Document:

[EXHIBIT 4.3]

                    SECURITIES PURCHASE AGREEMENT

          THIS SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated
as of the date of acceptance set forth below, is entered into by and
between EAGLE SUPPLY GROUP, INC., a Delaware corporation (the "Company"),
and each individual or entity named on a signature page hereto (each, a
"Buyer") (each agreement with a Buyer being deemed a separate and
independent agreement between the Company and such Buyer, except that
each Buyer acknowledges and consents to the rights granted to each other
Buyer under such agreement and the Transaction Agreements, as defined
below, referred to therein).

                         W I T N E S S E T H:

          WHEREAS, the Company and the Buyer are executing and
delivering this Agreement in accordance with and in reliance upon the
exemption from securities registration afforded, inter alia, by Rule 506
under Regulation D ("Regulation D") as promulgated by the United States
Securities and Exchange Commission (the "SEC") under the Securities Act
of 1933, as amended (the "1933 Act"), and/or Section 4(2) of the 1933
Act; and

          WHEREAS, the Buyer wishes to purchase from the Company and the
Company desires to sell to the Buyers, upon the terms and subject to the
conditions of this Agreement, shares of the common stock, $.0001 par
value per share,  of  the Company (the "Common Stock"), together with the
Warrants (as defined in Section 4(f) hereof) exercisable for the purchase
of shares of Common Stock,  and subject to acceptance of this Agreement
by the Company;

          NOW THEREFORE, in consideration of the premises and the mutual
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows:

          1.   AGREEMENT TO PURCHASE; PURCHASE PRICE.

          a.   Purchase.

          (i)     The undersigned hereby agrees to purchase from the
Company, and the Company hereby agrees to sell to the Buyer, the number
of shares of Common Stock (the "Purchased Shares") specified on the
Buyer's signature page to this Agreement at a price of $2.75 per share
(which amount is subject to equitable adjustment for capital adjustments
such as stock splits, effected after the date hereof).  The aggregate
purchase price for the Purchased Shares is specified on the Buyer's
signature page to this Agreement (the "Aggregate Purchase Price").  The
total Aggregate Purchase Price for all Buyers is $3,000,000 (the "Total
Purchase Price").

          (ii)    Subject to the terms and conditions of this Agreement,
the Buyer will purchase (x) fifty percent (50%) of the Purchased Shares
on the Initial Closing Date (as defined in Section 1(b) hereof) (such
number of shares, the "Initial Purchased Shares") and (y) fifty percent

<PAGE>

(50%) of the Purchased Shares on the Additional Closing Date (as defined
in Section 1(b) hereof) (such number of shares, the "Additional Purchased
Shares").  The applicable portion of the Aggregate Purchase Price paid
on the relevant Closing Date (as defined in Section 1(b) hereof) is
referred to as the "Purchase Price" for such Closing Date.

          (iii)   In furtherance of the foregoing, the portion of the Total
Purchase Price payable by all Buyers (x) on the Initial Closing Date
shall be $1,500,000, and (y) on the Additional Closing Date shall be
$1,500,000.  Notwithstanding the foregoing, no Buyer shall be obligated
to pay any portion of the Total Purchase Price in excess of such Buyer's
Aggregate Purchase Price.

          (iv) The Purchase Price for each Buyer on each Closing Date
shall be payable in United States Dollars.

          b.   Certain Definitions.     As used herein, each of the
following terms has the meaning set forth below, unless the context
otherwise requires:

          (i)    "Additional Closing Date" means the date of the closing
of the purchase and sale of the Additional Purchased Shares, as provided
herein.

          (ii)   "Affiliate," with respect to a specific Person referred
to in the relevant provision, shall have the meaning set forth in Rule
405 promulgated under the 1933 Act.

          (iii)  "Bid Price" shall mean the 4:00 P.M. closing bid price
of the Common Stock on the Principal Market on the relevant Trading
Day(s).

          (iv)    "Buyer's Allocable Share" means the fraction, of which
the numerator is the Buyer's Aggregate Purchase Price and the denominator
is the Total Purchase Price.

          (v)     "Buyer Control Person" means each director, executive
officer, promoter, and such other Persons as may be deemed in control of
the Buyer pursuant to Section 15 of the 1933 Act or Section 20 of the
1934 Securities Exchange Act of 1934, as amended (the "1934 Act").

          (vi)    "Certificates" means (x) the stock certificates
representing the Purchased Shares and (y) the Warrants, each duly
executed by the Company and issued in the name of the Buyer on the
relevant Closing Date.

          (vii)   "Closing Date" means the Initial Closing Date or the
Additional Closing Date, as the case may be.

          (viii)  "Company Control Person" means  each director,
executive officer, promoter, and such other Persons as may be deemed in
control of the Company pursuant to Section 15 of the 1933 Act or Section
20 of the 1934 Act.

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          (ix)    "Effective Date" means the date the Registration
Statement covering the Registrable Securities (as  defined in this
Section 1(b)) is declared effective by the SEC.

          (x)     "Escrow Agent" means the escrow agent identified in the
Joint Escrow Instructions attached hereto as Annex I (the "Joint Escrow
Instructions").

          (xi)    "Escrow Funds" shall have the meaning set forth in
Section 1(c) hereof.

          (xii)   "Escrow Property" means the Escrow Funds and the
Certificates delivered to the Escrow Agent as contemplated by Section
1(c) hereof.

          (xiii)  "Finder" means vFinance Investments, Inc.

          (xiv)   "Initial Closing Date" means the date of the closing of
the purchase and sale of the Initial Purchased Shares, as provided
herein.

          (xv)    "Last Audited Date" means June 30, 2001.

          (xvi)   "Material Adverse Effect" means an event or combination
of events, which individually or in the aggregate, would reasonably be
expected to (w) adversely affect the legality, validity or enforceability
of any of the Transaction Agreements, (x)  have or result in a material
adverse effect on the results of operations, assets, prospects, or
condition (financial or otherwise) of the Company and it subsidiaries,
taken as a whole, or (y) adversely impair the Company's authority or
ability to perform fully on a timely basis its obligations under any of
the Transaction Agreements or the transactions contemplated thereby;
provided, that "Material Adverse Effect" shall not be deemed to include
the impact of: (a) changes in the laws of government rules and
regulations relating to the Company's business and the industry in which
it operates as of the date hereof, or interpretations thereof by courts
or governmental authorities promulgated or announced after the date
hereof, (b) changes promulgated after the date hereof in GAAP or
regulatory accounting principles, including those promulgated by the
accounting staff of the SEC, generally applicable to other entities
engaged in businesses similar to that of the Company as of the date
hereof, (c) acts and omissions of the Company taken with the prior
informed consent of all other Persons who are a party to this Agreement
in contemplation of the transactions contemplated hereby, and (d) the
transactions contemplated by this Agreement and the other Transaction
Agreements.

          (xvii)  "Person" means any living person or any entity,
such as, but not necessarily limited to,  a corporation, partnership or
trust.

          (xviii) "Principal Market" means The NASDAQ/SmallCap
Market.

          (xix)   "Purchase Price" shall have the meaning set forth in
Section 1(a)(ii) hereof.

          (xx)    "Registrable Securities" shall have the meaning ascribed
to it in the Registration Rights Agreement.

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<PAGE>

          (xxi)   "Registration Rights Agreement" means the Registration
Rights Agreement in the form annexed hereto as Annex III as executed by
the Buyer and the Company simultaneously with the execution of this
Agreement.

          (xxii)  "Registration Statement" shall have the meaning
ascribed to it in the Registration Rights Agreement.

          (xxiii) "Reporting Service" means Bloomberg LP or if that
service is not then reporting the relevant information regarding the
Common Stock, a comparable reporting service of national reputation
selected by the Buyer and reasonably acceptable to the Company.

          (xxiv)  "Securities" means the (w) the Purchased Shares,
(x) the Warrants, and (y) the Warrant Shares.

          (xxv)   "Trading Day" shall mean any day during which the
Principal Market shall be open for business.

          (xxvi)  "Transaction Agreements" means this Agreement, the
Joint Escrow Instructions, the Registration Rights Agreement and  the
Warrants.

          (xxvii) "Warrant Shares" means the shares of Common Stock
issuable on exercise of the Warrants.

          c.   Form of Payment; Delivery of Certificates.

          (i)  The Buyer shall pay the relevant Purchase Price for the
Purchased Shares on each Closing Date by delivering immediately available
good funds in United States Dollars to the Escrow Agent no later than the
date prior to such Closing Date.  The funds so deposited are referred to
as the "Escrow Funds."

          (ii) No later than the relevant Closing Date, the Company
shall deliver the Certificates to the Escrow Agent.  Time is of the
essence with respect to such delivery, and failure by the Company to make
such delivery shall constitute a default by the Company of its
obligations hereunder.

          (iii)     By signing this Agreement, each of the Buyer and the
Company, subject to acceptance by the Escrow Agent, agrees to all of the
terms and conditions of, and becomes a party to, the Joint Escrow
Instructions, all of the provisions of which are incorporated herein by
this reference as if set forth in full.

          d.   Method of Payment.  Payment of the Purchase Price into
escrow shall be made by wire transfer of funds to the following account
or an alternate account designated by the Escrow Agent by notice to the
Buyer:

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<PAGE>

               Bank of New York
               350 Fifth Avenue
               New York, New York 10001

               ABA# 021000018
               For credit to the account of Krieger & Prager llp

               Account No.:  [To be provided to the Buyer by Krieger
                             & Prager llp]
               Re:  Eagle Supply Transaction

Not later than 3:00 p.m., New York time, on the date which is two (2)
Trading Days after both the Buyer and  the Company shall have accepted
this Agreement and returned a signed counterpart of this Agreement to the
Escrow Agent by facsimile, (i) the Buyer shall deposit with the Escrow
Agent the Purchase Price for the Initial Purchased Shares in immediately
available funds and (ii) the Company shall deliver the Certificates in
escrow to the Escrow Agent.  Time is of the essence with respect to such
payment and delivery, and failure by the Buyer or the Company to make
such payment or delivery, shall constitute a default by the Buyer or the
Company, as the case may be, and, without limiting the Company's or the
Buyer's other remedies, allow the Company or the Buyer, as the case may
be, to cancel this Agreement.

          2.  BUYER REPRESENTATIONS, WARRANTIES, ETC.; ACCESS TO
INFORMATION; INDEPENDENT INVESTIGATION.

          The Buyer represents and warrants to, and covenants and agrees
with, the Company as follows:

          a.   Without limiting Buyer's right to sell the Securities
pursuant to the Registration Statement or otherwise in compliance with
the 1933 Act, the Buyer is purchasing the Securities for its own account
for investment only and not with a view towards the public sale or
distribution thereof and not with a view to or for sale in connection
with any distribution thereof.

          b.   The Buyer is (i) an "accredited investor" as that term
is defined in Rule 501 of Regulation D by reason of Rule 501(a)
thereunder, (ii) experienced in making investments of the kind described
in this Agreement and the related documents, (iii) able, by reason of the
business and financial experience of its officers (if an entity) and
professional advisors (who are not affiliated with or compensated in any
way by the Company or any of its affiliates or selling agents), to
protect its own interests in connection with the transactions described
in this Agreement, and the related documents, and to evaluate the merits
and risks of an investment in the Securities, and (iv) able to afford the
entire loss of its investment in the Securities.

          c.   The Buyer understands and agrees that it may not offer,
sell, transfer, pledge, hypothecate or otherwise dispose of any of the
Securities unless such Securities are registered under the 1933 Act and
the securities and Blue Sky laws of all other applicable jurisdictions
or an exemption from such registration is available.

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<PAGE>

          d.   The Buyer further understands that the Securities are
being offered and sold to it in reliance on specific exemptions from the
registration requirements of United States federal and state securities
laws and that the Company is relying upon the truth and accuracy of, and
the Buyer's compliance with, the representations, warranties, agreements,
acknowledgments and understandings of the Buyer set forth herein in order
to determine the availability of such exemptions and the eligibility of
the Buyer to acquire the Securities, and, accordingly, confirms that all
such statements contained herein are true, complete and accurate as of
the date hereof, and shall be true, accurate as of the date that this
Agreement is accepted by the Company, and, as provided herein, shall
survive such acceptance.  The Buyer agrees that, if any events occur or
circumstances exist prior to the Initial Closing Date or the Additional
Closing Date, as the case may be, or the issuance of the Securities to
the Buyer which would make, as of such Closing Date, any of the Buyer's
representations, warranties, agreements or other information set forth
herein materially untrue or materially inaccurate, the Buyer shall
immediately notify the Company (directly or through its counsel) in
writing of such fact prior to such Closing Date, specifying which
representation, warranty or covenant is affected and the reasons
therefor.

          e.   The Buyer and its advisors, if any, have been furnished
with or have been given access to all materials relating to the business,
finances and operations of the Company and materials relating to the
offer and sale of the Securities which have been requested by the Buyer,
including Annex IV hereto. The Buyer and its advisors, if any, have been
afforded the opportunity to ask questions of the Company and have
received complete and satisfactory answers to any such inquiries.
Without limiting the generality of the foregoing, the Buyer has also had
the opportunity to obtain and to review the Company's (1) Annual Report
on Form 10-K for the fiscal year ended June 30, 2001, (2) Quarterly
Reports on Form 10-Q for the fiscal quarters ended September 30, 2001 and
December 31, 2001; (3) Definitive Information Statement filed on November
13, 2001; and (4) the Registration Statement on Form S-3 filed on April
19, 2002 (collectively, the "Company's SEC Documents").

          f.   The Buyer understands that its investment in the
Securities involves a high degree of risk.

          g.   The Buyer hereby represents that, in connection with its
purchase of the Securities, it has not relied on any statement or
representation by the Company or the Finder or any of their respective
officers, directors and employees or any of their respective attorneys
or agents or the Finder, except as specifically set forth herein.  The
Finder is a third party beneficiary of this provision.

          h.   If the Buyer is an entity (rather than one or more
individuals), the Buyer is an entity duly organized, validly existing and
in good standing under the laws of the jurisdiction identified on the
Buyer's signature page to this Agreement and the Buyer has the requisite
power to enter into this Agreement and the other Transaction Agreements
and the transactions, including the purchase of the Securities,
contemplated hereby and thereby.

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<PAGE>

          i.   To the knowledge of Buyer, assuming the accuracy of the
Company's representations in Section 3 hereof, no authorization, approval
or consent of any court, governmental body, regulatory agency,
self-regulatory organization, stock exchange or market or the beneficial
owners of the Buyer of the Buyer is required to be obtained by the Buyer
for the purchase of the Securities as contemplated by this Agreement,
except such authorizations, approvals and consents that have been
obtained or for which the failure to obtain such would not, individually
or in the aggregate, materially adversely affect the legality, validity
or enforceability of any of the Transaction Agreements as against the
Buyer or materially adversely impair the Buyer's ability to perform fully
on a timely basis its obligations under any of the Transaction
Agreements.

          j.   The Buyer understands that no United States federal or
state agency or any other government or governmental agency has passed
on or made any recommendation or endorsement of the Securities.

          k.   This Agreement has been duly and validly authorized,
executed and delivered on behalf of the Buyer and is a valid and binding
agreement of the Buyer enforceable in accordance with its terms,  except
in all cases to the extent that (i) enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar
law affecting the enforcement of creditors' rights and remedies
generally, (ii) the availability of the equitable remedy of specific
performance and injunctive relief is subject to the discretion of the
court before which the proceedings may be brought, and (iii) the
enforceability of the provisions hereof relating to indemnification and
contribution may be limited by applicable federal, state or other
securities laws or the public policy underlying such laws.

          l.   The Buyer acknowledges and understands the meaning and
legal consequences of the representations, warranties and covenants
provided by the Buyer in this Agreement, and the Buyer agrees to
indemnify and hold harmless the Company and its agents, employees and
representative from and against any and all losses, damages, costs,
expenses (including reasonable attorneys' fees) and liabilities due to
or arising out of  any misrepresentation, breach of warranty or
nonfulfillment of or failure to perform any covenant or agreement on the
part of Company contained in this Agreement, except to the extent such
damages or loss result primarily from the Company's failure to perform
any covenant or agreement contained in this Agreement or the Company's
or its officers, directors, employees, agents or Company Control Person's
negligence, recklessness or bad faith in performing its obligations under
this Agreement.

          3.   COMPANY REPRESENTATIONS, ETC.   Except as provided in
Annex IV hereto or in the Company's SEC Documents or as otherwise
provided herein, the Company represents and warrants to the Buyer, as of
the date hereof and as of the Initial Closing Date, that,

          a.   Concerning the Securities.   As of the Initial Closing
Date, the Securities shall have been duly authorized by all necessary
corporate action on the part of the Company, and, when issued and
delivered against payment therefor as contemplated by the Transaction
Agreements, will be duly and validly issued, fully paid and non-
assessable.  No stockholder of the Company is entitled to any preemptive

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<PAGE>

rights with respect to the sale of the Securities contemplated by the
Transaction Agreements.  No party has a currently exercisable right of
first refusal to which the Company is a party or to which the Company or
any Company Control Person is aware that would be applicable to any or
all of the transactions contemplated by the Transaction Agreements.

          b.   Status.   The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of
Delaware and has the requisite corporate power to own its properties and
to carry on its business as now being conducted as described in the
Company's SEC Documents.  The Company is duly qualified as a foreign
corporation to do business and is in good standing in each jurisdiction
where the nature of the business conducted or property owned by it makes
such qualification necessary, other than those jurisdictions in which the
failure to so qualify would not have a Material Adverse Effect.  The
Company has registered its stock under, and is obligated to file reports
pursuant to, Section 12 of the 1934 Act.  The Common Stock is listed and
quoted on the Principal Market.  The Company has received no notice,
either oral or written, with respect to the continued eligibility of the
Common Stock for such listing and quotation on the Principal Market, and
the Company has maintained all requirements on its part for the
continuation of such listing and trading.

          c.   Authorized Shares.  As of the Initial Closing Date,
immediately before giving effect to the transactions contemplated by the
Transaction Agreements, (i) the authorized capital stock of the Company
consists of (x) 25,000,000 shares of Common Stock, $.0001 par value per
share, of which 8,510,000 are outstanding and (y) 2,500,000 shares of
preferred stock, of which none are outstanding, and (ii) all issued and
outstanding shares of Common Stock have been duly authorized and validly
issued and are fully paid and nonassessable.  The Company has sufficient
authorized and unissued shares of Common Stock as may be necessary to
effect the issuance of the Securities.

          d.   Securities Purchase Agreement.  This Agreement and the
transactions contemplated thereby have been duly and validly authorized
by the Company.  This Agreement has been duly executed and delivered by
the Company.  This Agreement is, and the other Transaction Agreements,
when executed and delivered by the Company, will be, valid and binding
agreements of the Company enforceable in accordance with their respective
terms, except in all cases to the extent that (i) enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar law affecting the enforcement of creditors' rights and
remedies generally, (ii) the availability of the equitable remedy of
specific performance and injunctive relief is subject to the discretion
of the court before which the proceedings may be brought, and (iii) the
enforceability of the provisions hereof relating to indemnification and
contribution may be limited by applicable federal, state or other
securities laws or the public policy underlying such laws.

          e.   Non-contravention.  The execution and delivery of this
Agreement and the other Transaction Agreements by the Company, the
issuance of the Securities, and the consummation by the Company of the
other transactions contemplated by the Transaction Agreements do not and
will not conflict with or result in a breach by the Company of any of the
terms or provisions of, or constitute a default under (i) the certificate
of incorporation or other charter document and by-laws of the Company,

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<PAGE>

each as currently in effect, (ii) any material indenture, mortgage, deed
of trust, or other material agreement or instrument to which the Company
is a party or by which it or any of its properties or assets are bound,
including any listing agreement for the Common Stock except as herein set
forth, or (iii) to its knowledge, any existing applicable law, rule, or
regulation or any applicable decree, judgment, or order of any court,
United States federal or state regulatory body, administrative agency,
or other governmental body having jurisdiction over the Company or any
of its respective properties or assets; except that the foregoing
representation in any of the clauses of  this Section 3(e) shall not
apply in each case to the extent such conflict, breach or default would
not have a Material Adverse Effect.

          f.   Approvals.   Assuming the accuracy of the Buyer's
representations in Section 2 hereof, no authorization, approval or
consent of any court, governmental body, regulatory agency,
self-regulatory organization, stock exchange or market or the
stockholders of the Company is required to be obtained by the Company for
the issuance and sale of the Securities to the Buyer as contemplated by
this Agreement, except such authorizations, approvals and consents that
have been obtained or for which the failure to obtain such would not,
individually or in the aggregate, have a Material Adverse Effect.

          g.   Filings.  As of their respective filing dates, none of
the Company's SEC Documents contained any untrue statement of a material
fact or omitted to state any material fact required to be stated therein
or necessary to make the statements made therein in light of the
circumstances under which they were made, not misleading (except any
statements or omissions therein which were corrected or otherwise
disclosed or updated in a filing of any of the subsequent Company's SEC
Documents).

          h.   Absence of Certain Changes.  Since the Last Audited Date,
there has been no Material Adverse Effect.  Since the Last Audited Date,
except as provided in the Company's SEC Documents, the Company has not
(i) incurred or become subject to any material liabilities (absolute or
contingent) except liabilities incurred in the ordinary course of
business consistent with past practices; (ii) discharged or satisfied any
material lien or encumbrance or paid any material obligation or liability
(absolute or contingent), other than current liabilities paid in the
ordinary course of business consistent with past practices; (iii)
declared or made any payment or distribution of cash or other property
to stockholders with respect to its capital stock, or purchased or
redeemed, or made any agreements to purchase or redeem, any shares of its
capital stock; (iv) sold, assigned or transferred any other tangible
assets, or canceled any debts or claims, except in the ordinary course
of business consistent with past practices; (v) suffered any substantial
losses or waived any rights of material value, whether or not in the
ordinary course of business, or suffered the loss of any material amount
of existing business; (vi) made any changes in employee compensation,
except in the ordinary course of business consistent with past practices;
or (vii) experienced any material problems with labor or management in
connection with the terms and conditions of their employment.

          i.   Full Disclosure.  There is no fact known to the Company
(other than general economic conditions known to the public generally)
that has not been disclosed in writing to the Buyer that would reasonably

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<PAGE>

be expected to materially and adversely affect the ability of the Company
to perform its obligations pursuant to this Agreement or any of the other
Transaction Agreements.

          j.   Absence of Litigation.  There is no action, suit,
proceeding, inquiry or investigation before or by any court, public board
or body pending or, to the knowledge of the Company, threatened against
or affecting the Company before or by any governmental authority or
nongovernmental department, commission, board, bureau, agency or
instrumentality or any other Person to which the Company is a party or
of which the Company is otherwise aware, wherein an unfavorable decision,
ruling or finding would have a Material Adverse Effect.  The Company is
not aware of any valid basis for any such claim that (either individually
or in the aggregate with all other such events and circumstances) could
reasonably be expected to have a Material Adverse Effect. There are no
outstanding or unsatisfied judgments, orders, decrees, writs, injunctions
or stipulations to which the Company is a party or by which it or any of
its properties is bound, that involve the transaction contemplated herein
or that, alone or in the aggregate, could reasonably be expected to have
a Material Adverse Effect.

          k.   Absence of Events of Default.  Except as set forth in
Section 3(e) hereof, no Event of Default (or its equivalent term), as
defined in the respective agreement to which the Company is a party, and
no event which, with the giving of notice or the passage of time or both,
would become an Event of Default (or its equivalent term) (as so defined
in such agreement), has occurred and is continuing, which would have a
Material Adverse Effect.

          l.   Absence of Certain Company Control Person Actions or
Events.  None of the following has occurred during the past five (5)
years with respect to a Company Control Person:

     (1) A petition under the federal bankruptcy laws or any state
     insolvency law was filed by or against, or a receiver, fiscal agent
     or similar officer was appointed by a court for the business or
     property of such Company Control Person, or any partnership in which
     he was a general partner at or within two years before the time of
     such filing, or any corporation or business association of which he
     was an executive officer at or within two years before the time of
     such filing;

     (2) Such Company Control Person was convicted in a criminal
     proceeding or is a named subject of a pending criminal proceeding
     (excluding traffic violations and other minor offenses);

     (3) Such Company Control Person was the subject of any order,
     judgment or decree, not subsequently reversed, suspended or vacated,
     of any court of competent jurisdiction, permanently or temporarily
     enjoining him from, or otherwise limiting, the following activities:

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<PAGE>

          (i) acting, as an investment advisor, underwriter,
          broker or dealer in securities, or as an affiliated
          person, director or employee of any investment company,
          bank, savings and loan association or insurance company,
          as a futures commission merchant, introducing broker,
          commodity trading advisor, commodity pool operator,
          floor broker, any other Person regulated by the
          Commodity Futures Trading Commission ("CFTC") or
          engaging in or continuing any conduct or practice in
          connection with such activity;

          (ii) engaging in any type of business practice; or

          (iii) engaging in any activity in connection with the
          purchase or sale of any security or commodity or in
          connection with any violation of federal or state
          securities laws or federal commodities laws;

     (4) Such Company Control Person was the subject of any order,
     judgment or decree, not subsequently reversed, suspended or vacated,
     of any federal or state authority barring, suspending or otherwise
     limiting for more than 60 days the right of such Company Control
     Person to engage in any activity described in paragraph (3) of this
     item, or to be associated with Persons engaged in any such activity;
     or

     (5) Such Company Control Person was found by a court of competent
     jurisdiction in a civil action or by the CFTC or SEC to have
     violated any federal or state securities law, and the judgment in
     such civil action or finding by the CFTC or SEC has not been
     subsequently reversed, suspended, or vacated.

          m.   Prior Issues.  Since the Last Audited Date, the Company
has not issued any stock option grants, convertible securities, or any
shares of its Common Stock.

          n.   No Undisclosed Liabilities or Events.  Since the Last
Audited Date, the Company has incurred no liabilities or obligations
other than (x) those disclosed in the Transaction Agreements or the
Company's SEC Documents, (y) those incurred in the ordinary course of the
Company's business, or (z) which individually or in the aggregate, do not
or would not have a Material Adverse Effect. No event or circumstances
has occurred or exists with respect to the Company or its properties,
business, operations, condition (financial or otherwise), or results of
operations, which, under applicable law, rule or regulation, requires
public disclosure or announcement prior to the date hereof by the Company
but which has not been so publicly announced or disclosed.  There are no
proposals currently under consideration or currently anticipated to be
under consideration by the Board of Directors or the executive officers
of the Company which proposal would (i) change the certificate of
incorporation or other charter document or by-laws of the Company, each
as currently in effect, with or without shareholder approval, which
change would reduce or otherwise adversely affect the rights and powers
of the shareholders of the Common Stock or (ii) materially or
substantially change the business, assets or capital of the Company,
including its interests in subsidiaries.

                                 -11-
                                                                 5/14/02
<PAGE>

          o.   No Integrated Offering.  Neither the Company nor any of
its affiliates nor any person acting on its or their behalf has, directly
or indirectly, at any time since November 1, 2001, made any offer or
sales of any security or solicited any offers to buy any security under
circumstances that would cause the exemption from registration under Rule
506 of Regulation D not to be available to the Company in connection with
the offer and sale of the Securities as contemplated hereby.

          p.   Fees to Brokers, Finders and Others.  Except for payment
of fees to the Finder, payment of which is the sole responsibility of the
Company, the Company has taken no action which would give rise to any
claim by any person for brokerage commission, finder's fees or similar
payments by Buyer relating to this Agreement or the transactions
contemplated hereby.  Buyer shall have no obligation with respect to such
fees or with respect to any claims made by or on behalf of other Persons
for fees of a type contemplated in this Section 3(p) that may be due in
connection with the transactions contemplated hereby.

          q.   Confirmation.  The Company confirms that all statements
of the Company contained herein shall survive acceptance of this
Agreement by the Buyer.  The Company agrees that, if any events occur or
circumstances exist prior to the Initial Closing Date or Additional
Closing Date, as the case may be, or the release of the Escrow Funds to
the Company which would make any of the Company's representations,
warranties, agreements or other information set forth herein materially
untrue or materially inaccurate as of such Closing Date, the Company
shall immediately notify the Buyer (directly or through its counsel) in
writing prior to such Closing Date of such fact, specifying which
representation, warranty or covenant is affected and the reasons
therefor.

          4.   CERTAIN COVENANTS AND ACKNOWLEDGMENTS.

          a.   Transfer Restrictions.  The Buyer acknowledges that (1)
the Securities have not been and are not being registered under the
provisions of the 1933 Act and, except as provided in the Registration
Rights Agreement or otherwise included in an effective registration
statement, the Securities have not been and are not being registered
under the 1933 Act, and may not be transferred unless (A) subsequently
registered thereunder or (B) the Buyer shall have delivered to the
Company an opinion of counsel, reasonably satisfactory in form, scope and
substance to the Company, to the effect that the Securities to be sold
or transferred may be sold or transferred pursuant to an exemption from
such registration; (2) any sale of the Securities made in reliance on
Rule 144 promulgated under the 1933 Act may be made only in accordance
with the terms of said Rule and further, if said Rule is not applicable,
any resale of such Securities under circumstances in which the seller,
or the person through whom the sale is made, may be deemed to be an
underwriter, as that term is used in the 1933 Act, may require compliance
with some other exemption under the 1933 Act or the rules and regulations
of the SEC thereunder; and (3) neither the Company nor any other person
is under any obligation to register the Securities (other than pursuant

                                 -12-
                                                                 5/14/02
<PAGE>

to the Registration Rights Agreement) under the 1933 Act or to comply
with the terms and conditions of any exemption thereunder.

          b.   Restrictive Legend.  The Buyer acknowledges and agrees
that, until such time as the Securities have been registered under the
1933 Act as contemplated by the Registration Rights Agreement in
accordance with an effective Registration Statement or otherwise as part
of another effective registration statement, certificates and other
instruments representing any of the Securities shall bear a restrictive
legend in substantially the following form (and a stop-transfer order may
be placed against transfer of any such Securities):

     THESE SECURITIES (THE "SECURITIES") HAVE NOT BEEN REGISTERED
     UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
     ACT"), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD
     OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE
     REGISTRATION STATEMENT FOR THE SECURITIES OR AN OPINION OF
     COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE CORPORATION THAT
     SUCH REGISTRATION IS NOT REQUIRED.

          c.   Filings.  The Company undertakes and agrees to make all
necessary filings in connection with the sale of the Securities to the
Buyer under any United States laws and regulations applicable to the
Company, or by any domestic securities exchange or trading market, and
to provide a copy thereof to the Buyer promptly after such filing.

          d.   Reporting Status.  So long as the Buyer beneficially owns
any of the Registrable Securities, whether or not the Registrable
Securities are then registered under an effective Registration Statement,
the Company shall file all reports required to be filed  with the SEC
pursuant to Section 13 or 15(d) of the 1934 Act, and shall take all
commercially reasonable action under its control to ensure that adequate
current public information with respect to the Company, as required in
accordance with Rule 144(c)(2) of the 1933 Act, is publicly available.
So long as the Buyer beneficially owns any of the Registrable Securities,
the Company shall not terminate its status as an issuer required to file
reports under the 1934 Act even if the 1934 Act or the rules and
regulations thereunder would permit such termination.  The Company will
take all commercially reasonable action under its control to obtain and
to continue the listing and trading of its Common Stock (including,
without limitation, all Registrable Securities) on the Principal Market
or The NASDAQ/National Market (collectively, "The NASDAQ Stock Market")
and will comply in all material respects with the Company's reporting,
filing and other obligations under the by-laws or rules of the National
Association of Securities Dealers, Inc. or The NASDAQ Stock Market.

          e.   Use of Proceeds.  The Company will use the proceeds from
the sale of the Securities (excluding amounts paid by the Company for
placement agent or finder's fees and legal and escrow fees in connection

                               -13-
                                                                 5/14/02
<PAGE>

with the sale of the Securities; "Net Proceeds"), subject to the
provisions of the immediately following sentence, for the repayment of
indebtedness, to finance acquisitions of companies operating primarily
in the roofing supplies and related products industry, to expand
operations and for working capital purposes, including general corporate
purposes of the Company and its subsidiaries.  Except for the express
purposes detailed in this Section 4(e), unless specifically consented to
in advance in each instance by the Buyer, the Company shall not, directly
or indirectly, use such proceeds for any loan to or investment in any
other corporation, partnership enterprise or other person.

          f.   Warrants.  The Company agrees to issue to the Buyer on
each Closing Date transferable warrants (the "Warrants") for the purchase
of a number of shares of Common Stock equal to ten percent (10%) of  the
Purchased Shares acquired by the Buyer on that Closing Date at an
exercise price  equal to $3.50 per share (which amount shall be equitably
adjusted to reflect capital adjustments, such as stock splits, effected
after the date hereof and before the issuance of the Warrant).   The
Warrants will expire on the last day of the calendar month in which the
fifth anniversary of the relevant Closing Date occurs. Each of the
Warrants shall be in the form annexed hereto as Annex V.  The Warrant
Shares shall have registration rights as provided in the Registration
Rights Agreement.

          5.   TRANSFER AGENT INSTRUCTIONS.  The Company will not
issue any instruction to its transfer agent restricting the transfer of
the Registrable Securities after the Effective Date of the Registration
Statement.  The Company warrants that no instruction other than such
instructions referred to in this Section 5 and stop transfer instructions
to give effect to Sections 4(a) and (b) hereof prior to registration and
sale of the Registrable Securities under the 1933 Act will be given by
the Company to the transfer agent and that the Registrable Securities
shall otherwise be freely transferable on the books and records of the
Company as and to the extent provided in this Agreement, the Registration
Rights Agreement, and applicable law.  Nothing in this Section shall
affect in any way the Buyer's obligations and agreement to comply with
all applicable securities laws upon resale of the Securities.  If the
Buyer provides the Company with an opinion of counsel reasonably
satisfactory to the Company that registration of a resale by the Buyer
of any of the Securities is not required under the 1933 Act, the Company
shall take all steps necessary or appropriate to ensure that the Company
shall permit the transfer of the Securities and promptly instruct the
Company's transfer agent to issue one or more certificates for Common
Stock without legend in such name and in such denominations as specified
by the Buyer.

          6.   CLOSING DATES.

          a.   The Initial Closing Date shall occur on the date which
is the first Trading Day after each of the conditions contemplated by
Sections 7 and 8 hereof shall have either been satisfied or been waived
by the party in whose favor such conditions run.

                                 -14-
                                                                 5/14/02
<PAGE>

          b.   (i)  The Additional Closing Date shall be the date
specified in the Additional Closing Date Notice (as defined below) .

               (ii)  Subject to the other provisions of this Section
6(b), the term "Additional Closing Date Notice" means  a written notice
given by the Company to the Buyer and to the Escrow Agent by fax
transmission or hand delivery no later than one (1) business day after
the Company submits the Effectiveness Request (as defined below; a copy
of the Effectiveness Request shall be attached to the Additional Closing
Date Notice).

               (iii)  It also shall be a condition to the giving of an
Additional Closing Date Notice that the representations and warranties
of the Company contained in Section 3 hereof shall be true and correct
in all material respects and there shall have been no Material Adverse
Effect  from the Initial Closing Date through and including the date the
Company gives the Additional Closing Date Notice to the Buyer (and the
Company's issuance of the Additional Closing Date Notice shall constitute
the Company's making each such representation and warranty as of such
date).

               (iv)  The Company also shall give written notice (an
"Effectiveness Notice") to the Buyer and the Escrow Agent both (x) by fax
transmission or hand delivery and (y) by telephone communication of the
actual Effective Date declared by the SEC no later than noon on the
second business day after such Effective Date.  The fifth (5th) day after
the actual Effective Date, which may be later than the date requested in
the Effectiveness Request, shall be the Additional Closing Date.

               (v) The term "Effectiveness Request" means the Company's
written request to the SEC that the SEC declare the Registration
Statement effective on a specified date; provided, however, that the
Effectiveness Request shall be given only after the SEC has advised the
Company informally, in writing or otherwise that it will respond
favorably to such request.

               (vi)  The closing for the Additional Purchased Shares
shall be conducted upon the same terms and conditions as those applicable
to the Initial Purchased Shares.

               (vii) The Company hereby covenants and agrees that the
Company will issue each of the Additional Closing Date Notice and the
Effectiveness Notice to the Buyer and the Escrow Agent on a timely basis.

          c.   Each closing of the purchase and issuance of Purchased
Shares shall occur on the relevant Closing Date at the offices of the
Escrow Agent and shall take place no later than 3:00 P.M., New York time,

                                 -15-
                                                                 5/14/02
<PAGE>

on such day or such other time as is mutually agreed upon by the Company
and the Buyer.

          d.   Notwithstanding anything to the contrary contained
herein, the Escrow Agent will be authorized to release the Escrow Funds
to the Company and to others and to release the other Escrow Property on
the relevant Closing Date upon satisfaction of the conditions set forth
in Sections 7 and 8 hereof and as provided in the Joint Escrow
Instructions.

          7.   CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.

          The Buyer understands that the Company's obligation to sell
the relevant Securities to the Buyer pursuant to this Agreement on the
relevant Closing Date is conditioned upon:

          a.   The execution and delivery of this Agreement and the
Registration Rights Agreement by the Buyer on or prior to the Initial
Closing Date;

          b.   Delivery by the Buyer to the Escrow Agent of good funds
as payment in full of an amount equal to the relevant Purchase Price for
the Securities in accordance with this Agreement;

          c.   The accuracy on such Closing Date of the representations
and warranties of the Buyer contained in this Agreement, each as if made
on such date (unless another date is specified therein), and the
performance by the Buyer on or before such date (unless another date is
specified therein) of all covenants and agreements of the Buyer required
to be performed on or before such date; and

          d.   There shall not be in effect any law, rule or regulation
prohibiting or restricting the transactions contemplated hereby, or
requiring any consent or approval which shall not have been obtained.

          8.   CONDITIONS TO THE BUYER'S OBLIGATION TO PURCHASE.

          The Company understands that the Buyer's obligation to
purchase the relevant Securities on the relevant Closing Date is
conditioned upon:

                                 -16-
                                                                 5/14/02
<PAGE>

          a.   The execution and delivery of this Agreement, the
Registration Rights Agreement and the other Transaction Agreements by the
Company on or before the Initial Closing Date;

          b.   Delivery by the Company to the Escrow Agent of the
relevant Certificates in accordance with this Agreement;

          c.   The accuracy in all material respects on such Closing
Date of the representations and warranties of the Company contained in
this Agreement, each as if made on such date (unless another date is
specified therein), subject with respect to the Additional Closing Date
to the extent of changes effected by the transactions contemplated by
this Agreement and the other Transaction Agreements, and the performance
by the Company on or before such date (unless another date is specified
therein) of all covenants and agreements of the Company required to be
performed on or before such date;

          d.   On such Closing Date, each of the Transaction Agreements
executed by the Company on or before such date shall be in full force and
effect and the Company shall not be in default thereunder;

          e.   On such Closing Date, the Buyer shall have received an
opinion of counsel for the Company, dated such Closing Date, in form,
scope and substance reasonably satisfactory to the Buyer, substantially
to the effect set forth in Annex II attached hereto;

          f.   There shall not be in effect any law, rule or regulation
prohibiting or restricting the transactions contemplated hereby, or
requiring any consent or approval which shall not have been obtained;

          g.   From and after the date hereof to and including such
Closing Date, trading in securities generally on the Principal Market
shall not have been suspended or limited, nor shall there be any major
outbreak or escalation of hostilities involving the United States or any
material adverse change in any financial market that in either case in
the reasonable judgment of the Buyer makes it impracticable or
inadvisable to purchase the Securities; and

          h.   With respect to the Additional Closing Date,

          (i)  an Additional Closing Date Notice and an Effectiveness
Notice shall have been duly and timely given;

                                 -17-
                                                                 5/14/02
<PAGE>

          (ii)  the Registration Statement shall have been declared
effective by the SEC to cover all Registrable Securities as contemplated
by the Registration Rights Agreement, five (5) days prior to such
Additional Closing Date; and

          (iii)  the representations and warranties of the Company
contained in Section 3 hereof shall be true and correct in all material
respects as if made on the Additional Closing Date (rather than the
Initial Closing Date) and there shall have been no Material Adverse
Effect from the Initial Closing Date through and including the Additional
Closing Date (and an executive officer of the Company shall issue an
Officer's Certificate substantially in the form of Annex VI hereto with
respect thereto; provided, however, that such Officer's Certificate may
update certain information, such as the number of shares of the Company's
stock outstanding, included in Section 3).

          9.   INDEMNIFICATION.

          a.   The Company agrees to indemnify and hold harmless Buyer
and its officers, directors, employees, representatives, and agents, and
each Buyer Control Person (collectively, "Covered Buyers") from and
against any losses, claims, damages, liabilities or expenses (including
reasonable attorneys' fees) incurred (collectively, "Damages"), jointly
or severally, and any action in respect thereof to which a Covered Buyer
becomes subject to, resulting from, arising out of or relating to any
misrepresentation, breach of warranty or nonfulfillment of or failure to
perform any covenant or agreement on the part of Company contained in
this Agreement, as such Damages are incurred, except to the extent such
Damages result primarily from (i) Buyer's failure to perform any covenant
or agreement contained in this Agreement or Buyer's or its officer's,
director's, employee's, agent's or Buyer Control Person's negligence,
recklessness or bad faith in performing its obligations under this
Agreement and (ii) the marketing actions of the Finder not specifically
approved and authorized by the Company, including, without limitation,
the Finder's making any representations and misstatements regarding the
Company not contained in the Company SEC Documents or the Transaction
Agreements.

          b.   If

     (x) the Buyer becomes involved in any capacity in any action,
     proceeding or investigation brought by any stockholder of the
     Company, in connection with or as a result of the consummation
     of the transactions contemplated by this Agreement or the
     other Transaction Agreements, or if the Buyer is impleaded in
     any such action, proceeding or investigation by any Person, or

     (y) the Buyer becomes involved in any capacity in any action,
     proceeding or investigation brought by the SEC, any self-
     regulatory organization or other body having jurisdiction,

                                 -18-
                                                                 5/14/02
<PAGE>

     against or involving the Company or in connection with or as
     a result of the consummation of the transactions contemplated
     by this Agreement or the other Transaction Agreements, or if
     the Buyer is impleaded in any such action, proceeding or
     investigation by any Person,

then in any such case, the Company hereby agrees to indemnify, defend and
hold harmless the Buyer from and against and in respect of all losses,
claims, liabilities, damages or expenses resulting from, imposed upon or
incurred by the Buyer, directly or indirectly, and reimburse such Buyer
for its reasonable legal and other expenses (including the cost of any
investigation and preparation) incurred in connection therewith, as such
expenses are incurred; provided, however, that the provisions of this
Section 9(b) shall not apply to the extent such  losses, claims,
liabilities, damages or expenses result primarily from the marketing
actions of the Finder not specifically approved and authorized by the
Company, including, without limitation, the Finder's making any
representations and misstatements regarding the Company not contained in
the Company SEC Documents or the Transaction Agreements.  The
indemnification and reimbursement obligations of the Company under this
paragraph shall be in addition to any liability which the Company may
otherwise have (other than matters specifically addressed in the
Registration Rights Agreement, which shall be governed solely by that
agreement), shall extend upon the same terms and conditions to any
Covered Buyer who are actually named in such action, proceeding or
investigation, and shall be binding upon and inure to the benefit of any
successors, assigns, heirs and personal representatives of the Company,
the Buyer, any such Covered Buyer. The Company also agrees that neither
the Covered Buyer shall not have any liability to the Company or any
Person asserting claims on behalf of or in right of the Company in
connection with or as a result of the consummation of this Agreement or
the other Transaction Agreements, except as provided in or contemplated
by this Agreement.

          c.   The indemnity agreements in this Section 9 shall apply
with respect to all claims for indemnity made within three (3) years
after the Additional Closing Date; provided, however, that it shall
continue to apply to all Damages relating to or arising out of such claim
even with respect to any portion of the Damages which were incurred or
accrued or otherwise relate to periods after the third anniversary of the
Additional Closing Date.

          d.   The indemnity agreements contained herein shall be in
addition to (i) any cause of action or similar rights of the indemnified
party against the indemnifying party or others, and (ii) any liabilities
the indemnifying party may be subject to.

          10.  JURY TRIAL WAIVER.   The Company and the Buyer hereby
waive a trial by jury in any action, proceeding or counterclaim brought
by either of the Parties hereto against the other in respect of any
matter arising out of or in connection with the Transaction Agreements.

          11.  GOVERNING LAW; MISCELLANEOUS.

          a.   This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Delaware for contracts to be
wholly performed in such state and without giving effect to the

                                 -19-
                                                                 5/14/02
<PAGE>

principles thereof regarding the conflict of laws.  To the extent
determined by such court, the losing Party shall reimburse the successful
Party for any reasonable legal fees and disbursements incurred by the
successful Party in enforcement of or protection of any of its rights or
defense of its actions under any of the Transaction Agreements.

          b.   Failure of any party to exercise any right or remedy
under this Agreement or otherwise, or delay by a party in exercising such
right or remedy, shall not operate as a waiver thereof.

          c.   This Agreement shall inure to the benefit of and be
binding upon the successors and permitted assigns of each of the parties
hereto.

          d.   All pronouns and any variations thereof refer to the
masculine, feminine or neuter, singular or plural, as the context may
require.

          e.   A facsimile transmission of this signed Agreement shall
be legal and binding on all parties hereto.

          f.   This Agreement may be signed in one or more counterparts,
each of which shall be deemed an original.

          g.   The headings of this Agreement are for convenience of
reference and shall not form part of, or affect the interpretation of,
this Agreement.

          h.   If any provision of this Agreement shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this
Agreement or the validity or enforceability of this Agreement in any
other jurisdiction.

           i.  This Agreement may be amended only by an instrument in
writing signed by the party to be charged with enforcement thereof.

          j.   In no event, except as specifically contemplated by the
terms of any of the Transaction Agreements, shall either party be liable
under any of the Transaction Agreements or otherwise for any
consequential, incidental, indirect, punitive or special damages of any
nature whatsoever (including, without limitation, any damages arising out
of or in connection with any loss of profit, loss of business or
anticipatory profits), even if the other party has been advised of the
likelihood of such damages occurring to the non-defaulting party.  The
provisions of this Section 9(j) shall not limit the direct obligations
of either party to the other party pursuant to a specific provision of
any of the Transaction Agreements.

                                 -20-
                                                                 5/14/02
<PAGE>

          k.   This Agreement supersedes all prior agreements and
understandings among the parties hereto with respect to the subject
matter hereof.

          12.  NOTICES.  Any notice required or permitted hereunder
shall be given in writing (unless otherwise specified herein) and shall
be deemed effectively given on the earliest of

               (a) the date delivered, if delivered by personal delivery as
          against written receipt therefor or by confirmed facsimile
          transmission,

               (b) the seventh business day after deposit, postage prepaid,
          in the United States Postal Service by registered or certified
          mail, or

               (c) the third business day after mailing by international
          express courier, with delivery costs and fees prepaid,

in each case, addressed to each of the other parties entitled to notice
at the following addresses (or at such other addresses as such party may
designate by ten (10) days' advance written notice similarly given to
each of the other parties hereto):

COMPANY:            EAGLE SUPPLY GROUP, INC.
                    122 East 42nd Street, Suite 1116
                    New York, NY 10168
                    ATTN: Douglas P. Fields
                    Telephone No.: (212) 986-6190
                    Telecopier No.: (212) 972-0326

with a copy to:     Richard A. Denmon, Esq.
                    Carlton Fields, P.A.
                    One Harbour Place
                    777 South Harbour Island Boulevard
                    Tampa, FL 33602-5730
                    Telephone No.: (813) 223-7000
                    Telecopier No.: (813) 229-4133

                                 -21-
                                                                 5/14/02
<PAGE>

BUYER:  At the address set forth on the signature page of this Agreement.

and with a copy to: Krieger & Prager llp
                    39 Broadway
                    Suite 1440
                    New York, NY 10006
                    Attn: Ronald Nussbaum, Esq.
                    New York, New York 10016
                    Telephone No.: (212) 363-2900
                    Telecopier No.  (212) 363-2999

ESCROW AGENT:       Krieger & Prager llp, Esqs.
                    39 Broadway
                    Suite 1440
                    New York, NY 10006
                    Attn: Samuel Krieger, Esq.
                    New York, New York 10016
                    Telephone No.: (212) 363-2900
                    Telecopier No.  (212) 363-2999

          13.  SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The Company's
and the Buyer's representations and warranties herein shall survive the
execution and delivery of this Agreement and the delivery of the
Certificates and the payment of the Purchase Price until third
anniversary of the later of the Initial Closing Date or the Additional
Closing Date, and shall inure to the benefit of the Buyer and the Company
and their respective successors and assigns.

               [BALANCE OF PAGE INTENTIONALLY LEFT BLANK]

                                 -22-
                                                                 5/14/02
<PAGE>

     IN WITNESS WHEREOF, this Agreement has been duly executed by the
Buyer, if an individual, or, if Buyer is an entity, by one of its
officers or signatories thereunto duly authorized, as of the date set
forth below.

BUYER'S PURCHASED SHARES:                                    363,636
                                                          -------------

@ $2.75 PER SHARE =
AGGREGATE PURCHASE PRICE OF
BUYER'S PURCHASED SHARES:                                 $1,000,000.00
                                                          -------------

                          SIGNATURES FOR BUYERS

     IN WITNESS WHEREOF, the undersigned has executed (or if an entity
has caused) this Securities Purchase Agreement to be duly executed on
behalf of the undersigned this ___13th___ day of ___May___,2002.

                                     SEAWAY HOLDINGS LTD.
_____________________________        ----------------------------------
Address                              Printed Name of Subscriber
_____________________________
                                     By:  /s/CB Williams
                                        -------------------------------
Telecopier No._______________          (Signature of Authorized Person)

                                     INTERNATIONAL FIRST SECRETARIAL
                                     GROUP LTD - DIRECTOR/SECRETARY
                                     ----------------------------------
                                     Printed Name and Title
_____________________________
Jurisdiction of Incorporation
or Organization

_____________________________
Social Security No. or
IRS ID No. (if applicable)

As of the date set forth below, the undersigned hereby accepts this
Agreement and represents that the foregoing statements are true and
correct and that it has caused this Securities Purchase Agreement to be
duly executed on its behalf.

EAGLE SUPPLY GROUP, INC.

By:      /s/Frederick M. Friedman
         -----------------------------

Name:    Frederick M. Friedman
         -----------------------------

Title:   Exec. VP
         -----------------------------

Date:    _______5-15____________, 2002

<PAGE>

     IN WITNESS WHEREOF, this Agreement has been duly executed by the
Buyer, if an individual, or, if Buyer is an entity, by one of its
officers or signatories thereunto duly authorized, as of the date set
forth below.

BUYER'S PURCHASED SHARES:                                    254,545
                                                          -------------

@ $2.75 PER SHARE =
AGGREGATE PURCHASE PRICE OF
BUYER'S PURCHASED SHARES:                                 $  700,000
                                                          -------------

                          SIGNATURES FOR BUYERS

     IN WITNESS WHEREOF, the undersigned has executed (or if an entity
has caused) this Securities Purchase Agreement to be duly executed on
behalf of the undersigned this __________ day of _________,2002.

                                     Alpha Capital AG
_____________________________        ----------------------------------
Address                              Printed Name of Subscriber
_____________________________
                                     By:  /s/Konrad Ackerman
                                        -------------------------------
Telecopier No._______________          (Signature of Authorized Person)

                                     Konrad Ackerman
                                     ----------------------------------
                                     Printed Name and Title
_____________________________
Jurisdiction of Incorporation        * c/o L.H. Financial
or Organization                        160 Central Park South
                                       Suite 2701
_____________________________          New York, NY  10019
Social Security No. or
IRS ID No. (if applicable)

As of the date set forth below, the undersigned hereby accepts this
Agreement and represents that the foregoing statements are true and
correct and that it has caused this Securities Purchase Agreement to be
duly executed on its behalf.

EAGLE SUPPLY GROUP, INC.

By:      /s/Frederick M. Friedman
         -----------------------------

Name:    Frederick M. Friedman
         -----------------------------

Title:   Exec. VP
         -----------------------------

Date:    _______5-15____________, 2002

<PAGE>

     IN WITNESS WHEREOF, this Agreement has been duly executed by the
Buyer, if an individual, or, if Buyer is an entity, by one of its
officers or signatories thereunto duly authorized, as of the date set
forth below.

BUYER'S PURCHASED SHARES:                                    254,545
                                                          -------------

@ $2.75 PER SHARE =
AGGREGATE PURCHASE PRICE OF
BUYER'S PURCHASED SHARES:                                 $  699,988.75
                                                          -------------

                          SIGNATURES FOR BUYERS

     IN WITNESS WHEREOF, the undersigned has executed (or if an entity
has caused) this Securities Purchase Agreement to be duly executed on
behalf of the undersigned this ___14th___ day of ___May___,2002.

                                     STONESTREET LP
_____________________________        ----------------------------------
Address                              Printed Name of Subscriber
_____________________________
                                     By:  /s/E.A. Leonard
                                        -------------------------------
Telecopier No._______________          (Signature of Authorized Person)

                                     E.A. Leonard, Director
                                     ----------------------------------
                                     Printed Name and Title
_____________________________
Jurisdiction of Incorporation
or Organization

_____________________________
Social Security No. or
IRS ID No. (if applicable)

As of the date set forth below, the undersigned hereby accepts this
Agreement and represents that the foregoing statements are true and
correct and that it has caused this Securities Purchase Agreement to be
duly executed on its behalf.

EAGLE SUPPLY GROUP, INC.

By:      /s/Frederick M. Friedman
         -----------------------------

Name:    Frederick M. Friedman
         -----------------------------

Title:   Exec. VP
         -----------------------------

Date:    _______5-15____________, 2002

<PAGE>

     IN WITNESS WHEREOF, this Agreement has been duly executed by the
Buyer, if an individual, or, if Buyer is an entity, by one of its
officers or signatories thereunto duly authorized, as of the date set
forth below.

BUYER'S PURCHASED SHARES:                                    145,455
                                                          -------------

@ $2.75 PER SHARE =
AGGREGATE PURCHASE PRICE OF
BUYER'S PURCHASED SHARES:                                 $  400,000
                                                          -------------

                          SIGNATURES FOR BUYERS

     IN WITNESS WHEREOF, the undersigned has executed (or if an entity
has caused) this Securities Purchase Agreement to be duly executed on
behalf of the undersigned this ___14th___ day of ___May___,2002.

                                     Bristol Investment Fund, Ltd.
_____________________________        ----------------------------------
Address                              Printed Name of Subscriber
_____________________________
                                     By:  /s/Paul Kessler
                                        -------------------------------
Telecopier No._______________          (Signature of Authorized Person)

                                     Paul Kessler
                                     ----------------------------------
                                     Printed Name and Title
_____________________________
Jurisdiction of Incorporation
or Organization

_____________________________
Social Security No. or
IRS ID No. (if applicable)

As of the date set forth below, the undersigned hereby accepts this
Agreement and represents that the foregoing statements are true and
correct and that it has caused this Securities Purchase Agreement to be
duly executed on its behalf.

EAGLE SUPPLY GROUP, INC.

By:      /s/Frederick M. Friedman
         -----------------------------

Name:    Frederick M. Friedman
         -----------------------------

Title:   Exec. VP
         -----------------------------

Date:    _______5-15____________, 2002

<PAGE>

     IN WITNESS WHEREOF, this Agreement has been duly executed by the
Buyer, if an individual, or, if Buyer is an entity, by one of its
officers or signatories thereunto duly authorized, as of the date set
forth below.

BUYER'S PURCHASED SHARES:                                     72,728
                                                          -------------

@ $2.75 PER SHARE =
AGGREGATE PURCHASE PRICE OF
BUYER'S PURCHASED SHARES:                                 $  200,000
                                                          -------------

                          SIGNATURES FOR BUYERS

     IN WITNESS WHEREOF, the undersigned has executed (or if an entity
has caused) this Securities Purchase Agreement to be duly executed on
behalf of the undersigned this ___14th___ day of ___May___,2002.

                                     HAA, Inc.
_____________________________        ----------------------------------
Address                              Printed Name of Subscriber
_____________________________
                                     By:  /s/Aron Langsam
                                        -------------------------------
Telecopier No._______________          (Signature of Authorized Person)

                                     Aron Langsam
                                     ----------------------------------
                                     Printed Name and Title
_____________________________
Jurisdiction of Incorporation
or Organization

_____________________________
Social Security No. or
IRS ID No. (if applicable)

As of the date set forth below, the undersigned hereby accepts this
Agreement and represents that the foregoing statements are true and
correct and that it has caused this Securities Purchase Agreement to be
duly executed on its behalf.

EAGLE SUPPLY GROUP, INC.

By:      /s/Frederick M. Friedman
         -----------------------------

Name:    Frederick M. Friedman
         -----------------------------

Title:   Exec. VP
         -----------------------------

Date:    _______5-15____________, 2002

<PAGE>[EXHIBIT 4.4]

                  REGISTRATION RIGHTS AGREEMENT

          THIS REGISTRATION RIGHTS AGREEMENT, dated as of May  15, 2002
(this "Agreement"), is made by and between EAGLE SUPPLY GROUP, INC.,
a Delaware corporation (the "Company"), and each entity named on a
signature page hereto (each, an "Initial Investor") (each agreement with
an Initial Investor being deemed a separate and independent agreement
between the Company and such Initial Investor, except that each Initial
Investor acknowledges and consents to the rights granted to each other
Initial Investor under such agreement).

                       W I T N E S S E T H:

          WHEREAS, upon the terms and subject to the conditions of the
Securities Purchase Agreement, dated as of May 15, 2002, between the
Initial Investor and the Company (the "Securities Purchase Agreement;"
capitalized terms not otherwise defined herein shall have the meanings
ascribed to them in the Securities Purchase Agreement), the Company has
agreed to issue and sell to the Initial Investors the Purchased Shares;
and

          WHEREAS, the Company has agreed to issue the Warrants to the
Initial Investor in connection with the issuance of the Purchased Shares,
and the Warrant Shares may be issued upon the exercise of the Warrants;
and

          WHEREAS, to induce the Initial Investor to execute and deliver
the Securities Purchase Agreement, the Company has agreed to provide
certain registration rights under the Securities Act of 1933, as amended,
and the rules and regulations thereunder, or any similar successor
statute (collectively, the "Securities Act"), with respect to the
Registrable Securities;

          NOW, THEREFORE, in consideration of the premises and the
mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Initial Investor hereby agree as
follows:

          1.   Definitions.   As used in this Agreement, the following
terms shall have the following meanings:

          (a)  "Company Counsel" means Carlton Fields, P.A.

          (b)  "Effective Date" means the date the SEC declares a
Registration Statement covering Registrable Securities and otherwise
meeting the conditions contemplated hereby to be effective under the
Securities Act.

<PAGE>                             1

          (c)  "Investor" means the Initial Investor and any permitted
transferee or assignee who agrees to become bound by the provisions of
this Agreement in accordance with Section 9 hereof and who holds
Purchased Shares, Warrants or Warrant Shares.

          (d)  "Permitted Suspension Period" means up to two (2)
suspension periods contemplated by Section 3(h) hereof during any
consecutive 12-month period, each of which suspension period shall not
either (i) be for

     (x) if such suspension period commences on a date which is not
     more than one hundred twenty (120) days after the Effective
     Date (even if it continues beyond such 120 days), more than
     ten (10) days, or

     (y) if such suspension period commences on date which is more
     than one hundred twenty  (120) days after the Effective Date,
     more than forty-five (45) days, or

(ii) begin less than ten (10) business days after the last day of the
preceding suspension (whether or not such last day was during or after
a Permitted Suspension Period); provided further that the Company shall,
if lawful to do so, provide the Investor and Investors' Counsel (as
defined below) with at least two (2) business days' notice of the
existence (but not the substance of) a Potential Material Event.

          (e)  "Potential Material Event" means any of the following:
(i) the existence of material information relating to the Company, and
the knowledge thereof by the Company, where the Board of Directors of the
Company determines, in the reasonable exercise of its judgment, exercised
in good faith, that the disclosure of such information, whether in the
Registration Statement or by means of any other public disclosure, would
be detrimental to the business and affairs of the Company or (ii) any
material engagement, activity or transaction involving the Company or its
subsidiaries which would, in the good faith determination of the Board
of Directors of the Company, be adversely affected by disclosure in a
registration statement at such time; in each case where such
determination shall be accompanied by a good faith determination by the
Board of Directors of the Company that the Registration Statement would
be materially misleading absent the inclusion of such information.

          (f)  "Register," "Registered," and "Registration" refer to a
registration effected by preparing and filing a Registration Statement
or Registration Statements in compliance with the Securities Act and, in
particular, pursuant to Rule 415 under the Securities Act or any
successor rule providing for offering securities on a continuous basis
("Rule 415"), and the declaration or ordering of effectiveness of such
Registration Statement by the United States Securities and Exchange
Commission (the "SEC").

          (g)  "Registrable Securities" means the Purchased Shares and
the Warrant Shares; provided, however, that any of the foregoing (i)
which are sold pursuant to an effective Registration Statement or (ii)

<PAGE>                             2                      5/14/02

which are eligible to be sold pursuant to Rule 144(k) shall no longer be
deemed Registrable Securities.

          (h)  "Registration Statement" means a registration statement
of the Company under the Securities Act covering Registrable Securities
on Form S-3.

          (i)  "Restricted Sale Date" means the first date, other than
a date during a Permitted Suspension Period, on which the Investor is
restricted from making sales of Registrable Securities covered by any
previously effective Registration Statement.

          2.   Registration.

          (a)  Mandatory Registration.

          (i)  The Company shall use commercially reasonable efforts to
prepare and file with the SEC, as soon as possible after the Initial
Closing Date but no later than sixty (60) days after the Initial Closing
Date (the "Required Filing Date"), either a Registration Statement or an
amendment to an existing Registration Statement, in either event
registering for resale by the Investor a sufficient number of shares of
Common Stock for the Initial Investors to sell the Registrable
Securities, but in no event less than 1,200,000 shares (assuming for such
purposes that all the Purchased Shares and all the Warrants had been
issued, that all the Warrants were fully exercisable without regard to
any limitations as to the timing, amount or other conditions of their
exercise, if any, and had been exercised for the Warrant Shares in
accordance with their terms, whether or not such issuance, eligibility
or exercise had in fact occurred as of such date).

          (ii) Unless otherwise specifically agreed to in writing in
advance by the Investor, the Registration Statement: (W) shall include
only (1) the Registrable Securities, (2) the shares issuable on exercise
of warrants issued to the Finder, and (3) shares subject to warrants
issued and outstanding prior to the date of this Agreement as provided
in Exhibit A annexed hereto, and (X) shall also state that, in accordance
with Rule 416 and 457 under the Securities Act, it also covers such
indeterminate number of additional shares of Common Stock on account of
the Purchased Shares or the Warrant Shares or upon exercise of the
Warrants to prevent dilution resulting from stock splits or stock
dividends or similar capital adjustments.

          (iii)     The Company will use commercially reasonable
efforts to cause such Registration Statement to be declared effective on
a date (the "Required Effective Date") which is no later than the earlier
of (X) five (5) days after oral or written notice by the SEC that it may
be declared effective or (Y) one hundred fifty (150) days after the
Initial Closing Date.

          (iv) The aggregate number of shares registered for the
Investors in the Registration Statement or amendment thereto shall be
allocated among the Investors on a pro rata basis among them according
to their relative Registrable Shares included in such Registration
Statement.

<PAGE>                             3                      5/14/02

          (b)  Filing Efforts; Delayed Effectiveness.

          (i)  If the Registration Statement covering the Registrable
Securities is not filed in proper form with the SEC by the Required
Filing Date and, as of that date or any subsequent date, the Company has
not consistently used commercially reasonable efforts to file the
Registration Statement in such form, the Investor may pursue such rights
and remedies as the Investor may have against the Company.

          (ii) If, for any reason, the Registration Statement covering
the Registrable Securities is not effective by the relevant Required
Effective Date, (x)  the Company shall pay to the Investor within ten
(10) days of the Investor's written demand therefor an amount equal to
five percent (5%) of the Purchase Price paid for the Initial Purchased
Shares, which amount shall be payable by wire transfer of immediately
available funds to an account designated by the Investor in such notice,
(y) the Investor will be under no further obligation to purchase the
Additional Purchased Shares and, (z) if the Investor determines that the
Company has not consistently used commercially reasonable efforts to
cause such Registration Statement to be declared effective by such date
or any subsequent date, the Investor may pursue such other rights and
remedies as the Investor may have against the Company.  The parties
acknowledge that the damages which may be incurred by the Investor if the
Registration Statement is not declared effective by the Required
Effective Date may be difficult to ascertain.  The parties agree that the
provisions of this Section 2(b)(iii)(x) represent a reasonable estimate
on the part of the parties, as of the date of this Agreement, of the
minimum amount of such damages.

          (iii)     If there is a Restricted Sale Date, the Investor
may pursue such rights and remedies as the Investor may have against the
Company.

          3.   Obligations of the Company.  In connection with the
registration of the Registrable Securities, the Company shall do each of
the following:

          (a)  Prepare and file with the SEC, by the Required Filing
Date, a Registration Statement with respect to not less than the number
of Registrable Securities provided in Section 2(a) above, and thereafter
use commercially reasonable efforts to cause such Registration Statement
relating to Registrable Securities to become effective by the Required
Effective Date and keep the Registration Statement effective at all times
during the period (the "Registration Period") continuing until the
earlier of (i) the date when the Investors may sell all Purchased Shares
under Rule 144 without volume or other restrictions or limitations or
(ii) the date the Investors no longer own any of the Registrable
Securities or any Warrants, which Registration Statement (including any
amendments or supplements thereto and prospectuses contained therein)
shall not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances in which they were
made, not misleading, except that the Company has no such obligation to
an Investor with respect to information contained in the Registration
Statement or omitted therefrom in reliance on and in conformity with

<PAGE>                             4                      5/14/02

information furnished to the Company by or on behalf of such Investor
specifically for use therein;

          (b)  Prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to the Registration Statement
and the prospectus used in connection with the Registration Statement as
may be necessary to keep the Registration Statement effective at all
times during the Registration Period, and, during the Registration
Period, comply with the provisions of the Securities Act with respect to
the disposition of all Registrable Securities of the Company covered by
the Registration Statement;

          (c)  Permit a single firm of counsel designated by the Initial
Investors (which, until further notice, shall be deemed to be Krieger &
Prager llp, Attn: Samuel Krieger, Esq., which firm has requested to
receive such notification; each, an "Investors' Counsel") to review the
Registration Statement and all amendments and supplements thereto a
reasonable period of time (but not less than three (3) business days)
prior to their filing with the SEC, and not file any document in a form
to which such counsel reasonably objects;

          (d)  Notify the Investors' Counsel, if any (and if none, each
Investor) and any managing underwriters immediately (and, in the case of
(i)(A) below, not less than three (3) business days prior to such filing)
and (if requested by any such person) confirm such notice in writing no
later than one (1) business day following the day: (i)(A) when a
prospectus or any prospectus supplement or post-effective amendment to
the Registration Statement is proposed to be filed; (B) whenever the SEC
notifies the Company whether there will be a "review" of such
Registration Statement; (C) whenever the Company receives (or a
representative of the Company receives on its behalf) any oral or written
comments from the SEC in respect of a Registration Statement (copies or,
in the case of oral comments, summaries of such comments shall be
promptly furnished in electronic or paper format by the Company to the
Investors' Counsel); and (D) with respect to the Registration Statement
or any post-effective amendment, when the same has become effective; (ii)
of any request by the SEC or any other Federal or state governmental
authority for amendments or supplements to the Registration Statement or
Prospectus or for additional information; (iii) of the issuance by the
SEC of any stop order suspending the effectiveness of the Registration
Statement covering any or all of the Registrable Securities or the
initiation of any proceedings for that purpose; (iv) of the receipt by
the Company of any notification with respect to the suspension of the
qualification or exemption from qualification of any of the Registrable
Securities for sale in any jurisdiction, or the initiation or threatening
of any proceeding for such purpose; and (v) of the occurrence of any
event that to the best knowledge of the Company makes any statement made
in the Registration Statement or Prospectus or any document incorporated
or deemed to be incorporated therein by reference untrue in any material
respect or that requires any revisions to the Registration Statement,
Prospectus or other documents so that, in the case of the Registration
Statement or the Prospectus, as the case may be, it will not contain any
untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements
therein, in  light of the circumstances under which they were made, not
misleading;

<PAGE>                             5                      5/14/02

          (e)  Furnish (in electronic or paper format) (i) to the
Investors' Counsel promptly after the same is prepared and publicly
distributed, filed with the SEC, or received by the Company, one (1) copy
of the Registration Statement, each preliminary prospectus and the final
prospectus, each amendment or supplement thereto, and all correspondence
to, with, or from the SEC, and (ii) to each Investor and to Investors'
Counsel, such number of copies of a prospectus, and all amendments and
supplements thereto and such other documents, as such Investor may
reasonably request in order to facilitate the disposition of the
Registrable Securities owned by such Investor;

          (f)  Upon the occurrence of an event referred to in Section
3(d)(v), use commercially reasonable efforts promptly to prepare a
supplement or amendment to the Registration Statement or other
appropriate filing with the SEC to correct such untrue statement or
omission, and deliver a number of copies of such supplement or amendment
to each Investor or the Investors' Counsel as such Investor may
reasonably request;

          (g)  As promptly as practicable after becoming aware thereof,
notify each Investor who holds Registrable Securities being sold (or, in
the event of an underwritten offering, the managing underwriters) and
Investors' Counsel of the issuance by the SEC of a Notice of
Effectiveness or any notice of effectiveness or any stop order or other
suspension of the effectiveness of the Registration Statement at the
earliest possible time;

          (h)  Notwithstanding the foregoing, if at any time or from
time to time after the date of effectiveness of the Registration
Statement, the Company notifies the Investors and the Investors' Counsel
in writing of the existence of a Potential Material Event, the Investors
shall not offer or sell any Registrable Securities, or engage in any
other transaction involving or relating to the Registrable Securities,
from the time of the giving of notice with respect to a Potential
Material Event until such Investor receives written notice from the
Company that such Potential Material Event either has been disclosed to
the public or no longer constitutes a Potential Material Event; provided,
however, that the Company may not so suspend the right to such holders
of Registrable Securities during the periods the Registration Statement
is required to be in effect other than during a Permitted Suspension
Period;

          (i)  Use commercially reasonable efforts to secure and
maintain the designation of all the Registrable Securities covered by the
Registration Statement on the Principal Trading Market within the meaning
of Rule 11Aa2-1 of the SEC under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the quotation of the Registrable
Securities on the Principal Trading Market.

          (j)  Provide a transfer agent ("Transfer Agent") and
registrar, which may be a single entity, for the Registrable Securities
not later than the initial Effective Date.

          (k)  Cooperate with the Investors who hold Registrable
Securities being offered to facilitate the timely preparation and
delivery of certificates for the Registrable Securities to be offered
pursuant to the Registration Statement and enable such certificates for

<PAGE>                             6                      5/14/02

the Registrable Securities to be in such denominations or amounts as the
case may be, as the Investors may reasonably request, and, within three
(3) business days after a Registration Statement which includes
Registrable Securities is ordered effective by the SEC, the Company shall
deliver, and shall cause legal counsel selected by the Company to
deliver, to the Transfer Agent for the Registrable Securities (with
copies to the Investors whose Registrable Securities are included in such
Registration Statement) an appropriate instruction and opinion of such
counsel, which shall include, without limitation, directions to the
Transfer Agent to issue certificates for transferred Registrable
Securities without legends or other restrictions when transferred by the
Investor pursuant to the prospectus included in the Registration
Statement; and

          (l)  Take all other reasonable actions necessary to expedite
and facilitate disposition by the Investor of the Registrable Securities
pursuant to the Registration Statement.

          4.   Obligations of the Investors.  In connection with the
registration of the Registrable Securities, each Investor shall have the
following obligations:

          (a)  Each Investor, by such Investor's acceptance of the
Registrable Securities, agrees to cooperate with the Company as
reasonably requested by the Company in connection with the preparation
and filing of the Registration Statement hereunder, unless such Investor
has notified the Company in writing of such Investor's written election
to exclude all of such Investor's Registrable Securities from the
Registration Statement (in which event the Company shall not be obligated
to include such Investor's Registrable Securities in the Registration
Statement, but the provisions of Section 9(b) hereof shall apply); and

          (b)  Each Investor agrees that, upon receipt of any notice
from the Company of the happening of any event of the kind described in
Section 3(d)(v) or 3(g), above, such Investor will immediately
discontinue disposition of Registrable Securities pursuant to the
Registration Statement covering such Registrable Securities until such
Investor's receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(d)(v) or 3(g) and, if so directed
by the Company, such Investor shall deliver to the Company (at the
expense of the Company) or destroy (and deliver to the Company a
certificate of destruction) all copies in such Investor's possession, of
the prospectus covering such Registrable Securities current at the time
of receipt of such notice.

          5.   Expenses of Registration.   All reasonable expenses (other
than underwriting discounts and commissions or other similar fees or
expenses of the Investor) incurred in connection with registrations,
filings or qualifications pursuant to Section 3, but including, without
limitation, all registration, listing, and qualifications fees, printers
and accounting fees, the fees and disbursements of counsel for the
Company shall be borne by the Company.  In addition, a fee for a single
counsel for the Investors (as a group and not individually) equal to
$2,250 for the review of each Registration Statement and $1,000 for each
post-effective amendment to a Registration Statement, shall be borne by
the Company, except to the extent that such amendment is required
exclusively due to the action or inaction taken or omitted by or on
behalf of an Investor.

<PAGE>                             7                      5/14/02

          6.   Indemnification.    After Registrable Securities are
included in a Registration Statement under this Agreement:

          (a)  To the extent permitted by law, the Company will
indemnify and hold harmless, the Investor, the directors, if any, of such
Investor, the officers, if any, of such Investor, and each Investor
Control Person, as defined below (each, an "Indemnified Party"), against
any losses, claims, damages, liabilities or expenses (joint or several)
incurred (collectively, "Claims") to which any of them may become subject
under the Securities Act, the Exchange Act or otherwise, insofar as such
Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon (i) any untrue statement
or alleged untrue statement of a material fact contained in the
Registration Statement or any post-effective amendment thereof in which
any of such Registrable Securities are registered under the Securities
Act or any final prospectus (as amended or supplemented, if the Company
files any amendment thereof or supplement thereto with the SEC) included
therein or the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements
therein not misleading, or (ii) any violation or alleged violation by the
Company of the Securities Act, the Exchange Act, any state securities law
or any rule or regulation under the Securities Act, the Exchange Act or
any state securities law as it relates to the registration of the
Registrable Securities under such laws or any matter contemplated by the
preceding clause (i) of this sentence (the matters in the foregoing
clauses (i) and (ii) being collectively referred to as  "Violations").
Subject to clause (b) of this Section 6, the Company shall reimburse the
Investor, promptly as such expenses are incurred and are due and payable,
for any reasonable legal fees or other reasonable expenses incurred by
them in connection with investigating or defending any such Claim.
Notwithstanding anything to the contrary contained herein, the
indemnification agreement contained in this Section 6(a) shall not (i)
apply to any Claims arising out of or based upon a Violation which occurs
in reliance upon and in conformity with information furnished in writing
to the Company by or on behalf of any Indemnified Party expressly for use
in connection with the preparation of the Registration Statement or any
such amendment thereof or supplement thereto, if such prospectus was
timely made available by the Company pursuant to Section 3(b) hereof or
if the Investor did not act in a manner consistent with the provisions
of Section 4(b) hereof; (ii) be available to the extent such Claim is
based on a failure of the Investor to deliver or cause to be delivered
the prospectus made available by the Company; or (iii) apply to amounts
paid in settlement of any Claim if such settlement is effected without
the prior written consent of the  Company, which consent shall not be
unreasonably withheld.  The Investor will indemnify the Company, its
officers, directors and agents (including legal counsel) (each an
"Indemnified Party") against any claims arising out of or based upon a
Violation which occurs in reliance upon and in conformity with
information furnished or, if required to be provided by the Investor,
failed to be furnished  in writing to the Company, by or on behalf of
such Investor, expressly for use in connection with the preparation of
the Registration Statement, subject to such limitations and conditions
set forth in this Section 6.  Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of the
Indemnified Party, and shall survive the offering and transfer of the
Registrable Securities by the Investor.

<PAGE>                             8                      5/14/02

          (b)  Promptly after receipt by an Indemnified Party under this
Section 6 of notice of the commencement of any action (including any
governmental action), such Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section
6, deliver to the indemnifying party a written notice of the commencement
thereof and the indemnifying party shall have the right to participate
in, and, to the extent the indemnifying party so desires, jointly with
any other indemnifying party similarly noticed, to assume control of the
defense thereof with counsel mutually satisfactory to the indemnifying
party and the Indemnified Party, as the case may be; provided, however,
that an Indemnified Party shall have the right to retain its own counsel
with the reasonable fees and expenses to be paid by the indemnifying
party, if, in the reasonable opinion of counsel retained by the
indemnifying party, the representation by such counsel of the Indemnified
Party and the indemnifying party would be inappropriate due to actual or
potential differing interests between such Indemnified Party and any
other party represented by such counsel in such proceeding.  The failure
to deliver written notice to the indemnifying party within a reasonable
time of the commencement of any such action shall not relieve such
indemnifying party of any liability to the Indemnified Party under this
Section 6, except to the extent that the indemnifying party is prejudiced
in its ability to defend such action.  The indemnification required by
this Section 6 shall be made by periodic payments of the amount thereof
during the course of the investigation or defense, as such expense, loss,
damage or liability is incurred and is due and payable.

          (c)  The term "Investor Control Person" means  each director,
executive officer, promoter, and such other Persons as may be deemed in
control of the Investor pursuant to Section 15 of the Securities Act or
Section 20 of the Exchange Act..

          7.   Contribution.  To the extent any indemnification by an
Indemnifying Party is unavailable to an Indemnified Party, then the
Indemnifying Party shall contribute the amount paid or payable by the
Indemnified Party as a result of such Claim in such proportion as is
appropriate to reflect not only the relative benefits received by the
Indemnified Party and the Indemnifying Party, but also the relative fault
of the Indemnified Party and the Indemnifying Party, as well as any other
relevant equitable considerations.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any person who was not guilty
of such fraudulent misrepresentation.

          8.   Reports under Securities Act and Exchange Act.  With a
view to making available to the Investor the benefits of Rule 144
promulgated under the Securities Act or any other similar rule or
regulation of the SEC that may at any time permit Investor to sell
securities of the Company to the public without Registration ("Rule
144"), the Company agrees to:

          (a)  make and keep public information available, as those
terms are understood and defined in Rule 144;

          (b)  file with the SEC in a timely manner all reports and
other documents required of the Company under the Securities Act and the
Exchange Act;

<PAGE>                             9                      5/14/02

          (c)  furnish to the Investor so long as the Investor owns
Registrable Securities, promptly upon request, (i) a written statement
by the Company that it has complied with the reporting requirements of
Rule 144, the Securities Act and the Exchange Act, (ii) if not available
on the SEC's EDGAR system, a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by
the Company and (iii) such other information as may be reasonably
requested to permit the Investor to sell the Registrable Securities
pursuant to Rule 144 without Registration; and

          (d)  at the request of any Investor, give its Transfer Agent
irrevocable instructions (supported by an opinion of Company counsel, if
required or requested by the Transfer Agent) to the effect that, upon the
Transfer Agent's receipt from such Investor and/or the Company of

     (i) a certificate (a "Rule 144 Certificate") certifying (A)
     that the Investor's holding period (as determined in
     accordance with the provisions of Rule 144) for the shares of
     Registrable Securities which the Investor proposes to sell
     (the "Securities Being Sold") is not less than (1) year and
     (B) as to such other matters as may be appropriate in
     accordance with Rule 144 under the Securities Act, and

     (ii) an opinion of counsel issued by Company Counsel or, if
     not given by Company Counsel, other counsel acceptable to the
     Company (for which purposes it is agreed that the initial
     Investors' Counsel shall be deemed acceptable counsel) that,
     based on the Rule 144 Certificate, Securities Being Sold may
     be sold pursuant to the provisions of Rule 144, even in the
     absence of an effective Registration Statement,

the Transfer Agent is to effect the transfer of the Securities Being Sold
and issue to the buyer(s) or transferee(s) thereof one or more stock
certificates representing the transferred Securities Being Sold without
any restrictive legend and without recording any restrictions on the
transferability of such shares on the Transfer Agent's  books and records
(except to the extent any such legend or restriction results from facts
other than the identity of the Investor, as the seller or transferor
thereof, or the status, including any relevant legends or restrictions,
of the shares of the Securities Being Sold while held by the Investor).
If the Transfer Agent reasonably requires any additional documentation
at the time of the transfer, the Company shall deliver or cause to be
delivered all such reasonable additional documentation within the control
of the Company (the Company's officers, directors, agents and counsel
being deemed within such control for purposes of this provision) as may
be necessary to effectuate the issuance of an unlegended certificate.

          9.   Assignment of the Registration Rights; Piggy-back
Registration Rights.

          (a)  The rights to have the Company register Registrable
Securities pursuant to this Agreement shall be automatically assigned by
the Investors to any transferee of the Registrable Securities only if the
Company is, within five (5) business days after such transfer or

<PAGE>                             10                     5/14/02

assignment, furnished with written notice of (i) the name and address of
such transferee or assignee and (ii) the securities with respect to which
such registration rights are being transferred or assigned.

          (b)  (i)  If a Holder elects not to include some or all of
the Holder's Registrable Securities in the Registration Statement (the
Registrable Securities of the Holder not included in the Registration
Statement being collectively referred to as the "Remaining Registrable
Securities"), then, at any time thereafter, the Holder shall have piggy-
back registration rights with respect to the Remaining Registrable Shares
then held by the Holder or then subject to issuance upon exercise of a
Warrant, subject to the conditions set forth below. If, at any time after
the Effective Date, the Company participates (whether voluntarily or by
reason of an obligation to a third party) in the registration of any
shares of the Company's stock (other than a registration on Form S-4 or
on Form S-8), the Company shall give written notice thereof to the Holder
and the Holder shall have the right, subject to the remaining provisions
of this Section9(b), exercisable within ten (10) business days after
receipt of such notice, to demand inclusion of all or a portion of the
Holder's Remaining Registrable Securities in such registration statement.
If the Holder exercises such election, the Remaining Registrable
Securities so designated shall be included in the registration statement
at no cost or expense to the Holder (other than any costs or commissions
which would be borne by the Holder under the other terms of this
Registration Rights Agreement).  The Holder's rights under this Section
9(b) shall expire at such time as the Holder can sell all of the
Remaining Registrable Securities under Rule 144 without volume or other
restrictions or limitations.

                (ii)     If a piggyback registration involves an
underwritten offering and the managing underwriter or underwriters of any
such proposed public offering delivers a written opinion to the Company
and the holders of Remaining Registrable Shares requesting registration
under this Section 9(b) that the total number or kind of securities which
such holders and any other Persons entitled to be included in such public
offering would adversely affect its ability to effect such an offering,
then the Company may limit some or all the Remaining Registrable Shares
and other securities that may be included in such registration and
underwriting to the extent of the number or kind of securities which the
Company is so advised can be sold in (or during the time of) such
offering without having such an adverse effect, such that: (a) first, all
securities proposed by the Company to be sold for its own account, (b)
second, the Remaining Registrable Shares requested to be included in the
registration pro rata among the holders of the Remaining Registrable
Shares requesting such registration, on the basis of the total number of
shares of such securities that each such holder of the Remaining
Registrable Shares otherwise proposed to include in the piggyback
registration, and (c) third, any other securities requested to be
included in such registration that are held by other Persons entitled to
or otherwise permitted to be included in such registration by the
Company; provided, however, the underwriter may not limit the amount of
Remaining Registrable Shares included in such registration and
underwriting to less than an amount equal to twenty percent (20%) of the
amount of all of the Company's securities included in such registration
and underwriting.

                    (iii)  If a piggyback registration is an
underwritten secondary registration on behalf of holders of the Company's
securities other than holders of Remaining Registrable Shares (the "Other

<PAGE>                             11                     5/14/02

Holders"), and the managing underwriter or underwriters advises the
Company in writing that in their opinion the number and kind of
securities requested to be included in such registration exceeds the
number that can be sold in such offering, then the Company will include
in such registration (a) first, the Remaining Registrable Shares
requested to be included in such registration hereunder up to that number
which, in the opinion of the managing underwriter or underwriters, can
be sold in such offering, and if all such Remaining Registrable Shares
can not be so included, then pro rata among the holders of Remaining
Registrable Shares requesting such registration on the basis of the
number of shares of Remaining Registrable Shares of each holder otherwise
sought to have included in the piggyback registration, and (b) second,
the securities requested to be included therein by the Other Holders
requesting such registration, up to that number which, in the opinion of
the managing underwriter or underwriters, can be sold in the offering.

                    (iv)   To the extent that the holders of Remaining
Registrable Shares request Piggyback Registration of their Remaining
Registrable Shares, the holders of Remaining Registrable Shares shall
(together with the Company) enter into an underwriting agreement in
customary form with the managing underwriter, if any, selected by the
Company for such underwriting.

          10.  Amendment of Registration Rights.  Any provision of this
Agreement may be amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and
Investors who then hold a sixty-seven percent (67%) interest of the then
outstanding Registrable Securities held by Investors (including, for such
purposes, shares  issuable on exercise of outstanding Warrants).  Any
amendment or waiver effected in accordance with this Section 10 shall be
binding upon each Investor and the Company.

          11.  Miscellaneous.

          (a)  A person or entity is deemed to be a holder of
Registrable Securities whenever such person or entity owns of record such
Registrable Securities.  If the Company receives conflicting
instructions, notices or elections from two or more persons or entities
with respect to the same Registrable Securities, the Company shall act
upon the basis of instructions, notice or election received from the
registered owner of such Registrable Securities.

          (b)  Except to the extent otherwise specifically provided
herein (and then limited to such extent), notices required or permitted
to be given hereunder shall be given in the manner contemplated by the
Securities Purchase Agreement, (i) if to the Company or to the Initial
Investor, to their respective address contemplated by the Securities
Purchase Agreement, and (ii) if to any other Investor, at such address
as such Investor shall have provided in writing to the Company, or at
such other address as each such party furnishes by notice given in
accordance with this Section 11(b).

<PAGE>                             12                     5/14/02

          (c)  Failure of any party to exercise any right or remedy
under this Agreement or otherwise, or delay by a party in exercising such
right or remedy, shall not operate as a waiver thereof.

          (d)  This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Delaware for contracts to be
wholly performed in such state and without giving effect to the
principles thereof regarding the conflict of laws.

          (e)  The Company and the Investor hereby waive a trial by jury
in any action, proceeding or counterclaim brought by either of the
parties hereto against the other in respect of any matter arising out of
or in connection with this Agreement or any of the other Transaction
Agreements.

          (f)  If any provision of this Agreement shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this
Agreement or the validity or enforceability of this Agreement in any
other jurisdiction.

          (g)  Subject to the requirements of Section 9 hereof, this
Agreement shall inure to the benefit of and be binding upon the
successors and assigns of each of the parties hereto.

          (h)  All pronouns and any variations thereof refer to the
masculine, feminine or neuter, singular or plural, as the context may
require.

          (i)  The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning
thereof.

          (j)  This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
shall constitute one and the same agreement.  This Agreement, once
executed by a party, may be delivered to the other party hereto by
telephone line facsimile transmission of a copy of this Agreement bearing
the signature of the party so delivering this Agreement.

          (k)  The Company acknowledges that any failure by the Company
to perform its obligations under Section 3(a) hereof, or any delay in
such performance could result in loss to the Investors, and the Company
agrees that, in addition to any other liability the Company may have by
reason of such failure or delay, the Company shall be liable for all
direct damages caused by any such failure or delay, unless the same is
the result of force majeure.  Neither party shall be liable for
consequential damages.

          (l)      This Agreement constitutes the entire agreement among
the parties hereto with respect to the subject matter hereof.  There are
no restrictions, promises, warranties or undertakings, other than those
set forth or referred to herein.  Together with the other Transaction

<PAGE>                             13                     5/14/02

Agreements, this Agreement supersedes all prior agreements and
understandings among the parties hereto with respect to the subject
matter hereof. This Agreement may be amended only by an instrument in
writing signed by the party to be charged with enforcement thereof.

           [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>                             14                     5/14/02

     IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed by their respective officers thereunto duly authorized as
of the day and year first above written.

                                  COMPANY:
                                  EAGLE SUPPLY GROUP, INC.

                                  By:  /s/Frederick M. Friedman
                                     ----------------------------------

                                  Name:  Frederick M. Friedman
                                       --------------------------------

                                  Title:  Exec VP
                                        -------------------------------

                                  INITIAL INVESTOR:

                                  SEAWAY HOLDINGS LTD
                                  -------------------------------------
                                    [Print Name of Initial Investor]

                                  By:  /s/CB Williams
                                     ----------------------------------

                                  Name: INTERNATIONAL FIRST SECRETARIAL
                                        GROUP LTD
                                       --------------------------------
                                  Title:  DIRECTOR/SECRETARY
                                        -------------------------------

<PAGE>                             15                     5/14/02

     IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed by their respective officers thereunto duly authorized as
of the day and year first above written.

                                  COMPANY:
                                  EAGLE SUPPLY GROUP, INC.

                                  By:  /s/Frederick M. Friedman
                                     ----------------------------------

                                  Name:  Frederick M. Friedman
                                       --------------------------------

                                  Title:  Exec VP
                                        -------------------------------

                                  INITIAL INVESTOR:

                                  Alpha Capital AG
                                  -------------------------------------
                                    [Print Name of Initial Investor]

                                  By:  /s/Konrad Ackerman
                                     ----------------------------------

                                  Name:   Konrad Ackerman
                                       --------------------------------
                                  Title:
                                        -------------------------------

<PAGE>                             15                     5/14/02

     IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed by their respective officers thereunto duly authorized as
of the day and year first above written.

                                  COMPANY:
                                  EAGLE SUPPLY GROUP, INC.

                                  By:  /s/Frederick M. Friedman
                                     ----------------------------------

                                  Name:  Frederick M. Friedman
                                       --------------------------------

                                  Title:  Exec VP
                                        -------------------------------

                                  INITIAL INVESTOR:

                                  STONESTREET LP
                                  -------------------------------------
                                    [Print Name of Initial Investor]

                                  By:  /s/E.A. Leonard
                                     ----------------------------------

                                  Name:   E.A. Leonard
                                       --------------------------------
                                  Title:  Director
                                        -------------------------------

<PAGE>                             15                     5/14/02

     IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed by their respective officers thereunto duly authorized as
of the day and year first above written.

                                  COMPANY:
                                  EAGLE SUPPLY GROUP, INC.

                                  By:  /s/Frederick M. Friedman
                                     ----------------------------------

                                  Name:  Frederick M. Friedman
                                       --------------------------------

                                  Title:  Exec VP
                                        -------------------------------

                                  INITIAL INVESTOR:

                                  Bristol Investment Fund, Ltd.
                                  -------------------------------------
                                    [Print Name of Initial Investor]

                                  By:  /s/Paul Kessler
                                     ----------------------------------

                                  Name:   Paul Kessler
                                       --------------------------------
                                  Title:  Director
                                        -------------------------------

<PAGE>                             15                     5/14/02

     IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed by their respective officers thereunto duly authorized as
of the day and year first above written.

                                  COMPANY:
                                  EAGLE SUPPLY GROUP, INC.

                                  By:  /s/Frederick M. Friedman
                                     ----------------------------------

                                  Name:  Frederick M. Friedman
                                       --------------------------------

                                  Title:  Exec VP
                                        -------------------------------

                                  INITIAL INVESTOR:

                                  HAA, Inc.
                                  -------------------------------------
                                    [Print Name of Initial Investor]

                                  By:  /s/Aron Langsam
                                     ----------------------------------

                                  Name:    Aron Langsam
                                       --------------------------------
                                  Title:   Pres/Sec
                                        -------------------------------

<PAGE>                             15                     5/14/02

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