BUILDING MATERIALS CORP OF AMERICA
MATERIAL CONTRACTS
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<TYPE>EX-10.11
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<FILENAME>a06-7595_1ex10d11.htm
<DESCRIPTION>MATERIAL CONTRACTS
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<p align="right" style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:right;"><a name="FirstAmendmentToThe_103507"></a><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exhibit 10.11</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">FIRST AMENDMENT TO
THE<a name="BuildingMaterialsCorporationOfAme_103507"></a><br>
BUILDING MATERIALS CORPORATION OF AMERICA<a name="a2001LongtermIncentivePlan_103507"></a><br>
2001 LONG-TERM INCENTIVE PLAN</font></b></p>

<div style="line-height:9.0pt;margin:12.0pt 0pt 18.0pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS,</font></b></font><font face="Times New Roman" style="font-weight:normal;"> </font><font style="font-weight:normal;">Building Materials
Corporation of America, a Delaware corporation (the &#147;Company&#148;) maintains the
Building Materials Corporation of America 2001 Long-Term Incentive Plan (the &#147;Plan&#148;);
and</font></p>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS,</font></b></font><font face="Times New Roman" style="font-weight:normal;"> </font><font style="font-weight:normal;">the Plan by its terms
is scheduled to terminate on December&nbsp;31, 2005;</font></p>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS,</font></b></font><font face="Times New Roman" style="font-weight:normal;"> </font><font style="font-weight:normal;">Section&nbsp;VI of the
Plan reserves to the Board the right to amend the Plan at any time; and the
Company desires to amend the Plan to extend the term of the Plan through December&nbsp;31,
2007.</font></p>

<p style="font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW THEREFORE</font></b></font><font style="font-weight:bold;"><b><font style="font-weight:normal;">,</font></b></font><font face="Times New Roman"> </font>effective
as of December&nbsp;20, 2005, the second paragraph of the INTRODUCTION section
of the Plan is hereby amended in its entirety to read as follows:</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;The Plan shall become effective on December&nbsp;31,
2000 (the &#147;Effective Date&#148;), pursuant to the approval by the Board (as
hereafter defined) by action taken by the Board at a meeting duly called and
held on March&nbsp;1, 2001. This Plan shall terminate on December&nbsp;31, 2007
(unless sooner terminated by the Board).&#148;</font></p>

<p style="margin:12.0pt 0pt 18.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;*</font></p>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF,
</font></b></font><font style="font-weight:normal;">the Company has
caused this instrument to be executed by its duly authorized officer this 30th
day of December, 2005.</font></p>

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  <p align="right" style="font-size:10.0pt;margin:10.0pt 0pt .0001pt;text-align:right;"><b><font style="font-weight:bold;">BUILDING MATERIALS CORPORATION OF AMERICA</font></b></p>
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  <p style="margin:21.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
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  <td width="27" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.0pt;">
  <p style="margin:21.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By:</font></b></p>
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  <td width="253" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:190.0pt;">
  <p style="margin:21.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/&nbsp;PATRICIA H. KIM</font></p>
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  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
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  <td width="27" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Patricia H. Kim</font></p>
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  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
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  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President&#151;Employment&nbsp;&amp; Labor</font></p>
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<p style="font-weight:bold;margin:0pt 0pt 6.0pt 30.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

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