|   |   | Exhibit 10.1(g)   Sarah N. Reavis    Vice President    918-588-6867    FAX: 918-295-0400sreavis@bokf.com 
 

December 31, 2008

Ms. Debra RoeChief Financial OfficerThe Monarch Cement Company449 1200 StreetHumboldt, KS 66748

RE:  Seventh Amendment to Agreement dated January 1, 2001between The Monarch Cement Company ("Borrower") and Bank of Oklahoma, N.A.("Lender") in the aggregate amount of $35,000,000 (the "Loan Agreement"), asamended by First Amendment dated December 31, 2002, Second Amendment datedDecember 31, 2003, Third Amendment dated December 31, 2004, Fourth Amendmentdated January 1, 2006, Fifth Amendment dated December 31, 2006 and SixthAmendment dated December 31, 2007.

Dear Debbie:

Bank of Oklahoma, N.A. ("Lender") is pleased to renew andmodify the Loan Agreement subject to the terms of this letter agreement("Seventh Amendment").  Subject to the terms of the Loan Agreement, as amended,and this Seventh Amendment, the Commitment will be:  1) a $17,825,569.45 TermLoan ("Term Loan") that is a renewal of the outstanding balance of the$25,000,000 Term Loan dated December 31, 2004 and 2) $15,000,000 Revolving Lineof Credit ("Revolving Line") that is a renewal of the $15,000,000 Revolving Linesubject to the terms of this letter amendment ("Seventh Amendment"). 

Section 1 of the Loan Agreement is hereby deleted and replaced with thefollowing:

** **1.     **The Term Loan.** Lender agrees to renew the remaining $17,825,569.45 balance of the $25,000,000Term Loan dated December 31, 2004 to Borrower as evidenced by a promissory notein the form attached hereto as Exhibit A, maturing on December 31, 2014 (which,together with any extensions, renewals and changes in form thereof, ishereinafter referred to as the "Term Note").

1.1    The Term Note will be payable in equal quarterlyinstallments of principal and interest in an amount to equate to a 6-yearamortization, with such payments calculated using the interest rate in effect onDecember 31, 2008, provided however, that either Lender or Borrower may elect torecalculate the payment installments on the 12-month anniversary of this SeventhAmendment based on the outstanding principal balance on that date, the currentfloating interest rate on that date, and the number of quarters remaining in the6-year amortization.  All outstanding principal and interest will be due andpayable on December 31, 2014.

1.2    Interest shall accrue and be payable quarterly as setforth in the Term Note at a floating interest rate of BOKF National Prime less..75%.  Under no circumstances will the rate on the Term Loan be less than 3.00%

1.3    Borrower may prepay the Term Note in whole or part at any time withoutpenalty.

Section 2 of the LoanAgreement is hereby deleted and replaced with the following:

2.     **The Revolving Line.**  Lender agrees to loan Borrowerup to $15,000,000 as Borrower may from time to time request as evidenced by apromissory note in the form attached as Exhibit B, maturing on December 31, 2009(which together with any extensions, renewals and changes in form thereof, ishereinafter referred to as the "Line Note").  Advances under the Line Note shallbe used for working capital and general corporate purposes, including issuanceof letters of credit.

2.1   Provided there is no Event of Default, Borrower may advance, pay down, andre-advance funds on the Line Note. 

2.2   Letters of Credit shall be issued pursuant to Lender's standard procedure, uponreceipt by Lender of an application; provided that (a) no event of default hasoccurred and is continuing, and (b) the requested letter of credit will notexpire after the maturity date of the Line Note.  Borrower shall pay allstandard fees and costs charged by Lender in connection with the issuance ofLetters of Credit.  Lender shall be reimbursed for drawings under the Letters ofCredit either by Borrower or by an advance on the Line Note. 

2.3   Borrower may repay the Revolving Line in whole or part at any time withoutpenalty.

2.4   Interest shall accrue and be payable quarterly as set forth in the Line Note ata floating interest rate of BOKF National Prime less 1.25%.  Under nocircumstances will the rate on the Revolving Line be less than 2.50%.  Theoutstanding principal balance plus accrued interest shall be payable at maturitydate of December 31, 2009. 

**TERMS AND CONDITIONS:**  Unless otherwise agreed to inwriting by Lender: 

1.     **Financial Statements:** Borrower will provide annual auditedfinancial statements within 120 days of the end of each fiscal year andquarterly unaudited financial statements within 60 days after the end of eachquarter.  Along with quarterly financial statements, Borrower will provideLender with its internally-prepared analysis of cash sources and uses for thefour-quarter period then ended, in form and content to be determined by Borrowerand Lender as mutually acceptable. 

2.     **Capital Budget:**  Borrower will provide to Lender, prior tothe beginning of Borrower's fiscal year and with quarterly updates thereafter,its capital spending budget in form and content determined by Borrower andLender as mutually acceptable.  Upon reasonable request by Lender, Borrower willfurnish copies of other information related to planned capital projects. 

3.     **Minimum Net Worth:** Borrower's tangible net worth will bedetermined on the last day of any fiscal quarter commencing with the quarterending 12/31/08, as defined below:  

a.            **Tangible Net Worth:**  Borrower will maintain a minimumTangible Net Worth (in accordance with generally accepted accounting principles)of $90,000,000.

b.           **Adjusted Tangible Net Worth:** Borrow will maintain aminimum Adjusted Tangible Net Worth of $95,000,000.  Adjusted Tangible Net Worthis defined as Tangible Net Worth before Other Comprehensive Income.  Forpurposes of the Adjusted Tangible Net Worth calculation, Other ComprehensiveIncome will be the same as "Accumulated other comprehensive income (loss)" aspresented in the audited financial statements of the Borrower.

4.     **Sale or Merger:**  Borrower will not sell to, merge orconsolidate with any person or entity or permit any such merger or consolidationwith the Borrower, **except for**:   

a.            mergers between Borrower and any of its subsidiaries or between any ofits subsidiaries, and 

b.           mergers in which Borrower is the surviving entity. 

5.     **Creation or Existence of Liens:**  Borrower will not createor permit to exist any mortgage, pledge, lien or other encumbrance on any of itsproperty, personal or real, tangible or intangible, other than purchase moneyliens up to $1,000,000 in the aggregate related to the acquisition of assets ofBorrower in the ordinary course of business. 

6.     **Limitation on Indebtedness:**  No limitation, other thanBorrower will not create, assume or incur:  

a.           Secured debt in the aggregate in excess of $1,000,000; and 

b.           Unsecured debt (other than the Commitment herein) in the aggregate inexcess of $2,000,000. 

7.     **Change in Ownership:**  Borrower will not permit the sale ortransfer of capital stock that results in a change in control of Borrower.  Achange in control (as defined in Borrower's proxy statement) is any merger,consolidation or disposition of all or substantially all of the assets ofBorrower or any acquisition by any person or group of persons acting in concertwho after such acquisition would own more than 30% of the Borrower's outstandingvoting stock.

8.     **Reimbursement of Expenses:**  Borrower will pay allreasonable and customary out-of-pocket expenses incurred as part of the LoanAgreement, including but not limited to reasonable attorney's fees; **however,there will be no costs to Borrower for preparation of this Seventh Amendment,absent material modifications or extended negotiations.** 

9.     **General Terms:**  Borrower agrees to maintain its properties,maintain insurance in amounts and against risks customary for Borrower'sbusiness, maintain all licenses and permits necessary to conduct Borrower'sbusiness, comply with laws including but not limited to environmental laws andmaintain its corporate existence in good standing. 

**EVENTS OF DEFAULT: **Borrower shall be in defaultunder this Agreement upon the occurrence of any one or more of the followingevents or conditions, herein called "Default": 

1.     Any payment required under any Note or obligation of Borrower to Lenderis not made within ten days of the due date. 

2.     Borrower fails to perform or comply with any covenant, obligation,warranty or provision in this Agreement or in any note or obligation of Borrowerto Lender, and such default continues uncured for thirty days or more from dateof occurrence. 

3.     Any warranty, representation, financial information or statement made orfurnished to Lender by or on behalf of Borrower proves to have been false in anymaterial respect when made or furnished. 

4.     The condemnation, seizure or appropriation of substantially all, or suchas in Lender's reasonable opinion constitutes a material portion of the assetsof the Borrower. 

5.     The rendering against Borrower of one or more final judgments, decrees ororders for payment not covered by insurance, and the continuance of suchjudgment or order unsatisfied and in effect for any period of thirty consecutivedays without a stay of execution. 

6.     Dissolution or termination of existence of Borrower. 

7.     Appointment of a receiver over any part of the property of Borrower, theassignment of property of Borrower for the benefit of creditors or thecommencement of any proceedings under any bankruptcy or insolvency laws by oragainst Borrower. 

Upon the occurrence or the existence of a Default, Lendermay, at its option and without notice or demand to Borrower, immediately declaredue and payable all liabilities and obligations of Borrower to Lender andexercise all rights and remedies possessed by Lender.

**GENERAL PROVISIONS:** 

Unless otherwise specified herein, all terms andconditions, representations, and warranties of Borrower in the Loan Agreementremain in full force and effect.  In addition to the terms of the LoanAgreement, as modified by this Seventh Amendment, Borrower consents to theprovisions of the Term Note and the Line Note; provided however, that to theextent any conflict exists between the Loan Agreement and the Notes, then theLoan Agreement shall be controlling.

 

LENDER:                                                                   BORROWER:

Bank of Oklahoma, N.A.                                              TheMonarch Cement Company

By:   /s/ Sarah N. Reavis                                               By:/s/ Walter H. Wulf, Jr.       SarahN. Reavis                                                        Walter H. Wulf, Jr.       Vice President                                                           President |
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