On January 28, 2013, Quanex Building Products Corporation (the company), as borrower, entered into a credit agreement with certain of its subsidiaries as guarantors thereunder, Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, as lead arranger and syndication agent, and the lenders parties thereto. The credit agreement is a committed unsecured revolving credit facility that permits aggregate borrowings of up to, at any one time outstanding, $150,000,000, with a letter of credit sub-facility, a swing line sub-facility and a multicurrency sub-facility. Subject to customary conditions, the company may request that the aggregate commitments under the credit agreement be increased by up to $100,000,000, with total commitments not to exceed $250,000,000.

The maturity date of the facility is January 28, 2018. The credit agreement replaces that certain credit agreement, dated as of April 23, 2008, among the company, as borrower, certain of the company's subsidiaries as guarantors, Wells Fargo, in its capacity as administrative agent, and the lenders from time to time parties thereto. The original agreement provided the company with an unsecured revolving credit facility of up to an aggregate principal amount of $270,000,000.

The termination of the original agreement and the payment of any and all outstanding amounts due thereunder were conditions precedent to the closing of the credit agreement. Effective as of January 28, 2013, the original agreement was terminated, with the company and its subsidiaries having no further obligations thereunder. All letters of credit existing under the original agreement continue uninterrupted and are deemed to have been issued under the credit agreement.

No early termination penalties were incurred in connection with the termination of the original agreement.