Document:

Letter from the General Partner extending Management Agreements

 Exhibit 10.3(a) 
 June 1, 2011 
 AAA Capital Management Advisors, Ltd. 

1300 Post Oak Blvd. #350 
 Houston, Texas 77056

 Attention: Mr. Anthony Annunziato 
 Re: Management Agreement Renewal 
 Dear Mr. Annunziato: 

We are writing with respect to your management agreement concerning the commodity pools to which reference is made below (the “Management
Agreement”). We are extending the term of the Management Agreement through June 30, 2012 and all other provisions of the Management Agreement will remain unchanged. 

 

	 	•	 	 AAA Capital Energy Fund L.P. 

  

	 	•	 	 AAA Capital Energy Fund L.P. II 

  

	 	•	 	 AAA Master Fund LLC 

  

	 	•	 	 Orion Futures Fund L.P. 

  

	 	•	 	 Institutional Futures Portfolio L.P 

  

	 	•	 	 Global Futures Fund LTD 

  

	 	•	 	 Orion Futures Fund (Cayman) LTD. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1302. 
 Very truly yours, 
  

			
	CERES MANAGED FUTURES LLC
		
	By:	 	 /s/ Jennifer Magro

		 	Jennifer Magro
		 	Chief Financial Officer & Director
	
	AAA CAPITAL MANAGEMENT INC.
		
	By:	 	 /s/ Anthony Annunziato

		 	Print Name: Anthony Annunziato
	
	JM/srLetter extending the Management Agreement Chesapeake Capital Corporation

 Exhibit 10.1(a) 
 June 1, 2011 
 Chesapeake Capital Corporation 

17th Floor 
 Richmond Federal Reserve Building

 701 E Byrd Street 
 Richmond, Va
23219 
 Attention: Mr. John M. Hoade 
  

	 	Re:	Management Agreement Renewals  

 Dear
Mr. Hoade: 
 We are writing with respect to your management agreements concerning the commodity pools to which reference is made below
(the “Management Agreement”). We are extending the term of the Management Agreement through June 30, 2012 and all other provisions of the Management Agreement will remain unchanged. 

 

	 	•	 	 Tidewater Futures Fund L.P. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1302. 
 Very truly yours, 

 

					
	CERES MANAGED FUTURES LLC
		
	 By:
	 	 /s/ Jennifer Magro

		 	Jennifer Magro
		 	Chief Financial Officer & Director
	
	 CHESAPEAKE CAPITAL CORPORATION

		
	 By:
	 	 /s/ Richard S. Rusin

		 	Print Name:	 	Richard S. Rusin
		 		 	Chief Operating Officer
		
	JM/srLetter extending the Management Agreement Graham Capital Management L.P.

 Exhibit 10.4(a) 
 June 1, 2011 
 Graham Capital Management, L.P. 

Rock Ledge Financial Center 
 40 Highland Avenue

 Rowayton, CT 06853 
 Attention:
Mr. Paul Sedlack 
 Re: Management Agreement Renewals 
 Dear Mr. Sedlack: 
 We are writing with respect to your management agreements concerning the
commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2012 and all other provisions of the Management Agreements will remain unchanged.

  

	 	•	 	 Diversified 2000 Futures Fund L.P. 

  

	 	•	 	 Fairfield Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. 

  

	 	•	 	 Diversified Multi-Advisor Futures Fund L.P. II 

 

	 	•	 	 Tactical Diversified Futures Fund L.P. 

  

	 	•	 	 Fairfield Futures Fund L.P. II 

  

	 	•	 	 CMF Graham Capital Master Fund L.P. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1302. 
 Very truly yours, 
 CERES MANAGED FUTURES LLC 
  

			
	By:	 	/s/ Jennifer Magro
		 	Jennifer Magro
		 	Chief Financial Officer and Director
		
	By:	 	/s/ Paul Sedlack
	
	Print Name: Paul Sedlack

 JM/srLetter from the General Partner to Warrington extending Management Agreement

 Exhibit 10.1(b) 
 June 1, 2011 
 Warrington Asset Management 

200 Crescent Court — Suite 900 
 Dallas,
Texas 75201 
 Attention: Mr. Scott C. Kimple 
 Re: Management Agreement Renewal 
 Dear Mr. Kimple: 

We are writing with respect to your management agreement concerning the commodity pool to which reference is made below (the “Management
Agreement”). We are extending the term of the Management Agreement through June 30, 2012 and all other provisions of the Management Agreement will remain unchanged. 

 

	 	•	Warrington Fund L.P. 

 Please acknowledge
receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax to 212-296-6868. If you have any questions I can be reached at 212-296-1302. 

 

			
	Very truly yours,
	
	CERES MANAGED FUTURES LLC
		
	By:	 	/s/ Jennifer Magro
		 	Jennifer Magro
		 	Chief Financial Officer & Director

  

			
	WARRINGTON ASSET MANAGEMENT
		
	By:	 	/s/ Scott Kimple
	Print Name:	 	Scott Kimple
		
	JM/srAmended and Restated Employment Agreement, dated as of February 20, 2012

 Exhibit 10.19 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (this “Agreement”), dated as of February 20, 2012 (the “Commencement Date”), is made by and between Associated Materials LLC, a Delaware limited liability company (the
“Company”), and Brad Beard (“Executive”). 
 WHEREAS, the Company and Executive entered
into that certain Employment Agreement dated as of December 20, 2010 (the “Prior Agreement”); and 

WHEREAS, the Company desires to continue to employ Executive pursuant to the terms, provisions and conditions set forth in this
Agreement, which Agreement shall supersede the Prior Agreement effective as of the Commencement Date, and Executive desires to accept such continued employment. 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, the parties hereto, each intending to be legally bound hereby, agree as follows: 

1. Employment. On the terms and subject to the conditions set forth herein, the Company hereby employs Executive as the Senior
Vice President – New Business Development and National Sales of the Company, and Executive accepts such employment, for the Employment Term (as defined in Section 3). During the Employment Term, Executive shall report to the President and
Chief Executive Officer of the Company, performing such duties as shall be reasonably required of a senior vice president of a corporation of a similar size and nature to the Company, and shall have such other powers and perform such other duties as
may from time to time be assigned to him by the President and Chief Executive Officer of the Company and the Board of Directors of Carey Investment Holdings Corp. (the “Board”). To the extent requested by the Company’s
President and Chief Executive Officer or the Board, Executive shall also serve on any committees of the Board and/or as a director, officer or employee of Carey Investment Holdings Corp. (“Parent”) or any other person or entity
which, from time to time, is a direct or indirect subsidiary of Parent (Parent and each such subsidiary, person or entity, other than the Company, are hereinafter referred to collectively as the “Affiliates,” and individually as an
“Affiliate”). Executive’s service as a director of the Company or as a director, officer or employee of any Affiliate shall be without additional compensation. 

2. Performance. Executive will serve the Company faithfully and to the best of his ability and will devote his full business time,
energy, experience and talents to the business of the Company and the Affiliates; provided, that it shall not be a violation of this Agreement for Executive to manage his personal investments and business affairs, or to engage in or serve
such civic, community, charitable, educational, or religious organizations as he may reasonably select so long as such service does not interfere with Executive’s performance of his duties hereunder. 

3. Employment Term. Subject to earlier termination pursuant to Section 6, Executive’s term of employment hereunder shall
begin upon the Commencement Date and continue through the date which is three years following the Commencement Date; provided, that beginning on the third anniversary of the Commencement Date, and on each subsequent anniversary of the
Commencement Date, such term shall be automatically extended by an additional one year beyond the end of the then-current term, unless, at least 90 days before such second anniversary of the Commencement Date, or 90 days before any such
subsequent anniversary of the Commencement Date, the Board gives written notice to Executive that the Company does not desire to extend the term of this Agreement, in which case, the term of employment hereunder shall terminate as of the third
anniversary of the Commencement Date or the end of the then-current term, as applicable (the term of employment hereunder, including any extensions, in accordance with this Section 3, shall be referred to herein as the “Employment
Term”). 

  

 4. Compensation and Benefits. 

(a) Salary. As compensation for his services hereunder and in consideration of Executive’s other agreements hereunder, during
the Employment Term, the Company shall pay Executive a base salary, payable in equal installments in accordance with the Company’s payroll procedures, at an annual rate of $250,000, subject to annual review by the Board (or its compensation
committee) which may increase, but not decrease, Executive’s base salary. 
 (b) Annual Incentive
Bonus. Executive shall be entitled to participate in an annual incentive bonus arrangement established by the Company on terms and conditions substantially as set forth in Exhibit A hereto. Any annual incentive bonus to which
Executive is entitled under this Agreement for any calendar year shall be paid in a cash lump-sum within 30 days following the close of the books of Carey Intermediate Holdings Corp. (“Intermediate”) and completion of
Intermediate’s annual audit by its external accountants for such calendar year but in any event shall not be paid later than March 15th of the calendar year immediately following the calendar year to which the bonus relates. 

(c) Retirement, Medical, Dental and Other Benefits. During the Employment Term, Executive shall, in accordance with the terms and
conditions of the applicable plan documents and all applicable laws, be eligible to participate in the various retirement, medical, dental and other employee benefit plans made available by the Company, from time to time, for its executives.

 (d) Vacation; Sick Leave. During the Employment Term, Executive shall be entitled to not less than three weeks of
vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executive officers. 
 (e) Business Expenses. The Company shall reimburse or advance payment to Executive for all reasonable expenses actually incurred by him in connection with the performance of his duties hereunder in
accordance with policies established by the Company from time to time and subject to receipt by the Company of appropriate documentation. 
 5. Covenants of Executive. Executive acknowledges that in the course of his employment with the Company he has and will become familiar with the Company’s and the Affiliates’ trade
secrets and with other confidential information concerning the Company and the Affiliates, and that his services are of special, unique and extraordinary value to the Company and the Affiliates. Therefore, the Company and Executive mutually agree
that it is in the interest of both parties for Executive to enter into the restrictive covenants set forth in this Section 5 and that such restrictions and covenants are reasonable given the nature of Executive’s duties and the nature of
the Company’s business. 
 (a) Noncompetition. During the Employment Term and for the two year period following
termination of the Employment Term (the “Restricted Period”), Executive shall not, within any jurisdiction or marketing area in which the Company or any Affiliate is doing or is qualified to do business, directly or indirectly, own,
manage, operate, control, be employed by or participate in the ownership, management, operation or control of, or be connected in any manner with, any Business (as hereinafter defined); provided that Executive’s ownership of securities
of two percent (2%) or less of any class of securities of a public company shall not, by itself, be considered to be competition with the Company or any Affiliate. For purposes of this Agreement, “Business” shall mean the
manufacturing, production, distribution or sale of exterior residential building products, including, without limitation, vinyl siding, windows, fencing, decking, railings and garage doors, or any other business of a type and character engaged in by
the Company or an Affiliate during the Employment Term (including, without limitation, any business in which the Company or any Affiliate has specific plans to conduct in the future and as to which Executive was aware of such planning at or prior to
the time Executive’s employment is terminated). 

  
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 (b) Nonsolicitation. During the Employment Term and the Restricted Period, Executive
shall not, directly or indirectly, (i) hire or employ, solicit for employment or otherwise contract for the services of any individual who is or was an employee or consultant of the Company or any Affiliate; (ii) otherwise induce or
attempt to induce any employee or consultant of the Company or an Affiliate to leave the employ or service of the Company or such Affiliate, or in any way interfere with the relationship between the Company or any Affiliate and any employee or
consultant respectively thereof; or (iii) induce or attempt to induce any customer, supplier, licensee or other business relation of the Company or any Affiliate to cease doing business with the Company or such Affiliate, or interfere in any
way with the relationship between any such customer, supplier, licensee or business relation and the Company or any Affiliate. 

(c) Nondisclosure; Inventions. For the Employment Term and at all times thereafter, (i) Executive shall not divulge, transmit
or otherwise disclose (except as legally compelled by court order, and then only to the extent required, after prompt notice to the Board of any such order), directly or indirectly, other than in the regular and proper course of business of the
Company and the Affiliates, any customer lists, trade secrets or other confidential knowledge or information with respect to the operations or finances of the Company or any Affiliates or with respect to confidential or secret processes, services,
techniques, customers or plans with respect to the Company or the Affiliates, including, without limitation, any know-how, research and development, software, databases, inventions, processes, formulae, technology, designs and other intellectual
property, information concerning finances, investments, profits, pricing, costs, products, services, vendors, customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions,
government and regulatory activities and approvals concerning the past, current or future business, activities and operations of the Company and the Affiliates (all of the foregoing collectively hereinafter referred to as “Confidential
Information”), and (ii) Executive will not use, directly or indirectly, any Confidential Information for the benefit of anyone other than the Company and the Affiliates; provided, that Executive has no obligation, express or
implied, to refrain from using or disclosing to others any such knowledge or information which is or hereafter shall become available to the general public other than through disclosure by Executive. All Confidential Information, new processes,
techniques, know-how, methods, inventions, plans, products, patents and devices developed, made or invented by Executive, alone or with others, while an employee of the Company which are related to the business of the Company and the Affiliates
shall be and become the sole property of the Company, unless released in writing by the Board, and Executive hereby assigns any and all rights therein or thereto to the Company. 

(d) Nondisparagement. During the Employment Term and at all times thereafter, Executive shall not take any action to disparage or
criticize the Company or any Affiliate or their respective employees, directors, owners or customers or to engage in any other action that injures or hinders the business relationships of the Company or any Affiliate. Nothing contained in this
Section 5(d) shall preclude Executive from enforcing his rights under this Agreement. 
 (e) Return of Company
Property. All Confidential Information, files, records, correspondence, memoranda, notes or other documents (including, without limitation, those in computer-readable form) or property relating or belonging to the Company or an Affiliate,
whether prepared by Executive or otherwise coming into his possession in the course of the performance of his services under this Agreement, shall be the exclusive property of the Company and shall be delivered to the Company, and not retained by
Executive (including, without limitations, any copies thereof), promptly upon request by the Company and, in any event, promptly upon termination of the Employment Term. 
  

  
 3 

 (f) Enforcement. Executive acknowledges that a breach of his covenants contained in
this Section 5 may cause irreparable damage to the Company and the Affiliates, the exact amount of which would be difficult to ascertain, and that the remedies at law for any such breach or threatened breach would be inadequate. Accordingly,
Executive agrees that if he breaches or threatens to breach any of the covenants contained in this Section 5, in addition to any other remedy which may be available at law or in equity, the Company and the Affiliates shall be entitled to
specific performance and injunctive relief to prevent the breach or any threatened breach thereof without bond or other security or a showing that monetary damages will not provide an adequate remedy. 

(g) Scope of Covenants. The Company and Executive further acknowledge that the time, scope, geographic area and other provisions
of this Section 5 have been specifically negotiated by sophisticated commercial parties and agree that all such provisions are reasonable under the circumstances of the activities contemplated by this Agreement. In the event that the agreements
in this Section 5 shall be determined by any court of competent jurisdiction to be unenforceable by reason of their extending for too great a period of time or over too great a geographical area or by reason of their being too extensive in any
other respect, they shall be interpreted to extend only over the maximum period of time for which they may be enforceable and/or over the maximum geographical area as to which they may be enforceable and/or to the maximum extent in all other
respects as to which they may be enforceable, all as determined by such court in such action. 
 6. Termination. The
employment of Executive hereunder shall automatically terminate at the end of the Employment Term. The employment of Executive hereunder and the Employment Term may also be terminated at any time by the Company with or without Cause. For purposes of
this Agreement, except as otherwise provided in Section 8, “Cause” shall mean: (i) embezzlement, theft or misappropriation by Executive of any property of the Company or an Affiliate; (ii) any breach by Executive of
Executive’s covenants under Section 5; (iii) any breach by Executive of any other material provision of this Agreement which breach is not cured, to the extent susceptible to cure, within 30 days after the Company has given
written notice to Executive describing such breach; (iv) willful failure by Executive to perform the duties of his employment hereunder which continues for a period of 14 days following written notice thereof by the Company to Executive;
(v) the conviction of, or a plea of nolo contendere (or a similar plea) to, any criminal offense that is a felony or involves fraud, or any other criminal offense punishable by imprisonment of at least one year or materially injurious to the
business or reputation of the Company or an Affiliate involving theft, dishonesty, misrepresentation or moral turpitude; (vi) gross negligence or willful misconduct on the part of Executive in the performance of his duties as an employee,
officer or director of the Company or an Affiliate; (vii) Executive’s breach of his fiduciary obligations to the Company or an Affiliate; (viii) Executive’s commission of intentional, wrongful damage to property of the Company or
an Affiliate; (ix) any chemical dependence of Executive which adversely affects the performance of his duties and responsibilities to the Company or an Affiliate; or (x) Executive’s violation of the Company’s or an
Affiliate’s code of ethics, code of business conduct or similar policies applicable to Executive. The existence or non-existence of Cause shall be determined in good faith by the Board. The employment of Executive may also be terminated at any
time by Executive by notice of resignation delivered to the Company not less than 90 days prior to the effective date of such resignation. 
 7. Severance for Terminations Other Than During the Post-Change Period. Except as otherwise provided in Section 8 and subject to Section 9, if Executive’s employment hereunder is
terminated during the Employment Term (other than during the Post-Change Period) by the Company or is terminated due to expiration of the Employment Term following notice by the Company not to extend the Employment Term in accordance with
Section 3, in each case other than for Cause or due to disability (as determined in the good faith discretion of the Board) or death, Executive shall be entitled to receive as severance: (i) an amount equal to Executive’s base salary
pursuant to Section 4(a) (at the rate in effect 

  
 4 

 
immediately prior to the Termination Date) plus, solely if such termination occurs after December 20, 2012 but on or prior to June 19, 2013, an amount equal to Executive’s Target
Bonus (as defined on Exhibit A attached hereto), which severance shall be payable, commencing no earlier than the sixty-first day following such termination, in 12 equal monthly installments (other than the first such installment, which shall
include all amounts that would otherwise have been paid to Executive if payment had commenced immediately following such termination of employment) in accordance with the Company’s payroll procedures over the 12-month period following the date
of Executive’s termination (such 12-month period, the “Severance Period”); (ii) continued medical and dental benefits described in Section 4(c) for the Severance Period, at the same rate of employee and Company shared
costs of such coverage as in effect from time to time for active employees of the Company; and (iii) a pro rata portion (based on the number of days Executive was employed by the Company during the calendar year of termination) of any annual
incentive bonus otherwise payable in accordance with Section 4(b) for the year of termination of Executive’s employment, payable no earlier than the date on which such bonus, if any, would have been paid under the applicable plan or policy
of the Company absent such termination of employment, but no later than March 15th of the calendar year immediately following the calendar year of such termination. With respect to any such continued medical and dental benefits described in clause (ii) of the first sentence of
this Section 7 for which Executive is eligible, (I) if the Company cannot continue such benefits without adverse tax consequences to Executive or the Company or for any other reason, the Company shall pay Executive for the cost of such
benefits; (II) such benefits shall be discontinued in the event Executive becomes eligible for similar benefits from a successor employer (and Executive’s eligibility for any such benefits shall be reported by Executive to the Company);
and (III) Executive’s period of “continuation coverage” for purposes of Section 4980B of the Internal Revenue Code of 1986, as amended (the “Code”), shall be deemed to commence on the date of
Executive’s termination of employment. 
 8. Post-Change Period. 

(a) Termination During the Post-Change Period. If Executive’s employment is terminated by the Company or an Affiliate during
the “Post-Change Period” (as defined below), then, subject to Section 9, Executive shall be entitled to the benefits provided by Section 8(c) unless such termination is the result of the occurrence of one or more of the following
events: 
 (i) Executive’s death; 

(ii) Executive’s employment is terminated by the Company or an Affiliate due to disability (as determined in the good
faith discretion of the Board); or 
 (iii) Cause (as defined in Section 8(e)(i)). 

If, during the Post-Change Period, Executive’s employment is terminated by the Company or an Affiliate as described in clause (i),
(ii) or (iii) of this Section 8(a), Executive will not be entitled to the benefits provided by Section 8(c). 
 (b) Good Leaver Termination by Executive. Executive may terminate employment with the Company during the Post-Change Period with the right to severance compensation as provided in Section 8(c)
upon the occurrence of one or more of the following events without Executive’s prior written consent (regardless of whether any other reason, other than death, disability (as determined in the good faith discretion of the Board) or Cause, for
such termination has occurred, including other employment) and any termination following the occurrence of one or more of such events shall hereafter be referred to as a “Good Leaver Termination”: 

(i) the failure to maintain Executive in the position, or a substantially equivalent or superior position, with the
Company and/or with a direct or indirect parent company of the Company that Executive held on the Commencement Date, which is not remedied by the Company within 10 calendar days after receipt by the Company of notice from Executive of such failure;

  
 5 

 (ii) (A) a reduction in Executive’s base salary pursuant to
Section 4(a) hereof or (B) the termination or significant reduction in the aggregate of Executive’s right to participate in employee benefit plans or programs of the Company as in effect on the date hereof (other than Incentive Pay
(as hereinafter defined) or any other bonus, incentive or stock or equity-based compensation or benefits), in either case which is not remedied by the Company within 10 calendar days after receipt by the Company of notice from Executive of such
reduction or termination; 
 (iii) a reduction or elimination of Executive’s opportunity to earn Incentive
Pay pursuant to any plan or program in effect on the date hereof which is not remedied by the Company within 10 calendar days after receipt by the Company of notice from Executive of such reduction or elimination (for the avoidance of doubt, changes
in the value or performance of the Company or an Affiliate or successor of either shall not be considered a reduction or elimination of Executive’s opportunity to earn Incentive Pay); or 

(iv) the Company requires Executive to have his principal place of work changed to any location that is more than 35
miles from the location thereof on the date hereof. 
 (c) Post-Change Period Severance. If the Company or an Affiliate
terminates Executive’s employment during the Post-Change Period other than as described in clause (i), (ii) or (iii) of Section 8(a), or if Executive terminates his employment pursuant to a Good Leaver Termination, Executive
shall not be entitled to the severance compensation described in Section 7, and, subject to Section 9, the Company will instead pay or provide to Executive the following payments and benefits: 

(1) A lump sum payment in an amount equal to all Base Pay and Incentive Pay (other than for the calendar year of such
termination of employment) owed to Executive for periods on or prior to the Termination Date, which payment shall be made no later than the first regularly scheduled payroll period following the Termination Date. 

(2) An amount equal to the sum of (x) two times Executive’s base salary pursuant to Section 4(a) (at the
rate in effect immediately prior to the Termination Date) and (y) two times Incentive Pay (in an amount equal to the highest amount of Incentive Pay earned by Executive in 2007, 2008 or 2009), which amount shall be payable, commencing no
earlier than the sixty-first day following such termination, in twenty-four (24) equal monthly installments (other than the first such installment, which shall include all amounts that would otherwise have been paid to Executive if payment
had commenced immediately following such termination of employment) in accordance with the Company’s payroll procedures over the 24-month period following the date of Executive’s termination. 

(3) In the event that the Termination Date occurs after June 30th in any calendar year, a lump sum payment equal to one times
Incentive Pay for such calendar year, multiplied by a fraction, the numerator of which is the number of days between (and including) January 1st of the calendar year in which the Termination Date occurs and the Termination Date, and the denominator of which is
365, which amount shall be payable no earlier than the date on which such Incentive Pay, if any, would have been paid under the applicable plan or policy of the Company absent such termination of employment, but no later than March 15th of the calendar year immediately following the calendar year of such
termination. 

  
 6 

 (4) For a period of 24 months following the Termination Date (the
“Continuation Period”), the Company will provide Executive with medical, dental and life insurance benefits consistent with the terms in effect for such benefits for active employees of the Company during the Continuation Period. If
and to the extent that any benefit described in this Section 8(c)(4) is not or cannot be paid or provided under any Company plan or program without adverse tax consequences to Executive or the Company or for any other reason, then the Company
shall pay Executive for the cost of such benefits. Without otherwise limiting the purposes of Section 8(d), employee benefits otherwise receivable by Executive pursuant to this Section 8(c)(4) will be reduced to the extent comparable
welfare benefits are actually received by Executive from another employer during the Continuation Period following Executive’s Termination Date, and any such benefits actually received by Executive shall be reported by Executive to the Company.
The foregoing to the contrary notwithstanding, to the extent required in order to comply with Section 409A of the Code, in no event shall any such benefits be provided beyond the end of the second calendar year that begins after
Executive’s “separation from service” within the meaning of Section 409A of the Code. 
 (5)
The Company will provide Executive outplacement services in the amount of $30,000. 
 (d) No Mitigation Obligation; Effect on
Other Rights. The payment of the severance compensation by the Company to Executive in accordance with the terms of this Section 8 is hereby acknowledged by the Company to be reasonable, and Executive will not be required to mitigate the
amount of any payment provided for in this Section 8 by seeking other employment or otherwise, except as expressly provided in the penultimate sentence of Section 8(c)(4). This Section 8 will not affect any rights (other than any
rights to severance, termination, retention or similar compensation or benefits) that Executive may have pursuant to any agreement, plan or policy of the Company or a subsidiary thereof providing employee benefits, which rights shall be governed by
the terms thereof. 
 (e) Certain Defined Terms. The following terms have the following meanings when used in this
Section 8: 
 (i) “Cause” means that Executive shall have: 

(1) been convicted of a criminal violation involving fraud, embezzlement or theft 

(2) committed intentional wrongful damage to property of the Company or any Affiliate; or 

(3) committed intentional wrongful disclosure of confidential information of the Company or any Affiliate. 

Nothing herein will limit the right of Executive or his beneficiaries to contest the validity of any determination by the Company to terminate Executive
for Cause. 
 (ii) “Incentive Pay” means the annual incentive bonus arrangement described in
Section 4(b). 

  
 7 

 (iii) “Post-Change Period” means the period of time ending
on December 20, 2012. 
 (iv) “Termination Date” means the date on which Executive’s
employment with the Company and its Affiliates is terminated. 
 9. Termination of Compensation and Benefits; Execution of
Release; Coordination of Provisions. If Executive’s employment terminates otherwise than in a termination entitling him to severance pay and benefits pursuant to Section 7 or Section 8, Executive shall not be entitled to any
severance, termination pay or similar compensation or benefits, provided that Executive shall be entitled to any benefits then due or accrued in accordance with the applicable employee benefit plans of the Company or applicable law, including
“continuation coverage” under the Company’s group health plans for purposes of Section 4980B of the Code. As a condition of receiving any severance compensation for which Executive otherwise qualifies under Section 7 or
Section 8, Executive agrees to execute within sixty (60) days following the date of Executive’s termination of employment a general release in favor of the Company in substantially the form set forth hereto as Exhibit B, such
release to be delivered, and to have become fully irrevocable, on or before the end of such 60-day period. It is expressly agreed and understood that if such a release has not been executed and delivered and become fully irrevocable by the end of
such 60-day period, no amounts or benefits under Section 7 or 8 shall be or become payable (except that any continued medical, dental or life insurance benefits may be provided during such 60-day period pursuant to Section 7 or 8, as the
case may be, but will cease to be provided on the last day of such period). Any severance compensation and benefits to which Executive may be entitled under Section 8 shall be in lieu of any severance compensation or benefits to which Executive
may be entitled under Section 7. Executive acknowledges and agrees that, except as specifically described in Section 7 and Section 8, all of Executive’s rights to any compensation, benefits (other than base salary earned through
the date of termination of employment and any benefits due or accrued prior to termination of employment in accordance with the applicable employee benefit plans of the Company or applicable law), bonuses or severance from the Company or any
Affiliate after termination of the Employment Term shall cease upon such termination. 
 10. Limitation on Payments and
Benefits. Notwithstanding any provision of this Agreement to the contrary, no amount or benefit shall be paid or provided under this Agreement or otherwise to an extent or in a manner that would result in payments or benefits (or other
compensation) not being fully deductible by the Company or an Affiliate for federal income tax purposes because of Section 280G of the Code, or any successor provision thereto (or that would result in Executive being subject to the excise tax
imposed by Section 4999 of the Code, or any successor provision thereto). The determination of whether any such payments or benefits to be provided under this Agreement or otherwise would not be so deductible (or whether Executive would be
subject to such excise tax) shall be made at the expense of the Company, if requested by either Executive or the Company, by a firm of independent accountants or a law firm selected by the Company and reasonably acceptable to Executive. In the event
that any payment or benefit intended to be provided under this Agreement or otherwise would constitute a “parachute payment,” as defined in Section 280G of the Code, the Company shall designate the payments and/or benefits (beginning
with cash payments) to be reduced or modified so that the Company or an Affiliate is not denied any federal income tax deductions for any such parachute payment because of Section 280G of the Code (or so that Executive is not subject to the
excise tax imposed by Section 4999 of the Code). 
 11. Notice. Any notices required or permitted hereunder shall be
in writing and shall be deemed to have been given when personally delivered or when mailed, certified or registered mail, or sent by reputable overnight courier, postage prepaid, to the addresses set forth as follows: 

If to the Company: 

  
 8 

 Associated Materials LLC 

3773 State Road 

Cuyahoga Falls, OH 44223 
 With copies, which shall not constitute notice, to: 
 Carey Investment Holdings
Corp. 
 c/o Hellman & Friedman LLC 
 One Maritime Plaza, 12th Floor 
 San Francisco, CA 94111 

Attention: Erik Ragatz and Arrie Park, Esq. 
 -and- 
 Simpson Thacher & Bartlett LLP 

2550 Hanover Street 
 Palo Alto, CA 94304 
 Attention: Chad Skinner, Esq. and Tristan Brown, Esq.

 If to Executive, to such address as shall most currently appear on the records of the Company. 

or to such other address as shall be furnished in writing by either party to the other party; provided that such notice or change in address shall be
effective only when actually received by the other party. 
 12. General. 

(a) GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE APPLIED.
IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF
SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. ANY ACTION TO ENFORCE THIS AGREEMENT AND/OR THE EXHIBITS HERETO MUST BE BROUGHT IN, AND THE PARTIES HEREBY CONSENT TO THE JURISDICTION OF, A COURT SITUATED IN THE CITY OF WILMINGTON, DELAWARE. EACH
PARTY HEREBY WAIVES THE RIGHTS TO CLAIM THAT ANY SUCH COURT IS AN INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION. EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY
FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 (b) Construction and Severability. If any provision of this
Agreement shall be held invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired, and the parties undertake to
implement all efforts which are necessary, desirable and sufficient to amend, supplement or substitute all and any such invalid, illegal or unenforceable provisions with enforceable and valid provisions which would produce as nearly as may be
possible the result previously intended by the parties without renegotiation of any material terms and conditions stipulated herein. 

  
 9 

 (c) Assignability. Executive may not assign his interest in or delegate his duties
under this Agreement. This Agreement is for the employment of Executive, personally, and the services to be rendered by him under this Agreement must be rendered by him and no other person. This Agreement shall be binding upon and inure to the
benefit of and be enforceable by the Company and its successors and assigns. Without limiting the foregoing and notwithstanding anything else in this Agreement to the contrary, the Company may assign this Agreement to, and all rights hereunder shall
inure to the benefit of, any subsidiary of the Company or any person, firm or corporation resulting from the reorganization of the Company or succeeding to the business or assets of the Company by purchase, merger, consolidation or otherwise.

 (d) Warranty by Executive. Executive represents and warrants to the Company that Executive is not subject to any
contract, agreement, judgment, order or decree of any kind, or any restrictive agreement of any character, that restricts Executive’s ability to perform his obligations under this Agreement or that would be breached by Executive upon his
performance of his duties pursuant to this Agreement, and Executive shall indemnify and hold harmless the Company and the Affiliates from and against any and all liabilities, losses, claims, obligations or the like arising from or in connection with
any breach of, or inaccuracy in, Executive’s representations and warranties contained in this sentence. 
 (e)
Compliance with Rules and Policies. Executive shall perform all services in accordance with the lawful policies, procedures and rules established by the Company and the Board. In addition, Executive shall comply with all laws, rules and
regulations that are generally applicable to the Company or its subsidiaries and their respective employees, directors and officers. 
 (f) Withholding Taxes. All amounts payable hereunder shall be subject to the withholding of all applicable taxes and deductions required by any applicable law. 

(g) Entire Agreement; Modification; Effectiveness of Agreement. This Agreement constitutes the entire agreement of the parties
hereto with respect to the subject matter hereof, supersedes all prior agreements and undertakings (including, without limitation, the Prior Agreement), both written and oral, and may not be modified or amended in any way except in writing by the
parties hereto. 
 (h) Duration. Notwithstanding the Employment Term hereunder, this Agreement shall continue for so long
as any obligations remain under this Agreement. 
 (i) Termination On or After Expiration of the Employment Term. Unless
the Company and Executive otherwise agree in writing, any continuation of Executive’s employment with the Company and its Affiliates beyond the expiration of the Employment Term shall be deemed an employment “at will” and shall not be
deemed to extend any of the provisions of this Agreement (other than as provided in Section 12(j) below), and Executive’s employment may thereafter be terminated “at will” by Executive or the Company. 

(j) Survival. The covenants set forth in Section 5 and the parties’ respective rights and obligations under
Section 8 shall survive and shall continue to be binding upon Executive and the Company, as the case may be, in accordance with their terms, notwithstanding the termination or expiration of this Agreement or the termination of Executive’s
employment for any reason whatsoever. 

  
 10 

 (k) Waiver. No waiver by either party hereto of any of the requirements imposed by
this Agreement on, or any breach of any condition or provision of this Agreement to be performed by, the other party shall be deemed a waiver of a similar or dissimilar requirement, provision or condition of this Agreement at the same or any prior
or subsequent time. Any such waiver shall be express and in writing, and there shall be no waiver by conduct. Pursuit by either party of any available remedy, either in law or equity, or any action of any kind, does not constitute waiver of any
other remedy or action. Such remedies are cumulative and not exclusive. 
 (l) Counterparts. This Agreement may be
executed in two or more counterparts, all of which taken together shall constitute one instrument. 
 (m)
Section References. The words Section and paragraph herein shall refer to provisions of this Agreement unless expressly indicated otherwise. 
 [Signature page follows] 

  
 11 

 IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have hereunto
executed this Agreement as of the day and year first written above. 
  

	
	ASSOCIATED MATERIALS LLC
	
	/s/ Jerry W. Burris
	By: Jerry W. Burris
	Its: President and Chief Executive Officer
	
	EXECUTIVE
	
	/s/ Brad Beard
	Brad Beard

 [Signature Page to Beard Amended and Restated Employment Agreement] 

 

 EXHIBIT A 

Annual Incentive Bonus 

Executive is eligible to receive an annual bonus under the Company’s Senior Executive Incentive Compensation Program, with a target bonus equal to
60% of base salary (the “Target Bonus”), and an annual maximum bonus opportunity of 156% of base salary. With respect to each fiscal year, the amount of annual bonus payable will be based upon the achievement of both (i) an
Adjusted EBITDA goal (the “EBITDA Bonus”) and (ii) other operating metrics (the “OM Bonus”). The EBITDA Bonus will constitute at least 50% of the Target Bonus. For the OM Bonus, the applicable operating metrics
for each fiscal year, as well as the bonus ranges for these metrics, will be mutually agreed by the Company and the Company’s Chief Executive Officer within the first 90 days of each such fiscal year. 

For purposes of Executive’s annual incentive bonus and the computation thereof: 

 

	 	1.	Base salary shall mean the annual rate of base salary in effect under this Agreement as of December 31 of the calendar year to which the bonus relates.

  

	 	2.	“Adjusted EBITDA” means the “EBITDA” of Intermediate for the applicable fiscal year, as such term is as defined in the Indenture, except that
clause (1)(i) of such definition shall not apply for purposes of this Agreement. “Indenture” means the Indenture dated as of October 13, 2010 among Carey Acquisition Corp., AMH New Finance, Inc. (formerly known as Carey
New Finance, Inc.), Associated Materials, LLC, Wells Fargo Bank, National Association and the other parties thereto, as amended from time to time. 

  

	 	3.	Adjusted EBITDA targets will be adjusted by the Board (or its compensation committee) in good faith to reflect each acquisition or disposition by the Company or any of
its Affiliates subsequent to the Commencement Date of any business, operation, entity (including the acquisition of only a portion of an entity whose results will be consolidated by the Company in accordance with generally accepted accounting
principles), division of any entity or any assets outside the ordinary course of business. If the Company or any Affiliate makes such an acquisition or disposition in a given fiscal year, the Adjusted EBITDA target for such fiscal year and
subsequent fiscal years, if applicable, shall be proportionately adjusted, fairly and appropriately, and only to the extent deemed necessary by the Board (or its compensation committee) (after consultation with the Company’s accountants), in
the exercise of its good faith judgment, in order to accurately reflect the direct and measurable effect such acquisition or disposition has or is reasonably expected to have on such Adjusted EBITDA target(s). In addition, to the extent applicable,
Adjusted EBITDA target(s) will be adjusted by the Board (or its compensation committee) (after consultation with the Company’s accountants) in good faith to reflect any changes in generally accepted accounting principles promulgated by
accounting standard setters in order to accurately reflect the effect of such changes on such Adjusted EBITDA target(s). The intent of such adjustments is to keep the probability of achieving the Adjusted EBITDA targets the same as if the event
triggering such adjustment had not occurred. The Board’s (or its compensation committee’s) determination of such necessary adjustment(s) shall be made within 90 days following the completion or closing of such event, as applicable, and
shall be based on the Company’s accounting as set forth in its books and records and on the Company’s financial plan pursuant to which the Adjusted EBITDA targets were originally established. Any such adjustment(s) made in good faith shall
be final and binding on all persons. 

 EXHIBIT B 

GENERAL RELEASE 
 THIS AGREEMENT AND RELEASE, dated as of                 , 20         (this
“Agreement”), is entered into by and between Brad Beard (“Executive”) and Associated Materials LLC (the “Company”). 
 WHEREAS, Executive is currently employed with the Company; and 

WHEREAS, Executive’s employment with the Company will terminate effective as of
            , 20    ; 
 NOW, THEREFORE,
in consideration of the mutual promises and covenants contained in this Agreement and other good and valuable consideration, Executive and the Company hereby agree as follows: 
 1. Executive shall be provided severance pay and other benefits (the “Severance Benefits”) in accordance with the terms and conditions of [Section 7/Section 8] of the employment agreement
by and between Executive and the Company, dated as of February 20, 2012 (the “Employment Agreement”); provided that, no such Severance Benefits shall be paid or provided if Executive revokes this Agreement
pursuant to Section 5 below. 
 2. Executive, for and on behalf of himself and Executive’s heirs, successors, agents,
representatives, executors and assigns, hereby waives and releases any common law, statutory or other complaints, claims, demands, expenses, damages, liabilities, charges or causes of action (each, a “Claim”) arising out of or
relating to Executive’s employment or termination of employment with, Executive’s serving in any capacity in respect of, or Executive’s status at any time as a holder of any securities of, any of the Company and any of its affiliates
(collectively, the “Company Group”), both known and unknown, in law or in equity, which Executive may now have or ever had against any member of the Company Group or any equityholder, agent, representative, administrator, trustee,
attorney, insurer, fiduciary, employee, director or officer of any member of the Company Group, including their successors and assigns (collectively, the “Company Releasees”), including, without limitation, any claim for any
severance benefit which might have been due Executive under any previous agreement executed by and between any member of the Company Group and Executive, and any complaint, charge or cause of action arising out of his employment with the Company
Group under the Age Discrimination in Employment Act of 1967 (“ADEA,” a law which prohibits discrimination on the basis of age against individuals who are age 40 or older), the National Labor Relations Act, the Civil Rights Act of
1991, the Americans with Disabilities Act of 1990, Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Family Medical Leave Act, the Equal Pay Act, the Securities Act of 1933, the Securities
Exchange Act of 1934, the Rehabilitation Act of 1973, the Worker Adjustment and Retraining Notification Act, and Ohio’s Fair Employment Practices Act, all as amended; and all other federal, state and local statutes, ordinances and regulations.
By signing this Agreement, Executive acknowledges that Executive intends to waive and release any rights known or unknown Executive may have against the Company Releasees under these and any other laws; provided that, Executive does
not waive or release Claims (i) with respect to the right to enforce this Agreement or those provisions of the Employment Agreement that expressly survive the termination of Executive’s employment with the Company, (ii) with respect
to any vested right Executive may have under any employee pension or welfare benefit plan of the Company Group, or (iii) any rights to indemnification preserved by Section 5 of the Employment Agreement or under any applicable
indemnification agreement, any D&O insurance policy applicable to Executive and/or the Company’s certificates of incorporation, charter and by-laws, or (iv) with respect to any claims that cannot legally be waived. 

 3. Executive acknowledges that Executive has been given twenty-one (21) days from the
date of receipt of this Agreement to consider all of the provisions of the Agreement and, to the extent he has not used the entire 21-day period prior to executing the Agreement, he does hereby knowingly and voluntarily waive the remainder of said
21-day period. EXECUTIVE FURTHER ACKNOWLEDGES THAT HE HAS READ THIS AGREEMENT CAREFULLY, HAS BEEN ADVISED BY THE COMPANY TO CONSULT AN ATTORNEY, AND FULLY UNDERSTANDS THAT BY SIGNING BELOW HE IS GIVING UP CERTAIN RIGHTS WHICH HE MAY HAVE TO SUE OR
ASSERT A CLAIM AGAINST ANY OF THE COMPANY RELEASEES, AS DESCRIBED HEREIN AND THE OTHER PROVISIONS HEREOF. EXECUTIVE ACKNOWLEDGES THAT HE HAS NOT BEEN FORCED OR PRESSURED IN ANY MANNER WHATSOEVER TO SIGN THIS AGREEMENT AND EXECUTIVE AGREES TO ALL OF
ITS TERMS VOLUNTARILY. 
 4. Executive shall have seven (7) days from the date of Executive’s execution of this
Agreement to revoke the release, including with respect to all claims referred to herein (including, without limitation, any and all claims arising under ADEA). If Executive revokes the Agreement, Executive will be deemed not to have accepted the
terms of this Agreement. 
 5. Executive hereby agrees not to defame or disparage any member of the Company Group or any
executive, manager, director, or officer of any member of the Company Group in any medium to any person without limitation in time. The Company hereby agrees that its board of directors and the executives, managers and officers of the members of the
Company Group shall not defame or disparage Executive in any medium to any person without limitation in time. Notwithstanding this provision, either party may confer in confidence with his or its legal representatives and make truthful statements as
required by law. 
 [Signature page follows] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

	
	ASSOCIATED MATERIALS LLC
	
	  
	By:
	Its:
	
	EXECUTIVE
	
	 
	Brad Beard

  
 3

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