Document:

Exhibit 4.8

 

THIRD SUPPLEMENTAL INDENTURE

 

THIRD
SUPPLEMENTAL INDENTURE, dated as of December 29, 2006 between BMCA
Acquisition Inc. and BMCA Acquisition Sub Inc., each a Delaware corporation,
and BMCA Gainesville LLC, a Delaware limited liability company (collectively,
the “New Guarantors”), Building Materials Corporation of America, a
Delaware corporation (the “Company”), the existing Guarantors signatory
hereto (the “Existing Guarantors”) and Wilmington Trust Company, as
trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H :

 

WHEREAS,
Indenture dated as of July 26, 2004 (as heretofore amended and
supplemented, the “Indenture”), was executed and delivered by the
Company, certain guarantors named therein and the Trustee, providing for the
issuance of the 7.75% Senior Notes Due 2014 and the Series B 7.75% Senior
Notes Due 2014 (collectively, the “Securities”) (capitalized terms used
herein but not otherwise defined have the meanings ascribed thereto in the
Indenture);

 

WHEREAS,
as a result of the guarantee by the New Guarantors of the Credit Agreement,
pursuant to Section 4.18 of the Indenture, the Company is required to
cause the New Guarantors to execute and deliver to the Trustee this Third
Supplemental Indenture pursuant to which the New Guarantors shall provide a
Guarantee as set forth in Article X of the Indenture;

 

WHEREAS,
Section 9.01(5) of the Indenture provides that the Company, the
Guarantors and the Trustee may amend the Indenture and the Securities without
notice to or consent of any Holders of the Securities to add Subsidiary
Guarantees; and

 

WHEREAS,
this Third Supplemental Indenture has been duly authorized by all necessary
corporate action on the part of the New Guarantors.

 

NOW,
THEREFORE, in consideration of the premises set forth above and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the
Company, the Existing Guarantors, the New Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders as follows:

 

ARTICLE I

 

Agreement to Guarantee

 

Section 1.1.  Agreement to Guarantee.  Subject to Section 10.07 of the
Indenture, each New Guarantor hereby agrees, jointly and severally with all
other Guarantors, irrevocably and unconditionally, to guarantee the punctual
payment when due, whether at maturity, by acceleration, by redemption or
otherwise, of all monetary obligations of the Company under the Indenture and
the Securities, on the terms and 

 

 

subject
to the conditions set forth in Article X of the Indenture, which guarantee
shall be subject to automatic release in accordance with the provisions of Section 10.09
of the Indenture.

 

Section 1.2.  Trustee’s Acceptance.  The Trustee hereby accepts this Third
Supplemental Indenture and agrees to perform the same under terms and
conditions set forth in the Indenture.

 

ARTICLE II

 

Miscellaneous

 

Section 2.1.  Effect of Third Supplemental Indenture.  Upon the execution and delivery of this Third
Supplemental Indenture by the Company, the Existing Guarantors, the New
Guarantors and the Trustee, the Indenture shall be supplemented in accordance
herewith, and this Third Supplemental Indenture shall form a part of the
Indenture for all purposes, and every Holder of Securities heretofore or hereafter
authenticated and delivered under the Indenture shall be bound thereby.

 

Section 2.2.  Indenture Remains in Full Force and Effect.  Except as supplemented hereby, all provisions
in the Indenture shall remain in full force and effect.

 

Section 2.3.  Indenture and Third Supplemental Indenture
Construed Together.  This Third
Supplemental Indenture is an indenture supplemental to in and implementation of
the Indenture, and the Indenture and this Third Supplemental Indenture shall
henceforth be read and construed together.

 

Section 2.4.  Confirmation and Preservation of Indenture.  The Indenture as supplemented by this Third
Supplemental Indenture is in all respects confirmed and preserved.

 

Section 2.5.  Conflict with Trust Indenture Act.  If any provision of this Third Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA that is
required under the TIA to be part of and govern any provision of this Third
Supplemental Indenture, the provision of the TIA shall control.  If any provision of this Third Supplemental
Indenture modifies or excludes any provision of the TIA that may be so modified
or excluded, the provision of the TIA shall be deemed to apply to the Indenture
as so modified or to be excluded by this Third Supplemental Indenture, as the
case may be.

 

Section 2.6.  Severability.  In case any provision in this Third
Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

 

2

 

Section 2.7.  Benefits of Third Supplemental Indenture.  Nothing in this Third Supplemental Indenture
or the Securities, express or implied, shall give to any Person, other than the
parties hereto and thereto and their successors hereunder and thereunder and
the Holders of the Securities, any benefit of any legal or equitable right,
remedy or claim under the Indenture, this Third Supplemental Indenture or the
Securities.

 

Section 2.8.  Successors.  All agreements of the New Guarantor in this
Third Supplemental Indenture shall bind its successors except as provided in
the Indenture.  All agreements of the
Trustee in this Third Supplemental Indenture shall bind its successors.

 

Section 2.9.  Certain Duties and Responsibilities of the
Trustee.  In entering into this Third
Supplemental Indenture, the Trustee shall be entitled to the benefit of every
provision of the Indenture and the Securities relating to the conduct or
affecting the liability or affording protection to the Trustee, whether or not
elsewhere herein so provided.

 

Section 2.10.  Governing Law.  This Third Supplemental Indenture shall be
governed by, and construed in accordance with, the laws of the State of New
York. The Trustee, the Company, the Guarantors and the Securityholders agree to
submit to the jurisdiction of the courts of the State of New York in any action
or proceeding arising out of or relating to the Indenture, this Third
Supplemental Indenture or the Securities.

 

Section 2.11.  Multiple Originals.  The parties may sign any number of copies of
this Third Supplemental Indenture.  Each
signed copy shall be an original, but all of them together represent the same
agreement.  One signed copy is enough to
prove this Third Supplemental Indenture.

 

Section 2.12.  Headings.  The Article and Section headings
herein have been inserted for convenience of reference only, are not intended
to be considered a part hereof and shall not modify or restrict any of the
terms or provisions hereof.

 

3

 

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

 

	
   

  	
  New Guarantors

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BMCA
  Acquisition Inc.

  
	
   

  	
   

  	
  BMCA
  Acquisition Sub Inc.

  
	
   

  	
   

  	
  BMCA
  Gainesville LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Maitner

  
	
   

  	
   

  	
  Name:    John
  Maitner

  
	
   

  	
   

  	
  Title:      Vice
  President, Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  Company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUILDING
  MATERIALS

  
	
   

  	
   

  	
  CORPORATION
  OF AMERICA

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Maitner

  
	
   

  	
   

  	
  Name:    John
  Maitner

  
	
   

  	
   

  	
  Title:      Vice
  President, Treasurer

  

 

 

 

 

	
   

  	
  Existing Guarantors

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUILDING MATERIALS
  INVESTMENT

  
	
   

  	
   

  	
  CORPORATION

  
	
   

  	
   

  	
  BMCA INSULATION PRODUCTS
  INC.

  
	
   

  	
   

  	
  BUILDING MATERIALS

  
	
   

  	
   

  	
  MANUFACTURING CORPORATION

  
	
   

  	
   

  	
  DUCTWORK MANUFACTURING

  
	
   

  	
   

  	
  CORPORATION

  
	
   

  	
   

  	
  GAF MATERIALS CORPORATION

  
	
   

  	
   

  	
  (CANADA)

  
	
   

  	
   

  	
  GAF PREMIUM PRODUCTS INC.

  
	
   

  	
   

  	
  GAF REAL PROPERTIES, INC.

  
	
   

  	
   

  	
  GAFTECH CORPORATION

  
	
   

  	
   

  	
  LL BUILDING PRODUCTS INC.

  
	
   

  	
   

  	
  PEQUANNOCK VALLEY CLAIM

  
	
   

  	
   

  	
  SERVICE COMPANY, INC.

  
	
   

  	
   

  	
  SOUTH PONCA REALTY CORP.

  
	
   

  	
   

  	
  BMCA QUAKERTOWN INC.

  
	
   

  	
   

  	
  WIND GAP REAL PROPERTY

  
	
   

  	
   

  	
  ACQUISITION CORP.

  
	
   

  	
   

  	
  HBP ACQUISITION LLC

  
	
   

  	
   

  	
  BMCA NEWCO INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Maitner

  
	
   

  	
   

  	
  Name:    John
  Maitner

  
	
   

  	
   

  	
  Title:      Vice
  President, Treasurer

  

 

 

 

 

	
   

  	
  Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WILMINGTON
  TRUST COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Kristin L. Moore

  
	
   

  	
   

  	
  Name:    Kristin
  L. Moore

  
	
   

  	
   

  	
  Title:      Authorized
  SignatoryExhibit 4.9

 

FOURTH SUPPLEMENTAL
INDENTURE

 

FOURTH
SUPPLEMENTAL INDENTURE, dated as of February 21, 2007 between Building
Materials Corporation of America, a Delaware corporation (the “Company”), the
Guarantors signatory hereto (the “Guarantors”), and Wilmington Trust
Company, as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H :

 

WHEREAS,
the Indenture dated as of July 26, 2004, as amended by the First
Supplemental Indenture dated as of December 26, 2006, as further amended
by the Second Supplemental Indenture dated as of December 29, 2006, and as
further amended by the Third Supplemental Indenture dated as of December 29,
2006 (collectively and as further amended and supplemented, the “Indenture”),
was executed and delivered by the Company, the Guarantors named therein and the
Trustee, providing for the issuance of the 7.75% Senior Notes Due 2014 and the Series B
7.75% Senior Notes Due 2014 (collectively, the “Securities”);

 

WHEREAS,
the Company desires and has requested the Trustee to join with it and the
Guarantors in the execution and delivery of this Fourth Supplemental Indenture;

 

WHEREAS,
Section 9.01(1) of the Indenture provides that the Company, the
Guarantors and the Trustee may amend the Indenture and the Securities without
notice to or consent of any Holders of the Securities to cure any ambiguity,
omission, defect or inconsistency; and

 

WHEREAS,
this Fourth Supplemental Indenture has been duly authorized by all necessary
corporate action on the part of the Company and the Guarantors.

 

NOW,
THEREFORE, in consideration of the premises set forth above and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the
Company, the Guarantors and the Trustee mutually covenant and agree for the
equal and ratable benefit of the Holders as follows:

 

ARTICLE I

 

Amendments to Indenture

 

Section 1.1.  Unless otherwise specifically defined herein,
each term used herein which is defined in the Indenture shall have the meaning
assigned to such term in the Indenture.

 

Section 1.2.  Effective as of the date hereof, Section 4.11
of the Indenture is hereby amended by adding at the end of said section the
following sentence:

 

 

“For the avoidance of
ambiguity, it is understood that Liens referred to in clauses (1) through (9) of
this Section 4.11(b) may secure, in addition to the principal of any
indebtedness referred to in such clauses, interest, fees and all other
obligations on and in respect of such Debt that have been or are customarily
secured together with such Debt.”

 

Section 1.3.  The Trustee hereby accepts this Fourth
Supplemental Indenture and agrees to perform the same under terms and
conditions set forth in the Indenture.

 

ARTICLE II

 

Miscellaneous

 

Section 2.1.  Effect of Fourth Supplemental Indenture.  Upon the execution and delivery of this
Fourth Supplemental Indenture by the Company, the Guarantors and the Trustee,
the Indenture shall be supplemented in accordance herewith, and this Fourth
Supplemental Indenture shall form a part of the Indenture for all purposes, and
every Holder of Securities heretofore or hereafter authenticated and delivered
under the Indenture shall be bound thereby.

 

Section 2.2.  Indenture Remains in Full Force and Effect.  Except as supplemented hereby, all provisions
in the Indenture shall remain in full force and effect.

 

Section 2.3.  Indenture and Fourth Supplemental
Indenture Construed Together.  This
Fourth Supplemental Indenture is an indenture supplemental to in and
implementation of the Indenture, and the Indenture and this Fourth Supplemental
Indenture shall henceforth be read and construed together.

 

Section 2.4.  Confirmation and Preservation of Indenture.  The Indenture as supplemented by this Fourth
Supplemental Indenture is in all respects confirmed and preserved.

 

Section 2.5.  Conflict with Trust Indenture Act.  If any provision of this Fourth Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA that is
required under the TIA to be part of and govern any provision of this Fourth
Supplemental Indenture, the provision of the TIA shall control.  If any provision of this Fourth Supplemental
Indenture modifies or excludes any provision of the TIA that may be so modified
or excluded, the provision of the TIA shall be deemed to apply to the Indenture
as so modified or to be excluded by this Fourth Supplemental Indenture, as the
case may be.

 

Section 2.6.  Severability.  In case any provision in this Fourth
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

 

2

 

Section 2.7.  Benefits of Fourth Supplemental Indenture.  Nothing in this Fourth Supplemental Indenture
or the Securities, express or implied, shall give to any Person, other than the
parties hereto and thereto and their successors hereunder and thereunder and
the Holders of the Securities, any benefit of any legal or equitable right, remedy
or claim under the Indenture, this Fourth Supplemental Indenture or the
Securities.

 

Section 2.8.  Successors.  All agreements of the Company and the
Guarantors in this Fourth Supplemental Indenture shall bind its successors
except as provided in the Indenture.  All
agreements of the Trustee in this Fourth Supplemental Indenture shall bind its
successors.

 

Section 2.9.  Certain Duties and Responsibilities of the
Trustee.  In entering into this
Fourth Supplemental Indenture, the Trustee shall be entitled to the benefit of
every provision of the Indenture and the Securities relating to the conduct or
affecting the liability or affording protection to the Trustee, whether or not
elsewhere herein so provided.

 

Section 2.10.  Governing Law.  This Fourth Supplemental Indenture shall be
governed by, and construed in accordance with, the laws of the State of New
York. The Trustee, the Company, the Guarantors and the Securityholders agree to
submit to the jurisdiction of the courts of the State of New York in any action
or proceeding arising out of or relating to the Indenture, this Fourth
Supplemental Indenture or the Securities.

 

Section 2.11.  Multiple Originals.  The parties may sign any number of copies of
this Fourth Supplemental Indenture.  Each
signed copy shall be an original, but all of them together represent the same
agreement.  One signed copy is enough to
prove this Fourth Supplemental Indenture.

 

Section 2.12.  Headings.  The Article and Section headings
herein have been inserted for convenience of reference only, are not intended
to be considered a part hereof and shall not modify or restrict any of the
terms or provisions hereof.

 

3

 

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

 

	
   

  	
  Company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUILDING
  MATERIALS

  
	
   

  	
   

  	
  CORPORATION
  OF AMERICA

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Maitner

  
	
   

  	
   

  	
  Name:  John
  Maitner

  
	
   

  	
   

  	
  Title:    Vice
  President, Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  Guarantors

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BMCA ACQUISITION INC.

  
	
   

  	
   

  	
  BMCA ACQUISITION SUB. INC.

  
	
   

  	
   

  	
  BMCA GAINESVILLE LLC

  
	
   

  	
   

  	
  BMCA INSULATION PRODUCTS
  INC.

  
	
   

  	
   

  	
  BMCA QUAKERTOWN INC.

  
	
   

  	
   

  	
  BUILDING MATERIALS
  INVESTMENT

  
	
   

  	
   

  	
  CORPORATION

  
	
   

  	
   

  	
  BUILDING MATERIALS

  
	
   

  	
   

  	
  MANUFACTURING CORPORATION

  
	
   

  	
   

  	
  DUCTWORK MANUFACTURING

  
	
   

  	
   

  	
  CORPORATION

  
	
   

  	
   

  	
  GAF LEATHERBACK CORP.

  
	
   

  	
   

  	
  GAF MATERIALS CORPORATION

  
	
   

  	
   

  	
  (CANADA)

  
	
   

  	
   

  	
  GAF PREMIUM PRODUCTS INC.

  
	
   

  	
   

  	
  GAF REAL PROPERTIES, INC.

  
	
   

  	
   

  	
  GAFTECH CORPORATION

  
	
   

  	
   

  	
  HBP ACQUISITION LLC

  
	
   

  	
   

  	
  LL BUILDING PRODUCTS INC.

  
	
   

  	
   

  	
  PEQUANNOCK VALLEY CLAIM

  
	
   

  	
   

  	
  SERVICE COMPANY, INC.

  
	
   

  	
   

  	
  SOUTH PONCA REALTY CORP.

  
	
   

  	
   

  	
  WIND GAP REAL PROPERTY

  
	
   

  	
   

  	
  ACQUISITION CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Maitner

  
	
   

  	
   

  	
  Name:  John
  Maitner

  
	
   

  	
   

  	
  Title:    Vice
  President, Treasurer

  

 

 

 

	
   

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WILMINGTON
  TRUST COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Kristin L. Moore

  
	
   

  	
   

  	
  Name:  Kristin
  L. Moore

  
	
   

  	
   

  	
  Title:    Senior
  Financial Services Officer

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