Document:

Form of Restricted Share Award Agreement

 Exhibit 10.6 
  
 Standard Pacific Corp. 
 Restricted Share Award Agreement 
 for Non-Employee Directors 
  
 This Restricted Share Award Agreement (this “Agreement”) has
been entered into as of this      day of              (the “Effective Date”) by and between Standard Pacific Corp. (the
“Corporation”) and «Full_Name», a non-employee member of the Corporation’s Board of Directors (the “Director”). All capitalized terms in this Agreement shall have the meaning assigned to them in
this Agreement or in the Standard Pacific Corp.                      Plan (the “Plan”). 
  
 1. Award. Pursuant to Section 8 of the Plan, the
Compensation Committee of the Corporation’s Board of Directors or the Board of Directors hereby grants to Director a restricted stock award (the “Award”) of
             shares of common stock of the Corporation (the “Shares”). The Director irrevocably agrees on behalf of the Director and the Director’s
successors and permitted assigns to all of the terms and conditions of the Award as set forth in or pursuant to this Agreement and the Plan (as such may be amended from time to time pursuant to the terms thereof). 
  
 2. Vesting of Shares. The Shares shall vest in full on the date
of the Corporation’s first annual meeting of stockholders following the Issue Date; provided, that, Director has continuously served as a member of the Corporation’s Board of Directors since the Effective Date. Shares that do not vest
shall automatically be cancelled. Notwithstanding anything contained in this Agreement to the contrary, if a Change of Control occurs the unvested portion of the Award as of the date of the Change of Control shall immediately vest. 
  
 3. Non-transferability. The Director shall not transfer,
assign, encumber or otherwise dispose of the Award or any portion thereof until the Award has vested in accordance with Section 2. 
  
 4. Escrow of the Shares. The Shares will be held by the Corporation or its agent and will be released to Director following vesting. The
Corporation may cancel all or any portion of the Shares without further action by the Director if the Shares do not vest or are otherwise required to be transferred back to the Corporation pursuant to the terms of this Agreement. 
  
 5. Tax Elections. The Director acknowledges that he or she
(i) has received tax advice from the Director’s own advisors and has not received, and is not relying upon, any tax representations or advice from the Corporation or any representative of the Corporation, (ii) is obligated to satisfy
in full any and all taxes that may be applicable to the issuance of the Shares, if the Director makes an election pursuant to Section 83(b) of the Internal Revenue Code (in which case a Section 83(b) IRS tax election form must be delivered
to the IRS and the Company within 30 days of the Issue Date), or the vesting of the Shares, if such an election is not made, and (iii) that the Corporation will not withhold any amounts that may be due to taxing authorities from the Director.
The Corporation does not commit and is under no obligation to structure the Award to limit the Director’s tax liability. 
  
 6. Disputes. The Corporation’s goal is to quickly resolve any disputes that may arise with its employees. Therefore, the Director and
the Corporation agree that all disputes, 

 
disagreements, claims or controversies which relate in any manner to this Agreement shall be resolved exclusively by final and binding arbitration before a
single arbitrator who is a retired judge in accordance with the then existing Rules and Procedures of JAMS/Endispute (or, if JAMS/Endispute does not offer arbitration services in the applicable jurisdiction, in accordance with the then existing
Rules and Regulations of the American Arbitration Association). The parties shall pay their own costs of arbitration; provided, however, that the Corporation shall pay the costs of arbitration if it is required to do so to make this arbitration
provision enforceable. Any request for arbitration must be made within one-year of the date on which the dispute first arose (unless a longer period of time is required by law), or any right to bring a claim (in arbitration or otherwise) with
respect to such dispute will be deemed waived by both parties. The parties shall be entitled to conduct adequate discovery and to obtain all remedies available to the parties as if the matter had been tried in court. The arbitrator shall issue a
written decision which provides the findings and conclusions on which the award is based. The decision of the arbitrator shall be final and binding on all parties, and may be entered as a judgment by any party with any federal or state court of
competent jurisdiction. 
  
 7. Plan and Other
Agreements. The provisions of the Plan are incorporated into this Agreement by this reference. In the event of a conflict between the terms and conditions of this Agreement and the Plan, the Plan controls. This Agreement and the Plan
constitute the entire understanding between the Director and the Corporation regarding the Award. Any prior agreements, commitments or negotiations concerning the Award are superseded. 
  
 8. Stockholder Rights. Except as set forth herein, following the issuance of the Shares to the Director and
during the period prior to vesting, the Director will have all of the rights of a stockholder of the Corporation, including, without limitation, the right to vote and to receive all dividends or other distributions with respect to the Shares.

  
 9. No Right to Continued Service. Nothing in the
Plan, in this Agreement or any other instrument executed pursuant to the Plan shall confer upon the Director any right with respect to continuance as a director of the Corporation. 
  
 10. Notices. All notices, requests, demands and other communications pursuant to this Agreement shall be in
writing and shall be deemed to have been duly given if personally delivered, telexed or telecopied to, or, if mailed, when received by, the other party at the following addresses (or at such other address as shall be given in writing by either party
to the other): 
  

			
	If to the Corporation to:	  	 Standard Pacific Corp.
 15326 Alton Parkway

Irvine, California 92618
 Attention: Secretary
 Facsimile No.: (949) 789-1608

  
 If to the Director, to
the address or fax number set forth below the Director’s signature on this Agreement. 
  

 2 

 11. Severability. In the event that any provision of this Agreement is declared to be
illegal, invalid or otherwise unenforceable by a court of competent jurisdiction or arbitrator appointed pursuant to Section 6 of this Agreement, such provision shall be reformed, if possible, to the extent necessary to render it legal,
valid and enforceable, or otherwise deleted, and the remainder of this Agreement shall not be affected except to the extent necessary to reform or delete such illegal, invalid or unenforceable provision. 
  
 12. Headings. The headings preceding the text of the sections
hereof are inserted solely for convenience of reference, and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect. 
  
 13. Further Assurances. Each party shall cooperate and take such action as may be reasonably requested by
another party in order to carry out the provisions and purposes of this Agreement including, without limitation, delivery of such duly executed certificates, instruments and documents in furtherance of the transactions contemplated by this Agreement
as such other party may reasonably request. 
  
 14. Binding
Effect. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors and assigns. 
  
 15. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an
original, but all of which together shall constitute one and the same instrument. 
  

 3 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first indicated
above. 
  

			
	STANDARD PACIFIC CORP.
		
	 By:
	 	 
	 Name:
	 	 Stephen J. Scarborough

	 Title:
	 	 Chairman & Chief Director Officer

	
	DIRECTOR
		
	 By:
	 	 
	 Name:
	 	 «Full_Name»

	 Address:
	 	 «Home_Address»

			
		
	 Facsimile No.:
	 	 «Fax_No»Credit Agreement Waiver Letter dated 5/6/05

 EXHIBIT 10.21 
  
 

 
  
 JPMorgan Chase Bank, N. A. 
  
 May 6, 2005 
  
 Matrix Service Company 
 Attn: Michael J. Hall, Chief Executive Officer 
 10701 East Ute Street 
 Tulsa, OK 74116 
  
 All Other Loan Parties Under the Credit 
 Agreement Described Below 
  

	 	Re:	Credit Agreement dated as of March 7, 2003 among Matrix Service Company, as “Borrower,” the Lenders described therein, and JPMorgan Chase Bank, N.A. (successor by merger
to Bank One, N.A. (Main Office, Chicago)), as a Lender, LC Issuer, and as Agent for the Lenders, and others, as amended (as amended, the “Credit Agreement”) 

  
 Gentlemen: 
  
 This is in regard to the above-referenced Credit Agreement. Capitalized terms not defined in this letter have the same meanings as in the Credit
Agreement. 
  
 Borrower has asked for a waiver of certain
provisions of the Credit Agreement and certain other Loan Documents as follows (such waivers the “Sale Waivers”): (i) a waiver of Sections 6.4 and 6.13 of the Credit Agreement to allow the sale outside the ordinary course of business by
Matrix Service Specialized Transport, Inc., which was formerly known as Frank W. Hake, Inc. (the “Seller”) (such sale the “Subject Sale”), of that certain equipment described on the attached Exhibit “A”
(collectively the “Sale Equipment”) to Barnhart Crane & Rigging Company (the “Buyer”) for the amount of $1,470,000 (the “Gross Proceeds”), (ii) a waiver of the $250,000 limitation set forth in Section 2.7.2(i) of
the Credit Agreement, such that the Subject Sale does not contribute to or count against such limitation, (iii) a waiver of the provisions in Section 2.1.5 of the Credit Agreement that would cause the reference to $10,000,000.00 in Section 2.1.5(i)
to be reduced by the amount of proceeds received from the Subject Sale and (iv) a waiver of Section 4.1.5 of the Security Agreement by the Seller in favor of the Agent, to the extent the Subject Sale may be restricted, limited or prohibited by such
Security Agreement. 

 Borrower has also asked for a waiver of certain provisions of the Credit Agreement (such waiver the
“Perfection Certificate Waiver”) so that Borrower may deliver to Agent the perfection certificate required by Section 7.26 of the Credit Agreement on or before the end of the Business Day on May 13, 2005. 
  
 Upon execution and delivery of this waiver letter and amendment by the Loan
Parties, the Agent and Lenders constituting the Required Lenders, the Lenders shall have agreed to grant the Sale Waivers and the Perfection Certificate Waiver, provided that the Sale Waivers shall be withdrawn without any further action required on
the part of the Agent or any of the Lenders, and be of no force or effect, if any one of the following occurs: 
  
 (a) the amount paid to the Seller by the Buyer on account of the Subject Sale is less than an amount equal to the Gross Proceeds less
reasonable costs of the Subject Sale approved by Agent (the “Net Proceeds”), 
  
 (b) the Net Proceeds are not paid or deposited in a manner satisfactory to Agent, 
  
 (c) costs of the Subject Sale in addition to those deducted
from the Gross Proceeds are not reasonably acceptable to the Agent, or 
  
 (d) the closing of the Subject Sale does not occur on or before May 13, 2005. 
  
 The waivers contained herein are limited to the Subject Sale and the date of delivery of the Perfection Certificate only and shall not waive any
provisions of the Credit Agreement or any of the other Loan Documents as they may relate to any other facts and circumstances. 
  
 This waiver letter and amendment shall constitute a supplement and amendment to the Credit Agreement. From and after the date hereof, references in the
Credit Agreement to “this Agreement” and like terms shall be deemed to be references to the Credit Agreement as supplemented by this waiver, and as otherwise amended, supplemented, restated or otherwise modified from time to time in
accordance with the Loan Documents. References in the other Loan Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as supplemented by this waiver letter and amendment and as further amended, supplemented,
restated or otherwise modified from time to time. This waiver letter and amendment is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in
accordance with the terms and provisions of the Credit Agreement. The Credit Agreement as supplemented by this waiver letter and amendment is ratified and confirmed in all respects, and all other Loan Documents are hereby ratified and confirmed in
all respects. 
  
 Except as expressly provided hereby, all of the
representations, warranties, terms, covenants and conditions of the Credit Agreement and the other Loan Documents shall remain unamended and unwaived and shall continue to be, and shall remain, in full force and effect in accordance with their
respective terms, including express limitations therein relating to the date on which such representations and warranties were made. The waiver and agreements set forth herein shall be limited precisely as provided for herein, and shall not be
deemed to be a waiver of, amendment to, consent to or modification of any other term or provision of the Credit Agreement or of any event, condition, or transaction on the part of the Borrower or any other Person which would require the consent of
the Agent or any of the Lenders. 
  

 Member FDIC 
 2 

 The Borrower and each Loan Party, for itself and on behalf of all its predecessors, successors, assigns,
agents, employees, representatives, officers, directors, general partners, limited partners, joint shareholders, beneficiaries, trustees, administrators, subsidiaries, affiliates, employees, servants and attorneys (collectively the “Releasing
Parties”), hereby releases and forever discharges Agent and each Lender and their respective successors, assigns, partners, directors, officers, agents, attorneys, and employees from any and all claims, demands, cross-actions, controversies,
causes of action, damages, rights, liabilities and obligations, at law or in equity whatsoever, known or unknown, whether past, present or future, now held, owned or possessed by the Releasing Parties, or any of them, or which the Releasing Parties
or any of them may, as a result of any actions or inactions occurring on or prior to the date hereof, hereafter hold or claim to hold under common law or statutory right, arising, directly or indirectly out of any Loan or any of the Loan Documents
or any of the documents, instruments or any other transactions relating thereto or the transactions contemplated thereby. Borrower and each Loan Party understands and agrees that this is a full, final and complete release and agrees that this
release may be pleaded as an absolute and final bar to any or all suit or suits pending or which may hereafter be filed or prosecuted by any of the Releasing Parties, or anyone claiming by, through or under any of the Releasing Parties, in respect
of any of the matters released hereby, and that no recovery on account of the matters described herein may hereafter be had from anyone whomsoever, and that the consideration given for this release is no admission of liability. 
  
 Please indicate your approval of the terms and provisions hereof by executing
this letter in the space provided below. 
  
 This letter may be
executed in any number of counterparts, all of which together shall constitute a single instrument, and it shall not be necessary that any counterpart be signed by all the parties hereto. A facsimile copy of this letter and signatures thereon shall
be considered for all purposes as originals. 
  

			
	 Yours very truly,

	
	 J. P. MORGAN CHASE BANK, N.A., as Agent

		
	 By:
	 	 /s/ Hal E. Fudge

	 	 	 Hal E. Fudge, First Vice President

  

 Member FDIC 
 3 

 ACCEPTED AND AGREED TO: 
  

Borrower: 
  
 MATRIX SERVICE COMPANY 
  

			
	 By:
	 	 /s/ Michael J. Hall

	 	 	 Michael J. Hall, Chief Executive Officer

  
 Loan Parties: 
  
 MATRIX SERVICE INC., an Oklahoma 
 corporation; MATRIX SERVICE INDUSTRIAL 
 CONTRACTORS, INC. (formerly known 
 as MATRIX SERVICE MID-CONTINENT, 
 INC.), an Oklahoma corporation; MATRIX
 
 SERVICE, INC. CANADA, an Ontario, Canada 
 corporation; HAKE GROUP, INC., a Delaware 
 corporation; BOGAN, INC. (including 
 Fiberspec, a division), a Pennsylvania 
 corporation; MATRIX SERVICE

 SPECIALIZED TRANSPORT, INC. 
 (formerly known as FRANK W. HAKE, 
 INC.), a Pennsylvania corporation; HOVER  
 SYSTEMS, INC., a
Pennsylvania corporation; 
 I & S, INC., a Pennsylvania corporation; 
 MCBISH MANAGEMENT, INC., 
 a Pennsylvania corporation; MECHANICAL  
 CONSTRUCTION, INC., a Delaware

 corporation; MID-ATLANTIC 
 CONSTRUCTORS, INC., a Pennsylvania 
 corporation; TALBOT REALTY, INC., 
 a Pennsylvania corporation; BISH 

 INVESTMENTS, INC., a Delaware 
 corporation; I & S JOINT VENTURE, L.L.C., 
 a Pennsylvania limited liability company 
  

			
	 By:
	 	 /s/ George L. Austin

	 	 	 George L. Austin, Vice President

  

 Member FDIC 
 4 

 Lenders: 
  
 J. P. MORGAN CHASE BANK, N.A., as Agent 
  

			
	 By:
	 	 /s/ Hal E. Fudge

	 	 	 Hal E. Fudge, First Vice President

	
	 WACHOVIA BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Patrick McGovern

	 	 	 Patrick McGovern, Senior Vice President

	
	 UMB BANK, N.A.

		
	 By:
	 	 /s/ Richard J. Lehrter

	 	 	 Richard J. Lehrter, Community Bank President

	
	 WELLS FARGO BANK, NA
 (formerly known as Wells Fargo Bank Texas, NA)

		
	 By:
	 	 /s/ Roger Fruendt

	 	 	 Roger Fruendt, Senior Vice President

  
 INTERNATIONAL BANK OF COMMERCE, 
 successor in interest to 
 LOCAL OKLAHOMA BANK, 
 an Oklahoma Banking Corporation 
 formerly known as LOCAL OKLAHOMA BANK, NA, 
  

			
	 By:
	 	 /s/ David G. Moore

	 	 	 David G. Moore, Senior Vice President

  

 Member FDIC 
 5 

 EXHIBIT “A” 
  
 (Sale Equipment) 
  

 Member FDIC 
 6

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