.  The terms of Sections 11.14 and 11.15 of the Credit Agreement are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms.
		

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
		

		
			 
		

		
			
		

		
			

		 

		

			Exhibit D-2

		

		

			Form of Security Joinder Agreement

		

 

		

		
			IN WITNESS WHEREOF, each of the Borrower and the Subsidiary Guarantor has caused this Agreement to be duly executed by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						SUBSIDIARY GUARANTOR:

					
					
						[SUBSIDIARY GUARANTOR]

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						BORROWER:

					
					
						TOPBUILD CORP.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Acknowledged, accepted and agreed:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						BANK OF AMERICA, N.A.,

					
					
						 

				
	
					
						  as Administrative Agent

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						 

					
					
						 

				
	
					
						Title:

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			Exhibit D-2

		

		

			Form of Security Joinder Agreement

		

 

		

		
			Schedule A
		

		
			Schedules to Credit Agreement and Collateral Documents
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER] 
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit D-2

		

		

			Form of Security Joinder Agreement

		

 

		

		
			 
		

		
			EXHIBIT E-1
		

		
			 
		

		
			[Form of] 
		

		
			Assignment and Assumption
		

		
			 
		

		
			This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]11 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]12 Assignee identified in item 2 below ([the][each, an] “Assignee”).  [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]13 hereunder are several and not joint.]14  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
		

		
			 
		

		
			For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (a) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other Loan Documents (including liabilities owing to or by [the Assignor][the respective Assignors]) in the amount[s] and equal to the percentage interest[s] identified below of all the outstanding rights and obligations under the respective facilities identified below [(including, without limitation, the [Letters of Credit and the Swing Line Loans] included in such facilities)]15 and (b) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other Loan Documents or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity to the extent related to the rights and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (a) and (b) above being referred to herein collectively as  [the][an] “Assigned Interest”).  Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.
		

		
			 
		

		

			
	
			
				 1.
			

			
	
			
			For bracketed language, here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

			
	
			
				 2.
			

			
	
			
			For bracketed language, here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

			
	
			
				 3.
			

			
	
			
			Select as appropriate. 

			
	
			
				 4.
			

			
	
			
			Include bracketed language if there are either multiple Assignors or multiple Assignees. 

			
	
			
				 5.
			

			
	
			
			Include all applicable subfacilities.

		
			
		

		

		 

		

			Exhibit E-1

		

		

			Form of Assignment and Assumption

		

 

	
					
						

					
						 

				
	
					
						1.    Assignor[s]:

					
					
						____________________________

				
	
					
						 

					
					
						 

					
					
						____________________________

				
	
					
						 

				
	
					
						2.    Assignee[s]:

					
					
						_________________________

				
	
					
						 

					
					
						 

					
					
						___________________________

				
	
					
						 

					
					
						 

					
					
						[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]

				
	
					
						 

				
	
					
						3.    Borrower:

					
					
						TOPBUILD CORP., a Delaware corporation

				
	
					
						 

				
	
					
						4.    Administrative Agent:  Bank of America, N.A., as the administrative agent under the Credit Agreement

				
	
					
						 

				
	
					
						5.     Credit Agreement:     Credit Agreement, dated as of May 5, 2017 among the Borrower, the Guarantors, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender (as amended, restated, supplemented or otherwise modified from time to time)

				
	
					
						6.    Assigned Interest:

				

		
			 
		

			
					
						Assignor[s]6

					
					
						Assignee[s]7

					
					
						Facility
Assigned8

					
					
						Aggregate
Amount of
Commitment/ Loans
for all Lenders9

					
					
						Amount of
Commitment
/ Loans
Assigned

					
					
						Percentage
Assigned of
Commitment/
Loans10

					
					
						CUSIP
 Number

				
	
					
						 

					
					
						 

					
					
						 

					
					
						  $

					
					
						  $

					
					
						%  

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						  $

					
					
						  $

					
					
						%  

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						  $

					
					
						  $

					
					
						%  

					
					
						 

				

		
			 
		

		
			[7.    Trade Date:__________________]11
		

		
			 
		

		
			Effective Date:  __________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]
		

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
		

		
			 
		

		
			 
		

		

			
	
			
				 6.
			

			
	
			
			List each Assignor, as appropriate. 

			
	
			
				 7.
			

			
	
			
			List each Assignee, as appropriate. 

			
	
			
				 8.
			

			
	
			
			Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Commitment”, “Term Commitment”, etc.). 

			
	
			
				 9.
			

			
	
			
			Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 

			
	
			
				 10.
			

			
	
			
			Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

			
	
			
				 11.
			

			
	
			
			To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date

		
			
		

		
			

		 

		

			Exhibit E-1

		

		

			Form of Assignment and Assumption

		

 

		

		
			The terms set forth in this Assignment and Assumption are hereby agreed to:
		

		
			 
		

			
					
						 

					
					
						ASSIGNOR

				
	
					
						 

					
					
						[NAME OF ASSIGNOR]

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ASSIGNEE

				
	
					
						 

					
					
						[NAME OF ASSIGNEE]

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						[Consented to and112 Accepted:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						BANK OF AMERICA, N.A., as

					
					
						 

				
	
					
						  Administrative Agent

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						 

					
					
						 

				
	
					
						Title:

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						[Consented to:]13

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						 

					
					
						 

				
	
					
						Title:

					
					
						 

					
					
						 

				

		
			 
		

		

			
	
			
				 12.
			

			
	
			
			To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

			
	
			
				 13.
			

			
	
			
			To be added only if the consent of the Borrower and/or other parties (e.g. Swing Line Lender, L/C Issuer) is required by the terms of the Credit Agreement.

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit E-1

		

		

			Form of Assignment and Assumption

		

 

		

		
			ANNEX 1 TO ASSIGNMENT AND ASSUMPTION
		

		
			 
		

		
			Standard Terms and Conditions for Assignment and Assumption
		

		
			 
		

		
			1.      Representations, Warranties and Covenants.
		

		
			 
		

		
			1.1.   Assignor.  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any Lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.
		

		
			 
		

		
			1.2.   Assignee.  [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it is an Eligible Assignee and meets all the requirements to be an assignee under the terms of the Credit Agreement (subject to such consents, if any, as may be required under the terms of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement and the other Loan Documents as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to the terms of the Credit Agreement, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender; (c) appoints and authorizes the Administrative Agent to take such action as administrative 
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit E-2

		

		

			Form of Administrative Questionnaire

		

 

		

		
			agent on its behalf and to exercise such powers under the Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (d) acknowledges and agrees that, as a Lender, it may receive material non-public information and confidential information concerning the Loan Parties and their Affiliates or their respective securities and agrees to use such information in accordance with Section 11.07 of the Credit Agreement.
		

		
			2.      Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.
		

		
			 
		

		
			3.      Effect. As of the Effective Date, (a) [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Assumption, have the rights and obligations of a Lender under the Credit Agreement and (b) [the][each] Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.
		

		
			3.      General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit E-1

		

		

			Form of Assignment and Assumption

		

 

		

		
			EXHIBIT E-2
		

		
			 
		

		
			[Form of] 
		

		
			Administrative Questionnaire
		

		
			 
		

		
			See attached.
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit E-2

		

		

			Form of Administrative Questionnaire

		

 

		

		
			EXHIBIT F
		

		
			 
		

		
			[Form of]
		

		
			Permitted Acquisition Certificate24
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						TO:                 Bank of America, N.A., as Administrative Agent

				
	
					
						 

					
					
						 

				
	
					
						RE:                 Credit Agreement, dated as of May 5, 2017, by and among TopBuild Corp., a Delaware corporation (the “Borrower”), the Guarantors, the Lenders and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement)

				
	
					
						 

					
					
						 

				
	
					
						DATE:            [Date]

				
	
					
						 

				

		
			 
		

		
			 
		

		
			[Loan Party] (the “Loan Party”) intends to make an Acquisition of [______] (the “Target”).  The undersigned Responsible Officer of the Loan Party, hereby certifies, solely in [his/her] capacity as an officer of the Loan Party (and not in any personal capacity), pursuant to clause (d) of the definition of “Permitted Acquisition” under the Credit Agreement, that, as of the date hereof:
		

		
			 
		

		
			(a)      No Default exists or would exist after giving effect to the Acquisition of the Target.
		

		
			(b)      After giving effect to the Acquisition on a Pro Forma Basis, (i) the Loan Parties are in Pro Forma Compliance with each of the financial covenants set forth in Section 7.11 of the Credit Agreement and (ii) the Consolidated Net Leverage Ratio is 0.25 to 1.0 less than the then applicable level set forth in Section 7.11 of the Credit Agreement, calculated using the Measurement Period used to determine Pro Forma Compliance, as demonstrated on Schedule A attached hereto.
		

		
			(c)      The Loan Parties have complied or, after the closing of the Acquisition, will comply with Section 6.12 of the Credit Agreement, to the extent required to do so thereby.
		

		
			(d)      Attached hereto as Schedule B is a description of the material terms of the Acquisition.
		

		
			(e)      Attached hereto as Schedule C are the audited financial statements of the Target as requested by the Administrative Agent and to the extent readily available.]
		

		
			 
		

		

			
	
			
				 1.
			

			
	
			
			To be delivered not less than two (2) Business Days prior to the consummation of any Permitted Acquisition with a Cost of Acquisition in excess of $30,000,000.

		
			
		

		
			

		 

		

			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			(f)      Attached hereto as Schedule D are the consolidated projected income statements of the Borrower and its Restricted Subsidiaries (giving effect to the Acquisition).
		

		
			(g)     The Acquisition is not a “hostile” acquisition and has been approved by the board of directors (or equivalent) and/or shareholders (or equivalents) of the applicable Loan Party and the Target.
		

		
			(h)     After giving effect to the Acquisition and any Borrowings made in connection therewith, the aggregate principal amount of Revolving Loans available to be borrowed under Section 2.01(b) of the Credit Agreement is at least $25,000,000.
		

		
			Delivery of an executed counterpart of a signature page of this Certificate by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Certificate.
		

		
			 
		

		
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			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			IN WITNESS WHEREOF, the undersigned has executed this Permitted Acquisition Certificate, on behalf of the Borrower, as of the date written above.
		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			
		

		
			

		 

		

			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			Schedule A
		

		
			Financial Covenant Calculations
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER]
		

		
			 
		

		
			
		

		
			

		 

		

			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			Schedule B
		

		
			Description of Material Terms
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER]
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			Schedule C
		

		
			Audited Financial Statements
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER]
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			Schedule D
		

		
			Consolidated Projected Income Statements
		

		
			 
		

		
			[TO BE COMPLETED BY BORROWER]
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit F

		

		

			Form of Permitted Acquisition Certificate

		

 

		

		
			 
		

		
			EXHIBIT G
		

		
			 
		

		
			[Form of] 
		

		
			Security Agreement
		

		
			 
		

		
			See attached.
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit G

		

		

			Form of Security Agreement

		

 

		

		
			 
		

		
			EXHIBIT H-1
		

		
			[Form of] 
		

		
			U.S. Tax Compliance Certificate
		

		
			(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)
		

		
			 
		

		
			Reference is hereby made to the Credit Agreement dated as of May 5, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among TOPBUILD CORP., a Delaware corporation (the “Borrower”), the other Loan Parties party thereto, each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.
		

		
			Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest payments on the Loan(s) are not effectively connected with the undersigned’s conduct of a U.S. trade or business.
		

		
			The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN-E (or W-8BEN, as applicable).  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform the Borrower and the Administrative Agent in writing, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
		

		
			Unless otherwise defined herein, capitalized terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						[NAME OF LENDER]

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:__________________________________________

					
					
						 

				
	
					
						      Name:_____________________________________

					
					
						 

				
	
					
						      Title:______________________________________

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:______________________________, 20____

					
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			Exhibit H-1

		

		

			Form of Tax Compliance Certificate

		

 

		

		
			EXHIBIT H-2
		

		
			[Form of] 
		

		
			U.S. Tax Compliance Certificate
		

		
			(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
		

		
			 
		

		
			Reference is hereby made to the Credit Agreement dated as of May 5, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among TOPBUILD CORP., a Delaware corporation (the “Borrower”), the other Loan Parties party thereto, each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.
		

		
			Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) interest payments with respect to such participation are not effectively connected with the undersigned’s conduct of a U.S. trade or business. 
		

		
			The undersigned has furnished its participating Lender with a certificate of its non-U.S. person status on IRS Form W-8BEN-E (or W-8BEN, as applicable).  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
		

		
			Unless otherwise defined herein, capitalized terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						[NAME OF PARTICIPANT]

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:__________________________________________

					
					
						 

				
	
					
						      Name:_____________________________________

					
					
						 

				
	
					
						      Title:______________________________________

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:______________________________, 20____

					
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			Exhibit H-2

		

		

			Form of Tax Compliance Certificate

		

 

		

		
			EXHIBIT H-3
		

		
			[Form of] 
		

		
			U.S. Tax Compliance Certificate
		

		
			(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
		

		
			 
		

		
			Reference is hereby made to the Credit Agreement dated as of May 5, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among TOPBUILD CORP., a Delaware corporation (the “Borrower”), the other Loan Parties party thereto, each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.
		

		
			Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect to such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 881(C)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments with respect to such participation are not effectively connected with the conduct of a U.S. trade or business by the undersigned or its direct or indirect partners/members.
		

		
			The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN-E (or W-8BEN, as applicable) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN-E (or W-8BEN, as applicable) from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
		

		
			Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						[NAME OF PARTICIPANT]

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:__________________________________________

					
					
						 

				
	
					
						      Name:_____________________________________

					
					
						 

				
	
					
						      Title:______________________________________

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:______________________________, 20____

					
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			Exhibit H-3

		

		

			Form of Tax Compliance Certificate

		

 

		

		
			EXHIBIT H-4
		

		
			[Form of] 
		

		
			U.S. Tax Compliance Certificate
		

		
			(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)
		

		
			 
		

		
			Reference is hereby made to the Credit Agreement dated as of May 5, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among TOPBUILD CORP., a Delaware corporation (the “Borrower”), the other Loan Parties party thereto, each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.
		

		
			Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments on the Loan(s) are not effectively connected with the conduct of a U.S. trade or business by the undersigned or any of its direct or indirect partners/members. 
		

		
			The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN-E (or W-8BEN, as applicable) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN-E (or W-8BEN, as applicable) from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform the Borrower and the Administrative Agent in writing, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
		

		
			Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						[NAME OF LENDER]

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:__________________________________________

					
					
						 

				
	
					
						      Name:_____________________________________

					
					
						 

				
	
					
						      Title:______________________________________

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:______________________________, 20____

					
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit H-4

		

		

			Form of Tax Compliance Certificate

		

 

		

		
			 
		

		
			EXHIBIT J
		

		
			Opinion Matters – Counsel to Loan Parties
		

		
			 
		

		
			See attached.
		

		
			 
		

		
			 
		

		
			

		 

		

			Exhibit J

		

		

			Opinion Matters – Counsel to Loan Parties

		

 

		

		
			EXHIBIT N
		

		
			[Form of] 
		

		
			Solvency Certificate
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						TO:                 Bank of America, N.A., as Administrative Agent

				
	
					
						 

					
					
						 

				
	
					
						RE:                 Credit Agreement, dated as of May 5, 2017, by and among TopBuild Corp., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, an L/C Issuer and Swing Line Lender (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement)

				
	
					
						 

					
					
						 

				
	
					
						DATE:            [Date]

				
	
					
						 

				

		
			 
		

		
			The undersigned Chief Financial Officer of the Borrower is familiar with the properties, businesses, assets and liabilities of the Loan Parties and is duly authorized to execute this Solvency Certificate (this “Certificate”) on behalf of the Borrower and the other Loan Parties.  
		

		
			 
		

		
			The undersigned certifies that [he/she] has made such investigation and inquiries as to the financial condition of the Loan Parties as the undersigned deems necessary and prudent for the purpose of providing this Certificate.  The undersigned acknowledges that the Administrative Agent and the Lenders are relying on the truth and accuracy of this Certificate in connection with the making of Credit Extensions and the other transactions contemplated under the Credit Agreement.
		

		
			 
		

		
			BASED ON THE FOREGOING, the undersigned, solely in [his/her] capacity as the Chief Financial Officer of the Borrower (and not in any individual capacity), certifies that as of the Closing Date:
		

		
			 
		

		
			(a)      The fair value of the property of the Borrower and its Restricted Subsidiaries, on a consolidated basis, is greater than the total amount of liabilities, including contingent liabilities, of the Borrower and its Restricted Subsidiaries on a consolidated basis.
		

		
			 
		

		
			(b)      The present fair salable value of the assets of the Borrower and its Restricted Subsidiaries on a consolidated basis, is not less than the amount that will be required to pay the probable liability of the Borrower and its Restricted Subsidiaries on a consolidated basis, on their debts as they become absolute and matured.
		

		
			 
		

		
			(c)      The Borrower and its Restricted Subsidiaries on a consolidated basis do not intend to, and do not believe that it will, incur debts or liabilities beyond their consolidated ability to pay such debts and liabilities as they mature.
		

		
			
		

		
			

		 

		

			Exhibit N

		

		

			Form of Solvency Certificate

		

 

		

		
			(d)      The Borrower and its Restricted Subsidiaries on a consolidated basis are not engaged in business or a transaction, and are not about to engage in business or a transaction, for which their consolidated property would constitute an unreasonably small capital.
		

		
			 
		

		
			(e)      The Borrower and its Restricted Subsidiaries on a consolidated basis are able to pay their consolidated debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. For purposes of this Certificate, the amount of contingent liabilities at any time have been computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.
		

		
			 
		

		
			Delivery of an executed counterpart of a signature page of this Certificate by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Certificate.
		

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
		

		
			
		

		
			

		 

		

			Exhibit N

		

		

			Form of Solvency Certificate

		

 

		

		
			IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate, on behalf of the Borrower, as of the date written above.
		

		
			 
		

			
					
						 

					
					
						TopBuild Corp.,

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:  Chief Financial Officer

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		 

		

			Exhibit N

		

		

			Form of Solvency Certificatebld_EX10_4

		
			Exhibit 10.4
		

		
			 
		

		
			ANNEX III
		

		
			 
		

		
			TERM LOAN FACILITY AMORTIZATION SCHEDULE
		

		
			 
		

			
					
						 

					
						 

					
					
						 

				
	
					
						Payment Date
(Last Business Day of)

					
					
						Principal Amortization Payment

				
	
					
						September 2017

					
					
						$3,125,000 

				
	
					
						December 2017

					
					
						$3,125,000

				
	
					
						March 2018

					
					
						$3,125,000

				
	
					
						June 2018

					
					
						$3,125,000 plus 1.250% of the Delayed Draw Term Loan Advance

				
	
					
						September 2018

					
					
						$3,125,000 plus 1.250% of the Delayed Draw Term Loan Advance 

				
	
					
						December 2018

					
					
						$3,125,000 plus 1.250% of the Delayed Draw Term Loan Advance 

				
	
					
						March 2019

					
					
						$3,125,000 plus 1.250% of the Delayed Draw Term Loan Advance 

				
	
					
						June 2019

					
					
						$3,125,000 plus 1.250% of the Delayed Draw Term Loan Advance

				
	
					
						September 2019

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance

				
	
					
						December 2019

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance 

				
	
					
						March 2020

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance 

				
	
					
						June 2020

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance 

				
	
					
						September 2020

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance

				
	
					
						December 2020

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance

				
	
					
						March 2021

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance

				
	
					
						June 2021

					
					
						$4,687,500 plus 1.875% of the Delayed Draw Term Loan Advance

				
	
					
						September 2021

					
					
						$6,250,000 plus 2.500% of the Delayed Draw Term Loan Advance

				
	
					
						December 2021

					
					
						$6,250,000 plus 2.500% of the Delayed Draw Term Loan Advance 

				
	
					
						Maturity Date

					
					
						All outstanding principal under the Term Loan Facility  

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			Schedule E
		

		
			 
		

		
			EXISTING LETTERS OF CREDIT
		

		
			 
		

			
					
						 

					
					
						Issuer

					
					
						Ltr Number

					
					
						Amount

					
					
						Beneficiary

					
					
						Applicant

				
	
					
						1

					
					
						PNC

					
					
						18123975-00

					
					
						‌$ 19,687,818.00

					
					
						ACE AMERICAN INSURANCE COMPANY

					
					
						TOPBUILD CORP.

				
	
					
						2

					
					
						PNC

					
					
						18123976-00

					
					
						‌$ 13,883,600.00

					
					
						OLD REPUBLIC INSURANCE COMPANY

					
					
						TOPBUILD CORP.

				
	
					
						3

					
					
						PNC

					
					
						18126123-00

					
					
						‌$ 14,984,000.00

					
					
						THE TRAVELERS INDEMNITY COMPANY

					
					
						TOPBUILD CORP.

				
	
					
						4

					
					
						PNC

					
					
						18124006-00

					
					
						‌$      524,994.00

					
					
						NATIONAL UNION FIRE INSURANCE CO.

					
					
						SERVICE PARTNERS LLC

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Schedule 2.01
		

		
			 
		

		
			COMMITMENTS AND APPLICABLE PERCENTAGES
		

		
			 
		

			
					
						Lender

					
					
						Revolver

					
					
						Term Loan

					
					
						Total
Commitment

				
	
					
						Revolving
Commitment

					
					
						Applicable
Percentage

					
					
						Term
Commitment

					
					
						Applicable
Percentage

				
	
					
						Bank of America, N.A.

					
					
						$

					
57,291,666.67
					
					
						22.916666668%

					
					
						$

					
80,208,333.33
					
					
						22.916666666%

					
					
						$

					
137,500,000.00
				
	
					
						PNC Bank, National Association

					
					
						$

					
57,291,666.67
					
					
						22.916666668%

					
					
						$

					
80,208,333.33
					
					
						22.916666666%

					
					
						$

					
137,500,000.00
				
	
					
						Fifth Third Bank

					
					
						$

					
52,083,333.33
					
					
						20.833333332%

					
					
						$

					
72,916,666.67
					
					
						20.833333334%

					
					
						$

					
125,000,000.00
				
	
					
						SunTrust Bank

					
					
						$

					
41,666,666.67
					
					
						16.666666668%

					
					
						$

					
58,333,333.33
					
					
						16.666666666%

					
					
						$

					
100,000,000.00
				
	
					
						The Huntington National Bank

					
					
						$

					
20,833,333.33
					
					
						8.333333332%

					
					
						$

					
29,166,666.67
					
					
						8.333333334%

					
					
						$

					
50,000,000.00
				
	
					
						U.S. Bank National Association

					
					
						$

					
20,833,333.33
					
					
						8.333333332%

					
					
						$

					
29,166,666.67
					
					
						8.333333334%

					
					
						$

					
50,000,000.00
				
	
					
						Total

					
					
						$

					
250,000,000.00
					
					
						100.000000000%

					
					
						$

					
350,000,000.00
					
					
						100.000000000%

					
					
						$

					
600,000,000.00
				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Schedule 5.08(b)
		

		
			 
		

		
			EXISTING LIENS
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Entity Name

					
					
						Existing Liens

				
	
					
						American National Services, Inc.

					
					
						1. Liens in favor of SunTrust Equipment Finance & Leasing Corp. on the equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under (a) Equipment Lease Agreement dated as of May 31, 2010, (b) Equipment Lease Agreement dated as of September 21, 2015, and (c) Master Equipment Lease Agreement dated as of September 21, 2015

					
						 

					
						2. Liens in favor Banc of America Leasing & Capital, LLC (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated as of September 21, 2015

					
						 

				
	
					
						Builder Services Group, Inc.

					
					
						1. Liens in favor of SunTrust Equipment Finance & Leasing Corp. on the equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under (a) Equipment Lease Agreement dated as of May 31, 2010, (b) Equipment Lease Agreement dated as of May 25, 2010, (c) Equipment Lease Agreement dated as of September 21, 2015, and (d) Master Equipment Lease Agreement dated as of September 21, 2015

					
						 

					
						2. Liens in favor of Regions Equipment Finance Corporation (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on (a) certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under (x) Equipment Lease Agreement dated as of May 25, 2010, and (y) Equipment Lease Agreement dated as of May 31, 2010, (b) certain goods and other personal property described in UCC Filing No. 201207294509 to secure obligations under that certain Final Equipment Schedule No. 10, dated June 30, 2012, to that certain Master Agreement No. 07702, dated May 31, 2010, (c) certain goods and other personal property described in UCC Filing No. 201207748313 to secure obligations under that certain Final Equipment Schedule No. 013 dated August 30, 2012 to that certain Master Agreement No. 07702, dated May 31, 2010, and (d) certain goods and other personal property described in UCC Filing No. 

				

		 

 

	

      

         

      

    	

      

         

      

    
	

      

        Entity Name

      

    	

      

        Existing Liens

      

    
	
					
						

					
						 

					
					
						201308454137 to secure obligations under that certain Final Equipment Schedule No. 014 dated November 30, 2012 to that certain Master Agreement No. 07702, dated May 31, 2010

					
						 

					
						3. Liens in favor of REFLP (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated as of May 25, 2010

					
						 

					
						4. Liens in favor of RBS Asset Finance, Inc. (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated as of May 31, 2010

					
						 

					
						5. Liens in favor of Banc of America Leasing & Capital, LLC (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under (a) Equipment Lease Agreement dated as of September 21, 2015, and (b) Master Equipment Lease Agreement dated as of September 21, 2015

					
						 

					
						6. Subject to Section 6.16 of the Credit Agreement, Intellectual property assignment filed against trademark, “GALE INSULATION”, owned by Builder Services Group, Inc. (as successor in interest to Gale Industries, Inc.) in favor of Heller Financial, Inc. at Reel/Frame 1303/0389

					
						 

				

		 

 

	

      

         

      

    	

      

         

      

    
	

      

        Entity Name

      

    	

      

        Existing Liens

      

    
	
					
						

					
						Service Partners LLC

					
					
						1. Liens in favor of SunTrust Equipment Finance & Leasing Corp. on the equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under (a) Equipment Lease Agreement dated as of May 31, 2010, (b) Equipment Lease Agreement dated as of May 25, 2010, and (c) Equipment Lease Agreement dated September 21, 2015

					
						 

					
						2. Liens in favor of Regions Equipment Finance Corporation (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated as of May 31, 2010

					
						 

					
						3. Liens in favor of Banc of America Leasing & Capital, LLC (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated as of September 21, 2015

					
						 

					
						4. Subject to Section 6.16 of the Credit Agreement, UCC filing no. 08060472893 filed against Industrial Products Company (a predecessor to Service Partners LLC) in favor of SunTrust Bank

					
						 

				
	
					
						TruTeam of California, Inc.

					
					
						1. Liens in favor of SunTrust Equipment Finance & Leasing Corp. on the equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated September 21, 2015

					
						 

					
						2. Liens in favor of Banc of America Leasing & Capital, LLC (as successor by assignment to SunTrust Equipment Finance & Leasing Corp.) on certain equipment (together with all improvements, additions, substitutions and replacements therefor, and proceeds (including insurance proceeds) thereof)) leased under Equipment Lease Agreement dated as of September 21, 2015

					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Schedule 5.13
		

		
			 
		

		
			SUBSIDIARIES AND OTHER EQUITY INVESTMENTS; LOAN PARTIES
		

		
			 
		

		
			(a)        Material Domestic Subsidiaries
		

		
			 
		

			
					
						Material Domestic Subsidiary

					
					
						Jurisdiction of
Incorporation

					
					
						Shareholder/Member

					
					
						Number of
Equity Interests
Owned

					
					
						Total
Equity Interests
Outstanding

				
	
					
						TopBuild Services Group Corp.

					
					
						Delaware

					
					
						TopBuild Corp.

					
					
						1,000

					
					
						1,000

				
	
					
						TruTeam, LLC

					
					
						Delaware

					
					
						TopBuild Services Group Corp.

					
					
						100

					
					
						100

				
	
					
						Service Partners, LLC

					
					
						Virginia

					
					
						TopBuild Services Group Corp.

					
					
						1,000

					
					
						1,000

				
	
					
						Builder Services Group, Inc.

					
					
						Florida

					
					
						TruTeam, LLC

					
					
						5,644,217

					
					
						5,644,217

				
	
					
						American National Services, Inc.

					
					
						California

					
					
						TruTeam, LLC

					
					
						1,507.3529

					
					
						1,507.3529

				
	
					
						Coast Insulation Contractors, Inc.

					
					
						California

					
					
						American National Services, Inc.

					
					
						33,718.4

					
					
						33,718.4

				
	
					
						Superior Contracting Corporation

					
					
						Delaware

					
					
						American National Services, Inc.

					
					
						1,000

					
					
						1,000

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			(b)        Loan Parties
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
						 

					
					
						 

				
	
					
						Loan Party Name

					
					
						Jurisdiction of
Incorporation

					
					
						Address of
Principal Place of Business

					
					
						U.S. Taxpayer
Identification Number

				
	
					
						TopBuild Corp.

					
					
						Delaware

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						47-3096382

				
	
					
						TopBuild Services Group Corp.

					
					
						Delaware

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						38-3569431

				
	
					
						TruTeam, LLC

					
					
						Delaware

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						Disregarded Entity

				
	
					
						Service Partners, LLC

					
					
						Virginia

					
					
						1029 Technology Park Drive
Glen Allen, Virginia 23059

					
					
						54-1903720

				
	
					
						Builder Services Group, Inc.

					
					
						Florida

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						59-3214406

				
	
					
						American National Services, Inc.

					
					
						California

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						33-0780486

				
	
					
						Coast Insulation Contractors, Inc.

					
					
						California

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						77-0134470

				
	
					
						Superior Contracting Corporation

					
					
						Delaware

					
					
						475 North Williamson Boulevard
Daytona Beach, Florida 32114

					
					
						38-3539315

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			Section 5.17
		

		
			 
		

		
			INTELLECTUAL PROPERTY MATTERS
		

		
			 
		

		
			(a)        U.S. Registered Trademarks
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Loan Party

					
					
						Trademark

					
					
						Jurisdiction

					
					
						Application No./
Registration No.

				
	
					
						TopBuild Services Group Corp.

					
					
						House Design

					
					
						United States

					
					
						2640968

				
	
					
						Builder Services Group, Inc.

					
					
						RICE and Design

					
					
						United States

					
					
						3103691

				
	
					
						Builder Services Group, Inc.

					
					
						VALLEY INSULATION

					
					
						United States

					
					
						87/173284

				
	
					
						Builder Services Group, Inc.

					
					
						VALLEY INSULATION & DESIGN

					
					
						United States

					
					
						87/173285

				
	
					
						Builder Services Group, Inc.

					
					
						COASTAL INSULATION

					
					
						Louisiana

					
					
						Book # 64-6084

				
	
					
						Builder Services Group, Inc.9 - 14

					
					
						WILLIAMS INSULATION

					
					
						Nebraska

					
					
						NE10069518

				
	
					
						Builder Services Group, Inc.

					
					
						GALE INSULATION

					
					
						United States

					
					
						1944889

				
	
					
						Builder Services Group, Inc.

					
					
						M and Design

					
					
						United States

					
					
						2615864

				
	
					
						Builder Services Group, Inc.

					
					
						GALLATIN INSULATION COMPANY

					
					
						Wyoming

					
					
						2011-000597620

				
	
					
						Builder Services Group, Inc.

					
					
						D’S INSULATION

					
					
						Wyoming

					
					
						2011-000597626

				
	
					
						Builder Services Group, Inc.

					
					
						NEBRASKA BUILDING PRODUCTS

					
					
						Nebraska

					
					
						NE10239153

				
	
					
						Service Partners, LLC

					
					
						SERVICE PARTNERS

					
					
						United States

					
					
						2544415

				
	
					
						Service Partners, LLC

					
					
						SERVICE PARTNERS (STYLIZED)

					
					
						United States

					
					
						2552114

				
	
					
						Service Partners, LLC

					
					
						GORILLA

					
					
						United States

					
					
						2979464

				
	
					
						Service Partners, LLC

					
					
						SEAL PRO

					
					
						United States

					
					
						85/931160

				
	
					
						Service Partners, LLC

					
					
						SEAL PRO

					
					
						United States

					
					
						3723331

				
	
					
						Service Partners, LLC

					
					
						SEAL PRO

					
					
						United States

					
					
						4458750

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Trademark

      

    	

      

        Jurisdiction

      

    	

      

        Application No./
Registration No.

      

    
	
					
						

					
						Service Partners, LLC

					
					
						SEAL PRO

					
					
						United States

					
					
						5036853

				
	
					
						Service Partners, LLC

					
					
						SEAL PRO

					
					
						United States

					
					
						4932800

				
	
					
						Service Partners, LLC

					
					
						SMARTSHREDZ

					
					
						United States

					
					
						3991179

				
	
					
						Service Partners, LLC

					
					
						CONTRACTORS' CLUB LOGO

					
					
						United States

					
					
						4470909

				
	
					
						Service Partners, LLC

					
					
						MAXSHREDZ 

					
					
						United States

					
					
						86/791957

				
	
					
						Service Partners, LLC

					
					
						PROSHREDZ 

					
					
						United States

					
					
						86/791984

				
	
					
						Service Partners, LLC

					
					
						SHREDZ 

					
					
						United States

					
					
						86/791997

				
	
					
						Service Partners, LLC

					
					
						SHREDZ LOGO

					
					
						United States

					
					
						86/792008

				
	
					
						Service Partners, LLC

					
					
						ULTRASHREDZ

					
					
						United States

					
					
						86/792014

				
	
					
						Service Partners, LLC

					
					
						CONTRACTORS' CLUB PERFORMANCE ACADEMY CERTIFIED INSTALLER and Design

					
					
						United States

					
					
						4604548

				
	
					
						Service Partners, LLC

					
					
						CONTRACTORS' CLUB PERFORMANCE ACADEMY LOGO (WITHOUT BANNER)

					
					
						United States

					
					
						4659382

				
	
					
						Service Partners, LLC

					
					
						BLOW-IN BLANKET

					
					
						United States

					
					
						1374218

				
	
					
						Service Partners, LLC

					
					
						BIBS

					
					
						United States

					
					
						2310217

				
	
					
						TruTeam, LLC

					
					
						LOCAL RELATIONSHIPS. NATIONAL RESOURCES.

					
					
						United States

					
					
						4585387

				
	
					
						TruTeam, LLC

					
					
						MASCO CONTRACTOR SERVICES and Design

					
					
						United States

					
					
						3473888

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			(b)        U.S. Registered Patents
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Loan Party

					
					
						Patent

					
					
						Jurisdiction

					
					
						Application No./
Registration No.

				
	
					
						TruTeam, LLC

					
					
						ERROR MANAGEMENT FRAMEWORK

					
					
						United States

					
					
						7941708

				
	
					
						Service Partners, LLC

					
					
						UNDER PURLIN INSULATION SYSTEM

					
					
						United States

					
					
						9,169,637

				
	
					
						Service Partners, LLC

					
					
						CONTAINING INSULATION USING A BARRIER ASSEMBLY

					
					
						United States

					
					
						5819496

				

		
			 
		

		
			(c)        U.S. Registered Copyrights
		

		
			 
		

		
			None.
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Schedule 6.12
		

		
			 
		

		
			EXCLUDED ACCOUNTS
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Loan Party

					
					
						Securities
Intermediary/Depository
Institution & Address

					
					
						Account Number

					
					
						Type of Account

				
	
					
						TopBuild Corp.

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						4124946823

					
					
						(Tax Account)

				
	
					
						TopBuild Corp.

					
					
						PNC

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1029024596

					
					
						Disbursement Account

				
	
					
						TopBuild Corp.

					
					
						Bank of America

					
						NC1-007-24-12

					
						100 North Tryon Street

					
						Charlotte, NC 28255

					
					
						4427274208

					
					
						Payroll Account

				
	
					
						American National Services, Inc.

					
					
						PNC

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1019800424

					
					
						Wire/ACH DD Service

				
	
					
						American National Services, Inc.

					
					
						Wells Fargo Bank 

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						4945017754

					
					
						Wire/ACH DD Service

				
	
					
						American National  Services, Inc.

					
					
						PNC Bank

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1019824493

					
					
						Disbursement Account

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Securities
Intermediary/Depository
Institution & Address

      

    	

      

        Account Number

      

    	

      

        Type of Account

      

    
	
					
						

					
						American National Services, Inc.

					
					
						PNC Bank

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1019824485

					
					
						Disbursement Account

				
	
					
						American National Services, Inc.

					
					
						Comerica

					
						Oaktec Office Center

					
						U.S. Banking -Michigan

					
						3551 Hamlin Road

					
						MC 2394

					
						Auburn Hills, MI  48326

					
					
						1851624799

					
					
						Payroll Account

				
	
					
						American National Services, Inc.

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						4945017762

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc.

					
					
						PNC

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1019800432

					
					
						Wire/ACH DD Service

				
	
					
						Builder Services Group, Inc.

					
					
						Bank of America

					
						NC1-007-24-12

					
						100 North Tryon Street

					
						Charlotte, NC 28255

					
					
						3750710168

					
					
						Wire/ACH DD Service

				
	
					
						Builder Services Group, Inc.

					
					
						PNC Bank

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1019806009

					
					
						Disbursement Account

				
	
					
						Builder Services Group, Inc.

					
					
						PNC

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1017289765

					
					
						Disbursement Account

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Securities
Intermediary/Depository
Institution & Address

      

    	

      

        Account Number

      

    	

      

        Type of Account

      

    
	
					
						

					
						Builder Services Group, Inc.

					
					
						TD Bank North

					
						5 Commerce Park North; 

					
						Mail Stop:  NH-004-02

					
						Bedford, NH  03110

					
					
						9243907601

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc.

					
					
						Comerica

					
						Oaktec Office Center

					
						U.S. Banking -Michigan

					
						3551 Hamlin Road

					
						MC 2394

					
						Auburn Hills, MI  48326

					
					
						1851280089

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc. 

					
					
						Bank of America

					
						NC1-007-24-12

					
						100 North Tryon Street

					
						Charlotte, NC 28255

					
					
						3750798452

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc.

					
					
						JPM Chase

					
						Corporate Client Banking

					
						10 S. Dearborn Street; 

					
						34th Floor

					
						Mail Code:  IL1-0032

					
						Chicago, IL  60603

					
					
						94942

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc.

					
					
						Regions Bank 

					
						315 Deaderick Street

					
						Nashville, TN  37237-0303

					
					
						0603021957

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc.

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000014820407

					
					
						Payroll Account

				
	
					
						Builder Services Group, Inc.

					
					
						Wells Fargo Bank 

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2290004742

					
					
						Payroll Account

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Securities
Intermediary/Depository
Institution & Address

      

    	

      

        Account Number

      

    	

      

        Type of Account

      

    
	
					
						

					
						Superior Contracting Corporation

					
					
						JPM Chase

					
						Corporate Client Banking

					
						10 S. Dearborn Street; 

					
						34th Floor

					
						Mail Code:  IL1-0032

					
						Chicago, IL  60603

					
					
						5300091316

					
					
						Payroll Account

				
	
					
						Superior Contracting Corporation 

					
					
						Bank of America

					
						NC1-007-24-12

					
						100 North Tryon Street

					
						Charlotte, NC 28255

					
					
						1233527789

					
					
						Payroll Account

				
	
					
						Superior Contracting Corporation

					
					
						Wells Fargo Bank 

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000002931670

					
					
						Payroll Account

				
	
					
						Superior Contracting Corporation

					
					
						US Bank 

					
						National Corporate Banking

					
						209 S. LaSalle Street; Suite 410

					
						MK-IL-RY4D

					
						Chicago, IL  60604

					
					
						196455998712

					
					
						Payroll Account

				
	
					
						Superior Contracting Corporation

					
					
						Wells Fargo Bank 

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000002931382

					
					
						Payroll Account

				
	
					
						Service Partners, LLC

					
					
						Wells Fargo Bank 

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						4945031847

					
					
						Wire/ACH DD Service

				
	
					
						Service Partners, LLC

					
					
						JPM

					
						Corporate Client Banking

					
						10 S. Dearborn Street; 

					
						34th Floor

					
						Mail Code:  IL1-0032

					
						Chicago, IL  60603

					
					
						650177108

					
					
						Wire/ACH DD Service

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Securities
Intermediary/Depository
Institution & Address

      

    	

      

        Account Number

      

    	

      

        Type of Account

      

    
	
					
						

					
						Service Partners, LLC

					
					
						Bank of America

					
						NC1-007-24-12

					
						100 North Tryon Street

					
						Charlotte, NC 28255

					
					
						4426871123

					
					
						Wire/ACH DD Service

				
	
					
						Service Partners, LLC

					
					
						Comerica

					
						Oaktec Office Center

					
						U.S. Banking -Michigan

					
						3551 Hamlin Road

					
						MC 2394

					
						Auburn Hills, MI  48326

					
					
						1851893113

					
					
						Wire/ACH DD Service

				
	
					
						Service Partners, LLC

					
					
						Regions Bank

					
						315 Deaderick Street

					
						Nashville, TN  37237-0303

					
					
						304994477

					
					
						Wire/ACH DD Service

				
	
					
						Service Partners, LLC

					
					
						U S Bank

					
						National Corporate Banking

					
						209 S. LaSalle Street; Suite 410

					
						MK-IL-RY4D

					
						Chicago, IL  60604

					
					
						153910128799

					
					
						Wire/ACH DD Service

				
	
					
						Service Partners, LLC

					
					
						U S Bank

					
						National Corporate Banking

					
						209 S. LaSalle Street; Suite 410

					
						MK-IL-RY4D

					
						Chicago, IL  60604

					
					
						182380373478

					
					
						Wire/ACH DD Service

				
	
					
						Service Partners, LLC

					
					
						PNC

					
						755 West Big Beaver Road; Suite 2400

					
						R1-YB94-24-1

					
						Troy, MI  48084-4900

					
					
						1014326575

					
					
						Disbursement Account

				
	
					
						Service Partners, LLC

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000010970461

					
					
						Service Partners Manager Accounts

				
	
					
						Johnson Products, LLC (Service Partners LLC)

					
					
						Regions Bank

					
						315 Deaderick Street

					
						Nashville, TN  37237-0303

					
					
						3605002664

					
					
						Checking Account

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Securities
Intermediary/Depository
Institution & Address

      

    	

      

        Account Number

      

    	

      

        Type of Account

      

    
	
					
						

					
						Lilienthal Insulation Company, LLC (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000013946094

					
					
						Checking Account

				
	
					
						Moore Products, LLC (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000010970377

					
					
						Checking Account

				
	
					
						Renfrow Supply, LLC (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000010970429

					
					
						Checking Account

				
	
					
						Denver Southwest, LP (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000010970254

					
					
						Checking Account

				
	
					
						Cell Pak, LLC (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000017266330

					
						 

					
					
						Checking Account

				
	
					
						Industrial Products, LLC (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000010970335

					
					
						Checking Account

				
	
					
						Cell Pak, LLC  (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000028329839

					
					
						Checking Account

				

		 

 

	

      

         

      

    	

      

         

      

    	

      

         

      

    	

      

         

      

    
	

      

        Loan Party

      

    	

      

        Securities
Intermediary/Depository
Institution & Address

      

    	

      

        Account Number

      

    	

      

        Type of Account

      

    
	
					
						

					
						Service Partners of the Carolinas (Service Partners LLC)

					
					
						Wells Fargo Bank

					
						U.S. Corporate  Banking

					
						MAC E2616-290

					
						230 W. Monroe St.; Suite 2900

					
						Chicago, IL  60606

					
					
						2000010970474

					
					
						Checking Account

				

		
			
		

		
			

		 

 

		

		
			Schedule 6.16
		

		
			 
		

		
			POST-CLOSING OBLIGATIONS
		

		
			 
		

		
			 
		

		
			1.Execution and delivery of any Notes required by Lenders, to be delivered to the Administrative Agent within 15 Business Days of the Closing Date.
		

		
			 
		

		
			2.Deliver updated stock certificates evidencing the Pledged Equity to the Administrative Agent within 30 days of the Closing Date.
		

		
			 
		

		
			3.Within 60 days of the Closing Date, provide evidence or termination of the following existing Liens:
		

		
			 
		

		
			a.UCC filing no. 08060472893 filed against Industrial Products Company (a predecessor to Service Partners LLC) in favor of SunTrust Bank.
		

		
			b.Intellectual property assignment filed against trademark, “GALE INSULATION”, owned by Builder Services Group, Inc. (as successor in interest to Gale Industries, Inc.) in favor of Heller Financial, Inc. at Reel/Frame 1303/0389.
		

		
			 
		

		
			4.Insurance endorsements required under Section 6.07 of the Credit Agreement, to be delivered to the Administrative Agent within 60 days of the Closing Date.
		

		
			 
		

		
			5.Use commercially reasonable efforts to enter into a landlord waiver with respect to Borrower’s leased property of 475 N. Williamson Boulevard, Daytona Beach, Florida 32114 within 60 days of the Closing Date.
		

		
			 
		

		
			
		

		
			

		 

 

		

		
			Schedule 7.02
		

		
			 
		

		
			EXISTING INDEBTEDNESS
		

		
			 
		

		
			1. Existing Letters of Credit listed on Schedule E.
		

		
			 
		

		
			2. Indebtedness secured by the Liens set forth on Schedule 5.08(b).
		

		
			 
		

		
			
		

		
			

		 

 

		

		
			Schedule 7.03
		

		
			 
		

		
			EXISTING INVESTMENTS
		

		
			 
		

		
			 
		

		
			None.
		

		
			
		

		
			

		 

 

		

		
			Schedule 7.09
		

		
			 
		

		
			BURDENSOME AGREEMENTS
		

		
			 
		

		
			None.
		

		
			
		

		
			

		 

 

		

		
			Schedule 11.02
		

		
			 
		

		
			ADMINISTRATIVE AGENT’S OFFICE; CERTAIN ADDRESSES FOR NOTICES
		

		
			 
		

		
			 
		

		
			BORROWER:
		

		
			TOPBUILD CORP.
		

		
			475 North Williamson Boulevard
		

		
			Daytona Beach, Florida 32114
		

			
					
						Attention: 

					
					
						Robert Buck, President and Chief Operating Officer

				
	
					
						 

					
					
						Joe Jacumin, Assistant General Counsel

				
	
					
						Telephone: 

					
					
						386-763-8801

				
	
					
						Facsimile:

					
					
						386-763-7319

				
	
					
						E-Mail:

					
					
						robert.buck@topbuild.com; joe.jacumin@topbuild.com

				
	
					
						Tax ID No.: 

					
					
						47-3096382

				

		
			 
		

		
			 
		

		
			ADMINISTRATIVE AGENT:
		

		
			Administrative Agent’s Office - For payments and Requests for Credit Extensions:
		

		
			BANK OF AMERICA, N.A., as Administrative Agent
		

		
			101 North Tryon Street 
		

		
			Mailcode:  NC1-001-05-46
		

		
			Charlotte, NC 28255
		

			
					
						Attention:  

					
					
						Devarshi Ojha

				
	
					
						Telephone: 

					
					
						972-338-3774

				
	
					
						Facsimile: 

					
					
						214-290-8373  

				
	
					
						Email: 

					
					
						devarshi.ojha@baml.com

				

		
			 
		

		
			Remittance Instructions-US Dollars:
		

		
			Bank of America, N.A. 
		

		
			New York, New York
		

			
					
						ABA No.:

					
					
						026009593

				
	
					
						Account No.:

					
					
						1366072250600

				
	
					
						Account:

					
					
						Wire Clearing Acct for Syn Loans-LIQ

				
	
					
						Reference:

					
					
						TopBuild

				

		
			 
		

		
			 
		

		
			Other Notices as Administrative Agent:
		

		
			BANK OF AMERICA, N.A., as Administrative Agent
		

		
			900 W. Trade Street, 6th Floor 
		

		
			Mailcode:  NC1-026-06-03
		

		
			Charlotte, NC 28255
		

			
					
						Attention:  

					
					
						Kyle Harding

				
	
					
						Telephone:  

					
					
						980-275-6132

				
	
					
						Facsimile: 

					
					
						704-719-5215

				
	
					
						Email: 

					
					
						kyle.d.harding@baml.com

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			L/C ISSUER:
		

		
			Bank of America, N.A.
		

		
			Trade Operations
		

		
			1 Fleet Way
		

		
			Mail Code: PA6-580-02-30
		

		
			Scranton, Pennsylvania 18507
		

			
					
						 

					
					
						 

				
	
					
						Attention:  

					
					
						Trade Operations

				
	
					
						Telephone:

					
					
						570-496-9619

				
	
					
						Facsimile: 

					
					
						800-755-8740

				
	
					
						Email: 

					
					
						tradeclientserviceteamus@baml.com

				

		
			 
		

		
			Remittance Instructions:
		

		
			Bank of America, N.A.
		

		
			New York, New York
		

		
			Bank of America, N.A. 
		

		
			New York, New York
		

			
					
						 

					
					
						 

				
	
					
						ABA No.:

					
					
						026009593

				
	
					
						Account No.:

					
					
						04535-883980

				
	
					
						Attention:

					
					
						Scranton Standby

				
	
					
						Reference:

					
					
						TopBuild

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