Document:

exhibit10-14.htm

    
      

      

    

     

    
 

    Exhibit 10.14

    
 

    

    

     

    December
8, 2009

     

    John C.
Wayne

    1235 West
61st
Street

    Kansas
City, MO  64113

    

     

    Re:  Renewal
of Amended and Restated Retention Agreement

     

    Dear
John:

     

    This
letter is to serve as your notification that Ply Gem Industries, Inc. (“Ply
Gem”) has elected to execute its Renewal Term right under your current Amended
and Restated Retention Agreement dated December 31, 2008 for a period of one
year.  As such, all applicable rights and terms as outlined in your
Amended and Restated Retention Agreement will remain in effect through December
31, 2010.

     

    Please
sign this letter in the space provided below as your acknowledgement and
agreement of this Renewal Term agreement and return this original to me, and
retain a copy for your own records.

     

    

     

    
      	 
      	
              Sincerely,

            
	 
      	 
      
	 
      	
              PLY
      GEM INDUSTRIES, INC.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:          _/s/ Gary E. Robinette  
      _______________

            
	 
      	
              Name:  Gary
      E. Robinette

            
	 
      	
              Title:  President
      and Chief Executive Officer

            
	 
      	 
      
	 
      	 
      
	
              Acknowledged
      and Agreed:

            	 
      
	 
      	 
      
	 
      	 
      
	
              _/s/
      John C. Wayne  ____________

            	 
      
	
              John
      C. Wayneexhibit10-16.htm

    
      

      

    

     

     

    

      Exhibit
10.16

      

      

       

      December
8, 2009

       

      Lynn
Morstad

      5973
Sugar Loaf Mtn. Road

      Roanoke,
VA 24018

      

       

      Re:  Renewal
of Amended and Restated Retention Agreement

       

      Dear
Lynn:

       

      This
letter is to serve as your notification that Ply Gem Industries, Inc. (“Ply
Gem”) has elected to execute its Renewal Term right under your current Amended
and Restated Retention Agreement dated December 31, 2008 for a period of one
year.  As such, all applicable rights and terms as outlined in your
Amended and Restated Retention Agreement will remain in effect through December
31, 2010.

       

      Please
sign this letter in the space provided below as your acknowledgement and
agreement of this Renewal Term agreement and return this original to me, and
retain a copy for your own records.

       

      

      
        	 
      	
                Sincerely,

              
	 
      	 
      
	 
      	
                PLY
      GEM INDUSTRIES, INC.

              
	 
      	 
      
	 
      	 
      
	 
      	
                By:        __/s/ Gary E. Robinette
      ________________

              
	 
      	
                Name:  Gary
      E. Robinette

              
	 
      	
                Title:  President
      and Chief Executive Officer

              
	 
      	 
      
	 
      	 
      
	
                Acknowledged
      and Agreed:

              	 
      
	 
      	 
      
	 
      	 
      
	
                _/s/
      Lynn Morstad _______________

              	 
      
	
                Lynn
      Morstadexhibit10-18.htm

    
      

      

    

     

     

    Exhibit 10.18

    

    

     

    December
8, 2009

     

    Keith
Pigues

    1409
Silvering Way

    Raleigh,
NC  27613

    

     

    Re:  Renewal
of Amended and Restated Retention Agreement

     

    Dear
Keith:

     

    This
letter is to serve as your notification that Ply Gem Industries, Inc. (“Ply
Gem”) has elected to execute its Renewal Term right under your current Amended
and Restated Retention Agreement dated December 31, 2008 for a period of one
year.  As such, all applicable rights and terms as outlined in your
Amended and Restated Retention Agreement will remain in effect through December
31, 2010.

     

    Please
sign this letter in the space provided below as your acknowledgement and
agreement of this Renewal Term agreement and return this original to me, and
retain a copy for your own records.

     

    

     

    
      	 
      	
              Sincerely,

            
	 
      	 
      
	 
      	
              PLY
      GEM INDUSTRIES, INC.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:      __/s/ Gary E.
      Robinette_________________

            
	 
      	
              Name:  Gary
      E. Robinette

            
	 
      	
              Title:  President
      and Chief Executive Officer

            
	 
      	 
      
	 
      	 
      
	
              Acknowledged
      and Agreed:

            	 
      
	 
      	 
      
	 
      	 
      
	
              _/s/
      Keith Pigues _________________

            	 
      
	
              Keith
      Piguesexhibit10-23.htm

    
      

      

    

    

     

    Exhibit 10.23

    

     

    December
8, 2009

     

    Shawn K.
Poe

    122
Westongate Way

    Cary, NC
27513

     

    

     

    Re:  Renewal
of Amended and Restated Retention Agreement

     

    Dear
Shawn:

     

    This
letter is to serve as your notification that Ply Gem Industries, Inc. (“Ply
Gem”) has elected to execute its Renewal Term right under your current Amended
and Restated Retention Agreement dated November 7, 2008 for a period of one
year.  As such, all applicable rights and terms as outlined in your
Amended and Restated Retention Agreement will remain in effect through February
12, 2011.

     

    Please
sign this letter in the space provided below as your acknowledgement and
agreement of this Renewal Term agreement and return this original to me, and
retain a copy for your own records.

     

    

     

    
      	 
      	
              Sincerely,

            
	 
      	 
      
	 
      	
              PLY
      GEM INDUSTRIES, INC.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:      
      _/s/ Gary E. Robinette 
      _________________

            
	 
      	
              Name:  Gary
      E. Robinette

            
	 
      	
              Title:  President
      and Chief Executive Officer

            
	 
      	 
      
	 
      	 
      
	
              Acknowledged
      and Agreed:

            	 
      
	 
      	 
      
	 
      	 
      
	
              _/s/
      Shawn K. Poe _______________

            	 
      
	
              Shawn
      K. Poeexhibit10-24.htm

    
      

      

    

     

    Exhibit
10.24

     

     

    EXECUTION DOCUMENT

    
 

    
      	
               
      

            	
              $150,000,000

            

    

    

     

    PLY
GEM INDUSTRIES, INC.

     

    131⁄8%
Senior Subordinated Notes due 2014

     

    

    PURCHASE
AGREEMENT

     

    January
6, 2010

     

    
      	
              UBS
      Securities LLC (“UBS”)

            

    

    
      	
                       
      299 Park Avenue

            

    

    
      	
                             
      New York, New York 10171

            

    

    

    
      	
              As
      Representative of the Several Initial
Purchasers

            

    

    

    Dear
Ladies and Gentlemen:

     

    1. Introductory.  Ply
Gem Industries, Inc., a Delaware corporation (the “Issuer”) proposes, subject to
the terms and conditions stated herein, to issue and sell to the several
purchasers named in Schedule A
hereto (the “Initial
Purchasers”) U.S. $150,000,000 principal amount of its 131⁄8% Senior
Subordinated Notes due 2014 (the “Offered Securities”) to be
issued under an indenture (the “Indenture”) to be dated as of
the Closing Date (as defined herein), among the Issuer, the Subsidiary
Guarantors (as hereinafter defined), Ply Gem Holdings, Inc. (“Holdings”) and US Bank
National Association, as trustee (the “Trustee”).

     

    The Offered Securities will be offered
and sold to the Initial Purchasers pursuant to an exemption from the
registration requirements of the United States Securities Act of 1933, as
amended (the “Securities
Act”).

     

    The Offered Securities will be
unconditionally guaranteed (the “Guarantees”) on a senior
subordinated unsecured basis by Holdings and the Issuer’s subsidiaries listed as
such on Schedule B
hereto (the “Subsidiary
Guarantors” and, together with Holdings, the “Guarantors”).

     

    As of the date hereof, $360.0 million
in aggregate principal amount of the Issuer’s 9% senior subordinated notes due
2012 (the “9% Notes”)
are outstanding.  Caxton-Iseman (Ply Gem) III, L.P. and Caxton-Iseman
(Ply Gem) IV, L.P. (together, the “CI Noteholders”), which are
affiliates of CI Capital Partners LLC, formerly known as Caxton-Iseman Capital
LLC, own approximately $281.3 million in aggregate principal amount of the 9%
Notes.  Through a series of transactions, prior to the consummation of
the offering, the CI Noteholders will cause the transfer of approximately $218.8
million in aggregate principal amount of the 9% Notes held by them to affiliates
of, and affiliates of companies managed by, CI Capital Partners LLC, who are the
Issuer’s indirect stockholders and ultimately to Ply Gem Prime Holdings, Inc.
(“Ply Gem Prime”),
the

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     Issuer’s
indirect parent company.  Pursuant to an escrow agreement (the “Escrow Agreement”) to be
entered into on the Closing Date among Ply Gem Prime, Holdings, the Issuer and
U.S. Bank National Association, as escrow agent, Ply Gem Prime will cause the 9%
Notes that it will hold to be transferred to an escrow account pending the
completion of the Note Transfer (as defined below) and the Note Contribution (as
defined below).  Under the Escrow Agreement, prior to
February 16, 2010, (i) Ply Gem Prime will agree to transfer
approximately $218.8 million in aggregate principal amount of the 9% Notes to
Holdings (the “Note
Transfer”), (ii) Holdings will agree to then transfer such 9% Notes to
the Issuer for no consideration as a contribution to the common equity of the
Issuer and to cause such 9% Notes to be canceled by the trustee of the 9% Notes
(the “Note
Contribution”) and (iii) following the Note Contribution, the escrow
agent will deliver such 9% Notes to the trustee of the 9% Notes for
cancellation.  The Issuer shall redeem on or shortly after February
16, 2010 (the “Redemption
Date”), approximately $141.2 million in aggregate principal amount of the
remaining outstanding 9% Notes (including approximately $62.5 million of the 9%
Notes held by the CI Noteholders) at a redemption price equal to 100% of the
principal amount thereof plus accrued and unpaid interest, if any, to the
Redemption Date (the “Redemption”).  On
the Closing Date, the Issuer will cause the trustee of the 9% Notes to issue a
redemption notice for the 9% Notes and will irrevocably deposit with the trustee
for the 9% Notes an amount sufficient to redeem the remaining 9% Notes on the
Redemption Date.

     

    The
Initial Purchasers have advised the Issuer that the Initial Purchasers intend,
as soon as they deem practicable after this Purchase Agreement (this “Agreement”) has been executed
and delivered, to resell (the “Exempt Resales”) the
Securities in private sales exempt from registration under the Act on the terms
set forth in the Preliminary Offering Memorandum (as defined below) and Final
Offering Memorandum (as defined below), as amended or supplemented, solely to
(i) persons whom the Initial Purchasers reasonably believe to be “qualified
institutional buyers” (“QIBs”), as defined in
Rule 144A under the Act (“Rule 144A”), in
accordance with Rule 144A and (ii) other eligible purchasers pursuant to
offers and sales to non-U.S. persons that occur outside the United States within
the meaning of Regulation S under the Act (“Regulation S”) in
accordance with Regulation S (the persons specified in clauses (i) and
(ii), the “Eligible
Purchasers”).

     

    Holders
(including subsequent transferees) of the Offered Securities will have the
registration rights set forth in the registration rights agreement (the “Registration Rights
Agreement”), among the Issuer, the Guarantors and the Initial Purchasers,
to be dated the Closing Date (as defined herein), substantially in the form
attached hereto as Exhibit E, for so
long as such Offered Securities constitute “Transfer Restricted
Securities” (as defined in the Registration Rights
Agreement).  Pursuant to the Registration Rights Agreement, the Issuer
and the Guarantors will agree to (i) file with the Securities and Exchange
Commission (the “Commission”) under the
circumstances set forth therein, (a) a registration statement under the
Securities Act (the “Exchange
Offer Registration Statement”) relating to the Offered Securities in a
like aggregate principal amount as the Issuer issued under the Indenture,
identical in all material respects to the Offered Securities and registered
under the Securities Act (the “Exchange Securities”), to be
offered in exchange for the Offered Securities (such offer to exchange being
referred to

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    as the
“Exchange Offer”) and
(b) if necessary under the Registration Rights Agreement, a shelf
registration statement pursuant to Rule 415 under the Securities Act (the “Shelf Registration Statement”
and, together with the Exchange Offer Registration Statement, the “Registration Statements”)
relating to the resale by certain holders of the Offered Securities,
(ii) to use its commercially reasonable efforts to cause such Registration
Statements to be declared effective and cause such Registration Statements to
remain effective and usable for the periods specified in the Registration Rights
Agreement and (iii) to use its commercially reasonable efforts to
consummate the Exchange Offer.  The Offered Securities and the
Exchange Securities are referred to collectively as the “Securities.”

     

    This
Agreement, the Guarantees, the Offered Securities, the Indenture and the
Registration Rights Agreement are hereinafter sometimes referred to collectively
as the “Operative
Documents.”  The issuance and sale of the Offered Securities,
the issuance of the Guarantees, the use of proceeds therefrom described in the
General Disclosure Package (as defined herein) and Final Offering Memorandum,
the Note Transfer, the Note Contribution and the Redemption are collectively
referred to as the “Transactions.”

     

    The
Issuer and each of the Guarantors hereby agree with the several Initial
Purchasers as follows:

     

    2. Representations and
Warranties of the Issuer, Holdings and the Subsidiary
Guarantors.  The Issuer and each of the Guarantors jointly and
severally represent and warrant to, and agree with, the several Initial
Purchasers that:

     

    (a) A
preliminary offering memorandum (including the documents incorporated by
reference therein, the “Preliminary Offering
Memorandum”) relating to the Offered Securities to be offered by the
Initial Purchasers and a final offering memorandum (including the documents
incorporated by reference therein, the “Final Offering Memorandum”)
disclosing the offering price and other final terms of the Offered Securities
and dated as of the date of this Agreement (even if finalized and issued
subsequent to the date of this Agreement) has been or will be prepared by the
Issuer.  “General
Disclosure Package” means the Preliminary Offering Memorandum, together
with any Issuer Free Writing Communication (as hereinafter defined) existing at
the Applicable Time (as hereinafter defined) (other than the Supplemental
Marketing Material) and the other information, if any, distributed at or prior
to the Applicable Time to prospective investors of the Offered Securities, as
evidenced by its being specified in Schedule C to
this Agreement (including the term sheet listing the final terms of the Offered
Securities and their offering, included in Schedule C to
this Agreement, which is referred to as the “Terms
Communication”).  “Applicable Time” means
4:00 p.m. (New York City time) on the date of this Agreement.  As
of the date of this Agreement and as of the Closing Date, the Final Offering
Memorandum does not and will not include any untrue statement of a material fact
or omit to state any material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not
misleading.  At the Applicable Time and as of the Closing Date neither
(i) the General Disclosure Package, nor (ii) any individual Supplemental
Marketing Material (as hereinafter defined), when considered together with the
General Disclosure

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Package,
included or will include any untrue statement of a material fact or omitted or
will omit to state any material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading.  The preceding two sentences do not apply to statements in
or omissions from the Preliminary or Final Offering Memorandum, the General
Disclosure Package or any Supplemental Marketing Material based upon written
information furnished to the Issuer by any Initial Purchaser through UBS
specifically for use therein, it being understood and agreed that the only such
information is that described as such in Section 8(b) hereof.

     

    Subject
to the foregoing paragraph, any references herein to the terms “amend,” “amendment” or “supplement” with respect to
the Preliminary or Final Offering Memorandum shall be deemed to refer to and
include any document filed under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or
otherwise filed with the Commission, subsequent to the date hereof that is
incorporated by reference therein; and all references in this Agreement to
financial statements and schedules and other information which are “contained,” “included,” “stated,” “set forth” or “described” in the Preliminary
or Final Offering Memorandum (or other references of like import) shall be
deemed to mean and include all such financial statements and schedules and other
information which are included in any document filed under the Act or the
Exchange Act, as applicable, and incorporated by reference in the Preliminary or
Final Offering Memorandum.

     

    “Free Writing Communication”
means a written communication (as such term is defined in Rule 405 under
the Securities Act) that constitutes an offer to sell or a solicitation of an
offer to buy the Offered Securities and is made by means other than the
Preliminary Offering Memorandum or the Final Offering
Memorandum.  “Issuer
Free Writing Communication” means a Free Writing Communication prepared
by or on behalf of the Issuer, used or referred to by the Issuer or containing a
description of the final terms of the Offered Securities or of their offering,
in the form retained in the Issuer’s records.  “Supplemental Marketing
Material” means any Issuer Free Writing Communication other than any
Issuer Free Writing Communication specified in Schedule C to
this Agreement, and which is specified in Schedule D to
this Agreement.

     

    (b) As of
October 3, 2009, the Issuer had the capitalization as set forth under the
heading “Capitalization” under the column “Actual” in the Preliminary Offering
Memorandum.  On the Closing Date, all of the issued and outstanding
equity interests of the Issuer will have been duly authorized and validly
issued, will be fully paid and nonassessable and not have been issued in
violation of any preemptive or similar right and will be owned by Holdings free
and clear of all liens (other than transfer restrictions imposed by the
Securities Act, the securities or Blue Sky laws of certain jurisdictions and
security interests granted pursuant to the documents governing the ABL Facility
(as defined in the Preliminary Offering Memorandum) and the Senior Secured Notes
(as defined in the Preliminary Offering Memorandum)).  Attached as
Schedule E
is a true and complete list of each entity in which the Issuer has a direct or
indirect majority equity or voting interest (each a “Subsidiary” and, together, the
“Subsidiaries”), their
jurisdictions of formation or organization, names of their equityholder(s) and
percentage held by each equityholder.  All of the issued and
outstanding equity interests of each

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Subsidiary
have been duly authorized and validly issued, are fully paid and nonassessable,
were not issued in violation of any preemptive or similar right and, except as
set forth in the General Disclosure Package, are owned, directly or indirectly
through Subsidiaries, by the Issuer free and clear of all liens (other than
transfer restrictions imposed by the Securities Act, the securities or Blue Sky
laws of certain jurisdictions and security interests granted pursuant to the
documents governing the ABL Facility (as defined in the Preliminary Offering
Memorandum) and the Senior Secured Notes (as defined in the Preliminary Offering
Memorandum)).  Except as set forth in the General Disclosure Package,
there are no outstanding options, warrants or other rights to acquire or
purchase, or instruments convertible into or exchangeable for, any equity
interests of the Issuer or any of the Subsidiaries.  No holder of any
securities of the Issuer or any of the Subsidiaries is entitled to have such
securities (other than the Securities) registered under any registration
statement contemplated by the Registration Rights Agreement.

     

    (c) The
Issuer and each Guarantor (i) is a corporation, limited liability company,
partnership or other entity duly incorporated or organized and validly existing
and in good standing under the laws of the jurisdiction of its incorporation or
organization; (ii) has all requisite corporate or other power and authority
necessary to own its property and carry on its business as now being conducted,
and (iii) is qualified to do business and is in good standing in all
jurisdictions in which the nature of the business conducted by it or its
ownership of property makes such qualification necessary, except where the
failure to be so qualified and be in good standing could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse
Effect.  A “Material
Adverse Effect” means (i) a material adverse effect on the business,
condition (financial or otherwise), results of operations, assets or liabilities
of the Issuer and the Subsidiaries, taken as a whole or (ii) a material
adverse effect on the ability to consummate the Transactions on a timely
basis.

     

    (d) The
Issuer and each of the Guarantors have all requisite corporate or other power
and authority to execute, deliver and perform all of their obligations under the
Operative Documents to which each is a party and to consummate the transactions
contemplated thereby, and, without limitation, the Issuer has all requisite
corporate power and authority to issue, sell and deliver and perform its
obligations under the Notes.

     

    (e) The
Indenture has been duly and validly authorized by the Issuer and the Guarantors
and, when duly executed and delivered by the Issuer and the Guarantors (assuming
the due authorization, execution and delivery thereof by the Trustee), will
constitute a legally binding and valid obligation of each such Issuer,
enforceable against it in accordance with its terms, except as the
enforcement thereof may be limited by bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general principles of equity and the
discretion of the court before which any proceeding therefor may be brought (the
“Bankruptcy
Exceptions”).  The Indenture, when executed and delivered, will
conform in all material respects to the description thereof in the General
Disclosure Package and the Final Offering Memorandum.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

     

    (f) The
Offered Securities have been duly and validly authorized for issuance and sale
to the Initial Purchasers by the Issuer.  When the Offered Securities
are issued by the Issuer, authenticated by the Trustee and delivered by the
Issuer against payment therefor by the Initial Purchasers in accordance with the
terms of this Agreement and the Indenture, the Offered Securities will be
legally binding and valid obligations of the Issuer, entitled to the benefits of
the Indenture and enforceable against the Issuer in accordance with their terms,
except as the enforcement thereof may be limited by the Bankruptcy
Exceptions.  The Offered Securities, when issued, authenticated and
delivered, will conform in all material respects to the description thereof in
the General Disclosure Package and the Final Offering Memorandum.  The
Exchange Securities have been, or on or before the Closing Date will be, duly
and validly authorized for issuance by the Issuer, and when issued by the
Issuer, authenticated by the Trustee and delivered by the Issuer in accordance
with the terms of the Exchange Offer and the Indenture, the Exchange Securities
will be legally binding and valid obligations of the Issuer, entitled to the
benefits of the Indenture and enforceable against the Issuer in accordance with
their terms, except as the enforcement thereof may be limited by the Bankruptcy
Exceptions.

     

    (g) The
Guarantees have been duly and validly authorized by each of the Guarantors and,
when the Offered Securities are issued by the Issuer, authenticated by the
Trustee and delivered by the Issuer against payment by the Initial Purchasers in
accordance with the terms of this Agreement and the Indenture, will be legally
binding and valid obligations of the Guarantors, enforceable against each of
them in accordance with their terms, except that enforceability thereof may be
limited by the Bankruptcy Exceptions, and the Guarantees will conform in all
material respects to the description thereof in the General Disclosure Package
and the Final Offering Memorandum.  The guarantees of the Exchange
Securities have been, or on or before the Closing Date will be, duly and validly
authorized by each of the Guarantors and, when the Exchange Securities are
issued by the Issuer, authenticated by the Trustee and delivered in accordance
with the terms of the Exchange Offer and the Indenture, will be legally binding
and valid obligations of the Guarantors, enforceable against each of them in
accordance with their terms, except that enforceability thereof may be limited
by the Bankruptcy Exceptions.

     

    (h) Except as
disclosed in the General Disclosure Package, there are no contracts, agreements
or understandings between the Issuer or Holdings and any person granting such
person the right to require Holdings or the Issuer to file a registration
statement under the Securities Act with respect to any securities of the Issuer
or to require the Issuer to include such securities with the Securities
registered pursuant to any Registration Statement.

     

    (i) On the
Closing Date, the Indenture will conform in all material respects to the
requirements of the United States Trust Indenture Act of 1939, as amended (the
“Trust Indenture Act”),
and the rules and regulations of the Commission applicable to an indenture which
is qualified thereunder.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

     

    (j) Except as
described in the section entitled “Plan of Distribution” in the General
Disclosure Package and except as disclosed in Schedule F, there are no
contracts, agreements or understandings between the Issuer, Holdings or any
other person other than the Initial Purchasers that would give rise to a valid
claim against the Issuer, any Guarantor or any of the Initial Purchasers for a
brokerage commission, finder’s fee or like payment in connection with the
issuance, purchase and sale of the Securities.

     

    (k) Except as
set forth in the General Disclosure Package and assuming the accuracy of, and
compliance with, the representations, warranties and agreements of the Initial
Purchasers under Section 4 of this Agreement, no consent, approval,
authorization or order of, or filing with, registration, qualification, license
or permit of or with, any Governmental Authority (collectively, a “Consent”) is required for the
consummation of the transactions contemplated by this Agreement and the
Registration Rights Agreement in connection with the issuance and sale of the
Offered Securities by the Issuer or the issuance of the Guarantees by the
Guarantors except (i) for the order (and filings to obtain such order) of
the Commission declaring the Exchange Offer Registration Statement or the Shelf
Registration Statement effective, (ii) as may be required under the
securities or Blue Sky laws of the various states and foreign jurisdictions,
(iii) such Consents as have been or will be obtained or made on or prior to
the Closing Date, and (iv) where the failure to obtain such Consents could not
reasonably be expected to have a Material Adverse Effect.

     

    (l) Except as
set forth in the General Disclosure Package, and assuming the accuracy of, and
the Initial Purchasers’ compliance with, the representations, warranties and
agreements of the Initial Purchasers set forth in Section 4 of this Agreement,
and the compliance by the holders of the Securities with the offering and
transfer restrictions set forth in the General Disclosure Package, the
execution, delivery and performance of the Operative Documents and consummation
of the Transactions do not and will not (i) violate the charter, bylaws or
other constitutive documents of the Issuer or any Subsidiary of the Issuer or
the Guarantors, (ii) constitute a breach of, or a default under (or an
event that with notice or the lapse of time, or both, would constitute a
default), or require consent under, or result in a Repayment Event (as defined
below), other than or a Repayment Event that will be satisfied at the Closing
Date as contemplated by the General Disclosure Package, or the creation or
imposition of a lien, charge or encumbrance on any property or assets of the
Issuer or any Subsidiary under any of the Agreements and Instruments (as defined
below) or (iii) violate any law, statute, rule or regulation, including,
without limitation, Regulation T, U or X of the Board of Governors of the
Federal Reserve System or any judgment, order or decree of any Governmental
Authority, except for such violations, breaches, defaults, Repayment Events or
liens that could not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.  Assuming the accuracy of the
representations and warranties of the Initial Purchasers in
Section 4 of this Agreement, no Consent is required to be obtained or
made by the Issuer or any Subsidiary for the execution, delivery and performance
by the Issuer or any Subsidiary of the Operative Documents and the consummation
of the Transactions, except (A) such Consents as have been or will be
obtained or made on or

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    prior to
the Closing Date, (B) registration of the Exchange Offer or resale of the
Notes under the Act pursuant to the Registration Rights Agreement, and
qualification of the Indenture under the Trust Indenture Act, in connection with
the issuance of the Exchange Securities, and (C) where the failure to obtain
such consents, approvals, authorizations or orders, filings, registration,
qualifications, licenses or permits could not reasonably be expected to have a
Material Adverse Effect.  No consents or waivers from any other person
or entity are required for the execution, delivery and performance of the
Operative Documents and the consummation of the Transactions, (1) other than
such consents and waivers as have been obtained or will be obtained on or prior
to the Closing Date and will be in full force and effect and (2) except where
the failure to obtain such consents or waivers could not reasonably be expected
to have a Material Adverse Effect.  As used herein, a “Repayment Event” means any
event or condition which gives the holder of any note, debenture or other
evidence of indebtedness (or any person acting on such holder’s behalf) the
right to require the repurchase, redemption or repayment of all or a portion of
such indebtedness by the Issuer or any Subsidiary.

     

    (m) This
Agreement has been duly authorized, executed and delivered by the Issuer and the
Guarantors.

     

    (n) The
Issuer, Holdings and the Subsidiaries have good and marketable title to all
items of owned real property and valid title to all personal property owned by
each of them, in each case free and clear of any pledge, lien, encumbrance,
security interest or other defect or claim of any third party, except
(i) such as do not materially interfere with the use made or proposed to be
made of such property by the Issuer, Holdings or such Subsidiary, (ii) as
described in the General Disclosure Package or (iii) liens permitted by the
Indenture.  Any real property, personal property and buildings held
under lease by the Issuer, Holdings or any such Subsidiary are held under valid,
subsisting and enforceable leases, with such exceptions as do not materially
interfere with the use made or proposed to be made of such property and
buildings by the Issuer or such Subsidiary.

     

    (o) The
Issuer, Holdings and the Subsidiaries have (i) all licenses, certificates,
permits, authorizations, approvals, franchises and other rights from, and have
made all declarations and filings with, all applicable Governmental Authorities
and all self-regulatory authorities (each, an “Authorization”) necessary to
engage in the business conducted by them in the manner described in the General
Disclosure Package, except where the failure to hold such Authorizations could
not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, and (ii) the Issuer, Holdings and the Subsidiaries have not
received written notice from any Governmental Authority or self-regulatory
authority threatening to limit, suspend or revoke any such Authorization, except
where such limitation, suspension or revocation could not reasonably be expected
to have, individually or in the aggregate, a Material Adverse
Effect.  All such Authorizations are valid and in full force and
effect, and the Issuer, Holdings and the Subsidiaries are in compliance in all
material respects with the terms and conditions of all such Authorizations and
with the rules and regulations of the authorities having jurisdiction with
respect to such Authorizations, except for any invalidity, failure to be in full
force and effect or noncompliance with any Authorization

     

    
      
         

      

      
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    that
could not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect.

     

    (p) Except as
could not reasonably be expected to have a Material Adverse Effect, no labor
disturbance by the employees of the Issuer, Holdings or any Subsidiary exists
or, to the knowledge of the Issuer or the Guarantors, is imminent.

     

    (q) The
Issuer, Holdings and each Subsidiary owns, possesses or has the right to employ
all patents, patent rights, licenses, inventions, copyrights, know-how
(including trade secrets and other unpatented and/or unpatentable proprietary or
confidential information, systems or procedures), trademarks, service marks and
trade names (collectively, the “Intellectual Property Rights”)
necessary to conduct the businesses operated by it as described in the General
Disclosure Package, except where the failure to own, possess or have the right
to employ such Intellectual Property could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.  Neither
the Issuer, nor Holdings nor any Subsidiary has received any notice of
infringement of or conflict with asserted rights of others with respect to any
of the foregoing that could reasonably be expected to have a Material Adverse
Effect.  The use of the Intellectual Property in connection with the
business and operations of the Issuer, Holdings and the Subsidiaries does not
infringe on the rights of any person, except for such infringement as could not
reasonably be expected to have a Material Adverse Effect.

     

    (r) Except as
disclosed in the General Disclosure Package or as could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect,
(i) the Issuer, Holdings and the Subsidiaries are in compliance with and
not subject to any pending or threatened liability under applicable
Environmental Laws (as defined below), (ii) the Issuer, Holdings and the
Subsidiaries have made all filings and provided all notices required under any
applicable Environmental Law, and have, and are in compliance with, all permits,
licenses or other approvals required under any applicable Environmental Laws for
their current operations and each of them is in full force and effect,
(iii) there is no civil, criminal or administrative action, suit, demand,
claim, hearing, notice of violation, investigation, proceeding, notice or demand
letter or request for information pending or threatened against the Issuer,
Holdings or any Subsidiary under any Environmental Law, (iv) no lien,
charge, encumbrance or restriction has been recorded under any Environmental Law
with respect to any assets, facility or property owned, operated, leased or
controlled by the Issuer or any Subsidiary, (v) neither the Issuer, nor
Holdings nor any Subsidiary has received notice that it has been identified as a
potentially responsible party under the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended (“CERCLA”), or any comparable
state law and (vi) no property or facility of the Issuer or any Subsidiary
is (A) listed or proposed for listing on the National Priorities List under
CERCLA or (B) listed on the Comprehensive Environmental Response,
Compensation and Liability Information System List promulgated pursuant to
CERCLA, or on any comparable list maintained by any Governmental
Authority.  No facts or circumstances exist and no event or condition
is occurring or has occurred with respect to the Issuer, Holdings or any
Subsidiary relating to any Environmental Law, any release of any hazardous,
toxic or dangerous substance or waste, any chemical, any solid waste, any other
pollutant or contaminant, or

     

    
      
         

      

      
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    the
Issuer’s, Holdings’ or any Subsidiary’s compliance with current requirements of
Environmental Law, that could reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect.

     

    For
purposes of this Agreement, “Environmental Laws” means the
common law and all applicable federal, state, local and foreign laws,
regulations, rules, ordinances, codes, orders, decrees, judgments, injunctions
or any other legally enforceable requirement issued, promulgated, approved or
entered thereunder, relating to pollution, or to protection of public or
employee health and safety from hazardous, toxic or dangerous substances or
wastes or protection of the environment, including, without limitation, laws
relating to:  (i) emissions, discharges, releases or threatened
releases of hazardous materials into the environment (including, without
limitation, ambient air, surface water, groundwater, land surface or subsurface
strata), (ii) the manufacture, processing, distribution, use, generation,
treatment, storage, disposal, transport, arrangement for disposal or transport
or handling of hazardous, toxic or dangerous substances or waste, any chemical,
any solid waste, or any other pollutant or contaminant, and
(iii) underground and aboveground storage tanks and related piping, and
emissions, discharges, releases or threatened releases therefrom.

     

    (s) Except as
set forth in the General Disclosure Package, there is no action, suit or
proceeding before or by any Governmental Authority or arbitrator, now pending
or, to the knowledge of the Issuer or the Guarantors, threatened, to which the
Issuer, Holdings or any Subsidiary is or may be a party or to which the
business, assets or property of the Issuer, Holdings or any Subsidiary is or may
be subject that could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.

     

    (t) All tax
returns required to be filed by the Issuer, Holdings or any Subsidiary have been
filed in all jurisdictions where such returns are required to be filed; and all
taxes shown on such returns that are due or claimed to be due from such entities
or that are due and payable have been paid, other than those being contested in
good faith and for which adequate reserves have been provided to the extent
required in accordance with generally accepted accounting principles in the
United States (“GAAP”)
or those currently payable without penalty or interest and except where the
failure to make such required filings or payments could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse
Effect.

     

    (u) Neither
the Issuer, nor Holdings nor any Subsidiary has any liability for any prohibited
transaction or accumulated funding deficiency (within the meaning of
Section 412 of the Internal Revenue Code) or any complete or partial
withdrawal liability with respect to any pension, profit sharing or other plan
which is subject to Title IV of the Employee Retirement Income Security Act of
1974, as amended (“ERISA”), to which the Issuer,
Holdings or any Subsidiary makes or ever has made a contribution and in which
any employee of the Issuer, Holdings or any Subsidiary is or has ever been a
participant, except for such liability as could not reasonably be expected to
have a Material Adverse Effect.  With respect to such plans, the
Issuer, Holdings and each Subsidiary is in compliance with all applicable
provisions of ERISA, except for such non-compliance as could not reasonably be
expected to have a Material Adverse Effect.

     

    
      
         

      

      
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    (v) As of the
date hereof and as of the Closing Date, immediately prior to and immediately
following the consummation of the Transactions, the Issuer and each Guarantor is
and will be Solvent.  As used herein, “Solvent” shall mean, for any
person on a particular date, that on such date (A) the fair value of the
assets of such person is greater than the total amount of liabilities,
including, without limitation, contingent liabilities, of such person,
(B) the present fair salable value of the assets of such person is not less
than the amount that will be required to pay the probable liability of such
person on its debts as they become absolute and matured, (C) such person
does not intend to, and does not believe that it will, incur debts and
liabilities beyond such person’s ability to pay as such debts and liabilities
mature, (D) such person is not engaged in a business or a transaction, and is
not about to engage in a business or a transaction, for which such person’s
property would constitute an unreasonably small capital and (E) such person
is able to pay its debts as they become due and payable.

     

    (w) The
public accountants whose report is included in the General Disclosure Package
and Final Offering Memorandum are independent with respect to the Issuer and
Guarantors within the meaning of the Act and the rules of the Public Company
Accounting Oversight Board.  The historical financial statements
(including the notes thereto) included in the General Disclosure Package and
Final Offering Memorandum present fairly in all material respects the
consolidated financial position, results of operations, cash flows and changes
in stockholder’s equity of the entities to which they relate at the respective
dates and for the respective periods indicated.  All such financial
statements have been prepared in accordance with GAAP applied on a consistent
basis throughout the periods presented (except as disclosed therein) and in
compliance with Regulation S-X (“Regulation S-X”) under
the Exchange Act, except that the interim financial statements do not include
full footnote disclosure.  The historical information set forth under
the captions “Offering Memorandum Summary — Summary Historical Financial
Information” included in the General Disclosure Package and Final Offering
Memorandum and the “Selected Historical Financial Information” incorporated
therein by reference have been prepared on a basis consistent with that of the
audited financial statements of Holdings.  Since the date as of which
information is given in the General Disclosure Package, except as set forth or
contemplated in the General Disclosure Package, (i) neither the Issuer nor
Holdings nor any Subsidiary has (A) incurred any liabilities or
obligations, direct or contingent, that could reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect or (B) entered
into any material transaction not in the ordinary course of business,
(ii) there has not been any event or development in respect of the business
or condition (financial or other) of the Issuer, Holdings or any Subsidiary that
could reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect, (iii) there has been no dividend or distribution
of any kind declared, paid or made by the Issuer or Holdings on any of its
equity interests and (iv) there has not been any change in the long-term
debt of the Issuer, Holdings or any Subsidiary.

     

    (x) The
statistical and market-related data included in the General Disclosure Package
and Final Offering Memorandum, any document incorporated into the

     

    
      
         

      

      
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    Preliminary
Offering Memorandum and Final Offering Memorandum or any Issuer Free Writing
Communication are based on or derived from sources that the Issuer and
Guarantors believe to be reliable and accurate in all material
respects.  All forward-looking statements included in the General
Disclosure Package and Final Offering Memorandum, except for statistical and
market-related data, represent the Issuer’s and Guarantors’ good faith estimates
that are made on the basis of data derived from sources they believe to be
reliable and accurate in all material respects.  The Issuer has
obtained the written consent to the use of such data from such sources to the
extent required.

     

    (y) Neither
the Issuer, Holdings nor any of the Subsidiary Guarantors is an open-end
investment company, unit investment trust or face-amount certificate company
that is or is required to be registered under Section 8 of the United
States Investment Company Act of 1940 (the “Investment Company Act”); and
the Issuer is not, after giving effect to the offering and sale of the Offered
Securities and the application of the proceeds thereof as described in the
General Disclosure Package, an “investment company” as defined in the Investment
Company Act.

     

    (z) There are
no securities of the Issuer or Guarantors that are listed on a national
securities exchange registered under Section 6 of the Exchange Act or that
are quoted in a United States automated interdealer quotation system of the same
class, within the meaning of Rule 144A, as the Securities.

     

    (aa) Assuming
the accuracy of, and compliance with, the representations, warranties and
agreements of the Initial Purchasers in Section 4 of this Agreement and the
compliance by the holders of the Offered Securities with the offering and
transfer restrictions set forth in the General Disclosure Package and Final
Offering Memorandum, the offer and sale of the Offered Securities in the manner
contemplated by this Agreement will be exempt from the registration requirements
of the Securities Act; and it is not necessary to qualify an indenture in
respect of the Offered Securities under the Trust Indenture Act.

     

    (bb) Neither
the Issuer, nor the Guarantors, nor any of its or their affiliates, nor any
person acting on its or their behalf (other than the Initial Purchasers, as to
whom the Issuer makes no representation) (i) has, within the six-month
period prior to the date hereof, offered or sold in the United States or to any
U.S. person (as such terms are defined in Regulation S under the
Securities Act) the Offered Securities or any security of the same class or
series as the Offered Securities or (ii) has offered or will offer or sell
the Offered Securities (A) in the United States by means of any form
of general solicitation or general advertising within the meaning of
Rule 502(c) under the Securities Act or (B) with respect to any such
securities sold in reliance on Rule 903 of Regulation S under the
Securities Act, by means of any directed selling efforts within the meaning of
Rule 902(c) of Regulation S.  The Issuer, the Guarantors,
their respective affiliates and any person acting on its or their behalf (other
than the Initial Purchasers, as to whom the Issuer makes no representation) have
complied and will comply with the offering restrictions requirement of
Regulation S.  Neither the Issuer nor any Guarantor has entered
and neither the Issuer nor any Guarantor will enter into any
contractual

     

    
      
         

      

      
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    arrangement
with respect to the distribution of the Offered Securities except for this
Agreement.

     

    (cc) Neither
the Issuer, nor Holdings nor any Subsidiary is (i) in violation of its
charter, bylaws or other similar constitutive documents, (ii) in default
(or, with notice or lapse of time or both, would be in default) in the
performance or observance of any obligation, agreement, covenant or condition
contained in any bond, debenture, note, indenture, mortgage, deed of trust, loan
or credit agreement, lease, license, franchise agreement, authorization, permit,
certificate or other agreement or instrument to which the Issuer, Holding or any
Subsidiary is a party or by which any of them is bound or to which any of their
assets or properties is subject (collectively, “Agreements and Instruments”)
or (iii) in violation of any law, statute, rule or regulation or any
judgment, order or decree of any domestic or foreign court or other governmental
or regulatory authority, agency or other body with jurisdiction over any of them
or any of their assets or properties (“Governmental Authority”),
except, in the case of clauses (ii) and (iii), for such defaults or
violations as could not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.

     

    (dd) The sale
of the Offered Securities pursuant to Regulation S is not part of a plan or
scheme to evade the registration process of the Securities Act.

     

    (ee) Neither
the Issuer nor Holdings nor any of its Subsidiaries nor any agent (other than
the Initial Purchasers, as to whom the Issuer makes no representation) thereof
acting on the behalf of them has taken, and none of them will take, any action
that might cause this Agreement or the issuance or sale of the Offered
Securities to violate Regulation T, Regulation U or Regulation X of the Board of
Governors of the Federal Reserve System.

     

    (ff) The
Registration Rights Agreement has been duly and validly authorized by the Issuer
and the Guarantors and, when duly executed and delivered by the Issuer and
Guarantors (assuming the due authorization, execution and delivery thereof by
the Initial Purchasers), will constitute a valid and legally binding obligation
of the Issuer and the Guarantors, enforceable against them in accordance with
its terms, except that (i) the enforcement thereof may be limited by the
Bankruptcy Exceptions and (ii) any rights to indemnity or contribution
thereunder may be limited by federal and state securities laws and public policy
considerations.  The Registration Rights Agreement, when executed and
delivered, will conform in all material respects to the description thereof in
the General Disclosure Package and in the Final Offering
Memorandum.

     

    (gg) No
“nationally recognized statistical rating organization” as such term is defined
for purposes of Rule 436(g)(2) under the Securities Act (i) has
imposed (or has informed the Issuer that it is considering imposing) any
condition (financial or otherwise) on the Issuer’s retaining any rating assigned
to the Issuer or any securities of the Issuer or (ii) has indicated to the
Issuer that it is considering (A) the downgrading, suspension, or
withdrawal of, or any review for a possible change that does not indicate the
direction of the possible change in, any rating so assigned or (B) any
change in the outlook for any rating of the Issuer or any securities of the
Issuer.

     

    
      
         

      

      
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    (hh) The
Issuer and Holdings maintain disclosure controls and procedures (as defined as
Rule 13a-15(e) of the Exchange Act) designed to ensure that information required
to be disclosed by Holdings in the reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported in accordance with
the Exchange Act and the rules and regulations thereunder.  Holdings
has carried out and will carry out evaluations, under the supervision and with
the participation of the management of Holdings and the Issuer, of the
effectiveness of the design and operation of the Issuer’s disclosure controls
and procedures in accordance with Rule 13a-15 of the Exchange Act.

     

    (ii) The
Issuer, Holdings and the Subsidiaries maintain a system of internal accounting
controls sufficient to provide reasonable assurance in all material respects
that:  (i) transactions are executed in accordance with
management’s general or specific authorizations, (ii) transactions are
recorded as necessary to permit preparation of their financial statements in
conformity with GAAP and to maintain accountability for assets,
(iii) access to assets is permitted only in accordance with management’s
general or specific authorization, and (iv) the recorded accountability for
their assets is compared with the existing assets at reasonable intervals and
appropriate action is taken with respect to any differences.  Except
as disclosed in the General Disclosure Package, the Issuer is not aware of any
material weaknesses in its or its subsidiaries’ internal controls.

     

    (jj) The
Issuer will use the net proceeds received in connection with this offering and
the Transactions in the manner described in the “Use of Proceeds” section of the
General Disclosure Package.

     

    Each
certificate signed by any officer of the Issuer or any Guarantor and delivered
to the Initial Purchasers or counsel for the Initial Purchasers pursuant to, or
in connection with, this Agreement shall be deemed to be a representation and
warranty by the Issuer and Guarantors to the Initial Purchasers as to the
matters covered by such certificate.

     

    The
Issuer and Guarantors acknowledge that the Initial Purchasers and, for purposes
of the opinions to be delivered to the Initial Purchasers pursuant to
Section 7 of this Agreement, counsel to the Issuer and Guarantors and
counsel to the Initial Purchasers will rely upon the accuracy and truth of the
foregoing representations, and the Issuer and Guarantors hereby consent to such
reliance.

     

    3. Purchase, Sale and Delivery
of Offered Securities.  On the basis of the representations,
warranties and agreements herein contained, but subject to the terms and
conditions herein set forth, the Issuer agrees to sell to the Initial
Purchasers, and the Initial Purchasers agree, severally and not jointly, to
purchase from the Issuer, at a purchase price of 94.439% of the principal amount
thereof plus accrued interest, if any, from January 11, 2010, to the Closing
Date, the entire principal amount of Offered Securities set forth opposite the
names of the several Initial Purchasers in Schedule A
hereto.

     

    
      
         

      

      
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    The
Issuer will deliver against payment of the purchase price the Offered Securities
to be offered and sold by the Initial Purchasers in reliance on
Regulation S (the “Regulation S Securities”)
in the form of one or more permanent global Securities in registered form
without interest coupons (the “Regulation S Global
Securities”), which will be deposited with the Trustee as custodian for
The Depository Trust Company (“DTC”) and registered in the
name of Cede & Co., as nominee for DTC.  The Issuer will
deliver against payment of the purchase price the Offered Securities to be
purchased by each Initial Purchaser hereunder and to be offered and sold by each
Initial Purchaser in reliance on Rule 144A under the Securities Act (the
“144A Securities”) in
the form of one permanent global security in definitive form without interest
coupons (the “Restricted Global
Securities”) deposited with the Trustee as custodian for DTC and
registered in the name of Cede & Co., as nominee for
DTC.  The Regulation S Global Securities and the Restricted Global
Securities shall be assigned separate CUSIP numbers.  The Restricted
Global Securities shall include the legend regarding restrictions on transfer
set forth under “Transfer Restrictions” in the Final Offering
Memorandum.  Interests in any permanent global securities will be held
only in book-entry form through DTC, except in the limited circumstances
described in the Final Offering Memorandum.

     

    Payment
for the Regulation S Securities and the 144A Securities shall be made by the
Initial Purchasers in Federal (same day) funds by wire transfer to an account of
the Issuer or an account as the Issuer may direct at a bank acceptable to the
Initial Purchasers, at the office of Cravath, Swaine & Moore LLP at 9:00
a.m. (New York time) on January 11, 2010, or at such other time not later than
seven full business days thereafter as the Initial Purchasers and the Issuer
determine, such time being herein referred to as the “Closing Date,” against
delivery to the Trustee as custodian for DTC of (i) the Regulation S Global
Securities representing all of the Regulation S Securities and (ii) the
Restricted Global Securities representing all of the 144A
Securities.  The Regulation S Global Securities and the Restricted
Global Securities will be made available for checking at the office of Cravath,
Swaine & Moore LLP at least 24 hours prior to the Closing
Date.

     

    4. Representations by the
Initial Purchasers; Resale by the Initial Purchasers.

     

    (a) Each
Initial Purchaser severally represents and warrants to the Issuer that it is an
“accredited investor” within the meaning of Regulation D under the
Securities Act.

     

    (b) Each
Initial Purchaser severally acknowledges that the Offered Securities have not
been registered under the Securities Act and may not be offered or sold within
the United States or to, or for the account or benefit of, U.S. persons except
in accordance with Regulation S or pursuant to an exemption from the
registration requirements of the Securities Act.  Each Initial
Purchaser severally represents and agrees that it has offered and sold the
Offered Securities and will offer and sell the Offered Securities (i) as part of
its distribution at any time and (ii) otherwise until 40 days after the later of
the commencement of the offering and the Closing Date, only in accordance with
Rule 903 of Regulation S or Rule 144A under the Securities
Act.  Accordingly, neither such Initial

     

    
      
         

      

      
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    Purchaser
nor its affiliates, nor any persons acting on its or their behalf, have engaged
or will engage in any directed selling efforts with respect to the Offered
Securities, and such Initial Purchaser, its affiliates and all persons acting on
its or their behalf have complied and will comply with the offering restrictions
requirement of Regulation S and Rule 144A.  Each Initial
Purchaser severally represents and agrees that, at or prior to confirmation of
sale of the Offered Securities, other than a sale pursuant to Rule 144A,
such Initial Purchaser will have sent to each distributor, dealer or person
receiving a selling concession, fee or other remuneration that purchases the
Offered Securities from it during the restricted period a confirmation or notice
to substantially the following effect:

     

    “The
Securities covered hereby have not been registered under the U.S. Securities Act
of 1933 (the “Securities Act”) and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons (i) as part of
their distribution at any time or (ii) otherwise until 40 days after the later
of the date of the commencement of the offering and the closing date, except in
either case in accordance with Regulation S (or Rule 144A if available) under
the Securities Act.  Terms used above have the meanings given to them
by Regulation S.”

     

    Terms
used in this subsection (b) have the meanings given to them by
Regulation S.

     

    (c) Each
Initial Purchaser severally represents and agrees that it and each of its
affiliates has not entered and will not enter into any contractual arrangement
with respect to the distribution of the Offered Securities except for any such
arrangements with the other Initial Purchasers or affiliates of the other
Initial Purchasers or with the prior written consent of the Issuer and the
Guarantors.

     

    (d) Each
Initial Purchaser severally represents and agrees that it and each of its
affiliates will not offer or sell the Offered Securities by means of any form of
general solicitation or general advertising, within the meaning of
Rule 502(c) under the Securities Act, including, but not limited to
(i) any advertisement, article, notice or other communication published in
any newspaper, magazine or similar media or broadcast over television or radio
or (ii) any seminar or meeting whose attendees have been invited by any
general solicitation or general advertising.  Each Initial Purchaser
severally represents and agrees, with respect to resales made in reliance on
Rule 144A of any of the Offered Securities, to deliver either with the
confirmation of such resale or otherwise prior to settlement of such resale a
notice to the effect that the resale of such Offered Securities has been made in
reliance upon the exemption from the registration requirements of the Securities
Act provided by Rule 144A.

     

    (e) Each
Initial Purchaser severally represents and agrees that (i) it is a person whose
ordinary activities involve it in acquiring, holding, managing or disposing of
investments (as principal or agent) for the purpose of its business, (ii) it has
not offered or sold and prior to the expiry of a period of six months from the
Closing Date, will not offer or sell any Offered Securities to persons in the
United Kingdom except to persons

     

    
      
         

      

      
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    who it is
reasonable to expect will acquire, hold, manage or dispose of investments (as
principal or agent) for the purposes of their businesses where the issue of the
Offered Securities would otherwise constitute a contravention of Section 19 of
the Financial Services and Markets Act 2000 (the “FSMA”), and (iii) it has
only communicated or caused to be communicated and will only communicate or
cause to be communicated any invitation or inducement to engage in investment
activity (within the meaning of section 21 of the FSMA) received by it in
connection with the issue or sale of any Offered Securities in circumstances in
which section 21(1) of the FSMA does not apply to the Issuer or the Guarantors
and (iv) it has complied and will comply with all applicable provisions of
the FSMA with respect to anything done by it in relation to the Offered
Securities in, from or otherwise involving the United Kingdom.

     

    5. Certain Agreements of the
Issuer and each Guarantor.  The Issuer and each Guarantor agree
with the several Initial Purchasers that:

     

    (a) The
Issuer and the Guarantors will advise UBS promptly of any proposal to amend or
supplement the Preliminary or Final Offering Memorandum and will not effect such
amendment or supplementation without UBS’s consent, which consent shall not be
unreasonably delayed or withheld.  If, at any time prior to the
completion of the resale of the Offered Securities by the Initial Purchasers,
any event occurs as a result of which any document included in the Preliminary
or Final Offering Memorandum, the General Disclosure Package or any Supplemental
Marketing Material, if republished immediately following such event or
development, included or would include an untrue statement of a material fact or
omitted or would omit to state any material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made,
not misleading or if it is necessary at any time to amend or supplement the
Preliminary or Final Offering Memorandum, the General Disclosure Package or any
Supplemental Marketing Material to comply with any applicable law, the Issuer
and the Guarantors will promptly notify UBS of such event and will promptly
prepare, at their own expense, an amendment or supplement which will correct
such statement or omission.  Neither UBS’s consent to, nor the Initial
Purchasers’ delivery to offerees or investors of, any such amendment or
supplement shall constitute a waiver of any of the conditions set forth in
Section 7.  The second sentence of this subsection does not apply
to statements in or omissions from any document in the Preliminary or Final
Offering Memorandum, the General Disclosure Package or any Supplemental
Marketing Material made in reliance upon and in conformity with written
information furnished to the Issuer by the Initial Purchasers specifically for
use therein, it being understood and agreed that the only such information is
that described in Section 8(b) hereof.

     

    (b) The
Issuer and the Guarantors will furnish to the Initial Purchasers copies of the
Preliminary Offering Memorandum, each other document comprising a part of the
General Disclosure Package, the Final Offering Memorandum, all amendments and
supplements to such documents and each item of Supplemental Marketing Material,
in each case as soon as available and in such quantities as UBS reasonably
requests.  At any time when the Issuer is not subject to
Section 13 or 15(d) of the Exchange Act, the Issuer and the Guarantors will
promptly furnish or cause to be furnished to UBS (and, upon request, to each of
the other Initial Purchasers) and, upon request of holders and

     

    
      
         

      

      
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    prospective
purchasers of the Offered Securities, to such holders and purchasers, copies of
the information required to be delivered to holders and prospective purchasers
of the Offered Securities pursuant to Rule 144A(d)(4) under the Securities
Act (or any successor provision thereto) to the extent necessary to permit
compliance with Rule 144A in connection with resales by such holders of the
Offered Securities.  The Issuer will pay the expenses of printing and
distributing all such documents.

     

    (c) The
Issuer and the Guarantors will use their commercially reasonable efforts, in
cooperation with the Initial Purchasers, to arrange for the qualification of the
Offered Securities for sale and the determination of their eligibility for
investment under the laws of such states in the United States as UBS reasonably
designates and will continue such qualifications in effect so long as required
for the resale of the Offered Securities by the Initial Purchasers, provided
that the Issuer will not be required to qualify as a foreign corporation or to
file a general consent to service of process or subject itself to taxation in
any such state.

     

    (d) During
the period of one year after the Closing Date, the Issuer will, upon request,
furnish to the Initial Purchasers and any holder of Offered Securities a copy of
the restrictions on transfer applicable to the Offered Securities.

     

    (e) During
the period of one year after the Closing Date, the Issuer will not, and will not
permit any of its affiliates (as defined in Rule 144 under the Securities Act)
to, resell any of the Offered Securities which constitute “restricted
securities” under Rule 144 that have been reacquired by any of them, unless
(i) such Offered Securities are sold pursuant to a registration statement
which is effective under the Securities Act or (ii) such Offered Securities are
sold accompanied by an opinion of counsel that the buyer of such Offered
Securities is acquiring freely tradable securities.

     

    (f) During
the period of one year after the Closing Date, the Issuer will not be or become
an open-end investment company, unit investment trust or face-amount certificate
company that is or is required to be registered under Section 8 of the
Investment Company Act.

     

    (g) The
Issuer and the Guarantors will pay all expenses incidental to the performance of
their respective obligations under this Agreement, the Indenture, the
Registration Rights Agreement and the other Operative Documents including
(i) the fees and expenses of the Trustee and its professional advisers,
(ii) all expenses in connection with the execution, issue, authentication,
packaging and initial delivery of the Offered Securities and, as applicable, the
Exchange Securities, the preparation and printing of this Agreement, the
Registration Rights Agreement, the Offered Securities, the Indenture, the
Preliminary Offering Memorandum, any other documents comprising any part of the
General Disclosure Package, the Final Offering Memorandum, all amendments and
supplements thereto, each item of Supplemental Marketing Material and any other
document relating to the issuance, offer, sale and delivery of the Offered
Securities and, as applicable, the Exchange Securities, (iii) the cost of
any advertising approved by the Issuer in connection with the issue of the
Offered Securities, (iv) any reasonable expenses (including reasonable fees
and disbursements of counsel) incurred in connection with

     

    
      
         

      

      
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    qualification
of the Offered Securities or the Exchange Securities for sale under the laws of
such jurisdictions as the Initial Purchasers designate and the printing of
memoranda relating thereto, (v) any fees charged by investment rating
agencies for the rating of the Offered Securities and (vi) expenses
incurred in distributing the Preliminary Offering Memorandum, any other
documents comprising any part of the General Disclosure Package, the Final
Offering Memorandum (including any amendments and supplements thereto) and any
Supplemental Marketing Material to the Initial Purchasers.  It is
understood, however, that, except for as provided in Section 8 and Section 10,
the Initial Purchasers will pay all of the fees, costs, expenses and
disbursements of their counsel in connection with the issuance and sale of the
Offered Securities.

     

    (h) In
connection with the offering, until the Initial Purchasers shall have notified
the Issuer of the completion of the resale of the Offered Securities, neither
the Issuer nor the Guarantors, nor any of their affiliates has or will (other
than the Initial Purchasers or their affiliates, as to which the Issuer makes no
agreement), either alone or with one or more other persons, bid for or purchase
for any account in which they or any of their affiliates has a beneficial
interest any Offered Securities or attempt to induce any person to purchase any
Offered Securities; and neither they nor any of their affiliates (other than the
Initial Purchasers or their affiliates as to which the Issuer makes no
agreement) will make bids or purchases for the purpose of creating actual, or
apparent, active trading in, or of raising the price of, the Offered
Securities.

     

    (i) For a
period of 90 days after the date of this Agreement, the Issuer will not offer,
sell, contract to sell, pledge, or otherwise dispose of, directly or indirectly,
without the written consent of UBS, any United States dollar-denominated debt
securities (which does not include borrowings under the ABL Facility (as defined
in the Preliminary Offering Memorandum) and the Exchange Securities) issued or
guaranteed by the Issuer and having a maturity of more than one year from the
date of issue.  The Issuer will not at any time offer, sell, contract
to sell, pledge or otherwise dispose of, directly or indirectly, any securities
under circumstances where such offer, sale, pledge, contract or disposition
would cause the exemption afforded by Section 4(2) of the Securities Act to
cease to be applicable to the offer and sale of the Offered
Securities.

     

    (j) On the
Closing Date, the Issuer shall (i) issue, or cause to be issued, an irrevocable
notice of the Redemption to the trustee of the 9% Notes and the holders of the
9% Notes and (ii) irrevocably deposit, or cause to be irrevocably deposited,
with the trustee of the 9% Notes, a portion of the net proceeds from the
offering and sale of the Offered Securities in an amount sufficient to redeem
approximately $141.2 million aggregate principal amount of 9% Notes at a
redemption price equal to 100% the principal amount thereof plus accrued and
unpaid interest, if any, to the Redemption Date.  The Issuer hereby
covenants and agrees not to take, or cause to be taken, any further action with
respect to such net proceeds after such deposit with the trustee for the 9%
Notes, except in respect of the Redemption or as may be required by applicable
law.

     

    6. Free Writing
Communications.  (a)  The Issuer and each Guarantor
represents and agrees that, unless it obtains the prior consent of the Initial
Purchasers, and each Initial Purchaser represents and agrees with the Issuer
that, unless it obtains the prior

     

    
      
         

      

      
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    consent
of the Issuer and UBS, it has not made and will not make any offer relating to
the Offered Securities that would constitute an Issuer Free Writing
Communication; provided that the
prior written consent of the parties hereto shall be deemed to have been given
in respect of the Issuer Free Writing Communications included in Schedule C and
the Supplemental Marketing Material included in Schedule D to
this Agreement.

     

    (b) The
Issuer consents to the use by any Initial Purchaser of a Free Writing
Communication that (i) contains only (A) information describing the
preliminary terms of the Offered Securities or their offering or
(B) information that describes the final terms of the Offered Securities or
their offering and that is included in the Terms Communication or is included in
or is subsequently included in the Final Offering Memorandum or (ii) does
not contain any material information about the Issuer or any Guarantor or their
securities that was provided by or on behalf of the Issuer or any Guarantor, it
being understood and agreed that any such Free Writing Communication referred to
in clause (i) or (ii) shall not be Issuer Free Writing Communication for
purposes of this Agreement.

     

    7. Conditions of the
Obligations of the Initial Purchasers.  The obligation of the
several Initial Purchasers to purchase and pay for the Offered Securities will
be subject to the accuracy of the representations and warranties on the part of
the Issuer and the Guarantors herein as of the date hereof and as of the Closing
Date, to the accuracy of the statements of officers of the Issuer and Guarantors
made pursuant to the provisions hereof, to the performance by the Issuer and the
Guarantors of their obligations hereunder in all material respects and to the
following additional conditions precedent:

     

    (a) UBS, on
behalf of the Initial Purchasers shall have received a customary “comfort
letter”, dated the date of this Agreement, of KPMG LLP (“KPMG”) and Ernst & Young
LLP (“E&Y”), in form
and substance reasonably satisfactory to the Initial Purchasers concerning
certain financial information with respect to Holdings and its subsidiaries set
forth in the General Disclosure Package.

     

    (b) No stop
order suspending the qualification or exemption from qualification of the
Offered Securities in any jurisdiction shall have been issued and no proceeding
for that purpose shall have been commenced or shall be pending or
threatened.

     

    (c) Subsequent
to the execution and delivery of this Agreement, there shall not have occurred
(i) any change, or any development or event involving a prospective change,
in the condition (financial or other), business, properties or results of
operations of Holdings and its subsidiaries taken as one enterprise which, in
the reasonable judgment of the Initial Purchasers, is material and adverse and
makes it impractical or inadvisable to proceed with completion of the offering
or the sale of and payment for the Offered Securities, (ii) any downgrading
in the rating of any debt securities of the Issuer or any of its subsidiaries by
any “nationally recognized statistical rating organization” (as defined for
purposes of Rule 436(g) under the Securities Act), or any public
announcement that any such organization has under surveillance or review its
rating of any debt securities of the Issuer or any of its subsidiaries (other
than an announcement with positive implications of a possible upgrading, and no
implication of a possible downgrading, of

     

    
      
         

      

      
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    such
rating) or any announcement that the Issuer or any of its subsidiaries has been
placed on negative outlook, (iii) any change in U.S. or international
financial, political or economic conditions or currency exchange rates or
exchange controls as would, in the reasonable judgment of a majority in interest
of the Initial Purchasers including UBS, be likely to prejudice materially the
success of the proposed issue, sale or distribution of the Offered Securities,
whether in the primary market or in respect of dealings in the secondary market,
(iv) any material suspension or material limitation of trading in
securities generally on the New York Stock Exchange or any setting of minimum
prices for trading on such exchange, (v) any banking moratorium declared by
U.S. federal or New York authorities, (vi) any major disruption of
settlements of securities, payment or clearance services in the United States,
or (vii) any attack on, outbreak or escalation of hostilities or act of
terrorism involving the United States, any declaration of war by Congress or any
other national or international calamity or emergency if, in the reasonable
judgment of a majority in interest of the Initial Purchasers including UBS, the
effect of any such attack, outbreak, escalation, act, declaration, calamity or
emergency makes it impractical or inadvisable to proceed with completion of the
offering or sale of and payment for the Offered Securities.

     

    (d) The
Initial Purchasers shall have received opinions, dated the Closing Date, of
Paul, Weiss, Rifkind, Wharton & Garrison LLP, counsel for the Issuer,
in substantially the form attached hereto as Exhibit A and
reasonably acceptable to the Initial Purchasers.

     

    (e) The
Initial Purchasers shall have received an opinion, dated the Closing Date, from
Lathrop & Gage L.C., Missouri counsel for the Issuer, in the form of
Exhibit B
hereto and reasonably acceptable to the Initial Purchasers.

     

    (f) The
Initial Purchasers shall have received an opinion, dated the Closing Date, from
Marshall & Melhorn LLC, Ohio counsel for the Issuer, in the form of Exhibit C hereto and
reasonably acceptable to the Initial Purchasers.

     

    (g) The
Initial Purchasers shall have received an opinion, dated the Closing Date, from
Adams & Reese LLP, Texas counsel for the Issuer, in the form of Exhibit D hereto and
reasonably acceptable to the Initial Purchasers.

     

    (h) The
Initial Purchasers shall have received from Cravath, Swaine & Moore
LLP, counsel for the Initial Purchasers, such opinion or opinions, dated the
Closing Date, with respect to the incorporation of the Issuer, the validity of
the Offered Securities, the Final Offering Memorandum and the General Disclosure
Package, the exemption from registration for the offer and sale of the Offered
Securities by the Issuer to the Initial Purchasers and the resales by the
Initial Purchasers as contemplated hereby and other related matters as the
Initial Purchasers may require, and the Issuer shall have furnished to such
counsel such documents as they request for the purpose of enabling them to pass
upon such matters.

     

    (i) The
Initial Purchasers shall have received a certificate, dated the Closing Date, of
the President or any Vice President and a principal financial or accounting
officer of the Issuer and each Guarantor in which such officers, to the best of
their knowledge and

     

    
      
         

      

      
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    after
reasonable investigation, shall state on behalf of the Issuer and the Guarantors
that the representations and warranties of the Issuer and the Guarantors in this
Agreement are true and correct, that the Issuer and the Guarantors have complied
with all agreements and satisfied all conditions on their part to be performed
or satisfied hereunder at or prior to the Closing Date, and that, subsequent to
the date of the most recent financial statements in the General Disclosure
Package, there has been no material adverse change, nor any development or event
involving a prospective material adverse change, in the condition (financial or
other), business, properties or results of operations of the Issuer and its
subsidiaries taken as a whole except as set forth in or contemplated by the
General Disclosure Package or as described in such certificate.

     

    (j) The
Initial Purchasers shall have received a letter, dated the Closing Date, of KPMG
and E&Y that meets the requirements of subsection (a) of this Section,
except that the specified date referred to in such subsection will be a date not
more than three business days prior to the Closing Date for the purposes of this
subsection and except it shall refer to financial information with respect to
Holdings and its subsidiaries in the Final Offering Memorandum.

     

    (k) The
Issuer and the Guarantors shall have executed and delivered the Registration
Rights Agreement and the Indenture.

     

    (l) The
Initial Purchasers shall have been furnished with wiring instructions for the
application of the proceeds of the Offered Securities in accordance with this
Agreement and such other information as they may reasonably
request.

     

    (m) All
agreements set forth in the blanket representation letter of the Issuer to DTC
relating to the approval of the Offered Securities by DTC for “book-entry”
transfer shall have been complied with.

     

    (n) The
respective obligations of the Issuer and the Guarantors and of the Initial
Purchasers hereunder are subject to the condition that Ply Gem Prime, Holdings,
the Issuer and U.S. Bank National Association, as escrow agent, enter into the
Escrow Agreement in form and substance reasonably satisfactory to the Initial
Purchasers, deposit approximately $218.8 million aggregate principal amount
of the 9% Notes with the escrow agent under the Escrow Agreement prior to
the Closing Date and agree to effect the other transactions contemplated by the
Escrow Agreement.

     

    The
Issuer will furnish the Initial Purchasers with such conformed copies of such
opinions, certificates, letters and documents required hereunder as the Initial
Purchasers reasonably request.  UBS may in its sole discretion waive
on behalf of the Initial Purchasers compliance with any conditions to the
obligations of the Initial Purchasers hereunder.

     

    8. Indemnification and
Contribution.  (a)  The Issuer and the Guarantors,
jointly and severally, will indemnify and hold harmless each Initial Purchaser,
its partners, directors, members and officers, affiliates and each person, if
any, who controls such Initial Purchaser within the meaning of Section 15
of the Securities Act or Section 20 of

     

    
      
         

      

      
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    the
Exchange Act (each, an “Indemnified Party”), against
any and all losses, claims, damages or liabilities, joint or several, to which
such Indemnified Party may become subject, under the Securities Act, the
Exchange Act, other Federal or state statutory law or regulation or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of any material fact contained in the Preliminary Offering Memorandum
or the Final Offering Memorandum, in each case as amended or supplemented, or
any Issuer Free Writing Communication (including, without limitation, any
Supplemental Marketing Material), or arise out of or are based upon the omission
or alleged omission to state therein a material fact necessary in order to make
the statements therein, in light of the circumstances under which they were
made, not misleading, including any losses, claims, damages or liabilities
arising out of or based upon the Issuer’s or Guarantors’ failure to perform
their obligations under Section 5(a) of this Agreement, and (subject to
Section 8(c)) will reimburse each Indemnified Party for any legal or other
expenses reasonably incurred by such Indemnified Party in connection with
investigating or defending any such loss, claim, damage, liability or action as
such expenses are incurred; provided, however, that the
Issuer and the Guarantors will not be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is based upon an
untrue statement or alleged untrue statement in or omission or alleged omission
from any of such documents in reliance upon and in conformity with written
information furnished to the Issuer by any Initial Purchaser through UBS
specifically for use therein, it being understood and agreed that the only such
information consists of the information described as such in subsection (b)
below.

     

    (b) Each
Initial Purchaser will severally and not jointly indemnify and hold harmless
each of the Issuer and the Guarantors, their respective directors and officers
and each person, if any, who controls the Issuer or such Guarantor within the
meaning of Section 15 of the Securities Act, against any losses, claims,
damages or liabilities to which the Issuer may become subject, under the
Securities Act or the Exchange Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained in the Preliminary Offering Memorandum or the Final Offering
Memorandum, in each case as amended or supplemented or any Issuer Free Writing
Communication, or arise out of or are based upon the omission or the alleged
omission to state therein a material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made,
not misleading, in each case to the extent, but only to the extent, that such
untrue statement or alleged untrue statement or omission or alleged omission was
made in reliance upon and in conformity with written information furnished to
the Issuer by such Initial Purchaser through UBS specifically for use therein,
and will reimburse any legal or other expenses reasonably incurred by the Issuer
in connection with investigating or defending any such loss, claim, damage,
liability or action as such expenses are incurred, it being understood and
agreed that the only such information furnished by any Initial Purchaser
consists of the following information in the Preliminary and Final Offering
Memorandum: paragraph three, and the second and third sentences of paragraph
seven under the caption “Plan of Distribution”; provided, however, that the
Initial Purchasers shall not be liable for any losses, claims,

     

    
      
         

      

      
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    damages
or liabilities arising out of or based upon the Issuer’s failure to perform its
obligations under Section 5(a) of this Agreement.

     

    (c) Promptly
after receipt by an indemnified party under this Section 8 of notice of the
commencement of any action, such indemnified party will, if a claim in respect
thereof is to be made against the indemnifying party under subsection (a)
or (b) above, notify the indemnifying party of the commencement thereof; but the
omission so to notify the indemnifying party will not relieve it from any
liability which it may have to any indemnified party otherwise than under
subsection (a) or (b) above, except to the extent that it has been
materially prejudiced by such failure.  In case any such action is
brought against any indemnified party and it notifies the indemnifying party of
the commencement thereof, the indemnifying party will be entitled to participate
therein and, to the extent that it may wish, jointly with any other indemnifying
party similarly notified, to assume the defense thereof, with counsel reasonably
satisfactory to such indemnified party (who shall not, except with the consent
of the indemnified party, be counsel to the indemnifying party), and after
notice from the indemnifying party to such indemnified party of its election so
to assume the defense thereof, the indemnifying party will not be liable to such
indemnified party under this Section 8 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof other than reasonable costs of investigation.  No indemnifying
party shall, without the prior written consent of the indemnified party, effect
any settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party unless such settlement includes an
unconditional release of such indemnified party from all liability on any claims
that are the subject matter of such action and does not include a statement as
to any admission of fault, culpability or failure to act by or on behalf of any
indemnified party.  No indemnifying party shall be liable for any
settlement or compromise of, or consent to the entry of judgment with respect
to, any such action or claim effected without its consent.

     

    (d) If the
indemnification provided for in this Section 8 is unavailable or insufficient to
hold harmless an indemnified party under Section 8(a) or (b) above, then each
indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of the losses, claims, damages or liabilities
referred to in Section 8(a) or (b) above (i) in such proportion as is
appropriate to reflect the relative benefits received by the Issuer and the
Guarantors on the one hand and the Initial Purchasers on the other from the
offering of the Offered Securities or (ii) if the allocation provided by
clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Issuer and the Guarantors on the one
hand and the Initial Purchasers on the other in connection with the statements
or omissions which resulted in such losses, claims, damages or liabilities as
well as any other relevant equitable considerations.  The relative
benefits received by the Issuer and the Guarantors on the one hand and the
Initial Purchasers on the other shall be deemed to be in the same proportion as
the total net proceeds from the offering (before deducting expenses) received by
the Issuer bear to the total discounts and commissions received by the Initial
Purchasers from the Issuer under this Agreement.  The relative fault
shall be determined

     

    
      
         

      

      
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    by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Issuer and the Guarantors or the Initial
Purchasers and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such untrue statement or
omission.  The amount paid by an indemnified party as a result of the
losses, claims, damages or liabilities referred to in the first sentence of this
Section 8(d) shall be deemed to include any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending any action or claim which is the subject of this
Section 8(d).  Notwithstanding the provisions of this
Section 8(d), no Initial Purchaser shall be required to contribute any
amount in excess of the amount by which the total price at which the Offered
Securities purchased by it were resold exceeds the amount of any damages that
such Initial Purchaser has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged
omission.  The Initial Purchasers’ obligations in this
Section 8(d) to contribute are several in proportion to their respective
purchase obligations and not joint.  The Issuer, the Guarantors and
the Initial Purchasers agree that it would not be just and equitable if
contribution pursuant to this Section 8(d) were determined by pro rata
allocation (even if the Initial Purchasers were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in this Section 8(d).

     

    (e) The
obligations of the Issuer and the Guarantors under this Section 8 shall be
in addition to any liability which the Issuer and the Guarantors may otherwise
have and shall extend, upon the same terms and conditions, to each person, if
any, who controls any Initial Purchaser within the meaning of the Securities Act
or the Exchange Act; and the obligations of the Initial Purchasers under this
Section 8 shall be in addition to any liability which the respective
Initial Purchasers may otherwise have and shall extend, upon the same terms and
conditions, to each person, if any, who controls the Issuer or such Guarantor
within the meaning of the Securities Act or the Exchange Act.

     

    9. Default of Initial
Purchasers.  If any Initial Purchaser or Initial Purchasers
default in their obligations to purchase Offered Securities hereunder and the
aggregate principal amount number of Offered Securities that such defaulting
Initial Purchaser or Initial Purchasers agreed but failed to purchase does not
exceed 10% of the total principal number of Offered Securities, UBS may make
arrangements satisfactory to the Issuer for the purchase of such Offered
Securities by other persons, including any of the Initial Purchasers, but if no
such arrangements are made by the Closing Date, the non-defaulting Initial
Purchasers shall be obligated severally, in proportion to their respective
commitments hereunder, to purchase the Offered Securities that such defaulting
Initial Purchasers agreed but failed to purchase.  If any Initial
Purchaser or Initial Purchasers so default and the aggregate number of Offered
Securities with respect to which such default or defaults occur exceeds 10% of
the total number of shares of Offered Securities that the Initial Purchasers are
obligated to purchase on such Closing Date and arrangements satisfactory to UBS
and the Issuer for the purchase of such Offered Securities by other persons are
not made within 36 hours after such default, this Agreement will terminate
without liability on the part of any non-defaulting Initial Purchaser or the
Issuer, except as provided in Section 10.  As used in this
Agreement, the term “Initial Purchaser”

     

    
      
         

      

      
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    includes
any person substituted for an Initial Purchaser under this
Section.  Nothing herein will relieve a defaulting Initial Purchaser
from liability for its default.

     

    10. Survival of Certain
Representations and Obligations.  The respective indemnities,
agreements, representations, warranties and other statements of the Issuer and
the Guarantors and their respective officers and of the several Initial
Purchasers set forth in or made pursuant to this Agreement will remain in full
force and effect, regardless of any investigation, or statement as to the
results thereof, made by or on behalf of any Initial Purchaser, the Issuer, the
Guarantors, or any of the representatives, officers or directors or any
controlling person of the Issuer or Guarantors, and will survive delivery of and
payment for the Offered Securities.  If this Agreement is terminated
pursuant to Section 9 or if for any reason the purchase of the Offered
Securities by the Initial Purchasers is not consummated, the Issuer and the
Guarantors shall remain responsible for the expenses to be paid or reimbursed by
it pursuant to Section 5 and the respective obligations of the Issuer and
the Guarantors and the Initial Purchasers pursuant to Section 8 shall
remain in effect.  If the purchase of the Offered Securities by the
Initial Purchasers is not consummated for any reason other than solely because
of the termination of this Agreement pursuant to Section 9 or the
occurrence of any event specified in clause (iii), (iv), (v), (vi) or (vii) of
Section 7(c), the Issuer will reimburse the Initial Purchasers for all
out-of-pocket expenses (including fees and disbursements of counsel) reasonably
incurred by it in connection with the offering of the Offered
Securities.

     

    11. Notices.  All
communications with respect to or under this Agreement, except as may be
otherwise specifically provided in this Agreement, shall be in writing and, if
sent to the Initial Purchasers, shall be mailed, delivered or telecopied and
confirmed in writing to c/o UBS Securities LLC, 677 Washington Blvd., Stamford,
Connecticut 06901 (fax number:  (203) 719-3667),
Attention:  HY Syndicate, with a copy for informational purposes only
to Cravath, Swaine & Moore LLP, 825 Eighth Avenue, New York, New York 10019
(fax number: 212-474-3700), Attention: William J. Whelan, III, Esq.; or, if sent
to the Issuer, will be mailed, delivered or telegraphed and confirmed to it at
Ply Gem Industries, Inc., 5020 Weston Parkway, Suite 400, Cary, NC 27513,
Attention: Shawn Poe, with a copy for informational purposes only to Paul,
Weiss, Rifkind, Wharton & Garrison LLP, 1285 Avenue of the Americas, New
York, NY 10019, Attention:  John C.
Kennedy, Esq.

     

    12. Successors.  This
Agreement will inure to the benefit of and be binding upon the parties hereto
and their respective successors and the controlling persons referred to in
Section 8, and no other person will have any right or obligation hereunder,
except that holders of Offered Securities shall be entitled to enforce the
agreements for their benefit contained in the second and third sentences of
Section 5(b) hereof against the Issuer as if such holders were parties
hereto.

     

    13. Representation of Initial
Purchasers.  You will act for the several Initial Purchasers in
connection with this purchase, and any action under this Agreement taken by you
will be binding upon all the Initial Purchasers.

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    

     

    14. Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, but all such counterparts shall together constitute
one and the same Agreement.

     

    15. Absence of Fiduciary
Relationship.  The Issuer acknowledges and agrees
that:

     

    (a) the
Initial Purchasers have been retained solely to act as initial purchasers in
connection with the initial purchase, offering and resale of the Offered
Securities and that no fiduciary, advisory or agency relationship between the
Issuer and the Initial Purchasers has been created in respect of any of the
transactions contemplated by this Agreement or the Preliminary or Final Offering
Memorandum, irrespective of whether the Initial Purchasers have advised or is
advising the Issuer on other matters;

     

    (b) the
purchase price of the Offered Securities set forth in this Agreement was
established by the Issuer following discussions and arm’s-length negotiations
with the Initial Purchasers and the Issuer is capable of evaluating and
understanding and understands and accepts the terms, risks and conditions of the
transactions contemplated by this Agreement;

     

    (c) the
Issuer has been advised that the Initial Purchasers and their affiliates are
engaged in a broad range of transactions which may involve interests that differ
from those of the Issuer and that the Initial Purchasers have no obligation to
disclose such interests and transactions to Issuer by virtue of any fiduciary,
advisory or agency relationship; and

     

    (d) the
Issuer waives, to the fullest extent permitted by law, any claims it may have
against the Initial Purchasers for breach of fiduciary duty or alleged breach of
fiduciary duty and agrees that the Initial Purchasers shall have no liability
(whether direct or indirect) to the Issuer in respect of such a fiduciary duty
claim or to any person asserting a fiduciary duty claim on behalf of or in right
of the Issuer, including stockholders, employees or creditors of the
Issuer.

     

    16. Applicable
Law.  This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York without regard to principles
of conflicts of laws.

     

     

    The
Issuer and the Initial Purchasers hereby submit to the non-exclusive
jurisdiction of the Federal and state courts in the Borough of Manhattan in The
City of New York in any suit or proceeding arising out of or relating to this
Agreement.

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    

     

    If the
foregoing is in accordance with your understanding of our agreement, please sign
and return to the Issuer a counterpart hereof, whereupon this instrument, along
with all counterparts, will become a binding agreement among the several Initial
Purchasers, the Guarantors and the Issuer in accordance with its
terms.

    

     

    
      	 
      	
              Very
      truly yours,

            
	 
      	 
      
	 
      	
              PLY
      GEM INDUSTRIES, INC.

            
	 
      	 
      
	 
      	
              By

            
	 
      	
              _/s/
      Shawn K. Poe ________________

            
	 
      	
              Name: 
      Shawn K. Poe

            
	 
      	
              Title:   
      Vice President

            

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    
      	 
      	
              PLY
      GEM HOLDINGS, INC.

            
	 
      	 
      
	 
      	
              By

            
	 
      	
              _/s/
      Shawn K. Poe ________________

            
	 
      	
              Name: 
      Shawn K. Poe

            
	 
      	
              Title:   
      Vice President

            

    

     

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    

     

    
      	 
      	
              ALCOA
      HOME EXTERIORS, INC.

            
	 
      	
              ALENCO
      BUILDING PRODUCTS

            
	 
      	
              MANAGEMENT,
      L.L.C.

            
	 
      	
              ALENCO
      EXTRUSION GA, L.L.C.

            
	 
      	
              ALENCO
      EXTRUSION

            
	 
      	
              MANAGEMENT,
      L.L.C.

            
	 
      	
              ALENCO
      HOLDING CORPORATION

            
	 
      	
              ALENCO
      INTERESTS, L.L.C.

            
	 
      	
              ALENCO
      TRANS, INC.

            
	 
      	
              ALENCO
      WINDOW GA, L.L.C.

            
	 
      	
              ALUMINUM
      SCRAP RECYCLE, L.L.C.

            
	 
      	
              AWC
      ARIZONA, INC.

            
	 
      	
              AWC
      HOLDING COMPANY

            
	 
      	
              GLAZING
      INDUSTRIES

            
	 
      	
              MANAGEMENT,
      L.L.C.

            
	 
      	
              GREAT
      LAKES WINDOW, INC.

            
	 
      	
              KROY
      BUILDING PRODUCTS, INC.

            
	 
      	
              MW
      MANUFACTURERES INC.

            
	 
      	
              MWM
      HOLDING, INC.

            
	 
      	
              NAPCO,
      INC.

            
	 
      	
              NEW
      ALENCO EXTRUSION, LTD.

            
	 
      	
              NEW
      ALENCO WINDOW, LTD.

            
	 
      	
              NEW
      GLAZING INDUSTRIES, LTD.

            
	 
      	
              PLY
      GEM PACIFIC WINDOWS

            
	 
      	
              CORPORATION

            
	 
      	
              VARIFORM,
      INC.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By

            
	 
      	 
      
	 
      	
              _/s/
      Shawn K. Poe ________________________

            
	 
      	
              Name: 
      Shawn K. Poe

            
	 
      	
              Title:   
      Vice President

            

    

     

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    

     

    The
foregoing Purchase Agreement

    is hereby
confirmed and accepted as

    of the
date first above written.

    

    

    By:  UBS
SECURITIES LLC

    

    

    

    By: __/s/ Jeffrey Groves
_____________________

    

    Name: 
Jeffrey Groves

    Title:   
Executive Director

     

    By: __/s/ Rahul Kotwaz 
_____________________

    

    Name: 
Rahul Kotwaz

    Title:   
Director

     

    as
Representative of the several Initial Purchasers.

     

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SCHEDULE
A

    

    
      	
              Initial Purchaser

            	 	
              Principal Amount Offered
      Securities

            	 
	
              UBS
      Securities LLC

            	 	$	100,000,000	 
	
              Credit
      Suisse Securities (USA) LLC

            	 	$	50,000,000	 
	
              Total

            	 	$	150,000,000	 

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SCHEDULE
B

     

    
      
        	
                Subsidiary
      Guarantors

              
	
                Alcoa
      Home Exteriors, Inc.

              
	
                Alenco
      Building Products Management, L.L.C.

              
	
                Alenco
      Extrusion GA, L.L.C.

              
	
                Alenco
      Extrusion Management, L.L.C.

              
	
                Alenco
      Holding Corporation

              
	
                Alenco
      Interests, L.L.C.

              
	
                Alenco
      Trans, Inc.

              
	
                Alenco
      Window GA, L.L.C.

              
	
                Aluminum
      Scrap Recycle, L.L.C.

              
	
                AWC
      Arizona, Inc.

              
	
                AWC
      Holding Company

              
	
                Glazing
      Industries Management, L.L.C.

              
	
                Great
      Lakes Window, Inc.

              
	
                Kroy
      Building Products, Inc.

              
	
                MW
      Manufacturers Inc.

              
	
                MWM
      Holding, Inc.

              
	
                Napco,
      Inc.

              
	
                New
      Alenco Extrusion, Ltd.

              
	
                New
      Alenco Window, Ltd.

              
	
                New
      Glazing Industries, Ltd.

              
	
                Ply
      Gem Pacific Windows Corporation

              
	
                Variform,
      Inc.

              

      

    
       

    

    

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SCHEDULE
C

     

    1.  Terms Communication attached
hereto as Exhibit C-1.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
C-1

     

    [See
following page.]

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

     

    SCHEDULE
D

     

    SUPPLEMENTAL
MARKETING MATERIAL

     

    1.           Investor
presentation slides.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SCHEDULE
E

     

    LIST
OF SUBSIDIARIES

     

    
      
        	
                Parent

              	
                Subsidiary

              	
                Jurisdiction

              
	
                Alenco
      Holding Corporation (100%)

              	
                Alenco
      Building Products Management, L.L.C.

              	
                Delaware

              
	
                Alenco
      Holding Corporation (100%)

              	
                Alenco
      Extrusion Management, L.L.C.

              	
                Delaware

              
	
                Alenco
      Holding Corporation (100%)

              	
                Alenco
      Interests, L.L.C.

              	
                Delaware

              
	
                Alenco
      Holding Corporation (100%)

              	
                Alenco
      Trans, Inc.

              	
                Delaware

              
	
                Alenco
      Holding Corporation (100%)

              	
                AWC
      Arizona, Inc.

              	
                Delaware

              
	
                Alenco
      Holding Corporation (100%)

              	
                Glazing
      Industries Management, L.L.C.

              	
                Delaware

              
	
                Alenco
      Interests, L.L.C. (95%); Alenco Building Products Management, L.L.C. (5% -
      GP)

              	
                New
      Alenco Window, Ltd.

              	
                Texas

              
	
                Alenco
      Interests, L.L.C. (95%); Alenco Extrusion Management, L.L.C. (5% -
      GP)

              	
                New
      Alenco Extrusion, Ltd.

              	
                Texas

              
	
                Alenco
      Interests, L.L.C. (95%); Glazing Industries Management, L.L.C. (5% -
      GP)

              	
                New
      Glazing Industries, Ltd.

              	
                Texas

              
	
                AWC
      Holding Company (100%)

              	
                Alenco
      Holding Corporation

              	
                Delaware

              
	
                MWM
      Holding, Inc. (100%)

              	
                MW
      Manufacturers Inc.

              	
                Delaware

              
	
                New
      Alenco Extrusion, Ltd. (100%)

              	
                Alenco
      Extrusion GA, L.L.C.

              	
                Delaware

              
	
                New
      Alenco Extrusion, Ltd. (100%)

              	
                Aluminum
      Scrap Recycle, L.L.C.

              	
                Delaware

              
	
                New
      Alenco Window, Ltd. (100%)

              	
                Alenco
      Window GA, L.L.C.

              	
                Delaware

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                Alcoa
      Home Exteriors, Inc.

              	
                Ohio

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                AWC
      Holding Company

              	
                Delaware

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                CWD
      Windows and Doors, Inc.

              	
                Canada

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                Great
      Lakes Window, Inc.

              	
                Ohio

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                Kroy
      Building Products, Inc.

              	
                Delaware

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                MWM
      Holding, Inc.

              	
                Delaware

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                Napco,
      Inc.

              	
                Delaware

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                Ply
      Gem Pacific Windows Corporation

              	
                Delaware

              
	
                Ply
      Gem Industries, Inc. (100%)

              	
                Variform,
      Inc.

              	
                Missouri

              

      

    

    

     

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SCHEDULE
F

     

    1.          
An advisory fee payable to Jefferies & Co., Inc. in connection with the
issuance and sale of the Offered Securities in an amount not to exceed
$450,000.

     

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    FORM
OF PAUL, WEISS, RIFKIND,

    WHARTON
& GARRISON LLP OPINION

     

    [See
following page.]

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
B

     

    FORM
OF LATHROP & GAGE LLP OPINION

     

    [See
following page.]

    

     

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

     

    EXHIBIT
C

     

    FORM
OF MARSHALL & MELHORN LLC OPINION

     

    [See
following page.]

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
D

     

    FORM
OF ADAMS AND REESE LLP OPINION

     

    [See
following page.]

    

     

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

     

    EXHIBIT
E

     

    REGISTRATION
RIGHTS AGREEMENT

     

    [to be provided separately]

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