Document:

Common Stock Purchase Warrant No. W-1 dated October 25, 2004

 Exhibit 10.57 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933 OR THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM. IN ADDITION, THE TRANSFER OF THESE SECURITIES IS SUBJECT TO THE
CONDITIONS SPECIFIED IN SECTION 3.3 OF THE WARRANT AGREEMENT DATED AS OF OCTOBER 25, 2004, AS AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BETWEEN THE ISSUER OF THESE SECURITIES AND THE INITIAL HOLDER NAMED THEREIN. NO TRANSFER OF THESE SECURITIES
SHALL BE VALID OR EFFECTIVE UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED. A COPY OF THE WARRANT AGREEMENT IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICE OF THE ISSUER. THE HOLDER OF THIS CERTIFICATE, BY ACCEPTANCE OF THIS
CERTIFICATE, AGREES TO BE BOUND BY THE PROVISIONS OF THE WARRANT AGREEMENT. 
  
 PW EAGLE, INC. 
  

			
	 No. W-1
	  	 Warrant to Purchase
 209,515 Shares
 of Common Stock
 October 25, 2004

  
 COMMON STOCK
PURCHASE WARRANT 
  
 THIS CERTIFIES that, for value received,
Churchill Capital Partners IV, L.P., a Delaware limited partnership (the “Holder”), or assigns, is entitled to purchase from PW Eagle, Inc., a Minnesota corporation (the “Company”), 209,515 shares of
the Common Stock, $.01 par value per share (the “Common Stock”), of the Company, at the price (the “Exercise Price”) of $.01 per share, at any time or from time to time during the period commencing on
the Exercisability Date and ending at the Expiration Time. 
  
 This Warrant has been issued pursuant to the Warrant Agreement (as amended or supplemented from time to time, the “Warrant Agreement”) dated as of October 25, 2004, between the Company and the Initial Holder named
therein, and is subject to the terms and conditions, and the Holder is entitled to the benefits, thereof, including without limitation provisions (i) for adjusting the number of Warrant Shares issuable upon the exercise or exchange hereof and the
Exercise Price to be paid upon such exercise, (ii) providing for certain “put” rights, and (iii) providing certain information and other rights. A copy of the Warrant Agreement is on file and may be inspected at the principal executive
office of the Company. The Holder of this certificate, by acceptance of this certificate, agrees to be bound 

  

 
by the provisions of the Warrant Agreement. Capitalized terms used but not defined herein shall have the meanings given to them in the Warrant Agreement.

  
 SECTION 1. Exercise of Warrant. On any Business Day on
or after the Exercisability Date but at or prior to the Expiration Time, the Holder may exercise this Warrant, in whole or in part, by delivering to the Company this Warrant accompanied by a properly completed Exercise Form in the form of
Annex A and a check or wire transfer in an aggregate amount equal to the product obtained by multiplying (a) the Exercise Price, by (b) the number of Warrant Shares being purchased. Any partial exercise of a Warrant shall be for a
whole number of Warrant Shares only. 
  
 SECTION 2. Exercise
Price and Warrant Shares. The Exercise Price and the number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as provided in the Warrant Agreement. 
  
 SECTION 3. Exchange of Warrant. On any Business Day on or after the
Exercisability Date but at or prior to the Expiration Time, the Holder may exchange this Warrant, in whole or in part, for Warrant Shares by delivering to the Company this Warrant accompanied by a properly completed Exchange Form in the form of
Annex B. The number of shares of Common Stock to be received by the Holder upon such exchange shall be determined as provided in Section 4.2 of the Warrant Agreement. 
  
 SECTION 4. Transfer. Subject to the limitations set forth in the Warrant Agreement, this Warrant may be transferred,
in whole or in part, by the Holder by delivery to the Company of this Warrant accompanied by a properly completed Assignment Form in the form of Annex C. 
  
 SECTION 5. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the
Company will issue a new Warrant of like denomination and tenor upon compliance with the provisions set forth in the Warrant Agreement. 
  
 SECTION 6. No Stockholder Rights. This Warrant shall not entitle the holder hereof to any voting rights or, except as otherwise provided in the
Warrant Agreement, other rights of a shareholder of the Company, as such. 
  
 SECTION 7. Successors. All of the provisions of this Warrant by or for the benefit of the Company or the Holder shall bind and inure to the benefit of their respective successors and assigns. 
  
 SECTION 8. Headings. Section headings in this Warrant have been
inserted for convenience of reference only and shall not affect the construction of, or be taken into consideration in interpreting, this Warrant. 
  

 -2- 

 SECTION 9. Governing Law. This Warrant shall be governed by and construed in accordance with the
laws of the State of Minnesota (without giving effect to principles of conflicts of laws). 
  
 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its duly authorized officer and this Warrant to be dated as of the date first set forth above. 
  

			
	PW EAGLE, INC.
		
	By:	 	 /s/ Dobson West

	 Name:
	 	 Dobson West

	 Title:
	 	 Secretary

  

 -3- 

  
 ANNEX A 
  
 EXERCISE FORM 
  
 [TO BE SIGNED UPON EXERCISE OF WARRANT] 
  
 TO PW EAGLE, INC. 
  
 The undersigned, being the Holder of the within Warrant, hereby elects to
exercise the purchase right represented by such Warrant for, and to purchase thereunder,                      shares of Common Stock of PW
EAGLE, INC. and requests that the certificates for such shares be issued in the name of, and be delivered to,
                                        
            , whose address is
                                        
                                        .

  
 The foregoing exercise is (check one): 
  

			
	 ̈	  	Irrevocable
		
	 ̈	  	 conditioned upon the consummation of the transaction described briefly
 below: __________________________________________________________________________________________

		
	 	  	________________________________________________________________________________________________
		
	 	  	_________________________________________________________________________________________________
		
	 	  	_________________________________________________________________________________________________

  
 Dated: 
  

	
	
	 
	(Signature)
	
	 
	(Address)

  

  
 ANNEX B 
  
 EXCHANGE FORM 
  
 [TO BE SIGNED UPON EXCHANGE OF WARRANT] 
  
 TO PW EAGLE, INC. 
  
 The undersigned, being the Holder of the within Warrant, hereby irrevocably
elects to exchange, pursuant to Section 4.2 of the Warrant Agreement referred to in such Warrant, the portion of such Warrant representing the right to purchase
                     shares of Common Stock of PW EAGLE, INC. The undersigned hereby requests that the certificates for the number of shares
of Common Stock issuable in such exchange pursuant to such Section 4.2 be issued in the name of, and be delivered to,
                                        
            , whose address is
                                        
                                        .

  
 The foregoing exchange is (check one): 
  

			
	 ̈	  	Irrevocable
		
	 ̈	  	 conditioned upon the consummation of the transaction described briefly
 below: __________________________________________________________________________________________

		
	 	  	________________________________________________________________________________________________
		
	 	  	_________________________________________________________________________________________________
		
	 	  	_________________________________________________________________________________________________

  
 Dated: 
  

	
	
	 
	(Signature)
	
	 
	(Address)

  

  
 ANNEX C 
  
 ASSIGNMENT FORM 
  
 [TO BE SIGNED ONLY UPON TRANSFER OF WARRANT] 
  
 For value received, the undersigned hereby sells, assigns and transfers unto
                                        
                                     all of the rights represented
by the within Warrant to purchase shares of Common Stock of PW EAGLE, INC. (the “Company”), to which such Warrant relates, and appoints
                                        
                                 Attorney to transfer such Warrant on the books of the
Company, with full power of substitution in the premises. 
  
 Dated: 

 

	
	
	 
	(Signature)
	
	 
	(Address)Common Stock Purchase Warrant No. W-2 dated October 25, 2004

 Exhibit 10.58 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933 OR THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM. IN ADDITION, THE TRANSFER OF THESE SECURITIES IS SUBJECT TO THE
CONDITIONS SPECIFIED IN SECTION 3.3 OF THE WARRANT AGREEMENT DATED AS OF OCTOBER 25, 2004, AS AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BETWEEN THE ISSUER OF THESE SECURITIES AND THE INITIAL HOLDER NAMED THEREIN. NO TRANSFER OF THESE SECURITIES
SHALL BE VALID OR EFFECTIVE UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED. A COPY OF THE WARRANT AGREEMENT IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICE OF THE ISSUER. THE HOLDER OF THIS CERTIFICATE, BY ACCEPTANCE OF THIS
CERTIFICATE, AGREES TO BE BOUND BY THE PROVISIONS OF THE WARRANT AGREEMENT. 
  
 PW EAGLE, INC. 
  

			
	 No. W-2
	  	 Warrant to Purchase
 157,136 Shares
 of Common Stock
 October 25, 2004

  
 COMMON STOCK
PURCHASE WARRANT 
  
 THIS CERTIFIES that, for value received,
Churchill Capital Partners IV, L.P., a Delaware limited partnership (the “Holder”), or assigns, is entitled to purchase from PW Eagle, Inc., a Minnesota corporation (the “Company”), 157,136 shares of
the Common Stock, $.01 par value per share (the “Common Stock”), of the Company, at the price (the “Exercise Price”) of $.01 per share, at any time or from time to time during the period commencing on
the Exercisability Date and ending at the Expiration Time. 
  
 This Warrant has been issued pursuant to the Warrant Agreement (as amended or supplemented from time to time, the “Warrant Agreement”) dated as of October 25, 2004, between the Company and the Initial Holder named
therein, and is subject to the terms and conditions, and the Holder is entitled to the benefits, thereof, including without limitation provisions (i) for adjusting the number of Warrant Shares issuable upon the exercise or exchange hereof and the
Exercise Price to be paid upon such exercise, (ii) providing for certain “put” rights, and (iii) providing certain information and other rights. A copy of the Warrant Agreement is on file and may be inspected at the principal executive
office of the Company. The Holder of this certificate, by acceptance of this certificate, agrees to be bound by the provisions of the Warrant Agreement. Capitalized terms used but not defined herein shall have the meanings given to them in the
Warrant Agreement. 
  

 SECTION 1. Exercise of Warrant. On any Business Day on or after the Exercisability Date but at or
prior to the Expiration Time, the Holder may exercise this Warrant, in whole or in part, by delivering to the Company this Warrant accompanied by a properly completed Exercise Form in the form of Annex A and a check or wire transfer in
an aggregate amount equal to the product obtained by multiplying (a) the Exercise Price, by (b) the number of Warrant Shares being purchased. Any partial exercise of a Warrant shall be for a whole number of Warrant Shares only. 
  
 SECTION 2. Exercise Price and Warrant Shares. The Exercise Price and
the number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as provided in the Warrant Agreement. 
  
 SECTION 3. Exchange of Warrant. On any Business Day on or after the Exercisability Date but at or prior to the Expiration Time, the Holder may
exchange this Warrant, in whole or in part, for Warrant Shares by delivering to the Company this Warrant accompanied by a properly completed Exchange Form in the form of Annex B. The number of shares of Common Stock to be received by
the Holder upon such exchange shall be determined as provided in Section 4.2 of the Warrant Agreement. 
  
 SECTION 4. Transfer. Subject to the limitations set forth in the Warrant Agreement, this Warrant may be transferred, in whole or in part, by the
Holder by delivery to the Company of this Warrant accompanied by a properly completed Assignment Form in the form of Annex C. 
  
 SECTION 5. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the Company will issue a new
Warrant of like denomination and tenor upon compliance with the provisions set forth in the Warrant Agreement. 
  
 SECTION 6. No Stockholder Rights. This Warrant shall not entitle the holder hereof to any voting rights or, except as otherwise provided in the
Warrant Agreement, other rights of a shareholder of the Company, as such. 
  
 SECTION 7. Successors. All of the provisions of this Warrant by or for the benefit of the Company or the Holder shall bind and inure to the benefit of their respective successors and assigns. 
  
 SECTION 8. Headings. Section headings in this Warrant have been
inserted for convenience of reference only and shall not affect the construction of, or be taken into consideration in interpreting, this Warrant. 
  
 SECTION 9. Governing Law. This Warrant shall be governed by and construed in accordance with the laws of the State of Minnesota (without giving
effect to principles of conflicts of laws). 
  

 -2- 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its duly authorized officer and
this Warrant to be dated as of the date first set forth above. 
  

			
	PW EAGLE, INC.
		
	By:	 	 /s/ Dobson West

	 Name:
	 	 Dobson West

	 Title:
	 	 Secretary

  

 -3- 

  
 ANNEX A 
  
 EXERCISE FORM 
  
 [TO BE SIGNED UPON EXERCISE OF WARRANT] 
  
 TO PW EAGLE, INC. 
  
 The undersigned, being the Holder of the within Warrant, hereby elects to
exercise the purchase right represented by such Warrant for, and to purchase thereunder,                      shares of Common Stock of PW
EAGLE, INC. and requests that the certificates for such shares be issued in the name of, and be delivered to,
                                        
            , whose address is
                                        
                                . 
  
 The foregoing exercise is (check one): 
  

			
	 ̈	  	Irrevocable
		
	 ̈	  	 conditioned upon the consummation of the transaction described briefly
 below: __________________________________________________________________________________________

		
	 	  	________________________________________________________________________________________________
		
	 	  	________________________________________________________________________________________________
		
	 	  	________________________________________________________________________________________________

  
 Dated: 
  

	
	
	 
	(Signature)
	
	 
	(Address)

  

  
 ANNEX B 
  
 EXCHANGE FORM 
  
 [TO BE SIGNED UPON EXCHANGE OF WARRANT] 
  
 TO PW EAGLE, INC. 
  
 The undersigned, being the Holder of the within Warrant, hereby irrevocably
elects to exchange, pursuant to Section 4.2 of the Warrant Agreement referred to in such Warrant, the portion of such Warrant representing the right to purchase
                     shares of Common Stock of PW EAGLE, INC. The undersigned hereby requests that the certificates for the number of shares
of Common Stock issuable in such exchange pursuant to such Section 4.2 be issued in the name of, and be delivered to,
                                        
            , whose address is
                                        
                            . 
  
 The foregoing exchange is (check one): 
  

			
	 ̈	  	Irrevocable
		
	 ̈	  	 conditioned upon the consummation of the transaction described briefly
 below: __________________________________________________________________________________________

		
	 	  	________________________________________________________________________________________________
		
	 	  	________________________________________________________________________________________________
		
	 	  	________________________________________________________________________________________________

  
 Dated: 
  

	
	
	 
	(Signature)
	
	 
	(Address)

  

  
 ANNEX C 
  
 ASSIGNMENT FORM 
  
 [TO BE SIGNED ONLY UPON TRANSFER OF WARRANT] 
  
 For value received, the undersigned hereby sells, assigns and transfers unto
                                        
                             all of the rights represented by the within Warrant to purchase shares of
Common Stock of PW EAGLE, INC. (the “Company”), to which such Warrant relates, and appoints
                                        
                                 Attorney to transfer such Warrant on the books of the
Company, with full power of substitution in the premises. 
  
 Dated: 

 

	
	
	 
	(Signature)
	
	 
	(Address)

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