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Exhibit 4.2    
  

FIRST SUPPLEMENTAL INDENTURE  

        First supplemental Indenture dated as of July 22, 2002 ("First Supplemental
Indenture") by and between Louisiana-Pacific Canada Ltd. ("Louisiana-Pacific Canada"), a company incorporated under the
laws of British Columbia, and Laurentian Trust of Canada Inc., a trust company incorporated under the laws of Québec, as trustee (the
"Trustee"), to the Senior Installment Note Indenture dated as of September 14, 1999 between Louisiana-Pacific Acquisition Inc.
("Louisiana-Pacific Acquisition"), Louisiana-Pacific Corporation (the "Guarantor"), and the Trustee (the
"Indenture"). Unless otherwise defined herein, all capitalized terms used in this First Supplemental Indenture have the respective meanings set forth in
the Indenture. 

        Whereas, the Louisiana-Pacific Acquisition has created and issued, the Trustee has certified and there have been delivered pursuant to the
Indenture $201,498,000 aggregate principal amount of Senior Installment Notes (the "Notes"); 

        Whereas, pursuant to the dissolution of Louisiana-Pacific Acquisition and its liquidation into Louisiana-Pacific Canada, Louisiana-Pacific
Acquisition has transferred all of its assets to Louisiana-Pacific Canada (the "Liquidation"); 

        Whereas, pursuant to Article IX of the Indenture, Louisiana-Pacific Canada desires, in connection with the Liquidation, to
(i) succeed to, and be substituted for, and exercise every right and power of Louisiana-Pacific Acquisition under the Indenture and (ii) assume all of the covenants and obligations of
Louisiana-Pacific Acquisition pursuant to the Indenture, with the same effect as if Louisiana-Pacific Canada had been named as Louisiana-Pacific Acquisition therein; 

        Whereas, all acts and proceedings required by law and the Indenture to authorize, approve and constitute this First Supplemental Indenture
as a valid and binding agreement for the uses and purposes set forth herein, in accordance with its terms, have been done and taken, and the execution and delivery of this First Supplemental Indenture
have in all respects been duly authorized by Louisiana-Pacific Canada; and 

        Whereas, the foregoing recitals are made as representations or statements of fact by Louisiana-Pacific Canada and not by the Trustee. 

        Now, therefore, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Louisiana-Pacific Canada and the Trustee hereby agree as follows: 

        1.    Louisiana-Pacific Canada hereby assumes all of the covenants and obligations of Louisiana-Pacific Acquisition under the
Indenture and in respect of the Notes. 

        2.    Louisiana-Pacific Canada hereby acknowledges that the Notes are valid and binding obligations of Louisiana-Pacific Canada
entitling the Holders thereof, as against Louisiana-Pacific Acquisition, to all the rights of Note Holders under the Indenture. 

        3.    Louisiana-Pacific Canada hereby acknowledges that, upon the Liquidation, Louisiana-Pacific Canada succeeds to, and is
substituted for, and may exercise every right and power of Louisiana-Pacific Acquisition under the Indenture with the same effect as if Louisiana-Pacific Canada had been named as Louisiana-Pacific
Acquisition therein. 

        4.    This First Supplemental Indenture may be executed in several counterparts, each of which when so executed shall be deemed
to be an original, and such counterparts together shall constitute the one and the same instrument and notwithstanding their date of execution shall be deemed to bear date as of July 22, 2002.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. 

 

        5.    In case any provision in this First Supplemental Indenture shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby 

        6.    All provisions of this First Supplemental Indenture shall be deemed to be incorporated in, and made a part of, the
Indenture; and the Indenture, as amended and supplemented by this First Supplemental Indenture, shall be read, taken and construed as one and the same instrument. 

        7.    The parties hereto have specifically requested that this First Supplemental Indenture and all documents and notices
related thereto be drawn up in the English language. Les parties aux présentes ont expressément demandé que ce premier acte supplémentaire
ainsi que tous les documents et avis qui s'y rattachent et qui en découlent, soient rédigés dans la langue anglaise. 

        In
Witness Whereof, the parties have caused this First Supplemental Indenture to be executed all as of the day and year first above written. 

	Laurentian Trust of Canada Inc.	 	Louisiana-Pacific Canada Ltd.
	

By:	

 	

 	
 	

By:	

 	

 
	 	Name:

Title:	 	 	 	Name:

Title	 
	

 	

 	

 	
 	

 	

	 	 	 	 	 	Name:

Title:	 
	

 	

 	

 	
 	

 	

	 	 	 	 	 	Name:

Title:	 

2

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Exhibit 10.1(a)    
  

CONSENT AND FIRST AMENDMENT  

        THIS CONSENT AND FIRST AMENDMENT (this "Consent"), dated as of December 30, 2001, is entered into by and
among LOUISIANA-PACIFIC CORPORATION, a Delaware corporation (the "Borrower"), BANK OF AMERICA, N.A., as agent for the Lenders (the
"Administrative Agent") and those financial institutions parties to the Credit Agreement as defined below (collectively, the
"Lenders") signatory hereto. 

RECITALS  

        A.    The Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement dated as of November 15, 2001 (the
"Credit Agreement"), pursuant to which the Administrative Agent and the Lenders have extended certain credit facilities to the Borrower. 

        B.    The
Borrower has informed the Administrative Agent and the Lenders that for the four consecutive fiscal quarter period ended December 31, 2001, the Borrower will
record in its financial statements certain non-cash unusual charges that, unless excluded from the calculation of Consolidated Net Income, could cause the Borrower to be in breach or come
close to being in breach of the financial covenant as set forth in Section 7.16(c) of the Credit Agreement. The Borrower has requested that the Lenders consent to the exclusion of such
non-cash unusual charges from the calculation of Consolidated Net Income for the four consecutive fiscal quarter period ended December 31, 2001, and the Lenders have agreed to do so
subject to the terms and conditions of this Consent. 

        C.    In
connection with the Canadian Credit Facility, Royal Bank of Canada ("RBC") has requested that Louisiana-Pacific
Canada Ltd. and its Subsidiaries grant a security interest in warehouse receipts and bills of lading to secure their obligations under the Canadian Credit Facility. RBC has requested that the
Borrower obtain consent from the Administrative Agent and the Required Lenders to amend the Credit Agreement with respect thereto. 

        NOW,
THEREFORE, the parties hereto hereby agree as follows: 

        1.    Defined Terms.  Uless otherwise defined herein, capitalized terms used herein shall have the meanings assigned
to them in the Credit Agreement. 

        2.    Consent.  The Lenders hereby consent to the exclusion from the calculation of Consolidated Net Income, for the
period ended December 31, 2001 only, of an amount not to exceed $10,200,000 arising from non-cash unusual charges in the quarter ended March 31, 2001, and an amount not to
exceed $2,000,000 arising from non-cash unusual charges in the quarter ended June 30, 2001. 

        3.    Amendment.  Section 7.01(n) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 

        (n)  Liens
upon the accounts receivable, inventory, warehouse receipts, bills of lading, books and records related thereto, and proceeds thereof of Louisiana-Pacific
Canada Ltd. and its Subsidiaries securing their obligations under the Canadian Credit Facility; 

        4.    Representations and Warranties.  The Borrower hereby represents and warrants as follows: 

        (a)  No
Default or Event of Default has occurred and is continuing. 

        (b)  The
execution, delivery and performance by the Borrower of this Consent have been duly authorized by all necessary corporate and other action and do not and will not
require any registration with, consent or approval of, notice to or action by, any person (including any Governmental Authority) in order to be effective and enforceable. The Credit Agreement, as
amended by this Consent, constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, without defense, counterclaim or offset
except as such enforcement may be limited by applicable bankruptcy, insolvency, 

 

reorganization or other similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability whether enforcement is sought in a proceeding at law or
in equity. 

        (c)  All
its representations and warranties contained in the Credit Agreement are true and correct as though made on and as of the Effective Date (as defined below) (except
to the extent such representations and warranties specifically relate to an earlier date, in which case they were true and correct as of such earlier date). 

        (d)  It
is entering into this Consent on the basis of its own investigation and for its own reasons, without reliance upon the Administrative Agent, the Lenders (except for
the performance of the terms hereof applicable to them) or any other person. 

        5.    Effective Date.  This Consent will become effective as of date that the Administrative Agent has received an
original or facsimile of this Consent, duly executed by the Borrower and the Required Lenders (the "Effective Date"). 

        6.    Reservation of Rights.  The Borrower acknowledges and agrees that the execution and delivery of this Consent
by the Administrative Agent and the Lenders party hereto shall not be deemed to create a course of dealing or otherwise obligate the Administrative Agent or any Lender to execute similar consents
under the same or similar circumstances in the future. 

        7.    Miscellaneous. 

        (a)  Except
as expressly set forth herein, this Consent shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights or
remedies of the Administrative Agent or the Lenders under the Credit Agreement, the Loan Documents, or any related documents, and shall not alter, modify, amend, or in any way affect the terms,
conditions, obligations, covenants, or agreements contained in the Credit Agreement, the Loan Documents, or any related documents, all of which are hereby ratified and affirmed in all respects and
shall continue in full force and effect. 

        (b)  This
Consent shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns. No third party beneficiaries
are intended in connection with this Consent. 

        (c)  This
consent shall be governed by, and construed in accordance with, the law of the state of New York applicable to agreements made and to be performed entirely within
such state; provided that the Administrative Agent and each Lender shall retain all rights arising under federal law. 

        (d)  This
Consent may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts together shall constitute but one and
the same instrument. 

        (e)  This
Consent, together with the Credit Agreement, contains the entire and exclusive agreement of the parties hereto with reference to the matters discussed herein and
therein. This Consent supersedes all prior drafts and communications with respect thereto. This Consent may not be amended except in accordance with the provisions of Section 10.1 of the Credit
Agreement. 

        (f)    If
any term or provision of this Consent shall be deemed prohibited by or invalid under any applicable law, such provision shall be invalidated without affecting the
remaining provisions of this Consent or the Credit Agreement, respectively. 

        (g)  The
Borrower hereby covenants to pay or to reimburse the Administrative Agent and the Lenders, upon demand, for all reasonable costs and expenses (including reasonable
attorney fees and expenses) incurred in connection with the development, preparation, negotiation, execution and delivery of this Consent. 

2

 

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

	 	 	LOUISIANA-PACIFIC CORPORATION, as the Borrower
	

 	
 	

By:	

 
	 	 	 	

	 	 	 	Curtis M. Stevens
 Vice President, Treasurer and

Chief Financial Officer
	

 	
 	
BANK OF AMERICA, N.A., as Administrative Agent, an L/C Issuer and a Lender
	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

	

 	
 	
WACHOVIA BANK, N.A., as Syndication Agent and a Lender
	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

	

 	
 	
ROYAL BANK OF CANADA,

as Documentation Agent and a Lender
	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

3

 

	

 	
 	
THE BANK OF NOVA SCOTIA,

as a Lender
	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

	

 	
 	
EXPORT DEVELOPMENT CANADA

formerly "EXPORT DEVELOPMENT CORPORATION," as a Lender
	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

	

 	
 	

By:	

 
	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

4

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Exhibit 10.1(a)

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