Dated as of May 19, 2005 AMENDMENT NO. 3 TO THE CREDIT AGREEMENT (this "Amendment No. 3") among Headwaters Incorporated, a Delaware corporation, (the "Borrower"), the Lenders (as hereinafter defined) party hereto, Morgan Stanley & Co. Incorporated...Credit Agreement • June 1st, 2005 • Headwaters Inc • Miscellaneous products of petroleum & coal • New York
