Exhibit 10.2

FIRST AMENDMENT TO
AMENDED AND RESTATED SECURITY AGREEMENT
 
THIS FIRST AMENDMENT TO AMENDED AND RESTATED SECURITY AGREEMENT (this
“Amendment”), dated as of August 25, 2011, is entered into by and among each of
the parties signatory hereto as Grantors (including any permitted successors and
assigns, collectively, the “Grantors” and each a “Grantor”), and Bank of
America, N.A., as Administrative Agent (“Administrative Agent”), for the ratable
benefit of each Secured Party (as hereinafter defined).
 
R E C I T A L S:
 
A.           Bank of America, N.A., as Administrative Agent, Swing Line Lender
and L/C Issuer, the Lenders party thereto, and Texas Industries, Inc., a
Delaware corporation (the “Borrower”), entered into the Second Amended and
Restated Credit Agreement dated as of June 19, 2009, as amended by a First
Amendment dated June 19, 2009, a Second Amendment dated March 24, 2010 and a
Third Amendment dated April 12, 2010 (as amended, the “Existing Credit
Agreement”).
 
B.           In connection with the Existing Credit Agreement, the Grantors
entered into that certain Amended and Restated Security Agreement dated as of
June 19, 2009 (the “Existing Security Agreement”), pursuant to which the
Grantors granted a first priority security interest in personal property of the
Grantors to Administrative Agent for the ratable benefit of the Secured Parties
as defined therein.
 
C.           Concurrently herewith, the Borrower, Bank of America, N.A., as
Administrative Agent, Lead Collateral Agent, Swing Line Lender and a L/C Issuer,
Wells Fargo Bank, National Association, as a L/C Issuer, Wells Fargo Capital
Finance, LLC, as a Co-Collateral Agent, General Electric Capital Corporation, as
a Co-Collateral Agent, and the Lenders party thereto are entering into a Third
Amended and Restated Credit Agreement (as amended, supplemented or otherwise
modified from time to time, the “Restated Credit Agreement”), pursuant to which
the Existing Credit Agreement will be amended and restated in its entirety.
 
D.           It is a condition precedent to the effectiveness of the Restated
Credit Agreement that the Grantors shall have executed and delivered to
Administrative Agent this Amendment which amends the Existing Security
Agreement.
 
AGREEMENT
 
NOW, THEREFORE, in consideration of the premises set forth herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and in order to induce the Lenders to enter into the Restated
Credit Agreement and continue to make Loans and each L/C Issuer to continue to
issue Letters of Credit under the Credit Agreement and to extend other credit
accommodations under the Loan Documents, each Grantor hereby agrees with
Administrative Agent, for the ratable benefit of the Secured Parties as follows:
 
 
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ARTICLE 1
Definitions
 
Section 1.1                      Definitions.  Capitalized terms used in this
Amendment, to the extent not otherwise defined herein, shall have the same
meaning as in the Existing Security Agreement, as amended hereby, or, if not
defined in the Existing Security Agreement, as in the Restated Credit Agreement.
 
ARTICLE 2
Amendments
 
Section 2.1                      Amendment to Definition of Credit
Agreement.  Effective as of the date hereof, the term “Credit Agreement”, as
used in the Existing Security Agreement, shall refer to the Restated Credit
Agreement as defined herein.
 
Section 2.2                      Amendment to Definition of
Collateral.  Effective as of the date hereof, the proviso at the end of the
definition of “Collateral” in the Existing Security Agreement is hereby amended
and restated as follows:
 
provided that “Collateral” does not include any fixtures or real property or any
property or assets subject to a Lien permitted by clause (g) of the definition
of “Permitted Liens” in the Credit Agreement

Section 2.3                      Amendment to Section 3.1(b).  Effective as of
the date hereof, the third sentence of Section 3.1(b) of the Existing Security
Agreement is hereby amended and restated in its entirety as follows:
 
None of the Collateral is consigned goods or subject to any agreement of
repurchase except in the ordinary course of business.
 
Section 2.4                      Amendment to Section 4.1(f).  Effective as of
the date hereof, the third sentence of Section 4.1(f) of the Existing Security
Agreement is hereby amended and restated in its entirety as follows:
 
Administrative Agent hereby agrees, upon request by any Grantor, to amend or
partially release all financing statements and similar filings covering
Collateral to exclude from the coverage thereof any properties or assets that
now or hereafter are fixtures (other than fixtures covered by a Real Property
Mortgage) or are subject to a Lien permitted by clause (f) of the definition of
“Permitted Liens” in the Credit Agreement.

Section 2.5                      Amendment to Section 6.6(b).  Effective as of
the date hereof, the last sentence of Section 6.6(b) of the Existing Security
Agreement is hereby amended and restated in its entirety as follows:
 
NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT
THAT ADMINISTRATIVE AGENT, ANY OTHER SECURED PARTY OR ANY L/C ISSUER MAY
OTHERWISE HAVE
 
 
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TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AGAINST ANY GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.
 
Section 2.6                      Amendment to Schedules.  Effective as of the
date hereof, Schedules 1, 2, 3, 4, 5(a), 5(b), 5(c), 5(d), 5(e), 6, 7, 8, 9, 10
and 11 to the Existing Security Agreement are hereby amended and restated in
their entirety as set forth on Schedules 1, 2, 3, 4, 5(a), 5(b), 5(c), 5(d),
5(e), 6, 7, 8, 9, 10 and 11 attached to the Supplemental Closing Certificate
delivered by the Borrower concurrently herewith.

ARTICLE 3
Effectiveness
 
Section 3.1                      Effectiveness.  This Amendment will become
effective upon the delivery hereof by the parties on the Closing Date.
 
ARTICLE 4
Miscellaneous
 
Section 4.1                      Ratifications, Representations and
Warranties.  Except as expressly modified and superseded by this Amendment, the
terms and provisions of the Existing Security Agreement are ratified and
confirmed and shall continue in full force and effect.  Effective as of the date
hereof, Grantors hereby remake their representations and warranties contained in
the Existing Security Agreement, as amended hereby, provided that references in
such representations and warranties to Schedules 1, 2, 3, 4, 5(a), 5(b), 5(c),
5(d), 5(e), 6, 7, 8, 9, 10 and 11 to the Existing Security Agreement shall refer
to Schedules 1, 2, 3, 4, 5(a), 5(b), 5(c), 5(d), 5(e), 6, 7, 8, 9, 10 and 11
attached to the Supplemental Closing Certificate delivered by the Borrower
concurrently herewith.  Grantors and Administrative Agent agree that the
Existing Security Agreement as amended hereby shall continue to be legal, valid,
binding and enforceable in accordance with its terms, and all Liens in the
Collateral shall continue and remain unimpaired.
 
Section 4.2                      Reference to the Existing Security
Agreement.  Each of the Loan Documents and any and all other agreements,
documents or instruments now or hereafter executed and delivered pursuant to the
terms hereof or pursuant to the terms of the Existing Security Agreement as
amended hereby, are hereby amended so that any reference in such Loan Documents
to the Existing Security Agreement shall mean a reference to the Existing
Security Agreement as amended hereby.
 
Section 4.3                      Applicable Law.  This Amendment is a Loan
Document and shall be governed by, and construed in accordance with, the laws of
the State of Texas applicable to agreements made and to be performed entirely
within such state and applicable federal law.
 
Section 4.4                      Successors and Assigns.  This Amendment is
binding upon and shall inure to the benefit of the parties hereto and their
respective successors and assigns.
 
 
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Section 4.5                      Counterparts.  This Amendment may be executed
in any number of counterparts, each of which shall be an original, with the same
effect as if the signatures thereto were upon the same instrument.
 
Section 4.6                      Headings.  The headings, captions and
arrangements used in this Amendment are for convenience only and shall not
affect the interpretation of this Amendment.
 
Section 4.7                      ENTIRE AGREEMENT.  THE EXISTING SECURITY
AGREEMENT AND THIS AMENDMENT, TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENT
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE
ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
 
[Remainder of Page Intentionally Left Blank]
 

 
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective duly authorized officers as of the
date first above written.
 
GRANTORS:
 
TEXAS INDUSTRIES, INC.

By: /s/ T. Lesley
Vines                                                                
T. Lesley Vines
Vice President—Corporate Controller and Treasurer

Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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BROOKHOLLOW CORPORATION
BROOK HOLLOW PROPERTIES, INC.
BROOKHOLLOW OF ALEXANDRIA, INC.
BROOKHOLLOW OF VIRGINIA, INC.
SOUTHWESTERN FINANCIAL CORPORATION
CREOLE CORPORATION
PARTIN LIMESTONE PRODUCTS, INC.
RIVERSIDE CEMENT HOLDINGS COMPANY
TXI AVIATION, INC.
TXI CEMENT COMPANY
TXI RIVERSIDE INC.
TXI TRANSPORTATION COMPANY
TXI CALIFORNIA INC.
PACIFIC CUSTOM MATERIALS, INC.
TXI POWER COMPANY
 
 
 
By: /s/ T. Lesley Vines
T. Lesley Vines
Vice President—Controller and Treasurer
 
 
 

Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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RIVERSIDE CEMENT COMPANY
 
 
 
By: /s/ T. Lesley Vines
          T. Lesley Vines
          Assistant General Manager—Controller and Treasurer

 
 
 
 
 
 
 
Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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TEXAS INDUSTRIES HOLDINGS, LLC
TXI LLC
 
 
By: /s/ T. Lesley Vines
            T. Lesley Vines
            Controller and Treasurer
 
 
 
 
 
 
Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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TEXAS INDUSTRIES TRUST
TXI OPERATING TRUST
 
 
 
By: /s/ T. Lesley Vines
            T. Lesley Vines
            Vice President—Corporate Controller and Treasurer
 
 
 
 
 
Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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TXI OPERATIONS, LP
 
 
By:  TXI Operating Trust, its general partner
 
By: /s/ T. Lesley Vines
            T. Lesley Vines
            Vice President—Corporate Controller and Treasurer
 
 
 

 

Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A., as Administrative Agent

By: /s/ James B.
Allin                                                                
Name:  James B. Allin
Title:    Senior Vice President

 

Signature Page to First Amendment to Amended and Restated Security Agreement
 
 
 

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