Document:

EXHIBIT 10.2

 

FIRST
AMENDMENT TO

THIRD
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

 

This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED LOAN AND
SECURITY AGREEMENT (this “Agreement”) is dated as of December 23,
2005, and is entered into by and among BEACON
ROOFING SUPPLY CANADA COMPANY (“Borrower”); GE CANADA FINANCE HOLDING COMPANY (“GE Canada Finance”), for itself as a
Lender and as Agent, and the Lenders which are signatories hereto.

 

WHEREAS,
Agent, Lenders and Borrower 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,
Borrower has requested that GE Canada Finance, as a Lender, enter into letters
of credit or other credit enhancement to support the payment obligations of
Borrower under any interest rate protection or hedging agreement as described
herein; and

 

WHEREAS,
the parties desire to amend the Loan Agreement to provide for such letters of
credit or other credit enhancement as hereinafter 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.                                      Amendments to Loan
Agreement.

 

2.1                                 Section 2.1
of the Loan Agreement is hereby amended by inserting the following as (F) thereof:

 

“(F)                           Swap
Related Reimbursement Obligations.

 

(1)                                  Borrower
agrees to reimburse GE Canada Finance in immediately available funds in the
amount of any payment made by GE Canada Finance under a Swap Related L/C (such
reimbursement obligation, whether contingent upon payment by GE Canada Finance
under the Swap Related L/C or otherwise, being herein called a “Swap Related
Reimbursement Obligation”).  No Swap
Related Reimbursement Obligation for any Swap Related L/C may exceed the amount
of the payment obligations owed by Borrower under the interest rate protection
or hedging agreement or transaction supported by the Swap Related L/C.

 

 

(2)                                  A
Swap Related Reimbursement Obligation shall be due and payable by Borrower
within one (1) Business Day after the date on which the related payment is
made by GE Canada Finance under the Swap Related L/C.

 

(3)                                  Any
Swap Related Reimbursement Obligation shall, during the period in which it is
unpaid, bear interest at the rate per annum equal to the BA Rate plus one
percent (1%), as if the unpaid amount of the Swap Related Reimbursement
Obligation were a BA Rate Loan, and not at any otherwise applicable Default
Rate.  Such interest shall be payable
upon demand.  The following additional
provisions apply to the calculation and charging of interest by reference to
the BA Rate:

 

(a)                                  The
BA Rate shall be determined for each successive thirty (30) day BA Period
during which the Swap Related Reimbursement Obligation is unpaid,
notwithstanding the occurrence of any Event of Default and even if the BA
Period were to extend beyond the Termination Date.

 

(b)                                 If
a Swap Related Reimbursement Obligation is paid during a thirty (30) day period
for which the BA Rate is determined, interest shall be pro-rated and charged
for the portion of the thirty (30) day period during which the Swap Related
Reimbursement Obligation was unpaid.  Section 2.9(B) and
any other provision relating to the indemnification by Borrower of losses,
costs and expenses relating to BA Rate Loans shall not apply to any payment of
a Swap Related Reimbursement Obligation during the thirty (30) day period.

 

(4)                                  Except
as provided in the foregoing provisions of this Section 2.1(F) and
in Section 10.1, Borrower shall not be obligated to pay to GE
Canada Finance or any of its Affiliates any fees with respect to Letters of
Credit, or any other fees, charges or expenses, in respect of a Swap Related
L/C or arranging for any interest rate protection or hedging agreement or
transaction supported by the Swap Related L/C. 
GE Canada Finance and its Affiliates shall look to the beneficiary of a
Swap Related L/C for payment of any such letter of credit fees or other fees,
charges or expenses and such beneficiary may factor such fees, charges, or
expenses into the pricing of any interest rate protection or hedging agreement
or transaction supported by the Swap Related L/C.

 

(5)                                  If
any Swap Related L/C is revocable prior to its scheduled expiry date, GE Canada
Finance agrees not to revoke the Swap Related L/C unless the Termination Date
or an Event of Default has occurred.

 

(6)                                  GE
Canada Finance or any of its Affiliates shall be permitted to (i) provide
confidential or other information furnished to it by any of the Loan Parties
(including, without limitation, copies of any documents and information in or
referred to in the Conditions Rider, financial statements and other reports

 

2

 

contained
in the Reporting Rider and Compliance Certificates) to a beneficiary or
potential beneficiary of a Swap Related L/C and (ii) receive confidential
or other information from the beneficiary or potential beneficiary relating to
any agreement or transaction supported or to be supported by the Swap Related
L/C.  However, no confidential
information shall be provided to any Person under this paragraph unless the
Person has agreed to comply with the covenant substantially as contained in Section 10.20
of this Agreement.”

 

2.2                                 Section 7.2(a) of
the Loan Agreement is hereby amended to read as follows:

 

(a)                                  Swap
Related Reimbursement Obligations and those resulting from Currency Rate
Agreements and Interest Rate Agreements entered into by Borrower with any
Lender (or Affiliate of a Lender) upon prior or contemporaneous written notice
to Agent or otherwise with Agent’s prior written approval;

 

2.3                                 Section 8.9(b) of
the Loan Agreement is hereby amended to read as follows:

 

“(b) subject to the Intercreditor Agreement, in
the absence of a specific determination by Agent with respect thereto, the
proceeds of any sale of, or other realization upon, all or any part of the
Collateral shall be applied: first, to all fees, costs and expenses
incurred by or owing to Agent and then any Lender with respect to this
Agreement, the other Loan Documents or the Borrower Collateral; second,
to accrued and unpaid interest on the Loans, on unpaid Swap Related
Reimbursement Obligations and on unpaid Obligations under Interest Rate
Agreements and Currency Rate Agreements (including any interest which but for
the provisions of any bankruptcy or insolvency law would have accrued on such
amounts), ratably in proportion to the interest accrued as to each Loan and
unpaid Swap Related Reimbursement Obligation and unpaid Obligation under each
Interest Rate Agreement and Currency Rate Agreement, as applicable; third,
to the principal amounts of the Loans, unpaid Swap Related Reimbursement Obligations
and unpaid Obligations under Interest Rate Agreements and Currency Rate
Agreements, ratably to the aggregate combined principal balance of the Loans,
unpaid Swap Related Reimbursement Obligations and unpaid Obligations under each
Interest Rate Agreement and Currency Rate Agreement; and fourth, to any
other Obligations or obligations or indebtedness of Borrower owing to Agent or
any Lender under the Loan Documents or in respect of any Banking Services”.

 

2.4                                 The
last proviso of the first sentence of Section 9.4(A) of the
Loan Agreement is hereby amended to read as follows:

 

“; provided, further,
no amendment, modification, termination or waiver affecting the rights or
duties of Agent, or of GE Canada Finance in respect of any Swap Related
Reimbursement Obligations, under this Agreement or any other Loan Document
including any release of any guaranty or Collateral requiring a writing signed
by all Lenders, shall in any event be effective unless in writing and signed

 

3

 

by Agent or GE Canada
Finance, as the case may be, in addition to Lenders required to take such
action”.

 

2.5                                 Section 9.5
of the Loan Agreement is hereby amended by inserting the following as (F) thereof:

 

“(F)                           Nothing
contained in this Section 9 shall require the consent of any party
for GE Canada Finance to assign any of its rights in respect of any Swap
Related Reimbursement Obligation.”

 

2.6                                 Subsection 11.1
of the Loan Agreement is hereby amended by inserting the following new definitions
in their proper alphabetical order:

 

“ “Swap Related L/C” means a letter of credit or other
credit enhancement provided by GE Canada Finance to the extent supporting the
payment obligations by Borrower under an interest rate protection or hedging
agreement or transaction (including, but not limited to, interest rate swaps,
caps, collars, floors and similar transactions) designed to protect or manage
exposure to the fluctuations in the interest rates applicable to any of the
Loans, and which agreement or transaction Borrower entered into as the result
of a specific referral pursuant to which GE Canada Finance, GE Corporate
Financial Services, Inc. or any Affiliate of GE Canada Finance had
arranged for Borrower to enter into such agreement or transaction.  The term includes a Swap Related L/C as it may
be increased from time to time fully to support Borrower’s payment obligations
under any and all such interest rate protection or hedging agreements or
transactions.”

 

“ “Swap Related Reimbursement Obligation” has the
meaning ascribed to it in Section 2.1(F).”

 

2.7                                 The
definitions of “Obligations” and “Reserves” set forth in subsection 11.1
of the Loan Agreement are hereby amended to read as follows:

 

“ “Obligations” means all obligations, liabilities and
indebtedness of every nature of each Loan Party from time to time owed to Agent
or to any Lender (or any Affiliate of any Lender) under the Loan Documents
(whether incurred before or after the Termination Date) including the principal
amount of all debts, claims and indebtedness, accrued and unpaid interest and
all fees, costs and expenses, whether primary, secondary, direct, contingent,
fixed or otherwise, heretofore, now and/or from time to time hereafter owing,
due or payable including, without limitation, all interest, fees, cost and
expenses accrued or incurred after the filing of any petition under any
bankruptcy or insolvency law whether or not allowed in such proceeding.  Obligations shall also include (i) all
obligations of the Loan Parties to any Lender (or any Affiliate of any Lender)
in respect of Banking Services and (ii) all obligations of the Loan
Parties in respect of Swap Related Reimbursement Obligations.”

 

4

 

“ “Reserves” means, with respect to the Canadian
Borrowing Base (a) the Credit Memoranda Reserve and the Dilution Reserve, (b) a
reserve in the amount of the outstanding amount of Swap Related Reimbursement
Obligations and Obligations under Interest Rate and Currency Rate Agreements
marked-to-market on a monthly basis, and (c) other reserves against
Eligible Accounts, Eligible Inventory or the Canadian Borrowing Base that Agent
may, in its reasonable credit judgment, establish from time to time, with prior
or contemporaneous notice to Borrower.”

 

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

 

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

 

(b)                                 Borrower shall have delivered such
other documents as Agent may have reasonably requested;

 

(c)                                  no Default or Event of Default shall
have occurred and be continuing; and

 

(d)                                 US Obligors, US Facility Agent and
US Facility Lenders shall have entered into an amendment to the US Facility
Loan Agreement and the Intercreditor Agreement in form and substance
satisfactory to Agent, together with a reaffirmation by Holdings of its
obligations under the Loan Documents to which it is a party.

 

4.                                      Representations and
Warranties.  To induce Agent and Lenders to enter into
this Agreement, Borrower represents and warrants to Agent and 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 agreements 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 dates 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

 

5

 

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 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.

 

[Remainder of page intentionally left blank]

 

6

 

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
  ROOFING SUPPLY CANADA

  COMPANY

  
	
   

  	
   

  
	
   

  	
  By: /s/ David R.
  Grace

  	
   

  
	
   

  	
  Title: Chief
  Financial Officer

  	
   

  
				

 

 

	
   

  	
  GE
  CANADA FINANCE HOLDING

  COMPANY, as Agent and a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ Ellis
  Gaston

  	
   

  
	
   

  	
  Its
  Authorized Signatory

  
	
   

  	
   

  
	
   

  	
  Vice President

  	
   

  
	
   

  	
  GE Canada
  Finance Holding

  Company

  	
   

  
				

 

 

CONSENT
AND REAFFIRMATION

 

Each of the undersigned
hereby (i) acknowledges receipt of a copy of the foregoing First Amendment
to Third Amended and Restated Loan and Security Agreement; (ii) consents
to Borrower’s execution and delivery thereof; and (iii) affirms that
nothing contained therein shall modify in any respect whatsoever its guaranty
of the obligations of Borrower to Agent and Lenders pursuant to the terms of
certain of the Loan Documents to which it is a party and reaffirms that each Loan Document to which it is a party or
otherwise bound and all Collateral encumbered thereby remain in full
force and effect and 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 such Loan
Documents.  Although each of the
undersigned has been informed of the matters set forth herein and has
acknowledged and consented to same, each of 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, each
of the undersigned has executed this Consent and Reaffirmation on and as of the
date of such Agreement.

 

 

	
   

  	
  BEACON ROOFING SUPPLY, INC.

  
	
   

  	
   

  
	
   

  	
  By: /s/ David R.
  Grace

  	
   

  
	
   

  	
  Title: Chief
  Financial Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  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 OfficerExhibit 10.3

 

INCREASED COMMITMENT AGREEMENT

 

Reference is made to the
Third Amended and Restated Loan and Security Agreement, dated as of October 14,
2005 (as amended, supplemented or otherwise modified from time to time, the “Loan
Agreement”), among Beacon Sales Acquisition, Inc., a Delaware corporation
(“Borrower”), each of Quality Roofing Supply Company, Inc., a Delaware
corporation (“Quality”), Beacon Canada, Inc., a Delaware corporation (“Beacon
Canada Holdings”), Best Distributing Co, a North Carolina corporation (“Best
Distribution”), The Roof Center, Inc., a Delaware corporation (“RFC”),
West End Lumber Company, Inc., a Delaware corporation (“West End”), J.G.A.
Beacon, Inc., a Delaware corporation (“JGA”), SDI Holding, Inc., a
Delaware corporation (“SDI Holding”), SDI Acquisition Guarantor, Inc., a
Delaware corporation (“SDI Guarantor”), Shelter Distribution, Inc. a
Delaware corporation, and Beacon Pacific, Inc., a Delaware corporation (“Pacific”)
(each individually a “Domestic Subsidiary Guarantor” and collectively “Domestic
Subsidiary Guarantors” and together with Borrower and each other domestic
Subsidiary of Borrower which thereafter becomes a party to the Loan Agreement,
each individually an “Obligor” and collectively “Obligors”), the financial institutions
listed on the signature pages thereto, and their respective successors and
Eligible Assignees (each individually a “Lender” and collectively “Lenders”),
and General Electric Capital Corporation, a Delaware corporation (in its
individual capacity, “GE Capital”), for itself as a Lender, as the initial L/C
Issuer and as Agent (“Agent”).  Unless
otherwise defined herein, capitalized terms defined in the Loan Agreement and
used herein shall have the meanings given to them in the Loan Agreement.

 

WHEREAS, Borrower has
proposed that the Revolving Loan Commitment be increased by the amount of
$50,000,000 (the “Additional Revolving Loan Commitment”) and that any Revolving
Loan advanced under the Additional Revolving Loan Commitment bear interest at
the interest rates applicable to the existing Revolving Loan;

 

WHEREAS, the undersigned
Lenders (each an “Increasing Lender” and, collectively, the “Increasing Lenders”)
have agreed to increase their Revolving Loan Commitments by an aggregate amount
equal to the amount of the Additional Revolving Loan Commitment upon the terms
and subject to the conditions set forth herein and in the Loan Agreement;

 

NOW, THEREFORE, the
Increasing Lenders and Obligors hereby agree as follows:

 

1.                                       Increased Revolving Loan Commitments.  Upon
the Effective Date, (as defined below), the Revolving Loan Commitment of each
Increasing Lender shall be increased to the amount set forth below such
Increasing Lender’s signature on the signature pages hereto (the aggregate
amount of such increases in the Increasing Lenders’ Revolving Loan Commitments
being referred to as the “Additional Revolving Loan Commitment”).  The effect of the foregoing increases in the
Increasing Lenders’ Revolving Loan Commitments shall be to increase the
Revolving Loan Commitment from $230,000,000 to $280,000,000 on the Effective
Date.  All advances made pursuant to the
Additional Revolving Loan Commitment shall constitute Revolving Advances
bearing interest at the applicable rates set forth in Section 2.2 of the
Credit Agreement, shall constitute Obligations, shall be secured by the
Collateral and shall be repaid

 

 

(except as otherwise provided in Paragraph (F) of
Section 2.16 of the Loan Agreement) as required for Revolving Loans.

 

2.                                       Representations and Warranties. 
Obligors hereby represent and warrant to Agent and Lenders that no
Default or Event of Default has occurred and is continuing as of the Effective
Date and that no Default or Event of Default will arise from the Additional
Revolving Loan Commitment or the making of any Revolving Loan thereunder.

 

3.                                       Effective Date; Closing Fee. 
Following the execution of this Increased Commitment Agreement by the
Increasing Lenders and the Obligors, it will be delivered to the Agent for
acceptance by it and recording by the Agent pursuant to the Loan Agreement,
whereupon the effective date (the “Effective Date”) of this Increased
Commitment Agreement shall be deemed to have occurred.  Subject to the occurrence of the Effective
Date, Borrower hereby agrees to pay to Agent the fees set forth in that
supplemental fee letter of even date herewith.

 

4.                                       New Notes. 
Borrower shall execute and deliver to Agent New Notes in favor of each
Increasing Lender to reflect its increased Revolving Loan Commitment.

 

5.                                       New Lenders.  Each
Increasing Lender that is not an existing Lender:

 

(a)                                  agrees
that, upon the effectiveness of this Agreement, it shall be a party to the Loan
Agreement and shall have all of the rights and obligations under the Loan
Documents, and shall be deemed to have made all of the covenants and agreements
contained in the Loan Documents, arising out of or otherwise related to its
Loans and Commitments.  Without limiting
the generality of the foregoing, such Increasing Lender acknowledges and agrees
that, upon the effectiveness of this Agreement, it shall be deemed a Lender
under, and bound by, the Canadian Facility Intercreditor Agreement;

 

(b)                                 represents and warrants that it satisfies any
eligibility requirements to be a Lender under the Loan Agreement; that it is
not a foreign person (i.e., a person other than a United States person for
United States Federal income tax purposes) or, if it is a foreign person, that
it has delivered to Agent the documentation required by Section 2.10 of
the Loan Agreement; that it has experience and expertise in the making or the
purchasing of loans such as the Loans; and that it has received, reviewed and
approved a copy of the Loan Agreement (including all Exhibits and Schedules
thereto) and copies of all other Loan Documents which it has requested; and

 

(c)                                  represents and warrants that it has received
such financial information regarding Borrower and the other Loan Parties as it
has requested, that it has made its own independent investigation of the
financial condition and affairs of Borrower and the other Loan Parties in
connection with this Agreement, and that it has made and shall continue to make
its own appraisal of the creditworthiness of Borrower and the other Loan
Parties.

 

6.                                       Severability. 
Whenever possible, each provision of this Increased Commitment Agreement
will be interpreted in such manner as to be effective and valid under
applicable law.  In the event any
provision of this Increased Commitment Agreement is or is held to be invalid, illegal,
or unenforceable under applicable law, such provision will be ineffective only
to the

 

2

 

extent of such invalidity, illegality, or
unenforceability, without invalidating the remainder of such provision or the
remaining provisions of the this Increased Commitment Agreement.  In addition, in the event any provision of or
obligation under this Increased Commitment Agreement is or is held to be
invalid, illegal, or unenforceable in any jurisdiction, the validity, legality,
and enforceability of the remaining provisions or obligations in any other
jurisdictions will not in any way be affected or impaired thereby.

 

7.                                       Section Titles.  Section and
Subsection titles in this Increased Commitment Agreement are included for
convenience of reference only, do not constitute a part of this Increased
Commitment Agreement for any other purpose, and have no substantive effect.

 

8.                                       Successors and Assigns.  This
Increased Commitment Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns.

 

9.                                       Applicable Law.  THIS
AGREEMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

 

10.                                 Counterparts.  This
Increased Commitment Agreement and any amendments, waivers, consents, or
supplements may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which, when so executed and
delivered, will be deemed an original and all of which shall together
constitute one and the same instrument.

 

11.                                 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 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.

 

 [Signature Page Follows]

 

3

 

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

 

 

	
   

  	
  INCREASING LENDERS:

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC CAPITAL

  CORPORATION, as
  Agent and a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ Ken A.
  Brown

  	
   

  
	
   

  	
   Its Duly Authorized Signatory

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $6,083,334.00

  
				

 

 

	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ Sandra
  Evans

  	
   

  
	
   

  	
  Title: Senior
  Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $9,416,666.00

  
				

 

 

	
   

  	
  THE CIT GROUP/BUSINESS CREDIT, INC.,

  as a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ Chad
  Ramsey

  	
   

  
	
   

  	
  Title: Vice
  President

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $12,250,000.00

  
				

 

 

	
   

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

  
	
   

  	
   

  
	
   

  	
  By: /s/ Beverly
  J. Gray

  	
   

  
	
   

  	
  Title: Regional
  Portfolio Manager

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $6,583,333.00

  
				

 

 

	
   

  	
  WACHOVIA CAPITAL FINANCE

  CORPORATION (CENTRAL), as a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ Vicky
  Best

  	
   

  
	
   

  	
  Title: Vice
  President

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $7,500,000.00

  
				

 

 

	
   

  	
  UPS CAPITAL CORPORATION, as a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ John P.
  Holloway

  	
   

  
	
   

  	
  Title: Director
  of Portfolio Management

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $2,333,333.00

  
				

 

 

	
   

  	
  FIFTH THIRD BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
  By: /s/ John T.
  Penny

  	
   

  
	
   

  	
  Title: Vice
  President

  	
   

  
	
   

  	
   

  
	
   

  	
  Revolving Loan Commitment: $5,833,334.00

  
				

 

 

	
   

  	
  OBLIGORS:

  
	
   

  	
   

  
	
   

  	
  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 Office

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]