Document:

Second Supplemental Indenture

 Exhibit 4.4 
 SECOND SUPPLEMENTAL INDENTURE 
 dated as of
September 30, 2009 
  
  
 with respect to the: 
 SUPPLEMENTAL INDENTURE 
 Dated as of December 20, 2002 
 among 
 DEL MONTE CORPORATION, as Issuer 
 THE GUARANTORS PARTY HERETO 
 and 
 THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

 SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental
Indenture”), dated as of September 30, 2009, among Del Monte Corporation, a Delaware corporation (formerly known as SKF Foods, Inc.) (the “Company”), the Guarantors party hereto, and The Bank of New York Mellon Trust
Company, N.A., as trustee (the “Trustee”) for the Company’s 8 5/8% Senior Subordinated Notes due 2012 (the “Notes”). 
 W I T
N E S S E T H 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee a Supplemental Indenture (the
“Original Indenture”), dated as of December 20, 2002, providing for the issuance of the Notes, which Original Indenture has been supplemented by a First Supplemental Indenture, dated as of May 19, 2006 (the Original
Indenture as so supplemented, the “Indenture”); 
 WHEREAS, the Company has offered to purchase any and all of
the Notes (the “Offer”) and has solicited consents (the “Solicitation”) to certain amendments to the Indenture pursuant to the Company’s Offer to Purchase and Consent Solicitation Statement dated
September 17, 2009; 
 WHEREAS, Section 9.02 of the Indenture provides that the Company, when authorized by a Board
Resolution, and the Trustee may amend or supplement the Indenture with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes; 
 WHEREAS, in accordance with Section 9.02 of the Indenture, the Company has obtained the written consent to the proposed amendments to
the Indenture from the Holders of at least a majority in aggregate principal amount of the Notes; 
 WHEREAS, the Company is
authorized to enter into this Second Supplemental Indenture by a Board Resolution, and the Trustee has received an Opinion of Counsel and an Officers’ Certificate stating that the execution of this Second Supplemental Indenture is permitted by
the Indenture and all conditions precedent under the Indenture have been satisfied; and 
 Whereas, all actions necessary to
make the Indenture, as supplemented by this Second Supplemental Indenture, the legal, valid and binding obligation of the Company, have been done. 
 NOW, THEREFORE, for and in consideration of the foregoing premises, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 A G R E E M E N T S 
 SECTION 1.01. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
 SECTION 2.01. Amendments to Indenture and Notes. At such time as the Company delivers written notice to the Trustee and Global Bondholder Services Corporation, in its capacity as the
depositary for the Notes with respect to the Offer, that Notes representing at least a majority in aggregate principal amount of the Notes have been validly tendered and not validly withdrawn pursuant to the Offer and accepted for purchase:

 (a) The definition of “Asset Sale” in Section 1.01 of the Indenture shall be amended by deleting the text of
such definition in its entirety and replacing it with the following text: 
 “Asset Sale” means any
direct or indirect sale, issuance, conveyance, transfer, lease (other than operating leases entered into in the ordinary course of business), assignment or other transfer for value by the Company or any of its Restricted Subsidiaries (including any
Sale and Leaseback Transaction) to any Person other than the Company or a Wholly Owned Restricted Subsidiary of the Company of: 
 (a) any Capital Stock of any Restricted Subsidiary of the Company, or 
  

 2 

 (b) any other property or assets of the Company or any Restricted Subsidiary of the
Company other than in the ordinary course of business; provided, however, that Asset Sales shall not include: 
 (i) a transaction or series of related transactions for which the Company or its Restricted Subsidiaries receive aggregate consideration of less than $3 million; 
 (ii) the sale or transfer of Receivables Related Assets in connection with a Qualified Receivables Transaction; and 
 (iii) the sale or transfer of certain assets identified in Schedule 1 to this Indenture as being held for disposition. 

(b) Section 3.01 of the Indenture shall be amended by deleting the text of the second paragraph of Section 3.01 in its entirety
and replacing it with the following text: 
 The Company shall give each notice provided for in this
Section 3.01 at least 3 days but not more than 60 days before the Redemption Date (unless a shorter notice period shall be satisfactory to the Trustee and the Paying Agent, as evidenced in a writing signed on behalf of the Trustee and the
Paying Agent), together with an Officers’ Certificate stating that such redemption complies with the conditions contained herein and in the Notes. 
 (c) Section 3.03 of the Indenture shall be amended by deleting the text of the first paragraph of Section 3.03 in its entirety and replacing it with the following text: 
 At least 3 days but not more than 60 days before a Redemption Date, the Company shall mail or cause to be mailed a notice of
redemption by first class mail, postage prepaid, to each Holder whose Notes are to be redeemed at its registered address, with a copy to the Trustee and any Paying Agent. At the Company’s written request, the Trustee shall give the notice of
redemption in the Company’s name and at the Company’s expense. 
 (d) The following Sections of the Indenture, and any
corresponding provisions in the Notes, shall be deleted in their entirety and replaced with “Intentionally Omitted,” and all references made thereto throughout the Indenture and the Notes shall be deleted in their entirety: 
  

			
	 Existing Section or
Subsection Number
	  	 Caption

	SECTION 4.03	  	Corporate Existence
	SECTION 4.04	  	Payment of Taxes and Other Claims
	SECTION 4.05	  	Maintenance of Properties and Insurance
	SECTION 4.07	  	Compliance with Laws
	SECTION 4.09	  	Waiver of Stay, Extension or Usury Laws
	SECTION 4.10	  	Limitation on Restricted Payments
	SECTION 4.11	  	Limitation on Transactions with Affiliates
	SECTION 4.12	  	Limitation on Incurrence of Additional Indebtedness
	SECTION 4.13	  	Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries
	SECTION 4.14	  	Prohibition on Incurrence of Senior Subordinated Debt
	SECTION 4.17	  	Limitation on Preferred Stock of Restricted Subsidiaries

  

 3 

			
	SECTION 4.18	  	Limitation on Liens
	SECTION 4.20	  	Restriction of Lines of Business to Food, Food Distribution and Related Businesses
	SECTION 5.01	  	Merger, Consolidation and Sale of Assets of the Company
	SECTION 5.03	  	Merger, Consolidation and Sale of Assets of Holdings
	SECTION 5.05	  	Merger, Consolidation and Sale of Assets of Subsidiary Guarantors

 (e) Section 4.06 of the Indenture shall be amended by deleting the text of such
Section in its entirety and replacing it with the following text: 
 SECTION 4.06. Compliance Certificate;
Notice of Default. 
 The Company shall deliver to the Trustee not less often than annually an Officers’
Certificate stating that as to each such Officer’s knowledge the Company has complied with all conditions and covenants under this Indenture. 
 (f) Section 4.08 of the Indenture shall be amended by deleting the text of such Section in its entirety and replacing it with the following text: 
 SECTION 4.08. SEC Reports. 
 The Company will comply with the provisions of TIA Section 314(a). 
 (g) Section 4.16 of the Indenture shall be amended by deleting the text of such Section in its entirety and replacing it with the
following text: 
 SECTION 4.16. Limitation on Asset Sales. 
 (a) In the event and to the extent that the Net Cash Proceeds received by the Company or any of its Restricted
Subsidiaries from one or more Asset Sales occurring on or after the Merger Date in any period of 12 consecutive months exceed 10% of Consolidated Net Tangible Assets (determined as of the date closest to the commencement of such 12-month period for
which a consolidated balance sheet of the Company and its Subsidiaries has been prepared), then the Company shall or shall cause the relevant Restricted Subsidiary, within 360 days after the date Net Cash Proceeds so received exceed 10% of
Consolidated Net Tangible Assets, to apply such excess Net Cash Proceeds: 
 (i) to prepay any Senior Debt
or any Guarantor Senior Debt of a Subsidiary Guarantor and, in the case of any prepaid Senior Debt or Guarantor Senior Debt under any revolving credit facility, effect a permanent reduction in the availability under such revolving credit facility,
or to so prepay any Indebtedness of a Wholly Owned Restricted Subsidiary, 
 (ii) to make an Investment (or
enter into a definitive agreement committing to so invest within 360 days after the date of such agreement and to make such Investment as provided in such agreement) in properties and assets that replace the properties and assets that were the
subject of such Asset Sale or in properties and assets that will be used in the business of the Company and its Restricted Subsidiaries as it exists on the date of such Asset Sale or in

  

 4 

 
businesses that are the same as such business of the Company and its Restricted Subsidiaries on the date of such Asset Sale or similar or reasonably related thereto (“Replacement
Assets”), or 
 (iii) a combination of prepayment and investment permitted by the foregoing clauses
(i) and (ii). 
 Pending the final application of such Net Cash Proceeds, the Company may temporarily reduce borrowings
under the Credit Agreement or any other revolving credit facility, if any, or otherwise invest such Net Cash Proceeds in Cash Equivalents, in each case in a manner not prohibited by this Indenture. Subject to the last sentence of this paragraph, on
the 361st day after an Asset Sale or such earlier date, if any, as the Board of Directors of the Company or of such Restricted Subsidiary determines not to apply the Net Cash Proceeds relating to such Asset Sale as set forth in clause (i),
(ii) or (iii) of the second preceding sentence (each, a “Net Proceeds Offer Trigger Date”), such aggregate amount of Net Cash Proceeds which have not been applied (or committed to be applied pursuant to a definitive agreement as
described above) on or before such Net Proceeds Offer Trigger Date as permitted in clauses (i), (ii) and (iii) of the second preceding sentence (each a “Net Proceeds Offer Amount”) shall be applied by the Company or such
Restricted Subsidiary to make an offer to purchase (the “Net Proceeds Offer”) on a date (the “Net Proceeds Offer Payment Date”) not less than 30 nor more than 60 days following the applicable Net Proceeds Offer Trigger Date, from
all Holders (and, if required by the terms of any other Indebtedness of the Company ranking pari passu with the Notes in right of payment and which has similar provisions requiring the Company either to make an offer to repurchase or to otherwise
repurchase, redeem or repay such Indebtedness with the proceeds from Asset Sales (the “Pari Passu Indebtedness”), from the holders of such Pari Passu Indebtedness) on a pro rata basis (in proportion to the respective principal amounts or
accreted value, as the case may be, of the Notes and any such Pari Passu Indebtedness) an aggregate principal amount of Notes (plus, if applicable, an aggregate principal amount or accreted value, as the case may be, of Pari Passu Indebtedness)
equal to the Net Proceeds Offer Amount at a price equal to 100% of the principal amount of the Notes (or 100% of the principal amount or accreted value, as the case may be, of such Pari Passu Indebtedness), plus accrued and unpaid interest thereon,
if any, to the date of purchase; provided, however, that if at any time any non-cash consideration (including any Designated Noncash Consideration) received by the Company or any Restricted Subsidiary of the Company, as the case may be, in
connection with any Asset Sale is converted into or sold or otherwise disposed of for cash (other than interest received with respect to any such non-cash consideration), then such conversion or disposition shall be deemed to constitute an Asset
Sale hereunder and the Net Cash Proceeds thereof shall be applied in accordance with this covenant. The Company may defer the Net Proceeds Offer until there is an aggregate unutilized Net Proceeds Offer Amount equal to or in excess of $10 million
resulting from one or more Asset Sales (at which time the entire unutilized Net Proceeds Offer Amount, and not just the amount in excess of $10 million, shall be applied as required pursuant to this paragraph, and in which case the Net Proceeds
Offer Trigger Date shall be deemed to be the earliest date that the Net Proceeds Offer Amount is equal to or in excess of $10 million). 
 In the event of the transfer of substantially all (but not all) of the property and assets of the Company and its Restricted Subsidiaries as an entirety to a Person in a transaction permitted under the
covenant described under Section 5.01, the successor corporation shall be deemed to have sold the

  

 5 

 
properties and assets of the Company and its Restricted Subsidiaries not so transferred for purposes of this covenant, and shall comply with the provisions of this covenant with respect to such
deemed sale as if it were an Asset Sale. In addition, the fair market value of such properties and assets of the Company or its Restricted Subsidiaries deemed to be sold shall be deemed to be Net Cash Proceeds for purposes of this covenant.

 Each Net Proceeds Offer will be mailed to the record Holders as shown on the register of Holders within 25
days following the Net Proceeds Offer Trigger Date, with a copy to the Trustee, and shall comply with the procedures set forth in this Indenture. Upon receiving notice of the Net Proceeds Offer, Holders may elect to tender their Notes in whole or in
part in integral multiples of $1,000 in exchange for cash. 
 To the extent that the aggregate principal amount
of Notes (plus, if applicable, the aggregate principal amount or accreted value, as the case may be, of Pari Passu Indebtedness) validly tendered by the holders thereof and not withdrawn exceeds the Net Proceeds Offer Amount, Notes of tendering
Holders (and, if applicable, Pari Passu Indebtedness tendered by the holders thereof) will be purchased on a pro rata basis (based on the principal amount of the Notes and, if applicable, the principal amount or accreted value, as the case may be,
of any such Pari Passu Indebtedness tendered and not withdrawn). To the extent that the aggregate amount of the Notes (plus, if applicable, the aggregate principal amount or accreted value, as the case may be, of any Pari Passu Indebtedness)
tendered pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer Amount, the Company may use such excess Net Proceeds Offer Amount for general corporate purposes or for any other purpose not prohibited by the Indenture. Upon completion
of any such Net Proceeds Offer, the Net Proceeds Offer Amount shall be reset at zero. A Net Proceeds Offer shall remain open for a period of 20 Business Days or such longer period as may be required by law. 
 (b) Each notice of a Net Proceeds Offer pursuant to this Section 4.16 shall be mailed by first class mail, by the
Company within 25 days following the Net Proceeds Offer Trigger Date to all Holders at their last registered addresses as of a date within 15 days of the mailing of such notice, with a copy to the Trustee and each Paying Agent. The notice shall
contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Net Proceeds Offer and shall state the following terms: 
 (i) that the Net Proceeds Offer is being made pursuant to Section 4.16 and that all Notes tendered will be
accepted for payment; provided however, that if the aggregate principal amount of Notes tendered in a Net Proceeds Offer exceeds the aggregate amount of the Net Proceeds Offer, the Company shall select the Notes to be purchased on a pro rata basis
(with such adjustments as may be deemed appropriate by the Company so that only Notes in denominations of $1,000 or multiples thereof shall be purchased); 
 (ii) the purchase price (including the amount of accrued interest) and the purchase date (which shall be 20 Business Days from the date of mailing of notice of such Net Proceeds Offer, or such longer
period as required by law) (the “Proceeds Purchase Date”); 
 (iii) that any Note not tendered
will continue to accrue interest; 
  

 6 

 (iv) that, unless the Company defaults in making payment therefor, any
Note accepted for payment pursuant to the Net Proceeds Offer shall cease to accrue interest after the Proceeds Purchase Date; 
 (v) that Holders electing to have a Note purchased pursuant to a Net Proceeds Offer will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on
the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Proceeds Purchase Date; 
 (vi) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than five
Business Days prior to the Proceeds Purchase Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Notes the Holder delivered for purchase and a statement that such Holder is
withdrawing his election to have such Note purchased; and 
 (vii) that Holders whose Notes are purchased
only in part will be issued new Notes in a principal amount equal to the unpurchased portion of the Notes surrendered; provided that each Note purchased and each new Note issued shall be in an original principal amount of $1,000 or integral
multiples thereof. 
 On or before the Proceeds Purchase Date, the Company shall (i) accept for payment
Notes or portions thereof tendered pursuant to the Net Proceeds Offer which are to be purchased in accordance with item (b)(i) above, (ii) deposit with the Paying Agent U.S. Legal Tender sufficient to pay the purchase price plus accrued
interest, if any, of all Notes to be purchased and (iii) deliver to the Paying Agent Notes so accepted together with an Officers’ Certificate stating the Notes or portions thereof being purchased by the Company. The Paying Agent shall
promptly mail to the Holders of Notes so accepted payment in an amount equal to the purchase price plus accrued interest, if any. 
 The Company or the applicable Restricted Subsidiary, as the case may be, will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to
the extent such laws and regulations are applicable in connection with the repurchase of Notes pursuant to a Net Proceeds Offer. To the extent that the provisions of any securities laws or regulations conflict with this Section 4.16, the
Company or such Restricted Subsidiary shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 4.16 by virtue thereof. 
 Notwithstanding the foregoing, the Company and its Restricted Subsidiaries will be permitted to consummate an Asset Swap if:

 (i) at the time of entering into such Asset Swap or immediately after giving effect to such Asset Swap,
no Default or Event of Default shall have occurred or be continuing or would occur as a consequence thereof, and 
 (ii) in the event that such Asset Swap involves an aggregate amount in excess of $10 million, the terms of such Asset Swap have been approved by a majority of the members of the Board of Directors of the Company. 
  

 7 

 (h) Subclauses (3), (4), and (5) of Section 6.01 of the Indenture, and any
corresponding provisions in the Notes, shall be deleted in their entirety and replaced with “Intentionally Omitted,” and all references made thereto throughout the Indenture and the Notes shall be deleted in their entirety 
 (i) All references made to a provision in the Indenture or the Notes deleted pursuant to the amendments set forth in Subsections
(a) through (h) of this Section 2.01 shall be deleted in their entirety from the Indenture and the Notes, and any definitions used exclusively in the provisions of the Indenture deleted pursuant to the amendments set forth in
Subsections (a) through (h) of this Section 2.01 shall be deleted in their entirety from the Indenture. The applicable provisions of the Notes, including without limitation Section 7 thereof, shall be deemed amended to reflect
the amendments to the corresponding provisions of the Indenture that are amended pursuant to Subsections (a) through (h) hereof. 
 SECTION 3.01. The Indenture Ratified. Except as hereby otherwise expressly provided, the Indenture is in all respects ratified and confirmed, and all the terms, provisions, and conditions thereof
shall be and remain in full force and effect. 
 SECTION 4.01. Counterparts. This Second Supplemental Indenture
may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
 SECTION 5.01. This Second Supplemental Indenture is a Supplement to The Indenture. This Second Supplemental Indenture is executed as and shall constitute an indenture supplemental to the
Indenture and shall be construed in connection with and as part of the Indenture. 
 SECTION 6.01. Governing Law.
THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS SECOND SUPPLEMENTAL INDENTURE. 
 SECTION 7.01. References to This Second
Supplemental Indenture. Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this Second Supplemental Indenture may refer to the Indenture without making specific
reference to this Second Supplemental Indenture, but nevertheless all such references shall include this Second Supplemental Indenture unless the context otherwise requires. 
 SECTION 8.01. Effect of This Second Supplemental Indenture. The Indenture shall be deemed to be modified as herein provided,
but except as modified hereby, the Indenture shall continue in full force and effect. The Indenture as modified hereby shall be read, taken, and construed as one and the same instrument. 
 SECTION 9.01. Severability. In the event that any provisions of this Second Supplemental Indenture shall be invalid, illegal,
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 10.01. Trust Indenture Act. If any provisions hereof limit, qualify, or conflict with any provisions of the TIA required under the TIA to be a part of and govern this Second
Supplemental Indenture, the provisions of the TIA shall control. If any provision hereof modifies or excludes any provision of the TIA that pursuant to the TIA may be so modified or excluded, the provisions of the TIA as so modified or excluded
hereby shall apply. 
  

 8 

 SECTION 11.01. Trustee Not Responsible for Recitals. The recitals contained
herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture. 
 SECTION 12.01 Effectiveness. This Second Supplemental Indenture shall become effective upon execution by the Company, the
Guarantors party hereto, and the Trustee. 
 [Signature page follows] 
  

 9 

 IN WITNESS WHEREOF, each of the parties hereto have caused this Second Supplemental
Indenture to be duly executed on its behalf by its duly authorized officer as of the day and year first above written. 
  

					
	ISSUER:
	
	DEL MONTE CORPORATION
		
	By:	 	 /s/ Richard L. French

	Name:	 	Richard L. French
	Title:	 	Senior Vice President, Treasurer, Chief Accounting Officer and Controller
	
	GUARANTORS:
	
	DEL MONTE FOODS COMPANY
		
	By:	 	 /s/ Richard L. French

	Name:	 	Richard L. French
	Title:	 	Senior Vice President, Treasurer, Chief Accounting Officer and Controller
	
	THE MEOW MIX COMPANY, LLC
		
	By:	 	DEL MONTE CORPORATION, its sole member
			
		 	By:	 	 /s/ Richard L. French

		 	Name:	 	Richard L. French
		 	Title:	 	Senior Vice President, Treasurer, Chief Accounting Officer and Controller
	
	MEOW MIX DECATUR PRODUCTION I LLC
		
	By:	 	DEL MONTE CORPORATION, its sole member
			
		 	By:	 	 /s/ Richard L. French

		 	Name:	 	Richard L. French
		 	Title:	 	Senior Vice President, Treasurer, Chief Accounting Officer and Controller
	
	TRUSTEE:
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	 /s/ Melonee Young

	Name:	 	Melonee Young
	Title:	 	Vice President

  

 [Signature Page to Second Supplemental Indenture]Amendment No. 10 to the Credit Agreement

 Exhibit 10.93.9 
 EXECUTION VERSION 
 AMENDMENT NO. 10 AND WAIVER TO
THE CREDIT AGREEMENT 
 Dated as of September 30, 2009 
 AMENDMENT NO. 10 AND WAIVER TO THE CREDIT AGREEMENT (this “Amendment”) among Headwaters Incorporated, a Delaware
corporation (the “Borrower”), the Lenders (as defined in the Credit Agreement referred to below), Morgan Stanley & Co. Incorporated, as collateral agent (the “Collateral Agent”), and Morgan
Stanley Senior Funding, Inc. (“Morgan Stanley”), as administrative agent (the “Administrative Agent”; together with the Collateral Agent, the “Agents”). 
 PRELIMINARY STATEMENTS: 
 (1) The Borrower, certain financial institutions and other persons from time to time parties thereto (collectively, the “Lenders”), the Agents, JPMorgan Chase Bank, N.A. (as successor to JPMorgan Chase Bank), as
syndication agent, and Morgan Stanley and J.P. Morgan Securities Inc., as joint lead arrangers and joint bookrunners, have entered into that certain Credit Agreement dated as of September 8, 2004 (as amended and modified pursuant to consents
dated November 6, 2004 and December 16, 2004, Amendment No. 2 to the Credit Agreement dated March 14, 2005, Amendment No. 3 to the Credit Agreement dated May 19, 2005, Amendment No. 4 to the Credit Agreement dated
October 26, 2005, Amendment No. 5 to the Credit Agreement dated June 27, 2006, Amendment No. 6 to the Credit Agreement dated August 30, 2006, Amendment No. 7 to the Credit Agreement dated January 12, 2007,
Amendment No. 8 to the Credit Agreement dated August 15, 2008 and Amendment No. 9 and Waiver to the Credit Agreement dated as of June 26, 2009 and as modified by the Revolving Loan Extension and Commitment Reduction Agreement
dated as of September 2, 2009, the “Credit Agreement”; capitalized terms used herein but not defined shall be used herein as defined in the Credit Agreement). 
 (2) The Borrower, the Agents and the Required Lenders have agreed, subject to the terms and conditions hereinafter set forth, to amend the
Credit Agreement in certain additional respects as set forth below. 
 NOW, THEREFORE, in consideration of the premises and for
other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto hereby agree as follows: 
 SECTION 1. Amendment of Credit Agreement and the Pledge and Security Agreement. The Credit Agreement and pursuant to Section 1(m) the Pledge and Security Agreement are, effective as of the
date hereof and subject to the satisfaction of the conditions precedent set forth in Section 4 below, hereby amended as follows: 
 (a) Section 1.1 of the Credit Agreement is amended by adding in the appropriate alphabetical order the following new definitions: 
 “Term Loan Priority Accounts” means any deposit accounts or securities accounts that are intended to solely contain
identifiable proceeds of the Term Loan Priority Collateral (it being understood that any property in such deposit accounts or securities accounts which is not identifiable proceeds of Term Loan Priority Collateral shall not be Term Loan Priority
Collateral solely by virtue of being on deposit in any such deposit account or securities account); in each case with such immaterial

  

 Headwaters – Amendment No. 10 to the Credit Agreement 

 
modifications to the foregoing as may be acceptable to Ropes & Gray LLP as counsel to certain of the Term B1 Lenders. 
 “Term Loan Priority Collateral” means all Collateral other than ABL Priority Collateral including, for the
avoidance of doubt, the following (further including for the avoidance of doubt, any such assets that, but for the application of Section 552 of the Federal bankruptcy code would be Term Loan Priority Collateral): (a) all equipment,
fixtures, real property, intellectual property and investment property (other than any Investment Property included in clauses (d) and (g) of the definition of ABL Priority Collateral); (b) except to the extent constituting ABL
Priority Collateral, all instruments, documents and general intangibles, (c) all commercial tort claims, (d) any business interruption insurance or key person life insurance, (e) all other Collateral, other than the ABL Priority
Collateral and proceeds thereof, and (f) all collateral security and guarantees with respect to the foregoing, and all cash, money, insurance proceeds, instruments, securities, financial assets and deposit accounts received as proceeds of any
Collateral, other than the ABL Priority Collateral (including proceeds of the ABL Priority Collateral); in each case with such immaterial modifications to the foregoing as may be acceptable to Ropes & Gray LLP as counsel to certain of the
Term B1 Lenders. 
 (b) The definition of “ABL Priority Collateral” contained in Section 1.1 to
the Credit Agreement is amended in full to read as follows: 
 “ABL Priority Collateral” means
(a) all accounts receivable and inventory owned by the Borrower and its Subsidiaries (other than accounts receivable which constitute identifiable proceeds of Term Loan Priority Collateral), (b) all deposit accounts (other than Term Loan
Priority Accounts) of the Borrower and its Subsidiaries, except for those which may be excluded pursuant to the ABL Facility Documents (“Excluded Deposit Accounts”); provided, however, that to the extent that identifiable proceeds of Term
Loan Priority Collateral are deposited in any such deposit accounts, such identifiable proceeds shall be treated as Term Loan Priority Collateral, (c) all support obligations in respect of the accounts receivable described in clause (a),
including letters of credit and guaranties issued in support of accounts receivable or proceeds of collateral; provided, that to the extent any of the foregoing also relates to Term Loan Priority Collateral only that portion related to the items
referred to in clause (a) shall be included in the ABL Priority Collateral, (d) all securities accounts of the Borrower and its Subsidiaries, except for those which may be excluded pursuant to the ABL Facility Documents (“Excluded
Security Accounts”) to the extent the cash or Cash Equivalent Investments contained therein were derived from accounts receivable, inventory or deposit accounts described in clauses (a) and (b); provided, however, that to the extent that
identifiable proceeds of Term Loan Priority Collateral are deposited in any such securities accounts, such identifiable proceeds shall be treated as Term Loan Priority Collateral, (e) all certificates of title, documents or instruments
evidencing ownership or title to any inventory described in clauses (a) and (g); provided, that to the extent any of the foregoing also relates to Term Loan Priority Collateral, only that portion related to the items referred to in clauses
(a) and (g) shall be included in the ABL Priority Collateral, (f) all monies, whether or not in the possession of any agent for the ABL Facility, a lender under the ABL Facility, a bailee or Affiliate of such agent or lender that were
derived from or consist of any of the Property described in this definition of ‘ABL Priority Collateral’, (g) all accessions to, substitutions for, and all replacements, products, and cash and non-cash

  

 2 
 Headwaters – Amendment No. 10 to the Credit Agreement 

 
proceeds of the foregoing, including proceeds of and unearned premium with respect to insurance policies and claims against any Person for loss, damage or destruction of any of the Property
described in this definition of ‘ABL Priority Collateral’, and (h) all books and records (including customer lists, files, correspondence, tapes, computer programs, print-outs and computer records) pertaining to any of the Property
described in this definition of ‘ABL Priority Collateral’; provided, that to the extent any of the foregoing also relates to Term Loan Priority Collateral, only that portion related to the items referred to in clauses (a) through
(g) shall be included in the ABL Priority Collateral; in each case with such immaterial modifications to the foregoing as may be acceptable to Ropes & Gray LLP as counsel to certain of the Term B1 Lenders. 
 (c) The definition of “Consolidated EBITDA” contained in Section 1.1 of the Credit Agreement is amended by
replacing the words “at any time that Section 6.21.1(b) is in effect” where they appear in clause (iii) immediately before the proviso thereto with the following: “at any time after the Amendment No. 9 Effective
Date”. 
 (d) The definition of “Revolving Loan Termination Date” contained in Section 1.1 of
the Credit Agreement is amended by substituting for the date “September 30, 2009” where it appears in clause (a) thereof the date “October 30, 2009.” 
 (e) Section 2.2(e) of the Credit Agreement is amended by deleting the last sentence thereof. 
 (f) Section 2.5.4 of the Credit Agreement is amended by deleting the parenthetical at the end thereof. 
 (g) Section 6.18 of the Credit Agreement is amended by restating clause (y) thereof in its entirety to read as
follows: “(y) under the ABL Loan Agreement, so long as the terms of such encumbrance or restriction permit the creation or assumption of Liens securing the Obligations of the Borrower and its Subsidiaries under this Agreement and do not
restrict the making of distributions to the Borrower for the making of payments of the Obligations under this Agreement that are required hereunder, other than restrictions on the use of ABL Priority Collateral that are provided for under the
Intercreditor Agreement”. 
 (h) Section 6.20 of the Credit Agreement is amended as follows:

 (i) the heading of such Section is amended and restated in its entirety to read as follows:
“Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents; Amendments to ABL Facility Documents.”; 
 (ii) the figure “(a)” is inserted immediate after such heading; and 
 (iii) a new sub-clause (b) is added to such Section, to read as follows: 
 “(b) The Borrower will not, and will not permit any Subsidiary to, amend, amend and restate, supplement or otherwise modify, or consent to or suffer to occur the amendment, amendment and restatement,
supplementation or other modification of, any ABL Facility Document, other than as permitted by the terms of the Intercreditor Agreement.” 
 (i) Section 6.32 of the Credit Agreement is amended by restating clause (v) thereof in its entirety to read as follows: “(v) under the ABL Loan Agreement, so long as the terms of such

  

 3 
 Headwaters – Amendment No. 10 to the Credit Agreement 

 
prohibitions or conditions on the creation or assumption of Liens permit the creation or assumption of Liens securing the Obligations of the Borrower and its Subsidiaries under this
Agreement and do not restrict the making of distributions to the Borrower for the making of payments of the Obligations under this Agreement that are required hereunder, other than restrictions on the use of ABL Priority Collateral that are provided
for under the Intercreditor Agreement”. 
 (j) A new Section 6.34 is added to the Credit Agreement, to
read as follows: 
 “6.34 Amendments to Conform to ABL Facility Documents. In the event that any
covenant or event of default provided under the ABL Facility Documents is more restrictive to the Borrower and its Subsidiaries than the covenants and events of default under the Credit Agreement, including, without limitation, financial covenants,
the ABL Facility Documents shall permit, and the Borrower shall execute and deliver upon the closing under the ABL Facility Documents, or promptly thereafter, but in no event more than 20 days following such closing, an amendment to the Credit
Agreement providing for the addition of any such additional or more restrictive covenants or events of default.” 
 (k) Section 7.3 of the Credit Agreement is amended by substituting for the words “and 6.32” where they appear at the end thereof the following: “, 6.32 and 6.34.” 
 (l) Section 9.6(i) is amended by substituting for the figure “100,000” where it appears therein the figure
“200,000”. 
 (m) Section 3.1.2 of the Pledge and Security Agreement is amended by inserting at
the end thereof immediate before the period the words “, subject to Liens permitted by Section 6.15 of the Credit Agreement”. 
 SECTION 2. Waiver. Subject to the satisfaction of the applicable conditions precedent set forth in Section 4, including the effectiveness of Section 1(d) of this Amendment, the Required
Lenders, effective from and after the Amendment Effective Date (as defined in Section 4), hereby waive, solely for the period commencing on the date hereof through the date (the “Waiver Termination Date”) that is five
(5) days after the Revolving Loan Termination Date as amended hereby, the requirements of Section 6.21.1 of the Credit Agreement with respect to the fiscal quarter ending on September 30, 2009 (the “Waived
Requirements”). On the Waiver Termination Date, the foregoing waiver shall cease to be in effect, without any further action by the Administrative Agent and the Lenders, and all of the terms and provisions set forth in the Credit
Agreement with respect to the Waived Requirements and not cured prior to the Waiver Termination Date shall have the same force and effect as if this Amendment had not been entered into by the parties hereto, and the Administrative Agent and the
Lenders shall have all of the rights and remedies afforded to them under the Loan Documents with respect to any such terms and provisions as though no waiver had been granted by them hereunder. 
 SECTION 3. Reduction of Revolving Credit Commitments. The Borrower hereby notifies the Administrative Agent that it wishes to reduce
the Aggregate Revolving Loan Commitment to an aggregate amount of $25,000,000 pursuant to Section 2.5.2 of the Credit Agreement. In addition, the Credit Agreement is hereby amended by adding a new Section 2.2(f) thereto, to read as
follows: 
 “(f) In the event that the Borrower receives any tax refund, rebate or similar tax receipt prior to the
Revolving Loan Termination Date, the Borrower shall apply the aggregate amount of all such refunds, rebates or other receipts, up to a maximum aggregate amount of $5,000,000, to prepay the Revolving Loans (and shall concurrently pay all accrued
interest and fees on the amount so prepaid).

  

 4 
 Headwaters – Amendment No. 10 to the Credit Agreement 

 
Upon any such prepayment, the Aggregate Revolving Loan Commitment shall be automatically and permanently reduced by an amount equal to the principal amount so prepaid.” 
 SECTION 4. Conditions to Effectiveness. This Amendment and the amendments contained herein shall become effective as of the date
hereof (the “Amendment Effective Date”) when each of the conditions set forth in this Section 4 to this Amendment shall have been fulfilled to the satisfaction of the Administrative Agent. 
 (a) Execution of Counterparts; Other Amendment Provisions. 
 (i) In the case of all provisions of this Amendment other than Sections 1(d), 2 and 3, the Administrative Agent shall have
received counterparts of this Amendment, duly executed and delivered on behalf of the Borrower and the Required Lenders (or, as to any of the foregoing parties, advice reasonably satisfactory to the Administrative Agent that such party has executed
a counterpart of this Amendment); 
 (ii) in the case of Section 1(d) of this Amendment, Section 1
shall have become effective and the Administrative Agent shall have received counterparts of this Amendment, duly executed and delivered on behalf of the each Lender that holds a Revolving Loan or a Revolving Loan Commitment (or, as to any of the
foregoing parties, advice reasonably satisfactory to the Administrative Agent that such party has executed a counterpart of this Amendment); and 
 (iii) in the case of Sections 2 and 3 of this Amendment, Section 1(d) shall have become effective. 
 (b) Guarantor Consent. The Administrative Agent shall have received the Consent attached as Exhibit A hereto duly executed by each of the Guarantors. 
 (c) Payment of Fees and Expenses; Retainer. The Borrower shall have paid (i) an amendment fee to the
Administrative Agent for the account of each Lender equal to (A) 10 basis points calculated on the outstanding principal amounts of such Lender’s outstanding Term B1 Loans (after giving effect to all payments of Term B1 Loans made on or
before the Amendment Effective Date) and (B) 20 basis points calculated on the outstanding principal amounts of such Lender’s outstanding Revolving Loans and Revolving Loan Commitments, taken as a whole but without duplication (and after
giving effect to all payments of Revolving Loans made, and all reductions of the Revolving Loan Commitments effected, on or before the Amendment Effective Date), in each case that executes and delivers this Amendment at or before 5.00 P.M. (New York
City time) on September 29, 2009, (ii) all reasonable expenses (including the reasonable fees and expenses of Shearman & Sterling LLP) incurred in connection with the preparation, negotiation and execution of this Amendment and
other matters relating to the Credit Agreement (including, without limitation, filing fees in connection with the perfection of any security interests) from and after the last invoice to the extent invoiced, and (iii) a $100,000 retainer (which
is in addition to the retainer paid pursuant to Amendment No. 9) to Ropes & Gray LLP as counsel to certain of the Term B1 Lenders. 
 (d) No Default. (i) There shall exist no Default or Unmatured Default under the Credit Agreement as amended hereby and no Default or Unmatured Default would result from this Amendment and
(ii) the representations and warranties contained in Article V of the Credit Agreement shall be true and correct in all material respects as of the Amendment Effective Date before and after giving effect to this Amendment except to the extent
any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or

  

 5 
 Headwaters – Amendment No. 10 to the Credit Agreement 

 
warranty shall have been true and correct on and as of such earlier date, and the Administrative Agent shall have received a certificate from a responsible officer of the Borrower as to the
satisfaction of the conditions in clauses (i) and (ii). 
 (e) The Borrower shall have applied the Net Cash
Proceeds of its September 22, 2009 issuance of Equity Interests to prepay the Term Loans. 
 SECTION 5. Confirmation of
Representations and Warranties. Each of the Credit Parties hereby represents and warrants, on and as of the date hereof, that (a) the representations and warranties contained in the Credit Agreement are correct and true in all material
respects on and as of the date hereof, before and after giving effect to this Amendment, as though made on and as of the date hereof, other than any such representations or warranties that, by their terms, refer to a specific date and (b) no
Default or Unmatured Default has occurred and is continuing, or would occur as a result of the transactions contemplated by this Amendment. 
 SECTION 6. Reference to and Effect on the Loan Documents. (a) On and after the Amendment Effective Date, each reference in the Credit Agreement to “hereunder”,
“hereof” or words of like import referring to the Credit Agreement, and each reference in the other transaction documents to the “Credit Agreement”, “thereunder”, “thereof” or words
of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified by this Amendment. 
 (b) The Credit Agreement, the Pledge and Security Agreement, the Notes and each of the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and
effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of
the Credit Parties under the Loan Documents, in each case as amended by this Amendment. 
 (c) The execution,
delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of
any of the Loan Documents. 
 SECTION 7. Release. Although each Lender and each Agent regards its conduct as proper and
does not believe that the Borrower or any Guarantor (each, a “Loan Party” and the Borrower and the Guarantors collectively, the “Loan Parties”) has any claim, right, cause of action, offset or defense against such Lender, such
Agent or any other Lender in connection with the execution, delivery, performance and ongoing administration of, or the transactions contemplated by, the Credit Agreement and the other Loan Documents, each Lender, each Agent and each Loan Party
agree that any past conduct, conditions, acts, omissions, events, circumstances or matters of any kind whatsoever will not impair or otherwise affect any rights, interests, contracts or remedies of the Lenders or the Agents. Therefore, each Loan
Party, on behalf of itself and its employees, agents, officers, directors, representatives, predecessors, successors, transferees and assigns, unconditionally, freely, voluntarily and, after consultation with counsel and becoming fully and
adequately informed as to the relevant facts, circumstances and consequences, knowingly releases, waives and forever discharges (and further agrees not to allege, claim or pursue) (a) any and all liabilities, indebtedness and obligations,
whether known or unknown, of any kind whatsoever of any Lender to any Loan Party, except for any obligations to be respectively performed by the Lenders as expressly set forth in this Amendment, the Credit Agreement and the other Loan Documents
after the Amendment Effective Date, (b) any legal, equitable or other obligations of any kind whatsoever, whether known

  

 6 
 Headwaters – Amendment No. 10 to the Credit Agreement 

 
or unknown, of any Lender to any Loan Party (and any rights of any Loan Party against any Lender) other than any such obligations expressly set forth in this Amendment, the Credit Agreement and
the other Loan Documents to be performed after the Amendment Effective Date, (c) any and all claims, whether known or unknown, under any oral or implied agreement with (or obligation or undertaking of any kind whatsoever of) any Lender which is
different from or in addition to the express terms of this Amendment, the Credit Agreement and the other Loan Documents and (d) all other claims, rights, causes of action, counterclaims or defenses of any kind whatsoever, in contract or in
tort, in law or in equity, whether known or unknown, direct or derivative, which such Loan Party or any predecessor, successor or assign might otherwise have or may have against any Lender on account of any conduct, condition, act, omission, event,
contract, liability, obligation, demand, covenant, promise, indebtedness, claim, right, cause of action, suit, damage, defense, circumstance or matter of any kind whatsoever which existed, arose or occurred at any time prior to the Amendment
Effective Date. 
 SECTION 8. Execution in Counterparts. This Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Amendment by facsimile shall be effective as delivery of a manually executed original counterpart of this Amendment. 
 SECTION 9. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, and shall be subject to the jurisdictional and service provisions
of the Credit Agreement, as if this were a part of the Credit Agreement. 
 SECTION 10. Entire Agreement; Modification.
This Amendment constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, there being no other agreements or understandings, oral, written or otherwise, respecting such subject matter, any such agreement or
understanding being superseded hereby, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, and may not be amended, extended or otherwise modified, except in a writing executed in whole or
in counterparts by each party hereto. 
 [SIGNATURE PAGES FOLLOW] 
  

 7 
 Headwaters – Amendment No. 10 to the Credit Agreement 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	HEADWATERS INCORPORATED,
		 	as Borrower
		
	By:	 	 /s/    Steven G. Stewart

	Title:	 	CFO
	
	MORGAN STANLEY SENIOR FUNDING, INC.,
		 	as Administrative Agent, Swing Line Lender and as a Lender
		
	By:	 	 /s/    Stephen B. King

	Title:	 	V.P.
	
	MORGAN STANLEY & CO. INCORPORATED,
		 	as Collateral Agent
		
	By:	 	 /s/    Stephen B. King

	Title:	 	Executive Director
	
	[And other Lenders]

  

 Headwaters – Amendment No. 10 to the Credit Agreement 

 EXHIBIT A 
 CONSENT 
 Dated as of September 30, 2009 
 Reference is made to the Credit Agreement referred to in the foregoing Amendment No. 10 and Waiver to the Credit Agreement (the
“Amendment”; capitalized terms used herein and not defined being used herein as defined in the Credit Agreement). Each of the undersigned, in its capacity as a Guarantor under the Guaranty Agreement and as a Grantor under the
Pledge and Security Agreement, hereby (i) consents to the execution, delivery and performance of the Amendment and agrees that each of the Guaranty Agreement and the Pledge and Security Agreement is, and shall continue to be, in full force and
effect and is hereby in all respects ratified and confirmed on the Amendment Effective Date, except that, on and after such Amendment Effective Date referred to in the Amendment, each reference to “the Credit Agreement”,
“thereunder”, “thereof”, “therein” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended and otherwise modified by the Amendment
and (ii) confirms that the Collateral Documents to which each of the undersigned is a party and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Secured Obligations. This Consent shall,
pursuant to New York General Obligations Law Section 5-1401, be governed by, and construed in accordance with, the laws of the State of New York. 
  

					
	ATLANTIC SHUTTER SYSTEMS, INC.;	  	HEADWATERS HEAVY OIL, LLC;
	CHIHUAHUA STONE, LLC;	  	HEADWATERS CTL, LLC
	COVOL ENGINEERED FUELS, LC;	  	HEADWATERS RESOURCES, INC.;
	COVOL FUELS NO. 2, LLC.	  	HEADWATERS REFINERY INVESTMENTS CO.;
	COVOL FUELS NO. 3, LLC.	  	HEADWATERS SYNFUEL INVESTMENTS, LLC;
	COVOL FUELS NO. 4, LLC.	  	HEADWATERS TECHNOLOGY INNOVATION GROUP, INC.;
	COVOL FUELS NO. 5, LLC.	  	HEADWATERS SERVICES CORPORATION;
	DUTCH QUALITY STONE, INC.	  	INSPIRE SERVICES, LLC.;
	ELDORADO G-ACQUISITION CO.;	  	L-B STONE LLC;
	ELDORADO SC-ACQUISITION CO.;	  	METAMORA PRODUCTS CORPORATION;
	ELDORADO STONE ACQUISITION CO., LLC;	  	METAMORA PRODUCTS CORPORATION OF ELKLAND;
	ELDORADO STONE FUNDING CO., LLC;	  	MTP, INC.;
	ELDORADO STONE LLC;	  	STONECRAFT MANUFACTURING, LLC.;
	ELDORADO STONE OPERATIONS LLC;	  	STONECRAFT SALES, LLC.;
	ENVIRONMENTAL TECHNOLOGIES GROUP, LLC;	  	TAPCO INTERNATIONAL CORPORATION;
	GLOBAL CLIMATE RESERVE CORPORATION;	  	
	HCM STONE, LLC;	  	each as a Guarantor
	HCM UTAH, LLC;	  		 	
	HEADWATERS CONSTRUCTION MATERIALS, INC.;	  	By:	 	 /s/    Steven Stewart

	HEADWATERS CONSTRUCTION MATERIALS, LLC;	  	Name:	 	Steven Stewart
	HEADWATERS ENERGY SERVICES CORP.;	  	Title:	 	Chief Financial Officer
	HEADWATERS ETHANOL OPERATORS, LLC;	  		 	

  

 Headwaters – Amendment No. 10 to the Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]