Document:

Exhibit 10.1

 

RELIANT ENERGY, INC.

2002 LONG-TERM INCENTIVE PLAN

 

QUARTERLY COMMON STOCK AND PREMIUM RESTRICTED STOCK AWARD

 

Pursuant
to this Award Agreement, as of ______________, _____, Reliant Energy, Inc. (the “Company”) hereby grants to «Director» (the “Participant”), a Director of the Company, «Shares» shares of Common Stock, in lieu of
fees otherwise payable to the Participant for services as a Director for the
period from ___________, ____ through ___________ plus an additional «Premium» premium restricted shares of
Common Stock (“Premium Restricted Stock”). Such number of shares are subject to
adjustment as provided in Section 15 of the Reliant Energy, Inc. 2002
Long-Term Incentive Plan (the “Plan”), subject to the terms, conditions and
restrictions described in the Plan and in this Agreement.

 

1.                                       Relationship to the Plan. This
grant of Common Stock and Premium Restricted Stock is subject to all of the
terms, conditions and provisions of the Plan and administrative interpretations
thereunder, if any, which have been adopted by the Committee and are in effect
on this date. Except as defined herein, capitalized terms have the same
meanings as under the Plan. If any provision of this Award Agreement conflicts with the
express terms of the Plan, the terms of the Plan control and, if necessary, the
applicable provisions of this Award Agreement
are deemed amended so as to carry out the purpose and intent of the Plan.
References to the Participant also include the heirs or other legal
representatives of the Participant or the Participant’s estate.

 

2.                                       Restrictions. The Premium Restricted Stock granted under this
Agreement may not be sold, assigned, transferred, pledged or otherwise
encumbered until the restrictions have lapsed (“Restriction Period”) except as otherwise
provided in this Section 2. Notwithstanding anything herein or in the Plan
to the contrary, the shares of Premium Restricted Stock are transferable by the
Participant to Immediate Family Members, Immediate Family Member Trusts, and
Immediate Family Member Partnerships pursuant to Section 14 of the Plan.

 

3.                                       Vesting and Forfeiture.

 

(a)                                The Common Stock granted
herein is fully vested and transferable as of the date granted.

 

(b)                                 The
Premium Restricted Stock vests as of the date of the Company’s annual meeting
in _____ (“Vesting Date”) (the end of the Participant’s current term as a
Director during which the shares of Premium Restricted Stock were granted),
provided the Participant does not terminate service, except as otherwise
provided in this Section 3, before the Vesting Date.

 

(c)                                  If
the Participant’s service as a Director is terminated due to death or Disability,
Participant’s right to receive Premium Restricted Stock vests at the time of
such termination to the extent not previously vested pursuant to this Section 3.
For purposes of this Award Agreement, “Disability” means a physical or mental
impairment of sufficient severity such that the Participant can no longer serve
as a Director.

 

1

 

(d)                                 If
the Participant terminates service on the Board for any reason other than death
or Disability, the Participant’s right to receive Premium Restricted Stock granted
during the term during which the Participant terminates service will be
forfeited in its entirety upon termination.

 

4.                                       Rights as a Stockholder. Except as otherwise specifically
provided in this Award Agreement and the Plan, during the Restriction Period
the Participant shall have all the rights of a stockholder with respect to the Premium
Restricted Stock including, without limitation, the right to vote the Premium Restricted
Stock and the right to receive any dividends with respect thereto.

 

5.                                       Cash Payment Upon a Change of Control. Notwithstanding anything herein
to the contrary, upon or immediately prior to the occurrence of any Change of
Control of the Company, Participant’s right to receive Premium Restricted Stock
shall be settled by a cash payment to Participant equal to the product of (i) the
Fair Market Value per share of Common Stock on the date immediately preceding
the date on which the Change of Control occurs and (ii) the total number
of shares of Premium Restricted Stock granted. Such cash payment shall satisfy
the rights of Participant and the obligations of the Company under this Award Agreement in full.

 

6.                                       Notices. For purposes of this Award Agreement, notices and all other communications must be in
writing and will be deemed to have been given when personally delivered or when
mailed by United States registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

 

	
  If to Company:

  	
  Reliant Energy, Inc.

  
	
   

  	
  1000 Main Street

  
	
   

  	
  Houston, Texas 77002

  
	
   

  	
  ATTENTION:  Senior Vice President and

  
	
   

  	
  Corporate Secretary

  
	
   

  	
   

  
	
  If to Director:

  	
   

  	
   

  
	
   

  	
  c/o Corporate Secretary

  
	
   

  	
  Reliant Energy, Inc.

  
	
   

  	
  1000 Main Street

  
	
   

  	
  Houston, Texas 77002

  

 

or to such other address as either party may furnish to the other
in writing in accordance with this Section 6.

 

7.                                       Successors and Assigns. This Award Agreement is binding upon
and inures to the benefit of the
Participant, the Company and their respective permitted successors and assigns.

 

	
   

  	
   

  	
   

  
	
   

  	
  Joel V. Staff

  
	
   

  	
  Chairman and Chief Executive Officer

  

 

2Exhibit 10.1

 

THIRD
AMENDMENT TO

THIRD AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT

This
THIRD AMENDMENT TO THIRD AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT (this
“Agreement”) is dated as of February 10, 2006, and is entered into by and among
BEACON SALES ACQUISITION, INC. (“Borrower”)
and the Domestic Subsidiary Guarantors which are signatories hereto (together
with Borrower, “Obligors”); GENERAL
ELECTRIC CAPITAL CORPORATION (“GE Capital”), for itself as a Lender, as
L/C Issuer and as Agent; and the Lenders and Canadian Facility Lenders which
are signatories hereto.

WHEREAS, Agent, Lenders and
Obligors are parties to a certain Third Amended and Restated Loan and Security
Agreement dated as of October 14, 2005 (as such agreement has been or may hereafter
be from time to time amended, supplemented or otherwise modified, the “Loan
Agreement”); and

WHEREAS, the parties have agreed to
amend the Loan Agreement on the terms set forth.

NOW THEREFORE, in consideration of the
mutual conditions and agreements set forth in the Loan Agreement and this
Agreement, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

1              Definitions.  Capitalized terms used in this Agreement,
unless otherwise defined herein, shall have the meaning ascribed to such terms
in the Loan Agreement.

2              Amendment to Loan Agreement.  Clause (8)
of the definition of “Interest Period” set forth in Section 11.1 of the Loan
Agreement is hereby amended to read as follows:

“(8)
there shall be no more than ten (10) Interest Periods relating to LIBOR Loans
outstanding at any time.”

3              Conditions.  The effectiveness of this Agreement is
subject to the following conditions precedent (unless specifically waived in
writing by Agent and Requisite Lenders):

(a)           Obligors,
Agent and Requisite Lenders shall have executed and delivered this Agreement;
and

(b)           No
Default or Event of Default shall have occurred and be continuing.

4              Representations and Warranties.  To induce
Agent, Lenders and Canadian Facility Lenders to enter into this Agreement,
Obligors represent and warrant to Agent, Lenders and Canadian Facility Lenders:

(a)           that
the Loan Parties have all requisite organizational power and authority to enter
into, and carry out the transactions contemplated by, this Agreement and all
other agreement and documents executed in connection therewith to which such
Loan Parties are parties.

(b)           that
the execution, delivery and performance of this Agreement and all other agreements
and documents executed in connection therewith have been duly authorized by all
requisite action on the part of the Loan Parties which are parties thereto and
that this Agreement has been duly executed and delivered by Borrower;

(c)           that
each of the representations and warranties set forth in Section 4 of the
Loan Agreement (other than those which, by their terms, specifically are made
as of certain date prior to the date hereof) are true and correct in all
material respects as of the date hereof; and

(d)           that,
after giving effect to this Agreement, no Default or Event of Default has
occurred and is continuing. 

5              Severability.  Any provision of this Agreement held by a
court of competent jurisdiction to be invalid or unenforceable shall not impair
or invalidate the remainder of this Agreement and the effect thereof shall be
confined to the provision so held to be invalid or unenforceable.

 

 

 

6              Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall constitute an original, but all of which
taken together shall be one and the same instrument.

7              Ratification. 
Except as expressly set forth herein, the terms and provisions set forth
in this Agreement shall not be deemed to be a modification or waiver of any
term or condition of the Loan Agreement. 
The terms and provisions of the Loan Agreement, as amended hereby, and the other Loan Documents are ratified and confirmed and shall continue in
full force and effect and shall continue to guarantee or secure, as the case may
be, to the fullest extent possible, the payment and performance of all
Obligations under or in respect of the Loan Agreement or any of the other Loan
Documents and all Collateral encumbered by any of the Loan
Documents will continue to secure, to the fullest extent possible, the payment
and performance of all Obligations under or in respect of the Loan Agreement or
any of the other Loan Documents.

 

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed under seal and delivered by their respective duly authorized officers
on the date first written above.

 

	
   

  	
  BEACON SALES ACQUISITION, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David R. Grace

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  QUALITY ROOFING SUPPLY

  
	
   

  	
  COMPANY, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  BEACON CANADA, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David R. Grace

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  BEST DISTRIBUTING CO.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  THE ROOF CENTER, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  WEST END LUMBER COMPANY, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  J.G.A. BEACON, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  

 

 

 

	
   

  	
  SDI HOLDING, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  SDI ACQUISITION GUARANTOR, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  SHELTER DISTRIBUTION, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  BEACON PACIFIC, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David R. Grace

  
	
   

  	
  Title: 

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  

 

 

 

	
   

  	
  GENERAL ELECTRIC CAPITAL
  CORPORATION, as Agent, an L/C Issuer and Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  John M. Steidle

  
	
   

  	
  Its Authorized Signatory 

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF
  AMERICA, N.A.

  
	
   

  	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jason Riley

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  THE CIT
  GROUP/BUSINESS CREDIT, INC., as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  Chad Ramsey

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  LASALLE BANK NATIONAL ASSOCIATION, a national banking association, as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  Andrew Heinz

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMORGAN CHASE BANK, N.A., as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  Steve Christ

  
	
   

  	
  Title: 

  	
  Account Executive

  
	
   

  	
   

  	
   

  
	
   

  	
  WACHOVIA CAPITAL FINANCE CORPORATION (CENTRAL), as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  Vicki Geist

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  UPS CAPITAL CORPORATION, as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  John P. Holloway

  
	
   

  	
  Title:

  	
  Director of Portfolio
  Management

  
				

 

 

	
   

  	
  FIFTH THIRD BANK, as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  John Penny

  
	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  ANTARES CAPITAL CORPORATION,

  
	
   

  	
  as
  a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  John M. Steidle

  
	
   

  	
   

  	
  Its Authorized Signatory 

  
	
   

  	
   

  	
   

  
	
   

  	
  GE CANADA FINANCE HOLDING
  COMPANY, as the sole Canadian
  Facility Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jack F. Morrone

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

 

 

CONSENT AND
REAFFIRMATION (HOLDINGS)

The
undersigned hereby (i) acknowledges receipt of a copy of each of the Third
Amendment to Third Amended and Restated Loan and Security Agreement and the
Increased Commitment Agreement (together, the “Agreements”); (ii) consents to
Obligors’ execution and delivery thereof; and (iii) affirms that nothing
contained therein shall modify in any respect whatsoever its guaranty of the
obligations of the undersigned to Agent and Lenders pursuant to the terms of
that certain Guaranty dated as of March 12, 2004 (the “Holdings Guaranty”)
and reaffirms that the Holdings Guaranty is and shall continue to remain in
full force and effect and that each
Loan Document to which it is a party or otherwise bound and all Collateral
encumbered thereby will continue to guaranty or secure, as the case may be, to
the fullest extent possible, the payment and performance of all obligations
under or in respect of the Holdings Guaranty and such other Loan Documents.  Although the undersigned has been informed of
the matters set forth herein and has acknowledged and consented to same, the
undersigned understands that Agent and Lenders have no obligation to inform it
of such matters in the future or to seek its acknowledgment or consent to
future agreements or waivers, and nothing herein shall create such a duty.

IN
WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation on
and as of the date of the Agreements.

	
   

  	
  BEACON
  ROOFING SUPPLY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David R. Grace

  
	
   

  	
  Name:

  	
  David R. Grace

  
	
   

  	
  Title:

  	
  Senior Vice President
  & CFO

  

 

 

 

CONSENT AND REAFFIRMATION (BEACON CANADA)

The undersigned hereby (i) acknowledges receipt of a copy of each of
the Third Amendment to Third Amended and Restated Loan and Security Agreement
and the Increased Commitment Agreement (together, the “Agreements”); (ii) consents to the terms and conditions of the
Agreements and the execution and delivery of the Agreements by the Obligors;
and (iii) confirms and ratifies the terms of the Amended and Restated Guarantee
dated as of June 8, 2001 given by the undersigned in favor of Agent, as
acknowledged, confirmed and amended pursuant to the Acknowledgement and
Confirmation dated October 14, 2005 between the undersigned, Beacon Canada,
Inc. and Agent (as further amended, restated, supplemented or otherwise
modified from time to time, the “Beacon
Canada Guarantee”) and reaffirms that the Beacon Canada Guarantee is not
released or discharged by the execution and delivery of the Agreements and is
and shall continue to remain in full force and effect and that each Loan Document
to which the undersigned is a party or otherwise bound and all Collateral
encumbered thereby will continue to guarantee or secure, as the case may be, to
the fullest extent possible, the payment and performance of all obligations
under or in respect of the Beacon Canada Guarantee and such other Loan
Documents.  Although the undersigned has
been informed of the matters set forth herein and has acknowledged and
consented to same, the undersigned understands that Agent and Lenders have no
obligation to inform it of such matters in the future or to seek its
acknowledgement or consent to future agreements or waivers, and nothing herein
shall create such a duty.

Capitalized terms used in this Consent and Reaffirmation, unless
otherwise defined herein, shall have the meanings given to them in that certain
Third Amended and Restated Loan and Security Agreement dated as of October 14,
2005 among Beacon Sales Acquisition, Inc., Quality Roofing Supply Company,
Inc., Beacon Canada, Inc., Best Distributing Co., The Roof Center, Inc., West
End Lumber Company, Inc., J.G.A. Beacon, Inc., SDI Holding, Inc., SDI
Acquisition Guarantor, Inc., Shelter Distribution, Inc., and Beacon Pacific,
Inc., the financial institutions party thereto, and General Electric Capital
Corporation.

IN WITNESS WHEREOF, the undersigned has executed this Consent and
Reaffirmation on and as of the date of the Agreements.

	
   

  	
  BEACON
  ROOFING SUPPLY CANADA COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David R. Grace

  
	
   

  	
   

  	
  Name: David R. Grace

  
	
   

  	
   

  	
  Title: Senior Vice President & CFO

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