Document:

EX-10.7

 Exhibit 10.7 

SPECIALTY BUILDING PRODUCTS, INC. 

2022 EMPLOYEE STOCK PURCHASE PLAN 

ARTICLE I 
 PURPOSE,
SCOPE AND ADMINISTRATION OF THE PLAN 
 1.1 Purpose and Scope. The purpose of the Specialty Building Products, Inc. 2022 Employee
Stock Purchase Plan, as it may be amended from time to time, (the “Plan”) is to assist employees of Specialty Building Products, Inc., a Delaware corporation (the “Company”), and its Designated Subsidiaries in
acquiring a stock ownership interest in the Company pursuant to a plan which is intended to qualify as an “employee stock purchase plan” under Section 423 of the Code and to help such employees provide for their future security and to
encourage them to remain in the employment of the Company and its Designated Subsidiaries. 
 ARTICLE II 

DEFINITIONS 
 Whenever the
following terms are used in the Plan, they shall have the meaning specified below unless the context clearly indicates to the contrary. The singular pronoun shall include the plural where the context so indicates. 

2.1 “Administrator” shall mean the Committee, or such individuals to which authority to administer the Plan has been delegated
under Section 7.1 hereof. 
 2.2 “Agent” means the brokerage firm, bank or other financial
institution, entity or person(s), if any, engaged, retained, appointed or authorized to act as the agent of the Company or an Employee with regard to the Plan. 

2.3 “Applicable Law” shall mean any applicable law, including without limitation: (a) provisions of the Code, the
Securities Act, the Exchange Act and any rules or regulations thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether federal, state, local or foreign; and (c) rules of any securities
exchange or automated quotation system on which the Common Stock is listed, quoted or traded. 
 2.4 “Board” shall mean the
Board of Directors of the Company. 
 2.5“Code” shall mean the Internal Revenue Code of 1986, as amended. 

2.6 “Committee” shall mean the Compensation Committee of the Board. 

2.7“Common Stock” shall mean the common stock of the Company, par value $0.01 per share. 

2.8 “Company” shall have such meaning as set forth in Section 1.1 hereof. 

 2.9 “Compensation” of an Employee shall mean, unless otherwise specified by
the Administrator in an Offering Document, the regular straight-time earnings or base salary, bonuses and commissions, paid to the Employee from the Company on each Payday as compensation for services to the Company or any Designated Subsidiary,
before deduction for any salary deferral contributions made by the Employee to any tax-qualified or nonqualified deferred compensation plan, including overtime, shift differentials, vacation pay, salaried
production schedule premiums, holiday pay, jury duty pay, funeral leave pay, paid time off, military pay, prior week adjustments and weekly bonus, but excluding education or tuition reimbursements, imputed income arising under any group insurance or
benefit program, travel expenses, business and moving reimbursements, income received in connection with any stock options, restricted stock, restricted stock units or other compensatory equity awards and all contributions made by the Company or any
Designated Subsidiary for the Employee’s benefit under any employee benefit plan now or hereafter established. Such Compensation shall be calculated before deduction of any required income or employment tax withholdings. 

2.10 “Designated Subsidiary” shall mean each Subsidiary that has been designated by the Board or Committee from time to time
in its sole discretion as eligible to participate in the Plan, including any Subsidiary in existence on the Effective Date and any Subsidiary formed or acquired following the Effective Date, in accordance with Section 7.2
hereof. 
 2.11 “Effective Date” shall mean the date the Plan is adopted by the Board, subject to approval of the
Company’s stockholders within twelve (12) months of such date of adoption. 
 2.12 “Eligible Employee” shall mean
an Employee who after the granting of the Option would not be deemed for purposes of Section 423(b)(3) of the Code to possess five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any
Subsidiary. For purposes of the foregoing sentence, the rules of Section 424(d) of the Code with regard to the attribution of stock ownership shall apply in determining the stock ownership of an individual, and stock which an Employee may
purchase under outstanding options shall be treated as stock owned by the Employee. Notwithstanding the foregoing, the Administrator may provide in an Offering Document that an Employee is excluded from participation in the Plan in an Offering
Period if (i) such Employee is a “highly compensated employee” of the Company or any Designated Subsidiary (within the meaning of Section 414(q) of the Code), or is such a “highly compensated employee” (A) with
compensation above a specified level, (B) who is an officer and/or (C) is subject to the disclosure requirements of Section 16(a) of the Exchange Act; (ii) such Employee has not met a service requirement designated by the
Administrator pursuant to Section 423(b)(4)(A) of the Code (which service requirement may not exceed two years), (iii) such Employee is customarily scheduled to work less than twenty (20) hours per week, (iv) such Employee’s
customary employment is for less than five (5) months in any calendar year and/or (v) such Employee is a citizen or resident of a foreign jurisdiction (without regard to whether they are also a citizen of the United States or a resident
alien (within the meaning of Section 7701(b)(1)(A) of the Code)) if either (a) the grant of the Option is prohibited under the laws of the jurisdiction governing such Employee, or (b) compliance with the laws of the foreign
jurisdiction would cause the Plan or the Option to violate the requirements of Section 423 of the Code; provided that any exclusion in clauses (i), (ii), (iii), (iv) or (v) shall be applied in an identical manner under each Offering
Period to all Employees of the Company and all Designated Subsidiaries, in accordance with Treasury Regulations § 1.423-2(e). 

  
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 2.13 “Employee” shall mean any person who renders services to the Company
or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code. “Employee” shall not include any director of the Company or a Designated Subsidiary who does not render services to the Company
or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on military leave,
sick leave or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury Regulations § 1.421-1(h)(2). Where the period of leave exceeds three
(3) months, or such other period specified in Treasury Regulations § 1.421-1(h)(2), and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment
relationship shall be deemed to have terminated on the first day immediately following such three (3)-month period, or such other period specified in Treasury Regulations § 1.421-1(h)(2). 

2.14 “Enrollment Date” shall mean the first date of each Offering Period. 

2.15 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

2.16 “Exercise Date” shall mean the last Trading Day of each Offering Period, except as provided in
Section 5.2 hereof. 
 2.17 “Fair Market Value” shall mean, for purposes of the Plan, unless
otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, the last sales price reported for the Common Stock on the applicable date: (a) as reported on the
principal national securities exchange in the United States on which it is then traded or (b) if the Common Stock is not traded, listed, or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market Value in
whatever manner it considers appropriate. Notwithstanding the foregoing, with respect to any Offering Period that begins on the pricing date of the Company’s initial public offering, the Fair Market Value shall mean the initial public offering
price of a Share as set forth in the Company’s final prospectus relating to its initial public offering filed with the Securities and Exchange Commission. 

2.18 “Grant Date” shall mean the first Trading Day of an Offering Period. 

2.19 “New Exercise Date” shall mean any new Exercise Date set by the Administrator, in its sole discretion, in connection with
the proposed (i) dissolution or liquidation of the Company, or (ii) sale of all or substantially all of the assets of the Company, the merger of the Company with or into another corporation, or other transaction as set forth by the
Administrator in an Offering Document. 
 2.20 “Offering Document” shall have the meaning given to such term in
Section 3.2. 
 2.21 “Offering Period” shall mean such period of time commencing on such date(s)
as determined by the Administrator, in its sole discretion, and with respect to which Options shall be granted to Participants, following the Effective Date, except as otherwise provided under Section 5.3 hereof. The
duration and timing of Offering Periods may be changed by the Board or Committee, in its sole discretion. Notwithstanding the foregoing, in no event may an Offering Period exceed twenty-seven (27) months. 

  
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 2.22 “Option” shall mean the right to purchase Shares pursuant to the Plan
during each Offering Period. 
 2.23 “Option Price” shall mean the purchase price of a Share hereunder as provided in
Section 4.2 hereof. 
 2.24 “Organizational Documents” shall mean, collectively, (a) the
Company’s articles of incorporation, certificate of incorporation, bylaws or other similar organizational documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other similar
organizational documentation relating to the creation and governance of the Committee. 
 2.25 “Parent” means any entity
that is a parent corporation of the Company within the meaning of Section 424 of the Code and the Treasury Regulations thereunder. 

2.26 “Participant” shall mean any Eligible Employee who elects to participate in the Plan 2 27 

2.27 “Payday” shall mean the regular and recurring established day for payment of Compensation to an Employee of the Company
or any Designated Subsidiary. 
 2.28 “Plan” shall have such meaning as set forth in Section 1.1
hereof. 
 2.29 “Plan Account” shall mean a bookkeeping account established and maintained by the Company in the name of
each Participant. 
 2.30 “Section 423 Option” shall mean each right to purchase stock under any employee
stock purchase plan (as described in Section 423 of the Code) of the Company and its Subsidiaries. 
 2.31 “Securities
Act” shall mean the Securities Act of 1933, as amended 
 2.32 “Share” shall mean a share of Common Stock. 

2.33 “Subsidiary” shall mean any entity that is a subsidiary corporation of the Company within the meaning of Section 424
of the Code and the Treasury Regulations thereunder. In addition, with respect to any sub-plans adopted under Section 7.1(d) hereof which are designed to be outside the scope of
Section 423 of the Code, Subsidiary shall include any corporate or noncorporate entity in which the Company has a direct or indirect equity interest or significant business relationship. 

2.34 “Trading Day” shall mean a day on which the principal securities exchange on which the Common Stock is listed is open for
trading or, if the Common Stock is not listed on a securities exchange, shall mean a business day, as determined by the Administrator in good faith. 

2.35 “Withdrawal Election” shall have such meaning as set forth in Section 6.1(a) hereof. 

  
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 ARTICLE III 

PARTICIPATION 
 3.1
Eligibility. 
 (a) Any Eligible Employee who shall be employed by the Company or a Designated Subsidiary on a given Enrollment Date for
an Offering Period shall be eligible to participate in the Plan during such Offering Period, subject to the requirements of Articles IV and V hereof, and the limitations imposed by Section 423(b) of the Code and the
Treasury Regulations thereunder. 
 (b) No Eligible Employee shall be granted an Option under the Plan if such Option would permit such
Eligible Employee’s Section 423 Options to accrue at a rate that exceeds $25,000 of the Fair Market Value of the Shares issuable under such 423 Options (determined at the time the Section 423 Option is granted) for each calendar year
in which any Section 423 Option granted to the Eligible Employee is outstanding at any time. For purposes of the limitation imposed by this subsection: 

(i) the right to purchase Shares under a Section 423 Option accrues when the Section 423 Option (or any portion thereof) first
becomes exercisable during the calendar year, 
 (ii) the right to purchase Shares under a Section 423 Option accrues at the rate
provided in the Section 423 Option, but in no case may such rate exceed $25,000 of Fair Market Value of such Shares (determined at the time such option is granted) for any one calendar year, and 

(iii) a right to purchase Shares which has accrued under a Section 423 Option may not be carried over to any other Section 423
Option; provided that Participants may carry forward amounts so accrued that represent a fractional Share and were withheld but not applied towards the purchase of Common Stock under an earlier Offering Period, and may apply such amounts
towards the purchase of additional Shares under a subsequent Offering Period. 
 The limitation under this
Section 3.1(b) shall be applied in accordance with Section 423(b)(8) of the Code and the Treasury Regulations thereunder. 

3.2 Offering Document. The terms and conditions applicable to each Offering Period shall be set forth in an “Offering
Document” adopted by the Administrator, which Offering Document shall be in such form and shall contain such terms and conditions as the Administrator shall deem appropriate and shall be incorporated by reference into and made part of the
Plan and shall be attached hereto as part of the Plan. The provisions of separate Offering Periods under the Plan need not be identical. Each Offering Document with respect to an Offering Period shall specify (through incorporation of the provisions
of this Plan by reference or otherwise): (i) the length of the Offering Period, which period shall not exceed twenty-seven (27) months; (ii) the maximum number of Shares that may be purchased by any Eligible Employee during such Offering
Period, which, in the absence of a contrary designation by the Administrator, shall be [__] Shares; and (iii) such other provisions as the Administrator determines are appropriate, subject to the Plan. 

  
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 3.3 Election to Participate; Payroll Deductions 

(a) Except as provided in Section 3.4 hereof, an Eligible Employee may become a Participant in the Plan only by means
of payroll deduction. Each individual who is an Eligible Employee as of an Offering Period’s Enrollment Date may elect to participate in such Offering Period and the Plan by delivering to the Company a payroll deduction authorization no later
than such period of time prior to the applicable Enrollment Date as determined by the Administrator, in its sole discretion. 
 (b) Subject
to Section 3.1(b) hereof, payroll deductions (i) shall be equal to at least one percent (1%) of the Participant’s Compensation as of each Payday of the Offering Period following the Enrollment Date, but not more
than the lesser of fifteen percent (15%) of the Participant’s Compensation as of each Payday of the Offering Period following the Enrollment Date or $25,000 per Offering Period; and (ii) may be expressed by the Participant in the payroll
deduction authorization either as (A) a whole number percentage, or (B) a fixed dollar amount. Amounts deducted from a Participant’s Compensation with respect to an Offering Period pursuant to this
Section 3.3 shall be deducted each Payday through payroll deduction and credited to the Participant’s Plan Account. 

(c) Following at least one (1) payroll deduction, a Participant may decrease (to as low as zero) the amount deducted from such
Participant’s Compensation only once during an Offering Period upon ten (10) calendar days’ prior written notice to the Company. A Participant may not increase the amount deducted from such Participant’s Compensation during an
Offering Period. 
 (d) Notwithstanding the foregoing, upon the termination of an Offering Period, each Participant in such Offering Period
shall automatically participate in the immediately following Offering Period at the same payroll deduction percentage as in effect at the termination of the prior Offering Period, unless such Participant delivers to the Company a different election
with respect to the successive Offering Period in accordance with Section 3.1(a) hereof, or unless such Participant becomes ineligible for participation in the Plan. 

3.4 Leave of Absence. During leaves of absence approved by the Company meeting the requirements of Treasury Regulations § 1.421-1(h)(2) under the Code, a Participant may continue participation in the Plan by making cash payments to the Company on Participant’s normal payday equal to Participant’s authorized payroll deduction.

 3.5 Foreign Employees. In order to facilitate participation in the Plan, the Administrator may provide for such special terms
applicable to Participants who are citizens or residents of a foreign jurisdiction, or who are employed by a Designated Subsidiary outside of the United States, as the Administrator may consider necessary or appropriate to accommodate differences in
local law, tax policy or custom. Such special terms may not be more favorable than the terms of rights granted under the Plan to Eligible Employees who are residents of the United States. Moreover, the Administrator may approve such supplements to,
or amendments, restatements or alternative versions of, this Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of this Plan as in effect for any other purpose. No such special terms, supplements,
amendments or restatements shall include any provisions that are inconsistent with the terms of this Plan as then in effect unless this Plan could have been amended to eliminate such inconsistency without further approval by the stockholders of the
Company. 

  
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 ARTICLE IV 

PURCHASE OF SHARES 
 4.1
Grant of Option. Each Participant shall be granted an Option with respect to an Offering Period on the applicable Grant Date. Subject to the limitations of Section 3.1(b) hereof, the number of Shares subject to a
Participant’s Option shall be determined by dividing (a) such Participant’s payroll deductions accumulated prior to such Exercise Date and retained in the Participant’s Plan Account on such Exercise Date by (b) the
applicable Option Price; provided that in no event shall a Participant be permitted to purchase during each Offering Period more than [__] Shares (subject to any adjustment pursuant to Section 5.2 hereof). The
Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of Shares that a Participant may purchase during such future Offering Periods. Each Option shall expire on the Exercise Date for the
applicable Offering Period immediately after the automatic exercise of the Option in accordance with Section 4.3 hereof, unless such Option terminates earlier in accordance with Article VI hereof. 

4.2 Option Price. The Option Price per Share to be paid by a Participant upon exercise of the Participant’s Option on the
applicable Exercise Date for an Offering Period shall be designated by the Administrator in the applicable Offering Document (which Option Price shall not be less than eighty five percent (85%) of the Fair Market Value of a Share on the applicable
Enrollment Date or on the Exercise Date, whichever is lower); provided, however, that, in the event no Option Price is designated by the Administrator in the applicable Offering Document, the Option Price for the Offering Periods
covered by such Offering Document shall be equal to eighty five percent (85%) of the Fair Market Value of a Share on the applicable Enrollment Date or on the Exercise Date, whichever is lower; provided further that in no event shall the
Option Price per Share be less than the par value per Share. 
 4.3 Purchase of Shares. 

(a) On the applicable Exercise Date for an Offering Period, each Participant shall automatically and without any action on such
Participant’s part be deemed to have exercised Participant’s Option to purchase at the applicable Option Price the largest number of whole Shares which can be purchased with the amount in the Participant’s Plan Account. Any balance
less than the Option Price per Share as of such Exercise Date shall be carried forward to the next Offering Period, unless the Participant has elected to withdraw from the Plan pursuant to Section 6.1 hereof or, pursuant to
Section 6.2 hereof, such Participant has ceased to be an Eligible Employee. Any balance not carried forward to the next Offering Period in accordance with the prior sentence promptly shall be refunded to the applicable
Participant. 
 (b) As soon as practicable following the applicable Exercise Date, the number of Shares purchased by such Participant
pursuant to Section 4.3(a) hereof shall be delivered (either in share certificate or book entry form), in the Company’s sole discretion, to either (i) the Participant or (ii) an account established in the
Participant’s name at a stock brokerage or other financial services firm designated by the Company. If the Company is required to obtain from any 

  
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commission or agency authority to issue any such Shares, the Company shall seek to obtain such authority. Inability of the Company to obtain from any such commission or agency authority that
counsel for the Company deems necessary for the lawful issuance of any such shares shall relieve the Company from liability to any Participant except to refund to the Participant such Participant’s Plan Account balance, without interest
thereon. 
 4.4 Transferability of Rights. 

(a) An Option granted under the Plan shall not be transferable, other than by will or the Applicable Laws of descent and distribution, and is
exercisable during the Participant’s lifetime only by the Participant. No option or interest or right to the Option shall be available to pay off any debts, contracts or engagements of the Participant or Participant’s successors in
interest or shall be subject to disposition by pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempt at disposition of the option shall have no effect. 
 (b)Unless otherwise determined by
the Administrator, there shall be no holding period for the Shares issued pursuant to the exercise of an Option. Any holding period determined by the Administrator shall be subject to Sections 5.2(b) and 5.2(c) below. 

ARTICLE V 
 PROVISIONS
RELATING TO COMMON STOCK 
 5.1 Common Stock Reserved. Subject to adjustment as provided in Section 5.2
hereof, the maximum number of Shares that shall be made available for sale under the Plan shall be [__] Shares. 
 5.2 Adjustments Upon
Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale. 
 (a) Changes in Capitalization. Subject to any
required action by the stockholders of the Company, the number of Shares which have been authorized for issuance under the Plan but not yet placed under Option, as well as the price per share and the number of Shares covered by each Option under the
Plan which has not yet been exercised shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock dividend, spinoff, extraordinary cash dividend, combination
or reclassification of the Common Stock, or any other increase or decrease in the number of Shares effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall
not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no
issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an
Option. 

  
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 (b) Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, the Offering Period then in progress shall be shortened by setting a New Exercise Date, and shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by
the Administrator. The New Exercise Date shall be before the date of the Company’s proposed dissolution or liquidation. The Administrator shall notify each Participant in writing (or electronically if determined by the Administrator), at least
ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant’s Option has been changed to the New Exercise Date and that the Participant’s Option shall be exercised automatically on the New
Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 6.1 hereof. 

(c) Merger or Asset Sale. In the event of a proposed sale of all or substantially all of the assets of the Company, the merger of the
Company with or into another corporation, or other transaction as set forth by the Administrator in an Offering Document, each outstanding Option shall be assumed or an equivalent Option substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation. In the event that the successor corporation or a Parent or Subsidiary of the successor corporation refuses to assume or substitute for the Option, any Offering Periods then in progress shall be shortened by
setting a New Exercise Date and any Offering Periods then in progress shall end on the New Exercise Date. The New Exercise Date shall be before the date of the Company’s proposed sale, merger or other transaction. The Administrator shall notify
each Participant in writing (or electronically if determined by the Administrator), at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant’s Option has been changed to the New Exercise
Date and that the Participant’s Option shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 6.1 hereof. 

5.3 Insufficient Shares. If the Administrator determines that, on a given Exercise Date, the number of Shares with respect to which
Options are to be exercised may exceed the number of Shares remaining available for sale under the Plan on such Exercise Date, the Administrator shall make a pro rata allocation of the Shares available for issuance on such Exercise Date in as
uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all Participants exercising Options to purchase Common Stock on such Exercise Date, and unless additional shares are authorized for
issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section 7.5 hereof. If an Offering Period is so terminated, then the balance of the amount credited to the
Participant’s Plan Account which has not been applied to the purchase of Shares shall be paid to such Participant in one lump sum in cash within thirty (30) days after such Exercise Date, without any interest thereon. 

5.4 Rights as Stockholders. With respect to Shares subject to an Option, a Participant shall not be deemed to be a stockholder of the
Company and shall not have any of the rights or privileges of a stockholder. A Participant shall have the rights and privileges of a stockholder of the Company when, but not until, Shares have been deposited in the designated brokerage account
following exercise of Participant’s Option. 

  
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 ARTICLE VI 

TERMINATION OF PARTICIPATION 

6.1 Cessation of Contributions; Voluntary Withdrawal. 

(a)A Participant may cease payroll deductions during an Offering Period and elect to withdraw from the Plan by delivering written notice of
such election to the Company in such form and at such time prior to the Exercise Date for such Offering Period as may be established by the Administrator (a “Withdrawal Election”). A Participant electing to withdraw from the Plan
may elect to either (i) withdraw all of the funds then credited to the Participant’s Plan Account as of the date on which the Withdrawal Election is received by the Company, in which case amounts credited to such Plan Account shall be
returned to the Participant in one (1) lump-sum payment in cash within thirty (30) days after such election is received by the Company, without any interest thereon, and the Participant shall cease
to participate in the Plan and the Participant’s Option for such Offering Period shall terminate; or (ii) exercise the Option for the maximum number of whole Shares on the applicable Exercise Date with any remaining Plan Account balance
returned to the Participant in one (1) lump-sum payment in cash within thirty (30) days after such Exercise Date, without any interest thereon, and after such Exercise Date cease to participate in
the Plan. Upon receipt of a Withdrawal Election, the Participant’s payroll deduction authorization and Participant’s Option to purchase under the Plan shall terminate. 

(b) A Participant’s withdrawal from the Plan shall not have any effect upon Participant’s eligibility to participate in any similar
plan which may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the Offering Period from which the Participant withdraws. 

(c) A Participant who ceases contributions to the Plan during any Offering Period shall not be permitted to resume contributions to the Plan
during that Offering Period. 
 6.2 Termination of Eligibility. Upon a Participant’s ceasing to be an Eligible Employee, for any
reason, such Participant’s Option for the applicable Offering Period shall automatically terminate, Participant shall be deemed to have elected to withdraw from the Plan, and such Participant’s Plan Account shall be paid to such
Participant or, in the case of Participant’s death, to the person or persons entitled thereto pursuant to Applicable Law, within thirty (30) days after such cessation of being an Eligible Employee, without any interest thereon. 

ARTICLE VII 
 GENERAL
PROVISIONS 
 7.1 Administration. 

(a) The Plan shall be administered by the Committee. The Committee may delegate administrative tasks under the Plan to the services of an Agent
and/or Employees to assist in the administration of the Plan, including establishing and maintaining an individual securities account under the Plan for each Participant. 

(b) It shall be the duty of the Administrator to conduct the general administration of the Plan in accordance with the provisions of the Plan.
The Administrator shall have the power, subject to, and within the limitations of, the express provisions of the Plan: 

  
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 (i) To establish Offering Periods; 

(ii) To determine when and how Options shall be granted and the provisions and terms of each Offering Period (which need not be identical);

 (iii) To select Designated Subsidiaries in accordance with Section 7.2 hereof; and 

(iv) To construe and interpret the Plan, the terms of any Offering Period and the terms of the Options and to adopt such rules for the
administration, interpretation, and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. The Administrator, in the exercise of this power, may correct any defect, omission or inconsistency in the
Plan, any Offering Period or any Option, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effect, subject to Section 423 of the Code and the Treasury Regulations thereunder. 

(c) The Administrator may adopt rules or procedures relating to the operation and administration of the Plan, including to accommodate the
specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Administrator is specifically authorized to adopt rules and procedures regarding handling of participation elections, payroll deductions,
payment of interest, conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. In its absolute discretion, the Board may at any time and from time to time exercise any
and all rights and duties of the Administrator under the Plan. 
 (d) The Administrator may adopt
sub-plans applicable to particular Designated Subsidiaries or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. The
rules of such sub-plans may take precedence over other provisions of this Plan, with the exception of Section 5.1 hereof, but unless otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. 

(e) All expenses and liabilities incurred by the Administrator in connection with the administration of the Plan shall be borne by the Company.
The Administrator may, with the approval of the Committee, employ attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and directors shall be entitled to rely upon the advice,
opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Administrator in good faith shall be final and binding upon all Participants, the Company and all other interested persons. No
member of the Board or Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the options, and all members of the Board or Administrator shall be fully protected by the
Company in respect to any such action, determination, or interpretation. 
 To the extent permitted under Applicable Law and the
Organizational Documents, each member of the Administrator shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or
resulting from any claim, action, suit, or proceeding to which such member may be a party or in which such member may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by such
member in satisfaction 

  
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of judgment in such action, suit, or proceeding against such member; provided such member gives the Company an opportunity, at its own expense, to handle and defend the same before such
member undertakes to handle and defend it on such member’s own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Organizational
Documents, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 7.2
Designation of Subsidiaries. The Board or Committee shall designate from among the Subsidiaries, as determined from time to time, the Subsidiary or Subsidiaries that shall constitute Designated Subsidiaries. The Board or Committee may designate
a Subsidiary, or terminate the designation of a Subsidiary, without the approval of the stockholders of the Company. 
 7.3 Reports.
Individual accounts shall be maintained for each Participant in the Plan. Statements of Plan Accounts shall be given to Participants at least annually, which statements shall set forth the amounts of payroll deductions, the Option Price, the number
of shares purchased and the remaining cash balance, if any. 
 7.4 No Right to Employment. Nothing in the Plan shall be construed to
give any person (including any Participant) the right to remain in the employ of the Company, a Parent or a Subsidiary or to affect the right of the Company, any Parent or any Subsidiary to terminate the employment of any person (including any
Participant) at any time, with or without cause, which right is expressly reserved. 
 7.5 Amendment and Termination of the Plan. 

(a) The Board may, in its sole discretion, amend, suspend or terminate the Plan at any time and from time to time; provided, however,
that without approval of the Company’s stockholders given within twelve (12) months before or after action by the Board, the Plan may not be amended to increase the maximum number of Shares subject to the Plan or change the designation or
class of Eligible Employees; and provided, further that without approval of the Company’s stockholders, the Plan may not be amended in any manner that would cause the Plan to no longer be an “employee stock purchase plan”
within the meaning of Section 423(b) of the Code. 
 (b) In the event the Administrator determines that the ongoing operation of the
Plan may result in unfavorable financial accounting consequences, the Administrator may, to the extent permitted under Section 423 of the Code, in its discretion and, to the extent necessary or desirable, modify or amend the Plan to reduce or
eliminate such accounting consequence including, but not limited to: 
 (i) altering the Option Price for any Offering Period including an
Offering Period underway at the time of the change in Option Price; 

  
 12 

 (ii) shortening any Offering Period so that the Offering Period ends on a new Exercise
Date, including an Offering Period underway at the time of the Administrator action; and 
 (iii) allocating Shares. 

Such modifications or amendments shall not require stockholder approval or the consent of any Participant. 

(c) Upon termination of the Plan, the balance in each Participant’s Plan Account shall be refunded as soon as practicable after such
termination, without any interest thereon. 
 7.6 Use of Funds; No Interest Paid. All funds received by the Company by reason of
purchase of Common Stock under the Plan shall be included in the general funds of the Company free of any trust or other restriction and may be used for any corporate purpose. No interest shall be paid to any Participant or credited under the Plan.

 7.7 Term; Approval by Stockholders. Subject to approval by the stockholders of the Company in accordance with this
Section 7.7, the Plan shall terminate on the tenth (10th) anniversary of the date of its initial approval by the stockholder(s) of the Company, unless earlier terminated in accordance with Sections 5.3 or
7.5 hereof. No Option may be granted during any period of suspension of the Plan or after termination of the Plan. The Plan shall be submitted for the approval of the Company’s stockholder(s) within twelve (12) months after the date
of the Board’s initial adoption of the Plan. Options may be granted prior to such stockholder approval; provided, however, that such Options shall not be exercisable prior to the time when the Plan is approved by the stockholders;
provided, further that if such approval has not been obtained by the end of said twelve (12)-month period, all Options previously granted under the Plan shall thereupon terminate and be canceled and become null and void without being
exercised. 
 7.8 Effect Upon Other Plans. The adoption of the Plan shall not affect any other compensation or incentive plans in
effect for the Company, any Parent or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company, any Parent or any Subsidiary (a) to establish any other forms of incentives or compensation for Employees of the
Company or any Parent or any Subsidiary, or (b) to grant or assume Options otherwise than under the Plan in connection with any proper corporate purpose, including, but not by way of limitation, the grant or assumption of options in connection
with the acquisition, by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, firm or association. 

7.9 Conformity to Securities Laws. Notwithstanding any other provision of the Plan, the Plan and the participation in the Plan by any
individual who is then subject to Section 16 of the Exchange Act shall be subject to any additional limitations set forth in any applicable exemption rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Law, the Plan shall be deemed amended to the extent necessary to conform to such
applicable exemptive rule. 
 7.10 Notice of Disposition of Shares. Each Participant shall, if requested by the Company, give the
Company prompt notice of any disposition or other transfer of any Shares acquired pursuant to the exercise of an Option, if such disposition or transfer is made (a) within two (2) years after the applicable Grant Date or (b) within
one (1) year after the transfer of such Shares to such Participant upon exercise of such Option. The Company may direct that any certificates evidencing shares acquired pursuant to the Plan refer to such requirement. 

  
 13 

 7.11 Tax Withholding. The Company or any Parent or any Subsidiary shall be entitled
to require payment in cash or deduction from other compensation payable to each Participant of any sums required by federal, state or local tax law to be withheld with respect to any purchase of Shares under the Plan or any sale of such shares. 

7.12 Governing Law. The Plan and all rights and obligations thereunder shall be construed and enforced in accordance with the laws of
the State of Delaware. 
 7.13 Notices. All notices or other communications by a participant to the Company under or in connection
with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 

7.14 Conditions to Issuance of Shares. 

(a) Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book
entries evidencing Shares pursuant to the exercise of an Option by a Participant, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance of such Shares is in compliance with all Applicable Laws,
regulations of governmental authorities and, if applicable, the requirements of any securities exchange or automated quotation system on which the Shares are listed or traded, and the Shares are covered by an effective registration statement or
applicable exemption from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that a Participant make such reasonable covenants, agreements, and representations as the Board or the Committee,
in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. 
 (b) All certificates for Shares
delivered pursuant to the Plan and all Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with federal, state, or foreign securities
or other laws, rules and regulations and the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any certificate or book entry evidencing Shares to
reference restrictions applicable to the Shares. 
 (c) The Committee shall have the right to require any Participant to comply with any
timing or other restrictions with respect to the settlement, distribution or exercise of any Option, including a window-period limitation, as may be imposed in the sole discretion of the Committee. 

(d) Notwithstanding any other provision of the Plan, unless otherwise determined by the Committee or required by any Applicable Law, rule or
regulation, the Company may, in lieu of delivering to any Participant certificates evidencing Shares issued in connection with any Option, record the issuance of Shares in the books of the Company (or, as applicable, its transfer agent or stock plan
administrator). 

  
 14 

 7.15 Equal Rights and Privileges. Except with respect to sub-plans designed to be outside the scope of Section 423 of the Code, all Eligible Employees of the Company (or of any Designated Subsidiary) shall have equal rights and privileges under this Plan to the
extent required under Section 423 of the Code or the regulations promulgated thereunder so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 of the Code or the Treasury Regulations
thereunder and all Administrator actions hereunder shall be interpreted accordingly. Any provision of this Plan that is inconsistent with Section 423 of the Code or the Treasury Regulations thereunder shall, without further act or amendment by
the Company or the Board, be reformed to comply with the equal rights and privileges requirement of Section 423 of the Code or the Treasury Regulations thereunder. 

7.16 Titles and Headings, References to Sections of the Code or Exchange Act. The titles and headings of the Sections in the Plan are
for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of Applicable Law, including the Code, the Securities Act or the Exchange Act shall
include any amendment or successor thereto. 
 * * * * * 

  
 15 

 I hereby certify that the foregoing Specialty Building Products, Inc. 2022 Employee Stock
Purchase Plan was duly approved by the Board of Directors of Specialty Building Products, Inc. on [•], 2022. 
 Executed on this
[•] day of [•], 2022. 
  

	
	 /s/ [•]

	Name:
	Title:

 ADDENDUM 

TERMS AND CONDITIONS FOR ELIGIBLE INDIVIDUALS IN CANADA 

Notwithstanding any provision of the Plan to the contrary, an Award granted to an Eligible Employee who is a resident of Canada shall be made subject to the
following terms and conditions: 
 STOCK OPTIONS 

Shares to be Issued on Exercise 
 A Stock Option shall be
exercisable only for Shares, unless the Eligible Employee has the choice to receive cash rather than Shares on the exercise.  
 Exercise Price

 The exercise price per Share subject to a Stock Option shall not be less than 100% of the Fair Market Value of such Share at the time of grant. 

Notice to Employee 
 No later than 21 days after
the Award Agreement is entered into, the Company shall prepare a written notice (the “Notice”) which shall indicate the number of Shares subject to the Stock Option that are
“non-qualified securities” for purposes of the Income Tax Act (Canada). The Company shall transfer the Notice to the employer of the Eligible Employee. The employer shall provide the
Notice to the Eligible Employee no later than 25 days after the Award Agreement is entered into.
 Payment of Exercise Price and Required Withholdings

 The Company shall have the right to require the Eligible Employee to make a cash payment to the Company in an amount sufficient to satisfy the
exercise price and the Company’s obligation to remit income tax and other source deductions to the Canada Revenue Agency, prior to permitting the Stock Option to be exercised. 

RESTRICTED STOCK UNITS AND CASH-BASED AWARDS 
 Term

 Any grant of Restricted Stock Units, or any other Awards, that are required to be settled in cash, or that may be settled in cash at the option of the
Company, must vest and be settled in full no later than December 31st of the third year following the year the services are provided in respect of which the grant is made. 

Withholding Tax 
 The Company shall have the right to
require the Eligible Employee to make a cash payment to the Company sufficient for the Company to satisfy its obligation to remit income tax and other source deductions to the Canada Revenue Agency prior to permitting the Restricted Stock Units or
other Award to be settled.EX-10.8

 Exhibit 10.8 

DIRECTOR NOMINATION AGREEMENT 

THIS DIRECTOR NOMINATION AGREEMENT (this “Agreement”) is made and entered into as of January [●], 2022, by and among
Specialty Building Products, Inc., a Delaware corporation (the “Company”) and SBP Varsity Holdings, LP, a Delaware limited partnership (“Varsity”). This Agreement shall become effective (the “Effective
Date”) upon the closing of the Company’s initial public offering (the “IPO”) of shares of its common stock, par value $0.01 per share (the “Common Stock”). 

WHEREAS, as of the date hereof, Varsity owns a majority of the outstanding equity interests of the Company; 

WHEREAS, as of the date hereof, the majority of limited partnership interests in Varsity are indirectly held by funds advised by The Jordan
Company (together with such funds with such an investment advisory relationship, “TJC”); 
 WHEREAS, Varsity is
contemplating causing the Company to effect the IPO; 
 WHEREAS, in consideration of Varsity agreeing to undertake the IPO, the Company has
agreed to permit Varsity to designate persons for nomination for election to the board of directors of the Company (the “Board”) following the Effective Date on the terms and conditions set forth herein; 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each of the parties to this Agreement agrees as follows: 

1.    Board Nomination Rights. 
  

	 	(a)	 From the Effective Date, Varsity shall have the right, but not the obligation, to designate, and the
individuals nominated for election as Directors by or at the direction of the Board or a duly-authorized committee thereof shall include, a number of individuals such that, upon the election of each such individual, and each other individual
nominated by or at the direction of the Board or a duly authorized committee of the Board, as a Director and taking into account any Director continuing to serve without the need for re-election, the number of
Nominees (as defined below) serving as Directors of the Company will be equal to: (i) if Varsity and its Affiliates collectively Beneficially Own shares of Common Stock representing 50% or more of the total voting power of the Total Outstanding
Securities (as defined below) as of the record date for such meeting, the lowest whole number that is greater than 50% of the Total Number of Directors (as defined below); (ii) if Varsity and its Affiliates collectively Beneficially Own shares of
Common Stock representing at least 40% (but less than 50%) of the total voting power of the Total Outstanding Securities as of the record date for such meeting, the lowest whole number that is greater than 40% of the Total Number of Directors;
(iii) if Varsity and its Affiliates collectively 

	 	Beneficially Own shares of Common Stock representing at least 30% (but less than 40%) of the total voting power of Total Outstanding Securities as of the record date for such meeting, the lowest whole number that is
greater than 30% of the Total Number of Directors; (iv) if Varsity and its Affiliates collectively Beneficially Own shares of Common Stock representing at least 20% (but less than 30%) of the total voting power of the Total Outstanding
Securities as of the record date for such meeting, the lowest whole number that is greater than 20% of the Total Number of Directors; and (v) if Varsity and its Affiliates collectively Beneficially Own shares of Common Stock representing at
least 10% (but less than 20%) of the total voting power of the Total Outstanding Securities as of the record date for such meeting, the lowest whole number (such number always being equal to or greater than one) that is greater than 10% of the Total
Number of Directors (in each case, each such person a “Nominee”). 

  

	 	(b)	 In the event that Varsity has nominated less than the total number of designees that Varsity shall be entitled
to nominate pursuant to Section 1(a), Varsity shall have the right, at any time, to nominate such additional designees to which it is entitled, in which case, the Company and the Directors (as defined below) shall take all
necessary corporation action, to the fullest extent permitted by applicable law (including with respect to fiduciary duties under Delaware law), to (x) enable Varsity to nominate and effect the election or appointment of such additional
individuals, whether by increasing the size of the Board, or otherwise and (y) to designate such additional individuals nominated by Varsity to fill such newly created vacancies or to fill any other existing vacancies. 

 

	 	(c)	 The Company shall pay all reasonable
out-of-pocket expenses incurred by any Nominee in connection with the performance of his or her duties as a Director and in connection with his or her attendance at any
meeting of the Board. 

  

	 	(d)	 For so long as Varsity and its Affiliates Beneficially Own shares of Common Stock representing at least 10% of
the total voting power of the Total Outstanding Securities, Varsity may also designate two non-voting observers to attend meetings of the Board and for so long as Varsity and its Affiliates Beneficially Own at
least 5% of the total voting power of the Total Outstanding Securities, Varsity may designate one non-voting observer to attend meetings of the Board. [Varsity initially designates [●] and [●] as
the non-voting observers]. Except to the extent that the Board reasonably determines in good faith that the receipt of such materials would prevent the Company from asserting attorney-client privilege, such non-voting observers shall receive at the same time and in the same manner as the Directors copies of all materials (including copies of meeting minutes) given to Directors in connection with any meetings of the
Board and if the Board proposes to act by written consent, the Board shall provide such non-voting observers at the same time and in the same manner with copies of all notices and materials given to any Director in connection with such action. The non-voting observers may be required by the Board to temporarily leave a meeting of the Board if the presence of the non-voting observers would prevent
the Company from asserting attorney-client privilege with respect to matters discussed before the Board at such time. 

  
 2 

	 	(e)	 “Beneficially Own” shall mean that a specified person has or shares the right, directly or
indirectly, through any contract, arrangement, understanding, relationship or otherwise, to vote shares of capital stock of the Company. “Affiliate” of any person shall mean any other person controlled by, controlling or under
common control with such person; where “control” (including, with its correlative meanings, “controlling,” “controlled by” and “under common control with”) means possession,
directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities, by contract or otherwise). 

 

	 	(f)	 “Director” means any member of the Board from time to time. 

 

	 	(g)	 “Total Number of Directors” means the total number of directors comprising the Board from time
to time. 

  

	 	(h)	 “Total Outstanding Securities” means, at any time, the total number of outstanding shares of
the Company’s Common Stock entitled to vote generally in the election of directors. 

  

	 	(i)	 No reduction in the number of shares of Common Stock that Varsity Beneficially Owns shall shorten the term of
any incumbent Director. At the Effective Date, the Board shall be comprised of nine members. 

  

	 	(j)	 In the event that any Nominee shall cease to serve for any reason, Varsity shall be entitled to designate such
person’s successor in accordance with this Agreement (regardless of Varsity’s Beneficial Ownership of Common Stock at the time of such vacancy) and the Board shall promptly fill the vacancy with such successor nominee; it being understood
that any such designee shall serve the remainder of the term of the Director whom such designee replaces. 

  

	 	(k)	 If a Nominee is not appointed or elected to the Board because of such person’s death, disability,
disqualification, withdrawal as a Nominee or for other reason is unavailable or unable to serve on the Board, Varsity shall be entitled to designate promptly another Nominee and the director position for which the original Nominee was nominated
shall not be filled pending such designation. 

  

	 	(l)	 So long as Varsity has the right to nominate at least one (1) Nominee under this
Section 1 or any such Nominee is serving on the Board, the Company shall maintain in effect at all times directors and officers indemnity insurance coverage reasonably satisfactory to Varsity, and the Company’s Amended
and Restated Certificate of Incorporation and Amended and Restated Bylaws (each as may be further amended, supplemented or waived in accordance with its terms) shall at all times provide for indemnification, exculpation and advancement of expenses
to the fullest extent permitted under applicable law. 

  
 3 

	 	(m)	 Except as provided for in Section 1(b) hereof, prior to the date that Varsity and its Affiliates cease to
Beneficially Own shares of Common Stock representing at least 40% of the total voting power of the Total Outstanding Securities, the Company shall not increase or decrease the number of Directors serving on the Board without the prior written
consent of Varsity. 

  

	 	(n)	 At such time as the Company ceases to be a “controlled company” and is required by applicable law or
The Nasdaq Global Select Market (the “Exchange”) listing standards to have a majority of the Board comprised of “independent directors” (subject in each case to any applicable
phase-in periods), the Nominees shall include a number of persons that qualify as “independent directors” under applicable law and the Exchange listing standards such that, together with any other
“independent directors” then serving on the Board that are not Nominees, the Board is comprised of a majority of “independent directors”; provided that at any time that Varsity shall have any nomination rights under this
Section 1, (i) Varsity shall be entitled to nominate at least one (1) Nominee who does not qualify as an “independent director” and (ii) the number of “independent directors” required to be
nominated by Varsity pursuant to this provision shall not be greater than the number of Nominees required to be “independent directors” pursuant to this provision to be nominated by Varsity with the right to nominate the same number of, or
more, Nominees as Varsity. 

  

	 	(o)	 At any time that Varsity shall have any nomination rights under this Section 1, the
Company shall not take any action, including making or recommending any amendment to the Company’s Amended and Restated Certificate of Incorporation or Amended and Restated Bylaws (each as may be further amended, supplemented or waived in
accordance with its terms) that could reasonably be expected to adversely affect Varsity’s rights under this Agreement, in each case without the prior written consent of Varsity. 

 

	 	(p)	 [Reserved]. 

  

	 	(q)	 The Company recognizes that Nominees (i) will from time to time receive
non-public information concerning the Company, and (ii) may share such information with other individuals associated with Varsity and its affiliated entities. The Company hereby irrevocably consents to
such sharing. Varsity agrees that it will keep confidential and not disclose or divulge to any third party any confidential information regarding the Company it receives from the Company or a Nominee, unless such information (x) is known or
becomes known to the public in general, (y) is or has been independently developed or conceived by Varsity without use of the Company’s confidential information or (z) is or has been made known or disclosed to Varsity by a third party
without a breach of any obligation of confidentiality such third party may have; provided, however, that Varsity may disclose confidential information (I) to its Affiliates (other than, in the case of TJC, portfolio companies),
(II) to each of its and its Affiliate’s (other than portfolio companies) attorneys, accountants, consultants, advisors and other professionals to the extent necessary to obtain their services in connection with

  
 4 

	 	
evaluating the information, or (III) as may be required by law or legal, judicial or regulatory process or requested by any regulatory or self-regulatory authority or examiner,
provided that Varsity takes reasonable steps to minimize the extent of any required disclosure described in this clause (III). 

2.    Company Obligations. The Company agrees that prior to the date that Varsity and its Affiliates cease to
Beneficially Own shares of Common Stock representing at least 10% of the total voting power of Total Outstanding Securities, (i) each Nominee is included in the Board’s slate of nominees to the stockholders (the “Board’s
Slate”) for each election of Directors; and (ii) each Nominee is included in the proxy statement prepared by management of the Company in connection with soliciting proxies for every meeting of the stockholders of the Company called
with respect to the election of members of the Board (each, a “Director Election Proxy Statement”), and at every adjournment or postponement thereof, and on every action or approval by written consent of the stockholders of the
Company or the Board with respect to the election of members of the Board. Varsity will promptly report to the Company after Varsity ceases to Beneficially Own shares of Common Stock representing at least 10% of the total voting power of the Total
Outstanding Securities, such that Company is informed of when this obligation terminates. The calculation of the number of Nominees that Varsity is entitled to nominate to the Board’s Slate for any election of Directors shall be based on the
percentage of the total voting power of the Total Outstanding Securities Beneficially Owned by Varsity immediately prior to the mailing to shareholders of the Director Election Proxy Statement relating to such election (or, if earlier, the filing of
the definitive Director Election Proxy Statement with the U.S. Securities and Exchange Commission). Unless Varsity notifies the Company otherwise prior to the mailing to shareholders of the Director Election Proxy Statement relating to an election
of Directors, the Nominees for such election shall be presumed to be the same Nominees currently serving on the Board, and no further action shall be required of Varsity for the Board to include such Nominees on the Board’s Slate;
provided that, in the event Varsity is no longer entitled to nominate the same number of Nominees then serving on the Board, Varsity shall provide advance written notice to the Company, of which currently servicing Nominee(s) shall be
excluded from the Board’s Slate, and of any other changes to the list of Nominees. If Varsity fails to provide such notice prior to the mailing to shareholders of the Director Election Proxy Statement relating to such election (or, if earlier,
the filing of the definitive Director Election Proxy Statement with the U.S. Securities and Exchange Commission), a majority of the independent directors then serving on the Board shall determine which of the Nominees of Varsity then serving on the
Board will be included in the Board’s Slate. Furthermore, the Company agrees for so long as the Company qualifies as a “controlled company” under the rules of the Exchange the Company will elect to be a “controlled company”
for purposes of the Exchange and will disclose in its annual meeting proxy statement that it is a “controlled company” and the basis for that determination. The Company and Varsity acknowledge and agree that, as of the Effective Date, the
Company is a “controlled company.” The Company agrees to provide written notice of the preparation of a Director Election Proxy Statement to Varsity at least 20 business days, but no more than 40 business days, prior to the earlier of the
mailing and the filing date of any Director Election Proxy Statement. 

  
 5 

 3.    Governance. 

 

	 	(a)	 Protective Provisions. Notwithstanding any other provision of this Agreement and to the fullest extent
permitted by applicable law, in addition to the approval of the Directors, the following actions described in this Section 3(a) (collectively, the “Consent Matters”) shall require the prior written consent
of Varsity as set out below: 

  

	 	i.	 none of the following actions shall be taken by the Company, including any proposal by the Board to be put to
the vote of the stockholders of the Company with respect thereto, without the prior written consent of Varsity until such time as Varsity and its Affiliates cease to Beneficially Own shares of Common Stock representing at least 50% of the total
voting power of the Total Outstanding Securities (except as set forth in the proviso in Section 3(a)(i)(I)): 

  

	 	I.	 amending, altering or changing, or waiving any rights under, this Agreement, the organizational documents,
including the Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws of the Company (which shall also be subject to Section 5 hereof), and/or the organizational documents of any subsidiary of the
Company; provided that, notwithstanding the foregoing, for so long as Varsity owns any outstanding Common Stock, any amendment, alteration, or change to, or waiver under, other organizational documents, including the Amended and Restated
Certificate of Incorporation or Amended and Restated Bylaws of the Company, that would adversely affect any rights specific to Varsity (subject to applicable law) require the written consent of Varsity; 

 

	 	II.	 authorizing or issuing any equity securities of the Company having rights, preferences or privileges that are
superior or senior to the outstanding Common Stock (or any securities convertible or exchangeable therefor pursuant to their terms); 

  

	 	III.	 any transaction with any stockholder or Affiliate of a stockholder or any Director or officer of the Company or
any of its subsidiaries (other than employment agreements with officers not otherwise affiliated with a stockholder); 

  

	 	IV.	 winding up the Company; 

 

	 	V.	 the declaration or payment of any dividend or other distribution to the stockholders by the Company or
redemption, repurchase or exchange (as applicable) of any equity securities of the Company; 

  

	 	VI.	 issuing or granting any equity securities of the Company or its subsidiaries, other than (A) grants under
the Company’s 2021 Omnibus Incentive Plan, or (B) in connection with transactions consistent with certain specified strategies; and 

  
 6 

	 	VII.	 engaging in any mergers, acquisitions, business combinations or similar transactions or entering into any
arrangements or agreements relating to joint ventures or strategic partnerships with a value of such transaction or arrangement exceeding $300.0 million; and 

 

	 	VIII.	 entry by the Company into any agreement with respect to the matters described in the foregoing clauses
(I) through (VIII) or taking any such action indirectly. 

 4.    Committees. From and
after the Effective Date hereof until such time as Varsity and its Affiliates cease to Beneficially Own shares of Common Stock representing at least 40% of the total voting power of the Total Outstanding Securities, Varsity shall have the right to
designate one member of each committee of the Board, provided that any such designee shall be a Director and shall be eligible to serve on the applicable committee under applicable law or listing standards of the Exchange, including any
applicable independence requirements (subject in each case to any applicable exceptions, including those for newly public companies and for “controlled companies,” and any applicable phase-in
periods). Any additional members shall be determined by the Board. Nominees designated to serve on a Board committee shall have the right to remain on such committee until the next election of Directors, regardless of the number of shares of Common
Stock Varsity Beneficially Owns following such designation. Unless Varsity notifies the Company otherwise prior to the time the Board takes action to change the composition of a Board committee, and to the extent Varsity Beneficially Owns the
requisite percentage of the total voting power of the Total Outstanding Securities for Varsity to nominate a Board committee member at the time the Board takes action to change the composition of any such Board committee, any Nominee currently
designated by Varsity to serve on a committee shall be presumed to be re-designated for such committee. 

5.    Amendment and Waiver. Any provision of this Agreement may be amended or waived if, but only if, such
amendment or waiver is in writing and is signed, in the case of an amendment, by the Company and Varsity, or in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by any party in exercising any right,
power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein
provided shall be cumulative and not exclusive of any rights or remedies provided by law. Varsity shall not be obligated to nominate all (or any) of the Nominees they are entitled to nominate pursuant to this Agreement for any election of Directors
but the failure to do so shall not constitute a waiver of their rights hereunder with respect to future elections; provided, however, that in the event Varsity fails to nominate all (or any) of the Nominees it is entitled to nominate
pursuant to this Agreement prior to the mailing to shareholders of the Director Election Proxy Statement relating to such election (or, if earlier, the filing of the definitive Director Election Proxy Statement with the U.S. Securities and Exchange
Commission), the Nominating & Governance Committee of the Board shall be entitled to 

  
 7 

 
nominate individuals in lieu of such Nominees for inclusion in the Board’s Slate and the applicable Director Election Proxy Statement with respect to the election for which such failure
occurred and Varsity shall be deemed to have waived its rights hereunder with respect to such election; provided, further, however, that any such waiver shall only be effective if the Company has provided written notice to
Varsity of such Director Election Proxy Statement no less than 20 business days, and no more than 40 business days, prior to the earlier of the mailing or filing date of such Director Election Proxy Statement. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by law. 
 6.    Benefit of Parties.
This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors and assigns. Notwithstanding the foregoing, the Company may not assign any of its rights or obligations hereunder
without the prior written consent of Varsity. Except as otherwise expressly provided in Section 7, nothing herein contained shall confer or is intended to confer on any third party or entity that is not a party to this
Agreement any rights under this Agreement. 
 7.    Assignment. Upon written notice to the Company, Varsity may
assign to any Affiliate (other than a portfolio company) all of its rights hereunder. 
 8.    Headings. Headings
are for ease of reference only and shall not form a part of this Agreement. 
 9.    Governing Law. This
Agreement shall be construed in accordance with and governed by the law of the State of Delaware without giving effect to the principles of conflicts of laws thereof. 

10.    Jurisdiction. Any suit, action or proceeding seeking to enforce any provision of, or based on any matter
arising out of or in connection with, this Agreement may be brought against any of the parties in any federal court located in the State of Delaware or any Delaware state court, and each of the parties hereby consents to the exclusive jurisdiction
of such court (and of the appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid therein. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether
within or without the jurisdiction of any such court. Without limiting the foregoing, each of the parties agrees that service of process upon such party at the address referred to in Section 17, together with written notice
of such service to such party, shall be deemed effective service of process upon such party. 
 11.    WAIVER OF JURY
TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT. 

12.    Entire Agreement. This Agreement constitutes the entire agreement among the parties with respect to the
subject matter hereof and supersedes all prior agreements, understandings and negotiations, both written and oral among the parties with respect to the subject matter hereof. 

  
 8 

 13.    Counterparts; Effectiveness. This Agreement may be signed
in any number of counterparts, each of which shall be deemed an original. This Agreement shall become effective when each party shall have received a counterpart hereof signed by each of the other parties. An executed copy or counterpart hereof
delivered by facsimile shall be deemed an original instrument. 
 14.    Severability. If any provision of this
Agreement or the application thereof to any person or circumstance shall be invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provisions to other persons or circumstances shall not be affected
thereby and shall be enforced to the greatest extent permitted by law. 
 15.    Further Assurances. Each of the
parties hereto shall execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purpose of this Agreement. 

16.    Specific Performance. Each of the parties hereto agree that irreparable damage would occur if any provision
of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the performance of the terms and
provisions hereof in any federal or state court located in the State of Delaware, in addition to any other remedy to which they are entitled at law or in equity. 

17.    Notices. All notices, requests and other communications to any party or to the Company shall be in writing
(including telecopy or similar writing) and shall be given, 
 If to the Company: 

c/o The Jordan Company 

Specialty Building Products, Inc. 

2160 Satellite Boulevard, Suite 450 

Duluth, Georgia 30097 

Attention:    Chief Financial Officer 

email: RonnieStroud@uslumber.com 

With a copy to (which shall not constitute notice): 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Attention:        Joshua N. Korff 

           Aaron M. Schleicher 

email:    joshua.korff@kirkland.com 

  aaron.schleicher@kirkland.com

  
 9 

 If to Varsity or any of its Nominees: 

399 Park Avenue, 30th Floor 
 New
York, NY 10022 
 Attention: Michael Denvir 

     Barry Gallup, Jr. 

Email:     bgallup@thejordancompany.com 

  mdenvir@thejordancompany.com 

With a copy to (which shall not constitute notice): 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Attention:        Joshua N. Korff 

           Aaron M. Schleicher 

email:    joshua.korff@kirkland.com 

  aaron.schleicher@kirkland.com

or to such other address or telecopier number as such party or the Company may hereafter specify for the purpose by notice to the other parties and the
Company. Each such notice, request or other communication shall be effective when delivered at the address specified in this Section 17 during regular business hours. 

18.    Enforcement. Each of the parties hereto covenants and agrees that the disinterested members of the Board
have the right to enforce, waive or take any other action with respect to this Agreement on behalf of the Company. 

*    *    *    *    * 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above
written. 
  

			
	SPECIALTY BUILDING PRODUCTS, INC.
		
	By:	 	
                    

 
			
	Name:	 	
	Title:	 	

  
 [Signature Page
to Director Nomination Agreement] 

 
			
	SBP VARSITY HOLDINGS, LP
	
	By: Resolute Fund Partners V GP, LLC, its general partner
		
	By:	 	
                    

 
			
	Name:	 	
	Title:	 	

  
 [Signature Page
to Director Nomination Agreement]

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