Document:

exv10w27

    EXHIBIT 10.27

 

    INDEMNIFICATION
    AGREEMENT

 

    This Indemnification Agreement (this
    “Agreement”) is made and entered into,
    effective January 1, 2010, by and between Dell Inc., a
    Delaware corporation (the “Company”),
    and          (“Indemnitee”).

 

    Recitals

 

		
	    A. 
	    Competent and experienced persons are reluctant to serve or to
    continue to serve as directors or officers of corporations
    unless they are provided with adequate protection through
    insurance or indemnification (or both) against claims against
    them arising out of their service and activities as directors.

	 
	    B. 
	    Uncertainties relating to the availability of adequate insurance
    for directors and officers have increased the difficulty for
    corporations to attract and retain competent and experienced
    persons to serve as directors or officers.

	 
	    C. 
	    The Board of Directors of the Company (the
    “Board”) has determined that the
    continuation of present trends in litigation will make it more
    difficult to attract and retain competent and experienced
    persons to serve as directors or officers of the Company and, in
    some cases, of its subsidiaries, that this situation is
    detrimental to the best interests of the Company’s
    stockholders and that the Company should act to assure its
    directors and officers that there will be increased certainty of
    adequate protection in the future.

	 
	    D. 
	    It is reasonable, prudent and necessary for the Company to
    obligate itself contractually to indemnify its directors and
    officers to the fullest extent permitted by applicable law in
    order to induce them to serve or continue to serve as directors
    or officers of the Company or its subsidiaries.

	 
	    E. 
	    Indemnitee’s willingness to continue to serve in his or her
    current capacity is predicated, in substantial part, upon the
    Company’s willingness to indemnify him or her to the
    fullest extent permitted by the laws of the State of Delaware
    and upon the other undertakings set forth in this Agreement.

 

		
	    F. 	
    In recognition of the need to provide Indemnitee with
    substantial protection against personal liability, in order to
    procure Indemnitee’s continued service, and to enhance
    Indemnitee’s ability to serve the Company in an effective
    manner, and in order to provide such protection pursuant to
    express contract rights (intended to be enforceable irrespective
    of any amendment to the Company’s Certificate of
    Incorporation or Bylaws (collectively, the
    “Constituent Documents”), any Change of
    Control (as defined in Section 1(a)) or any change in the
    composition of the Board), the Company wishes to provide in this
    Agreement for the indemnification of and the advancement of
    Expenses (as defined in Section 1(c)) to Indemnitee as set
    forth in this Agreement.

 

    Now, therefore, for and in consideration of the foregoing
    premises, Indemnitee’s agreement to continue to serve the
    Company in his or her current capacity and the mutual covenants
    and agreements contained herein, the parties hereby agree as
    follows:

 

		
	    1. 	
    Certain Definitions — In addition to
    terms defined elsewhere herein, the following terms shall have
    the respective meanings indicated below when used in this
    Agreement:

 

			
	 	    (a) 
	
    “Change of Control” shall mean the
    occurrence of any of the following events:

 

			
	 	    (i) 
	
    The acquisition after the date of this Agreement by any
    individual, entity or group (within the meaning of
    Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
    of 1934 (the “Exchange Act”)) (a
    “Person”) of beneficial ownership
    (within the meaning of
    Rule 13d-3
    promulgated under the Exchange Act) of 15% or more of either the
    then outstanding shares of common stock of the Company (the
    “Outstanding Company Common Stock”) or
    the combined voting power of the then outstanding voting
    securities of the Company entitled to vote generally in the
    election of directors (the “Outstanding Company
    Voting Securities”); provided, however, that for
    purposes of this paragraph (i), the following acquisitions shall
    not constitute a Change of Control:

 

			
	 	    (A) 
	
    Any acquisition directly from the Company or any Controlled
    Affiliate of the Company;

 

 

			
	 	    (B) 
	
    Any acquisition by the Company or any Controlled Affiliate of
    the Company;

	 
	 	    (C) 
	
    Any acquisition by any employee benefit plan (or related trust)
    sponsored or maintained by the Company or any Controlled
    Affiliate of the Company;

	 
	 	    (D) 
	
    Any acquisition by Mr. Michael S. Dell, his Affiliates or
    Associates (as such terms are defined in
    Rule 12b-2
    promulgated under the Exchange Act), his heirs or any trust or
    foundation to which he has transferred or may transfer
    Outstanding Company Common Stock or Outstanding Company Voting
    Securities; or

	 
	 	    (E) 
	
    Any acquisition by any entity or its security holders pursuant
    to a transaction that complies with clauses (A), (B), and
    (C) of paragraph (iii) below;

 

			
	 	    (ii) 
	
    Individuals who, as of the date of this Agreement, constitute
    the Board (collectively, the “Incumbent
    Directors”) cease for any reason to constitute at
    least a majority of the Board; provided, however, that any
    individual who becomes a director of the Company subsequent to
    the date of this Agreement and whose election or appointment by
    the Board or nomination for election by the Company’s
    stockholders was approved by a vote of at least a majority of
    the then Incumbent Directors, shall be considered as an
    Incumbent Director, unless such individual’s initial
    assumption of office occurs as a result of an actual or
    threatened election contest with respect to the election or
    removal of directors or other actual or threatened solicitation
    of proxies or consents by or on behalf of a Person other than
    the Board;

	 
	 	    (iii) 
	
    Consummation of a reorganization, merger, consolidation, sale or
    other disposition of all or substantially all the assets of the
    Company or an acquisition of assets of another corporation (a
    “Business Combination”), unless, in each
    case, following such Business Combination (A) all or
    substantially all of the individuals and entities who were the
    beneficial owners, respectively, of the Outstanding Company
    Common Stock and Outstanding Company Voting Securities
    immediately prior to such Business Combination beneficially own,
    directly or indirectly, more than 50% of, respectively, the then
    outstanding shares of common stock and the combined voting power
    of the then outstanding voting securities entitled to vote
    generally in the election of directors, as the case may be, of
    the corporation resulting from such Business Combination
    (including a corporation that as a result of such transaction
    owns the Company or all or substantially all of the
    Company’s assets either directly or through one or more
    subsidiaries) in substantially the same proportions as their
    ownership, immediately prior to such Business Combination, of
    the Outstanding Company Common Stock and Outstanding Company
    Voting Securities, as the case may be, (B) no Person
    (excluding any employee benefit plan (or related trust) of the
    Company or the corporation resulting from such Business
    Combination and any Person referred to in clause (D) of
    paragraph (i) above) beneficially owns, directly or
    indirectly, 15% or more of, respectively, the then outstanding
    shares of common stock of the corporation resulting from such
    Business Combination or the combined voting power of the then
    outstanding voting securities of such corporation except to the
    extent that such ownership of the Company existed prior to the
    Business Combination and (C) at least a majority of the
    members of the board of directors of the corporation resulting
    from such Business Combination were Incumbent Directors at the
    time of the execution of the initial agreement, or of the action
    of the Board, providing for such Business Combination; or

	 
	 	    (iv) 
	
    Approval by the stockholders of the Company of a complete
    liquidation or dissolution of the Company.

 

			
	 	    (b) 
	
    “Claim” shall mean (i) any
    threatened, asserted, pending or completed claim, demand,
    action, suit or proceeding (including any cross claim or
    counterclaim in any action, suit or proceeding), whether civil,
    criminal, administrative, arbitrative, investigative or other
    and whether made pursuant to federal, state or other law
    (including securities laws); and (ii) any inquiry or
    investigation (including discovery), whether made, instituted or
    conducted by the Company or any other party, including any
    federal, state or other governmental entity, that Indemnitee in
    good faith believes might lead to the institution of any such
    claim, demand, action, suit or proceeding.

	 
	 	    (c) 
	
    “Controlled Affiliate” shall mean any
    corporation, limited liability company, partnership, joint
    venture, trust or other entity or enterprise, whether or not for
    profit, that is directly or indirectly controlled by the

 

			
	 	
	
    Company. For purposes of this definition, the term
    “control” shall mean the possession, directly or
    indirectly, of the power to direct or cause the direction of the
    management or policies of an entity or enterprise, whether
    through the ownership of voting securities, through other voting
    rights, by contract or otherwise; provided, however, that direct
    or indirect beneficial ownership of capital stock or other
    interests in an entity or enterprise entitling the holder to
    cast 20% or more of the total number of votes generally entitled
    to be cast in the election of directors (or persons performing
    comparable functions) of such entity or enterprise shall be
    deemed to constitute “control” for purposes of this
    definition.

 

			
	 	    (d) 
	
    “Disinterested Director” shall mean a
    director of the Company who is not and was not a party to the
    Claim with respect to which indemnification is sought by
    Indemnitee.

	 
	 	    (e) 
	
    “Expenses” shall mean all costs,
    expenses (including attorneys’ and experts’ fees and
    expenses) and obligations paid or incurred in connection with
    investigating, defending (including affirmative defenses and
    counterclaims), being a witness in or participating in
    (including on appeal), or preparing to investigate, defend, be a
    witness in or participate in (including on appeal), any Claim
    relating to an Indemnifiable Claim.

	 
	 	    (f) 
	
    “Indemnifiable Claim” shall mean any
    Claim based upon, arising out of or resulting from any of the
    following:

 

			
	 	    (i) 
	
    Any actual, alleged or suspected act or failure to act by
    Indemnitee in his or her capacity as a director or officer of
    the Company or as a director, officer, employee, member,
    manager, trustee, fiduciary or agent (collectively, a
    “Representative”) of any Controlled
    Affiliate or other corporation, limited liability company,
    partnership, joint venture, employee benefit plan, trust or
    other entity or enterprise, whether or not for profit, as to
    which Indemnitee is or was serving at the request of the Company
    as a Representative;

	 
	 	    (ii) 
	
    Any actual, alleged or suspected act or failure to act by
    Indemnitee with respect to any business, transaction,
    communication, filing, disclosure or other activity of the
    Company or any other entity or enterprise referred to in clause
    (i) of this Section 1(f); or

	 
	 	    (iii) 
	
    Indemnitee’s status as a current or former director or
    officer of the Company or as a current or former Representative
    of the Company or any other entity or enterprise referred to in
    clause (i) of this Section 1(f) or any actual, alleged
    or suspected act or failure to act by Indemnitee in connection
    with any obligation or restriction imposed upon Indemnitee by
    reason of such status.

 

    In addition to any service at the actual request of the Company,
    for purposes of this Agreement, Indemnitee shall be deemed to be
    serving or to have served at the request of the Company as a
    Representative of another entity or enterprise if Indemnitee is
    or was serving as a director, officer, employee, member,
    manager, trustee, fiduciary, agent or employee of such entity or
    enterprise and (A) such entity or enterprise is or at the
    time of such service was a Controlled Affiliate, (B) such
    entity or enterprise is or at the time of such service was an
    employee benefit plan (or related trust) sponsored or maintained
    by the Company or a Controlled Affiliate or (C) the Company
    or a Controlled Affiliate directly or indirectly caused
    Indemnitee to be nominated, elected, appointed, designated,
    employed, engaged or selected to serve in such capacity.

 

			
	 	    (g) 
	
    “Indemnifiable Losses” shall mean any
    and all Losses relating to, arising out of or resulting from any
    Indemnifiable Claim.

	 
	 	    (h) 
	
    “Independent Counsel” shall mean a law
    firm, or a member of a law firm, that is experienced in matters
    of corporation law and, as of the time of selection with respect
    to any Indemnifiable Claim, is not nor in the past five years
    has been, retained to represent (i) the Company or
    Indemnitee in any matter material to either such party (other
    than with respect to matters concerning Indemnitee under this
    Agreement or other indemnitees under similar indemnification
    agreements) or (ii) any other party to the Indemnifiable
    Claim giving rise to a claim for indemnification hereunder.
    Notwithstanding the foregoing, the term “Independent
    Counsel” shall not include any person who, under the
    applicable standards of professional conduct then prevailing,
    would have a conflict of interest in representing either the
    Company or Indemnitee in an action to determine
    Indemnitee’s rights under this Agreement.

 

			
	 	    (i) 
	
    “Losses” means any and all Expenses,
    damages (including punitive, exemplary and the multiplied
    portion of any damages), losses, liabilities, judgments,
    payments, fines, penalties (whether civil, criminal or other),
    awards and amounts paid in settlement (including all interest,
    assessments and other charges paid or incurred in connection
    with or with respect to any of the foregoing).

 

		
	    2. 
	    Indemnification Obligation — Subject to
    Section 7, the Company shall indemnify, defend and hold
    harmless Indemnitee, to the fullest extent permitted by the laws
    of the State of Delaware in effect on the date hereof or as such
    laws may from time to time hereafter be amended to increase the
    scope of such permitted indemnification, against any and all
    Indemnifiable Claims and Indemnifiable Losses; provided,
    however, that, except as provided in Sections 4 and 21,
    Indemnitee shall not be entitled to indemnification pursuant to
    this Agreement in connection with any Claim initiated by
    Indemnitee against the Company or any director or officer of the
    Company unless the Company has joined in or consented to the
    initiation of such Claim.

	 
	    3. 
	    Advancement of Expenses — Indemnitee
    shall have the right to advancement by the Company prior to the
    final disposition of any Indemnifiable Claim of any and all
    Expenses relating to, arising out of or resulting from any
    Indemnifiable Claim paid or incurred by Indemnitee or which
    Indemnitee determines are reasonably likely to be paid or
    incurred by Indemnitee. Indemnitee’s right to such
    advancement is not subject to the satisfaction of any standard
    of conduct. Without limiting the generality or effect of the
    foregoing, within five business days after any request by
    Indemnitee, the Company shall, in accordance with such request
    (but without duplication), (a) pay such Expenses on behalf
    of Indemnitee, (b) advance to Indemnitee funds in an amount
    sufficient to pay such Expenses or (c) reimburse Indemnitee
    for such Expenses; provided, however, that Indemnitee shall
    repay, without interest, any amounts actually advanced to
    Indemnitee that, at the final disposition of the Indemnifiable
    Claim to which the advance related, were in excess of amounts
    paid or incurred by Indemnitee with respect to Expenses relating
    to, arising out of or resulting from such Indemnifiable Claim.
    In connection with any such payment, advancement or
    reimbursement, Indemnitee shall execute and deliver to the
    Company an undertaking, which need not be secured and shall be
    accepted without reference to Indemnitee’s ability to repay
    the Expenses, by or on behalf of Indemnitee, to repay any
    amounts paid, advanced or reimbursed by the Company with respect
    to Expenses relating to, arising out of or resulting from any
    Indemnifiable Claim with respect to which it shall have been
    determined, following the final disposition of such
    Indemnifiable Claim and in accordance with Section 7, that
    Indemnitee is not entitled to indemnification hereunder.

	 
	    4. 
	    Indemnification for Additional Expenses —
    Without limiting the generality or effect of the
    foregoing, the Company shall indemnify and hold harmless
    Indemnitee against and, if requested by Indemnitee, shall
    reimburse Indemnitee for, or advance to Indemnitee, within five
    business days of such request, any and all Expenses paid or
    incurred by Indemnitee or which Indemnitee determines are
    reasonably likely to be paid or incurred by Indemnitee in
    connection with any Claim made, instituted or conducted by
    Indemnitee for (a) indemnification or reimbursement or
    advance payment of Expenses by the Company under any provision
    of this Agreement or under any other agreement or provision of
    the Constituent Documents now or hereafter in effect relating to
    Indemnifiable Claims or (b) recovery under any
    directors’ and officers’ liability insurance policies
    maintained by the Company, regardless in each case of whether
    Indemnitee ultimately is determined to be entitled to such
    indemnification, reimbursement, advance or insurance recovery,
    as the case may be; provided, however, that Indemnitee shall
    return, without interest, any such advance of Expenses (or
    portion thereof) that remains unspent at the final disposition
    of the Claim to which the advance related.

	 
	    5. 
	    Partial Indemnity — If Indemnitee is
    entitled under any provision of this Agreement to
    indemnification by the Company for some or a portion of any
    Indemnifiable Loss but not for all of the total amount thereof,
    the Company shall nevertheless indemnify Indemnitee for the
    portion thereof to which Indemnitee is entitled.

	 
	    6. 
	    Procedure for Notification — To obtain
    indemnification under this Agreement with respect to an
    Indemnifiable Claim or Indemnifiable Loss, Indemnitee shall
    submit to the Company a written request therefor, including a
    brief description (based upon information then available to
    Indemnitee) of such Indemnifiable Claim or Indemnifiable Loss.
    If, at the time of the receipt of such request, the Company has
    directors’ and officers’ liability insurance in effect
    under which coverage for such Indemnifiable Claim or
    Indemnifiable Loss is potentially available, the Company shall
    give prompt written notice of such Indemnifiable Claim or
    Indemnifiable Loss to the applicable insurers in accordance with
    the procedures set forth in the applicable policies. The Company
    shall provide to Indemnitee a copy of such notice delivered to
    the applicable insurers

 

		
		
    and copies of all subsequent correspondence between the Company
    and such insurers regarding the Indemnifiable Claim or
    Indemnifiable Loss, in each case substantially concurrently with
    the delivery or receipt thereof by the Company. The failure by
    Indemnitee to timely notify the Company of any Indemnifiable
    Claim or Indemnifiable Loss shall not relieve the Company from
    any liability hereunder unless, and only to the extent that, the
    Company did not otherwise learn of such Indemnifiable Claim or
    Indemnifiable Loss and such failure results in forfeiture by the
    Company of substantial defenses, rights or insurance coverage.

 

		
	    7. 	
    Determination of Right to Indemnification —

 

			
	 	    (a) 
	
    To the extent that Indemnitee shall have been successful on the
    merits or otherwise in defense of any Indemnifiable Claim or any
    portion thereof or in defense of any issue or matter therein,
    including dismissal without prejudice, Indemnitee shall be
    indemnified against all Indemnifiable Losses relating to,
    arising out of or resulting from such Indemnifiable Claim in
    accordance with Section 2 and no Standard of Conduct
    Determination (as defined in paragraph (b) below) shall be
    required.

	 
	 	    (b) 
	
    To the extent that the provisions of Section 7(a) are
    inapplicable to an Indemnifiable Claim that shall have been
    finally disposed of, any determination of whether Indemnitee has
    satisfied any applicable standard of conduct under Delaware law
    that is a legally required condition precedent to
    indemnification of Indemnitee hereunder against Indemnifiable
    Losses relating to, arising out of or resulting from such
    Indemnifiable Claim (a “Standard of Conduct
    Determination”) shall be made as follows:

 

			
	 	    (i) 
	
    If a Change of Control has not occurred, or if a Change of
    Control has occurred but Indemnitee has requested that the
    Standard of Conduct Determination be made pursuant to this
    clause (i):

 

			
	 	    (A) 
	
    By a majority vote of the Disinterested Directors, even if less
    than a quorum of the Board;

	 
	 	    (B) 
	
    If such Disinterested Directors so direct, by a majority vote of
    a committee of Disinterested Directors designated by a majority
    vote of all Disinterested Directors; or

	 
	 	    (C) 
	
    If there are no such Disinterested Directors, by Independent
    Counsel in a written opinion addressed to the Board, a copy of
    which shall be delivered to Indemnitee; and

 

			
	 	    (ii) 
	
    If a Change of Control has occurred and Indemnitee has not
    requested that the Standard of Conduct Determination be made
    pursuant to clause (i) above, by Independent Counsel in a
    written opinion addressed to the Board, a copy of which shall be
    delivered to Indemnitee.

 

    Indemnitee will cooperate with the person or persons making such
    Standard of Conduct Determination, including providing to such
    person or persons, upon reasonable advance request, any
    documentation or information which is not privileged or
    otherwise protected from disclosure and which is reasonably
    available to Indemnitee and reasonably necessary to such
    determination. The Company shall indemnify and hold harmless
    Indemnitee against and, if requested by Indemnitee, shall
    reimburse Indemnitee for, or advance to Indemnitee, within five
    business days of such request, any and all costs and expenses
    (including attorneys’ and experts’ fees and expenses)
    incurred by Indemnitee in so cooperating with the person making
    such Standard of Conduct Determination.

 

			
	 	    (c) 
	
    The Company shall use its reasonable best efforts to cause any
    Standard of Conduct Determination required under
    Section 7(b) to be made as promptly as practicable. If
    (i) the person or persons empowered or selected under
    Section 7(b) to make the Standard of Conduct Determination
    shall not have made a determination within 30 days after
    the later of (A) receipt by the Company of written notice
    from Indemnitee advising the Company of the final disposition of
    the applicable Indemnifiable Claim (the date of such receipt
    being the “Notification Date”) and
    (B) the selection of an Independent Counsel, if such
    determination is to be made by Independent Counsel, that is
    permitted under the provisions of Section 7(e) to make such
    determination and (ii) Indemnitee shall have fulfilled his
    or her obligations set forth in the second sentence of Section
    7(b), then Indemnitee shall be deemed to have satisfied the
    applicable standard of conduct; provided, however, that such
    30-day
    period may be extended for a reasonable time, not to exceed an
    additional 30 days, if the person making such determination
    in good faith requires such additional time to obtain or
    evaluate documentation or information relating thereto.

	 
	 	    (d) 
	
    If (i) Indemnitee shall be entitled to indemnification
    hereunder against any Indemnifiable Losses pursuant to
    Section 7(a), (ii) no determination of whether
    Indemnitee has satisfied any applicable standard of

 

			
	 	
	
    conduct under Delaware law is a legally required condition
    precedent to indemnification of Indemnitee hereunder against any
    Indemnifiable Losses or (iii) Indemnitee has been
    determined or deemed pursuant to Section 7(b) or
    (c) to have satisfied any applicable standard of conduct
    under Delaware law that is a legally required condition
    precedent to indemnification of Indemnitee hereunder against any
    Indemnifiable Losses, then the Company shall pay to Indemnitee,
    within five business days after the later of (x) the
    Notification Date with respect to the Indemnifiable Claim or
    portion thereof to which such Indemnifiable Losses are related,
    out of which such Indemnifiable Losses arose or from which such
    Indemnifiable Losses resulted and (y) the earliest date on
    which the applicable criterion specified in clause (i),
    (ii) or (iii) above shall have been satisfied, an
    amount equal to the amount of such Indemnfiable Losses.

 

			
	 	    (e) 
	
    If a Standard of Conduct Determination is to be made by
    Independent Counsel pursuant to Section 7(b)(i), the
    Independent Counsel shall be selected by the Board and the
    Company shall give written notice to Indemnitee advising him or
    her of the identity of the Independent Counsel so selected. If a
    Standard of Conduct Determination is to be made by Independent
    Counsel pursuant to Section 7(b)(ii), the Independent
    Counsel shall be selected by Indemnitee and Indemnitee shall
    give written notice to the Company advising it of the identity
    of the Independent Counsel so selected. In either case,
    Indemnitee or the Company, as applicable, may, within five
    business days after receiving written notice of selection from
    the other, deliver to the other a written objection to such
    selection; provided, however, that such objection may be
    asserted only on the ground that the Independent Counsel so
    selected does not satisfy the criteria set forth in the
    definition of “Independent Counsel” in
    Section 1(h) and the objection shall set forth with
    particularity the factual basis of such assertion. Absent a
    proper and timely objection, the person or firm so selected
    shall act as Independent Counsel. If such written objection is
    properly and timely made and substantiated, (i) the
    Independent Counsel so selected may not serve as Independent
    Counsel unless and until such objection is withdrawn or a court
    has determined that such objection is without merit and
    (ii) the non-objecting party may, at its option, select an
    alternative Independent Counsel and give written notice to the
    other party advising such other party of the identity of the
    alternative Independent Counsel so selected, in which case the
    provisions of the two immediately preceding sentences and clause
    (i) of this sentence shall apply to such subsequent
    selection and notice. If applicable, the provisions of clause
    (ii) of the immediately preceding sentence shall apply to
    successive alternative selections. If no Independent Counsel
    that is permitted under the foregoing provisions of this
    Section 7(e) to make the Standard of Conduct Determination
    shall have been selected within 30 days after the Company
    gives its initial notice pursuant to the first sentence of this
    Section 7(e) or Indemnitee gives its initial notice
    pursuant to the second sentence of this Section 7(e), as
    the case may be, either the Company or Indemnitee may petition
    the Court of Chancery of the State of Delaware for resolution of
    any objection that has been made by the Company or Indemnitee to
    the other’s selection of Independent Counsel or for the
    appointment as Independent Counsel of a person selected by the
    Court or by such other person as the Court shall designate, and
    the person or firm with respect to whom all objections are so
    resolved or the person or firm so appointed will act as
    Independent Counsel. In all events, the Company shall pay all of
    the reasonable fees and expenses of the Independent Counsel
    incurred in connection with the Independent Counsel’s
    determination pursuant to Section 7(b).

 

		
	    8. 
	    Presumption of Entitlement — In making
    any Standard of Conduct Determination, the person or persons
    making such determination shall presume that Indemnitee has
    satisfied the applicable standard of conduct, and the Company
    may overcome such presumption only by its adducing clear and
    convincing evidence to the contrary. Any Standard of Conduct
    Determination that is adverse to Indemnitee may be challenged by
    Indemnitee in the Court of Chancery of the State of Delaware. No
    determination by the Company (including by its directors or any
    Independent Counsel) that Indemnitee has not satisfied any
    applicable standard of conduct shall be a defense to any Claim
    by Indemnitee for indemnification or reimbursement or advance
    payment of Expenses by the Company hereunder or create a
    presumption that Indemnitee has not met any applicable standard
    of conduct.

	 
	    9. 
	    No Other Presumption — For purposes of
    this Agreement, the termination of any Claim by judgment, order,
    settlement (whether with or without court approval) or
    conviction, or upon a plea of nolo contendere or its equivalent,
    or an entry of an order of probation prior to judgment, shall
    not create a presumption that

 

		
		
    Indemnitee did not meet any applicable standard of conduct or
    that indemnification hereunder is otherwise not permitted.

 

		
	    10. 
	    Non-Exclusivity — The rights of
    Indemnitee hereunder shall be in addition to any other rights
    Indemnitee may have under the Constituent Documents, the
    substantive laws of the State of Delaware, any other contract or
    otherwise (collectively, “Other Indemnity
    Provisions”); provided, however, that (a) to
    the extent that Indemnitee otherwise would have any greater
    right to indemnification under any Other Indemnity Provision,
    Indemnitee shall be deemed to have such greater right hereunder
    and (b) to the extent that any change is made to any Other
    Indemnity Provision that permits any greater right to
    indemnification than that provided under this Agreement as of
    the date hereof, Indemnitee shall be deemed to have such greater
    right hereunder. The Company shall not adopt any amendment to
    any of the Constituent Documents the effect of which would be to
    deny, diminish or encumber Indemnitee’s right to
    indemnification under this Agreement or any Other Indemnity
    Provision.

	 
	    11. 
	    Liability Insurance and Funding — For
    the duration of Indemnitee’s service as a director or of
    the Company and thereafter for so long as Indemnitee shall be
    subject to any pending or possible Indemnifiable Claim, to the
    extent the Company maintains policies of directors’ and
    officers’ liability insurance providing coverage for
    directors and officers of the Company, Indemnitee shall be
    covered by such policies, in accordance with their terms, to the
    maximum extent of the coverage available for any other director
    or officer of the Company. Upon request of Indemnitee, the
    Company shall provide Indemnitee with a copy of all
    directors’ and officers’ liability insurance
    applications, binders, policies, declarations, endorsements and
    other related materials and shall provide Indemnitee with a
    reasonable opportunity to review and comment on the same.
    Without limiting the generality or effect of the two immediately
    preceding sentences, no discontinuation or significant reduction
    in the scope or amount of coverage from one policy period to the
    next shall be effective (a) without the prior approval
    thereof by a majority vote of the Incumbent Directors, even if
    less than a quorum, or (b) if at the time that any such
    discontinuation or significant reduction in the scope or amount
    of coverage is proposed there are no Incumbent Directors,
    without the prior written consent of Indemnitee (which consent
    shall not be unreasonably withheld or delayed). In all policies
    of directors’ and officers’ liability insurance
    obtained by the Company, Indemnitee shall be named as an insured
    in such a manner as to provide Indemnitee the same rights and
    benefits, subject to the same limitations, as are accorded to
    the Company’s directors and officers most favorably insured
    by such policy. The Company may, but shall not be required to,
    create a trust fund, grant a security interest or use other
    means, including a letter of credit, to ensure the payment of
    such amounts as may be necessary to satisfy its obligations to
    indemnify and advance expenses pursuant to this Agreement.

	 
	    12. 
	    Subrogation — In the event of payment
    under this Agreement, the Company shall be subrogated to the
    extent of such payment to all of the related rights of recovery
    of Indemnitee against other persons or entities (other than
    Indemnitee’s successors), including any entity or
    enterprise referred to in clause (i) of the definition of
    “Indemnifiable Claim” in Section 1(f). Indemnitee
    shall execute all papers reasonably required to evidence such
    rights (all of Indemnitee’s reasonable Expenses, including
    attorneys’ fees and charges, related thereto to be
    reimbursed by or, at the option of Indemnitee, advanced by the
    Company).

	 
	    13. 
	    No Duplication of Payments — The Company
    shall not be liable under this Agreement to make any payment to
    Indemnitee with respect to any Indemnifiable Losses to the
    extent Indemnitee has otherwise actually received payment (net
    of Expenses incurred in connection therewith) under any
    insurance policy, the Constituent Documents or Other Indemnity
    Provisions or otherwise (including from any entity or enterprise
    referred to in clause (i) of the definition of
    “Indemnifiable Claim” in Section 1(f)) with
    respect to such Indemnifiable Losses otherwise indemnifiable
    hereunder.

	 
	    14. 
	    Defense of Claims — The Company shall be
    entitled to participate in the defense of any Indemnifiable
    Claim or to assume the defense thereof, with counsel reasonably
    satisfactory to Indemnitee; provided, however, that if
    Indemnitee believes, after consultation with counsel selected by
    Indemnitee, that (a) the use of counsel chosen by the
    Company to represent Indemnitee would present such counsel with
    an actual or potential conflict, (b) the named parties in
    any such Indemnifiable Claim (including any impleaded parties)
    include both the Company and Indemnitee and Indemnitee shall
    conclude that there may be one or more legal defenses available
    to him or her that are different from or in addition to those
    available to the Company or (c) any such representation by
    such counsel would be precluded under the applicable standards
    of professional conduct then prevailing, then Indemnitee shall
    be entitled to retain separate counsel (but not more than one
    law firm

 

		
		
    plus, if applicable, local counsel with respect to any
    particular Indemnifiable Claim) at the Company’s expense.
    The Company shall not be liable to Indemnitee under this
    Agreement for any amounts paid in settlement of any threatened
    or pending Indemnifiable Claim effected without the
    Company’s prior written consent. The Company shall not,
    without the prior written consent of Indemnitee, effect any
    settlement of any threatened or pending Indemnifiable Claim that
    Indemnitee is or could have been a party unless such settlement
    solely involves the payment of money and includes a complete and
    unconditional release of Indemnitee from all liability on any
    claims that are the subject matter of such Indemnifiable Claim.
    Neither the Company nor Indemnitee shall unreasonably withhold
    its consent to any proposed settlement; provided, however, that
    Indemnitee may withhold consent to any settlement that does not
    provide a complete and unconditional release of Indemnitee.

 

		
	    15. 	
    Successors and Binding Agreement —

 

			
	 	    (a) 
	
    The Company shall require any successor (whether direct or
    indirect, by purchase, merger, consolidation, reorganization or
    otherwise) to all or substantially all the business or assets of
    the Company, by agreement in form and substance satisfactory to
    Indemnitee and his or her counsel, expressly to assume and agree
    to perform this Agreement in the same manner and to the same
    extent the Company would be required to perform if no such
    succession had taken place. This Agreement shall be binding upon
    and inure to the benefit of the Company and any successor to the
    Company, including any person acquiring directly or indirectly
    all or substantially all the business or assets of the Company
    whether by purchase, merger, consolidation, reorganization or
    otherwise (and such successor will thereafter be deemed the
    “Company” for purposes of this Agreement), but shall
    not otherwise be assignable or delegatable by the Company.

	 
	 	    (b) 
	
    This Agreement shall inure to the benefit of and be enforceable
    by Indemnitee’s personal or legal representatives,
    executors, administrators, successors, heirs, distributees,
    legatees and other successors.

	 
	 	    (c) 
	
    This Agreement is personal in nature and neither of the parties
    hereto shall, without the consent of the other, assign or
    delegate this Agreement or any rights or obligations hereunder
    except as expressly provided in Sections 15(a) and 15(b).
    Without limiting the generality or effect of the foregoing,
    Indemnitee’s right to receive payments hereunder shall not
    be assignable, whether by pledge, creation of a security
    interest or otherwise, other than by a transfer by
    Indemnitee’s will or by the laws of descent and
    distribution, and in the event of any attempted assignment or
    transfer contrary to this Section 15(c), the Company shall
    have no liability to pay any amount so attempted to be assigned
    or transferred.

 

		
	    16. 
	    Notices — For all purposes of this
    Agreement, all communications, including notices, consents,
    requests or approvals, required or permitted to be given
    hereunder shall be in writing and shall be deemed to have been
    duly given when hand delivered or dispatched by electronic
    facsimile transmission (with receipt thereof orally confirmed),
    or five business days after having been mailed by United States
    registered or certified mail, return receipt requested, postage
    prepaid or one business day after having been sent for
    next-day
    delivery by a nationally recognized overnight courier service,
    addressed to the Company (to the attention of the Secretary of
    the Company) and to Indemnitee at the addresses shown on the
    signature page hereto, or to such other address as any party may
    have furnished to the other in writing and in accordance
    herewith, except that notices of changes of address will be
    effective only upon receipt.

	 
	    17. 
	    Governing Law — The validity,
    interpretation, construction and performance of this Agreement
    shall be governed by and construed in accordance with the
    substantive laws of the State of Delaware, without giving effect
    to the principles of conflict of laws of such State. The Company
    and Indemnitee each hereby irrevocably consent to the
    jurisdiction of the Chancery Court of the State of Delaware for
    all purposes in connection with any action or proceeding that
    arises out of or relates to this Agreement and agree that any
    action instituted under this Agreement shall be brought only in
    the Chancery Court of the State of Delaware.

	 
	    18. 
	    Validity — If any provision of this
    Agreement or the application of any provision hereof to any
    person or circumstance is held invalid, unenforceable or
    otherwise illegal, the remainder of this Agreement and the
    application of such provision to any other person or
    circumstance shall not be affected, and the provision so held to
    be invalid, unenforceable or otherwise illegal shall be reformed
    to the extent, and only to the extent, necessary to make it
    enforceable, valid or legal. In the event that any court or
    other adjudicative body shall decline to reform any provision of
    this Agreement held to be invalid, unenforceable or otherwise
    illegal as contemplated by the immediately preceding sentence,
    the parties thereto shall take all such action as may be

 

		
		
    necessary or appropriate to replace the provision so held to be
    invalid, unenforceable or otherwise illegal with one or more
    alternative provisions that effectuate the purpose and intent of
    the original provisions of this Agreement as fully as possible
    without being invalid, unenforceable or otherwise illegal.

 

		
	    19. 
	    Amendments; Waivers — No provision of
    this Agreement may be amended, modified, waived or discharged
    unless such amendment, modification, waiver or discharge is
    agreed to in writing signed by Indemnitee and the Company. No
    waiver by either party hereto at any time of any breach by the
    other party hereto or compliance with any condition or provision
    of this Agreement to be performed by such other party shall be
    deemed a waiver of similar or dissimilar provisions or
    conditions at the same or at any prior or subsequent time.

	 
	    20. 
	    Complete Agreement — No agreements or
    representations, oral or otherwise, expressed or implied with
    respect to the subject matter hereof have been made by either
    party that are not set forth expressly in this Agreement.

	 
	    21. 
	    Legal Fees and Expenses — It is the
    intent of the Company that Indemnitee not be required to incur
    legal fees or other Expenses associated with the interpretation,
    enforcement or defense of Indemnitee’s rights under this
    Agreement by litigation or otherwise because the cost and
    expense thereof would substantially detract from the benefits
    intended to be extended to Indemnitee hereunder. Accordingly,
    without limiting the generality or effect of any other provision
    hereof, if it should appear to Indemnitee that the Company has
    failed to comply with any of its obligations under this
    Agreement or in the event that the Company or any other person
    takes or threatens to take any action to declare this Agreement
    void or unenforceable or institutes any litigation or other
    action or proceeding designed to deny, or to recover from,
    Indemnitee the benefits provided or intended to be provided to
    Indemnitee hereunder, the Company irrevocably authorizes
    Indemnitee from time to time to retain counsel of
    Indemnitee’s choice, at the expense of the Company as
    hereafter provided, to advise and represent Indemnitee in
    connection with any such interpretation, enforcement or defense,
    including the initiation or defense of any litigation or other
    legal action, whether by or against the Company or any director,
    officer, stockholder or other person affiliated with the
    Company, in any jurisdiction. Notwithstanding any existing or
    prior attorney-client relationship between the Company and such
    counsel, the Company irrevocably consents to Indemnitee’s
    entering into an attorney-client relationship with such counsel,
    and in that connection the Company and Indemnitee agree that a
    confidential relationship shall exist between Indemnitee and
    such counsel. Without respect to whether Indemnitee prevails, in
    whole or in part, in connection with any of the foregoing, the
    Company will pay and be solely financially responsible for any
    and all attorneys’ and related fees and expenses incurred
    by Indemnitee in connection with any of the foregoing.

	 
	    22. 
	    Certain Interpretive Matters —

 

			
	 	    (a) 
	
    No provision of this Agreement shall be interpreted in favor of,
    or against, either of the parties hereto by reason of the extent
    to which any such party or its counsel participated in the
    drafting thereof or by reason of the extent to which any such
    provision is inconsistent with any prior draft hereof or thereof.

	 
	 	    (b) 
	
    It is the Company’s intention and desire that the
    provisions of this Agreement be construed liberally, subject to
    their express terms, to maximize the protections to be provided
    to Indemnitee hereunder.

	 
	 	    (c) 
	
    All references in this Agreement to Sections, paragraphs,
    clauses and other subdivisions refer to the corresponding
    Sections, paragraphs, clauses and other subdivisions of this
    Agreement unless expressly provided otherwise. Titles appearing
    at the beginning of any Sections, subsections or other
    subdivisions of this Agreement are for convenience only, do not
    constitute any part of such Sections, subsections or other
    subdivisions and shall be disregarded in construing the language
    contained in such subdivisions. The words “this
    Agreement,” “herein,” “hereby,”
    “hereunder,” and
    “hereof,” and words of similar import,
    refer to this Agreement as a whole and not to any particular
    subdivision unless expressly so limited. The word
    “or” is not exclusive, and the word
    “including” (in its various forms) means
    “including without limitation.” Pronouns in masculine,
    feminine or neuter genders shall be construed to state and
    include any other gender, and words, terms and titles (including
    terms defined herein) in the singular form shall be construed to
    include the plural and vice versa, unless the context otherwise
    expressly requires.

 

		
	    23. 	
    Counterparts — This Agreement may be
    executed in one or more counterparts, each of which will be
    deemed to be an original but all of which together shall
    constitute one and the same agreement.

 

    In witness whereof, Indemnitee has executed, and the Company has
    caused its duly authorized representative to execute, this
    Agreement as of the date first above written.

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    DELL INC.
	
 
	
 
	
 
	
    INDEMNITEE
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Address:
	
 
	
    One Dell Way

      Round Rock, Texas 78682
	
 
	
    Address:
	
 
	
                        

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Facsimile:
	
 
	
    512-728-3773
	
 
	
    Facsimile:
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    By:
	
 
	
              

    Lawrence P. Tu

    Senior Vice President, General

    Counsel and Secretary
	
 
	
    By:exv10w1

Exhibit 10.1

EXECUTION COPY

March 14, 2011

STOCK PURCHASE AGREEMENT

Dated as of March 10, 2011

By and Among

MITEK INDUSTRIES, INC. and MITEK CANADA, INC.

collectively, as Purchaser

and

GIBRALTAR STEEL CORPORATION OF NEW YORK

as Seller

 

 

TABLE OF CONTENTS

	 	 	 	 	 

	ARTICLE 1. DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.01 Definitions.
	 	 	1	 
	1.02 Rules of Construction.
	 	 	12	 
	 
	 	 	 	 
	ARTICLE 2. PURCHASE AND SALE
	 	 	13	 
	 
	 	 	 	 
	2.01 Purchase and Sale of the Shares.
	 	 	13	 
	2.02 Payment of Purchase Price.
	 	 	13	 
	2.03 Allocation of Purchase Price.
	 	 	13	 
	2.04 Closing.
	 	 	13	 
	2.05 Closing Deliveries by the Seller.
	 	 	14	 
	2.06 Closing Deliveries by the Purchaser.
	 	 	15	 
	2.08 Post Closing Adjustment to Purchase Price.
	 	 	16	 
	 
	 	 	 	 
	ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF USP, RENOWN AND SELLER
	 	 	19	 
	 
	 	 	 	 
	3.01 Organization, Authority and Qualification of the Seller, Renown and USP.
	 	 	19	 
	3.02 Subsidiaries.
	 	 	20	 
	3.03 Capitalization; Officers and Directors.
	 	 	20	 
	3.04 Due Authorization.
	 	 	21	 
	3.05 No Conflict.
	 	 	21	 
	3.06 Governmental Consents and Approvals.
	 	 	22	 
	3.07 Financial Information.
	 	 	22	 
	3.08 No Undisclosed Liabilities.
	 	 	22	 
	3.09 Permits.
	 	 	22	 
	3.10 Conduct in the Ordinary Course; Absence of Certain Changes, Events and Conditions.
	 	 	22	 
	3.11 Litigation.
	 	 	23	 
	3.12 Compliance with Laws.
	 	 	23	 
	3.13 Material Contracts.
	 	 	24	 
	3.14 Intellectual Property.
	 	 	25	 
	3.15 Owned Real Property.
	 	 	26	 
	3.16 Leased Real Property.
	 	 	26	 
	3.17 Top Ten Customers and Suppliers.
	 	 	27	 
	3.18 Taxes.
	 	 	27	 
	3.20 Environmental Matters.
	 	 	30	 
	3.21 Employee Plans.
	 	 	31	 
	3.22 Labor Matters.
	 	 	33	 
	3.23 Insurance.
	 	 	34	 
	3.24 Tangible Personal Property.
	 	 	34	 
	3.25 Product Warranties.
	 	 	35	 
	3.26 No Brokers.
	 	 	35	 
	3.27 Corporate Books and Records.
	 	 	35	 
	3.28 Related-Party Transactions.
	 	 	35	 
	3.29 Bank Accounts; Lockboxes.
	 	 	36	 
	3.30 Title to and Sufficiency of Assets.
	 	 	36	 
	3.31 Accounts Receivable.
	 	 	36	 
	3.32 Inventory.
	 	 	36	 

i

 

	 	 	 	 	 

	3.33 Indebtedness.
	 	 	36	 
	3.34 Competition Act.
	 	 	37	 
	3.35 Disclosures.
	 	 	37	 
	 
	 	 	 	 
	ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
	 	 	37	 
	 
	 	 	 	 
	4.01 Organization and Authority and the Purchaser.
	 	 	37	 
	4.02 No Conflict.
	 	 	37	 
	4.03 Governmental Consents and Approvals.
	 	 	38	 
	4.04 No Brokers.
	 	 	38	 
	4.05 Litigation.
	 	 	38	 
	4.06 Investment Intention.
	 	 	38	 
	 
	 	 	 	 
	ARTICLE 5. COVENANTS AND ADDITIONAL AGREEMENTS
	 	 	38	 
	 
	 	 	 	 
	5.01 Ancillary Agreements.
	 	 	38	 
	5.02 Conduct of Business Prior to the Closing.
	 	 	38	 
	5.03 Access to Information.
	 	 	40	 
	5.04 Confidentiality.
	 	 	40	 
	5.05 Regulatory and Other Authorizations; Consents.
	 	 	41	 
	5.06 Non-Competition.
	 	 	41	 
	5.07 Further Action.
	 	 	44	 
	5.08 Release of Indebtedness.
	 	 	44	 
	5.09 Legal Privileges.
	 	 	45	 
	5.10 Transition Services.
	 	 	45	 
	5.11 Preservation of Records.
	 	 	45	 
	5.12 Employee Benefits.
	 	 	45	 
	5.13 Schedules.
	 	 	46	 
	5.14 Intercompany Accounts and Contracts.
	 	 	47	 
	5.15 Exclusive Dealing.
	 	 	47	 
	5.16 Business Relationships.
	 	 	47	 
	 
	 	 	 	 
	ARTICLE 6. CONDITIONS TO CLOSING
	 	 	47	 
	 
	 	 	 	 
	6.01 Conditions to Obligations of the Seller.
	 	 	47	 
	6.02 Conditions to Obligations of the Purchaser.
	 	 	48	 
	 
	 	 	 	 
	ARTICLE 7. INDEMNIFICATION
	 	 	49	 
	 
	 	 	 	 
	7.01 Survival; Remedies for Breach.
	 	 	49	 
	7.03 Indemnification of the Seller.
	 	 	53	 
	7.04 Procedures for Indemnification.
	 	 	53	 
	7.05 Additional Limits on Rights to Indemnification.
	 	 	54	 
	7.06 Procedures for Third-Party Claims.
	 	 	55	 
	 
	 	 	 	 
	ARTICLE 8. TERMINATION AND WAIVER
	 	 	57	 
	 
	 	 	 	 
	8.01 Termination.
	 	 	57	 
	8.02 Effect of Termination.
	 	 	57	 
	8.03 Waiver.
	 	 	57	 
	 
	 	 	 	 
	ARTICLE 9. TAXES.
	 	 	58	 

ii

 

	 	 	 	 	 

	9.01 Preparation of Tax Returns; Payment of Taxes.
	 	 	58	 
	9.02 Cooperation with Respect to Tax Returns.
	 	 	58	 
	9.03 Tax Audits.
	 	 	59	 
	9.04 Refund Claims.
	 	 	59	 
	9.05 Disputes.
	 	 	60	 
	 
	 	 	 	 
	ARTICLE 10. GENERAL PROVISIONS
	 	 	60	 
	 
	 	 	 	 
	10.01 Expenses.
	 	 	60	 
	10.02 Notices.
	 	 	60	 
	10.03 Headings.
	 	 	61	 
	10.04 Severability.
	 	 	61	 
	10.05 Entire Agreement.
	 	 	61	 
	10.06 Assignment.
	 	 	62	 
	10.07 No Third Party Beneficiaries.
	 	 	62	 
	10.08 Amendment.
	 	 	62	 
	10.09 Governing Law.
	 	 	62	 
	10.10 Consent To Jurisdiction.
	 	 	62	 
	10.11 Waiver of Jury Trial.
	 	 	62	 
	10.12 Public Announcements.
	 	 	62	 
	10.13 Counterparts; Effectiveness.
	 	 	63	 

iii

 

STOCK PURCHASE AGREEMENT

     THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of March 10, 2011, is by and among
MiTek Industries, Inc., a Missouri corporation (“MiTek — USA”), and MiTek Canada, Inc., an Ontario
corporation (“MiTek-Canada” and together with MiTek-USA, collectively the “Purchaser”), and
Gibraltar Steel Corporation of New York, a New York corporation (“Seller”).

R E C I T A L S:

     United Steel Products Company, Inc., a Minnesota corporation (“USP”), and Renown Specialties
Company Ltd., an Ontario corporation (“Renown”), are manufacturers of fabricated metal products
serving the residential and commercial building industries throughout the United States and Canada,
whose product lines include standard construction hardware for the light industrial, commercial and
retail markets, as well as a line of connectors for the engineered lumber and plated truss
industries.

     Seller is the owner of all the issued and outstanding capital stock of USP and the shares of
Renown.

     Seller desires to sell all of the issued and outstanding capital stock of USP and all of the
shares of Renown to the Purchaser, and the Purchaser desires to purchase all of the issued and
outstanding capital stock of USP and all of the shares of Renown from Seller, for the USP Purchase
Price and the Renown Purchase Price (each as hereinafter defined) and upon the other terms and
conditions set forth herein.

CONSIDERATION:

     NOW, THEREFORE, in consideration of the foregoing and the mutual agreements and covenants
hereinafter set forth, the parties hereto hereby agree as follows:

ARTICLE 1.

DEFINITIONS

     1.01 Definitions. In this Agreement, unless the context otherwise requires, the following
terms shall have the following meanings:

     “Acceptance Notice” shall have the meaning ascribed to such term in Section 2.08(d)
hereof.

     “Action” means any judicial, administrative or arbitral action, suit, mediation,
hearing, proceeding (public or private), investigation or claim before or by any Governmental
Authority.

1

 

     “Affiliate” means, with respect to any Person, any Person directly or indirectly
controlling, controlled by, or under direct or indirect common control with such other Person. For
purposes of determining whether a Person is an Affiliate, the term “control” and its correlative
forms “controlled by” and “under common control with” shall mean the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through ownership of securities, contract or otherwise. Notwithstanding the
foregoing, when used with respect to Purchaser, “Affiliates” shall mean MiTek, Inc., and its direct
and indirect subsidiaries.

     “Agreement” shall have the meaning ascribed to such term in the first paragraph
hereof.

     “Ancillary Agreements” shall have the meaning ascribed to such term in Section 3.04
hereof.

     “Applicable Law” means, with respect to any Person, property, transaction, event or
other matter, any foreign or domestic constitution, treaty, law, statute, regulation, code,
ordinance, Governmental Order or other requirement having the force of law.

     “Base Purchase Price” means the sum of Fifty Eight Million U.S. Dollars
(US$58,000,000.00).

     “Base Renown Purchase Price” means the sum of Seventeen Million Four Hundred Thousand
U.S. Dollars (US$17,400,000.00).

     “Base USP Purchase Price” means the sum of Forty Million Six Hundred Thousand U.S.
Dollars (US$40,600,000.00).

     “Basket Amount” shall have the meaning ascribed to such term in Section 7.05(a) (i)
hereof.

     “Business” means the development, design, manufacture, distribution, marketing and
sale of fabricated metal products as conducted by USP and Renown on the date hereof.

     “Business Day” means a day other than a Saturday, Sunday or other day on which
commercial banks in Buffalo, New York are authorized or required by law to close.

     “Canadian Income Tax Act” means the Income Tax Act, R.S.C. 1985, c.1 (5th Supplement)
and the regulations thereunder.

     “Closing” shall have the meaning ascribed to such term in Section 2.04 hereof.

     “Closing Date” shall have the meaning ascribed to such term in Section 2.04 hereof.

     “Closing Renown Net Working Capital” means the Current Assets of Renown minus the
Current Liabilities of Renown, determined as of the Effective Time, as finally determined pursuant
to Section 2.08 hereof.

2

 

     “Closing USP Net Working Capital” means Current Assets of USP minus the Current
Liabilities of USP, determined as of the Effective Time, as finally determined pursuant to Section
2.08 hereof.

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Competition Act” means the Competition Act, R.S.C. 1985, c. C-34, and the regulations
thereunder.

     “Competitive Business” shall have the meaning ascribed to such term in Section 5.06(a)
(i) hereof.

     “Confidentiality Agreement” shall have the meaning ascribed to such term in Section
5.06(e) hereof.

     “Contract” means any written or oral contract, agreement, mortgage, deed of trust,
bond, indenture, lease, license, note, franchise, certificate, option, warrant, right, instrument
or other commitment or obligation and any amendment, supplement or modification thereto.

     “Continuing Employees” shall have the meaning ascribed to such term in Section 5.12
hereof.

     “Current Assets” means, on a particular date, each of the following determined in
accordance with GAAP with respect to USP or Renown, whichever the case may be: accounts receivable
(net of any allowance for bad debts), inventory (net of any allowance or other reserve), prepaid
expenses, deposits and other assets that are likely to be sold, exchanged, or expensed in the
Ordinary Course of Business of USP or Renown, within one year of such date, but excluding (a) cash,
cash equivalents and marketable securities (including the USP Outstanding Check Amount and the
Renown Outstanding Check Amount), and (b) Intercompany Accounts.

     “Current Liabilities” means, on a particular date, each of the following determined in
accordance with GAAP with respect to USP or Renown, whichever the case may be: accounts payable and
accrued expenses payable coming due within one year of such date, including stay bonuses identified
in Schedule 3.20(a) hereof and the associated employer payroll taxes payable with respect
to such stay bonuses but excluding (a) all amounts of outstanding Indebtedness that are repaid by
the Seller, USP or Renown at the Closing; (b) Intercompany Accounts and (c) liabilities for Renown
Outstanding Check Amounts and USP Outstanding Check Amounts.

     “Current Year” shall have the meaning ascribed to such term in Section 5.12 hereof.

     “December 31 Balance Sheet” means the consolidated balance sheet of the Business,
dated as of December 31, 2010, a copy of which has been delivered to the Purchaser.

3

 

     “Dispute Notice” shall have the meaning ascribed to such term in Section 2.08(d)
hereof.

     “Disclosed Environmental Matters” shall have the meaning ascribed to such term in
Section 7.02(a)(xiii) hereof.

     “Effective Time” means, in the case of USP, 11:59 p.m. Central Time on the Closing
Date and in the case of Renown, 11:59 p.m. Eastern Time on the Closing Date.

     “Employee” means an individual who is employed by USP and/or Renown, whether on a
full-time or part-time basis.

     “Employee Plans” shall have the meaning ascribed to such term in Section 3.20(a)
hereof.

     “Encumbrance” means any security interest, pledge, mortgage, lien, charge,
encumbrance, beneficial ownership interest, adverse claim, impairment, conditional sale agreement,
retention agreement, option, right of first option, right of first refusal (or similar
restriction), easement, right of way, encroachment, servitude, restriction or limitation of any
kind or nature, including any restriction on use, voting, transfer, receipt of income, or exercise
of any other attribute of ownership, excluding, in the case of any securities, any limitations on
the right to transfer securities arising under Applicable Law.

     “Environmental Laws” means all Federal, State, Provincial, local and foreign Laws,
orders, judgments and consent decrees as in effect on or prior to the Effective Time relating to or
governing the protection of health, safety, environment or natural resources, prohibitions or that
otherwise imposes liability or standards of conduct concerning: (a) protection of the indoor or
outdoor environment; (b) pollution or pollution control; and (c) the management, containment,
manufacture, possession, presence, use, processing, generation, transportation, treatment, storage,
disposal, Release, abatement, removal, remediation or handling of or exposure to any contaminant or
hazardous, toxic, deleterious, carcinogenic, mutagenic, radioactive, corrosive, reactive, injurious
or otherwise harmful chemical, constituent, substance, material, product or waste, and including,
without limitation, the Federal Insecticide, Fungicide and Rodenticide Act (7 U.S.C. 136 et seq.),
the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.), the Resource Conservation and
Recovery Act (42 U.S.C. 6901 et seq.), the Comprehensive Environmental Response Compensation and
Liability Act (“CERCLA”) (42 U.S.C. 9601 et seq.), the Clean Air Act (42 U.S.C. 7401 et seq.), the
Toxic Substances Control Act (15 U.S.C. 2601 et seq.), the Occupational Safety and Health Act (29
U.S.C. 651 et seq.), the Hazardous Material Transportation Act (49 U.S.C. 1801 et seq.), and any
Canadian Laws generally addressing the same subject matter and any similar Federal, State,
Provincial, local and foreign Laws and all rules and regulations promulgated according thereto, all
as amended from time to time.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

4

 

     “Established Renown Net Working Capital” means the sum of One Million Five Hundred
Thousand U.S. Dollars (US$1,500,000.00).

     “Established USP Net Working Capital” means the sum of Three Million Five Hundred
Thousand U.S. Dollars (S$3,500,000.00).

     “Expired Patent” shall have the meaning ascribed to such term in Section 5.07 hereof.

     “Expired Patent Inventor” shall have the meaning ascribed to such term in Section 5.07
hereof.

     “Financial Statements” shall have the meaning ascribed to such term in Section 3.07
hereof.

     “GAAP” means U.S. generally accepted accounting principles as consistently applied by
USP and Renown.

     “Governmental Authority” means any government or governmental, administrative or
regulatory body thereof, whether Federal, State, local, national, provincial, municipal or foreign,
any agency or instrumentality thereof and any court, tribunal or judicial or arbitral body thereof.

     “Governmental Order” means any order, writ, judgment, stipulation, determination or
award made, issued or entered into by or with any Governmental Authority.

     “Hazardous Material” means any: (a) “hazardous waste” as defined in the Resource
Conservation and Recovery Act of 1976 (42 U.S.C. § 6901 et seq.), as amended
through the Effective Time, and regulations promulgated thereunder; (b) any substance defined as a
contaminant, pollutant, dangerous, toxic or hazardous substance pursuant to any Environmental Law,
including, without limitation, any “hazardous substance” as defined in CERCLA; (c) petroleum; (d)
asbestos: and (e) any hazardous, toxic, deleterious, carcinogenic, mutagenic, radioactive,
corrosive, reactive, injurious or otherwise harmful chemical, constituent, substance, material,
product or waste, the use, handling, presence, importing, reporting, recycling, disposal or Release
of which is regulated, assessed or prohibited by or pursuant to any applicable Environmental Law.

     “Houston Warehouse” has the meaning ascribed to such term in Section 2.05(i) hereof.

     “Incidental Competitor” has the meaning ascribed to such term in Section 5.06(e)
hereof.

     “Indebtedness” means (a) all indebtedness for borrowed money, (b) any other
indebtedness that is evidenced by a note, bond, debenture, capital lease, guaranty or similar
instrument, (c) all accrued interest, premium, fees, or expenses, with respect to such
indebtedness, (d) bank overdrafts and (e) any other obligations to pay money other than trade
payables which are outstanding for less than ninety one (91) days from invoice date, accrued
expenses and rent payments due under any operating leases.

5

 

     “Indemnified Party” shall have the meaning ascribed to such term in Section 7.04(a)
hereof.

     “Indemnifying Party” shall have the meaning ascribed to such term in Section 7.04(a)
hereof.

     “Independent Accounting Firm” shall have the meaning ascribed to such term in Section
2.08(d) hereof.

     “Intellectual Property” means all Software (as hereinafter defined), patents,
industrial designs, copyrights, works of authorship, benefits of moral rights waivers, technology,
trade secrets, including methods, techniques, processes and know-how, inventions, proprietary data,
formulae and research and development data; all trademarks, trade names, trade dress, logos, domain
names, service marks and service names; all registrations, applications, rights of priority,
recordings, licenses and common-law rights relating thereto; all rights to sue at law or in equity
for any past or future infringement or other impairment thereof, including the right to receive all
proceeds and damages therefrom, all rights to obtain renewals, reissues, continuations,
reexaminations, divisions or other extensions of legal protections pertaining thereto and all
goodwill relating to the foregoing.

     “Intercompany Accounts” means the accounts maintained by Seller, USP and Renown (in
accordance with their customary practices) in which there are recorded the amounts owed (plus
interest, if any, accrued through the Effective Time) by Seller or any of its Affiliates (other
than USP and Renown) to USP or Renown or by USP or Renown to Seller or any of its Affiliates (other
than USP or Renown), attributable to intercompany transactions through the Effective Time in
respect of cash advances, current federal and state taxes payable and receivable, intercorporate
expense allocations, and other corporate charges or transactions in goods or services, whether
provided by Seller or any of its Affiliates (other than USP and Renown) to USP or Renown or by USP
or Renown to Seller or any of its Affiliates (other than USP and Renown).

     “Law” has the meaning set out in the definition of “Applicable Law”.

     “Leased Real Property” shall have the meaning ascribed to such term by Section 3.16
hereof.

     “Liability” means any debt, loss, damage, adverse claim, fine, penalty, liability or
obligation of any kind, whether direct or indirect, known or unknown, asserted or unasserted,
accrued or unaccrued, absolute, contingent, matured or unmatured, liquidated or unliquidated,
disputed or undisputed, due or to become due and whether in contract, tort, strict liability or
otherwise.

     “Losses” shall mean any and all damages, liabilities, deficiencies, claims, actions,
demands, amounts paid in settlement, judgments, awards, interest, losses, deficiencies,
assessments, obligations, fines, penalties, Taxes or costs or expenses of whatever kind including
costs of investigation and defense, court costs and reasonable attorneys’ fees and expenses;

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provided, however, that “Losses” shall not include loss of profits, punitive
damages or other special, incidental or consequential damages; provided that, the
foregoing proviso shall not limit the right of any Indemnified Party to indemnification in
accordance with this Agreement with respect to any such damages to the extent incurred in
connection with a Third Party Claim. For the avoidance of doubt, in the event that an Indemnified
Party incurs any additional Liabilities or expenses other than as a result of a Third Party Claim
which it is determined that the Indemnified Party is entitled to be indemnified from and against,
the amount of the Losses which the Indemnified Party shall be entitled to recover from the
Indemnifying Party shall not be calculated by using a multiple of earnings, book value or other
similar measure that may have been used in arriving at or that may be reflective of the Purchase
Price.

     “Material Adverse Effect” means a change, event, occurrence, violation, inaccuracy or
circumstance, the effect of which is both material and adverse to: (a) the business, assets,
properties, results of operations or condition (financial or otherwise) of USP and Renown,
individually or taken as a whole; or (b) the ability of the Seller or Purchaser to consummate the
transactions contemplated by this Agreement; provided, however, that Material
Adverse Effect shall not include: (i) changes in business or economic conditions affecting the
U.S., Canadian or global economy generally; (ii) changes in the industry in which USP and Renown
operate generally; (iii) changes in stock markets, credit markets, Tax rates or new Taxes, interest
rates, exchange rates or other matters affecting the U.S., Canadian or global economy generally;
(iv) the enactment or implementation of any new Law; (v) the issuance of any orders, decrees,
policies, consents or judgments of any regulatory authority or court; (vi) the adoption of any
required change in U.S. generally accepted accounting principles; (vii) acts of God or other
calamities, national or international political or social actions of conditions, including the
engagement by any country in hostilities, whether commenced before or after the date hereof and
whether or not pursuant to the declaration of any national emergency or war or the occurrence of
any military or terrorist attack; (viii) any act, omission or event to which the Purchaser has
explicitly consented in writing; (ix) the execution and delivery of this Agreement or any event
occurring as a result of any announcement relating to this Agreement; or (x) any item or items set
forth in the Schedules but only to the extent that between the date hereof and the Effective Time,
the reasonably anticipated effect on USP and/or Renown is not increased or decreased in any manner
which would reasonably be expected to be materially adverse to USP and/or Renown, individually or
in the aggregate; provided that, the exceptions noted in (b)(i) through (x) set forth above shall
not apply if and to the extent such change, enactment, implementation, adoption, or event has a
disproportionately material effect on USP and Renown, individually or taken as a whole, as compared
to similarly situated companies in substantially the same industry.

     “Material Contracts” shall have the meaning ascribed to such term in Section 3.13
hereof.

     “Net Intercompany Accounts” means the amount of the Intercompany Accounts owing to
Seller and/or its Affiliates (other than USP or Renown) by USP or Renown, net of the Intercompany
Accounts owing to USP or Renown by Seller and/or its Affiliates (other than USP and Renown).

     “Objection Period” shall have the meaning ascribed to such term by Section 2.08(b)
hereof.

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     “Ordinary Course of Business” means an action taken by a Person that: (a) is
consistent in all material respects in nature, scope, and magnitude with the past practices of such
Person and is taken in the ordinary course of the normal, day-to-day operations of such Person; and
(b) does not require authorization by the board of directors of such Person (or by any Person or
group of Persons exercising similar authority) and does not require any other separate or special
authorization of any nature.

     “Organizational Documents” means (a) the articles or certificate of incorporation and
the bylaws of a corporation; (b) the certificate of formation and limited liability company
agreement, operating agreement, or like agreement of a limited liability company; (c) the
partnership agreement and any statement of partnership of a general partnership; (d) the limited
partnership agreement and the certificate of limited partnership of a limited partnership; (e) any
charter or agreement or similar document adopted or filed in connection with the creation,
formation, or organization of a Person; and (f) any amendment to or restatement of any of the
foregoing.

     “Owned Real Property” shall have the meaning ascribed to such term in Section 3.15(a)
hereof.

     “Parent” means Gibraltar Industries, Inc., a Delaware corporation.

     “Permit” means all approvals, licenses, permits, authorizations, certificates and
registrations issued by any Person and applications therefor.

     “Permitted Liens” means each of the following: (a) liens for Taxes that are not yet
due and payable; (b) easements, covenants, restrictions (including zoning and building
restrictions) and/or rights of way which do not, individually or in the aggregate, materially
interfere with the right or ability to use or operate the Real Property as such Real Property is
currently used; (c) statutory liens created in the Ordinary Course of Business (provided that any
amount payable in connection with the transaction which created any such lien is not delinquent or
being contested in good faith) which are not, individually or in the aggregate, material to the
Business of either USP or Renown; (d) limitations on rights to use and dispose of Intellectual
Property arising under the terms of those licenses of Intellectual Property set forth on
Schedule 3.14(a); (e) liens arising under conditional sales contracts and equipment leases
with third parties entered into in the Ordinary Course of Business; and (f) any state of facts
which current, accurate surveys of the Owned Real Property would show, provided that such state of
facts would not materially interfere with the conduct of the Business either parcel of Owned Real
Property as it is presently conducted.

     “Person” is to be broadly interpreted and includes any individual, corporation,
general partnership, limited partnership, limited liability company, limited liability partnership,
unincorporated organization, Governmental Authority, association, trust or any other entity or
organization, including a government or political subdivision or an agency or instrumentality
thereof, and the executors, administrators or other legal representatives of an individual in such
capacity.

8

 

     “Personal Property Leases” shall have the meaning ascribed to such term in Section
3.23 hereof.

     “Post Support Patent” shall have the meaning ascribed to such term in Section 5.07
hereof.

     “Proposed Renown Closing Balance Sheet” means a balance sheet of Renown, prepared by
the Purchaser in accordance with GAAP and containing a statement of the Renown Net Working Capital,
determined as of the Effective Time.

     “Proposed USP Closing Balance Sheet” means a balance sheet of USP, prepared by the
Purchaser in accordance with GAAP and containing a statement of the USP Net Working Capital,
determined as of the Effective Time.

     “Purchase Price” means an amount equal to the sum of the USP Purchase Price and the
Renown Purchase Price.

     “Purchaser” shall have the meaning ascribed to such term in the first paragraph of
this Agreement.

     “Purchaser Indemnified Party” shall have the meaning ascribed to such term in Section
7.02(a) hereof.

     “Real Property” means the Owned Real Property and the Leased Real Property.

     “Recovery Claim” shall have the meaning ascribed to such term in Section 7.02(a) (i)
hereof

     “Release” means any release, spill, emission, leaking, pumping, injection, deposit,
disposal, discharge, dispersal, or dumping of Hazardous Materials into the environment, but
excludes: (a) emissions from the engine exhaust of a motor vehicle, and (b) the normal application
of household chemicals such as pesticides, herbicides and fertilizers.

     “Renown” shall have the meaning ascribed to such term in the first paragraph hereof.

     “Renown Cash Shortfall” shall have the meaning ascribed to such term in Section
2.07(c) hereof.

     “Renown Cash Statement” shall have the meaning ascribed to such term in Section
2.07(c) hereof.

     “Renown Closing Balance Sheet” means the Proposed Renown Closing Balance Sheet as
finally determined pursuant to Section 2.08 hereof.

     “Renown Excess Cash” shall have the meaning ascribed to such term in Section 2.07(c)
hereof.

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     “Renown Net Working Capital” means the Current Assets of Renown minus the Current
Liabilities of Renown, determined as of the Effective Time by the Purchaser as contemplated by
Section 2.08 hereof.

     “Renown Outstanding Checks” shall have the meaning ascribed to such term in Section
2.07(a) hereof.

     “Renown Outstanding Check Amount” shall have the meaning ascribed to such term in
Section 2.07(a) hereof.

     “Renown Purchase Price” shall mean the Base Renown Purchase Price, subject to
adjustment pursuant to Section 2.08 hereof.

     “Renown Shares” means the one hundred (100) shares in the capital of Renown.

     “Securities Act” means the Securities Act of 1933, as amended.

     “Seller” shall have the meaning ascribed to such term in the first paragraph hereof.

     “Seller Indemnified Party” shall have the meaning ascribed to such term in Section
7.03(a) hereof.

     “Shares” means, collectively, the Renown Shares and the USP Shares.

     “Software” means any and all: (a) computer programs including any and all software
implementations of algorithms, models and methodologies, whether in source code or object code,
including all software developed by, for, or in connection with the Business and all software that
USP or Renown licenses, leases or otherwise obtains, directly or indirectly, from third parties;
(b) databases and compilations, including any and all data and collections of data, whether machine
readable or otherwise; (c) descriptions, flow charts and other work product used to design, plan,
organize and develop any of the foregoing, screens, menus, buttons and icons; and (d) all
documentation, including user manuals and other training documentation related to any of the
foregoing.

     “Specified Representations” means the representations and warranties of the Seller
contained in Sections 3.01-3.04 (inclusive), 3.05(a) and 3.25, and the representations and
warranties of the Purchaser contained in Sections 4.01, 4.02(a) and 4.04.

     “StrucSoft Operating Agreement” means Amended and Restated Operating Agreement of
Structural Soft, LLC dated as of May 24, 2010 by and among United Steel Products Company, Inc.,
Mohamed S. Genidy, Taga L. Genidy, and Sohail Akhter, as Members, and Mohamed S. Genidy, Taga L.
Genidy, and Stephen L. Duffy, as Managers.

     “StrucSoft Units” has the meaning set forth in Section 3.02.

10

 

     “Survival Period” shall have the meaning ascribed to such term by Section 7.01(a)
hereof.

     “Targeted Customers” has the meaning ascribed to such term by Section 5.06(a)(ii).

     “Tax Authority” means a Federal, State, local, national, provincial and municipal or
foreign Governmental Authority having jurisdiction over the assessment, determination, collection
or imposition of any Tax, as the context requires.

     “Tax Returns” means all returns, information returns, reports, elections, agreements
or declarations filed or required to be filed with any applicable Governmental Authority in respect
of Taxes.

     “Tax or Taxes” means all Federal, State, local, provincial or foreign taxes, charges,
fees, levies or other assessments, including without limitation, all net income, gross income,
gross receipts, goods and services, harmonized sales, value added, activity, capital, capital
stock, inventory, sales, use, ad valorem, transfer, franchise, profits, license, withholding,
payroll, employment, excise, estimated, severance, stamp, occupation, property or other taxes,
customs, duties, fees, or similar charges, in the nature of a tax including Canadian Pension Plan
and provincial pension plan contributions, employment insurance and unemployment, insurance
payments and workers’ compensation premiums, together with any installments with respect thereto,
and any interest, fines and penalties, in all cases imposed by any Governmental Authority in
respect thereof and whether disputed or not, and any tax resulting from indemnification for taxes
or otherwise.

     “Termination Date” shall have the meaning ascribed to such term in Section 8.01
hereof.

     “Third Party Claim” shall have the meaning ascribed to such term in Section 7.04(a)
hereof.

     “To the knowledge,” “known by” or “known” (and any similar phrase)
means the actual knowledge of Henning Kornbrekke, Timothy Heasley, Stephen Duffy, Barry Ashwell and
James Scott and the knowledge which such individuals would reasonably be expected to have in the
ordinary course performance of their duties, including, but not limited to, their responsibilities
in connection with the transactions contemplated by this Agreement.

     “Transaction Expenses” shall mean the amount representing all fees and expenses
incurred by the Seller or for which the Seller is contractually obligated in connection with this
Agreement and the transactions contemplated by this Agreement, including the fees and expenses of
counsel, investment bankers, brokers, accountants and other experts.

     “WARN Act” means the United States Worker Adjustment and Retraining Notification Act
and the rules and regulations promulgated thereunder.

     “USP” shall have the meaning ascribed to such term in the first paragraph hereof.

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     “USP Cash Shortfall” shall have the meaning ascribed to such term by Section
2.07(b) hereof.

     “USP Cash Statement” shall have the meaning ascribed to such term in Section 2.07(b)
hereof.

     “USP Closing Balance Sheet” means the Proposed USP Closing Balance Sheet as finally
determined pursuant to Section 2.08 hereof.

     “USP Excess Cash” shall have the meaning ascribed to such term by Section 2.07(b)
hereof.

     “USP Minute Book” shall have the meaning ascribed to such term by Section 2.05(i)
hereof.

     “USP Net Working Capital” means the Current Assets of USP minus the Current
Liabilities of USP, determined as of the Effective Time by the Purchaser as contemplated by Section
2.08 hereof.

     “USP Outstanding Checks” shall have the meaning ascribed to such term in Section
2.07(a) hereof.

     “USP Outstanding Check Amount” shall have the meaning ascribed to such term in Section
2.07(a) hereof.

     “USP Purchase Price” shall mean the Base USP Purchase Price, subject to adjustment
pursuant to Section 2.08 hereof.

     “USP Shares” means the 41,300 shares of voting common stock, par value $0.10 per
share, and the 348,314 shares of non-voting common stock, par value $0.10 per share, of USP.

     1.02 Rules of Construction. (a) Unless the context of this Agreement otherwise
clearly requires: (i) references to the plural include the singular, and references to the singular
include the plural; (ii) references to any gender include the other genders; (iii) the words
“include,” “includes” and “including” do not limit the preceding terms or words and shall be deemed
to be followed by the words “without limitation”; (iv) the term “or” has the inclusive meaning
represented by the phrase “and/or”; (v) the terms “hereof”, “herein”, “hereunder”, “hereto” and
similar terms in this Agreement refer to this Agreement as a whole and not to any particular
provision of this Agreement; (vi) the terms “day” and “days” mean and refer to calendar day(s);
(vii) the terms “year” and “years” mean and refer to calendar year(s); and (viii) the term
“dollars” shall mean United States dollars.

          (b) Unless otherwise set forth herein, references in this Agreement to: (i) any document,
instrument or agreement (including this Agreement): (A) includes and incorporates all exhibits,
schedules and other attachments thereto; and (B) means such documents, instruments or agreements,
as amended, modified or supplemented from time to time; and (ii) a particular Law

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means such Law as in effect (including any amendments, modifications or supplements thereto)
on the date hereof and as of the Effective Time. All Article, Section, Exhibit and Schedule
references herein are to Articles, Sections, Exhibits and Schedules of this Agreement, unless
otherwise specified. This Agreement shall not be construed as if prepared by one of the parties,
but rather according to its fair meaning as a whole, as if all parties had prepared it.

ARTICLE 2.

PURCHASE AND SALE

     2.01 Purchase and Sale of the Shares.  (a) Subject to the terms and conditions
of this Agreement, at the Effective Time, Seller shall sell, assign, transfer, convey and deliver
the USP Shares to MiTek-USA, and MiTek-USA shall purchase, acquire and accept the USP Shares from
Seller free and clear of all Encumbrances.

          (b) Subject to the terms and conditions of this Agreement, at the Effective Time, Seller
shall sell, assign, transfer, convey and deliver the Renown Shares to MiTek-Canada and MiTek-Canada
shall purchase, acquire and accept the Renown Shares from Seller free and clear of all
Encumbrances.

     2.02 Payment of Purchase Price. The Purchase Price shall be satisfied as follows:

          (a) (i) by payment of the USP Base Purchase Price by MiTek-USA to the Seller on the Closing
Date by wire transfer of immediately available funds to an account specified by the Seller in
writing and (ii) by the payment of any post-Closing adjustment to the USP Base Purchase Price in
accordance with Section 2.08 below; and

          (b) (i) by payment of the Renown Base Purchase Price by MiTek-Canada to the Seller on the
Closing Date by wire transfer of immediately available funds to an account specified by the Seller
in writing and (ii) by the payment of any post-Closing adjustment to the Renown Base Purchase Price
in accordance with Section 2.08 below.

     2.03 Allocation of Purchase Price. Seller and Purchaser have allocated the Purchase Price
between the Renown Shares and the USP Shares as provided herein. Seller and Purchaser covenant and
agree that (a) Seller and Purchaser will prepare and file all Tax Returns on a basis consistent
with such allocation and will cooperate with each other in connection with the preparation,
execution and filing of all Tax Returns related to such allocation and (b) Seller and Purchaser
will promptly advise each other regarding the existence of any tax audit, controversy or litigation
related to such allocation.

     2.04 Closing. Subject to the terms and conditions of this Agreement (including those
contained in Article 8), the sale and purchase of the Shares shall take place and become effective
at a closing (the “Closing”) to be held at the offices of Lippes Mathias Wexler Friedman LLP. The
parties may also agree to close the transactions contemplated hereby through the mutual exchange of
documents and funds in a manner acceptable to the parties and their respective counsel without the
need for a meeting of the parties to conduct the Closing. Unless earlier

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terminated pursuant to Article 8, and if not so terminated, then provided that all closing
conditions contained in Article 6 have been satisfied, the Closing shall take place on March 10,
2011 or on such other date as may be mutually agreed to by the parties (the date on which the
Closing occurs being hereinafter the “Closing Date”). Notwithstanding the actual occurrence of the
Closing at any particular time on the Closing Date, the Closing shall be deemed to occur and be
effective at the Effective Time.

     2.05 Closing Deliveries by the Seller. At the Closing, subject to satisfaction or waiver
of each of the conditions to the obligations of the Seller set forth in Section 6.01 of this
Agreement, Seller shall deliver or cause to be delivered to the Purchaser the following:

          (a) stock/share certificates representing the Shares duly endorsed in blank or accompanied by
stock/share transfer powers and with all requisite stock/share transfer tax stamps attached;

          (b) the certificates and agreements referred to in Section 6.02(a) , Section 6.02(d) and
Section 6.02(e);

          (c) copies of all consents and waivers referred to in Section 6.02(c) ;

          (d) the transition services agreement referred to in Section 5.10;

          (e) a non-foreign transferor affidavit, an owner’s affidavit, GAP undertaking and other
documents as may be reasonably requested by a title company in connection with the issuance of
title policies with respect to the Owned Real Property;

          (f) agreements from Seller and its Parent, in form and substance reasonably acceptable to
Purchaser releasing all claims against USP and Renown;

          (g) a written resignation from each director and officer of USP and Renown that will not
continue with the Business after Closing and a written resignation of Stephen L. Duffy from his
position as a Manager of Structural Soft, LLC, a California limited liability company;

          (h) all of the minute books of USP and Renown which are in the possession of the Seller, USP
and Renown, which, in the case of the USP minute books, means the minute book containing the record
of the proceedings of the Board of Directors and stockholders of USP, beginning January 8, 1998
(hereinafter the “USP Minute Book”);

          (i) an amendment to the Warehouse Lease Agreement dated March 15, 2010 between DOT Metal
Products, as lessor, and USP, as lessee for premises located at 3004-B Aldine Bender Road (RRI),
Houston, Texas 77302 (such premises being hereinafter the “Houston Warehouse”);

          (j) a schedule of all USP Outstanding Checks and all Renown Outstanding Checks, in each case
determined as of the close of business on the Business Day immediately preceding the Closing Date;

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          (k) a consent to the assignment of the Multi-Tenant Industrial Lease dated March 3, 2004
between Mount Holly By-Pass LLC and United Steel Products Company, Inc., as amended by Lease
Amendment No.1 dated February 19, 2009;

          (l) a guarantee from the Parent guaranteeing the payment and performance of each of Seller’s
obligations and the obligations of Seller’s Affiliates hereunder; and

          (m) such other documents as the Purchaser shall reasonably request.

     2.06 Closing Deliveries by the Purchaser.
At the Closing, subject to satisfaction or waiver of each of the conditions to the obligations of
the Purchaser set forth in Section 6.02 of this Agreement, the Purchaser shall deliver or cause to
be delivered to the Seller:

          (a) (i) the USP Base Purchase Price by MiTek-USA by wire transfer of immediately available
funds to an account designated by the Seller in writing, and (ii) the Renown Base Purchase Price by
MiTek-Canada by wire transfer of immediately available funds to an account designated by the Seller
in writing;

          (b) the certificate referred to in Section 6.01(a);

          (c) a certificate from the Secretary of the Purchaser to which is attached a true and correct
copy of each of the constituent documents of the Purchaser, as well as a Good Standing Certificate
of the Purchaser issued by the Secretary of State of its jurisdiction of organization; and

          (d) such other documents as the Seller shall reasonably request.

     2.07 Post-Closing Payment of Excess Cash.  (a) On the Closing Date and prior to
the Effective Time, it is expected that USP will receive cash arising from operations including
from collection of accounts receivable and it is further expected that USP will have other
miscellaneous cash in petty cash and other accounts on the Closing Date. Subject to the provisions
of this Section 2.07, Seller shall cause USP to take commercially reasonable efforts to minimize
the amount of the cash held by USP as of the Effective Time. In addition, as of the Effective
Time, it is expected that there will be cash held by Renown arising from operations, including from
collection of accounts receivable and it is further expected that Renown will have other
miscellaneous cash in accounts. It is also expected that each of USP, Renown and/or Seller will be
obligated under amounts due pursuant to checks that are issued and outstanding as of the Closing,
but which have not been posted to a Company bank account as of the Effective Time (such outstanding
checks, in the case of checks written by USP, the “ USP Outstanding Checks” and in the case of
checks written by Renown, the “Renown Outstanding Checks” and the aggregate amount due pursuant to
the USP Outstanding Checks being the “USP Outstanding Check Amounts” and the aggregate amount due
pursuant to the Renown Outstanding Checks being the “Renown Outstanding Check Amounts”). As a
result, and notwithstanding the right and obligation of Seller to minimize cash, Seller will use
commercially reasonable efforts to

15

 

maintain cash accounts of the Companies in the amount necessary to fund the aggregate amount
of the USP Outstanding Check Amounts and the Renown Outstanding Check Amounts.

          (b) Purchaser shall, no later than the end of the fifteen (15) Business Day period beginning
on the first Business Day following the Closing Date, deliver to Seller a written statement of the
amount of the cash held by USP as of the Effective Time (the “USP Cash Statement”). If the USP
Cash Statement reflects cash held in accounts of USP in excess of the USP Outstanding Check Amount
(“USP Excess Cash”), then the Purchaser shall pay to Seller, by wire transfer of immediately
available funds, on the date that Purchaser delivers the USP Cash Statement to Seller, an amount
equal to the amount of the USP Excess Cash. In the event the Cash Statement reflects that cash
held in accounts of USP is less than the USP Outstanding Check Amount (the “USP Cash Shortfall”),
then the amount of the USP Cash Shortfall shall be paid by Seller to Purchaser promptly upon
receipt of USP Cash Statement. In the event of any dispute between Seller and Purchaser as to the
amount of the USP Excess Cash or USP Cash Shortfall, the Seller and the Purchaser shall attempt to
resolve their dispute as to the amount of the USP Excess Cash or USP Cash Shortfall in connection
with the adjustment, if applicable, to the Base USP Purchase Price provided for in Section 2.08
hereof and, in the event that the Seller and the Purchaser are not able to agree upon the amount of
the USP Excess Cash or USP Cash Shortfall, the determination of the amount of the USP Excess Cash
or USP Cash Shortfall shall be submitted to the Independent Accounting Firm for resolution.

          (c) Purchaser shall, no later than the end of the fifteen (15) Business Day period beginning
on the first Business Day following the Closing Date, deliver to Seller a written statement of the
amount of the cash held by Renown as of the Effective Time (the “Renown Cash Statement”). If the
Renown Cash Statement reflects cash held in accounts of Renown in excess of the Renown Outstanding
Check Amount (“Renown Excess Cash”), then the Purchaser shall pay to Seller, by wire transfer of
immediately available funds, on the date that Purchaser delivers the Renown Cash Statement to
Seller, an amount equal to the amount of the Renown Excess Cash. In the event the Renown Cash
Statement reflects that cash held in accounts of Renown is less than the Renown Outstanding Check
Amount (the “Renown Cash Shortfall”), then the amount of the Renown Cash Shortfall shall be paid by
Seller to Purchaser promptly upon receipt of Renown Cash Statement. In the event of any dispute
between Seller and Purchaser as to the amount of the Renown Excess Cash or Renown Cash Shortfall,
the Seller and the Purchaser shall attempt to resolve their dispute as to the amount of the Renown
Excess Cash or Renown Cash Shortfall in connection with the adjustment, if applicable, to the Base
Renown Purchase Price provided for in Section 2.08 hereof and, in the event that the Seller and the
Purchaser are not able to agree upon the amount of the Renown Excess Cash or Renown Cash Shortfall,
the determination of the amount of the Renown Excess Cash or Renown Cash Shortfall shall be
submitted to the Independent Accounting Firm for resolution.

     2.08 Post Closing Adjustment to Purchase Price. The Purchase Price shall be subject to
adjustment after the Closing as follows:

          (a) The Purchaser shall prepare and deliver to Seller, simultaneously and no later than the
end of the sixty (60) day period beginning on the first day following the Closing Date, a Proposed
USP Closing Balance Sheet and a Proposed Renown Closing Balance Sheet.

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          (b) The Proposed USP Closing Balance Sheet and the USP Net Working Capital as stated therein
shall be deemed to be final, binding and conclusive on the parties (at which time the Proposed USP
Closing Balance Sheet shall be deemed to constitute the Closing USP Balance Sheet and the USP Net
Working Capital shall be deemed to be the Closing USP Net Working Capital upon the earliest of: (i)
the date on which Seller delivers an Acceptance Notice to the Purchaser; (ii) in the event that
Seller does not deliver an Acceptance Notice or a Dispute Notice to the Purchaser before the end of
the sixty (60) day period beginning on the first day following the date on which the Proposed USP
Closing Balance Sheet and the Proposed Renown Closing Balance Sheet are delivered by the Purchaser
to Seller (such period being hereinafter the “Objection Period”), the first day following the
expiration of such Objection Period; and (iii) in the event that Seller delivers a Dispute Notice
to the Purchaser within the Objection Period, the date on which all disputes between Seller and the
Purchaser concerning the amount of the USP Net Working Capital and the Renown Net Working Capital
as of the Effective Time have been resolved in writing, whether by agreement of the Purchaser and
Seller or by the Independent Accounting Firm as provided for by Section 2.08(d) hereof.

          (c) The Proposed Renown Closing Balance Sheet and the Renown Net Working Capital as stated
therein shall be deemed to be final, binding and conclusive on the parties (at which time the
Proposed Renown Closing Balance Sheet shall be deemed to constitute the Closing Renown Balance
Sheet and the Renown Net Working Capital shall be deemed to be the Closing Renown Net Working
Capital upon the earliest of: (i) the date on which Seller delivers an Acceptance Notice to the
Purchaser; (ii) in the event that Seller does not deliver an Acceptance Notice or a Dispute Notice
to the Purchaser before the end of the Objection Period, the first day following the expiration of
such Objection Period; and (iii) in the event that Seller delivers a Dispute Notice to the
Purchaser within the Objection Period, the date on which all disputes between Seller and the
Purchaser concerning the amount of the USP Net Working Capital and the Renown Net Working Capital
as of the Effective Time have been resolved in writing, whether by agreement of the Purchaser and
Seller or by the Independent Accounting Firm as provided for by Section 2.08(d) hereof.

          (d) During the Objection Period, the Purchaser shall provide Seller with access to all of the
documents, books and records used by the Purchaser in preparing the Proposed USP Closing Balance
Sheet and the Proposed Renown Closing Balance Sheet. Seller shall have the right to either accept
or dispute the amounts reflected on the Proposed USP Closing Balance Sheet, including the amount of
the USP Net Working Capital as reflected therein, and the right to either accept or dispute the
amounts reflected on the Proposed Renown Closing Balance Sheet, including the amount of the Renown
Net Working Capital as reflected therein, in each case, by delivering written notice (as
applicable, an “Acceptance Notice” or a “Dispute Notice”) to the Purchaser before the expiration of
the Objection Period. The Dispute Notice shall identify with reasonable particularity each
disputed item on the Proposed USP Closing Balance Sheet and/ or the Proposed Renown Balance Sheet,
shall specify the amount of such dispute and shall set forth the general basis for each item in
dispute. In the event of any such dispute, Seller and the Purchaser shall attempt in good faith to
reconcile their dispute, and any resolution by them as to any disputed items shall be final,
binding and conclusive on Seller and the Purchaser. If Seller and the Purchaser are unable to
reach a resolution of their differences within thirty (30) days

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following the date on which Seller delivers the Dispute Notice to the Purchaser (or such
longer period as they may agree in writing), then Seller and the Purchaser shall promptly submit
any remaining disputed items to KPMG LLP (the “Independent Accounting Firm”). If any remaining
disputed items are submitted to the Independent Accounting Firm for resolution: (i) each party will
furnish to the Independent Accounting Firm such workpapers and other documents and information
relating to the remaining disputed items as the Independent Accounting Firm may reasonably request
and are available to such party, and each party will be afforded the opportunity to present to the
Independent Accounting Firm any material relating to the disputed items and to discuss (in the
presence of the other party) the resolution of the disputed items with the Independent Accounting
Firm; (ii) each party will use its good faith efforts to work with the other party and the
Independent Accounting Firm to resolve the disputed items within thirty (30) days of submission of
the disputed items to the Independent Accounting Firm; and (iii) the determination by the
Independent Accounting Firm, as set forth in a written notice to Seller and the Purchaser setting
forth the reasons underlying such determination, shall be final, binding and conclusive on Seller
and the Purchaser. The fees and disbursements of the Independent Accounting Firm shall be
allocated between the Seller on the one hand and the Purchaser on the other hand in the same
proportion that the aggregate dollar amount of the disputed items submitted to the Independent
Accounting Firm that is unsuccessfully disputed by the Seller or the Purchaser, as the case may be,
bears to the total dollar amount of the disputed items submitted to the Independent Accounting
Firm. If Seller delivers a Dispute Notice to the Purchaser before the expiration of the Objection
Period, the USP Net Working Capital and the Renown Net Working Capital as of the Effective Time as
determined by written agreement of Seller and the Purchaser, or as determined by the Independent
Accounting Firm, shall be deemed to be, respectively, the Closing USP Net Working Capital and the
Closing Renown Net Working Capital and shall be conclusive and binding on Seller and the Purchaser.
In addition, if Seller delivers a Dispute Notice to the Purchaser before the expiration of the
Objection Period, the Proposed USP Closing Balance Sheet and the Proposed Renown Closing Balance
Sheet, as adjusted, if applicable, to reflect the resolution of the dispute between Seller and the
Purchaser (whether such resolution arises as a result of an agreement between Seller and the
Purchaser or a determination of the Independent Accounting Firm) shall be deemed to be,
respectively, the Closing USP Balance Sheet and the Closing Renown Balance Sheet and such Closing
USP Balance Sheet and Closing Renown Balance Sheet shall be conclusive and binding on the Seller
and the Purchaser.

          (e) In the event that the Closing USP Net Working Capital as finally determined pursuant to
Section 2.06(b) or (d) above is equal to the Established USP Net Working Capital, no adjustment
shall be made to the amount of the Base USP Purchase Price payable by the Purchaser pursuant to the
terms of Section 2.06 and, accordingly, the USP Purchase Price shall be equal to the Base USP
Purchase Price. In the event that the Closing USP Net Working Capital as finally determined
pursuant to Section 2.08(b) or (d) above is less than or greater than the Established USP Net
Working Capital, within ten (10) Business Days after the Proposed USP Closing Balance Sheet is
deemed to be final, binding and conclusive on the parties, a cash adjustment to the amount of the
Base USP Purchase Price shall be made, on a dollar-for-dollar basis (and the USP Purchase Price
shall be equal to the Base USP Purchase Price, as so adjusted), as follows: (i) in the event that
the Closing USP Net Working Capital reflected on the USP Closing Balance Sheet is less than the
Established USP Net Working Capital, then the

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Seller shall pay the Purchaser the amount by which the Established USP Net Working Capital
exceeds the Closing USP Net Working Capital in immediately available funds by wire transfer to an
account specified by the Purchaser within three business days and the USP Purchase Price shall be
equal to the Base USP Purchase Price, less the amount paid by Seller to Purchaser; and (ii) in the
event that the Closing USP Net Working Capital reflected on the USP Closing Balance Sheet is
greater than the Established USP Net Working Capital then the Purchaser shall pay to the Seller the
amount by which the Closing USP Net Working Capital exceeds the Established USP Net Working Capital
in immediately available funds by wire transfer to an account specified by the Seller within three
business days and the USP Purchase Price shall be equal to the Base USP Purchase Price plus the
amount paid by Purchaser to Seller.

          (f) In the event that the Closing Renown Net Working Capital as finally determined pursuant
to Section 2.06(c) or (d) above is equal to the Established Renown Net Working Capital, no
adjustment shall be made to the amount of the Base Renown Purchase Price payable by the Purchaser
pursuant to the terms of Section 2.06 and, accordingly, the Renown Purchase Price shall be equal to
the Base Renown Purchase Price. In the event that the Closing Renown Net Working Capital as
finally determined pursuant to Section 2.08(c) or (d) above is less than or greater than the
Established Renown Net Working Capital, within ten (10) Business Days after the Proposed Renown
Closing Balance Sheet is deemed to be final, binding and conclusive on the parties, a cash
adjustment to the amount of the Base Renown Purchase Price shall be made, on a dollar-for-dollar
basis (and the Renown Purchase Price shall be equal to the Base Renown Purchase Price, as so
adjusted), as follows: (i) in the event that the Closing Renown Net Working Capital reflected on
the Renown Closing Balance Sheet is less than the Established Renown Net Working Capital, then the
Seller shall pay the Purchaser the amount by which the Established Renown Net Working Capital
exceeds the Closing Renown Net Working Capital in immediately available funds by wire transfer to
an account specified by the Purchaser within three business days and the Renown Purchase Price
shall be equal to the Base Renown Purchase Price, less the amount paid by Seller to Purchaser; and
(ii) in the event that the Closing Renown Net Working Capital reflected on the Renown Closing
Balance Sheet is greater than the Established Renown Net Working Capital then the Purchaser shall
pay to the Seller the amount by which the Closing Renown Net Working Capital exceeds the
Established Renown Net Working Capital in immediately available funds by wire transfer to an
account specified by the Seller within three business days and the Renown Purchase Price shall be
equal to the Base Renown Purchase Price plus the amount paid by Purchaser to Seller.

ARTICLE 3.

REPRESENTATIONS AND WARRANTIES OF USP, RENOWN AND SELLER

     Seller hereby makes the following representations and warranties, as of the date hereof and as
of the Effective Time, which representations and warranties shall be qualified by the Schedules.

     3.01 Organization, Authority and Qualification of the Seller, Renown and USP. Each of USP
and Renown is duly organized and validly existing under the laws of its jurisdiction of
organization and has all necessary power and authority: (i) to own, operate or lease all the

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properties and assets now owned, operated or leased by it, to perform all its obligations under its
Contracts and to conduct its Business as it has been and is now being conducted; and (ii) to
execute and deliver this Agreement and each of the other agreements and instruments to be executed
by it as contemplated herein and to perform its obligations hereunder and thereunder. The Seller
has all requisite corporate power and authority to consummate the transactions contemplated hereby
and thereby and to own and dispose of the Shares to the Purchaser. No act or proceeding has been
taken or authorized by or against the Seller by any other Person in connection with the
dissolution, liquidation, winding up, bankruptcy or insolvency of the Seller and no such
proceedings have been threatened by any other Person. Each of USP and Renown is duly qualified to
do business and is in good standing in: (a) each jurisdiction in which the properties owned or
leased by it are located; and (b) where the operation of its Business makes such qualification
necessary. Schedule 3.01 attached hereto contains a list of the jurisdictions of
organization of Renown and USP, a list of all jurisdictions in which USP or Renown is duly
qualified or registered to do business and a list of all fictitious or assumed names currently used
by either USP or Renown in the conduct of the Business. Seller has delivered to Purchaser copies
of the Organizational Documents of USP and Renown. Neither USP nor Renown is in default under or
in violation of any of its Organizational Documents.

     3.02 Subsidiaries. Except for the ownership by USP of 108 Class B Units (“StrucSoft
Units”) in Structural Soft, LLC, a California limited liability company, neither USP nor Renown
owns, directly or indirectly, any capital stock or other equity interest in any Person. USP owns
the StrucSoft Units free and clear of all Encumbrances other than those contained in the StrucSoft
Operating Agreement, a true, accurate and complete copy of which has been provided to Purchaser.

     3.03 Capitalization; Officers and Directors.  (a) The authorized capital stock
of USP consists of an aggregate of 250,000 shares of voting common stock, par value $0.10 per share
and 500,000 shares of Non-Voting Common Stock, par value $0.10 per share. The USP Shares
constitute all of the issued and outstanding capital stock of USP. The USP Shares were duly
authorized for issuance and are validly issued in compliance with Applicable Law and are fully paid
and non-assessable.

          (b) The authorized capital of Renown consists of an unlimited number of common shares. The
Renown Shares constitute all of the issued and outstanding shares of Renown. The Renown Shares
were duly authorized for issuance and are validly issued in compliance with Applicable Law and are
fully paid and non-assessable.

          (c) Except as required by applicable Law, there is no existing option, warrant, call, right,
commitment or other agreement of any character to which any of Seller, Renown or USP is a party or
which are binding on the Seller, Renown or USP, and there are no securities of any of the Seller,
Renown or USP outstanding which upon conversion or exchange would require, the issuance, sale or
transfer of any additional shares of capital stock of USP or any shares in the capital of Renown,
ownership interests or other equity securities of Renown or USP or other securities convertible
into, exchangeable for or evidencing the right to subscribe for or purchase shares of capital
stock, ownership interests or other equity securities of Renown or USP. Seller is the record and
beneficial owner of the Shares. Except as required by Law and the

20

 

liens securing certain credit facilities described in the Third Amended and Restated Credit
Agreement by and among Gibraltar Industries, Inc. and Seller, KeyBank National Association as
Administrative Agent and Lead Arranger and the Lenders named therein dated as of July 24, 2009, as
amended, which liens will be released at Closing, all of the Shares are owned by Seller free and
clear of any and all Encumbrances and, at the Closing, the Purchaser will acquire good and valid
title to the Shares, free and clear of all Encumbrances (other than as contemplated by Section
4.06). Other than this Agreement or as provided on Schedule 3.03(c), none of the Shares
are subject to any voting trust agreement or other contract, commitment, agreement, pooling
arrangement or arrangement restricting or relating to the voting or dividend rights or disposition
of the Shares.

          (d) Schedule 3.03(d) sets forth a list and the identity of all of the officers and
directors of USP and Renown.

     3.04 Due Authorization. The execution and delivery of this Agreement and any other
documents or instruments required to be executed and/or delivered pursuant to the terms of this
Agreement including, but not limited to, the documents and instruments set forth in Section 2.05
and Section 2.06 hereof (the “Ancillary Agreements”) by each of the Seller, Renown and USP, the
performance by each of the Seller, Renown and USP, as applicable, of its respective obligations
hereunder and thereunder, and the consummation by such Persons of the transactions contemplated
hereby and, as applicable, thereby have been duly authorized by all requisite corporate action on
the part of each such Person. This Agreement and each Ancillary Agreement have been duly executed
and delivered by the Seller, Renown and USP and (assuming due authorization, execution and delivery
by the Purchaser and any other parties thereto other than the Seller, Renown and USP), this
Agreement constitutes a legal, valid and binding obligation of each of the Seller, Renown and USP,
enforceable against each of them in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium and similar laws affecting creditors rights and remedies generally and
subject, as to enforceability, to rules of law governing specific performance, injunctive relief
and to general principles of equity.

     3.05 No Conflict. (a) Except as described in Schedule 3.05(a), the execution,
delivery and performance of this Agreement and the Ancillary Agreements by each of the Seller,
Renown and USP, as applicable, does not and will not violate, conflict with or result in the breach
of any provision of the Organizational Documents of Seller, USP or Renown.

Except as described in Schedule 3.05(b), the execution, delivery and performance of this
Agreement and the Ancillary Agreements by each of the Seller, Renown and USP, as applicable, does
not and will not: (i) conflict with or violate in any material respect any Law or Governmental
Order applicable to the Seller, Renown, USP or any of their respective assets, properties or
businesses; (ii) conflict in any way with, result in any breach of, constitute a default (or event
which with the giving of notice or lapse of time, or both, would become a default) under, require
any consent under, or give to others any rights of termination, amendment, acceleration,
suspension, revocation or cancellation of, or result in the creation of any Encumbrance on any of
the assets of Renown or USP under the terms of any Material Contract; or (iii) result in the
imposition or creation of any Encumbrance upon, or with respect to, the Shares or any assets owned
or used by USP or Renown.

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     3.06 Governmental Consents and Approvals. Except as otherwise described in Schedule
3.06, to the knowledge of the Seller, the execution, delivery and performance of this Agreement
and the Ancillary Agreements by the Seller, Renown and USP does not require any consent, approval,
authorization or other order of, action by, filing with or notification to any Governmental
Authority.

     3.07 Financial Information. Prior to the date hereof, the Seller has delivered to the
Purchaser true and complete copies of (a) the December 31 Balance Sheet and the related statements
of income for the twelve (12) month period then ended, and (b) true and complete copies of a
balance sheet for the Business as of December 31, 2009 and December 31, 2008 and the related
statements of income for each twelve (12) month period then ended (together with the financial
statements referred to in subdivision (a) of this Section, collectively referred to herein as the
“Financial Statements”). The Financial Statements (x) were prepared in good faith from the books
and records of the Business and, except as identified in writing by Seller to Purchaser prior to
the date hereof, are in accordance with GAAP, (y) present fairly the financial condition and
results of operations of each of USP and Renown as of the dates thereof or for the periods covered
thereby and (z) include all adjustments that are necessary for a fair presentation of the financial
condition of the Business and the results of the operations of the Business as of the dates thereof
or for the periods covered.

     3.08 No Undisclosed Liabilities. Except as set forth in the Financial Statements or in
Schedule 3.08, there are no Liabilities of the Business exceeding $100,000, in the
aggregate, other than Liabilities which have been incurred since December 31, 2010 in the Ordinary
Course of Business.

     3.09 Permits. All Permits required to conduct the Business, as conducted on the date
hereof, are in the possession of USP or Renown, as applicable, are in full force and effect and
each of USP and Renown, as applicable, is operating in compliance therewith. Each currently
effective Permit issued by the International Code Council or ICC-ES (or Canadian counterpart or
equivalent organization) with respect to any products sold by USP or Renown is set forth on
Schedule 3.09. The failure to obtain (or maintain) a Permit from any such Person with
respect to any products sold by USP or Renown will not have a material adverse effect on the sales
of any of the products of USP or Renown.

     3.10 Conduct in the Ordinary Course; Absence of Certain Changes, Events and
Conditions.Since December 31, 2010, except as disclosed in Schedule 3.10, each of USP
and Renown has conducted its Business in the Ordinary Course of Business. As amplification and not
in limitation of the foregoing, except as disclosed in Schedule 3.10, since December 31,
2010, neither Renown nor USP has: (a) made any change in any method of accounting or accounting
practice or policy; (b) made any change in any tax account practice or policy; (c) made any
material changes in the customary methods of operating its Business including, without limitation,
practices and policies relating to marketing, selling and pricing; (d) amended, terminated,
cancelled or compromised any material claims; (e) entered into any material agreement, arrangement
or transaction with any of its directors, officers, employees or shareholders other than agreements
for compensation in the Ordinary Course of Business; (f)

22

 

made capital expenditures or commitments for capital expenditures on behalf of or relating to its
Business in excess of $100,000 in the aggregate; (g) sold, transferred or disposed of, or agreed to
sell, transfer or dispose of, any material assets of the Business other than in the Ordinary Course
of Business; (h) acquired any material assets of the Business except in the Ordinary Course of
Business, or acquired or merged with any other business; (i) incurred or created any Encumbrances
on any material assets of the Business; (j) experienced any destruction, damage or other loss
(whether or not covered by insurance) of any material asset or material property of the Business;
(k) incurred any material liability outside the Ordinary Course of Business; (l) initiated any
litigation other than as required to protect and preserve the Business and its assets where the
failure to initiate such litigation would result in expiration of statutes of limitations or
waivers of contractual rights; (m) agreed, whether in writing or otherwise, to take any action
described in this Section 3.10; (n) taken any action or agreed to take any action provided for in
Section 5.02(b) below; (o) suffered any Material Adverse Effect; (p) amended any of its
Organizational Documents; (q) issued any or changed the authorized or issued equity securities of
USP or Renown or purchased, redeemed, retired any of the equity securities of USP; or (r) agreed to
do any of the foregoing. Prior to the date hereof, Seller has delivered to Purchaser a true,
correct and complete list and description of: (x) all stay bonus or special compensation
arrangements which have been made by USP and/or Renown with any of its officers, directors or
employees since December 31, 2010 and up to the Effective Time; (y) any general increase in the
compensation payable or to become payable to the officers, employees or consultants (including any
such increase pursuant to any bonus, pension, profit-sharing or other plan or commitment), of USP
or Renown between the date hereof and the Effective Time except for normal, bargained, merit or
cost of living payments or increases made in the Ordinary Course of Business; and (z) all bonus
payments made to officers or employees of USP and Renown.

     3.11 Litigation. Except as set forth on Schedule 3.11, there is no Action pending
or to the knowledge of the Seller, threatened against the Seller, Renown, USP or the Business or
its properties or assets before any court, or before any Governmental Authority. There is no
Action pending or, to the knowledge of the Seller, threatened against the Seller, Renown or USP
that is reasonably likely to prevent or materially delay consummation of the transactions
contemplated by this Agreement.

     3.12 Compliance with Laws. (a)  Except as described on Schedule 3.12(a)
, each of USP and Renown has conducted and continues to conduct, in all material respects, its
Business in accordance with all Laws and Governmental Orders applicable to it and neither USP nor
Renown is in material violation of any such Law or Governmental Order, or any judicial or
administrative interpretation thereof.

          (b) Neither USP nor Renown has, and to the knowledge of the Seller no agent of the Business
has, agreed to give, or has given, offered, authorized, promised, made or agreed to make, any gifts
of money or thing of value (other than incidental gifts of articles of nominal value) to any actual
or potential customer, supplier, governmental employee or any Person in a position to assist or
hinder such Person in connection with any actual or proposed transaction other than payments
required or permitted by Law of the applicable jurisdiction and in compliance with the U.S. Foreign
Corrupt Practices Act.

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          (c) This Section 3.12 shall not apply to those specific matters set forth in Section 3.18
(Taxes), Section 3.19 (Environmental Matters) and Section 3.20 (Employee Plans).

     3.13 Material Contracts. On or prior to the date hereof, the Seller has delivered to the
Purchaser, a true, complete and correct list of all of the following Contracts to which either USP
or Renown is a party or by which any of their respective property or assets are bound
(collectively, the “Material Contracts”): (a) Contracts with the Seller, any Affiliate or any
current or former officer or director of the Seller, Renown or USP under which the Seller, Renown
or USP, as the case may be, have any continuing liabilities or obligations; (b) Contracts pursuant
to which any party is required to purchase or sell a stated portion of its requirements or output
from or to another party; (c) purchaser orders involving the performance by USP or Renown of
services for or delivery by USP or Renown of goods or materials to any Person other than an
Affiliate of USP or Renown (which Affiliate purchase orders are disclosed on Schedule 3.27)
where the remaining amount of the payments or value of the consideration to be received by USP or
Renown from any such Person exceeds $100,000; (d) purchase orders involving the procurement by USP
or Renown of materials, goods or services from any Person who is not an Affiliate of USP or Renown
(which Affiliate purchase orders involving procurement are disclosed on Schedule 3.27)
where the amount of the remaining payments to or value of the consideration to be paid or delivered
by USP or Renown for such materials goods or services exceeds $100,000; (e) Contracts for the sale
of any assets of USP or Renown other than in the Ordinary Course of Business; (f) Contracts
containing covenants of USP or Renown not to compete in any line of business or with any other
Person in any geographical area or containing similar covenants from any other Person (other than
between an Employee and either USP or Renown) for the benefit of USP or Renown; (g) Contracts
containing any obligation of confidentiality or nondisclosure between either USP or Renown and any
other Person (other than between an Employee and either USP or Renown) for the benefit of either
USP or Renown or such other Person; (h) Contracts relating to the borrowing of money, including
indebtedness under capital leases, bonds and letters of credit; (i) Contracts with current or
former employees, consultants, or contractors regarding the ownership, use, protection, or
nondisclosure of any of the Intellectual Property of USP or Renown; (j) Contracts with any labor
union or other employee representative of a group of employees relating to wages, hours, or other
conditions of employment; (k) Contracts involving any joint venture, partnership, or limited
liability company agreement involving a sharing of profits, losses, costs, Taxes, or other
liabilities by either USP or Renown with any other Person; (l) Contracts containing any effective
power of attorney granted by either USP or Renown; (m) Contracts involving the settlement, release,
compromise, or waiver of any material rights, claims, obligations, duties or liabilities; (n) any
Contracts other than those disclosed in clauses (a) through (m) above that: (i) involve,
individually, the expenditure by USP or Renown of more than $100,000 annually, (ii) are not
cancelable upon 30 or fewer days notice without any liability or (iii) require performance by any
party more than one year from the date hereof; (o) Contracts (other than purchase orders of
Contracts disclosed in clauses (c) and (d) above) that provide for the receipt of payment by USP or
Renown of $100,000 or more annually; (p) Contracts requiring USP or Renown to pay, perform,
discharge or otherwise guarantee any debt or obligation of any Person; (q) Contracts relating to
ownership of equity interests in any Person, other than an Affiliate, by any of Seller, Renown or
USP; (r) Contracts containing any provisions that are contingent upon the occurrence of or prohibit
any change in ownership of USP or Renown; and (s) Contracts (other than those disclosed in clauses

24

 

(a) through (r) above) that: (i) are material to the Business (including Contracts for employment
and with sales representatives) and either (ii) were entered into other than in the Ordinary Course
of Business; or (iii) are to be performed other than in the Ordinary Course of Business. Except as
set forth on Schedule 3.13, each Material Contract: (i) is legal, valid, binding and
enforceable, in accordance with its terms, subject to bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting creditors’ rights and remedies generally and subject, as to
enforceability, to rules of law governing specific performance, to injunctive relief, and to
general principles of equity (regardless of whether enforcement is sought in a proceeding at law or
in equity) and (ii) is in full force and effect. Unless otherwise stated in Schedule 3.13,
neither USP nor Renown is in default in any respect under any Material Contract and, to the
knowledge of the Seller, no other party is in default under the terms of any Material Contract.
Prior to the date hereof, true, correct and complete copies of all Material Contracts have been
provided to the Purchaser.

     3.14 Intellectual Property.  (a) Each of Renown and USP owns or has the right to
use all of the Intellectual Property which is used by either of them in the conduct of their
respective Businesses, free and clear of any Encumbrance or any payment (other than payments made
under those licenses or other agreements described in (iii), below, under which USP or Renown
obtains its rights from third parties). Except as set forth on Schedule 3.14(a) there is
no: (i) patent, trademark or copyright or any application for any patent, industrial design,
trademark or copyright registered, filed or pending with the United States Patent and Trademark
Office, the United States Copyright Office or the corresponding office of any other jurisdictions
used in connection with the Business of either USP or Renown; (ii) license or other agreement under
which USP or Renown obtains rights from third parties to use any Intellectual Property except for
off the shelf software which accompanies individual personal computers which are used in connection
with the Business; (iii) any trade names used in connection with the Business of either USP or
Renown; or (iv) any domain name used in connection with the Business of either USP or Renown. To
the knowledge of Seller, neither the Intellectual Property nor the conduct of Business conflicts
with or infringes upon any Intellectual Property owned by any third party. No Person has asserted
to USP, Renown or the Seller in writing (or otherwise) that the Intellectual Property of USP or
Renown or the conduct of the Business conflicts with or infringes upon, any Intellectual Property
owned by any third party. Except as disclosed in Schedule 3.14(a), neither USP nor Renown
has granted any outstanding licenses or other rights, or obligated itself to grant licenses or
other rights in or to any of the Intellectual Property.

          (b) Except as set forth on Schedule 3.14(b), at the Effective Time, each of Renown
and USP will own or hold a valid license to use the Intellectual Property set forth in Schedule
3.14(a), free and clear of all Encumbrances other than Permitted Liens.

          (c) None of Seller, Renown or USP is in default under and, to the knowledge of the Seller, no
third party is in default under, any license, sublicense or agreement by which Seller, Renown or
USP holds or has given to others the right to use any Intellectual Property related to or necessary
for the conduct of the Business.

          (d) Each of Renown and USP has taken reasonable steps to maintain the confidentiality of any
trade secrets that are material to their respective businesses.

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     3.15 Owned Real Property.  Schedule 3.15(a) lists the street address of
each parcel of real property owned by USP and used in its Business, together with a general
description of the use of each such facility (collectively, the “Owned Real Property”). Except for
the Owned Real Property and as otherwise set forth on Schedule 3.15(a), USP does not own
any real property or improvements thereon. Renown does not own any real property or improvements
thereon.

          (b) USP has good and valid title to the Owned Real Property, free and clear of all
Encumbrances other than Permitted Liens, as disclosed in Schedule 3.15(b), and other
Encumbrances disclosed in the title insurance commitment obtained by the Purchaser, if any.

          (c) There are no parties other than USP in possession of any parcel of Owned Real Property or
any portion thereof, and there are no leases, subleases, licenses, concessions or other agreements,
written or oral, granting to any party or parties the right of use or occupancy of any of the Owned
Real Property or any portion thereof. There are no outstanding options or rights of first refusal
to purchase the Owned Real Property or any portion thereof or interest therein.

          (d) The Owned Real Property used by USP is supplied with utilities adequate for the use and
operation of USP’s business in the manner conducted as of the Effective Time, including, without
limitation, gas, electricity, water, telephone, sanitary sewer and stormwater management.

          (e) There are no proceedings in eminent domain or other proceedings pending or, to the
knowledge of the Seller, threatened, affecting any portion of the Owned Real Property or any means
of ingress or egress thereto.

          (f) Certificates of occupancy are in full force and effect for each location of the Owned
Real Property. The Owned Real Property and the present uses and operations thereof comply in all
material respects with, and neither USP nor the Seller has received written notice from any
Governmental Authority that a portion of the Owned Real Property, or any building or improvement
located thereon, currently violates in any material respect, any Law (other than any Environmental
Laws, as to which the representations and warranties of the Seller, USP and Renown are solely
contained in Section 3.19), including those Laws relating to zoning, building, land use, health and
safety, fire, air, sanitation and noise control and all deed and other title covenants and
restrictions.

     3.16 Leased Real Property. Schedule 3.16 attached hereto sets forth, as of the
date hereof, the street address of each parcel of real property which is leased by USP or Renown as
lessee together with the identity of the lessor of such real property (all such real property being
hereinafter collectively the “Leased Real Property”). Each of USP and Renown has a valid
and enforceable leasehold interest under each such lease for the Leased Real Property which it is a
party to and none of the Seller, Renown or USP are in default under any such real property lease,
nor have any of them received any written notice of any default or event that, with notice or lapse
of time, or both, would constitute a default by USP or Renown, as applicable, of the terms
of any such real property lease. Prior to the date hereof, true, correct and complete copies of
each lease of any Leased Real Property have been delivered to the Purchaser and each lease sets

26

 

out the entire agreement between the parties with respect to such Leased Property. Except as
set forth on Schedule 3.16, neither USP nor Renown occupy any real property or improvements
other than the Real Property. There are no parties other than USP or Renown in possession of the
portion of any parcel of Leased Real Property which is leased by USP or Renown, and there are no
subleases, licenses, concessions or other agreements, written or oral, granting to any party or
parties the right of use or occupancy of any such portion of the Leased Real Property.

     3.17 Top Ten Customers and Suppliers. Prior to the date hereof, Seller has delivered to
Purchaser a list of: (a) the names of the top ten (10) customers of the Business for each of USP
and Renown, by revenue during the preceding two (2) years and the percentage of revenue represented
by each such customer during the preceding two (2) years; and (b) the top ten (10) suppliers of the
Business by payments during the preceding two (2) years and the percentage of total payments to
suppliers represented by each such supplier during the preceding two (2) years. Except as set
forth in Schedule 3.17, to the knowledge of the Seller: (a) there has been no adverse
change in the business relationship of USP or Renown with any of the customers or vendors of USP or
Renown, except for the decline in dollar volumes of purchases due to weak demand in the
construction industry; (b) there are no outstanding material disputes with any customer or supplier
of the Business; and (c) no customer or supplier identified in Schedule 3.17 has notified
Seller, Renown or USP in writing or otherwise that it will not do business, that it will materially
reduce its business with USP or Renown, as applicable, or that it will require any modification of
the terms of its agreements with the Business, Renown or USP.

     3.18 Taxes.  (a) (i) All Tax Returns required to be filed with respect to USP or
Renown have been timely filed; (ii) all such Tax Returns are true, correct and complete in all
material respects and were prepared in compliance with Applicable Law; (iii) USP and Renown have
paid (or caused to be paid) or have withheld and remitted to the appropriate Taxing Authority all
Taxes due and payable, or, where payment is not yet due, have established in accordance with GAAP
an adequate accrual for all Taxes; (iv) all Taxes shown on such Tax Returns or otherwise due or
payable have been timely paid except as expressly reserved for current taxes payable, the amount of
which reserve will, to the knowledge of Seller, constitute an adequate provision for the payment of
all Taxes in respect of all periods prior to the Effective Time; (v) except as set forth on
Schedule 3.18(a)(v), none of the Internal Revenue Service, the Canada Revenue Agency or any
other Tax Authority is currently claiming or asserting against USP or Renown, any adjustment,
deficiency or claim for payment of additional Taxes, nor, to the knowledge of the Seller, is there
any basis for any such claim or assertion; (vi) except as set forth in Schedule
3.18(a)(vi), no Tax examinations or audits of USP or Renown are in progress or have taken place
during the past two (2) years nor have any assessments or reassessments been issued or outstanding;
(vii) all deficiencies asserted or assessments or reassessments made against USP or Renown (which
are not being contested) as a result of any examination by any Tax Authority have been paid; (viii)
there are no pending or, to the knowledge of the Seller, threatened Actions, audits, assessments or
proceedings for the assessment, reassessment or collection of Taxes against USP or Renown; (ix)
there are no Tax liens on any assets of USP or Renown; (x) USP is not a party to any agreement or
arrangement that would result, separately or in the aggregate, in
the payment of any “excess parachute payment” within the meaning of Section 280G of the Code
by reason of the transactions contemplated hereby; (xi except as set forth on Schedule 3.18(a)
(xi), neither USP nor Renown has, at any time, been a member of any

27

 

partnership or joint
venture or the holder of a beneficial interest in any trust for any period for which the statute of
limitations for any Tax potentially applicable as a result of such membership or holding has not
expired; (xii) all Taxes required to be withheld, collected, deducted or deposited by USP or Renown
have been timely withheld, collected, deducted or deposited and, to the extent required, have been
paid or remitted to the relevant Tax Authority including any deductions or withholdings required to
be made in respect of payments to any current or former employees of USP or Renown or any person
who is, or is deemed to be, a non-resident of Canada for purposes of the Canadian Income Tax Act;
(xiii) USP is a United States Person as defined in Section 7701(a)(30) of the Code; (xiv) the
Seller has delivered to the Purchaser true and complete copies of all Federal, State, Provincial
and local income Tax Returns of USP and Renown for all open taxable years; (xv) no claim has been
made since January 1, 2006 by a Tax Authority in a jurisdiction in which Tax Returns are not filed
by USP or Renown, that USP or Renown, as applicable, is subject to taxation by that jurisdiction;
and (xvi) neither USP nor Renown has participated in any reportable or listed transaction requiring
disclosure to any Tax Authority; (xvii) neither USP nor Renown is party to or bound by any closing
agreement, offer in compromise, or other similar agreement with any Tax Authority which could
affect Taxes for which USP or Renown may be liable; (xviii) except as set forth in Schedule
3.18(a)(xviii), neither USP nor Renown has entered into any current agreement waiving the
statute of limitations nor granting an extension of time to file nor has entered into any tax
sharing or similar agreement.

          (b) Schedule 3.18(b) contains a list and description of (i) any outstanding waivers
or agreements entered into or obtained at any time during the two (2) year period prior to the date
of this Agreement and extending the applicable statute of limitations with respect to the
assessment of any Tax or the audit of any Tax Return due from USP or Renown for any period
existing; (ii) any power of attorney that is currently in force and has been granted with respect
to any matter relating to Taxes that could affect USP or Renown; and (iii) any deficiencies
proposed or agreed to (plus interest and any penalties) as a result of any ongoing audit of any Tax
Return of USP or Renown and the extent to which such deficiencies have been paid, reserved against,
settled, or are being contested in good faith by appropriate proceedings. All Tax Returns of USP
and the consolidated group of which it is a part have been audited by the IRS or other Governmental
Body for taxable years through 2005-2009. In connection with such audits, there were no
adjustments for USP for the years 2005-2007 nor were there any adjustments for any member of the
consolidated group (including USP) for 2008-2009.

          (c) Canadian Tax Representations:

               (i) Taxable Québec Property. Neither the USP Shares nor the Renown Shares are “taxable Québec
property” for purposes of the Taxation Act (Québec).

               (ii) Taxable Canadian Property. Neither the USP Shares nor the Renown Shares are “taxable
Canadian property” for purposes of the Canadian Income Tax Act. Without limiting the generality of
the foregoing, neither USP nor Renown has owned, at any time, during
the 60-month period ending on the date hereof, property that is (x) real or immovable property
situated in Canada, (y) Canadian resource properties or timber resource properties or (z) option in
respect of, or interests in, or civil law rights in, any of the foregoing (whether or not such

28

 

property exists), in each case as defined for purposes the definition of “taxable Canadian
property” in subsection 2118(1) of the Canadian Income Tax Act.

               (iii) Transfer Pricing. Renown has not participated, directly or through a partnership, in a
transaction or series of transactions contemplated in subsection 247(2) of the Canadian Income Tax
Act or any comparable Law of any province or territory in Canada.

               (iv) Tax Sharing Agreements. Renown is not a party to nor bound by any tax sharing agreement,
tax indemnity obligation in favour of any Person or similar agreement in favour of any Person with
respect to Taxes (including any advance pricing agreement or other similar agreement relating to
Taxes with any Governmental Authority). Without limiting the generality of the foregoing, Renown
has not entered into an agreement contemplated in section 80.04, Section 191.3 or subsection
18(2.3), 127(13) to (17), or 127(20) or 125(3) of the Canadian Income Tax Act or any comparable Law
of any province or territory of Canada.

               (v) Future Income Inclusion. Renown will not be required to include in a taxable period
ending after the Effective Time any amount of net taxable income (after taking into account
deductions claimed for such a period that relate to a prior period) attributable to income that
accrued in a prior taxable period but that was not included in taxable income for that or another
prior taxable period;

               (vi) Renown has not made or incurred any deductible outlay or expense owing to a Person not
dealing at arm’s length with Renown the amount of which would, absent an election under paragraph
78(1)(b) of the Canadian Income Tax Act, be included in the Renown’s income for Canadian income tax
purposes for any taxable period beginning on or after the Effective Time under paragraph 78(1)(a)
of the Canadian Income Tax Act or a corresponding provincial provision;

               (vii) there are no circumstances existing which could result in the application to the Renown
of sections 80, 80.01, 80.02, 80.03 or 80.04 of the Canadian Income Tax Act or a corresponding
provincial provision;

               (viii) Renown has not acquired property from a Person not dealing at arm’s length with Renown
in circumstances that would result in Renown becoming liable to pay Taxes of such Person under
subsection 160(1) of the Canadian Income Tax Act or a corresponding provincial provision; and

               (ix) At the Effective Time, the balance of Renown’s “Low Rate Income Pool”, as defined in the
Canadian Income Tax Act and any relevant provincial income tax statute, shall be nil.

29

 

     3.19 Environmental Matters. (a) Other than Releases which have occurred in de
minimis quantities, no Release of Hazardous Materials in violation of any Environmental Law has
occurred on any Real Property during the period of USP’s or Renown’s ownership, occupancy, or
operation thereof. Except as set forth in Schedule 3.19(a), to the knowledge of the
Seller, there has not been any Release of Hazardous Materials in violation of any Environmental Law
at the Owned Real Property prior to USP’s ownership, occupancy or operation of any Owned Real
Property. There are no pending or, to the knowledge of Seller, threatened claims or Encumbrances
arising under or pursuant to any Environmental Law, with respect to or affecting any of the Real
Property.

          (b) The operations of the Business presently comply and, except as set forth on Schedule
3.19(b), have at all times complied in all material respects with applicable Environmental Laws
and neither USP nor Renown has any material liabilities under any Environmental Laws. To the
knowledge of Seller, neither USP nor Renown has any liability arising under any Environmental Law,
and to the knowledge of Seller, except as set forth in Schedule 3.19(b), no event has
occurred or circumstance exists that (with or without notice or lapse of time) could result in USP
or Renown having any Liability arising from noncompliance with any Environmental Law. Except as
set forth in Schedule 3.19(b), to the knowledge of the Seller, there is no condition in or
under any Owned Real Property or Leased Real Property at the date of this Agreement that would
require reporting outside the Ordinary Course of Business or remediation under applicable
Environmental Laws. None of the Seller, Renown or USP has received any written communication in
the last five (5) years from or on behalf of any Governmental Authority or other third party: (i)
alleging any noncompliance of any Owned Real Property or Leased Real Property with Environmental
Laws or of any condition thereon that would require remediation under applicable Environmental Laws
or (ii) that any Owned Real Property, Leased Real Property or any property to which USP has
directly or indirectly transported or arranged for the transportation of any Hazardous Material is
currently on any federal or state “Superfund” list.

          (c) No administrative order, consent order, settlement agreement, suit or citation to which
USP or Renown is a party with respect to any Environmental Law, Hazardous Materials or Releases has
been received by the Seller, Renown or USP with respect to or in connection with the operation of
any Owned Real Property, Leased Real Property or any off-site location to which Hazardous Materials
used or generated by the Business have been transported or disposed of or have come to be located,
and to the knowledge of Seller, non have been threatened.

          (d) Except as set forth on Schedule 3.19(d), all Hazardous Materials used,
generated or disposed of by USP or Renown have been used, generated or disposed of in compliance in
all material respects with all applicable Environmental Laws.

          (e) Except as set forth in Schedule 3.19(e), none of the Real Property contains any
(i) above-ground or underground storage tanks or (ii) landfills, surface impoundments, or disposal
areas.

          (f) To Seller’s knowledge, Seller has delivered to Purchaser copies of all reports, studies,
analyses, or tests initiated by or on behalf of or in the possession of Seller, USP or

30

 

Renown
pertaining to the environmental condition of, Hazardous Material in, on, or under, any of the Real
Property.

     3.20 Employee Plans.  (a) Schedule 3.20(a) sets forth a true and
complete list of all employee benefit plans (within the meaning of Section 3(3) of ERISA), every
“registered pension plan” as defined in s. 248(1) of the Canadian Income Tax Act, and all bonus,
stock option, stock purchase, restricted stock, incentive, deferred compensation, executive
compensation, retiree medical or life insurance, retirement, supplemental retirement, severance or
other benefit plans, programs or arrangements in which employees of USP or Renown participate, with
respect to which either USP or Renown has any obligation or which are maintained, contributed to or
sponsored by USP, Renown or any of their Affiliates for the benefit of any current employee,
officer or director of USP, Renown or any former employee of USP or Renown regardless of whether
such plans, programs or arrangements are being assumed by the Purchaser (hereinafter the “Employee
Plans”). Except as set forth in Schedule 3.20(a), USP has not contributed to or been
obligated to contribute to any “multiemployer plan” within the meaning of Section 3(37) of ERISA.
Except as set forth in Schedule 3.20(a), Renown has not contributed to or been obligated to
contribute to any “multi-employer pension plan” as defined in s.1(1) of the Pension Benefits Act
(Ontario) or any similar Canadian pensions benefits statute. Except as otherwise disclosed in
Schedule 3.20(a), neither USP nor Renown has made an express or implied commitment to
modify, change or terminate any Employee Plan other than a modification, change or termination
required by Law.

          (b) To Seller’s knowledge, with respect to each Employee Plan, complete and correct copies of
the following documents, where applicable, have been delivered to the Purchaser: (i) the annual
reports (Form 5500 series), together with schedules, as required, filed with the IRS or Department
of Labor (the “DOL”), as applicable, and any financial statements and opinions required by Section
103(a)(3) of ERISA for the two most recent plan years, (ii) the most recent determination letter or
opinion letter issued by the IRS, (iii) the most recent summary plan description and all
modifications, as well as all other descriptions distributed to employees or set forth in any
manuals or other documents, including written descriptions of all non written Employee Plans, (iv)
the text of the Employee Plan and of any trust, insurance or annuity contracts maintained in
connection therewith, (v) any actuarial reports relating to any Employee Plan for the two most
recent plan years; (vi) any annual reports prepared by third party administrators for each Employee
Plan for the two most recent plan years, including, but not limited to, any nondiscrimination
testing with respect to any qualified plan, and (vii) any services agreement with third parties
providing services to any Employee Plan.

          (c) Each Employee Plan which is intended to be qualified under Section 401(a) of the Code has
received a favorable determination letter from the IRS that it is so qualified, and
each related trust which is intended to be exempt from federal income Tax pursuant to Section
501(a) of the Code has received a determination letter from the IRS that it is so exempt, and no
fact or event has occurred since the date of such determination letter that would adversely affect
such qualification, tax-preferred or tax exempt status, as the case may be.

          (d) With respect to each Employee Plan in which employees of USP participate, USP is not
currently liable for any Tax arising under Section 4971, 4972, 4975, 4976, 4978,

31

 

4979, 4980 or 4980B of the Code, and no fact or event exists which would give rise to any such liability. USP
has not incurred any liability under or arising out of ERISA, the Health Insurance Portability and
Accountability Act of 1996 and the Family Medical Leave Act of 1993 and, to the knowledge of
Seller, no fact or event exists that would result in such a liability. None of the assets of USP
are the subject of any lien arising under Section 302(f) of ERISA or Section 412(n) of the Code and
USP has not been required to post any security under Section 307 of ERISA or Section 401(a)(29) of
the Code with respect to any Employee Plan, and no fact or event exists which would give rise to
any such lien or requirement to post any such security. Except as set forth on Schedule
3.20(d), each Employee Plan is fully funded to the extent required by applicable Law.

          (e) Except as disclosed on Schedule 3.20(e), neither USP nor Renown has any
obligation to provide medical or life insurance coverage (whether or not insured) under any
Employee Plan or collective bargaining agreement to any current, retired or former employee,
director or consultant, or their beneficiaries or dependents, after retirement or other termination
of employment, except as may be required by the Consolidated Omnibus Budget Reconciliation Act of
1985 (“COBRA”) or applicable state medical benefits continuation Law.

          (f) Each Employee Plan is and at all times has, in all material respects, been maintained,
funded, registered, qualified, operated and administered, and each USP and Renown have performed
all of its obligations under each Employee Plan, in each case in accordance with the terms of such
Employee Plan and in compliance with all applicable Laws, including ERISA and the Code and any
similar laws of Canada and Ontario. USP has complied in all material respects with the provisions
of COBRA, the Health Insurance Portability and Accountability Act of 1996 and the Family Medical
Leave Act 1993. All Employee Plans that are “nonqualified deferred compensation plans” (within the
meaning of Section 409A of the Code) have, in all material respects, been maintained and
administered since January 1, 2005 in compliance with the requirements of Section 409A of the Code
and the regulations and other guidance issued thereunder. All contributions required to be made to
any Employee Plan by Applicable Law or the terms of such Employee Plan or any agreement relating
thereto, and all premiums due or payable with respect to insurance policies funding any Employee
Plan, for any period through the Effective Time, have been timely made or paid in full (without
regard to any waivers granted with respect thereto) to any funds or trusts established thereunder
or, to the extent not required to be made or paid on or before the Effective Time, have been
properly accrued and fully reflected in the Financial Statements, except as set forth on Schedule
3.20(f). All returns, reports and filings required to be filed with the DOL, the IRS, the Pension
Benefit Guaranty Corporation (including any successor thereto, the “PBGC”) or any other
Governmental Authority or which must be furnished to any plan participant or beneficiary with
respect to each Employee Plan have been timely and accurately filed or furnished.

          (g) No Employee Plan, nor any related trust, is subject to any pending or threatened
investigation, examination or other legal proceeding, initiated by any Governmental Authority or by
any other Person (other than routine claims for benefits), and there exists no state of facts which
after notice or lapse of time or both could reasonably be expected to give rise to any such
investigation, examination or other legal proceeding or to affect the registration or authorization
of any Employee Plan required to be registered. Further, should any matter arise

32

 

which could
affect the registration or authorization of any Employee Plan, Seller, USP or Renown, as the case
may be, shall, in a timely fashion, take all steps required to ensure the registration or
authorization is not affected. No event has occurred respecting any Employee Plan which would
entitle any Person to cause the wind-up or termination of such Employee Plan in whole or in part.
There have been no withdrawals, applications or transfers of assets from any Employee Plan or the
trusts or other funding media relating thereto except in accordance with the terms of such Employee
Plan, Applicable Law and all applicable agreements.

          (h) Neither the execution of this Agreement nor the consummation of the transactions
contemplated hereby (either alone or in conjunction with any other event) will (i) entitle any
Employee to severance pay or any increase in severance pay upon termination of employment after the
date of this Agreement, (ii) result in any payment from USP or Renown becoming due to any current
or former officer, director or employee of USP or Renown; (iii) increase any benefits otherwise
payable under any Employee Plan; or (iv) except as set forth in Schedule 3.20(h) attached
hereto, accelerate the time of payment or vesting of compensation or benefits (including stock
options) under any Employee Plan. Neither USP nor Renown has made or become obligated to make, and
neither USP or Renown will, as a result of the consummation of the transactions contemplated by
this Agreement, become obligated to make any payments that could be nondeductible by reason of
Section 280G of the Code (without regard to Subsection (b)(4) thereof) or Section 162(m) of the
Code (or any corresponding provision of foreign, state or local Law), nor will USP nor Renown be
required to “gross up” or otherwise compensate any individual because of the imposition of any
excise Tax on such a payment to the individual.

     3.21 Labor Matters.  (a) Prior to the date hereof, Seller has delivered to
Purchaser a true, correct and complete list, of the names, positions, locations, dates of hire and
compensation of all Employees (including those on leave of absence to layoff status) and the names
and current compensation levels of all consultants or independent contractors who provide services
to the Business. To the knowledge of Seller, each consultant and independent contractor qualifies
as such under Applicable Law. To the extent required by Law, all Employees of USP have completed,
and USP has retained for each such employee, a Form I-9 (Employment Eligibility Verification) and
all appropriate supporting documentation for each employee. USP does not have any employees for
whom it currently has petitions or applications for immigration benefits pending with the U.S.
Citizenship and Immigration Services or the United States Department of Labor. Neither USP nor
Renown has made any representations to any person concerning any sponsorship for temporary or
permanent immigration status.

          (b) Neither USP nor Renown is a party to any collective bargaining agreement or union
contract recognizing any labor organization as the bargaining agent of any Employees. To the
knowledge of the Seller, there is no union organization activity involving any of the Employees,
pending or threatened. Each of USP, Renown and the conduct of the Business are in compliance with
all Laws relating to the employment of labor, including all such Laws relating to employment
practices, terms and conditions of employment, equal employment opportunity, nondiscrimination,
immigration, wages, hours, classifications, benefits and collective bargaining, the payment of
social security and similar Taxes and occupational safety and health, the WARN Act and any similar
state or local “mass layoff” or “plant closing” Law. There has been no

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“mass layoff” or “plant
closing” (as defined by the WARN Act) with respect to USP within the six months prior to Closing.
The Business has not, during the last three (3) years, experienced any labor disputes or any work
stoppages due to labor disagreements. There is no unfair labor practice charge or complaint
pending, or, to the knowledge of the Seller, overtly threatened against USP, Renown or the Business
and there are no administrative charges or court complaints relating to alleged employment
discrimination or other employment related matters pending, or, to the knowledge of the Seller,
threatened before the U.S. Equal Employment Opportunity Commission or any other Governmental
Authority. Schedule 3.21(b)contains a list and description of all outstanding workers
compensation claims currently pending against USP or Renown or with respect to the Business.

          (c) Schedule 3.21(c) states the number of employees terminated or laid off by either
USP in the last 90 days, and contains a list of the following information for each employee of USP
who has been terminated or laid off, or whose hours of work have been reduced by more than 50% by
either of them in the 90 days prior to the date of this Agreement: (i) the date of such
termination, layoff, or reduction in hours; (ii) the reason for such termination, layoff, or
reduction in hours; and (iii) the location to which the employee was assigned.

          (d) As of the date hereof, there are no Employees of USP who are absent from work on short or
long-term disability leave or leave under the Family and Medical Leave Act of 1993 or have notified
USP (as applicable) of their intent to take such leave.

          (e) Schedule 3.21(e) sets forth (i) the worker’s compensation losses for USP since
December 31, 2006 and (ii) a description of any investigations into the operations of USP pursuant
to the Occupational Safety and Health Act and similar state and local Laws since December 31, 2006.

     3.22 Insurance. Each of USP and Renown are insured under Parent-administered policies in
amounts sufficient to operate and protect its assets and to conduct its Businesses as intended and
consistent with past practices. Schedule 3.22 contains a list of all policies of
insurance, including property, casualty, fire, liability, workers’ compensation and all other types
of insurance, under which USP and Renown are insured and a summary of each claim made by either USP
and Renown under each such policy since January 1, 2006. As of the date hereof, all such policies
are in full force and effect and all premiums due thereon have been paid.

     3.23 Tangible Personal Property.
(a) Schedule 3.23 contains a list of each lease of tangible personal property
used in the Business requiring annual payments from USP or Renown of $100,000 or more (collectively
the “Personal Property Leases”).

          (b) Prior to the date hereof, a copy of each of the Personal Property Leases listed on
Schedule 3.23 has been delivered to the Purchaser. Each of USP and Renown has a valid
leasehold interest under each of the Personal Property Leases under which it is a lessee, subject
to bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights
and remedies generally and subject, as to enforceability, to general principles of equity
(regardless of whether enforcement is sought in a proceeding at law or in equity), there is no

34

 

material default under any Personal Property Leases by USP, Renown or, to the knowledge of the
Seller, by any other parties thereto.

          (c) Except as set forth on Schedule 3.23, each of USP and Renown has good and valid
title to all of the items of tangible personal property reflected in the December 31 Balance Sheet
(except as sold or disposed of subsequent to the date thereof in the Ordinary Course of Business),
free and clear of any and all Encumbrances other than Permitted Liens.

     3.24 Product Warranties. Prior to the date hereof, the Seller has delivered to the
Purchaser a true, complete and correct list of the standard product and service warranties,
indemnifications and guarantees which USP, Renown or the Business extends to customers in the
Ordinary Course of Business together with copies of such standard product and /or service
warranties. No warranties, indemnifications or guarantees are now in effect or outstanding with
respect to the products or services manufactured, produced or performed by USP or Renown, except
for the warranties, indemnifications and guarantees identified and described in the list of product
and service warranties delivered to Purchaser prior to the date hereof. Prior to the date hereof,
the Seller has also delivered to the Purchaser a true, complete and correct list of the Contracts
which contain separate warranties, which differ from the standard product and service warranties of
USP and Renown. Except for product returns, the scope and magnitude of which are consistent with
the product returns experienced by USP or Renown prior to the date hereof, the products sold by USP
and Renown prior to the date hereof do not have defect or failure rates that have given rise to
material warranty, product liability or related claims.

     3.25 No Brokers. Other than as disclosed in Schedule 3.25, no broker, finder or
investment banker is entitled to any brokerage, finder’s or other fee or commission in connection
with the transactions contemplated by this Agreement based upon arrangements made by or on behalf
of the Seller, Renown and USP or their respective Affiliates.

     3.26 Corporate Books and Records. The books of account of USP and Renown, the minute book
and stock or ownership transfer records of Renown, the USP Minute Book and the other records of USP
and Renown are complete and correct in all material respects and have been maintained in accordance
with sound business practices and, in the case of the Renown minute book, contains true and correct
copies of its articles of amalgamation and its by-laws, in each case, as amended, and, in the case
of the
USP Minute Book, contains true, correct and complete copies of its articles of incorporation
by-laws, in each case, as amended.

     3.27 Related-Party Transactions. Except as set forth on Schedule 3.27, no officer,
director Employee, Affiliate or stockholder of USP, Renown or any member of his or her immediate
family is currently indebted to USP or Renown, nor is USP or Renown indebted (or committed to make
loans, advances or extend or guarantee credit) to any of such individuals. Except as set forth on
Schedule 3.27 hereto, none of such Persons has any direct or indirect ownership interest in
any firm or corporation with which USP or Renown is affiliated or with which USP or Renown has a
business relationship, or any firm or corporation that competes with USP or Renown except that
officers or directors of USP and Renown and members of their immediate families may own stock in an
amount not to exceed 5% of the outstanding capital stock of publicly traded companies that may
compete with the Purchaser following the

35

 

consummation of the transactions contemplated hereby.
Except as set forth on Schedule 3.27 hereto, no director, officer or Affiliate of USP or
Renown and no member of the immediate family of any such Person is directly or indirectly
interested in any Contract to which USP or Renown is a party.

     3.28 Bank Accounts; Lockboxes. Prior to the date hereof, Seller has delivered to Purchaser
a true, correct and complete list of each bank account maintained by USP and Renown together with a
true, correct and complete list of each bank other financial institution at which any lock box for
the collection of accounts receivable of USP or Renown is maintained, together with the identity of
all Persons authorized to withdraw any funds contained in such accounts or lockboxes. Except as
set forth in the list of bank accounts delivered to the Purchaser as described in the preceding
sentence, neither USP nor Renown maintains any bank account or lockbox for the collection of
accounts receivable of USP or Renown.

     3.29 Title to and Sufficiency of Assets. Each of Renown and USP has good and valid title
to all of its material property and assets, free and clear of all Encumbrances, except for
Permitted Liens. Neither USP nor Renown conducts any business other than the Business. The
buildings, plants and structures which are used in the conduct of the Business have been maintained
by USP and Renown, as the case may be, consistent with the past maintenance practices of USP and/or
Renown, no material maintenance of the buildings, plants and structures used in the conduct of the
Business has been delayed and, to the knowledge of Seller, no material maintenance or replacement
costs need to be expended with respect to the buildings, plants and structures used in the conduct
of the Business. Except for equipment which is not operating and held as spare or replacement
equipment, the material equipment which is used in the conduct of the business has been maintained
by USP and Renown, as the case may be, consistent with the past maintenance practices of USP and/or
Renown, no material maintenance of the material equipment used in the conduct of the Business has
been delayed. Except as otherwise described in Schedule 3.29, (a) the assets (tangible and
intangible) owned and leased by USP or Renown constitute all the assets (tangible and intangible)
used in connection with the Business of each of USP and Renown, and (b) such assets constitute all
the assets (tangible or intangible) necessary for USP or Renown to continue to conduct its Business
following the Closing in substantially the same manner as it is being
conducted on the date hereof.

     3.30 Accounts Receivable. All accounts receivable of each of USP and Renown have arisen
from sales actually made or services actually performed in the Ordinary Course of Business and, to
the knowledge of Seller, constitute valid obligations and are collectible, net of applicable
reserves.

     3.31 Inventory. All inventories of USP and Renown consist of a quality and quantity usable
and, with respect to finished goods, saleable in the Ordinary Course of Business, except for
obsolete items, items of below standard quality and excess inventory, all of which have been
reserved for consistent with past practices used in the preparation of the Financial Statements.

     3.32 Indebtedness. All of the Indebtedness of USP, Renown or the Business is set forth on
Schedule 3.32, with the holder of each item of such Indebtedness set forth thereon and

36

 

the
amount of Indebtedness so held. All Indebtedness of USP, Renown, or the Business, will be repaid
in full at Closing as provided in Section 5.08.

     3.33 Competition Act. For the purposes of the threshold set out at section 110(3) of the
Competition Act, as adjusted on an annual basis, the Seller and its Affiliates do not have
aggregate assets in Canada that exceed CDN$73 million, nor do they have aggregate gross revenues
from sales in or from Canada generated from their assets in Canada that exceed CDN$73 million, all
as determined in accordance with Part IX of the Competition Act.

     3.34 Disclosures. To the knowledge of Seller, no representation or warranty or other
statement made by Seller in this Agreement, the Disclosure Schedules, any supplement to the
Disclosure Schedules or the certificate delivered pursuant to Section 6.01(a) hereof contains any
untrue statement of material fact or omits to state a material fact necessary to make the
statements in this Agreement or therein, in light of the circumstances in which they were made, not
misleading.

ARTICLE 4.

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

     Purchaser hereby makes the following representations and warranties, as of the date hereof and
as of the Effective Time, which representations and warranties shall be qualified by the Schedules.

     4.01 Organization and Authority and the Purchaser. Each Purchaser is duly organized,
validly existing and in good standing under the laws of the State or Province of its incorporation
and has all necessary power and authority to enter into this Agreement and the applicable Ancillary
Agreements. The execution and delivery of this Agreement and any applicable Ancillary Agreements
by each Purchaser, the performance by
each Purchaser of its obligations hereunder and thereunder, and the consummation by each Purchaser
of the transactions contemplated hereby and, as applicable, thereby have been duly authorized by
all requisite corporate action on the part of each Purchaser. This Agreement and each Ancillary
Agreement have been duly executed and delivered by each Purchaser and (assuming due authorization,
execution and delivery by the Seller, Renown and USP and any other parties thereto other than the
Purchaser), this Agreement and each such Ancillary Agreement constitutes a legal, valid and binding
obligation of each Purchaser, enforceable against such Purchaser in accordance with its terms,
subject to bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors
rights and remedies generally and subject, as to enforceability, to rules of law governing specific
performance, injunctive relief and to general principles of equity.

     4.02 No Conflict. The execution, delivery and performance of this Agreement and each
applicable Ancillary Agreement by the Purchaser does not and will not: (a) violate, conflict with
or result in the breach of any provision of the Organizational Documents of the Purchaser; (b)
conflict with or violate in any material respect any Law or Governmental Order applicable to either
Purchaser or any of its properties or assets; or (c) materially conflict with, result in any
material breach of, constitute a material default (or event which with the giving of notice of
lapse

37

 

or time, or both, would become such a default) under, require any consent under, or give to
others any rights of termination, amendment, acceleration, suspension, revocation, or cancellation
of, or result in the creation of any material Encumbrance on any of the assets or properties of
either Purchaser pursuant to, any note, bond, mortgage or indenture, contract, agreement, lease,
sublease, license, permit, franchise or other instrument or arrangement to which a Purchaser is a
party or by which any of its assets or properties are bound or affected.

     4.03 Governmental Consents and Approvals. To the knowledge of Purchaser, the execution,
delivery and performance of this Agreement by the Purchaser does not and will not require any
consent, approval, authorization or other order of, action by, filing with, or notification to, any
Governmental Authority.

     4.04 No Brokers. No broker, finder or investment banker is entitled to any brokerage,
finder’s or other fee or commission in connection with the transactions contemplated by this
Agreement based upon arrangements made by or on behalf of either Purchaser.

     4.05 Litigation. There is no Action pending or, to the knowledge of the Purchaser,
threatened against either Purchaser or its Affiliates, which, if adversely determined, is
reasonably likely to prohibit, restrain or materially delay the ability of either Purchaser to
enter into this Agreement or consummate the transactions contemplated hereby.

     4.06 Investment Intention. Each Purchaser is acquiring the Shares for its own account, for
investment purposes only and not with a view to the distribution (as such term is used in Section
2(11) of the Securities Act). Each Purchaser understands that the Shares have not been registered
under the Securities Act and
cannot be sold unless subsequently registered under the Securities Act or an exemption from such
registration is available.

ARTICLE 5.

COVENANTS AND ADDITIONAL AGREEMENTS

     5.01 Ancillary Agreements. Prior to or contemporaneous with the Closing, the Seller will
cause to be duly executed (by each party other than the Purchaser) and delivered each of the
Ancillary Agreements. The Purchaser shall execute each Ancillary Agreement to which it is a party
and deliver executed copies of such agreements to the Seller.

     5.02 Conduct of Business Prior to the Closing. (a)  Seller covenants and agrees,
except as set forth in Schedule 5.02(a), at all times from and after the date hereof
through and to the Effective Time to take all action necessary cause each of USP and Renown: (i)
operate its respective Business only in the Ordinary Course Business; and (ii) use commercially
reasonable efforts to: (A) preserve its present Business operations, organization and goodwill; and
(B) preserve the present relationships which it has with its vendors, customers and other Persons
having business relationships with it.

          (b) Seller covenants and agrees that, except as set forth in Schedule 5.02(b), at
all times from and after the date hereof through and to the Effective Time, it shall take all
action

38

 

necessary to cause each of USP and Renown to refrain from taking any action or failing to
take any action which would cause any representation or warranty contained in Article 3 hereof to
be untrue in any material respect or result in any breach of any covenant. Without limiting the
foregoing, except to the extent required by Law, without the prior written consent of the
Purchaser, the Seller, Renown and USP shall not:

               (i) declare, set aside, make or pay any dividend or other distribution in respect of the
capital stock, Shares or repurchase, redeem or otherwise acquire any outstanding shares of the
capital stock, Shares or other securities of, or other ownership interests in, USP or Renown;
provided that, nothing in this Section 5.02(b) (i) shall be deemed to prohibit,
limit or otherwise impair the right of USP or Renown to pay to Seller or Gibraltar Industries,
Inc., as applicable, on a daily basis, dividends and amounts due and payable pursuant to
intercompany transactions, all in a manner consistent with the cash management practices of Seller
or Gibraltar Industries, Inc.;

               (ii) transfer, issue, sell or dispose of any shares of capital stock, Shares or other
securities of USP or Renown or grant options, warrants, calls or other rights to purchase or
otherwise acquire shares of the capital stock, Shares or other securities of USP or Renown;

               (iii) except to the extent contemplated by the capital budget of USP and Renown, acquire any
property, plant, facility, furniture or equipment in excess of $50,000 individually;

               (iv) sell, lease, license, encumber or dispose of any material interest in any of its
properties or assets, except use of supplies or sales of inventory in the Ordinary Course of
Business;

               (v) make any loans, advances or capital contributions to, or investments in any Person other
than intercompany loans made by the Seller or Gibraltar Industries, Inc. to USP or Renown in a
manner consistent with the cash management practices of Seller or Gibraltar Industries, Inc.;

               (vi) terminate or amend any Material Contract;

               (vii) enter into any Contract or agreement that would have been required to be disclosed in
Schedule 3.13 if such Contract or agreement had been in effect on the date of this
Agreement other than customer contracts, product purchase agreements or renewals of existing
agreements in the Ordinary Course of Business;

               (viii) enter into any employment agreement with any employee or increase in any manner the
compensation of any of the officers, directors, consultants or other Employees other than normal,
bargained, merit or cost of living payments or increases made in the Ordinary Course of Business;

               (ix) adopt or amend any bonus, profit sharing, compensation, employment or other Employee
Plan, trust, fund or group arrangement for the benefit or welfare of any

39

 

Employees or any bonus,
profit sharing, compensation, stock option, pension, retirement, deferred compensation, employment
or other Employee Plan, agreement, trust fund or arrangements for the benefit or welfare of any
director of USP or Renown;

               (x) make any change in any of its present Tax or accounting methods and practices, except as
required by changes in GAAP or other Applicable Law;

               (xi) except for advances under working capital lines of credit in existence as of the date
hereof in the Ordinary Course of Business, incur any indebtedness for borrowed money, issue any
debt securities or assume, guarantee or endorse the obligations of any other Persons;

               (xii) take any action that would render any representation or warranty made by the Seller,
Renown or USP in this Agreement untrue at the Effective Time, including any actions referred to in
Section 3.10;

               (xiii) cancel or terminate its current insurance policies or allow any of the coverage
thereunder to lapse, unless simultaneously with such termination, cancellation or lapse,
replacement policies providing coverage equal to or greater than the coverage under the canceled,
terminated or lapsed policies for substantially similar premiums are in full force and effect;

               (xiv) amend or authorize the amendment of its Organizational Documents;

               (xv) knowingly take or fail to take any action which would result in a Material Adverse
Effect;

               (xvi) effect or agree to effect any merger, acquisition, recapitalization, reclassification,
stock split or like change in the capitalization of USP or Renown or change of control transaction
with respect to USP or Renown; or

               (xvii) agree or commit to any of the foregoing, whether in writing or otherwise.

     5.03 Access to Information. Prior to the Effective Time, the Purchaser shall be entitled,
through its officers, employees and representatives (including, without limitation, its legal
advisors and accountants), to make such investigation of the properties, businesses and operations
of the Business and such examination of the books, records and financial condition of the Business
as it reasonably requests and to make extracts and copies of such books and records. Any such
investigation and examination shall be conducted during regular business hours and under reasonable
circumstances, and the Seller shall cooperate, and shall direct USP and Renown to cooperate, fully
therein.

     5.04 Confidentiality. No party hereto shall, without the prior written consent of the
disclosing party, disclose or acquiesce in the disclosure by any Person, or use or enable the use

40

 

of any non-public information regarding the disclosing party or the financial condition of such
party (whether or not contained in any documents or otherwise furnished at any time pursuant to the
provisions of this Agreement, including, without limitation, all information and documents
furnished pursuant to Article 7), except to the legal counsel, accountants, financial advisors,
investment bankers and the other authorized agents and representatives of the parties hereto, and
to such Persons only to the extent required for activities directly related to the obligations of
the receiving parties under this Agreement, except to the extent such information has been publicly
disclosed or is otherwise in the public domain or is required to be disclosed by Law or by a court
of competent jurisdiction or Governmental Authority. The provisions of this Section 5.04 shall
apply to Seller, Purchaser, Parent and each Affiliate of Parent and Purchaser.

     5.05 Regulatory and Other Authorizations; Consents.  (a) Each of the parties
hereto shall obtain (and Seller shall cause each of USP and Renown to obtain) all authorizations,
consents, orders, and approvals of all Governmental Authorities and officials that may be or become
necessary for such party’s execution and delivery of, and the performance of their respective
obligations pursuant to, this Agreement and each Ancillary Agreement, and will cooperate fully with
each other in promptly seeking to obtain all such authorizations, consents, orders and approvals.

          (b) Each of the parties hereto shall (and Seller shall cause each to USP and Renown to): (i)
give promptly such notices to third parties; and (ii) use its reasonable
commercial efforts to obtain such third party consents, each to the extent necessary or useful
in connection with the transactions contemplated by this Agreement.

          (c) Each of the parties hereto shall (and Seller shall cause each of USP and Renown to
obtain) cooperate and use all reasonable efforts to assist each other in giving such notices and
obtaining such consents; provided, however, that no party hereto shall have any
obligation to give any guarantee or other consideration of any nature in connection with any such
notice or consent or to consent to any change in the terms of any agreement or arrangement which
such party in its sole and absolute discretion may deem adverse to the interests of the Purchaser,
the Seller, Renown or USP.

     5.06 Non-Competition.  (a) From the date of this Agreement through the end of
the five (5) year period beginning on the first day following of the Closing Date, Parent, Seller
and their respective Affiliates shall not, directly or indirectly:

               (i) engage, invest in, own, manage, operate, finance, control, advise, render services to,
guarantee the obligations of, be associated with, or in any manner be connected with a “Competitive
Business”, which for the purpose of this Agreement, means a business located in or transacting
business in the United States or Canada that is competitive, in whole or in part, with the Business
as conducted as of the Closing Date or within twelve (12) months prior to the Closing Date;

               (ii) (A) solicit, induce, or otherwise cause, or attempt to solicit, induce, or otherwise
cause, any customer, supplier, licensor, licensee, or any prospective customer, supplier, licensor,
or licensee that has been contacted or targeted for contact by USP or Renown on or before the
Closing Date (any such current or prospective customers, suppliers, licensors,

41

 

licensees and Persons contacted or targeted for contact by USP or Renown being hereinafter “Targeted Customers”),
or any other Person engaged in a business relationship with USP, Renown (or their successors), to
terminate, curtail, or otherwise modify its relationship with USP, Renown (or their successors), or
(B) interfere in any way with the relationship between USP, Renown (or their successors), and any
of its Targeted Customers or any other Person engaged in a business relationship with USP, Renown
(or their successors); provided that, nothing in this Section 5.06(a)(ii) shall be deemed or
construed to prohibit Seller or any Affiliate of Seller from engaging in or soliciting sales of
products of a business which is not a Competitive Business to Targeted Customers; or

               (iii) (A) cause, induce, or attempt to cause or induce any employee, agent, or independent
contractor of USP, Renown (or their successors) to terminate such relationship; (B) in any way
interfere with the relationship between USP, Renown (or their successors) and any of its employees,
agents, or independent contractors; or (C) hire, retain, employ, or otherwise engage or attempt to
hire, retain, employ, or otherwise engage as an employee, independent contractor, or otherwise, any
employee, agent, or independent contractor of USP, Renown (or their successors). Notwithstanding
the foregoing, nothing in this Section 5.06(a)(iii) shall be deemed to prohibit the Seller from
solicitation of prospective employees in a general purpose employment advertisement in a local or
national newspaper, posting on the internet or such other
general solicitation; provided that such solicitation is not directed specifically to any
current employees of USP, Renown (or their successors).

          (b) From the date of this Agreement through the end of the five (5) year period beginning on
the first day following of the Closing: (i) Parent, Seller and their respective Affiliates shall
take any and all action as may be necessary to prevent their respective officers and directors from
making any disparaging statement, either orally or in writing, regarding Purchaser, USP, Renown (or
their successors), the business, products, or services thereof, or any of their respective
directors, officers, employees, or agents; and (ii) Purchaser and each Affiliate of Purchaser,
including, but not limited to, USP and Renown, shall take any and all action as may be necessary to
prevent their respective officers and directors from making any disparaging statement, either
orally or in writing, regarding Parent, Seller or any of their Affiliates, the business, products
or services of Parent, Seller or any of their respective Affiliates or any of their respective
directors, officers, employees or agents of Parent, Seller or any of their respective Affiliates.
Notwithstanding the foregoing, the obligations of Purchaser and its Affiliates under Section
5.06(b)(ii) above shall not apply to the business, products, services, officers, directors,
employees or agents of any Incidental Competitor which may be acquired by Seller pursuant to
Section 5.06(e) hereof.

          (c) (i) The Seller acknowledges that: (A) a material breach of any of the covenants
contained in this Section 5.06 would result in material irreparable injury to the Purchaser, USP
and/or Renown and each of their respective successors for which there is no adequate remedy at law;
(B) it may not be possible to measure damages for such injuries precisely; (C) the Purchaser will
be entitled to obtain equitable relief, including, but not limited to, a temporary restraining
order and/or a preliminary or permanent injunction restraining the Seller and its Affiliates from
engaging in activities prohibited by this Section 5.06, and such

42

 

other relief as may be required to
specifically enforce any of the covenants in this Section 5.06; and (D) Seller waives the posting
of a bond or undertaking as a condition to such relief.

               (ii) The Purchaser acknowledges that: (A) a material breach of any of the covenants of
Purchaser contained in Section 5.06(b)(ii) would result in material irreparable injury to the
Parent, the Seller and their respective Affiliates for which there is no adequate remedy at law;
(B) it may not be possible to measure damages for such injuries precisely; (C) the Parent, the
Seller and their respective Affiliates will be entitled to obtain equitable relief, including, but
not limited to, a temporary restraining order and/or a preliminary or permanent injunction
restraining the Purchaser and its Affiliates from engaging in activities prohibited by Section
5.06(b)(ii), and such other relief as may be required to specifically enforce any of the covenants
of the Purchaser contained in Section 5.06(b)(ii); and (D) Purchaser waives the posting of a bond
or undertaking as a condition to such relief.

          (d) Seller agrees that this Section 5.06, including the provisions relating to duration,
geographical area, and scope, is reasonable and necessary to protect and preserve Purchaser’s,
USP’s and Renown’s legitimate business interests and the value of the Shares and of USP and Renown,
and to prevent an unfair advantage from being conferred on Seller and is thus integral to this
Agreement. If any provision or portion of this Section 5.06 is found by a court of competent
jurisdiction to be invalid or unenforceable, any such invalid or unenforceable
provision or portion thereof shall be deemed, without further action on the part of the
parties hereto, modified, amended or limited to the extent necessary to render the same valid and
enforceable. No proceeds or other amount received or receivable under this Agreement by the Seller
shall be for granting any restrictive covenant under this Agreement. The Seller and the Purchaser
shall duly and timely make and file any elections (including any amended elections) that the Seller
or the Purchaser (or an affiliate of the Purchaser) may request, in such form as the Seller or the
Purchaser may request, as provided for under section 56.4 of the Canadian Income Tax Act, as it is
proposed to be amended on the date of this Agreement, or as it may subsequently be amended, or
under analogous provisions of any other income tax legislation.

          (e) Nothing in this Section 5.06 shall preclude or prohibit the Seller or any of its
Affiliates from acquiring the stock (or other securities) or assets of any Person which derives
less than four percent (4%) of its revenues from the conduct of a Competitive Business (any such
business being hereinafter an “Incidental Competitor”); provided that, after any such acquisition,
the Seller complies with the remaining provisions of this Section 5.06(e). Notwithstanding the
rights of the Seller and its Affiliates to purchase an Incidental Competitor, in no event shall
Seller and/or its Affiliates have the right, at any time during the five (5) year period beginning
on the first day following the Closing Date, to purchase, by merger, acquisition of stock,
acquisition of assets or otherwise, any Person identified in a list of such Persons to be agreed to
by Seller and Purchaser on the Closing Date. In the event that the Seller or any of its Affiliates
acquires an Incidental Competitor at any time during the five (5) year period beginning on the
first day following the Closing Date, the Seller or any Affiliate of the Seller that acquires any
such Incidental Competitor shall, promptly, but in no event later than thirty (30) days following
the acquisition by Seller or any Affiliate of Seller, provide the Purchaser the exclusive right
(subject to the execution by Purchaser and Seller or its Affiliate of a confidentiality and
exclusivity agreement containing reasonable and customary terms and conditions for similar purposes
(the

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“Confidentiality Agreement”)), for a period of ninety (90) days following the execution of the
Confidentiality Agreement, to perform a due diligence investigation of the business of the
Incidental Competitor for the purpose determining whether or not the Purchaser has any interest in
purchasing the Incidental Competitor from Seller or its Affiliate. In connection with the due
diligence investigation which Purchaser may determine to undertake, Seller agrees to negotiate in
good faith with Purchaser the terms and conditions for the Purchaser to acquire any such Incidental
Competitor. In the event that Purchaser and Seller or its Affiliate are unable to agree upon terms
for the purchase by Purchaser of the Incidental Competitor within ninety (90) days following the
execution of the Confidentiality Agreement, Seller or its Affiliate shall not be prohibited from
operating the business of such Incidental Competitor in the ordinary course or from engaging in
discussions with any third party other than Purchaser for the sale of the business or assets of the
Incidental Competitor. In addition to the exception from the prohibitions of Section 5.06(a)(i)
set forth above in this Section 5.06(e), nothing in Section 5.06(a)(i) shall preclude or limit any
Person, which, is not an Affiliate of the Seller (whether as of the Closing Date or any time
thereafter) from engaging in a Competitive Business from and after the acquisition of the Seller,
any Affiliate of Seller or any successor in interest to the Seller or any Affiliate of Seller, by
merger, purchase of a majority of the stock or other controlling interest, purchase of
substantially all of the assets or other transaction having the same or similar effect as any of
the foregoing.

     5.07 Further Action. Each of the parties hereto shall use all reasonable efforts to take,
or cause to be taken, all appropriate action, to do or cause to be done all things necessary,
proper or advisable under Applicable Law, and to execute and deliver such documents and other
papers, each as may be required to carry out the provisions of this Agreement and the Ancillary
Agreements and to consummate and make effective the transactions contemplated by this Agreement and
the Ancillary Agreements. In connection with the foregoing, Seller shall use commercially
reasonable efforts to obtain an assignment from the inventor of U.S. Patent No. 7,134,636, issued
November 14, 2006 and entitled “Post Support” (hereinafter the “Post Support Patent”) and shall use
commercially reasonable efforts to obtain an assignment of U.S. Patent No. 5,217,317 (hereinafter
the “Expired Patent”) from the inventor of the Expired Patent (the “Expired Patent Inventor”). In
connection with the efforts of the Seller to obtain the assignment from the inventor of the Post
Support Patent, the Purchaser agrees to cause USP to commence and prosecute legal proceedings
against the inventor of the Post Support Patent, at the Seller’s sole cost and expense and with
counsel selected by Seller and reasonably acceptable to Purchaser, to cause the inventor of the
Post Support Patent to comply with his obligation to assign his rights to the Post Support Patent
to USP as provided in under his employment agreement with USP. In connection with the efforts of
the Seller to obtain assignments to the Expired Patents from the Expired Patent Inventors, the
Seller’s obligation shall be to request, in writing, an assignment from the Expired Patent
Inventors and Seller shall not be obligated to commence litigation against any of the Expired
Patent Inventors or to pay any sum to obtain an assignment from any of the Expired Patent
Inventors.

     5.08 Release of Indebtedness. Prior to or on the Closing Date, the Seller shall have (or
shall have caused each of USP and Renown to have) fully discharged and paid any and all
Indebtedness of USP, Renown or the Business, and at Closing the Seller shall deliver evidence of
the foregoing reasonably satisfactory to the Purchaser.

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     5.09 Legal Privileges. The Seller and the Purchaser acknowledge and agree that all
attorney-client, solicitor-client, work product and other legal privileges that may exist with
respect to USP or Renown shall, from and after the Closing Date, be deemed joint privileges of the
Seller and the Purchaser. Both the Seller and the Purchaser shall use all commercially reasonable
efforts after the Closing Date to preserve all privileges and neither the Seller nor the Purchaser
shall knowingly waive any such privilege without the prior written consent of the other party
(which consent shall not be unreasonably withheld or delayed).

     5.10 Transition Services. Beginning on the Closing Date, the Seller shall furnish or cause
to be furnished to USP and Renown, the transition services identified in Schedule 5.10 for
the time period provided in Schedule 5.10 for the purpose of enabling the Purchaser to
manage an orderly transition. The specific terms and conditions upon which such transition
services shall be provided shall be set forth in a transition services agreement which shall be
entered into by the Seller and the Purchaser at the Closing.

     5.11 Preservation of Records. Subject to Section 9.02 hereof (relating to the preservation
of Tax records), the Seller and the Purchaser shall preserve and keep the records held by them
relating to the business of USP and Renown for a period of seven (7) years from the Closing Date
and shall make such records and personnel available to the other as may be reasonably required by
such party in connection with, among other things, any insurance claims by, legal proceedings
against or governmental investigations of the Seller, Renown, USP or the Purchaser or any of their
Affiliates or in order to enable the Seller or the Purchaser to comply with their respective
obligations under this Agreement; provided, however, that a Person may dispose of
any such records at any time during such period if such Person first provides sixty (60) days prior
written notice to the other parties hereto of the intent to so dispose of such records and affords
such other parties an opportunity, at their expense, to take possession and control of such
records.

     5.12 Employee Benefits.  (a) For a period of twelve (12) months from the Closing
Date, the Purchaser shall cause Renown to offer and/or maintain employee compensation and benefit
plans to Continuing Employees (as defined below) that are substantially comparable in the aggregate
to the compensation and benefits (as provided by the Employee Plans, except for any option to
invest in Parent stock) provided by Renown to Continuing Employees immediately prior to the
Closing.

          (b) For a period of twelve (12) months from the Closing Date, the Purchaser shall cause USP
to offer and/or maintain employee compensation and benefit plans to Continuing Employees (as
defined below) that are substantially comparable in the aggregate to the compensation and benefits
generally provided by Purchaser to its employees immediately prior to the Closing. Notwithstanding
the foregoing, any continuing Employees who participate in nonqualified deferred compensation plans
sponsored by Seller shall not be eligible to participate in nonqualified deferred compensation
plans sponsored by Purchaser.

          (c) After the Closing Date, the Purchaser shall take such actions as are necessary to cause
each of USP and Renown to grant to any individuals who were employees of USP and

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Renown immediately
prior to the Effective Time (“Continuing Employees”) credit for past service for purposes of
initial eligibility to participate and vesting under any employee benefit plans established or
maintained by the Purchaser, Renown and/or USP for Continuing Employees after the Closing Date,
except to the extent that such credit would result in a duplication of benefits with respect to the
same period of service.

          (d) After the Closing Date, the Purchaser shall cause each of USP and Renown to take such
actions as are necessary to give Continuing Employees credit for their past service for purposes of
determining the amounts of sick pay, holiday pay and vacation pay they are eligible to receive
under any sick pay, holiday pay and vacation pay policies and programs established or maintained by
the Purchaser, Renown and/or USP for Continuing Employees after the Closing Date.

          (e) With respect to each Continuing Employee who is an active participant in a group health
plan (as defined in Section 5000(b) of the Code) (a “USP Health Plan”)
immediately prior to the Effective Time, after the Effective Time, the Purchaser shall cause
USP to take such actions as are necessary to ensure that the group health plan established or
maintained by the Purchaser and/or USP after the Effective Time for Continuing Employees shall
waive any preexisting condition restrictions and waiting period requirements to the extent that
such preexisting condition restrictions and waiting period requirements were waived or satisfied
under the applicable USP Health Plan in which such Continuing Employee participated immediately
prior to the Effective Time: Purchaser shall not provide credit, for the plan year (of the group
health plan established for the Continuing Employees) in which the Closing Date occurs (the
“Current Year”), for any co payments or deductible payments made by the Continuing Employee and out
of pocket expenditures incurred by the Continuing Employee under the applicable USP Health Plan for
the Current Year.

          (f) With respect to former Employees of USP who are receiving COBRA coverage, such COBRA
coverage shall continue to be maintained solely by Parent and/or Seller’s group health plan.

          (g) Prior to Closing, USP shall take all action necessary to terminate its participation as a
Participating Affiliate in the Gibraltar 401(k) Plan. Upon Closing, Continuing Employees that are
participants in the Gibraltar 401(k) Plan shall be treated as participants whose employment has
terminated and shall have the right to distribution of their account balances in the Gibraltar
401(k) Plan. Although Continuing Employees shall have the option to rollover a distribution from
the Gibraltar 401(k) Plan to the Purchaser’s 401(k) Plan, such rollover option shall not include
the right to rollover Gibraltar stock held in the Gibraltar 401(k) Plan. Seller shall communicate
such limitation to Continuing Employees when notifying participants who are Continuing Employees in
the Gibraltar 401(k) Plan of distribution and rollover rights.

          (h) Nothing in this Section 5.12 or this Agreement shall require the Purchaser to continue to
employ any Continuing Employee for any specific length of time.

     5.13 Schedules. Seller reserves the right to update the Schedules attached hereto between
the date hereof and the Closing Date to reflect changes in the information contained in

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such
Schedules attributable to facts, events, actions or occurrences first occurring on or after the
date hereof; provided that, nothing herein shall be deemed to limit or otherwise
impair the right of the Purchaser to recover for any breaches and/or to terminate this Agreement
pursuant to Section 8.01(a) (ii) hereof if, in the reasonable determination of the Purchaser, the
information disclosed in any update to the Schedules will have a Material Adverse Effect.

     5.14 Intercompany Accounts and Contracts. Net Intercompany Accounts will be paid or
forgiven immediately prior to the Closing Date. All Contracts between Seller or its Affiliates
(other than USP or Renown), on the one hand, and either USP or Renown, on the other hand, shall be
terminated immediately prior to the Closing Date with no further Liability to USP or Renown.

     5.15 Exclusive Dealing. Until the Closing Date or until this Agreement shall have been
terminated pursuant to Article 8,
Seller shall not (and shall cause each of USP and Renown to refrain from), directly or indirectly,
solicit, initiate, encourage, or entertain any inquiries or proposals from, discuss or negotiate
with, provide any nonpublic information to, or consider the merits of any inquiries or proposals
from any Person (other than Purchaser) relating to any business combination transaction involving
Seller, USP or Renown, however structured, including the sale of the business or assets (other than
in the Ordinary Course of Business) of USP or Renown, or the Shares, or any merger, consolidation,
or similar transaction or arrangement. Seller shall notify Purchaser of any such inquiry or
proposal within 24 hours of receipt thereof by any Seller, USP or Renown.

     5.16 Business Relationships. For a period of three (3) years following the Closing Date,
Seller shall refer to Purchaser, USP or Renown all inquiries and communications received by Seller
relating to the Business after the Closing.

ARTICLE 6.

CONDITIONS TO CLOSING

     6.01 Conditions to Obligations of the Seller. The obligations of the Seller to consummate
the transactions contemplated by this Agreement shall be subject to the fulfillment, or written
waiver by the Seller (in its sole discretion), at or prior to the Closing, of each of the following
conditions:

          (a) Representations, Warranties and Covenants. The representations and warranties of
the Purchaser contained in this Agreement which are qualified by materiality or Material Adverse
Effect shall be true and correct in all respects as of the date hereof and as of the Effective
Time, all other representations and warranties of the Purchaser shall be true and correct in all
material respects as of the date hereof and as of the Closing Date, the covenants and agreements
contained in this Agreement to be complied with by the Purchaser on or before the Closing shall
have been complied with and the Seller shall have received a certificate from the Purchaser to such
effect signed by a duly authorized officer thereof;

          (b) No Proceeding or Litigation. No Action shall have been commenced by or before
any Governmental Authority against the Seller, Renown, USP or the Purchaser, seeking to

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restrain or
materially alter the transactions contemplated by this Agreement which, in the reasonable, good
faith determination of the Seller, is likely to render it impossible or unlawful to consummate such
transactions or which would reasonably be expected to have a Material Adverse Effect;

          (c) Ancillary Agreements. At or prior to the Closing, the Purchaser shall have
delivered each of the Ancillary Agreements, duly executed by each party thereto (other than the
Seller, Renown and USP) in a form satisfactory to the Seller;

          (d) Consents and Approvals. The Seller shall have received: (i) from the Purchaser,
each in form and substance satisfactory to the Seller in its sole and absolute discretion, all
authorizations, consents, orders and approvals of all Governmental Authorities and officials and
all third party consents which the Seller in reasonable and good faith belief deems
necessary or desirable for the consummation of the transactions contemplated by this Agreement
(unless the Seller, in its sole discretion, have waived the obligation of the Purchaser to provide
any such authorizations, consents, orders, approvals or estoppel certificates); and (ii) Seller
shall have received all necessary consents, each in form and substance satisfactory to the Seller
in its sole and absolute discretion, from its institutional lender in accordance with the terms and
conditions of that certain Third Amended and Restated Credit Agreement by and among Gibraltar
Industries, Inc. and Seller, KeyBank National Association as Administrative Agent and Lead Arranger
and the Lenders named therein dated as of July 24, 2009, as amended; and

          (e) Opinion. Opinions of counsel to Purchaser, dated the Closing Date, in a form
reasonably acceptable to Seller.

     6.02 Conditions to Obligations of the Purchaser. The obligations of the Purchaser to
consummate the transactions contemplated by this Agreement shall be subject to the fulfillment, or
written waiver by the Purchaser (in its sole discretion), at or prior to the Closing, of each of
the following conditions:

          (a) Representations, Warranties and Covenants. The representations and warranties of
the Seller contained in this Agreement which are qualified by materiality or Material Adverse
Effect shall be true and correct in all respects as of the date hereof and as of the Effective
Time, all other representations and warranties of the Seller shall be true and correct in all
material respects as of the date hereof and as of the Effective Time, the covenants and agreements
contained in this Agreement to be complied with by the Seller on or before the Closing shall have
been complied with and the Purchaser shall have received a certificate from Seller to such effect;

          (b) No Proceeding or Litigation. No Action shall have been commenced or threatened
by or against the Seller, Renown, USP or the Purchaser which seeks to restrain or materially alter
the transactions contemplated hereby which the Purchaser believes, in its reasonable good faith
determination, is likely to render it impossible or unlawful to consummate the transactions
contemplated by this Agreement or the Ancillary Agreements, or which would reasonably be expected
to have a Material Adverse Effect;

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          (c) Consents and Approvals. The Seller shall have obtained, each in form and
substance reasonably satisfactory to the Purchaser in its sole and absolute discretion, all
authorizations, consents, orders and approvals of all Governmental Authorities and officials and
all third party consents which the Purchaser in reasonable and good faith belief deems necessary or
desirable for the consummation of the transactions contemplated by this Agreement or by the
Ancillary Agreements;

          (d) Organizational Documents. The Purchaser shall have received a copy of: (i) the
Organizational Documents of each of USP and Renown, as amended, certified by the Secretary of each
such Person and accompanied by a certificate of the Secretary of each such Person, dated as of the
Closing Date, stating that no amendments have been made to such Organizational Documents since such
date; (ii) the By-laws of each of USP and Renown, certified by the Secretary of each such Person;
and (iii) Good Standing Certificates for USP from
the Secretary of State of the State of Minnesota and a Good Standing Certificate for Renown
from the Province of Ontario;

          (e) Ancillary Agreements. At or prior to the Closing, the Seller shall have
delivered each of the Ancillary Agreements, duly executed by each party thereto (other than the
Purchaser or its Affiliates), in substantially the forms attached hereto;

          (f) No Material Adverse Effect. No Material Adverse Effect shall have occurred with
respect to the Business; and

          (g) Opinion. Opinions of counsel to Parent, Seller, USP and Renown, dated the
Closing Date, in a form reasonably acceptable to Purchaser.

ARTICLE 7.

INDEMNIFICATION

     7.01 Survival; Remedies for Breach. (a) Each and every representation and
warranty made by the Seller, USP, Renown and the Purchaser in this Agreement or in any Exhibit,
Schedule, instrument of transfer or other document delivered pursuant hereto or in connection
herewith shall survive the Closing (even if the Party for whose benefit the representation and
warranties were made knew or had reason to know of any misrepresentation or breach of warranty at
the time of Closing) for a period of five hundred forty (540) days beginning on the first day
following the Closing, except that: (i) the representations and warranties of the Seller contained
in Section 3.18 shall survive until sixty (60) days after the end of the statute of limitations
applicable to the Taxes which are the subject of such representations and warranties, having
regard, without limitation, to any entitlement of a Governmental Authority to assess or reassess
Renown or USP without limitation in the event of fraud or misrepresentation attributable to
neglect, carelessness or willful default, and any waiver given by Renown or USP in respect of such
Taxes; (ii) representations and warranties of the Seller contained in Sections 3.05(b) and 3.06 and
of Purchaser contained in Sections 4.02(b) and (c) and Section 4.03 shall survive for a period of
three (3) years following the Closing Date; (iii) the representations and warranties of the Seller
contained in Section 3.19 shall survive for a period of four (4) years

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beginning on the first day
following the Closing; and (iv) the Specified Representations shall survive the Closing without
limitation as to time. Each and every covenant and agreement of a party set forth herein shall
survive the Closing without limitation as to time. Except as otherwise provided in Section
7.01(b), following the expiration of the period during which the representations and warranties
survive the Closing as set forth in the preceding sentence (such period being hereinafter the
“Survival Period”), the representations and warranties shall be of no further force or effect.

          (b) Any representation or warranty that would otherwise terminate at the expiration of the
Survival Period with respect thereto shall survive if the written notice referred to in Section
7.02(b) or Section 7.03(b), as the case may be, of the breach or inaccuracy thereof shall have been
given to the party against whom indemnification may be sought on or prior to the expiration of the
applicable Survival Period; provided that such survival shall only apply to the
portion of any such representation or warranty with respect to which such breach or inaccuracy
has occurred.

          (c) After the Closing, and except in the case of fraud or intentional misconduct or omission,
the indemnities set forth in this Article 7 shall be the exclusive remedies of the Seller and the
Purchaser for the breach of any covenant, agreement, representation or warranty in this Agreement
by the Seller or by the Purchaser, as the case may be, and the parties shall not be entitled to a
rescission of this Agreement or to any further indemnification rights or claims of any nature
whatsoever in respect thereof, all of which the parties waive, except the Seller and the Purchaser
shall have the right to seek equitable relief for any breach of a covenant, including injunctive
relief or specific performance.

     7.02 Indemnification of the Purchaser. (a) Subject to the provisions of this
Section 7.02 and the other Sections of this Article 7, the Purchaser and each of its Affiliates,
officers, directors, employees, agents, successors and assigns and, after the Effective Time,
Purchaser, USP, Renown and each of their respective Affiliates, officers, directors, employees,
agents, successors and assigns (each hereinafter a “Purchaser Indemnified Party”) shall be
indemnified by the Seller from and against the amount of any and all Losses incurred or sustained
by or imposed upon any of them with respect to or by reason of:

               (i) any failure, breach or inaccuracy of any representations or warranties made by the Seller
under this Agreement or contained in any certificate, document or instrument delivered by the
Seller hereunder;

               (ii) any breach, default or lack of performance on the part of the Seller of any of its
covenants or agreements under this Agreement or the Ancillary Agreements;

               (iii) any claim by any Person for brokerage or finder’s fees or commissions or similar
payments based upon any agreement or understanding made, or alleged to have been made, by any such
Person with any Seller, USP or Renown (or any Person acting on their behalf) in connection with the
transactions contemplated herein;

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               (iv) (A) any Taxes, costs, expenses and liabilities including reasonable legal fees, on a full
indemnity basis (without reduction for tariff rates or similar reductions) which may be suffered or
incurred by any of the Purchaser Indemnified Parties as a result of, or arising out of or in
connection with or related in any manner whatever to any Taxes required to be paid by USP or Renown
relating to any period ending on or before the Effective Time or the portion of any Taxes for any
taxation year or period ending after the Effective Time that is attributable to the portion of such
year or period ending on the Effective Time, except to the extent that such Taxes were specifically
accrued as a liability on the Closing Balance Sheet and (B) any liability of USP or Renown for
Taxes of any of other Person (including Seller and its Affiliates) relating to any period ending on
or before the Effective Time, as a transferee or successor, by Contract or otherwise;

               (v) any Liability of USP or Renown with respect to products shipped by either of them prior to
the Effective Time; provided that the event giving rise to the Liability occurred prior to
Effective Time but expressly excluding from the events giving rise to Liability (for the purpose of
determining whether the Seller has an obligation to indemnify the Purchaser Indemnified Parties
hereunder), the events of design, manufacture and sale or shipment of USP or Renown products;

               (vi) any Liabilities arising under the terms of the group medical, group dental and group
vision plans maintained by Parent for employees of USP to the extent that any such Liabilities are
attributable to services performed for employees of USP on or prior to the Closing Date and to the
extent that any such Liabilities are attributable to services performed for employees of Seller or
any Affiliate of Seller other than USP at any time;

               (vii) any Liabilities arising under any of the Employee Plans which are sponsored or
maintained by Seller or Parent other than the group medical, group dental and group vision plans
maintained by Parent and for which no Liability is accrued on either the USP Closing Balance Sheet
or the Renown Closing Balance Sheet;

               (viii) any Liabilities of USP arising under or in connection with any Environmental Laws with
respect to the facility leased by USP and located at 9030 Bridgeport Place, Rancho Cucamonga,
California;

               (ix) any Liabilities of USP arising on or prior to the Effective Time under or in connection
with any Environmental Laws with respect to the Houston Warehouse;

               (x) any Losses arising from any claim that USP does not own or have the right to use or
enforce the Post Support Patent against third parties;

               (xi) any Liabilities of USP arising in connection with the litigation matters described in
Schedule 7.02(a)(xi) (it being acknowledged and agreed by Seller and Purchaser that the
Liabilities of USP arising in connection with the matters described in Schedule 7.02(a)(xi)
are Third Party Claims for which Seller shall be deemed to have provided timely notice to Purchaser
(as contemplated by Section 7.06(b)) that Seller intends to defend against such Third Party
Claims);

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               (xii) any Liabilities of USP arising after the Effective Time in connection with the workers
compensation claims identified in Schedule 7.02(a)(xii), but only to the extent that the
aggregate amount paid by USP after the Effective Time with respect to any such workers compensation
claim exceeds the aggregate amount of the outstanding reserve for such workers compensation claim
as reflected in Schedule 7.02(a)(xii) (it being acknowledged and agreed by Seller and
Purchaser that the Liabilities of USP arising in connection with the matters described in
Schedule 7.02(a)(xii) are Third Party Claims for which Seller shall be deemed to have
provided timely notice to Purchaser (as contemplated by Section 7.06(b)) that Seller intends to
defend against such Third Party Claims); and

               (xiii) any Losses incurred by any Purchaser Indemnified Party arising from any violations of
any Environmental Laws which are attributable to the matters disclosed in Schedule 3.19(b)
(such matters being the “Disclosed Environmental Matters”), but only to the extent that: (A) the
Purchaser Indemnified Parties provide written notice to the Seller of any claim for indemnification
under this Section 7.02(a)(xiii) containing a reasonably detailed description of the Losses
incurred by the Purchaser Indemnified Parties and the basis for such Losses no later than the end
of the four (4) year period beginning on the first day following the Closing Date; (B) the
aggregate amount of the Losses incurred by the Purchaser Indemnified Parties with respect to the
Disclosed Environmental Matters exceeds Three Hundred Thousand Dollars ($300,000.00); and (C) the
aggregate amount of the Losses incurred by the Purchaser Indemnified Parties with respect to the
Disclosed Environmental Matters, when aggregated with all other Losses incurred by the Purchaser
Indemnified Parties arising as a result of indemnification claims under Section 7.02(a)(i) hereof
do not exceed Six Million Dollars ($6,000,000.00).

          (b) Notwithstanding anything to the contrary in this Agreement, the Purchaser Indemnified
Parties shall not be entitled to indemnification under Section 7.02(a) :

               (i) In connection with any claim for indemnification under Section 7.02(a)(i), with respect to
which, but only to the extent that, a Purchaser Indemnified Party has an enforceable right of
indemnification or right of set off against any third party (contractual or otherwise) (a “Recovery
Claim”); provided, however, (A) if a Purchaser Indemnified Party elects to pursue such
Recovery Claim, then the survival periods contained in Section 7.01(a) shall be tolled until the
Purchaser has used commercially reasonable efforts to recover any amounts that may otherwise be
payable by Seller hereunder; provided that, in no event shall the Purchaser be required to commence
legal proceedings to collect upon any such Recovery Claim and (B) Seller shall pay to the Purchaser
Indemnified Parties all amounts expended by a Purchaser Indemnified Party in pursuing the Recover
Claim; or

               (ii) With respect to any claim for indemnification under Section 7.02(a)(i) hereof, unless the
Purchaser Indemnified Party has provided the Seller with written notice of such claim setting forth
in reasonable detail the facts and circumstances pertaining thereto as soon as practicable
following discovery of such claim, but only to the extent that, as a result of any such failure to
provide notice, the Seller can demonstrate, by clear and convincing evidence,

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that its ability to
defend against any Third Party Claim or mitigate the cost to the Seller of indemnifying the
Purchaser Indemnified party has been materially adversely affected and, in any event, prior to the
expiration of the applicable Survival Period.

     7.03 Indemnification of the Seller. (a) Subject to the provisions of this
Section 7.03 and the other Sections of this Article 7, the Purchaser agrees to indemnify, defend
and hold the Seller, and its Affiliates, officers, directors, employees, agents, successors and
assigns, (each a “Seller Indemnified Party”), harmless from and against any and all Losses incurred
or sustained by or imposed upon any of the Seller Indemnified Parties with respect to or by reason
of:

               (i) any failure, breach or inaccuracy by the Purchaser of any representations or warranties
made by the Purchaser under this Agreement or the Ancillary Agreements or contained in any
certificate, document or instrument delivered by the Purchaser hereunder; and

               (ii) any breach, default or lack of performance on the part of the Purchaser of any of its
covenants or agreements under this Agreement or the Ancillary Agreements.

          (b) Notwithstanding anything to the contrary in this Agreement, the Seller Indemnified
Parties shall not be entitled to indemnification with respect to a claim for indemnification under
Section 7.03(a)(i) hereof, unless the Seller has given the Purchaser written notice of such claim,
setting forth in reasonable detail the facts and circumstances pertaining thereto as soon as
practicable following the discovery of such claim by the Seller Indemnified parties, but only to
the extent that, as a result of any such failure to provide notice, the Purchaser can demonstrate
that its ability to defend against any Third Party Claim or mitigate the cost to the Purchaser of
indemnifying such Seller Indemnified Party has been materially adversely affected; or

          (c) With respect to claims for indemnification under Section 7.03(a)(i) hereof, unless the
Seller Indemnified Parties have provided the Purchaser written notice of such claim and in all
events prior to the expiration of the Survival Period.

          7.04 Procedures for Indemnification. (a) If any Purchaser Indemnified Party or
any Seller Indemnified Party (hereinafter an “Indemnified Party”) shall claim to have suffered a
Loss (other than with respect to any claim asserted, demand or other Action by any Person who is
not a party to this Agreement (hereinafter a “Third-Party Claim”)) for which indemnification is
available under Section 7.02 or 7.03, as the case may be, the Indemnified Party shall notify the
party required to provide indemnification (hereinafter an “Indemnifying Party”) in writing of such
claim: (i) with respect to claims arising under Section 7.02(a)(i) or Section 7.03(a)(i), within
the time periods provided in Section 7.02(b)(ii) or Section 7.03(b), as the case may be; (ii) with
respect to a claim under Sections 7.02(a) (ii)-(xii) or 7.03(a)(ii) at any time after the Closing
Date (except that the obligation of Seller to indemnify the Purchaser Indemnified
Parties with respect to claims under Section 7.02(a)(v) shall expire at the end of the three (3) year period
beginning on the first day following the Closing Date with respect to any claims arising under
Section 7.02(a)(v) for which written notice has not been delivered by the Purchaser Indemnified

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Parties to Seller prior to the end of the three year period beginning on the first day following
the Closing Date); and (iii) with respect to a claim under Section 7.02(a)(xiii), at any time prior
to the expiration of the four (4) year period beginning on the first day following the Closing
Date. The written notice to be deilvered shall describe the nature of such claim, the facts and
circumstances that give rise to such claim and the amount of such claim if reasonably ascertainable
at the time such claim is made (or if not then reasonably ascertainable, the maximum amount of such
claim reasonably estimated by the Indemnified Party). In the event that within thirty (30) days
after the receipt by the Indemnifying Party of such a written notice from the Indemnified Party,
the Indemnified Party shall not have received from the Indemnifying Party a written objection to
such claim, such claim shall be conclusively presumed and considered to have been assented to and approved by
the Indemnifying Party following receipt by the Indemnifying Party of a written notice from the
Indemnified Party to such effect.

          (b) If within the thirty (30) day period described in Section 7.04(a) above, the
Indemnified Party shall have received from the Indemnifying Party a written notice setting forth
the Indemnifying Party’s objections to such claim and the Indemnifying Party’s reasons for such
objection, then the parties shall negotiate in good faith for a period of ten (10) Business Days
from the date the Indemnified Party receives such objection. After such ten (10) Business Day
period (or such longer period as they may agree in writing), if the parties still cannot agree on
the claim, the Indemnified Party may, at any time thereafter, until the expiration of the
applicable statute of limitations with respect to its claim for indemnification, commence legal
proceedings against the Indemnifying Party to enforce its rights to indemnification from and
against any Losses described in the written notice described in Section 7.04(a) above.

     7.05 Additional Limits on Rights to Indemnification. (a) Notwithstanding
anything to the contrary in this Agreement, except as provided in Section 7.05(b) , an Indemnified
Party shall not be entitled to indemnification:

               (i) for any Losses under Section 7.02(a)(i) or Section 7.03(a)(i), as the case may be, as to
which the Indemnified Parties otherwise may be entitled to indemnification hereunder (without
giving effect to this clause (i)), until such indemnifiable Losses exceed $400,000 (the “Basket
Amount”), provided that, after the aggregate amount of all indemnifiable Losses
exceeds the Basket Amount the Indemnifying Party shall be obligated to indemnify the Indemnified
Party only to the extent that the aggregate amount of all such Losses exceeds the Basket Amount;
and

               (ii) for any Losses under Section 7.02(a)(i) or Section 7.03(a)(i), as the case may be, as to
which the Indemnified Parties otherwise may be entitled to indemnification hereunder to the extent
that the aggregate amount of such Losses exceeds an amount equal to Six Million Dollars
($6,000,000).

          (b) Notwithstanding the provisions of Section 7.05(a) , the Purchaser Indemnified Parties
shall be entitled to be indemnified by the Seller for Losses without reference to or the
application of the limitations in Section 7.05(a) if and to the extent that such Losses are
attributable to a breach or inaccuracy of the Specified Representations or any of the
representations and warranties of the Seller, Renown and USP contained in Section 3.18 hereof.

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In addition, notwithstanding the provisions of Section 7.05(a), the Losses which the Purchaser
Indemnified Parties shall be entitled to be indemnified by the Seller from and against arising from
a breach of the representations and warranties of Sections 3.05(b) and 3.06 shall not be subject to
the limitation contained in Section 7.05(a)(i) relating to losses which do not exceed the Basket
Amount but shall be subject to the limitation contained in Section 7.05(a)(ii) relating to Losses
which exceed the Cap. For the avoidance of doubt, the limitations contained in Section 7.05(a)
shall not apply to claims made pursuant to Sections 7.02(a)(ii) through and including 7.02(a)(xii)
or to claims made pursuant to Section 7.03(a)(ii).

          (c) An Indemnified Party shall not be entitled to double recovery for any Losses. Without
limitation of the foregoing, an Indemnified Party shall not be entitled to indemnification for
Losses (and the amount of any such Losses shall not be includable in determining whether the
aggregate amount of the Losses exceeds the Basket Amount) if and to the extent that the amount of
any Losses from any matter have been taken into account in the determination of the Closing Net
Working Capital.

          (d) Solely with respect to indemnification claims arising under Section 7.02(a)(i) or Section
7.03(a)(i)Any payment made by an Indemnifying Party to an Indemnified Party shall be net of any
insurance proceeds to which the Indemnified Party is entitled as a result of any such claim.
Notwithstanding the foregoing, an Indemnified Party shall not be obligated to commence litigation
against any insurance company to collect any insurance proceeds with respect to a claim for which
indemnification is available to the Indemnified Party and, in the event that the Indemnified Party
commences litigation to collect insurance proceeds from any such insurance company, the time for
making a claim for indemnification with respect to the matter for which the Indemnified Party has
commenced litigation against an insurance company shall be extended by a period equal to the period
beginning on the date the Indemnified party commences litigation against an insurance company to
collect upon any claim for which indemnification would otherwise be available under this Article 7
and ending on the date the litigation is finally determined, including the exhaustion of all
appeals.

     7.06 Procedures for Third-Party Claims. (a) Any Indemnified Party seeking
indemnification pursuant to this Article 7 in respect of any Third-Party Claim shall give the
Indemnifying Party from whom indemnification with respect to such claim is sought: (i) prompt
written notice of such Third Party Claim (but in no event more than ten (10) days after the
Indemnified Party receives written demand of any Third Party Claim which is filed with any
Governmental Authority for which there is a limited time period in which to respond); and (ii)
copies of all documents and information relating to any such Third-Party Claim within ten (10) days
of their being obtained by the Indemnified Party; provided, that the failure by the
Indemnified Party to so notify or provide copies to the Indemnifying Party shall not relieve the
Indemnifying Party from any liability to the Indemnified Party for any liability hereunder except
to the extent that such failure shall have prejudiced the defense of such Third-Party Claim.

          (b) The Indemnifying Party shall have thirty (30) days (or such lesser time as may be
necessary to comply with statutory response requirements for litigation claims that are included in
any Third-Party Claim) from receipt of the notice contemplated in Section 7.06(a) to notify the
Indemnified Party whether or not the Indemnifying Party will, at its sole cost and

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expense, defend
the Indemnified Party against such claim. If the Indemnifying Party timely gives notice that it
intends to defend the Third-Party Claim, it shall have the right, except as hereafter provided, to
defend against, negotiate, settle or otherwise deal with the Third-Party Claim and to be
represented by counsel of its own choice, and the Indemnified Party will not admit any liability
with respect thereto or settle, compromise, pay or discharge the same without the consent of the
Indemnifying Party, which consent shall not be unreasonably withheld or delayed, so long as the
Indemnifying Party is contesting or defending the same with reasonable diligence and in good faith;
provided, that the Indemnified Party may participate in any
proceeding with counsel of its choice and at its expense; provided further,
that the Indemnifying Party may not enter into a settlement of any such Third-Party Claim without
the consent of the Indemnified Party, which consent shall be not unreasonably withheld, unless such
settlement requires no more than a monetary payment for which the Indemnified Party is fully
indemnified by the Indemnifying Party or involves other matters not binding upon the Indemnified
Party; and provided further that, in the event the Indemnifying Party does not
agree in writing to accept the defense of, and assume all responsibility for, such Third-Party
Claim as provided above in this Section 7.06(b) , then the Indemnified Party shall have the right
to defend against, negotiate, settle or otherwise deal with the Third-Party Claim in such manner as
the Indemnified Party deems appropriate, in its sole discretion, and the Indemnified Party shall be
entitled to indemnification therefor from the Indemnifying Party to the extent provided under this
Article 7. Notwithstanding the foregoing, In the event that an Indemnified Party makes a claim for
indemnification from the Indemnifying Party against any Taxes and the Indemnified Party has
provided the Indemnifying Party timely notice of the claim (and, in the case of a claim involving a
Tax arising in connection with a Tax audit, has given timely notice of the audit to the
Indemnifying Party as required by Section 9.03 hereof), the right of the Indemnifying Party to
defend against, negotiate, settle or otherwise deal with the claim relating to Taxes and be
represented by counsel of its own choice shall be be conditioned upon the Indemnifying Party first
unconditionally acknowledging to the Indemnified Party that the Indemnifying Party is required, to
pay any contested Taxes when required by Applicable law (including, for greater certainty, any
Taxes required to be paid pending the final determination of the amount of such contested Taxes.
Notwithstanding the foregoing, if in the reasonable opinion of the Indemnified Party such
Third-Party Claim, or the litigation or resolution of such Third-Party Claim, involves an issue or
matter that could have a Material Adverse Effect on the Indemnified Party, including the
administration of Tax Returns of the Indemnified Party or a dispute with a significant supplier or
customer of the Indemnified Party, or there is a conflict of interest in the defense of such action
between the Indemnified Party and the Indemnifying Party, the Indemnified Party shall have the
right to control the defense or settlement of any such claim or demand and its reasonable costs and
expenses shall be included as part of the indemnification obligations of the Indemnifying Party.
If the Indemnified Party elects to exercise such right, the Indemnifying Party shall have the right
to participate in, but not control, the defense or settlement of such claim at its sole cost and
expense.

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ARTICLE 8.

TERMINATION AND WAIVER

     8.01 Termination. This Agreement may be terminated at any time prior to the Closing Date
(the “Termination Date”):

          (a) by the Purchaser, effective upon written notice to the Seller, if, between the date
hereof and the time scheduled for the Closing: (i) an event or condition occurs that has resulted
in a Material Adverse Effect with respect to the Business; (ii) any supplement to the Schedules
delivered by Seller to Purchaser in accordance with Section 5.13 discloses any facts or other
information which, in the reasonable good faith judgment of the Purchaser, would have a
Material Adverse Effect; or (iii) the Seller shall have breached, in any material respects,
any covenant or obligation hereunder and such breach shall have not been cured by the Seller within
fifteen (15) days following the Seller’s receipt of written notice of such breach from the
Purchaser;

          (b) by the Seller, effective upon written notice to the Purchaser, if, between the date
hereof and the time scheduled for the Closing the Purchaser shall have breached any material
covenant or obligation hereunder and such breach shall have not been cured by the Purchaser within
fifteen (15) days following the Purchaser’s receipt of written notice of such breach from the
Seller;

          (c) by the Seller or the Purchaser, effective upon written notice, if the Closing shall not
have occurred by March 31, 2011; provided, however, that the right to terminate
this Agreement under this Section 8.01(c) shall not be available to any party whose failure to
fulfill any obligation under this Agreement shall have been the cause of, or shall have resulted
in, the failure of the Closing to occur on or prior to such date;

          (d) by either the Purchaser or the Seller, effective upon written notice, in the event that
any Governmental Authority shall have issued an order, decree or ruling or taken any other action
restraining, enjoining or otherwise prohibiting the transactions contemplated by this Agreement; or

          (e) by the mutual written consent of the Seller and the Purchaser.

     8.02 Effect of Termination. In the event of termination of this Agreement as provided in
Section 8.01, this Agreement shall forthwith become void and there shall be no liability on the
part of any party hereto arising under or out of this Agreement except: (a) as expressly provided
in this Article 8, (b) as set forth in Section 10.01, and (c) that nothing herein shall relieve
either party from liability for any breach of this Agreement.

     8.03 Waiver. Any extension or waiver of the requirements hereunder shall be valid only if
set forth in an instrument in writing signed by the party to be bound thereby. Any waiver of any
term or condition shall not be construed as a waiver of any subsequent breach or a subsequent
waiver of the same term or condition, or a waiver of any other term or condition, of

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this
Agreement. The failure of any party to assert any of its rights hereunder shall not constitute a
waiver of any of such rights.

ARTICLE 9.

TAXES

     9.01 Preparation of Tax Returns; Payment of Taxes. (a) The Seller will prepare
and file the Federal and foreign income Tax Returns of USP or Renown, as applicable, for the
taxable periods of USP or Renown ending (or
the portion of any taxable period ending) on the Effective Time. The Seller shall pay any and
all Taxes due with respect to the Tax Returns referred to in this Section 9.01(a). The Seller also
shall cause each of USP and Renown to file all other Tax Returns of USP and Renown required to be
filed (taking into account any extensions) prior to or on the Effective Time and shall cause USP
and Renown to pay any and all Taxes due with respect to such Tax Returns. All Tax Returns
described in this Section 9.01 shall be prepared in a manner consistent with prior practice. The
Seller shall, prior to the filing of any Tax Returns required to be filed after the Effective Time,
permit the Purchaser a fifteen day period to review and comment upon all such Tax Returns. The
Seller and the Purchaser shall attempt in good faith mutually to resolve any disagreements
regarding such Tax Returns prior to the due date for filing thereof.

          (b) Following the Closing, the Purchaser shall be responsible for preparing or causing to be
prepared all Tax Returns required to be filed by USP or Renown for all taxable periods ending after
the Effective Time. The Purchaser shall file or cause to be filed all such Tax Returns and shall
pay the Taxes shown due thereon.

          (c) For U.S. Federal income tax purposes, the taxable year of USP shall end at 11:59 p.m.,
Central Time, on the Closing Date. Neither the Seller nor the Purchaser shall take any position
inconsistent with the preceding sentence on any Tax Return.

          (d) In connection with the establishment by the parties of the Effective Time of the Closing
for Renown as 11:59 p.m. Eastern Time on the Closing Date, the Seller shall, in connection with its
final Tax return for Renown, make an election under subsection 256(9) of the Canadian Income Tax
Act for the sole purpose of establishing that the Effective Time of the Closing for Renown is 11:59
p.m. Eastern Time on the Closing Date.

          (e) Purchaser and Seller further agree, upon request, to use their commercially reasonable
efforts to obtain any certificate or other document from any governmental authority or any other
Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed
(including, but not limited to, with respect to the transactions contemplated hereby). Purchaser
and Seller further agree, upon request, to provide the other party with all information, to the
extent available, that either party may be required to report pursuant to Section 6043 of the Code
and all Treasury Department Regulations promulgated thereunder.

     9.02 Cooperation with Respect to Tax Returns. The Purchaser and the Seller shall furnish
or cause to be furnished to each other, and each at their own expense, as promptly as

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practicable,
such information (including access to books and records) and assistance, including making employees
available on a mutually convenient basis to provide additional information and explanations of any
material provided, relating to USP or Renown as is reasonably necessary for the filing of any Tax
Return, for the preparation for any audit, and for the prosecution or defense of any claim, suit or
proceeding relating to any adjustment or proposed adjustment with respect to Taxes. The Purchaser,
Renown or USP shall retain possession of, and shall provide the Seller reasonable access to
(including the right to make copies of), such supporting books and records and any other materials
that the Seller may specify with respect to Tax matters relating to any taxable period ending on
the Effective Time, until the relevant statute of limitations has expired. After such time, the
Purchaser may dispose
of such material, provided that, prior to such disposition, the Purchaser shall give the Seller a
reasonable opportunity to take possession of such materials.

     9.03 Tax Audits. (a) In the event that the Purchaser, Renown or USP receives
notice from any Tax Authority of any audit of any Tax Return or Taxes of USP or Renown for any
taxable period on or prior to the Effective Time, the Purchaser shall promptly provide written
notice to the Seller of the date on which such audit is to begin, but in no event later than thirty
(30) days following the receipt by the Purchaser, Renown or USP of any such notice. In the event
that the Seller receives notice from any Tax Authority of any audit of any Tax Return or Taxes of
Renown or USP, the Seller shall promptly provide written notice to the Purchaser of the date on
which such audit is to begin, but in no event later than thirty (30) days following the receipt by
the Seller of any such notice.

          (b) After the Closing Date, the Purchaser and the Seller shall have the right to participate
in any Tax audit or administrative or court proceeding relating to any tax period that may have the
effect of increasing the Purchaser’s or Seller’s Tax liability for any tax period and neither the
Purchaser nor Seller shall settle or compromise any such proceeding without the prior written
consent of the other party, which consent shall not be unreasonably withheld, conditioned or
delayed. In connection with any such proceeding, the Seller shall bear its own costs and expenses
and the Purchaser, Renown and USP shall bear their own costs and expenses.

          (c) If any Tax Authority notifies the Purchaser, Renown or USP that it is asserting any
claim, making any assessment or otherwise disputing or affecting any Tax for which the Seller is
responsible hereunder, the Purchaser shall, promptly upon receipt by the Purchaser, Renown or USP
of notice thereof, inform the Seller thereof. If any Tax Authority notifies Seller that it is
asserting any claim, making any assessment or otherwise disputing or affecting any Tax for which
the Purchaser, Renown or USP is responsible hereunder, Seller shall, promptly following receipt of
such notice, inform the Purchaser thereof.

     9.04 Refund Claims. The Purchaser, Renown and USP shall, upon written request of the
Seller and at Seller’s sole cost and expense, file a claim for a refund with the appropriate Tax
Authority for any taxable period ending on or before the Effective Time, provided such claim would
not be prejudicial to the Purchaser, Renown or USP, as determined by the Purchaser in its sole
discretion. The Seller will provide the Purchaser, Renown or USP with such information as may
reasonably be necessary to enable the Purchaser, Renown or USP to file a claim for a refund of such
Taxes. To the extent any determination of Tax liability of Renown or USP, whether as

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the result of
an audit or examination, a claim for refund, the filing of an amended return or otherwise, results
in any refund of Taxes paid which are attributable to any Tax period ending prior to or on the
Effective Time, any such refund shall belong to the Seller, but only to the extent that such Taxes
were paid by the Seller, Renown or USP prior to the Effective Time or were included as a Current
Liability in the calculation of Closing Net Working Capital, and provided further that such refund
was not included as a Current Asset in calculation Closing Net Working Capital. Any payments made
under this Section 9.04 shall be net of any Taxes payable with respect to such refund, credit or
interest thereon (taking into account any actual reduction in Tax liability realized upon the
payment pursuant to this Section 9.04).

     9.05 Disputes. Any dispute as to any matter covered by this Article 9 shall be resolved by
the Independent Accounting Firm and the fees and expenses of such accounting firm shall be borne
equally by the Seller, on the one hand, and the Purchaser, on the other hand.

ARTICLE 10.

GENERAL PROVISIONS

     10.01 Expenses. Each of the Seller and the Purchaser shall bear their own expenses
incurred in connection with the negotiation and execution of this Agreement, and each other
agreement, document and instrument contemplated by this Agreement and the consummation of the
transactions contemplated hereby and thereby; provided, however, that the Seller
shall be responsible for payment of all sales, use, transfer, intangible, recordation, documentary
stamp or similar Taxes or charges, of any nature whatsoever, applicable to, or resulting from, the
transactions contemplated by this Agreement. For the purposes of clarity, Seller shall not cause
USP or Renown to bear any of the Transaction Expenses.

     10.02 Notices. All notices, requests, claims, demands and other communications hereunder
shall be in writing and shall be given or made (and shall be deemed to have been duly delivered,
given, made and received): (a) if delivered in person, when delivered; (b) if delivered by
facsimile, upon written confirmation of transmission; (c) if by overnight courier, one (1) Business
Day following the day on which such notice is sent; (d) if by U.S. mail, five (5) days after being
mailed, certified or registered mail, with postage prepaid to the respective parties at the
following addresses or facsimile numbers (or at such other address or facsimile number for a party
as shall be specified in a notice given in accordance with this Section 10.02):

(a) If to the Seller to:

Gibraltar Steel Corporation of New York

3556 Lake Shore Road

Buffalo, New York 14219

Attn: Kenneth W. Smith

Facsimile Number: (716) 826-1589

with a copy to:

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Lippes Mathias Wexler Friedman LLP

665 Main Street

Suite 300

Buffalo, New York 14203

Attn: Paul J. Schulz, Esq.

Facsimile No: (716) 853-5199

b) If to the Purchaser:

MiTek Industries, Inc.

c/o MiTek, Inc.

14515 North Outer Forty

Suite 300

Chesterfield, MO 63017

Attn: Joseph C. Carr, Jr.

Facsimile No.: (314) 434-6826

with a copy to:

Armstrong Teasdale LLP

7700 Forsyth Blvd., Suite 1800

St. Louis, Missouri 63105

Attn: Amit B. Shah, Esq.

Facsimile No.: (314) 612-2349

     10.03 Headings. The descriptive headings contained in this Agreement are for convenience
of reference only and shall not affect in any way the meaning or interpretation of this Agreement.

     10.04 Severability. If any term or other provision of this Agreement is invalid, illegal
or incapable of being enforced by any Law or public policy, all other terms and provisions of this
Agreement shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse
to any party. Upon such determination that any term or other provision is invalid, illegal or
incapable of being enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as possible in an
acceptable manner in order that the transactions contemplated hereby are consummated as originally
contemplated to the greatest extent possible.

     10.05 Entire Agreement. This Agreement, together with all Exhibits to this Agreement, the
Schedules to this Agreement, any certificates delivered by the parties in connection with the
closing of the transactions contemplated hereby and the agreement between the parties contemplated
by Section 5.06(e), constitutes the entire agreement of the parties hereto with respect to the
subject matter hereof and supersedes all prior agreements and undertakings, both written and oral,
between the Seller or its
Affiliates and the Purchaser or its Affiliates with respect to the subject matter hereof, including
that certain letter between Gibraltar Industries, Inc.

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and MiTek, Inc. dated December 17, 2010.
The confidentiality agreements between Parent and MiTek, Inc. dated December 7, 2010 and December
21, 2010 shall expire at the Effective Time.

     10.06 Assignment. This Agreement may not be assigned by operation of law or otherwise
without the express written consent of the Seller or the Purchaser; provided,
however, that upon prior written notice to the Seller, the Purchaser may (a) assign this
Agreement and its rights and obligations hereunder (provided that the Purchaser shall not be
relieved of its obligations hereunder in connection with any such assignment), in whole or in part,
to one or more of its Affiliate; or (b) assign any portion of its rights hereunder as collateral to
any financing source. This Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors (by merger, consolidation, sale or otherwise) and permitted
assigns.

     10.07 No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely
to the benefit of the parties hereto and their permitted assigns and nothing herein, express or
implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit
or remedy of any nature whatsoever under or by reason of this Agreement.

     10.08 Amendment. This Agreement may not be amended or modified except (a) by an instrument
in writing signed the Seller and the Purchaser or (b) by a waiver in accordance with Section 8.03.

     10.09 Governing Law. This Agreement shall be interpreted in accordance with and governed
by the laws of the State of New York (without giving effect to any choice or conflict of laws
provisions thereof).

     10.10 Consent To Jurisdiction. In the event of any controversy or claim arising out of or
relating to this Agreement or the breach or alleged breach hereof, each of the parties hereto
irrevocably (a) submits to the jurisdiction of any (i) New York State Supreme Court sitting in the
County of Erie or the U.S. District Court for the Western District of New York and (ii) any
Missouri state court sitting in St. Louis County, Missouri or the U.S. District Court for the
Eastern District of Missouri, (b) waives any objection which it may have at any time to the laying
of venue of any action or proceeding brought in any such court, (c) waives any claim that such
action or proceeding has been brought in an inconvenient forum or that there is a more convenient
forum for such action or proceeding, and (d) agrees that service of process or of any other papers
upon such party by registered mail at the address to which notices are required to be sent to such
party under Section 10.02 shall be deemed good, proper and effective service upon such party.

     10.11 Waiver of Jury Trial. Each party hereto hereby waives, to the fullest extent
permitted by applicable Law, any right it may have to a trial by jury in respect of any litigation
directly or indirectly arising out of, under or in connection with this Agreement. Each party
hereto acknowledges that it and the other
parties hereto have been induced to enter into this Agreement, by, among other things, the mutual
waivers and certifications in this Section 10.11.

     10.12 Public Announcements. Prior to the Closing Date, none of the Seller, Renown, USP or
the Purchaser shall issue any press release or public announcement concerning this

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Agreement or the
transactions contemplated hereby without obtaining the prior written approval of the other party
hereto, which approval will not be unreasonably withheld or delayed, unless, in the sole judgment
of the Purchaser or the Seller, as applicable, disclosure is otherwise required by applicable Law
or by the applicable rules of any stock exchange, provided that, to the extent required by
applicable Law, the party intending to make such release shall use its best efforts consistent with
such applicable Law to consult with the other party with respect to the text thereof.

     10.13 Counterparts; Effectiveness. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument. This Agreement shall become effective when each party
hereto shall have received a counterpart hereof signed by the other parties hereto. For the
convenience of the parties, any number of counterparts hereof may be executed, each such executed
counterpart shall be deemed an original and all such counterparts together shall constitute one and
the same instrument. Facsimile transmission (including the e-mail delivery of documents in Adobe
PDF format) of any signed original counterpart and/or retransmission of any signed facsimile
transmission shall be deemed the same as the delivery of an original.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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[Signature Page to Stock Purchase Agreement]

          IN WITNESS WHEREOF, each of the parties hereto has executed, or has caused to be executed by
its duly authorized representative, this Agreement as of the date first written above.

	 	 	 	 	 
	 	

GIBRALTAR STEEL CORPORATION OF NEW YORK

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	

MITEK INDUSTRIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	MITEK CANADA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

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Execution Version

STOCK PURCHASE AGREEMENT

SCHEDULES

These schedules (each a “Schedule” and collectively, the “Schedules”) are made and
given pursuant to the Stock Purchase Agreement (the “Agreement”) dated as of March 10,
2011, by and among MiTek Industries, Inc., a Missouri corporation (“MiTek”), MiTek Canada,
Ltd., an Ontario corporation (“MiTek Canada”, and together with MiTek, collectively, the
“Purchaser”), and Gibraltar Steel Corporation of New York, a New York corporation (the
“Seller”) whereby Seller will sell all of the shares of United Steel Products Company,
Inc., a Minnesota corporation (“USP”) and Renown Specialties Company Ltd., an Ontario
Corporation (“Renown”). All capitalized terms shall have the meanings defined in the
Agreement, unless the context indicates otherwise. The section numbers below correspond to the
section numbers in the Agreement. The headings contained in these Schedules are for reference only
and shall not affect in any way the meaning or interpretation of these Schedules. The disclosure
of an item herein does not constitute an indication that such item is material, that it was
necessary to schedule such item or that it would be appropriate or necessary to schedule a similar
item.

Any attachments delivered in connection with these Schedules or referenced herein shall be deemed
to be incorporated by reference into these Schedules.

 

 

Execution Version

Schedule 3.01

Organization, Authority and Qualification of the Seller, Renown and USP

United Steel Products Company, Inc.

	 	 	 

	Incorporated under the Laws of:

	 	Minnesota
	 
	 	 
	Foreign Qualifications:

	 	California
	 

	 	Colorado
	 

	 	Florida
	 

	 	New Jersey
	 

	 	North Carolina
	 

	 	Texas
	 
	 	 
	Assumed Names:

	 	d/b/a “USP Structural Connectors” in Alameda County, CA
	 

	 	d/b/a “USP Structural Connectors” in San Bernardino County, CA
	 

	 	d/b/a “USP Structural Connectors” in CO
	 

	 	d/b/a “Hughes Manufacturing Inc.” in FL
	 

	 	d/b/a “USP Structural Connectors” in FL
	 

	 	d/b/a “USP Structural Connectors” in MN
	 

	 	d/b/a “USP Structural Connectors” in NJ
	 

	 	d/b/a “USP Structural Connectors” in Wilkes County, NC
	 

	 	d/b/a “USP Structural Connectors” in TX
	 

	 	d/b/a “USP Structural Connectors” in Harris County, TX
	 
	 	 
	Renown Specialties Company Ltd.
	 	 
	 
	 	 
	Incorporated under the Laws of:

	 	The Province of Ontario
	 
	 	 
	Foreign Qualifications:

	 	Saskatchewan
	 

	 	Prince Edward Island
	 

	 	Nova Scotia
	 

	 	Newfoundland and Labrador
	 

	 	New Brunswick
	 

	 	Manitoba
	 

	 	British Columbia
	 

	 	Alberta
	 

	 	Quebec
	 
	 	 
	Assumed Names:

	 	d/b/a USP Structural Connectors

 

 

Execution Version

Schedule 3.03(c)

Capitalization

	1.	 	Shares of non-voting common stock of United Steel Products Company, Inc. have
no voting rights in United Steel Products Company, Inc.
	 
	2.	 	Article 9 of the Articles of Amalgamation of Renown restricts the right to
transfer the shares of Renown by requiring either the approval of the Directors of
Renown or the approval of the majority of the holders of shares of Renown prior to
transfer.

 

 

Execution Version

Schedule 3.03(d)

Officers and Directors

United Steel Products Company, Inc.

	 	 	 

	Directors:

	 	Brian J. Lipke
	 
	 	 
	Officers:

	 	Brian J. Lipke, Chief Executive Officer
	 

	 	Stephen Duffy, President
	 

	 	Henning Kornbrekke, Executive Vice President
	 

	 	Kenneth W. Smith, Senior Vice President and Chief Financial Officer
	 

	 	Timothy Heasley, Secretary
	 
	 	 
	Renown Specialties Company, Ltd.
	 
	 	 
	Directors:

	 	Brian J. Lipke
	 

	 	Jamie L. Peritore
	 
	 	 
	Officers:

	 	Stephen L. Duffy, President
	 

	 	Henning Kornbrekke, Executive Vice President
	 

	 	Brian J. Lipke, Chief Executive Officer
	 

	 	Kenneth W. Smith, Senior Vice President and Chief Financial Officer
	 

	 	Timothy Heasley, Secretary

 

 

Execution Version

Schedule 3.05(a)

No Conflict

	1	 	Article 9 of the Articles of Amalgamation of Renown restricts the right to
transfer the shares of Renown by requiring the approval of the Directors of Renown or
the approval of the majority of holders of shares of Renown prior to transfer.

 

 

Execution Version

Schedule 3.05(b)

No Conflict

(i) None

(ii)

The following credit facility and the related agreements described below require the consent of the
senior lender which will be obtained prior to closing, and from each of which USP shall be released
as of the Effective Time:

	 	a.	 	Third Amended and Restated Credit Agreement among Gibraltar Industries, Inc.
and Gibraltar Steel Corporation of New York as Borrowers and the Lenders named
therein, Keybank National Association as lead arranger, sole book runner and
administrative agent, JPMorgan Chase Bank, N.A. as co-syndication agent, BMO Capital
Markets Financing, Inc. as co-syndication agent, HSBC Bank USA, National Association
as co-documentation agent and Manufacturers and Traders Trust Company as
co-documentation agent dated as of July 24, 2009.

	 	1.	 	First Amendment Agreement dated January 29, 2010 to the
Third Amended and Restated Credit Agreement among Gibraltar Industries, Inc. and
Gibraltar Steel Corporation of New York as Borrowers and the Lenders named
therein, Keybank National Association as lead arranger, sole book runner and
administrative agent, JPMorgan Chase Bank, N.A. as co-syndication agent, BMO
Capital Markets Financing, Inc. as co-syndication agent, HSBC Bank USA,
National Association as co-documentation agent and Manufacturers and Traders
Trust Company as co-documentation agent dated as of July 24, 2009.

	 	b.	 	Third Amended and Restated Subsidiary Guaranty by certain subsidiaries of
Gibraltar Industries, Inc. (including United Steel Products Company, Inc.) and Keybank
National Association as Administrative Agent dated July 24, 2009.
	 
	 	c.	 	Third Amended and Restated Pledge and Security Agreement among Gibraltar
Industries, Inc., Gibraltar Steel Corporation of New York and Guarantors (including
United Steel Products Company, Inc.) and Keybank National Association as
Administrative Agent dated as of July 24, 2009.
	 
	 	d.	 	Intellectual Property Security Agreement dated July 24, 2009 by United Steel
Products Company, Inc. in favor of Keybank National Association as administrative
agent.

 

 

Execution Version

	 	e.	 	Deposit Account Control Agreement dated as of July 24, 2009 among United
Steel Products Company, Inc. and Keybank National Association.

The following other agreements below require consent to transfer prior to closing:

	 	f.	 	Loan and Repayment Agreement dated as of December 22, 2008 between AMICO
Canada Inc., Renown Specialties Company, Ltd., and Gibraltar Steel Corporation of New
York, which shall be paid prior to or at closing.
	 
	 	g.	 	Multi-Tenant Industrial Lease dated March 3, 2004 between Mount Holly By-Pass
LLC and United Steel Products Company, Inc. and its Lease Amendment No. 1 between
Mount Holly By-Pass LLC and United Steel Products Company, Inc. dated February 19,
2009.
	 
	 	h.	 	Gibraltar Industries, Inc. and The Bank of New York Trust Company, N.A., as
Trustee, 8% Senior Subordinated Notes due 2015 Indenture dated as of December 8, 2005,
and related Registration Rights Agreement dated as of December 8, 2005 among Gibraltar
Industries, Inc., the Guarantors (as defined therein), and J.P. Morgan Securities
Inc., McDonald Investments Inc., and Harris Nesbitt Corp., as initial purchasers of
the 8% Senior Subordinated Notes, each of which shall be released from at or prior to
the Effective Time.

(iii) None

 

 

Execution Version

Schedule 3.06

Governmental Consents and Approvals

None

 

 

Execution Version

Schedule 3.08

No Undisclosed Liabilities

None

 

 

Execution Version

Schedule 3.09

Permits

	 	 	 	 	 	 	 
	Report No.	 	Agency	 	Issue Date	 	Renewal Date
	U.S. Reports	 	 	 	 
	ESR-1178

	 	ICC-ES
	 	Reissued July 1, 2006
	 	July 1, 2008
	ESR-1280

	 	ICC-ES
	 	Issued May 1, 2008
Revised October 2008
	 	May 1, 2011
	ESR-1465

	 	ICC-ES
	 	Issued October 1, 2009
	 	October 1, 2011
	ESR-1575

	 	ICC-ES
	 	Issued May 1, 2008
	 	May 1, 2011
	ESR-1702

	 	ICC-ES
	 	Reissued March 1, 2008
	 	March 1, 2009
	ESR-1781

	 	ICC-ES
	 	Issued January 1, 2009
	 	January 1, 2011
	ESR-1831

	 	ICC-ES
	 	Issued March 1, 2009
	 	March 1, 2011
	ESR-1881

	 	ICC-ES
	 	Issued January 1, 2009
	 	January 1, 2011
	ESR-1970

	 	ICC-ES
	 	Reissued June 1, 2010
	 	June 1, 2012
	ESR-2104

	 	ICC-ES
	 	Issued March 1, 2008
	 	March 1, 2011
	ESR-2761

	 	ICC-ES
	 	Issued October 1, 2009
	 	October 1, 2011
	ESR-2787

	 	ICC-ES
	 	Issued May 1, 2010
	 	May 1, 2011
	ER-0200

	 	IAPMO
	 	Issued February 1, 2011
	 	February 1, 2012
	 
	 	 	 	 	 	 
	Canadian Reports	 	 	 	 
	13116-R

	 	CCMC
	 	Issued June 5, 2003
	 	June 5, 2006
	13117-R

	 	CCMC
	 	Issued June 5, 2003
	 	June 5, 2006
	12885-R

	 	CCMC
	 	Issued September 18, 2003
	 	November 27, 2004
	03330-L

	 	CCMC
	 	Issued December 17, 1982
	 	May 12, 2008
	09199-L

	 	CCMC
	 	Issued December 17, 1982
	 	January 30, 2010

 

 

Execution Version

Schedule 3.10

Conduct in the Ordinary Course; Absence of Certain Changes, Events and Conditions

(a) None

(b) None

(c)

	 	1.	 	Neither USP nor Renown is making final decisions on general price increases
without first consulting with the Purchaser.
	 
	 	2.	 	USP and Renown have refrained from hiring certain executive and/or employee
positions in the ordinary course that has already been disclosed to Purchaser.

(d) None

(e) None

(g) None

(h) None

(i) None

(j) None

(k) None

(l) None

(m) None

(n) None

(o) None

(p) None

(q) None

(r) None

(s) None

 

 

Execution Version

Schedule 3.11

Litigation

	1.	 	Mercedes Homes, Inc., et al. by James S. Feltman, Creditor Trustee on behalf
of the Mercedes Homes Creditor Trust v. United Steel Products Company, Inc. relating
to a Complaint to avoid and Recover preferential transfers filed January 20, 2011. The
suit is filed in the United States Bankruptcy Court Southern District of Florida West
Palm Beach Division. Between October 31, 2008 and January 16, 2009, Space Coast Truss,
Inc. (one of the debtors) paid USP in the due course of business amounts totaling
$51,393.58 in various transactions and such amounts are in dispute here and the
Bankruptcy Trustee is seeking to avoid these payments as preferential transfers.
	 
	2.	 	Payton Staley vs. USP Structural Connectors, EEOC Charge No.: 440-2010-00027.
Complaint dated July 30, 2010 filed with the Minnesota Department of Human Rights
(“MDHR”) by Payton Staley against USP Structural Connectors for an alleged unfair
discriminatory practice which was initially filed with the EEOC. The Equal Employment
Opportunity Commission (“EEOC”) will process the claim under the work-sharing
agreement and will send notification to MDHR of its decision.
	 
	3.	 	Worker’s Compensation Claim (Claim Number WC413393279) by Alfredo Rocha Amaya
dated July 24, 2006 with total paid being $42,241 and an outstanding reserve of
$66,443.
	 
	4.	 	Worker’s Compensation Claim (Claim Number WC413393281) by Gerald E. Callies
dated December 29, 2006 with total paid being $19,348 and an outstanding reserve of
$33,243.
	 
	5.	 	Worker’s Compensation Claim (Claim Number WC608266554) by Guadalupe Tirado
dated July 12, 2007 with total paid being $57,424 and an outstanding reserve of
$31,488.
	 
	6.	 	Worker’s Compensation Claim (Claim Number WC555A00011) by Khonesava Cichowski
dated June 19, 2008 with total paid being $38,561 and an outstanding reserve of
$5,000.
	 
	7.	 	Worker’s Compensation Claim (Claim Number WC608657574) by Tim Hudson dated
June 23, 2010 in California with total paid being $3,602 and an outstanding reserve of
$26,840.

 

 

Execution Version

	8.	 	Worker’s Compensation Claim (Claim Number WC413A08460) by Kathleen Susan
Pagel dated January 1, 2011 with total paid being $4,279 and an outstanding reserve of
$11,351.
	 
	9.	 	Worker’s Compensation Claim (Claim Number WC608266543) by Gerald Alsobrook
dated June 26, 2002 with total paid being $412,962 and an outstanding reserve of
$177,016.
	 
	10.	 	Worker’s Compensation Claim (Claim Number WC41339308) by Mary Ceplecha dated
August 5, 2002 with total being paid $144,957 and an outstanding reserve of $8,801.
	 
	11.	 	Worker’s Compensation Claim (Claim Number WC608266546) by Carmen Cardenas
dated December 2, 2004 with total paid being $64,094 and an outstanding reserve of
$52,101.

 

 

Execution Version

Schedule 3.12(a)

Compliance with Laws

None

 

 

Execution Version

Schedule 3.14(a)

Intellectual Property

(a)

     (i)

          a. Trademarks

          USP Trademarks

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mark	 	Image	 	Status	 	Registration Date	 	Registration Number	 	Application Number	 	Country
	[Design]

	 	
	 	Registered
	 	5/29/2007
	 	 	3,246,005	 	 	77/006,973
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[Design]

	 	
	 	Registered
	 	6/12/2007
	 	 	3,250,334	 	 	77/006,976
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[Design]

	 	
	 	Registered
	 	5/29/2007
	 	 	3,246,006	 	 	77/006,981
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	COVERT OPERATIONS

	 	COVERT OPERATIONS
	 	Registered
	 	8/16/2005
	 	 	2,985,418	 	 	78/433,989
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	COVERT OPERATIONS

	 	COVERT OPERATIONS
	 	Registered
	 	7/12/2005
	 	 	2,967,159	 	 	78/433,995
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	COVERT OPERATIONS

	 	COVERT OPERATIONS
	 	Registered
	 	7/12/2005
	 	 	2,967,160	 	 	78/433,997
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	GOLD COAT

	 	GOLD COAT
	 	Registered
	 	9/16/2008
	 	 	3,503,161	 	 	78/943,105
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	KANT-SAG

	 	KANT-SAG
	 	Registered
	 	9/8/1964
	 	 	776,470	 	 	72/176,672
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SEAT CLEAT

	 	SEAT CLEAT
	 	Registered
	 	9/6/2005
	 	 	2,990,979	 	 	76/506,437
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TECO

	 	TECO
	 	Registered
	 	10/29/1974
	 	 	996,701	 	 	73/005,502
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	USP CONNECTION

	 	USP CONNECTION
	 	Registered
	 	2/24/2004
	 	 	2,816,784	 	 	76/506,438
	 	USA

 

 

Execution Version

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mark	 	Image	 	Status	 	Registration Date	 	Registration Number	 	Application Number	 	Country
	USP STRUCTURAL 

CONNECTORS

	 	USP STRUCTURAL CONNECTORS
	 	Registered
	 	3/1/2005
	 	 	2,929,329	 	 	76/483,041
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	USP STRUCTURAL 

CONNECTORS

	 	USP STRUCTURAL CONNECTORS
	 	Registered
	 	12/25/2007
	 	 	3,358,423	 	 	77/007,030
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WHAT THE 

PROFESSIONALS USE

	 	WHAT THE PROFESSIONALS USE
	 	Registered
	 	6/10/2008
	 	 	3,447,022	 	 	78/943,130
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	USP STRUCTURAL 

CONNECTORS

	 	USP STRUCTURAL CONNECTORS
	 	Registered
	 	7/20/2006
	 	TMA668295
	 	01/254,893
	 	Canada
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WHAT THE 

PROFESSIONALS USE

	 	WHAT THE PROFESSIONALS USE
	 	Registered
	 	7/13/2010
	 	TMA771793
	 	01/328,303
	 	Canada
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	GOLD COAT

	 	GOLD COAT
	 	Registered
	 	6/11/2010
	 	TMA769492
	 	01/328,297
	 	Canada

Renown Trademarks

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mark	 	Status	 	Registration Date	 	Registration Number	 	Application Number	 	Country
	TIMBERTIE

	 	Registered
	 	6/18/1996
	 	 	1980348	 	 	 	74417720	 	 	US
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TIMBERTIE

	 	Registered
	 	11/18/1994
	 	TMA435673
	 	 	0722557	 	 	CA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

          b. Copyrights

	 	 	 	 	 	 	 
	 	 	 	 	Registration	 	Registration
	Company	 	Copyright Title	 	Number	 	Date
	United Steel Products Company

	 	KANT-SAG IDEA BOOK:

CONSTRUCTION

HARDWARE
	 	TX0002306562
	 	May 25, 1988
	 
	 	 	 	 	 	 
	United Steel Products Company

	 	KANT-SAG TRUSS

CONNECTOR CAD
	 	TX0003851891
	 	July 19, 1994
	 
	 	 	 	 	 	 
	United Steel Products Company

	 	KANT-SAG EWP

CONNECTOR CAD FILES
	 	TX0004172826
	 	April 07, 2000

 

 

Execution Version

          c. Patents

U.S. PATENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Patent	 	Type	 	 	 	 	 	 
	Title	 	Application Number	 	Number	 	(U/D)	 	Filing Date	 	Date Issued	 	Country
	Construction hanger

	 	09/370,273
	 	 	6,463,711	 	 	U
	 	8/9/1999
	 	10/15/2002
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Post support

	 	11/175,542
	 	 	7,134,636	 	 	U
	 	7/6/2005
	 	11/14/2006
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Post support

	 	10/874,147
	 	 	7,152,841	 	 	U
	 	6/22/2004
	 	12/26/2006
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Truss anchor

	 	10/685,765
	 	 	7,254,919	 	 	U
	 	10/14/2003
	 	8/14/2007
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Slope and skew
hanger

	 	07/370,689
	 	 	5,004,369	 	 	U
	 	6/23/1989
	 	4/2/1991
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Hold-down connector

	 	07/580,120
	 	 	5,092,097	 	 	U
	 	9/10/1990
	 	3/3/1992
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Variable pitch 

connector

	 	07/968,437
	 	 	5,230,198	 	 	U
	 	10/29/1992
	 	7/27/1993
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Adjustable post base

	 	08/002,745
	 	 	5,456,441	 	 	U
	 	1/11/1993
	 	10/10/1995
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Construction hanger
and method of
making the same

	 	08/336,995
	 	 	5,564,248	 	 	U
	 	11/10/1994
	 	10/15/1996
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Truss bracket

	 	08/576,361
	 	 	5,653,079	 	 	U
	 	12/21/1995
	 	8/5/1997
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Stair hanger

	 	11/507,143
	 	 	7,631,463	 	 	U
	 	8/21/2006
	 	12/15/2009
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bracket with angled 

nailing feature

	 	07/634,753
	 	 	5,217,317	 	 	U
	 	12/27/1990
	 	06/08/1993
	 	USA
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CONSTRUCTION
HARDWARE AND METHOD 

OF REDUCING 

CORROSION THEREOF

	 	12/825,456
	 	 	7,879,458	 	 	U
	 	6/29/2010
	 	02/1/2011
	 	USA

U.S. PATENT APPLICATIONS

	 	 	 	 	 	 	 	 	 	 	 
	Publication Number	 	Publication Date	 	Application Number	 	Application Date	 	Inventor	 	Title
	2009/0056268

	 	2009-03-05
	 	12/133,012
	 	2008-06-04
	 	Greenlee et al.
	 	STAIR HANGER
	 
	 	 	 	 	 	 	 	 	 	 
	2007/0141266

	 	2007-06-21
	 	11/613,558
	 	2006-12-20
	 	Greenlee
	 	CONSTRUCTION

HARDWARE AND METHOD

OF REDUCING

CORROSION THEREOF

 

 

Execution Version

     (ii)

	 	a.	 	License to United Steel Products Co. with Epicor Software
Corporation for the use of the MANAGE 2000 Software Product dated January 4,
2011.
	 
	 	b.	 	Microsoft Open Value Order Confirmation Notice for Microsoft
Dynamics CRM CAL Licenses (51 total) purchased by USP Structural Connectors
through Olsen Thielen Technologies Inc. for time period of September 11, 2008
through September 30, 2011.
	 
	 	c.	 	Manage 2000 license 1984 Purchase — Agreement for Purchase
of Products and Services between United Steel Products Co. and ROI Systems,
Inc. dated July 25, 1984 along with amendments thereto.
	 
	 	d.	 	Gibraltar Industries, Inc. provides MPLS Qwest WAN Network;
Company wide Microsoft Exchange Email System; Aventail VPN; Centralized
Internet Access; Edge network security; Blackberry server; Spam filtering; and
Internal network security.

     (iii)

	 	a.	 	USP Structural Connectors
	 
	 	b.	 	Hughes Manufacturing Inc.

     (iv)

	 	a.	 	www.covertpoxy.com
	 
	 	b.	 	www.covertoperationsinc.com
	 
	 	c.	 	www.uspconnectors.com
	 
	 	d.	 	www.uspconnectors.mobi
	 
	 	e.	 	www.usppromotions.com

 

 

Execution Version

(v) Those Material Contracts provided prior to the date hereof pursuant to Sections 3.13(n)
and 3.13(o) that license the use of certain USP trademarks and logos for the purpose of
sale of USP products are herein incorporated by reference.

 

 

Execution Version

Schedule 3.14(b)

Intellectual Property

None

 

 

Execution Version

Schedule 3.15(a)

Owned Real Property

	1.	 	11910 62nd St, North, Largo, FL — Used as a manufacturing plant
and office space.

	2.	 	703 Rogers Drive, Montgomery, MN — Used as a manufacturing plant and office
space.

 

 

Execution Version

Schedule 3.15(b)

Owned Real Property

	1.	 	The Credit Facilities listed in Schedule 3.05(b)(ii)(a) through (e) and (h)
are incorporated hereby by reference and these Encumbrances will be released prior to
Closing; however, those Credit Facilities hold no mortgages on the Owned Real
Property.

 

 

Execution Version

Schedule 3.16

Leased Real Property

	1.	 	2150 Kitty Hawk Road, Livermore, CA — Leased as manufacturing plant. Triple
Net Industrial Lease dated January 1, 2004 between United Steel Products Company, Inc.
and Dawn S. Clifton, Trustee of the Douglas T. Silver Living Trust dated October 28,
1985
	 
	2.	 	9030 Bridgeport, Rancho Cucamonga, CA — Leased warehouse space. Standard
Industrial/Commercial Single-Tenant Lease — Gross entered into on January 27, 1999 by
and between The Childs Family Trust u/t/a 4/30/81 and The A.J. Gardner Family Trust
u/t/a 3/5/81 (and later assigned to Landco, LLC) as Lessor and United Steel Products
Company, Inc. for a term running from February 1, 1999 to February 2, 2002, together
with the Lease Amendment of October 10, 2001 for an extension running from March 1,
2002 to February 28, 2005 and the Lease Amendment of October 19, 2004 for an extension
running from March 1, 2005 to February 28, 2006, and finally modified to extend to
February 28, 2011 by Lease Agreement dated August 31, 2005 which expired by its terms
on February 28, 2011.

	 	a.	 	Standard Sublease for the 9030 Bridgeport, Rancho Cucamonga,
CA property dated August 6, 2008 between United Steel Products Company, Inc.
and Ciuti International, Inc. for approximately 20,642 of space, which expired
by its terms on February 28, 2011.

	3.	 	221 Racco Parkway, Thornhill, ON — Leased as a manufacturing plant and
office space. Lease dated as of October 15, 2003 between MacFazzen Properties Inc. as
Landlord and Renown Specialties Company Ltd. as Tenant
	 
	4.	 	14305 Southcross Drive, Burnsville MN — Leased as office space.
Office/Warehouse Lease commencing June 1, 2005 between Southcross Commerce Center III,
L.L.C. and United Steel Products Company, Inc..

	 	b.	 	Lease Addendums dated February 27, 2006 and April 1, 2010
between Southcross Commerce Center III, L.L.C. and United Steel Products
Company, Inc..

	5.	 	130 Mt. Holly Bypass Units 5&6, Lumberton NJ — Leased warehouse space.
Multi-Tenant Industrial Lease dated March 3, 2004 between Mount Holly By-Pass LLC and
United Steel Products Company, Inc. and its Lease Amendment No. 1 between Mount Holly
By-Pass LLC and United Steel Products Company, Inc. dated February 19, 2009.

 

 

Execution Version

	6.	 	3004-B Aldine Bender, RR1 Houston TX — Leased warehouse space. Warehouse
Lease Agreement (Sublease) dated January 1, 2010 between DOT Metal Products and USP
Structural Connectors.

 

 

Execution Version

Schedule 3.17

Top 10 Customers and Suppliers

(c)

	 	(i)	 	Do It Best Corporation and MiTek Industries have notified USP of termination
of their business relationship.

 

 

Execution Version

Schedule 3.18(a)(v)

Taxes

None

 

 

Execution Version

Schedule 3.18(a)(vi)

Taxes

	1.	 	The IRS conducted an Income Tax Audit of Gibraltar Industries, Inc. and its
Subsidiaries for taxable years 2005 through 2009. No assessments were issued and none
are currently outstanding.

 

 

Execution Version

Schedule 3.18(a)(xi)

Taxes

None

 

 

Execution Version

Schedule 3.18(a)(xviii)

Taxes

	1.	 	Consent extending period of limitation for assessment of tax under Article 9
(Except Section 180), 9-A, 13, 32, 33 & 33A of the Tax Law by United Steel Products
Company, Inc. dated December 14, 2010 and agreeing that the amount of tax due from the
USP for the taxable period 01/01/2005 through 12/31/2006, under the Tax Law, may be
determined or assessed at any time on or before 06/30/2011. No taxes have been
assessed as of the date hereof. Purchaser is indemnified for this item under Section
7.02(a)(iv) of the Agreement.

 

 

Execution Version

Schedule 3.18(b)

Taxes

(i)

	 	a.	 	Consent extending period of limitation for assessment of tax under Article
9 (Except Section 180), 9-A, 13, 32, 33 & 33A of the Tax Law by United Steel Products
Company, Inc. dated December 14, 2010 and agreeing that the amount of tax due from the
USP for the taxable period 01/01/2005 through 12/31/2006, under the Tax Law, may be
determined or assessed at any time on or before 06/30/2011. No taxes have been
assessed as of the date hereof. Purchaser is indemnified for this item under Section
7.02(a)(iv) of the Agreement.

(ii) None

(iii) None

 

 

Execution Version

Schedule 3.19(a)

Environmental Matters

	1.	 	Item 2 on Schedule 3.19(b) is incorporated herein by reference.

 

 

Execution Version

Schedule 3.19(b)

Environmental Matters

None, except for the following recognized environmental concerns (“RECs”):

	 	1.	 	The potential for contamination related to the former outdoor paint
operations and solvent storage at the Largo, Florida property (11910 62nd Street
North). No information is available from with respect to releases that may have
occurred from the former painting operations, thus, the potential for adverse impact
to the Site from historic operations of the former painting operations could not be
evaluated.
	 
	 	2.	 	There is potential for contamination related to the fact that the Livermore,
California (2150 Kittyhawk Road) property is listed in the LUST database as having a
release from the former gasoline underground storage tank (“UST”) located on the
property and because no documentation regarding tank decommissioning or LUST
investigation is available.
	 
	 	3.	 	The former 2,000-gallon Fuel Oil UST removed on June 3, 1990, the former
1,000-gallon Fuel Oil UST Removed August 17, 1989, and the former 1,000-gallon Fuel
Oil UST Removed August 21, 1989, all formerly located at the Montgomery, Minnesota
property (703 Rogers Drive). These USTs are considered RECs based on the potential age
of the UST before removal and the lack of soil and groundwater quality data.

 

 

Execution Version

Schedule 3.19(d)

Environmental Matters

	1.	 	Item 2 on Schedule 3.19(b) is incorporated herein by reference.

 

 

Execution Version

Schedule 3.19(e)

Environmental Matters

	1.	 	Item 2 on Schedule 3.19(b) is incorporated herein by reference.

 

 

Execution Version

Schedule 3.20(a)

Employee Benefit Plans

	1.	 	The following benefits are offered pursuant to the Gibraltar Fringe and Welfare
Benefits Program:

	 	a.	 	Medical (includes self-insured BlueCrosss/BlueShield plans with Medco Rx and
Behavioral Health Systems for Mental Health; and fully-insured Kaiser HMO in
California)
	 
	 	b.	 	Dental — (option of self-insured Cigna PPO or fully-insured Cigna Dental
Health)
	 
	 	c.	 	Company-paid life/ad&d insurance
	 
	 	d.	 	Supplemental Life Insurance for the employee, spouse of the employee and
children of the employee
	 
	 	e.	 	Long Term Disability
	 
	 	f.	 	Flexible Spending Plan
	 
	 	g.	 	Vision Plan — Voluntary plan offered through VSP
	 
	 	h.	 	Employee Assistance Programs
	 
	 	i.	 	Other Benefits including;

	 	i.	 	Paid Holidays
	 
	 	ii.	 	Jury Duty Leave

	 
	 	iii.	 	 Bereavement Leave

	 
	 	iv.	 	  Paid Vacations
	 
	 	v.	 	Job Related educational assistance

	2.	 	Gibraltar 401(k) Plan Amendment and Restatement effective as of January 1, 2010.
	 
	3.	 	Gibraltar Non-Qualified Deferred Compensation Plan (f/k/a the “401k Restoration
Plan”)
	 
	4.	 	Gibraltar Industries, Inc. 2005 Equity Incentive Plan.
	 
	5.	 	For Renown employees, the Employment Standards Act, 2000 (Ontario) provide statutory
termination provisions in Ontario and employees may also be entitled to common law
benefits on termination, the level of which is determined on a case by case basis.
	 
	6.	 	Supplemental Health & Welfare Benefits are provided to Renown employees through Great
West Life Insurance. Benefits include: certain ancillary medical services not covered by
Ontario Provincial Health Plan, prescription drugs, dental care, vision care, and life
insurance.

 

 

Execution Version

Schedule 3.20(d)

Employee Benefit Plans

None

 

 

Execution Version

Schedule 3.20(e)

Employee Benefit Plans

None

 

 

Execution Version

Schedule 3.20(f)

Employee Benefit Plans

None

 

 

Execution Version

Schedule 3.20(h)

Employee Benefit Plans

None

 

 

Execution Version

Schedule 3.21(b)

Labor Matters

	1.	 	Worker’s Compensation Claim (Claim Number WC413393279) by Alfredo Rocha Amaya
dated July 24, 2006 with total paid being $42,241 and an outstanding reserve of
$66,443.
	 
	2.	 	Worker’s Compensation Claim (Claim Number WC413393281) by Gerald E. Callies
dated December 29, 2006 with total paid being $19,348 and an outstanding reserve of
$33,243.
	 
	3.	 	Worker’s Compensation Claim (Claim Number WC608266554) by Guadalupe Tirado
dated July 12, 2007 with total paid being $57,424 and an outstanding reserve of
$31,488.
	 
	4.	 	Worker’s Compensation Claim (Claim Number WC555A00011) by Khonesava Cichowski
dated June 19, 2008 with total paid being $38,561 and an outstanding reserve of
$5,000.
	 
	5.	 	Worker’s Compensation Claim (Claim Number WC608657574) by Tim Hudson dated
June 23, 2010 in California with total paid being $3,602 and an outstanding reserve of
$26,840.
	 
	6.	 	Worker’s Compensation Claim (Claim Number WC413A08460) by Kathleen Susan
Pagel dated January 1, 2011 with total paid being $4,279 and an outstanding reserve of
$11,351.
	 
	7.	 	Worker’s Compensation Claim (Claim Number WC608266543) by Gerald Alsobrook
dated June 26, 2002 with total paid being $412,962 and an outstanding reserve of
$177,016.
	 
	8.	 	Worker’s Compensation Claim (Claim Number WC41339308) by Mary Ceplecha dated
August 5, 2002 with total being paid $144,957 and an outstanding reserve of $8,801.
	 
	9.	 	Worker’s Compensation Claim (Claim Number WC608266546) by Carmen Cardenas
dated December 2, 2004 with total paid being $64,094 and an outstanding reserve of
$52,101.

 

 

Execution Version

Schedule 3.21(c)

Labor Matters

USP and Renown had one termination within the last 90 days, but there have been no company
initiated terminations in the last 90 days:

	 	 	 	 	 	 	 
	Termination Date	 	Location	 	Employee	 	Reason
	12/17/2010

	 	Toronto
	 	Stanislav Kashlyunov
	 	Voluntary Retirement

The below employees were laid off in July of 2010. Pursuant to USP policy, when hourly employees
are laid off, they stay on layoff status for six months in case we want to call them back from
layoff. Their term date in the system will say July 2010 because we have to enter a term date for
them to receive COBRA paperwork. However, they were not actually terminated until January 2011 as a
result of USP not calling any of the below people back from layoff status.

	 	 	 	 	 	 	 
	Termination Date	 	Location	 	Employee	 	Reason
	7/12/2010

	 	NJ
	 	Anne DiBlasi
	 	Layoff
	7/12/2010

	 	Burnsville
	 	Vanessa Durham
	 	Layoff
	7/13/2010

	 	Livermore
	 	Scott Bowerman
	 	Layoff
	7/13/2010

	 	Livermore
	 	Rod Canavan
	 	Layoff
	7/13/2010

	 	Livermore
	 	Roberto Cisneros
	 	Layoff
	7/13/2010

	 	Livermore
	 	Eduardo Gonzalez
	 	Layoff
	7/13/2010

	 	Livermore
	 	Rosa Grajeda
	 	Layoff
	7/13/2010

	 	Livermore
	 	Samual Hernandes
	 	Layoff
	7/13/2010

	 	Livermore
	 	Edward Lewis
	 	Layoff
	7/13/2010

	 	Livermore
	 	Reed Overshiner
	 	Layoff
	7/13/2010

	 	Livermore
	 	Jose Reyes
	 	Layoff
	7/13/2010

	 	Livermore
	 	Hector Ruiz Nunez
	 	Layoff
	7/16/2010

	 	Livermore
	 	Marites Valdez
	 	Layoff

 

 

Execution Version

Schedule 3.21(e)

Labor Matters

Attached

 

 

Execution Version

Schedule 3.22

Insurance

Attached

 

 

Execution Version

Schedule 3.23

Tangible Personal Property

(a) None

(c) None

 

 

Execution Version

Schedule 3.25

No Brokers

None

 

 

Execution Version

Schedule 3.27

Related-Party Transactions

The following are agreements where an Affiliate of USP or Renown is directly or indirectly
interested in a Contract to which USP or Renown is a party:

	 	(i)	 	Loan and Repayment Agreement dated as of December 22, 2008 between AMICO
Canada Inc., Renown Specialties Company, Ltd., and Gibraltar Steel Corporation of New
York, which shall be paid prior to or at closing.
	 
	 	(ii)	 	3004-B Aldine Bender, RR1 Houston TX — Leased warehouse space. Warehouse
Lease Agreement (Sublease) dated January 1, 2010 between DOT Metal Products and USP
Structural Connectors.

 

 

Execution Version

Schedule 3.29

Title to and Sufficiency of Assets

(a) None

(b) None

 

 

Execution Version

Schedule 3.32

Indebtedness

	1.	 	The Credit Facilities listed in Schedule 3.05(b)(ii)(a) through (e) and (h)
are incorporated hereby by reference and these Encumbrances will be released prior to
closing.
	 
	2.	 	Loan and Repayment Agreement dated as of December 22, 2008 between AMICO
Canada Inc., Renown Specialties Company, Ltd., and Gibraltar Steel Corporation of New
York, which shall be paid prior to or at closing.

 

 

Execution Version

Schedule 5.02(a)

Conduct of Business Prior to the Closing

	(i)	 	

	 	1.	 	Neither USP nor Renown is making final decisions on general price increases
without first consulting with the Purchaser.
	 
	 	2.	 	USP and Renown have refrained from hiring certain executive and/or employee
positions in the ordinary course that has already been disclosed to Purchaser.

	(ii)	 	None

 

 

Execution Version

Schedule 5.02(b)

Conduct of Business Prior to the Closing

The items listed in Schedule 5.02(a)(i) are herein incorporated by reference.

 

 

Execution Version

Schedule 5.10 

Transition Services

Schedule A

(Gibraltar Services)

	 	 	 	 	 	 	 
	 	 	 	 	Duration
	Transition Service	 	Compensation	 	(days)
	Payroll
•    Payroll processing for all Employees

•     Issuing pay checks to all Employees

•    Assist with transition of payroll from ADP to
UltiPro/MiTek at the end of a quarter

	 	$4,583 per
month 
for all
services except 

for e-Time
clocks 
which is
$1,317 per month.
	 	120,

except with 
respect to e-Time and
   e-Time clocks 
software programs,

which shall be 
180 days

	 
	 	 	 	 	 	 
	•    Delivery of payroll data in format consistent with past
practice

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Reconciliation of all YTD balances of payroll amounts
(including filings and payments of all Taxes)

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Garnishments of employee as wages may be required by Law or
as reasonably requested by USP or Renown.

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Access to e-Time and e-Time Clocks software and related data

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Access to Talent Manager software and related data,
including all Performance Management Documents, Salary Planning
Documents and employee history

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Access to all USP and Renown records in ADP Health and
Welfare software, including history

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Access to Pay At Work Canadian Payroll System software 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Assistance in resolving any “year-end” out-of-balance issues

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Provide Buyer with the ADP Master Control Report for the
last payroll processed for hourly and salaried staff in March
2011

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Preparation and filing of all payroll tax returns with ADP (USP
and Renown)

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Benefits

	 	Actual Cost
	 	 	120	 
	•    Maintain all welfare or fringe benefits plans (including,
but not limited to medical, dental and vision plans, but
excluding USP’s 401(k) plan) providing to employees the same
coverage as was in effect on the Closing Date.

	 	(Note: Gibraltar is
self-insured on medical
and dental and the cost
will be the actual claim
cost plus administrative
charges)	 	 	 	 
	 
	 	 	 	 	 	 
	•    FSA balances will be reconciled and provided to Buyer
promptly following payment of payroll on March 18, 2011

	 	 	 	 	 	 

 

 

Execution Version

	 	 	 	 	 	 	 
	 	 	 	 	Duration
	Transition Service	 	Compensation	 	(days)
	•    Provide Buyer with access to and information including
amortization schedules and a reconciliation of all payroll
deductions and payments made for any 401(k) loans that are
transferring to the MiTek 401(k) Plan

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Management Information Systems

	 	 	 	 	120	 
	 
	 	 	 	 	 	 
	(as applicable to both USP and Renown)
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support existing MPLS Qwest WAN
network circuits and all associated hardware, including the routers,
switches, hubs, and all other currently used network devices or
appliances.

	 	$8,340 per month for all

services	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support all processes and connectivity to
the existing Microsoft Exchange email system, including spam
filtering. Upon migration assist with setup forwarding of each
mailbox to specified Buyer’s email address, setup auto response rule
informing sender of new address, and export/deliver existing mailbox
contents for each individual user into individual .PST files for all
exchange component’s data(mail, calendar, tasks, journal, etc.) to
allow history import into Buyer’s mail system.

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support all hardware and connectivity to the
Aventail VPN network access

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support internet access for all USP sites and
users.

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support existing edge and internal network
security for all sites and users, including all hardware and software
currently in place.

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support MS Active Directory Forrest and
all of its attributes.

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain and support all existing Blackberry Server and
existing mobile data synchronization, connectivity, and functionality.

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	•    Maintain the services provided by Qwest and to Renown
Bell Canada-Data Network and VPN 

	 	 	 	 	 	 

 

 

Execution Version

Schedule B

(Third-Party Services)

	 	 	 	 	 
	Transition Service	 	Compensation	 	Duration
	•    Freight bill processing and other services
provided by Integrated Payment Solutions
World Wide, LC.

	 	•    Actual charges-

directly billed 

	 	120, except
with respect to
American Express Travel Cards and US Bank P Cards which shall be 60 days
	 
	 	 	 	 
	•    Garment and other rental services from UniFirst
Corporation 

	 	•    Actual charges-

directly billed 
	 	 
	 
	 	 	 	 
	•    Access to and maintenance of scanning systems
services provided by MSC in Montgomery.
Minnesota (USP)

	 	•    Actual charges-

directly billed 
	 	 
	 
	 	 	 	 
	•    Maintain the Cannon-Copier Leases and
Maintenance Agreements for copier on USP
facilities and assist with transfer

	 	•    Actual charges-

directly billed
	 	 
	 
	 	 	 	 
	•    Assist with the transfer to USP/Renown for all
locations voice/data circuits, telephone nos.,
leased hardware and leased software

	 	•    No charge
	 	 
	 
	 	 	 	 
	•    Maintain the AT&T-Long distance telephone 

services for USP

	 	•    Actual charges
	 	 
	 
	 	 	 	 
	•    Maintain the AT&T-local telephone services for
Largo, Florida facility

	 	•    Actual charges
	 	 
	 
	 	 	 	 
	•    Maintain the Verizon-Conference calling 

contract for local Largo, Florida &

Livermore, California

	 	•    Actual charges-

directly billed
	 	 
	 
	 	 	 	 
	•    Maintain the Global Crossing-Long Distance 

agreements

	 	•    Actual charges-

directly billed
	 	 
	 
	 	 	 	 
	•    Maintain the Verizon-Maintenance agreements 

on BCMs (phone systems) 

	 	•    Actual charges-

directly billed
	 	 
	 
	 	 	 	 
	•    Maintain USP American Express-Travel Card 

accounts used by USP employees

	 	•    Actual charges-

directly billed
	 	 
	 
	 	 	 	 
	•    Maintain USP US Bank-P Cards

	 	•    Actual charges-

directly billed 
	 	 
	 
	 	 	 	 
	•    Access to Citrix Go To Meeting (USP and
Renown)

	 	•    $267 per month
	 	 
	 
	 	 	 	 
	•    Process EDI invoicing and payments to and from
Home Depot Canada (currently provided for
Renown through SEMCO, an affiliate of
Gibraltar)

	 	•    S1,250 per month
	 	 
	 
	 	 	 	 
	•    Continue to provide Iron Mountain-Back up all
computers (USP and Renown)

	 	•    Actual charges-

directly billed
	 	 
	 
	 	 	 	 
	•    Cabinet NG Scanning System Maintenance

	 	•    $325 per month
beginning on
May 1,2011
	 	 

 

 

Execution Version

Schedule C

(Other Services)

	 	 	 	 	 
	Transition Service	 	Compensation	 	Duration
	•    Share information obtained in the recent
eligibility audit that was conducted.

	 	No charge
	 	One-Time
	 
	 	 	 	 
	•    Assist Buyer in preparing a communication and
Q&A for employee questions about the transition of
benefits

	 	No charge
	 	One-Time
	 
	 	 	 	 
	•    Provide Buyer with access to and assistance in
preparing a GL File layout for the payroll processing

	 	No charge
	 	One-Time

 

 

Execution Version

Schedule 7.02(a)(xi)

Line-Item Indemnities — Litigation

	1.	 	Mercedes Homes, Inc., et al. by James S. Feltman, Creditor Trustee on behalf
of the Mercedes Homes Creditor Trust v. United Steel Products Company, Inc. relating
to a Complaint to avoid and Recover preferential transfers filed January 20, 2011. The
suit is filed in the United States Bankruptcy Court Southern District of Florida West
Palm Beach Division. Between October 31, 2008 and January 16, 2009, Space Coast Truss,
Inc. (one of the debtors) paid USP in the due course of business amounts totaling
$51,393.58 in various transactions and such amounts are in dispute here and the
Bankruptcy Trustee is seeking to avoid these payments as preferential transfers.
	 
	2.	 	Payton Staley vs. USP Structural Connectors, EEOC Charge No.: 440-2010-00027.
Complaint dated July 30, 2010 filed with the Minnesota Department of Human Rights
(“MDHR”) by Payton Staley against USP Structural Connectors for an alleged unfair
discriminatory practice which was initially filed with the EEOC. The Equal Employment
Opportunity Commission (“EEOC”) will process the claim under the work-sharing
agreement and will send notification to MDHR of its decision.

 

 

Execution Version

Schedule 7.02(a)(xii)

Line-Item Indemnities — Workers Compensation

	1.	 	Worker’s Compensation Claim (Claim Number WC413393279) by Alfredo Rocha Amaya
dated July 24, 2006 with total paid being $42,241.

	2.	 	Worker’s Compensation Claim (Claim Number WC413393281) by Gerald E. Callies
dated December 29, 2006 with total paid being $19,348.

	3.	 	Worker’s Compensation Claim (Claim Number WC608266554) by Guadalupe Tirado
dated July 12, 2007 with total paid being $57,424.

	4.	 	Worker’s Compensation Claim (Claim Number WC555A00011) by Khonesava Cichowski
dated June 19, 2008 with total paid being $38,561.

	5.	 	Worker’s Compensation Claim (Claim Number WC608657574) by Tim Hudson dated
June 23, 2010 in California with total paid being $3,602.

	6.	 	Worker’s Compensation Claim (Claim Number WC413A08460) by Kathleen Susan
Pagel dated January 1, 2011 with total paid being $4,279.

	7.	 	Worker’s Compensation Claim (Claim Number WC608266543) by Gerald Alsobrook
dated June 26, 2002 with total paid being $412,962.

	8.	 	Worker’s Compensation Claim (Claim Number WC41339308) by Mary Ceplecha dated
August 5, 2002 with total being paid $144,957.

	9.	 	Worker’s Compensation Claim (Claim Number WC608266546) by Carmen Cardenas
dated December 2, 2004 with total paid being $64,094.

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