Document:

<PAGE>

                                                                         10.2(p)

June 1, 2000

Peter Moritz
31 Range Road
Rowayton, CT 06853

Dear Peter:

This letter is to confirm our conversations regarding your promotion to Vice
President, Managing Director of Modem Media, San Francisco.

The following confirms the specific agreement regarding your compensation and
benefits:

Compensation: Your annualized base salary will be $235,000, effective May 30,
2000. You will be eligible for a merit bonus with a target of 25% of your annual
base salary at the discretion of management, contingent upon company
performance, the performance of the San Francisco office and your personal
contribution to the above.

Options: Pending Board approval, you will be granted 25,000 non-qualified
options. The options will vest one year from the date of grant. The exercise
price of the granted options will be the current fair market value on your date
of grant by the Board. If you are terminated for any reason within 12 months of
a "change in control" (see definition below), your options shall be fully vested
upon such termination.

Home Trips: The Company will pay for one round trip business class airline
ticket to and from San Francisco to the New York area every eight weeks. This
may be used by you to come to the New York area or by a relative or friend to
visit you in the San Francisco area. In the event that business conditions
mandate your presence in the New York area on additional occasions, your
expenses would be covered in accordance with regular Company policy.

Moving/Relocation Expense to San Francisco: Modem Media will pay the reasonable
and customary cost associated with moving your car and other household goods to
San Francisco not to exceed $20,000. In addition, Modem Media will provide
assistance in the managing of your Connecticut property in your absence.

Housing Allowance: Provided you still maintain your permanent residence in
Rowayton, Connecticut. Modem Media agrees to pay your rent and utilities for a
period not to exceed one year in the San Francisco area. Modem Media will assist
you in securing the temporary living and will have final approval of all costs
associated with living.

Parking: Modem Media will reimburse the parking of your automobile while
living/working in San Francisco.

Moving/Relocation Expense Back to Connecticut: At the conclusion of your
assignment, or in the event of termination of employment for any reason,
including your resignation from the company, Modem Media will pay the reasonable
and customary costs associated with moving you and your household goods back to
your home located in Connecticut.
<PAGE>

Severance: If you are terminated for any reason within 12 months following a
"change in control", you will be paid the equivalent of twelve month's base
salary as severance. For purposes of this agreement, "change in control" shall
mean the occurrence of any of the following events: (i) the consummation of a
merger or consolidation of the Company with any other corporation, other than a
merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) at least fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation; (ii) the
consummation of the sale or disposition by the Company of all or substantially
all of the Company's assets; or (iii) any person (as such term is used in
Section 13(d) of the Securities Exchange Act of 1934, as amended) becomes the
beneficial owner (as defined in Rule 13d-3 under said Act), directly or
indirectly, of securities of the Company representing fifty percent (50%) or
more of the total voting power represented by the Company's then outstanding
voting securities. For purposes of this Severance section, "terminated" shall
include a material change or reduction in your job responsibilities or position

Term of Assignment: The Company expects that the term of this assignment will be
approximately 12 months.

Peter, We are delighted that you have decided to embrace this new challenge and
have every confidence that you will make a positive impact on our business in
San Francisco. If we have overlooked a key issue relative to your relocation
please don't hesitate to bring it to our attention and I am certain we will be
able to address it.

Very truly yours,

/s/ Robert Allen
President and Chief Operating Officer

                     Signed and agreed to: /s/ Peter Moritz<PAGE>

                                                                         10.2(q)

May 14, 2001

Mr. Peter Moritz
111 Sutter Street
San Francisco, CA  94104

Dear Peter:

The following outlines the terms of your employment with Modem Media in
your new role in East Norwalk beginning on or before June 20, 2001.

 .   Your title will be Vice President, Business Development, reporting to Bob
    Allen. A description of the roles and responsibilities of this position will
    be forthcoming under separate cover no later than your start date of June
    20, 2001.

 .   Your base salary for this assignment will remain at your current rate of
    $235,000.00 annually. You will be eligible to receive an annual bonus the
    details of which will be outlined in a new incentive compensation bonus
    scheme. You will participate in the Performance Management Planning process,
    scheduled for July 1, 2001.

 .   You will receive reimbursement for relocation expenses to a maximum of
    $20,000.00. Please see the attached documentation on what is reasonable and
    customary. You will be reimbursed for expenses upon receipt of an expense
    report outlining expenses incurred with receipts. Some of these expenses may
    be taxable income to you if they do not qualify as expenses non-taxable
    relocation expenses as outlined as per IRS regulations. Those expenses would
    then be grossed-up and recognized as ordinary income on your W-2 earnings
    statement for 2001.

Peter, if you have any questions, please give me a call.

Best Regards,

/s/ Rose Zory
    Senior Director, Human Resources

Accepted By:/s/ Peter Moritz<PAGE>

                                 Exhibit 10.1
                               CONSENT AGREEMENT

    This Consent Agreement ("Consent Agreement"), dated effective as of June 26,
                            ------------------
2001 (the "Effective Date"), is entered into among American Builders &
           --------------
Contractors Supply Co., Inc., a Delaware corporation ("Borrower") with its chief
                                                       --------
executive office located at One ABC Parkway, Beloit, Wisconsin, the financial
institutions listed on the signature pages hereof (individually, a "Lender" and
                                                                    ------
collectively, the "Lenders") and Bank of America, National Association,
                   -------
successor in interest to NationsBank, N.A., as Agent for the Lenders (in such
capacity, the "Agent").
               -----

                                   Recitals
                                   --------

    a.   The Borrower, the Lenders and the Agent are party to the certain
Second Amended and Restated Loan and Security Agreement dated as of May 12,
1998, as amended by the First Amendment to Second Amended and Restated Loan and
Security Agreement dated effective as of January 15, 1999, the Consent and
Second Amendment to Second Amended and Restated Loan and Security Agreement
dated effective as of May 5, 1999, and the Restated Third Amendment to Second
Amended and Restated Loan and Security Agreement dated effective as of November
3, 1999 (the "Loan Agreement") pursuant to which Lenders have agreed to make
              --------------
certain loans and extend certain other financial accommodations to the Borrower
as provided therein (terms defined by the Loan Agreement, where used in this
Consent Agreement, shall have the same meanings in this Consent Agreement as are
prescribed by the Loan Agreement).

    b.   The Borrower has informed the Agent that Borrower proposes to use up
to $15,000,000 of the proceeds of Revolving Loans to repurchase and reacquire,
in one or more repurchase transactions, Senior Subordinated Notes (collectively
referred to herein below as the "Proposed Actions"). The Proposed Actions are
                                 ----------------
prohibited by (without limitation) Section 7.12 ("Use of Proceeds"), Section 8.4
                                   ------------                      -----------
("Investments or Loans") and Section 8.21 ("Senior Subordinated Notes and
                             ------------
Related Guaranties") of the Loan Agreement without the prior consent of the
Agent and Requisite Lenders as required by Section 10.15 ("Entire Agreement;
                                           -------------
Amendments")  of the Loan Agreement.  The Borrower has requested the Agent and
Requisite Lenders to consent to the Proposed Actions.

    c.   The Borrower has informed the Agent that the Borrower proposes to
grant a security interest to General Electric Capital Corporation ("GECC") in
                                                                    ----
the property described in Exhibit A.  Pursuant to Section 8.1(e) of the Loan
                          ---------               --------------
Agreement, the Borrower has requested the Agent to consent to such proposed
grant, and in connection therewith, has requested that the Agent subordinate its
security interest, collateral assignment and lien in and to such property, and
all proceeds thereof, as provided herein below.

    NOW, THEREFORE, in consideration of the terms and conditions contained
herein, and of any loans or financial accommodations heretofore, now or
hereafter made to or for the benefit of the Borrower by the Lenders, it hereby
is agreed as follows:

                                   ARTICLE I
                          CONSENT TO PROPOSED ACTIONS

    1.1. Consent to Proposed Actions.  Subject to the terms hereof and
         ---------------------------
conditioned as provided by Section 1.3, the Agent and Requisite Lenders hereby
                           -----------
consent to the Borrower using up to $15,000,000 of the proceeds of Revolving
Loans to finance the repurchase and reacquisition of Senior Subordinated Notes
from time to time after the date hereof.

    1.2  Consent to Grant of Security Interest and Subordination.  Subject to
         -------------------------------------------------------
the terms hereof and conditioned as provided by Section 1.3, the Agent and the
                                                -----------
Lenders (to the extent required by Section 10.15 of the Loan Agreement) hereby
                                   -------------
consent to (i) the grant by the Borrower to GECC of a security interest in the
property described in Exhibit A (such security interest in such property herein
                      ---------
called the "GECC Lien") and (ii) subordination of the Agent's security interest,
            ---------
collateral assignment and lien in such property, and all proceeds thereof, to
the GECC Lien.

                                       20
<PAGE>

    1.3. Conditions.
         ----------

         a.  The consent to any repurchase and reacquisition of Senior
    Subordinated Notes under Section 1.1 is expressly conditioned on
                             -----------
    satisfaction of each of the following conditions precedent:

             (i)    No Event of Default or Default shall be in existence as of
         the time of such repurchase and reacquisition, or would result there
         from;

             (ii)   The maximum aggregate consideration paid by the Borrower on
         and after the date hereof in respect of all such repurchases and
         reacquisitions of Senior Subordinated Notes under Section 1.1,
                                                           -----------
         including cash and all other forms, if any, of consideration, shall
         not exceed $15,000,000; and

             (iii)  Such repurchase and reacquisition shall be in compliance
         with all applicable laws and regulations and shall not be prohibited by
         the Indenture.

         b.  The consent to the granting by the Borrower of a security
    interest to GECC in the property described in Exhibit A, pursuant to
                                                  ---------
    Section 1.2, is expressly conditioned on satisfaction of each of the
    -----------
    following conditions precedent:

             (i)    No Event of Default or Default shall be in existence as of
         the time of granting such security interest; and

             (ii)   The security agreement executed by the Borrower to create
         the GECC Lien, and the subordination of the Agent's security interest,
         collateral assignment and lien in connection therewith, pursuant to
         Section 1.2, shall be in form and substance satisfactory to the Agent.
         -----------

    1.4  Notification to Agent.  Promptly upon consummating any repurchase
         ---------------------
and reacquisition of Senior Subordinated Notes pursuant to Section 1.1, the
                                                           -----------
Borrower shall give the Agent written notice thereof, therein specifying the
aggregate face amount of Senior Subordinated Notes repurchased and the aggregate
consideration paid by the Borrower therefor and certifying to the Lender that
all conditions specified by Section 1.3(a) have been satisfied.
                            --------------

    1.5  Limitation.  The consent granted by the Agent pursuant to Section
         ----------                                                -------
1.1 is in addition to and is cumulative of the consent to the repurchase and
---
reacquisition of Senior Subordinated Notes provided by the certain Consent and
Second Amendment to Second Amended and Restated Loan and Security Agreement
dated effective May 5, 1999, and the certain Consent Agreement dated August 10,
2000, in case among the Agent, the Borrower and the Lenders signatory thereto.
The consents granted by the Agent pursuant to Sections 1.1 and 1.2 are expressly
                                              ------------     ---
limited as provided herein and shall not extend to any other actions or proposed
actions or impair any provision of any of the Financing Agreements.  Except as
expressly provided in this Consent Agreement, nothing in this Consent Agreement
shall constitute a waiver of any rights of Agent or the Lenders under any of the
Financing Agreements.

                                  ARTICLE II
                                 MISCELLANEOUS

    2.1. Conditions to Effectiveness.  This effectiveness of this Consent
         ---------------------------
Agreement is subject to the prior satisfaction of each the following conditions
precedent, all of which must be satisfied and acceptable in form and substance
to the Agent and each Lender signatory hereto in each of their sole discretion.

         a.  Execution and Delivery.  This Consent Agreement shall have been
             ----------------------
    executed and delivered by each of the Borrower, the Agent and Requisite
    Lenders.

         b.  Consent and Agreement of Guarantors.  Each of Amcraft Building
             -----------------------------------
    Products Co., Inc. and Mule-Hide Products Co., Inc. shall have executed the
    Consent and Agreement of Guarantors which is attached to and made a part of
    this Consent Agreement, in form and substance satisfactory to the Agent.

                                       21
<PAGE>

         c.  Consent and Agreement by Validity Guarantors.  Each of Kendra A.
             --------------------------------------------
    Story and Kenneth A. Hendricks shall have executed the Consent and Agreement
    by Validity Guarantors which is attached to and made a part of this Consent
    Agreement, in form and substance satisfactory to the Agent.

         d.  Fee.  The Borrower shall have paid to the Agent a consent fee in
             ---
    the amount of $150,000.

         e.  Other.  The Borrower shall have executed and delivered all other
             -----
    agreements, documents, certifications or opinions as the Agent may
    reasonably request in connection with implementation of this Consent
    Agreement.

    2.2. Representations, Warranties, Covenants of Borrower.  The Borrower
         --------------------------------------------------
hereby represents and warrants that as of the date of this Consent Agreement and
after giving effect thereto (a) no event has occurred and is continuing which,
after giving effect to this Consent Agreement, constitutes a Default or an Event
of Default, (b) the representations and warranties of the Borrower contained in
the Loan Agreement and the other Financing Agreements are true and correct on
and as of the date hereof to the same extent as though made on and as of the
Effective Date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case they are true and correct
as of such earlier date, (c) the execution and delivery by the Borrower of this
Consent Agreement and the performance by the Borrower of the Loan Agreement are
within its corporate power and have been duly authorized by all necessary
corporate action, (d) this Consent Agreement and the Loan Agreement are legal,
valid and binding obligations of the Borrower enforceable against the Borrower
in accordance with their terms and (e) the execution and delivery by the
Borrower of this Consent Agreement and the performance by the Borrower of the
Loan Agreement do not require the consent of any Person and do not contravene
the terms of the Borrower's Articles of Incorporation or By-Laws or any
indenture, agreement or undertaking to which the Borrower is a party or by which
the Borrower or any of its property is bound.  The Borrower covenants and agrees
that, as of the effective time of any repurchase of any Senior Subordinated
Notes, each such repurchase as contemplated by this Agreement will be in
compliance with all applicable laws and regulations and will not be prohibited
by the Indenture.

    2.3. Reference to and Effect on the Loan Agreement.  The Loan Agreement
         ---------------------------------------------
and all other Financing Agreements shall remain unmodified and in full force and
effect and are hereby ratified and confirmed.  Except as expressly provided
herein, the execution, delivery and effectiveness of this Consent Agreement
shall not operate as a waiver or forbearance of (a) any right, power or remedy
of the Lenders under the Loan Agreement or any of the other Financing
Agreements, or (b) any Default or Event of Default.  This Consent Agreement
shall constitute a Financing Agreement.

    2.4. Fees, Costs and Expenses.  The Borrower agrees to pay on demand all
         ------------------------
costs and expenses of the Agent in connection with the preparation, negotiation,
execution and delivery and closing of this Consent Agreement and all related
documentation, including the fees and out-of-pocket expenses of counsel for the
Agent with respect thereto.

    2.5. Counterparts.  This Consent Agreement may be executed in any number
         ------------
of counterparts and by different parties hereto as separate counterparts, each
of which counterparts, when so executed and delivered, shall be deemed to be an
original and all of which counterparts, when taken together, shall constitute
but one and the same agreement.  A telecopy of any such executed counterpart
shall be deemed valid and may be relied upon as an original.

    2.6. Effectiveness.  This Consent Agreement shall be deemed effective
         -------------
prospectively as of the Effective Date specified in the preamble upon execution
by the Borrower, the Agent and sufficient of the Lenders whose names appear on
the signature pages below to constitute Requisite Lenders (subject, however, to
                                                           ----------------
the prior satisfaction of all other conditions for effectiveness as specified by
Section 2.1).
-----------

    2.7  Allocation of Consent Fee.  Upon the effectiveness of this Consent
         -------------------------
Agreement, the consent fee paid by the Borrower to the Agent pursuant to Section
                                                                         -------
2.1(d) shall be allocated by the Agent among those Lenders who have executed and
------
delivered this Consent Agreement as of the Effective Date.

                                       22
<PAGE>

    IN WITNESS WHEREOF, the parties hereto have executed this Consent Agreement
as of the day and year first written above.

ATTEST:                             AMERICAN BUILDERS &
By:______________________           CONTRACTORS SUPPLY CO., INC.
Name:____________________           By:_________________________________________
Title:___________________               Kendra A. Story, Chief Financial Officer

                                    BANK OF AMERICA, NATIONAL ASSOCIATION
                                    In its capacity as Agent
                                    By:_________________________________________
                                        Doug Motl, Vice President

                                    AMERICAN NATIONAL BANK AND
                                    TRUST COMPANY OF CHICAGO
                                    In its capacity as Co-Agent
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                    BANK OF AMERICA, NATIONAL ASSOCIATION
                                    In its capacity as a Lender
                                    By:_________________________________________
                                               Doug Motl, Vice President

                                    AMERICAN NATIONAL BANK AND
                                    TRUST COMPANY OF CHICAGO
                                    In its capacity as a Lender
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                    LASALLE BUSINESS CREDIT, INC.
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                    HARRIS TRUST AND SAVINGS BANK
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                    FLEET CAPITAL CORPORATION
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                    FLEET BUSINESS CREDIT CORPORATION
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                    WASHINGTON MUTUAL BANK
                                    By:_________________________________________
                                    Name:_______________________________________
                                    Title:______________________________________

                                       23
<PAGE>

                      CONSENT AND AGREEMENT BY GUARANTORS

     Each of the undersigned consents to the foregoing Consent Agreement and
each of the undersigned agrees to the continued effectiveness of the Amended and
Restated Guaranty Agreement dated as of May 12, 1998, executed and delivered by
each of the undersigned, respectively, to the Agent for the benefit of the
Lenders.  All references in each such Guaranty, respectively, to the Loan
Agreement shall be deemed to be to the Loan Agreement as amended by all prior
and subsequent amendments thereof.  This Consent and Agreement is executed as of
the Effective Date specified in the Consent Agreement.

                                   AMCRAFT BUILDING PRODUCTS CO., INC.
                                   By:__________________________________
                                   Name:________________________________
                                   Title:_______________________________

                                   MULE-HIDE PRODUCTS CO., INC.
                                   By:__________________________________
                                   Name:________________________________
                                   Title:_______________________________

                 CONSENT AND AGREEMENT BY VALIDITY GUARANTORS

     Each of the undersigned consents to the foregoing Consent Agreement and
each of the undersigned agrees to the continued effectiveness of the Validity
Certification dated as of May 12, 1998, executed and delivered by each of the
undersigned, respectively, to the Agent for the benefit of the Lenders.  All
references in each such Validity Certification, respectively, to the Loan
Agreement shall be deemed to be to the Loan Agreement as amended by all prior
and subsequent amendments thereof.  This Consent and Agreement is executed as of
the Effective Date specified in the Consent Agreement.

                                   _____________________________________
                                          Kenneth A. Hendricks

                                   ____________________________________
                                          Kendra A. Story

                                   EXHIBIT A
                                      to
                               CONSENT AGREEMENT

SPECIFIC PROPERTY
-----------------

(attached and incorporated herein by reference)

                                       24

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