0001047469-04-007508 Sample Contracts

AWARD AGREEMENT Under the Louisiana-Pacific Corporation 1997 Incentive Stock Award Plan INCENTIVE SHARES
Award Agreement • March 11th, 2004 • Louisiana Pacific Corp • Sawmills & planting mills, general

Subject to the terms and conditions of the Louisiana-Pacific Corporation 1997 Incentive Stock Award Plan, as amended, (the "Plan") and this Agreement, effective as of the Grant Date, Corporation grants to Participant the right to receive the number of Incentive Shares specified above.

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AWARD AGREEMENT Under the Louisiana-Pacific Corporation 1997 Incentive Stock Award Plan NONQUALIFIED STOCK OPTION
Nonqualified Stock Option Agreement • March 11th, 2004 • Louisiana Pacific Corp • Sawmills & planting mills, general

Subject to the terms and conditions of the Louisiana-Pacific Corporation 1997 Incentive Stock Award Plan, as amended, (the "Plan") and this Agreement, effective as of the Grant Date, Corporation grants to Participant the Option to purchase the Option Shares at the Exercise Price.

FOURTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • March 11th, 2004 • Louisiana Pacific Corp • Sawmills & planting mills, general • New York

THIS FOURTH AMENDMENT TO CREDIT & SECURITY AGREEMENT, dated as of November 14, 2003 (this "Amendment"), is entered into by and between LP RECEIVABLES CORPORATION, as borrower (the "Borrower"), LOUISIANA-PACIFIC CORPORATION, as master servicer (the "Master Servicer"), BLUE RIDGE ASSET FUNDING CORPORATION, as lender (the "Lender"), the committed banks named therein and WACHOVIA BANK, NATIONAL ASSOCIATION (successor in interest to Wachovia Bank, N.A.), as administrative agent (the "Administrative Agent"). Capitalized terms used and not otherwise defined herein are used as defined in the Agreement (as defined below and amended hereby).

THIRD AMENDMENT TO CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • March 11th, 2004 • Louisiana Pacific Corp • Sawmills & planting mills, general • New York

THIS THIRD AMENDMENT TO CREDIT & SECURITY AGREEMENT, dated as of November 12, 2003 (this "Amendment"), is entered into by and between LP RECEIVABLES CORPORATION, as borrower (the "Borrower"), LOUISIANA-PACIFIC CORPORATION, as master servicer (the "Master Servicer"), BLUE RIDGE ASSET FUNDING CORPORATION, as lender (the "Lender"), the committed banks named therein and WACHOVIA BANK, NATIONAL ASSOCIATION (successor in interest to Wachovia Bank, N.A.), as administrative agent (the "Administrative Agent"). Capitalized terms used and not otherwise defined herein are used as defined in the Agreement (as defined below and amended hereby).

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