Document:

Services Agreement

 EXECUTION COPY 
  
 Exhibit 10.2 
  

  
 CONFIDENTIAL
TREATMENT REQUESTED 
  
 PLACES WHERE INFORMATION HAS
BEEN REDACTED HAVE BEEN 
  
 MARKED WITH (*******)

 SERVICES AGREEMENT 
  
 BY AND AMONG 
  
 SBC COMMUNICATIONS INC. 
  
 AT&T CORP. 
  
 and

  
 TIME WARNER TELECOM HOLDINGS INC. 
  

  
 June 1, 2005 
  
 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC,
AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and TWTC.

  
 TABLE OF CONTENTS 

 

					
	 Article I
	  	 DEFINITIONS
	  	4
			
	 Article II
	  	 EFFECTIVE DATE AND TERM
	  	6
			
	 2.1
	  	 Effective Date and Term
	  	6
			
	 Article III
	  	 AT&T/TWTC Agreement
	  	6
			
	 3.1
	  	 Amendments
	  	6
			
	 3.2
	  	 SBC and Cingular Purchases
	  	8
			
	 Article IV
	  	 FACILITIES INFORMATION, JOINT PLANNING DISCUSSIONS AND USE OF FACILITIES
	  	9
			
	 4.1
	  	 Facilities Information
	  	9
			
	 4.2
	  	 Joint Planning Discussions
	  	9
			
	 4.3
	  	 Use of Facilities
	  	9
			
	 Article V
	  	 PRESS RELEASE
	  	10
			
	 5.1
	  	 Press Release
	  	10
			
	 Article VI
	  	 TERMINATION
	  	10
			
	 6.1
	  	 Termination by Mutual Consent
	  	10
			
	 6.2
	  	 Termination by Either Party
	  	10
			
	 6.3
	  	 Termination of Merger Agreement
	  	11
			
	 6.4
	  	 Change in Control Event
	  	11
			
	 6.5
	  	 Termination of AT&T/TWTC Agreement
	  	11
			
	 Article VII
	  	 REPRESENTATIONS AND WARRANTIES
	  	11
			
	 7.1
	  	 Standing and Authority
	  	11
			
	 Article VIII
	  	 GENERAL
	  	12
			
	 8.1
	  	 Amendment
	  	12
			
	 8.2
	  	 Assignment
	  	12
			
	 8.3
	  	 Notices
	  	12
			
	 8.4
	  	 Costs, Expenses and Attorneys’ Fees
	  	13

  
 Restricted
Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC

 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and TWTC. 

					
	 8.5
	  	 Dispute Resolution
	  	13
			
	 8.6
	  	 Entire Agreement; Further Agreements
	  	14
			
	 8.7
	  	 Execution
	  	14
			
	 8.8
	  	 Consent or Agreement
	  	14
			
	 8.9
	  	 Governing Law
	  	14
			
	 8.10
	  	 No Waiver
	  	14
			
	 8.11
	  	 Nonexclusive Dealings
	  	14
			
	 8.12
	  	 Rules of Construction
	  	14
			
	 8.13
	  	 Severability
	  	15
			
	 8.14
	  	 Third Party Beneficiaries; Disclaimer of Agency
	  	15

  
 Schedules 
  

			
	Schedule 1	  	Change of Control Acquirors

  
 Exhibits 
  

			
	Exhibit A	  	Form of Press Release
	Exhibit B	  	SBC Affiliates

  
 [remainder of page
intentionally left blank] 
  
 Restricted Proprietary Information

 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and TWTC. 
  

 2 

 SERVICES AGREEMENT 
  
 This Services Agreement (this “Agreement”), dated as of June 1, 2005, and effective pursuant to
Section 2.1 hereof, is made by and among SBC Communications Inc. a holding company formed under the laws of the State of Delaware (acting on behalf of its operating Affiliates, “SBC”), AT&T Corp., a New York corporation
(including its Affiliates, “AT&T”), and Time Warner Telecom Holdings Inc., a Delaware corporation (including its Affiliates, “TWTC”). SBC, AT&T and TWTC may be individually referred to as a
“Party” and collectively referred to as the “Parties.” 
  
 WITNESSETH 
  
 WHEREAS, SBC, AT&T and Merger Sub (as defined in the Merger Agreement) have previously entered into that certain Agreement and Plan of Merger, dated as of January 30, 2005 (the “Merger Agreement”),
pursuant to which Merger Sub will be merged with and into AT&T at the Effective Time; and 
  
 WHEREAS, AT&T and TWTC have previously entered into that certain Agreement between Time Warner Telecom and AT&T Corp., dated as of January 1, 2001, and as amended by that First Amendment to the
Agreement, effective April 9, 2002, by that Second Amendment to the Agreement, effective January 1, 2003, by that Third Amendment to the Agreement, effective March 1, 2003, by that Fourth Amendment to the Agreement, effective March 19, 2003, by that
Fifth Amendment to the Agreement, effective July 1, 2003, by that Sixth Amendment to the Agreement, effective January 1, 2004 (the “Sixth Amendment”), by that Seventh Amendment to the Agreement, effective August 1, 2004, by
that Eighth Amendment to the Agreement, effective December 1, 2004, and by that Ninth Amendment, effective February 1, 2005 (the “Ninth Amendment,” and collectively, the “AT&T/TWTC Agreement”),
pursuant to which TWTC agreed to provide to AT&T the Services described therein and pursuant to the terms thereof; and 
  
 WHEREAS, the AT&T/TWTC Agreement further requires that AT&T commit to pay TWTC the Total Cumulative Revenue Commitment, as described
therein; and 
  
 WHEREAS, SBC Telecom, Inc., an Affiliate
of SBC, (“SBCT”) and TWTC have previously entered into that certain Agreement, dated as of December 22, 2003, pursuant to which TWTC agreed to provide certain services to SBCT (together with any agreements for the provision
by TWTC to SBCT of similar services, the “SBCT/TWTC Agreements”); and 
  
 WHEREAS, TWTC acknowledges that it is a strong competitor of, and supplier to, each of SBC and AT&T and, after the Effective Time, will remain a strong competitor of, and supplier to, the Combined Business;
and 
  
 WHEREAS, each of SBC and AT&T acknowledges that
TWTC is a strong competitor of, and supplier to, each of SBC and AT&T and, after the Effective Time, will remain a strong competitor of, and supplier to, the Combined Business; and 
  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 3 

 WHEREAS, each of the Parties agrees that it is in their respective best interests to promote
vigorous competition in the telecommunications industry among product and service providers and, pursuant to that end, for TWTC to remain a supplier of goods and services to industry participants; 
  
 WHEREAS, in order to further promote such competition, the Parties
desire, among other things, to (i) extend the term and otherwise modify the AT&T/TWTC Agreement and (ii) include all revenue generated by the purchase of Eligible Services by SBC and certain revenue generated by the purchase of Eligible Services
by Cingular in AT&T’s revenue commitments pursuant to the AT&T/TWTC Agreement; 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 The following definitions shall apply whenever the words appearing in bold
are used in the Agreement: 
  
 “Affiliate” shall have the
meaning ascribed to such term in Section 18.A.ii of the AT&T/TWTC Agreement. A list of current SBC Affiliates is set forth in Exhibit B attached hereto and incorporated by reference. Upon request, SBC shall provide reasonable notice to TWTC of
each entity that becomes an “Affiliate” of SBC (other than AT&T and its Affiliates immediately prior to the Merger) subsequent to the execution of this Agreement. For purposes of this Agreement, Cingular, as defined below, will not be
deemed to be an Affiliate of the Combined Business. 
  
 “Agreement” shall have the meaning ascribed to such term in the preamble to this Agreement. 
  
 “Annual Revenue Commitment” shall have the meaning ascribed to such term in the AT&T/TWTC Agreement. 
  
 “AT&T” shall have the meaning ascribed to such term in the
preamble to this Agreement. 
  
 “AT&T/TWTC Agreement”
shall have the meaning ascribed to such term in the recitals to this Agreement. 
  
 “Change in Control” shall mean in or as a result of a transaction described below with one of the companies set forth in Schedule I attached hereto, including any Affiliate thereof, and such companies’
successors (“TWTC Acquirors”): 
  
 (i) the consummation of
the merger or consolidation of TWTC, directly or indirectly, with or into a TWTC Acquiror (except a merger or consolidation in which the holders of voting power of the TWTC immediately prior to such merger or consolidation continue to hold at least
50% of the voting power of 

  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 4 

 
TWTC or the surviving or acquiring entity), (ii) the closing of the transfer (whether by merger or consolidation or otherwise), in one transaction or a
series of related transactions, to a TWTC Acquiror, of TWTC’s securities if, after such closing, the TWTC Acquiror, directly or indirectly, would hold 50% or more of the outstanding voting power of TWTC or (iii) a sale of all or substantially
all of the assets of TWTC. 
  
 “Cingular” means Cingular
Wireless LLC, a Delaware limited liability company, and its Affiliates. For purposes of this Agreement, SBC, AT&T and the Combined Business will not be deemed to be Affiliates of Cingular. 
  
 “Combined Business” means the combined business of SBC and AT&T
upon the effectiveness of the Merger. For the avoidance of doubt, the Parties acknowledge and agree that “Combined Business” shall not include Cingular. 
  
 “Control” means the possession, direct or indirect, of the power to direct or cause the direction of management and
policies of a person or entity, whether through the ownership of voting securities, by contract, or otherwise. 
  
 “Effective Time” shall mean the date on which the New York Certificate of Merger has been filed by the Department of State of the State of New York or at such later time as may be agreed by the
parties to the Merger Agreement in writing and specified in the New York Certificate of Merger. 
  
 “Eligible Services” shall have the meaning ascribed to such term in Section 30.B of the AT&T/TWTC Agreement. 
  
 “Merger” shall mean the merger of Tau Merger Sub Corporation, a New York corporation and a wholly-owned subsidiary
of SBC Communications, Inc., with and into AT&T Corp. 
  
 “Merger
Agreement” shall have the meaning ascribed to such term in the recitals to this Agreement. 
  
 “New York Certificate of Merger” shall mean that Certificate of Merger to be executed, acknowledged and delivered to the Department of State of the State of New York as provided in Section 904
of the New York Business Corporation Law, as amended. 
  
 “Ninth
Amendment” shall have the meaning ascribed to such term in the recitals to this Agreement. 
  
 “Party” and “Parties” shall have the meanings ascribed to such terms in the preamble to this Agreement. 
  
 “SBC” shall have the meaning ascribed to such term in the preamble to this Agreement. 
  
 “SBCT” shall have the meaning ascribed to such term in the recitals
to this Agreement. 
  
 “SBC/TWTC Agreement” shall have the
meaning ascribed to such term in the recitals to this Agreement. 
  
 “Securities Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 5 

 “Services” shall have the meaning ascribed to such term in the AT&T/TWTC Agreement.

  
 “Sixth Amendment” shall have the meaning ascribed to
such term in the recitals to this Agreement. 
  
 “Total Cumulative
Revenue Commitment” shall have the meaning ascribed to such term in the AT&T/TWTC Agreement. 
  
 “TWTC” shall have the meaning ascribed to such term in the preamble to this Agreement. 
  
 ARTICLE II 
  
 EFFECTIVE DATE AND TERM 
  

	2.1	Effective Date and Term. 

  
 This Agreement shall become effective as of the Effective Time. Notwithstanding the foregoing and for the avoidance of doubt, in no event shall this Agreement become
effective unless and until the Merger shall become effective. TWTC has no pending filings and will submit no new filings with respect to the Merger review, however, nothing in this section will be construed to mean that TWTC will not comply with any
government or state agency requests for information as such requests relate to the Merger review or continue its normal course regulatory activity as necessary. This Agreement will terminate pursuant to ARTICLE VI. 
  
 ARTICLE III 
  
 AT&T/TWTC AGREEMENT 
  

	3.1	Amendments. 

  
 Subject to Section 8.6 of this Agreement, the AT&T/TWTC Agreement is hereby amended as follows: 
  

	 	3.1.1	Extension of Term. Section 2.A of the AT&T/TWTC Agreement, as specifically amended pursuant to the Sixth Amendment, is hereby deleted and replaced with the following
Section 2.A: 

  
 2.A This Agreement will be
effective as of the Effective Date (i.e. January 1, 2001), and will remain in effect for a term of ten (10) years from the Effective Date (“Term”), unless terminated at an earlier date or unless renewed or extended, as provided in
this Agreement. 
  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 6 

	 	3.1.2	Revenue Commitment. 

  

	 	3.1.2.1	Section 30.A.iii of the AT&T/TWTC Agreement, as specifically amended pursuant to the Sixth Amendment, is hereby amended by adding the following language to the end of Section
30.A.iii: 

  
 Notwithstanding the foregoing, Term
years 9 and 10 shall be treated as a single Term year ending December 31, 2010 (the “Extension Period”) (or such later date as is required pursuant to the provisions of this Section 30.A.iii below), and any Annual Deficiency
for the Extension Period shall only become payable in immediately available funds within thirty (30) days from the date of delivery of the notice of non-compliance for the Extension Period, which shall occur no earlier than the last business day of
the calendar month following the month in which the Extension Period ends. Consistent with Section 30.A.iii of the AT&T/TWTC Agreement, no amounts paid during the Extension Period in respect of any Annual Deficiency for any Term year prior to
the Extension Period will apply toward the satisfaction of the Annual Revenue Commitment for the Extension Period. 
  
 *******. 
  

	 	3.1.2.2	Table 1.A entitled “Annual Revenue Commitments and Total Cumulative Revenue Commitment” is hereby deleted and replaced with the following Table 1.A:

  
 Table 1.A 
 Annual Revenue Commitments and Total Cumulative Revenue Commitment 
  

											
	 Term Year(s)

	  	 1/1/05 to 12/31/05
 (Year 5)

	  	 1/1/06 to 12/31/06
 (Year 6)

	  	 1/1/07 to 12/31/07
 (Year 7)

	  	 1/1/08 to 12/31/08
 (Year 8)

	  	 1/1/09 to 12/31/10
 (Years 9-10
(Extension
Period))

	 Annual Revenue Commitments
	  	*******	  	*******	  	*******	  	*******	  	*******
	 Total Cumulative Revenue Commitment
	  	 *******
 (See also the Ninth Amendment and Section 29.C of the Sixth Amendment)
	  	 *******
 (See also Section 29.C of the Sixth Amendment)
	  	 *******
 (See also Section 29.C of the Sixth Amendment)
	  	 *******
 (See also Section 29.C of the Sixth Amendment)
	  	*******

  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 7 

	 	3.1.3	Pricing Principles Applicable During Extension Period. 

  

	 	3.1.3.1	Section D.2.A of the AT&T/TWTC Agreement, as specifically amended pursuant to the Sixth Amendment, is hereby amended, effective on the first day of the Extension Period by
adding the following language as an additional paragraph at the end of Section D.2.A: 

  
 *******. 
  
 Section D.3.A of the AT&T/TWTC Agreement, as specifically amended pursuant to the Sixth Amendment, is hereby amended, effective on the first day of
the Extension Period, to reinstate language that was deleted pursuant to the Sixth Amendment by deleting the existing language (Intentionally deleted) in its entirety and replacing it with the following Section D.3.A: 
  
 *******. 
  

	3.2	SBC and Cingular Purchases. 

  

	 	3.2.1	Any purchase of Services from TWTC by SBC and/or any SBC Affiliate (without regard to geographic location), whether pursuant to the SBC/TWTC Agreements or otherwise, that would
constitute purchases of Eligible Services under the AT&T/TWTC Agreement, shall be applied to AT&T’s Annual Revenue Commitments for the applicable year, to AT&T’s Total Cumulative Revenue Commitment and to any other applicable
revenue commitments of AT&T pursuant to the AT&T/TWTC Agreement. For the avoidance of doubt, for all purchases by SBC from TWTC made after the date of execution of this Agreement that would constitute purchases of Eligible Services, SBC
shall, at SBC’s option, receive the benefit of all applicable terms and conditions of the AT&T/TWTC Agreement, including terms relating to pricing of equivalent Services. 

  

	 	3.2.2	Notwithstanding Section 3.2.1 above, the following purchases and payments shall not be considered Eligible Services and shall not be applied to AT&T’s Annual Revenue
Commitments for the applicable year, to AT&T’s Total Cumulative Revenue Commitment or to any other applicable revenue commitments of AT&T pursuant to the AT&T/TWTC Agreement: 

  

	 	3.2.2.1	Any reciprocal compensation payments or equivalent established by the FCC and state regulatory agencies in conjunction with the pending inter-carrier compensation reform and IP
enabled service dockets, made by SBC, SBC Affiliates, Combined Business or Affiliates of Combined Business (excluding AT&T and its Affiliates immediately prior to the Merger) to TWTC as compensation for the transport and termination of local
traffic, as described in Section 251(b)(5) of the Telecommunications Act of 1996 and ISP-bound traffic; and 

  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 8 

	 	3.2.2.2	. ******** 

  

	 	3.2.3	Any Services purchased by Cingular (without regard to geographic location) that would constitute purchases of Eligible Services under the AT&T/TWTC Agreement and that are in
excess of ******* million in any calendar year after the Effective Time shall be applied to AT&T’s Annual Revenue Commitments for the applicable year, to AT&T’s Total Cumulative Revenue Commitment and to any other applicable
revenue commitments of AT&T pursuant to the AT&T/TWTC Agreement. For the avoidance of doubt, Cingular shall, at Cingular’s option, receive the benefit of all applicable terms and conditions of the AT&T/TWTC Agreement for all
purchases that would constitute purchases of Eligible Services from TWTC made after the date of execution of this Agreement, including terms relating to pricing of equivalent Services. 

  
 ARTICLE IV 
  
 FACILITIES INFORMATION, JOINT PLANNING DISCUSSIONS 
 AND USE OF FACILITIES 
  

	4.1	Facilities Information 

  
 During the term of the AT&T/TWTC Agreement, TWTC shall use commercially reasonable efforts to provide all necessary facilities information in a form
mutually agreed to by Combined Business and TWTC, including all appropriate and timely updates of the same. Combined Business shall, subject to the provisions set forth in this Agreement, use commercially reasonable efforts to maintain the
facilities information in the Combined Business’ relevant database(s) so as to promote the utilization of Services by the Combined Business. 
  

	4.2	Joint Planning Discussions. 

  
 During the term of the AT&T/TWTC Agreement, the Combined Business agrees to meet with TWTC not less than annually at times and places to be agreed
upon by TWTC and the Combined Business to discuss geographic areas of mutual interest for the purpose of determining whether it is in the mutual best interest of the Parties for the Combined Business to utilize Services in new geographical markets
not currently served by TWTC or to utilize new services not currently offered by TWTC, as well as other possible business arrangements. Any such determination shall be subject to agreement at such time. 
  

	4.3	Use of Facilities. 

  
 Nothing in this Agreement shall be construed to prohibit (i) any Party from using its own facilities or services or (ii) the Combined Business from using
the facilities or services of any third party. 
  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 9 

 ARTICLE V 
  

PRESS RELEASE 
  

	5.1	Press Release. 

  
 The Parties agree to issue the press release attached hereto as Exhibit A, at such time and in such manner as the Parties mutually determine, but
in any event no later than Friday, June 3, 2005, unless otherwise agreed by the Parties. Any other public announcement or similar publicity with respect to the Agreement, and any statements (written or oral), submissions, filings, etc., by the
Combined Business or TWTC regarding this Agreement will be issued, if at all, at such time and in such manner as the Parties mutually determine. The Parties acknowledge that TWTC expects to file a current report on Form 8-K or any Securities
Exchange Commission (“SEC”) required filing regarding this Agreement; and that the filing of the 8-K or any other reference to this Agreement in an SEC filing will not be deemed to be a breach of any confidentiality agreement executed by
and among the Parties. TWTC will file the 8-K within 4 business days of the execution of this Agreement. 
  
 ARTICLE VI 
  
 TERMINATION 
  
 For avoidance of doubt, termination by either
Party pursuant to this Article VI or any Article contained herein will not be deemed to be a termination of the AT&T/TWTC Agreement. In such event, the provisions of the AT&T/TWTC Agreement without giving effect to the amendments contained
in this Agreement will continue to apply. 
  

	6.1	Termination by Mutual Consent. 

  
 This Agreement may be terminated, without penalty or termination charges, by the mutual written consent of all Parties hereto. 
  

	6.2	Termination by Either Party. 

  
 Any Party may, but shall not be obligated to, terminate this Agreement, without penalty or termination charges: 
  

	 	6.2.1	for a material breach by any other Party of its representations, warranties, covenants, obligations or other agreements contained in this Agreement, after the complaining
non-defaulting Party provides sixty (60) days written notice and if the defaulting Party fails to cure to the reasonable satisfaction of the complaining non-defaulting Party within such sixty (60) day notice period; 

  

	 	6.2.2	without prior notice in the event that any Party other than the terminating Party: 

  

	 	6.2.2.1	ceases to do business as a going concern; 

  

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 TWTC. 
  
 10 

	 	6.2.2.2	is unable or admits in writing its inability to pay its debts as they become due; 

  

	 	6.2.2.3	commences or authorizes a voluntary case or other proceeding seeking liquidation, reorganization, suspension of payments or other relief with respect to itself or its debts under
any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or consents to any such
relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or makes a general assignment for the benefit of creditors, or fails to pay a substantial portion of its debts
as they become due, or takes any corporate action to authorize any of the foregoing, is insolvent, bankrupt or the subject of a receivership; or 

  

	 	6.2.2.4	has any substantial part of its property subjected to any levy, seizure, assignment or sale for or by any creditor or governmental agency without such levy, seizure, assignment or
sale being released, lifted, reversed, or satisfied within ten (10) days. 

  

	6.3	Termination of Merger Agreement. 

  
 This Agreement shall terminate, without penalty or termination charges, upon the termination of the Merger Agreement pursuant to its terms prior to the
Effective Time. 
  

	6.4	Change in Control Event. 

  
 ******* 
  

	6.5	Termination of the AT&T/TWTC Agreement. 

  
 This Agreement shall terminate upon the termination of the AT&T/TWTC Agreement as amended by Article III of this Agreement in accordance with its
terms, without penalty or termination charges beyond those contemplated by the terms of the AT&T/TWTC Agreement 
  
 ARTICLE VII 
  
 REPRESENTATIONS AND WARRANTIES 
  

	7.1	Standing and Authority. 

  
 Each Party represents and warrants to the other Parties that it has all requisite corporate power and authority to enter into this Agreement and to
consummate the transactions contemplated herein, that all corporate acts and other proceedings required to be taken to authorize the execution, delivery and performance hereof and the consummation of the transactions contemplated herein have been
duly and properly taken, and that this Agreement has been duly 

  

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 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 11 

 
executed and delivered by it and constitutes the legal, valid and binding obligation of such Party, enforceable against it in accordance with its terms.

  
 ARTICLE VIII 
  
 GENERAL 
  

	8.1	Amendment. 

  
 No amendment of this Agreement shall be valid or binding on the Parties unless such amendment shall be in writing and duly executed by an authorized
representative of each Party. 
  

	8.2	Assignment. 

  
 Subject to Section 8.6, no Party may assign or delegate any of its rights or obligations under this Agreement, except to an Affiliate, without the consent
of the other Parties, such consent not to be unreasonably withheld or delayed. 
  

	8.3	Notices. 

  
 Any notice, request, instruction or other document to be given hereunder by any Party to any other Party under any section of this Agreement shall be in
writing and shall be deemed given upon receipt if delivered personally or by telex or facsimile, the next day if by express mail or overnight courier service or three days after being sent by registered or certified mail, return receipt requested,
postage prepaid to the following addresses (or at such other address for a Party as shall be specified by like notice provided that such notice shall be effective only after receipt thereof): 
  

					
	If to SBC:	  	SBC Operations, Inc.
	 	  	530 McCullough
	 	  	San Antonio, TX 78215
	 	  	Attn: Timothy Harden, President, EBS Data and Network Services
	 	  	Fax:	  	210.246.8705
	 	  	Telephone:	  	210.246.8700
		
	with a copy (which shall not constitute notice) to:	  	 SBC Operations, Inc.
 175 E.
Houston
 San Antonio, TX 78205
 Attn: Wayne Watts, Senior Vice
President & Associate General Counsel

	 	  	Fax:	  	210.351.3476
	 	  	Telephone:	  	210.351.3257

  

 Restricted Proprietary Information 
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 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 12 

					
		
	If to AT&T:	 	AT&T Corp.
	 	 	Room 2A109
	 	 	One AT&T Way
	 	 	Bedminster, New Jersey 07921
	 	 	Attn: Robert P. Handal, Jr., Division Manager, CLEC Business Development and Management
	 	 	Fax:	  	908.234.8835
	 	 	Telephone:	  	908.234.4138
		
	with a copy (which shall not constitute notice) to:	 	AT&T Law Division
	 	Room 3A121
	 	One AT&T Way
	 	Bedminster, New Jersey 07921
	 	 	Attn: Thomas G. Dagger, Network, Access and Local Services Law Vice President
	 	 	Fax:	  	281.664.9783
	 	 	Telephone:	  	908.532.1866
		
	If to TWTC:	 	Time Warner Telecom Holdings Inc.
	 	 	10475 Park Meadows Drive
	 	 	Littleton, Colorado 80124
	 	 	Attn: Troy Knuckles, Vice President National Sales
	 	 	Fax:	  	303.566.1011
	 	 	Telephone:	  	303.566.1323
		
	with a copy (which shall not constitute notice) to:	 	Time Warner Telecom, Inc.
	 	10475 Park Meadows Drive
	 	Littleton, Colorado 80124
	 	Attn: Tina Davis, Vice President & Deputy General Counsel
	 	 	Fax:	  	303.566.1010
	 	 	Telephone:	  	303.566.1279

  

	8.4	Costs, Expenses and Attorneys’ Fees. 

  
 Except as otherwise specifically agreed in writing, each Party shall be responsible for its own expenses arising under this Agreement, including the
preparation of this Agreement. 
  

	8.5	Dispute Resolution. 

  
 All disputes and disagreements between the Parties that cannot be resolved by mutual agreement regarding or relating to this Agreement (including, but not
limited to, the interpretation or construction of this Agreement, performance and implementation concerns, and any potential claims, causes of action, lawsuits, arbitration or related disputes) shall be resolved (i) prior to the 

  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 13 

 
Effective Time, in accordance with Section 31 of the AT&T/TWTC Agreement; provided, however, that SBC shall have the right to appoint one member
to the Inter-Company Review Board and shall otherwise be considered a “Party” for the purposes of such Section 31 and (ii) after the Effective Time, in accordance with Section 31 of the AT&T/TWTC Agreement. 
  

	8.6	Entire Agreement; Further Agreements. 

  
 This Agreement constitutes the entire agreement and understanding of the Parties hereto with respect to the subject matter contained therein. All other
terms and conditions in the AT&T/TWTC Agreement, shall remain in full force and effect and be binding upon the appropriate Parties. In the event there are any conflicts or inconsistencies between this Agreement and the AT&T/TWTC Agreement
with regard to the subject matter hereof, the terms of this Agreement shall control. 
  

	8.7	Execution. 

  
 This Agreement may be executed in counterparts each of which copies shall be deemed an original. 
  

	8.8	Consent or Agreement. 

  
 In each case in which a Party’s consent approval or agreement is required or requested hereunder, such Party shall not unreasonably withhold or delay
such consent or agreement. 
  

	8.9	Governing Law. 

  
 This Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to choice of law provisions.

  

	8.10	No Waiver. 

  
 The failure of any Party to insist upon or enforce strict performance by any other Party of any provision of this Agreement or to exercise any right under
this Agreement shall not be construed as a waiver or relinquishment to any extent of such Party’s right to assert or rely upon any such provision or right in that or any other instance; rather, the same shall be and remain in full force and
effect. 
  

	8.11	Nonexclusive Dealings. 

  
 This Agreement does not prevent either Party from providing or purchasing services to or from any other person. 
  

	8.12	Rules of Construction. 

  
 For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, (a) words used in this Agreement,
regardless of the gender and number 

  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 14 

 
specifically used, shall be deemed and construed to include any other gender and any other number as the context requires and (b) the descriptive headings in
this Agreement are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. 
  

	8.13	Severability. 

  
 In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect
by a court or other authority of competent jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision hereof and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had
never been contained herein and, in lieu of each such illegal, invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid or unenforceable provision as
may be possible and be legal, valid and enforceable, it being the intent of the Parties to maintain the benefit of the bargain for all Parties. 
  

	8.14	Third Party Beneficiaries; Disclaimer of Agency. 

  
 This Agreement is for the sole benefit of the Parties and their permitted assigns and nothing herein expressed or implied shall create or be construed to
create any third-party beneficiary rights hereunder, other than to permitted assigns. Except for provisions herein expressly authorizing a Party to act for another, nothing in this Agreement shall constitute a Party as a legal representative or
agent of another Party, nor shall a Party have the right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name or on behalf of another Party unless otherwise expressly
permitted by such other Party. Except as otherwise expressly provided in this Agreement, no Party undertakes to perform any obligation of another Party, whether regulatory or contractual, or to assume any responsibility for the management of such
other Party’s business. Nothing contained in this Agreement shall be deemed or construed by the Parties or any third party to create the relationship of principal and agent or of partnerships or joint venture. 
  
 [signatures follow on next page] 
  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC. 
  
 15 

 IN WITNESS WHEREOF, the Parties have caused this Services Agreement to be executed by their respective authorized
representatives as of the date first written above. 
  

									
	SBC COMMUNICATIONS INC.	 	 	 	TIME WARNER TELECOM HOLDINGS INC.
					
	 By:
	 	 /s/ James S. Kahan
	 	 	 	 By:
	 	 /s/ Paul B. Jones

	 Name:
	 	 James S. Kahan
	 	 	 	 Name:
	 	 Paul B. Jones

	 Title:
	 	Sr. Executive Vice President-Corporate Development	 	 	 	 Title:
	 	Senior Vice President, General Counsel and Regulatory Policy

  

			
	AT&T CORP.
		
	By:	 	 /s/ Regina M. Egea

	Name:	 	 Regina M. Egea

	Title:	 	Vice President, Global Access Strategy and Bandwidth Development Product Management

  

 Restricted Proprietary Information 
 For use and disclosure only to authorized employees, agents or contractors of SBC, AT&T, TWTC 
 and their respective affiliates. Copies may not be made without the express consent of SBC, AT&T and 
 TWTC.Second Amendment to the Credit Agreement dated August 5, 2005

 Exhibit 4.8 
  
 SECOND AMENDMENT 
 to 
 CREDIT AGREEMENT 
  
 This SECOND AMENDMENT to CREDIT AGREEMENT (this “Amendment”) is entered into as of August 5, 2005 but effective as of July 30, 2005, by and
among Huttig Building Products, Inc., a Delaware corporation (the “Company”), LaSalle Bank National Association (“LaSalle”), as Administrative Agent, and LaSalle and the other lenders listed on the signature page hereto (the
“Lenders”). 
  
 Recitals: 
  

	A.	The Company, Administrative Agent and the Lenders are parties to that certain Credit Agreement dated as of September 24, 2004, as amended by that certain First Amendment to Credit
Agreement dated as of December 3, 2004 (as amended, the “Loan Agreement”). 

  

	B.	The Company, Administrative Agent, and the Required Lenders have agreed to amend the Loan Agreement on the terms and conditions contained herein. 

  
 Amendment 
  
 Therefore, in consideration of the mutual agreements herein and other
sufficient consideration, the receipt of which is hereby acknowledged, the Company, Administrative Agent and the Required Lenders hereby agree as follows: 
  
 1. Definitions. All references to the “Agreement” or the “Loan Agreement” in the Loan Agreement and in this Amendment shall be deemed to be
references to the Loan Agreement as it is amended hereby and as it may be further amended, restated, extended, renewed, replaced, or otherwise modified from time to time. Capitalized terms used and not otherwise defined herein have the meanings
given them in the Loan Agreement. 
  
 2. Conditions to Effectiveness of
Amendment. This Amendment shall become effective as of July 30, 2005, or such other date as expressly set forth herein and subject to any other conditions as expressly set forth herein, but only if this Amendment has been executed by the
Company, Administrative Agent and the Required Lenders, and only if all of the documents listed on Exhibit A to this Amendment have been delivered and, as applicable, executed, sealed, attested, acknowledged, certified, or authenticated, each in
form and substance reasonably satisfactory to Administrative Agent and the Required Lenders, and the Second Amendment Fee (as defined on Exhibit A) has been paid in same day funds. The Second Amendment Fee shall be paid solely to, and shared solely
by, each of the Required Lenders who has executed this Amendment and delivered its signature to Administrative Agent on or before the date first written above, with the pro-rata shares of the Lenders being readjusted to take into account any Lender
not executing this Amendment. 
  
 3. Waiver of Defaults; No Other Waiver.

  
 3.1. Borrower has notified Administrative Agent
that Borrower has violated Section 11.11.1. (Minimum Fixed Charge Coverage Ratio) for the Computation Period ending June 30, 2005, which constitutes an Event of Default under Section 13.1.5 (the “Subject Financial Covenant Default”). The
Borrower has requested that the Required Lenders waive the Subject Financial Covenant Default. 

 3.2. Borrower has notified Administrative Agent that Borrower has entered into arrangements with
Oracle Credit Corporation and CSC Consulting Services, whereby Borrower has, in the ordinary course of business, purchased certain software and other services from Oracle Credit Corporation and CSC Consulting Services (the “Transactions”).
The cost of such software and services are being paid over a period of time. Borrower has notified Administrative Agent that the Transactions violate Section 11.1 which constitutes an Event of Default under Section 13.1.5 (the “Deferred
Purchase Default”). The Borrower has requested that the Required Lenders waive the Deferred Purchase Default. 
  
 3.3. The Required Lenders hereby waive the Subject Financial Covenant Default and the Deferred Purchase Default. The waivers contained in this
Section 3 are specific in intent and are valid only for the specific purposes for which given. Nothing contained herein obligates Administrative Agent or any Lender to agree to any additional waivers of any provisions of any of the Loan Documents,
including but not limited to Sections 11.1, 11.11.1. and 13.1.5. The waivers contained in this Section 3 are waivers of only the Subject Financial Covenant Default and the Deferred Purchase Default, and shall not operate as a waiver of
Administrative Agent’s or any Lenders’ right to exercise remedies resulting from (i) any existing and/or continuing Defaults or Events of Default other than the Subject Financial Covenant Default and the Deferred Purchase Default, or (ii)
other future Defaults or Events of Default, whether or not of a similar nature and whether or not known to Administrative Agent or any Lender. The Required Lenders hereby consent to the Transactions. 
  
 4. Amendments to Loan Agreement. 
  
 Subject to the terms and conditions set forth herein, the following amendments shall be made
to the Loan Agreement: 
  
 4.1. Consolidated Net Income.
The definition of “Consolidated Net Income” is deleted in its entirety and replaced with the following: 
  
 “Consolidated Net Income means, with respect to the Company and its Subsidiaries for any period, the net income (or loss) of the Company and
its Subsidiaries for such period, excluding any gains or losses from Asset Dispositions described in clauses (a) and (c) of the definition of Asset Dispositions, any extraordinary gains or losses, any gains or losses from discontinued operations,
and any non-cash gains or losses.” 
  
 4.2. Net
Income. A new defined term of “Net Income” is added as follows: 
  
 “Net Income means net income according to GAAP.” 
  
 4.3. Fixed Charge Coverage Ratio. For all Computation Periods ending after June 30, 2005, Section 11.11.1 is hereby deleted and replaced with the
following: 
  
 “11.11.1 Fixed Charge Coverage Ratio.
Not permit the Fixed Charge Coverage Ratio for any Computation Period to be less than the applicable ratio set forth below for such Computation Period: 
  

			
	 Computation
 Period Ending

	  	 Fixed Charge
 Coverage Ratio

	 September 30, 2005, and each December 31, March 31, June 30, and September 30 thereafter
	  	1.15 to 1.00”

  

 2 

 4.4. Senior Debt to EBITDA Ratio. For all Computation Periods ending after June 30, 2005, Section
11.11.2 is hereby deleted and replaced with the following: 
  
 “11.11.2 Senior Debt to EBITDA Ratio. Not permit the Senior Debt to EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below for such Computation Period: 
  

			
	 Computation
 Period Ending

	  	 Senior Debt to
 EBITDA Ratio

	 September 30, 2005, and each December 31, March 31, June 30, and September 30 thereafter
	  	3.25 to 1.00”

  
 5. Representations and Warranties
of the Company. The Company hereby represents and warrants to Administrative Agent, the Issuing Lender and each Lender as of the date hereof, that (i) this Amendment and each of the other documents, agreements, certificates executed in
connection herewith (the “Amendment Documents”) have been duly authorized by the Company’s board of directors, (ii) since September 24, 2004, the Company’s articles of incorporation and bylaws have not been amended, restated or
otherwise modified, (iii) no consents are necessary from any third Person for the Company’s execution, delivery or performance of this Amendment and the other Amendment Documents which have not been obtained, (iv) this Amendment, the other
Amendment Documents, the Loan Agreement and all other Loan Documents to which it is a party constitute the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms subject to bankruptcy,
insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity, (v) except as set forth in the disclosure schedules to the Loan Agreement and the other Loan Documents, the
representations and warranties in the Loan Agreement and the other Loan Documents were true and correct when made and are true and correct in all material respects as of the date hereof (except to the extent stated to relate to a specific earlier
date, in which case such representations and warranties shall be true and correct as of such earlier date), (vi) after giving effect to Section 3 of this Amendment, there exists no Unmatured Event of Default or Event of Default under the Loan
Agreement or the other Loan Documents, and (vii) there are no proceedings of any kind, pending or to the knowledge of any Senior Officer, threatened against the Company or any other Loan Party which might reasonably be expected to have a Material
Adverse Effect. 
  
 6. Effect of Amendment. Except as set forth in Section
3 of this Amendment, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Administrative Agent, the Issuing Lender, or any Lender under the Loan Agreement or any of the other Loan
Documents, nor constitute a waiver of any provision of the Loan Agreement, any of the other Loan Documents or any existing Unmatured Event of Default or Event of Default, nor act as a release or subordination of the Liens and security interests of
Administrative Agent under the Loan Documents. Each reference in the Loan Agreement to “the Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, shall be read as referring to the Loan
Agreement as amended by this Amendment. 
  

 3 

 7. Reaffirmation. The Company hereby acknowledges and confirms that (i) except as expressly amended hereby the
Loan Agreement and the Loan documents remain in full force and effect, (ii) the Company has no defenses to its obligations under the Loan Agreement and the other Loan Documents, (iii) the Liens and security interests of the Administrative Agent
under the Loan Documents secure all the Obligations, continue in full force and effect and have the same priority as before this Amendment, and (iv) the Company has no claim against Administrative Agent, the Issuing Lender or any Lender arising from
or in connection with the Loan Agreement or the other Loan Documents, and the Company hereby releases and waives and discharges forever any such claims it may have against Administrative Agent, the Issuing Lender or any Lender arising from or in
connection with this Amendment the other Amendment Documents, the Loan Agreement or the other Loan Documents. This Amendment and each of the other Amendment Documents are a part of the Loan Documents. 
  
 8. Fees and Expenses. The Company shall promptly pay to Administrative Agent all fees,
expenses and other amounts owing to Administrative Agent under the Loan Agreement and the other Loan Documents upon demand, including, without limitation, all reasonable fees, costs and expenses incurred by Administrative Agent in connection with
the preparation, negotiation, execution, and delivery of this Amendment. 
  
 9.
Governing Law. THIS AMENDMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF ILLINOIS APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.

  
 10. Section Titles. Section captions used in this Amendment are for
convenience only and shall not affect the construction of this Amendment. 
  
 11. Counterparts; Facsimile Transmissions. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, and each such counterpart shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same Amendment. Receipt of an executed signature page to this Amendment by facsimile or other electronic transmission, shall constitute effective delivery thereof. Electronic records of
executed Amendment maintained by the Lenders shall be deemed to be originals. 
  
 12. Incorporation By Reference. Administrative Agent, the Required Lenders, and the Company hereby agree that all of the terms of the Loan Documents are incorporated in and made a part of this Amendment by this reference. 

 
 13. Notice—Oral Commitments Not Enforceable. Nothing contained in the
following notice shall be deemed to limit or modify the terms of the Loan Documents: 
  
 ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT COMPANY AND EACH OTHER
LOAN PARTY (BORROWER) AND ADMINISTRATIVE AGENT AND THE LENDERS (CREDITOR) FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS THE COMPANY AND ADMINISTRATIVE AGENT AND THE LENDERS REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH
IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT. 
  

 4 

 Company acknowledges that there are no other agreements between Administrative Agent, Lenders, Company and the Loan
Parties, oral or written, concerning the subject matter of the Loan Documents, as amended hereby, and that all prior agreements concerning the same subject matter, including any proposal or commitment letter, are merged into the Loan Documents and
thereby extinguished. 
  
 14. Notice—Insurance. The following notice
is given pursuant to Section 10 of the Collateral Protection Act set forth in Chapter 815 Section 180/1 of the Illinois Compiled Statutes (1996); nothing contained in such notice shall be deemed to limit or modify the terms of the Loan Documents:

  
 UNLESS THE COMPANY PROVIDES THE ADMINISTRATIVE AGENT WITH
EVIDENCE OF THE INSURANCE COVERAGE REQUIRED BY THIS AGREEMENT, THE ADMINISTRATIVE AGENT MAY PURCHASE INSURANCE AT THE COMPANY’S EXPENSE TO PROTECT THE ADMINISTRATIVE AGENT’S AND THE LENDERS’ INTERESTS IN THE COLLATERAL AND THE REAL
ESTATE COLLATERAL. THIS INSURANCE MAY, BUT NEED NOT, PROTECT ANY LOAN PARTY’S INTERESTS. THE COVERAGE THAT THE ADMINISTRATIVE AGENT PURCHASES MAY NOT PAY ANY CLAIM THAT IS MADE AGAINST ANY LOAN PARTY IN CONNECTION WITH THE COLLATERAL AND THE
REAL ESTATE COLLATERAL. THE COMPANY MAY LATER CANCEL ANY INSURANCE PURCHASED BY THE ADMINISTRATIVE AGENT, BUT ONLY AFTER PROVIDING THE ADMINISTRATIVE AGENT WITH EVIDENCE THAT THE COMPANY HAS OBTAINED INSURANCE AS REQUIRED BY THIS AGREEMENT. IF THE
ADMINISTRATIVE AGENT PURCHASES INSURANCE FOR THE COLLATERAL AND THE REAL ESTATE COLLATERAL, THE COMPANY WILL BE RESPONSIBLE FOR THE COSTS OF THAT INSURANCE, INCLUDING INTEREST AND ANY OTHER CHARGES THAT MAY BE IMPOSED WITH THE PLACEMENT OF THE
INSURANCE, UNTIL THE EFFECTIVE DATE OF THE CANCELLATION OR EXPIRATION OF THE INSURANCE. THE COSTS OF THE INSURANCE MAY BE ADDED TO THE PRINCIPAL AMOUNT OF THE LOANS OWING HEREUNDER. THE COSTS OF THE INSURANCE MAY BE MORE THAN THE COST OF THE
INSURANCE THE LOAN PARTIES MAY BE ABLE TO OBTAIN ON THEIR OWN. 
  
 {remainder of page intentionally left blank; signature pages immediately follow} 
  

 5 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the date first above written. 

 

			
	 HUTTIG BUILDING PRODUCTS, INC., as the Company

		
	 By:
	 	 /s/    David L. Fleisher

	 Title:
	 	 Vice President-Chief Financial Officer

	
	 LASALLE BANK NATIONAL ASSOCIATION,
 as Administrative Agent, as Issuing Lender and as a Lender

		
	 By:
	 	 /s/    Signature illegible

	 Title:
	 	 Vice President

	
	 GENERAL ELECTRIC CAPITAL CORPORATION, as a Lender

		
	 By:
	 	 /s/    Signature illegible

	 Title:
	 	 Duly Authorized Signatory

	
	 HARRIS N.A., as successor by merger with
 HARRIS TRUST & SAVINGS BANK, as a Lender

		
	 By:
	 	 /s/    Signature illegible

	 Title:
	 	 Director

	
	 NATIONAL CITY BANK OF THE MIDWEST, as a Lender

		
	 By:
	 	 /s/    Eric Hartman

	 Title:
	 	 Vice President

	
	 FIRST BANK, as a Lender

		
	 By:
	 	 /s/    Signature illegible

	 Title:
	 	 Senior Vice President

	
	 CHARTER ONE BANK, N.A., as a Lender

		
	 By:
	 	 /s/    Signature illegible

	 Title:
	 	 Vice President

	
	 FIFTH THIRD BANK (SOUTHERN INDIANA), as a Lender

		
	 By:
	 	 /s/    Signature illegible

	 Title:
	 	 Vice President

  

 6 

 REAFFIRMATION TO SECOND AMENDMENT TO LOAN AGREEMENT 
  
 This Reaffirmation to Second Amendment to Loan Agreement is executed by
Huttig, Inc., a Delaware corporation, Huttig Texas Limited Partnership, a Texas limited partnership, Huttig Building Materials, Inc., a Delaware corporation, and Huttig Texas Holdings, Inc., a Delaware corporation (individually and collectively,
“Guarantor”) and is entered into as of August 5, 2005 but effective as of July 30, 2005 (this “Reaffirmation”). Guarantor acknowledges and consents to all changes, terms and provisions set forth in the foregoing Second Amendment
to the Loan Agreement among the Company, Administrative Agent, and the Required Lenders of even date with this Reaffirmation (the “Second Amendment”) and agrees that all such changes are in the best interests of the Company and Guarantor.
In consideration of the financial accommodations granted and which may hereafter be granted to the Company by Administrative Agent and the Lenders, in consideration of Administrative Agent’s, the Issuing Lender’s and the Lenders’
reliance on the Guaranty and Collateral Agreement, dated as of September 24, 2004 by and among the Company, Guarantor and the Administrative Agent (as amended, modified, restated or replaced from time to time, the “Guaranty and Collateral
Agreement”) and the other Loan Documents to which Guarantor is a party, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Guarantor, irrevocably and unconditionally reaffirms the
Guaranty and Collateral Agreement and the other Loan Documents to which it is a party and its continuing guarantee of the payment and performance of all current and future Obligations. Guarantor agrees that the validity and enforceability of the
Guaranty and Collateral Agreement and the other Loan Documents to which it is a party is not and shall not be affected in any way or manner by any of the changes, terms and provisions set forth in the Second Amendment. 
  
 Guarantor hereby represents and warrants to Administrative Agent, the Issuing
Lender and each Lender as of the date hereof, that (i) this Reaffirmation has been duly authorized by the Guarantor’s board of directors, partners, board of managers, or members, as the case may be, (ii) since September 24, 2004,
Guarantor’s articles of incorporation and bylaws have not been amended, restated or otherwise modified, (iii) no consents are necessary from any third Person for Guarantor’s execution, delivery or performance of this Reaffirmation which
have not been obtained, (iv) this Reaffirmation and all other Loan Documents to which it is a party constitute the legal, valid and binding obligation of Guarantor enforceable against Guarantor in accordance with its terms subject to bankruptcy,
insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity, (v) except as set forth in the disclosure schedules to the Loan Agreement and the other Loan Documents, the
representations and warranties in the Loan Agreement were true and correct when made and are true and correct in all material respects as of the date hereof (except to the extent stated to relate to a specific earlier date, in which case such
representations and warranties shall be true and correct as of such earlier date), and (vi) after giving effect to Section 3 of the Second Amendment, there exists no Unmatured Event of Default or Event of Default under the Loan Agreement.

  
 Guarantor hereby acknowledges and confirms that (i) the Loan
Documents are in full force and effect, (ii) Guarantor has no defenses to its obligations under the Loan Documents, (iii) the Liens and security interests of the Administrative Agent under the Loan Documents secure all the Obligations, continue in
full force and effect and have the same priority as before the Second Amendment, and (iv) Guarantor has no claim against Administrative Agent, the Issuing Lender or any Lender arising from or in connection with the Loan Agreement or the other Loan
Documents, and Guarantor hereby releases and waives and discharges forever any such claims it may have against Administrative Agent, the Issuing Lender or any Lender arising from or in connection with the Loan Agreement or the other Loan Documents.

  
 {Reaffirmation continues on the next page; Signatures are on
the next page} 
  

 7 

 Capitalized terms used in this Reaffirmation, but not defined herein, shall have the meanings set forth
in the Second Amendment. 
  

			
	 HUTTIG, INC.

		
	 By:
	 	 /s/    David L. Fleisher

	 Title:
	 	 Treasurer

	
	 HUTTIG TEXAS LIMITED PARTNERSHIP

		
	 By:
	 	 Huttig Building Materials, Inc., its general partner

		
	 By:
	 	 /s/    David L. Fleisher

	 Title:
	 	 Treasurer

	 HUTTIG BUILDING MATERIALS, INC.

		
	 By:
	 	 /s/    David L. Fleisher

	 Title:
	 	 Treasurer

	 HUTTIG TEXAS HOLDINGS, INC.

		
	 By:
	 	 /s/    David L. Fleisher

	 Title:
	 	 Treasurer

  

 8 

 Exhibit 4.8 
  
 Exhibit A 
  
 Documents and Requirements 
  

			
		
	1.	  	Second Amendment to Loan Agreement.
		
	2.	  	Reaffirmation to Second Amendment to Loan Agreement.
		
	3.	  	Payment of $50,000 (the “Second Amendment Fee”).

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